12.
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Bank of East dia... N. O. & S. Barks..
Jusurances
Sharebrokers' Association
Cali
44
Nomina
SATURDAY. OCTOBER, W.
deller
Vuyer
Blanks
$1,683)
H.K. Banks
$1,583
£354
£13
Pa. (London) .... Chartered Banks ...
£33
Morcantile Hks. "A"
Exa £13) £33
Do.
£15
$30
391 32
Csuton Kinvara KO29.
1280
Union Insurandos .......
15223
$1
Underwriter
19
1275
H.K. Fires...
230/35
www
international Asan 1.
Shipping
#48)
Doug laven
Stenbats
10)
Indo-China (pref.)
Do. (lef.)
98/0 $9.30
Shelia
Waterin
$51 #42 98/9 $0.30
13/- 130
16/0
101 $4.40
$322
125
4080
40 ct.
1113
ུ་སྐྱོ།
2
164
Mining
Kailana...
Verinzuubi Gold Fuis.
Docks, Wharves,
Godowns, etc.
::
Do. (pow) 16 ots. Y✪ eta
$113
$100
$3
H.K. & K. Wharse..
ស.
Providents (old) ...
H.K. & W. Docks
Shangnai Docks S.
Now Engineerings 3.
114
Lands, Hotels, and |
But dings
M.K. Hotels
12.05
$3)
Hi.Kade. 8. 13)
Kino
Do. 4% Debentures
$103
Shanghai Lands... 8.
Metropolitan Landą..
H.K. Rarities......................... #4.00
China Do.......
$13
$6
18
11
$24.70
#
Humphreys
Ab
Do. DebenturesŠ.
Chinese Esta3 LAB... ...
Cotton Mi
Ewoon 8.
S'ha Cotton(uld)9.
Da.
ຜຍາ).
Zoong Sinks...
Wing On Textiles(S)
!!!!
Do. (now)... $9.60
$10.80 China Lights (old) ..| $10!
122
313
$90
$34
$40
Ewe Cotton Rts. S.
Public Utilities
Tramway: ......
43
Peak Trame (old) .......] 16]
176
Star Ferrios
$80
Yaumati Ferries
$23
JICH
Do. (Bow)...
$54
H.K. Electri
9101 7542
310
21.80/16
1241
1212
16
+
Do. (new)....
China Buses...... 8.!
23/9
Tractions
23/-
$190
$3.61
MACRO do.....
Sandakan Light
Telephones (old)
A..
Do. (pref.) 12.
Industrials
Caldbeck, Nord.) 8.
Macgregora prof.)8.
Canton Icon
Coments
Ropes
.
Miscellaneous
Dairy Farto......
Ch. E'tainment...... $3.95
Constructions, (old) $1.50
Dio.
Nanyang Tobacco...
Binceres
#242
16
$1.60
$1.00
18
Lane Crawfords......
$242
$249
24/6
义
$121
58,00
霉清
$10
$4
Watsons
24
8. C. Enterprises
$1
81,
CG.5%1995G.JBA«.]
80%
pren.. 74 pr. 242
I K. (ovt. 4% Enaux]
Do. 31%
$107 $102
Wallace Harper
349
££ Wing Ou
145
ghai
Do.
560
142
23/9
Vibro Piling Maratans Ir s. (Lan.;
10 ata,
Wa. Powell
(HK)
145 ctr
Paris
Geneva
Berlin
Athens
Milan
•Sales to Shingani
LONDON EXCHANGE RATES
Copenhagen
Prague
(British Wireless Service)
Oct. 4
150-1/15
21.56 12.344
Oct. a 150) 21.524 12.331
-94 3,10
941
Stockholm
Shanghai
New York
4.95)
Amsterdam
8.961
4.95-7/16 8.961
Vienna
1411
141-9/16
Madrid
Lisbon
fong Kong
Bombay
Montreal
4951
"Brussels
29.42
4.951 29.40
Yokohama
Belgrade
Monte Video
Rio
Bucharest
Silver (Forward)
Silver (Spot)
War Loan
19-13/10 19-15/16. 31% 1011
18-13/10 191
Da London': —
Closing Quotations
October 9, 1987.
Telegraphic Transfer Bank Bills, on demand Oredits, four months'
sight
ON SHANGHA
ON NEW YORK:—
34% 100%
Bank Bills on demand 30 11/18 Credits, 60 days' sight. 313 16
1.2%
ON BATAVIA:-
On demand
554/18
ON PARIG:-
Bank Bills, on demand 9
Credits, 4 month' sight 980
On Demand
ON SAIGON:—
On SundarozR V-
On demand
911
On demand
521
ON MANILA:-*
On demand
eth
Du JAPAN:-
ON BANGKOK :-
On demand
* 108
14P
EW INDIA:---
***/31/18
Telegraphie Transfor.. Senk, on demand........
On demand SOVEREIGNS Bank Buying
Rate
BAR SILVER, DAE OL...en 20
HONG KONG DAILY PRESS. TUESDAY, OCTOBER 12, 1937.
U.S. RUBBER
PURCHASES
Jump In Reclaim Figures
The U.S. rubber questionnaire Agures for August published re- cently, were considered fairly satis- factory, according to a Singapore correspondent...
Crude rubber consumption last month, at 41,450 tons, was appre- clably below, the figures for the previous month and for August last
year
It La slightly above recent estimates, and was quite well re- ceived in Mincing Lane. None the less, the decline of over 5,000 tons, compared with August last year, is not altogether pleasant, and lends point to recent prophecies of a sharp fall in American car pro- duction.
STOCKS INCREASE Imports were well up, and this was reflected in an increase of nearly 7,000 tons in stocks. to 171,053 tons. The quantity of rub- ber afloat to America at the end of the month showed an increase of 5,000 tons.
There was a surprising jump in consumption of reclaimed rubber. from 11,025 tons to 14.671 tons; the ratio of reclaim to crude rose from 27.3 to 35.4 per cent. This move- ment is probably due to the fact that whereas production of tyres fell last month, production of other rubber goods, in which substantial quantities of reclaim would be used. must have been materially Increased..
COMPARATIVE FIGURES Following are the detalled ques- tlonnaire figures for August, with those for the previous month and for August last year:
Aug. July .1937. 1937
# Aug
1936
PHILIPPINE MINING
NEWS
DULANGAN MINING Interests, Company, Inc.. reports that the drift on the 100-foot level of the shaft sunk on the Nevada claim on. theDulantan
Sibuyan group,
Island, was abandoned due to heavy volume of water encountered | at the beginning of the rainy season. Diamond drilling has re- placed drifting at this level and will cut at a depth of 250 feet the veins encountered in the east and
west surface tunnels and the east 100 foot level. Drilling equipment azid drillers are supplied by J. R. Hoover & Company, and comple- tion of this phase of the work is expected at an early date.
to sell shares of its stuck by the office of the securities and ex- change commission. Dioscoro Ro- mero, member of the board of directors, told the Bulletin that the arm has recently acquired mining properties in Salinas, San Felipe, Nueva Vizcaya, and in Pamplona. Gattaran, Buguey, and Lal-lo, Cagayan.
The board of directors of the. corporation are Damasa P. Perez, Pascual de Guzman, Agustin Relos, Benito Perlado, Jose R. Quirolgico. Dioscoro Romero and Francisco Martinez.
PARACALE-TUMBAGA MINING Company, Inc., is Installing Its Negotiations for the sale of Santa diamond drilling on its, Paracale Cruz chromite ore to the Dawn and Mambuiao property, according Mining Syndleste have been to Leon Ma. Gonzales, president. terminated, the management an- and general manager. Mr. Gonza- nounced. The company will begin fics declared that Sullivan and Co. hauling to the syndicate's bins on is installing a plant at the pro- October 15. It was also learned perty. He further stated that from the officers of the adminis-assay equipment' for the firm re- tration that intensive exploration cently arrived and is now shipped has been going on in the mines and on neighbouring claims.
THE KAPILAN MINES. INC.. which has its offices at Plaza Miranada, has been granted permit
R.R.I. IN 1936
Expenditure Exceeds Income
...In the annual report of the Rubber
Research Institute of Malaya it is stated that it re- ceived an income in 1936 of $780.- 855.73. Its expenditure was $774,- 825.31.
The major portion of the in- come was by way of contributions from the F.M.S.. Johore. Kedah.
Kelantan, Trengganu, the Straits Settlements, and-for the Arst Tons Tons Tons time-Brunei.
Brunei contributed Arrivals 48.785 39,108 12,563 at the same rate
as the other Consumption 41,456 43,650 40.658 Administrations 4 cents per pikul Consumption
of the basic quota allotted under per working
Agreement, day
1,594 1,629 Stocks ..... 171.053 184,441 220,058 Consumption
1.795
reclaimed... 14,671 11.925 10,992 Ratio of re-
23.6
claim to crude 35.4 27.3 EIGHT MONTHS' CONSUMPTION In the first eight months of the year the US. consumed 397,203 tons of crude rubber, against 378,606 tons in the same period last year.
BRITAIN LOSING
the International' amounting to $1.512.
Hers was the smallest contribu- tion. The largest was from the F.M.S. $223,776.
The R.R.I also received com- pensation for plant, machinery. | apparatus, furniture and books destroyed by the tre which almost the old. bullding overwhelmed balance sheet shows losses by fire last September-$81,429.65. The
of plant and machinery as $9,- $12.22 of the laboratory as $1. [678.48. and of equipment
apparatus as $16,353.84.
The Institute's realisable invest- ments and available cash amount-
CHILEAN TRADE ed to approximately $287.000.
How Germany, partly by the system of barter trade, is ousting Great Britain from the Chilean market, is recorded in a report on economic and commercial condi- tions in that country, issued by the Department of Overseas Trade.
For the Arst time since the Great War, it is stated, Germany took first place in Chilean import trade with 28.7 per cent. of the total. The share of the United States fell to 25.4 per cent.. as against 28 per cent. in. 1835.
The sharpest fall was that of the United Kingdom-from 16.5 per cent to 13.1 per cent
RESTRICTIONS AND "SURCHARGES
WAR RISKS AT HOME CUT FROM POLICIES
No Longer Covered By Insurance Companies
..from
and
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds:-
Sterling
Hong Kong Currency
Reserve Reserve Liability of
Proprietors
£6,500,000
AUSTRALIA AND CHINA Incorporated by Royal Charter 1833
HEAD OFFICE: LONDON: 28, Bishopsgate EC.2.
..... 10,000,000 | Pald-up Conltal....
Reserve Fund....... $20,000,000 Reserve Llability of Pro-
Head Office:-HONG KONG
Board of Directors. Miskin, Esq.,
Chairman.
Hou. "Mr. M. T. Johnson,
Deputy Chairman. J. K. Bousfield, Esq.. A. H. Compton, Esq., S. H. Dodwell, Esq.,
J. R. Ma,
K. S. Morrison,
Hon Mr. J. Paterson,
T. E Pearce, Esq.,
A L. Shield, Esq.,
Sir Vandeleur M." Grayburn,
Chiel Manager.
Branches:- Iloilo
Peiping
Bangkok Batavia
Bombay Calcutta Canton
I pob Jubore Kobe Kowloon Kuala
Penang
Rangoon
Saigou
to the property. The officers of Amoy the administration expect to visit the mines soon to inspect the pro gress of the development work done in the property.
"TRADE BOOM · MUST BE CONTROLLED”
Singapore Chamber Of Commerce Meeting
2.
pore's trade during January to A comprehensive survey of Sina- Juze, 1937, was made by Mr. J. W.. de Piro, presiding at the half- yearly meeting of the Singapore Chamber of Commerce held re- cently.
Quoting figures, Mr. de Piro said that the gross trade in Malaya and therefore of Singapore for the first six months of the year was no less than $262,825,000 greater than the corresponding period of the previous year, giving a favour- able balance of $109:280,000 to the country.
"It is not to be wondered at, therefore, that Malaya as a whole is very much Piro sald. than it was two years ago." Mr. de
more prospETODE
Mr. de Piro went on to say that there was undoubtedly consider able amount of artificiality of the present prosperity. The boom, be said must be controlled and must cot be allowed to get out of hand.
San Fran-
cisco Chafoo
Lampur Shanghai Colombo London Singapore Dairen Lyons Sourabaya Foochow
Malacca Sungei Haiphong Mauila Patani' Hamburg Muar Tientsin
(Jobore) Tokyo Mukden Tsingtao New York Yokohama
Hankow Harbin Hongkew
Current
Accounts opened in
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 ap
to date Safe Deposit Boxes in various sizes To Let.
Hong Kong, 19th May, 1937...
HONG KONG SAVINGS BANK
1HE Business of the above
conducted
HONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on spplication.
For the HONG KONG & SHANGHAI
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1837.
BANK OF EAST ASIA, LIMITED.
Authorised Capital ...$10,000,000.00 Paid-up Capital
******** 6,598,600.00 Reserve and Undivided.
Profita
2,776,796.76
HEAD OFFICE:-HONG KONG
10, Des Voeux Road, Central.
Board of Directora -
"A boom which is out of hand No. is bound to end with a depression. which might be, and probably
Bir Shouson Chow, Chairman would be, very much same as that
Li Koon Chua, Esq. Li Lan song, Esq. which we still remember."
P. K. Kwok, aq. WongChuSon, I sq. Addresing the meeting. Mr. de Wong YunTong, Esq. Kan Ying Piro sald; in part:-
Chan Ching Shak
Esq.
Kan Tung Po, Esq., Chief Manager. Li Tae Fong, Esq., Manager.
As regards Japanese coal a re- duction in the Importations is no- ticeable as compared with the last War and civil war risks are toe months of 1936. A shortage of be excluded
insurance coal from India has she been ap- policies covering property in
parent although this grade is not Great Britain, by special endorse-imported here to any large extent. ment as the "renewal premiums fall due after the end of Septem-
Regular supplies of Dutch coals have been arriving from Sumatra ber, writes a Home correspondent. and Borneo, but again the output
This decision. states 2 notice
required for sale in this market which is being sent out to policy-has not been available,owing part- holders, has been agreed to by to the demand in other areas, insurance companies generally.
and partly to local requirements in the D.EL.
FungPing Wah,
Esq.
Branches and Agencies --
Kowtoon Penant Bournlays London Rangoon
Marlis
**Raigon Matbourus Bran Jagnak!
Amby Batavia Borg hay
Calcutta Cietun
Haiphong
Backor
Honolula
Pazie
Kobe
Feiplay
New York nacila Usaka
Swatow Bydney
Talboku
disa Tiental Tukyo Semarang Yanood Shanghal Yokoha singapore
prietors A
£3.008.000 £3.000.000
£3.000.000
MANCHESTER BRANCH:' 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOBATAN AMRITSAR BANGKOK BATAVIA BOMBAY CALCUTTA CANTON
ILOILO
CAWNPORE. KUCHING
SINGAPORE SITIAWAN
80UBABATA
BAIGON
POR,
KARACHI
SEMARANG
BEREMBAN
KLANG KORE
KIALA
LUMPUR
AHANGRAI
– TAIPINO
COLOMBO DELHI HAIPHONG HAMBURG BAYZOW
MADRAS.. MANILA MEDAN NEW YOHE
TINGTAO
BARDIN
PRIPING
TIENTRIX
TONGKAN
(Bhuket)
YOKOMAMA
(Peking) BAIGIANT CIA PENANG
HONG KONG KANGOON
FOREIGN EXCHANGE and Genera) Banking Business transacted,
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ona Year or shorter periods at rates which will be quoted on applica tion..
The Bank's Head Office in Lop
don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terme which may be ascertained at any of the Agencies and Branches.
B. W. ROBERTS,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
READ OFFICE:
18, PINE STREKT,
NEW YORK.
سين
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 CHASE NATIONAL BANK, NEW YORK, with Resources over U.B. $2,500,000,000.
练
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...40,000,000.00 (BRANCHES. ALL OVER CHINA) Owing to our numerous. Branches in China and connections in the principal Commercial Centres of
the World, we are able to extend Ito 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 SHIUCHOW
KONGMOON TOISHAN KINGCHOW
Every description of Baaking and Exchange business transacted. We also handle the issue of Bonds Loans granted on approved and other Public Funds of the Owing to the increase in rates of securities. :
Chinese Government both at Home freight between the DEI. and Current Accounts opened in There is no anticipation of war. Malaya for bulk cargoes other Local Currency and Fixed De- and Abroad.
They have come to the conclusion'| that these risks are not proper subjects for insurance."
The reduction in United King-The change is being made because than coal and which were prob. I posita received for one "your or
the risks involved assessed actuarilly.
cancot
be
STILL COVERED Accidents to civilians as the
ably more remunerative to owners, vessels avidable for them have been smaller in number.
The usuşi quantities of Austra-
dom exports to Chile during 1936. the report states, was due partly to German price competition, ald- ed by 30 per cent, depreciation of the mark and by export subsidies and partly to the action of the results of war or civil war are lan gas coal have been imported Chilean Exchange Control in plac-insurance policies. In the
still covered by appropriate as required, but the consumption ing restrictions and 'surcharges on
case of this grade of coal is limited. certain types of imports largely of "comprehensive" policles for supplied by the United Kingdom..
states:
RUBBER
Local sod
aborter periods in Foreign Currencies on terms which will be quoted on application. Safe Deposit Boxes To Let
KAN TONG PO.
Ohief Manager.
SHOU J. CHEN
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
יד.
Reserve Fund ...
Yen 100,000,000 n Yen 134,400,000.00
HEAD OVIC:-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Bangoon Bangkok Hsinking Bio do Batavia Karachi Berlin
Kal Bombay
Jadeiro San London Francisco Los Angeles Seattle
Manila Moji
Semarang
Shanghai
Singapore Soorabaya
Tiantsin
householders, in which all home
of the Rubber Association held in risks are included, compensation The gross exports from Malaya March this year, the Chairman, "The 35 per cent, surcharge on for war-time accidents to ser- for the period under review were Mr. C. A. Hare, in his speech re- luxury imports from non-compen- vants is sation countries." It is added, "has household
still covered, thougp 58,919 tons more than those for ferred to the increasing demand gonds and property the first half of 1936. This is for space that the Shipping Con- been particularly annoying to im-
are not.
partly due to larger releases under ference would probably be called porters of United Kingdom goods,
The endorsement which Com- the control scheme, and also to. upon to meet during 1937, due to yet the Clean Government have panies are attaching to policies the imports of foreign rubber, the extra releases of rubber au so far refused to modify this re-
which increased by about 23,000thorised by the International Rub- gulation."
"No liability shail attach to the tons. The year opened with the ber Regulation Committes, and in Calcutta The Increasing production of company under this policy as price of rubber at 374 cents per recent months a great deal has Canton Chilean woollens, expected to from its first renewal date on of lb. and closed at June 30 at 313 been heard of the alleged short- Dairen reach 4,400,000 metres in 1937. 1s after September 30, 1937, for any cents per lb.
age of space.
(Dalny) Nagasaki described as "somewhat alarm-consequence (other than claims The highest price reached in the It is interesting to note, how- Fengtien Nagoya ing from the point of view of for accidents to servanta if covered interim was 457 cents on March ever, that for the first eight (Mukden) New York Bydney United Kingdom exporters, who by this policy) whether direct or 31. 1937. Therefore, there have months of this year the total Hamburg Osaka can no longer hope to supply any indirect, of war, invasion, act of been quite sharp fluctuations shipments from Malay have ex- Haukow
Otaru Tokyo Harbin Paris but the highest quality demand. foreign enemy, hostilities (whether which at one time caused a feel- ceeded those of a similar period of
3'rinxtsa Hong KongPeiping Local production of cotton fabrics war be declared or not) civil war, ing of dismay in local circles, and last year by approximately 100,000.
Yinkow Interest allowed on Current A is also increasing by leaps and rebellion, revolution, insurrection, whilst I do not think it is within sons the actual figure, being 96,687 bounds.
counts, military or usurped power, and my province to comment on the tons. It would therefore appear
Deposits received for Fixed any such lability which may have rubber market, I do feel it will be that the Shipping Lines have met Periods at rates to be obtained on been undertaken by the company agreed that the general level of the increased demand satisfac application. under this policy or under any prices has been very satisfactory torily and that the complaint of
Y. KANO. endorsement thereon, shall cease to both producers and conquera. shortage of space has been exag-
Manager. and determine."
At the annual general meetinggerated.
Hong Kong, 11th Sept, 1837.
As a result of European rearma- ment, exports, especially copper, turned sharply upwards, both in i volume and value, at the end of 1936, while imports remained low.
3