PAGE 12 HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Bell
Exchange
MONDAY. MAY 16.
Blanke
$1,485 R.K. Banks
Sharebrokers' Association
| Mayoru
160
$1,695
£94
Ba. (London)...
213)
Chartered Banks...
List
· 220
Mercantile Bks "A"
£14
Do.
C
214
390
Bank of East Asia....
$90
N. O. & S. Banke....
.33
Insurances.
$287.
Canton Lasurance.
$157
$625
Union Insurance ........
$630
Underwriters
31
#232 8.K. Fire...............
$933
Shipping
Douglases"
$80
Sombo
199
100
Indo-Uhinas (prof)
351
121 3851-
Do. (def.)
$24
Shelly
83/-
8.90
15/0
29.80
Kallana Raube
12.60
1 fets
Hongkong Minos...
Docks. Wharves,
Godowns, `ets.
$137
H.K. & K. Wharvoa.
·8137
33 30
$3.85
Providents folds ...
$3.0
13.57
34.7)
Da
(Dew)
23.70
lex.rt. 2
H.K&W. Dock
392
1212
Do, (now)
1211
Do. (rta)
110
Shangnai Duck
$100
#405 New Eaginserines 8.
$7,10
$37 B101
11
::
17.25/35
111
$99
Waterboute
Mining
Venezuela Gold Flds.
.ands, Hotels, unë
Bulidings
H.K. Hotels.
!!!!
79j
#2
++
$7.15
3102
H.K Lands........ $37
Do. 4% Debentures
Shanghai Lands.
Pabile Utilities
Tenways
Metropolitan Landa..
H.K.
Balties...
$53
$9.15
Humphrey
............
$5.80 $8.10
32002
Chincus Estabas, an
Cotton Mi
$127
Ewos
$12.35
875
S'hai Cottons....S
Zooag Singes.
$70 074
845
Wing On Textiles(3.)
Ewo Cotton Hts. S.
77.20
Peak Tesna (vld) .........)
Da
(DOW)...
187
Star Ferrien os
180
Imati Ferries OB.3
Do.
rts. 8
$19
39.20
Da (now)...
$601
#61
1177
H.K. Electrica...... $50} Macao
201
$29
$10.90
China Lights (old)....
Do, Rts ...
do.
Sandakan Lights...
Telephones (old)...
Do
(new)...
Tractions ....
Do. (prol.)
a
23:0
23/6.
Industrials
$14)
Cald, Macg, (Ord.)S
$12
Do. (PreLis
$1,70
Canton Ices
$1.80
517;
17.80
Vementa
$1.70
open
$4.80
Miscellaneous
$241
$25
Oxiry Farma
$95
$1
se to Ch. K'tainment.......
Constructions, (old) $11
Do.
(DOW)
$91
Lane Crawford..... Nanyang Tobacco...
CD
$2.55
#01
$2.20 Sinceros
Watsons to SMEDE s. C. Enterprises...
79% Uu.G.5X19230.9 Bda.
H.K. Gevs. 4% Loans
Wallace Harper.......
6% park.
Do.
31%
2.
KK Wing D
O
$50
S'hai
18 Vibro Piling
114 Maraman's Inv. (Lon.}}
P. And 0. Stockholder's Rights
(BY AIR MAIL)
London, May 6. circular string A
counsel s opinion respecting the rights of the Preferred and Deferred stock- holders of the P. & O. Steam Navigation Company in the event of a liquidation, is being sent to stockholders as a result of questions addressed to, the late chairman of the company. Lord Craigmyle. at the fast annual meeting.
4
The
ฟวง Arst raised matter about 10 years ago,
says The Times. Counse! then expressed the opinion that as the company's deed of settlement and charters were silent on the point the ordinary rule would apply, that La to say, the assets would be distributable among the Prefer- red and Deferred stockholders in proportion to the respective nominal amounts of stock held by them.
As certain stockholders" still en- tertained doubts "on" the subject, the board decided to obtain a further legal opinion. This con- Arms the previous opinion as re- the gards the application of ordinary rule.
AN EXCEPTION
But the view is also expressed that there is sufficient lidication in the articles to create an excep- tion respecting any surplus of total paid-up assets
over the capital which could be shown to represent undivided profits pro- perly available for dividend but carried to, reserve or suspense and not required for any of the pur- poses set out in the company's charters
ac
17
FINANCE
NEW YORK STOCK EXCHANGE
(Through Renter's Service)
New York Cotton-July, New York Kabber-July. Chicago Wheatly. -July, Chicago Corn Winnipeg Wheat July.
1938
*Hiki Law Duw Jones Averages
134,96 98.95 30 'Industriala
43
32
Adams Express.... Alleghany Steel Co. 15 Allis Chalmers ........ Amer. Can.......... 874 Amer. Cynamid "B" 183 Amer. & For. Power Amer. & For, $7 pt. 204 Amer. Locomotive ... Amer. Metals........ Amer. Radiator.......
161 Amer. Rolling Mill ....... Amer. Smelting ...... 371 Amer. Bugar Ring Amer. Tel. Tel.
27
131A
Amer. Tobacco "B" 71. Amer. Waterworks... 101. Anaconda Copper ... 281 Atchison, T. & 8. Fe. 201
Counsel advise that, "In cordance with the decision of the
case of case. JL Court of Appeal in the the Bridgewater Navigation Com-Ganadian Pacifie $14
pany: the Deferred stockholders Celanese Corpo. $110 would be entitled exclusively to $9.10
any such uncapitalized surplus profits.
ACADEMIC INTEREST In any case the question can- $37.80
10.90 not be settled finally in advance 9:9/0 of a liquidation, and then only by refe.ence to the state of affairs
at the of the company existing time. It will not arise if surplus profits are distributed by way of dividend before liquidation.
$17.62
78%
$106
$104
52
35
70 cta
No liquidation of the company. which last year celebrated its centenary, is contemplated. and such development in future seems.
that stock- most improbable, so holders may well regard the ques- tion as having only academic in- terest.
Having obtained counsel's opinion, the board have clearly taken the right course in inform ing the stockholders of the terms of such opinion.
62
ני
pט 1/4..
34*
Kennecott Copper... 33}
Lambert Corpn.......
Libbey-Owens-Ford
Glass
Nät. Power & Light Nat. Supply Corpn. New York Central ... Niagara Hudson P
Corpn.................
N. America Aviation North America Co. Northern Facine'...
TUESDAY, MAY 17, 1938.
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
прав
Authorised Capital 850,000,000 Issued & Fully Paid-Up $90,000,000
...£ 8,500,000
AUSTRALIA AND CHINA Incorporated by Royal Charter, 1835
HEAD OFFICE: LONDON:
38. Bishopsgate E.C.2'
H.K. Currency Reserve $10,000,000 Paid-up Coltat....
..$20,000,000
Head Office:-HONG KONG
Board of Directors. T. E. Pearce, Esq.
Chairman
Reserve Fund ... Reserve Liability of Pro-
prietors
Италы
63.000.000
............. £3.000.000
*******• £3.000.000
MANCHESTER BRANCH: 71, Mosley Streek, Manchester.
AGENCIES AND BRANCHES: ALOE STAR ILOILO
IPOX
TECTRI
HALPHONO
Acting Chief Manager: HAMBURG
Branches:
HANKOW
HARBIN
KARACHI KLANG KOR
KUALA
LUMPUR
KUCHING MAD BAS MANILA
MEDAN
NEW YORK PEIPINO
SAIGON
BIMABANG BAREMBANG
#MANGHAI
SINGAPORE
HITIAWAN SOUHABAYA TAIPING
TIENTS IN
TONGKAR
(Bhuket)
TSINGTAO
TOKOHAMA
(Peking) · ZAMBOANGA PENANG
Penang . EONG KONG HAYGOON Johore Rangoon Kobe
Saigon
San
Francisco Lumpur Shanghai
Singapore Sourabaya
Malacca, Sungei
Pateni
New York Tsingtao Peiping Yokohama
Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Loeal and other. Cur-- rencles on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let
Hong Kong, 2nd May, 1938.
FOREIGN EXCHANGE and Geners) Banking Business transacted.
CURRENT Accounts "opened and FD DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica- tion.
The Bank's Head Office în London undertakes Executor and Trustee business, and claims re covery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. W. ROBERTS,
Manager.
THE CHASK 'BANK
"
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
QUOTATIONS
Now York: May 15.
Last
High Low Close
$78 8.72 8.76 11.94 11.90 1210
Today's Close
8.79
Changi
.01 of
Reserve Funds:
11.8 B
.19 of
Starling
781 787 751
78)
3/A off
* 582
59
007
18
103
105
39 10%
unch
Reserve Liability of
Proprietors
118.87
32.77 19.v0 90 Raile
23.13
22.30 10.14 20 Utilities 94.70 - 83.39 40 Bands
18.93
38.97
54,92 48.33 11 Commodity Index 48,00
May 19 High Low Close · Chang
117.38 116.80 117.21 34 up ..19 off 22.98 21.84 2196
.16 off 88.01 .:6 off 48.58 .22 ou Business Done:-330,0 shares.
19.88 19.81 10.77
+
STOCKS
Last Sale
STOCKS
Hon. Mr. J. J. Paterson,
Deputy Chairman. AMRITSAR J. K. Bousfield, Esq., A. H Compton, Esq.,
Last Bale
Hon. Mr. S. H. Dodwell,
BANGKOK BATAVIA BOMBLY
May 13 14
May 13
14
M. T. Johnson, Esq.,
91
0
Humble Off
671
63
J. R. Mason, Esq.,
15*
Int. Nickel
483
47
G. Miskin, Esq.,
CALGOZTA CATION CAWNPORE
431 891 181
Int. Tel. Tel.......
9
82
K. S. Morrison, Esq.,"
CKB
Int. Dept. Storea ...
32
ST
Hon. Mr. A. L. Shields,
COLOMBO
347
D. C. Edmondsten, Esq.,
113
111"
183
29
29
31
121
Lockheed Aircraft Loew's Inc. Lorillard'
94
Amoy
417
42
Bangkok
161
16+
Batavia
McKesson & Robbins
Bombay
Kowloon
$3 pl.......
321*
321*
Calcutta
Kuala
Martin, Glen L.
1231-
237
Canton
Monsanto Chemical 75 Montgomery Ward.. 32. Nat. Bond Invest--
ment....
Chefoo
London
75 323
Colombo
Lyons
Dairen
Foochow Manila
132
131*
Haiphong Huar
Swatow.
Atlas Corpn.
Nat. Cash Register 18
273
Hamburg (Jobore) Tientsin
Trans.................... Brooklyn-Manhattan
$8 cum. pl.
Auburn Motors ..... Baltimore & Ohio ... S'more & Ohio Pid. Barber & Co. ... Barusdall CU................... Bethlehem Steel ... Boeing Airplane Co. Borden Co. Borg-Warner ...... 201 Briggs Macturing. 181 Brooklyn-Manhattan
101
31
Nat. Dairy Products 131
131
Hankow
Mukden
Tokyo
51
Nat. Distillers
201
201*
Harbin
71
71
71
Hongke
Iloilo
167
17
174
133 471 251
131
131
Current
"
71
71
161:
9
9
21
87
Pacific Gas & Elec 271
274
Pacific Lighting
371
371*
Packard Motors ......
31
32
29
31
Paramount Pictures
8
8
791
61
77 Paramount 1st. pf. 764
Pennsylvania R.
781
16
161
131
Phillips Petroleum ..... !!
32
323
Cerro de Pasco.... Chesapeake Corpn.: 323* Chesapeake & Ohio Chrysler Corpn....... Columbia Gas & M. Columbia 8% “A” DÍ. Commercial Credit... Commercial Solvents Commonwealth & S Commonwealth & 8.
6% cum pr Consolidated 'Edison Consolidated Ou Continental Can .... Continental on ...... Corn Products Curtiss Wright (C) Cartias Wright · "A" Delaware & Hudson Del. Lackawanna &
Western ..а Deere Co. Distillers Corpn. Sea-
grams Douglas Aircraft Du Pont
38
Public Service of NJ. 31
311
Pure Oil
91
93
271
Radio Corpn. of Am.
6.
$43++ 7
Republic Steel
144 144
Reynold Tobac. "B" 36
361
651
Schenley
171
161
321
Schenley 54% pt.
09
894
B1
Sears Roebuck
572
571
12
Shell Union Oll
13
127
Socong Vacuum .....
131
13+
Hong Kong, hd May, 1938.
42)
Southern Cal Ediser: 221
221*
251
Southern Pacific...
13
131
•
81
Southern Bly (com)
BANK OF EAST ASIA. LIMITED.
391
Southern Ely “A”
13
131
26
Standard Brands ....
...71
631
Stand Gas & Elec.
3Z
.37
Paid-up Capital
41
Stand. Gas & Elec.
. Profits
201
$7 pt.
214
21
11
Standard Oil of N.J.
4811
431
Sterling Products ...
61 ‡
592*
51
Studebaker.
Corpn. 41
41
181
Swift International 25 *
243*
Technicolor.
221
22%
131** 131
Texas Corpn.
37%
371
461
1014
Texas Gulf Sulphur "31
301*
Tidewater Assoc. 011 223
221
9
Transamerica (new)
92
97
81
20th Cent. Fox. Films 221
221
81
do.. Films pí. ...
291*
291*
4
Union Carbide &
51
Carbon
861
684
Union Pacific
68
65 *
Branches and Agencies--
55
United Aircraft....... 278
24
Amoy
.. Kowloon
Panang
Bota's
Londra
Banco
Bombay's Swatow
∙101
United Airlines Trans
87
91
United Corpn.
3}
ន
EkvibeT
Chicosia
Manila
Algon
Byday
Melbourne B Pran-
Talboto
40
Cache Haiphong
i dego
Mental
New York "acti
Tokye
United Corpn.. $3
Hackow
Caka
Hemarang
Vendoder
157
cum. pí.
311"
'31
Beachult Parte
Ahangbal
Kode
231
United Gas Corpn.
4
31
Un. Gas I'provem't. 101
10
223+23
Un Light, & power
3
24
351
US. In'trial Alcohol 18
17**
26
U.S. Rubber
272
28
30%
U.S. Rubber pr.
602
691
17 #
UA. Smelting
58
50
13 *
UA. Steel...
447
45
ceived for one year, or
shorter and other Public Funds of the
Vanadium.
154
134
Warner Bros. Pict..
51
141
417*
Woodward Iron Cor. 14
Westinghouse Elec. 777
M
783 131
rencies on terms which will be quoted on application.
and Abroad.
Safe Deposit Boxes To Let.
Youngstown Bheet
& Tube 31 314
Great Western Sugar 27. Greyhound
Chase National, B. 301
Corpn.. 91
61."
Call Money
National City Bank 231*
1 ex. div.
237*
1
ཨཐཱནཱཐྰནཱགྷབྷྱོཿཨྰཿཆཐཱབྷཱཙཨཱནཱབྷཊྛཱནཱནཱཏྠཨྰཿདྷནཱ ཨཱ,དྷËཡོནྡྷཨྠཙྪཱབྷཱ=བྷཝཏཱ, སྐྱུནྡྷ=དྷརཱིཙྪag ཿཨྰཿ ཨཱམྦྷོཚན ཎྞཾ ཙྪནྟི མྦase38ཚོ! |ནྟZབྷཏྟན,
D
18. PINK STREET,
NEW YORK.
American Bank offering cam- plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
HONG KONG SAVINGS BANK
The Business of the above Bank An is conducted by the HONG KONG SHANGHAI BANKING COR- PORATION. Rules may be ob- tained on application.
For the HONG KONG & SHAN QUAI BANKING CORPORATION.
D. C. Edmondston, Esq.,
Acting Chief Manager,
4
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASR NATIONAL BASIC "New York, with' Resources over
U.8. $2,300,000,000..
D. M. BIGGAN,
Manager.
5,508,600.00
BANK OF CHINA
2,776,720.78
3/10
(HK)
170 cl Wm Powell
Paris
-#Balon to Shanghai
LONDON EXCHANGE RATES
(British Wireless Service)
Genera Berlin
Athens
Milan
Copenhagen
Amsterdam
Vienna
·Prague · Helsingfors
Belgrade
Buenosaires
Monte Video
Rio......
Silver (Forward) Silver (Spot) War Loan
May 11
..177-23/32
31.791
May. 14 177-45/64 21.79 12.372
94)
944
19.011 201
18-7/16
18-11/16
35% 101-10/18.
Closing Quotations
May 10, 1838.
Telegraphic Transfor... 11/2
on demand 13/16"
Credita, 4 months' sight 1/1-1/16]
ON NEW YORK:-
.184.
Bank Bilis, on demand 201 Credits, 60 days' sight 31]
On Barayı▲ C
55/
Bank Bills, on demand 1,085 Credits, months' sight 1,170
ON LONDON:-
Bank Bills,
On demand
On PARIS-
ON SHANGHAI
On demand
120
Ox Saigon.:.-
ON SINGAPORE:-
On demand
On demand
OW MANILA:-
OX JAPAN
On demand
On demand
1051
ON BANGKOK :-****
On demand'
ON INDIA:-
Sovereign Noten.
Telegraphic Transler.
Bank Buying Hata..........
BAR. UNTERBS HET. CE.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL QUOTATIONS
The Improvement noted at the end of the week was not maintain- ed and some prices have given way to a slight extent.
BUYERS
HK. Steamboats, $221. Providents (Old), $3.80, Providents (New), $3.87).
Venz. Goldfeld, $2.60.
H. & S. Hotels, $7:10.
HK. Lands, $37.
Eagle Picher Lead Electric Boat Elec. Bond & Share Elec. Bond & Share
35 ...... Elec. Bond & Share
$8 pf. Elec Power & Light Elec. Power & Light
$1 pf. Flintkote .........
Freeport Sulphur
Gen. America Trans 361
Gen. Cigar
Gen. Electric Gen. Foods .... Gen. Motors Gen. Railway Signal Glidden Co. Godchaux Sugar
Class "A"
Goodrich (B.F.)... Goodrich $5 pí....... Goodyear Tire & Co. 181
HK. Lands 4% debentures. $101. Great Northern Riy. 171
Humphreys, $9.15,
HK. Realtles, $53. HK. Tramways, $174. Peak Trams (Old). $7. China Lights (Old), $12. HK. Electrics, $604, Macao Electrics, $173. Cements. $172.
Dairy Farms, $244. Constructions,' $11.
Marsmans (HK), $3/10.
Y. Ferries cum, rights., $24). Y Ferries rights $3 SELLERS
Y. Ferries.. cum. rights $24).
BALES Providents (Old), $3.85.- Providenta (New), $3.70. HK. Realties, $53. H.K., Tramways, $17.25/35. HK."Electrics. $61,5 Cements. SHI..
Hecker Products
Authorised Capital...$10,000,000.00
Reserve and Endivided
Head Office:-HONG KONG
Specially Chartered by
No. 10, Des Voeux Road, Central. THE NATIONAL GOVERNMENT
Board of Directors:—
Bir Bhouson Chew, Chairman
OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
Li Kosa Chun, Esq. Li Lan cang, Esq.PAID-UP CAPITAL...$40,000,000.00
Wong Chuson, Eag Req: Kan Ling Fu. Esq Wong YunTong,b Chan Ching Shek Fang Ping Wah,
Eaq,
Esq
Kan Tong Po, Esq., Chief Maaszer Li The Fong, Esq., Manager.
Priping Sinapore
4
Every description of Banking
(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; 0.
South China Offices:
and Exchange business transacted. CANTON Loans granted on approved SWATOW securities.
Current Accounts opened in Local Currency and Fixed Deposits re
JHIUOHOW
KONGMOON
TOISHAN
KINGCHOW
We also handle the issue of Bands'
periods in Local and Foreign Cur Chinese Government both at Home
KAN TONG PO,
Chief Manager.
301 PHILIPPINE
1% 1%
bid.
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
ELS, DOLLARS
There were sellers at 303/4 May-
The price for Ready Silver rose June and 30 11/18 July-August. 1/18 to 18 3/4 bat the Forward buyers at 30 13/16 May-June and rate was unchanged at 18 7/18.
30 3/4 July-August... Silver advices reported Indian and Speculative purchases. Specu- lators also sold. The market was steady. American Bulver was quot- ed at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 497:12. New York-London was quoted at 408. 15/18.
SHANGHAI - MARKET
Nominal
SHANGHAI DOLLARS Nominal pentium fa
IN THE AFTERNOON The market continued quiet in the afternoon."
STERLING The market closed with sellers nt 1/2 7/8. May and 1/2 27/32. June-July, buyers at 1/2 29/32 Some bustnem was reported at Cash-May and 1/2 7/8 June-July. 1/2/7/8 for May The market
Dairy Farms, $25.
MARKET
107)
Quiet.
'11
(Prices below In Phil Currenc
· STERLING
62)
Atoks. 271
Benguet Consol, 9.20
Coco Grove, .52
Paracale Gumaus, 16
San Mauricio, -,454
Buyoc Consol, ·.17
MOVIES, DOLLARS ASIN: closed at 1 pm with sellers at 1/2The market closed with sellers 7/8 May and 1/2/27/82 July- at 30: 3/4 May and 10 11/16 June- August, burgers at 172 20732 Cash July, Buyera at 30 15/16"-May-
Jime and 30 3/4 July-August, May and 1/2 7/8 June-July.
perty.
MINING NEWS
SHOU J, CHEN
Wandger.
THE GROTRIAN HALL
Mr. H. Gordon ́ Selfridge has BATONG GUINTO Mining Cor-bought the Grotrian Hall, Wig- poration is not doing any work on more-street, W, The dealTM will its property in Kalinga, Mountain facilitate completion of a scheme, Province, which adioing the
which Mr. Selfridge has in mind Batong Bubay Gold Mines pro- for more than ten years, for
extending the great Oxford-street- At present a watchman is on store till it is the biggest the property, but active explors concern of its kind in the world. tion was stopped last September,
It would cover, the whole of according to information obtained the site to the north of the from at the camp
existing Selfridge block, bounded This is to correct the statement by Wigmore-street. Orchard- made recently in which if we street, Somerset-street and Duke- Erroneously stated that work was
street. being advanced with satisfactory results by Batons Quinto,“
H.K
Mr Selfridge said that the Grotrian Hall would be torn down, but Indicated that he does not SHAREBROKERS' intend to embark at once on
ASSOCIATION
BUZERS
Waterboats. $81 Raubs, $9.70. stoplay
BELLERS
Trama, #173 Ropes, $4.80.
NO SALES Providents (Old), $3.80/86.
building a vast new extension to the store. There are still a num- ber of premises which would have to be bought before this could be. done
wit
Providents (New), $3.72), Realties, #5:
Bincere, $2.55.
Stockholm
Shanghai
1/ld.
New York
4.37-11/10
3.98/
"142-13/16
114. 4.97-3/16 8.98-1/18
Lisbon
Eong Kong
Bombay
1/2-15/16 1/6-15/18
18. 24.-15/16
Montreal
5.001 29.55
Brussels
.5.00-11/18
29.55
Yokohama