This week we can write in much more cheerful vein, for our pro- phecy of brighter conditions in the local market has at long last been fulfilled and buyers ‘are, now acquire almost all our eager to local descriptions.
Vienna
Brussels
Belgrade
Monte Video
Rio...
Bucharest *****
Silver (Forward)
HARDIN
ГОГОНАМА
(Paking) puuBOANGA PINANG
HONG KONG RANGOON
LE
FOREIGN EXCHANGm and General Banking Business transacted, ́=
Noslemi
12
DAILY SHARE QUOTATIONS
Hong Kong Stock
Bagi Bellez
Exchange
THE SHARE
HONG KONG DAILY PRESS MONDAY,
MARCH 8, 1937.
LONDON EXCHANGE RATES
Sharebrokers' "Association
MARKET
(British Wireless Service)
Harriman's Weekly
Paria
Genera
SATURDAY. MARCH. 6.
Mar. 3.
105-9/6-* 21.424 13,151
Mar. 3.
107-5/16
21.381
12.14)
dollars
Jeles
Homta.
Backs
$1,8001
#1 660
H.K. Banks
*********] $1,250) d
Saturday, March 6. Messrs. G. A. Harriman & Cola weekly share report and market review Issued
пооп to-day
Berlin
BANKS
HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA E
BANKING CORPORATION
Authorised Capital ..... $50,000,000 Issuad & Fully Paid-Up $20,000,000 Reserve Funds:-
AUSTRALIA AND CHINA * Incorporated by Royal Charter, 1839
Athens
Sterling
B2-23/32.
Mian
Hong Kong Currency
Reserve....
Copenhagen
Reserve Liability of
1t
Stockholm
1/21
Proprietors
6,500,000
$10,000,000
$20,000,000
HEAD OFFICE: LONDON.
Paid-up Capitain componentiis.. 13.000.000 Reserve Fund.....
63.000.00
| Reserva Liablilty of Pra-
prietors.
11
£3.000,800
!!! 18
ELLO!
Do. (London) .......
states:
Shanghai
+
Chartered Banka ...
£33
Marcantile Eks. "A"
£10
Do,
216 £33) £15]
New York
.4.88-15/16
4.87-13/16
Head Office:-HONG KONG
Agencies and Branches:-
Amsterdam
8.921
8.91)
Bank of East Asia....-| 1904-
Board of Directars.
N. 0. & 8. Backs...
Insurances
3305
Canton Insurances..
$625
$0$7/5 $5
$1
ITE
Union Insuranden ...) Underwriters
3290 H.K. Firosis?
| International Assos, 3.
Shipping
3828
o d
9310
180 ata $30)
ALOB STAR ILOILO AMBITBAR 1PON BANGKOK KARACHI
SAIGON
BRIGA BLANTO
KEREMBAN
Frigue
1401
1397
G. Miskin, E.,
BATAVIA
XLANG
SHANGHAL
Madrid
Chairman
" Lisbon
31. T. Johnson, Esq.,
BOMBAY ALLOUTTA
** KUALA
SINGAPORM
DITIAWAN
Hồng Kong
Deputy Chairman, | CANTON
Bombay
J. K. Bousfald," Esq,
it
I
Montreal
4.89
4.91
A. H. Compton, Esq.,
TH
29.02
Hon. Mr. 8. H. Dodwell,
CAWNPORE
CKBU COLOMBO
LUMPUR KUCHING MADRAS
(QURABAYA
TALFING TIENTSIN
·
MANILA
TONGKAH
Yokohama
J. R. Mason, Esq
Douglases
$334
Steamboab
102
$30
indos (prof)..........
$36
Do (def.).....................
182/0
Shells ---****
BIOL
Waterboate
Mining
21/6
Kailans
好
***
TR
K. S. Morrison, Esq.,
Hon. Mr. J. J. Patemon,
DELKI
MEDAN....
(Phuket)
HAIPHONG HAMBURG
NEW YORK
SHINGTAO
PRIPING
T. E. Pearce, Esq.,
HANKOW
Raubs. $13.40
Venezuela Gold Fids.
Docks, Wharves,
+4
!
!!!
ed
$30 152/8 $10
93/.
d
$7
A L Shield, Esq.,
Silver (Spot)
20-7/16 201
201
V. M. Graybura, Esqu
Chief Manager.
20-13/16
War Loan
3% 1024
Branches
ון
Closing Quotations
Amoy
Iloilo
Bangkok
Ipoh
Penang
1112 $1.80
3931
Godowns, etc.
H.K. & E. Whartes.
ad
#111
$1.00
20 et
Do. (new)|10 ote:
•+
H
H.K. & W. Dogs
$23
BIG4
Shanghai Dooke S.
13
+
[New Engiacerings.
Lands, Hotels, and
Buildings
$6.20
10.16/, 20 35/35. 60
H.K. Hotels. #6.20 H.K Landa...... 136
$0.15
$35
E
$105
Do, 4% Debentures #102)
#16
Shanghai Lande...N.
***
$16
Metropolitan Lands
141
$4.86
H.K. Healties...... $4.80
$4
China Do......
160
Do. DavonturesS
10
Humphrey
$10
Chinese Bata too......
Ewo
$12.30) o d
S'hai Cottonsfold S.
$109
Do.
news.
,477
$31
Zoong Sings ..............5.
144
Wing On Textiles(5.)
$30 $60
Public Udlitimm
$13
13.35/60
Tramways **********
$13.60
$13.65
A.
Poak Trauna (old).......!
141
Do. (now)...
12
186
155
$24
$13,90
$12.00
$11
160
100
130
$30
March 9, 1087,
ON NEW YORK!—
Batavia
Johore
IN
Proridente (old)... 31.95
Bank Bills, on demand 30 3/16 Credits, 80 days' night. 30 9/10
Bombay
K'obe
Rangoon Saigon
Calcutta
Kowloon
17/31
·ON BATAVIA-
Canton
On demand
642
Chafoo
$101
$3
1/3 1/32
ON PARIS:-
Colombo
Bank Bills, on demand 657
Dairan
190.
Credits, 4 month's sight 712
ON SALGOM:-
On demand
"B01
On demand
OF MANILA:-
Hankow
On JAPAN:-
no demand
On demand
ON BANGXo:-
108
60 3/18
140%
Harbin Mukden
On topta
Telegraphic Transfer... Bank, on demand.........
Jelz
SOVEREIGNS
Bate
$18.40
$10%
377
$11.40 $3.36
Bri:
| $11.45
1; ཨོྃཔཏྟི ༔6;; རྡ ཨཽ༔ , ༑ E; F
Cotton Mills
门
$29
811 40
$11.86
Star Furrica Yaumati Ferries
Chits Lights (old)... $13.76 $13.85
Do. (Dew)...
H.K. Electrica ................. Macao do ནར*** Sandakan Lights... Telephones (old).. (now). Uo.
Cala Buses........$.
13 Tractions
Industriala
$18 Caldbeck, hord.) 8. Macgregora(prof.).
Canton Ice .....
Cements Kopa...
Miscellaneous
Do.
(prof.).
$11.40
$1.70 11.40/45 13.30
3942
***
24.80/ 25
INY
$41
Dairy Farm Ch. Etainment...
$45
$4.10
$1.60
(Dew) 17ota.
42jate,
$4.45
8%
98%.
prem pm. 1x
24
$60
18.40
504
Construction, (old)
Da.
Lane Crawford.......
Nanyang Tobacco.. | 142
Sinceresin
Watsons
8. C. Enterprises
CLG.5%192503 Bds.
HK. Gort. 4% Loans]
Do.
31
***
$1.00
15.30
$2.10
14.48
24.45
D0% $108 $101
362
-u
Wallace Harper....
H.K. Wing O
S'ha!
Do Vibro Piting
*Sales to Shanghai
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
Saturday, March 8, Silver prices dropped 5/16 yes- the terday for both deliveries.
for quotations belog 20 13/16 Ready and 20 11/18 for Forward. Silver advices reported India and speculators as having sold. Bears covered to a certain extent. The market closed steady, After the official Axing the market remain- ed quiet American Silver was quoted at 45 for Spot:
The London/New York cross- was quoted at 487.85. New York/ London was quoted at 487 27/32.
MARKET
Was
Black. The tone was steady.
STERLING No business
reported. There were sellers at 1/2 29/32 March/August, buyers at 1/2 15/16 for any delivery.
U.S. DOLLARS
Bellers at 30 5/16 March/April and probably May and 304 June. buyers at 30 for any delivery.
SHANGHAI DOLLARS
A small business was reported There were sel- at 102 for cash.
lers at 102, buyers at 102 1/16 for cash.
· SHANGHAI MARKET There were sellers of Sterling at 1/2. buyers at 1/2 21/32 for Spot. UB. Dollars, sellers at 29 11/16, buyers at 297 for Spot. Steady
H. K. STOCK EXCHANGE
SATURDAY'S OFFICIAL
QUOTATIONS
There was a good demand for the the smaller priced issues, market closing with unsatisfied buyers. In some instances cash shares not being available buyers accepted Settlement deliveries. Undertone Arm,
The Manila" market opened steady but closed casier.
BUYERS
Hong Kong Banks, $1860. Bank of East Asia, $90. Canton Insurances, 385. Union Insurances, $825. Douglases, $33.
H. K. Steamboala' $9. H. K. Wharves, $112.
H. K. Docks. $234. 'Providents (old), $1,85,
Raube, $131..
H. K. Hotels, $6.20.
H. K. Realties, $4.85.
H. K. Trams, $13j.
Peak Trams (old), $42. Star Ferries, $85.
China Lights '(old), $13.90. H. K. Electrics, $60. Sandakan. Lights, $113. Telephones (old), $30.
Telephones (new), '$11.55. Cements $11.40.
H. K. Ropes, $3.35.
Dairy Farms, ... $244. Watsons, $4.49.
Losno:- Talegraphio Transfer... 11/2 Bank Bills, on demand Credits four months'
sight ***
Ox SHANGHAI:-
On Demand ON SINGAPOR
The announcement of a 25 cts. (3.1/3 %) dividend by the Hotel company (which is the first divi- dend declared by this company since 1932) came as a welcome and somewhat unexpected sur- prise and has given 2 Allip to the whole market. A very con- siderable business has been done at enhanced rates, in most of the Javourite stocks with utilities con- tinuing to the tore in active ex-On changes. The aggressive buying of the past few days appears likely to continue, so higher, mates may be expected. The Manila market has continued easy, although the close to steady. But with active interest now evinced in the Hong Kong market, Manila stocks have temporarily taken a back sent
Hong Kong Electrics were bought, in
to $80 quantity, up cum. Trams are in keen demand at $13.55 and Star Ferries also at 86 (which is a considerable im- provement on last week's rate). China Lights (old) are the ex- ception, having taken their rise carller. There are sellers at $13.- 95. Telephones (old) are strong at $30 ex and the (new) at $11.60. Peak Trams (old) are $4.50 and Sandakan Lights wanted at $11.25. Cements are well supported at 11.45 and "Ropes sold at $340, Dairy Farms have risen to $25 on substantial investment buying. Watsons sold at $4.45, and are wanted further at $4.50. The pre- Binary Agures of the Ewo Cot- ton Co. for 1836 are announced. The profits amount to Sh.$1,100,- 009. and a dividend of 60 cts per share is announced. This “appears to have disappointed the market, for the shares have receded to Sh$19.50 cuin.
Hotels, on the aforementioned dividend announcement were in keen demand from $5.75 up to $0.15 and close strong buyers at the higher Fate. A large parcel of Lands was taken at $35 and subsequently shares were wanted at $38. Humphreys have improved to $9 and Realtys to $4.90. (as as the bulk of the Realty Co.'s capital is in local stocks, these last look cheap).
On demand
Bank Buying
B SILVER, par o
Paiping
San Fran- Kusha "cisco
Lumpur Bhanghai London Singapore Lyons Bourabaya
Sungei
Foochow Malacca
Haiphong Manila. Patani Hamburg Muar
Hongkow
Current
Tientsin"
(Johor) Tokyo
Tsingtao
New York Yokohama
CURRENT ÀCCoCats opened and FLIED DEPOSITS received for. On Year or aborter perioda at rater! which will be quoted on applica tion.
The Bank's Head Offles in Lob- don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained så any of the Agencies and Branches.
A. BREARLEY,
Manager.
Accounts opened in Local Currency and Fixed Deposits 30 13/13 received fox one year or shorter,
1/23/2
Rubber Stocks For Last Year
The total consumption of rubber outside the producing countries 13 given as 1,013,121 tons in the lat- est issue of the IRRC, but the United Kingdom is credited with a consumption of only 79,048 tons, this being the "calculated con- sumption," namely the nett im- perts adjusted for changes in Lon- den and Liverpool stocks.
The actual declared consumption compiled from the manufacturers own returns works out at 99,708
tona, state Messrs Symington and Wilson in their market report, so that a figure of 20,680 tons must be added to the consumption ar- rived at in the table giving a total consumption of 1,033,781 tons. The comparative gure for 1935 works out at 034,155 tons, making a total increase of 99,624 tons.
The increase in consumption in the USA. amounts to 31,040 tons, that in the United Kingdom to 4727 tons and that in other coun- tries to 13,859 tons. Probably the actual consumption in other coun- tries was rather more than ap- pears in the Agures. Recent urgent purchases by Continental countries would seem to show that stocks there have been exhausted.
WORLD STOCKS
periods in Local Currency and Sterling on terms which will be quoted on application:
Also up to date Safe Deposit Boxes in various size To Let. Hong Kong, 1st March, 1937.
Am
ments from Malaya for the month of January which are on the small HONG KONG SAVINGS BANK side partly no doubt owing to the shortage of freight space. The THE Business of the above total is about what was expected Bank is conducted by the and the publication of these figures | had no effect on the market which continues to be dominated by the | labour troubles in America,
American Strike Situation "The latest news from America is that the Courts have granted an junction against the alt-down stri-
in-
kers in those factories belonging to General Motors which they at pre- sent occupy. The State Militia has been employed to guard the fac- tories and according to the news they are preventing
any food other aupplies being ken to the strikers inside. There
or
ta-
have been small sit-down strikes
KONG & SHANGHAI HONG BANKING CORPORATION. Rules may be obtained on application.
For the Hong Kong & SHANGHAI
BANKING CORPORATION..
V. M. GRAYBURN,
Chief Manager. Hong Kong, ist March, 1937.
THE AMERICAN EXPRESS CO., INC
Inserpura with Limited Liability la UB.A,
THE CHASE BANK
QUEEN'S ROAD CENTRAL
HEAD OFFIOR:
18, P STREET,
NEW YORK.
An American Bank offering com
plets Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
SAFE DEPOSIT BOXES
14
This Bank is entirely owned by
THE CHAR NATIONAL BABE, NIW Yonk, with Resources over U.S. $2,027,000,000,00
D. M. BIGGAB
Manager.
THE TOKOHAMA SPECIE - BANK
LIMITED
Capital (fully paid up):
Yan 100,000,000 00 Reserve Fund Yen 180,900,000.00
in some of the tyre factories but Head Office: 86 BROADWAT, NEW YORK Alexandria Honolulu Bangoon
two of these were settled almost at
HEAD CINTOR:-FOTOHAMA
BRANCHES AND AGENCIES AT:
Bio do Bangkok Hainking Batavia Karachi Janeiro U.B.$8,000,000.00
Berlin Ipbe UJ.B.88,240,344.39
San Burplük
London Francisco Reserves ............ U.8.8 897,012.00 Bombay
Calcutta Los AngelesSeattle Amsterdam The Hague Montreux
Osaton Manila Semarang Antwerp Hamburg Munich
Shanghai Dairen Moji HLVEDE Atheas
Naples Basla Havre Nice Berlin Heidelberg Paris
ance. A fresh one is reported Capital in one of the Goodyear plants,
While the business of General Motors is necessarily much re- duced, the other motor manufac- turing concerns are reported to be exceptionally busy.
"Malayan Shipments
Wharfs were taken at $111- and have further keen buyers, Docks have risen to $23 cum and Pro- videnta (old) are now active at $1.85 bid. These should go better..
The Malayan Information Agency Douglas are $33.50 ar Steam-
of gross figures boats $9. buyers.
published the Hong Kong
from Malaya for Banks have met with good sup-
shipments January which amounted to 41,571 port up to $1880 ex and Unions to $827. Sales of Hong Kong Fires
tons. The figures. of imports are not yet to hand so it is not possible were elected at $299 and Cantons
to calculate the quantity of Mala- at $310. Bank of East Asta are wanted at $90.
Fan produce contained in these shipments, but average monthly importa during 1936, came out at about 14,000 tons per month,
Philippine Mining. Only small business has been possible, for the market has been narrow, with the tendency continuing downward. Consolidated Mines were dealt in atcts. and East Mindanao at Demonstrations sold at 80 cents. $1.52 cum a one centavo Interim dividend. San Mauricios are now $4.80 and Buyocs 70 cta
Hong Kong Closing Comment, market strong and active, with trading brisker than for a long time past.
Manila. Easy throughout" the week, but closes steadler.
Ewo Cottons, Bh$15.40. S'hai Cottons (old), 8h.$102. Shai Cottona (new), Sh.377; Constructions (new), 423 cts. Vibro Piling $6.40.
SELLERS Wallace Harpers, $4.
SALES
Hong Kong Banks, $1860. Union Insurances, $827/625. H. K. Docks, $223/23. [ H. K. Hotela, $8.15/8:20.
H. K Lands, $35/35.60.
H. K. Trams, $13.35/13.80. Star Ferries. $86.
Onina Lights (new), $11. China Lights (old) $39,60,
H. K. Electrics, $80. ́ Telephones (old), $30, Telephones (new), $111. Cements, $11.45.
Dairy Farms, $24.90/25. Vibro Piling, $81..
As regards world stocks Messrs. Symington arid. Wilson state: In the table printed in our Report last week we showed stocks at the six principal points outside the re- gulated area at the end of Decem- ber, 1936, with a total of 453.789 tona From the LR.R.C. Bulletin we see that we put the Afloat 5.000 tons too low. We fell into this error because, for some reason which we do not yet understand, "shipments tron French-Indo-China for the month of December, were
over 8,000 tons against an average - for the previous eleven months of un- der 3,000 tons.
From the Bulletin we further see that stocks in the hands of British manufacturers, including a small adjustment in the end September at end December, agure-were 7,077 tons lower than the figure used in our table.
To correct these two Items one 'must deduct 2,077 toris from our total which brings it to 451,712 tons making the decline in stocks on the twelve months 171,424 tons.
The following are further tracts from the report:,
ex-
There have only been slight auctuations in price aince our last Report. The lowest price at which business was done In Ribbed Smoked Sheet during the period was 10ld done on Thursday, and the highest 10jd, done on Monday. There has been a moderate trade demand and a certain amount of short covering but otherwise the Market has been inactive and prices have been inclined to droop The buyer's price of Standard Sheet on the spot at the time of writing is 101d. per ib. and prices
show no change on the week.
Shipments From Malaya Below are given figures of ship.
09
Bombay Brussels
Cairo
Calcutta Садлев
Interlaken Peiping
(Dalny) Nagasaki Singapors Fengtien
Nagoya Sourabaya
Hankow Otaru
(Makden) New York Sydney
Hamburg Otäkä
Tientsin
Tokyo
Harbin Parfa
Trinigtan
Hong KongPaiping
Yinkow
Jerusalem Piraeus Liverpool Rome London Botterdam Lugano Shanghai Lucerne Singapore Copenhagen Luxor
Bouthampton counts.
Colomba
Dublin Manila Tientsin Edinburgh Mársailles Vonica
Florence Milni Vienos Geneva Monte Yokohama Genos
Carlo Zurich Glasgow Montreal
Branches of American Express
that, it is unlikely that the ship- Company in Principal Cities of uents of Malayan produce for
United States of America' and January amounted to more than Ganada, 30,000 tons against a permissible exportable amount of 36,812 tons.
Of the gross shipments 3,430 tons (December 2,683 tons) come to the United Kingdom. 22,469 tons (21,- 405 tons) go to the USA, 9,781 túna (5,602 tons) to the Continent of Europe, 3,445 tons (6,629 tons) to Japan, 1,318 tons (1,336 tons) to Britian Possessions and 1,179 tons (1,094 tons) to other countries.
All classes of Commercial Bank- ing Transactions undertaken, w
Personal investment handled.
accounts
The Company offers to intending travellers the use of its "Travelers Cheques" and Letters of Credit and, in addition the world wide services of its thoroughly equipped Traval Department
E. W. DUGGAN, Manager.
PHILIPPINE MINING
NEWS
O. E. Hart, president of the Quartz Hi Mining Company, an- nounced that Quartz Hill has taken over the North Star Syndicate pro- perty for exploration and develop ment under a contract whereby Quartz-Bill will share profits with the North Star Syndicate on a fifty-fifty basis.
Interest allowed on Current Ac
Fixed Deposite received for Perioda at ratës to be obtained on application..
Y. KANO,
Manager. Hong Kong, 18th Nov., 1938.
BANK OF EAST ASIA, LIMITED,
V
Authorised Capital ...$10,000,000.00 - Faid-up Capital
45,508,800.00 Reserve and Undivided
Profits
9,035, 385.FA
HRAD Onion: --Hord Kord No. 10, Des Vaux Road, Central
Board of Directors
Bir Shouton Chow, Chairman v
14
Li Koon Chun, Esq. Li Lan Sang, Baq.” F. K. Kwok, kaq. WongChußon, Esq. Wong YunTung, Bag: Kan Ying Fo, Esq. Chan Ching Shok, Esq.
Kan Tong Po, Eaq, Chit Manager. Li The Fong, Esq., Hanager.
Branches and Agenesas,
Apoy Bagayin Bombay
Estpbour
Forblula Park
Decks
·Shangha Papingjow, Angapuri
DD
consulting engineer, will be in charge of both properties.
Considerable development work wakow on the North Star Syndicate claims
Beating has been done, and the encourag ing results led to the Quartz Hill Every description contract. Mr. Hopkins has already and Exchange busineis traalfated. beran further prospecting and de-anted velopment, it being reported that foodrities higher values are strongly indicat-Markent bounts
The property comprises 60 lode Local Ong mineral claims, incl
"On the adjoining Quartz Hill | wöftigu property, during December, several beau new structures were discovered, the Ekdays being consistently encourag
The North Star Byndicate pro- pérty is adjacent on the north to the quarts Hill property. These properties are reached from kilo metre 53 north of Bagulo on the Bontoc Toad.
James Hopkins, Quartz: HOÏ's | ing,
posits
。
approved
Do
or
and
of atma hich Appliganga.
TONG PO Chief Manzges."'
No comments yet.
Private notes are available after approval.