HONGKONG DAILY PRESS
BANKS
HONGKONG AND
SHANGHAI BANKING
11
CORPORATION
Authorised Capital 850,000,000
THE CHARTERED
BANK OF INDIA,
- AUSTRALIA &
CHINA
SHARE MARKET
REVIEW
BY C. A. L. RICKETT Secretary, Hongkong Sharebrokera
Association
Hongkong, May 12, 1939. Market conditions continued quiet during the week ander re view. There has been more en-
Issued & Fully Paid-Up #20,000,000 |Incorporated by Royal Charter, 1853 quiry, however, but in spite of a Reserve Funds:
Sterling
....£ 0,500,000
H.E. Currency Reserve $10,000,000 | Pald-up Capital ......... £3,000,000 Beserve Liability of
Reserve Fund $20,000,000 Reserve Llability of Pro-
prietors...
Proprietors
Head Office:-HONG KONG.
Board of Directors.
Hoo, Mr A. L. Shielde
W. H. Lock, Esq.,
Chtirman.
Deputy Chairman,
J. K. Bousfeld, Esq., A. H. Compton, Esq..
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq.,
G. Miskin, Esq............ ·
K. A. Morrison, Esq.,
Hon. Mr. T. E. Pero,
H. V. Wilkinson, Esq..
Sir Vandeleur M, Grayburn,
£3,000,000
.£3,000,000 HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2. Sub-Agencies in London: 117/122, Leadenhall Street, E.C.3.
West End Branch: 14/18. Cockspur Street, S.W.1. Manchester Branch:
better feeling there has been but Little improvement in the volume: of business recorded for the week. The undertone of the market has been firmer and prices, in some enses have advanced appreciably. Holders were reluctant to sell at Usted prices and buyers nave been forced to raise their bide to obtain shares. The undertone at the close la steady but the market continues very restricted making trading con- ditions difficult.
Hongkong Banks had buyers at
52. Mosley Street, Manchester. 2 $1350 with sales reported at $1355
AGENCIES AND BRANCHES:
ILOR STAR AMBITHAR
BANGKOK.
ΒΑΤΑΝΙΑ BOMBAY
Chiet Manager. CALCUTTA
HARBIN PERANG HONG KONG RANGOON
BAIGON ILOILO
SEREMBAN fron
SHANGHAI SINGAPORE SITIAWAN BOURABAYA | TAIPING
ΚΑΡΑΓΙ KLANG
AGENCIES: KOBE CLIVE STREIT
Fatmir PLACE KUALA
CANTON
CAWNPORE
COLOMBO DELA!
LUMPUR KUCHING MADRAS MANILA
יך '
Branches:
Amey
Ipoh
Perang
Bangkok
Johore
Rangoon
TIENTSIN
Ratavia
Kobe
Shigon
| CKBU
TONGKAR
Bombay
Kowloon San
Calcutta
Kuala
Francisco
MEDAN
Canton
HAIPHONG
NEW YORK
(Bhuket) TSINGTAO TOKOHAMA
Chefoo
Colombo
Dairen
Malacca Sungei
Lyons Sourabaya
HAMBURG DANKOW
PKIPING
(Peking)
Foochow Manila
Lumpür. Shanghai
London Singapore
Patani
Haiphong Muar Swatow Hamburg
(Johore) Tientaie
Hankow Mukden Tokyo
Harbin New York Tsingtao Honghew Peiping Yokohama, Iloilo
jj
Current Accounta opened in
to $1365 Lands were wanted at $34. Trams at $16). and Wharves at $103 Electrics had buyers at $56 with sales at $56 Hongkong Docks remained steady with sales reported at $17 and there was sustained enquiry for Star Ferries at $851. Hotels, changed hands at $5.80 and Providents were wanted. at $41.
Gold mining stocks, after a dull week, closed stendier. San Mauricio Improved 10 ctvs. to Ps. 3.10 and
да
FINANCE
HONGKONG SHAREBROKERS'
ASSOCIATION
VOLUME OF BUSINESS TRANSACTED FOR WEEK ENDING
Trams
Electrics
MONDAY, MAY 15, 1939.--PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO ' & LOS ANGELES
vis Shanghai, KORE, YOKOHAMA and HoxQLULU
MAY, 12, 1939.
H.K. Banks
Union Ins.
15 40
$1,360.00
440.00 to $435.00
1.200
18.50 to
18.60
Telephones (0)
1,700
22.75 to
24.00
Telephones (N)
TO
7.10
102
35.50
to
56.25
SA. PRESIDENT PIERCE"
Sail May 19th at 12,01 A.M.
Yaumati Ferries
200
22,60
"
China Lights (0)
1,482
8.30 to
8.50
China Lights (N)
S.S." PRESIDENT COOLIDGE' SS." PRESIDENT TAFT ",
June 3rd at 1 Noor
ንጉ
June 18th at 1201 A.M.
250
5.50
Hotels Lands
1.000
5.65
to
5.80
50
33.25
Cements
500
12.50
5.S." PRESIDENT OLEVELAND " S.S." PRESIDENT PIERCE" 5.8." PRESIDENT COOLIDGE"
June 30th at 1201 A.M.
July 14th at 12.01 A.M."
July 29th at 10.00 AM.
Macau Electrics
600
16.78
Kowloon Buses
440
13.50
HK Docks Watsons
171
17.25
200
7.90
25.000
Mindanao Motherlode
30,000
Fs.0.23 to F3.0.23) Ps.0.101
S.S." PRESIDENT HAYES " S8. " PRESIDENT POLK"
*
Itogons
HONGKONG
SHAREBROKERS
ASSOCIATION
FRUIT-GROWING -INDUSTRY
The so-called treeless prairies
of Canada which were once only considered suitable for growing
5 $1,380,00 wheat and other cereals, will one 18.70 day become an important factor 18.60 in the fruit-growing industry
on Saturday, May 13, 1939. H.K. Banks.........
· Trams Trams Yaumati Nanyangs Coco Grove Santa Rosa
300
Ferries
200
400 200 5.000 100,000
22.60
of
of Canada. 3.85
While fruit tree growing is still Ps. 0.38 in a more or less experimental Fs. 0.12 stage
ar hobby among £1 few farmers. already 1,650 fruit trees
Coco Grove advanced 53 ctvs "to In its campaign to promote re- have been planted since 1927 of 38 ctvs.
Benguet Consolidated re-forestation and forest fre
pre-which 1.400 have survived and ceded to Ps. 11.50, a loss of 40 vention, eight travelling lecture many of them are now bearing. Funcion EXCHANGE and General | etvs, United Paracale closed at 60 campaigns have been conducted having produced 6,800 pounds of
tvs. Banking Business transacted.
throughout Canada in 1938 by the fruit in 1938. Improvement of 2 ctvs. CURRENT ACCOUNTS opened and over the previous week's closing
Canadian Forestry Association, Small trial orchards have been FIXED DEPOSITS received for One price.
Approximately 12.000 mass meet started in 19 dizerent experimen- Year or shorter periods in Local oi
ing were held. Establishment', of tal stations in the prairie pro- Other Currencies at rates which will
tree shelters as windbreaks to previnces, even as far north as Wan- vent soll drifting in the prairie less in altitude 54. provinces is to a large extent due These are mainly small apples to the efforts of the association. and, plums, including plum-cherry. Special railway cars equipped with hybrids. Many of the trees are, cinema theatres are used in these however, still too young to come campaigns.
into bearing stage.
be quoted on application.
SAVINGS ACCOUNTS also opened in Local Currency and Fixed Deposits Local Currency and Sterling with received for one year or shorter interest, allowed at rates obtainable periods in Local, and other. Cur-on application. reacles on terms which will be The Bank's Bead Office in quoted on application...
Also up to date Safe Deposit Boxes in various sizes To Let
Hong Kong, 13th Mar. 1939.
HONGKONG SAVINGS
BANK
The Business of the above Bank conducted by the HONG KONG
A SHANGHAI BANKING COR- PORATION. Rules may be ob
tained on application.
For the HONG KONG & SHANGHAI BANKING CORPORATION,
V. M. Grayburn,
Chief Manager.
Hong Kong, 25th Feb., 1939)
BANK OF EAST ASIA LIMITED
Authorised Capital: ....810,000,000,00 Paid-up Capital
5,598,800.00 Reserve und Undivided
2,883,932.01 ... Profits
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Shouson Chow, Chairisa Li Koos Chun. Esq. · Li Lag Bang, Esq.
·P. X. Kwok, Eay.,
WongChuSon, Esq. Wong Yan Tong, Haq, Kun Ying Po, Esq. ChanChingBhek, Esq. FungPingWai Esq.
? ין
Kun Tong Po, Esq., Chief Manspor.
Li Tse Fong, Esq., Manager.
Amoy
Batavia Bombay Calestia
Haiphong Haskow Honelalu Xobe
Ärenches and i ganchar *--
Kowloon London Maria Melbourn
Niw York Paris
Felping
Penanc Biogaporu Паперов Boursbaya
Badron
Ban Fran. Byday
cles Tientsin
Semitis Vasorater
Bemarang
Shangha
DN
Every description of Banking | and Exchange business transacted. Loans
granted
approved securities.
Current Accounts opened in Local Currency and Fixed Deposita re- ceived for one year or aborter periods in Local and Foreign Car- rencies on terms which will be quoted on application.
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
16, 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.
וי
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BANK, NEW YORK, with Resources over ...S. $2,300,000,000.
D. M. BIGGAR, "
Manager.
WHEAT POLICY
Canada's Initial Price
The Canadiaŭ government will guarantee Western Cana da's hard-pressed farmers an initial price of 60 cents bushel for their best in the crop year next Aug. 1.
2
wheat starting
май
Under the government's wheat policy, outlined in bills in- troduced in the House of Com- Chief Manager.mons, this initial price will be
Safe Deposit Boxes To Let.
KAN TONO PO,
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AB AN INTERNATIONAL EXCHANGE-
paid for No: 1 Northern From this will be taken the cost of carrying the grain to the big Head-of-the-Lakes elevators.
The guaranteed initial price is 20 cents a bushel less than the fixed price paid during the current crop year. But next year the farmer will receive a participa-" BANK..
ting certificate of delivering his .PAID-UP. CAPITAL $40,000,000.00
wheat which will enable him to (BRANCHES ALL OVER CHINA)
share in the equitable distribution Owing to our numerous Branches of any surplus profits if the mar in China and connections in the principal Commercial Centres of ket price rises above 60 cents, its the World, we are able to extend approximate level at present. to our Clients special facilities for Domestic and Foreign Banking and Exchange.
Head Office: SHANGHAI Hong Kong Branch:
4, QUEEN'S ROAD, O.
South China Officess:
CANTON SWATOW SHIUCHOW
KONGMOON TOISHAN KINGCHOW
We also handle the issus of
Bonds and other Public Funds of
The first reaction of western pro- ducers to the new policy was cri- tical From Regina, A. F. Sproule, vice president of the Saskatchewan Co-operative Wheat Producers, Bummed up their attitude: "That will not provide funeral expenses for the farmers of the west. It'a just things like that, that makes the wild west wilder."
:". POOR CROP¬ÀREAS Supplementary legislation, will
H. K. STOCK EXCHANGE
and
The market continued throughout the morning closes in an optimistic vein.
Further advances should be seen CONSIGNEES' NOTICES CONSIGNEES' NOTICES next week provided the political situation remains quiet.
BUYERS
Hongkong Bank, $1,345, Canton Insurance, $230. Union Insurance, $435. HK. Fire Insurance, $180. H.K. & H. Wharves, $104. H.K. Docks, $174. Providents, $41. HS. Hotels. $51." H.K. Lands, $34.10, Humphreys, $71. H.K. Realties. $4.40. H.K. Tramways, $16.60. Star Ferries. $65. China Lights (Old), $8.40. H.K. Electrics, $55. Macao Electrics, $18.60. Telephones (New), $71. Canton Ices, $1. Cements, $12.60. H.K. Rope, $3.65. Dairy Farms Ex. Rts.. $21). Wing On (HK.), $41 ex div. Entertainments, $6.55.
H.K, Govt. 4% Loan, 34% prem. HK Govt, 31% Loan. par. Watsons, $7.90.
Dairy Farms Rights, $15.95.
SELLERS
Hongkong Bank, $1,380. Canton Insurance, $240. H.K. Docks, $17. H. S. Hotels, $5.85. Hk. Tramways, $16.70. - China Lights (New); $5.60. H.K. Electrics, $561. Macao Electrics, $17. Watsons, $7.95.
SALES
Hongkong. Bank, $1,355.
Union Insurance, "$437-440.
HK & K. Wharves, $105. Providenta, $44.
H, & H. Hotels, $51-.08.
HK. Tramways, #$16.80.. HK. Electrics, $564. Telehpones (Qld), $24;
PHILIPPINE GOLD MINING QUOTATIONS
Antamoks
Atoks
EVE
.30
31
Benguet Consol, Coco Grove
11.80
37
.164 1,06 59
Paraçale Gumaus San. Mauricio "United Paracale
acreage basis and to encourage co- operative marketing.
The new policy is designed to aid wheat growers in pró- portion to need, to encourage home buildhig... and main- tenance rather than increased production.
NOTICE TO CONSIGNEES
AMERICAN & MANCHUBIAN
LINE.
NORDDEUTSCHER LLOYD BREMEN.
THE Motor ship
ELBE'
FROM BALTIMORE, NEW YORK, NEWPORT NEWS, BAYANNAE, having rared from BREMEN, HAM- WILMINGTON & SAN FRANCISCO BURG and Ports, Consignass of cargo
are hereby notified that their cargo. being landed at their rink into the Go- downs of the Hong Kong and Kowloon Wharf and Godown Co., Ltd., Kowloon where Delivery can to obtained.
S.S.
TITY OF PITTSBURG
3
having arrived, consignees of cargo by
All Goods remaining undelivered after
"
AND FORTNIGHTLY THREE-
FOR NEW YORK & BOSTON VIR SUEZ
Sails May 9th at 12 Noor
June 9th at 19 Noor
AND FORTNIGHTLY THEREAFTER
FOR MANILA
S.S. PRESIDENT. COOLIDGE” Saila May 26th at 9.00 P.M.
SSPRESIDENT TAFT"
8.8. "PRESIDENT POLK"
S.S * PRESIDENT CLEVELAND*
77
June 9th at 1,00 A.M.
June 9th at 12 Noor
June 23rd at 1.00 A.M.
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
12. PEDDER ST
THE
TEL. 28171.
CHINA-SIAM
"HONG KONG-BANGKOK
LINE.
"HIRAM” leaving Hong Kong 91st May via Svatow.
44. " HELLAS" leaving Hong Kong 31st May via Swatow
BONG KONG-SWATOW-AMOT m.s. "HAI BING" leaving Hong Kong
sand May Accepting Passengers & Cargo for all the above metioned porta. HONG KONG-SINGAPOHK-PENANG-BANGOON
Regular Express Service
ma. “HAI HING* leaving Hong Kong 18th May Accepting cargo for all the above mentioned ports
Excellent passenger accommodation available. For freight, passage rates and sil other information - Apply to :--
General Agents.
THORESEN & CO., LTD.
Tel. 30237.
Queen's Building.
the 18th May, 1939, will be subject CONSIGNEES' NOTICES CONSIGNEES' NOTICES
to Rent
us in any case whatever.
her are informed that all goods are being landed at their risks into the bazardous and/or extra-hazardona No Fire Insurance will be effected by godowne of Messrs. Holt's Wharf. whence delivery may be obtained.
Optional cargo will be carried on. unless notice to the contrary be given „prior to arrival of steamer.
No claims will be admitted after the goods have left the gedowns and all goods remaining undelivered after 19th May, 1989, will be subject to rent.
All claims against the vessel must be presented to the undersigned on or before 26th May, 1999, or they will not be recognized
Damaged Packages must be left in the Godown for examination by the Com signees and the Company's Surveyors, Messrs. Anderson & Ashe, at 10.... on the 17th May, 1939.
Consignees must have a Revenue Ufficer in attendance when damaged datisbie goods are examined by the Company's surveyors.
No Claim will be admitted after the Goods have left the Godown and sli claims mast be presented within Te All broken, chafed and damaged goods Weeks of the.. Ship's arrival here, after must be left in the godowns, where they which date they will not be recognised." will be examined by the steamer's Consignees are requested to surrender aurveyor on any Tuesday or Friday, their Bills of Lading to the Undersigned between the hours of 10.45 am, & Noon, for Countersignature. within the Free Storage Period of. One Week.
No Fire Insurance has been effected.
MELOBERS & 00..
Agentei NOLUDEDTSCHER LLOYD, BRIMIN,
Bills of Lading will be countersigned by Hong Kong, 11th May, 1989. THE BANK LINE (CHINA) LTD., |
[377
Agents.
Hong Kong, 12th May, 1939.
(833
NOTICE TO CONSIGNEES
NOTICE TO CONSIGNEES
AND
OCEAN STEAM SHIP CO., LTD.
"CHINÁ MUTUAL STEAM NAVIGATION CO., LTD,
YONSIGNEES per Co.'s Vessel
PENON
FROM UNITED KINGDOM VIA SINGAPORE
OCEAN STEAM SHIP. 00%, LTD. ATD CHINA MIPÍUAL STEAM
· NAVIGATION CO. LTD."
CONSIGNEEN Der Co.'s Vacser|
** TALTHYBIUS" FROM SEATTLÈ, VANCOUVER
AND VICTORIA, VIA JAPAN
are requested to take delivery of Flom |-| and Lumber Shipments as soon as the vessel is ready to discharge and are hereby notified that if thair Lighters are not placed alongside the steamer required, their Shipment wil Kowloon, at their expense, where the be discharged into Holt's, Wharf cargo will be also at their risk and
pense and subject to the Terms and Conditions of Storage at Holt's Whart teamer will commence discharge on the 11th May.
are hereby notified that their cargo will be discharged into Holt's Wharf Kowloon, where it will lis at consignões" risk and subject to terms and condi. tions of storage at Holt's Wharf. The Cargo will be ready for delivery from Godown on and after 11th May.
Optional cargo will not be landed here, unless notice has been given prior Bolts What, Kowloon where it will lie General Cargo will be discharged into to, steamer's arrival but carried ox from port to port to the final port of at Consignees risk and subject to the call to which the option extenda,
Terms and Conditions of Storage ‘at All broken, chafed, and damaged for Delivery from the Godown on and Holt's Wharf. The Cargo will be ready. goods are to be left in the Godowns, after 11th May. where they will be examined Tuesdays and Fridays between the fare to be left in the Godowns, where they All broken, abated, and damaged Gooda hours of 10.45 m. and. Noon within will be examined on any Tuesdays and the free storage period.
on any
No olaires will be admitted after the Fridays between the hours of 10-45 Goods have left the steamer's Godown, and Nock within the Free Storage period. and all Goods remaining undelivered Goods have left the steamer Godowe, & No Claims will be admitted after the Marketing legislation will cover after the 18th May, will be subject to General Cargo ramafuing, undelivered | many other farm products, includ.ront. ing, beef, butter, cheese and coarse be presented to the undersigned on an All Claims against the Vowel must All Claims against the Steamer must after the 18th May, will be subject to before the lat June, or they will not be presented to the Undersigned on o te recognised.
before the 1st June, 1939, or they wil
grafis,
By its wheat legislation, the gov-
the Chinese Government both at be Introduced providing for closer ernment is reverting to the mar
caa bhd Abroad,
supervision of the Winnipeg Grain Kéting system in the use by the
No Fire Insurance will be effected, BUTTERFIELD & SWIRE,
SHOU J., OFEN, Exchange And for bonusing farm- western wheat, pools for many ' 11th Máy, 1989.-
M dinhour;"||075 In poor-crop areas on an years.
runt.
No Fire Inmestion wil be attached,"
BUTTERFIELD & SWIRE May, 1908
SERVICES CONTRACTUELS DES
MESSAGERIES MARITIMES
- ||
CONSIGNEE NOTICE.
3.S." PRESIDENT DOUMER" 13'A/39.
BRINGING CARGO FROM MARSEILLES via SAIGON, etc.
ARRIVED HONG KONG on WEDNESDAY, THE 10TH MAY, 1989.
YONSIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valusblee sie being landed & stored into the Godown of the Hong Kong, Kowloon Wharf &Godown Co., Ltd, Kowloon, whence delivery may be obtained immediately after landing.
COMPAGNIE DES MESSAGERIES MARITIMES
CONSIGNER NOTICE.
S.B. "YALOU” 6AE0/39.
BRINGING CARGO FROM DUNKIRK via HAIPHONG etc.
ARRIVED HONG KONG WEDNESDAY, 28 10TH MAY, 1939.
NONSIGNEES are hereby informed that their goods with the exception of Opium, Treasure and Valuables are being landed & stored into the godow of the Hong Kong Kowicon Whatand Godown Co., Ltd., Kowloon, where delivery may be obtained immediataly after landing.
All Claims must be sent in to me on or before the 20th May, 1939, or they will not be recognized.
Damaged Packages will be examined
All claims must be sent in to me on or before the 20th May, 1939, or they will not be recognized."
Damaged Packages will be mined by the Company's Surveyor, Messrs. Goddard & Douglas in the presence of Goddard & Douglas in the presence of by the Company's Surveyors, Messrs. the Consignees at 10.00 as, on Tues- the Consignees at 10.00 day, the 10th May, 1939.
B.D. On
Consignees must have Bevenue Tuesday, the 16th May, 1989. Officer in attendance when any dutiable Officer in attendance when any dutiable Consignees must have a RevenUG goods are examined by the Company's goods are examined by the Company's
Burveyors.
No Fire Insuranes will be effected by us in any case whatever.
Burveyors.
No Fire Insurance will be effected by us in any case whatever."
R. OHL,
Agent, Hong Kong, 10th May, 1989.
ROHL
Agent. Hong Kong, 10th May, 1939.
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