52071
Branches:-
£98
£13
$98
368
Bank of East Asia ....
N. C. & B. Banks ........... Insurances
13
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock"
Exchange
Sharebrokers'
Association
Boraina!
Players
Seller Sales
Namini
MONDAY. AUGUST 22.
Dayere
Balen Soltere
Banks
H.K. Bańka ternaka
Do. (London).
Chartered Banks....
£131 Mercmatile Bks "C"
63,445
E19
£28
Marcantile Bя "A**
$1,440
BHJ
THE EXCHANGE MARKET
MESSES. ROZA BROS.
Silver prices dropped 1/18 över the week-end for both deliveries, the quotations being 19 5/16 for Ready and 10 3/16 for Forward. Silver advices reported the market aš be- ing steady. Indla bought to n small extent. Speculators sold. American Silver was quoted at 43 3/4 for Spot.
CTOSS-
The London-New York rate was quoted at 487.93. *New York-London was quoted at 488.
FINANCE
NEW YORK STOCK EXCHANGE
1938
(Through Reuter's Service)
QUOTATIONS
Aug. 21, 1939,
High Low Dow Jones Averages, Aug. 19. Bigh Low Close (45.67 88.00 30 Industrials
$9.77 19.00 90 Baile
$2.55 15.14.90 Üsilition
9.70 83.39 40 Bonds
58.00 43.09 11 Commodity Index 47.91
Business Done:-250,000 shares.
Upang
✓
141.13
28.31 £8.56 28.38 - £245 19.75 18.0 19.7% 19.79
141.88 140.95 141,20
.07 ap
.14 up
104 up
83.98
88.91 ,07 ok anquoted
I.
'
STOCKS
Last Bale
STUCKS
Last Sale
Adams Express
Aug. 19. 20.
11+
Aug. 19. 20. Great Western Sugar 261 111"
201
Alleghany Steel Co. 17) Allis Chalmers
18
Greyhound
Corpn.
171
17
בי
1235
Canton InxtraDOMS................
MARKET
$606
Amez, Can...
491 100
491
Hecker Products
71
7
100.
Int. Nickel ...
40491
#605
Union Insuranc9d'..................
Quiet.
32
Üzdar ritet
3210
180
1.K. Firma ****
Shipping
Douglases da
$2"Sisambonis .
$80 Indo-Chinas (Prof.).
Indo-Chinas (Def.)...
$73
$33
201
STERLING
There were sellers at 1/3 Aug.- Nov. and 1/2 31/32, Jan.-Feb., buy- ers at 1/3 1/32 Cash-Nov. and 1/3 Jan-Feb.
31
Amer. & For. $7 pf. 191
Amer. Locomotive... 201 Amer: Metals...
Amer. Radiator ......
342
Amer.For. Power
$8.86 3371
6.85/90
$38
$120 Bhanghai Docks ..... $390 New Engineerings 8.
| Lands, Hotals, and Belldings
H.K. Hotel ................ xdir, H.K. Lande8. $107 Do: 4% Debentures
8.40 Shanghai Lands S. HK. Realties.
$0.35 Humphreya .........................
HIVO Chine Estates
Cotton Mils
99/41 Shells
18.10
.;
Waterboats....
Mining
18/9
Kailana
310.10) Rauba......
#3
Venezuela Gold Fids.
7ets
Hong Kong Mines.......
Docks. WharTOR,
Godowas, etc.
$128
83.60
$3.85
H.K. & S. Waarise... Provident (old)..
$1284
$9.02
834
$3.85 132005
Providenta (new).......
$3.57+ $20.65
$19.6)
H.K. & W. Dooka....
Do
(new)..
+9197 #128
14
89/44
$9.10
16/0
#10.
$3.
U.S. DOLLARS Sellers at 30 1/2 Aug.-Oct, and 30 7/16 November/January, buyers at 30 916 Cash/October 30 1/2 Nov.-Jan.
15 Amer. Rolling Mill.... 181 Amer. Smelting
Amer. Sugar Ring... Amer. Tel & Tel... 141
47 24
and
SHANGHAI DOLLARS
$8.90
36.90
$37 oz.div.
$107
STERLING
$11.35 38.10
$24
Tramways...
Peak Trama (old)......
Peak Trams (now)..................
Ferries...
si Ferries C.R.S
Do. (DOW)
China Lights (old)......$11.35
China Lights (new)......
81 H.K. Blectrics ..........................
$9.30
非
$19
$18.80 Ewos (5.)
#87
196
B'bai Cotton (8.)
$24
Zoong Sings (8.).......
$42
Public Utilities
Wing On Textiles (8.)
$42
117.10
$17.30
*43
$3
$78
· #78′
#35}
$84
$18
Macao Electrics ................
192
$20.50
*8/3
Industrials
$14
Cald, Macg (Ord) S.
$13
Cald., Mac. (Prod.) 8.
$1.70 Canton Ice
$17.35
$17.40
$7.20
$7.30
.
China Prov. (old).......
971
#7.10
17.00
#7.30
$261
325
#61
$8.55
Sandakan Lights...........
Telephones (old).........
$9.60 Telephones (new).... 26/3 Tractions
Tractions (pref.)
$611
$28.80 $9.00
·24/0
$1.80
Cements
$4.90 Eupes
Consolidated
::
China Prov. (DSW)...-.-
Miscellaneous
Dairy Farm anim
1251
178 1/2 sellers at the close. SHANGHAI MARKET Sterling opened with sellers at 8.13/32 and closed with sellers at 8.3/8. U.S.$ opened with sellers at 17.3/32 and closed with sellers at 17.11.32.
IN THE AFTERNOON The market continued quiet, in Brooblyn-Manhattan the afternoon,
at 1/3
The market closed with sellers at 1/3 Aug.-Nov. and 1/2 31/32 Jan.-Feb.. buyers" Cash-November and 1/3 Jan.-Feb U.S., DOLLARS
The market closed with sellers
at 30 1/2 Aug-Oct. and 30 7/18 Nov.-Jan, buyers at 30 9/16 Cash Oct. and 30 1/2 Nov.-Jan.
SHANGHAI MARKET Sellers 178.
SHANGHAI DOLLARS Sterling closed with sellers at 8.13/32 1.8.3. closed with sellers at 17.3./32.
H. K. STOCK EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
The market was buoyant; prices improving with an all round" in-
creased enquiry.
BUYERS
se cum. pf...... Canadian Pacifc.... Case. JI
Chesapeake & Ohio 305 Chrysler Corpn. Columbia Gas & El
.6
Columbla 6% “A” pl. Słị Commercial Credit... 47}
Amer. Tobacco Amer. Waterworks. Ahaconda Copper Atchison, T. & 8. Ft. Auburn Motors Baltimore & Ohla... Barber & Co. Barnsdali Ol.... Bethlehem Steel..
85
101
341
361 4
201
1B
Boeing Airplane Co. Borg-Warner Briggs Mfacturing..
561 26
321
334.
10%
Trans,
Brooklyn-Manhattan
32
62
91
1/32
721.
Commonwealth & S. Commonwealth & 8. 6% cum pf...... Consolidated. Edison Consolidated Cl Continental Can .... Continental Of
11"
351 28
91
44
331
Com Products Curtiss Wright (C)
€9)
23
Curtiss-Wright "A" Distillers Corpo. Sea-'
15
grams
Douglas Aircraft Du Pont
48
13041 1311
Eagle Picher Lead Bec. Bond & Share
101
71
Elec. Bond & Share
48
*
$5 pi.......
Elec. Band & Share
$6 pt.
55
Elec. Power & Light
修
57 pt.
301
Flintkote
227
Gen. America Trans
47
Th
[Ch. Etainments ........
$1.90 Constructions (old)....... $1.50
Constructions (new)..........)
$8.70 Lane Crawfords.........
HK. Bank (Lon.). £85. Union Insurance, $505, HK. Fire. Ins.. $210.
Gen. Electric
421
Gen. Motors
471
Gen. Railway: Signal
21
Nanyang Tabscoo
$2.20 Sinceres
Watsons
$8.06
71%
Ch.G.5% 1925G.3Bds.
71%
Providents (New), $3.55.
H.K. Govt. 4% Losas | $100) |
R. and S. Hotels, $7.
H.K. Govt. 31% Loans
$101
$50
H.K. Wing On
$50
H.K. Lands, $37.
B'hai Wang On.... 14
HK. Realties, $5.85.
$6.40
HK Tramways, $17.20.
!
170 ot
Glidden Co ****
231
Goodrich (B.F)
581
121 121
ཝཀྰཙྪཤྣཧྲྰིནཱབྷོཏྟཱབྷོབྷོཏཾཐཱདྷབྷུནྡྷནྡྷ ཎྜཾ བྷིཝཎྞཾཎྞཝཝནྡྷནཱཀྐ ནཱནྣཱ#ནཱབྷཙྪཾཨསྶ བྷིདྡྷིབྷཱབྷཱ བྷྱཿiaཨྰཿཎྞཱ ནཱ
int. Tel & Tel........
Kennecott Copper... 411
82.
81
"Essued & Fully Paid-Up $90,000,000
Reserve Funds:
401
Sterling
£8,500,000
Libbey-Owens- Ford
Glass
19
+91
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors
...$90,000,000
Lockheed Aircraft ...
143
141*
Loew's Inc. .......
477
47
Head Office:-HONG KONG
Martin, Glen L McKesson &
231
231
Rob-
bins, $3 pf. ... -341
341*
T. E. Pearce, Esq., Chairman.
Monsanto Chemical 937 Montgomery Ward 461 Nat Dairy Products-133 Nat. Distillers
921*
Hon Mr. J. J. Paterson,
461
༔་
Deputy Chairman,
14
J. K. Bousfeld, Esq.,
24
24
A. H. Compton, Esq.,
Nat Power & Light 61
*
Hon. Mr. S. H., Dodwell,
TUESDAY, AUGUST 23, 1938.
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA,
BANKING CORPORATION
Authorised Capital $50,000,000
Board of Directors.
AUSTRALIA AND CHINA. Incorporated by Royal Charter, 1855
HEAD OFFICE: LONDON:
38. Bishopsgate E.C.2. Paid-up Capital.....£3,000,000 Reserve Fund Reserve Liability of Pro-
Brietors
.£3,000,000
£3,000,000
MANCHESTER BRANCH:
71. Mosley Street, Manchester.
AGENCIES AND BEANCHES:
HONG KONG PENANG ILOILO
ALOK STAN AMRITEAR
(POR
RANGOON
ДАМОКОК
BAIGON
BATAVIA
KARACHI
SEREMBAN
Nat. Supply Corpn. 177
178
M. T. Johnson, Esq.,
New York Central... 181
J. R. Masso, Esq.,
ΒΟΜΒΑΣ
KLANO
SHANGHAI
187
ROBE
G. Miskin, Esq.,
N., America Aviation
91
91
KUALA
K. S. Morrison, Esq.,
North America Co.
201
201
Northern Pacine ...
124
12+
Pacific Gas & Elec
27
2711
Hon. Mr. A. L. Shields, D. C. Edmondston, Esq.,
-Acting Chief Manager.
Pacific Lighting
Packard Moters
33
DELHI "HAIPHONG
CALCUTTA CANTON CAWAPORE CKBU COLOMBO
LUMPUR KUCHING,
· MADRAS.
MANILA
TAIPING
BINDAPORL
SITIAWAN
KOURABAYA
5
HAMBURG
Paramount Pictures
9
Pennsylvania FR.
201
201
Amog
Ipoh
Phillips Petroleum ..
401
10
Bangkok
Johore
HANKOW HARBIN
TIENTGIN
TONGKAR
MEDAN
(Bbuket)
NEW YORK
TSINGTAQ
PEIPINO
YOKOHAMA
(Peking)
Batavia
Kcbe
Public Service of NJ.
293
291
Bombay
Pure Ol...
102
107
Calcutta
Kowloon
Kuala
Radio Corpn. of Am.
7
Canton
Republic Stee!
18
181
Chefoo
Reynold Tobac. "g" 42
414
Colombe
Schenley
18
18
Dairen
Schenley, 51% pid...
74
744*
Foochow
Sears Roebuck
73
721
Haiphong Muar
Hamburg
Shell Union OI!....
16
181
Hankow
Socóny-Vacuum Of
141
142
Harbin
New York Tsingtao
Southern Pacific"...
184
181
Hongkew
Peiping
Tokyo
Yokohama
Southern Rly $5 pid.
18
18.
Iloilo
५
Standard 'Brands
73"
71
Stand Gas & Fec.
31 *
33*
Current
ima
Standard Oil of N.J.
54'
541
Stone & Webster
91
91*
Swift International 261
261*
Technicolor
227
23
Texas Gulf Bulphur
35
35
20th Cent. Fox. Filma.
241
243
do. Films pl...
021*
321*
Union
Carbide
*9
Carbon
82+ 82}
Union Pacific .........
89 83* United Aircraft 274- United Airlines Trans
271
9
81
United Corpn.
21
.21
United Corpn.
513
cum. pl......
311
31
United Gas - Corpn.
33
.37
Un. Gas Tprovem't 10
101
US, Rubbɛ: "........................
451
451
U.S. Rubber.. pt. ............
861
87
U.5. Steel
58)
59
Vanadium
181
187
241 241 Warner Bros. Pict....
8
6
Westinghouse Elec. 102)
103.
Woodward Iron Cor. 19
181*
Chase National. Ek "31 * *
National City Bank. 25 *
| Call. Money
$8.10
$6.85 Vibro Piling
12/6 Maramani Inv. (Lon.)
Karsmans Lay. (HK)
70 ota Wa. "Powells
*Saier to Shanghai -
LONDON. EXCHANGE RATES
Union Waterboats, $9.10. HK. and K. Wharves, $128. Providents (Old), $3.85.
Peak Trams (Old), $6. China Lights (Old), $11.60. China Lights (New), 38.30. Telephones (Old), $26.20.
Telephones (New); $9.65.
Cementą, $17.60.
1
21
Dairy Farms, $257. Watsons, $8.10.
#
HK. Govt. 4, Loan, 53% pm. HK. Govt. 14% Loan. 11% pm. Consol. Ch. Prov. (Old), $7.20. Consol. Ch. Prov. (Old), $7.
SELLERS
H. and S. Hotels, $7.15. HK. Tramways, $17.30.
SALES
H.K. and K. Wharves, $129. H. and S. Hotels. $6.90/7.10. HK. Tramways, $17.20. Telephones, (Old), $27.-
(British Wireless Service)
August 18
Parts
178-55/64
Geneva
Berith
21.281
12.18
Aug. 20. 178-29/32 21.29 12.17
Athens
Milan,
923
923
Copenhagen
נו
Stockholm
Shanghal
18.73 Bad
New York Amsterdam Vienna Prague Helsingfors
4.87-15/16
4.88
8.912
8.921
1411
1414
Telephones (New); $9.65.
Cements, $17.55/60.
2261
Bucharest
670
(Prices below in Phil. Currency)
Hong Kong
1/2 31/32
Antamoks Ps.. 381.
Bombay .....tirerapen inte
1/5-29/32d
Montreal
4.891
Prussels
23.991
4.80 28.961
Yokohama
Bellers
Buenos Aires
Monté Video
Rio
Silver (Forward)
Silver (Bpot) War Loan
"
18.871 20.
2-27/32
194
191
31% 1023
Dr LONDON!-
Closing Quotations
August 28, 1929.
Telegraphic Transfer... Bank Bills, on demand
ON NEW YOIF:-
On Batavia:
19-3/16 19-5/16 31% 1021
Bank Bills, on demand 1,095 Credits, 4 months' night 1,180
Atoks, 331 Bagulo Gold, 214. Coco Grove. .45. Consol. Mines, .004. Demonstrations, 28). 8an Mauricio 55. Buyoc Consol., 17. United. Paracales.. 32.
AK SHAREBROKERS' ASSOCIATION *BUYERS
Wharves, $1231. Providents (Old), 3.65. Providents (New), $3.55. Docks (Old), $20.75. Docks (New), 319.60. Hotels, $10.
Bank Bille on demand : 201 Credits, 60 days' aight 201
On demand
664
Credits, 4 months" 'sight © 1/3)
ON PARIM:
ON SHANGHAI --
On demand
170 nom,
Lands, $37.75.
ON SAIGON:
Realtles, $5.80.
UN BINGAPORE:— “
1.
On demand
103
Trams, $17.15,
On decaand
Kak
ON MANILA:
Peak Trams, $6.75..
IN JAPAN:-
On démand
B01
Lights (Old), $11.50.
ON BANGXO:--
On demand
100+
On demand...
1496
COLEDIAN
Sovereign Notes -
Telegraphic Transfer Sauk e demand
Bank: Buying Rate....
1/8-1/16
19-8/16
Lights (New), 18.40. Telephones (New), Cements, $17.55. Dairies, $25,50. Entertainments, $8.55,
Goodrich $5 pf.
281 Goodyear Tire & Co. Great Northern Iron
Ore
Great Northern Rly. 211
Philippine
Mining News
Mining PHILIPPINE - NIPPON Company. Inc., shipped a total of 6.090 tons of manganese ores to Japan during the month of July from its property in Palawan Larger shipments could be made but due to lack of space on boats, the Philippine-Nippon Arm could not ship more ores, it was declared.
#
+ ex. div.
311* 251* 1% 1%
bid.
WEAKNESS OF THE FRANC
"An Unjustified
Campaign"
The frane was again weak on August 12 and a frankly pes- simistic spirit prevalled on the Paris Bourse, in spite of a fair ly cheerful declaration made by M, Marchandeau, the Minis- ter of Finance.
sac-
Penang Rangoon Saigon 8ah
Francisco
• Lumpur Shanghai London Singapore Lyona Sourabaya Malacca Sungei Manila
Patani Swatow (Johore) Tientsin Mukden
Accounts opened
}
Local Currency and Fixed Deposits received for one year or shorter periods in Local and, ather Cur- rencies on terms which will be
quoted on application.
Also up to date Safe Deposit Boxes in various sizes To 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 HosG KONG & SHANGRAI BANKING 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 5,508,600.00 Reserve and Undivided
-Profits
2,776,798,76
Head Office:HONG KONG No. 10, Des Voeux Road, Central
Board of Directors:-
Sir Bhonson Chow, ChairmaKOJ Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChason, Esq. Wong You Tong, Esq. Kan Ying Po, Esq. ChanChingShek, Esq. FungPing Wa. E
Kan Tong Po, Esq., Chief Manager.. Li Tse Fong, Enq., Maunger."
Brancher and Agencies—-—
Boarabaya BWLLOW
Apoy Batavi Bombay
Kowloon
Penang
Londoa
Bangoon
Balon
Bydway...
Chouita
Melbourne Sa Fran-
Talhoka
Canton
Halphot
Hackow Hooviala
Xaraks
daco New York Beattie Otaka
Kot
.... Bemang
Stanghal Park Polping Singapore
Tents' Takru Vancouver Yokohama
The weakness of sterling in re- Goldlation to the dollar led to further AGNO CONSOLIDATED Dredging Co., Inc., has at present selling of francs, and, though the negotiations with the American French Equalization Fund
Every description of Banking Smelting. Company in the Unitedceeded in raising the Faris rate on" States for the latter firm to make London to 178.89 as compared with and Exchange business transacted. granted оп approved inspection of the placer property 178.90 the previous day, the un- Loans of Agno Consolidated along the derlying trend was weak and the securities.
Current Accounts opened in Local Fund lost a good deal of foreign Currency and Fixed Deposits re Agao river in Pangasinan.
Two American engineers are now exchange. The franc on New York ceived for one year or shorter working on a property near Agno fell from 36.63 to 36.72, and the periods in Local and Foreign Our terms which will be Consolidated drilling holes. One discount on three months' francs rencies on
over quoted on application. of them, R. J. Edmonds, is a direct in terms of sterling rose to
Safe Deposit Boxes To Let representative of the Americansix francs, against around 4:50 Smelting, while the other. G. R. francs Plumb, contacted the firm for the property
Watsons, $8.05.
Prov. Consolidated (Old), $7.30. SELLERS Wharves, $130.00. Tamă, $17.456..
SALES Providents (Old), $3.65. Providents (New), 33.55.: Docks (Old), $21.00. Docks (New), $19.80. Hotels, $7.00/7.10. Lands, $38.00 X Div. Trama, $17.15/20;
Electrica $61 26 Telephones (New); 59.65. Cements. $17.55,
Prov, Consolidated (Old), $7,30,
In a statement published by the newspaper Epoch M. Marchandeau denied absolutely the report that seems to have gained currency in London that the French Govern ment were thinking of introducing foreign exchange control'
The present campaign of disparagement against the French financial situatiän was quite unjustified, be added. All the Government's obligations and they had been heavy d been met. The financial post- tion was better than it had been for years.
He did not claim that all was for the best in the best of all possible
worlds, but he did not think crities were doing any good by repeating that the Government could have done better, There could be nic
Liga
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 application. in The Bank's Head Office 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 Agencies and Branches.
D. J. GILMORE
Acting Manager.
THE CHASE BANK
18, QUEEN'S ROAD GENTHAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering poto- plete Foreign Banking Service in the principal Markets 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 US $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 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:
4. QUEEN'S ROAD, C. South China Offices:
CANTON SWATOW
SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issue of Bonds and other Publio Funds of the Chinese Government both- at Home and Abroad.
SHOU J. CHEN,
Manager.
paid very special attention to' there Industrial prices, and was no doubt, that its activities had had a useful effect. Since January 1 all requests for authority to raise prices had been turned down,
KANTONG PO,
Chief Manager.
There could be no return of con- fidence. M. Patenotre added, if monetary manipulation prices were not stable. At the further without the gravest consequences moment French prices were well below foreign prices. It was to be "HEALTHY" PRICE FALL M. Patenotre, Minister for Na-hoped that that disparity would be tional Economy, in a statement maintained, thereby reversing the issued to the Press, sought to ex-conditions that had prevailed be- plain the underlying causes for tween 1931 and 1937
the recent fall. In the level of It was to be expected that retail" prices would follow the movement French wholesale prices.
In the first place, he said, it had of wholesale prices, with due al- to be borne in mind that the pre-lowance for the necessary time lag. vious rise, particularly in the prices As a matter of fact, the retail of foodstuffs, had been somewhat price index for July was eight overdone, and that to that extent points below that at June. th the movement was in the nature In spite of all the problems that had still to be solved there was of a healthy reaction to
Another important factor was the pressure exercised by the National Committee Prices. The Committee
every reason to view the future of France with conadence. All the essential conditions for an econo had ́ ́mic revival were present.
or