1010
$510
314.
Underwriter
$235
EL.K. Fires....
1938
InternationsÌ Ásson, S,
Shipping
530
150
Steamboats ... 16)
$51. Indo-Chinas (prof.)
$57
Do. (dof.)
$48
984 Shelin
98/»
19.00
WaterDust
$0.30
Mining
There were sellers at 1/8 Jan.- March and 1/2 31/32 April, buyers
Adams Expres
12
"DAILY SHARE QUOTATIONS
"
Hong Kong Stock
Exchange
Sharebrokers
Association
Встра 18əlin Balm | Nt pealest
FRIDAY. JAN. 7
| Rayars Ballers
‚'18 al ee
Backs
$1,437
212)
£31
€14
H.K. Banka
Do. (London) **] Chartered Banks ... Mörcantile Bits. "A"
Do.
C
Bank or East Asia.......
N, O. & 8. Books...
Insurance
1270 Canton Insurances..
Union Invasices ....
143
Pl
Main
HONG KONG DAILY PRESS, SATURDAY, JANUARY 8, 1938.
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Silver prices dropped yesterday to the extent of 1/8 for Ready and 3/16 for Forward, the quotations being 19 7/16 und 19 3/10 respec- ..12 L38tively. Silver advices reported à
87
Ea
£15 $77
80
small business. America bought. After the official fixing there were American buyers at 1/18.under the „quoteď „ rate. The market- Was $970 weak. American Silver was quot-
ed at 44 3/4 for Spot.
The London-New York" cross- rate was quoted' at 499,70,- New York-London was quoted at 499 43 16.
MARKET
Extranely dull,
STERLING
NEW
YORK STOCK EXCHANGE
New York: January 7
(Through Renter's Service!
New York/London Cross.r Now, York,Cotton-Mar. New York Rubber-bfär Chicago Wheat--May- Chicago. Corn -May. Winnipeg Whost-May, Silver Uficial
QUOTATIONS
BANKS
HONG KONG AND SHANGILA BANKING CORPORATION
$30,000,000)
Issued & Fully Paid-Up #20,000,000
Proprietors
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA” Incorporated by Royal Charter 1833.
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2
—
$10,000,000 | Pald-up Capital...............
Reserve Fund ........ $20,000,000 Reserve Liability of Pro-
prietors...
Authorized Capital
02
Last High Low Clown
8.49. 6,39 138 14.55 146 14:30 - BRY... -93----- 931
64 102
Today's
Close Change
Reserve Funds:-
---4,89-130164.09-13/18-
8.48
unch,
-Sterling
8,500,000
.10 up
Hong Kong Curren
· 14.53 -
I up
Reserve
Rup
Reserve Liability of
1/8
OF
1294
124 126
14.
3 ap unch,
1937
High Low Dow Jones Averages 194.40 113.91 so Industrials.
Jan.
134.86
'64,46' 25.81 20 Raile
20.17
37.54 19.54 90 Utilities 108.8091.84, 40 Bonds
20.03 B.19
6244-620) 11 Commodity Index 34.98
الله
High Low Close Change 129 23 1938 128.97 431-up $20.50261 30.59141 up 91.48 20.14 1.43 50 up
112.57
38 uj -"63.68,69 up
Business Done: -1,910,000 sharos,
List Sale Jan. 5
Head Office:—HONG KONG -
Board of Directors.
Chairman.
G. Miskin, Esq., »
Hoa. Mr. M. T. Johnson,
J. K. Bousfield, Esq.,
$3.000.0
82-060,000
£3.000,pea
MANCHESTER BRANCH:
.71, Mosley Street, Manchester
AGENCIES AND BRANCHES:
ALOR ATAR ILOILO
[PON
Deputy Chairman. | AMETTBAR-
BANGXOX KAKAORI
BLIGOT SEMABANO
KEREMBAN BRANⱭNLI
SINGAPOZR
NITIAWAN
LUMPUR..
SOURABAYA
BATAVIA Z KLANG BOMBAY
CALCUTTA
CANTON
CORK
· KUALA
CATNPORE KUCHING YAIPING
A. H. Compton, Esq.,
Jan. 5
a
91
Stocky
Allis Chalmers
16/3
Kailans TAI
16/
8.
Raubs
$3
at 1/3 1/32 Cash-March and 1/3 April.
Amer, Can
471 491 75 TO
Great Northern Rly." 21 Oreat Western Bught 27 28
232
Holly Sugar Corin
Am... Car & Foundry
Humble Off..
:
Vouezanka told Fida.
U.S. DOLLARS
Amer. Cyanomid .....
24
238
Int. Nickel .
13 cu.
“Hongkong Minos...
"Dorks. WBarves,
#114
32
15.20
15.30
$32
312
$R.34
$114
360
327 827
100
色打
38
ILK. & K, Wharvos. Providente (old!
Do. (new)] 20 cu. H.K. & W. Docks Shangani Docka, S. Now Engineerines S. tands, Hotels, and Bai.dings
H.K. Hotels
H.K Lands....................... Do. 4% Debenturea Shanglu Lands...8.
Metropolitas Lands..
H.K.
China Du
Do. Debentures3. Humphroys
Chincke Estates.
Colton ML
Ewos.
Sim Cotton fold)S.
Du.
{newjS.
Zoong Singe ... S. Wing On Textiles(S.) Ewo Cotton Bus. S.
Pubile Utilities 12
127.
*$100
73
$102
$8.20
$55
$24
137
$136
Tramways beren
13 $13,70 81JĮ
174
Poak Trams (okl) ...
Do. (new)...
$78)
Star Fynosnika (#70)|
844
Yaani Ferries
$10
10 30/40
$10.40
.Do. (now)... $7)
·
Do
Ku
528/03
314
Samlakau Light-
126
Tombones (old).... 2251
$8.30
Do. (now)... $.40
23/0
Traction
£218
23/
Du. (prof.)..
Industrial
31.70- $12,50
Canton Ico
$1.70
Comcate
$12.50
631
$231
Ilopes -
?3)
Miscellaneous “
Dairy Farmase
201
Ch. E'tainmonte......
FERI
Constructions, (old)| x1}
Do,
JG
Lane Crawfords......
$75
Nanyang Tobacco...
$4
Sincere
$1,40
FF
E. C. Enterprises
Cu.G.6%18250.3Bda,
*
Do.
pren. 1.K. Govt (Loan
Paris
Geneva
Berlin
Athens
Milan
China Lights (old)...
H.K. Electrica..... $21
Macna da
1470 Watsons $4,70) |
540
Wallace Harper
B.K Wing da
B'hal
Da
Vibro Piling......
10/0 Marsimons hr. (Lon.)]
3/8
to Wm. Powells
(H.K)
TU CỬ.
•Sales to Bhanghai
LONDON EXCHANGE RATES
There were sellers at 31 1/4 Amer. & For, Power January 31 3/16 Feb March, buy--Amer. & For $7-pf20- ers-at-315/16 Cash, 31 1/4, Feb. Amer. Locomotive $114. March and probably 31 3/16 April
SHANGHAI DOLLARS Nominal 105 7/8. "
SHANGHAI MARKET
There were sellers of Sterling at 1/2 178. buyers probably at 1/2 5/32 January. S. Dollars, sel- iers at 29 13/32, buyers probably at 29 for January.
IN THE AFTERNOON The market was quiet to the Atchison, T. & S. Fe. afternoon.
The murket closed with sellers
at 1/3 Jan.-March and, 1/2 31/32 April buyers at 1/3 1/2 Cash- March and 1/3 April.
U.S. DOLLARS
The market closed with sellers
at 31 1/4 January, 31 3/16 Feb March, and 3 1/8 April, buyers at
31 5/16. Cash. 31 1/4 Ber-March and probably 31 3/16 April.
H. K STOCK ·
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
+
The steadiness noticeable at the end of the year was not dissipated by the New Year holidays, Prices tended to improve, on a compara- tively small enquiry, the volume of business transected is not great, but in the narrow condition of the present market, an air of briskness is readily acquired.
Banks in London continued steady, at the same time aa Far Eastern bonds were marked down further. Locally; shares were sold up to $1490, ras against $445 the previous week.
$104 $10/2
$50
354
Manila advices opened, Arm, but that market has since" quietenied. Land prices have lost a portion of
their recent gains.
'BUSINESS DONE DURING
THE WEEK
H.K. Bank, $1445 $1450, $1740,
1475, 31480, $1490, $1480.
Union Insurance; $510,
Steamboats, $D.
Docks, $274.
Hotels, $5.20, $5.90.
Benalx Aviation
Bethlehern" Steel"
Boeing Airplane
Borden Co...... 1B). Briggs M'facturing 211 Brooklyn-Manhattan
Trans
Brooklyn-Manhattan
36 cum, Dr.
JI
Case, J.Latiasääs Canadian Pacific Celanese Corpn. of
America Cerro de Pepo ..... Certain-Teed P'ducts Chesapeake Corp 414 Chesapeake & Ohio 331 Chrysler Campo...... 401 Columbia GM & E 8 Columbia 6% "A" pf. 72)* Commercis} Credit 344 Commercial solventa 84 commonwealth & S Commonwealth 20
cum. p..
Consolidated Edison 224 Consolidated Ou.... Continental ou ......
291 Corn. Products ... 50 Cartins Wright (C.) 42 Curtiss Weight "A" 163 Delaware & Hudson
14 Del. Lackawanna &
Western Distillers Corpa Sea.
grama
Douglas Aircraft 414 Du Pont
"Rectric Boat'
Bloc. Bond & Share Elec. Bond & Share
$5 pr.
Eleve. Bond & Abare
༈༙・ཧཱུཾཿདྷཛོ ྂ a ཿ ུ ཿ⌘ཤྰཝནྲྀཏྟཏོ =གློནཀྑཤྰཙཎྜ;e ནཱིནྡྷནྡྷཝt ཚ༗ཀྰ གྷཌཱ ུདཿ==་ྗ
1107 118
晤
473*191*
*0. pr........... 551661 Elec Power & Light' 11
33
#
-01-
**191
201
Amer. Metals
34
351
In Tel. & Tel. Int-Dept Stores Kennecnit. Copper. Lambert Corpn.
65
461
71
101
481
7
38 40 111 111
Amer. Radiator
123
13
Loew's Inc.
47
th
Aimer, Rolling MIU. Amer. Smelting
103
201
Lorlard
... 183
471
512
McIntyre Porcupine
Amer, Steel "Faries." Amer. Sugar...
31
26
--207
Amer. Tel. & Tel
1482
140
₫ Montgomery Ward
Amer. Tobacco "B" 68
69%
Murray Corp.......
Amer. Waterworks .... 12 Anaconda Copper
121
Nat Cash Registor 163
314
337
Nat Dairy Products 138
14
36
+387
Nat Distillers
222
221
Atlantic Refining...
STERLING
Atlas Corpp.
81
Bi
New York Central.
164- "18
Auburn Motors
31
Saldwin Locomotivė
57 eum. pl.
lagara Hudson P.
Corpn.
Baltimore & Ohlo... Barnsdall Ou
|
10.
23
.371
38
·41 10
5
218
401
91 91"
1.
29
Pure Ol...
85
77
işi,
Radio Corph of Am Republic Steel
Public Service of NJ, 334 Pullman Inc.
111
12T
62 18
141
401
Reynolds Tobac. "B" 441 St Joseph Lead' Co., Schenley Schenley 5% pt. Bears Roebuck
45)
266
27A
75%
751
67%
724 Southern Pacife........... 177
Shell Union Q11.... 171 177 Socony-Vacuum Southern Cal Edison 223
142
151
23
BANK OF EAST ASIA,
Southern Kly.5% pt. II
121
- LIMITED.
Stud Branda
81
17 LI
384
Stand Gas & Elec. 4+
ST................... 22. 24 Standard O. of N.J. 48
504
Authorised Capital ...$10,000,000, 00. Paid-up Capital ......... 5,598,600 00 Reserve and Undivided Profitabo.com
2,776,796,76
Sterling Products, 54
Swift Interriational 244 Technicolor
25
174 172
Texas Gulf Sulphur 281
.. 291
Tidewater Assoc. 01 147 Timken-Detroit Axle Transamerica
151
119
121
64
78
20th Cent. Fox Films 20
21
147
20th Cent. Fox Films
pi.
27 28 *
On. Carbide & Car-
727
O Pacific
82
85.
United Aircraft
201 20
84
Amoy
34
31
United
Corpn.. $3
31
30%
(British Wireless Service)
Jap... 5
Jan. 8.
Lands, $30, $32.
147-19/04
147-19/04
21.81
21.581
Humphreys, $8.10.
Tramways. $13, $13 $13.80, Mintkute
Elec Power & Light
pf. Firestone ire & R
Un. Oss Tprovem't 103
11
Honolulu Farie
387
Kaba
Belavia London Bombay
Manda
Bydney Caloviia Halboorna dan Fran Talboku Canton Nagasaki Esipt.on Son York Blackaw Unica
Poiping
Bwilow
Un. Light & power
"A"
31
101
US Industrial Alio.
12,41
12.401
$13.55.
Gen. Asphalt ....................
hal
201·
95-1/18
-95-1/16
China
(Old); $10.30,
Btar Ferries, $79, $761, $78. Gen. Cigar ............ 248.
3en. Electric ...................... Lights
Gen. Foods Gen. Motors panipist..
241
US Rubber
234
417
433
Os Rubber $8 pf: 504
301
Us. Steet
564
311
„Vanadium.
16417
· posita - received for one your - OF
6.00-3/18 8.98-3/18
*4.992 2.98
Wallace Harpers, $31.
Raubs," $8.10.
142)
1424
2201
Gen. Railway Signal 20 Gillette Safety Razor Glidden
21 221
Youngstown
Warner Bros Piet,
Westinghouse
&Tube............. 40
..
shorter periods in Local and
Mec, 1004
Foreign Currencies on terms which
Sheet
· 41
will be quoted "on application,
Chase National Bk: 321*·· 337*
National City Bank 27 *
28"
187
Call Money
1%
1%
1ex, div.
• BILA
81
14
607
331
North American
07
Northern Paciau .... 101 Pacific Gas & MEC 277 Pacific Lighting Packard Motors Paramount Pennsylvania R.R Phelps Dodge..... 'Phillips Petroletim
Copenhagen
Suckholm
Shanghai
New York
Amsterdam
Vienna
Prague Helsingfors Lisbon
Rong Hone
Bombay
Montreal
Brussels...
Yokohama
Belgrade
Monte Video
Rio.
Bucharest
Ailver (Forward)
Silver (Spot)
War Loan
Op LowDog:-
5.00-3/16 29.471
4,997 29.45€
251
2-36/84
2-33/64.
19-0/10 191 -31% 102.
Closing Quotations
January 7, 1928..
Telegraphic Transfer.... Bank Dills, on demand 1/RE
Credits, four months'
Fight
Os Brangud :—..
On Demind
DW SINGAPORE:-
On demand
On demand
LEDIA:-
18.3/16 19-7/10 31% 101-15/16
Os New York-
Bank Bills, on demand 2015/16 Credite, days, sight, 317/16 OF BATAVIA:
On demand
easts. St
OX PARIN:
Bank Bills, on demand 810 Credits, manth's might 970 Ox-Baro
On demand tumors.
901
1/3.
1042
ÖR MANILA I
108)
Talographle Transfer... ]es
Mank, on demand..............
na damsad ............. 011. Ok Bamakox:
On demand... 145], SOVEREIGNS Bank Baying
Rats
y me and
1/3 1/8t Bir Greg, der
197/16
$10.40. Telephones (Old), $26. Electrics, $30.85, $50, $524, $53. Cements $12.70, $12 80, $12.85.
Govt. 4% Loan. 4% pm.
1938 PRODUCTION
Dutch Calculations Of Tonnages
Gold Dust
Goodrich (B),) ------ 151 Goodrich #5 pt., 57
Goodyear........
1
FRANC COVERAGE DECLINE
INDIA RUBBER CO.
Bir Walrund Sinclair has built- Paris, Jan, f.
up, in the British Tyre and Rüb Gold coverage of
the francher group, one of the soundest and markedly declined during the last The drastic cut of the tn quota week, namely from 53.41 percent to
most progressive manufacturing. has been welcomed in Dutch quar- 50.53 percent, according to the ces the country, says-the- ters as it will no doubt put an end weekly statement issued by the to the weak tone
Bank of France Note circulation marget, though on the other side, increased by two and a half million it will entail heavy sacrifices and francs to 93,838,800,000 francs.—
of the
| technical difficulties, both
for Transarean News Servies
Malaya and the Netherlands In-
dies, writes a correspondent.
That against these sacrifices the
meeting of the India Robber Gutta Financial News, London. At the
Percha and Telegraph Works, Co. a prominent member of the group he detalled principally the re- organisation measures which have proved- such a successful feature
Safe Deposit Boxm To Let
GRAN TONG PO.
Chist Manager.
REICHSMARE
QUOTATIONS
Berlin, Jan. 7, The Rechamari was quoted. without guarantee, at-
New York, 40,31
Paris, 1188AST Amsterdam. 72.365 London, 12407
Paris sterling 147.27 to 147.31, Paris dollar 20.465 to 29:472. Transocean News Service."
of the group's policy. New build-pany's activities has proceeded.
SHOU J. CHEN
Harage*
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
Yen 100,000,000 trị Reserve Fund... Yen 134,400,000.0
HEAD OFFICE-YOKOHAMA
·BRANCHES AND, ÅGKKULI ATAS Alexandria Honolulu Bangoon Bangkok Hainking Rio do Batavia Karachi - Janeiro Berliu
Kobe SAD: Bombay
London Francisso Calcutta Los Angeles Seattle Danton
Dairon
"
Manils Semarang Moji Shanghai (Dalny) Nagasaki Singapore" Fangtion Nagoya Soerabaya
(Mukden) New York Sydney Hamburg Osaka
Tientein Tokyo
Yinkow
Hankow Otaru countries that have been unable Quota will be reduced to 70. perings have been equipped with new and; in this connection, the cam-Harbin Paris Tsingtao to produce up to their quota have cent. The Belgian Congo, Bolivia plant, in the process of which pany's interesting cable manufac-
Hong KongPeiping been willing to abandon their car and Indo-China will transfer their many awkward removal problems ture has been transferred to cer-Inferens allowed on Current As ry-over and part of their 1938 carry-over to be divided propor had to be overcome. There was an tain cable makers in return for a coviet production' ik,considered here as a Wonately. among Malaya, the unavoidable, but temporary, in number of cash payments. As the Doposita zocsirad for Fixe clear indication that co-operation Netherlands Indier and Nigeria, predse in costs..
company's overseas trade is ex- Periods at rates to be obtained or between the signatory countries In This carry-over" amounts; to 1,155 The work is riot yet completed, panding, though perhaps not so application. still unhampered.
ions for the Congo, 4,118 tons for but the back of the task has been rapidly as its home trade the
Y. KANO. The new regulation, I learn, nar» Bolivia and" 288 tons for Indo~ | broken", Bimultaneously the fur- "'outlook can be regarded with
down to the following:- 'China, totolling 60,519 tons." ther rationalisation of the com- optimism,
rows
Manager.
Hong Kong, 17th Sept. 17,
སྦྱོH, Lžཙམྨ ྂཐཱཀྐཾ ཿམྦཀྑུ11pea it❁gཀྰnནཱིཐཱཨྰཿཙ། ཨྰཿབྷོཙཀྐོབྷྱཿཡྻ མྦ ཿ བྷ ཚོ ཨཊྛིཀྑུཙྪིབྷཱབྷཱཝཏྟཱ, ཙིནྟཱིཡཾ
S. H. Dodwell, Esq., J. B. Masson, E
K. S."Morrison, Esq.,
Hon. Mr. J. J. Paterson,
CZBU
174
484
McKessori & Robbins 303 Monsanto Chemical 88 91 32 34
Nat Power & Light 73 74
Stand Gas & Elec
"
Un Airline TTANSTM
port
Unired. Corpn. "...që
421
T. E. Pearce, Esq., A L. Shields, Esq., Sir Vandaleur M. Grayburn,
HAIPHONG Chief Manager.
"Branchas:—
Amagoiln- Peiping-- Bangkok 1pmb Penang Batavia Jukure Rauguon
Saigon Bombay Kuba
Kowlood. Calcutta Canton Kuala Chefoo
Colombo
San Fran-
Lumpur Shanghai London. Singapore Sourabaya
Dairea Lyons...
Foochow Malacca Sungei Haiphong Manila Hamburg Muar Hankow
Harbin
(Johore) Tokyo Mukden
Tsingtao
Hongkow New York Yokohama
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and Sterling "ou 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 Bark is condunted by the HONG KONG & SHANGHAI "BANKING CORPORATION, Rulas
may be obtained on application.
For the Hong Kong & ShangeAL,,,
BANKING CORPORATION.
V. M. GRAYBUHN,
Chief Manager. Hong Kong: 1st March, 1937.
HEAD OFFICE:-Horo Kong'
No. 10, Des Voeux Road, Central.
Board of Directors:--
TONGLAN
(Bhuket
'NW YORK TRINITAO HAKBONO PRIPING ΤΟΞΟΠΑΜΑ __MANKESP——————- (Peking)~~am UYGA
HARI PEKAND HONG KONG "MANGOOR
FORLION EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS receive for Ose Year or shorter periods at rates which will be quoted on applic tion.
The Bank's Head Office in Lan- don undertakes Executor & Trustr bunïnnas, and. elnims recovery of British Income Tax overpaid, on terms which may be ascertained na any of the Agencies and Brazobos.
B. W. ROBERTS,
Manager.
THE CHASE, BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STALK,
NEW YORK.
An American Bank offering com
plète Foreign Banking Services in the principal Markets of the world.
1,
Interest Rates of Application..
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BANK, NE
YORE, with Resources over U.B. $2,500,000,000.
D. M, BIGGAR
Manager.
BÁNK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF OHINA AS AN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL... $40,000,000.00 TBRANCHES ALL OVER CHINA)
Owing to our numerous Branches
Sir Shouson Chow, Chairman » Li Koon Chun, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. Wong ChuBon, Esq. Wong Yun Tong,raq Kan Ying Po, Esqin China and connections in the Chan Ching Shek, z'ong Ping Wah,
Esq
Kan Tong Po, tag, Chiof Manaqur. Li Too Fong, Esq., Manager,
Branches and Agencies ;-
Kowloon Penang Sourabaya
Bangoon
Balgo
"diago: Tientaln
Saarle- Tekre. Bemarang) Vasoenter
· Bhanghal Yokebum
Every description of Banking and Exchanga business transacted.
granted 00. Approved.
Current Accounts opened in
J.Jan
securities.
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:
. KONGMOON TOISHAN KINGCHOW
CANTON SWATOW SAIUCHOW
We also handle the issue of Bonds and other Public Funds of the
and "Abroad.
Local Currency and Fixed De Chiness Government both at Home
MADRAS
...
COLOMBO
MANILI
DELAI
MEDAN
Patani Tientsin"
ci
A