MARKET
Stagnant.
STERLING
€9.85
$140 13.30
$201
Venezuola Gold Fids.
7 cta. Hong Kong Mines.......
Docks, WharTES, Godowns, DiC. H.K. & K. Whzvm... Providents (old).........
| Providenta (30W)...... H.K. & W. Docks....
Du jas).......... $117 Shanghai Docks S...... 13.90 Now Engineerings 9.
Lands, Hotels, and Balldings
H.K. Hotels.
H.K. Lands8.
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Buyer
ilari
Exchange
Sharebrokers' Association
NAL MONDAY, Balen
$1,480
500
£12
JULY 11.
Banks
H.K. Bank
Do. (London)
Chartered Banks .... Mercantile Bka. "4"
£139 Marosatile Bks. "C"
Bank of East Asia
N. C. & S. Banks....
£38
Buyers Soller Sal Nominal
དྷྭ་
$1,470
TH
500 £13
£13)
390
$88
$240
Canton Insurance.....................
$505 Union Insurances
1935 $500
禁言
|Underwrites autemmna
12
$ HK. Fires......
1980
Shipping
185
Douglases
$75
'8214 | Stammbónts ............
$80 Indo-Chinas (Praf.). Indo-China (Def.).....
..424
(91/104) Shella inter
320
351
$24 81/10/
Waterboste..........
Mining
15/6
Kailana
Faub
10/6
$9.80
#3
THE EXCHANGE MARKET
MESSES. ROZA BROS.
Buver prices were higher over the week-end to the" extent of 1/18 for Ready and 1/8 Forward, the quotations being 19 5/16 and 10 3/16 respectively. Sliver ad- vices reported the market as be- ing steady with some general buy- Ing. "American Silver was quoted
at 42 3/4 for Spot.
The London-New York cross- rate was quoted at 494. Naw York-London was quoted at 493. 3/4.
FINANCE
NEW YORK STOCK EXCHANGE
1938
Turuugh Reuter's Service)
QUOTATIONS
High Low Dow Jones Averages, July 6. 138.53 98.86 30 Industrials...
135.87. 39.77 19.90 90 Baile 23.97 10.14 90 Utilimen 98.70 83.39 40 Bonds
July 10, 1938. ||| High Low Close Chang 138.04. 135.19 138.30 .03 up
27.30
$7,49. 97.00 97.31
.Il up
21.58
21.80 21.47 1.70
.19 up
$8,40
34.99 45.09 11 Commodity Index 50.36
28.84 unquoted
14 up.
Business Done: 590,000 abarsu."'
TUESDAY, JULY 12, 1938.
PAYNE & CO.
COMMODITY "BROKERS STOCK EXCHANGE BUILDING
HONG KONG
STOCKS
Last Sale
STOCK'S
July 8 9
Adams Express .......
111
111
Martin, Glen L .....
Last Sale July 8 24-
S
-25%
Alleghany Steel Co.
181
181
McKesson & Rob-
Allis Chalmers Amer. Can
471
471
971
97
bins, $3 pf: ...dal.. · 33 Monsanto Chemical 90
321
913
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
-d
Authorised Capital $50,000,000 | Issued & Fully Paid-Up $80,000,000 Reserve Funds:-
AUSTRALIA 'AND CHINA
Incorporated by Royal Charter, 183
HEAD OFFICE; LONDON:
8125
$3.40
13.30
No business was reported. There were sellers at 1/2 31/32 July- September and 1/2 15/16 October- December, buyers at 1/3 Cash and 1/2 31/32 October-December.
U.S. DOLLARS There were seilers at 30 13/18 July and 30 3/4 August-September. "buyers at 30 7/8 Cash-August and
30 13/16 September.
SHANGHAI DOLLARS
Amer. Locomotive ... Amer. Metals Amer. Radiator Amer. Rolling Mill.... Amer. Smelting..... 187. Amer. Tel & Tel. 1413 Amer. Tobacco "B" 791 Amer. Waterworks.. 1 Anaconda Copper... 339 Atchison, T. & S. Fe. 371
Amer. & For. Power
43
Montgomery Ward 43
43
Sterling
£6,500,000
38, Bishopsgate EC.2.
וי
Amer. & For. $7 pi
221
227
203
201
353
351
Nat. Dairy Products 153. Nat. Distillers......... Nat Fower & Light 71
152
23
221
H.K. Currency Reserve $10,000,000 Paid-up Capital ........ Reserve Liability of
Proprietors
$30,000,000
71
15 15 20
*
Nat. Supply Corpo. 191
181
20
New York Central... 181
19
491 242
North America.-Co.. 221
22)
Board of Director's.
Northern Pacine
131
113
T E. Pearce, Esq.,.
793
Pacific Gas & Elec 281
284
11
Pacific Lighting
401
401
Hou. Mr. J. J. Paterson,
331
Packard 'Motors...
54
51
Deputy Chairman. | AMRITSAR
37
Paramount Pictures 11
111
J. E. Bousfield, Esq.,
Head Office:-HONG KONG
Chairman.
23.600.200 Reserva Fund
**** £3.000.000 ĮReserve Liability of Pro-
priators .......
£3.000.00
·MANCHESTER BRANCH: 71. Mosley Street, Manchester.
AGENCIES AND BRANCHES-
HONG KONG 'PENANG ILOILO
" *LOB STAR
IPOK
RANGOON
BANGKOK
||
Baltimore & Ohio...
91
时
Pennsylvania R.K.
21
211
A. H. Compton, Esq..
120
107 1/2 Nominal.
Barnsdall Of
18
182
|204/30] ***
117
Phillips Petroleum. 42!
- 421
Hon. Mr. S. H. Dodwell,
14
SHANGHAI MARKET "Sterling: 8.29/32 Nominal. U.S.S 18.5/16 Nominal.
Bethlehem Steel
581
594
Public Service of NJ.
311
31
M. T. Johnson, Esq.
i
Boeing Airplane Co. 291
30
Pure Oli
12
121
J. B. Masson, Esq.,
Brooklyn-Manhattan
Radio Corpn. of Am.
72
G. Miskin, Eaq.,
$5 cum. pf.
341
331
Republic Steel
181
18
K. S. Morrison, Esq.,,
16.40
$8,40
$342
5342 $103
Da, 4 Debentures Shanghai Lands 6.
$103
H.E. Realtiesavanna
$51
$5,60
59.3
19.30 Humphreys
10 Chiuose Estat
$15.2 Ewo (S.)
Cotton Mills
Sha: Cottons (5.) ......
327
$42
Zoong Sings (8.)....... Wing On Textiles (8.)
$17,55
"
STERLING
$16 $75
$24
$23)
$21
3501
*Di
Public Utilities
Tramway M Peak Trums (old) .... Peak Trams (new)................. Star Ferries...... Y'mati Ferrien C.R.$
Do. $11.10 China Tights (old).
[Chima Lighta (new)............ FB
.K. Electrics.... $18.1uscao Electrics
Sandakan Lights".....
$26.00 Telophones (old).
$201
$9.4
| Telephones (new).............
Tracións ....
89.30 24.8
23/6
Tractions (prel) meren
Industrials
314
Cald Macg (Ord:) S.
$14
Cald, Macg, (Prof.) 8.
$18.30
Cemants
$1.70 Canton lees
$4.60 Bopes
Consolidated
China Prov. (old)....... China Prov. (new)......
Miscellaneous
$17.65
322
$59
༅། བྲལ་རྒྱུན
:::
124
ber:
IN THE AFTERNOON
The market continued dull in Chesapeake & Ohio 30% the afternoon,
The market closed with sellers at 1/2 31/32 July-September and 1/2 15/16 October-December. buyers at 1/3 Cash and 1/2 31/32 October December.
U.S. DOLLARS
The market closed with sellers t30 13/16, July and 30 3/4 at 7/8 | August-October, buyers
Cash-August and 30-13/16 Septem-
"
Case. J.I....
011
931*
Schenley
181
183
Hon. Mr. A. L. Shields,
31
Schenley, 54% pfd... 731
72
D. C. Edmondston," Esq.,
Chrysler Corpm. ...... 651
9 Columbia "Gas & E. Columbia 8% "A" nf. 66% Commercial Credit.. 41 Consolidated Edison 281 Consolidated O
653
Sears "Roebuck
671
871
Acting Chief Manager. AзURG
BATAVIA BOMBAY
CALOUTTA CANTON CAWNTORE
CRDB
COLOMBO DILEI HAIPHONG,
- KUALA
BIGON
KARACHI
KLAXO.
SEREMBAN
BRANGIAJ
XOLE
SINGAPORZ
: LUMPUR
KUCHING
MADRAS
BITIAWAN BOURABAYA TAIFING TIENTS IN
11
MANILA
TONGKAR
MEDAN
(Bhuker
8
Shell Union 01 .....
181
161
HANKOW
*667
Socony-Vacuum Oil
15
151
411
Southern Pacifc
16 161
Amoy
Branchescara Ipoh
4
282
Southern Rly $5 pfd.
172
181
Baugkok Jobore
Penang Rangoon
101
-104,
Standard Brands ....
BL
A
Batavia
Kobe.
Saigon
Corn. Products
66
66
Standard Oll of NJ 55
551
Bombay
Kowloon
8க0
Calcutta
Kuala
Curtiss Wright (C) 4
"51
Swift International 27
201
Canton
Lumpur
Curtiss Wright A
203
22+
Technicolor
211
22+
Chefoo
London
Douglas Aircraft Du Pont
483
501
Texas Gulf Sulphur 331
334
Colombo Lyons
1171
1184
20th Cent. Fox Fims 25
25
Dairen "Malance
Sungei
Elec. Bond & Share
Bi
9
do.
Film's pf...
341
344*
Foochow Manila
Patani
Elec. Band & Share
Union Carbide Z
Haiphong Muar
Swatow.
$8 pf........
551
Carton
79
801
Hamburg (Jobare) Tientsin
Elec. Power & Light
$11.10
Union Pacific
78
ཏྭཱཏྭཱ༣ ་
Harbin
18
$7 pt........
413
43
United Aircraft .......
28
283
Hoogkow
Peiping
Hankow Mukdeti Tokyo
New York Tsingtao
Yokohama
"Francisco"
Shanghai Singapore Sourabaya
HARBIN
TRINGTAO
PEIFING ТОХОВАМА
(Peking) ZAMBOANGA
FOREIGN EXCHANGE 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 applies- tion.
The Bank's Head Office in 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 Agenci and Branches."
NEW YORK
H. K. STOCK
Gen. Electric
401
403
United Airlines Trans
97
101
Iloilo
Gen. Motors
381
391
United Corpn. !....
31
.. 31
Gen. Rallway, Signal 20)
201
United
Corpn. $3
Glidden Co..
221
22
eum, på i fom 31
31
Goodrich (B.F.)...... 171
171
Un Gas I'provem't 117
101
Goodrich $5 pi...... Goodyear Tire & Co. 231.
48:
48
U.8. Rubber....... 361
371
237
US. Rubber pt. ......
76
763"
"Current Accounts предед Local Currency and Fixed Deposita received for one year or shorter periods in Local and other Cur- rencies on terms which will be
in
D. J. GILMORE
Acting Manager.
Great Northern Bls. 201
201
UB. Steel
571
571
Fir
Great Western Sugar 27
27
Vapadium...
18
181
Hecker Products
711
73
Warner Bros. Pict.... 61
01
$181
int. Nickel
49}
494
Westinghouse Elec. 977
981
Fre
at. Tel. & Tel
101
101"
Woodward Trun Cor. 167
***
$8,80
$6 60
Kennecott Copper. 394 Libbey-Owens- Ford
397
Chase National Bk. 32)*
National City Bank .263*.
181 "3317 26*
Glass
401
401
Schenley 54% pf.
$24
***
自
$1.40
Lockheed Aircraft ... 131 Loew's Inic
131
Call Money
1/
1%
51
51
BUYERS
* ex div.
bid.
20,66
$64
324
2 A
::
$6.95
$6.80
Dairy Farma mai
#14
Cb: 'tainments :...................... Constrictions (old)........... Constructiona (new)..........
#6.70 Lane Crawforda........
| Nanyang Tobacco......
$9.80 Sinceras
Watsons
H.K. Govt. 4% Lowas
30pm H.E. Govt. 31% Loans $109į
71 Ch.G.5% 1925G.$Bds.
|31 80
714%
$100
160 EL.K. Wing On.....................
366
$B
S'hai Wing On ............ Vibro Piling
300
$5
913/6 Marumana Inv. (Lon.)
| $3/11. || Maramana Iov. (H.K.) Wm. Powella
79 at
TD cla
LONDON EXCHANGE RATES
Paris
Geneva
Berlin
Athens
Milan
.Copenhagen
(British Wireless Service)
July 7
July 9
177-55/64
21.60 12.28
178-29/32 21.60 12.281
93-15/16
937
Stockholm
Shanghai
Bid.
8-13/16d
New York
4.931
4.94-1/16
Amsterdam
8.951
8.957
Vienna
1421
1421
**226
Bucharest
6721
Hong Kong
Bombay
is 5-29/32d
Montreal
4.074
4.971
29.132
29.191
Prague
Helsingfors
Brussels
Yokohama
Sellers
Buenos Aires
19.00).
18.98
Monte Video
201
Rio
19
18-3/16
Sliver (Forward)
Silver (Bpot) War Loan
ON LONDON:-
31% 1031
Closing Quotations
July 11, 1929.
Telegraphic Transfer... sz Bank Bills, on domsad Credits, 4 months sight
ON SHANGHAI:- 137
On demand
ON SINGAPORE
On demand
ÜN JAPAN 100
On demand
OF INDIA-
Telegraphio Transfer... Bank on demand.
ON NEW YORK:-
19-3/16. 19-5/16
Bank Billi, on demand 20-9/16 Gredita, 00 days"-night-31-1/16
Ow. Bazaria-
OK PARIS
On demand.usammen
Bank Bills, on demand 1,096 Credits, 4 months' sight' · 1,180
1/31
150 nom.
ON SAIGON:-
i On demand
58
On demand
ON MANILA
ON BANGKOKI-
On demand.....
109
1498
Sovereign Notes
Bank Buying Rata........
Bar Silver, per os.
1/3-1/10| 19-5/10
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
The market opened steady and during the day trading was on a rather more generous scale...
At the close some prices were inclined to harden.
K.K. Bank, $1485, -
Union Waterboats, $9.
H.K & K, Wharves. $126.
EK. Docks (OLC), 521. -- H.K. Docks (New); $20. Providents (014), $3:40. Providenta (New).. $3.30. Raubs. $9.65.
Venz. Goldfield, $3.
H. & S. Hotels, $8.40.
H.K. Lands, $341.
RK. Lands 4% Deb., $103.
FK. Realties, $52."
Peak Trams (Old), $8).
Star Ferries, $774.
Yaumat! Ferries (Old), $23ą. Yaumati Ferries (New), 322. HF. Electrics. $59. Telephones (New), 39:40. Cements, $16.35. Dairy Farms, $24. Watsons, 383.
1
Consol. China Prov. (Old), $6.80. Consol. China Prov. (New), $0.60,
SELLERS China Underwriters. $24. Watsons. $6.80,
SALES
HK. Docks (Old), $214. H.K. Docks (New), $201. Providents (Old), $3.40. HK Tramways, $17.45-50. Yaumati Ferries' (Old), $244. China Lights (Qld), $11, China Lights (New), $8. Entertainments, $8.60.
New Szechuen - Yunnan
Railway, Final
Decision Is Awaited
(SPECIAL CORRESPONDENT)
Sulfu, Szechnen. July 16. Inhabitants here in Suffu. Ipin, arę awaiting with keen interest the final decision of the National Ministry of · Communications re- garding the location of the proposed Szechuen - Yunnan Ballway. Many of the engineers reconnoiting the line are in favour of having Suifu as a railroad centre
PHILIPPINE
A
The Chinese hope for an early starting of railway lines from Kunming. Yunnan, to Burma, this would provide more cutlets to the
quoted on "application.
Also up to date Safe Deposit Boxes in various sizes To Let.
Hong Kong, 2nd May, 1938.
THE CHASE BANK
3
16, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
HONG KONG SAVINGS BANK
The Business of the above Bank An is conducted by the HONG KONG.
SHANGHAI BANKING.COB PORATION: Rules may be ob tained-on application.
Por the HONG KONG & SHANGHAI: BANKING CORPORATION. D. C. Edmondatoa
Acting Chief Manager. Hong Kong, 2nd May, 19fa
BANK OF EAST ASIA.
·LIMITED. 4.
Authorised Capital. 10,000,000.00 Paid-up Capital ....... 3:5,808,800.00 Reserve and Undivided
Profits
2,778,720.70
Head Office:HONG KONG No 10. Des Voeux Road, Central.
Board of Directors: —
Sir Shopson Chow, Chairman
Lê Kim Chun. Eng. Lilan cung Đạo
18, PINE STREET,
NEW YORK.
American Bank offering com- plete Foreign Banking Service in the principal Market of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over U.8. $2,500,000,000,000
D. M. BIGGAR.
Manager
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE DATENBANK 109497 PAID UP CAPITAL. $40,000,000.00
P. S. Kwak, E WongChuson,EsBRANCHES ALL OVER CHINA) WongYonTong. Esq. Kan Ying Pu, taq
Esq.
Esq.
Chan Ching Sheke Fung Ping Wab, Owing to our numerous Branches in China and connections in the [principa) · Commercial Centres of The World, we are able to extend to our Clients special facilities fo- Domestic and Foreign Banking an i Exchange.
- Kan Tong Po, Esq., Chief Manager,
Li Tse Fong, Esq., Manager.
Branches and Agencin :-
Kowloca Fenace Bourabaya Loudro
Bangnon Baton Manda Bairon Bydosy Melbourne Ban Bron- Tadboku Nagasaki
MINING NEWS sea, apart from the line running Am
Basarla
Cak
Bankow
desiring an early construction of a
more railway lines. The · French
between Yunnanfu and Haiphong bar ALDECŐÁ GÖLD Mines, Inc "an
via Hangi in Indo-China, British acti nounces that the operating con-
and French Interests are offering pho tract with G. T. Geringer was ap-financial assistance to the Chinese olul proved and ratified at the adjourn ed meeting of the stockholders held at its offices recently: The operating contract was submitted Consol. China Prov. (Old), $8.80.bz the board of directors as re- (Prices below in Phil. Currency)
commended by the president. The Antamoks Ps. .38
board of directors are John Canson, C. M Cotterran, L R. Hobbam, J. F Boomer and W. R. Cothram.
Baguio Gold, 214 Coco Grove, 451 San Mauricio, 144,
A.K..
SHAREBROKERS' ASSOCIATION BUYERS Providents (Old), $3.35,' Providents. (New), $3,25, Hotels, $8.40. Lands, $349. Peak Trams (Old), sāļ. Yanmati Ferries (Old), $24. Electrics, 169...........
Telephones (New), $9.40) Cements, $16.30. Daly Farma, $24. Entertainments, $81.
Antamoks, 60 cts:
DOM POJEM RALES Trams, $174.
Entertainments, $6,60.
* QUARTZ HILL, Mining Company, Inc. at the meeting of the board of directors held recently, declared and approved that the fourth pay ment of 25 per cent of subscribed stock of the corporation be due and payable as of July 1
Harries, secretary, said that all stock up which subscrip- tion payment are due, with interest accrued, which have not been paid on or before August 1, 1938, will be declared delinquent and adver- tised for sale at publie auction. 4 ↑
king section
A
York Reacti Takra Qua
marang Vancouver PH Khanghai Tokokams Pelping Ringapore
Head Office: SHANGHAI'
Hongkong Branch:
4. "QUEEN'S BOAD, C.
South China!:Offices vi»
-KONGMOON
TOISHAN KINGCHOW
of Banking CANTONG Every description banks have already advanced and Exchange business transacted. SWATOW substantial. loan to the Szechuen Loans granted Kweichow, Railway for the con- securities.
on approved
SHIUCHOW." struction of the Chengtu-Chung- Current Accounts opened in Local We also handle the issue of Bonds “
Currency and Fixed Depoe te re and other Public Funds of the ceived for one year or shorter en me Two reconnoisance parties are
periods in Local and Foreign Cur- Chinese Government both at Home now working in Yunnan and Sze-encies on arms which will be and Abroad, chuen attempting to and the best acted on application. location connecting Chengtu and Safe Deposit Boxes To Let. Kunming. Both parties have sub- mitted preliminary reports.
In connection with railroad con- struction in west China it may be of interest, that a Chinese COT- poration has been formed recently! with head offices in Chungking to develop the timber" industry" in southwestern Szechuen. Should this prove, successful in the next year. China would hot have to de pend on foreign import for railway For the purpose of increasing sleepers. The supply would be the income of the government sufficient for all demands and at especially at this time, the Kwang- the aame time they would have no tung Provincial Finance Depart-dimculty in replacing all railway ment has instructed every District sleepers in other parts of Chinis | Magistrate to establish immediate which have been destroyed by the
ly a Revenue Collection. Office.
Japanese.
KAN TONG PO,
Chist Manager.
SHOU J. CHEN
*Manager.
The Manufacturers Bank of China, Ltd.
1080
Ihedrporated in Chind)
Hong Kong Branch
P. & O. Building, Des Voeux Road Central, Hong Kong.
Telephones › 38280, 83288 - 31287′′ Cable Address FACTSBANK Every description of Banking and Exchange Business transacted. London Agent: THE MIDLAND BANK T. LA LOONG,
General Manager.