1937-03-24 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock Exchange

Bayes Blaz Sale Noma

TUESDAY, MARCH. 23.

Banks

Sharebrokers

Association

Bujana

Jatiers

Balsomina

HONG KONG DAILY PRESS, WEDNESDAY, MARCH 24, 1937.

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS ASSOCIATION

Philippine Gold Mining Quotations

B... 5.

13rd March, 1037, Time Received

· 9,44 8.44 8.57 10.07 10.21 10.38 10.38/1.18

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital"

$150,000,000

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

Reserve Funds:---

Sterling

.....£6,500,000

AUSTRALIA AND CHINA - Incorporated by Royal Charter, 1831

$10,000,000 Reserve Fundin

*) | Reserve" Liability of Pros

prietors

・Agencies and Branches:-

Hong Kong Currency

HEAD OFFICE: LONDON.

Paid-up Capital...

£3.009.200

Reserve

23.000.000

Reserve Liability of

Proprietors

£3.000.000

...$20,000,000

cloa,

olor:

2.35

3,01 3.00 3.92

2.38

Head Office:-HONG KONG

Board of Directors. G. Miskin, Esq.

M. T. Johnson, Esq.,

Chairman.BOMBAY,"

Deputy Chairman.

J. E. Bousfield, Esq., A. E. Compton, Esq., Hon. Mr. S. H. Dodwell, J. B. Masson, Esq.,

CANTON

CAWMPOBE » LUCHING

CEST

MADBAB

COLOMBO

MANZIA

MEDAN -

NEW YORK

ALOR STAR ILDILO AMRITHAR [POR BANGKOK KARACHI BATAVIA

KLANO

CALCUTTA

SAIGON

EXMARANO

SEREMBAN

SHANGHAI

1.

· KOBE KUALA

LUMPUR

KINGAPOR

SXTIAWAN

JOURABAYA

· TAIPING

$1,600

$1,860,860

H.K. Banks

|$1,200

Po. (London)

£118

2133

Chartered Banks

233

Mercantile Bks. "A"

2158

22nd Mar. Closing Rate

£10

Do"

187

$390

1630

$1.20

**$7

H

****

1300

KOLA

Bank of East Asia.....

N. O. & S. Hacks ...

·Insurances

Cantou Inasra: 60M, Union InsuranUSA .....

Underwriton$120 H.K. Firos... Internatiouni Aston, S.

2101

$87

Antamoks

1.30

1.25

Atoka

37

1.35

37 40

1,30

1.36

+4

!!!!

#315

3830

Baguio Gold

251

..26

Benguet Consol

... 13.75

12.75 13.25

$395

Benguet Explor

12

10

$361

!!!!!

Watertow

Mining

shipping

1

Donglason OMIS

$38

110

bonnibosta

$10

$23

Indos (prof.).........

Do. (def.j

120/4 Sl

$10

20/-

Kailan...

Haut......***

$13

18

Venezuela Gold Fid. $8

Docks, Wharvas,

Godowns, etc.

Big Wedge

28

27+ 24

25+

Coco Grove ...

58

..87

60

08

Consol Mines

.037

.030 .037

.035,036

.037

$35

1

Demonstrations

60

76

78

!!

*38

134/4

E. Mindanao

31

50

31

$10.

G. Goldfields

EX

Unquoted

21

Itogona

1.80

1.20

1.30

1.25

!!!

19/0

IX. L

·1,30

1.35

1.25

1.35

Masbates

33.

40 37

J

Min. Resources

33

35

Northern Mining

108

$31.40

$114)

19.38

20 ct. -31,40 x

$102 $6

Do.

H.K. & K. Whares.

Providents (old) $2.35

H.K. & W. Docka Shaigusi Doces S.: New Engineerinus.

Lands, Hotels, and

{bow]}

CA

$31

I d

#2.95

$114

120 ta

Parcale Gumauя ....... ..30

19 Unquoted

65

58

111 118 1189 || 1

28)

28

69

61 60

.038

.039 .038

K. S. Morrison, Esq.,

BI

82

84

83

Hon. Mr. J. J. Paterson,

T. E Pearce, Esq.,

32

33

A. L. Shielda, Esq.,

‚° 29, 994 93

1.30"

V. M. Grayburn; Esq.,

Chief Manager.

#

31

Amoy Bangkok

Ipoh

Batavia Johora

60

I

Bombay

Kobe

Penang Rangoon Saigon

San Mauricio

Sayoc Consol

1700

#101

2.45 £30 2.48

384 United Paracales... 67

9.35, 2.40

2.45 -9,50

Calcutta

2.05 2.00 2,55 2.50

Canton

disco

35

39

38

30 38

39

391

40

2

42 41 40%

Chefoo

90

62

84

88

89

Colombo

JAK

$3

Dairen Lyons

Market Comment,

8

Uncertain

W S'dier S

S

ន 8 S

S

S E'ior

Foochow

37.45 436

37.40 $36

Bui dings

H.K. Hotels

$7.25

$7.50/10

H.K Lands....................

#106

Du. 4% Dobentures #109)

16

Shanghai Lande........

110

Metropolitan Lands..

35.70

B.K. Realties.........

14.

China, Doua

100

Do. Debonturvas,

疑

Humphreys

STE

Ewos

$16.30

$118

$93

Chiniae Estate......

Colton Mills --

Shai Cotionstuld S.

B

Du

31

Zoung Binge ****

144

Wing Un Textila(S.)

Publis Otiliilor

15.10/

21.

Da

(210W)...

Tramways...................... 15,20]

Posk Tram (old) ...

Star Ferrics

Taumati Ferries

Chins Lights (old)...$14 50

$157

RBY

330

WORLD STEEL

DEMAND

British Needs To

Be Met

All available scrap metal is to be released immediately for the use

of the British" iron and steel in- dustry, writes a Home correspon-

15% dent. This is the effect of an im- portant agreement reached at a conference in London.

$14.85

་*

$1

1881

$14.FO

14.80/85

$11.70

Do (DOW)... $1

1

H.K. Electrica

$59

$20

Macao do.

Saudazan Lights ...

Talephones (old)

¥301

+

Do.

(new)

122

19.00

F9

China Busse

27/6

120

Tractions

17/

Do. (prof.)

$114 #31

·$18.40

$60-

40 ot.

$9

+++

127

માં

$1.80

$10

12

$4.50

19.80

*016.10 14.60

$15.10 $4.66

Industrials

$16 Caldbook, ori.) d.

$17 Macgregora f(prof..

Canton Ices

Cements

Kupes -

MiscellaneouIN

Dairy Farmas

Ch. Etaininenta...... 14.40 l'ad

Constructions, (old)

Do.

(ABW)

Lane Crawford.....

Nanyang Tobacco.. 18

Sinceres ....... mis Watsons.......

H.K. Govi 47% Lounal

Do.

3,17%

Wallace Harper

BLX Wing On

B'ha Dio.

Vibro Piling

4

*Sales to Shanghai ·

15.70

$5.05

8. C. Enterprises

86%

Ch.G.6% 192507.J BiLn,

pren.. prem. 111

2

14

$50

+4

$7

a d

ས་

PHILIPPINE MINING

NEWS

༄ སྐནྡྲ「 1 ཿསྨདཿདཿ22 1ERཇ H!t ནྡྷ ོ ཙྪཀཽཎྜ

$1.70

$1.50

17jota.

{65

174

$7

The agreement will at once miti- gate the shortage of scrap which has seriously threatened the ability of the industry to meet the abnor- mal demanda made upon it during the past few months.

The following phrases reveal the urgency of the decision and the causes which led up to it. They are part of an official announce- ment issued at the conclusion of discussions between members of the British Iron and Steal Federa- tion and the National Federation Scrap Tron and Steel Mer-

of

chants:

#

"In view of the urgent need for 'conservation of raw materials to meet the general demand for steel, including Government require

ments, steel makers... and scrap art merchants... have reached agreement for the supply of all available scrap at economic prices.

"It is expected that this ar rangement will result in the im-

mediate

встар

release of any which may have been held up in anticipation of a rise in prices,"

"Hoarding" Denied

The circumstances which led to the opening of negotiations be- tween the Federations are almost without parallel in the history of the industry.

World demand for iron scrap and waste has been increasing by leaps and bounds, and there has been a sharp rise in British ex- ports with consequent shortage in the home market.

While the Atok Gold Mining, da, J. M. Cacho, Marino Olondriz, Company concentrated its activi- directors. George L. Rickard was ties in 1938 to the development and chosen secretary and assistant operation of the Big Wedge pro- treasurer and Lucio Torralba.as-city." perty, it is likely that new tiningsistant secretary.. properties will be sought this year with the idea of developing and bringing them into production if they are found to have merit. :

EXTRA MANILA CLOSING QUOTATIONS

Atok Gold, according to its an- nual report issued recently, sold 1,000,000 shares of unissued ́capital'

Hony Kong, Mar 24: stock at a price not less than 50

Extra Mantia closing quotations centavos per share, Stockholders

999.063 ngures, kindly supplied by Mears. on record subscribed to shares, and the balance of 10,937 Ellis and Edgar.

B.IZL p.m. shares. was sold to the public.

2007 .008

.20

The proceeds from the sale of Associated Mines this stock has been, all will be Acole Mining used, for the following purposes: Angelo payment in full of the overdraft | Dulong

Gold Creek which had been arranged to the extent of P150,000: payment for ad- Ipo Gold ditional equipment for the flota Gold River tion plant at Big Wedge, and pos- Mother Lode sible additional power plant re- Paracale Gold quirements and mining equipment Salacot providing for the expansion of the Batong Buhag operations of the company, in ex Universal Expl ploring and developing other pro- Bued, perties than Elg Wedge.

Dayaka The annual meeting of Atok Crown Mines Gold was heki jast week. Ebe} Mambuiso following directors were elected: Syrelicate Inve W.W. Harris, president; P.-A. Me- Tinnguo yer first vice president; J. Anto- Santa Rosa nto Araneta, sochnd vice president; Mine Operations J. B. Hoover, treasurer: R. LI Jan-

.20

.134

131

.16

.10

26

22 201

08 08

Ung.

.231.

24

.00 200

.019 314

Paris

LONDON EXCHANGE RATES

Geneva Berlin Athens

Milan

Shanghai

(British Wireless Service)

March 20 106-25/84'

21.45

Mar, 22. 106-23/84 21.441

12144

12.141

93-13/18-

923

Copenhagen...

Stockholm

New York

4.831

8.923

: 140

Amsterdam Vienna Prague Madrid

Lisbon...

Hong Kong

Bombay

Montreal

Brussele

Yokohama Belgrade

Monte Video .......

Rio......

Bucharest

Silver (Forward) Silver (Spot) War Loat

ON SHANGHAI-

ON SINGAPORE:-

4:88-5/18 8.921

29.001 4.88

29.001 4.877

20-9/16 20-9/10

201

34% 102-1/16

Closing Quotations

OF NEW YORK:--

Bank Bills, on demand 30 3/16 Credita, 60 days' light. '30 9/16- 'ON BATAVIA:-

* 54 13/16

Branches:- Iloilo Peiping

Kowloon San Fran- Kusta

Lumpur Shanghal London Singaporu Sourabaya Sungei

Malacon

Haiphong Manila Patani Hamburg Muar

Hankow

Tientsin

(Johore) Tokyo

Harbin Mukden Tsingtao Hongkow New York Yokohama

Current

DELEI

HAIPHONG HAMBURG

HÀN QU

HARBIN

PRIPING

TİENTRİN

TONGKAR

(Bhuket)

TRINGTAO

TOKOHAMA"

(Paking) · MOBOAMELA

PROTANG

TONG TỔNG LÀNG ĐỒN

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCourts opened and FIXED DEPOSITS received for On Year or shorter periods at raler which will be quoted an applica tion.

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

A, BREARLEY,

Manager.

Accounts, opened "in Local Currency and Fixed Deposits. received for one year or shorter periods in Local Currency and 15, Sterling on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Lat. Hong Kong, 1st March, 1937

HONG KONG SAVINGS BANK

THE Business of the above TBank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION. Ryles may be obtained on application,

For the Hosa Konɑ & ShangHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager,

Hong Kong, 1st March, 1937.

BANK OF EAST ASIA," LIMITED.

Authorised Capital $10,000,000,00

Reserve and Undivided

Proits

THE CHASE BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

16, PINE STREET,"

NEW YORK.

+1

JI

An American Bank offering com

plete Foreign Banking Berrios in the grincipal Markets of the world.

Interest Rates on Application.

" SAFE DEPOSIT BOXES This Bank is entirely owned by *THE CHASE NATIONAL BANK, NIw York, with Resources over U.S. $2,027,000,000,00

D. M-BIGGAR,

܂

Canager.

THE YOKOHAMA SPECIE BANK

“LIMITED A

Capital (fully paid, up)

Yan 100,000,000 DO

Paid-up Capital.......... 5,596,600.00 Reserve Fund Yen 139,650,000.00,

3,776,726,70- HEAD OFFICE: YOKOHAMA

HEAD OFFICE:~HONG KONG No. 10, Des Voeux Road, Central.

Board of Directors?—

Sir Shouson Chow, Chairman Li Koon Chan, Esq. Li Lan Bang, Esq. P. K. Kwok, Esq. WongChuSon, Keg Wong YunTong, aq. Kan Ying Po, Eng. "Chan Ching Shak, Esq.

BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Rio do Batavia Karachi Berlin Bombay Calcutta Carton

Dairen.

March 23, 1937.

ON LONDON:-

Telegraphic Transfer... 11/2 Bao Bills, on demand Credite. four months'

sight

37/32

1/3 1/32

On demand ON PARIO:-.

Hank Bills, on demand 837 Credits, 4 month's 'sight 687

On Demand

1011

OX SAIGON:

On demand

05 0/16

On demand ...........

***

OF MANILA:-

On JAPAT

On demand

On demand ................ 60 3/16. OF BAXOXOK:—

LA

149

O

INDIA:

Telegraphic Transfer... }eir

1/23/2 201

Amoy

Bourneys

Lataria

Bosbay

Manila Baigon.

Bydney

Daoui.

Outub

Haiphong

Kaskow Honolulu

Melbourne. Baa Prani Kogasaki New York: Tanetli USAKA

Taihaku

diese

Tutela

pounts,

Zokse

Deposite

Bamazing

YABOOUTET

Parle

Kobe

Priping

Shanghaf Yokoham Singapore

Bank, on demande

On dametið SOVEREIGNS Bank Buying

Bate BAR SILVER, DOr on. .........

Future Of The Franc

of

Kan Turg Po, K., Chief Manager. Li Tse Fong, Esq., Manager.

Branches und Agencies ;-)

Kowinan. Penang London

Every description of Banking

approved

Kobe London

San

Janeiro

Francisco

Semarang Shanghai

Los AngelesSaattis

Manila Moji

(Dalny) Nagasaki Singapore Fangtien Nagoya Soerabaya

(Makden) New York Sydney.

Hamburg Oska

Kazkow

Otar

Harbin Paris

Tientsin

Tokyo

Tringtao

Hong KongPeiping Vinkow

Internet allowed on Current Am

received for Fixed Periods at rates to be obtained on application,

Y. KANO,

Manager.

ASSOCIATION

BUYERS

It had been treely suggested that scrap merchants had been

A special and unexpected Cabinet CONFIDENCE SOUGHT ·

and Exchange business transacted, Hong Kong, 10th March,. 1937. Council has been called and it in

Econs granted on "hoarding" in view of the increas-

There are, however,,serious ob- ing demand. Merchants, however,

understood that it will be concernjections to both these measures.

securities. ed entirely with finance, writes the evaluation below the limit set Local Currency and Fixed Do Current Accounts opened in attribute the situation to the fact

Paris the

correspondent that all the producers in

the by the law of last September would posite received for one year or H. K. SHAREBROKERS" world are running close to capa-s." M Vincent-Auriol, the be a breach of the repeated under shorter periods in Local and Minister of Finance could not at takings of the Government and Foreign Currencies on terms which During the last few months tend the last Cabinet Council also of the tri-partite currency will be quoted on application. practically every steel manufac-through illness.

agreement between France, Great

Safe Deposit Boxes To Let. turing country has been absorbing It may be regarded as certain Britain, and the United States. It the whole of ita raw

that the Government will take in- might be expected to cause a panic material Belgium, Denmark and Norway portant decisions at this meeting, ut home and possibly competitive have placed embargoes on exports, by which they will hope to encour devaluation in London and Wash- France has imposed a heavy ex-age the return of exported capital ington. Immediate stabilization, port duty, Germany "ta using all to France and to check the on the other hand, would rob, the the raw material available, Japan persistent speculation against the franc of the clasticity which is its and Italy are outbidding British franc which has gone on for greatest present need. It would

‚B. D. JOSEPH & CO. buyers in the American market. several weeks Rumour was busy commit the Government to a

· Hóny Kong, Mar. 24. The war in Spain has led General with the measures which situation which, if it once more be-

Messrs H. B. Joseph & Co., rà Franco to impose a strict super- the Government were expected to pesme untenible, i would mean vision upon the export of iron decide upon. These range be stultification for them and perhaps ceived the following quotations from the territories under his tween the two extremes of a new disaster for the country from Singapore in Straits Currency control.

devaluation to a "safe" figure, 17 For these reasons, neither for Raw Rubber:

Spot

Everything had pointed to a sharp rise in the price level for broken scrap in England. It is believed that the decision has re- lieved the position.

REICHSMARK RATES

Berlin, Mar. 22, The Reichsmark was quoted, without adentes, at:--

New York ........... 40.23 unquoted

Jamsterdam unquoted London ......................... 12,148

.06 Paris Sterling 106.35 to 206,38) KIL S. dollars:21777 to 2179) Tranioccan News Service.

Broadler, Erri

necessary below the minimum stabilization nor new devaluâ...... fixed in the recent devaluation tion" "is

Coun Expected froz

KAN TONG PO,

Chief Manager.

SINGAPORE RAW RUBBER

Buyers

April-June July-Sept. Oct.-Dec. Market: - Quiet Market

41 Up

421 Up 42 Up

law, and stabilization at or near cil. The fridications point the lower limit of 13 miligrammes rather to a series of measures of gold, which is equivalent to 113 affecting policy and personnel, franes to the pound..

secondary in themselves, but de- signed to reassure the financial world by a display of literalisin severe penalties, which were im- and by publicly calling in expert I posed on the yield of transactions collaboration which should inspire in gold and foreign currencies canadence." It is expected that the made in September. These taxes Government will immediately ap- are among the most severely point à distinguished ́independent criticized of the measures imposed economist, M. Charles Rist, to con- by M. Vificent-Aurdal in the days trol the futile operations of the when he believed the fron hand nge Equalisation Fund. It is without the velvet glove to be the Expected also that they will with appropriate instrument for draw the taxes, amounting to against the world of capital

Further devaluation. would end the present over-valuation of the frane, as compared with ster and dollars, make further pront for end adverse spec the slow but steadi Immediate stábliga in, theory at to the tutors

and so pre ported capital

se

Canton Ins., $320. Underwriters, $1,25. HK. Fires, $297). " Douglases, $364. -Providents (Old), '$2.35.

H.K, Docks XD, 392). Hotela, CD, $7.70. Lands, $364.

4

Realties, $6.75. b-Trama, $15g. -Y. F'erries, $261.

China Lights (Old), $152,

China Lights':(New). $12. Electrics, $80.

S

Telephones (Old), $318.

Telephones (New), ($13.7%

Cements, $15.80.

Ropes, 342,

Entertainments Lane Cravojās, Watsons, $6.80.25 Antamoks, $2.18.

SELLEBS Cements, $15.90

SALES Underwriters, $1.20.10. Providenta (Old), $2.25.

Trams, $15.80.

China Lights (Old); $15.10,

Telephones (NEW), $18.

Cements, $15.10/1.