1937-04-26 — Page 14

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers'

Association

SATURDAY.

Bayese

Boiler

Anise

| Nosalta.

APRIL. 24,.~]

hu

altera

1655

193

$399

£33

369

$1.60

5120

#320

B.

ELIOI 213)

Banks 1,60 Do. (London) ...

LUFT

Chartered Banks

141

Mercantile Bks."

21st

Do.

"U

Bank of East Asia.

·Rist £33) 210

1.1

N. U. & S. Dacks

Insurances

Canton iusATMAQUE..

Union Insurances ***

1822

H

Underwriters

......$1.80

$1.80

H.K. Firs

$983

International Assco, S.

Shipping

$36

Douglasss

!38

39

Steamboats

$35

Lanos (prof.) „keçirən

+50

Do. (dof.)

+9 $35 ងរ

108/11 Shell

$8.45

20/B

$8

Waterboate

Mining

Kailans ......

+13.70) Haube

Apuodueia vold Fida.

Decks, Wharvės,

Godowns, etc.

H.K. & K. Wiarvon.

Providents (old) ... 42.15 | $2.25

Do.

H.K. & W. Docea. Shangnai Docks S. New Engineerings. Lands, Hotels, and Bul.dings

+

*****....$7.95 $7.35

.352

11.K Lands.......................8. Do. 4% Debentures

augusi Lauda...

$1164 $2.5

2.2012

25 ot-

*312

69

931

H.K. Hatele

(De) 20 ets

alh

17.30

:7,30

$35

9105

Metropolitan Lands...

H.K. Realties.

China Duash

"Do. Deboutures3.

Chincue Estates..

36,90

$137 *2

$15.20

8: 3*,

Humphreys 19.31

Cotton Mills

ERON.......

S'ha Cotton(old)S.

::

HONG KONG DAILY PRESS, MONDAY, APRIL 26,

1937.

THE SHARE

MARKET

Harriman's Weekly ReportTM

Messrs. G. A. Harriman & Col's weekly share report and market review issued at noon on Saturday states:

Much brighter conditions have zuled in both Hong Kong and Manila during the week under re- view, and gold shares have reacted- upward sharply in quite specta- cular fashion. Cessation of "short" selling coupled with more reassur- ing cables about the Philippines political" future: optimistic news as to the outcome of the sugar conference and the allaying of fears regarding the US, gold price, have all combined to restare con- fidence. Our local market has re- 18/1fected the better feeling in Manila and after the April settlement (on Tuesday next) business is likely to expand still further.

2.0 13 8.20

TI

2114

$2.25/20

งา

$104 33

7.35

#101

16

$16.90

11.

363

83

***

Du

(iews.

31

Zoong Sings.....

141

Wing On Textiles. 01

Public Utilitiam

!IM

Tramway

3131

Peak Trains (old).....] 14]

.

Do. (new)...) 1.10

:80

***

Star Ferries inter

$25

Yaumati Ferries..

$14,50

Chine Lights (old)... $14.40

$14.60

Do. (now)...

$80 $254

3143

180)

H.K. Electrica

100

161

$18

Macao do

1121 #204

Saudakan Lights ........

3997

Telephones (old)

330

$19.00

Do.

(new)...

$13

Ju

China Busca........

27/8

'Tractions

£6/6

27/-

Do. (pref.).....

Industriais

$6

$17

Caldbook, ori.) 8.

12

ilaogregors f、prq1j8.

Canton Icas

($15) | $15.60|| BID BO

$16.75

186.33

1251 -540

$1.

(new) 15 ata

19.

Nanyang Tobacco...

$7

12.00 83,70

€5.56

Sinceres m'ar Watsone

$3

3. C. Enterprises

D8%

Ch.G. 67, 19286.3Bd.

J8%

prox

HK. Dort 4% Laun

#108

pr.m.

Do. 31%

ol

་་

Wallace Harper

$50

H.K Wing On ......!

B'hai

201

14

Vibro Piling .......

$100

26/2

7/6

40 ats

Wat Borella

(HK)

Sales to Shanghai

1201

43 s

11.

14.70

$1.60

c

Comoute

ilupes motstzoneki Miscellaneous Dairy Farmakoormali Ch. Etainments....... Constructions, (old)|

Do,

Lane Crawfords......

من

{Marsaisņa Inv.{Lon.)

::

THE SOARING PRICE OF PAPER AND

CHINESE PAPER, INDUSTRY

Hong Kong utilities have agala 'been the medium of a fair turn- over. Electrics, after early, week exchanges at 3594, rose sharply to sales at 381, closing with buyers bidding $60). China Lights were freely dealt in between $1410 and $14.65 closing. and the "new" sold at $14.20. Trams were taken in quantity up to $15.30. Peak Trams continue to be wanted at Hi for the "old" and 314 for the "new" Star Ferries are on offer at $864. Telephones (old) are again better at $294 and the "new" at $12.80. Our utility companise stand to from the benefit considerably coronation celebrations. particu- larly lighting and transport undertakings.

Cements have been well sup ported up to $154 and the con- siderable buying of this share augers well for further improve- ment. Ropes Are about changed at $5 buyers. Dalry Farms are better at $251 buyers with sales reported at $251. Wat- sons have been depressed to under $5.00

ex, but we anticipate near this level buyers attracted.

at

be

Sinceres remain "elther side of $2.80 and Constructions (new) were taken at 45 cts. Bong Kong Government 3 per cent. loan was negotiated at $102 and the 4 per cent is wanted at $1083.

Ewos have firmed sharply to 5$16.00.

Wharfs are wanted at $115) and Providents (old) at $2.20 after dealings between $2 and $2.25. Docks were again a, lively market with cash shares taken up to $32 for and at proportionate rates forward delivery. There appears to be little doubt that this com- pany is doing very good business and is likely to continue to be for some long time to come.

Douglases have buyers at

LONDON EXCHANGE RATES

New York

(British Wireless Service)

12,261

F

BANK Ç

HONG KONG AND SHANGHAI

·BANKING CORPORATION

Authorised Capital

(***) $50,000,000

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

Reserve Funds :—"

Sterling

Hong Kong Currency

Reservo Reserve Liability of

Proprietors

#

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter, 1849

HEAD OFFICE: LONDON.

£6,500,000 Paid-up Capital..........

$10,000,000 Reserve Fund

$20,000,000

Head Office-HONG KONG.

Board of Directors. G."Miskin, Esq.

Rosse Liability of Pro- prietors.

£3.000.000.

£3.500.000

-.... £3.550.00

Agencies and Branches:- "HALGUN

ALOR STAR ILOILO AMRITSAR ¡POR BANGEUX KARACHI

BATAVIA KLANG

SEMARAKO

April 22,

110 5/32

April 21. 111 5/84

Paris

21,59

21.352

Gane và Berlin

12,29

Athena

930

93 11/16

Mulen

Copenhagen

19.41

Stockholm

Shanghai

4.93 15/10 9.02

4.93 8.901

141 7418

..

BKALMBAN

BHANGHAI

Madrid

Chairman.

BOMBAY

Lisbon

Hon. Mr. M. T. Johnson,

CALCUTTA

Hong Kong

Deputy Chairman, | CANTON

KONK XUALA

LUMPUR

SINGAPORE

SITIAWAN-

BOUBABAYA

Bombay

J. K. Bousfield, Esq..

Montreal

29.24

29.19

A. H. Compton, Esq.,

CAWNPORR cka

KUCHING

TAIPING.

MADRAS

TUNTAIN

4.923

4.92

S. H. Dodwell, Esq.,

COLOMBO

MANILA

J. R. Masson, Esq,

DALHI HAIPHONG HAMBURG HANKOW

MXDAN NEW YORK

Amsterdam Vienna Prague

Brussels

Yokohama

Belgrade

Monte Video Rio

# Bucharest

Silver (Forward)

Silver (Spot) War Loan

Closing Quotations

Telegraphic Transfer..

K. 6. Morrison, Esq., --

Hon Mr. J. J. Paterson,

T. E. Pearce, Esq.,

A L Shield, Esq.,

V. M. Grayburn, Esq4

Chief Manager.

Branches:-

ilaila .Paiping

Penang

Rangoon

'Saigon

Sad Fraz-

aisoo

Dairen Lyons Sourabaya

HARDIN

PRIVING

(Peking)

PENANG

KONG KONG RANGDON

TONGKAR...

(Bhuket) TRINITAD

XOKOHAMA KAMBOANGA

. FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTS opened and "FLAED DEPOSITE received for One Year or shorter periods at rates which will be quoted on applica tion."

The Bank's Head Office in Lon- don undertakea Executor & Trustee business, and claims roouvery of British Income Tax overpaid, on torms which may be ascertained st any of the Agencies and Branches.

R. W. ROBERT,

Напарет

20 13/16

201

201

20 7716

31 103 104.

Amoy

April 24, 1837.

ON NEW YORK: ----

Bangkok

Ipoh

ON

LONDON:-

Bank Billa, on demand 30 7/16

Batavia

Johore

Credits, 60 days' aight. 301

Bombay

Kobe

11/2 Bank Bills, on demand · 27/03 Credits four months'

sight

Oer BATATA

Calcutta

Kowloon

Canton

Kuala

Du demand

55 5/16

Chefoo

Os Pants:

1/2 1/32

Colombo

London

Lumpur Shanghai

Singapore

Bank Billa, on demand 635

Cradite, 4 month's sight 712

102)

Foochow Malacca

ON SAIGON

On demand

· ទន់ង់

Haiphong Manila

524

ON MANILA:--

Hamburg Muar

Sungai

Patani Tientsin

Hankow

On. demand" ..

604.

ON BANGIO:-

106

Ou demand

Harbin Mukden Tsingtao Hongkow New York Yokohama

1403

SOVEREIGNS Bank Buying

Bato

BAR SILVER, per ca.

03/18

Or SHANGHAI:—

On Demand ON SINGAPORE:--

On demand On JAPAN :—-

On demand

On Linza: -

Telegraphic Transfer... }811 Bank, no damnod.........

H. K. STOCK EXCHANGE

SATURDAY'S OFFICIAL

QUOTATIONS

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Saturday, April 24. Silver prices dropped 1/8 yester- day for both deliveries, the quota- The market was quiet, and lions being 20 3/18 for Ready and turnover restricted, but the under-20 1/4 for Forward. Silver ad- tone appeared to be firm,

vices attributed the drop to Jack Manila advices were inclined or support. India bought at the decline. After the official fixing there were buyers at 1/10 over the quoted ratę. Sellers were scarce. American Silver was quoted at 444 for Spot,

•

un

to be reaction, but the market close steady, with prices

or only slightly lower changed than at the previous close.

BUYERS

Hong Kong Banks, $1855. Bank of East Asla, $92. Canton Insurances, $322. Union Insurances, $822, Underwriters, $1.00.-

H. K. Fires, $280. Douglases, $38.

H. K. Wharves, $115

Providents (old), $215.

H. K. Hotels. 57.30.

$38

H. K. Lands, $351.

but steamboats have subsided to é nominal quotation of $9. Hong Kong and Shanghai Hotels were active up to $7) ex dividend,, but shares are now available under this. Realtys keep very steady. round $5.90, Lands eased to 354 at which buyers are now interested, Humphreys are in good enquiry

$9.30 Bank and Insurance shares continue in enquiry, Hong Kong Banks were dealt in at $1860 and $1865 and Bank of East Asia at $91. Unions Bold at $625 ex dividend.. Canton In- surances can be placed at $322) and China Underwriters at $1:80, after sales during the week down to $1,40.

"China was the first and earliest | bruary, 1936 was 13.70 In Febru- country to invent the art of pa-ary this year it rose to $5.

Philippine Mining. Some appre- per making, which is generally at- The rise in the price of paper clable gains are shewn by the tributed to Tual Lun of the Han in China is not due to the devalpa closing quotations and this market Dynasty atates the "Twa Pel Jth tion of the Chinese currency but has been more active than for Pad? It was in 751-A.D. that this to the changes in the world mar-several weeks past. United Para- art was transmitted to Arabią from ket. In the latter connection, a pale were strong up to $140, and China. Unfortunately, during the | Shanghai forelgqer, who is Chair-Consolidated Mines were dealt in. last 1,000 years China has made man of the Association of paper quantity, around 5

Ban no technical advance in the manu- importers, is quoted as saying that Mauricios tó 34.15 East Mindanao facture of paper, whereas in the rise in the price of paper must to 47 cts. and Demonstrations to Europe the industry has shown re- be attributed in the first place to $1.35. markable prpgress. Since the de- velopment of modern education

SINGAPORE RAW RUBBER

HLB. JOSEPH & CO.

Hong Kong, April 24.

the gradual recovery of te world, Closing comment: Hong Kong from the economic depression of steady. Manila steady after being and the advance of printing the the last few years. Secondly, the very firm, with the market ap- in this demand of the rayon industry for pearing much healthier after its annual output of paper country not only has fallen far pulp, which is essential to the shake-out. short of the demand but the qual- manufacture of paper, has also Ity of Chinese paper has proved had a great deal to do with the inadequate for the needs of mo-soaring price of paper. dern printing with the result that "INDISPENSABLE ARTICLE" large quantities of foreign paper

"Paper has become an Indispen- have to be imported every year. sable article of modern civiliza- According to the Chinese Cus- tion. It ́assists in the spread of toms for '1936 the total value of knowledge and news. The demand- foreign paper imported into China for paper in this country is bound ceived the during last year was $50,000,000, to increase with the spread of po from Singapore in Straits Currency of which paper for printing ac-pular education. In view of the for Raw Rubber: counted only for: $14,000,000. On fact that there is little likelihood

Buyers the other hand, if we look at the of a decrease in the world price figures of native paper consumed öf paper, it behoves us to take ad- Jast year we find that they vantage of the present situation amount to about $9,850,000.que | to develop our nafiye, paper id- fifth of the total value of foreign | dustry. There are two paper mills paper imported.

in Shanghai, but they are on a

Messrs H. B. Joseph &.00., 78- following · quotations

Spot

May/June

July/pept Pdt./Dec.

39 down 394. down # * down 399. down i

Market:-Uncertain.

H. K. Realties," $5.90. H. K. Trams, $15.20. Peak Trams (old), $4. Peak Trams (new), $14. China Lights (old), $141. China Lights (new), $141. H. K Electrics; $60. Sandakan Lights, $124. Teelphones (ald), $29k

Cements, $151.

HK. Ropea, $51. Dairy Farms, $251. Sinceres, $2.60.

Ewo Cottons, sh, $169. S'hal Cottons (old), Sh.$117. S'ha Cottoria (new), Sh.592, Constructions. (new), 45 cts.

SELLERS

Star Ferries, $85. Cements, $15.80. Binceres, $2.70.

SALES

H. K. Docks, $317. Providents (old), $2.20/2.15.

H. K. Hotels, $7.30. Humphreys, 9).

H. K. Trams, $15)-- China Lights (old), $14.60. H. K. Electrics, $80. Telephones (old), $29. Cements $15.60. Vibro Piling, $86. :- Gort, 31% Loan, 2% Prem. Larsman (London), 28/2ł Ban Mauricio, 34.10/4.18.

U.S. GOVERNMENT TO HELP

Washington, Apr. 23... The State Department has in- structed the Ambassador in Berlin

The London/New York cross- rate was quoted at 493.10. New York/London was quoted at 403. 5/32.

MARKET

Quiet, steady.

STERLING There were sellers at 1/2 29/32 April/December, buyers at 1/2 15/16 for any delive.y. No trans- actions were reported.

U.S. DOLLARS

Business was done at 30% for April and 30 9/16 September. The market closed with sellers at 30 9/18 April/July and 301 August/ September, buyers at 302 April/ August and 30 9/16 September.

SHANGHAI DOLLARS Business was done at 1029/18 for cash. There were sellera at

| 102), buyers at 102 9/18 for cash.

SHANGHAI MARKET

There were sellers of Sterling at 1/2 17/32, huyers at 1/2 9/16 for cash. US Dollars, sellers at 29 13/16. buyers at 29 and for cash.

CIVIL AVIATION

IN

CHINA

1.

(Continued from Page 1)

Civil aviation has altered all this and opened up industry in a mar- vellous way.

IF

(Jobore) Tokyo

Fr

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

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

Hong Kong, 12th April, 1937.

HONG KONG SAVINGS BANK

HE Business of the above

TBank 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, 1997.

BANK OF EAST ASIA, LIMITED.

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

Profite

THE CHASK BANK

QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering com- plate Foreign Banking Berrior in the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, Naw YORE, with Resources over U.S. $2,027,000,000.00

D. M. BIGGAE,

Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

5,593,600.00 Capital (fully paid up)

Yen 100,000,000 00 2,776,790.76 Reserve. Fund Yen 132,650,000,00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT: Alexandria Honolulu Bangkok

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

Board of Directors:

Sir Shouson Chow, Chairman

Li Koon Chun, Esq. Li Lan sang, Esq. | Batavia P. K. Kwok, baq. WongChuson,sq. Barlin Wong YunTong,q. Kan Ying Pu, Esq. Bombay. Chan Ching Shel. Fung PingWah,

Esq

Eng.

Kan Tong Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager. -

Amoy Bataris

Bombay

Calcutta

Cacilen Eleopg Hankow

Hoa lala

Branches and Agencies —

Kowloon

London

Santia

Penang Bourkbeys

Bangacu

Bwitow

Bagan

Bydney

Kelbourne Bag Fran-

Tilboka

Tagszaki

New York Bentle Oaks

Tientelo Tukyo

Semarang Yaopavar Bhangbai Tokohama Peiping Bingspora

Every description of Esaking and Exchange business transacted, Loans granted on approved securities.

Current Accounts opened in Local Currency and Fixed. De- posits received for one year of -and shorter periods in Local Foreign Currencies on terms which

Safe Deposit Boxes To Let

KAN TONG PO,

Chief Manager.

Take for example the huge city. of Cheng Tu This was a long and passengers and themselves at the weary way from Shanghai in the riverside landing. Erh Bha Tao.

old days, yet now the distance can Stops are made at all the im- be traversed by air in a wonderful portant const towns along the fight across the magnificent route.

Calcutta

Hinking Karachi

Rangoon Rio do

Janeiro

Kobe.

London

San

Francisco.

Los Angeles Seattle Manila Semarang Shanghai

Canton Dsiren Moji

(Dalny) Nagasaki Singapore Fangtien Nagoya Sourabaya

(Mulden) New York Sydney. Hamburg Caska Tientain Haukow

Otaru, i Paria

Tokyo

Tsingtao Tinkow

Harbin Hong KongPelping

Interest allowed on Current A

connta

Deposits received for Fixed Periode at rates to be obtained on application,

Y. KANO,

Manager.

Hong Kong, 10th March, 1937.

URBAN COUNCIL

Agenda For Meeting To-morrow

The fortnightly meeting of the Urban Council will be held morrow at 4.15 p.m. Orders of the day are as follows:

Application for a laundry licence for. No. 100, Fel Ho Street, ground noor. - Application for an offensive trade

ground floor.

Regular Returns

Yangtze Gorges in just eight hours! FLYING OVER THE GREAT WALL Moreover it is not only business Perhaps the most interesting trip | licence for No. 198, Haf Tan Street, men who make this trip. It has of all is the fight from Shanghaf a great attraction for the tourist to Felping. The plane starts off as the scenery around is very beau-along the coast to the summer re- tiful, and, if they stay a few days sort Tsingtao. where a stop is at the Mission there they can see made. Then comes a fight over (or perhaps essay to climb) the marvellous, wild and mountainous highest mountain in

Scenery to Tientsin, where, another stop is made. After that the way lies over cultivated lands, and miles

reached.

CHINESE LADIES Chinese Jadies are taking to the

VOLUNTEER CORPS.

ATHLETIC MEETING

The annual athletic meeting of the Hong Kong Volunteer Defence to render all possible assistance to air in a most surprising manner, of growing wheat until Feiping tz Corps will, be held at Bookcunpoo pa Helmuth Hirsch, who was con- and the China National Aviation

day Saturday, May 1 victed several months ago of trea- | Corporation have lately been Those who want a new sort of The Putting the Bhot event 11 son by a German Court and is due carrying a great number of lady- thrill can charter a small private be decided on the Murray, Parade to be executed in a few weeks' passengers, who seem to thorough- | plane, and fly to the Great Wall of ground at 5.30 p.m. to-day, while time of

ly enjoy the trip in a comfortable | China.

dr the Tug-of-war heats will be held Pullman Gust like those used in Not even Kubla Khan ever knew on Tuesday at the same time, America) with a passage down the an adventure such as thin or viewed The following is the draw for middle, and an armchair with a the Great Wall as the birds do the Tug-of-war: window for each passenger... from the sky! Yet now, anyone Static Machine Guns ▼ Const

The fight from Shanghai to can have this experience by just Canton is made by firing-boat along buying ticket from The China the coast, and on arrival the National Aviation Corporation.

There was at first some doubt of Hirsch's citizenship, but, the

mined that he is an American citizen and is informing the Ger- man Government to that effect: Revier,

RISING PRICES small scale and can hardly, most to establish a paper intl at Wen-State Department has now deter "The price of paper has risen by the demand of the printing and chi under joint omcial and com leaps and bounds during the past publishing industry in the country.mercial auspices. It is to be hopea Tew months The price of one it is gratifying to learn that the that the mill will be opened at an team of news print paper in Fe-Ministry of Industries has decided early date."

北

Défence.

Chine

Corps Infantry v Moblie Machine