. Miskin, Esq.,
Exe
Deputy Chairman,
J. K. Bousfeld, Esq.,
12
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers'
Association
Barris
Unive Baller
WEDNESDAY, FEB., 24.
| Buyers | Callara
Belon Momina
$1,8601
31,965
2114
210
232
2147
ii
Banks
B.K. Banx au
bo. (London)... Chartered Banks...
Moccantile Bks. "A"
Da,
(%
Bank of East Asia... 188
N. O. & 8. Banks ...
ed
પહેલે ચડ
25.
B3 810
HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 25, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
Time Received
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital $50,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds :-
Starling
AUSTRALIA AND CHINA Incorporated by Royal Charter, 1937.
HEAD OFFICE: LONDON.
£3.000.000 *****£3.000.DOM
Paid-up Capital Reserve Fund Reserve Liablity of Pro- pristore
Agencies and Branches
£3.000.000
..... 6,500,000
Hong Kong Currenty
Reserve....**
.$10,000,000
24th February, 1937
Reserve Liability of
23rd Feb. Closing Ratre
9.46
B. S.
0.40
clos.
ołow
Propriators
$20,000,000";
9.04 10.05 1094.10.40 10,49 11.08
2.52 9.54 3.10 3.26 3.40
Head Office:-HONG KONG
ALOR STAR ILOILO AMRITHAL ТРОН
BAIGON ITHABANG
Antamokat
1.45
1.40
1.45 1.45
Atokes
40
45
· 40
310
Baguio Gold
281
28
29
+4
1890
60 ebm
Benguet Consel 13.75 14.00 13.00 14.00-13,95
$301
Big Wedge
Coco Geore
ד?''
***
Tit
Board of Directors. Hon. Mr. J. J. Paterson,
BANGKOK KARACHI
SEREMBAN
38
-13,60
2
BATAVIA BOMBAT Chairman, CALOUTTA
CARTON CAWNPORN
CENT COLOMBO
KLANO KOAK
KUALA
SHANGHAI
BINGAPORS
SITIAWAN
LUMPUR
BOURABAYA
KUCHINO
TAIPING
MADRAS
MANILA
TIANTAIN
TONGKAR
DELHI
KEDAN
HAIPHONG
NEW YORK
.047
PRIPINO
11
$85
Insurances
$310
Canton oss..
3610
31
Underwriters
Union InsurMFLOOR ***
143***
1296
H.K. Firos
TTTITAKS
Benguet Explor
... 18 20
18 90
International Assos, J.,
124
012 31
33
33
24
Shipping
77
50
132
Dougins
$84
Steamboats
Consol Mines
.048
.D46 - .CHT
$36
Indios (prof.) ............
$35
Demonstrations
во
89
01
$36
Do. (def.)
138
E. Mindanao
34 33
36
148/
Shell
142/6
#10)
Waterboata
$10
G. Goldfielda
20) "281
28
Mining
Itogons
1.45
1.40 1.50
1.45
$13
:.:
73/-
Kailans
23/
I. X. L
1.40 1.35 1.50 1.40
Raubs
Venozuola Gold Fida. $7
Masbates
++
42 411 43
4
Docks, Wharres,
Min. Resources
324
30 41
39
Godowns, etc.
1108 FL.70 20 ot.
H.K. & K. Wharton.:
(now)
Not
520
Northern Mining
141
-
18
13
14
K
ad
$108
Paracale Gunaus
69
68
71
70
Providents (old 11.65
Do. H.K. & W. Decks
$64 Shangaal Docks S. 13 New Engineerings8.
Lands, Hotels, and
San Mauricio
3.00
2.90
3.00
3,00
10 ste.
Sayoc Consol
40
+45
46
$20
United Paracales
1.20 1.30 1.20
1.25
$10.
+3
Market Comment.
E
$
S
$6.55
2 thnks
H.K. Hotels.
+5)
$363
#108
H.K Lands.
Do. 4% Debentures
Shanghai Lauda....
Metropolitan Lands..
H.K, Houlties......... China Do...............
ed
1361
THE EXCHANGE
$109
H
T
Collon Mills
310.30 Ewos..........
S'ha Cottons(old)S.
416
$10
#4.80
$60
Do. Debenturess.
181
Humphrey
578
Chinese Extn TAMO-------
$10
300 $76
Do.
(news.
NIL
Zoong Sings........
$69 $30
144
Wing On Textilen(9.}}
$40
Public Utiles
$13.30
#131
14
**
51
*9
38%
Star Ferries
$25
183 $24
$1.80
重
$20
Macao do
F10
.30
Tramvayı "ALISTIK
Peak Tesna (old)...
Da (now)...
Taanisti Ferriss
$13.Au China Lights (old)... $13.70)
Do. (дон)...
H.K. Electrics*****
Sandakan Lights ...
Telephones old)...
BICE Do. (new)
Chim Buses
Tractions
KONZOLORATI,
7/1 Do (pref.) .---..
Industrials
$19 Caldbeck, Yönl) 8,
Macgregors pref.)8.
24
Dairy Fartus*** $234
Binceros.........
Lane Crawfords....... Nanyang Tobacco...
Watsons
Wm. Powells
95%. Ub.0.5% 1925G.3 Bds.
201
ed
། ཀྵུ
30
294
464
1.10
S
S
3
Easier
Q
S
Ꭶ s
Q
8.
૨
LONDON EXCHANGE RATES
(British Wireless Service)
Paris
Genera Berlin
Feb. 29
105 9/84 21.44
Feb. 23.
105-3/64
21.454
12.184
12.161
93
Copenhagen
Stockholm
Shanghai, prauemmastrono
New York ..
Amsterdam Ho
4.89 5/16 8.934
1/2,32 4.891
•
8.94
Vienna
Frague
Madrid
04 Lisbon
Hong Kong Att
Bombay
Montreal
MARKET
MESSRS. ROZA BROS.
Hong Kong. Feb. 24.
The price. for Ready Silver rose 1/16 yesterday but the Forward rate was unchanged, the quota- tions being 20 1/8 and 20 1/16 res- pectively. Silver advices reported China as having sold. Speculators bought. The market closed steady. After the official fixing the cash market was ärm and the forward market was steady owing, to buy- 11.90 Ing orders at the fixed rate. Ame- (57)
rican Silver was quoted at 44 3/4 for Spot,
The London-New York cross- $11.35 rate was quoted at 4.89 3/8 New York-London was quoted at 4.89
MARKET
Steady but very dull
There were sellers at 1/2.29/32
At buyers February-June.
15/16 for any delivery.
U.S. DOLLAHS
A small business was reported at 30 7/16 for near delivery. There were sellers at 30 3/8 February- May and 30 3/16 June-July, buyers at 30 7/16 for any delivery.
SHANGHAI DOLLARS
No business was reported. There were sellers at 102 5/16, buyers at 102 3/8 for cash.
SHANGHAI MARKET
Athens
Milan
Brussels
Monte Video. -***
On LONDON!
ON SINGAPORE:----
25/-
1/16.
61,70
13,
c d
>3
1.70 10 ola. 10.00
STERLING
Yokohama
Belgrade
Bucharest
Silver (forward)
Silver (spot)
1/2
War Loan
29.02 4.891
29.021 4.391
20 1/16
3% 101
20+ 20-1/16 33% 101
Closing Quotations
ON NEW YORK:--
די
A. H. Compton, Esq.,
Hon. Mr. & H. Dodwell,
M. T. Johnson, Esq.,
J. R. Maazon, Esq
K. S. Morrison, Esq..
T. E Pearce, Esq.,
A. L. Shields, Esq.,
V. M. Grayburn, Esq.,
Chiel Manager.
Branchesz Iloilo
San Fran-
cisco Lumpur Shangbai London Singapore Lyons Sourabaya
Amoy
Bangkok
Ipoh,
Batavia
Johore
Bombay
Kobe
Peiping Penang Rangoon Saigon
Calcutta
Kowloon
Canton
Kuala
Chefoo
Colombo
Dairen
Foochow
Malacos
Hamburg Muar
Haiphong Manils
Harbin
Mukden
Sungei
Patani
Tientsin
Hankow (Johore) Tokyo
Hongkew
Tsingtao
New York Yokohama
J
KAMDUBO HANKOW
HARDIN
(Bhuket) TRIKOTAO
ГОКОЛАМА
(Peking) KAMBOANGA
PERANC
EONG KONG EARTOON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for On" Year or shorter periods at rater which will be quoted on applica tion.
The Bank's Head Office in Lon don undertake Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branchsa
A. BREARLEY,
Manager.
|
Carrent Accounts opened in Local Currency and Fixed Deposits 18, received for one year or shorter periods in Local Currency and Sterling on terms which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 5th Feb., 1937.
HONG KONG BAVINGS BANK
T
HE Business of the allove
THX CHASE BANK
QUEEN'S ROAD CENTRAL
HEAD OFFICE:
19, PINE START,
NEW YORK.
An American Bank offering com
plate Foreign Banking Service in the principal Markata of the world. interest Bates on Application.
i
SAFE DEPOSIT BOXES
TBank is sonducted by the This Bank is entirely owned by
HONG KONG & SHANGHAI
BANKING CORPORATION. Rules: may be obtained on application.
For the Hong KONG & SHANGHÀI,
BANKING CORPORATION.
V. M. GRAYBURN,
Chief Manager,
THE CHASE NATIONAL BANK, Naw YORI, with Resources over U.S. $2,027,000,000,00
D. M. BIGGAR,
Manager.
Hong Kong, 4th February, 1936 THE YOKOHAMA SPECIE BANK -
BANK OF EAST ASIA, LIMITED.
Authorised Ospital $10,000,000,00 Paid-up Capital 5,598,000.00. Reserve and Undivided
Profits
....................... 9,685,295.59
HEAD OFFICE:-HONG KONG No. 10, Des Vasux Road, Central,
Board of Directors
Sir Shouson Chow, Chairman
$10
12
Canton Loes
FEL
Count
$3.40
Bopus...
-Miscellaneous
February 24, 1987.
3231
Hi
Ch. E'tainments.......
$1.00
Constructions, (old))
Bank Bille, on demand 30 Credits, 60 days sight. 303
40 cis.
Do.
(now)
$82
*
121
$3,10
Telegraphic. Transfer... iis Bank Bills, on demand Credits four months*
night********
ON BATAVIA
17/39,
On demand
OK PARIB
1/3-1/32
34
น
Os SHANGHAI ?---
Bank Bills, on demand 843 Credits, 4 month's sight 674
150.oth
On Demand
101
ON SAIGON 2
B.
0. Enterprises
31
On damand
143
36%
On demand
538
ON MANILA 1-
H.K.
Govt. 4% Loaas
3108
Os demand
60%
Do. 31%
$101
152
There were sellers of Sterling at 1/2 9/18 February, buyers at 172
O
JAPAN:--
ON BANGKOK:-
On demand
106
On demand.
140
DIA
BOVEERIGNS
Bank Buying
161
at 29 11/16, buyers at 29 3/4 for Spat
Hate dama
1/231/32.
BAR SILVER, per an
Amay
*Cowloog
Detaria
-London Bangoon
Swatom
Bombay
Marlia
bysday
Melbourne Han Fran
Taboku
Narski
dlace
Teatala
New York Asautle
Facle
*
proc
pr. m. 1
$60
Wallaco Harper .....
H.K Wing On
Do
Vibro Piling......
*Bales to Shanghai.
PHILIPPINE MINING
NEWS
Tunneling of the Kabatohan tion of P10,000 tor the construction group of the Cooperative Mines, of a connecting rood. To start the exploitation work of the pro- Inc. is being carried on in the var lous sections of the property, ac-perty, Mr. Leontovich" has asked cording to report submitted by A. the management to buy several He L Reynolds, mining engineer. Mr.lack hammers and air drills. Reynolds stated that the Rubio also reported that five houses are tunnel has been advanced 50 feet being built in the main camp of and the Esther and Arkansas tun- the company and other houses for nels are being pushed on so as to the labourers and, office personnel reach the expected lodes next are nearing completion. :
According to his report. month. the plans for the development of the company have been followert carefully.
DISCOVERS VEINS
Two other veins have been dis- covered on the Benguet property. of the Cosmopolitan Lode since the "A new road on the foothills of mining engineer of the company the Kalapatan range leading to submitted his report on the prop- the property has been surveyed.erty. The entire gold property at Mr. Reynolds reported that the Bengust has been surveyed. The advantage of this road is that only latest report from 'the field repre- "one bridge will be constructed to sentative of the mine stated that cross the upper part of the Bucao the trails leading to the main river which will be of necessity for veins have been completed and that the bullding of tunnels and milling operations.
further development work is in
19/32 cash. US Dollars, sellers O
MANILA MINING
SHARES:
Hong Kong, Feb. 24.
The morning closing quotations
Telegraphie Transfer...
Bank on demand.................
Rubber Growing Costs
The position of Rubber shares | Miller claims that it came through for the Manila mining shares yes as investiment counters is largely the depression with flying colours, determined by the maintenance agriculturally. Many estates not of a fair price for the commodity, only omitted depreciation, as did terday were as follows:-
and the fair price is necessarily Langen, but neglected weeding. related to coet of production, says manuring, covering, etc, in order Mr. J. Rose McMahon, writing in to avoid loss or brag of a spare
profit. "The Financial Times."
Assoc. Mines Acoje Mining
Homestake Dulong
Gold Creek
Ipo Gold!
Mineral Resources Mother LoGE Paranale Cold Balacot.. Sta Rosa Universal Expl. Marsman Dayaka
Cocogrove Mambulao North Mindanao Syndicate Invest Development Inc. Tinago
.215 .0125 185 .10
285 Some interesting remarks on the ascertainment of costs are made .125 by Mr. Eric Miller-the dis 20* tinguished member of the IRR.C. .076 in his speech at the annual general meeting of Langen Rubber Estates recently.
.075
.29
100,00
.27
,11
.12
.23
quite Mr. Miller confessed frankly that in arriving at the cost figure no provision was made for amortisation of the lease of depreciation of matüre areas, which even now are in course of being replaced.
The question is whether the so called cost figures, so frequently quoted to-day are reliable and cost under safe guides to actual normal working. I suggest that a safe and ed. a ib. represents
of the costs proper estimate average to-day on an all-in basis, and there is no doubt, moreover, that wages, freights, taxation, etc., are likely to increase over the Mr. Miller gures of last year. emphasises substantial additions recently under the latter heading.
Having regard to costs, there- fore, and the exceptionally low prices of the past six years when consumers have benefits substan- tally at the expense of producers. the present prices of the com-
Justifiable and there good modity is perfectly fair and grounds for anticipating a rising market:
In my opinion the Rubber No. 1 in structure, it was declared. next year, provision for deprecia-shareholder has a very clear con- science if he is, at last, about to of the company. Mr. Leontovich CONTINUES WORK..
pocket a few dividends on his In-1 who inspected the site of the pro- The El Tesoro Mines reported at A complete report of the activition will be resumed.
vestments. Our American friends posed 2-kilometer interprovincial its annual, stockkholders' meeting; ties of the company, from its co-
WELK presented by l road connecting Tayabas and held recently that, intensive prosmencement
It: must remembered, too, that will quite understand and respect camarines Norte to reach the pecting and exploration work 18 Pablo V. Jose, president, and the Tabonga river, recommended to being carried on at present in Ca- balance sheet was approved by the Langen comes into the category him and will expect neither
of emetent producers, for Mr. apology nor explanation. the management the appropria-marines and Surigao properties stöekholders.
BUYS LAUNCH ·
The purchase of a 32-horse po-progress.
He states that the Netherlands Quiet. Indles Government has accepted 4 Der cent; as being a proper annual rate for depreciation" of had The quarters for the Bunk house, bodega for 'explosives mature: areas, and ` if, thla,
been adopted in arriving at Lan wer launch which will be used for officers and the assay office have and trails are being constructed.
Two velns have been exposed, gen's costs there would have been the development work on the pro- been completed while the No. 1
Shareholders are warned by Mr. perty of the Mambulao-Tayabas bodega and two other buildings with No. 1 vein having quartz hea-no dividend recommendation.A Mines, Inc. in the Cadig mountains are being constructed. A sanitary rily mineralized with iron pyrites, was recommended by: Valerian water system for drinking has ferrio oxide and a heavy manga Müller, moreover, that when profits nese stain. No. 2 is identical to improve, as is likely to be the case, Leontovich, general superintendent been installed in the camp.
Langen's Good Record
art
Li Koon Chap, Esq. Li Lan Bang, Esq. Wong ChuSon, Esq P. K. Kwok, Eng.
Wong Yun Tong, Esq. Kam Ying Pu, Esq. Chan Ching Shak, Esq...
Kan Tong Po, aq, Chief Manager.
Li The Fong, Esq., Manager.
Con
Haiphong Kaskow Hemsjalu
Kobe
Branches and doencies ;—
Penang Boury's
LIMITED
Capital (fully palá úp)
Km 100,000,000 09 Heserve Fund...Yen 130,900,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENGLES AT :... Alexandria Honolulu Rangoon
Rio do Bangkok Hainking Batavia Karachi Berlin
Kobe
*Manila Semarang
Dairen Moji Shanghai
Janeiro.
San
Bombay
London
Francisco
Calcutta
Los Angeles Seattle
Canton
(Dalny) Nagasaki
Singapore
Fengtion
Soerabays
Tientsin
Tokyo
Thingtao
Yintow
Nagoya
(Mukden) New York Sydney
Hamburg Osaka
Bankow
Otaru
Harbin Paris
Hong KorgPeiping
Interest allowed on Current A counts.
.
Deposits received for Fixed. Perioda at, rates to be obtained on
Y. KANO,
application. Tokys
Bemarang Yancouver Tokohama Ebanghel Peiping Вілгарока
Evsty description of Banking and Exchange business transanted. od approved Losus, granted
ecurities.
Current Accounts opened
Local Currency and Fixed De posits received for one year or shorter periods in Local and Foreign Currencies on terms which will be quoted on application. Hafe Deposit Boxes To Tet.
LAN TONG PO,
Diet Hanzur
SINGAPORE RAW RUBBER
H. L. JOSEPH & COM
Hong Kong. Feb. 24. Mesars HB. Joseph & Co. re- ceived the following quotations from Singapore in Straits Currency for Raw Rubber; -
Buyers
36 unchanged 35 unchanged-
Bpot March April-June 16 unchanged July-Sept.
381 unchanged Market: Uncertain
REICHSMARK RATES
Berin, Feb. 23. The Reichsmark was quoted. (without guarantee) at:
40.23 New York Paria
London
12.188
Amsterdam73.535 to 75.575
Tranvorsan News, Service.
Manager. Hong Kong. 13th Nov., 1930.
H. K. STOCK EXCHANGE
YESTERDAY'S OFFICIAL
QUOTATIONS
Market is quietly steady with a few more enquiries particularly for Public Utility stocks.
The Manila market closed steady at improved prices."
SELLERS
HK Banks, $1,850.0 Bank of East Asia, $35. Union Insurances, $820, Douglases, $32.
Raubs, $13. H.K. Hotels, $5.55. H.K. Trams, $11.30. Peak Trams (Old), $4. Star Ferries. $32.
· H.K. Electrics, $574, Dairy Farma, $234,
S'hal Cottons (Old), Bh,$100. Bhai Cottons (New), th, 375, Constructions (New), 40 cts. Vibro Filing,
BUYERS
Marsmans (HK), 10/
SALES.
EK. Banks, ($1.855.3
No comments yet.
Private notes are available after approval.