12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Bank of East Asia...
Underwriters
Kalai
$1,630
8270
HONG KONG DAILY PRESS MONDAY, NOVEMBER 22,
MARKET
MESSES. ROZA BROS:
PHILIPPINE MINING
NEWS
1937.
ZAMBALES CHROMITE Mining | property of the Acoje Mining Com- Saturday, Nov, 20. Company, Inc., through its board pany. The corporation according Silver prices were unchanged of directors, B. H. Silen, 8. J. Wil- to reports of several "engineers is yesterday, the quotations remain-son, J. George, S. 8. Schier and assured of a large tonnage of high ing at 19 11/16 and 19 9/18 res- P. Rivern, have announced that the grade chromite ore all of which pectively. Silver advices reported company will take over work on its has been spoken for by responsible America property at Santa Cruz, Zambales, chrome ore buyers in the United India as having sold.
After the official fixing and have notified the Union Man- States. The board of directors is bought.
American agement Company to immediately considering listing its stock in the the market was quiet. Silver was quoted at 44, for Spot. 'cease any work or operation upon Manila Stock Exchange and Inter-
The London/New York cross-
the property or claims of the Zam- national Stock Exchange.
MASINLOC CHROMITE Mining rate was quoted. at 500.27. New bales Chromite Mining Company,
Inc., and to remove therefrom all Company announces that Intensive York/London was quoted at 5004.
einployees of and any equipment be- and extensive exploration work MARKET
longing to the Union Management. which was temporarily suspended. George York, superintendent of last June due to unfavourable the mines of the Zambales Chromite weather conditions, has been re- Mining Company is in charge of sumed, it was learned from the the operations on the property and office of the firm. At present . been instructed to make aj there are eight guards and more complete report to
be sent τα than 30 labourers to carry on the stockholders.
THE EXCHANGE
Sharebrokers'
+
Exchange
Association
SATURDAY,
Nalas Nouda
mayore
ΝΟΥ, 20.
Banks
$1,630
H.K. Banks"......
ENT
Mo. (London)
LUTI
212
Uhartered Banks ...
2191
232
Marcantile Bks, "A"
£15
Do.
4*1
£15
100
188
N. O. & 3. Backe...
32
lusurances
1270
Caton lustra vida.
Union insuranos... $517)
$1.80
SEBA
H.K. Piros
|Enternational Asnoe, 5.
Shipping
F4B)
19
$9
301
Indo-Chinas (prof.)
$61
Da.
(dof.)
147
91/104] Shell
19.30
91/10
Watercata
39
149
18.30
Hubs .....
14/9 +8.86
15
Venożaula Doid Pfle
Docks, WhaTVO,
'Godowns, etc.
18
.K. & K. Wharves,
Providents (old) Do.
$2.10
32.10
***
(DOW)
35 ota
1271 $100 13
2
12.20
Mining
Kailans
$2.10
30 eta 35 ola.i
$28 H.K. & W. Docks ...
Shangnai Docks S. New Engineerings H., Lands, Hotels, and
Bui dings
H.K, Hotels ne .K Lands.......... Do. 4% Debentures Shanghai Lands.... Metropolitan Lands.
H.K. Realties.......................... Chinn Do.......
5505 30.15
Jax
$100
$1.85
11
198
$1,60 $200
548
$41
3117
10.10
132
3102
94.85
18.40
Do. Debentures S. Humphreys
THA
Chinese Ba La TOB................
Cutton Mil
313
Ewos .......
$13
¥82
Shai Cottontulājš,
$AU
Zoug Sings
$34
Wing Un Textile(S.)
$40
Ewo Cotton Rts. S.
Public Utilities
$131
$13,40 $13.40},"
Tramways
$13.40
$74
Peak Tema (old),n:
Da.
(now)...
182
Star Ferries
SHE
$254
Yausti Ferries
$25
$11.30
1:14 40
China Lighte (old)..:
$113
$112.
Do,
(new)...
$11.39
065
H.H. Electrice $54)
$18
Macso
do.
$19
Sandakan Lights..
1265
Téléphones (old)
1964
19.30
"Da
(now) 39
13.06
China Boses........
93/94 Tractiun
ad
22/
10. (pret.).....
354
Industrials
Caldbeck, jord.) 8.
Macgregora f(prof.18.
Ropes
Miscellaneous
Dairy Farros...
Ch. E'tainmonta..............) $41 Constructions, (old)) (1)
Nanyang Tobacco....
Sinceros
Watsons
124.90
$1,90
Capton Ices
$11.80 $12
Cements
$11.85 $12
.......
53.80
13.30
$4.30 $24.65
$1.60
31.00
Do.
(0) 31
30
Lane Crawfords....
34.30
$5.00
78%
B. C. Enterprises...! Cu.G.521925G. Bs.
31
20%
pren..
H.K, Govt. 1%-Logos]
Do. 31%
$100 $101
Wallace Harpor
$40
BK Wing Ou
36
S'ha Dio
160
15.85
$0.80
22/6
Maramany Ir v. (Lon.)
4/0
05 cts.
100 sta.
Wa. Powelle
(EK)
leo otr.
1
•Sales to Shanghai
Paris
Geneva
Berlin
prem
Vibro Piling
LONDON EXCHANGE RATES
(British Wireless Service)
Nov. 18
- 147]
21.61
12.372
Nov, 20 147-11/84 21.62 $12.331
Athens
95
Milan
951
Copenhagen
Stockholm
Shanghai
New York
5.00
1/2k 5.00%
Amsterdam
9.011
9.013
Vienna
Prague
1411
Madrid
Lisbon
Hong Kong
Bombay
4.99
29.39)
4.997 29.41+
Belgrade
Montreal
Brusacis
Yokohama
Monte Video Rio
Bucharest
Bulver (Forward) Silver (Spot)
War Loan
On London:
142-3/16
2501 677++
19-9/16 19-11/2 34% 1014
191
194
Closing Quotations
November, 1937.
Telegraphic Transfer... 11/2
Bank Bills, on demand Credits, four monthe'
ON SHANGHAI:-
On SindarōEK?-
ON NEW YORK:~~
Fight
On Demand
On demand
On JAPAN:
On demand
De India:-
Quiet. No business was reported.
STEALING
There were sellers at 1/2 31/33 November/December and 1/2 15/16 January/March, buyers Cash/December and January/March.
st
1/3
1/2 31/32
were
It is expected that the Zambales Chromite Mining Company, will be able to ship.a considerable "ton-
U.S. DOLLARS
"There Nothing doing. schlers at 31 3/16 November/De- cember and possibly January and 311 February, buyers at 311 Cash/nage of ore in the near future. Definite dates of shipment will be January and 31 3/18 February/
announced later. March.
SHANGHAI DOLLARS Sellers at 1051, buyers at 1051 for Spot,
SHANGHAI MARKET Sterling sellers at 1/2 7/32 buyers at 1/2, 1/4 for Spot. U.S. Dollars, sellers at 291. buyers · at
29 11/16 for Spot.
H. K. STOCK EXCHANGE
SATURDAY'S
OFFICIAL
QUOTATIONS
BUYERS
The market was very quiet. Union Ins., $517).
Indo-Chinas, (Pref.), $51 Indo-Chinas (Def.), $43. Providents, (Old),, $2.10. Providents (New), $0.30. H. & S. Hotels, $5.05. H.K. Tramways,,, $131 China Lights (Old), $11.30. H.K. Electrics, $541. Cements, $11.80
Dalry Farms, $24.30, W.M. Powell, Ltd.. $0.65.
SELLERS
China Underwriters, $1.60. H.K. Steamboats." $9. Providents (Old), $2.20. Providents (New), $0.35.
H. & S. Hotel,...35.15. HK. Lands, $32} HK. Tramways, $13.40. Cements, $12.
Dairy Farms, $24.65.
HK. Govt, 4% Loan. 54% pm. SALES
*
H. S. Hotels, $5.10. HK. Tramways, $13.40. China Lights (Old), $1117.40. H.K. Electrics, $55.
Wm. Powell, Ltd., $0.80.
work.
The management also announced that a stockholders meeting has been scheduled on November 18 to elect a new board of directors and officers for the ensuing year Plans for the operations of the mines will be taken up at the meet- ing. The firm is capitalized at | P1,000,000. ' Nicolas Estella is the
The property of the Zambales Chromite Mining Company, consists of 60 lodes claims located at Banth Cruz, Zambales, adjacent to the president of the company.
THE SHARE MARKET
Harriman's Weekly Report
Messrs. . A. Harriman and Co.'s weekly share report and market Tovlew Issued on Friday night
Etates:-
BANKS
HỒNG EUNG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
$80,000,000 Authorised Capital Issued & Fully Paid Up $20,000,000 Reserve Funds: --
Sterling
Hong Kong Currency
Reserve.
Reserve Liability of
Proprietors
.£8,500,000
Head Office:-HONG KONG "
AUSTRALIA AND CHINA Incorporated by Royal Charter 1983
HEAD OFFICE: LONDON: 38. Bishopsgate EC.2.
£3.000.903 £3.000.000
............. £3.000.000
....$10,000,000 | Fald-up Capital.......................................
Reserve Fund $20,000,000) Reserve Liablity of Pro
priators
MANCHESTER BRANCH: 71, Mosley Street, Manchester,
Chairman. AGENCIES AND BRANCHES:
ALOR STAN ILDILO
Род Deputy Chairman, AMRITSAR J. E. Bousfield, Esq..
KALACHI AH. Compton, Esq., S. E. Dodwall, Esq.,
Board of Directora. Miskin, Esq... Hou, Mr. M. T. Johnson,
J. R. Mason, Esq.,
BAZGON SEMARANG
OKREMBAN
SHANGHAI
SINGAPORS
SITIAWAN
SOC HABATA TAIPING
TIENTEIN
K. S. Morrison, Esq.,
BANGKOL BATAVIA BOMBAT CALCUTTA CANTON
KLANG XONE KOALA
LUMPUR,
Hon. Mr. J. J. Paterson,
CAWNPOKK
IC
CEBU COLOMBO
KUCHING MADRAS
MAHILA
TORGIAH
DELHI
.
MEDAN
HAIPHONG
NEW YORK
TSINGTAO
KAMBURG
PRIPING
ΤΟΞΟΤΑΜΙΑ
HANKOW
T. E. Pearce, Esq., Shields, Esq.,
A
Sir Vandeleur M. Grayburn,
Chief Manager,
Amoy Bangkok
Batavia Bombay Calcutta Canton
Chefoo
Peiping.
Penang
Rangoon Saigou
Sun Fran-
Branches:- Heilo Ipoh Johore " Kobe Kowloon Kusla
Lumpur Shanghai
Singapore Lyons Sourabaya
Sungei - Malacca
Patabi
"
Lundoa. Calombo Daire
Haiphong Manila
Industrial Agreements Foochow
In England
London, Nov. 20. By twu tädustrial agreements signed yesterday, 68.000 workers in electricity supply undertakings will receive a wage advance of three-farthings per hour, repre senting an average extra three shillings weekly, and miners in the Derbyshire-area join, the large number of workers who, in recent months, have come under schemes for the provision of hölldays with
pay.
We again have to report a period. of dull markets, without any par- ticular feature and with trading of negligible volume. Quotations have
It is expected that a holiday been generally eisler over the week fund of $100,000 yearly will pro- but prices are now fairly wellvide the workers with one week's maintained. There has been some
holiday with a payment of £3 for settlement ilquidation of specula- | married men 30/- for single men Live stocks, but buyers are now shewing interest at around current levels. Manila shares continue to be a purely nominal and declining market.
Sterling stocks have proved the most popular and there was a fair turnover of Hong Kong Bank shares from $1700 down to $1840. Unions have maintained last week's price, with sales recorded at $520 and $522. Canton Ins. are én- quired for at $270 and Fires at about $255.
In utiltles, China Lights were sold down to $11.40 and Trams to $13.30. but at these prices buyers are in evidence, Telephones came to business at $261, but are now $20 sellers. The New have cased to $9.05 sales, Hong Kong Electrics made $55 and Star Ferries $82. Yaumati Ferries offer at $251. Macao Electrics have firmed up to
Recovery Of French $18 without attracting seilers.
Finances
Sales of Singapore Traction Ords: were reported at 22/-.
Cements close $1180 buyers $12 sellers and Ropes are just $31
Paris, Nov. 20. The Finance Mluister, M. Georgea Lands, after exchanges at $32) Bonnet, told the Chamber of De- offer at this and Hotels declined putles yesterday that the Govern- to $5.10 business done. A few ffancial | Humphreys are enquired för at ment was meeting its obligations, and now bad ten mii- $8.30. Hard francs at its disposal.
The English loan of £40,000,000 would be promptly repaid, he said, and would leave the French state with an abundance of available capital.
There had been an improvement in public credit. Whereas a year ago it had been impossible. to place even the smallest public loan. on the market, a complete change had now taken place- Transocean
BENZOL FROM COAL
巍
of
To encourage the production of motor spirit from New Zealand coal the Government has decided not to impose an excise duty on benzel produced 25 by-product domestic gas-works. The exemp- tion will be limited to a total quantity of 500,000 gallons a year subject to the condition that sub- stantially all New Zealand coal is used in its production.
Wharves have relapsed to a nominal rate of $117, and Docks came down to $274. Providents (old) eased to $2.10 aɛles and the "New" are $0.35
Marsman Hong Kong last sold at 4/9. but are now a quite nominal market at-4/6-5/-.
Shanghai Stocks have reacted from last week's firmness and Ewos are lower at Sh$124 and Shanghai Cottons at Sh$81.
Manila shares. Only small búal- ness was reported. There were Jocal transactions in Antamoxs at 84 cts. and San Mauricios at 82 cta.. and there are closing buyers of Buyocs at 28 cta. and Antamoks at 81 cts.
Closing comment:--Markets very dull, but steady.
FRENCH RAILWAY
DEFICIT
and £1 for youths.-- British Wirelena-
BRITAIN GETS NEW 'OIL CONCESSIONS
in
Cisco
Tientsin
#
Hamburg Muar. Hankow (Jahure) Tokyo Harbin Mukden Tsingtao Hongkew. New York Yokohama
Accounts Current
opened ia 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, 18th May, 1937.
HONG KONG SAVINGS BANK
THE Business of the above THE
Bank is conducted by the BONG 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, 1987; -
BANK OF EAST ASIA, LIMITED. Authorised Capital $10,000,000.00 Paid-up Capitol Reserve and Undivided
Proâte
5,508,600.00
9,776,726.76
London, Nov, 20, Important oll concessions Mexico have been acquired by two British concerns, according to an official announcement made today
Contracts for extensive develop ment
of the Poza Rica oli district, says the announcement, HĽAD OFFICE:—Hong · KONG have been concluded between the No. 10, Des Voeux Road, Central.
Government and Mexican
the Mexican Eagle Oil Company and the Centralamer, a new company formed for the purpose.
it is stated that the Centralamer Company has agreed to make a cash loan of £1,000,000 to the Mexican Government to erect three refineries and ten storage tanks.
Board of Directora:—|| Sir Shouson Chow, Chairman Li Kuon Chua, Esq. Li Lan Sang, Esq. H E Kwok, sq. WongChuson, Esq. Wong YuaTong, Esq. Kan Ying Pu, Eng. Chan Ching Shek
Fung Ping Wah, Esq.
Ex.
Kan Tong Po, Esq., Chief Manager. Li Tae Fong, Esq., Manager.
Furthermore, the,, new ecmpany will financé boring of wells for the Government, and is entitled | Amoy to bore up to forty wells of its my own in other flelds.- T'ranacean.
SELLING MOVEMENT ON WALL STREET
Swalow
bydbay Talboka
400
Tantal
Branches and Agencias pe="
Xomtown Peuang Seurays Londos
. Bangboa Manita Bagon Halborne San Fran- Vagonskl New York Seattle Usika Honolulu Parts Kobo
BALATIN
Contia Canton
Haiphong
Bankow
Paplog
Tokra Semang Vancouver Shanghai Yokohama
nopore
Every description of Banking aud Exchange business transacted. Loans granted
approved securities.
opened "in
Current Accounts
Om
New York, Nov. 20. The serious selling movement on Wall Street yesterday, which re- sulted in general losses ranging Local Currency and Fixed De- Ito $5, with a few issues from seposits received for one year or Local and to $10. lower, is attributed to the shorter periods in
Foreign Currencies on terms which will be quoted on application. Safe Deposit Boxes To Let
KAN TONG PO.
Chief Hanager.
following reasons:---
Operators were sceptical of any tax relief being granted in the present session of Congress.
Increasing signs of recession of American business, and labour THE YOKOHAMA, SPECIE BANK trouble both in the rubber and motor industries, and..
1.
LIMITED
Beller, that many issues are now Capital (fully paid up) behind the rapidly descending trend of business in the United Reserve Fund States.
Sales yesterday were over double those on Thursday at 1,890,000 shares. Reuter.
"HIGHER PRICES FOR PETROL IN ITALY
Yen, 100,000,000 N/ Yen 134,400,000.00
KRAD OFFICE:-YOKOHAMA
BRANCHER AND AGENCIES AT” Alexandria Honolula Hangoon Bangkok Hsinking Rio do Batavia Karachi Janeiro Berlin Kobe San Bombay London
Franciser Los Angeles Seattle Manila Semarang
Shanghai Singapore murrabaya Sydney
Calcatta
Rome, Nov. 20. Italian motorists are to pay more for gasoline.
Canton
Dairen
Moji (Dalny) Nagasaki Fengtien Nagora
(Mukim) New York
Hamburg Osaka Hankow Otaru Harbin Paris Hong KongPiiping
Thertain
Tokyo
Tsingtao
Tinkow
Paris, Nov. 20. The finance committee of the This announcement, it is believed
Chamber of Deputies yesterday will have the effect of increasing dealt with the problem of the pro- consumption in New Zealand and spective deficit of the French rall also of adding to the fuel oll sup-ways in 1938, the amount of which, plies of the Dominion. The benzol according to the rapporteur. will
In future his litre will cost him produced has proved highly auc-
probably be about 10.4 milliard 3.32 lire instead of 2.89 lire. cessful, especially when mixed with
This is the result of increase in francs. other grades of petrol and a con- This sum consists partly of loss the tax on a 200-lb. barrel from siderable quantity has been used for on running of the railways, name- 220 to 320 lire. aircraft. With increased produc- | ly, about four milliards, to cover It is the second increase in the tion it may eventually become a which increase in railway price of petrol in the last six commercial product for export pur- tariffs as from Jan. I next year is months, the fast increase being--
the poses. Although
statutory contemplated. the balance to be on July 13, from 2.32 to 2.89 lire*****
Proportionat increases have provision for the exemption from obtained partly by loans and partly 1400 duty is for 600,000 gallons the by means for recovery of old also been imposed in taxes on
mineral oils and by-products.... present quantity produced is about debts
Transocean. 1/8 1/38 | 20,000 gallons a year. J9 11/16
Bank Bills, on demand 30% Credita, 30 days' sight. 31%
7,78
ON BATAVIA:
1/33/32
On daniand ON PARIS:--
5號
104
Baak Bills, on demand 9071 Credits, 4 month's sight 907)
O SAIGO
Ondemand.
.90€
618
100
TelegraLbic Trapsler... 818
Baak, on demand.
ON MANILA S
Do demand................
ON BANGROE:---
On demand
SOVELLIONS Bank Buying
Rate
>
BAR BILVES. THE CB, nemus
an
Transocean.
4
Intereet allowed on Current de copata,
Deposita received for Fized Periods så rates to be obtained as
pplication,
Y. KANO,
ManageT Hong Kong, 11th Sept., 1937,
BARDIN
(Bhuket)
(Peking) samBOANGA
PINANG
HONG KONG BANGOUN
FOREIGN EXCHANGE and General Banking Business transacted.
CEARENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or
shorter periods at rates which will be quoted on applica tion.
The Bank's' Head Office in Lon. don undertakes Executor & Trustee 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
plete Foreign Banking Service in the principal Markaťa of the world.
Interest Rates on Application:
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.D. $2,500,000,000.
D. M. BIGGAR,
Manager
BANK OF COMMUNICATIONS ESTABLISHED 1908
CAPITAL RESERVE
Head Office:
$20,000,000 $8,900,000
14 The Bund, Shanghai
Hongkong Office:
6 Ice House Street, Hong Kong
Over 130 Branches throughout China Correspondents in all Im- portant Cities of the World. We offer you quick, careful and friend- ly service, backed up by 30 years of experience in:
FIXED DEPOSITS CHECKING ACCOUNTS FOREIGN EXCHANGE SAVINGS ACCOUNTS AND OTHER BANKING FACILITIES
T. N. LEE,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OE CHINA A6 AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...840,000,000.00 YBRANCHES 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 to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAL
Hongkong Branch:
4, QUEEN'S ROAD. C
South China Offices:
CANTON
SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handia, the issue of Bonds and other Publig. Funds of the Chinese Government both at Home and Abroad."
SHOU J. CHEN
Manager