12
DAILY SHARE QUOTATIONS
Hong Kong Stock.
Exchange
Sharebrokers'
Association
Buyers Balleru
Sales [Natalia
FRIDAY. SEPT. 10.
Bayero
Gallery
Balve
Ngunina
Blacks
$1,050 H.K. Bank
Do. (London).... Chartered Banks....
£15
HONG KONG DAILY PRESS. SATURDAY, SEPTEMBER
THE EXCHANGE
PHILIPPINE MINING
MARKET
MESSRS. ROZA BROS
NEWS
11, 1937.
Mindanao Mother Lode Mines; in Mindanao. the other being that
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
.. BANKING CORPORATION
Salaent Mining Company treated The 6,420 tons of ore during August.
from which P33.601.16 was pro-Reserve Liability of
Proprietors 1,duced, according to A. W Rals-
ton, president.
£8,500,000
AUSTRALIA AND CHINA Juco, porutal by Royal Charter 1833
HEAD OFFICE: LONDON: 38. Bishopsgate E.C.2.
........$10,000,000 | Paid-up Capital....
Reserve Fund ................... .$90,000,000 Reserve Liability of Pro-
prietors
$50,000,000 Inc. is now operating its new 200- of the East Mindanao Mining Com Authorised Capital
pany, which was also built by En-Issued & Fully Paid-Up 320,000,000
Reserve Funds; — The price for Ready Silver drop-ton milling plant at full capacity,
Sterling ..... ped 1/16 yesterday but the For- officials of the Engineering Equip-gineering Equipment.
Hong Kong Currency rate was unchanged, the ment and Supply Company, mana- 1,870 ward
Benorve quotations being 19 7/8 for both gers. announced last week.
En- constructed by deliverles. Silver advices report- plant was ed India as having sold. Business gineering Equipment, and is of the
latest design was small with bears covering to a After the official certain extent. fixing the market was idle. Ameri- can Sliver was unchanged at 44 3/4 for Spot.
£97/10!
20
P13
LIB
933
Mercantile Bks. "A"
Do.
C
£33 eis
$101
Bank of East Asia...
300
N. 0, & S. Barks
32j
Insurances
1300
Canton Insurances..
1907
#610
Union Insurances ........
$600
12
Underwriters
12
1280
$150
$3
international Aasco. 9.
Shipping
Douglases
$48)
મ
Steambts
151
Indo-Chinas (prof.)
Do.
(def.)
19.30
Waterboats
19.30
Mining
19. BIL
Kailans
3482
143
نهم
15/7 Shells.
$120 121
Iko eta
**
$1024
Venozuela Uuld F. $4.30
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharvey. Providents (old) ...)
Do.
(Dew)
$329.K. & W. Docks
$31
8 Shangusi Docka S. New Engineerings . Lands, Hotels, and Buildings
$6.90 $3+1
70 10
H.K. Hotel *****, H.K Landi.......... Do. 4% Debentures Shanghai Lands... Metropolitan Landa H.K. Realties... Chins Do p.8. Do. DebenturesS. Humphreys exp Chinese Estates......
Coiten Mül
$13.80 Ewos. **********
S'hai Coltons(old)S.
His (Dew)S.
$1
160
་8་
::
::
561 $42
| 108/7)
15/0 $11.45
$118 2.20
|60 ol# $321 $106
$3
$6.65
135 5102
$5.90
19
314
$90
$34
540
$100
34
fing Sungs.....
18:
Wing On Textiles(S.)
Ewo Cutton Rts. S.
Pablis Utilities
$14.60) Tramwaja' ..............................
$14.
Ponk Trains (old)...
18
ระ
Da (now)... $91
180
Star Ferrics
$95
Yaunati Ferries
$27
$13.70
Do.
(new)....
#13 113.30
159
H.K. Electrics]
$56
Macao do.
1.4.
Saudiakan Lights ....
1996 Telephones (old)
$12)
4.1.60 Do (new)
129.40 31.30
247-
24/
$13.00 Chias Lights (old)...
4811
China Busus ..............5. Tenctions
20/- Do. (prof.)....
Industrials
Caldbook, ord.) 8.
Macgregors (pref.)S.
Canton Icea
Caments.
Miscellaneous
!!!
$1
$17
12
61
$15.10
+16
5,05
15,20
Ropes SALARY
1261
Dairy Farma...........
$263
5.20
C. Mainonta!...........
$4,80
$1.60
$1.00
Constructions, (old) $1.60
Do.
· AST
$1
14.00
Lage Crawford......
48.50
Nanyang TobaccU.,-
$6,50
12:00
Sinceres
$21
$5,40
Watson's
36.35
8. C. Enterprises
977
Ch.G.641925G.3 Bdu.)
85%
pre 4%
HK, H, 4% Couns
12061
Bretz
50
H.K Wing
141
Vibro Piling
22/6 Maramas liv (Loa.
4.8
40
Wm. Powella
(HK)
Do. 3%
Wallace Harper
S'hui Do
•Sales to Shanghai.
LONDON EXCHANGE RATES
Paris
Genera
Berila
(British Wireless Service) ..
Sept. 9
132-01/64
21.561
12.341
Sept. 10 136
21.54 12.33
Athens
Milan
011
94
Copenhagen
Stockholm
Shanghai
New York
Amsterdam.
4.95-5/16 8.981.
Vienna
Prague
1411
4.94-13/18 8.981
142
Madrid
Lisbor
Hong Kong
Bombay
4.951
4.04-13/16
Brussels
29.37
29.361
Yokohama
Belgrade
Monte Video Rio
Bucharest
Silver (Forward)
Montreal
Bliver (Spot)
War Loan
IN LONDON--
19%
19-15/10
31 1001
Closing Quotations
September 10, 1637.
Telegraphie Transfer...
Bank Bilis, on demand }1/27.
Oredits four months'
sight
On ShanghaX :----
On Demand
Di Budaro:-
On demand
On New Yoak:-
101
$1014
C $100 $4,90
40 ots
19-15/10 -31% 100-3/18--
Bank Billa, on demand 30% Credita, 60 days' sight. 31)
ON BATAVIA !
CF085-
York The London-New rate was quoted at 494.80. New York-London was quoted at 494.- 13/16.
MARKET
*
}
Quietly steady.
STERLING
No business was reported. There were sellers at 1/3 September. 1/2 31/32 October-December, buyers at 1/3 1/32 Cash-October and 1/3 November-December.
U.S. DOLLARS
เ
A small business was reported early in the morning at 30 15/16 for cash. There were sellers at 30 15/16 Cash, 30 7/8 September and 30 13/18 October-December, buy- ers at 31 Cash-September: 30 16/18 October and 30 7/8 November- December.
SHANGHAI DOLLARS Nominal at 103 1/2.
SHANGHAI MARKET
Sterling opened with sellers at 1/2 7/16. buyers at 1/2 1/2 cash. Later the selling rate rose, to 1/2 15/32 but the buying rate remain- ed unchanged. U.S. Dollars, there were sellers early in the morning at 20 13/16, buyers at 29 1/8 tar cash. Later the market steadied up to sellers at 29 27/32, buyers at 29 20/32.
IN THE AFTERNOON The market afternoon
was quiet in the
U.S. DOLLARS The market closed, with sellers 1 1/3 September and 1/2 31/32 October-December, buyers at 1/3 and 1/3 Cash-October November-December.
1/32
Mindanao Mother Lode has been under development for some two Its ore reserves, estimated years. in February, showed positive ore tonnage of 88,176 tons, having an average value of P35.87 per ton, amounting to and probable ore 131,170 tons valued at P33.52 per ton. A recovery of 90 per cent at least is expected
Ambassador Gold Mining - Com- pany has been operating its mill since August 22. according to For the Eduardo Cruz, sécretary. period August 22-29 inclusive the plant produced 25.469 ounces of gold, 8.985 ounces of silver, and 1.211 ounces of base metal, the to- tal valued at F1,788.96, Mr. Cruz told the "Bulletin." Better results
The plant is the second to go are anticipated for the month of into production in the Surigao area! September he said.
REPORT ON OIL FROM FRENCH CURRENCY
COAL CHALLENGED
Criticism By Duke Of Montrose
The report of the Oll From Coal Committee of the Scottish National Development Council. was descri- bed by the Duke of Montrose re- cently as "blassed and unfair."
He was speaking at the annual meeting of British Coal Distillation, Limited. In London. He alleged that the Committee had refused to study the possibilities of oil fuel for transport: although Sir Thomas Inskip, the Defence Minister, had stated that the question of solid fuel transport was "under serious consideration."
Head Ofice: HONG KONG
Board of Directors. G. Miskin, Esq.,
Hon. Mr. M. T. Johnson,
Chairman.
Deputy Chairman,
J. K. Bousfeld, Esq., A. H. Compton, Esq.. S. H. Dodwell, Esq.,
J. R. Masson, Esq.
K. S. Morrison, Esq..
T. E. Pearce, Esq.,
£3.000.000
£3.000.000
£3.000.000
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOE STAR ILDILO AMRITSAR IPOX BANGKOK KARACHI
BATAVIA XLANG BOMBAY IOBE CALCUTTA XUALA CANTON CAWNPORI
BAIGOM SEMARANG
SEREMBAN SHANGHAI
NINGAPORE
AITIAWAN
SOU BASATA
TAIPING
LUMPUR KUCHING
Hon. Mr. J. J. Paterson,
с
'MADRAS
COLOMBO DELHI HAIPHONG
MANILA..
TOMOKAK
MEDAN
NEW YORK
TRINGTAO
BAMBURG
PRIPING
A L. Shields, Esq.
Sir Vandeleur M. Grayburn,
Ghief Manager.
Fall Of Franc Not Taken Too Seriously
Amoy
Bangkok
Branches:——__ Iloilo Ipab
Paiping
Panang
Batavia
Johore
Bombay
Kobe
Rangoon Saigon
Calcutta
..
Paris, Sept. 10. The sharp fall of the franc, which closed at 135.87 for spot. compared with 132.98 at the open- ing, while forward discounts slump- ed from 100 centimes for one month and 418 for three months, to 200 and 587 respectively, is not taken too seriously here.
The movements are thought to be in keeping with the policy of allowing the franc to find its own level,
Canton Chefoo Colombo
Dairen
Foochow
Kowloon San Frsa-
cisco Kuala
Lumpar Shanghai London Singapore Sourabaya Sangei
Patani Tientsin
Lyons Malacca
Haiphong Manila Hamburg Muar Hankow (Johore) Tokyo Harbin
Mukden Tsingtao
Hongkew New York Yokohama
Also up to date Safe Deposit "Boxes in various sites To Let. Hong Kong, 19th May, 1037.
Accounts Current
opened in Local Currency and Fixed Deposits It is pointed out that the in- received for one year or shorter ternational situation has of late perioda in Local Carrancy and ..that Sterling on "terms, which will be created nervousness, and "Far more time has been spent capital is again leaving the coun-quoted on application. by the Committee in saying why try. The Bank of France. which
hitherto
the pegged
rate coal distillation should not start in has Scotland than in helping it be through the Exchange Fund at said. "Britain is almost wholly 133.97, decided to-day only to ac- cord intermittent support, as it was dependent on foreign supplies of all. We might have a strong Navy realised that the movement away from the franc was more than merely a temporary fluctuation, and there was no wish, especially in such a period of International tension, to use up France's "wor chest" in support of currency.
to protect that all coming in, but there are other complications and which questions international might interfere with our supplies and for which naval protection, would be of no use." -"
In the event of war. he added. the Government. would comman- deer the country's entire supplies of oll, which would affect the fond
STERLING The market closed with sellers at 30 15/16 September, 30 7/8 Oc, tober and 30 13/16 November- December, buyers at 31 Cash, 30 15/16 October and 30 7/8 Novem-supply. as, agriculture was to a
large extent now mechanised. ber-December.
יי
A. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
Opening quiet, the market early
the week relapsed into dullness. Selling pressure showed "signs of increasing, whilst buyers, who in recent weeks have absorbed offer- ings satisfactorily, were inclined to operate only with caution. The volume of trading was cessarily not large.
ne-
It is to be noted that at no time has the market. been without sup- port. however cautiously rendered Sterling issues in London gave was slightly. Their local market continued very narrow, owing to the reluctance of sellers to accept the prices offered by bargain hun- ters, who were very much in eyl- dence in this section of the mar- ket.
WHITE RUSSIA Newspaper Reports Of Executions
Moscow, Sept. 9. According to reports from Minsk,
DEUTSCHE BANK REBORN
Berlin, Sept. 9.
At the general meeting of the "Deutsche Bank Disconto Gesell- schaft" on Oct. 6. the old name of this biggest German banking be office. "Deutsche Bank" will Instituted again.
The present name originated from the time in 1927, when the. two largest German Banks, the "Deutsche Bank" and the "Dis- conto Gesellschaft" were merged.- Transocean Neies Service.
BRITISH FREIGHTER
CONFISCATED
London, Sept. 9 The interception and confiscation of the British ferighter "Stamwold" by a Nationalist torpedo boat near Riva de Cella in Spanish waters. "was reported by the Admiralty to-
day,
It is stated that the British owners of the ship refused to give information regarding the cargo or destination of the ship- Francea» Veya Keroics.
OLD AGE PENSIONS ·
..
London, Sept. 10.
The opinion, is expressed that the nervousness may have been accentuated
by the two days' Bank of France return, which re- vealed that the State borrowed a further 800.000.000 franes from the Bank.- Reuter.
REICHSMARK
QUOTATIONS:
Berlin, Sept. 9.
quoted,
The Reichsmark without guarantee, at:
New York, 40.125 Paris, 1076.5 Amsterdam, 72.785 London, 12.345
was
Paris sterling, 133.05 to 133.10 Paris US dollar. 26.855 to 26.88:-
Transocean News Service.
CAPE ROUTE TO U.S.
New York, Sept. 10. Rubber dealers in the United States have requested that ship- ments of rubber from Malaya be diverted to the Cape route, instead of going via the Mediterranean owing to the high rate of war risk insurance.-
Reuter.
policy trade.
An amendment to the scheme,
LEITH PORT
to develop international
An excellent book, prettily bouna, and printed on art paper, on "The Port of Leith" has been published At the Trade Union Congress and issued by the Leith Chamber the White Russian Executive Com- today, Labour's plan to increase of Commerce in furtherance of its mittee has deposed the Chairman the scheme of old age pensions
was submitted to the meeting. of the Council of Peoples. Com- missars, M. Walkovich, and has made M. Ananyey his successor. whereby workers would not be way,
The provincial papers report needed to contribute towards pens- says that it is the desire of the
relations of "spies, ion during working years was de-Chamber that the centuries-old daily of executions saboteurs and counter-revolutiona-feated and the scheme approved commercial
as it stood.- ries."
The Rostov paper, "Mollot," on Reuter. Thursday reported that four lea- ders of the "Counter-revolutionary were executed, and the Gang" "Charkovki Rabotchi" likewise re- ports four executions in another
Tranioccan News Service.
On demand.............................. 35 7/10 | | district.— Os Pants:-
Bank Bills, on demand 840 Credits, 4 month's sight 890:
1/20
.102
OS SLIGON:
On demand
83)
ON MAXILAST
On demand.
ÜN BANGKOK:-
On demand
100
p. 6E
149%
Telegraphie Transfer.....
BanƐ on demandin
Jez
Do"JAPAN!—
On demand: BoyerKigns Bank Buying
Rats BAR SILVER, Der gå. ---- 187
LORD RUNCIMAN'S WILL
London. Sept. 10. *The ninety-year-old shipping magriate, Lord Runciman, whose death occurred recently, left estata valued at £2,388,000,- Reuter.
STEAMER RELEASED
Hendaye, Sept. 10.
In a foreword, Mr. R.S.K, Gallo- chairman of the Chamber,
any
between Leith merchants and their Con- tinental contemporaries may be reciprocated by the information readily accessible in the book.
those with Certainly, to trade or commercial connection with that port, and to the ship ping world in general, this book The British steamer Molton, should prove most valuable, for I which had been seized by the Insur.Leth occupies a unique position by to the gents. has been released, but she geographical proximity will probably not leave Spain until sports on the continent, which certain bills have been paid. The are the exchange and mart of the fate of other British steamers held vast. European producing interior.
The book is profusely illustrated. by the Insurgenta is now under
the Insurgent and gives complete statistics and consideration by
full information regarding the authorities.
activities of the port Reuter.
HONG KONG SAVINGS BANK
Bank is conducted by the THE Business of the above HONG KONG & SHANGHAI BANKING CORPORATION. Roles may be obtained on application.“..
For the HONG KONG & SHANGHAI
BANKING CORPORATION.
Y.. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937.
:
BANKOW
SABRIN
(Bhuket)
YOKOHAMA
(Peking) sąmOANGA PENANG
HONG KONG BINGOON
FOREIGN EXCHANGE and General Banking Business trausacted..
CURRENT ACCOUNTS opened and FIXED LEPOSITS received for One Year or shorter perioda at rates which will be quoted on applica- tion.
The Bank's Head Office in Lon- don undertakes Executor & Trustee of Business, and claims recovery British Income Tax overpaid, op terms which may be ascertained as any of the Agencies and Branches
R. W. ROBERTS,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINK STEKET,
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 entirely owned by THE ORASE NATIONAL BANK, NEW
York, with Resources over Ube $2,500,000,000.
D. M. BIGGAB,
Manager
$10,000,000.00 THE YOKOHAMA SPECIE BANK
5,598,600 00
BANK OF EAST ASIA, LIMITED.
Authorised Capital Paid-up Capital Reserve and Undivided
Profits
LIMITED
2,776,790.76 Capital (fully paid up)
A
HEAD OFFICE: HONG KONG No. 10, Des Voeux Road, Central.
V:
Board of Directors—
Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li lan cang, Esq. P. K. Kwok, Esq. WongChaSon, Kaq Wong YunTong, Esq. Kan Ying Pu. Esq, Chan Ching Shok, FangPing Wah,
Esq
Yen 100,000,000 NO Reserve Fund... Yen 132,850,000.00
HEAD OFFICE: --YOKOHAMA
BRANCHES AND AGENCIES AT" Alexandria Honolulu "Bangoon
Rio do Bangkok Hinking Batavia Karachi Janeiro
San
Berlin a Kobe
London
Francisco
Los Angeles Seattle
Manila Semarang
Esq.
Bombay
Kan Tong Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.
Calcutta
Canton
Dairen
Moji
AMUT
Branches and Agencies :---
Kowloon Penang Boumbay!
BALATIA
Bombay
bydany
Acetta
Talboku
Canton
Tientela
Ralphung
Makow
Honolulu
Kobe
London "Laurson. Swalew Manila
jalgoo Malbourne San Fran Maxacak!
Shanghai
(Dalny) Nagasaki Singapore.
Fengtien Nagoya
Soerabaya
(Mukden) New York Sydney
Hamburg Osaka
disco
Hankow Dan
Semarang Yancouver
Harbin
Paria
Shangha Yakobama
Hong KongPeiping
New York Sanctio Takro Usska
Paris
Poiplug ngapore
Tientsin
Tokyo
Tsingtao
Zinkow
Interest allowed of Current Ao-
for Fixed
Deposits received approved Periods at rates to be obtained on
application,
Y. KANO,
Manager.
Every description of Banking counts, and Exchange business transacted. Loans granted ов securities.
Current Accounts opened in Local Currency and Fized De- posite received for one year or Hong Kong, 10th March, 1937. shorter periods in Local and Foreign Currencies on terms which will be quoted on application. Bafe Deposit Boxes To Let
KAN TONG PO.
Ohief Manager.
NOT ATTENDING GERMANY AND ITALY
Loridon, Sept. 9. The Italian and German replies to the British and French invita- tions to attend the Mediteranean Conference at Nyon, refusing the Invitation, arrived at the Foreign office to-day.
FRENCH DESTROYERS
Paris, Sept. 10. The Minister of Marine has prdered the Fifth Destroyer Divis- lon comprising of four destroyers to remain in readiness to sail for
inforce the protectiori of ship- ping- Reuter.
the Mediterranean in order to re-
The possibility of merely opening and concluding the seaslons at Nyon, while the actual negotiations take place in Geneva, is also hinted at by the papers, recalling that Nyon was proposed merely so that Italy and Germany need not be brought into contact League of Nations.
with the
It is predicted that the Conter- ence will be of short duration only. since there is but one topic, Ger-
many and Italy will be officially informed of the decision reached by
Authoritative quarters state that although Britain regrets the refusal to participate on part of these two Powers, she is nevertheless deter- mined to carry the conference to a successful conclusion, and to obtain agreement on measures to be taken
the participating powers, in order to remove the danger to shipping in Mediteranean waters.
The presence of Britain, France, The evening papers, in reprinting-Yugoslavia, Greece, Bulgaria, Ru- excerpts from the two Notes, take a mania, Turkey. Egypt and Soviet positive stand behind the Govern- Russia at the conference is practi- ment, in declaring that the Con- cally assured. It is only expected ference must, under ali circumstan- that Albania will follow Italy's ex- ces, be held and a definite pro ample and not attend. gramme of action agreed upon. Transocean News Service.
1
5