#28
£14
£14
190
N. 0. § 8. Bai 9
$90.
***
$207
Ukuzua LogoTa-100 v.
$450
$51.
Union InsuranOM -
2316
บ
1
*230
H.K. Firma
$330
Shipping
30 "Jaak
Douglason are
375
Steam hrvats
122+
AU
Inilo-Chinas (pref.)
$51
80
Do.
(def.)
83/11
Shell.........
1.
Waterbuat
Mintag
324
There were sellers at 1/2-15/16 June-July and 1/2 29/32 August- $83/11 September, buyers at 1/2 31/32 15.90 Cash-July and 1/2 15/16 August-
September.
STOCKS
Adams Express
Alleghany Steel Co. 13
14/6
Kailans
12:
$9.90
Raubs.........
$1416 39)
All Chalmers
Venezuela Hoid Mid..
12+
$3.40
$1.34
¥3,45
--
-
$38
318,00
: sẽ đi và
$101
19
$13
W
icts. Elongkong Mine..
Docks, WharTAK,"
$3.38 ex.rt. $4
$108
Godowns, etc.
H:K. & E, W]ar***
.
Do. (now)
Do. (40W) Do. {rto.)
Shangha Docks S. 14.05 New Eareori 9.
$7.00
Lands, Hotels, and Muidings
HK Hotels...
H.K Lande... rake
Do. 4% Debentures Shanghai Lapda.... H.A. Realties......
10.15 Humphrey.....
Chinese Estates Cotton Min
:100
ex div. $754
816.70
342
Kwos
S'hau Cottons ......... Long Sing
Wing On Textiles(S.)
Palle Uhl £hom
Poak Tomas (old) .......!
U.S. DOLLARS Sellers at 30 3/4 June-July. probably August, buyers at 30 7/8 Cash-June and 30 13/18 July. August.
Amer. Can............ 88 Amer. Cynamid "B" 164 Auer. & For. Power 'Amer. & For. 97 pt. 162
Amer. Locomotive ...
$134
SHANGHAI DOLLARS
Providents (all) ....
28.00
Nominal.
8070
H.K. & W. Dock-
$18
Nominal.
11
$.00
14
!!!!!!!
$6.7C
$38
(102
$5.60 18.80
SHANGHAI MARKET
IN THE AFTERNOON The market was dull in the afternoon...
STERLING
The market closed with sellers at 1/2 15/16 June/July and 1/2 20:32 August-September; buyers at 1/2 31/32 Cash-July and 1/2 15/16 September, probably August.
C.S. DOLLARS
Amer. Metals ......... Amer. Radiator
Amer. Smelting ......
Amer. Rolling Mill... 144 341
زید
Amer. Sugar Ring... Amer, Tel. & Tel... 129 Amer, Tobacco "B" 683 Amer. Waterworks... Anaconda Copper ... 23 Atchison, T. & S. Fe.. 261
Atlas Corpn.
Auburn Motors...
Baltimore & Ohio ...
$13
The market closed with sellers at 30 13/18 Cash and 30 3/4 June- July. possibly August, buyers at 30
B'more & Ohio Pfd.
Barber & Co.
Barnsdall Of .......
178
$94
$+2
7/8 Cash-June and 30 13/18 July- August.
Bethlehem Steel
SATURDAY, JUNE
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital $30,000,000 Issued & Fully Paid-Up #20,000,000) Reserve Funda:-..
Sterling
...£8,500,000
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange..
བལ་༔
Bellors
Salve Komla!
$1485
1480/70
£88
!!!!
FRIDAY. JUNE 3,
Banka
H.K. Banks
Sharebrokers'
Association
Do. (London) ;-) Chartered Banks Mercantils Bks, "
Dko.
Bank ir East Asia
Underwriters....
Ballara
Bayern
|$1,475 $4,495
144
2*** 211
57
THE EXCHANGE MARKET
MESSES. ROZA BROS.
Silver prices were unchanged yesterday, the, quotations remain- lag at 18.15/16 for Ready and 18 5/8 for Forward. Silver advices reported some American purchases. India bought and speculators sold. The market was steady. American Bilver was quoted, at "42 3/4 for: Spot.
FINANCE
NEW YORK STOCK EXCHANGE
(Through Renter's Servics)....
QUOTATIONS
Now York; June 8.
Last Today'■
High Low Close Close
New York Cotton-July, New York Rubber--July, Chicago Wheat July. Chicago Corn -July. Winnipeg Wheat-July,
7.90
7.81 7.89
7.84
Change .06 off
11.40
11,31
11.37 11.33
U of
191
677
Ju]
·3/4 up
537
1021
98)
07: 97 1011
it ap
up
1938
cross-
Hug Low Dow Jones Averages 134.35 88.96 30 Industrials
$3.77 19.00 90 Raile 30 15.14 20 Utilines .. 92.70 83.39 4 Bonds 24.9 43.03 11 Commodity Index 48024
June 1. High Low Close .. 11081
Chang
11194 110.35 11088
07 up
10.60 *18.53 86.44
20.74 20.45 $0.59
Do oft
19.17 18.45 14.76
95 ap 88.95.11 ap 45.78 49 up
Hoa. Mr. J. J. Paterson,
The London-New York rate was quoted at 494.56. New York-London was quoted at 494. 7/18.
MARKET
Stagnant.
STERLING
Business Dono:-130,000 sharm.
STOCKS
Last Sale
June 1 2
584 581
བྷོཏྟཾཀྑུཊྛ,ཨཊྛ ཻཊྛ ཟླ8ཌཱུ ྂ་ྲ་ྲབྷཱཀྐཱ
4, 1938.
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter.. 1855
HEAD OFFICE: LONDON: 38, Bishopsgate ECA
H.K. Darrency Reserve $10,000,000 Paid-up Capital.... Reserve, Liability of
Proprietors
$90,000,000
Head Office:HONG KONG
Board of Directors. T. E. Pearce, Esq.,
Chairman.
Reserve Fund ......... Reserve Liability of Pro-
prietorn....
*£3.000-200 £3.000.000
£3.000.00
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
· AGENCIES AND BRANCHES ALO STAR HONG KONG PENANG ILOILO
IPOH
Deputy Chairman, AXKITSAR
J. K. Bousfield, Esq
A: H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
J. R. Masson, Esq...
Acting Chief Manager.
Penang Rangoon Saigon San
| BANGKOK
BATAVIA BOMBAY CALCUTTA CATTON CAWNPORE
BANGOUN
SAIQUN
KARACHI KLANG
KOBE KUALA
SEREMBAN
BRANGHAI
KINGAPORI
BITIAWAN
LUMPUR
KUCHING MADRAN
SOURABAYA TAIPING
TERTAIN
MANILA
TONGKAR
(Bhuket)
NEW YORK PRIPING
TAINGTAD
YOKOHAMA,
JUMU
COLOMBO DELHI KAIPHONG " MEDAN
HAMBUNG HANWOW HARDIF
(Peking) ZAMBOANGA
Fontios EXCHANGs and General Banking Business transacted..
CURRENT ACCOUNTS opened and FIXED DEFOS1rs received for One Year or shorter periods at rates which will be quoted on applica- tion.
The Bank's Head Office in London undertakes Executor - and Trustee business, and claims covery pf British Income TAX overpaid, on terms which may be ascertained at any of the Agencies and Branches.
D. J. GILMORE,
Acting Manager.
Last 'Bale
June 1 2
71
T
Humble Ol
M. T. Johnson, Esq.,
121
Int. Nickel ...
421
42
401
Int. Tel.
Tel....... 401
Bi
G. Miskin, Esq..
852
int. Dept Stores
.71
171
Kennecott Copper...
297 28}!
34
31
Lambert Corpn.
101
K. S. Morrison, Esq.. Hon. Mr. A. L. Shields, D. C. Edmondston, Esq.,
181
Libbey-Owens- Ford
143
152
Glass
25+
26
241
271
Branches:
Lockheed Aircraft. 9
91
101
10
Locw's Inc.
391
401
Amoy
Ipoh
Bangkok
Johore
Lorillard 141
16
151
Batavia
Kobe
331
McKesson & Robbins.
Bombay
Kowloon
- 22}" 1291
$3 pf................. 28+ 281
Calcutta
Martin, Glen L. -... 223
•221
Canton
Kuala
Lumpur
631
Monsanto Chemical 711 714
Chafoo London
87
81
221
Montgomery Ward. 291 291 Nat. Bond Invest-
Colombo Lyons
Francisco Shanghai Singapore Sourabaya
26
ment
112
81
81
Nat. Cash Register 16
161
Hamburg
3
2
Nat. Dairy Products
121
13
Hankow Mukden
52
54.
Nat. Distillers 191
19 ...
Harbin
81
By
Nat. Power & Light 61
61
14%
143*
Nat Supply Corpn.
143
141
Hongkow Iloilo
Peiping
Dairen Malacca Sungei Manila Foochow
Patani Haiphong Muar Swatow, (Johore) Tientsin
Tokyo New York Tsingtao
Yokohama
re
124
124
New York Central ...
111
114
4
421
421
Niagara Hudson P
Current Accounts
Boeing Airplane Co.
223
22
Corpn.......
7
71
opened Local Currency and Fixed Deposits
in
Forden Co.
154
151
·N. America Aviation
81
received for one year or shorter
Borg-Warner
183
13
North America Co.
181..
181
Tramways .....................
$18.80
CD
H. K. STOCK
Briggs M'facturing .... 168.
162
Northern Pacific
73
Brooklyn-Manhattan
Pacific Gas & Elec
261
268
periods in Local and other Cur- rencies on terms which will be quoted on application."
THE CHASE BANK
::
31
Do. (now)...]
UD
13+
Star Furries
180
:
$23
21801
Y'ati Ferries (RS
Do.
$131
(now) $
'
311
China Lights (old)..
$10
$8
Do. (DUW)... Do. Hts.
$8.3
8:0
HK. Electric **** Macao do.
159
$59
cx ret. capital 201
Sandakan Lights"...
EXCHANGE
----
YESTERDAY'S
OFFICIAL QUOTATIONS
Trans....
94 Pacine Lighting
36.
371
Also up to date Safe Deposit Boxes in various sizes To Let.
.
15, QUEEN'S ROAD CENTRAL
Brooklyn-Manhattan
Packard Motors ......
31
· 34
$6 cum. pf.
Case. J.I.......
......... 264
77
24+* 75$
Paramount Pictures
01
.63
Hong Kong, 2nd May, 1939.
Paramount let. pf.
731
691*
Canadian Pacific.... .52
51
Pennsylvania R.R....
143
142
BONG KONG SAVINGS BANK
Celanese Corpn.
11
11
Phillips Petroleum ..
303
30%
Certo de Pasco ›
33
331
Public Service of N.J.
28
281
The Business of the above Bank
Chesapeake Corpn.... 28 *
29
Pure Oll
81
81
$271
Telephones (old)
127
다
Do. (now)...
24/-
Tractions"
#10 92/6
$131
$1.70
$17.10 Cemen
35.80
$0.00
$8.70
$242
pm
24/6
industrimis
$143 Cald., Macg. (Ord.)8
Canton Icon
$4.70 Ruper
Consolidated Providents (old)
(DOW) Misceliacevos Dairy Farma....
$3.00 Ch. Ebainment..............
Constructions, (old))
Do
#9.70 | Lane Crawfords...
Nanyang Tobacco..
Watson
694C.G. 5210250.4 Bdm. [8/82pm 11.8: Gort. 4% Lonar
31%
Do. (pref.)..........;
(Pre£/S
10*
The week has been very quiet. with the prices of a few stocks being marked down to a small extent due to sellers predomilhat- ing and buyers adopting a cautious attitude.
$1.80
BUSINESS DONE DURING
$17
,;
THE WEEK
HK. Bank. $1460, $1470..
Docks (Rights), $9.
Providents (Old), $3.70, $3.67.
Chesapeake & Ohio 231 Chrysler Corpn. ......
61 Columbla Gas & El Columbia 6% "A" pf. 62 Commercial Credit. 293 Commercial Solvents Commonwealth -8. 11. Commonwealth & 8.
231-
Radio Corpn. of Am.
51
51
41
401
Repablic Steel
i
12
时
Reynold Tobac. "B" 371
367
63+
Schenley
151 15
30
Schenley 51-pf.
841* 65
64
61
Sears Roebuck
523,
52+
11
Shell Union Oil
12
12
Socony-Vacuum Oil
121
12)
6% cum, pf...
391
30+
Southern Cal Edison
21-
21
Consolidated Edison 234 Consolidated Of
231
Southern Pacific
11
10
BL
&A
Southern Rly (com)
71
71
$3.62 $3.45.
Continental Can
371
37
Southern Rly $5.pid.
11
10%
$21
Providents (New L. $3.60,
Continental Oil
247 23
Standard Brands
71
71
$3.571.
$3,30 $14
$31, $3.55.
Corn. Products
617
621
Stand Gas & Elec.
31*
32
38.30
Providents Consolidated (Old),
$6.00.
Curtiss Wright (C)
錢
4t
Stand Gas & Elec.
<
Cartiss Wright “A” 19i
181
$7 pi............
181
181
Profits
2,776,728.78
رگم
$2.20 Binceres.......... 201
Hotels, $6.80. $63, $6.70. Lands, $38.
Delaware & Hudson, 9
81
Standard Oil of N.J. 46
461
Del. Lackawanna &
Bterling Products ...
594
592*
70%
Tramways. $18.90, $16.85, $16.70,
$162.
Western.....
5 *
43
Studebaker Corpn.
31
37
Deere Co.
151
151
Swift International 24*
25
3108
Do.
$102
Y. Ferries, (Rights), $1.70, $2.
Distillers Corpn. Sea-
Technicolor
221
22
100
H.K Wing O
362
S'hai
De.
China Lights (Old), $11.30, $11. Electrics. $50).
grams...
134
133
Texas Corpn.
352
351
יו
Douglas Aircraft
431 421
Texas Gulf Sulphur 29
291
951
Vibro Piling
Telephones (Old), $274,
Du Pont...r.
951
95
Tidewater Assoc. Oil
12
121
10/9
Maratons Ix v. (Lon.
170 ctal W Powells
(H.K.)
Govt. 4 Loan. 64% pm. 67% Eagle Picher Lead
72
8
Transamerica (new)
9.
81
•
Electric Boat
71
20th Cent. Fox. Fima
20
· 191
70 cta:
*Sales to Shanghai
LONDON EXCHANGE
p.m.
Shanghal Docks, 8$108.
Marsmans HK, 3/10.
Elec. Bond & Share
T
do. Films pf.....
29
29 *
Elec, Bond & Share
Union
Carbide &
451*
481
RATES
(British Wireless Service)
Paris
Geneva
June 1 178-11/32 21.72
June 2 178-11/32
21.72
Berlin
12.321
12.32
3.15 p.m. CHANGES (CLOSING QUOTATIONS)
BUYERS
Trams, $16.70.
SALES H.K. Banks, $1470. Trams, "$163.
55 pi.....
Carbon
621
021+
Elec. Bond & Share
Union Pacific
03
62 1
$6 pf.
51 511
United Aircraft
26
25
Elec. Power & Light
United Airlines Trans
71
T
Amoy
Kawibou
Patavia
London
Elec. Power & Light
United Corpn. ........
*21
21
Bombay
Swig
Helbourne
Talhokit
$7 pf.......
367
37L
United Corpn. $3,
Cantin
Nanak!
Flintkote
-137
131.
cum. pl.
29
291
Haiphong
Yew York
* mastle
Ялбот
Caka
Freeport Bulptur ....
25.
25
United Gas Corpn. 31
31
Hopelalu
Paria
PRIDAN
Ahaha
Kobe
Folping Blaurapork
Athens
Milan
Gen America Trans
38
36ť
Un. Gas Tprovem't 91
30
94
94
Copenhagen
TIN QUOTA FOR
Gen. Cigar
221
22
Un. Light & power
21
21
Gen. Electric
.........
321
321
US. Intrial Alcohol
15*
154*
Stockholm
Gen. Foods
Shanghai
102
101d.
Gen. Motors
New York
Amsterdam
4.94-7/16 8.961
4.949
Gen Railway Signal 131
B.96"
Glidden Co.
Vienna
Godchaux
Prague Helsingfors
1424
1424
Class "A"
Goodrich (B.F.) .......
Lisbon
Hong Kong
Bombay
Montreal
1/5-13/16 4.991 29.231
"4.09-13/18
29.244
Goodrich $5 pl. ...... 354 Goodyear Tire & Co. 161 Great Northern Rly. 15 Great Western Sugar 263 Greyhound Согри. 81 Hecker Products ...
Brussels
Yokohama
Sellers
Buenosaires
Monte Video
Bliver (Forward) Bliver (Spot) War Loan
ON LONDON
19.011 201
20
181
184
18-15/16
18-15/16
31% 101-13/18 3% 102-1/18.
Closing Quotations
June 3, 1938.
Telegraphic Transfer... 11/2 Bank Bills, on demand J 97/31 Credits, 4-months' sight 1/3-3/29 ON SHANGHAL:-
On.demand
ON SINGAPORE:
On demand
135
اگودا
Ox New York:-
557
Bank Bills, on demand 20-9/1# Credits, 60 days' sight 31-1/18 ON BATAVIA:~~
On demand........ ON PARIS:-
Bank Bills, on demand 1,095 Credits, 4 months' night 1,180 ON SAIGON:---
THIRD QUARTER
Standard Tonnages · ·
Increased For
Malaya
Paris, June 3, According to a communique la- sued after today's meeting, the In- ternational Tin Committee has
for
third fixed the gnola
the quarter of 1938 at 45 per cent.. which includes provision for buffer stocks.
211*
REICHSMARK 1%
it is anticipated that the com-U.S. BUYS PAPER pleted scheme, in a form suitable
for signature by the delegates, will
تركو
INDUSTRY
London, June 3.
Standard tonnages have been be placed before a special meeting Increased in the cases of Malaya of the International Tin Commit- Bowaters Paper Mills Ltd. and and the Netherland East Indies tee which will be held in London the International Paper Com- only, by the addition of 7 per prior to July '1
It is hoped that the meeting will cent. to their previous quotas.
From the total of 45 per cent.. fixed the percentage of tonnages such, a percentage as the Inter-within the total quota of 45 per national Tin Committee will de- cent. which will be assigned to termine fater will be allocated towards the formation of the buzzer wards the formation p buffer stock~~(Reuter),
BULLISH »REACTION stocks, to which the International Tin Committee agreed in principle' on the lines of the buffer stock skeleton scheme already submitted to signatory Governments.
Asub-committee, which will elaborate the draft as rapidly as possible, has been formed. It will take into account the observations Bank Buying Rate..... 1/3-1/91 | made by certain signatories to the
18-15/'e scheme.
33-5/16" ON HARILA -
On demand
ÎN ALFAN --
**On 'demand
ON BANGKOK;—~
On demand.
108
On demandi
ON EDIA:
Telegraphio Trapater...
Peck, on demandi
Sovereign Höken
Han Queen, TWİNİ,
1084
Big
2101
New York. June 3.
QUOTATIONS
Berlin, June 3. The Reichsmark was
quoted, without guarantee, at:
New York, 40.18 Paris, 1448. --
Amsterdam, 72.775 to 72.825. London, 12.3225.
Paris Sterling, 178.20 to 178.25.. Paris US Dollar, 38.03 to 38.05.
(Transocean)
THE MERCANTILE BANK OF INDIA, LIMITED.
Head ice-15, Gracechurch Street, London, E-C3 Authorimit Capital. subscribed Capital .. Phld-up Capliki Reserva Fund and tot
BANKERS
£3,000,000
€100.000 £1,947,830
The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok Bombay Calentia
Dillo
ipch
Karntan
Kandy
Hola Har
Racarbi
... Madras
New York
Pacany
Настоль Baghai
'Kuala Lipia nel 'Simis
Kula Lumpur
Jingspers
Kasia TraiKIRU HONGKONG BRANCH
pany, of New York," announe that they have concluded an agree ment for the purchase by Bowa- ters Ltd. of the entire commen share capital of the International
For the purpose of strengthening Colete Power and Paper Company in national control over supply and Deal Newfoundland.
demand in connection with various losgkang Bignor Falcao, the Brazilian products in the time of emergency, Bowers Minisnominally valued at 21 ster-the Ministry of Commerce and The action of the Internationalling, are involved in the transac Industry has promulgated new Tin Committee was more bullish tion. The purchase price is U.S. than was generally expected, re- $5,500,000-Renter). sulting in a heavy demand on the spot market from dealers consumers, with sellers reluctant tors Trade circles are of the to participate
opinion that possibly as much as The turnover late in the after-125 per cent. may be allocated to noon was estimated to exceed 350 the buffer stock.--(Hanter);
and
balanced
Erary "dmoription of Banking, med Eichnay
Travellera" Clequins ·Insect,"
TRUSTER AND EXECUTORSHIP SE UNDERTAKEN, BA`· GURILETS ACOCUSTS opened, in Load Car and FIXED DEPORTES regelred, in Local Carrior, WTERLINGU, 8, DOLLARS os term that may be seçertained on sypleation. Fyri
regulations providing the esta- blishment of a committee for the readjustment of the demand and supply of goods and merchandisers and the enforcement of the revised law controlling sports and Im porte effective immediately."
BENSON,
28+
283
U.S. Rubber
25
251
and Exchange business transacted. Loans granted OD
28
281
US. Rubber pl
81
securities. 604
14
U.S. Smelting
50
48 *
36
15
US. Steel
411 401
Bugar
Vanadium
131
134
Warner Bros. Pict... 41
44
12
121
Westinghouse Elec. 721
721
quoted on application.
36
Woodward Iron Cor. 111.
111
171 141 25 *
Youngstown Sheet
$
Bi..
& Tube Chase National Bk. 287 National City Bank 217* Call Money... 1%
271
27
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
is conducted by the HONG KONG |An American Bank offering.com-
& SHANGHAI BANKING COR- PORATION.
Rules may be ob- tained on application.
For the Hova Koxa & SHANGHAI RANKING CORPORATION.
D. C. Edmondston.
Acting Chief Manager.
Hong Kong 2nd May, 1938.
BANK OF EAST ASIA,
LIMITED.
Authorised Capital...$10,000,000,00 Paid-up Capital....... 3,594,600.0
Reserve and Undivided
Head Office:-HONG KONG No 10, Des Voeux Road, Central.
ная
Board of Directora :—
Sir Shouson Chow, Chairman Li Koan Chun, Esq, Li Lan rang. Esq. P. K. Kwuk. Faq Wong Chuson, Esg Wong Yun Tong, Esq. Kun Ving Pi Ka Chan Ching Shek. Fung Ping Wal Esq.
Esq
Kan Tong Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.
Brunches and Agencies ;—
Penang Bourabaya
San PZƏRƏ
bydney
elsco Tintain
Tuifa Yannis
Yak-22
Every description" of Banking
plete Foreign Banking Bervice
in the principal Markete of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THI CHASE NATIONAL BANK, NEW YORK. with Resources over U.S. $2,500,000,000.
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by... THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...$40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branchen in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities - Domestic and Foreign Banking an Exchanger
Head Ofice: SHANGHAI
Hongkong Branch:
4. QUEEN'S ROAD, O.
South China Offices:
Current Accounts opened in Local Currency and Fixed Deposits re- SHIUCHOW...
KONGMOON TOISHAN KINGCHOW
ceived for One year or shorter We also handle the issue of Bonds periods in Local and Foreign Car-land "other" Public Funds of the rencies on terms which will be Chinese Government both at Home
Safe Deposit Boxes To Let.
KAN TONG.PO,
Chief Manager.
ין
approved CANTON-
SWATOW
and Abroad.
SHOU J. OHEN
Manager.
267*
: ex. div.
• hid.