1937-03-13 — Page 9

THE CHINA MAIL, MARCH 13, 1937.

FRENCH

LOAN SURPRISE

Issue Over-Subscribed Within Few Hours

THIS WEEK ON THE LOCAL SHARE MARKET

Messrs. G. A. Harriman & Co's weekly share report and market re view issued at noon to-day states:-

Police Long Service

Medal Awarded

It is notified in the "Govern- ment Gazette" that His Excel- lency the Governor has been pleased to authorise the award of the Colonial Police Long Service Medal to Chief Inspec tor William Shannon.

FRESH ISSUE TO

BE MADE EARLY NEXT WEEK

Paris, To-day.

The Ministry of Finance announces that the first portion of the new French Defence Loan has been over-subscribed.

Ma

The local market continues active and strong with prices generally much better on the week. Manila however has continued

with quotations farther down over the period.

tions have been done up to $31 cum

AT A NUMBER OF BANKS, SUBSCRIPTIONS HAD TO BE There has been a considerable dividend. This Co.'s annual report turnover of business in Hong Kong was very well received and the re- REFUSED IN THE EARLY AFTERNOON OWING TO THE

LOAN'S STRIKING SUCCESS. dividend payments | stocks at advancing prices. Consumption of

1 The Finance Minister will ex- fidence appears to be returning and after 12 lean years has created

amine measures to enable all further appreciation seems assured great confidence in future pro-

Sales of Banks are reported those unable to send in subscrip- Hong Kong Electrics now ex the final spects for the company must bene-

at $1,860.

tions in time to enjoy neverthe- fit very considerably from the -dividend payment, are $5794 buyers.

world wide improvement. in ship-and less interest is being shewn by

Philippine Mining shares. Less less the advantages of the issue. Trams have been carried to $14.30,

It is understood that the second ping and freights, coupled with the local investors in this declining and-with- temporary *Teac tions, should go higher. China advantage of our low exchange.

Wharfs are firm at $116 cum, and market, but with so many Lights (old) åre. $14.30. and the New $1114 Star Ferries had sales Providents (old) at $1.95, the New at $88 and $882, with sellers scarce shares being wanted at 10 cents. Yaumati Ferries are wanted at

Douglas's are wanted at $35 and $25%, Sandakan Lights at $11.30 and Steamboats at $104 without in- Peak Trams at $44. Telephones dicated sellers. Hong Kong & Shang- (old) are $30 and the New $1185. hai Hotels have improved further to

Green Island Cements are popu-$6.40 cum dividend. Hong Kong Consolidated Mines from 72 cts. issue of the Defence Loan has al- It appears that the fire milliard lar, following publication of the Lands are about unchanged at annual report, which discloses a 33-34 ex the $1 final dividend. down to 7 cts. But compared with ready been over subscribed, though the activity of 6 month ago, bust the Minister of Finance is reluc very satisfactory cash position at Hong Kong. Realtys are strong at though no dividend is declared and $540 buyers, and with the appre-ness in this section has been ne-tant to give figures until complete

gligible. the profit is only moderate. There ciation in all local shares, should have been closing sales around 20 still higher.

*

portion of the Defence Loan will vested probably be issued on Tuesday or interests in the Manila stock mar-Thursday, and is likely to total ket, it will be up to them to "shake 2,500,000,000 francs-Renter. it up" soon, so that when we least expect it, the market is quite likely Gold Flowing Back to take a turn for the better

Paris, To-day.

San Mauricios, were sold at $4.65, Demonstrations at $1.43% and

returns are available.” Closing comment, Hong Kong:—

The Ministry states, however, Strong and active. that success of the issue is almost Manila: depressed, unprecedented.

$12.70 Ropes can be taken. at Insurance shares are very firm $3.60 and New Constructions at The Hong Kong Fire annual 472 cts. Watsons are up to $4.80 figures are most satisfactory and and Lane Crawford have come in the dividend of $12 (a dollar more A letter signed by the wives of 577 for attention with buyers bidding than for last year) has attracted political prisoners in Brazil, describing near $7.

buyers at $295 cum. Cantons sold the hardships caused them by their Docks have been a particularly at $320, and Unions, cum the 10% husbands continued imprisonment, was read in the Brazilian Chamber of De- strong feature and large transac final dividend, have buyers at $628 puties.

SCOTCH

Gold is flowing back to France in increasing quantities-Reuter.

Brith's "wind screen," a big factory -Thames-side, is being demolished.

SCOTCH

Glen Rossie

SPECIAL RESERVE SCOTCH

WHISKY

Every drop guaranteed over 7 Years Old Matured at the Distilleries and Guaranteed

By

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