PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers' Association
Buyers Bellary
Sales Nomina
SATURDAY, SEPT. 3.
Buyers Ser Balos Mandal
Banks
New Research Ship
(Through Renter's Berrice)
QUOTATIONS
$1,445
191,455
247
E1
228
1924
$510
2139
H.E. Banky
Do. (London) ..... Chatarod Banks... Marcantile Eks. "A" Martie Bk. "C" Bark of East Asia... N. C. & 8. Banka..... Insurances
Canton InsuTÁNCOS......... Union InsurancÚR ***** Tradekweitarm mamma
81,440
1215
H.E. Fires cànon
Shipping
$71
Douglases
Steamboats ---
о
Indo-Chinas (Prof.)....
124
Indo-Chinas (Def.)..
124
89744
Shells
$0.10
Waterbosts
89/44 $9.18
· Miestny
1870 310 $3
Kritans
10/3
Raubs
$9.90
Venesuela Gold Fide
43
7 cta.
Hong Kong Mines......
**
Docks, Wharves,
$225 1610
-32 1210
$7.48 $7.20 $7,40
10
* Godowns, pie. $131 H.K. & K. Wharves...
Providenta (old)....... Providenta (new). HE& W.-Doola............ $19.70 Do. (DOW)......... 130 Shanghai.Docks 8. .. 13.90 Naw Engineerings 8.
Lands, Hotels, ani Buildings
| $1191
$20.60
$18.60
$130
$3.95
$7.10 $38
$38
$9.85
ལྷེ་:་།
H.E. Hotel Palmemeler H.K. Lands...
$7.15 $7 $384
**
$107 Do 1% Debrataras
$1071
89.40
Shanghai Lands 8.
$4.85
$5.90
$5.90
H.K. Bonities around
Дитрагата
198
Chinese Estates Ven
Cotton Mille
$194 Ewos (8.)
$93
S'hai Čutique (§.) 1999
$24
Zoong Sings (8.)
www
*342
Wing On Textiles (8.)
130 $98
$42
Public Utilitlei
$17.40 #61
$17.30
117.30/4
Tramways
17 36/40
Posk Trams (old)..........
187
Fesk Trams (new).................
$78
$24.
$9.35 $20)
Meir
$11.60 $11
Star Færrios ......savio
124). | T'unti Ferrias. C.R.Ş
Do. (new)$
Chios Lights (old)......: $11.45/$11.70
#81 - | China Lights (now)....,-|
H.K. Electrics............
$174 | Macao Fisctrica ....................
Sandakan Lighta arie Telephones (old).
.60 Teleplaès (New)...... 20/2 Tractions yourzemes
Tractions (prof.)
977
NON-MAGNETIC
DESIGN
MINIMUM USE OF STEEL
Further particulars nave been released by the Admile-
resoaroj alty of the royal ship, to be called the Re- .search, which is now being bullt at Dartmouth by Phillp and Son, Limited, to the de- signs of Sir Stanley Goodall, Director, of Naval Construc- tion.
This international
vessel is to carry on the work of investiga- tion performed by the Carnegie. which was operated by the Car- megle Institution of Washington.
That vessel was destroyed by Are at Samoa about nine years sgo. Generous help has been af- forded by the Carnegie Institu tion in the loan of personnel and the specifications of the Car- regle and the instruments used in her, says The Times.
Although authorized over three the Research is of such an unusual design that her construction. Has taken much longer than that of normal ship. She is to cost about £188) 500.
years ago.
1
The principle object in build- ing her is to investigate the problems of the variation of the earth's magnetic field and at- mospheric electricity. It is there- fore essential that she should be virtually a fon-magnette ship. and the greatest care being taken to eliminate, as far as pos- sible, all ferrous material from the hull, machinery, and stores.
|
59.00 46.03 11 Commodity Judex" 47.66.
Amer. Rolling Mill 18
483 Amer. Smelting Amer. Sugar Ring..... 234
143 Amer. Tel. & Tel.... Amer. Tobacco "B" 86, Amer. Waterworks.... Anaconda Copper Atchison, T. & B. re. 351 Auburn Motors Baltimore
Ohlo... Barber & Co. Barnsdall Of ......... Bethlehem Steel Boeing Airplane Co. 241 Borg-Warner riggs M'facturing: Brooklyn Manhattan
Trams.
Brooklyn-Manhattan
$6 cum. pf. Canadian Pacific .... Case. J
Chesapeake & Ohio
741 Chrysler Corpn. Columbia, Gas & E Columbia 8% "A” pf. 641* Commercial Credit.. 50
11 Commonwealth & å Commarivekjiní & 8.
8% cum p.
1938
High Low Dow Jones Averages, Sept. 145.87 98.93 30 Industrial “
83.77 19.00 20 Baile
141.38 27.33
32,55 15.14 20 Utilitem 12.70 83.30 40 Bonds
19.44
38.21
J
Sept. 1938. High Low Close Chang 142.87 1176 143.48 110 up 27.88 27.56 27.7% Ab up 19.85 19.8118,58 14 up 88,17 .03 .. unquoted
STUCKS
Last Sale! Sept. 2 3
Business Donio:-380,000 shares,
STOCKS... Last Sale
Sept. 2 3
Adams Express.... 111 . 11- Alleghany Steel Co... 19 Allis Chalmers ...... Ames. Can
19
Great Western Sugar Greyhound Coryn
27 271"
161
101
491
501
98.
Hecker Products Luc Nickel
71
73
49
487
Amer. & For. Power
18.* Amer. & For, $7 pt. 18 * Amer. Locomotive... 191 201 Amer. Metals
351 .353 151
16 Amer. Radiator
181
34
I
Int. Tel. & Tel.......
81*
Kennecott Copper...
401
41
Libbey- Owens- Ford
FINANCE
NEW YORK STOCK EXCHANGE
TUESDAY, SEPTEMBER 6, 1938
PAYNE
& CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING"
HONG KONG
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
........$50,000,000
Authorised Capital Issued Fully Paid-Up $20,000,000
Reserve Funds: 81*
Sterlingdon
.....£8,500,000;
H.K. Currency Reserve $10,000,000 | Reserve Liability of
AUSTRALIA AND CHINA
Incorporated by Royal Charter, 1855.
"HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2
Pald-up Capital
£3,000,000
Glass
521
53
Proprietors
, $20,000,000 | Reserve Fund
...£1,000,000
Lockheed Aircraft !...
141
144
Loew's Inc.
611
52
144
97
10
341
47
*****
38* 72.8 201
17.
581
34
351
93
271*
88
90
29
64
37
134)
514
$81
#61
$8.65
24/6
Cementa
Consolidated
China Prov. (old)........ China Prot. (new).............. Miscellaneous
$261 Dairy Farmé "...
164
Ch. E'tainmenta.
$1.90 | Constructions (old)...........|
Constructions (new).
$8/3
Industrials.
314
Cald., Macg. (Ord}B.
$13
Cald., Macg. (Prof.) 8.
$1.70 Canton Ioes
$17)
$1.80 #171
14.901 Rop
$4.90
$7.00 $7.690 $7.30 $71/30
$8.40
8281
11.90
USE OF A BRONZE ALLOY
Mich research work was car-Continental Çan ... Al ried out by Messrs. Petters at Continental Oll their Yeovil works in order to Corn. Products....... 691 reduce the quantity of steel in Curtiss Wright (C) 5t the Diesel engines. A bronze al- lay is being used extensively, and the crankshaft is of special pon- magnetic steel.
Consolidated Edison 262 Consolidated Cyf...
81
291
30
Curtiss Whght "A" 213 Distillers Corpn. Bea-
22
,
163
47)
1311 1344
བྲཱགྒཧྨཙྪཱངྒེཎྜཊིཨྰཿཀྐཾ ཿབྷཱངྒཙྪརོ, ཛ ཝོཙྪཱ བྷོཊྚཝནྣཾཏྟཱཀཱ དྷརྨཱབྷོཊྛཡྻཡོ ཕྲགཐོག
491 234
Märth, Glen L McKesson &
22
221
Rob-
Head Office:-HONG KONG
Board of Directors.
bins. 3. pf.
NWARRIORSK
34 *
341
Monsanto Chemical 95 Montgomery Ward .... 474 Nat Dairy Products 131 Nat. Distillers
241
34 •
05 *
T. E. Pearce, Esq., Chairman, Hon. Mr. J. J. Paterson,
LAJMEN
"
20
Nat. Power & Light 61 Nat Supply Corpn. 17 New York Central. "IB
43 13+ 21 *
7
J. K. Bousfield, Esq., A. H. Compton, Esq.,
M. T. Johnson, Esq...
171
W. H. Lock, Esq.,
18+
G. Miskin, Esq..
Deputy Chairman.
Hon. Mr. S. H. Dodwell,
| Reserve Liablity of Pró-
prietors...
£3.000.000
MANCHESTER BRANCH: 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOR STAB AMRITSAR BANGKOK BATAVIA BOMBAY
HONG KONG PENANG ILOILO
IPOR
KARACH
BANGOON
BAIGON
STERNBAN
"
13
241
N. America Aviation North America Co. 191 Northern Pacific... 111 111 Pacific Gas Eleg· 254 26 Padine Lighting
16.
91
K. S. Morrison, Esq.
CALCUTTA
KLANO KODS
SHANGHAI
BINGAPORE
201
Hou. Mr. A. L. Shiels,
CANTON
KUAL
SITIAWAN.
D. C. Edmondston, Esq.,
GAWNPORE
LUMPUR
SOURABAYA
Acting Chief Manager,
28
354*
Packard Motors...... 5
5
Branches:
.284*
101 Paramount Pictures 11
Pennsylvania RR.... Phillips Pétroleum.. 397
11
Amoy
Ipoh
19+
191
Bangkok
Johore
Penang Hangoon
CBU OČLOMBO DELIKIN HAIPHONG
KUCKING.
TAIPING
MADRAS
TIENTSIN
MANILA MEDAN
TONGLAH
(Bhuket)
KAMBUNG
401
Batavia
Kübe
Public Service of N,3.
Bombay
Kowloon
San
HANKOW HARBIY
NEW YORK PRIPING
TWINSTAR
28
29
Calcutta
Kuala
Pure Oli
10+
101
Canton
301
Radio Corpn. of Am.
71
71
Chefoo
751
Repabic Steel...
18
181
Colombo
Lyons
Reynold Tobac. "B"
42 ··
421
Dairen
Malacca Sungei
641*
Schenley
173
173
Foochow
Manila
50F
Schenley, 61%, ptd... 73*
733*
Haiphong Muar
Patani Swatow
Sears Roebuck.....
724
Hamburg
Shell Union on :..
Hankow
151
151
367
Socony-Vacuum Oll "14
14
261
Southern Pacific....
181
174
Iloilo
Southern Rly $5 pfd.
18
183
411
Standard Brande
71
7+
Stand Gas & Elec.
31
*34*
691
Standard Oil of N.J..
531
34
Stone & Webster ....
10.
101
Swift International 27 Technicolo:
274* 211 » 213 Texas Gulf Sulphur 38363 471 20th Cent. Fox. Fims 271 281
do Films pf. 357
35+
103*
Union Carbide &
幢
Carbon
83+
841
Union Pacific
871
01
.48*
47 *
United Aircraft ...... 263
281
United Airlines Trans
81
87
53
54
United Corpn.
21
-24
ว
Elec. Power & Light
United Corp. $3
.
$7 pf.
36
361
cum. pt.
311
313
Filatkote
234
231
United Gas Corpn.
31
31
Gen. America Truns 494
50
Un. Gas 'provem❜t
10
10
$6.70 Lane Crawfords.....
Tobacco
$2.20
$2.10
$3.15
Watsons
$8.10
684 Ch.0.5%19350. Bd.
69+%
H.K. Govt. $% Logue 3106 H.K. Gori. 34% Loqu
$101)
160
E.K. Wing On.........
350
8'hai Wing On
354
A
$8.55
Vibro Filing
mean
$8.40
13/0
Maramana Iny. (Lou.)
3/4
Maria Inv. (H.K.)`
75 ota
*Sales to Shanghai
Qen. Electric ......... 424 Jen. Motors
421
U.S. Rubber
45+
463
481
48
U.S. Rubber pr.
86+ 871
Geh. Railway Signal 201
201
US Steel
591
Glidden Co......... 22
231
Vanadium
594 181 191.
Goodrich (BF.).
24
24
Warner Bros. Pict..
61
Goodrich $5 pt.......
56
57
Westinghouse Elec. 1031
61 1034
Goodyear Tire & Co. 234 Great Northern Iron
Ore
281
124* 21
Woodward Iron Cor. 184 Chase National Bk. 301 National City Bank 244*
18**
301*
241*:
I'Call Money
10
1%
I ex. dv.
bid.
2,776,796.76
Wm, Powells......... 65 ch
LONDON EXCHANGE RATES
Paris Geneva
Berlin
Athenis
Milan
Copenhagen
Stockholm
4.84) 8.92-3/16
(British Wireless Service)
Aug 31 178-10/64
21.291
12.12!
Sept. 3 178-19/64 31.282 12.091
-3.
921
921
18.73
Shanghai
Bid
New York
Amsterdam ...
4.852 8.92-1/16
Vienna
A
Prague
1491
2269
670.
1/2 31/32
-1.5-27/32d
4.851
28.78)
28.691
214
18.901
18.991
201
2-27/32
19
191
194
34% 1024
18.994 18-13/16
Helsingfors
Bucharest
Hong Kong
Bombay
Montreal
Prussels
Yokohama
Belgrade
Buenos Aires
Monte Video
Rio
ilver (Forward)
Suver (Spot) he War Loan
4.861
1404. 226-3/4
Consideration is also. being given to such matters as Iron nails in packing cases. tin con- tainers for food and cigarettes. cooking utensils. cutlery. razor blades, drums for paint and of, and even the ship's typewriter. all of which must be non-mag- netic.
The hull is being construct- ed of. teak planks on brass frames, subdivided by eight watertight bulkheads The keel, stem, and stern posts are of teak and Canadian rock elm, copper sheathed. Anchors and cables and wire for the rigging, will be of alumi- nium bronze. The ship will have loaded displacement of 770 tons. and will be rigged as A brigantine. with a full all area of about 12,000 square feet. "
The propelling machinery con sists of a Petter atomic Diesel engine of 160 BHP. driving a two-bladed feathering propeller.
and the auxiliary machinery for the dynamos. refrigerator. air compressor. and winch includes one 18 h.p. and two 9 h. p. Diesel engines.
"The speed will be 6 knots, and with capacity for 14 tons of Diesel off the
ship will
have an endurance of 3,000 miles,
1.
in- Over 20 special scientific struments will be carried, for while the principle work will be in connection with terrestrial
magnetism and atmospheric electricity, the ship will also un- dertake meteorological work and Oceanographical work, for which purposes she will have both ob- servatories and laboratories.
grams Douglas Aircraft Du Pont
Eagle Picher. Laad 10t Elec. Bond & Share 71 Elec. Bond & Share
$5 pf.......... Elec. Bond & Share
se pf......
121 Great Northern Rly. 201
Philippine Mining News
MEXICO SENDS
DEFIANT
NOTE TO US.
Washington, Sept,
The proposals by the United States for a settlement of 'the American claim for compens~ tion for property expropriated by the Mexican Government have been rejected by Mexten.' In a defiant nots made publie yesterday.
High officials have received the Mexican note with marked im- The Research will probably be patience, and it is widely believed launched next February, and be that the Mexican attitude has ready for her first cruise in eliminated any possibility of the
GOLDEN GATE Maring Com pany, which held a meeting re- cently was formerly the Golden Gate Mining Association which Was incorporated July 9 this year with the Securities and Exchange Com- mission.
Ita authorized capital is P500,000 of which P333,481.88 in subscribed and P149,440.70 paid in. Par value per share is ten"centavos.
Saigon
Franciaco
Lumpur Shanghai London Singapore" Sourabaya
(Johore) Tientsin Mukalen
Tokyo Harbin New York Tsingtao Hongles Peiping Yokobama
་' ་
Current Accounts opened in 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 To Let.
Hong Kong, 24th August, 1938.
HONG KONG SAVINGS BANK
The Business of the shove Bank is conducted by the" HONG KONG & SHANGHAI BANKING COR- PORATION. Rules may be ob tained on application.
For the HuxG KONG & SHANGHAI BANKING CORPORATION.
D. C. Edmondston, Acting Chief Manager. Hong Kong, 2nd May, 1928.
BANK OF EAST ASIA, LIMITED.
5,508,600.00
Authorised Capital $10,000,000.00 : Paid-up Capital ....... Reserve and Undivided
Profité
"Head Office:-HONG KONG No. 10, Des Voeux Road, Central.
Hoard of Directors:
Sir Shouson Chow, Chairman
.1
Li Koon Chun, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChuson, Esq. Wong Yun Tong, Esq. Kun Ying Po, Esq. Chan ChingShek, Esq. FungPingWah Esq.
Kau Tong Po, Esq., Chief Massger. Li The Fong, Esq, Manager.
Branches and Agenċisa...
Kowloon Pesang Sourabaya Leados Rangoon Swalow
Amoy
Batavia
Bombay
Manila
Calmatia
Canton Haiphong Hastar
The paid up capital consists of Bett P31,78439 in cash and P117,056,31 | Kob in property which consists in tum} of 5,000 tons of chromite ore valued at P100,000 and the rest in other properties.
Golden Gate was incorporated with the following as incorporators and directors: Charles A. Mc
Donough, Rafael Corpuz, Raymond Balvador Zaragoza.
Joseph Rice and
M. Rankin,
K
October, 1939. She will visit the United States "resuming monthly Camegie Institution at Washing-purchases of silver from the Mexi
The 5,000 tons of chromite ore of ton; and, after calling, at Bouth can treasury.
the company is reportedly ready for American ports will examine an
shipment on its property located in The note indicates Mexico's in-cugayan de Misamis in Mindanao. area in the South Atlantic betention of continuing to expropriate Tristan da Cunha and all lands that may be necessary."...
CAGAYAN IRON Company, Inc. tween Capetown,
It is stated that Mexico has not near future in order to resume is expected to be reorganized in the When this is completed she will make a circuit of the Indian repudiated eventual compensation, development work on its iron Os NEW YORK:-
Ocean, probably calling at Perth, although there are international claime located in Cagayan pro- Bank Bills, on demand 30-1/16° Cocos Island, Colombo, Seychel- precedents for doing, 30,- (Reuter) vince Credits, 60 days' sight 200/19 1es. Mauritius, and Durban, where ON BATAVIA:-
she should arrive about Novem- On demand
ber: 1940, we
Closing Quotations
September 3, 1938.
Telegraphic Transfor...
UY LONDON:
Bank Bile,
ON SHANGHAI 3-
19
Credits, 4 months sight. 1/3).
On demand
UN SINGAPORE:
On demand
SHE JAPAN: --
Teleg
170 nóm.
65 3/15
Bank Bills on demand 1,095 Credits, months" right: 1,180 SAIGON --
ON MANILA
On demand
On demand
Os Barok:
100
On demand
Sovereign Notes
Bank Buying Rato.....
109
1406
1/3-1/16
Native goods manufacturer in Her, complement will triclude Shanghai are now reported to be six officers, four scientists. and organising a trade mission to the 22 petty officers and men.
| south-west. The mission, sponsored by several slik plece goods po The Osaka Chamber of Com- dicers and owners of native, irőn merce and Industry will submit foundries, is open to participation proposals for a commercial treaty by other trade interests and even between Japan and Fern to the cultural circles Members of the Peruvian economic zussion which mon are expected to leave is due in. Yokohama on September Shanghai for the south-west la
groups early in September.
The present management is stili waiting for the stock market to pick up when it will be easier to float new capital issues...
The authorized capital stock of the company is P50,000 but its pale up capital was spent by the at management in the develog ment of the property, about a year ago, it was further reported
As a result, work has been tem porarily suspended pending the reorganization of the company.
..Babrun
Bydowy Tahoku Melbourne San Fran- Nagherce
biaco Tien tik New York Beetle Tokyo
Danka
Parla
Semarang Vancouver
Shanghai Yokohama
dlagapore .. Palping
on
(Peking)
YOKOHAMA
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. The Bank's Head Office in London undertakes Executor and Trustee business, and claims re- of British Income Tax overpait, on terms which may be ascertained at any of the Agencies and Branches.
R... A. CAMIDGE,
covery
Manager.
THE CHASE BANK
18, QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering com 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 U.S. $2,500,000,000,
D. M. BIGGAR,
Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA ÁS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL OVER CHINA) |
ཀ, ༴་རྩྭ་
1
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
Hong Kong Branch: "
4. QUEEN'S ROAD, C. .
South China Offices:
CANTON - SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
Every description of Banking and Exchange business transacted. Loanx
granted
approved securities.
Currency and Fixed Deposits re- Current Accounts, opened in Local
ceived for one year or alforter
We also handle the issue of periods in Local and Foreign Car- Bonds and other Public Funds of rencies on terms which will be the Chinese Government both at quoted on application..
Home and Abroad, Safe Deposit Boxes To Let,
SHOU J. CHEN,.. KANTONG PO,.
Manager. Chief Manager.
NEW FACTORIES
IN HONG KONG
Hong Kong's "ascendancy as other, according to Central News. an industrial centre is borne Reports that plans for their estab- out by plans for the erection fishment are a concrete result of of six big factorles by Chinese an industrial tispection tourin Industrialists from Shanghai. the southwest' provinces organised These are the New Astatic recently by a group of Shanghai Chemical, Works, the Mayar Silk Industrialists and financiers are Mills, the Kuopin Soap Factory of understood to be incorrect, the International Dispensary, the
Germany is paying high prices Tien Lee Bynthetic Nitrogen Pro- ducts Company, the Tien Yuan for mud. More than 60,000 tons Electrical Chemical Works and the have reached Hamburg from China Commercial Advertising and America this year. It comes from Printing Co. Some of them are iron ore mines and containg a moving down from Shanghai,all percentage of iron, Iron-
whilst others are new establish- starved Germany has evolved. a ment SN process for extracting iron from All the factories, the sites of the mud. It is costly, but Herr which have been chosen, will be Hitler says iron is more precious operated Independent of each than gold.