$9.70 $3
#31
$1.60 $3.40 $31
17 eta. Hong Kong Mines......
Docks, WharTOS,
$130 H.K. & K. Wharton...
Datyara Bellers
Balon Nomade 1)
MONDAY, AUGUST.8.
Buyer
Sallur
Banks
cum.d $1,470 H.K. Banka
£90 ex.div.
Do. (London) um £12] | Charland Banks .... 620 Marcantile Bka. "A"
£13 Morowolle Bka. "O"
Bank of East Asia ....
188
N. C. & B. Banks
Inmirs.nces
$280
Canton InsuTIDOR
$500
Union InsuraNGER POLIT
12 1219
Underwriter zemniekster
$80
H.E. Firos .....
Shipping
Dongisse .....
#314 | Stormboats ..................................
Indo-Chinss (PreL.)....
Indo-Chinas (Daď.)..
Sales Nominal
ex.div. $1,470 ex.div. £88
#
£38
£13
$88
13
$$95
$500
12 3310
$75 $31
351
$24
91/3
180
124
AL/
Sbella...
Pisterbosta
Mining
18/3
Kalans
16/3
39.70
Venesuele Gold Fid
.*
MESSRS. ROZA BROS. "Silver prices rose 1/18 yesterday for both deliveries, the quotations being 10 7/18. for Ready and 19 5/16 for Forward. Silver advices reported India, as having bought. The market was steady. Ameri- can Silver was quoted at 42.3/4 for Spot.
The London-New York CTOLS- rate was quoted at 4.88.31 New York-London was quoted at 4.89. 7/16.
MARKET
Extremely Dull.
STERLING
No business was reported. There' were sellers at 1/3 August-Sep- tember and 1/2 31/32 October- December, buyers at 1/3 1/32 Cash-October and 1/3 December. U.S. DOLLARS Sellers at 30 9/16 August-Bep-| tember
October- and 30 1/2 November, buyers at 30 3/8 Cash- October and 30 9/18 November.
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
FINANCE
Sharebrokers' Association
THE EXCHANGE MARKET
NEW YORK
STOCK
EXCHANGE
(Through Reuter's Service)
QUOTATIONS
1938
High Law Dow Jones Averages
Aug. 3.
Aug. 7, 1938, High Low Close
144.91 98.95 so Industrials
144.47
$2.77 19.00 20 Baile
99.18
Chang
146.28 144.73 145.67 1.30 up
30.00 29.58. 89.77 40 up
22.35 16.14.90 Utilities
20.80
21.08 20.80- 20,93
13 up
98.70 83.39 40 Bonds
90.00
40.00 +5.09 11 Commodity index 49.09
30.91 unquoted
91 up
Business Done;-930,000 shares,
Godowns, ete.
SHANGHAI DOLLARS
|(129)
Sellers 183.
Providente (old)......... }
13.42
SHANGHAI MARKET
Providenta (Dew)........
121
20
[H.K. & W. Dock.....
Do. (new).......
1X1
Sterling.
21
U.S.Auburn Motors i sellers 7.31/32. Dollars Sellers 164,"
STOCKS
Adams Exprem „****
112 Alleghany Steel Co. 18 Allis Chalmers ........ 523 Amez. Can....... .... 1011 Amer. & For. Power 4+ Amer," & For. $7 pf. 21 Amer. Locomotive... 221 Amer. Metals ......... 351 -Amer. Radiator. ................. Amer, Rolling Mill... Amer. Smelting...... Amer. Bugar Ring Amer: Tel. & Tel. Amer. Tobacco "B" 90 Amer. Waterworks........ 'Ilk Anaconda Copper Atchison, T. & S. Fe. .38
Last Sale
STOCKS
August 58
Last Bale August 5 €
121
Great Western Bugaz
273 "
274
192
*Wrayhound
Corpn. 177
171
53}
Hecker Products
8
.8
103
Lot. Nickel ......... 614
44
ant. Tel & Tel........
0+
211
Keanecott Copper... 421
94 43B
223
Libbey-Owens- Ford
36
Glass
474
16 21
151
Lockheed Aircraft
151
211
Loow's Inc.
50 151 501 501
511 517
Martin, Glen L 251
Board of Directors. T. E. Pearce, Esq., Chaseman. Hon Mr. J. J. Paterson,
25
27 1413
274
142)
McKesson & Rob-
bina, $3. pf.
344
943*
***
J. E. Bousfeld, Esq., A. H. Compton, Esq.,
91
Monsanto Chemical 95
964
Hon. Mr. S. H. Dodwill,
11t
Montgomery Ward... 491
494
M. T. Johnson, Esq.,
361
37+
Nat. Dairy Products 16
16
442
J. R. Mason, Esq.,
39
Nát DEtera
261
26
G. Miskin, E
4
4
Nat. Power & Light 1
K. 8. Morrison, Esq.,
TUESDAY, AUGUST 9, 1938
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
£6,500,000
Authorised Capital ........$50,000,000 Issued & Fully Paid-Up $80,000,000 Reserve Fundi
Sterling H.K. Carrenor Reserve $10,000,000 Reserve Liability of 51+
Proprietors
Head Omce:—HONG KONG
................$20,000,000
Deputy Chairman.
THE CHARTERED BANK OF INDIA. AUSTRALIA AND CHINA Incorporated by Boyal Charter, 1855
HEAD OFFICE; LONDON: 38. Bishopsgate K01 Paid-up Capital Reserve Fund.... Reserve Liability of Pro-
prietors ...
£3,000,000 ........ £1,000,000
£3,000,000
MANCHESTER' BRANCH: 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
RONG TOTO PINANO ILOILO
KANGOON
ALOK STAR AMRITSAR BENGKOK BATAVIA
i
(POR KARACHI
SALOON
KEREMBAN
KLANG
&HANGBAT
SINGAPORE
BOKBAY
$6.70
$107
8127Shanghai Docks 8..... $3,90 New Engineerings 8.
Lands, Hotels, and Buildings
H.K. Hotels near
$38.40 H.K. Lands'.........8.
Da. 4% Debentures
$125
"
IN THE AFTERNOON
Baltimore & Ohio ... Barber & Co.
91
9.
Nat Supply Corpn. 19
194
Hon. Mr. A. L. Shields,
201
21
New York Central ....... 20
$4
The market continued dull in Barnsdall Oil ......... the afternoon.
193
201
N. America Aviation 104
10元
Bethlehem Steel ... 60
60%
North America Co. Mi
211
#61
STERLING
$38 $107
$8.40 Shanghai Lands 8.
$6.85
$0.85
H.K. Realti
$5.50 $9.30
$9.35 Humphreys ................
$10 Chinese Estates ...................
Cotton Milt
318
118 Ewow (8.)
$171 $81
917
::༣:ཁྲི་ཚོ
198
8'bai Cottora (8.)
$87 #244
124
Zoong Sings (8) .................
$12
$49
Wing On Textiles (8.)
Public Utilities
$171
U.S. DOLLARS The market closed with sellers at 30 9/16 August-September and 30 1/2 October-November, buyers at 30 5/8 Cash-October and 30 9/18 November.
The market closed with sellers at 1/3 August-September and 1/2 31/32 October-December, buyers at 1/3 1/32 Cash-October and 1/3 December.
Trans....100 Brooklyn-Manhattan
$6 cum. pí. Canadian Pacine .... Case. JI.....
Boeing Airplane Co.. 281 Borg-Warner ......... Briggs Mfacturing Brooklyn-Manhattan
Northern Pacific
137
134
321
321
Facid Gal & Elec ai
n
Amoy
341
35+
Pacific Lighting
391
391
nongkok Jobor
Penang Rangoon
Packard Motors ..............
54
Batavia Kobe
Saigon
117 11
Paramount Pictures 108
104
Bombay
Kowloon
Ban
Pennsylvania RR.
21
234
Calcutta
Kuala
314*
32*
Phillips Petroleum ...
43
431
Canton
Lumpur Shanghai
01
1
Public Service of NJ,
30
311
Chefoo
London
Singapore
Colombo
Lyons
1004
99
Pure Of
12
121
Dairen
-Malacca
Sungai
Bat
Tramways
a
Fosk Trama (old)......
$34
ezdir. $788
Peak Trams (new).......
Star Ferries........................
$79
1241
I'mati
Forries C.B.
$25
924
Do.
new)t
324
H. K. STOCK
Chesapeake & Ohio 33
731 Chrysler Corpn....... Columbia Gas & E Columbia 6% "A" pt. 631* Commercial Credit... 49 Commonwealth & 8′′ it Commonwealth & B
330
Radio Corpn. of Am. 6%
7
Toochow
Manila
742
74
831*
30
Republic Steel"./ ... 191 | Reynold Tobac. "B" 491
Schenley Schenley. 51% píd........ 743*
197
Hainhong Muar
Swatow
43
Hamburg (Johore) Tientsin
20
201
Hankow Hårbia 744"
Mukden Tokyo
11
Sears Roebuck ... 748 Shell Union Oll
742
Hongkow Iloilo
New York Thingtao
Yokohama Peiping
www
171
171
011 20 $11.30
China Lights (old)......11.10
$8
Chins Lights (new).....
EXCHANGE
001
H.K. Electrics........
3501
Continental Can
8% eum pf.........
394 Consolidated Edison 281 Consolidated 01 101
481 451
391. Socony-Vacuum Oll" 157
151
28 101
Southern Pacific... 20
204
Southern Rly 45 pid.
191
20
Standard Brands ....
18
B1
404
$18Macan Electrics
Sandakan Lights ....................
$26 8C Teleponas (cid)....................
#9.80 Telephones (new)......
Continental Ou
-351- 351
Stand Gas & Elec.
41 41*
337
$0.80
26/3
Tractions Logan
18/3
Tractions (pref.)
YESTERDAY'S
OFFICIAL QUOTATIONS
Corn. Products
601
691
Standarq Oil of N.J. STI
574
Curtiss Wright (C.)
51
Stone & Webster
101
101
Curtiss Wright "A" 243
241
Swift Internationa: 281 ·
23 *
Distillers Corpn. Sea-
Technicolor
244
Industrials
$14
Cald, Macg. (Ord ) 8.
914
| Cald., Macg. (Prof.) 8.
$1.70 Canton Loes
$1.80
41
$101
17 $7.30
$6.80
ST
1851
#1
!!!!
$8.70
Cementa
$4.10 Ropes
Consolidated
China Prov. (old).................... China Prov. ZLOW)................
Dairy Farms
Ch. E'tainmente ....................
Constructions (old).... $1! Constructions (now)..........
Laas Crawfords......... Nanyang Tobacco
$2.50 Sincere ali
$18.65
24.10
$7.00
$0.80
Miscellaneous
The market continued steady and prices were well maintained.
BUYERS "H.K. Bank (Loa.), 90 ex. d.
Union Insurance, $500. HK. Steamboats, $21. Union Waterboats, $9... Providents (Old), $34.
grams ...
17+
187
Texas Gulf Sulphur 363
25 371
Douglas Aircraft
511
513
20th Cent. Fox. Fims 259
25%
Du Pont
1311
1331
do. Films pf.... $4
33
น
Engle Picher. Lead
10%
111
Unjon Carbide
2
Elec. Bond & Share
81
84
Carton ....
817 811
"Elec. Bond & Share
Union Pacific
85
86
52 *
513*
United Aircraft
$5 pf.....
287.
281
Elec. Bond & Share
United Airlines Trana
gj
91
ST
561
$6 pl.
United Corpn.
3
3
#251
Providents (New), $3.40.
Elec, Power & Light
United
Corpn. $3
$8.25
Raubs. $9.70.
S7 p.
401
41-
cum. pl.
317
.. 321
Venz. Goldheld, $3.
Fitntkote
231
231.
United Gas Corpn.
4.
41
$8
H. and S. Hotels, $6.70.
Gen. America Trans
494
50
Un. Gus I'provem't 104
104
Hong Kong, 2nd May, 1038:
HK. Lands, 4% Deb., $107.
Gen. Electric
421
437
US. Rubber
461
461
H.K. Realties, $51.
Gen. Motors.
451
471
US. Rubber pf.... 833
834
::
Watsona
677. Ch. G.5%1925G.$B&«.
*
$60
H.K. Wing On
12/-
$7.36
1pm
3/3
161795
Vibro Piling
| Karamana Inv. (Lop.)
Maramins Inv. (H.K.)
79 cte Win, Powells
"gales to Shanghai
LONDON EXCHANGE RATES
$7.30
67%
H.K. Govt. 4% Loans | $1057
| H.K. Qort. 31% Logos
3101
$50
B'bai Wmg On..........
$5
$6.30
$8.40
H.K. Tramways, $171.. Peak Trams (Old), $64. Yaumati Ferries (Old), $24. Yapmati Ferries (New), $24. China Lights (Old); $11.20. China Lights (New), $3.
243 Goodrich (B.F.) .....
25 Goodrich $5 of 591 Goodyear Tire & Co. 291 Great Northern Iron
Orc
Gen. Rallway. Signal 211 Glidden Co.
23
US. Steel....
BANK OF EAST ASIA,
61)
621
24)
Vanadium...
201
201
LIMITED.
Warner Bros. Pict.... 257
B
591
131
Great Northern Rly. 231
131 23
+4
Westinghouse Elec. 1042 Woodward Iron" Cor. 193 294
Chase National BK. 324" National City Bank 281 Call Money ... ... 1%
* ex div.
1061 20 331* 261* 1%
Authorised Capital $10,000,000.00 8,898,600.00 Paid-up Capital ......... Reserve and Undivided
D. C. Edmondston, Eaq
Acting Chief Manager.
Branches- Ipoh
Francisco
Sourabaya
Patani
Current Accounts opened im Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be
quoted on application.
Also up to date Safe Deposit Boxes in various sizes Ta Let. Hong Kong. 2nd May. 1938.
HONG KONG SAVINGS BANK
The Business of the above Bank is conducted by the HONG KONG & SHANGHAI" BANKING.COR. FORATION. Rules may be ob tained on application.
For the HoxG KONG & SHANGHAI BANKING CORPORATION,"
D. C. Edmondsten.
"Acting Chief Manager
CALCUTTA
CANTON
CAWAPORE
COLOMBO DELAI HAIPHONO
KUALA
LUMPUR
KUCHING MADRAS
KITIAWAN
BGURABAYA TAIPING VIENTS IN
(Bhukst)
TRINOTAŬ
YOKOHAMA
(Peking) SAMBOANGA-
FOREIGN EXCHANOI and General Banking Business transacted.
CURRENT Accours opened and FIXED DEPOSITs received., for One Year or shorter periods at rates which will be quoted on application.
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 Ageneicā and Branches.
D. J. GILMORE,
Acting Manager.
THE CHASE BAN
15. QUEEN'S ROAD CENTRAL
HEAD OFFICE?
LÊ. Pira STEIT,
NEW YORK.
An American Bank ofazing "come" :
plate Foreign Banking Service in the principal Marketa 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.
D. M. BIGGAR,
Manager.
3401
MANILA
TONGKAN
MEDAN
HAMBURG BANKOW HARBIN
NEW YORK PRIPING
Profita
1,776,729.76
Head Office:HONG KONG No. 10, Des Voeux Road, Central.
Stockholm Shanghai....
New York Amsterdam Vienna
21.44) 12.23
(British Wireless Service)
August 2
Paris
178-3/16
Geneva
Berlin
-August. 6 178-25/64 21.39 12.201
Athens
Milan
93 3/16
93 ...
Copenhagen
19.391
Bld
4.90 9/18
9.95 15/16
Prague
1421
4,89-5/16 8.95-7/8
141-13/16
Helsingfor
2261
Bucharest .....................................
670
Hong Kong
1/2 31/32
Bombay
1/5 29/32
Montreal
4.91
Brussels
29.001
Yokohama
Sellers
Buenos Aires
18.8 61
Monte Video
204
Rio
2-27/32
3ilver (Forward)
19-7/16.
19-9/18
-19-5/16 19-7/16
34% 1021.
Silver (Spot) War Loan
ON LONDON:-
Closing Quotations
August 8, 1938.
Telegraphic Transfer... }1/17 Bank Bills, on demand). Crédits, 4 months' sight 1/34.
· ON BHANGRAL!-----
·On demand ............................... 170 nom
ON SINGAPORE:
On demand
is JAPAN:
On demand
*INDIA :—
Telegraphic Trans Bank, ne demand
ON NEW YORK:-
4.91 28.921
70 cts.
Bank Bille, on demand 30 Credits, 80 days! sight (20%
ON BATAVIA-
On demand
ON PARIS:
'Bank Billa, on demand. 1,098
Credits, 4 months' aight 1,160. ON BAIGON :-
109.
On demand
OF MANILA:
On dematid
HK Electrics, 3601.
Cements, $16).
Dairy Farms, ́ $25,20,
Watsons, $7.45.
Constructions, $12.
H.K. Govt. 4% Loan. 51% pm.
H.K. Govt. 31% Loan, 11 pm. SOYBEAN TESTED
Marsmans (HK), 3/3
Consol. Ch. Prov. (Old), $7. Consol. Ch. Prov. (New). $6.80. SELLERS
Providents (Old), $3.60. Providents (New), $31. H.K Realties, $5.85.
China Lights (Old), $11.30. Dairy Farms, $254. Watsons, $7.60.
Consol. Ch. Prov. (Old), $7.202. Consol. Ch. Prov. (New), $7.
SALES
H.K Fire Insurance, $205. H.K. and K. Wharves, $129į. HK. Lands, 4% Deb., $107TH. China Lights (Old), $114./30 Dairy Farms, $25}." Watsons, $7.40%
Vibro Piling. $817.85.
(Prices below in Phil. Currency}
Antamoks FB., 381
Bagulo Gold, 21
Benguet Consol., 11.20
Coco Grov, 41}
Consol. Mines .0045
IXL 65
San Mauricio, 49"
United Paracales, 132
AS MOTOR FUEL
Research into the possibi}}- ties of the use of the soybean for the production of vegetable oil suitable for motor fuel for diesel engines has been in pro- gress for some time past by Mestra. Laver Brothers, Lon- don.
Oll from about 20 different trees and plants was tested as well as. o'ls derived from several animal tallows and fats.
At present the soybean is the |chief export of Manchukuo, some 2,000,000 tons having been export- ed annually between 1930-35 from about
Астев 14,000,000
EIRE GREEN IS
NEW COLOUR · ·
A new colour has been add- ed to the existing list of more than 250 standard colours list- ed by the British Colour Coun- eil. The new emerald shade, which is a vivid......... sparkling colour, is to be known as "Eire Green," and is considered a compliment to the newly con- cluded Anglo-Irish agreement. The work of the British Colour Council is gradually finding wider acceptance among both retailers land manufacturers.
The Council's annual report, which recently has been published, under mentions that on the one hand re-
tail stores are more and more plan The bean grows successfully inning their buying and selling cam- England, and could be grown on a paigns the seasonal colour
cultivation.
OR
large scale in many parts of the cards, while on the other the de British Empire, such as Canada, mänds for special colour services in Australia, New probably, South Africa.
Zealand
OIL WELL AT DALKEITH
and,
Between 360 and 500 gallons of A.K. SHAREBROKERS' on a day are now being produced
ASSOCIATION
BUYERS
Steamboats, $211. Waterboats, $9.
China Lights. (New), $8.
Entertainments; $8.55, Watsons, 17:35.
Antamoks, 81 cts.
BALES
Wharves," $120). --
61
ON BANGIOE:-)
1061
"On demand.
1499
Sovereign Notes
China Lights (Old), '$119.
Bank Buying Rate.....
alive. Der, DE
1/2-1/16
Dairy Farms, #25§.-^
-19-7/18
Land Debentures, 71% prem,
at the Anglo-American Oil Com- pany's experimental well at Dai keith, Midlothian,
connection with colour blending by: manufacturers have justified, an increase in the Connell's sta The Council now has 1,200 mern- bers
BLOCKADE EASED The blockade enforced upon the ports of Tinghai.. Wenchow Tai- chow, Halmen, and Ningpo by the Chinese military authorities has Oll was struck on June 27, when been considerably eased so as to 34, barrels of good quality oil were permit resumption of passenger secured. The well has now yield and freight services with Bhang ed between 40 and 30 barrels of 85 has according to a report from gallons each. The company is that city. working on production test, and
when more is known about the
Company. but well special pumping equipment Anglo-American will be installed.
geological surrey for oil is going Dalkeith is the only place where on in the Midlands, Derbyshire drilling is now being done by the and Yorkshire.
Board of Directors:- Sir Shouses Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq
WongChuson, Esq.. PK. Kwok, Eaq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChing Shek, Esq. FungPingWab, Esq.
Kan Tong Po, Esq., Chief. Manager Li Tao Fong Esq., Maosger,
Branchen and Agencies ---
Kowloon
Landes
Bourabays
Bestow
Baigo Bydney
Helbourne dan Fran- Tahoka
DLOY atoria prabay
Prosc Rangoon
Maella
Kloutta Azkra "alphong Jankow
noiatu Paris obe
Cambr
Dew York Beattle
Tobys
Bowsang Vancouver Shanghai Yokobams Fudying Mingapore
"1
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT, OF CHINA ABAN INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL "OVER "CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centras of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange..
די
Head Office: SHANGHAI
Hongkong Branch
KONGMOON TOIBHAN KINGCHOW
4 QUEEN'S ROAD, C; Every description of Banking
South China Offices!! and Exchange business transacted, Loans granted
approved CANTON OD, securities.
SWATOW.. Current Accounts opened in Local
SHIUCHOW Currency and Fixed Deposits re ceived for One year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application
Safe Deposit Boxes To Let.
XAN TONG", PO,
Chef Manager
We also handle the issue of. Bonds and other Public Funds of the Chinese Government both at
Home and Abroad,
SHOU J. CHEN,
Manager.
AMERICAN HEIRESS,
HUSBAND
IN NON-SALARIED JOBS
James H. R. Cromwell joined his wife, Doris Duke Cromwell, the world's richest heiress, in non-salaried public service recently as a inember of the New Jersey Commission on Tax Law Revision, The appointment was made by Gov. A. Harry Moore,
Mrs. Cromwell this summer has tree and fair competition for a taken up the duties of a member print and continuous work. OD- of the Control Board of State In-portunity for all." stitutions and Agencies, another He is an advocate of the repeal Moore appointment. Her first task of inheritance taxes, and of a in this capacity, was a tour of general sales tax which would in- health and penal institutions, in-clude a levy on bread and wheat, cluding women's reformatoriés. whisky and cigarettes. Mr. Crom- Mr. Cromwell, whose economic well unsuccessfully aspired to writings have been in circulation the United States tepat seat left since 1939, is a defender of capital-vacant when Mr. Moore became tam, as meaning "an economy of candidate for Governor last year,
1.
"