1937-04-23 — Page 12

$350 $820

$36

1::

***

Di

Hon. Mr. J. J. Paterson,

A. L. Shields, Esq.,

V. M. Grayburn, Esq.,

Chief Manager,

Peiping

San Fran-

disco

HARDIN

(Peking) sanoAFGA TENANG

HONG KONG MANGOON

FOREIGN EXCHaxor and General Banking Business transacted,

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Ons Year" or shorter periods at' rates which will be quoted on applica tion.

22nd April, 1937

21st Apr.

Timo Received

B.... S.

Closing Rates

2.35 9.55

215)

Antamoks

1.15

1.10 1.20. 1.16

Átoks

31 33) 32

***

1350

1017

Baguio Gold

$3

21

23

£38 23

$1.35 $83

Underwriters

...$3.00

$1.50

H

Renguet Consol

... 11.50

11.95 12.00

10.50

"12"

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Sharebrokers"

Association

THURSDAY.

Mayes Builera

Bi

Nominal]

Belir

APRIL. 22,

Bayeru

Belt

Mamin,

Bauka

$16551

1,855/11,860

£1181

H.K. Bags .....................

Do. (London) ...)

$1,260

213)

Ubartered Banks ...

£33 £15

Mercantile Biɩ “A”

Do.

Bank of East Asia... $30

N. 0. & 8. Banks ...

Insurances

'Canton insamaUOSE,

Union IgauruoB ....-|

HONG KONG DAILY PRESS, FRIDAY, APRIL 23, 1937.

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS' ASSOCIATION

Gold Mining Quotations

Philippine Gold

fac

1.

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION"

Authorised Capital 850,000,000 Jasued & Fully Paid-Up $20,000,000 Reserva Funda:

Sterling

........£6,500,000

Hong Kong Currency

Reserve Liability of

AUSTRALIA AND CHINA Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON.'

Paid-up Capital........... $10,000,000 Reserva Fund

Reserve ability of Pros"

prietors...pe

Proprietora ***........ 20,000,000 |

Head Offles:-HONG KONG

Board of Directors.

J

******* £3,000,00 **** ******* 23.000.000

£3.000.000

Agencies and Branches:-

ALOR. STAR AMRITSAR

BANGKOK

BATAY LA BOMBAY

ALOILD

iPOR

KLANG NOBI

BAIGON

cloa,

cloa.

9.58 10.05 10.24" 19.37 10,83 11.17 2.30 60 3.08

3.25

3.45

BENARANO

1:20

KARACHI

BEKEMBAN

H.K. Fires......

8283

TH

International Assoo, S.

Benguet Explor

.11

16

111

K

shipping

Big Wodge

211

20.

23

Dongines

$38

Coco Grove

87

33

19

dreamboats

19

Consol Mines

.020

028 .030

$35

Indow (pre) corre

335

Do. (def.)

Demonstrations

73

73 70

160

10/71 Shells

110/7/

E. Mindanao

201

261

978

37

19.45

Waterbosta

191

G. Goldfields

16

18

154

20/9

Kailans

18

26 ota.

#864 1861

22.071

$31,

*40

14.40/

Mining

Yelazuela dold Flds.

Docks, Wharves,

Godowns, etc.

H.K. & K. Wharves.

-Providenta (old) ... Do. (new) ILE. & W. Docks

Sits Shangnai Dock S. $31

New Engiuvorings, Lauds, Hotels, and

131

60/601 ...

118

lui dings

H.K. Hotels

Lands.....Ö.

Do. 47% Debentures Shanghai Lauda...D. Atetropolitan Lands..

H.E, Keulties........................... China Do .......................

Do. DebouLULUSƏ, Humphreys ......... $9.3u

Chincan Exta (038, +41 ++ ||

Colton Mi

S'ha Cottons(old)S.

Da.

Zong Sings....... Wing Un Textiles.) 361

-Pablo Utilities

"Tramways

Poak Trams (old)... 14)

Do

(now)... $1.10

Star Ferrics en

Yaumati Forries

www

China Lights (old)... $14.50 $14.70| 14:40/|

Do. (new)... $14,95

H.K. Electrica ................. 1801

Sandakan Lighita ........

Itogons

1.10

1.05

1.10 1.10

! 3:

21,6

L, X. L

75

76

47

$13

$8.30

Masbates

alj

32

33

321

Mia. Resources,

20

35

30 25+

Northern Mining

081

10

12.10

1314

!!!!!

$1146

Pareosle Gumaus

19

48

08

49. 础

081

50

San Mauricio

1.90

1.95 2.00 5.00

20 ota

Sayoc Consol

36

38

384 384 - 38

8101

United Paracales

60

65

69

€8

LUSH 11 & 8111TE

22

87 យ

ཏཱཾ་ ། | ྃ༔ ། ê |, ། | ।L f } |g

33+ 225

18

36

„G. Miskin, Esq.,

BHANGHAI

Chairman.

exe

SINGAPOR

Hon. Mr. M. T. Johnson,

CALCUTTA

KUALA

KITIAWAN

11.75*

Deputy Chairman, Į CANTON

LUMPUR

BOUXAHAYA

J. E. Bousfeld, Esq.,

A. H. Compton, Esq.,

8. H. Dodwell, Esq.,

GAWNPORE" KUCHING CIBU COLOMBO

KADRAB

TAIPING TIENTHIN

MANILA

TOXGKAR

.030

.031

.030

J. R. Mason, Esq.,

DELHI

MEDAN

(Bhuket)

K. 6. Morrison, Big.,

HAIPHONG

KEW YORK

TRIKOTAG

HAMBURG

PRIPING

TOKOHAMA

29

1. E. Pearce, Esq.,

HANKOW

181

1.15

4.

ह8

70

73

a| | !

1 2 1 1 1

1

Branches

Amoy

» Iloilo

Bangkok

I poli

Penang

Batavia

Johore

Rangoon

Bombay

Kobe

Saigon

2.10 2.15 2.20

Calcutta

Kowloon

Canton.

Kuala

Chafoo

Colombo "

Market Comment.

F

S1. S

VF

F

F

F F F $ VF VF F

S

$7.45

xd

IL

#101

H. K. STOCK

EXCHANGE

YESTERDAY'S

OFFICIAL

QUOTATIONS

Yesterday's steadiness developed into broadening activity, through- out the market, with a further im." provement in prices generally..

Docks changed hands from 531) up to $32, a fair business being done on that basis, both cash and for- ward. Trains were in good demand up to $15, and $152 was paid for Cements, which latter were also an active forward märket. Dairles advanced to $251, Electrics to $81. Lights to $14.05 and Providents to $2.15. Lands opened dull at $35, but buyers appeared later at $354.

Manila advices were consistently Arm. The market closed steady at a higher level than that recorded at the previous close, in certain instances considerable gains were registered,

BUYERS

Hong Kong Banks, $1,855. Bank of East Asia, $90. Canton Insurances, $320,

Union Insurances, $620. Underwriters, $1.60.

Milan

New York Amsterdam Vienna

Prague

Silver (Forward) Bliver (Spot) War Loan

ON LONDON:

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

sight

LONDON EXCHANGE

(British Wireless' Service)

RATES

37.45

-$5.80

!!!

7TTER (དྡྷིམྷི༔དྷ#zཧཱུྃ 1:|: 1མྦཥྞཾ ༔

$16.80

74/40)

135) $130

128

$10

36.90

34

180

(new 3.

$15

⠀

!!!!!

$16.60

1120

163

$30

1881 $954

***

16/0

Macao do.

#201

Telephones (old)

130

$12.90

12.80/13

Do. (new).

$1.80

12.85/12

Fil

China Busos.....S..

27/6

¿Pructions

27/-

Do. (pret)..

Industrials

$18

Caldbeck, ori) 8.

BL7

Macgregora prof.)8.

$2

Canton Leas

43

$15.66

3151

Cembata

#51

+

$15.70 $18.80 15.60/...

$5.30

4

$251

י

Воров, стіль

Miscellaneous

Dairy Farma......

Sinceren

Providents (Old). $2.15.

HK Hotels, $7.35

124)

14.70

Ch. Ebainment.......]

544

$1.50

Constractions, (old))

$1.80

45 Cis

Do.

(UB) 15 d.

10

Lane Crawfords....

19

Douglases, $38,

Nanyang Tobaco...

HK. Wharves, $115.

13.10

H.K. Docks, $32.

$5.25

WatsonA

I d

S. C. Enterprises..

४६%

prem

$108

H.K. Lands, $35.

Du.

3+%

CA

Wallace Harper

11011

HK Realties, $5.90.

$60

HLK Wing Un

$86

$100

Vibro Piling

$89

25/.

Maramana Inv. (Lon.)

7/8

40 cts Wm. Powells

(H.K.)

98. Ub.0.51928.914.

H.K. Gort. 4% LANESİ

prem.

*Sales to Shanghai

U.S. Textile Pact Praise

customer

of the and pointed out to the popular Japanese-American has been always

Dr. Claudius Murchison, Prest, third biggest dent of the Cotton Textile m- United States stitute, in his speech at the dinner that, contrary at Textile Square Club explaining in | notions, the detall the Japanese-American tex-trade balance tile agreement, praised Japanese favourable to the United States. textile industrialists co-operation Mr. Inone attributed the auccess

" in making the private negotiations of the negotiations to the ability

successful.

of the negotiators coupled with broad-mindedness and patience.

He asserted that "an important note was the Japanese agreement to the principle of quantity limita- tion as the most fair and practical

EXTRA MANILA

method of regulating their textile, CLOSING QUOTATIONS

trade to the United States in veh of the extraordinary cost differen- itials existing between the two ̈countries*-

·

Hong Kong. Ápr. 22. Extra Manita closing quotations Ogureș, kindly supplied by Memurs, Ella fad takar.

Humphreys, $9%.

Chinese Estates, $80.

HE. Trams, $15.15. Peak Trams (Old), $41. Peak Trams (New), $1. Star Ferries, $851...... China Lights (OMD); $14.00. China Lights (New), 214.30.

HK. Electrics, $504. - Sandakan Lights, $12. Telephones (Old), $294. Telephones (New), $12.90. Cements, $15.70.

H.K. Ropes,-$5,35. Dairy Farms $254. Ewo Cottons, Sh. $18.90. S'hal Cottons (Old), Sh.$117," S'hal Cottonis (New), Sh.$62. Wing On Textiles, 6.$61. Constructions (New), 45 cts.

SELLERS

HK Hotels, $ij. Star Ferries, $80). Cements, $15.90.

BALES

Hong Kong Banks, $1.855/1.860. Union Insurances, $625. EK. Docks, $311/32

·Providenta (Old)”, $2.10. H.K. Hotels, $7,45/7). HK. Landa, 335/351. Humphreya, $8).

H.K. Realties, $5.86.

p.m.

EK. Trams, $15.15/152

Associated Mines

007

007

China Lights" (Old), $14,85.

Acoje Mining Angelo Dulong

165

165

HK. Electrics, #61. :)

.12 .12

Telephones (Old), $293.

.11 075

.18

.195

Dairy Farms, $252.

129

235

.00

06

Describing the "character and policies of the Japanes textila in- dustry, Dr. Murchison said, "I take pleasure in correcting some false notions regarding Japanese stories which have been prevalent in the Gold Creek United States the composition Ipe Gold of Japan is not competition with Gold River junfavourable labour. conditions as Mother Lode

a totally different mode of life | Paracale Gold exists which is not comparable | Salacot wwith conditions prevailing in Batong Buhay. the relationship of Univeral Expl. america. the two Industries, there should Bued be no suspicion or depreciation." Dayaka

After the speech, Mr. Masutaro 'Crown Mines Tabue, acting Consul General. Mambulao

haracterized the Japanese-Ameri8yndicate Invest can trade agreement as a victory | Tinagso “of the size and take policy, He Banata Ross said that Japan has been the Mine Operations

Caq. Unq.

.16

:048 049

'Cementa, 315.65/153,

Telephones, (New), $12.80/13.

REICHSMARK RATES

Berlin, April 21. The Reichsmark was quoted, without "guarantee, al:—

New York

4021

.015

.015 22 236 235 235

.17.

...17

14

.136

25

2

.098.095

.160

.15

.11

11

UB dollars: 22562 to 29.557-- Tranunccan Neus Service.

SIG

Paris.... Amsterdam 73.40 to 73.43 London

1224

Paris sterling 110.50 to 110.55

Parka

Geneva Berlin

Athers

Apr. 19.

110-1/16

Apt. 21 111-3/32

21.56

21.56

12.241

12.252.

83-9/16"

932

Copenhagen

Stockholm ....

Shanghai

4.821

8.991

4:92-25/32, 9.001

141-7/18

Madrid

Lisbon

Hong Kong

Bombay

29.20

Montreal Brussels Yokohama

29.191

4.814

4.921

Belgrade......

Monte Video Fio

Bucharest

Lampar Shanghai London Singapore Dairsa Lyons Sourabaya Foochow Malacoa Sungei Haiphong Manils. Pataui Tientsin Hamburg Muar Hankow (Johore) Tokyo Harbin Mukden Tsingtao" Hongkow New York Yokohama

The Bank's Head Office in Lon don undertakes Executor & Trustos business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained at Any of the Agencias and Branches.

R. W. ROBERT,"

Manager.

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter 14, periods in Local Currency and Sterling on terms which will be quated on application.

Also up to date Safe Deposit Boxes in various sizes To" Let.

Hong Kong. 12th April, 1937.

BONG KONG SAVINGS BANK.

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

For the Hoxa Konɑ & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

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

BANK OF EAST ASIA, LIMITED.

Authorised Capital $10,000,000.00 Paid-up Capital .........

5,508,600.00 Reserve and Undivided

Profits............ 2,776,726.76

HEAD OFFICE:-HONG KONG

TER CHASE BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

10, PIN STREKT,

NEW YORK.

An American Bank offering.com. plete Foreign Banking Bervice in the principal Marketa of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHASE NATIONAL BANK, NUw. York, with Resources over U.S. $2,027,000,000.00

D. M. BIGGAR,

Manager.

THE YOKOHAMA' SPECIE BANK

LIMITED

Capital (fully paid up)

Yan 100,000,000 00

Reserve Fund Yen 132,650,000.00

14

Bank Bills, on demand 30 7/16 No. 10, Des Voeux Road, Central. Bangkok Hemking Rio do Credita, 60 days' sight 30%

55 5/16

20-11/16 201

201

20-9/16

31% 1031

31031

Closing Quotations

"April 22, 1837.

1 ON NEW YORK:-

ON BATAVIA!--

On demand

ON PARIS:-'

1/3 1/32

103

On demand................... E

529

OF MANILA-

Oo demand

602

ON BANGKOK :-

On demand

• ICB

1497

Ox India:-

Telegraphic Transfar... | 811 Bank on demand..........

ON SHANGHAI ? ---

On Demand

ON SINGAPORE:

On demand

OD JAPAN:

Bank Bills, on demand '686 Credits, 4 month's sight 719 On 841005-

On demande wall SOVEREIGNE Bank, Buying

Bate

atiysI/3 BAR SILVER, pero 201

23 GOVERNMENTS TACKLE THE WORLD'S

SUGAR PROBLEM

Board of Directora

Batavia Berlin

Karachi

HEAD OFFICEYOKOHAMA

BRANCHES AND AGENDIES AT Alexandria Honolulu Bangoon

Janeiro

Kobe

San

Bombay

London

Francized

Calcutta

Los Angeles Seattle

Manila

Semarang

Shanghai

(Dalny) Nagasaki

Singapore

Esq

Sourabaya

Hamburg Osaka

Tientsin

Hankow Otaru Tokyo

Harbin Paris

Tsingtao

Sir Shousen Chow, Chairman Li Koon Chun, Esq. Li Lan sang, Ea P. K. Kwok, Esq. WongChuSon, Esq. Wong YunTong,raq. Kan Ying Po, Eng. Chan Ching Shek, FangPins Wa

Esq.

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

Branche, and Agencies :-

Koret.com Konden Rangoon

Pasang Боставата

Ewald Bagon

Bydaly Tallaku

Melbourne Bandin

Amoy

Baaris

Bombay Calcotin

Cant

Baiphong

Konatalu Facia

Kabe

New York Destile Tokyo

Hankow Cheska Simmarang). Ysnoouver

Bhazabal

Padping Hingapore

granted

DO"

approved

Every description of Banking Twenty-three Governments" were To secure International agres- and Exchange business transacted. represented at the International ment for the maintenance of a Loans Sugar Conference which opened reasonable balance between supply securities. in the Locarno Room of the and demand on the world market Foreign Office, states the "Evening by undertakings being given: Standard."

The conference is an offshoot of the World Economic Conference of

1933,

Canton

Dairen ་་ Noj

Fangtion Nagoya

· (Mukden) New York Sydney

Hong KongFeiping... Yinkow

Interent allowed on Current Ac Dodats.

"

Deposits received for Fixed Periods at rates to be obtained on application.

Y. KANO,

Manager. Hong Kong; 10th March, 1937.

Currant Accounts opened in H. K. SHAREBROKERS' Local Currency and Fixed De- posits received for one year or shorter periods in Local and Foreign Currencies on tarins which

Safe Deposit Boxas To Let

KAN TONG PO, - Chief Manager.

(A) On the part of those coun- tries which do not at preset ex- port to the free market (whether they import or are self-suficient Mr. Ramsay MacDonald, head or export to a preferential mar of the British delegation presided.ket) that they will regulate their They were met, he said, to con- production or exporta so as to sider whether something could be maintain the free market at as done towards removing the trou-high a figure as possible; bles which had beset the world's sugar producers for many years.

"To-day," he continued, "the position is much better than it was, day four years ago, but pro-appropriate to the probable de will probably not be easy. duction in some of the greatest sugar-producing countries, remains at only about 50 per cent, of its former level,

There still is, in the world a capacity, to produce far in excess of present demand.

(B) On the part of countries supplying the free market, that they will regulate the exports as to keep supplies at a level

mand;","

"Our task will be to draw up rules which will apply to each group of countries, to deal with the particular part they are play- ing as producers, exporters and importers.

"The allocation of export quotas

"I hope that exporting countries (C) On the part of all countries, will not ask for export quotas that if and when

of the based on theoretical considera- free market fise, to economictions, but will keep strictly in level, they will do, what possible view the limitations of the fres to adjust protective

market as they exist to-day "0"], sidies etc., so as to pre at their To Remore Uncertainty

Mr. MacDonald added that he sing. U Eternal prices Many of the past dificulties of

regretted that in view of tits the industry have been due to which would check consumption many preoccupations he would not uncertainty, as to what world pro- and stimulate new,

and be able to find time to preside duction was going to be and, to thus defeat the face to coordinate the anger we are working. podcles of different sentaies

the post service that can be rendered now to,the industry, is to give jf Jupi ance of stability, and

I think, should be, thei

tal object of D, DEL

He suggested the terms Conference's purpose as:

288

ASSOCIATION

BUYERS

Underwriters, $1.60.- Douglases, $38. Providents (Old), $2.15. HE Docks, 932. Hotels, #XD; $1.35. Lands, $354. Trams, $16.20.

Peak Trams (Old), '#Ak... 'Peak Trains (New), $1,10. China Lights (Old), $1480, Electrics, $601. Cements, $13.70.

Dairy Farms, $251. Constructions (New), 45 cix Chinese Estates, $83. Atoks, 59 cts.

Paracale Gumaus, 88 cts. Bu, ocs, 68 cts.

Gonsol. Mines, § eta, East Mindanao; 47: sta. United Paracates, $129.

SELLERS

regularly over all the meglingsTITLE

the conference. He stated that China Lights (pid), $14.75. a chairman should be elected to serve in his absence.

WH Not Be Easy”.

Mr. MacDonald added: "It i Mr Ormsby dors was elected. clear that we cannot derise a

Dr. Collin, the Dutch Prime that, general formula applicable to, sji. Beinister, expressed, thanks to Mr. countries, as is done in the tin MacDonald and the British Gov- found, and, rubber agreementa, where ernment.

pt the

each participating country is given

a particulat export quota.

All further sessions will he held In private.

"RABALES

FL.K. Docks, $32/324. : Trams, $15/153.00 M09 China Lights (Old); $14.65) Electrics, $61

Telephones (New), $13. Demonstrations, $1.30.

Consol. Mines, 5 ctaj United Paracales, $1.10/13.