Do.
187
1945
191
15/6
8139
$32
$100
$3
$36
3100
84/44 | Shells .................
Mining
Kailana
790 Laub.ne
墨子
Venezuela Gold Fids.!
10 ct. "Hongkong Mine...
Docks, Wharvo,
Gindowns, ete.
H.K. & K. WhaTTON.
83.45 Provideats (old)... 83.40
$8.80
Do.
New Engineeringe S. Lands. Hotels, zod Buildings
H.K. Hotels.......... H.K Lands.........8. Do, 4% Debentures
!!!!
$1.45
(DOW) 45
$3.40 $1.45
***
100
1.K&W. Docks Shangasi Docks S.
324/30
1100
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Bayc alfons
Exchange
Nominal
MONDAY. MARCH 21.
Sharebrokers' Association
Bugarh
Ballery
dalin.
THE EXCHANGE
MARKET
"'
MESSES. ROZA BROS. Silver prices were unchanged over the week-end for both de- liveries, the quotations being 20 9/16 for Ready and 20 178 for Silver advices reported, Forward. speculators as having sold. There
some
The bear covering.
American Sil- marke was steady. ver was quoted at 44, 3/4" for Spot. The London-New York cross- rate
Bank,
91,480 1.K. Banks
E11
Say
....1,490 Fo. (London) «*** Chartered Banks ... Marcantile Bkя. "A"
1.490
286 £114
£14
were
214
$80
Bank East Asia...
180
N. U. & S. Barks ... Insurances
32
$275
Cauton Insurance...
$540
Union Insurance ...
1975 3035
Underwriters are
H.K. Fires.....
$84%
1/2.
Shipping
Douglassa
167
BISA
Steambts
$154
Iade-Chinas (prof.)
124
Do. (dot.)
Waterbents
ស.
361 124 24/44
1+
was quoted at 495.87. New Yerk-London was quoted at 4981
MARKET
The market was steady, business was slack.
STERLING
There were sellers at 1/2 15/16 March-April and 1/2 29/32 May July, buyers at 1/2 31/32 Cash- 10/8May and 1/2 15/16 July, prob- #7.8ably June. $3.40!
US, DOLLARS
A small transaction was reported at 30 15/16 March. There were sel- lers at 30 15/16 March and 30 7/8 $13 April-May, buyers at 31 Cash-April
and 30 15/16 May-June.
SHANGHAI DOLLARS
NEW YORK
New York; March 20
STOCK
EXCHANGE
(Through Reuter's Service)
New York/London Crusi-Tauc Now York Cutton-May. Now York Rubber-May," Chicago Wheat" --May. Chicago Corn -May. Winnipeg Wheat-May. Silver--Oficial
STOCKS
Adams Express Alleghany Steel Co. Allis Chalmers........ Amer. Can
Amer. Cynamid. "B" Amer. & For, Power
FINANCE
TUESDAY, MARCH 22, 1938.
BANKS
QUOTATIONS
Last High Low Clone
67) 60
Today's Close 4.94-15/18 4.93) 8.85 $70 9.54
8.76 13.91 13.90 1370*.
96) 60+ 60
Change
1-0.18 up
.za up
13.80
,3)
嗯
88)
R
7/8 off
Sterling
..........£8,800,000
1/8 o
119
118
120)
441
119 unquoted
.1 off
$20,000,000
1837
11
High Low Dow Jones Averages, 194.40 113.64 SD Industrisia
64.46 23.71 20 Rail 27,54 17.68 gb Utilities 105.89 86.52. J Bonds
89.44 69.01
Mar. 18.
118.41
13.71
High Low Close 181 00 118.74 120.43 23.55 23.43 93.68
Change 203 up
.03 oft
17.68
18.03 17.79 17.93
.28 up
8.52
86.79
.47 up
Commodity Index $2.06
62.00
.03 up
Business Done: -440,000 shares.
Last Sale
STOCKS
Last Sale
Mar. 18 19
&#
81
Humble Oil....
Mar. 18 19
65
65+
15 152
Int. Nickel ......
471
481
Hi 451
Int. Tel. & Tel.
87
71
G. Miskin, Esq.,
821
83
Int. 'Dept. Stores
83
Bi
K. 8. Morrison, Esq..
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital *......$50,000,000
Issued & Fully Paid-Up 820,000,000
Reserve Funds:-
AUSTRALIA AND CHINA -Incorporated by Royal Charter, 1955
HEAD OFFICE: LONDON: 38, Bishopsgate EC.2.
H.K. Currency Reserve 810,000,000 Paid-up Capital.
Reserve Liability of
Proprietors...ta
Head Ofce:-HONG KONG
Board of Directors. T. E. Pearce, Esq.,
Chairman.
Hon. Mr. J. J. Paterson,
Reserve Fund Reserve Liability of Pro- priators
SAIGON
MANCHESTER BRANCH:.. 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALUR STAR
1KO:LO" ПРОД KARACHI KLANG ROBE KUALA
Deputy Chairman. AMITSAR
J. K. Bousfeld, Esq., A. H. Compton, Esq...
Hon. Mr. S. H. Dodwell, Hon. Mr. M. T. Johnson, J. R
Masson, Esq.,
BANGKOK
BATAVIA, DOMBAY
CALCUTTA
LUMPUR KUCHING MADRAS
TAIPINO TIENT IN
£3.000.000 ...£3.000.000
23.000.000
21
21
Kennecott Copper
344
361
A. L. Shields, Esq..
3
-31
Lambert Corpa. ......
10t
104
Sir Vandeleur M. Graybura,
| CANTUN
CAWNPORE CEDU COLOMBO DILHI
SEMARANG
SEREMBANG
*MANUHAL
BINGAPOR
SITIAWAN BOURABAYA
MANILA
TONGKAH
MEDAN
Amer, & For. $7 pt.
18
181
Libbey-Owens- Ford
Chief Manager, HALFUONG
KAMBURG
Amer. Locomotive
161
173
Glass
281
203
HANKOW
Amer. Metals .............. Amer. Radiator ......
30
314
Lockheed Aircraft ...
Z
73
Branches:
11
114
Loew's Iric.
421
431
Amoy
Ipoh
Amer. Rolling Mill...
171
171
Lorillard
16
151*
Bangkok
Johore
Fenang Rangoon
Amer. Smelting ......
44
151
McKesson & Robbins
Batavia
Kobe
Saigon
Amer. Sugar Ring... 272 Amer. Tel. & Tel.
27
$3 pf.
321
32
Bombay
Kowloon
San
Calcutta
Kuala
Nominal.
中
126
1274
Martin. Glen L...
171
181
Canton
Lumpur
Amer. Tobacco "B" 86
66
Monsanto Chemical 83}
835
Chefoo
London,
Shanghai Singapore
SHANGHAI MARKET
Amer. Waterworks...
77
81
Montgomery Ward...
913
221
Colombo
Lyons
Nominal.
Anaconda Copper ...
30"
301
Nat. Bond Invest-
D'airen
Malacca
IN THE AFTERNOON
Atchison, T. & S. Fe.
281
291
ment
121*
13)
Foochow
Manila
Patani
$8.70
$334
The market
was dull in
the
Atlas Corpo, meskie
61
81
Nat.
Cash Register 15 151
"
Haiphong Muar
Swntow,
$100
afternoon.
Auburn Motors
4
31
Nat. Dairy Products 13
Hamburg 131
(Jahara) Tientsin
07
Shanghai Lande....
STERLING
Baltimore & Ohio
51
Nat. Distillers .........
201
201
Hankow Mokden. Tokyo
Harbin
New York
Tsingtao
Metropolitan Lands..
The market finished with sellers
B'more & Ohio Pid.
7
.77
Nat. Power & Light
મ
Hongkow Peiping
Yokohama
15.00H.K. Realties..........
$5.40
*01
195
Humphreys **** Chincae Fata LOR........
F9
at 1/2 15/16 March-April and 1/2 29/32 May-July, "buyers at
1/2 15/16 31/32 Cash-May and
Barber & Co.
151
153
Nat. Supply Corp. 181
19
Iloilo
1/2
Barnsdali Oil
121 131
New York Central
121
131
Bethlehem Steel
531 55+
Niagara Hudson P
Current
Cotton Mills
314 $71
E
BUL
July, probably June.
Boeing Airplane Co.
27
281
Corpn.
ช
62
S'ha Coltons......S. Zoong Singe...S.. Wing On Textiles(S.)|
Ewo Cotton Bts. S
$70
".
U.S. DOLLARS
$24
The market closed with sellers
Borden Co. Borg-Warner
171
N. America Aviation | 74.
72
Accounts Local Currency and Fixed Deposits received for one year or shorter
opened in
Francisco
Sourabaya.. Sungei
HARBIN
EDONG TONG
YOKOHAMA
(Peking) ZAMBOANGA
FRNANG
RANGOON
FOREIGN EXCHANOS and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at ratas which will be quoted on applica. tion.
The
Head Bank's
Office io London endertakes Executor and Trustee business, and claims "re- Income Tax covery of British overpaid, on terms which may be ascertained at any of the Agencies and Branchés.
R. W. ROBERTS,
Manager.
NEW YORK PRIPING
(Bhuket) TSINGTAO
211
204
North America Co. 18)
178
periods in Local and other Cur-
133
at 30 15/18 March and 30 7/8
Briggs M'facturing..
191
20
Northern Paciác...
Bi
B7
Publia Utilitles
#14,80
$7
$14,00
Tramway
215
April-May, buyers at 31 Cash-April and 30 15/16 Map-June.
Trana,..... Brooklyn-Manhattan
Brooklyn-Manhattan
Pacific Gas & Elec
254
251*
rencies on terms which will be quoted on application.
})
THE CRASE - BANK
→
81.
8)
Paclic Lighting
35.
35 *
Packard Motors .......
4
4
Pork Trams (old) ...)
231
Do. (now)... $3
104
8341
Star Ferries
184
$6 cum. pf.......... Case. JI.
25
251
Paramount Pictures
73
-72
Hong Kong, 26th Feb., 1938.
782.
80
Paramount 1st. pt.
ao
72 *
8291
Yaumati Forries...
$281
H. K. STOCK
Canadian Pacific
5+
€
Pennsylvania R.R....
171
18+
$12
Chins Lighta (old)...
$12
Celanese Corpn.....
∙131
133
Phillips Petroleum....
3
36
$9.30
Do. (new)
39.40
Do.
IZER....
EXCHANGE
Cerro de Pasco .......
361
371
Public Service of N.J.
291
301
Chesapeake Corpn.... 35
35
Pure Oll
11
111
1981
H.K. Electrica ...*****
แอ
Macao do.
Chesapeake & Onto 281
29]
Radio Corpn. of Am. 557
551
Sandakan Lights ........
#27
Telephones (old)...
|#10,60
Do.
· (ROW)...
$10,58
12/0
::
Tracţiona
92.6.
22/0
Do. (prof.)....
Industriala
$143
Cald., Macg. (Ord.)S
812
Do. (Pref.)S
$1.70
Canton Ices
$1.50
!!
$171
Cements
117.10
17.17/1
24.05
Roper
2
Miscellaneous
1201
$7
pm. 1
$39
851
3/10
$2.20
39)
16.70 Ch. E'tainments......
Constructions, (ald) $1
Do.
Lane Crawfords....
Nanyang Tobacco..
Sinceros
Watsons
S. U. Enterprises.
70% Ca.G.5%1926G.Bda.
87.pa H.K. Govt. 42 Lowas
Wallace Harper.. H.K Wing On S'ha
Do. *...... $43 Vibro Piling.......... 17/6 Maramans Ir v. (Lon.)
Dairy Farma.****
CD 36.70
(new)
Do. 31%
ཀྱུས་པ་ #
+12
China Underwriters. $2.
39
YESTERDAY'S
OFFICIAL QUOTATIONS
The market opened dull and un- certain, but during the course of the day buyers appeared, resulting in the market becoming both ac- 498lve and steadier. The closing tone is steady with buyers predominat- ing.
CD $25)
BUYERS
Bank of East Asia. $80.
Douglases, $67.
Commercial Credit... Commercial Solvents Commonwealth & S commonwealth & S.
6% cum. pl......... 321 consolidated Edison 201 Consolidated Oil Continental Can
Chrysler Corpn.
481
50
Republic Steel
15%
161
Columbia" Gas & El
61
62
Reynold Tobac. "B" 387
371
Columbia 6% "A" pf.
71*
717
Schenley
20
201
31 -
311
Schenley 54% pt.
791
80
7
7
Sears Roebuck
55
551
13
13
Shell Unton Oi
12 134
Socony-Vacuum
131
13%
33
Southern Cal Edison
Hong Kong, 26th Feb., 1938.
201
201
201
Southern Pacific
123
131
B
81
Southern Riy (com)
8
401 401
Southern Rly "A"
114
13
Continental Of........ Corn, Products
201
26.
Standard Brands ....
BANK OF EAST ASIA, LIMITED.
7
71
601 303
Stand Gas & Elec.
Curtiss Wright (C)
4
41.
Stand Gas & Elec.
31
3A
Authorised Capital ....$10,000,000,00|
:
Cartiss Wright "A"
158
161
$7 pi.
18
18
Paid-up Capital ......... 5,598,600.00
Reserve and Undivided
Delaware & Hudson
93
10
Standard Oll of N.J.
461
471
Profits
$4
Providents (Old), $3.45.
Del. Lackawanna &
Sterling Products ...
58
574
$240
H. & S. Hotels. $6.85.
Western ****
54
53
Studebaker
Corpn.
41
5
$6.50
HK. Lands, 4% Debent. $100.
Deere Co.
213
22
Swift
Internationa:
231
23
70%
Chinese Estates, $95.
Distillers Corpn. Sea-
Technicolor
18
181
1108
H.K. Tramways, $15.
grams
11à
12
Texas Corpn..........
33
391
$101
Peak Trams (Old), $7.
Douglas Aircraft
381
401
Texas Gulf Sulphur 301
301
Star Ferries, $81.
Du Pont
112
113
Tidewater Assoc. Oil
121
130
**
85.40
HK Electrics, $584. Sandakan Lights, $141.
Eagle Picher Lead
81
91
Transamerica (new)
10
101
Electric Boat
72
8
20th Cent. Fox. Fims 20k
201
Cements, $17,40.
Elec. Bond & Share
61
63
do.
Films pi.
274
27
ERI-
WOL. Powells
(ILK)
70 cts
•Sales to Shanghvi
LONDON EXCHANGE RATES
Sincercs, $2,20. Constructions, $1į.
Marsmans (HK), s/-3/10.
BUYERS
Elec. Bond & Share
Union Carbide
&
$5 pf.
Elec. Bond & Share
$6 pf.
50
Elec Power & Light
(British Wireless Service)
H.K. Fire Insurance, $245. Lane Crawfords, $94. Vibro Piling. $51,
Elec. Power & Light
$7 pf.
Mar. 17
March 19
Finthoit
Paris
Geneva
1601
161-7/16
21.631
21.631
Berlin
12.37
12.30
Athens
Milan
941
941
Copenhagen
SALES
China Underwriters, $1.95/2.05. H.K. and W. Docks, $33/334. Providents (Old), $3.45/50.
H. and S. Hotels, $6.65.
H.K. Lands, $36.
Freeport Sulphur
25
Gen. America Trans 351
Gen. Cigar
Gen. Electric
Gen. Foods
Gen. Motors .....
Stockholm-
H.K. Electrics, $581/7.
Shanghal
1/2
19.414 1/12
Gen. Railway Signal 17
Star Ferries, $841.
Glidden Co.
New York
4.982
Dairy Farms, 5244/5..
4.95-13/18
Godchaux
Sugar
Amsterdam
8.98
8.98
Vienna
(Prices below in Phil. Currency)
Antamoks, Ps., 49.
Class "A"
Goodrich (B.F.)
Prague
Helsingfors
Lisbon
142-1/16
1417
Atoks, .26
Baguio Gold, .20
3
Goodrich $5 pf. Goodyear Tire & Co. 20
€ 88EE 1988
481
43 *
Carbon
ΤΟΥ
7:01
Union Pacific
651
67
50
United Aircraft
231 247
'81
81
United Airlines Trans
61 B1
United Corpn. ........
21
21
Amoy
Branches and Agencies :---
Kowinon Penang
Bourabaya
Batavis
Condos
Rangoon Swatow
33+
33 *
United
Corpn.
$3
Bombay
Manila
Saigua
Calcutta
141
14골
cum pl......
271
27 *
Onta
26
United Gas Corpn.
31
32
phong
Naga! Son York Boattle
Hankow
Oma
364
Un. Cas I'provem't
91
91
Honolulu
Paris
Kabo
Pelying
Shorba Singapore
244
24 *
Un. Light & power
2
.. 21
3
36
367
US. In'trial Alcohol
16
161
261 27
US. Rubber
304
311
321 337
US. Rubber pí.
781
79
Loans
ол granted
approved
174
U.S. Smelting
65
€5
| securities.
17+
171
U.S. Brecl
494
51
Vanadium
151
157
Warner Bros. Pict....
41 41
15
15+
Westinghouse Elec.
844
861
461* 481*
Rong Kong
1/2-15/16
Benguet Consol., 9.50 Coco Grove, 49
Bombay
Montreal
Brussels
4.98]
4.982
Consolidated Mines, #11 Demonstrations, 34
Great Northern Rly. 17 Great Western Bugar 27 Greyhound Corpn. 97 Hecker Products ...
201 17 27* 101.
6
Woodward Iron Cor. 13) Youngstown, Sheet
14
one year or periods in Local and Foreign Cur rencies an terms which will be quoted on application.
Also up to date Safe Deposit 15, QUEEN'S ROAD CENTHAL Boxes in various sizes To Let.
HONG KONG SAVINGS BANK
The Business of the above, Bank is conducted by the HONG KONG SHANGHAI BANKING COR PORATION. Rules may be ob- tained on application.
For the HONG KONG & SHANGHAI BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager.
HEAD OFFICE: '
19, PINE STREET,
NEW YORK.
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 CHABE NATIONAL BANK, NEW Youx, with Resources over U.S. $2,500,000,000.
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by
2,776,726.70 THE NATIONAL GOVERNMENT
OF CHINA AS AN INTERNATIONAL EXCHANGE
Head Office:-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directors; -- .
Sir Shouson Chow, Chairman Li Kona Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuSon, Esq. Wong YunTong. Esq. Kao Ying Pu. Eng Chan Ching Shek, Fung Ping Wah,
Esq
Kan Tong Po, Esq., Chiof Maangar. Li Tse Fong, Esq.. Manager.
Melbourne Ban Pran Tainoku
Hydney
abcs Tientada
Tokyo
BANK
PAID-UP CAPITAL...840,000,000.00 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 to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI
Hongkong Branch:
4. QUEEN'S ROAD, C.
South China Offices:
Semarang Vancouver
Yokohama CANTON
SWATOW
Every description of Banking SHIUCHOW
aad Exchange business tranzacted.
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds
and other Public Funds of the
Current Accounts opened in Local Chinese Government both at Home
Currency and Fixed Deposits re- ceived for
shorter and Abroad.
SHOU J. CHEN
Manager.
29.534
29.46
Yokohama
Belgrade
Monte, Video
Bucharest
Rio
Biver (Forward)
Silver (Spot)
20-1/36 .201
201
20-9/16
A.K.
.31% 1005.
Wer Loan
ON LONDON:
Closing Quotations
March 21, 1938.
Telegraphic Transfer... 119 Bank Bille, on demand.13 16 Credita, 4 months' sight 1/3-1/18
ON SHANGHAI-
On demand...............
1041
On demand ... $213/16
ON SINGAPORE:-
ON JAPAN-
On demand
ON INDIA.
Telegraphic Transfer... ) Bank on dernand
ON NEW YORK:-
Bank. Bills, on demand 301 Credits, to days' sight' 311
ON' BATAVIA
On demand.........än
ON PARIS:-
65-5/18
Bank Bills, on demand 885 Credits, 4 months' sight 1,060.
ON SAIGON:-
ON MANILA:-
Paracale Gumaus, 21 Ban Mauricio, 46 Suyoc Consol., 16 United Paracales, 41
SHAREBROKERS' | ASSOCIATION
BUYERS
Underwriters, $2.05. Providents (Old), $3.45. Providents (New), $1,40. HK, Docks, $33. Hotels, $6.85. Trame, $15,
China Lights (Old), $11.70.
Electrics, 358)
Cements, $17.30.
On demand
San Mauricio, 77 cts.
SALES
On demand
*1*
HK. Docks, $321/331.
ON BANGKOK-
105)
Hotels, $61.
On demand
1501
Trams, $15.
Bovereign Notes
China Lights (Old), $11,70,
Bank Buying Rate.....
1/8
San Mauricio, 78 cts.
BAR SILVER, per os, mine
90-9/16
SERICULTURE INDUSTRY OF KWANGTUNG •
MINING NEWS
Sir Henry Page Croft's Figures
Manila Semarang Moji
Sbanghai
Nagasaki Singapore Nagoya Sperabaya
Yen 100,000,000.00 Yen 135,900,000.00
Head Office:-YOKOHAMA
Sir Henry Page Croft, MP,
BRANCHES AND AGENCIES AT: NIECO MINING Company re-chairman of the executive on Alexandria Honolulu Kangoon
Hsinking Rio do elected its board of directors at the mittee of the Empire Industries Bangkok
Karachi Janeiro The Sericulture Bureau of the annual meeting held recently, as Association, has sent a New Year Batavia
Kobe Вал London Francisco Reconstruction Bureau is negotiat follows: L J. Coote, president; 8. message to its members quoting Berlin
Calcutta Los Angeles Seattle, ing with the Provincial Bank of J. Wilson, vice-president; Mariano figures to justify the tariff policy Bombay
which the association haa
Canton Kwangtung for a loan of $10,000 Alondres, Joe Reich, and Juan Na-for
Dairen. to help the raw silk industry in bong, secretary-treasurer. The an- worked.
He points out that Free Trade
(Dalny) Shuntak Hatch by repairing dykes nual report was approved, as was and preventing inundation, states the balance sheet of the company. predictions concerning the tariff Fengtien
have been falsified. By far the (Mukden) New York Bydney North, Mindanao Mining", Com
Osaka
Tientsin pany, Inc. produced P.12,740 during greatest rise in imports has been Hamburg
Hankow Otaru
Tokyo A further loan of $200,000 is the month of February, according in raw materials. 82 per cent.
Harbin Paris Tsingtas needed to help the silk industry to a report released by the office Manufactured exports have gone up
Hong Kong Peking Yinkow in Lankiao, and the Bureau is of the corporation.
by £112,000,000.
Intereat allowed on Current the duties is hopeful that it may be obtained HOMESTAKE GOLD Mines, Inc.
Revenue. From
Accounts. Bank of Communica- reports that development work on estimated for 1937-8 at £45,150,000,- Deposits received ...for Fixed tions and the Provincial Bank of it Itogon property is progressing and employment has risen since Periods at rates to be obtained Kwangtung.
with encouraging results.
1931 by 2,000,000. The cost of food on application. Loans will also be negotiated Tomas O. Magno, secretary, told at 45 per cent. above the pre-war by the Bureau to help farmers the Bulletin that machinery will levél is still 14 points below 1929
under Free Trade. arrive shortly from America," and kritting factories.
& message from Danton.
from the
•
Y. KANO,
Manager
Hong Kong, 10th March, 1938.
t ex div.
33+ & Tube Chase National Bk. 291, 30 * National City Bank 231 231* Call Money
1% 1%
• bld.
35
Safe Deposit Boxes To Let..
KAN TONG PO,
Chief Manager. THE YOKOHAMA SPECIE BANK
TARIFF VINDICATED
LIMITED
Capital (fully paid up)
Reserve Fund
PHILIPPINE