1937-03-16 — Page 12

1628

$19.85

M. T. Johnson, Esq.

J. K. Bousfeld, Esq., A. E. Compton, Esq., Hon. Mr. S. H. Dodwell,

Deputy Chairman.

J. R. Mason, Eng

Hon. Mr. J. J. Paterson,

4. L Shield, Eaq..

BATAVIA BOMBAY PALCUTTA KUALA

CANTON LUMPUR

CAWNPURS

CEDU COLOMBO * DELHI HAIPHONG HAMBGED

HANKOW, HARDIN

BOURABAYA

TAIPING TIENTSIN TONGKAR

TOKOHAMA

(Peking) SAMBOANGA

FIRANG

HONG RONG BARdoa

15th March, 1037

13th Mar.

Closing Rates

Time Received

B 5. 9.43 9.43

*233)

2101

A atamaks

-1.40 1.35 1.45 1.40.

394

Atoka

391

30

42 391

$310

Baguio Gold

254

Unquoted

244

1897

$295

Benguet Explor........... 14 20

15 18

Big Wedge...

... 25

25 26

Coco Grove ***

38

36 60

$10

Connol Mines

.039

,038

,040

· ⌘ | སྐྱ

26

030

"Damonstrations

86

38

88"

*38

E. Mindanao

301

- 30

148/9

ed

$10

G. Goldfields

23!

20

Itogons

1.30 1.38 1.30

::

21/

iii

I. X. L

1.35

1.30

1.40

* d

$13,50

Masbates

་་

41

41

#7

Mia. Resources

35

34

Northern Mining

19

111

#111

Paracale Gumzus...

60.59

'59.

1

San Mauricio

2.03

2.50 2.60

Suyou Consol

30

37

40

United Paracales.

94

92...

96

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Busca

Sale Haller

NAA04)

$1660]

F::ཐཱི༔ཙྪིཾ སྒྲོ།:ii ཏཾ རྣ

Sharebrokers' Association

Buyers

MONDAY. MARCH. 15.

Balka

H.K. Banks

Bu (London) ****

lb Chartered Banks...

£33

£152

Mercantile Bis. "A"

Do.

Hank of East Asia.....) 195

N, O. & S. Barks ...

Insurances

£116

1:

3340

Cançon Lilantál) Jos, Union AnmurBUQON ...

90 ots. Underwrites

$1.00

1205

$41

International desov, 3, Shipping

135

$101

Bscamboats

$30

Indos (pret)

Do. (del)

24 20

$1,8BU

£118

216)

HONG KONG DAILY PRESS. TUESDAY, MARCH 16, 1937. H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS' ASSOCIATION

Philippine Gold Mining Quotations

Benguet Consol 13.75 14.00 13.50 1375

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Issued & Fully Paid-Up $20,000,000

.041

K. S. Morrison, Esq,

T. E. Pearce, Esq....

24+

1.30

1.35

V. M. Grayburn, Esq.,

Chief Manager.

1:40.

Branches:

48

Amoy

lioilo

Bangkok

Ipoh

Batavia

Jobore

Penang Rangoon

Bombay

Kobe

Saigon

Calcutta

Kowloon

Canton

Kvata

37

Chefoo

13

04

Colombo

AUSTRALIA AND CHINA Incorporated by Boyal Charter, 1859

HEAD OFFICE: LONDON........

£3.000.000

Paid-up Capital. Reserve Fund

cornusġi kan... £3.000.000. Resorve Llablity of Pro-

priators.....

Agencies and Brauches-

£3.000.000

SAIGON

મા

KUCHING

MADRAS

MANILA

MEDAN

(Bhuket)

NEW YORK

TSINGTAO

FEIDING

Authorised Capital

850,000,000

Reserve Funds:-

Sterling

£ 6,300,000

Hong Kong Currency

Reserve

..$10,000,000

Reserve Liability of

Proprietors

..$20,000,000

clos.

clos.

0.48 10.05 10.22 10.35 1030 1.00 2.35 2.48 3.04 3.28 3.52

Head Office:-HONG KONG

Board of Directors.

ALOR STAR

ILOILO AMBATSAN IPOE

SEMARANG

BANGKOK KARAGEI

SEREMBAN

བྷཱུ } } [ { } ,, 」 } ! !| gམྦྷ ཱ

1 T

19

G. Miskin, Esq.,

KLANG

BHANGHAI

40+

Chairman.

коре

SINGAPORE

SITIAWAN

1:15

[111

245

36

66

36

90"

91

92

#104

33

Market Comment.

S

S. S

8

Eier S

S

· S

S S

ន

ន

Minu

H.

K. STOCK

f

EXCHANGE

$105

YESTERDAY'S

OFFICIAL QUOTATIONS

Brisk conditions obtained during the day and a fair volume of shares changed hands at advancing prices. Market, closed firm.

The Manlia market opened and remained steady, closing quota-

tions showing a slight movement

in favour of holders,

BUYERS

Unions Insurances $628

H. K. Fire Insurances $205

Douglaes $35

H. K. Warves $111

Providents (Old) $2.03

Milan

Copenhagen

Stockholm Shanghai New York Amsterdam

Vienna

Bombay

· Montreal

Paris

Geneva

Berlin

Athens

Мат. 11.

106-9/16 21.42 12.14)

12.141

92-25/32

92-13/16.

1/2-17/33 4.881

8.03-15/15

4.88-19/32 8.93/7

31106

$20

148/0 Shella

$10

20/6

18

120 2+

$3

Waterboats

"Mining

Kailansk

Venozuola Gold Fide.

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves

Providents, (old)

Do. (new) 12

H.K. W. Docks Shangani Docks S.

New Engineerings. Lands, llatels, and

Bui dings

H.K. Hotels

#2

$30

29/30

$124

$35

*Bh

ej

33

...

1314-

#105

D4 Debentures

+10

Shanghai Laudh.......S.

$1.

www

34

China Donati

100

$9

376

15.65

$115 $20

Métropolitan Lands..

H.K. Renities......... $5.00

Do. Debentures 5.)

Humphreys

Chinese Estates...

Cotton M

$15.35 Ewos

S'ha Cottons(old)S.)

Wing On Textilen(8.)

Tramways unus

:

Do.

(Dow

$8,

+31

Zooug Sings.

$30

144

351

Pabllo Vitlam

$14.30

$14.40

3142

14.30/36

Pak Tram (old)...

241

Do.

(new)

..2

1881 110

Bar Ferries are

188

+

-3102 $11.10

China Lights (old)...

14.20

Do.

(Dew)...

$1.00

1572

$20

H.K. Electrics | Macao do..

I d

$58

3291

$11.85

3261

42jcts.

161

THE

ཝཾ། ཝེ།

Yaunati Ferries ...$5

$11.30 Sandakan Lights.....

H

<87/6

25/-

Telephones (old) .....!

Do. (new)

China Buss......8.

Tractions

Do. (prof.)...]

Industrials

$15 Caldbeck, Lord.) 9.

$17

Macgregors pref.)8.)

Canton Ices

Coments

Koper

Miscellaneous

123/13).10

H. K. Docks $30

$11.80

Raubs $12.85

HK. Hotels '$6.6

H. H. Lands $35

S $

LONDON EXCHANGE RATES

(British Wireless" Service)

Mar 13. 108-7/16 21.45

Prague

Madrid

Lisbon

Hong Kong

4.881

Brussels

28.99$

4.89-7/16 28.991

Yokohama

Belgrade

Monte Video

Rio

Bucharest

Silver (Forward)

20+

201

201 20-11/16

31% 1011

H. K. Reitles $55

H. K. Trams $14.40

Peak Trams (Old) $4ł

H. K. Electrics $58

Telephones (Old), $293

Telephones (New) 311,85 Cements $13.40

H. K. Rope $3.90

Silver (Spot).............

War Loan

On LONDON!~~

Closing Quotations

March 16, 143.

ON NEW YORK:-

Dairy Farma $254

Watsons $490

Lane, Crawfords $63

$1.70

$13.

$13,20

$34

Dairy Farrux..

Ji

Ht

Ch. E'tainment...... $4.10

$1.50

Constructions, (old)

$1,00

Do.

(new)

Lane Crawford.......

17jota.

361

Nanyang Tobacco.. 35

Bingeres

32.10

$4,80

Watsons marmori) $4,50

3. G. Enterprises ...

$1

96

Ch.0.62,19250.Bde.

prom

32

FLK. 069 42 Loans)

$108

pr m. 1%

3101

164

SALES

731

H. K. Wharves $111

H. K. Realties $54

TAR

Providents (Old) $2.05

܊ ܃ ܊ ܊ ܃ ܃

$6,40

Do.

Wallace Harper

BLK Wing On B'ha! Do Vibro Piling

Sales to Shanghai

PHILIPPINE MINING

NEWS

The Itogon Mining Company, Balatoe

ww

Mining Company made a net profit of P9$1,676.40 | develop ore of a suficient grade to during 1935, the annual report of increase materially the ore values the company, released recently, for the year 1937.

Upon completion of the expan- reveals. Itogon mined and milled 170.172.5 tons of ore and production programme, Itogon should be ed P2,823,543.48 in gold. and sliver. free from any extensive capital The average mill head was P18.95 construction charges for several per ton, the overall extraction was 'years to come, the only 'capital 87.4 per cent with a net recovery expense involved being that of of P15.59 per ton. (figures. given mine development. This factor, are based on gold at P70 per ton). the report states, combined with During 1836 the mill capacity the much greater production re- was increased to 16,000 tons per sulting from the high tonnage month. An additional plant is and the lower cost per ton avail- being, installed, and is about 75 able with the increased capacity, per cent complete to increase the leads to the expectation that plant capacity to 1,000 tons per most excellent showing will be nade in 1937 and in years to day, or 30.000 tons per month.

All of the extra costs entailed come.

by these additions are being met

Itogon paid dividends in 1936

out of pronte, and the sight re-amounting to 30 per cent, or duction of two and one-half per P597,168.30.

cent in the divided paid for 1938

is due to this fact.

:

TRAMWAY'S

DIVIDEND

DECLARED

A substantial addition has been made to ore reserves, It is estim- ated that Itogon has an ore re- serve to the 500. level horizon of

At a meeting, of the board of 800.000 tons of an average valué of P18.28 per ton for a total value directors of the Shanghal Electric of P14,808,000 Engineers of Mars Construction Co., Ltd., states the man and Company, managers of North-China-Dally-News," it was Itogon, anticipate that during 1937 decided to recommend payment development work below the 500 of a final dividend at the rate of level will add most substantially nine per cent. for the year 1936.. to this reserve, and that develop at the net annual general meeting ment particularly in the western of shareholders to be held in section near the end line with the Shanghai on April 14.

S'hal Cottons (Old) Sh. $115 S'hai Cottons (New) Sh. 390 Constructions (New) 424 cts. Vibro Piling $7.00

SELLERS

Providents (Old) $2.10

H. K. Hotels $6.70

H. K. Lands $354/35+

H. K. Docka $30

E. K. Trams $14)

China Lights (Old) $144

China Lights (New) $11.10 FL K. Electrics $58/581' Telephones (New) $12 Cements $13

HK. SHAREBROKERS' ASSOCIATION

BUYERS

Bank of E. Asla, $85. Canton. Ins., $310. Underwrites, 90 ct. HK Fires CD, $295. Douglases, $35. Providents (Old), $2.05. Providents (New), 12 cts. Hotels CD, $6.80. Lands, XD, $35. Trams, $14.

Star Ferries, $88. Y. Ferries, $254. China Lights (Old), $14. Telephones (Old), $29.90 Cements, $13.30. Ropes, $3.80.

Entertainments, $4.30. Lane. Crawfords, $7.

...Watsons, $5.

Atoks, 65 cts...

Coco "Grove, 95 ets. Paracale Gumaus. 95 cts.

SELLERS

Hotels, $8.70.

* BALES" H.K. Docks CD, $30. Trams, 3147;

Chilna Lights (Old), $14.10, China Lights (New), $iił, Electrics, 3534 Telephones (New), $12. Atoks, 66.cts..

Coco Grove, 95 cts, Paracale Gumaus, 95 cta.

ON SHANGHAI :—

On Demand

Telegraphic Transfer... 11/2

Bank Billa, on demand 30 3/16 Credits, 80 days'. sight. 30 9/18-

ON BATAVIA:-

Bank Bills, on demand Oredits. four months'

17/32

On deniand

64%

ON PARIB:-

night

1/3 1/32

Bank Bills, on demand 658

Credits, 4 month's sight 600

1011

OS SAIGON: ---

On demand

BOR

52$

OF MANILA:-

On demand

60 3/18

ON BANGKOK-

100

Jsit

ON SINGAPORE:-

On demand

On JAPAN

On demand

ON INDIA:-

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

EXTRA MANILA - CLOSING QUOTATIONS

Hong Kong. Mar. 19. Extra Mania closing quotations Agures kindly supplied by Messrs. Ells and Edgar.

1.th.

p.m.

*

Associated Mixes Acoje Mining

009

.009

.19

.39

Angelo

Dulon

.135 .155

.14

Gold Creek Ipe Gold Gold River

Ung. .265 27 .075- .08 115 12

Mother Lode:

Paracale Gold

22

.24

Balacot

.06

Batong Buhay

102

.02

Universal Expl.

.34

.36

Bued

.28

31

Dayaka

225

31

241

Crown Mines

.185

.194

Mambulao

141

.41

Syndicate Invest.

.115

..114

Tinago

21

.21

07:

Santa Rosa Mine Operations

07 Unq Quiet Steady

Tung Koon Chamber Of Commerce

On demand................ 1497 SOVEREIGNS Back Buying

Rate

1/231/32

BAR SILVER, pee on .... SO 11/18

Paiping

San Fran-

cisco

Lumpar Shanghai London Singapore Dairen Lyons Sourabaya Foochow Malacoa Sungei

Haiphong Manila Patani Hamburg Muar. Tientsin Hankow (Johore) Tokyo Harbin Mukden Tsingtao" Hongkow New York Yokohama

"

FOREIGN EXCHANGm and General Banking Business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Od Year or

shorter periods at ráter which will be quoted on applica-, tion.

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

A. BEEARLEY,

Manager.

Current Accounta opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency and is. Sterling on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let Hong Kong, ist March, 1937.

HONG KONG SAVINGS BANK

THE Business of the above

Bank is conducted by the

THE CHASE- BANK QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com

plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

HONG KONG SHANGHAI This Bank is entirely owned by

BANKING CORPORATION. Rules

may be obtained on application.

For the Hong Kong & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1937.

BANK OF EAST ASIA, LIMITED.

Authorised Capital $10,000,000.00 Paid-up Capital 5,598,000.00 Reserve and Undivided

Profita .............. 2,685,395.59

HUD ON:-Hone Koso No. 10, Des Vaux Road, Central,

Board of Directors =

Sir Shonson Chow, Chairman Li Koon Chun, Esq. Lan Sang, Esq.

P. K. Kwok, Eag. Wong ChuSon, Esq. Wong Yun'Tong, Esq. Kan Ying Fu, Esq. Chan Ching Shek, Esq.

1:

Kan Tong Fo, Esq, Chief Manager. Li Tse Fong, Esq., Manager.

!SORRY

Branches and Agencies ;-

Kowloon Pesang

London Reagon Briton Manila Balgon Bynday Melbourne Ben Fran -Bageki

race Tintai

Tokyo New York actie

Bataria

Bombay

RISING WORLD RAYON Haiphong

PRODUCTION

Calcutta Clayton

Bankow Elanotala Kobe

Clacka Paris

Semarang

Yancouver Bingha Yokohama

Priping Bingapore

Accounts

and

spproved

Current

opened in Local Currency and Fixed De posita received for one year of shorter periods in Local Foreign Currencies on terms which will be noted on application.

Aafe Deposit Boxes To Let ·

KAN TONG PO,

Orict Manayes

THE CHASE NATIONAL BANK, NI Yone, with Resources over U.S. $2,027,000,000,00

DM BIGGAR,

Manager.

THE YOKOHAMA SPECIE BANE

LIMITED

Capital (fully paid up)

Yen 100,000,000 98 Reserve Fund. Yen 132,050,000.00

HEAD OFFICE:➡YOKOHAMA

BEANCHES AND AGÈNOTES AT: Alexandria Honolulu Eangoon Bangkok Heinking Rio do Karachi

.. aneiro

San

Francisco

Los Angeles Seattle

Batavia

Berlia

Bombay

Kobe London

Calcutta

Canton Dairen

Moji

(Delay) Nagasaki

Manila Semarang

Fengtion Nagoya

(Mukilen) New · York

Hamburg Osaka

Hankow Otaru Harbin Parin"

Shanghai

Singapore

Soerabaya"

Sydney

Tientsin Tokyo

Tsingtao

Hong KongPeiping Xinkow

Intercet allowed on Current Ar counts.

Fixed

Deposits received for Perioda at rater to be obtained on application,

Y. KANO,

Manager.

COMPANY DIVIDENDS

We have been officially inform- ed that subject to audit, the Directors of the British Traders Insurance Co., Ltd., will recom mend the payment of a dividend of 75. per share for the year end- ed December 21, 1938.

Preliminary estimates of world Evely description of Banking Hong Kong, 10th March, 1937. production of rayon (excluding and Exchange business transacted.

on glanted waste and staple fibre) in 1936 Loan show a record total of 1,022,985,000 securitica lb., against 930,860,000 ib: in 1935 says the "Financial News." First place is taken by Japan with 285, 000,000 16. against 220,000,000 lb. USA, production, which in later months of the year was only IS- stricted - by the capacity of the plants, totalled 278,000,000 lb. against 257,600,000 Ib. Third place was agairi taken by Britain' with 116,800,000 lb. against 111,800,000 16. Germany is estimated to have produced 112,000,000 16.. against 104,000,000 lb.

Froduction of staple fibre . 18 estimated at approximately 280,- 000,000 fb., against · 137,000,000,` 16, In 1935. The chief producers in order of importance are Italy, Germany, Japan and Britain, while farge quantities are now also produced in France and the US.A.

RUSSIA'S GOLD RESERVES

At a meeting of the Chamber of Commerce and Industry of the Tung Koon District held last

Moscow, March 14. week, the Hon. Mr. T. N. Chou The Soviet Union's gold reserves was re-elected chairman and Mr. are now the highest in the world Lau King-tzing vice-chairman. barring the United States, it la These two gentlemen had held stated officially to-day. The exact their respective offices for many figure is not given but officials years. Mr. Chau Cheong-nin was state that it exceeds £1,400,000 also elected vice-chairman of the 000 Chamber.

Beuter.

JAPANESE CONTROL

* OVER TRADE "

Bill To Be Submitted To

Diet For Approval

A comprehensive bill, providing for the strengthening of state control over trade, will shortly be submitted to the Japanese Diet for approval

The China Fire Insurance Com- pany" Ltd, state that subject to the same conditions, a dividend of $12 per share and a bonus divi- dend of $6 per share for the year' ended December 31, 1938 will be declared.

SINGAPORE RAW RUBBER

B. b. JOSEPH & Co.

Hong Kong, Mar. 15.

Messrs H. B. Joseph & Co., xe- The measure will place the received the following quotations ponsibility for restricting the flow from Singapore in Straits Currency of imports or exports upon the Committee. Tariff Investigation Hitherto, this control was exer cised under the terms of the Trade

for Raw Rubber:

Bpot -April-June Safeguarding Law, the invocation July-Sept in the past two years of which Det.-Dec. has invariably been followed by Market:Qulet. foretan commercial retallation

Buyers

387 Unchanged

$94 Down. &•

39 Down i

39+ Down i

manu-

The bill will also provide for the creation of a special committee, tween the latter and whose task it will be to adjust the facturers confict of interests between im- The measure wil remain porters and exporters, and be force for are years