1937-03-26 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers' Association

· Buystė

$

$390

1630

$1.49

| $1.40

12071

38

19

135

$13.10

FLOR

ELK

135

και

$9.55

HONG KONG DAILY PRESS, FRIDAY, MARCH 26, 1937.

H. K. STOCK EXCHANGE

LONDON EXCHANGE RATES

(British Wirelem Service)

HARBIN

YOKOHAMA

(Peking) RAMGÅNGA

PENANG

HONG KONG RANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNT opened and FIXED DEF08ize" received for On Year or shorter periods at rater which will be quoted on applic tion.

THURSDAY, MARCH, 25,

Mayor

$1655

187

£15 233

£102

!

Maike

H.K. Hauks

Do. (London) ... Chartered Banks...

Mercantile Bks. "A"

Do

N. U. &. Barka ... Insurances

d

"O"

o d

Bank of East Asia... [87

21st

YESTERDAY'S

Paris

OFFICIAL QUOTATIONS

17

Geneva Berlin Athena

The market during the week $1,60 under review was very active and B16 a large turnover was put through £15 principally for cash. Prices in £33)

most cases were marked up and buyers took up any shares that were offered

Milan......

Copenhagen Stockholm Shanghai New York Amsterdam Vienna

Mar. 2.. 168-23/64 ̈21.442 12.14)

927

140

Mar. 23 106-23/64.

21.442 1214

92-25/32

Storling

.....£6,500,000

Hong Kong Currency

Reserva

$10,000,000

Reserve Liability of

Proprietors

$20,000,000 |

4.88-8/18 8.921

4.88-19/32 8.921

Head Office:-HONG KONG

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION SUN.

Authorised Capital... $50,000,000" Issued & Fully Paid-Up $20,000,000 Reserve Funds:

AUSTRALIA AND CHINA Incorporated by Boyal Okarter, 1959.

HEAD OFFICE: LONDON

Friétors...

£3.500.DON

****** £3,200.000.

83.000.000

Agencies and Branches-

ALOR STAN" ILOILO

BALOON

Paid-up Capital.. Reserve Fund............. Reserve Liability of Pro-

AMRITSAR WOR

SEMARANG

Board of Directors.

BANGIOI

KARACHI

BEREMBAN

Prague

G. Miskin, Esq.,

Canton Lusarmoses..

$320

Union InsuranŌS8 .....

The Manila market was quite throughout the week.

BATAVIA

KLANG

SHANGHAI

Madrid

Chairman.

Lisbon

$830

M. T. Johnson, Esq.,

BOMBAY ALLOUTTA

KORE KUALA

SINGAPORE

SITIAWAN

Underwriters

of $1.40

E

· #4) International Assen. 3.)

H.K. Fires...

$9971

BUSINESS DONE DURING THE WEEK

Hong Kong

Deputy Chairman. ETON LUMPUR

SOURABAYA

Bombay"

29.001

29.01

J. K. Bousfold, Esq.,

Montreal

Shipping

K.K. Banks; $1,860, $1,850, $1,860.

4.871

4.88

A. H. Compton, Esq.,

Brussels

Hon. Mr. 8. H."Dodwell,

CAWNPORN CABU COLOMBO

KUCHING

TAIPING

HADRAS

TIENTSIN

MANILA

TONGKAA

Douglass remem

$37

Canton Insurances, $320.

Yokohama

J. B. Maron, Esq.;

DELHI

MEDAN

(Bhuket)

Steamboate

39

Union Insurances, $630.

Belgrade

5. S. Morrison, Esq.,

HAIPHONG

NEW YORK

TRENUTAČ

Do.

Indos (prof.)...t

Do. (def.)

Stella_se1650-920240

Waterboats

Mining

Kailana super

Haube

Venezuela Gold Fids. 361

Ducks. Wharvas,

Godowns, etc.

H.K. & K. Wharton

Providents (aldy

H. K. W. Docks

Shangai Dock S. Now Engineering:S..

Lands, Hotels, and

Bui.dings

H:K. Hotels

$35

China Underwriters. $1.40, $1.50.

$38

HK. Fire Insurances, $300,

Ric

135/-

x.d

E.K. Steamboats," $11, $91.,

$91

41!

19.8.

H.K. Wharves, $115); $115, $118,

$118.

HK. Docka - (Cum. Div.), $312.

.$314, $32.

War Loan

H.K. Docks

(Ex. Div.), $31.40,

Monte Video

Bucharest

Silver (Forward)

Sliver (Spot)

Closing Quotations

Hon. Mr. J. J. Paternon,"

HAMBURG

PRIPING

T. E. Pearce, Esq.,..

BANKOW

A. L. Shields, Esq.,

201 31% 102-1/16

200

V. M. Grayburn, Esq.,

Chief Manager.

34% -1024

Branches:ay

Amoy

· Iloilo

Peiping

Bangkok

Ipoh

Penang

$31), $321.

March 26, 1837.

OX NEW YORK:-

Batavia

Jchore

Rangoon

12.30

(new)

318

20.at-.

$108

$8

3

$7.80

***

****$7.50

HK Lande........

$105

Do. 4% Dobenture tuj

ib:

Shanghai Landa...8.

#1

Matropolitan Lands..

18

6/0.10

H.K. Realtres...

6/4,00

14

China Do................£.!

160

Do Debenturesa, į

Humphreys

$76

Ukincse Estates.............

Cotton Mill»

3161

Ewe ..........8. $16.20|

$118

S's Cottons(vid.

'5110

H.K. Telephones

$31.

$9%

Do. (new)5.

#9

+31

Zobog Sing

$30

#42

Wing On Textiles(3.)

352

Pabile UHlities

15.40.80

Do.

(new)...

Star Ferries...............

Yaumati Farrios

27

'China Lights (old)...| #14.80

188

#15.10

Watsons. $59. $5.85.

Do (new)...

112

Lane, Crawfords, $9.

$9.1/1

બ

H.K. Electrics...

181

$20

du.

ATTITA

Telephones (old)

1312

Do.

(now)

131,30

Bet

China Buses ..............N.;

27/0

Tractions

28/

27/

Du. · (prof:) ................

Industrials

$118 $2.35/40

Providents

20 cta.

32+

$2.35. H.K. Hotels, $7.40, 51.30,

$7.40, $7.80, $8.10.

(Old), $2.20, $2.30,

$7.35.

ON LONDON:→→

Telegraphic Transfer... 11/9

Bank Bill, on demand 30'3/16′′ Credita, 60 days' sight. 30 9/18

Bombay

Kobe

Saigon

Calcutta

Kowloon San Fran..

$10.

·3༔

HK. Lands, $38. $361, $37. Humphreys, $81, $0.

Bask Bills, on demand 17/39 Credits four months'

sight

ON BATAVIA:

Canton

Kuala

CIBCO

On demand

4 13/16 Chefoo

Oy Pania:-

Colombo

London

2/31/32

ON SHANGHAI:---

Bonk Dilla, ou demand 607 Credits, 4 month's sight 6587

On Demand;

101

ON SAIGON:

On demand

ON SINGAPORE!--

Haiphong Manila

Hamburg Muar

On demand

324

OF MANILA-

136+

On demand

106

Hongkow

Current Accounta opened in 1/23 2 Local Currency and Fixed Deposits 20 9/16

A

THE CHASE BANK

Tsingtao

T:16 $2:30 $2.40

231/2

$7.80 136

14

$15.40 $15.00 162/6

31

نده

$171

BU

$14.90 $15.10|| 16.10/|14.95

$61

3:14

-$31 $131

Tramwaya 815,10

Poak Tea (old)...

Saudakau Ligiițe .....

217

$15.00 $10

344

Cements

H

Ropos

Szof

Ch. E'tainmento...

**

11.00

10

prem.

pr m.

$16 Caldbock, Lord.) 8.

Macgregors (pref.).

Canton Ica

Miscellaneous

Dairy Farms

Constructions, (old))

Lane Crawforda......

Nanyang Tobacco..

987

37

Do.

៖

1441

$1.70

$15

715.40

$4,86

1162 o d

$4.60

o d

$1

(zew)

47 cta,

191

18

Sincerea ..

$2.40

Watsons

$5,60

$1

06%

3108

$101

$65

$74

$7

S. C. Enterprises

Ch.G. 6719250.3 Bda.

11.B. Govt. 4% Loan!

Do.

31%

Wallace Harper

H.K Wing O

S'hai Do

Vibro Piling

Sales to Shangbai

PHILIPPINE MINING

NEWS

One of the geophysical éréws of

W. W. Lowry, mining engineer Developments, Inc., has been sent for Developments, left last week to the property of the Itogon Cen- for the property of the Rio Verde tral Mining Association, which ad- Mining Company near Cagaybu, joins the States Group of the Ben-Oriental Misamis, to start develop- work immediately. This Kuet Consolidated Mining Company ment in the Bagulo district, Roger W. property 18 under the technical su- Clarke, president of Developments, pervision of Mine Operations, for announced last week.

which developments, Inc. is to sup- Assist- ly engineering services. ing Mr. Lowry is Samuel Kelsey,

A geophysical survey will be con- ducted by this crew under the deld supervision of W.. W. Irby, experienced in mining in this dis- geophysical engineer. Mr. Clarke stated.

Yas

trict, who has had a wide back-

H.K. Realties, $6. $6.10, 361. H.K. Tramways, $15:20, $15. $15.10, $151, $154, $15.70, $15.90, 15. $153, $15.60, $161. $15.60. Peak Trams (New), "$1.00. Star Ferries, $89, $281. $881. $881. China Lights (Old), $14.80,

$14.85, $15, $15.10, $14.95. H.K. Electrics. $50, $60.

$61, $81. $614.

On JAPAN:-

ON INDIA:

Telegraphic Transfer....... 1811.

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

$601.

(Old). $301,

THE EXCHANGE

HK. Telephones (New); $12)..

$13, $131-137.

Cements. $14.80 $143. 14.80.

$14.65, $15.10. $154, $15.60.

H.K. Ropes, $4.60, $4.65. $4.70.

$4.80, $4.85.

N

Dairy Farms, $27, $27k.

Vibro Piling. $7.

Demonstration, $1.37.

CHANGES (3.15 p.m.). CLOSING

QUOTATIONS

BUYERS

Bank of East Asia. $88).

1:

MARKET

MESSRS. ROZA BROS.

The price

........... 65 0/16

No demand 50 3/16 Os BANGKOK :~~~.

On. demand..... ............ 1497

Bank Baying

SOVEREIGNS

Bate BAR SILVEE, per o

S.M.R. SHARES

Change Of Policy

Dairen

Lumpur Shanghai " Singapore

Lyons Sourabaya

Foochow Malacos Sungei

Hankow

Patani Tientsin

(Johore) Tokyo

Harbin Mukden

Now York Yokohama

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.

▲ BREARLEY,

Manager.

received for Que 788♪ or shorter |-- periods in Local Currency and 1. QUEEN'S ROAD CENTRAL

Sterling on terms which will be

quoted on application.

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

HONG KONG SAVINGS BANK

much Bank is conducted by t THE Business of the above

& SHANGHAI

The South Manchuria Rallway Company is to throw open shares of its subsidiary concerns Hong Kong Mar, 25.

for Ready Silver more positively than before. To dropped 1/16 yesterday but the begin with it will dispose of a large HONG KONG

number of shares of the Man- BANKING CORPORATION. Rules Forward rate was unchanged the churia Flectric Company and they be obtained on application, quotations being 20 9/16 and 20 Showe Steel Works, according to a 5/8 respectively. Silver advices | Dairen message.

reported India as having bought. It is stated that though the Speculators sold. The market, was S.M.R. Management has hitherto quiet. After the official fixing sold these shares simply as one. there were buyers at 1/18 under means of raising its working the quoted rate but sellers were runds, it will hereafter dispose of Union Waterboats, $9.45 Ex.Div. rather reserved. American Silver them from the point of view of

China Underwriters, $1.45, Douglages, $374.

H.K. Wharves, $116.

H.K. Hotels, $8.10.

H.K. Lands, $361.

H.K. Realties. $61.

H.K. Tramways, $15.60," China Lights (Old), $15. H.K. Electrics. $81. Sandakan Lights, $11. Telephones (New). $13.60," H.K. Ropes, $4.90. Dairy Farms. $27).

Watsons; $5.85.

Entertainments. $4. Raubs. $13.15.

Ewo Cottons, Sh.3164.

SELLERS

Ewo Cottons, Sh.$17.

SALES

་

China Underwriters, $1. H.K. Wharves, $116-1181. Providents (Old), $2.35. HK Hotels, $8.10. H.K. Lands, $37. H.K. Realties. $8.10-64. H.K. Tramways, $15.60, "H.K. Electrics, $61.

Telephones (Old), $31., Telephones (New). $134-134. Cements, $15.60.

H.K. Ropes, $4.85. Dairy Farms, $271. #

SINGAPORE RAW RUBBER

H. B.

was quoted at 45 for Spot. The London-New York rate was quoted at 408.53. York-London was quoted at

15/32.

MARKET

Steady but dull.

STERLING

executing national policy effective-

cross-ly.

New

Some Y45,000,000 worth of shares

For the Hong Kong & BrangHLI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, lat March, 1937.

BANK OF EAST ASIA, LIMITED.

188-of the Manchuria Electric Com-Authorised Capital $10,000,000.00 5,698,800.00 Paid-up Capital .......... Reserve and Undivided

Profits ............... 2,776,796.78

No business was reported. Therë" were sellers at 1/2 29/32 March October, buyers at 1/2 15/16 for

· any delivery.

U.S. DOLLARS

A small busines was done at 30 3/8 for March delivery. There were sellers at 30 3/8 March and 30 5/18 April-July, buyers at | 30 7/18 March-May and 30 3/8

June-July,

SHANGHAI DOLLARS

Quiet. There were sellers 101 7/8 for cash, buyers at 15/16.

SHANGHAI MARKET

pany, at present owned by the S.M.R. Company will be transferr- ed to the Industrial Bang of | Manchoukuo. The first lot will be

either 20,000,000 or Y25,000,000.

The Company will transfer 25,000,000 worth of shares of the Showa Steel Works to the Nippon Selletsy Kalsha. while the showa Steel Works will own Y25,000,000 worth of shares of the Nippon seitetsu Kaisha. It is hoped that this will be effective in cementing relations between the two leading steel works.

HEAD OFFICE: HONG KONG

No. 10, Des Voeux Road, Central.

Board of Directors;—–—–

Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Exq- WongChuSon, Esq. P. K. Kwok, Baq. Chan Ching Shek. Eaq.. Wong YunTong, Laq. Kan Ying Fu, Esq.

Kan Tong Po, Harp, Chief Manager, Li Tao Fong, Esq., Manager.

Amor

As for shares of the 29' sub- sidiary concerns. the Company ex-Baaris pects, to dispose of some Y40.000,- Bambar at 000 worth at the earliest oppor- canton 101tunity.

Branches and Agencies.

Kowloon Penang Boursbays Londer Sando Bw..com Salgod

Byduay Melbourne das Prane · · Tilbake Magneck!

also Mantain New York Punchin Tokyo

Maria

Osimitia

Haiphong Backow

Mr. Tag, a senior officer of the Halls S.MR. Company, has just left Dairen for Tokyo in this connec-

Osake Paris

There were sellers of Sterling at į tion. |1/2 5/8 March, buyers at 1/2 21/32 for cash. US Dollars, sellers at 29 13/18, buyers at 29 7/8 for cash. IN THE AFTERNOON

The market was quiet in the afternoon.

IN STERLING

No business was reported, finish- ing with sellers at 1/2 29/32 March-October, buyers

1/2

15/16 for delivery.

U.S. DOLLARS *-

at

Bang Shanghai

Peipler Alagapore

A HEAD OFFICE;

18, PINE STREET,

NEW YORK"

An American Bank offering com

lets Foreign, Banking Bervice 10 the principal Markets of the world. interest Bates' on Application.

SAFE DEPOSIT BOXES

This Bank in entirely owned by THE CHASK NATIONAL BAKE, New Youx, with Kasources over U.S. $8,027,000,000,00

D. M. BIGGAR,

Manager.

THE TOKOHAMA SPECIE HANK

LIMITED

Capital (fully paid up)

Yen 100,000,000 OF Reserve Fund Yen 132,650,000.00.

HEAD OFFICE:-YOKOHAMA

BRANCHES "AND AGENCIES AT: Alexandria Honolulu Bangeon

Bangkok Hsinking

Batavia

Berlin Bombay Calcutta Canton Dairen

Karachi

Bio do

Caneiro

Kobe London

San

Francisco

Los Angeles Seattle

Manila

Semarang

Moji

Shanghai

(Dalny) Nagasaki Singapore Fengtien Nagoya Seraheya

(Murden) New York Sydney

Hamburg Os Hankow Otars Harbia Parix

Tientsia

Tokyo

Tringtao

Hong Kong Peipia Yinkow...

Interest allowed on Current An counts.

VLAGOUVER Yokohams

Deposite received for Fixed Period at rates to be obtained on application.

Y. KANO,

Manager...

Every description of Banking Hong Kong, 10th March, 1937. and Exchange business transacted.

Loans granted CA spproved securities.

·

Current Accounta opened in

IRON INDUSTRY Local Currency and Fixed De H. K. SHAREBROKERS

ACT

Opinions Sharply Divided

J

With a "view to discussing its

posita received for one year of shorter periods in Local and Foreign Currencies on terms which will be quoted on application. Safe Deposit Boxes To Let.

KAN TONG PO.

Chief Manager.

The market closed with sellers attitude towards the Iron Industry and business

and 30 5/18 Act drafted by the Department of remitted. April-July, buyers at BD 17/16 Commerce March-May and 30 378 June-July.

JOSEPH & CO. Hong Kong. MAI, 20 Messrs H. B. Joseph & Co, re- ground of experience in mining felds the wald over, particular-ceived the following quotations Another geophysical crew Just started a survey on the Ma-ily as general manager for a large from Singapore in Straits Currency at: 30 3/8 March guinto Mining Association prop- Belgian concern in Portuguese East arty near Batabulani, Camarines Norte. This survey is under the direction of George Oates, geo physical engineer.

Africa.

In order to speed up work at the Rio Verde property, a considerable quantity of equipment and supplies Mr. Clarke stated that two geo-has recently been shipped from physical surveys were completed Manila. This equipment includes on March 5, one at Surigao Suyoc a complete assaying outfit, survey-

and

one for the Premier

Mining Company.

Pilling instruments and supplies,

pleks and shovels, five tons Horace S. Moore, chief of the rails, and Koppel mine cara,

of

for Raw Rubber:

21

Spot

Buyers

43 Up 18... 431 UD 1 431 Up 13 434 Up 11

Market:-Firmer.

April-June July-Sept. Oct.-Dec.

large steel company to come to geophysical division of Develop Mr. Clarke stated that Mark E. Manila,

ments,

Itogon

Central

KOREAN SHEEP BREEDING

profit tax will be':

and Industry, the All manufacturers are to reach Tekko Kyogikal, a private count on agreement as regards the sale of iron and steel manufacturers, of their products as well as the will call another meeting of the purchase of raw materials. Such Board of Directors, states the an agreement may be on a volun- "Japan Chronicle.” ~· When the tary basis, but it must be reported Board met previously there was no to the Government promptly. The agreement due to a sharp division Government will supervise the of opinion,

from and steel industry. A speciai The Oriental Development Com- According to the draft plan re- committee is to be appointed to any which is rearing some 7.000 leased by the Department of Coma- discuss all important problems re- | breeding-sheep at its four pastur- | merce", and Industry to the lative to the industry and

geonjo. Keigen. Kunkal, and Association, the new measure will At the above committee meeting

c. recently returned Hubbard consulting engineer for William Bost, geophysical engi-Kakusan, has decided to estab, feature the adoption of a licen- on March 4th. It was generally an inspection trip to Min-Developments, has just returned peers, a graduate of the Colorado Tsh a new panturage covering sing system. Hemission of taxes admitted that since the trade con- annao and will act as consultant from an inspection of several prop School of Mines, has had consid-2,000 chobu in area in Kelgen-gun, and other protective measures will stitutes one of the basic industries its

and erties under the management of "erable experience with Dr, C. A. North Kánkyo, province, this be retained as a rule. for the

The control is unavoidable. Many traders, his company in the Bagulo die Helland, world-famous geophyal-spring. Of 2,500 sheep to be minimum capacity for one, bass however, stated that the licensing Maguinto surveys.

Frank Spear, radio technician, trict. Three engineers have arrived clat.

shipped from Australia before long operations, that is way from the system is able to block the éx- has assumed active charge of to join the staff of Developments. Clayton B. Ott, graduate of the 1,500, will be allotted to the new ore to steel material, will be raised tension schemes which are zo Rupert Foley, who spent four University of Kansas, has recently pasturage and the remaining 1,000 from 25,000 to 100.000 tons. To argently required in this country. years at the Michigan College of been assistant manager for the to the Kokan pasturage in Tokal encourage the use of iron sand Dissatisfaction was most evident Mines, left his position with a Alexander Lode, Inc., of Idaho. Province.

and low content ore, income tax on the part of small outsiders,

laboratory research and construc-

tion of geophysical apparatus. Mr. Clarke 'said,

rl

ASSOCIATION

BUYERS

Bank of E. Astá, $874. Underwriters, $1.50. Providents, (Old), $2.40.. Providents (New), 20, cts. Hotels, $8.05.

"Land Debentures, $1021.

Realtres. $61. Humphreys, $9.20.

Trama, $154.

China Lights (Old); $15.10. China Lights (New), $12. Electrics, $51.

Telephones (New), $13.60,

Canton Ices, $2. Cements, $15.69.

Dairy Farms XD, $20. Entertainments CD, $470.

SALES

Underwritera, $1.50. Providents (Old), $2.35. Providents (New), 20 cts.

Hotels, $8.10. Realties, $61

China Lights (Old), $15. Electrics, 1811/1 Telephones (New), $131, Ropes, $4.85. Dairy Farms XD. $28.10,

+