12
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers'
Association
Notausal
SATURDAY, SEPT. 18.
Súpra
Sain
Batyou
:-་
$1,550 Los
€15) £33į 216
$290 $350 32
3975
HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 20, 1937,
THE EXCHANGE
MARKET
MESSRS. ROZA BROS,
il
Saturday, Sept. 18. Silver prices were unchanged yesterday, the quotations remain ing at 20 for Ready and 191 for Forward. Silver advices reported India as having bought. A small business was done. The market was quiet. American Suver was quoted at 44 for Spot.
The London/New York cross- rate was higher at 496.40. "New York/London was quoted at 490.- 11/16.
$1,050 £35
.. Bazy
133
Do. (London) ........' Uhartered Banks...
g33
Mercantile Bks, "A"
LIB
Do.
8101
Bank of East Asia...
100
N. O. & S. Barky
Insurances
1300
Canton Laan?SOCO®.
$610
Union InsuraUCES
$2
Underwriters
1280
H.R. Firos..pone
$3
international Assos. *.
Shipping
Douglasen
1481
181
Steambts
$81
$51 $43
lado-China (pref.)
301
Do. (def.)
142
103/13 Shellaes i.·
1 39
19.30
$9.30
der.
15/0
$10)
Staubs
15:
848)
$
*
310
10 db
$32.8
$31
#341
31024
Waterboute
Mising
Kailang....
Venezuela Gold Fld+. $4.30
Docks, WharVOS,
Godowns, etc.
H.K. & K. Wharves.
Providents (old)
Do.
(now)
LK. & W. Docks
Shangrini Docks S.
Now Eagiaverings S.
Lands, Hotels, and
Bindings
H.K. Hotels
카
H.K Lands..........
Do. 4% Debentures
Shaugti Lända...8. Stotropolitan Lauda,
1.6. Realiešanas China Do .............................. D. Debentures 5.
Humphreys **** Chines Estatos.... Cotton" MEL
113.80 Bwo.....
S'hai Cottons(uld)S.
Du. (new).
36.90
11
·BJD
$1.
$80
jy
186
!!!
15/0. $11.45
$119 #2.20
50 eta $330
$100
13
$6.03
105 5102
$1.90
39
3134
190
83+
$40
$100
34
Zoong Sings.......
18
Wing On Textiles(8.)
Ewo Cotton Rt., S.
Pabile Utilities
114.60 Tramway
814
Poak Triam (ok!) ... 33
Du. (new)... A
198
Star Forries pano
185
$27
Yaunati Ferries .......
*27
$13.90
hins Lights (old).......
#13)
$13.70
Do. (new)...
109
H.K. Electrics
$13.30 $591
48
Macao do......
3,44
Sudakan Lighta ...
$29.00 Colophones (old)...
Caldbeck,
Canton Ices
$15.10 Coments
**
61.60 Do.
(new)...
29.40 $17.30
3124 China Buaus ....... 23/9
Tractions ***** Da (prof)...
24/
Industriala
$14
re
| Macgregors f(prod.18.
$2
-16
50.00
Hope .........
16,20
Miscellaneous
3263
Dairy Farta
'5.40
Ch. Etainmouta......
$26) $1.80
$1.60
31.00
rewi
$1
10.65
Lane Crawforda......
Nanyang Tubacou......
39.00
Biaceres
18.50 $8,80 >21
35.40
Warsong
S. C. Enterprises
$5.35
$1
#7
Ch.G. 5. 192544.6 Bİ
prem.%
H.K. Gort, 42Line|
Dɔ, 34%
$30
H.K Wing Ou (... ..! S'hai
'4)
Vibro Piling
105 3100 $4.90
(H.&.)]
3;-
Constractions, (old)51.80
Do.
Wallace Harper
23/9 Maremans Ir v. (Lon.)
Wm: Powells
•Sales to Shinghai
LONDON EXCHANGE RATES
(British Wireless Service).
Furis
Geneva
Berlin
Athens
Milan
Copenhagen
Sept. 15.
1462
Sept. 16 147)
21.541
12.331
21.582 12.341
94
94
4.95-7/10
Stockholm
Shanghal
New York
4.947
Amsterdam
8.097
9.00
Vienna
Prague
141}
1414
Madrid
Lisbon
Hong Kong
Bombay
Montreal
4.942
29.394
Brussels Yokohama Belgrade
Monte Video
OVH
Bucharest
Silver (Forward)
Silver (Spot)
War Loan
DA LONDON:----
19 13/16
19 15/16
35% 100%
Closing Quotations
September 18, 1837.
Telegraphic Transfer...
Back Bills, on demand 1/8
Oredits, four months'
right
ON SHANGHAI:-
4.95-7/16 29.441
191
20
MARKET
Quietly steady.
STERLING
PHILIPPINE MINING
NEWS
Marsman - Managed properties recently. The plant is now op- produced P¥13,338 during August, crating at around 700 tons a day, this figure to be stepped up soon. Twin Rivers is the only tailings
from
48,518 tons of ore treat- ed, according to reports made in the Marsman Magazine. The gold output is a gain of some 25 per cent over July, while the tonnage is 10 per cent higher than for the preceding month.
plant in the Islands, and treats tailings from Benguet Consolidat- ed. Balatoc, Bagulo Gold, Antamök Goldfelds, Itogon, Cal Horr.
Itogon treated 24,810 tons of ore. Dulangan Mining Interests Com- from which P297,839.24 was recov-pany has signed a contract with ered. Suyoc Consolidated produced J. B. Hoover for several hundred The P28.778.76. from 6,186 tons treat- feet of diamond drilling. ed. United Paracale established a
veins. opened by a 100-foot shaft, prospected at depth by new monthly record, with P191,- will be 853.71 produced from 9,482 tons drilling. as will several tunnels.. milled. San Maurielo treated 8,058 Trails are being cut to the drill tons of ore. and recoved P93.-sites, and work will begin as soon as the drill arrives at the island of Sibuyan, where the properities of the company are located.
Twin Rivers produced P33,318.98 during August,... It
was learned
There were sellers at 13 Sep-064.40. tember/November and 1/2 31/32 December. buyers at 1/3 1/32 Cash/November and 1/3 Decem- A small business was done nt 1/3 for 'December.
U.S. DOLLARS There were sellers at 31 1/16 September. 31 October, and 30 15/16 November/December, buyers at 311 Cash/September 31 1/16 October and 31 November/Decem- ber.
•
SHANGHAI DOLLÁRS 104! nominal
SHANGHAI MARKET
There were sellers of Sterling at 1/2 13/32. buyers at 1/2 7/16 for Spot. U.S. Dellars, sellers at 2013/16, buyers at 291 for Spot.
THE ART OF SELLING
Expert's Advice To Young Drapers
All customers. both good and bad, should be treated as honoured guests, sald M. Percy A. Best at the Summer School of the Drapers': Chamber of Trade at Oxford re- cently.
Mr. Best, discussing mean and difficult customers, warned stu- dents that they would be unjustly treated at times, but he urged them never to meet rudeness with rudeness,,
he
SHOCK-ABSORBING RAIL WAGONS
The London, Midland and Scot- tish Railway are proposing to in- troduce a fleet of shock-absorbing wagons for the better protection of goods carried on their system.
One of these wagons, designed by the LM.S. Chief Mechanical Engineer, Mr. W.A. Stanier, in conjunction with the Chief Com. mercial Manager's Research Sec- tion, was successfully tested re- cently at St. Pancras. It is the Ars of an order, of 100, which are to be constructed at Derby. They will be used for the conveyance of such breakable goods as glass in crates, earthenware, and tiles.
An Ingenious springing arrange- ment enables the body of the body of the shock-absorbing wagan the chassis, and additional protection is given by special shock-absorbing, buffers
to "float" on
CAR AGE
AND CAR
ACCIDENTS
THE DANGER" PERÍOD
3
The shock-absorbing element con- sists 01 two sets of horizontal, India-rubber springs, forming cuffer arrangement between the wagon body and the chassis, on which it rides. and four sets of horizontal rubber springs, which are attached to the chassis and uath the same way.
of tests carried The sequence out recently revealed the superio- rity of the new wagon over the standard wagon in its ability to absorb shock. Special recording instruments were used, and in che test the special wagon absorbed the shock so well thas no Agure was recorded on the graph.
An L.M.S. official described the result of the tests as "extremely satisfactory," adding that the new wagons should greatly reduce the losses suffered by damage to goods in transit.
JOHN AMERY'S BANKRUPTCY
Discharge Refused
John Amery, aged 24, of Ditton Lodge, Maidenhead-court, Maiden- head, son of Mr. L. 9.-Amery, ap- plied to Judge Cotes-Freedy; at Windsor County Court recently for ac-his discharge from bankruptcy. He
was described as a film director.
been
to
"Just treat these difficult custo- mera as pathological cases." said. "Never be afraid of the one So far no attempt has exceptionally mean customer who been made in this country
ear age with car will always try to take advantage correlate of you and try to get something cidents: yet the idea prevails that, to which she is not entitled." generally speaking, the older the Mr. Best said it was important car the more liable to accident it that they should know something will be. One frequently hears de- about the goods they had to sell.
mands that the roads shall be
old cars In this age of fashion it was not cleared of
for safety's necessary to know all about stress sake, and the impression seems and strain,, or about how many
to be widely held that, with a few threads there were to an inch.
exceptions, no 'old car cah possibly be safe, writes the "Morning Post "In the old days, when I was an apprentice," he went on. "custom motoring correspondent.
90% ES used to pull vigorously at 11084 material and ask. Does it wear?" $101 Nowadaya fashion rightness
J
40 our
31% 100-7/18
US NEW YORK:—
Bank Bills, on demand 30% Credita, 60 days' sight. 311 ON BATAVIA
On demand
everything.
18
SCARCITY OF ASSISTANTS "Furthermore, you must try to help a customer, even if you have not what he or she require. When you have not got what the cus- tomer asks" for. It is all wrong simply to say, 'We have not got it. This is what we have as much as to say. take it or leave it. You must do all you can to help cus- tomers to get just what they want."
Mr. Best, referring to the dll- fculty of obtaining a sufficient supply of the right type of drapery
assistants, said that in his ap- prentice days members of the trade came from "nice middle-class families." for there were not so many openings for children as now.
On
The application was opposed by the Official Receiver. Mr. J. Bruce Simmons, who aald Amery became insolvent last autumn. his bi- ties totalling £5.081, with assets
nil.
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA.
BANKING CORPORATION
Authorised Capital $50,000,000 Issued & Fully Paid-Up 820,000,000" Reserve Funds:-
£ 6,500,000 Sterling
Hong Kong Currency
Reserve Reserve Liability of
Proprietors
AUSTRALIA AND CHINA Ineoporated by Royal Charter 1853
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2,
..$10,000,000 | Paid-up Capital............................................... £3.000.000
Reserve Fund ........
............. £3.000.000 .$90,000,000 | Reserva Liability of Pro-
prietors
£3.000.000
MANCHESTER' BRANCH: 71; Mosley Street, Manchester.
Head Office:-HONG KONG
Board of Directora. U Miskin, Esq.,
Chairman. Hon. Mr. M. T. Johnson,
Deputy Chairman.
L
J. K. Bousfeld, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq.,'
J. R. Manson, Esq.,
K. S. Morrison, Esq..
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq.,
A L. Shields, Esq.,
Sir Vaudelaur M. Grayburn,
Chief Manager.
Amoy
Bangkok
Batavia Bombay Calcutta Canton Chafoo
Colombo Dairon Foochow
Saigon
Branches:--
Iloilo
Peiping
1poh
Penang
Johore
Rangoon
Robe
Kowloon Kuala
Lumpur Shanghai
London
Lyons
Malacca
Haiphong Manila Hamburg Muar. Hankow Farbin Boogkew
Current
San Fran-
cisco
Singapore
Sourabaya Sungei
Pataui
Tientsin"
(Johore) Tokyo' Mukden Tsingtao New York Yokohama
io
Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and terms which will be Sterling on quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 12th May, 1037.
BONG KONG SAVINGS BANK
..
THE Business of the above Bank is conducted by the HONG 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.
5,598,600.00
AGENCIES AND BRANCHES: ALOE BTAR ILOILO AMRITSAR XPOR BANGKOK KARACHI
BATAVIA BOMBAY
KLANG IOSE
CALCUTTA KUALA CANTON
LUHPUX
KUCHING
MADRAS
CAWNPURE
CBE
COLOMBO MANILA
SAIGON BEMARANG
BEREMBAN
SHANGHAI
SINGAPOZA
MITIAWAN
BOURABATA
(Bhuket)
爽
TAIPING
TIENTSIX
TONGKAH
DELEI
MEDAN
KAIPHONG
NEW YORK
TSINGTAO
HAMDURG
PIPING"
YOKOHAMA
BANKOW
HARBIN
(Peking) zamBOANGA
PENANG
HƯNG BOND BARTOON
叫
FOREIGN EXCHANGE and Genera) Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One raten Year or shorter periods at which will be quoted on applies- tjon.
The Bank's Head' Office in Lea don undertakes Executor & Truste business, and claims recovery .of British Income Tax overpaid, on 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, PINE STREET,
NEW YORK.
An 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 CHABE NATIONAL Bank, NIW Your, with Resources over U.S. $2,300,000,000,
D. M. BIGGAR
'Manager.
LIMITED
Authorized Capital ...$10,000,000.00 THE YOKOHAMA SPECIE BANK Paid-up Capital....... Reserve and Undivided
Profite
HEAD OFFICE-HONG KONG he had the effrontery to ask for No. 10, Des Voeux Road, Central. his discharge. In his public ex-
Now, within a few weeks of the closing of his public examination,
2,774,726.76 Capital (fully paid up)
Yen 100,000,000.00 Yon 134,400,000.00
Board of Directora
Sir Shouson Chew, Chairman Li Koon Choa, Esq. Li Lan Sang, Esq. F. K. Kwok, Esq. Wong ChuSon, eq Wong YunTong,sq. Kan Ying Po, Esq.
Funging Wah, Chan Ching Shek.
Esq.
Esq.
Kan Tong Po, Esq., Chief Manager. Li Too Fong, Esq., Manager.
Reserve Fund
***
HEAD OFFICE:—YOKOHAMA
BRANCHES AND AGENDIES TH Alexandria Honolulu Bangkok Hainking Batavia Berlin Bombay Caloutta Canton
Karachi Kobe London
Bangoon
Bio do
Jansiró Зад
Francisco
Los Angeles Seatția
Semarang Shanghai
Manila Moji
(Dalny) Nagasaki Singapors
Soerabaya
(Mukdea) New York Sydney.
Dairen
Branches and Agencies :-
Amoy Batavia Bonbey
Kowloon Penang
Sourabay
Fengtian
Nagoya
Loudea Langua
Swatow
Manila
Devika
Paris
Meigan Melbourne San Fran NARARK
Tiantaiz New York Seattle Tokyo.
Semarangi
Vancouver Shanghai Tokohama
Syday
Thou
Hamburg Osaka
Tientain
eisoe
Hankow Otar
Harbin
Paris
Tokyo Tsingtao
Hong KongPeiping Vinkow
Paping
nesporn
Deposits received for Fixed
application.
Interest allowed on Current Ac ants,
This view is not borne out by amination he admitted that he some American statistics which went into film producing at the have been quoted in the trade age of 15, and several companies he promoted were failures. His journal "Motor Commerce," the contrary, these statistes sug last attempt was to float a £100.- gest that the one-year-old car is 000 company
To do this he travelled about the the most liable to be involved in an accident, and that very. old Continent, staying at the best cars are relatively safe. This is hotels and entertaining lavishly in an unexpected result: yet the the hope of getting people interest-
the compiled by ed in the proposition. All this was, Agures were Washington State authorities, and done at the expense of his credi- show the relationship between cars tors. registered and numbers of accl-
Looking at it as an ordinary cotta
Canton dents or vehicles up to nine years commercial transaction. It
was Haiphong
Bankow old.
Honolula nothing more, than a gamble with borrowed capital. In
addition o Amery had contributed to his bankruptcy by rash and hazardous and Exchange business transacted; Periods at rates to be obtained on
Every description of Banking speculation and by unjustifiable Loans grunted on approved extravagance in living,
Y. KANO, AT CREDITORS' EXPENSE
Current Accounts opened in
Manager Local Currency and Fixed De Hong Kong, 11th Bept., 1937, The objection to the discharge pesits received for one year or and was supported by Mr. J. Goldman,shorter periods in Local for the trustee in bankruptcy. He Foreign Currencies on terms which Bald Amery was a young man who will be quoted on application. was not a fool, but very quick- Safe Deposit Boxes To Let
KAN TONG FO. witted, and had embarked on an
Chief Manager. extravagant career at the expense of creditors.. It seemed to be a case with him, of "Heads I win, talls you lose."
the
GNE-YEAR CAR'S RECORD. One-year cars, although they re- present less than 15 per cent of vehicles registered, were in more than 21 per cent, of the ac- cidents. This is by far the worst Ogure. Next come the two-year- old and next the four-year-old
The result was that the cara.
distributive trade had a very good class of employee. To-day, however, they were fighting against con- ditions which were not attracting the best type of assistant.
After that the older cars
seem to maintain a high degree of safety. The safest times of all appear to be when the car is new; when it is three years old and when it is five years old.
Before any deânite conclusions could be drawn from such statis- tics, a great deal of additional in- one formation would have to be obtain.
Mr. F. E Herrin (London) sald he had had his name on the books of an employment bureau for two months without receiving
Mr. A. Chinner, for Amery, said: satisfactory reply: He had had toed about their compilation. But "This young man unfortunately ask two of his ex-assistants, who this suggested "danger" period, at got in with a set who traded on one year, provides matter for in his name, and the names of his had, left him to be married, to
teresting speculation. It seems to parents when he was still a minor. come back and fill vacancies.
The very girls he wanted were me that the reason is more likely He had entered the cinematograph flocking into factories: yet he con- to lie in the driver's attitude to-bustriess, which was a gamble from
dered that conditions in his shop wards the car than in the car itself. beginning to end." were just as good as, if not better than, those in the factory.
THE SMALL BUSINESS
At one year most cars are run- Amery told the Judge he wanted ning at their best. The engines to make money, but he had no are run in and everything is nice- hope of doing so until he obtained Mr. E. W. Busby (Bradford) y bedded down. But it may be his discharge. He was anxious to said that a privately-owned, small that by then the driver is less make a fresh start and pay back business, with active, well-conscious of glistening paintwork ali be owed: " respected man at its head, could and a trife less careful to pre- serve it, while at the same time hold its own against the big firms,
In Nottingham and Leicester, hehe realises that he can now make sald, employment was regular and calls upon the-full-performance there was no "swank."'All the of the car,
an
661
1/31
ON PARIN:-
Bank Bills, on 'demand 885 Credits, 4 month's sight 945:
On Demand
1021
ON B&IGON: ---
ON SINGAPO2":-
On demand... 89.
On demand
621
OX MANILA:-
On demand
On JAPAN:
On Banaxor-
On demand
too
On demand
Bovansions. Bank Buying
Rate BAR BILTIL DAY ON-
st
14P
1/31/18
20
ble tnortgages on them Mortgages Ing power everywhere
Tel-graphic Transtar... 382
Baek, oo “demand-----
familles were wage-earners, and
people were satisfied with reason-
The Judge said it was not uncom- mon in these days for young men. to indulge in heavy business trans- actions and to live lavishly. He- thought he was right in refusing the application, but Amery could apply for a discharge in three
able houses instead of houses with were a tremendous drag on spend years' time if his conduct continued
to be satisfactory.
securities.
H. K. STOCK ·
EXCHANGE
SATURDAY'S OFFICIAL QUOTATIONS
The market was quietly steady. Douglases, $481. Indo-Chinas (Pref.), $51. Indo-Chinas (Def.), $43, Union Waterboats, $9.30. Chinese Estates, 388 X.Div. Peak Trams (old),$5. Peak Trams' (new). $24 Wm. Powell, Ltd., 40, cts. Constructions (old), $1.60.
FLAX GROWING AT SANDRINGHAM
To Be Revived On Large Scale
a
The cultivaten of flax on large scale at Sandringham, which during the past eighteen months has been less actively pursued, 'is to be revived by the King.
A considerable quantity of the linen used at Bandringham and Buckingham Palace is manufac- tured from flax grown"in Norfolk.
It is nnderstood that steps, are to be taken to increase the acreage in East Anglia as well as in Scot- land,
It is probable that the scheme" proposed some time ago to erect a.. factory for deseeding and pro- cessing the flax grown locally will be proceeded with and that fax- growing may become an important ILK. Govt. 31% Loan, 14% Prm. Industry in the Eastern counties.
Constructions (new); $1.