12
DAILY SHARE QUOTATIONS
Hong Kong Stock"
Exchange
Sharebrokers'
Association
Noncinsi
SATURDAY. OCTOBER. H.
Bank
$1,583
£13
£33
EIL
130
Buyer
Sere
NMASINA
*********) $1,565;
*44
£13
£33
2154
191
H.K. Banks
Do. (London) Chartered Banks Mercantile Bks.
Do.
Bank of East Asia.. N. C. & S. Barks ...
Union Insarnoem... 35224
| laternational Anson, S. E.
1950
Th
12
230/30
348)
$145
$200
Canton InsurancOS „
на
$52%
$595
313
Underwritora
1230
H.K. Fires.
Shipping
#481 Douglasea
ཚ
$91
$61 143
39/9
Sheila
10.30
Waterbost
15/-
Kailans
Sto
Sbeambaba
Indo-Chinas (pref.)
Do. (def.)
Mining
laubs.....
Yeticzacht uuld Fida.
Docks, WhatVOS,
Godowns, etc.
$113
H.K. & K. W1152954.
12
Provideata (okl...
40 cta.
::
iiii
Do. (new) 15 ois,120 sta
420 H.K. & W. Docks $381
New Engineerings 8.
8.
******
!!!
151
$43
98/9
19.30
15/0
$81* $4.40.
HONG KONG DAILY PRESS. MONDAY, OCTOBER 11, 1937.
A. K. STOCK
EXCHANGE
SATURDAY'S
OFFICIAL QUOTATIONS
The murket was quietly steady. BUYERS
Hong Kong Bank, $1570. Canton Ins., $245.
Union Ins.. $322.
Indo-Chinas (Pref), $51. Indo-Chinas (Def), $43," Providents (Old), $3. H. & S. Hotels, $5. H.K. Lands, $30.
H.K. Realties, $41 HK. Tramways, $13.
Peak Trams (Old), $5, Peak Trams (New), $2). Yaumati Ferries, $22 HK. Electrics, $54. Telephones (Old), $24), Cements, $12.10.
Dairy Farms, $34.70. Wm. Powell, Ltd., $0.40. Wing On Textiles. $28. Marsmans (HK.) s/-, 4/~
SELLERS
HK Steamboats, $91 Providents (New), $0.40.
SALES
$113
-1.971/12
Shangasi Dock
$100
$3
Lands, Hotels, and
Hong Kong Bank..$1565. Canton Ins, $250.
Buildings
Union Ins. $525.
36
H.K. Hotels
Providents (Old). $2.
$15.08
F34)
H.K Lands....8. 130
HK. Electrics, $54.
$100
Do. 4% Debentures
$102
Shanghai Lands....
Metropolitan Lands..
H.K. Renities... 84.60
Chias Dụời
Do. Debentures.
$84
Humphreys
181
186
Chiacse Extates...
Colton MLM
(new)S.
มะ
324
***
Ewon
Shina Cottons(old)S.)
1.
Zong Sings
Wiak Un Textilos(S.)
Ewa Cotton Hts. S.
354
312.10
124.70
⠀⠀⠀⠀ i
::
i i
Parts
Geneva
Berlin
Athens
Milari
$13
$90
334
$40
Telephones (Old), $24.60/75. Telephones (New), $8. Dalry Farms, $24)
THE EXCHANGE
MARKET
PHILIPPINE MINING
NEWS
Mineral Resources started opera-
river. The total approximate
ting its new mil in Marinduque value of the ore along the river on a 24-hour basis recently. The is estimated at P1,500,000. This the mechanical operation of the new excludes the possibility of
at the plant has been found satisfactory, areas outside the course I was learned.
river. Parcale-Mapalad Mining Com- Coco Grave, Ing. will launch its pany, Inc., announced recently that second, dredge, officials of Maramian managers of the sne premiary report of Arcadio | and Company, Mendoza, field superintendent, on | company, announced recently, the present development of the Stockholders and the public are. Dagagn group in Paracale-Mam- invited to attend the affair: a bulao district is encouraging. The buffet breakfast will be served
after the work, which has been confined to
big dredge has been surveying trenching, test pits and launched. open cuts, indicates that in the
The dredge was completed some. seven tunnels which are being driv-10 days ahead of schedule, and it
ters
board of
will be towed to Paracale imme- diately where gold-saving equip- ment will be installed. Each of the two new dredges will have a'capa.
is
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital $60,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds; ——
Sterling
AUSTRALIA AND CHINA -- nesporated by Rayal Charter 1953
HEAD OFFICE: LONDON: 38, Bishopsgate E.0.3.
£8,500,000
Hong Kong Currency
Reserve...
$10,000,000 | Fald-up Capital..
Reserve Fund
Reserve Liability of
Proprietora... .................$90,000,000 | Reserve Liability of Pro-
Head Office:-HONG KONG
Board of Directora. G. Miskin, Esq.,
Chairman Hon. Mr. M. T. Johnson,
Deputy Chairman,
J. K. Bousfield, Esq., A. H. Compton, 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,
Chiel Manager.
Branches:
Alboy
Iloilo
Peiping
Bangkok Batavia Bombay Calcutta
Ipoh
Penang
Johore Kobe Kowloon Kuala
Rangoon
Saigon
London
Lyons
Lampar Shanghai
Singapors Sourabaya
San Fran
cisco
en, several veins exist. The mem- bers of the board of directors plan to slok a shaft in order to facili-, tate extensive exploraton of the property: There are at present | city of 200,000 cubic yards of gravel more than 60 labourers working on
1 month. They were purchased the property.
from the Bacyrus-Erlę Company The propertly of Paracale-Mapa- | through the Manila Machinery lad Mining Company is located in and Supply Company, and were Dagang, Camarines Norts, one kilo-assembled in Manila by the Atlan- meter from Batobalari and 400 mes tie; Gulf and Pacife Company, of
road. from the provincial
which Sam Garmezy is chief en- Road is being constructed to con- gineer.
Pilon Geld Mining Association nect the property from the pro- vincial road. The Arm is capita
Canton conducting an extensive ex- lized at P1,00,000. The officers are pleration and prospecting pro- Chafoo Reverend Dalmacio Asis, general gramme on its 25 copper lode claims Colombo
Dairen manager; Reverend Augurio in Talahib, Payapa, Batangas.
Foochow Malesta Sungei Quinto, Anancer: Angel de Leon | Batangas, Dr. R. C. Donato, secre-
Fatani Haiphong Manila Ramirez, secretary-treasurer; and tary-treasurer of the association Hamburg Muar Tientsin Carlos G. Jacobo, member. The has announced. Dr. Donato and Hankow (Johore) Tokyo
trustees are Dalmacie Juan D. Singson, mining engineer. Harbin
Mukden Tsingtao Ass. Augurio Gulato, Angel de have arrived from the property Hongkew
New York Yokohama Leon. Lorenzo Sumulong Carlos and recommended to the manage G. Jacobo and Cunrado Sollorano. ment that a systematic develop- The firm has its offices in the ment campaign be mapped out Monte de Piedad building.
to explore the property. Tambis Klondike Mines, Inc.. announces that applications for made. The now be company which is in process of Incorporation. will explore 78 pla- cer mining claims in Llanga, Suri- Kogakushi Etsu Shimidzu. 0. Consulting engineer, has estimated that the average yield per cubic meter in the enriched zone of the Property will be around P30 and that generally the yield will be P1.50 per cubic meter.
The engineer's report states that
ziver along the Hinatuan
the amount of workable ore is more than 3,000,000 tons, while the total area of the Mamis group contains 1,920.000 square meters. If the capacity of daily treatment is 1.000 tons, the engineer explained: 1 w!ll take more than 10
years
the of operation to treat 3.000.000 tons along the Hinatuan
MESSRS. ROZA BROS stock may
Saturday, Oct. 9.
Suver prices rose 1/16 yesterday for both deliveries, the quotations being 20 for Ready and 19 15/16 for Forward. Silver advices re- ported Speculators as having. bought. Offerings were small. The
Public Utilitie
Tramways
$13
Poak Trams (old)...| 151
Da (new)....12 60 Star Ferries
B0
Yaunti Ferries... 392)
Do.
(new)...
310
$54
#042
market was American Silver
E
Macao do.
47 for Spot.
0143
21.60/176
Telophones (old) ...
#24}
024)
Do.
(now)
China Blues......S.
23/0
fructions
24/6
1:
510.20 Chins Lights (old)... #10
H.K. Electrica
Sandakan Lights ...
1
$193
Macgregora ftprof.18.
$3.80
Do. (pref.).
Industrials
Caldbeck, ord. R.
Canton Ious.
Cements
Kopes
Miscellaneous
Dairy Farms...
Constractions, (old) $1.50
Do.
Nanyang Tobacco...
Sinceresoon
Watsons**
$242
$941
3243
'6
Ch. Etainocuts...
$3,36
$1.60
$1.00
(new) $1
JA
Lane Crawfords......
$2
18,00
$1.10
$4
81
prez. 71% pren.
S. C. Enterprises... Ch.6.621925 G. Bda. 11.5. Govt. 4% Lus
$1
80%
3%
$107 $102
16
345
Do. Wallace Carper ... $40K Wing On
8❜bal Do.
Vibro Piling.......... 23/0-Maramana Inv. (Lon.) (EL.K.)
Wm. Powells
•Sales to Shanghai
145 ct
LONDON EXCHANGE RATES
Copenhagen
13.
(British Wireless Service)
Oct. a
Oct. 1
150-1:10
1502
1.56
21.521
12.34
12.331
94 16
041
4.93-7/16 8.061
141-9/16
Stockholm
Shanghal
New York
4.951
Amsterdam
8.951
Vienna
Trague
1418
Madrid
Labon
Hong Kong
Bombay
Montreal
4.951
Brussels
29.42
4.051 29.401
Yokohama
Belgrade
Monte Video
Rio ......
Bucharest
Silver (Forward)
Silver (Spot)
War Ioan
On LONDON!--
19-13/16 19-15/16
3 1011
19-13/16 194 34% 1001
Closing Quotations
· October 8, 1937. Os New foaK:---
350
Bank Billa, on demand 2011/16 Credits, 60 days' sight. 31 9/18 ON BATAVIA
On demand............................................ 55 5/16 ON PANIS:-
Bank Bills, on demand 920 Credits, 4 mouth's sight 990 O'N SALGON :-
811
Telegraphic Transtar... Bank Bille, on demand 1,27 Credits. four months'
sight
13
ON SHANGHAI : ---
On Demand
1021
OF SINGAPOR:-
On demand ................
On demand
621
ON MANILA:---
On demand
ON JAPAN.
61)
ON BANGKOK:-
On demand
149)
Tar Labia:-
On demand 106
Telegraphie Transfer... }82
Bank, on demand.............
SOVERLIONS Bánk Buying
Ratis
steady but idle.
at was quoted
The London/New York cross- New rate was quoted at 495.35. York/London was quated at 495). MARKET
Dull.
STERLING
There were sellers at 1/3 Octo ber/January and 1/2 31/32 Feb- ruary, buyers at 1/3 1/32 Cash/ January 1/3 February and 1/3 February.
U.S. DOLLARS
11
The association's roperty has great possibilities, according to Dr. Donato. The administrtion is con- sidering plans to determine the extent of the copper deposit. Dr. Donato told the Bulletin that in the property, stringers of galena and managanese are also found in | small quantity.
Current Accounts
in opened Local Currency and Fixed Depoalts received for one year or shorter Local Currency and periods in Sterling on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 19th May, 1937.
HONG KONG SAVINGS BANK
Mindanao Goldfields Mining Business of the above Bank is conducted by the Company reports that active ex-HONG KONG & SHANGHAI ploration and construction work is BANKING CORPORATION. Rules proceeding on the Tumpagan, Ca- may be obtained on application. gayan. Oftental Misamis property. For the HoxG KONG & SHANGHAI, Work on this property has been
BANTING CORPORATION. satisfactory and encouraging. it.
V. M. GRAYBURN, was learned from the office of the
Chief Manager. company. Construction of labourers Hong Kong, 1st March, 1937. quarters is nearing cmpletion and the company expects to start deve-
·lopment work soon.
Teodoro Robles, general manager, has gone to the company claims to inspect the progress to date.
There were sellers at 31 Octo- PROGRESS IN FOOD PRESERVATION
ber, 30 15/16 November/December
31
and 30% January, buyers at 1/16 October and 31 January/ December and probably November. No business was reported.
SHANGHAI DOLLARS Sellers at 104.11/18 for Spot.
SHANGHAI MARKET There were
Sterling sellers of at 1/2 5/16 for Spot, buyers at 1/2 11/32. US. Dollars, sellers at 29 9/16 for Spot, buyers at 293.
I.C.I.'s 8 PER CENT.
The directors of Imperial Chemical Industries in announce ing an interim dividend of 3 per cent., against 24 per cent. last year, are careful to state that this does not indicate an increase in the full dividend for the year. All that is intended is to bring the interim distribution into relation- ship with the final dividend.
should
·BANK OF EAST ASIA, LIMITED.
Authorised Capital ...$10,000,000.00 Paid-up Capital ......... 5,538,600 00 Reserve and Undivided.
Profite
2,776,726,76
HEAD OFFICE:-HONG Kono No. 10, Des Voeux Road, Central.
Board of Directors:-- Sir Shouson Chow, Chairman
H
eung Ping Wah,
Esq.
Eaq
Kan Tong Po, Esq., Chief Manaqur. Li Tse Fong, Esq., Manager.
watow
Amoy Batavia Bosbay
Carlon
Branches and Agencies 7---T
Kowloon
Penang Bourabaya
London
Manlin
Rangoon Jalgon
sydney
although a great deal yet remains to be done before these can be prepared, it is already possible in some measure to lay down what is required, say, from an apple that is to be stored. As research progresses it is confidently antiel-dalentia pated that the specifications will also increase in scope and Hankow accuraey. It will also be neces- sary, however, to examine the product in terms of the specfica- Every description of Banking
tion, so
Haiphong
Taihoxu Tiantais
Melbourne 843 Fran
vian Xag!
Tokyo New York Heattle Omka
Samaras Yapoouver Honolulu Fark
Shanghai Tokoksos Kobe
Paping - 27sport
од
priators.....
£3.000.000
£3.000.000
£3.000.000
MANCHESTER BRANCH: 71, Mosley Street, Manchester..
AGENCIES AND BRANCHES: ALOE STAR ILOILO
IPOH
AMRITSAK BANGKOK TARACHI BATAVIA BOMBAY CALCUTTA CANTON
MAIGON
BEMARANO
CEREMBAN
KLANG ICAK
SHANGHAI
SINGAPORN
KGALA
HITZAWAN
LONFER
SOURABAYA
CAWNPORK KUCHIKO
TAIPING
MADRAS
COLOMBU DELHI
MANICA
TOEGEAN
MEDAN
HAIPHONG
KIW YORK
THINGTAO
BAMBURG
HANKOW
HARMIN
FELPING
(Bhuket)
ΤΟΚΟΣΑΜΑ
(Paking) DOJAJE GLA
PENANG
HONG KONG BANDON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ono
Year or shorter periods, at rates which will be quoted on applica tion.
The Bank's Head Office in Lou don undertakes Executor & Truster- business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained as any of the Agencies and Branches
B. W. ROBERTS,
Manager
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank 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, Naw YORK, with Resources over U.S. $2,600,000,000,
D. M. BIGGAE,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...$40,000,000.00
principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hongkong Branch:
4, QUEEN'S ROAD. C
South China. Officer:
CANTON SWATOW
KONGMOON TOISHIAN KINGCHOW
Food is of such importance to
RESEARCH PROGRESS the human being, and its supply,
The fact that a product is stored preservation and storage, no less
or is to receive other treatment Li Hoon Chun, Esq. Li Lan Sang, Esq,BRANCHES ALL OVER (HINA) than its production, are of such
be borne in mind while P. K. Kwok, sq. WongChuSon, Esq. Owing to our numerous Branches importance to the inhabitants of
and before it is being produced. pagYunfong,raq Kan Ying Po, Esq. in China and connections in the this country especially, that it is Producers. therefore, require speci-Chan Chung Shek perhaps surprising that it re-fications to which to work, and quired the stress of war to" call Into existence a body which would Investigate the various problems connected with these matters, writes a London correspondent.
Since then, however, considerable progress has been made in many directions, in which the engineer has played a leading part; and the Report of the Food Investigation Board for 1938 (under which title the body just referred to is now known) indicates that the work is steadily becoming more and more comprehensive. That being so, it is satisfactory to find that the Board realises the need of the For three years past the company
closest co-operation with both the has maintained its total distribu- technicians and industrialists, for tion at 8 per cent, and it may be whom it is really working, and taken that the directors now re- suggests that this co-operation cognise this as a basic figure. The should cover a more extensive feld Board's conservative financial than it has done in the past. policy is well-known. Its object was epitomised by the chairman at the last annual meeting, when he said: The present time of pro- sperity cannot be permanent, and we shall in time face a diminish ing volume of business." Therefore, he declared, existing good con- ditions should be used to put their in the overseas transport of food-submitted by Vienna's most pro-
stuffs. This was followed in 1935 minent medallists." house in order.
Apart, however, from this me by a second similar group con-.
MUCH DONE Actually, of course. a good deal has already been done in this Consultative Group direction. A (Shipping) was formed in 1931 to deal with all the work that bears
that the producer may and Exchange business transacted. SHTUCHOW know how far his efforts towards Loans granted
approved We also handle the issue of Bonds Improvement are meeting with securities.
success.
AUSTRIA TO MINT
COINS FOR CHINA
Vienna, Oct. 9. An order for 120,000,000 coins, worth about $12,000,000, has been placed by the Chinese Government with the Austrian Mint,
Coining will begin next week, as
soon as the Chinese Legation has on the improvement of conditions chosen the design which have been
Current Accounts opened in and other Public Funds of the Local Currency. and Fixed De- Chinese Government both at Home ponita received for one year or and Abroad. shorter periods iD Local and Foreign Currencies on terms which will be quoted on application. Safe Deposit Boxes To Let
KAN TONG PO.
Okief Hanager.
RELAXATION OF QUOTAS
SHOU J. CHEN
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up).
Yen 100,000,000 re Reserve Fund Yen 134,400,000.00"
#F
13
HEAD Orrica:--YOKOHAMA
Bombay Calcutta Canton
Hsinking Karachi
Rangoon Rio do
Kobo
Janeiro Sao
Francisco
London, Oct. 9. The Secretary of State for the Colonies and the President of the Board of Trade to-day interview-
BRANCHES AND AGENCIES AT: ed a Lancashire cotton trade de- Alexandria Honolulu legation, who expressed views on Bangkok-
Batavia Berlin The Colonial Secretary explain- ed that Ceylon was one of the most pregressing self-governing colonies, and that the people had to be given direction of their 'own at- fairs as far as possible.
Imposition of quotes create great bitterness in Ceylon and he therefore believed that relaxation would be, beneficial to all concerned in the long run.- Renter
The coins will be for five, ten thodic preparation for "a rainy i sisting of representatives of manu- and twenty cents, and will be de- the proposed relaxation of quotas. | day," the strengthening of the facturers of refrigerating plant, livered in weekly.consignments via company's financial position must, and has held regular meetings Siberia and Mongolia in the long run, be beneficial to with the members of the Engin- Reuter. the stockholders. The £1 stock eering Committee. It is not sur- units are obtainable to-day at prising to learn that this move- about 30. 9d. They have been ment has already proved its value over 40s. this year, and with any and hope the work will be both recovery in markets that price continued and extended. should again be seen.
"FINANCIAL
OSTRACISM”.
would
It would. for instance, seem advisable that somehow or other representatives of home agriculture
Elkon (Nevada), Oct. 9. "Financial CHINESE AIRMEN BUY $200,000 should be brought into the picture;
and economic os- SALVATION BONDS
for, as the Report points out, where tracism" is suggested as the most con-likely course to be adopted by the. Shanghal. Oct. 9: Officers of research on foodstuffs is the Chinese Air Force have jointly cerned, the distinction between Nine-Power Conference in a state-
would be extremely effective in pledged to purchase $200,000 Na- between production on the one ment by Sanator Key Pittman.
Senator Pittman says that such stamping out the present war and tional Salvation Bonds, it was an-hand. and transport, storage and
other post-production processes on action would not involve any fur-preventing its spread....... nounced yesterday.- 1/31/16. Dentral News,
the other, tends to be artificial.ther wars, but on the other hand Reuter.
BAR SILVEL; Dee on, visinaran 20
Loudon Los Angeles Seattla. Manila Semarang Dairen Moji Shanghai
(Dalny) Nagasaki SingaporeTM Fengtien Nagoya Soerabaya
(Mulden) New York Sydney
Tientsin Tokyo
Txingtao
Hamburg Osaka Oturn Hankow
Paris Harbin Hong KongPeiping Tinkow
Interest allowed on Current Ac counts,
Deposits received
E for Fixed Periods at rates to be obtained on application,
Y, KANO,
Manager. Hong Kong, 11th Sept, 1937,
18