DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers'
Association
Mayer Srit
Bains Nominal
TUESDAY. JULY 27.
Ballery
Nomina
Banks
H.K: Banks
Do. (London) .. Chartered Banks
Mercantile Bks. "A"
Do....
Bank of East Asia...
1,925 od
་་
€112)
Ett
233
#101
$200
Danton LuszTRIJDEN..
1625
-32%
1280
N. C. & S. Banka ....
Insurance
Union Insurances .....] Underwriters
H. Firesp
$3 International Assco. 3.
Shipping
Douglaseruinerie, Steambts
Indo-Chinas (pref.).
$48
384
$42
39.30
4
X0/8
108/0
Shella
DJ. (det.)
Waterboat
Atislag
Kailans MOSH
$11.40 Räub
15
Vedazdeln Gold Fid..
Docks, WharTON,
Godowns, etc.
$117
HK, & K. WHAT
42)
160 ch.
JUNIUS
Providents (kl) ...
Do.
(new) #3985) H.K.4z W, Docks 168 Shangnai Docks S. 03) New Engineerings 8.
|Lands, Hotels, and
Buildings
$6.90
H.K. Hotels.......
$35
H.K Landa...
3108.
Do. 4% Debenturas
$7
31
160
$90
and bugim
$80
Shanghai Landi,.,S, Metropolitan Lands..
16.10. H.K, Rulties..........
Do. Debenturess.
Humphreys an
Chincas EstatDE.
Cotton Mills EWS. She Cottonsfuldj9.
Du (new
!!!!!!!
!!!!!!!
!!!!!!
01:14
o.d
$1,920 2112 214
£33
393
HONG KONG DAILY PRESS, WEDNESDAY, JULY 28, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold
goth July
B. S
Mining Quotations
97th July, 1937
cios.
Time Receivert clos, Closing 10.26 10.96 1091 1.21 3.38 305 342
Rates
21
71
74 .70 72 73
20 201
20
92)
18
17 19
174
0.75
9.75 10.25 9.60 8,75
A bid
14
***
$207
Antamoks
1829
Atoks
12
3280
Baguio Gold
Benguet Consol
Benguet Explor
$48
$84
Big Wedge
14
14
Coco Grove ..
+
--43
42 47
K3
108/9
Consol Mines
2019
017 .018
.1
191
Demonstrations.
+4
43
*
41
E. Mindanao
16
15
17
18
20/6
G. Goldfields
11
10
11
10
311.45
Itogona
54
01
03
ניג1
1.2. L.
38
*
*59
31arbates
17
16
17
$117
Min ResourceN
I
15+
18
12.15./20
Northern Mining
41 10
4 of
50 ot.
Paracale Gumaus
21
20 27
25
$32
$106
San Mauricio
$3
Suyog Consol
1.10 24) 器
1.06. 1.10
J
23.
United Paracales...
83
62 01 51 62
11111:1
58
61.
16.65
Market Comment. S'diar Q
$35
$102
$5.90
19
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
..... $50,000,000
Issued & Fully Paid-Up $90,000,000 Reserve Funds:~~
Sterling
........................£8,500,000
Hong Kong Currency
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter 1853
HEAD OFFICE: LONDON:
38, Bishopsgate EC.2.
-
£3.000.000 £3.000.000
43.000.000
Reserve...$30,000,000 Paid-up Capita!.. Reserve Liability of
For Fund ..... Proprietors
$20,000,000 || Reserve' Liability of Pro-
prietors
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
Head Office:-HONG KONG
Board of Directora G. Miskin, Esq.,
Chairman,
Deputy Chairman.
Hoa. Mr. M. T. Johnson,
J. K. Bousfield, Esq., A. H. Compton, Esq.,
S. H. Dodwell, Eq
14
J. R. Mason, Faq,
K. S. Marrion, Esq.,
SAIGON
AGENCIES AND BRANCHES: ALOE STAR ILOILO
ПРОВ AMRITSAR BANGKOK
KARACHI BATAVIA BOMBAY
BAMARANG
SEREMBAN
KLANG KORK
SHANGHAL
SINGAPORE
CALCUTTA KUALA
BITIAWAN
CANTON
COMPUS
SOURABAYA
Hon. Mr. J. J. Paterson,
CAWNPORE
KUCHING
TAIPING
T. E Pearce, Esq.,...
CBU
MADRAS
TIENTAIN
A. L. Shield, Eao.,
COLOMBO
MANILA
TONGKAR
Sir Vandaleur M. Grayburn,
DILHI
MRDAN
(Bhuket)
HAIPHONG
Chief Manager.
aw IdEI "LƯỢTẠO
НАМЕСВО
YOKOHAMA
HANKOW
Branches
HARDIN
Amoy
Iloilo
Peiping
Bangkok
Ipoh
Penang
Batavia
Jobore
Rangoon
Bombay
Kobe
Saigon.
Calcutta
Kowloon.
Cantou
Kuala
Chefoo
Lumpur Shanghai
62
Q" E S ຍ E'ier 8
PHILIPPINE MINING
NEWS
Good progress has been made on
Development in the Mindoro outside exploration at the East mine consisted of 54 feet of ad- Mindanao Mining Company, ac-vance. The 400-foot level sump i cording to the June report of John being cut to hold water back from Bmeddle, acting manager. In one entering the shaft during sinking case, exceedingly encouraging re- operations. sults were obtained." The Angüish |$14.50 tunnel has been started into Mount
Dagit, exposing country rock of favourable character for ore de- position Operations at Tinabigan continue in a satisfactory männer $12.30 in every respect.
$80
$16
$15.45
$120
$12,
$34
Zoong Sings S.
#34
180
Wing On Textiles(8.)
179
Ewo Cotton Rtя. S.
$3
Pabile Utilities
$14.90 Tramways..........
ċ d
Posk Teams (old) .......] ' 38.
*Da (new).....] 18}
Star Ferric
$17
Yannati Ferries
197
$13.60 Chin Lights (old)...
$13
13.70
Do. (Dew)...
HK. Electrica
1591
$18
Macao" do.
$145
Sandakan Lights .....)
$99.80 Talupuotes (aidy...
$1.00
Dó. (new)...
$124
China Buses.
24/
Tractions
Do. (prei.)....
-Industrials
$18
317
Caldbeck, tones.
39
Canton Ice
Mangregore prof.}8.
$15.10 Coments
Miscellaneous ‚”
In the Briggs mine, raise 453 ad- vanced 7 feet, while the main winze went ahead 15 feet. which was retimbered: The Briggs hoist is completed and in operation."
In the Tinapan, Raise 198 was The mill operated satisfactorily advanced 14 feet, and raise 255, 7 throughout the month, milling an
feet. A small air hoist has been 323.40 average of 127 tons per day, pro-installed, and is in operation. $1,30 during P86,542.30, a recovery of
58/
***
$3.05
Bages....
116 36.20
$281
Dairy Farms
4H
$25)
$5.20
Ch. bainmonts...
$4.80
$1.80
Constructions, '(old)}
$1
45 ets.
Do (now) 15 eta.
10.08 Lane Crawfords...
Nanyang Tobacco...
$8.60
$8.80
19.80 Siaceros
$2.40
Warsons
$6.30
S. C. Enterprises ....
977,
UL.G.5x1925G.7 Bda
95%
prem. Bi
ILB, Gov. 42 Los $109
Do.
1101
Wallace Harper......
$30
HK Wing Oo
185
S'ha
$100 $4,90
6/9
40 ct.
prem.
Do
Vibro Piling
#7/- Maromans Ir v. (Lon.)
HK
Wm. Powells
*****. 140 ot.
•Sales to Shanghai
LONDON EXCHANGE RATES
Faris
Geneva .......
Berlin
Athens
Mljan
Copenhagen Stockholm Shanghai
New York
Amsterdam
(British Wireless Barvice)
July 22
1331
21.701
12.37
July 24 133-3/32 21.84 12.341
94-11/16..
94-7/16
19:39 1/2-9/32 4.88-3/16
8.011
4.962 9.01
142-9/18
Vienna
Prague
Madrid
Lisbon
Hong Hong
Bombay
Montreal
4.987
Brussels
29.601
4.96% 29.51
2161
RIO
Silver (Forward)
Yokohama
Belgrade
Monte Video
Bucharest..
silver (Spot)
War Loan
ON LONDON:-
19-13/16
19-13/16
·3% 091
Closing Quotations
July 17, 1937,
ON NEW YORK:
Hank Bill, on demand 201 Condita," so diys' night. 10j ON BATAVIA:- 19/39 On demand O PAK
Crédits, & month's sight Bi
Telegraphic Tradefar... 11/5 Bank Bills, on demand Oredita. four months'
sighs
1/3 20/23 302 Bit Bille, on demand 908
109
ON SHANGHAI:
On Demand
OF SINGAPORE:
On demand
On damarti
On Far
On demand
1042
On Dianos làm
On demand
BAY BILYEL, DAE.
20/16"
about 91.7 per cent. This may be considered satisfactory on account of the record tonnage of 3.804 tons treated. The plant operated 98 per cent of the possible time.
fi
Exploration work consisted of 137 feet of advance in four places. This work will be advanced at a greater rate of speed in the Tuture.
THE EXCHANGE MARKET
MESSRS. ROZA BROS
Hong Kong, July 27. Silver prices were higher yester- day to the extent of 1/16 for Ready and 1/8 for Forward, the quotations being 20 1/18 and 20 1/8 respectively. Silver advices reported India and speculators as having bought. China sold. The market closed steady: After the official Axing the market was dull with sellers at 1/15 under the quoted rate. American Silver 'was quoted at 44 3/4 for 8pót, "
The London-New York CLOSE- rate was quoted at 497.95. New Kork-London was quoted at 487.- 13/10.
MARKET
Fairly active during the early part of the morning. The tone was steadier than yesterday.
IN STERLING Business was done shortly after the opening at 1/2 11/16 for near delivery "followed by transactions at the same rate for Beptember and November. The market clos- ed at 1 pm. with sellers at 172 11/18 for near and probably for ward, buyers at 1/2 23/32 for any delivery, indigna
US DOLLARS
No business was reported. There were sellers at 30 7/18 July- August, 30 3/8 September and 30 5/16 October-November; buyers at 30-1/2 Cash-August, 30 7/16 Bep- tember-October and 30 318 Novem,
ber:
HE SHANGHAT DOLLARS:
Business was done at 102 1/8 and 10% 3/18 for Spot. There were sellers at 102 3/16, buyers at 102- 1/4 for Spot d
SHANGHAI MARKET There were sellers of Sterling at
Stoping continued at a greater rate in the Mindoro mine, in four stopes. In air 3.131 tons was pro- duced, with Briggs No. 4. The Burwell stopes of the Briggs mine produced 213 tons of ore. Colorado No. 4 mine produced 75 tons....
General ore mined amounted to 8,804 tons, valued at P19.07 per ton, with a total value of P72,539.85.
L
H. K. STOCK EXCHANGE
YESTERDAY'S. OFFICIAL QUOTATIONS
Listings continue for the most part nominal.
Banks were again in enquiry at $1925, while buyers of Wharves advanced their price to $117. Dairies sold at $207, with further. buyers at that' rate. “
The Manila market continued to decline.
BUYERS
H.K. Bank, $1925 C. Div. Douglases, $48.
EXPECTATION
San Fran-
Cisco
London Singapore
Colombo Dairen Lyons Sourabaya Foochow Malacos Sungei
Haiphong Manila" Patani Hamburg Muar Tientsin
(Johore) Tokyo Mukded Tsingtao Harbin Hongkow New York Yokohama
OF Boako
LIFE INSURANCE
EXPERTS ON LAW LORDS RULING
N
Premiums Must Go Up"
Far-reaching.. results are likely to follow the ruling of the House of Lords, recently that the right vested in a Kving person to claim damages for loss of life, passes on his death to his personal repre- sentative.
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and Sterling on terms. which will be quoted on spplication.
Also up to data Safe Deposit Boxes in various sizes To Let.'
Hong Kong, 19th May, 1937.
HONG KONG SAVINGS BANK
conducted by the
THE Business of the abovs HONG KONG & SHANGHAI Experts are agree generally that may be obtained on application.
"BANKING CORPORATION, Rules both motorists and Insurance
For the HONG KONG & SHANGHAI companies will have to face in- creased liabilities. For some time
BANKING CORPORATION. Insurance companies have been complaining that motor business
unprofitable, and this decision may be a factor leading to an Increase in premiums.
V, M. GRAYBURN,
"Chief Manager.” Hong Kong, 1st March, 1937.
BANK OF EAST ASIA, LIMITED.
PRIPING
(Peking) DAN DA PENANG
HONG KONG LAXODON W
FOREIGN EXChange and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at ratse which will be quoted on "applica tion.
The Bank's Head Office in Los don: nüdertakes Executor & Trustee "business, and claims recovery of British Income Tax overpaid, en terma which may be ascertained at any of the Agencies and Branchen.
B. W. ROBERTS,
Manager.
TBX CHASE HANK
14, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
As
18, PISTEKST,
NEW YORK. American Bank offering com plate Foreign Banking Service in the principal Markets of the world..
interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CRARE NATIONAL BANK, NEW YORK, with Resources over U.§. $9,500,000,000...
D. M. BIGGAR,
Manager.
Mr. A L Royle (Manager. Insurance Company) pointed out Motor Department, Eagle Star
to a "Morning Post representa- tive that in future in every fatal Authorised Capital $10,000,000.00 accident where negligence can be Paid-up Capital......... $,596,600.00 THE YOKOHAMA · SPECIE BANE proved, the executors of the dead
Reserve and Undivided person will be able to claim for asum which it has never been possible to obtain in the past.
Profits
***** 3,776,796.76 HEAD OFFICE:-Hoxe KONG "From the point of view of the No. 10, Des Voeux Road, Central.
મ
Board of Directors :- Bir Shonson Chow, Chairman
insurance companies this 'Is Q serious matter." he added. “Of course, a great deal will depend Li Koon Chun, Esq. Li Lan Jang, Esq. on the amount of the damages P. K. Kwok, q. Wongbuson, haq ∙allowed. Just
now all
kinds of Wong Yunlong, taq. Kan Ying Pu, kaq. additional costs are being piled on | Chân Ching Shak, Fung Ping Wah, to Insurance companies. for the
Leg.
Faq heavier sums awarded as damages Krow
all the time and legislation does not tend to reduce
cur liabilities.
14
LIMITED
Capital (fully paid up) Reserve Fund.. Yen 133,850,000.00 Yen 100,000,000 08
HEAD OFFICE:-YOKOHAMA
Kobe Bombay London
BRANCHES AND AGENCIES AT!. Alexandria Honolulu Rangoon Bangkok Hsinking
Bio do Batavia Karachi Janeiro Berlin
Francisco
new
Kan Tong Fo, Esq., Chief Manager. Li Tao Fong, Esq., Manager.
Canton
Dairan
CABLE CURSES
CAPITAL
Reduction Of £23,000,000
Bembey
مية
Branches and Agencias:
640 Baroon
Mantis Balcon 'Sydney.
Calcutta Los Angeles Seattle
Manila Semarang "Moji Shanghai
(Dalny) Nagasaki Singapore Nagoya Sourabaya
Fengtien
(Mukden) New York Sydney Hamburg Osaka
Amoy
* Kazyloon * Passing"
Batavia
Emicucía
Melbourne San Fran
Soy Yark Beastle
Tiantain
Hankow
Otarn
Tokyo
Honolula Paria
Tokohama
Kabe
Piping Bingapore...... --
Harbin Paris
Tsingtao Vinkow
Haiphong Hanhow
Every description of Banking
securities
Hong KongPeiping
Interest allowed on Current
The reduction of the capital of Cable and Wireless (Holding), and Exchange business transacted, counts, Limited, Electra House, Victoria Loans
granted OD approved
Deposits: roceived for Fixed Embankment, from £47.246.593 to
Periode at rates, to be obtained on £23,649,093 108. was confrmed by Local Currency and Fixed Del
"Current Accounts opened in application, an order of Mr. Justice Bimonds posita received for one year of
Y. KANO,
Union Waterboats, $9.30. HK & K Wharves, 81171. Chinese Estates, $90. Peak Trams (Old), $5. Peak Trams (New);" $2k
in the Chancery Division.e Star Ferries, $86.
Mr. Fergus Morton, K.C., for the Dairy Farms, $261..
company," said it was not a Wm Powell, Ltd., 40 cts.
case, in which creditors were Constructions (New), $45 cts. affected. The company was form HK Govt. 36% Loan 1% Premed to create a merger of the In- Marsmans HK, 6/94.
BALKS
Union Ins., $255. HK. Electrics, $60. Dairy Farms, $201.
the forward market as being weak but later the market was reported as being quiet.
IN THE AFTERNOON
terests of certain cable companies, and the earnings of those com- panies had been advěršely affected by the decrease in the volume of international trade and the competition of wireless ser- vices established: by-foreign ad- ministrations, and by the com- petition of air mail services
The profits had not been suf- clant to pay in full the dividend one and three-quarter years in
on lis Praference stock, which was
The market was quiet in the afternoon, finishing with sellers at arrear. 1/2 11/16 for near and probably forward, buyers at 1/2 23/32 for REICHSMARKS any delivery, us
CULUS, DOLLABS
The market closed with sellers. at 30 7/16-July-August 20 3/8 Sep- tember-October and 30 5/16 No
1/8 1/4 for 8pot, buyers at 1/2 vember-December buyers at 30 17/64 for
September sellers 9/10 for cash, 30 1/4 August-Sep
at 1/2 7/64.tember, 30/18
Novem
ets at 29 17/32, bor, and 30 3/8 Decbifbe 118 fot Spot 29 SHANGHAI DOPL
buyers at Sellers at ud JALEBIS vices indicated 6/16 for ho
QUOTATIONS
Berlin, July 27, Reichsmarks' quotations, without guarantee, are
New York, 40.26. Paris, 1075.4.
Amat
dom,: 72.90.
Manager.
Foreign Currencies on terms which shorter periods in Local and Hong Kong, 10th March, 1937. will be quoted on application. Safe Deposit Boxes To Let KAN TONG PO
Chief Manager.
MINORITIES IN IRAQ
CAPITULATIONS IN
MOROCCO ABOLISHED
London, July 26.
nment were fully alive to their
London, July 26.
A convention between the United Kingdom and France resulting from the abolition of capitulations in Egypt and trom obligation of Questioned in the Commons on His Majesty's Government under the protection of minorities in a declaration between the United Iraq the Foreign Secretary (Mr. Kingdom and France; of 1904 re- Eden) stated that information, at lating to Egypt and Morocco will is disposal showed the Iraq Gov-be signed in a few days. The
convention is to abolish the Kih capitulatory rights including British post chices in the French zone of Morocco. British subjects, British protected persons and British companies will beepme Subject to the jurisdiction of the same tribunala and will enjoy the same personal and prí as French citizens and Frenchs capiti tory Zanzibar are also abolished. Com
responibilities in the matter British Wireland. "
PALESTINE
PARTITION
ATTACKED
New York July-20," Mr. Hamilton Fish, Congressman, strongly attacks the British pro- posal to partition: Pale ing: If Britain wishes to give land to the Jews, why not y
Fer own lands?
Heuré
not covered
arate negotia