12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
$1,870
213) £33) £18
HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 13, 1937.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS
Saturday, Sept. 11. Silver prices rose 1/18 yesterday for both deliveries, the quotations being 19 15/16 for Ready' and Fer- ward. Silver, advices, reported India and speculators as having bought The market was steady. American Silver was quoted at 117 for Spot."
Sharebrokers*
Association
Syne
}}Gallery Balon Nassical
SATURDAY.
SEPT.
dallare
FAJA
Domina
11.
H
Banks
$1,660 H.K. Banks
£97
Do.. (London)
EIBA
Chartered Banks...
£33
Mercantile Bk. “A”
£16
Do,
"O"
101
Bank of East Asia...
199
N. U. & S. Banks....
Insurances
1200
Canton Insara/1298..
$297
$810
Union Insurandes ...
1300
12
Underwriters
12
HL.K. Fires
$250
International Asses. S,
--
11/16.
Shipping
Douglases....
The London/New York cross. rate was quoted at 494.60. New York London was quoted at 494.-
MARKET
$481
384
Steambts
58+
151
Indo-Chinas (prof.)
143
100/3
Do. Shella
(doi.)
542
B.......
165/7
19.30
Waterbosta
19.30
Mining..
15/-
Kailans
$11
Raubsr
Venezuela Gold Fids. #4.30
15,6 $11.45
Docks, Wharves,
***
5290
13
$120 121
$1024
fo ct..
Godowns, etc.
H.K. & K. Wharvoa. Providents (old)...
Do (new)
| 1999 | H.K. & W. Docks
331
$6,510
Shangani Ducka S. New Engineerings 8. Lands, Hotels, and Boi dings
H.K. Hotels
104H.K Lands.........S. D. Dobentures
Macao" do.
!!!!
rי
$110
$2.20
50 ota.
$32 $106 13
Extremely dull. Steady.
STERLING
There were sellers at 1/3 Sep- tember and 1/2 31/32 October. December, buyera at 173 1/32 Cash October and 1/3 November! December. No business was re- ported
U.S. DOLLARS · There were sellers at 30 15/10 September, 307 October and 30 13/18 November/December, buyers at 31 Cash,30 15/16 October and 307 November/December.
SHANGHAI DOLLARS Nominal at 103).
SHANGHAI MARKET,
Early advices indicated sellers at 1/2 15/32 for Spol, buyers at | 1:21. Later the market, was in- dicated as being easier with sellers at 1/2 15/32, buyers at 1/2 31/64 for Spot. US. Dollars, there were sellers early in the morning at 29
27/32, buyers at 29 29/32, Later
advices indicated sellers only n 29 13/16, buyers at 297 for cash.
STOCK
EXCHANGE
SATURDAY'S OFFICIAL
QUOTATIONS
30.35 135
$101
111 | Shanghai Lub......S.
#:
Metropolitan Lauta..
H.K. telt
$6.90
Chika Do..
Do., Debentarves.
$
Humphreys ******
Chinos Estate......
Cotton Mill
$13,50 Ewos
314
SIN
S'ha: Cottons(uld)S.
$90
(now,
iH
Zong Sings...
$34
IN
Wing On Textiles(15.})
1415
Ewe Colton Rts. S.
H. K
Pabile Utili
$146 Tramways
$14
15
Penk Pratus (vld) ... $5
33.
Du. (Lew... 32g
Stri
Star Forries *******
280
$27.
Yaumati Ferries
127
$13.00 China Lights (uld)...
F13)
$13.70)
Do.
(new)...
8:3.30
$49
H.K. Electrics...
100,
SH
$24
Saudaran Lights
Tolophonos (old)....
$22.40
$1.00
8 1.3
$124
perceptit
· weaker.
China Bus
23.1
Tractions ........................
347.
21.
Do. (prof.).....
Tuustrials
.817
Callback. LoM, N,
39
Macgregors prefs.
Canton Lees
看看
$15.10
Peak Trams (Old), $5.
15.08
Corneal ..
16
Rupus
6.2
Miscellaneous
1203
Dairy Farme...
15.20
Ch. E'tainment.......
$261
$1.80 $1.00
Constructions, (old) $1.60
$4.80
Ds.
+AbW;
$1
Lane Crawfords.......
$3,50
$2.60
Sincatos
$8.60
$6:40
Watrons
$92
S. C. Enterprises
$5.35
SALES
97
Ch.G. 5210250.
pres
H.K.4% L
Gy
S'pore Tractions. 23/A
$108
prez.
Do..
317
點
31014
16
}
48
40 c
Do (now)...
Nanyang Tobacco...
Wallace Harper
tt.K Wing On
S'hai
Do
Vibro Piling...................
226 Marécanna ft v. (Lon.
Win. Powella
*Sales to Shanghai
LONDON EXCHANGE
British Wireless Service)
Paris
Сепета
Berlin
Athens
Milan
Copenhagen
Stockholm
Shanghal New York
Amsterdam
Vienna
Prague
Madrid
Lisbon
Hong Kong
Bombay
Montreal
Brussels
Yokohama
Belgrade
Monte Video
Rio....
Bucharest Suver (Forward) Silver (Spot) ... War Loan
Do London :-
(H.K.)
RATES
Sept. 10
136
21.54
12.33
94
Sept. 11. 138-57/84 21.53 12.321
4.94-13/16 8.981
1424
4.94-9/10 8.09)
1418
4.94-13/16 29.30
4.94-9/18 29.361
191
19-15/16 34% 109-3/16
Closing, Quotations
September 11, 1937.
Telegraphio Transfer...
Bank Billa, on demand 1:2
Oredits. four months
night
ON SHANGHAL...
On Demand
UN NEW YORK:-
192 19-15/16
$100 $4.30
140.ots
Bank Billa, on demand 201 Credits, 30 days' night. 211 ON BATAVIA¦—
On demand
Ox Paris:-
554
Bank Bills, on demand 855 -Credits,-4-month's sight vos
...
86%
102)
On Gaidon:----
Ow Stxoarora:
On demand
On demand
82}
OX MANILA:
On demandva
On JAPAN-
Dn. demand
Oy „Bangrox:-
100
On demand...
1498
SOVEREIGNS Bank Buying
Mash on demand....................
Telegraphic Transler... 189
Pain
BAR SILVER DIE Silo sinisi 12 10/10
PHILIPPINE MINING NEWS
"The days when overnight for tunes could be made in Philippines gold mining are gone," says Mr. Edmund Bitzer, mine superinten- dent of the Benguet Consolidated Mining Company, of Bagulp, who arrived in Singapore from Manila recently
ין
In a search for revenue, 1 was considered most likely the Philip- pines Government would pick first on the wealthy mining corpora- "tions.
FEARS OF DISASTER "This independence business is causing Industrials plenty of nead-. Mr. Bitzer is making a vacation aches," Mr. Bitzer said. Business trip to New York.
men and most of the educated Filipiг.08 now are beginning to realise that complete independence can bring disaster and nothing else. to a formerly very prosperous' territory.
"Those stories
you still hear about fortunes to be made in our mincs are what Americans call 'boloney." Mr. Bitzer told the
Times of Malaya."
"Production is high and there are 200 development companies at work, but there really are only five output companies." he said. Those mines were in good condition and were likely to continue profitable for an indefinite time, but nothing spectacular could be expected.
Philippine gold-mining. CUM canles were expecting almost crip- plug taxation as the time for the complete independence of the islands approached. Mr. Bitzer continued. He thought trade with the United States, was certain to diminsh appreciably.
WHY CEYLON RAILWAYS
LOSE MONEY
RUN FOR OFFICIALS
NOT PUBLIC.
An
-Commission Report astonishing account of maladministration of the Govern- ment-owned Ceylon railways is contained in the "Report of the Special Commission appointed-by the Colonial Secretary to Inquire into the transport System of the island." The Commission, which consisted of Brigadier-General F. D. Hammond. Mr. J. D. C. Couper
The r rket was quiet, but not and Mr. J. F. M. Taylor, arrived
BUYERS
Doug.ases. $48.
Indo-Chinas (Det.), $43.
Union Waterboats, $9.30.
Chinese Estates, $90.
Peak Trams (New), $24. Wm. Powell. Ltd., 40 cts. Constructions (Old), $1.60. Constructions (New). $1.
SELLERS
H.K. Land 4% Debentures 1021. Marsmans (EK), 4/6 H.K. Govt 34 Loan 14
Prm.
„TREASURY BILLS
London, Sept. 1. The total amount appiled for in tenders for the £50,000,000 Trea- sury Bills was £92,690,000, an average rate per cent. for the bills at three months, of 10/2.623. against 10/2.53d a week a80.— British Wireless Service.
MINES LAID UNDER MAIN MADRID BUILDINGS
Salmanca, Sept. 11.
A sensational story of mines iaid beneath the largest and most important buildings in Madrid was
told here yesterday.
Teller of the tale was a Nation- alist officer, who has just escaped from a Madrid prison.
"
Business circles felt that Prest- dent. Quezon was the latest to ap- preciate the full signiorance or cutting adrift from the United States, he continued: "
"But although Quezon realises what trouble lies ahead, he cau- not do anything about it. He hus spent his life preaching Indepen- dence. It has been his living. His political careed would end it ne admitted he had been wrong all
his re."
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
******
Authorised Capital $30,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds: Sterling.
AUSTRALIA AND CHINA Incorporated by Royal Charter 1933
HEAD OFFICE: LONDON: 38. Bishopsgate E.C.2.
....£8,500,000
#10,000,000
$20,000,000 Rosary
Hong Kong Currency
Reserve Reserve Liability of
Proprietors
Head Office:-HONG KONG
Chairman
Board of Directors. G. Miskin, Euq..
Hon. Mr. M. T. Johnson,
Deputy Chairman,
1. E. Bousfield, Esq., A. H. Comptou, Esq., S. H. Dodwell, Esq.,
J. R. Masson, Esq.,
K. S. Morrison, Esq.,
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq., A L. Shields, Esq., Sir Vandeleur M. Grayburn,
Chief Manager.
Anay
Branches: Hoilo
Bangkok
1poh
"There's
certainly plenty or trouble ahead for those islands of ours," he added.
little
Batavia Bombay
Johore
Peiping Penang Rangoon Saigon
Calcutta
Canton
Cheloo
Colombo Dairen Foochow
Robe Kowloon San Fran- Kuala
cisco Lumpur Shanghai London Singapore Lyobs Sourabaya Malacca Sungei
Germany's New Loan Haiphong Manila
Increase
Berlin. Sept. 11. The new Reich 41 per cent. Loan of 600,000,000 reichsmarks.
Issued on Thursday, having been heavily oversubscribed, the under- writing syndicate has applied to the Government to increase the amount.
A
The Loan has consequently been raised to 850,000,000 reichsmarks. of which 100,000,000 zelchsmarks
Tranrotenn News Service. had been subscribed beforehand-
Fi
GERMAN AUTUMN
MANOEUVRES
In Ceylon last October and lett
London, Sept. 11. two months later.
Field-Marshal Sir Cyril Deve- They found a railway nearly rell, Chief of Imperial General 1.000 miles long, the gross receipts! Staff, and Ale Marshal Sir Arthur of which in the past ten years Longmore, Commandant of the Im- liad fallen by more than 45 per perial Defence College, will head cent, and defelt of which for the British military mission which 1936-37 was estimated at 31.67.285 will fly to Germany on September rupees (about £230,000), compared 22. with a profit of nearly 90,00,000 rupees (about £675,000) in 1928- 29.
The mission will attend the great German autumn manoeuvres in Mecklenburg., where the army, The railway is controlled by the navy and air force will carry out Works, all the members of which, Ministry of Communications and important strategical movements. save one, are, according to the special interest to the visit, since British political circles attach "Colonial Office List," natives of Signor Mussolini is also expected Ceylon.
"Legislative bodies," states the report, " are ill-adapted to control directly departments which earn revenue. more particularly when these departments have to meet 'competition. There is a tendency to Intervene in matters of administration, often of a minor nature, and thus to hamper the ordinary day-to-day management of the undertaking.. There is the further tendency to introduce political alms into what should be run purely as a business."
W
WORN-OUT STOCK
In the running of the railway the Commission found:
Local trains run to suit Govern- ment officials and not the general public;
A maximum speed on the whole system of only 40 miles per hour-- a speed which "could be substan- tially increased with safety even in the existing conditions";
Complete disregard of publicity | and no time-tables published in Cingalese or Tamil
He says that mines have been "There is not much use." com- laid under the Royal Palace, the ments the report, "In letting. * Bank of Spain, the main Post passenger know in his own langu- Office, several Ministries and varf-age when he has arrived at his ous important thoroughfares. atation unless you tell him Arst All the mines, the omcer de- in the same tongue how he can clares, are connected with each get there"]; other, and can be touched off with a single switch............ Transocean News Service
2
Worn-out rolling stock, with no provision made for replacement, and some engines more than 50 years old;
The
Thousands of passengers travel- ling with platform tickets and MORE JAPANESE
escaping at unfenced platforms on REINFORCEMENTS | arrival at their destination.
Commission recommends Nanking, Sept. 11: Approximate the closing of 179 route miles of ly 20,000 Japanese troops have line and the appointment of a Janded at Tangku during the past Railway Board, on the lines of the week. according to military in London. Passenger Transport formation received here.
Board, to control the administra- tion.
to attend the manoeuvres as the guest of the German Government.
"ranencian Newe Service.
LEAGUE COUNCIL"
MEETING
Hamburg Muar Haukow
Patani Tientsin
(Johore) Tokyo
Tsingtas New York Yokohama
Harbin Mukden Hongkow
in
Current Accounts opened received for one year or shorter Local Currency and Fixed Deposits
perioda in Local Currency and Sterling on terms which will be quoted on application.
Also up to date. Safe Deposit Boxes in various sizes To Let. Hong Kong, 12th May, 1937.
HONG KONG SAVINGS BANK
Business of the
above
TBank is conducted by the
HONG KONG & SHANGHAI BANKING CORPORATION. Rules nay 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
2,776,795.70
No. 10, Des Voeux Road, Central. HEAD OFFICE:-HONG KONG
Board of Directors:-
Sir Shouson Chow, Chairman
Li Kosa Chun, Esq. Li Lan sang, Esq.
·P. K. Kwok, sq. WongChnson, t.sq. Wang Yuning, sq. Kao Ying Yo, Ex. Chan Ching Shek. Fung Ping Wah,
Esq
Eng.
Kan Tong Fo, Kan., Chief Manager. Li Teo Fong, Esq., Manager.
Geneva, Sept. 11.. The twenty-eighth session of the League Council was opened yesterday with the Spanish Re- publican Premier, Negrin, in the chair.
The Council met in Senor Negrin stating that when Kebe
take the chair.
·Branches and Agencies:-
Kowloon Landon
Paid-up' Capital.. Reserve Fund.....
Liability of Pro- priators
*£3.000.000
--- £3.000.000
.................................. £3.000.000
MANCHESTER BRANCH: 71, Mosley Street. Manchester.
AGENCIES AND BRANCHES:
ALOR STAR ILOILO. AMEITAR P DANGKOK BATAVIA
SINGAPOEN
BAIGON
SEMARANG
KARACHI
SKREMBAN
·BOMBAY CALCUTTA CANTON CAWNPORA
kau COLOMBO DELHI
SLANO KORE KUALA
SHANGHAI
BITIAAN
LUMPUR
KUCHING
TAIPING
MADRAS MANILA
TONGKHAN
MEDAN
HAIPHONG
NEW YORI
TSINGTAO
HAMBURG
PLIFING
BANKOW
BARBIN
BOURABAYA
*TIENTEİN (
(Bhuket)
YOKOHAMA
(Peking) saICANGA PENANG
HONG KONG BANGOON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Oce Year or shorter periods, at rates which will be quoted on applica tion:
The Bank's Head Office in Lon- don undertakes Executor & Truston business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches
B. W. ROBERTS,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL.
HEAD OFFICE:
18, PINE STERKT,
NEW YORK
An American Bank offering "com.
plete Foreign Banking Service, In the principal Markets of sha world. Interest Rates on Application.
11
SAFE DEPOSIT BOXES
Thin Brok is entirely owned b THE CHASE NATIONAL BANK, NE
YORK, with Resources over L... $2,500,000,000.
D. M. BIGGAE,
Manager
'THE YOKOHAMA SPECIË BANK
2
LIMITED
Capital (fully paid up).
Yen 100,000,000:00 Reserve Fund Yen 184,400,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Rio do Batavia Karachi
Janeirg Berlin Kobe San Bombay London Francisco
Los Angeles Seattle Manila
Caloutta
Canton
Semarang
Periang Scurabaya
Dairen
Moji
Shanghai
camera,
Hataria Bombay Senor Juan Oleratin
Canton Fialphony Bankow Banka Honolulu
Ranyoos
Swalow
Kaalla
Malgoa
Sydney
(Dalny) Nagasaki Singapore
Melbourn
Bad Fran Tiboru
Fengtien Nagoya
Sourabaya
Xagnak! New York
Parie
dorila
Tlentin Tokyo
(Mukden) New York Sydney
Tientsin
Pelluz
Bhangbai
Raspore
Yokohama
.
Hankow
Otara Harbin Paris Hong KongPeiping Yinkow
Tokyo
Tsingtao
The Council decided to appoint
Samstang Vanscover Hamburg Osaka
Every description of Banking
the Valencia Government's appeal came up for consideration, he would ask another member to and Exchange business transacted. Interest allowed on Current Ao-
Loads
granted OF spproved counts. securities.
Deposite received for Fixed committee at its next sitting to Local Currency and Fixed De-application,
Current Accounta opened in Periods at rates to be obtained on which would be entrusted the task posits received for one year or of studying
Y. KANO, the report of the shorter periods in Local and Mandates Commission
Manager. on the Palestine question and submitting will be quoted on application.
Foreign Currencies on terms which Hong Kong, 11th Sept., 1937. its own report on the subject to
Safe Deposit Boxes To Let. the Council,
KAN TONG PO.
Chief Manager.
The Council's next sitting will take place on Tuesday afternoon. Sitting of the committee for re- form of the League Covenant was fixed for the afternoon, at which Chile was to have brought forward a. proposal for consulting States: which are not members of the League.
MORE RECRUITS
London, Sept. 10.
FIVE PERFORMANCES
London, Sept. 10.. Twenty-two of the 27 starting planes finished the Dublin. eliminating und of the King's Cup air race.
miles per
Gard.
Up to the end of August 6,378 Captain E. W, Percival, smash- Various private discussions be more recruits have joined the Ter-ing all previous records. for the tween delegates to the League ritorial Army this year than in the race, averaged ́ ́ 223 took place yesterday morning on corresponding eight months of hour. Last year's winner, the subject of the Mediterranean 1936. The intake for the years toner, had an average of 213 mues Conference
date is 33,850 and the total
per hour. The previous record strength of officers and other ranks was 211 miles per hour! Transocean News Service.
on September 1 was 155,050, or Reuter.
15,000 more than a year
OPIUM OFFENCE
over
Bg0.
Reuter,
LOAN OVERSUBSCRIBED
Berlin. Sept. 10.
PREPAID FREIGHT CHARGES Berlin, Sept. 10.
In accordance with the decision of the East Asia Conference, Ger-
Part of the new force has been
A remand of 48 hours Wis ɛent to the Pelping area, and the In addition, the appointment of granted by His worship Mr. E. remaining troops will be sent à competent general manager at Himsworth on Saturday when Lo It is announced that the in- man shipping companies announce Bouthward along the Mentain- a higher salary from England. Sum was charged with possession ternal loan has been increased to that freight charges on Pukow line to
goods the Machang- Interchange of officers with other of prepared oplum and keeping an 850,000,000 marks owing to the shipped to the Far East henceforth Tangkuantun sector where the Colonial Tallways, and # far opfum divan, at No. 132 Nem original issue have been over be prepaid from the port of ship- Japanese have lost heavily during | greater expenditure on publicity are Chong Street second floor. six subscribed.--
|ment.--- last week-Central News.
advocated.
lamps and six pipes were seized. Reuter.
Reuter,