1937-03-01 — Page 12

Buyane

Belie

Balte

31800

196

1620

IT!!

#1!!!

المجنا منصب

Banks

H.K. Banks

Do.

Saturday, Feb. 27. Messrs. G. A. Harriman & Co.' weekly share report and market to-day 1ssued review states:

Another quiet period falls to be recorded this week, which being Race Week was only to be expect. ed, although the stagnant state of the Manila market can 'scarce-

attributed

same to the 60 otly be

cause. Hong Kong utility "shares have been the bright exception, with buyers outnumbering sellerd so that rates shew further satis factory improvement, Hong Kong Electrics have been dealt in up to $58 cum, and should go higher. were taken at Telephones (old)

Chairman.

Deputy Chairman,

AMRITSAR ΒΑΝΟΚΟΣ BATAVIA BOMBAY CALCUTTA CANTON

KLANG

· KUSE KUALA

LUMPUR

SITIAWAN

12

DAILY SHARE QUOTATIONS.

Hong Kong Stock

Exchange

THE SHARE

HONG KONG DAILY PRESS. MONDAY, MARCH 1, 1937.

LONDON EXCHANGE RATES

MARKET

Sharebrokers'

<British Wireises Service).

Feb, 25.

Feb. 27.

Association

Harriman's Weekly Review

Parts

105 7/64

105-5/32

Geneva

20.431

21.424

Berlin

12.151

12.16

SATURDAY,

Boyacı

FEB., 27.

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION ·

Authorised Capital

$50,000,000 Issued & Fully Paid-Up $80,000, 800 Reserve Funds:-

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA

• Incorporated by Royal Charter, 1851 - HEAD OFFICE: LONDON.

Albers

Milan

92 29/32

921.

Sterling

£6,800,000

Hong Kong Currency

Copenhagen

Reserve WALLARTA

$10,000,000

Paid-up Capital................... Farve Fund....

$3.000.004 £3.000.00

Rederve Liability "ät Pro-»

Stockholm

Reserve Liability of

prietors

£3.000.000

$1,265, a d

xj

£113

-u. (London)

£113

16

Chartered Banka....

B16)

933)

Mercantile Bks. “A”

215

Bank of East Asia...

N. U. & S. Bapha...

Insurances

3310

Canton LauIMISJON,

Union Insuradas ...

***

$1

Uuderwriter

34

International Asson, S.

Shipping

Dongiano paren

$33

181

Steamboats

181

130

indon (prot.)

$30

$36

Do. (def.)

136

1699 Shell

$10

Waterbos

132/6 $10

Mining"

224 Kailans

Kaaby...TALSIN KAT

ed

11/- $131

Venezuela Guid Fida. 17"

Docks, Wharvas,

Godowns, etc.

$109

H.K. & K. Whacres.

20 201

at

noon

Shanghai M New York......................................................

Proprietora

..$20,000,000

4.88 31/32 8.927

„4.885.

Agencies, and. Branches:-

8.921

Head Offco:-HONG KONG"

ALOR STAR

ILOILA

BAIGON

Vienna.

SEMAHANG

ad

188 育

$310 1890

Prague

140

140

"Board of Directors. "

KARACHI

SEREMBAN

Madrid

G. Miskin, Esq.,

SHANGHAI

SINGAPOR

Lisbon

Hon Hoat

M. T. Johnson, Esq.,

SOURABATA

Bombay

1/01

J. E. Bousdeld, Esq.

Montreal

4.88 13/16

4.83

$30

**

28.02

20.02

Hon. Mr. S. H. Dodwell,

CAWNPORZ

+9

KUCHING HADRAS

TIENTSIN

COLOMBO DELF1

MANILA

TOYUKAR

MIDAN

HAIPEDAG HAMBURG

NEW YORK

TRIOTAŬ

PRIPING

(Bhukde)

20-3/16 201

V. M. Grayburn, Esq.,

Chief Manager.

-319% 1028.

Amoy

Bangkok

Branches:— Iloilo Ipoh

ON NEW YORK:-

Batavia

Johore

Bank Bille, on demand 30 3/16 Credits, 60 days' night. 30 9/16

Bombay

Kobe

Calcutta

Kowloon

ON BATAYTAC-

Canton

Kuala

On demand

K4Z

Chefoo

...1/3 1/33

ON Pizia:-

Calombo

, 10ìន់

Bank Bills, on demand 649 Credits month's night 674

Dairen

On demand

523

ON MANILA:-

108

#33

$13.10

1#2

1995 H.K. Firts jammer

11.70 Providents (old) ...

(new) Do. H.K.&W. Docke $164 Bhangasi Docks S. $1New Eugineering9.

Lands, Hotels, and

Bul.dlags

H.K. Lands.......... Do. 4% Debentures

Metropolitan Lasds..

H.K. Hotela

Colton Mim Ewood. B.

ad

$108

11.85

10 ota.

02.20

$104

43

ཙྪཱརཱཝཱ

$5.65

cd

1381 #10

$5.00

3105

416

Shanghai Landa.....

SIL

$4.83

H.K. tialties

34

Chium DoS

860

Do. Delenticus S.

38 40

Humphreys ****

(8)

$78

China Esustes,...

•

$18.35

398 168

$30

$43

$13.10 ±

32

$24

$13.80

110.80

$16.10 $102 377

EN

$13

I d

S'hai Cottnistvldj3.

Do.

(now S.

Zoong Sings di Wing On Textiles(D.}}

Public Utilities

Tramways

+21

Pook Trama (old)... Hi

Do. (now)...

Yaumati Forries

***

Du. (now)...

$83

Star Ferries...

$83

$10

$13.8u

China Lights (old)... 13.80

1.80

$58

#571

$20

น

110

od 139

ad

481

!!!!

H.K. Electrica $37 Maceo do Sandakan Lights ... Telephones (old) .... Do. (new)

China Buses.....8.

178 | Tructions - dinin

Ē តក់ - ខ្ទឹមដ≡

$10

11

#

$930

323.70

45. cts.

$1.80

ཙ ཙུམྨཱངྒཱཏཛྫོ– རི॰ ཆུ ཿར

Dk. (pref.).....

Industrials

Caldbock. ord.) 8. Macgregora prof,)8. |

Canton fees..... L'ementa Ropes

Miscellaneous "Dairy Farmon ......n an

Ch. Etainment!........... Constructions, (old)

Do. Lane Crawfords................ Nanyang Tobacco...

(доп

Siacerea ***** dị

Watsons .ON Wm. Powells ....... S. C. Enterprisen 98%, Ch.0.6219250,9Bd!

prem

prem.X

HK. Gort, 4% Loans

31%

Do.

Wallace Harper BLK. Wing On

S'hai Do Vibro Piling

•Sales to Shanghai

THE EXCHANGE MARKET

MESSRS, ROZA BROS.

Saturday, Feb. 27.

Silver prices rose 1/18 yester- day for both deliveries, the quota- tions being 20 3/18 tor Ready and 201, for Forward.

aliver

:‛ཨྠརྩ ,: ! སྐྱུ:;

$10.90

Benerals

Yokohama Belgrade

Monte Video (weak

Bucharest

Silver (forward)

Silver (spot).torio laganker War Loan

201

20 1/16

Closing Quotations

February 27, 1937.

$30 cum. and Lights (old) con- Unue in good buying enquiry at $13.80. (New) Telephones have repapsed to a nominal quotation of $11.25 cum, but (New) Lights- Star can be marketed at $10.85.

ON LONDON': - at shade better Ferries

are a

Telegraphic Transfer... 11/★ $83.50 and Peak Trams (old) at

Bank Billa, on demand 27/32 are also buyers of $4.25. There

Credits four months' Hong

sight Bandakan Lights at $1.00. Kong Trams are just $13 ex div. There a parcel of Macao Elec- trics on offer for which bides are invited.

Practically no change is shew in the quotation for Cements and Ropes. which are nominally sellers at $11 and $3.50 respectively, Dairy Farms, after small transactions at $23.50 cum, are now $23.75 cum bayers. Ewos have eased back, Hotels temporarily, to Sh$125.

have steadied to $5.65.sales, and close buyers at $5.70. Lands are on offer at $36.75 cum and Hong Kong Realtys, on the disappoint- Ing report, which once again kills hopes of any dividend, are avail- able at $4.75. Humphreys are ir small buying enquiry around $9.80 ex. and Marsman Hong Kong have sellers at 10s 6d & buyers at 9s. 6d. China Providents sold at $1,70 and Docks at $20, and at these are further buyers. rates there Wharis are still nominally around $107 cum and Douglases are now wanted at $33 Unions came to $11.30 business at $822.50 Canton

$67.

wanted at $310. but there tellers of Hong Kong, Fires under $300. Hong Kong Banks are in buying enquiry at $1860 cum.

01.70

121

$13.80 e d

331 $1,70

16 ota.

48.90

34 59.10 $4

(50 eta

31

JOY

$101

261 $5+

H. K. STOCK EXCHANGE

SATURDAY'S

OFFICIAL fi QUOTATIONS

Market, closed steady, with

à

arm undertone and general en- advices reported India as having quiries for Utility stocks. bought, China sold. The market Manila market continues quiet

closed steady. After the official, and dull

fixing business was done at 1/16 under the quoted rates. American Sliver was quoted at 441 for Spot.

The London/New York cros rate was quoted, at 488.75. New York/London' was quoted at 4.89 25/32,

MARKET Steady in the absence of bust-

STERLING

ness

No business

reported. There' were were sellers at 1/2 29/32 March/October, buyers at 1/2 15/18 for any delivery,

"

U.S. DOLLARS

A small business was done at 301 for March and 1st half of Aprli. There were sellers at 301 March/April and 30 5/16 May/ June/July, buyers at 307/15 March/April and 30 May/July.

SHANGILAI DOLLARS Nothing doing. There were 'sel- · Ters at 1021. buyers probably at

102 3/18 for cash,

BHANGHAI MARKET

Steady. There were sellers at

BUYERS

Hong Kong Bänks, $1860. Bank of East Asia, $85. Union Insurances, $820, Douglases, $33.

H K.Docks, $20, Raubs, $13.10. H. K. Hotéis, $5.55.

Humphreys. $8.90.

H. K. Trams, $13 (EX.. Div.). Peak Trams (old). 41. Star Ferries, $83.

China Lights (old), $13.60,

H. K. Electrics, $513.

Sandakan Lights, $11.

Dairy Farms, $23.70. Ewo, Cottons, Sh$16.10. Shal Cottons (old), Sh.$102. S'hat Cottons, (new), Bh.$77. Constructions (new). 45 cts.

SELLERS

H. K. Lands, $36). Marepans HK.), 10/-

SALES

Humphreys, $8.

H, K Electrics,. $58.

1/2 19/32 for near, buyers at 1/21 294 for cash, buyers at 29: 13/16 for cash, UB. Dollars, sellers at cash.

Philippine Mining.

are

are

ON SHANGHAI: ---

On Demand

QN SINGAPORE:-

On JAPAN:-

On demand

On demand

O

INDIA : ---

Telegraphic Transfer... 91 Bank, on demand..........

Hong Kong

On demand B Ox Baoxor:-

On demand...m intrattet. 149 Soyquions Bank Buying

Bate

A. H. Compton, Esq...

J. Masson, Esq.

K. S. Morrison, Esq...

Hoa. Mr. J. J. Paternen, T. E. Pearce, Esq., AL Shielda, Esq.,

Feiping Fenang Rangoon Saigon San Fran-

Ciaco

Lampar Shanghai London Singapor Lyons Sourabaya Foochow Malacon "Sungei

Patani Haiphong Manila

Tientsin

Hamburg Yuar

Hankow

(Johore) Tokyo Muldon Tsingtao

Harbin

Hongkow New York Yokohams

in Current Accounts opened 1/93/Local Currency and Fixed Deposits

BAR SILVER, par an. 50 3/18

And Shanghai Bank Meeting

(Continued from Pare 2)

Seconder's Speech

-In seconding the Chairman's proposal. Mr. J. H. Taggart sald:

Hong Kong is looked forward to, and I am confident that Share-

holders heartily endorse your hope

that the foundation laid by Fis Excellency Sir Andrew Caldecott

on the occasion, of his vixit. to In rising to record formal sup

Cantoni will-under the present port to the motion covering the adoption of the Report and Ac-enlightened administration in that counts, I have at the back of my mind advice made available to a

at Shareholder-in a similar position of seconder-in connection with the flow of words deemed advisable to suitably amplify the bare ex- pression of acquiescence, to the following effect:-To think out carefully the ppening sentence to think out carefully the closing

Crown

sentence and to bring the two together as speedily as possible.

This market has again been almost featureless and quotations have mostly receded slightly. Atoks exceptionally have streng- thered to 28 cts, and Mines have been favoured up to 48 cts. San Mauricios were dealt in locally at $5.04, and small busi- in Consolidated ness

done Mines between. $0.08 and 073

Closing Comment. Hong Kong:-Mr. ---Investment Ehares in good de presented mand.

Was

Maria: Dull and featureless.

REICHSMARK RATES

Berlin, Feb. 26. The Reichsmark quots tion (with- out guarantee) is as follows:-

40.23, New York -Paris

......265. Amsterdam, ...low 75,425, high 73,475;

London,

....12,154, Paris sterling, low 105,11, high 105,14; US.A. dollar, low...21.50, high-

21.502.- Transocean News "Service.

SATURDAY RATES

Berlin, Feb. 27. Reichsmark quotations (without guarantee) are as follows:-

New York, 40.23. Paris, 865. Amsterdam, Jow 73.42, high 13.46. London, 12.14. Paris sterling low 105.14, high

105.17.

USA Dollar low 21.511. high

21,52

Traniotaan Nams Sermer.

I trust that my endeavour to adhere to the principles of that golden rule will not-to-day-leave me open to charges of inadequacy, particularly in the light of the comprehensive survey which you Chairman-have so ably to us in relation to matters economical and political, the trend of which have auch sharp reaction upon the conditions of trading encountered by the

Bank in its various spheres of operation. For your informative and heartening address. I tender you our sincere thanks.

"GIANTS IN THE LAND" Turning to the financial results for the year under review, I am confident I. válce the unanimous desire of constituents in proffering the Court of Directota-and in particular to Mr. Grayburn our Chief Manager-and to those able colleagues who have worked in collaboration with him-our con- gratulations on the excellence of the results achieved as evidenced by the Accounts with which we are ngain presented. I would add "Verily there are still giants in the land."

A

City-in due course support a structure of mutual understanding. reciprocity and goodwill of strength as will be difficult, # to demolish. His Excellency's rapid advancement in the Colonial Ber- vice bears testimony to the tact,

ability and administrative capacity which has been displayed to the full by His Excelièney during his

brief term of office here. At the impending departure of Sir Andrew and Lady Caldecott the Colony universally holds regret.

We have also suffered the loss of a staunch supporter for the promotion of friendly relations between Canton and Hong Kong in the person of the late British Consul General, Mr. Herbert Phil- 11ps. In this case also, no course remsins to us but to adjust our seme of regret to a conscloniness of gratification at his well deserved promotion to higher office and to express good whes for his future well being.

"THE CORNER STONE"

HANKOW

HARBIN

TAIPING

TOKOHAMA

(Peking) BAMBOANGA

PENANG

HONG KONG KANGOON

FORION Exchaos and General Banking Businesa transacted.

QURRENT Accounts opened and. Fixx Deoairs received for · On" v Year or shorter periods at rster which will be quoted on applica tion.

The Bank's Head Office in Lon don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained st any of the Agencies and Branches.

A. BREABLEY,

Manager.

t

received for one year or shorter 14, 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, 1st March, 1937.

HONG KONG SAVINGS BANK

KE

Business of the above

Tante conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Rulas

For the Howa KoNG & SHANGHAI may be obtained on application,

BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong, Ist March, 1937! -

THE AUBRICAN EXPRESS

ING

THE CHASE BANK. QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PUNE STREET,

NEW YORK.

An American Bank offering com plete Foreign Banking Servic in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.S.

·$9,097,000,000.00

D. K. BIGGAR, PA Manager.

THE YOKOHAMA SPRCIX BANK.

LIMITED

Capital (fully paid up)

Ten 100,000,000 00 Ten 130,900,000.00

CO, Reserve Fund

Incorporated with Zimited Glability in U.S.A.

***

HEAD OFFICE:--YOKOHAMA

BRANGKEL AND ÅGENGIRA AT: Alexandria Honolulu Bangoon

Head Office: 65 BROADWAY, NEW YORK Bangkok Hsinking

Batavia Karachi Berlin

U.S.$6,000,000.00 |

Canton

Capital Burplus........... U.8.$2,940,344.38 Bombay Reserves... U.8.$ 7,819.65 Calcutta Amsterdam The HagueMontroux Antwerp. Hamburg Munich

Натала Athene

Naples Havre Nice Basle

Heidelberg Paris

Lutertaken Peiping

Berlin Bombay

Brutals

Jerusalem Piraeus Liverpool Rome

Cairo

Calcutta London Rotterdam

Cuines

Lugano Shanghai Colombo Lucerne Singapore

Southampton

Copenhagen Luxor Dublin

Mánila Tientsin Edinburgh Marseilles Venice

Florence Genévs

Getoa

Milan

Monte

Vienna Yokohama

Carlo Zurich Montreal lugow Branches of American Expronë" Company in Principal Cities of United States of America Gansde

and

It is indeed gratifying to gather from your remarks that your diagnosis of the situation in the Far East embraces confidence that the better conditions which have prevailed during recent months will proceed to greater improve- ment. In the realization of such an enhancement we are assured that the Bank will continue in the forefront of trade. manoeuvres--warthily maintain the dignity and prestige of British bandied.

The Company offers to intending Banking, and, in its operations, travellers the use of its "Travelers further warrant Its description Cheques" and Letters of Credit The corner stone to the fabric of and, in addition the world wide Far Eastern Finance."

serfices of its thoroughly equipped Travel Department.

E. W. DUGGAN; Manager.

Bio do

Janeiro Saa

Francisco

Kobe London Los Angeles Seattle

Manila Semarang

Dairen

Moji

(Dalny) Nagasaki

Shangbai Singapore

Fengtien Nagoy

wrabaya

(Mukden) New York Sydney

Tientsia Hamburg Ocaks

Hankow Otaru Tokyo Harbin Paris AL Tsingtao Hong KongPeiping Yinkow

Interest allowed on Current Ac codate...

Deposita roceirad for Fixed Fettoda at rates to be obtained on application,

·Y RANO,

Manager. Hong Kong, 13th Nov., 1938.

BANK OF EAST ASIA, LIMITED.

All plasses of Commercial Bank-Authorised Capildi ...$10,000,000.00 Paid-up Capital ........ 5,503,100.00 expansioning Transactions undertaken.

Personal investment accounts Reserve and Undivided

Profits

9,685,205,59

Hun Onio:-Hore Kaza

10, Des Voix Bond, Ciater

UNION WATERBOAT DIVIDEND

No.

Boar 3 of Directoire ja - Sir Shouson Chow, Chairman Li Koon Chun, Esq.

Lan Sang, Esq. P. K. Kwok, Esq. Wong Chufion, Esq. Wong Yun Ton/Lac, Kan Ying P6, Esq. Chan Ching Shak, Esq.

Kan Tang Pd, Dog, Chief Mánagur.

Lá Tee Fong, Esq., Manager.

Branches and

In conclusion, I desire to express Mr. Chairman you have stated

to the staff whose excellence of to-day that it is the desire of the

service and loyalty are traditional Bank to work for a steady expan-

our deep sense of gratitude at sion of trade-and British trade in

their efforts which have com“. particular in the countries within

tributed so materially to the which the Bank operates. In so far as this Colony is concerned- eminently satisfactory position dis- played in the Accounts which are and speaking from personal ex perience I would affirm that the submitted for adoption to-day.

At the forthcoming annnal gen-| sympathetic attitude of the Bank With these few remark Meral maceting of Union Waterbout Ad

Chairman have great pleasure company Limited, the Consulting to traders and corporations alike, covering the past years of severe in seconding your proposal that the Committee will recommend that a depression to which you make Report and Accounts as presented dividend of 45 cents per share bë reference has beer indeed mark- be adopted. ed. Moreover, it has been syn- pathy of a degree not bounded by but verbal expression alone, endorsed by the co-operation, and Hong Kong, Feb, 27. Messrs HB. Joseph & Co., ze-active assistance, of the officials of ceived the following quotations the Bank. In this relation-I may;

SINGAPORE RAW RUBBER

A. B. JOSEPH & CO.

The motion was unanimously paid for the year ended 31st. De-

cember, 1998, 200 approved by the meeting

The re-election of the Board of Directors for the current year was proposed by Mr. B. T. Williamson, Mr. E R Burt seconding, the approval.R

Banking

Approved

from Singapore in Straits Currency add-many concerns which have mëèting being imánimous in its i corts for the week ending February Local Currency and Fixed De

for Raw Rubber:

Buyers

Spot

March April-June July Sept.

Market: Esaler,

361 Down 38% Down t 367. Down 362 DOWN

with the aid of the Bank emerged through stormy times of a severity likely to have owamped them-bear gratitude.

TRIBUTE TO HE.... It is observed that clase Operation between Canton

BOARD RE-ELECTED The re-election of Messrs, John Fleming and IL R. Forsyth as auditors, proposed by the Hon. Mr. co-T. N: Chián, and attended by Mr. J. and It. Beth, was carried unanimously,

· Ever?" descriptijë FAR EAST HEALTH: Banya beliners Tölns 1 gilfield on The health bulletin of Eastern, thecritió..

20state Plague: Bastein. cases; Katachi 1 Colombo, 2 Cholera. Basselt 4 Madras, Negabatam, f: Bangkok, 27 Emal-Pox: Bombay., & Kara chi, 11; Madras, 13; Moulmein, 18: Rangoon 5; Chittagong, 80: Hong Kong, 1; Shanghai, 40.

Torrebetra for, dhe year, or inLocal, and Fazeira Outreines bà barzh which will be quoted of capplication. Bate Deposit Boxes To Let. KAN TONE PO,