PAGE 12-HONGKONG DALLY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Kayer) Bellor
*
Nominal
6*7
MONDAY, SEPT. 26.
Banks
Sharebrokers' Association
Waterbosts
15/6 Kailans
$9.70 Raubs ...........
Venezuela Gold Flds.
17 cta Hong Kong Mine.....s
Docks, Wharves, Godowns, ate.
$130 H.K. & K. Whare...
$7.05 Providente (old) $880 Providente (new).................... $191.K. & W. Docka.... $190 Da [IDEW]....... $125 shanghai Docki 8. .......... 13.90 | New Engineerings B.
Lands, Hotels, and Balldings
18.95 H.K. Hotalm 33:4 H.R. Panda... 8. $107 Da 1% Debentures $40 Shanghai Lands B.
fl.K. Bonitis Humphreya y
Chinese Estata
Cotton Mills
$199 | Kwon (8.) konserne
B's Cottons (8.) ..............
Zoong Sings (8.).**** Wing On Textiles (8.)
"Public Utilities
Tramways............
Peak Trams (old)......
Peak Trama (26W).....
Star Ferries in
124) Y'mati Ferries C.B 324
Do, (new)
$11.20 China Lights (old).................
Buyers Ballate Balancenina)
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Silver prices rose 1/4 over the week-end for both deliveries, the for quotations being 19. 7/16 Ready and 19.-5/16 for Forward. Silver advices' reported the market as, being steady with very little doing. American Silver was quoted at 42 3/4 for Spot. -
The London /New York cross- rate was quoted at 478. New York /London was quoted at 477. 3/4.
MARKET
Was on offer at 1/3 September November and 1/2 31/32 January /February with buyers at 1/5 1/32 Cash /November and '1/3 January. US. DOLLARS Opened with sellers at 29 13/15 September October, ouyers, at 29 15/16 Cash. The closing tone at 1 p.m. was sellers at 23 3/41 September October, buyers at 29 7/8 Cash and 29 13/16 October.
SHANGHAI DOLLARS
Were quoted at 168 sellers at the opening and closed at 1 p.m.with sellers at 170, buyers at 170 3j4.
SHANGHAI MARKET
Early advices indicated seliers of Sterling at. 8. 27/32 and U. S. ș. at 17. 5/8 for Spot, and acout tiffin Interval at 8. 3/4 and 17. 3/8.
THE AFTERNOON
FINANCE
NEW YORK STOCK EXCHANGE
STOCKS
(Through Renter's Service)
QUOTATIONS
Chang 1.ud olf The oft
گان 10.
Businem Dano-siqvou sharou,
TUESDAY, SEPTEMBER 27, 1938
PAYNE & CO.
COMMODITY BROKERS STOCK EXCHANGE BUILDING
HONG KONG
BANKS
HONG KONG AND SHANGHAI BANKING 'CORPORATION
W
Authorised Capital ........$50,000,000 Issued & Fully Paid-Up 20,000,000 Reserve Funds: 401
...£ 3,500,000 H.K. Currency Reserve $10,000,000 || Reserve Liability of
Proprietors
لام
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA' Incorporated by Royal Charter, 1855
HEAD OFFICE: LONDON: 38 Bishopsgate E.C.2. Paid-up Capital
$20,000,000 Reserve Fund, .......
Head Office: HONG KONG
Board of Directors.
T. E. Pearce, Esq., ChairmÒA. Hon. Mr. J. J. Paterson,
Deputy Chairmau.
.£3,000,000'
. £3,000,000
Reserve Liability of Pro- prietors.....
1,000,000
MANCHESTER BRANCH: 71. Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOR STAR `HONG KONG PESANG AMRITSAR ILOILO, FLYGOOK" BANGKOK IPOR BATAVIA BOMBAY CALOUTTA:
BAIGON
38REKHAN
BHANGHAI
1938
$1,43091,450
H.K. Banka
$1,440
High Low-Dow Jones Averages, 145.87 98.96 $0 Industrials
31.77 19.00 30 Railr 2250, 15.14 30 Utilice 92.70 83.39 40. Bunds
Sept. 23.
134.08
2145
17.83
86.23
Sept. 25, 1938. Hig) Low Dlose 134 93 30.54 133.09 24.49 13.56 235 14.87 17,83 17.53 88.34 unquoted
Do. (Col. Reg3......
ES9
Do. (Loo, Brg)......
BAT
£10
Chartered Banks
£10
Last Bale
STOCKS
Last Sale
Maresatile Bka. “A”
£19
Sept. 23 24
£131 | Maresutils Bka “C”
£13
$88
Bank of East Asia...
$38
Adams Express
93
91
N. G. & B. Banks ............
Insurances
Alleghany Steel Co.
161
161
Greyhound Corpn. 191
Sept. 23 24 261 Great Western Sugar 27
143
Allis Chalmers
442
451
Hecker Products ... ་
01
$298
¥195
Canton Insursboss..............
$510
Ünina. InsuraNGUE VISAI Underwriters
49
LONG
$895.K. Fires
1905
Somewhat uncertain opening. Steady for a while but towards the close at 1 pm. Ụ. S. Dollars were a shade easier.
at
the
Amerada Corps,
DUL
63.
int. Nickel
47
467
Amer. Can
937
pit
int. Tel & Tel.......
21
71
Amer. & For, Power
151
15
Kennecott Copper.
38
'Amer. & For. $7 pt.
31
31
Libbey-Owens- Ford
Sterling
Shipping
368) Douglas. ..................
$72
STERLING
Amer, Locomotive
178
17
Glass
473
472
$21
131
Steamboats.getmana
Amer. Metals
131
311
Lockheed Aircraft -
127.
$80
Indo-Chines (Prs.)..........
$80
Amer. Radiator
14
141
Loew's' inc;
47.
121 4
124
Indo-Chinas (Dat.}...
$24
83/14 Shella
M441
$9.15
19.1
Mining
15/6
$9.60
$3
Amer. Rolling Mill... Amer. Smelting ...... Amer, Bugar: R′ing ... Amer. Tel & Tel.... Amer. Tobacco Amer. Waterworks... Anaconda Copper ... Atchison. T. & S. Fe.
· 101
151
Martin, Glen L
19. 181
431..
431
McKesson & Rob 11
201*
21
bina, $3 pf.
317 311
1381
1381
Monsanto Chemical 95. 93
81
811
Montgomery Ward.. 43
43
8+
Nat Dairy Products' 12
12
31
311
Nat. Distillers
221
12
301
301
A.
J. K. Bousfield, Esq.,
Compton, Esq.,
Nat Power & Light, 61
.8
$130
Auburn Motors .....
34
31
Hon. Mr. B. H. Dodwell,
Nat Supply Corpn. 131
131
$8.82)
Baltimore & Ohio ...
52
61
M. T. Johnson, Esq.,
New York Central... 151
151
W. H. Lock, Esq.,'
KARACHI
$6.70
Barber & Co.
171
171
N. America - Aviation
81
G. Miskin, Esq..
41
KLING"
157
15"
3194
Barnsdall Ol
North America Co. 17]
17
E. S. Morrison, Esq.,
TOBE
BINGAPORE.
$19
541
541
Bethlehem Steel
Northern Pacine
01.
.91
Hon. Mr. A. L. Shields,
30
$3.95
Boeing Airplane Co. Borg-Warner
201
21
Pacific Gas & Elec
251
253
D. C. Edmondston, Esq.,
CANTON, CAWNPORE
ון .
XUALA
SALAWAN
LUMPUR
BOURABAYA
314
301
Pacine Lighting
38
36
Acting Chief "Manager.co
KUCHING
TAIPINO
301
31
Briggs Mfacturing. Brooklyn-Manhattar
Packard Motura .............
41
Paramount Pictures
91
91
Branches:
$8 pal
'6
JISL
1v7
Trans............. Brooklyn-Manhattan
$0.90
$10
เลย
$10
The market was quiet in the afternoon.
184
$90
$10
$45
$14.70 415.00
$771
::
924
$12
$18.00
$61
12"
$77
88 15 |7hins Lights (new).............
$21 $11.20 $0.15
8581591
H.K. Electrics.
8591
$17Macao Electrics
STERLING
The market closed with sellers
at 1/3 September November and 1/2 31/32 January /February, buyers at 1/3 1/32 Cash /Novem- ber and 1/3 January."
U.S. DOLLARS
Sellers at 29 3/4 September and ** 11/18 October
/November. buyers at 20 13/18 Cash October and 29 3/4 December.
$8 cum. pf., ******** Canadian Paclic Case. J.I. Chesapeake & Ohio Chrysler Corpn....... Columbla Gas & El. Columbla 6% “A” pf. Commercial Credit. 45) Commonwealth & 5 Commonwealth & 8. 8% cum, pf. ...... Consolidated Edison 241 Consolidated Cl
BI Continental Can¦..... Continental Ou
241*
5)
301
70%
277 283 671
51
68
48
361..
35
40 38)
281
9.36 Sandakan Lights
SHANGHAI DOLLARS
$20)
Telephouse (old)......
$284
| Corn. Products
Curtiss Wright (C) 4 Curtles Wright "A" 193 Distillers Corps. Sea.
66 651
19
10.3 Tricplines (new),..........
$9.68
169 1/2 sellers.
grams ..
134
25/0 Tractions ......
20/0
Douglas Aircraft
A
45,
Tentions (pref.)
Du Pont
Industrial
314
Cald., Macg (Urd) S.
$13
Cakl., Macg. Prat.) 3.
Spot. Spot.
Eagle Picher Lead Elec. Bond & Share $1
1301 01
129
Elec. Bond & Share
| $1,70
Canton ices"...........
317
$4.80 Boper
Cemente
Miscellaneous
jezdív.) $25) Dairy Farina ma
Ch. t'ainmonte.........
$1.30 Constructions (old).....
་
Constructions (BW)..........
18.70 Lane Crawfords.........
Nanyang Tobacco .....
$2,20 Sinceram
$7.90 Watsons
$5 pl...... Elec. Bond & Share
$8. pl.
481
53
G
2311181
$5,95 Vibro Piling ...........
13/9 | Maramans Inv. (Lon.)
3/4
Maramane Inv. (H.K.)
70 eta Wm... Powells
*Sales to Bhanghai
LONDON EXCHANGE RATES
(British Wireless Service)
jex.div. 825
$6.30
>1,40
$9
35
$2.00
18
Cb.G.5% 1925GB
6:1
pm
H.K. Gort. 4% Loa
$106
1pm.
|H.E. Gork. 94% Loana $101
$50
H.K. Wing On..........
300
B'bai Wing On.....
$0.40
75 cta
Elec. Power & Light
・$7 Di.......
281 23
Flintkoter 213 211
Gen. America Trans 46, Gen. Electric
381 39
Gen. Motors
431
43
Gen. Railway Signal 17 17 * Glidden Co.
20
20
Goodrich 35 pf. Goodyear Tire & Co. Great Northern Iron
Ore Great Northern Rly. 17
53
45
25
117
17
* 3**#799* „******* *98** & cæ te
Pennsylvania R.R....
171
177
Amoy
Ipoh
Penaug"
COLOMBO DELHI HAIPHONG
MADRAS
TIENTSIN
MANILA
ТОМСКАЕ
KEDAN
(Bhuket)
Philips Petroleum
374
362
Johore Bangkok
Rangoon
25 <
Batavia
Kobe
Public Service of NJ.
27.
Saigon
374
Bombay
Kowloon San
HAMBURG BANKOW KARBIX
NEW YORK
5+
Pure Ol....
91
9
Calcutta
Radio Corpn. of Am.
61
Canton
Republic Steel ..
18
15
Chefoo
871
Reynold Tobac. "B"
40)
401
Colombo
Lyons
Schenley ........
15
143
Dairen
Malacca
*
Schenley, 5% pfd.
691*
68
Foochow
Manila
11..
241
Sears, Roebuck Shell Union 01 Socony-Vacuum. Oil Southern Pacioc Touthern Rly $5 pfd. Standard Brands ....
571 67
Haiphong Muar
--Patani Swatow
137 17-
132 124
14 143 1:
141
Iloilo
甘
: 62
Stand Gas & Elec.
23
3
271
Standard Oil of NJ.
50%
494
41
Stone & Webster
Swift Internationa: 23 Technicolor
g
8
Texas Corpn.
"... 18 42
287 171
421
137
Texas Gulf Sulphur 351 4120th Cent. Fox
"35
do. $1 pf.
23} 31
234
31 *
Union Carbide &
Carbon ....Tr
771
79
Union Pacific
811*
80
45.
United Aircraft ...... 244
243
United Airlines Trans 71
T
512
United Corpn.
21
21
United Corpn.
$3
cum. pf. ******
вен
261
271
United Gas Corpn.
27
3
433
Un. Gas I'prove't U.S. Rubber pf.
23
92
42
423
18. Steel..
80 .. 82
UA. Rubbe.
541
-54)
Cyandiano
161
161
251
11*
201 202 Warner Bros. Pict.... 54 Westinghouse Elec. 081 Woodward Iron Cor. 174* 28 ⚫ Chase National Ek National City Bank 22}* Call Money mas
**** 1%
• bid.
51
98
17.
284*
Paid-up Capital .........
5,598,600.00
221* 1%
Reserve and Undivided
Profits
$776,728.76
* ez div.
Kuala Francisco Lumpur Shanghai London Singapore Sourabaya Sungei
Hamburg (Johore). Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao,
Yokohama Hongkes Peiping
Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in "Local and other Cur rencles 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
PEIPINO
(Peking)
TSINGTAO YOKOHAMA
FOREIGN EXCHANOE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSIT 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 Agencies and Branches.
R. A. CAMIDGE,
Manager.
THE CHASE BANK
15, QUEEN'S ROAD CENTRAL
The Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING COR- PORATION. Rules may be obAn tained on application.
For the Hose KONG & SHANGHAI BANKING CORPORATION,
D. C. Edmondston, Acting Chief Monager. Hong Kong, 2nd May, 1938.
BANK OF EAST ASIA.
LIMITED.
Authorised Capital ....$10,000,000,00
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
:
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 C.S: $2,800,000,000.
D. M. BIGGAR,
Manager.
Paris
Geneva
Berlin
Athens
Milan
Copenhagen Stockholm Shanghal New York
Amsterdam Vienna
Prague....
Helsingfors
Bucharest.
+ Hong Kong
Bombay!
Montreal
Prussels Yokohama
Buenos Aires
Belgrade
Monte Video.
Rio
Silver (Forward)
Silver (Spot)
War Loan DAGO
ON LONDON:-
Sept. 22
178-17/32
21.26
12.05
51-9/16
4.81-7/16. 8.92
Sept. 21
173-3/8
21.28-1/2
12.08
91-3/8
19.40
83d
4.82-5/16 8.92-3/16
140 226-3/4 670
139
1/2 31/32
1-5d. 29/32
4.84-5/8
23.59-1/2
4.83 28.561
213.
19.013 20
19.02.
2-15/10 19-1/2
191
10-174
21% 1001
Closing Quotations
September 20, 1939.
Telegraphie Transfer...1/2 Bank Bills, on demand')" Credits, 4 months' sight: 1/3)
ON SHANGHAI:
On demand i..
JE SINGAPORE
On demand
SHAN
On demand
grapaio Transfer..
iss non.
$150 8174 $4.80
19-5/16 34% 99-7/16
ON NEW YORK:~
Bank Billa, on demand 29-9/16 Credita, 90 days' nighh 30-1/16
66-3/16
• IN BATAVIA :---
Jn demand .........
IN PARIS-
SHANGHAI MARKET Sterling, 8.25/32 sellers for U.S.$. 17 7/16 sellers for
THE NATIONAL DEBT
Increase Of Nearly
£229,000,000
The National” ̈ Dedt totalled €8.026.143,422 at March 31 last, an increase of £228,913, 878 over the preceding year. A White Paper which gives details of transactions relating to the Debt shows that, if capital Hlabilities in respect of sums bor- rowed under various Acts (£122. 841,203) are Included in the
Debt. National
the aggregate liabilities of the State are £8. 148.984.625. an increase of £239. 122.361 compared with year before...
a
The total deadweight debt (National Debt in March, 1914, was £649.770,091, and the aggre- gate Hlabllitles of the £700.154.110.
State
FLOATING DEBT During the year the Internal Agating debt was Increased by £143,625,000 to £841,755,000. and other internal debt by £85 078. 342 to £2,774,604.850. External debt fell by £90,211 to £1,032, 472 879,
Goodrich (B.F.)
WALL STREET TAKES STOCK
Watches Tension In Europe
Shanghal, Sept. 26 In view of the
relentless move towards war in Europe. Wall Street financial circles are anxiously studying the possible effect on which su h a war may exercise Ainerlcan economy. and comparing cautiously the present busi- ness and financial situation with WILE
1914, according to New York dispatch. Consensus of opinion is how- ever
that the United States ts better equipped and prepared economically than in 1914. It Is stated that:-
Hability
ย
The estimated capital of terminable annuities £12,530.750. Funded debt total- led £3,364.770.943, a reduction of
£113 665. Assets of the State: which admit of being calculated (not including assets arising out of the Great War, kuch as loans to Allies and. Dominions) are
war general European £669,138,477. Interest and man“
Immediate shock agement of the National Debt would be an
and £216.233.248 of to the inancial
business cost a total of
world. which *£ 10 550.000 was interest on ( savings certificates, £3,818.159 Interest on Treasury Bills, and, £201:081.889 other interest.
1 A
2. Adequate machinery in the United States now exists for swift and effective handling of every financial crisis which is likely to arise and, furthermore, the im- pact and shock would at least |partially be softened by the' anti- cipation of conditions, which did not exist in 1914.
3
H. K. STOCK EXCHANGE
ཡ- YESTERDAY'S
OFFICIAL
QUOTATIONS
The market opened on the quiet side and remained so during the day. No changes of any importance were recorded,
JUXERS
Hongkong Bank, #1430. Union Insurance, 35074..
H. K. Tramways, $16.70. Peak Trams (Old), $83, Hongkong Electrics, $584.
SELLERS
Hongkong Bang, $1450,
Hongkong Tramways, $1890. Hongkong Electrics, $591. Telephones (Qld), $264.
SALES
Star Ferries, $771,
Hongkong Govt. 34 per cent Loan,
1 per cent pm.
(Prices below in Phil. Currency)
Antamoks Pa., 33 Bagulo, Gold, 24 Benguet Consol.,, 11.50
·Coco Gröve, 41†
·Consolidated Mines., „004 Demonstrations, - 27i
1. X. L, 84. San Mauricio, 73 United Paracales, 221
Head Office:---HONG KONG No. 10, De Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan Sung, Eaq... P. K. Kwok, Esq., Wong Chuson, Esq. Wong Yun Tong, Eaq. Kar Ying Po, Esq. ChanChingSlick, Esq. FungPingWah Esq.
Kan Tong Po, Esq., Chief Manager. "Li Tae Fong, Eng., Manager:
Bruncker and Agencies:
Helbourne
PHILLng Bourbage
Bwatc Bangoon Baigor Bydany San Fran Tainoka,
also Tintels Beattle, Tokyo.
Vindsvar Yokohama
AMOY
Kowloon
ar Bombay
London
Manis
lett
Canton
alphans
New York
Bankow
Bemarang
Honeinla Parit
Shanghai
Kobe
Pelping singapore
Every description of Banking and Exchange business transacted; Loana granted
securities.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT
́OF CHINA"AS AN ́ ̧ INTERNATIONAL EXCHANGE
BANK PAID-UP CAPITAL 840,000,000.00 (BRANCHER ALLOVER 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: BHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, C. "South China Offices:
KONGMOON TOISHAN KINGCHOW
on approved CANTON
SWATOW Current Accounts opened in Local SHIUCHOW Currency and Fixed Deposits re We also handle the issue of ceived for one year or shorter Bonds and other Public Funds of periods in Local and Foreign Cur- the Chinese Government both at rencies on terms which will be Home and Abroad. quoted on application
Safe Deposit Boxes To Let
KAN TONG FO,..
Chief Manager.
CHEKIANG COAST TENSION
SHIPPING REMAINS
SHOU J. CHEN
Manager.
DYKES COMPLETED ON YELLOW RIVER Construction of dykes along the Yellow River measuring 829,884.66- square metres has inst been com- pleted," according to a message.
NORMAL
Hankow, Sept. 26. from Chengchow,
Workers, who have, been used to Despite the tension along the east Cheklang coast arising from doing such work without any re- Japanese naval activities, shipping Huneration, were jubilant when normal between Shanghai they received a sum of over $200,000 Wenchow and Talchow, according from the Chinese Government to
be divided amongst them. ona, Bhanghái, massage, -
13
CHINESE LOAN ·
REPORT
Shanghai, Sept. 26. According to banking circles here, the Chinese. financial mis-. American business - and agri- sion, headed by Mr. K. P. Chen, culture, would not receive an im- which has arrived in the United |mediate setback,, while they could States by Clipper is likely to sue not, profit as between 1916 and reed in securing a loan of $50,000, 1918 because of the great defence the United States may be drag-ties in east Cheklang are taking Japanese warabin and the Chinese 000. Part of the loan will be in preparations the depreciated ged into the confict; when strict precautions and may close shore batteries at Chenhal. It wheat, but the major part will be credit status of major European' widespread disorganisation of the the harbours when necessary. lasted for about an hour, resulting ti'cash. What collateral is quer nations, neutrality laws and the economic system will be seen On Saturday morning, a gun in little damage on both sides.—
Johnson Act. Some fear that International.
duck- took place - between Central News.
Bank Bille, on demand 1,09 Credita, 4 months' áight 1,180
SALOON:-
demand AJANTEA
190
$1-8
AMA
1405
* Notes
Buying Rat
18-1/16 19.7/19
ed is not known-International..
demand" NOKOK
The Chinese, military author.