· 335.
| Canton Insurs2.201 Ualon Insursacės m
1000
፡፡
3810
135
$220
Steady..
PAGE 12 HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers* Association
Bayer Hom Balvi
Nang inai
MONDAY,
JULY 4.
Bayern Sellers S
Banks
Do
H.K. Banka
(London).
$1,480
E113 Chartered Banks....
£28
Marcantile Bke. "'*"* £139 Mercantile Bks. ***** 590 Bank of East Asin'...
NC. & & Back...
Insurances
$5021
-
#240
$21 Underwriters........
$1,460
$OUT
683
£117
633
£14
$38
+3
THE EXCHANGE · MARKET
MESSRS. ROZA BROS.
Silver prices dropped 1/16 over the week-end for, both deliveries. the quotations being 19 for Ready and 187/8 for Forward Silver advices reported some tear cover-1 Ing. Bellera were reserved. "The market Was steady. American Silver was quoted at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 495.56. New York-London was quoted at 495. 11/16.
·MARKET
FINANCE
NEW YORK STOCK' EXCHANGE
1028
(Through Reuter's Service)
QUOTATIONS
High Low Dow Jones Averager 132,33, 9801 - 30 Industrials
88.37% 19.00 30 Rally
2.2011 0 Utilinen 2.70 83.39 40 Bonds
July 1.
136.53
26.60
12.05% 87.05
54.9 4103 11 Commodity Index 50,30
July 2, 1938.
High Low Close Chang 13849 185 83,128,83 2,40 up 091.88 17.01® B737 8 up 2242 29.15 22.3732 up $7.90 .44. up unquoted
Business Dond-1,470,000, abarGA,
IN
STOCKS
Last Sale
STOCKS
Last Sale
July 1 ง
July 1 2
BANKING CORPORATION
H.K. France
Shipping
STERLING
$75
520
$278.boats .....................................
$80
Indo-Chitis (Prst.)....
$31
124
Indo-Chinas (Dol.
90/-
Shells
Waterbuate ................
88/11 $8.90
**
12
aut
ota
03.40
13.40
$31
$191
$19
5343
15-
Ksilons
Rauba
Mining
Vanenucis Gold, Fida.
Hong Kong Mines......
Docks, WharTOS,
Godowns, etc.
3125 H.K. & K. Wharves... #12%.
Providents fold)........................
[Provideste foaw}~...
H.E. & W. Docks....
Do
(now).
#17 Shanghai Dooks B.....
83.90, New Engineerings 8.
Lands, Hotels, and
* Bukings
$5.40 H.K. Hotele
Adams Express
ILA 111. Alleghany Steel Co. 19 197 Allis Chalmers....... 191 493 Amer. Can.******
994 1003 No business was reported. There] Amer. & Forl Power, 42 were sellers at 1/2.31/32 July- Amer, & Fot. $7 pf. 231 244 August and 1/2 15/16 September- Amet. Locomotive 207 211 October, buyers at 1/3 Cash- Amer. Metais August and 1/2 01/32 September- | Amer. Radiator October.
Loew's Inc,
501 521
Martin. Glen I
2
24
241
Authorised Capital
$50,000,000 ||
McKesson &
Rob-
Issued & Fully Paid-Up $30,000,000
bina. $3 pi.
Reserve Funds :-
314
314
Sterlingumo gau
£6,300,000
Monsanto Chemical '924
H.E. Currency Reserve $10,000,000
Montgomery Ward... 431
443
Reserve Liability of
Nat Dairy Products (151
151
Proprietors...
$90,000,000.
100
#0
240/45)
$3.30 195
!!!
$191
U.S. DOLLARS
Beliers at 30 7/8 July-August and 30 13/16 September-October buyers at 31 Cash-July and 30 15/16 August-September.
SHANGHAI DOLLARS
188 1/3 Nominal.
SHANGHAI MARKET
Amer. Rolling Mill... Amer. Smelting ........... 50 Amer. Tel & Tel... 143
*37 371
• 151 15 201
Nat Distillers
227
231
Nat Power & Light
7
8
Head Odies:-HONG KONG
211
Nat Supply 'Corpn.
20
201
501
New York Central...
167
174
Board of Directors.
143)
North America Co. 23.
23
T. E. Pearce, Esq.,
Amer. Tobacco "B" 781 Amer. Waterworks.. 113 Anaconda Copper ...
701
Northern Pactic ...
101
111
12.
Pacific Gas & Elec
201
29
Hon. Mr. J. J. Paterson,
33 Atchison, T. & F. 35%
347
Pacific Lighting.....
40
40%
Deputy Chairman,
J. K. Bousfield, Esq.
TUESDAY, JULY 5, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
Chairman
AUSTRALIA AND CHINA Incorporated by Royal Charter, 1955
HEAD OFFICE; LONDON; 38, Bishopsgate 201
Paid-up Capital. Reserve Fund. Reserve ability of Pro- prietors
JI
£3.000.000 £3.000.000
$3.000.00
MANCHESTER BRANCH: 11. Mosley Street, Manchester. AGENCIES AND BRANCHES.
HONG KONG FENANG HALLO
ALOR STAR
дод
RANGOON
AMBITSAR
HANGIOE
38
Packard Motors .......
41
5+
SAIGON
Baltimore & Ohio ...
72
81
Paramount Pictures 11
11A
A. H. Compton, Esq
BATAVIA
Barnsdall Ou
Hon. Mr. S., H. Dodwell,
BOMBAY
17
#173
Pennsylvania R.R. ... 194
191
M. T. Johnson, Esq.,
Bethlehem Steel
603
621
Phillips Petroleum ....
414
43
J. R. Masson, Esq.,
CALOUTTA CANTON
KÄRACHT KLANG KOM
VEREMBAN
SHANGHAI
SINGAPORE
XUALA
BITLAWAN
3117+
8.3/4 Nominal
Boeing Airplane Co. 261
273
Public Service of N,J.
321
$3
G. Miskin, Esq.,.
J4
IN THE AFTERNOON
Brooklyn-Manhattan :
Pure OIL
12
123
K. S. Morrison, Esq.,
The market was quiet in the afternoon.
$6 cun. pi. Case, JI
27** 30 .06
Radio Corpn. of Am. 7
981
Republic Steel
191
20
$8.35
+
H.K. Lands..........
$35
$108)
Da. 4 Debentures
$1024
Bhanghai Lands S.
$54
$9.30
::
$54
1.K. Realties ................
Humphreys
$9.30
18.35
5000
Chinese Estates ...........
Cotton Mil-
$14.60 Ewen (5.)
1/
$78
8hai Cottons (S.)
$14.70 $751
$27
Zoong Sings (8.) .......
$12
Wing Oa Textiles (8.)
$42
Public Utilities
$16.90
$17
Tramways...
$18.95
Peak Trams (old)...... | 184
Teak Trams (WW)...........--|
13)
STERLING The market closed with sellers at 1/2 31/32 July-August and 1/2 15/16 September-October, buyers at 1/3 Cash-August and 1/2 31/32 September-October.
U.S. 'DOLLARS .. Sellers at 30 7/8 July-August and 30 13/16 September-October. buyers at 31 Cash-July and 30 15/16 August-September,
SHANGHAI DOLLARS
168 Nominal
Chesapeake & Ohio 32° Chrysler Corpn........ Columbla Gas & El Columbia 8% "A" pí. 88 Commercial Credit. "39 Consolidated Edison 281 Consolidated Oll Corn. Products
321
Schenley
20
201
Hon. Mr. A. L. Shields, D. C. Edmondiston, Esq.,
Acting Chief Manager.
821
67
Sears Roebuck
81+ 682.
21
Shell Union Oil
101
161
Branches:
877
Bacony-Vacuum Oll
151
151
Amoy
Ipoh
41
Southern Pacific
131
171
Bangkok
Jobore
-281
Southern Rij $5 pfd.
1
18
Batavia
Kobe
97 052:
10
Standard Brands
81
BA
Bombay
Kowlsm"
BE1
Standard Oll of NJ.
551.
653
Calcutta
Kuala
Curtis Wright (C) 5 Cartiss Wright, "A" - 201 Douglas Aircraft.. Du Pont
5
Swift Internaciona.. 27
27.*
Canton •
Chefoo
London
201
Technicolor .......
221
221
Colombo
487
501
Texas Gulf Sulphur 34
337
Dairen
1213
121)
20th Cent. Fox. Films 23
24
Foochow
Manila
Elec. Bond & Share 01 Elec. Bond & Share
91
do. Films pt....
331
33 *
Haiphong na
Patani Swatow,
Union Carbide
&
$8-4
884
Star Ferries
$84
$23
Y'mati Ferries C.R.S
$121
SHANGHAI MARKET
$8 pf......
57
571
Carbon
791
Bankow "813
Mukden
$224
Do.
(new)Si
$21.
8.7/8 Nominal,
Elec. Power & Light
Union Paclic
83
023
Harbin
New York
$1405
$11
China Lights (old).......
#17
si plc........
441
447
United Aircraft
271
28
Eongkow
Peiping
Tokyo Tsingtao Yokohains
Penang Rangoon Saigon
San
Francisco
Lumpur Shanghai
Singapore Lyons Sourabaya Malacca Sungei
Hamburg (Johore) Tientsin.
LUMPUR
KOIZRABA YA
TAIPING TIENTS IN TORGKAB..
(Bbuket)
NEW YORK. THINGTAO" PEIFING TOZO HAMA (Peking) ZAMBOANGA
FORTION EXCHANGs and General Banking Business transacted
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica- tion.
The Pauk'a Head Office in London undertakes Exeontor and Trustee business, and claims ra
of British Income Tax. covery overpaid, on terms which may be ascertained at any of the Agencies and Branches.
CAWNYORK
CEBU
COLOMEO DELHI HAIPHONG HAMBURG HANKOW HALLIN
KUCHING MAD RAN MANILA
Tloilo
China Lights (new)..
Gen. Mectrie.........
417
421
United Airlines Trans 9
87
$69
H.K. Electrics
#58)
Gen. Motos "gi
37
39
United Corpn.) wi 31
다
38
18.10 Electrics
Sandakan Laglita
jax,div. 12.20 Telephones (old).
OD
|ax.div.) $9,9; | Telepho̟nón (new)................
CD
39.20
H. K. STOCK EXCHANGE
Gen. Ralway Signal 201
201
United
Corpn. $31
Glidden Co. ..................
Current Accounts opened in Local Currency and Fixed Deposits
D. J. GILMORE,
Acting Manager.
21
231
cum. pr
324
321
Goodrich B.F)
17
18
24/6
Tractio............
24.6
Goodrich $5 pt...... 483
246
Tractions (prel.}
Goodyear Tire & Co. 221
Industriais
Great Northern Rly. 201
| Cald., Macg. (Ord.) 5.
$14
$4.50 $6.50
$6.80 36,50
***
$0.300
Cald., Macg. (Prof.) S.
$1.70 Canton Tees ......
$162 Cements
$4.60 Ropes
124
Consolidated
China Prov. foid).......
China Prov: "[new). Miscellaneous
Dairy Farms ...........
$8.50 Cb. Ettainments
Constructions (old)....... $1.4: Constructions (new)....
$8,70 | Lane Crawfords.........
Nanyang Tobacco.
2.20Bencere
Watsons
· d8j, Ch.G.5%1925G.#Bds,
61.pz H.K. Govt, 4% Loans
:::
$1.00 $16.20
$8.80
18:50
$934
$8.65
YESTERDAY S OFFICIAL QUOTATIONS
The market after the holidays in quietly steady.
BUYERS
Union Waterboats, $9. RK. & K. Wharves, $1241. H.K. Docks (Old), $194 H.K. Docks (New), $18. Providenta (Old); $3,40,
Providents (New), $34.
Venz. Goldfield, $3.
Great Western Sugar 282
Hecker Products ... Int. Nickel
Int. Tel. & Tel.
Kennecott Copper... 40 411 Libbey-Owens- Ford
Glass
Lockheed Aircraft
$11
$0.30
***
$100
H. & 8.. Hotels, $6.35.
37 pm H.K. Gori, 31% Loans | $1084
H.K. Lands 4% Deb.. $1021.
$50
H.K. Wing On...
150
---
S'hai Wing On..........
$60
Humphreys. 39.30.
HK Realties... $5.60.
H.K. Tramways, $17.10.
Peak Trams (Old), $81.
70 cta
Vibro Piling........
$1/6 Harm Inv. (Lon.)
13/11 Maramans Inv. (HK)
70 ota Win, Powells
LONDON EXCHANGE RATES
Parta
Genera
Berlin
Athena
Milan
Copenhagen
21.612
(Brkish Wireless Servies)
June 20
July 2
177-29/32
177-57/64
21.604
12.304
12.301
94-3/16
04-3/1B
82
4.951-
8.95-3/16
4.05 8.951
1423
Helsingfors
2261
Bucharest
6721
» Hong Kong mad
Bombay
1/5-13/10
Montreal
5.001
5,00%
29.22
29.231
Stockholm Shanghai
New York
Amsterdam
Vienna
Praguens!
Brussels
Yokohama.....
Sellers..
Buenosaires
19
Monte Vidéo
204
Rio
Bliver (Forward)
18-15/18
Buver (Spot)
19-1/16
War Lökn
UN LONDON
· 34% 101-18/18
Closing Quotations
July 4, 1638.
Telegraphic Transfer... 124 Bank Bills, on demand J Credits, 4 months' sight. 1/81 SHANGHAI:
On demand
ON SINGAPORE:-
ON NEW YORK!....
China Lights (Old), $11,
H.K. Electrics, $50. Watsons, $8,40.
Consol, Ch. Prov. (Old), $6.80.
Consol. Ch. Prov, (New), $8.50. H. & S. Hotels... $6.40. Star Ferries, $82.
SELLERS
H. & S. Hotels, $8.40. HK Tramways, $17.35. Star Ferries, $82.
SALES HK. Bank, $1460. Union Insurance, $502. Providents (Old), $3.40, Providents (New), $31: HK. Lands, $342.
HK. Realties, $51.
H.K. Tramways. $17. Star Ferries, #84,
China Lights (Old), $11.10. Consol. Ch. Prov. (Old), $8.80. Consol. Ch. Prov. (New), $8.50 (Prices below in Phil Currency)
Antamoks, 381 Baguio Gold, 21
Consolidated Mines. 0035
Demonstrations, .271
San Mauricio, 444
181
19
A.K. SHAREBROKERS' ASSOCIATION, BUYERS
Bank Billa, on demand 2011/16 "Credite, 10 days' night 31-7716 ON BATAVIA
On demande
56
(ØN ¿PARIÉST
150 nbtn.
Bank Billa, on demand 1,095 Crédita, 4 months' sight 1,183
Os $41005:-
On demand
100
On demand
531
„ON MASTILA ---
ON JAPAN:
On demand
ON BANGKUL
On demand
100%
On demand
Sovereign. Nater......
Telegraphie Transter...
Bank Buying Rate....
Wharves, $125. Hatels, $6.35, Realtys, $51. ·
Humphreys, $9.30. EK Trams. 217... Peak Trams (Old), $81. Electrics, 350EUR Entertainments, $3:55. Antamoks, -62 eta, Atoka, 40 cts.
SELLERK China Lights:(Old), $11.15.
·RALES
1491
Unions, $600, Yaumati Ferries (New) China „Lights (Qld), Si
PHILIPPINE
MINING NEWS
AGNO-PLARIDEL Placer Mining
Inc. has sent notice to
EXTENSION OF
W
WORK HOURS
THE CHASE BANK - -
Also up to date" Safe Deposit 15, QUEEN'S ROAD CENTEAL
Hong Kong, 2nd May, 1938. ⠀
HONG KONG SAVINGS "BANK"
་་་
The Business of the above Bank
is conducted by the HONG KONGA
& SHANGHAI BANKING COA- PORATION. Rules may be ab tained on application.
For the Hong Kong & SHANGHAI, BANKING CORPORATION, D. C. Edmonditon.
Acting Chief Manager. Hong Kong, 2nd May, 1938. -
BANK OF EAST ASIA. LIMITED.
the stockholders that a special, Germany's Shortage dan 6,598,000.00
meeting has been, called by the board of directors to be held in the offices of the corporation. 124.
Of Labour
In the course of a report on the
Authorised Capital $10,000,000.00 Reserve and Undivided
Profits...
**9,776,728.74
Head Office:-HONG KONG
T. Finpin, Fernandez building, on work of his department in 1937, Ne 10, Des Voeux Road, Central August 2, at 3pm.
the German Minister of Labour In an official notice to the share-states that in view of the frequent holders: Itwas stated that at the shortage of labour for the fall-
Board of Directors:- Sir Bhouson Chow, Chairman meeting. various resolutions of the ment of the programme laid downLi Koen Chan, Esq. Li Lan Sang, Esq., board of directors pertaining to by the four-year plan it became P. K. Kwok, Esq. WongChuson, Esq. the dissolution of the corporation necessary to extend hours of work. Wong Yan Tong, Esq. Kan Ying Po. Esq and the distribution of its assets Such an extension however, Chan Ching Shek, Fung Fing Wab,
Esq.
Kan Tong Po Esq., Chief Manager. Li Tse Fong, Esq., Manager.
will be taken up for consideration could only be permitted in cases Steps toward the dissolution of where it was "calculated to result the company, it was revealed, in a definite increase of produc- were an aftermath of the examination. tion made by C. G. Carlson, min-
Branches and Agencies
Kowloon Prox
London
Benyor
Esq
Bourways
Talksky
Amer
Baber-
Bombay
Moniča
Balgon
Bwston Hydney.
Melbourne Bac Prin
Canton
EROW
Tiental
pour
New York
<acti
malala
Paris Priping,
FREZE YEHOORTET "Shanghai" Yako
Blowtipies
Tabre
HEAD OFFICE:
18, Eisa Brazer, i
NEW YORK.
.
Americau, Bank offering com- plete Foreign Banking Service in the principal Markets of the world. Interest Hates on Application."
►
BAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHABE NATIONAL BARE, NEW YORK, with Resources over U.8. $2,500,000,000,
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF OHINA AS AN INTERNATIONAL EXCHANGE,
BANK PAID-UP CAPITAL, $40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches China and connections in the principal Commercial Centres at The World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking an Exchange,
Head Office
SHANGHAI
Hongkong Branch:
4, QUEEN'S ROAD, C.
South China Offices:
The authorities immediately ing engineer, Yuba Manufacturing concerned had, therefore, been in Company of San Francisco, Call-structed, he said, to avoid an un- fornia, who suggested and re duty rigid limitation of hours of commended to the board of direc work and to make use of the pos- tors to abandon further plans to sibilities of extending hours which exploit the property with a view the law allowed whenever it wa Kobe to gaining reward from its gold absolutely necessary. content. Mr. Carison reported to
Every description of Banking Provision was made, he went on and Exchange business transacted CANTUN KONGMOON the mausgement that any proce- tu say, for such possibilities by the Loans granted
approved HWATOW : dure in opposition to his advise, collective regulations issued by the securities.
TOISHAN will prove expensive and
SHIUCHOW KINGSHOW un-Labour Trustees; possibilities --Current Accounts -opened in hocal doubtedly a waste of capital and might also arise out of permits Currency and Fixed Deposit re We also handle the issue of Bonds effort.
Kranted by the Labour Inspection | ceived for "ODA year or shorter and other Public Funds of the periods in Local and Foreign Cuṛ- Service,
Extensions of hours, however, rencies on farms which will be Chinese Government both at Home
quoted on application..
and: Abroad. could only be considered in those
Safe Deposit Boxes To Let industries where there
KAN TONG "PU, shortage of labour and where the
Chief Manager, interests of the State demanded an increase in production.
Those industries, he added, apart Canada is the Afth trading ni* from those concerned with the tion in the world and the fourth in production of raw materials, in exports. Canadá last year wcluded the iron and steel industry; eight in imports, in purchased the building and kindred trades goods, behig exceeded "onty by the and, to some extent, the chemical. United Kingdom, the Wolted Ste-wood and food industries. tes, Germany, Franen, Japan,,
FIFTH TRADING
NATION
IN THE WORLD
Belgium and the Netherlands.
WES
3
The leading importing country of "Canada was in tenth place with the world on a per capita basis last $58. net capita, Now Zealand was year was New Zealand with $112 also Drst in per capite exports with per capita, Switzerland was second | $145-azil Canada was second with and the others in order of fuper- $91, the next eight being Denmark, tance were Denmark, the United Belgium, Australja, Switzerland, Kingdom Norway. Netherlands, South Africa, Sweden, Norway and Sweden and Australíu.
the Netherlands.
BRITISH TRADE WITH BALKANS
London, July 4, The possibility of strengthening British economic ties in the Bal- kans is being considered in London by a departmental committee com posed of representatives of the Treasury, Board of Trade and the Foreign Oncer -
SHOUT. CHEN
•Manager.
NEW RAILWAY RECORD
Loddon, July 4.
A new British, railway speed re- cord was achieved yesterday by the Northeastern streamlined express Mailard when it reached 125 miles per hour between Grantham and Peterborough for 306-yama The committee has already held
Earlier in the run it matained a meeting to examing problems of
120 miles increasing purchases of Balkan products and extending "export.
The prev credits to Balkan states later); per hour.
TEWARILA miles
...
Un. Gas fprovem't. 111
11:
received for one year or. shärter periods. in Local and other "Cur-
48"
U.S. Rubber
38%
391
rencies on terms, which will be
244
U.S. Rubber pr.
*9
19
quoted on application
201
U.S. Steel
59 60%
271
Vanadium
**A - 181 *
181
Boxes in various sizes To Let.
EL
74
50
50%
101
102
"
381 127
40 13
Warner Bros. Pict... 61 Westinghouse Elec. 99) Woodward Iron Cor. 16 Chase National BL. 32" National City BankTM 271* Call Money..
63
1001 153 331* 28*
1
1%
$ ez div.
bid.