ÖNSTER
Blanks
$1,650 H.K. Banks
23.
12
DAILY SHARE QUOTATIONS
Hong Kong Stork
Exchange
Sharebrokers'
4.
Association
THURSDAY,
SEPT.
Jaloo Koala
(Theongh Reuter's Service)
QUOTATIONS
Last
A
EUR
2131
353
Bo. (London) ... Uhartered Banks ....... Morcantile Bas. "A"
I d
2131
High Low Close Close
4.95) 4.05 8:88 8,87 8.81 8.50 1868 18,09 18.45
18.55
233
100 104 108
1081
£10
Stol
1200
Canton InverACCON
#810
Union Insurances ..
در
Do.
Bank of East Asia...
N. C. & S. Banks
Insurances
Underwriters
215
199 $21
63) 104
6
651
123 123)
193
441
443
......
BROO 1680 12
158.se
1280
H.K. Firs
$276.
$3
International Aance, S.
49.31
24.83
Shipping
Donglares
$48
Quiet
$31
Steambas
$84
98.37
98.33 Commodity Index 62.46
81.8 Business Done:—740,000 shares.
561
Indo-Chinas (pref)
743
Do.
(dof.)
$51 342
Lost.
Shell
137-
Btocka
16.30
Waterboata
19.30
+
Mining
∙15/74
Kailaus
་་་
$101
15
Venezuola Gold Flii-.{ #4,30)
Docks, WharVES,
Godowns, etc.
1:20.
H.KA K. Wharves.
19
Adams. Express ....... Allis Chalmers Amer, Can ... 4m. Car & Foundry Amer. Cyanamid Amer. For. Power 51 Amer. & For. 17 p.
Lust Bale Sept. 21 22
141 14 511 57' 981
971
Humble Ou ............
283
284
Int. Nickel
51
Int. Tel. & Tel........
361
361
1. Dept Stores
Providents (okly
#2 20
Amer. Locomotive
301
30
Kennecott Copper
Do (new)}
150 ata
Amer. Metals
414
431
Lambert Corpn.
$32.8
1.K. & W. Docks
$320
Amer. Radiator..
18
151
Loewis Inc. ........
Sind
231
New Engineerings 6.
Shangosi Docks S.
$100
13
"Amer Rolling Mill,
311
321
Louillard
Lands, Hotels, and
Amer. Smelting.....
722
731
McLatyre Porcupine
agi dings
Amer. Steel Fdries... Amer.. Sugar
McKesson & Robbins 393
361
36+
Monsanto Chemical 86.
c.p
H.K, Hotele
$6.63
Amer. Tel. & Tel... 160
[61
Montgomery Ward
$31
H.K Lands... $.
$35
!!
34
$23| Do. 4% Dobentarea
1610
Shanghai Lands...S. Metropolitan Lauda..
HK Kelties..........
Chins Dud
Do. Detenta045.|
Humphreys
China Esco
Cotton Mill
$13.60 EwoH
10 Shar Cottons(uld)3.
Do. (new
Zoong Sings ......
Wing On Textile S.)
$102
Amer, Tobacco "B" 75
75
Murray Corpn.
$5.00
IN THE AFTERNOON The market was quiet in the afternoon and no business was re- ported.
Amer. Waterworks
151
14)
Nat Cash Registor.. 20
Anaconda Copper
415
421
Nat Dairy Products" 17
Atchison, T. & S. Fe.
601
611
Nat Distillers
Atlantic Refining
25
Nat Power & Light
-
$131
190
234
$40
Pabile Utilities
$14.6% Tramways ...
$13.70
Yaumati Forrias
$13,90 China Lights (old)
Do. (new)
150
4.K. Eletrica
Ewo Cotton R. S
$14
and probably
Peak Trains (old)..... $
15/16 January.
Do. (now,
$24
180
Star Ferries abo
185
327
#13
$13.30
389
STERLING
There were sellers at 1/3 Sep- tember-December, buyers at 1/3 1:32 for any delivery.
U.S. DOLLARS
There were sellers at 31 Septem- ber. 30 15/16 October, 30 7/8! November-January. buyers at 31 1/16 Cash, 31 November-December
October
Atlas Corpn.
130
133
New York Central
Auburn Motors
131"
14)
Niagara Hudson P.
Baldwin Locomotive,
Corpn.
#7 cum. pf. .......
North American
Baltimore & Ohio..
192
191
Northern Pacific
Barnsdall Qil
191
191
Pacific Gas & Elec.
Benalx Aviation
Pacific Lighting
Bethlehem Steel
746
75
Packard Motors ......
Boeing Airplane
201
.25
Paramount
and 30
Borden Co. Briggs
212
22
Pennsylvania RR.
M'Tacturing 364
361
Phelps Dodge
Brooklyn-Manhattan
Phillipa Petroleum
Trans
14
134
Public Service of N.J.
*184
Macao do
1:45
Sandakan bights
129 40
Telephones (old)
$20.40
51.60
Do (new)...!
# 1.30
$124
China Buses ......!
23/0
Tractions
24/-
H.. K. STOCK
EXCHANGE
YESTERDAY'S.
OFFICIAL
Brooklyn-Mannatian
Pullman Inc.
30 cum pt.
42
40
Pure Ou
Case, J.L
142
140
Radio Corpn of Am.
Canadian Pacific
10.
Republic Steel .................... 267
Celanese Corpa, "of
"
Reynolds Tobae. “B” 497
America
302
30%
St. Joseph Lead Co.
Cerro de Pasco
54
55
Schenley
CertainTeed P'ducts
Schenley 54% pt.
Chesapeake Corp. 103
101
Sears Roebuck
Do. (pref.)..
QUOTATIONS
Chesapeake & Ohio 35 •
87
Shell Union Oll
Industrials
Chrysler Corpn. ........
531
521
Socony-Vacuum
'$16
Caldbeck Yari? 7.
BIT
Macgregora fiprať.)8.
Canton Ices
82
The market was quietly steady.
BUYERS
Columbia Gas & El.
111
11
Southern Cal Edison 321
$15.30 Cemont-
Columbia 6 "A" pf. Commercial
21
2
Southern Paclac... 21
Credit 47
45
10
Douglases, $18.
Southern Hly 5% pt. 324
3.05
loper
Macellaneous
$5,20
Indo-China's (Pre), $51.
Commercial Solvents 328
.329
Stand Branda
Indo-China's (Def.), $43.
Commonwealth & 8.
124
128
Stand Gas & Elec.
128
Dairy Earras
I d
#241
5.20
Ch. Etainment......
$1,80
Union Waterboats, $9.30. Chinese Estates. $88.
Commonwealth
$8
Stand Gas & Elec.
HONG KONG DAILY PRESS. FRIDAY, SEPTEMBER 24, 1937.
THE EXCHANGE
MARKET
J
NEW YORK STOCK EXCHANGE
$1,550
20
15/7 $11.43
MESSES. KOZA BROS
Hong Kong, Sept. 23. Stiver prices rose 1/18 yester- day for both deliveries, the quota- tions being 19 7/8 for Ready and 19 3/4 for Forward. Sliver ad- vicea reported India as having bought and speculators as having sold. The market was quiet with |buyers satisfied. American Silver was unchanged at 44 3/4 for Spot.
The London-New York cross- rate was quoted at 495.30. New York-London was quoted at 495.
MARKET
STERLING
There were sellers at 1/3 Sep- tember-December, buyers at 1/3 1/32 for any delivery. No "busi- ness was reported.
U.S. DOLLARS
There were sellers at 31 Septem- ber. 30 15/16 October, 30 7/8 November-January, buyers at 31 1/16 Cash, 31 November-December and probably October and 30 15/18 January.
SHANGHAI DOLLARS 103 3/4 Nominal.
SHANGHAI MARKET
There were sellers of Sterling at 1/2 7/15. büyers at 1/2 15/32 for Spot. U.S. Dollars, sellers at 29 13/18, buyers at 29 7/3 for Spot, Market quiet.
New York: September 23.
New York/London Cross mate New York Coston-Dee. New York Rubber-Sept. Chicago Wheat --Sopt.. Chicago Corn -Sopt: Winnipeg Wheat-Oct. Silver Oficial
1936/7
High Low Dow Jones Averages, 194.40 160.01 30 Industrials
84.48 50.17 20 Rails 37.64 25.45 20 Utilities 106 89 29.64 40. Bords
82.44 55.58 11
BANKS
HONG KONG AND SHANGHAT THE CHARTERED BANK OF INDIA
BANKING CORPORATION-
Authorised Capital
||
....... 850,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:-
Sterling ....
Hong Kong Currency
Reserver
Reserve Liability of Proprietors ........
-£8,500,000
AUSTRALIA AND CHINA Into:pocaled by Royal Charter 1959
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2.
$10,000,000 [-paid-up Capital.
Reserve Fund.... $20,000,000) Reserve Liability of Pro-
Head Office:-HONG KONG
Board of Directora. G. Miskin, Esq.,
Deputy Chairman. Bousfield, Esq.,
A. H. Compton, Esq., S. E. Dodwell, Esq.,
J. B. Manson, Esq.,
prietors....
£4.000.000 £3.000.000
£3.000.000
MANCHESTER BRANCH: 71. Mosley Street, Manchester,
"
AGENCIES AND BRANCHES: ALOR STAR ILOILO
BAIGON AMRITSAR IFCH BANGKOK KARACHI
BATAVIA KLANG
CANTON
SEMARANG
BEREMBAN
SHANGHAI
BOMBAT CALCETTA
CONS
ECALA
SINGAPORS
BITIAWAN
LUMPUR
BOURABAYA
LAWNFORK
KUCHING
TAIPING
MADRAS
VIERTEIN
COLOMDO DELKI
MANILA
VORAKAN
MADAN
HAIPHONG
NEW YORK
TSINGTAO
HAMBURO
TRIPING
HANICK
BARLIN
Sir Vandeleur M. Grayburu,
Chief Manager.
Branches Hoilo Peiping
Kobe Kowloon San Fran- Kuala
cisco
Lumpur Shangbai London Singapore Lyons Sourabaya Malacca Sungei
Patani
Mukden Tsingtao
New York Yokohama
་་
Current Accounts oponed Local Currency and Fixed Deposits received for one year or shorter periods 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
HE Business of the above
TBank is conducted by the
HONG KONG SHANGHAI BANKING CORPORATION. Rules may be obtained on application,
For the HoxG KONG & SHANGHAL
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1837.
TOKOHAMA
(Peking) ABOANGA
PENANG
HÀNG LONG BẠN CUN
FOLLION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED LEPOSITS received for One Year Hor shorter periods at rates which will be quoted on applice tion.
The Bank's Head Office in Lan. don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Brauchen.
RW. ROBERTS,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Book offering com plete Foreign Banking Service in the principal Markets of the „ world.
Interest Bates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over U.S. $2,000,000,000."
D. M. BIGGAR,
Manager.
THE YOKOHAMA SPECIE BANK.
#
Today's
Changt
Avo
.0% off
un.cb.
off
n
off
unch.
Sept. 91. High Low Close Change
18889 158.55 157,45
Chairman.
43.60 41 42.37
26.00 21.46 24.58
89 up .09 up .05 oft .04 of .63 off
Hon. Mr. M. T. Johnson,
J.
must Sale
K. S. Morrison, Esq..
Stocks Great Northern Rly. 413 412 Great Western Bugai 31; 301 Holly Sugar Corpa
Sept. 21 22
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq.,
A. L. Shields, Esq
(Bhuket)
72
54:
B
72 10 544
Amoy
17
174
811
50
Bangkok
Itatavia
Ipoh Johore
10+ 101
Bombay
Pening "Rangoon
Saigon
71.
721
Calcutta
191
20
Canton
Chefoo
391
Colombo
Dairen
91
Foochow
191
483
Haiphong Manila
73
73
Hamburg Muar
Tientsin
22
Hankow (Johore) Tokyo
171
Harbin
271
281
Hongkaw
33
81
283
29
in
...
101
11
22
221
211
211
281
281
39
39
T
73
1341
130 *
325 32
38.
491 491 371
-15%
15%
91
91
27
50
354
36
89 * 89 *.
782
*78.
201
213
181
188
33
21
31
104
11
BANK OF EAST ASIA, LIMITED
cum. pf.
54
541
37 pf.
38 *
33
$1.00
Constructions, (old) .co.
Peak Trams, (Old), $5.
Consolidated Edison. 391
391
$1.00
Da
+1
1.88
Lane Crawfords................
Peak Trams (New), $21.
Consolidated O
.507
591
Standard O. 01. N.J. 58 Sterling Products
58)
Reserve and Undivided
T
63
633
Profita
Nanyang Tobacco..
8.20 $8.80
Wm. Powell Ltd., $0.40,
Continental Of
#1
61
Swift International 183
Authorised Capital ...$10,000,000,00 Paid-up Capital 5,598,600 00
2,770,728.78
181
LIMITED
Capital (fully paid up).
Yan 100,000,000.00 Reserve Fund.... Yen. 134,400,000.00
2.00
Bincares
+491
Constructions (Old), $1.80.
Corn. Products
41
4
Technicolor.
26+ 26
$5.40
Watsons
$4,35
Constructions (New), $1.
Curtiss Wright (C) 147
141
S. C. Enterpriwa.
$
H.K. Govt. 31% Loan, 11% Prm.
Curtiss Wright "A" 27
27
97%
Ch.G. 5, 1925 G.3 Biя.
85%
pren. 84%
H.B. Dort, 4% Chann
$100
· prez
Dc, 34%
8101
Delaware & Hudson 114 Del. Lackawanna &
Western
114
Co
Wallace Harper
169
H.K Wing Ou
106
S'hu Do
$100
L
Vibro Piling
$4.30
257-
Maramans I v. (Lon.)
Douglas Aircraft Du Pont
3.
(HK)
+
+10 stre
.
Althougn already
an
Electric Boat
W(13
Elec. Bond & Share
Elec. Bond & Share
35 pi.......
Eles. Bond & Share
Paris
Geneva
Berlin
Athens
Milan
Copenhagen
Sept. 21
145-3/10
SB f Elec Power & Light 157 Elec Power & Light
21,57
Stockholm
12.35
94-3/36
94-3/18
Shangha!
New York
4.95%
Amsterdam
B.972
1/2-5/16 4.95-5/16 8.971
Vienna
Prague
Madrid
Lalabon
Hong Kong
Bombay
Montreal
4.951
20.44
Belgrade
Monte Video
Rio
Bucharest
Silver (Forward)
Firestone Tire & R Fintrote
Gold Dust
Wm. Powella
Sales to Shrnghai
LONDON EXCHANGE RATES
Brussels
Yokohama
Silver" (Spot) War Loan
On LONDON:
(British Wireless Service)
19-11/16
19-13/10
Sept. 22 144-31/32 21.58 12.34)
4.952 29.431
393 187
34% 1001
31008
STEEL WIRE FOR Distillers Corpo Sex-
BRIDGE CABLES
wire-drawing established Industry at Tintern in Elizabethan- times, it was not until 1854, when James Horfall discovered the effect of controlled rate of. cocling and invented the process that is still Lnown in the trade as "patenting," that told-drawn steel wire came into general use for ropes-first for ploughing the land and event- ually for the cables of the world's greatest bridges
wire.
The "patenting" process produces in the steel an exceedingly fine sorbitic structure of remarkable ductility that facilitates cold-draw- ing and thereby enables great tensile strength to be gained in association with the toughness that is characteristic of roping Nearly all steel wire that is now used in ropes and in bridge cables is cold-drawn with a num- ber of passes after some form of patenting process, and the effects of different combinations of the two stages of manufacture have been the subject of a great deal of experimental study. Results that appear superficially similar may be obtained in different
grama
Gen, Asphalt Gen. Cigar Gen. Electric Gen. Foods Gen. Motors
Gen. Rallway Bigna! 30 Gillette Safety Razor Glidden
Goodrich $5 pf. Goodrich (B.F.)
Goodyear
Kowloon Pening Bourabays
Lender
Rangoon
Balgoo
Accounts
alano
Awalow
Sydney
Tiantain •
Tokyo
Every description of Hanking and Exchange business transacted, Loans granted ол...
approved securities. 891
Current
opened" in De. Local Currency and Fixed posits received for one year or shorter periods in Local and Foreign Currencies on terms which will be quoted on application. Bate Deposit Boxes To Let
KAN TONG PO.
Chief Manager.
Warner Bros Plet,'...' 114 312 Westinghouse Elec. 1241122) Youngstown Sheet
PHILIPPINE MINING
NEWS
(Dalby) Nagasaki Singapore
Fenghien Nagoya
(Mukden) New York Sydney..
Hankow Otara
Harbin Paris
Bong KongPeiping
Interest allowed on Current Ar- Count.
Deposits received for Fixed Perioda at rates to be obtained on application.
Y. KANO,
Manager. Hong Kong, 11th Sept., 1937,
FRENCH BUDGET
Paris, Sept. 22. The araft for the French State Budget for 1938, copies of which. have already been distributed to aging. The compay will develope Deputies, foresees a surplus cf 47 lade gold claims. It is capitalized 1960 million franca. at P200,000. The board of directors According to informed circles it are Calicano Apacible, president; is intended to use one miliard of Jose Zulueta vice President; Con- this sum for the purpose of in solacion. Blagulan; treasurer; Gull-creasing the salaries of" the State lermo Villanueva, Vicente Legarda, omcials, so that they will corres- Nene Apacible Limjap. Dr. Lulspond to the increased cost of liv- ways with more or less drastic Balatoc Mining Company will property. Clifton W. Livingston, Guerrero, members, and Consuelong, and the remainder is to be pay a dividend of 240 per share mining engineer who made a thor-Gonzales Precilla is the secretary. used to cover special expentitures larger numbers of passes through on September 30, to shareholders ough Inspection of the claims has Luzon Consulidated Mines Com- for armaments.—” dies; and a certain amount of of record at the close of business advised the management to start pany, Inc., announces that ship-Transocean News Service Bank Bille, on demand 3011/10 bridge wire in recent years has on September 20, it was announ- tunnelling work as soon as possi-ment of 1,000 tons of chromite ore Credite, 60 days' "right. 31 2/16 been heat-treated still more dras-ced yesterday following a directors' ble. Alfonso D. Precilla, general abroad has been postponed due to ON BATAVIA:-
tically, by quenching in an oil meeting. A stock dividend of 50 manager, told the Bulletin that bad weather conditions and jack On demand ON PARIE:-
bath, to give the full tenalle per cent will be issued on October the completion of the provincial of ship bottoms according to Di Bank Bills, on demand 692
strength required without any sub-1 to stockholders of record as of road leading to the property of AB. Miranda, acting secretary- Credits, 4 month's sight 960
sequent reduction of cross-sectional. Beptember 17...........'
the company in Lacub offers better treasurer. Mr. Miranda declared area "by cold-drawing, Wire, that Benguet Consolidated. directors transportation facilities and that that in spite of weather conditions, has been hardened in this manner, will meet this morning to declare an extensive development pro- work on the mines and the block- by oil-quenching instead of by cold the regular third quarter dividend. gramme will start soon.
ing of ore for transportation to drawing after, patenting, is known it was announced
Exploration work on the various the wharf has been going on in-..
Closing Quotations
September 21, 1937.
Telegraphic Transfer...
Back Bille, on demand 127
Oredita, four months'
sight
ON NEW YORK:-
1/3
ON SHANGHAI:-
On Demand
1091
ON, SAIGON
ON SINGAPORN;—
On demand
521
On demand: OF MANILA
Op-JAPAN
On demand 100
INDIA Telegraphic Transfor...
Bank. on demand .......................
| ដទ
n
On demand ......................... §14. ON BANGIO:-
On demand
140 BOTERSIONS Bank Buring.
Babe
........................1/31/16 BAB BILTIL. De 0 en 191 ́
cooling followed
by fewer OF
'as "heat-treated" and has been Arra Consolidated Mines Com-claims has been going on smoothly,tensively. The shipment of chro- used to some extent in important pany. Inc., has adopted a con-Mr. Precilla declared, and accord-mite ore to be made at the end | suspension bridges in the United structive programme to speed up ing to the field superintendent, of the month will be the 7th
states.
the development of ita Lacub, Abra, the result of the work is encour-'shipment abroad:·
KEICHSMARK
quoted.
QUOTATIONS
Berlin, Sept. 22 The Reichsmark WELD without guarantee, ati
·New York, 40.125. Paris, 1178- Amsterdam, 72.675 London, 12.35 Paris Sterling, 144.75.to Paris U.8. dollars, 29.54 to
29.56. Transocean News Service.
145
106)
110
Texas Gulf sulphur 34 Tidewater Assoc. Oll 17 Timken-Detroit Axle 197 Transamerica. 20th Cent. Fox Films 301 20th Cent. Fox Films
341
IISAD OFFICEHONG KONG No. 10, Des Voeux Boad, Central.
171 193
137
14 301
17 171 40 351 1481 1491
pf.
37
38 *
Un. Carbide & Car-
bon
881
89
154
16
Un. Pacife.
10G 106
B1
aj
United Aircraft
231
224
Li Tse Fong, Esqi, Manager.
Board of Directors:-'
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGËNGIES AT: Alexandria Honolulu
Sir Shouson Chow, Chairman Li Koon Chan, Esq. Li Lan Sang, Esq. Bangkok Hainking
P. K. Kwok, sq. WongChuSon, q- Batoris Wong Yun Tong, sq. Kan Ying Pu. Esq Berlin Chan Ching Shok.
Kan Tung Po, Esq., Chief Manager.
Un. Airline Trans-
57
56 *
port
Branches and Agencies :-
124
113
United Corpn."
Amoy
41
63
62 *
United
Corpn.
$5
Estaria
36
351
Bombay
Manila
151
cum pt.
Onostia
Melbourne Bax Fran
Taikoku
113
Un. Gas Tprovem't
Cantua 112
Sagunaki
Haiphong
New York
SeactJe
601
59
Uh Light & power
MAK
44 51
Hankow
Honolvin PAL
Onka
Semarang) Yaoover
Bangoon
Rio do
Karachi
Janeirg
Bag.
Fong PingWab,
London Esq. Bombay
Kobe
Francisco
Calcutta
Los Angeles Seattle
Canton
Alanils
Semarang
Dairan:
Moji
Shanghai
Soorabaya
Hamburg Ceaks
||
Tientsia
Tokyo
Tsingtao Tinkow
Shanghai Yokohama
Kobe
Paping
... Igapore
US Industrial Alco-
hol
201
203
US
Rubber
281
281*
U #
351
341
274*. 28 414 42 Rubber $8 pt. 767 773 CB. Steel
50%
502
Vanadium
881 25
25
-29$
331
341
32 *
32 ▾
& Tube
28
288
72
70.*
312.
317
631 34 Chase National Bk 421* 42 *
364* Sational City Bank 374" Call Monty, 2000:
146
1%
í éx, diy,
* Bid