Sharebrokers'
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
TUESDAY. AUGUST 10,
Association
Exposa Jollars.
Lanka
$1,885 d
H.K. Baks
I a
ent
214
£33
£16
$101
Bo. (London) ... Charbored Banks...
Mercantile Bis. “A
Do.
M
Bank of East Asia...
N. O. & S. Barka ...
Insurances
Caton Insara noon..
1810 Union InsuranOOR PA
Underwriters
EK. FiresAJARAN
1200
Dy
Bailere
#19
400141 1⠀⠀⠀
ad 01,910
£14
£15
HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 11, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
น
Philippine Gold Mining Quotations
Benguet Explor
Consol Mines
B.
10th August, 1837
1.
Time Received clos
9th Aug.
Closing 9.54 8.54 10.24 1134
Ratow
clos.
2.40 303 3.42
78
RU 23.1
! ! ! ! ! ! ! 19
$99
$297
Antamoks...
78
78
78
$800
Atoki
23
$$
99)
}
12
1980
19 $980
Baguio Gold
· 20 · 10)
20
13
International Asson, J.
Benguet Consol
*** 10.85
10.00 10.25
Shipping
Douglase
$481
... 7 bid,
#
$0
Steach s
181
Big Wedge
ww
161 164 17
sai
indo-China (pref.)
$51
Coco Grove ...
$3
53 "55
343
Do. (dol.)
343
.023
,09% .023
113/9
Shella
113/0
$0.30
Waterhosts
$9.30
Demonstrations
51 40 51
48 48
Mining
E. Mindanao
18
18
10
*སཝཱ
20/9
20/6
G. Guldäelds
181
18.
13
12)
#11
$11.45
$5
Venezuela Gold Flds.
***
80+
Itogons
65
81
62 63
I. X. LA
67
60 67
Docks, Wharves,
Masbates
18!
18 19
18
9118
Min, Resources
19 18 19
$2.20
Northern Mining
B
B
150 o
Paracale Gumaus
33
32 33
432+
$100
San Mauricio
1.05
1.00 1.05 1.00
$3
Suyoo Consol
271
264 27
26
United Paracales ...
71
69
70
$6.65
Market Comment,
$
હુ
QEsier
S
Esier
E S'dier
$35
$102
$5.90
!!!!
$1194 $21
Eu cu.
$31
$39.8
Kailan......
Kaubssten
Godowns, etc.
H.K. & E Wharves.
Providents (ald)... $2.10
Do (new)
.K. & W. Dock
$168 Shangasi Docks S.
$100
11
va.10
New Engineerings 8. Leads, "Hotels, and
Bul dings
H.K. Hotela
HK Landa.....D. Do. 4% Debentures Shanghai Lands...S. Metropolitan Lands..
H.S. Realties....... China Domindi Do. DebenturesS. Humphreys '...................... Chinese EstatVO.......
Cotton Mills
$5.90
1361
•$7
⠀⠀⠀!!!
D
$9
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Silver prices were unchanged yesterday, the "quotations being 20 for both Ready and Forward. The Silver market
featureless. was American Buver was quoted it 44 1141 3/4 for Spot.
$60
รับ
114)
Ewos
$100
S'ha Cottons(old)3.
314 $115
Da
(new).
134
Zooog Sings
S
180
Wing On Textiles(S.)
Ewo Cotton Ets. S.
$78 $1.00
-
Public Utilities
32
Foak Trams (old)..... 15.
Do.
(now)...
$851
x d
Star Ferries,******
186
$17
$97
$13 3/4. $12.30 $50!
i
::
$1460 Tramways **********
Do.
Yaumati Ferries
$13.00 China Lighta (old).
$13.70
(now)
$80 H.K. Electrics .....
318) Macao do.
Saudukan Lights ...
129.60 Telephonos (old)...
$11.60
Do.
(new)
$12
China Buses an 8.!
24/4
$17
*9
Tractions runner
03/ Do. (pref.)
Industrial
$16 Caldbook, ord.) 8. Macgregora (praf.)9.
Canton Icos
$15.10 Comenta
$5,00
Roper
Miscellaneous
126) Dairy Fartua ... ..
1 :
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 Beyal Charter 1833
HEAD OFFICE: LONDON: 38, Bishopsgate EC.2
$10,000,000 || Pald-up Capital..
Reserve Fund
$20,000,000 |: Reserve Liability of Pros
Head Office:-HONG KONG
Board of Directora. G. Miskin, Esq.,
Hon. Mr. M. T. Johnson,
Chairman.
Deputy Chairmun. J. K. Bousfield, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq.,
J. B. Masson, Eq
K. 8. Morrison, Esq.,
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq...
A L. Shields, Esq.,
Sir Vendeleur M. Graybarn,
Chief Manager.
Amoy
Branches:---- Iloilo Peiping Ipoh
Penang Rangoon Saigon Kowloon San Fran-
cisco Kuala
Bangkok Batavia Bombay Oslontés Canton
Johore
Kobe
Chefoo
Colombo
Dairen
Foochow
Haiphong Manila
London
Lumpur Shanghai
Singapore
Lyons Sourabaya Malacon Sungei
Hamburg Huar Aqakow
Patani- Tientsia
(Jabare) Tokyo
SYNTHETIC SILK | ITALIAN COTTON Harbin Mukdeu Tsingtao
G
There is nothing exciting in the term "synthetic silk," because the public is quite familar with the product and has been using it for quite a number of years in place of genuine silk. But to produce synthetic silk from milk is some thing new, and has, therefore, claimed the attention of scientists. It is Mr. Benjamin. Roos, the forty-one-year-old German chemist
The London-New York cross- who has discovered this secret
Slated For World Market In 1947
Italy anticipates that within the next 10 years she will not only pro- duce cotton in sufficient quantity to meet fully her internal require- ments, but that her own cotton will be an world markets in competi- tion with the other cotton-produc-
Science Monitor."
Hongkew
New York Yokohama
Current Accounts opened in Local Currency and Fixed Depositi received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.
prietors...
$43,099.000 £3.600.000
£3.000.000
MANCHESTER BRANCH:. 71,, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOE STAM ILOLLO
POR AMBITEAR
BANGKOK KARACHI
BAIGON SEMARANG.
BEREMBAN
BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE
KLANG KOBE XUALA
BEANGHAI
SINGAPOR
BITIAWAN
LUMPUR
BOURABAYA
KVORING
TAIPING
MAD BAR
COLOMBO DILE!
MANILA
TONGKAT
KAIPHONG BAMBURO
MEDAN NEW YORK
HANKOW
·HARBIN
PHIPINO
(Bhuket)
THINGTAO
TOKOHAMA
(Peking) summBCAAH GĄ, A
FENANG
HÙNG TÔNG BANGOON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACcourts opened and FIXED DEPOSITS received for. One rator Year or aborter periods at which will be quoted on" applica
tion.
The Bank's Head Office in Lon don undertakes Executor & Trustas business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained; at any of the Agencies and Branche
RW ROBERTS,
Manager.
THE CHASE BANK
Also up to date Safe Deposit 18, QUEEN'S ROAD CENTRAL Boxes in various sizes To Let
HEAD OFFICE:
18, PINE STREET, --
NEW, YORK.
Hong Kong, 19th May, 1937. HONG KONG SAVINGS BANK
ነ
rate was quoted at 498.92 New after ten years of research. He is ing countries, states the "Christian THE Business of the shore An American Bank offering com
York-London was lower at 498 now working in his London labors-
"
MARKET
Opened steady but later firmed up slightly owing to some specula- 529.40 tive selling. The Inter-Bank mar- $11.30 ket, however, was neglected.
$4/-
"
# $18
$6.20
$281
75.20
Ch. Etainmoata...... $4.50
$1.60
Constructions, (old)]
50 cta
10.05
Lane Crawfords......
Do." (new) 50 cta.
$8.60
Nanyang Tobacco...
$6,80
12.60
Sinceres
€5.40
Watsons*****
3. C. Enterprises s..
97
121 $5.35
96%
.་་་
prem. 81%
24%
$60
HX Wing Ou
B'hai Do
વા
Vibro Piling
Paris
CLG. 571925 G. Bda
H.B. Govt, 4% Comos $106)
Do.
Wallace Harper
"
7,8
***
Wm. Powelle
ELK)
1101
$100
$1.90
23. Maramans Liv. (Lon.)
| 10 ota.|| *Sales to Shanghai
LONDON EXCHANGE RATES
Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm Shanghai New York Amsterdam
Vienna Prague
(British ́ Wireless Service)
Aug. 7
132-55/64
12.391
Aug. 9 132-13/16 21.72 12.39
94-11/16
942..
21.704
4.98-11/16 9.041
4.98-15/16 9.043
143
143
Madrid
Hong Kong
Bombay
Montresi
Brussels
4.08% 29.611
Yokohama
1/2
Belgrade
Monte Video
RIO
Bucharest
Silver (Forward) Bliver (Spot)
War Loan
DA LONDON:
Closing Quotations
August 10, 1937.
Telegraphic Transfer).
Birk Bills; on demand}}
Oredita four months
right
Or SmamqEÁT :--
On Demand
Our New YoK:—
.1/2-13/15
4.98-15/16 29.63
20 31% 1001
Bank Billa, on demand 30°/ė Credita, 40 days sight, 21 1/10 ON BALITEKST
* On-demand
Bank Bills, on (demand 816"
* Credita, 4 month's night 600,
On Raxo
OX PAKIN:-
1/2
100%
On demand
&# 6/16
OF MANILA?-
On demand
On demand:
Dadabad
"OF BINGROE
IN STERLING
Opened with sellers at 1/2 13/18 for near and forward but later 1/2 27/32 could have been obtained for August, buyers at 1/2 7/8 for any delivery.
tory trying to make further im- provements on his discovery. It is reported that he has sent a sample of real silk together with a sample of his own make to government analysts in Berlin, and the result Is that the analysts are unable to one from the distinguish the other.
Synthetic silk, hitherto manufac- tured, has not given full satisfac- tion
to consumers because the quality so far attained has not U.S. DOLLARS Nothing doing. There were sel- proved equal to real silk in beauty lers at 30 7/8 Cash. 30 13/16 of colour, strength, softness, and September-October and 39 3/4 elasticity. Now Mr. Roos professes November buyers 30 15/16 that he has succeeded in obtaining Cash-September, 30 7/8 October such essentials and that in ad- and probably 30 13/16 November,dition he has made "unshrink- ability" a necessary ingredient in his new product.
at
SHANGHAI DOLLARS Business was done at 104 3/8 for Spot. There were sellers at 104 3/8, buyers at 104 1/2 for Spot
SHANGHAI MARKET
The market was steady for near and forward. There were sellers of Sterling for Spot at 1/3 1/4, buyers at 1/2.17/64 for cash. US. Dollars, sellers at 29 9/18, buyers.) at 29:19/32 for Spot.
IN THE AFTERNOON The market was extremely dull in the afternoon and no business was reported.
"
STERLING The market closed with sellers at 1/2 27/32 for near and forward, buyers at 1/2 7/8 for any delivery
US: DOLLARS
1:
EMPLOYMENT IN BRITAIN
London, Aug. 9. The Ministry of Labour estimates at July 26, the number of that insured persons in employment in Great Britain, exclusive of per-
Italian independence from the world cotton markets is expected to be achieved by 1943, where Pre- mier Mussolini's six-year valoriza. tion plan for his African "Empire will have been carried out. Accord- the Istituto Cotoniero ing to
toward Italiano, the first step realizing this ambitious project will take place in July when seed calculated to produce a crop of 50,000 bales will be planted in Italy's East African Empire.
BEST SEED REQUIRED
Bank is conducted by the BONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application.
For the HONG KONG & SHANGHAI
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 ...... 5,508,800 00
Reserve and Undivided
Profits
plete Foreign. Banking Service In the principal Markets of the world. Interest Rates on Application. «
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHLAE NATIONAL BANT, Niw YORK, with Resources over US $2,500,000,000
D. M. BIGGAR,
Manager.
THE YOKOHAMA· SPECIE BANK
LIMITED
2,776,726.76 Capital (fully paid up)
Yen 100,000,000 DO Reserve Fund ... Yen 139,680,000.00
HEAD OFFICE-HONG KONG No. 10, Des Voeux Road, Central,
ca of Directors:-
Sir Shonson Chow, ChairmaŽ
The two, colonies which Italy possessed in East Africa prior to the Ethiopia, namely conquest of Eritrea and Somaliland, have never produced more than 10 000 bales.
best It is stated that only the Egyptian Sakellaridis seed will be used in order to obtain a superior grade of cotton. Measures have a Kuon Chun, Esq. Li Lan sang, Esq. P. K. Kwok, q. WongChuSon, Esq. been taken to ensure that the Wong YunTong,caq. Kan Ying Fu, Esq. plantings shall be rigorously super-Chan Chang Shek, ung Ping Wah, vised by government experts to maintain the standard of crops raised and to prevent inferior seed from atering into the growths.
Italy will closely follow the 'sys- tem adopted in Egypt and the f spection will be carried on also at the ginning mills. In this agricultural the within scheme, was approximately 11,517,-Italy hopes to prevent what has 000 or 511,000 more than a year occurred in other countries where the quality of the cotton has been ago...
sons
Esq.
HEAD OFFICE-YOKOHAMA
4
BRANCERS AND AGENCIES ATT
Alexandria Honolulu Kangous Bangkok Hsinking Rio do Batavia Berlin Esq.
Kan Tong Po, disq., Chiol Manager. La Tse Fong, Esq., Manager.,
Branches and Agencier :--|
Kowloon Frans
New York Sanctim Tokyo
Bombay Calcutta
Karachi Kobe
London
.... San
aneiro
Los Angeles Seattle
Canton
7. Manila
Daires Moji
(Delay) Nagasaki
Francisco
Semarang
Singapore
Shanghai
Fangtian Nagoya " Socrabsp
(Mukden) New York Bydney
Hamburg Osaka
Amr
WBY
Batavia Bocubay
Landau
Bow
Manila
Balcon
Mydaay
Melbourne, Bad Fran.
Taiseks
Tientsin
Hankow Otari Tokyo
Haiphong Hacke Honolul
Chica Besparang! PACH
VEROORTHY
Harbin Paris
Tsingtao
Yokohama
Hong KongPeiping
Kinkow
Robe
Peiping Singapore
Interest allowed on Current As counts.
Every description of Banking
Deposite received for Fixed
and Exchange business transacted: Perioda at rates to be obtained os IN WORLD MARKET Each year the cotton-growing Loans granted
-until area in the Ethiopian Empire is touriționate be progressively extended
Current Accounta
At the same date the num-lowered by slipshod methods of
mixing seeds. of registered unemployed ter was 1,379,459 comprising 1,069,180 wholly unemployed 248,815 tem- The market closed with sellers porarily laid off and 63,664 nor at 30 7/8 August, 30 13/16.Beptem-mally in casual employment..
The total which included 1,074 ber, October and 30 3/4 November. buyers at 30 15/10 Cash-September 474 men, 40,392 boys, 211,400 wo- and 30 7/8 October-November. men and 43,193 girls was 22,881 more than at June 21, but 272,613 than a year ago. The in- crease or the June total is almost the same as the Agure of 22,042 juveniles registered for the art time on leaving school at the end of the summer term.
SHANGHAI DOLLARS Sellers at 104 3/8. buyers at 104 less
1,2
D. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
The "market was steady, but qutetar.
The Manila market was slightly easier.
BUYERS
HK. Bank, $1865 X.Div. Douglases, 5484. Union Waterboats, $9.30. Chinese Estates, 390. Peak Tram (Old), $5. Peak Trams (New), #2}, Star Ferries, #85 X,Div. Wm. Powell, Ltd., 40 eta.we
Joris (New), 60 (s.
to
There was a reduction, contrary
̈on
approved application, opened in
par:
YKANO,
M Manager.
QUOTATIONS
broduction reaches the half mil- Local Currency and Fixed De Hong Kong, 10th March, 1987. lion bales required yearly for posita received for one year or Italy's internal consumption. By shorter periods in Local
enter the Foreign Durrencies on terms which REICHSMARKS 1943 Italy, hopes to
competitive will be quoted on application. world markets as a
Safe Deposit Boxes To Let cotton-producing country.
KAN TONG PO,
Chis? Manager. Italian spinners, and eventually also the Italian consumer,will benefit greatly by this attempt to make Italy independent of foreira
cotton. The colonial grown cot- the seasional tend, in unem ton will be paid for in fire in- ployment in the coal mining instead of the foreign currency on dustry. An analysis shows that which spinners to-day frequently 575,000 or 46 per cent of the total pay a premium of 30 per cent. registered unemployed had been without work for less than six weeks, British Wirden.
FISCAL
INDEPENDENCE
Jerusalem, Aug. B.
Moreover, as the Ethiopian cot- ton will be considered an Italian merchandise there will be no duty to pay. so that the ultimate cost o the aplahed product wit be considerably lowered. Hitherto, the cotton produced in Eritrea and Somaliland has been import ed into this country on the same hoped that this anomaly will be corrected in the near future.
PALACE OF ARTS
For Great Empire Exhibition
London, Aug. 9. Major A. A. Longden, formerly Arf Adviser to the Department of Oversees Trade, win, was- respon- sible for organising the exhibitions
Berlin, Aug. Di The Reichsmark was quoted," without guaranter, at:,
New York, 40.225. Paris, 1071
Amsterdam, 72.94 to 72.97: London, 12.4025.
Paris Sterling, 132,82 to 14487. US dollars, 25.6178 to 58.82215 Transocean New Service
BATTLESHIP TO BE LAUNCHED
Rome, Auf, S The second great battleship the
butch, Italian, Persian and Latteria," will be launched in at Burlington House, Genoa on Sunday, August 23. down appointed to direct the The few vessel will be of the
19
Negotiations between Syria and terms as foreign cotton, and it Rotation or the Palace of Arts same alze, namely 35,000 tons as}
Betanom have been in progress for some time past with the object of finding some practical working method of regulating their com-
which will DE "the" great Empire Ex
Glasgow next of Arts
mon fiscal interests. To-day, how effected in the course of the com-ision c Brez, it was shown that, it was ing year. The negotiations could apparently impossible to reach come to no result because of the any agreement A both states treaty with France which each has indepenwently signed. sow completely independent; state
arance has heir fiscal mat according
of the Estership Vittario ition at which was launched at Trieste in
the end
BOYKER