NGKONG - DAILY PRESS
BANKS
NGKONG & SHANGHAI THE CHARTERED BANK OF
ANKING CORPORATION
- 850,000,000
horised Capital. led & Fully Paid-Up $20,000,000
zve 'Funds: erling
INDIA, AUSTRALIA
AND CHINA Incorporated by Royal Charter, 1853
Paid-Up Capital
£8,500,000 Reserve Fund
K. Currency Reserve $10,000,000 arve Liability of roprietors
.$20,000,000
Head Office:HONG KONG
Board of Directors:
AL. Shields, Esq.,
H. Lock, Esq.,
Chairman
Deputy Chairman, Hon. Mr. J. K. Bousfield,' A. H. Compton, Esq.,
Hon. Mr. S. H. Dodwell,
D. F. Landale, Esq., "
G. Miskin, Esq..
K. 8. Morrison, Esq.,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
***
Sir Vandeleur M. Grayburn,
H. K. STOCK
EXCHANGE
The tone of the market was firm
all day with a good enquiry which
was not satished at the close,
BUYERS
HK Bank, $1325. Raubs, $8.40.
H.K. Lands 4% Debentures, 'par. HK. Tramways, $18.60. China Lights (0), 58.20.
է: .!
£3,000,000
£3,000,000
HK. Electrics, $55.
£3,000,000
Canton Ices, $17
Reserve Liability of Pi.
prietora
HEAD OFFICE: LONDON: 38, Bishopsgate E.C.2 Sub-Agencies In London:
117/199, Leadenhall Street, E.C.3. West End Branch:
14/18, Cookspur Street, S.W.1. Manchester Branch:
52, Mosley Street, Manchester, 2.
AGENCIES AND BRANCHES:
PENANG HONG KONG BANGOON ILOILO IPOX
ALOR STAN............. RARBIN_ AMRITSAR
BANGKOK
BATAVIA
BOMBAY
CALOUTTA
AGENCIES: KOM
BAIGON
"
Watsons, $8.45.
Wing On (E.K.), $41.
H.K, Govt. 4% loan 4% pm,
SELLÉKS
-Canton-Ins, $230.
HK. Fires Ins.," $185.
H.K. Docks, $18.
HK. Lands, $358.
HK. Tramwaya, $163.
BALEN
HK, Bank, $1335.
FINANCE
WEEKLY RUBBER REPORT
REYNOLDS & GIBSON
PER-PAYNE.
London-Our market remained very steady most of the week with little change in quotations. There was, however, a slightly, easier feeling yesterday due to London dealers' bids over the. week-end having been accepted by the East and to some first hand selling.
The following are taken from the May issue of the LR.R.C.'s Statistical Bulletin:-
April 1939 March-1939 April 1938
(adjusted)" (adjusted)-
Tons
Tons
Toris
73,758
76,310
87,235
86,495
94,353
71,041
403,824 424,284 ̄ ̄ ̄ ̄ ̄ ̄ ̄ ̄ 587,791-
Shipments for May from the customary centres of production
1
May April
42,314
43,658
2,805
·2,176
3,842
5.323
March February January
43,084 43,259
43,332 7.123
WEDNESDAY, JUNE 28, 1939 --PAGE 1E
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES
via SHANGHAI, KOBE, YOKOHAMA and HONOLULU 88. PRESIDENT CLEVELAND Sails June 30th at 12.01 AM. 8.S." PRESIDENT PIERCE- S.S.PRESIDENT COOLIDGE
88" PRESIDENT TAFT" 8.8. "PRESIDENT.CLEVELAND" 85. “ PRESIDENT PIERCE
*
bat lxq ค.ศ.
July 14th at
July 29th at 10.00 A.M. Aug. 12th at 8.00 4.M
Aug. 28th at 200 AM
Sept. 9th at 400 P
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK & BOSTON
VIA SUBZ
יף
5.B. PRESIDENT GARFIELD" Saila July 8th at 19. Noon 88." PRESIDENT MONROE”
July 20th at 19 NOON
AND FORTNIGHTLY THEREAFTER " TALE43 GANTEN AT
FOR MANILA
World Shipments
World Absorption
World Stocks & Afloat
are.-
Malaya
Ceylon
H.K. Tramways, $18.80/65.
Star Ferries, $66).
DEI. Estate:
met, tons
PHILIPPINE GOLD MINING
BEREMBAN
KARACHI
SHANGHAI
* QUOTATIONS
(prel.)
Java
4.072
5,466
5,272
4,961
IĽAKO
SINGAPOER
Antamok
204
SITIAWAN,
Baguio Gold
Outer Possessions
9,010
9,093
8,193
8,949
7,010 11.014
21}
SA PRESIDENT PIERCE** .88" PRESIDENT GARFIELD" 8.8. PRESIDENT COOLIDGE"
BOURABAYA
Batong Buhay
012
13,082
14,559
13.465 13,910
18,024
Big Wedge
5.S." PRESIDENT ADAMS"
181
Branches:
D.EL Native:
TUCHING
Coco Grove
30
noy
Ipoh
CEBU..
MADRAS
Outer Possessions
11,596
14,295 14,564 11,537 21,248
gkok
Johore
Itavia
Kobe
Rangoon Saigon
COLOMBO
MAXILA
(Bhuket)
Demonstration
81
IX. L.
49
mbay
Kowloon San
DELHI HAIPHONG
MEDAN
NEW YORK
TSINGTAO YOKOHAMA
23.129 24,678 28,854
25,447 39,272
Itogon's
23
Joutta
Kuala
inton
Francisco HAMBURG
HANKOW
Masbate Consol,
11
Mine Operation
13
foo
lotobo
Lyons
North Camarines San Mauriclo Surigao Consol.
89
20
13
401
9
Chief Manager.
boɑhow Manila
siphong Muar
mburg
(Johore)
ankow arbin
Mukden
Penang
CLIVE STEKST PARLI PA
CANTON
CAWNPORE
KUALA
LUMPUR
TAIPING *** TIENTSIN TONGEAH
It is interesting to note as regards Malaya that although a domestic cut în production of 21 per cent, as a deduction from the IRR.C. percentage quota, is in operation, this has not succeeded in reducing last year's carryover of over 11.000 tons which together with excess shipments during Jan./May this year now amounts to about 14,000 tons. With respect to the D.EL for the first five months of the year, estates have under-ship- ped to the extent. of about 2,500 tons while native producers have over-shipped about 6,000 tons.
The Malayan Information Agency publishes the following stock figures —
Stocks-Dealers
Singapore (Outside regulated area) Penang (Outside regulated area)
May..
April 12.270 tons 15,689 tons 2,302 tons "1,942 tons
14.572 tons 17,611 tons
Sails July 7th at 200 AM
July 8th at 19 NOO July 22nd at 1.00 A.M. Aug. 4th at 19 Noon
AMERICAN PRESIDENT LINES
す
"ROUND-WORLD SERVICE"
12, PEDDER ST.
TEL. 28171.
THE BEN LINE STEAMERS, LTD,
no:
S.S. "BENLAWERS"
Sailing for LONDON, ROTTERDAM, ANTWERP, HAMBURG and LEITH on about 9th July, 1939.
*201
Baguio Gold
221
Batong Buhay
012
Big Wedge
181
Coco Grove .....
80
Demonstration
81
Mindanao Motherlode
Province Wellesley, etc. (Inside regulat-
ed area)
Itogons
and
*
1. X, L
48
1,783 tons 1,853 tons.
16,340 tons 18,464 toris
Masbate Consöl
11
i
15,
THE CHASE BANK
QUEEN'S ROAD, CENTRAL
Mine Operation
134
Stock-Port, etc.
May
April
North Camarines
28
San Mauricio
89
Singapore (Outside regulated area) Perang (Outside regulated area);
4,030 tons
1.365 tons
3,338 tona 1,498 tons
Suyoc Consol
131
United Paricale
401
6.302 tons.
4,834 tons
For Freight and Passage upply
Burigao Consol
20*
to the Agents:
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.TM
Lumpur Shanghai
Londoni Singapore Sourabaya
iren Malacca .Sungei
Patani Swntow Tientsin Tokyo - New York Tsingtao angkes Peiping Yokohama bilo
CUENT ACCOUNTS opened in CAL CURRENCY and FIXED DEPOSITS ceived for one year or shorter
PRIPINO
(Peking)
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on application.
SAVINGS ACCOUNTs also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office in London
eriods in Local and other Cur-undertakes! Executor and Trustee ncies on terms which will be business, and claims recovery of hoted on application.
ALBO up to date SAFE DEPOSIT OXE in various sizes To LET Hong Kong, 5th June, 1939,
HONGKONG SAVINGS
BANK
The Business of the shove Bank conducted by the HONGKONG SHANGHAI BANKING OOR- ORATION. Ruler may be obtain-
on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION.
T. M. GRAYBURN,
Chief Manager Hong Kong, 28th Feb., 1989. k
BANK OF EAST ASIA, LIMITED
uthorised Capital $10,000,000,00 5,583,600.00 Paid-Up Capital
eserve and Undivided
2,883,93201 Profita
Head Office:-HONG KONG No. 10 Des Voeux Road, Central.
Board of Directors:
Sir Bbouson Chow, Chairman Koon Chun,1 Esq. Li Lan Sang, Esq. .K. Kwok, KaĄ...__
LF
British Income Tax overpaid, on terms which may be ascertained at any of the Ageneies and Branches.
R. A. CAMIDGE,
Manager.
HEAD OFFICE:
11
18, PINE STAKIT,
NEW YORK. An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world... Interest Rates on Application.
སྙ.
SAFE DEPOSIT. BOXES
This Bank entirely owned by TEE CHASE NATIONAL BANK, NEW YORK, with Resources over U.S.$2,500,000,000.
Suyoc Consol,
United Paraçale
Mindanao Motherlode
PHILIPPINE GOLD MINING QUOTATIONS
訂
Tuesday, June 27 1939.
Centavos
Antamok
Market Comment Blightly "Easier.
HONGKONG
SHAREBROKERS
ASSOCIATION
Volume of Business Transacted on Tuesday, June 27, 1939. Providents (June 28) 451 H.K. Banks Lands
D. M: BIGGAR,
Second Fica Pres. | Trams
THE MERCANTILE BANK OF INDIA, LIMITED
Head Office-15, Gracechurch Strest," London, E-C3
Authorised Capital Subscribed Caplia) · Paid-up Capital Wong Chu Son, Eaq. erre Fond and Best,
Tong Yan Tong, Esq. Kan Ting Po, Eag Chan Ching Shok, Esq. Fung Fing Was Beg Kan Tong Fo, Esq., Chief Manager.
Li Tre Fong. q., Manager.
yay
Bombay
Branches and Agencies:-
Sklostia daiphong Jankow Jasolala
Zobe
PARAT Howloca London
Rangoon
"Melbourne
Bairon
BANKERS;
£3,00000
£1,800,000
4.
£1,050,000
21,247 880
The Bank of England and Midland
Bank, Ltd, det BRANCHES:.
Buigkok
Ipak
Blapaport
Bombay
Bourabaya 8wntow
Calcutta
Konta
Celomba
Kandy
Th Challe
Karachi
Kota Bharu
San Fran- Bydney also. ti
YABOORTER New York Settin Pari Bemarang .Polping Shanghai
Every description of Banking and Exchange business transacted. Loans granted on approved securities.
Hongkong Kuala Lipis. Bowsh
Estimates of May consumption in the UB.A. vary between 44,000 and 47.000 tons.
We see no reason to change our view that a higher range of values should be attained providing the political situation permits, trade to pursue a more normal course.
2
Movements of Rubber in London and Liverpool for week end- ing Juné '18,"1939:-----
Star Ferries
$4.70 5 1,335.00 500 35.50 500 16.60 100 66,50
London Liverpool
"
NO LUXURIES:
JAPAN'S TRADE
WITH FRANCE
TOKYO. June 27 (Reuter)— "Urgently necessary" goods
are
to replace luxuries in Japan's France trade with
under the new Trade Agreement, which was Husle Treaggaz signed on June 23
Madra
New York
Perang
HAREDON
Shangha Sim
Singapore Ki Lampor HONG KONG BRANCH: Eruryždásodpɩion: of Banking - and Exchange bars transacted.
Travellers Choqnien Javed, TRUSTEE AND EXECUTORSHIP WE UNDERTAKEN Current Accounts opened in Local
CURRENT ACCOUNTA opened in Land Cur· Currency and Fixed Deposits reready, and FILED DEPOSIS received in Local kived for one year or shorter Currency, BTERLING & C. R. DOZIA BS on terms periods in Local and Foreign Cur-that may be zertained our application,
encies on terms which will be quoted on application.
"SAFE DEPOSIT Boxes To LET.
ANE KAN TONG: PO,
Chief Manager.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE.
BANK
D. BENSON,
Managur
The United States is by far Germany's largest foreign market
for cameras. Shipments of cameras
Japan will buy about £2,300,- 000 worth of tron, machinery and chemicals annually from France, Instead of perfume, tollet articles and wines, and France will take tinned salmon and trout, porce lain and cotton goods.
יין
J
SHIP'S MOVEMENT STOPPED BY WAR IN CHINA Judge's Decision In Charter Dispute
LONDON, June 17The effect of
Delivered Stock
W. R. LOXLEY & CO., (CHINA) LTD.
Tel. 94165
York Building.
CONSIGNEES' NOTICES
Landed
same time -last year
1,284 tons 943 tons 43,825 tons 190 tons 606 tons 21,808 tons
58,005 tons
29,921 tons
1.
New York. There has been slightly more movement in this market than Londen. Only moderate factory interest has been shown, although the underlying sentiment has been friendly to the market with estimates for May/June US. consumption above expectations and the view that consumption may still-fur- ther improve.
F.D.R. DOLLAR TO BE DEVALUED
PRIPING, Jane 27 (Reuter) ---Circles in close touch with Japanese officials declare that the Federal Reserve Bank dollar will shortly be devalued to eight pence..
The simultaneous "exten- sion of the present export control to all exports is ex- pected.
LONDON METALS
EXCHANGE London, June 28 (Kouter)
COFFER buyer
3 months 42-5/16 Electrolytic 47-1/
and parts to the American market the war in Chitia in shipping con... in 1938 were valued at $3,890,000 | tracts was discussed in the King's compared with $3888,000 in 1937. Bench "Division yesterday, when
Standard, Cash 42 The United Kingdom is the second Mr. Justice Branson beard an ap standard. most important export outlet. Total peal from an arbitration on is German exports of camaras and dispute between the Court Line parts were valued at $14,395,000 in Ltd, owners of the steamer Erhan 1938 compared with $14,856,000 rington Court, and the charterers,
Dant and Russell, Incy
The vessel was chartered in Standard, Cash 229-1/2 1937 to take a cargo to Shanghai Standard.
3 months 224-1/2
LEAD
PAID-UP CAPITAL $40,000,000.00 1937. KA (BRANCHES ALL OVER OHINAY
Owing to our numerous Branches
in China and connections in the
Principal Commercial Centres of People Who Matter"
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 TOIBHAN - KINGOHOW.
We also handle the issue of Bonde and other Public Funds of the Chinese Government both at Home Kami Abroader o
SHOU JOHEN,
PEOPLE WHO
MATTER, to: the advertiser are the people who
Can anord to buy
his goods. Most
of these people
buy and read the
Hongkong Daily Press.
and Wuhu, on the Yangtze Bhe
TIN
Official Price 14-5/8 Foreign Outfal
arrived at Wuhu on Aug. 7. Op Aug 13 hostilities broke out, and the Chinese placed a boom' nerves i Foreign, the Yangtze to prrent the advance of the Japanese warships
The Errington Court was unable to reach Shanghai, and in the árbitration
the which followed umpire held there had been frustration of the charter party on account of the hostilides,
Mr. Justice Branson, upholding sald the decision of the tim there was no doubt, that events
on the Yangtze prevented the free movement of the vessel. The chart ter party had been frustrated ind the contract dissolved.
sellers
42-1/16
42-3/8 48-1/4
U. S. SILVER PLANS WASHINGTON, June 27 (Reu- ter)The Senate passed the amendment to the Money Bl
to increase the price of newly mined aliver to 77.4 centa per once, by allowing the Treasury only 40 per cent seignorage on purchases of domestic. silver..
The amendment to end the Treasury's power to purchase foreign sliver was also adopted. according to a later message.
WORLD RESOURCES: STUDY BY EXPERTS
PROPOSED - COPENHAGEN, June 21 (Reu ter)-the suggestion “that six or
SERVICES CONTRACTUELS - DES MESSAGERIES MARITIMES
CONSIGNEE NOTICE.
5.8. "CHENONCEAUX ” 16*A/39.
BRINGING CARGO FRON MARSEILLES via SAIGON, etc. ARRIVED HONG KONG ON SATURDAY, THE 24TH JUNE, 1939.
"YONSIGNEES are hereby informed that their goods with the exception
RICKERS LINIE
NOTICE TO CONSIGNEES
HE 8.8
THE
BERTRAM RICKMERS” having arrived from Hamburg and Ports of call, Consignees of Cargo are hereby notified that their goods are being landed and placed at their risk. into the Hong Kong & Kowloom Wharf & Godown Company's godowns at Kowloon, where delivery may be obtained sa soon the goods mes landed.
Optional cargo will not be landed here, unless notice has been given! 48 hours prior to vreseľa arrival, "but carried on from port to port to the fual port of call to which the option extends.
No claims wili be admitted after the
of Opinm, Tressure and Valuables are being landed & stored into the Godowns Goods have left the Godowns, and all goods remaining undelivered after the of the Hong Kong Kowloon Wharf 3rd July, 1938. will be subject to 4 Godown Co., Ltd., Kowloon, where rent. delivery may be obtained immariistaly ifter landing, ma
All claims must' be sent in 'to' me on or before the 5th July, 1938, they will not be recognised
All broken, chafed, and damaged. Goods are to be Teft in the Godowns, where they will be examined on Ist July, 1989, at 10 am by our Bur
Damaged Packages will be examined eyors Mesars, Goddard and Douglas, To comply with the General Bonded by the Company's Surveyor, Mosery, Warehouse Regulations consignees Goddard & Douglas in the presence of ¦ must have - Revenue Officer In the Consignees at 10,00 m. on Fri-attendance when/dastaged ydutlable. day, the 30th June, 1939.
Consignass must have a Bevena Offer in attendance when any datable goods ars examined by the Company's SETTORE
No Fire insersace will be effected by us in any case whatever.
B. OHL,
Agent,
[502
seven of the leading countries Hong Kong, 24th June, 1990)*s in the world should each point a committee of economie experts to work with representa- tives of their governments and business to make a thorough study of economies in their coun- tries from the stand-point of their needs and what they would like to obtain from other coun- 230
tries was made by Mr. T. Wat 224-3/4 son, of America, who Fres
dent of the International Chain- ber of Commerce, when, head- dressed the Tenth Congress, 14-11/16 which was attended 1,500
3 fonths 14-11/16 14-3/4
SPELTER
Ordinary.
Omcial Price 14-3/16 14-1/4 Ordinary, Oficial
14-7/18
3 months 14-3/8 Final Afternoon Transaction
delegates * from. 41 countries, in- cliding 276 trom the British Em pire.
These committees will estimate what they have to contel other countries advantage
He also sugges laboration with the Chamber of Tin, Standard, Canh; £229-3/4 should then be
menta that would value.
Tin Standard, 3 months, 2224 tries an oppo
seller:
the
goods are examined:
A
All claims must reach us before the
Bri Aug. 1939, or they will not be recognized, kor
No Insurance will be elected. Bills of Lading will be odunforsigned by: 16
JEBSEN & CO. Agenta
Hong Kong, Y0th June, 1980;
Get the world's good news daily through THE CHRISTIAN SCIENCE MONITOR
An International Dolly Newspaper ar
Published by
THE CHRISTIAN SCIENCE PUBLISHING SOCIETY Quey Norway Street, Boston, Massachusetts Regular reading of The ChanPTIAN BOR BOX MONTFOR -considered | by many? #liberal education. Its pipan, mobiased news and well-rounded editorial features, kaal ding the Weekly Magacher Section make the Mou the ideal newspaper for the home The prioc 1year, $INGO 6 months $8.00 8 months $3.00) $1.00: Saturday imae, including Magazine Bed 1 year
the paper I obtáliabi
at the following location
CHRISTIAN SCIEN
READING ROOM Scientif
[507