Seller
buyera
Momma!
MONDAY. MAY 23.
Halere Story we
Bomer
"
$1500
110,2 0
#12
228
£14
Do
190
N. O. & S. Baku...
3467
Banka
H.E. Banks
Po. (London).... Chartered Banks....
Mercantile Bka. "A“
Bank uf Hast Asia.....
ነኝ
£12
BAR
the day.
O."
£14
590
$018
:::
Insuran
Canton insurance...
Union Insgrandes
Underwriters
| 8150
2018
YESTERDAY'S
OFFICIAL QUOTATIONS
There was very little change to $1,500 report in the market which open- ed and remained quiet throughout
BUYERS
H.K. Bank, $1500
H.K. Bank (Lon.), £914. Union Insurance, $518.
Venz. Goldfield, $2.60.
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
الرسم
Exchange
Sharebrokers'
Association
H. K. STOCK
EXCHANGE
FINANCE
NEW YORK STOCK EXCHANGE
(Through" Bouter's Service)
QUOTATIONS
New York: May 21
New York Cotton-July. New York Bubber-July Chiongo Wheat -July. Chicago Corn -July, Winnipeg Wheat-July.
105
103
Bigh Low Close 3.00 9.69 8.59 11.3 1120 130 761 751781 691 103
LAND Today's
Close 8.59 131 16
1048
Change .01 04
Authorised Capital
$50,000,000
TUESDAY, MAY 24, 1938.
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
AUSTRALIA AND CHINA Incorporated by Buyal Charter. 1895
Issued & Fully Paid-Up $20,000,000) Reserve Funds:-
READ OFFICE, LONDON:
3/4-up 1/4, oft
Sterling
·EUMA
High Low Dow Jones Averages 134.95 88.95 30 Industriala
May 18. High Low Close 114.99
33.77 19.00 90 Baile
21.80
114 40 113,07 113.95 21.84 $1.75 £1.75
Chang 1.74 off
.13 aff
#33.20 (15.14 90
Ucilities
98.70 83.39 40 Bonds
67.10
$9
H. and S. Hotels, $8.80.
54.3 47.19 11 Commodity Index 47.18
19.41 18.00-19.54 54.56 47.36
11 of
:33 of .09 up
*939
H.K. Fires.
1933
H.K. Lands 4%. Debentures. $101
J
Business Dond:-290,000 shares.
Shipping
HK. Realties, $5.70.
18:
Douglases
180
Peak Trams (Old), $7
STOCKS
Sambuta
Macao Electrics, $171.
180
Lodo-Chinas (prel.)
01
394
$89/6
Do Shellsi
(def.)
1024
Constructions, $11.
Adams Express
Last Bale May
B
29/0
18.90
Waterboots
$5,90
זי
Mining
14/6
Kailang
-9.90
Kaaba ......
$2,80
Venezuein Gold Fide
I jeta Hongkong Mines..
rocks. Wharvas,
!!!:
$14/8
Marsmans (H.K.), 3/10
SALES
H.K. Bank, $1510/20.
Providents (New), $3.55.
Alleghany Steel Co. Allis Chalmers ..... Amer. Can
144* 428 87
20 21
141 41. 053*
STOCKS
Humble Oil Int. Nickel ......
Last Sale
J. K. Bousfald, Esq..
བཙྪཱ ཡ
May 20 21
631 €3
ני
Amer. Cynamid "B"
172
$9.80
#3+
H. and 8. Hotela, $6.83/90. China Lights (Old), $11.55/50. H.K, Electrics, $60/80.10.
Gindowsa, "afe.
·$137 136
4.K. K. Wharves,
0137
(Prices below In Phil. (Currency)
Antamoks Ps., 44
13
3,56
ex. rts. Bri H.K. & W. Docks
B11
Do. (saw)
Do. (new) Do.
3106 Shangai Dock
$405 New Engineerinas 3.
Providents (old,
$3.55
$3.60
$9,60
391
181
(rta) .
+100
14
nauda, Hotels, and,
Benguet Consol. 9.30
Coco Grave. 50
Consolidated Mine. .003
Demonstrations, -274 I.X.L., .01
San Mauricio, 46
Suyoc Consol., 18
Amer. & For, Power Amer. & For. $7 pt. 183 Amer. Locomotive... 18† Amer. Metala........ Amer. Radiator.......
101 Amer, Rolling Mill... 15) Amer. Smelting
3)
31
181
15
29
28
351
Amer, Sugar Ring... 22 Amer, Tel. & Tel. 1291 Amer. Tobacco,, "B" 70 Amer. Waterworks...
342
129+ !! 70*
9
Anaconda Copper ...
25
251
Buldings
United Paracales, 32
Atchison, T. & S. Fe.
26
251
$6.20
88/90
H.K. Hotels) $0.80
Atlas Corpo.
61
$37
H.K Land
$36
Aubur Motors ......
Do. 4% Debentures
$108
29.
$570
Metropolitan Landa..
H.K. Renities.....................
$9.15 Houphroys $100
Chincas Estates......
Cafton, Mille
$13.40 Ewo
Shanghai Landa.9.
乃是
$8.60
$13
B'hai Cottons .....5.
$78
Zoong Sing ...........S.
$94
441
845
Wing On l'estilos.) |
Ewo Cotton Eta. 8.
Pablle
Utilities
$17
Tramways...
$17.
Poak Trams (old) .....|
531
Do.
(DBW)...
$861
Star Earnes
Y'asti Ferries OR.3
$3
Do.
rta. 9
$80 824 $3
$11.55/010
Chiva Lighte (old).
(11.70
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
"Silver prices were unchanged over the week-end the quotations being 18 3/4 for Ready and 18 1/2 for Forward. Silver' advices re- ported some speculative sales. India bought. American Silver was quoted at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 496.25. New York-London was quoted at 495.
Baltimore & Oblo... S'more & Ohio Pid.
31 61
Barber & Co.
151
15
+++
$0.20
Do. (new)...
481
1/2.
Do. Bus.
MARKET
160/610 ...
H.K. Electrica
160
Macao do.
Steady.
STERLING
#14
Sandakan Lights .....
$10.90 Do. (new)..
Telephones (ald)...
327)
23/0
TraceIUDs
213
23/6
Do. (prof.).
:.
Industrial
314) || Cald, Macg. (Ord.)S) $12
$1,70 Canton Ices
¡Prof.iS
JJ $1.50
(£17,00
Vje.nents
$4.70
ilupes
Miscellaneous
121
Dairy Farma........
$6 co
Ou, brtainments......
41)
મો
SHANGHAI DOLLARS
$25
Nominal.
364
3%
150
BK Wisg
$91
Constructions, (old) 1
Lane
Do. _[NOW)
Crawfords... Nanyang Tobacco...
1220 Biacero
Watsons
3. C. Enterprises
76Cu.G.621926G.JBda.
8.pz H.E.
8pm
1.E. Govt. 4% Loans
Do, Wallace Harper
SHANGHAI MARKET
L
Nominal
OD
$9.10
$3
The
$2,60
S'ha $53 Vibro Piling
10/6 Maramans Ir v. (Lon.);
70 cts. Wm. Yoweile
(EK)
75%
$100
$102
+++
152
$3
170 cm.
•Sales to Shanghai
LONDON EXCHANGE RATES
British Wireless Service)
Parla
Geneva"
Berlin
Athens
Milan
Copenhagen
May 19 177-39/64
May 21
177-39/64
21.73 32.361
21.741 12.361
942
943
揚げす
IN THE AFTERNOON
market was
a shade steadier in the afternoon.
STERLING
"The market closed with sellers
at 1/2 29/32 May-June and 1/2 7/8 July-August. buyers at 1/2 15/18 Cash-June. and 1/2 29/32 August.
U.S. DOLLARS
Douglas Aircraft Du Pont
Eagle Ficher 'Lead Electric Boat The Market closed with sellers Elec. Bond & Share 71 at 30.3/4 May-Jude and 30 11/16 Elec. Bond & Share July-August, buyers at 30 13/16
$5 pf... Cash-June and 30 3/4 August, | Eleć. Bond & Share
$0 DI.. possibly July.
Elec Power & Light Elec. Power & Light
$7 pt. Flintkote
PHILIPPINE
MINING NEWS Freeport Sulphur
- MINDANAO MOTHER LODE Gen. Cigar... production for the first quarter of Gen. Electric 1938 WES as follows: January Gen. Foods P96,441,58: February, P115,183.52;| Gen. Motors March, P120,499.90. ·|
Gen.. Railway Signal 157 BORNAY
Mines, Inc.) Glidden Co. .. GOLD reports that the major portion of Godchaux
Hugar the exploration work done on its Clasa "A"
Barnsdall 011 Bethlehem Steel..... Boeing Airplane Co. Borden Co. Borg-Water Briggs M'facturing. Brooklyn-Manhattan
Trans, ............... Brooklyn-Manhattan
$6 cum pf: Case, J.I............. Canadian Pacioc Celanese Corpn. "... Cerro de Pasco...... Chesapeake Corpn..... Chesapeake & Ohio Chrysler Corpn. Columbla Gas & El. There were sellers at 1/2 29/32] Columbia 6% “A” jf. $10.99 May and 1/2 7/8 June-July, prob- | Commercial Credit... ably August. buyers at 1/2 15/16) Commercial Solvents Cash-June and 1/2 29/92 "August. | Commonwealth &'6..
U.S. DOLLARS
Commonwealth & B. Sellers at 30 3/4 May, possibly 8% cum. pf. June, and 30. 11/16 July-August, | Consolidated Edison $17.35 buyers at 30 13/16 Cash-June and Consolidated on
391 391 30 3/4 July-August
Continental Can... Continental Of .....
634 Corn. Products ...... Curtiss Wright (C) Curtiss Wright "A" Delaware & Hudson Del. Lackawanna &
Western
121- 121
467 444
241
23
157 151
191 18)
171
81
17
271
20.*
781
741
51
131
122
337
33
331
327
261 28
421
417
01
81
85*
67
314 311
འ་
7
11
.
421 421
241 231
37
242
41 4
20
51.
Deere Co.
174
Distillers Corpo. Sea-
grams...
13
451 441
10031 981
81
E
47 "48
511
101
38
15
251
Gen. America Trans 374
23
UE. Rubber
... 261
US. Rubber.pf.
651
Labe granted
New York
Stockholm
Shanghai
Amsterdam
Vienna
Prague Helsingfors
Lisbon
Hong Kong
U.S. Smelting
551
Accurities
lld
174
17 *
US. Steel
424
4.96-5/8 8.97-13/16
142-9/16
4.98~5/18
8.971
1421 2201
Vanadium
15 *
Currency and Fixed Deposits re-
Warner Bros. Pict..
41
ceived for one
tures, over the Carpo and Forty Goodyear Tire & Co. 174 Thirty veins.
property. In Bornay, Baay, Abra, | Goodrich (B.F.) "........... 1312) has been confined to two struc- Goodrich $5 pf. .......
Westinghouse Elec. 761.
rencies on terms which will be
41
41
Woodward Iron Cat. 12}
quoted on application.
and Abroad.
Youngstown Sheet
Safe Deposit Boxes To Let.
& Tube
30
Chare National B 291*
SHOU J. CHEN
Manager.
Bombay
Montreal
1/5-20/32 5.01
H
Brussels
29.50
5.001 29,50
Greyhound Corpn. 87 Hecker Products ...
8161
National City Bank: 231 23
Call Money
1%1%
* EL. div.
* bid.
Tokobama...........
Sellers
34
27
201
ཙཡྻཊཱམབྲཱནྡསྶཨཱབྷཏྟäཔྤཙྩརäབྷཱཝཝཆཙནཱཡྻཙྩཀྑུཏྟཱཡཱ ie#ཡྻོཡྩོནྷིབྷཱཀྐ བྷུ་ཚནཱཙྩཤྩ་ཝནཱན ནནཱ བྷིཙྩུནྡྷནཾཚཝ ཝཱ ཙུཊྛཱ ཙཱཨྰཿitt#8e L===སྶ
Int. Tel & Tel.....
Int. Dept. Stores Kennecott Copper...
Lambert Corpn. .............
Libbey- Owens- Ford
Glass .....
Lockheed Aircraft - Loew's Inc. Lorillard
McKesson & Robbins
$3 p.....**
Martin, Glen ...... Monsanto Chemical 74 Montgomery Ward..., 314
Nat. Bond Invest-
ment .......
Nat Cash Register 175
3 Nat. Dairy Products 13
Nat Distillers
Nat. Power & Light
Nat. Bupply Corpn. 16)
New York Central...
Coog¤ Coce 27 28287⠀⠀
431
M. T. Johnson, Esq.,
8
38, Bishopsgate E.C.2.
...................€ 8,500,000 H.K. Curranay Reserve $10,000,000 Paid-up Capital.... Reserve Liability of
Proprietors
Head Office: HONG KONG
Board of Directors. T. E. Pearce, Esq.,
Chairman
Hon. Mr. J. J. Paterson,
prietors.
· £1.103.00€
MANCHESTER BRANCH:
71, Mosley qtreet, Manchester.
AGENCIES AND BRANCHES: ALU STAR 120110
ПРОН
Deputy Chairman, AMBITUAR
A. H. Compton, Esq.,
Hon. Mr. 8. E. Dodwell,
J. R. Mason, Esq.,
ALLGON
$90,000,000
Reserve Fund Reesive Lability of Pre-
L
£3.000.000 £3.000.0ÉS
BIMARANO.
BANGKOK
· BÁTAVIA BOMBAY
KARACHI
»EREMBANG
CALCUTTA CANTON
KLANG
Ков KUALA
AMANGHAL
BINGAPORA
SITIAWAN
..
82
G. Miskin. Esq.,
302
#
K. 5 Morrison, Esq.
Hon. Mr. A L Shields,
101"
D. C. Edmondston, Esq,
278
Acting Chief Manager. KAMRUNG
**
Branches:
t
191
16
Amoy Bangkok Batavia
Ipoh
Johore
Penang Rangoon
Kobe
Saigon
31 300
Bombay Kowloon
Sab
23
Calcutta.
Kuala
741
| Canton
301
Chefoo
London
131*
Dairen
177
131
Haiphong Mot
191
Hankow Mukden Tokyo
Hamburg (Johore) Tientsin.
154
Hongkow Peiping
Harbin New York" Tsingtao
Yokohama
117
Iloilo
Niagara Hudson P
Corpn.
N. America Aviation North America Co. 20 Northern Pacific Pacific Gas & Elec
71
Current Accounts
oponed
81
101
Local Currency and Fixed Deposits received for one year cr shorter
8)
71
***
261
261
81*
Pacific Lighting
361*
367*
periods in Local and other Cur- rencies on terms which will be quoted on application.
Packard Motors
32
32
Paramount Pictures
78
72
Also up to date Safe Deposit Boxes in various sizes To Let.
Paramount ist. pr. 76*
76
Pennsylvania R.R....
154
151
Phillips Petroleum...
311
31
Public Service of NJ, 291
291
Pure Ol....................
Radio Corpn. of Am.
53
51
Republic Steel
134
13
Reynold Tobac. "B"
381
Schenley
151
Schenley 54% pf.
6712
Sears Roebuck
551
15
Shell Union Oil
121
Socony-Vacuum Southern Cal Edisor Southerri Pacific...
121
211
114 114
72.
Southern Rly (com) Southern Rly "A"
12
71
Standard Brands
3+
Stand Gas & Elec.
Stand Oas & Elec
194
91
$1 pt.
Standard Oil of N.J. 48
60
Sterling Products ...
4
Studebaker
Corpa.
Swift Internationa
251
231
Technicolor .............
121*
301
Texas Corpn.
Tidewater Assoc. Ou 111 Transamerica (new)
Texas Gulf Sulphur 30j
91
20th Cent. Fox. Films 234
do. Flims pf...
30
Union
Carbide
Carbon
602 61
Union Pacifie
514.
262
| Pnited Adrorały nien
101
Ubuted Athlingi Trans 23
91
United Corpn.
United Corpn.
$3
United Gas Corpn.
Un. Gas I'provem't 101
Un. Light & power 21
US. In'trial Alcohol 177
cum pf. 29
31
བྷིཊྛགྷནཱིཝེཀྑཀྐུཊཀཱརམ ནཱབྷནྟི ཏྲྰཾཨཱདྷབྷཱཀྐནསྶ ཨུཙྪིཝཱཝམ, ཨཱཨོནཱནྟུབྷཙོཝཝོཝཱཝཊྚནཱ མིཾཝཾ
Profits
2,778,724,70
Amby
Batavia
Bombay
Calmitis
Ca
Halph- ny
Landry
Astron
Melbourne Bas Pran
Tabaku
alaco
Tentan
Tokre
Bankow
Broluja
Paria
Habe
00
Francisco Lampar Shanghai
Colombo Lyons
Malacca
Foochow Manila
HARMIN HONG KONG
NEW YORK TSINOTLO PRIPING TOKOHAMA
(Peking) ZAMBOANGA PENANO
LÀNGOON
FOREIGN EXCHANOI and General Banking Business transacted.
CURRENT ACCOUNTS opened and Fixed Deposits received. for Que Year or shorter perioda at rates Singapore Sourabaya which will be quoted on applica-" Sungei tion.
"Patani
Swatow.
Ifong Kong, 2nd May, 1938."
4.
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 Hora KONG & SHAHORAI BANKING CORPORATION:
D. C. Edmondston, Esq.,
Acting Chief Manager. Hong Kong. 2nd May, 1938.
BANK OF EAST ASIA, LIMITED.
Authorised Capital 10,000,000,00 Paid-up Capital 5,599,800.00 Reserve and Undivided
Head Office:---HONG KONG
No 10, Des Voeux Road, Central.
Board of Directors: — Sir Shouson Chow, ChairmaD La Koan Chun, Esq. Tan ang.
P. K. Kwok, Esq. WongChaßen. Baq Wong Yunlong, Ken Kan Ying P. Chan Ching Shak. Fung Fing Wah,
Eng
Kan Tong Potraq,, Chief Mannzer, Li T- Fong, Ey,, Manager.
Branches and Agencies —
owlo, n Pamag
dania
REINOCO
Magasaki New York" deactiv
Bourabaya
Swałow Bydany
Berang Vasoodfel *Basebal Yokohama Palpior...AnxAPOKY
Every description of Banking
The Bank's Head Office London undertakes Executor and Trustee business, and claims' re covery of British Income Tax everpaid, on terms which may be ascertained at any of the Agencies and Branches.
+
R. W. ROBERTS,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18. PINE STREIZ,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL," BANE, NEW YORK, with Resources (ver U.9. $2,500,000,000.
*
D. M. BIGGAR,
Manager.
BANK OF CHINA
BANK
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
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 to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hongkong Branch:
A, QUEEN'S "HOAD, C.
South China Office:
and Exchange business transacted: CANTON
approved, SWATOW.
Current Accounts opened in Local
SHIUCHOW
KONGMOON
TOLSHAN
KINGOBOW
We also handle the issue of Bonds year or shorter | and": other Public Funds of the periods in Local and Foreign Cur-Chinese Government both at Home
LAWNPORE
·BU COLOMBO DELHI KAIPHONG
LUMPUR KUCHING MADRAS
SOURABAYA
TAIPING
TIKITALY
MANILA
TONGKAR.
MEDAN
(Bhuket)
MANKOW
מו
Buenosaires
Monte Video. Rio
Allver (Forward)
Silver (Spot) War Loan
OK LONDON:***
18-7/16 18-11/16 3% 101-3/16.
Closing Quotations
May 23, 1938.
Telegraphio Transfor... 11/2 Bank Billa, on demand) 18/16 Oredits, 4 months' sight 1,170
OK SHANGHAI:
On demand
ON SINGAPORE: ~
On demand
OS JAPAN
On-demand
Talographic-Traxler,
ON NEW YORK:
181 181
Bank Billa, on demand '30-9/16 Credits, 80 days' right "11-1/18 OS BATAVIA:—
On demand
- 66-8/16
Bank Bille, on demand 1,045 Credits, 4 months' sight 1,170
ON PARISI
ON SALOON:-
On demand
On Maria:—
On demand
OF BANGKOK:-
1051
On demand
Bovereign Hote
Bank Buying Ret
2073
ext
13 The forty thirty| Great Northern Rly. 15) vein has been traced over the Great Western Bugar 281 201 surface for approximately 1,000 fect and was cut into at six different places. Values taken from this vein range from P272 to P52.49.
At présent there are many im provements in the mine camps. Equipment on this property con- sists of hand mining tools, drill steel, shovels, picks, hammers wheelbarrows, and blacksmithing outfits enough to keep the labour ers in the mine busy. There is also a staff house, completely equipped, bodega, five native houses, and good housing facilities for the labourers.
the
future
EMPIRE AIR WEEK
PREPARATIONS
London, May 22,
It is announced that 170 cities and towns of Great Britain will be visited by over 400 aircraft early next week when 13. mass for- mation fights will be carried out by the Royal Air Force.
These fights will serve as an advance demonstration of part to be played by the Air Force on Empire Air Day, next Saturday, when' 68 airforce stations and many civil. aerodromes will be at home to the public. anat a
KAN TONG PO,.
Chief Manager.
RAUB DIVIDEND
URBAN COUNCIL MEETING
The Hong Kong Stock Exchange has received the following cable trom the Secretaries of the Raub A meeting of the Urban Council Australian Gold Mining Co., Ltd. will be held en Thursday at 4.15 in Brisbane-
pin, when a Committee to con Out of the funds for the year gider the proposed changes in ending March 31, 1938, Board of the Sanitary Department's tim Directors have declared dividend ates for 1939 will be appointed. one of 3d, per share, payable on Among applications for licences June, 21. Share Register will be that will be dealt with is one fr closed June 13, June 19, both a Restaurant licence for the Hong clusive.
Kong,, Bowling Alleys, located in Jaffe and Lockhart Roads. **.
One of the mass parades will consist of 56 fighters which wil The mine auperintendent of the take a course around the outskiriset, London. Others will consist of heima dying as in separate forma company recommended to
bombers and two of these will include Landon in their course,
tions to Lincoln, Bhefeld, Man- management that the
The Ministry of Finance has development should be concentrat- There will be 60 bombers in the western midlands. It will laclude chester, Liverpool, Birkenhead,
Chester, Crewe, Shrewsbury, fasted a mandate transferring the ed on drifting, and cross-cutting string and London will be reached four types of bomber, and the 80. and that this drifting should be after a long flight over the west aeroplanes will include Boulton Stoke-on-Trent, Workshop. Mans Tax Inspector in Cheklang and advanced to at least 200 feet. He of England. The second string to and Paul Sidestrands, Hawkerfeld, Newarf and Grantham, Klang, Mr. Chen Tuan, to a siral- suggested that it should be sach-ylait London will be 42 twin-en- Hinds. Fairey Battles, and Bristol The duty of showing the flag in lor post to Hunan and Hapeh pro
the north-east will be undertaken] vinces, states a message to the pled at regular intervals and map gined Handley Page Harrows and Blenheims, all of which will be ped all workings and all geological Heyfords, AM arrange in 7 shaped fightsin by 45 Armstrong Whitworth Whit-Sin Wan Pao. Mr. Chen is micceed.
[BIGGEST PROCESSION fine astern features for future reference "and
anleys and Handley Page Harrows,ing Mr. Liang Yin-wen, while his study on the development of the Meanwhile the biggest proces- Further!" zibeth) that will be both twin-engined, types (British own post will be taken over by
Mr Chao Tze-sheng. Wireless) mines,
alon of all will be: touring the visits by 12 Hinds and 18 Bien-