1937-03-22 — Page 12

MONDAY, MARCH 22, 1937.

LONDON EXCHANGE RATES

(British Wireless Service)

Mar. 18.

106-7/18

Faris

31.45%

Geneva de ski qayden Berlin

12.144

March 20 100-25/64 21.45 12.14]

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:-

AUSTRALIA AND CHINA Incorporated by Royal Charior, 1857

HEAD OFFICE LONDON.

:1

Sterling

..£6,500,000

Athens.....

02-13/16

92-13/16

Hong Kong Currency

Paid-up Capital.....

23.000.000

Milan

Reserve

$10,000,000

serve Fund....

£3.000.040

Reserve Liability of Pro-

Copenhagen

Reserve Liability of

prietors

Stockholm

Proprietors

20,000,000

£3.000.000

Shanghai

"New York

4.88-11/16 8.937

4.88) 8.921

Head Omica:-HONG KONG

Agencies and Branches-

ALOR STAR ILOILO

BALGON

Amsterdam

AMRITSAR ПРОН

BEMARANG

Vierina

Board of Directora.

BANGKOK

KARACHI

SEREMBAN

1401

Praguć

G. Miskin, Esq.,

BATAY LA

Madrid

Chairman.

BOMBAY

Lisbon

M. T. Johnson, Esq.,

KLANO FOLL SALOUTTA KUALA

BHANGHAI

SINGAPORE

PMITIAWAN

*

Hong Kong

Deputy Chairman. CANTON

LUMPUR NOURABAYA

Bombay

J. K. Bousfield, Esq.,

CAWNPORE KUCHING

TAIPING

4.881

29.00

Montreal

A. H. Compton, Esq.,

MADRAS

29.01

4.98

Hon Mr. S. H. Dodwell,

COLOMBO

MANILA

TIENTSIN TUNGKAR

J. R. Masson, Esq.,

DELHL

E. S. Morrison, Esq.,

HAIPHONG

MEDAN NEW YORK

(Bhuket)

TEINGTAO

Hon. Mr. J. J. Paterson,

HAMBURG

PRIPING

YOKOHAMA

T. E. Pearce, Esq.,

A. L. Shields, Esq.,'

201

201

20-9/3 20-9/18

Y. M. Grayburn, Esq.,

Chief Manager.

34% 1021

Closing Quotations

Amoy

Bangkok

Branches:- noilo Ipoh

Peiping

Pooopg

March 20, 1937.

ON New York:~

Batavia

Johore.

Rangoon

Bank Billa, on demand 30 9/16

Bombay

Kobe

Saigon

.h.

On LONDON:--

Telegraphic Transfer... 11/2 Bank Bills, on demand ƒ 27/32 Credits. four months'

sight.

1/3 1/32

ין

Credits, 60 days' sight. 30 0/10

Calcutta

ON BATAVIA

Canton ..

Kowloon Kusta

. On demand

847

Chefoo

ON PARIE:-en

Colombo

Bank Bills, on demand 857 "Credits, 4 month's sight 687

Dairen

Lyons.

On Demand

1011

ON SAIGON:----

ON SINGAPORE: --

On demand

66 9/16

Hamburg Muar

Haiphong Manila

On demand

529

ON MANILA :----

Hankow

(Johore) Tokyo

Un demand

Harbin

Mukden

Tsingtao

San Fran

cisco

Lumpur Shanghai London Singapore

Sourabaya

Foochow Malacos Sungei

Pataui Tientsin

(Peking)

FINANG

HỒNG" TRONG BĂNGOON

FORSION EXCHANUS and Generzi Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPONITs received for On Year or shorter periods at rater 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 at any of the Agencies and Branches.

A BREARLEY,

Manager,

HANKOW

SAMBOANGA

EAESIN

وب

On JAPAN:-

ON BANGKOK : ---.

On demand

100

On demand

O

INDIA:-

Bank" Buying

Telegraphic Transfor...

Bank, on demand..........

Jati

1493

1/23 /32 101

Current

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers'

Association

Cayma

Eplianc

*alok

SATURDAY, MARCH, 20.

#yor

Sellers

Bumla.

91 660 $1,860

$310

13.20

1630

1630

$1.15

***

Llanks

H.K. Banks

Mercantile His "

Do

U"

Bank

of East Bata...

HONG KONG DAILY PRESS;

THE SHARE

MARKET

Harriman's Weekly

Saturday, March 20, Messrs. GA Harriman & Co's. weekly share report aid market review issued at Hoon to-day

*

£116

£15

a. (London) ... Chartered Banks....

31,200 states:-

kite

£331

£15]

2107 233) 215)

185

121

Canton lugamaucon,.

$313

Union InsarABOMI .....

e d

123

Underwriters

443

$280

2

N. C. & S. Backs ...

Insurances

H.K. Firas restes International Ansos, S.

smoplag

፧

e d

"

الد

$36

-

Douglases |

$284

517

Steamboa

1112 111

13:

Indus (pref.)

$26

Do. (def.)

1344

Shella)..............?

$35 -38 137/8

ዝ!

Waternouts

Mining

19/6

Kailas

Exubx

$13

Venezuela Buid Fl

38.10

Docks, Wharves, Godowns, etc.

331

پور

H.K. & K. Whartes.

19.0

ת!

7114

12.20.30

Providents (okl}

$9.20

9.30

20' et

Do.

(now)

H.K. & W. Docks

$109

Shangani Docks S.

12.20/10

(20 sta

313 #10.

$31

New Engineerings,

+3

37.30 336

$7.35 $7.40/30

$38

836

F105

*10

81

16.90

$4

160

18

$78

你

732

736

Lands, Hotels, and

Buldings

H.K. Hotely

$1.K Tanus..........

U. 4% Dobentures $10

Shanghai Landa...8.

Metropolitan Lands..

H.E. Realties.******

China Do.........................) Do. Debentures, Humphrys ***zatı

Chincse Estates..............

Colton Mills

Ewo......$.

S'hat Coltons(old)S.

Do.

The week just concluded has been a most active one with trading brisk at rapidly advan- cing rates in a market reminis- cent of the "good old days" of a few years ago. At closing, busi- ness is more subdued, due to some profit taking and March-

Manila Settlement adjustments, ruled steadier until mid-day Fri- when quotations dropped day, sharply owing to the announce ment of the United States grant- ing Philippine Independence in 1938 or 1939.

Hong Kong titles were. usual, well supported and a very large business was done in the market favourites. Hong Kong Electrics sold up to $59.- ex divi- dend. Trams touchced $15.40 (a rise of a dollar on the week). They close however at $15-$15.25. China Lights rose to $15.20, but now offer nt $14.75. The new' had sales at $11.70. Star Ferries made $89 and Yaumatis $28. Telephones (old) sold up to $30 and the new at $12 and $12.20 closing. Singapore Traction ords have buyers at 26/-.

Cements were in active demand and large numbers of shares were taken up to $15.10. Ropes. also

Brussels

Yokohama

Belgrade

Monte Video

Rio

Bucharest

Silver (Forward),

Silver (Spot) War Loan

Os SHANGHAI:-

$18.30 $118

SP3

==

Public Ulities

Tramways.

$5.95

were actively dealt in $3.75 &z $4.80,

:

81

480

between

Dairy Farms reached $274 cum. and on the excellent report look a good investent purchase on any reaction. Watsons were keenly enquired for up to $5 and Lane Crawford spurted sharply to $9.00

Ewas took sharp rise to Sh$16). with Shanghai in the market as. $15.30 buyers.

Vibro Piling are wanted at $7 and Constructions (new) at 45 cts. $28 Large parcels of Hotels were $15.10 bought for cash up to $7.40 cum, 11.30 dividend.

and the aubstantial

10.LD

$115

news

Zoong Sings

230

sales..

144

Wing On Textiles(8.1)

162

$15

$16.20 15.2715

Poak Telins (old)...

:41

#

Do. (new)...

.9

1881

સફ

Star Formos

$5

Yaunati Forries....

$14.80

Chins Lights (old)...

$11.70

Du." (new)...

568

109

A.K. Electrica ......

$20

Mac do.

Sandakan Lighiti .....

4301

,,:30

Telophontes (old)... |

$12.10

Do.

(new)...

17.10

8121

$91

China Busus

8.

27/6

Tractions

26/

227/-

Do. prely.

Industriala

$16

Caldbeck, or th

#17

Maggregoif(pret.B.

32

Canton Iceя

#14.60) $14.85) 14.59/||

$4,00

387

$1.00

45 tak

25.00

prea

Comments

Kopen

Miscellaneous:

Dairy Farms .....

Ch. E'tainment.......

Constructions, (old)

Do. _(new)

Lane Crawfords...... 384

Nanyang

Sinceres

Touseco...

Watsons.....$5.0

S. C. Enterprises

98%.

Ch.0.5%1925G. Bds,

BIZ

H.B. Gorb. 4% Loans

pr mn.

Do. 31%

LA

$60

Wallace Harper......]

H.K Wing Co

S'hai Do

Vibro Filius

•Sales to Shanghai

THE EXCHANGE

MARKET

MESSKS. ROZA BROS.

H.

$302

$1.70

16.10

14.00

ad

$271 $4,50/60

$11

47 ota

duc

buying of this share augers well for further appreciation in course. Lands have been dealt in up to $38 and Realtys at $5.8.

Hong Kong and Kowloon Wharfs made $115 ex and Docks. were very active between $294 and $32: Providents (old) exchanged in quantity from $1.90 up to $2.321. closing under best at $320-$2.25. The New shares have buyers at 20 cts.

SOVEREIGNE

Rate

BAR SILVER, por on

GERMAN FIBRE | MINING IN

INDUSTRY

Figures Revealed

Berlin, Mar. 20.

How much synthetic staple nbre Germany is actually producing at present and how great ultimate production will be, was yesterday announced for the first time in the semi-official journal. "The Four-Year Plan"

0316 Hongko New York Yokohama

THE CONGO

Review In Belgian Chamber

Brussels, Mar. 20. The rapid progress made in the mining industry of the Belgian Congo during the past year, was sketched by the Minister of the Colonies before the Chamber of

The year 1938 saw a consump-Deputies yesterday. tion of 43,000 tons of stable fibre, as against only. 8.000 tons in the preceding year.

The output for 1937 is estimat- ed at more than double that of 1936, and will bring a welcome re- laxation of the difficulties in sup- plying German textile industries with raw materials.

:

By the end of 1937 the present productive capacity of about 75,000 tons will have been raised to about 150,000 tons, or twice the amount. Whereas in 1933 monthly pro. duction of staple fibre in Germany was only about 276 tons, the monthly output from January next year will be from 11,000 to 12.000

Douglas can be taken at $35 and Steamboats sold at $11. Marsman Hong Kong are now wanted at 16 after sales higher. Insurances were firm, with sales of Cantons effected at $320, and Hong Kong Fires wanted' at $296

Ualons are again higher at China Underwriters with support up to $1.15

Hong Kong Banks were tons. dealt in at $1860

cum.

$832 cutn.

18

1st

***

$5.86/70

$1

96%

met

$108

sales.

$101

48

374

K. STOCK EXCHANGE

SATURDAY'S. OFFICIAL QUOTATIONS

A small business was transacted

during the morning and the mar- ket clases steady at quotations.

Saturday, March 20. Silver prices droped 1/8 yester- day for both deliveries, the quota- tlons being 201 for both Ready The drop was at- and Forward. tributed to lack support.

of China and speculators.sold. After the official fixing there were small buyers at the fixed

rate. tone, American Silver was quoted 451 for Spot.

וי

at

The London/New York cross- rate was quoted at 488.57. New York/London was quoted at 488.- 15/32.

MARKET

Steady with no business pass- ing.

STERLING

There were sellers at 1/2 29/32 March/October,

at buyers

1/2 15/16 for any delivery. No busi- ness was reported.

U.S. DOLLARS

A small business was done at delivery. The 30 for April market closed with sellers at 301 March/April and 30 5/16 May/ July, buyers at 30 7/10 March/ April and 30 May/July.

SHANGHAI DOLLARS

at 101 15/18, Small sellers buyers at 102 for cash,

SHANGHAI MARKET There were sellers of Sterling at 1/2 buyers at 1/2 21/32 for Spot. US Dollars, sellers at 201 March. buyers probably at 29 13/16 for Cash.

The Manila market opened un- certain but closed with a steadier

BUYERS

Bank of Bast Asia, $87. ⠀ Canton Insurances, $315. Union Insurances, $830: Underwriters, $1.15.

H. K. Fire Ins. $297). Douglases, $36.

Raubs, $13.

H. K. Hotels,' $7.30.

H. K. Lands, $35.

Humphreys, $89. ( H. K. Trams, $15.

·Peak Trams (old), $41. Star Ferries, $834.

H. K. Electrics, $58).. "Sandakan Lights, $11). Telephones (old); $30+ Telephones (new). $12.10. Cements, $14.60. H. K.. Ropes, ́SAL. Watsons, $585,"

Ewo Cottons, 8h.$16.30. B'hal Cottons.. (old), Sh$118. 8hal Cottons (new), Sh.$98.

· Constructions (new), 45 ets.

SELLERS

Hong Kong Banks, $1860,"

H. K. Docks, $331, Providents (old), $21.

H. K Hotels, $7.35.

The output will be divided be-

Philippine Mining: The market tween eight firms. appreciated slowly until Friday:

The Journal concludes by say-

when a sharp reaction set Ining that staple fibre has only due to the aforementioned poli- begun to assert its place in the tical announcement. Demonstra-textile world but one day will Paracale radically change the textile indus- tions sold at $1.50, Gumaus at $1.861. Bagulos at 454 considerable business cts.. and was negotiated, in Melson, & Co., Inc. up to 72 cts.

Closing comment. Hong Kong firm but quieter. Manila, easy atter being firm.

BENZINE. PRICES

The Asiatic Petroleum Company.

(South China). Limited advises that as from March 20 their retail prices for berzine per uult of 3-1/3 Imperial gallons will be as follows:

Shell Motor Epirit:

Cases $10.35. New Tins $9.95. Bulk $9.15.

"

Ex pump $1.10 per 1.G.

H. K. Lands, "$361.

Н. К. Ттав, $15.20.

Cements, $14. 85. Dairy Farms, $27.

:. SALES

Hong Kong Banks, 1860, Canton Insurances, $320. Union Insurances, $530. H K Steamboats, $11. H. K. Wharves, $115). H. K. Docks $21). Providents ($2.20/2.30. H. K. Hotels, $7.40/7.30. H. K. Lands, $36. Humphreys, $81.

H. K. Trams, $15.20/$15. Star Ferries, $89.

H. K. Electrics, $59. Telephones (old),. $30%. Cements, $14.80/.75,

H K Ropes, $4.60.

Watsons, #51- -

Lane Crawfords, $9.00, Vibro Filing, $1.

try of the entire world......... Transocean News”Service,

NEW REICHS LOAN

Berlin, Mar, 20. The entire amount of the new Loan, 4 1/2 percent. Reichs which was originally fixed at 500, 000,000 marks but was later in-

creased to 700.000.000 marks, has

been oversubscribed.

Subscription was opened on March 5 and closed on March 18. The first 100,000,000 marks was taken up by banks þefore the issue was announced, and the remaining

600,000,000 marks was subscribed by. the public.

· This brings the total amount of consolidated loan floated in the last two years up to 5,000,000.000 marks. Transocean News Service.

ATTACK ON

MOTOR RECORD

Berlin, March 20.

Dr. Ferdinand Persche, the famous German motor-car driver. is planning to make an attempt on the world's speed record at present held by Sir Malcolm Campbell

with a speed of 301.4 miles per hour.

A hush-hushi, model is now be ing manufactured with which Germany hopes to capture the re- cord.

Mo Some newspapers, report that the new car will be able to attain the fantastic speed of 358 miles an hour.

Transocean News Service.

Accounts opened in Local Currency and Fixed Deposits received for one year or shorter

I, 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, lit, March, 1937.

ป

HONG KONG SAVINGS BANK

HE Business of the above Bank is conducted by the HONG KONG & SHANGHAI | BANKING CORPORATION. Rules may be obtained on application.

For the HONG KONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1837.

BANK OF EAST ASIA, LMITED.

Provisional statistics for 1936, he said, revealed that 13,000 kilo- grammes of gold. 100,000 kilo- Brammes of silver, 150 kilogram- mes of platinum, 4,800,000 carats of diamonds, 500 kilogrammes of palladium, 100,000 tons of copper Authorised: Capital $10,000,000.00 and 7,000 tonss of zinc were mined | Paid-up Capital 5,508,800.00 during the year..

Reserve and Undivided

Profite

9,685,305.09

HEAD OFFICE-HONG KONG

10; Des Voeux Road, Central

Stating that these figures re- Presented a considerable advance over production in the previous two years, the Minister predicted No. that 1937 would yield 15,000 kilo- Krammes of gold, 600,000 carats of diamonds, 120,000 tons of copper and 11,000 tons of zinc.

The question of establishing a mining control board in the Congo. patterned after the Belgian direc- tion of mines, was now being dis- cu sed, since the rapid growth of the mining industry in the Congo necessitated a local control organi-

sation.-

Transocean News Service.

BERLIN CABINET

SESSION

Boar&of Directors 7

THE CHASE BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE).

18, PINE STEKT,

"NEW YORK.

من

An American Bank offering com

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

SAFE DEPOSIT BOXES

||

This Bank is entirely owned by

THE CHASE NATIONAL BANE, NEw Yox, with Resources over U.8. $2,023,000,000,00--

D. M. BIGGAR,

Manager.

THE YOKOHAMA SPECIE BANK.

LIMITED

Capital (fully paid up) Reserve Fund. Yen 139,600,000.00 Yen 100,000,000 00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Bio do Batavia Karachi Berlin Kobe

London

Li Koon Chun, Esq. La Lan Sang, Esq. Calcutta Sir Shouson Chow, Chairman Bombay F. K. Kwok, Esq. WongChuson, Esq. Canton Wong Yun Tong, Esq. Ka Ying Po, Eng. Dairda Chan Ching Shek, Esq..

Kan Tong Po, aq,, Chief Manager. Li Tse Fong, Esq., Manager..

„Amoy

Bombay

Branches and Agencies *---

Xenang KOWADON London Bangood

| Calcutia -

Sew York dutie Clinka Semarang

Janeiro

Евд

Francisco

Los Angeles Seattle

Manila

Semarang

Moji

Shanghai

Singapore.

(Dainy) Nagasaki

Fengtien Nagoya Sourabays

(Mukden) New York Sydney

Hankow

Hamburg Osaka

Tientsin

Otaru

Tokyo

Harbin Paris

Tsingtao

Hong KongPeiping Yinkow

Interest allowed on Current As counts,

Badacky

Swatow

Kanila

1 Saigon

Syndey

Cantum

Melbouras Bad Fran- Yagazeti

Takboku

piaca

Haiphong

Mantafa Tokyo Yanoouvez

11

Deposits

Horoizin Fariz

Kobe

BUNDA Yokohama Pulptag Bingapore

received

for Fixed Periods at rates to be obtained on application.

Y. KANO.

Manager.

Evely description of Banking Berlin, Mar. 19.

and Exchange business transacted. Boag Kong, 10th March, 1937. To-day's session of the Reich

Lonus glanted on concerned itself mainly securitien caolnet

approved with the law-submitted for sanc- Current Accounta

opened in tion by the Reich Finance Minis- Local Currency and Fixed De ter as regards expenditure and the posits received for one year of Looni and method of keeping the accounts shorter periods in during

"the

Foreign Currencies on terms which The budget for 1937 was also ap-will be quoted on application.. proved, subject to certain minor Safe eposit Boxes To Let. LAN TONG PO,

Chief Mandyes

next financial year.

alterations, while another law, to increase by five marks per month the pensions of German ex-ser- vicemen, was also passed.- Transocias News Service

OFFICE TERM EXTENDED

Bériin. Mar. 19, The term of office of the Reichs- bar President, Dr. Schacht, as stipulated in the Reichsbank law, having expired; and also that of

SINGAPORE RAW RUBBER

B. b. JOSEPH & CO.

.Hong Kong. Mar 29.

WHEAT PRICES SOAR

Small Panic In Liverpool

London, Mar. 20. News that Argentina is alarmed at the heavy shipments of wheat and has announced the possiblity of restriction in order to safeguard

Messrs H. B. Joseph & Co., re-homa. interests; caused Liverpool the President of the Court of Ac-carved the following quotations wheat prices to soar to day, former counts of the German Reich, ex- from Singapore la Straits Currency will have, exported 2,500,000 tona It is estimated that Argentina | Minister, Dr. Saimikeh, who has for Raw Rubber:

reached the age limit, their terms of omces have been prolonged by one-year each Transocean News Bervice.

stuit, atugoda y of L. REICHSMARK RATES

Berlin, Mar. 19, The Reichmiark was quoted, without guarantee, at:-

New York: 40.23. Paris, Unquoted

Amsterdam, 73.82 to 73.54. London 1214870 Paris sterling 108.31 20 100.44. US dollar 21,778 to 21.783.— Transaccan News Service,

Spot

Buyers

414 Down 1 April-June. 42. Down 14 July-Sept.

424 Down it Oct.-Dec. WAL 424 Down 14° Market:--Easter.

out of her 4,000,000 ton surplus by the end of March, and-mich of the remainder has already been sold forward."w

Moreover, the Canadian and Australlan surpluses are the small- est in

Ordinary, demand for wheat has been supplemented by large. Ger- man and Italian purchases, which have given rise to talk of a world wheat shortage, an

TREASURY HILLS, The total amount applied for în treasury bills was £91,205,000. An amount of £45,000,000 was allotted Only expectation of a bumper In bills at three months.

North American crop. which en- The average rate per cent. was tirely depends on the weather, is 10/0.930. against 19/4, 95d, week likely to allay, the existing bullish-

dess Heater

ngo

British Wireless.