DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers'
Association
Buyers
Butler- Valen
SATURDAY.
MAY.
Mayerlere
Sales
Ik
$16701
30%
$1,56
#38)
PE
!!
Н.К. Виши
$1,886 1,870
€117
zo (London) ...
2151
Chartered Bunks...
2337
Mercantile BESA
£5
"U
Do.
Bauk of East dati... $73
NJU, 2 5. Bakal ke ***
Insurances
Canton Ingatanatya
Unw LasurALIOUA ........
Underwritur
{{uternational Assco, 3.
$395 302!
1200
H.K. Finde
$41
Pesupping
Doogiaana
..... SANI
19
DİGATION AN
$35
Liiket (PPVN) ma
+50
Do. (def.)
100/3
Shell ****
$9.46
20/8
SH
Waterbonts
Miolag
Kailang...
Venezuela Grund Fliis,
| $13,70) Kaubs,ramarines an
Docks Wharves,
Godawns, etc.
H.K. & K. Warves. $117
$116
vik
Providents (old) |
30 ct
A Do. (00)
331
H.K. & W. Docks
$3
Shangnai Dock, S.
New Engineeringas.
Lands, Hotels, and
Do.4% Debentures #101
::
31,885 $117
215)
£33
2104
우리
#310 1020
8983
HONG KONG DAILY PRESS, MONDAY, MAÏ 3, 1937.
THE SHARE
MARKET
Harriman's Weekly Report
Hong song May 1, MESSES. G. A. Hartman & Cos
weekly share report and market review issued at noon to-day states
The advent of summer weather bas slowed down business locally this week, for, on a generally dull market, the sentimental effect of
the sharp break in world com- modity and stock price has natur- $4.00 ally been reflected here. · So brok- ers and clients too we suspect!) are taking advantage of the sunny days, and leaving early for the Beaches and golf courses in pre- Ierence to."fogging a dead horse" in Ice House Street. Manila shares have been irregular; clos- (ing somewhat lower on the week.. The scare of a lower, U.S. Gold price is still with us and until fears of any change are entirely allayed, gold shares are not likely to recover from the attack of nerves, that is поче afflicting them.
19
$35
150
19
313
20,3
+8
.30.
2.
4101
$7.50
コンオ
书
Bui dings
>7.10
H., Hotels
1351
A m
F100
15
Shanghai Lasada....
$1.
Metropolitan Lands.
$5.06
H.K. Healties.........
14
China Do .......................5..
180
Do. Debentures.
Humphry ********
:20
10.615′′.
Chinese Estaba ....
Cation Mills Ewca
17
$117 503
$190
-31
S'hat Cottonafold,S.
Do.
Zoong Dinge
{ ́ Publis „URBÁLOM
Tramwayamine
15
.:
::
39.30
$30
3151
Dr
Wing Un foxlilos (53)
162
$142
Peak Tranis (3)... 24
Do. www...
11
.86
Star Ferries
$981
326
·Yaumati Ferric
$90
$14.00
Du (now)... H.K. Electron ............. Macso do.
314.15
10
Saudinkan Lights ****
33
Telephones (old)...
$12.70
Do..
(new)...
27/6
L
$14.40 China Laghits (old).......]
China Buses......
Tractions
Do.. (pret...
Industrials
$15 Caldbeck, ond
817
Macgregore (pest,78.
$2
Canton Ice
,315,80 $16 $18)
16.30
$16
34.70
$1.60
45 CLA 30.80
Ma
Lenients
Ropes
Miscellaneous
Dairy Farmas
Uh. E'tamente......
Constractivus, juki)}
Lo.
(U8W)
Lane Crawfords...
Nanyang Tobacco.. #7
Sincoru
Watsons.pw/ova
SU, Enterprises... 957 (CLG. 541925G.@ Bds,
pr-m. 24
H.K..Gort. 4% Loos!
Du.
34%
Wallace Harpur......
prea.
2.70
80.00
In spite of a dull market, large parcets of Electrics were dealt in at $60 and $61, with buyers still interested at the cheaper fcure. Telephones
LONDON EXCHANGE RATES
Shanghai-
New York
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
....... $50,000,000
Issued & Fully Paid-Up 820,000,000
Reserve Funds:-
Sterling
AUSTRALIA AND CHINA Incorporated by Royal Charter. 1833
Authorised Capital
(British Wireless Service)
Apr. 29.
April 30.
110 5/18
1101
Paris
21.57
21.58
Geneva Berlin
12.294
12.20
N
HEAD OFFICE: LONDON..
Athens
..£8,500,000
93 15/18
931
Milan
Copenhagen *******
Hong Kong Currency:
Reserve *******
Paldrup Capital.
£3.000.001
$10,000,000
Reserve Fund ..........
£3.000.000
Stockholm
1/2 5/18
4.94 9/16 9.02
Reserve Liability of
Proprietors
Reserve Liability of Pro. priators.
£3.000.000
$20,000,000
4.94 1/16 0.00)
Agencies and Branches:-
Head Office:-HONG KONG
ALOK STAR ILOILO AMBITBAR IPOK
BALGON
SEMARANG
141 13/16
Board of Directors:
G. Miskin, Esq.,
HANOROK HATAVIA KLANG
KARACHI
SEREMBAN
ABANGHAI
KORE
SINGAPOR
Lisbon " Hoar KonT
Hon. Mr. M. T. Johnson,
HITIAWAN
Deputy Chairman. CANTON
LUMPOR
BUDRABAYA,
Bombay
Montreal
29.281 4.93 9/16
29.25 4.93)
J. K. Bousfield, Esq.,
A. H. Compton, Esq.,
S. H. Dodwell, Esq.,
CAWNPORE LEBU
COLOMIO
KUCHING
TAIPING
MAUBAS
MANILA
J. R. Masson, Esq
LELE!
MKDAN
HAIPHONG
NEW YORK
HAMBURO
HANKOW
Amsterdam Vienna Prague
Madrid
Brussels Yokohama
Belgrade
Monte Video Rio
Bucharest
Silver (Forward)
Sliver (Spot) War Loan
Closing Quotations
May 1, 1837.
On London:
Telegraphic Transfer... 11/9" " Bank Bills, on demand [27/32 Credits four montha'
sight ON SHANGHAI:
On demand
On Japan:— „
(old) exchanged at On Demand $30. and the "New" are $124 bld. ON SINGAPORE:— Trams have come down to $15 sel- lers, buyers, offering $144. China Lights (old) are on offer at $14.40 and the "New" obtainable 25 cta
Electrics cheaper. Macao
have buyers at $171. Sandakan Lights at $12 and Singapore Traction ords...at 27}~
.
Cements were very active up to $16 and with the big military de- velopments taking place in the Colony from which the Co. must beneft, this share appears conser- vatively valued. Ropes have smail enquiries at $5.30. Dalry sold as high as $26 and Sinceres are again Con enquiry at $2.70. Lane Craw, fords came out with an unexpect- ed dividend announcement of 8 per cent., which is the first divi-
O
"On demand
INDIA:-
4
ON New York:
Chairman.
BOMBAY CALCUTTA KUALA
K. S. Morrison, Esq..
Hon. Mr. J. J. Paterson,
T. E: Pearce, Esq.,
A. L. Shields, Esq.,
Kobe Kowloon San Fran-
Bisca Lumpur Shanghai Loadoo Singapore Dairea Lyons Sourabaya
201
201
20 7/16. 31% 1011.
20 7/16
V. M. Grayburn, Esq.,
Chief Manager.
Amoy
Bangkok
Branches:- Iloilo Ipoh
Bank Bills, on demand 30%..
Batavia
Johore
Credits, 60 days' sight. 301 18 Bombay
Peiping Penang Rangoon Saigon
ON BATAVIA:-
Calcutta
On demand
154.
Canton
Kuala
ON PARIS:-
Chatoo
1/3 1/32
*** 102
Bank Bills, on demand 892 - Credits, 4 manth's sight 712
Colombo
OK S1100m
On Jemund
68.
SRt
ON MANILA:-
On demand
ON BANGKOK :-
... 100
A On demand
149%
SOVEREIGNS
Bank Buying
BAR SILVER, par ca
མ 50
Telegraphic Transfer... 1811
Bank, on demand-............
H.
K. STOCK EXCHANGE
YESTERDAY'S.
OFFICIAL QUOTATIONS
Interest revived during the mor-
and
dend distributed by the company ning's short period of trading, with since 1932. A resumption of divi-Cements dealt in, both for cash dends by this "uxury store" is de- and for forward, on the basis of finite indication of the greater $15.80 cash, while Trans 120 80 spending power of the Colony's Hotels were negotiated
inhabitants and is another poin- $14 and $1.45 respectively. ter" to the improving earnings of
Wharves were enquired for our well managed companies. Lane Crawfords are $9 cum.
31283
S8/6
16.80
16.2
1951
$11
15 ota
10
#2.70
35
31.
987 $108 101
100
UK Wing o
Sha 1)0
$100
2/
Marsalans driv, (Lon.)|
7/8
(EL.).
40 cts.
Wm. Powolle
**
HX.Return of Capital 12] Vibro Piling...........
•Sales to Shanghai
LONDON'S SEVERE
FINANCIAL PANIC
How Will May Settlement Pass Off?
London, May 1.
DECISION CRITICISED
Ewos. are quietly steady at Sh., $163 middle and Shanghai Cot- tons are wanted at Sh.$117. -
Vibro Piling had sales at $61 and there are now buyers at $6.20. Construction (new) continue to be :wanted at 45 cts.
Wharts appreciated to $113 sales. Providents fold) were again fairly active up to $2.35, closing sellers at $2.30. buyers at $2.25. The (new) were enquired for at 30 cents. Docks are very steady at $31 middle, with sales reported during the week at $91 and $314. Hotels are quiet, small business was done between $4.30 and $7.45 and there are now sellers at the higher price. Lands can be taken at $351. after sales at $35). Hong Kong Realtys made $5, and at alightly under there are still buy- ers. Humphreys exchanged at $01.
Of
Insurance shares, Cantons were popular, the annual figures proving most satisfactory. Busi- ness done at $325 eum. Enions sold at 3622, China Underwriters are $1.55 buyers. Hong Kong Banks are wanted at $1865 after business at this gure. Bank of East Asia are now $93 bid.
Philippine Mining:The market
ruled easy after early firmness
News from the producing mines is very satisfactory, but gold price rumours and the
weakness fr overseas Anancial centres bas discouraged investors.
Closing comment. Hong Kong- Quilet and Inactive! Manila- Steady, after liquidation.
London's severest financial panic as soon as the necessary liquida- In many years la not yet över. tion is effected, several of the big- Though some recovery can be seen gest interests, who since the be- in the markets, intense nervous- i ginning of the year, have been
BUS STRIKE ́news still persists, the only topic selling, are expected to replenish
question their portfolios before the public great gravity, especially in its poli- The bus strike is viewed with of discussion. being the "How will settlement day on the rushes in to pick up bargains. Stock Exchange on May 6 pass The Odvernment's decision to tical aspect, as the busmen's com-
introduce the Defence Loan dur-mittees are rumoured to ing the past week of crisis is severe- ly criticised.
of?"
háve forced the Union's hand.
Fears also exist lest the strike
Many quarters are of the opinion that it is essential that the Gov- ernment resort to compulsory ar- bitration.
Qwing partly to the Gold scare, partly to the growth of prefis tax, but mainly to collapse of the huge The loan has proved a failure, spread to other forms of transport. world-wide
between £25,000,000 speculative position, only
and operators during the past account
£35,000,000 belag subscribed by have sustained enormous losses. the public. The rest has been taken These must be settled on May 6. over by Government departments.
Finance houses and other big Insurance brokers and others are *interests are trying to support now hoping to obtain the loan at
prices while the market is ex- expected to talk up values, before noon on May 2. when prices are made up for settlement, so as to cut down diaren
a moderate discount.
MARKETS UNSETTLED the markets Have also been settled by the strike news, though 113 general sphered at the Even if the settlement passeselt così strike (scheduled for May 22) quietly, a sustained advance is not is not likely to eventuate, as no- "likely," aincé subsequent rallies will one wants. it and the only point bring out Hauidation of accounts ] at dispute being which Union the at present, being carried.
Nottinghamshire' miners will join,
at $117.
BUYERS Hong Kong Banks, $1870. Bank of East Asia, $92. Underwriters, $1.55. Douglases. $384.
H. K. Wharves, $116. H. K. Realties: $5.95. H. K. Trams, $141. Peak Trams (old), $41. Peak Trams (new). $1. H. K. Electrics, $804. Macao Electrics, $171. - Sandakan Lights, $124. Cements, $15.80.
around
Bate!
Foochow Malacos Sungei Haiphong Manila Patzai Hamburg MUST Tientsin Hankow (Jobcre) Tokyo Harbin
Mukdea Tsingtao Hongkow New York Yokohama
P
HARBIN
PEIPING
TIENTSIN TUNGKAR
(Bhuket) TEINOTAO
YORUBAMA
(Peking) AMBOANGA
PINANG
HỒNG KONG BANGOON
FOREIGN EXCHANGE and General.. Banking Business transacted."
CURRENT ACCOUNTS opened "and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica tion.
The Bank's Hend Utos in Lou- don undertakes Executor & Trusteo business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained, al "any of the Agencies and Branches.
R W. ROBERT,
Manager.
Current Accounts opened in Local Currency and Fixed Deposits | 15, received for one year or shorter periods in Local Gurrency and Sterling on terms which will be
THE EXCHANGE quoted on application.
MARKET
J
MESSRS. ROZA BROS.
1:
Saturday, May 1. Silver prices dropped 1/8 yes- terday for both deliveries the and 20 5/16 for Forward. Silver quotations being 201 for Ready advices attributed the drop more to absence of support than selling pressure. The market closed steady. After the official
to
againing there were small inquiries at the fixed rate American Silver was quoted at 45 for Spot,
The London/New York cross- rate was quoted at 494.72. New York/London WEA
at quoted 494.5/8.
Lane, Crawfords, $8.80. Shai Cottons (old), Sh.$117. S'hai Cottons (new), Sh.$02. Constructions (new), 45 ets. Vibro Piling. $4 EX. Return
Capital.
SELLERS H. K. Hotels, $7.40. Cements, $18.
SALES
Hong Kong Banks, 51865/1870. Cements, $153, "
Ewo Cottons, *8h.$16.60. Constructions (ald), $160.
FALSIFICATION OF DOCUMENTS
of
Geneva, April. 30. The financial committee met to- day under the chairmanship of Mr.
Dayras (France).
The committee examined the question of falsification of docu- ments of value and the financial sitation in Bulgaria and Hung- ary British Wireless.
Steady.
MARKET
NBTERLING
Also up to date Safe Deposit Boxes in various sizea 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 Hanager. Hong Kong, 1st March, 1937.
BANK OF EAST ASIA, LIMITED.
THE CHASE BANK
QUEEN'S ROAD CENTRAL
HEAD OFFICE::
19, PINE STEKET,"
NEW YORK.
An American Bank offering com
plate Foreign Banking BerviDE in the principat Markets of the world.
Interest Rates on Application.
SAFE DEPOSIT BOXES-
This Bank is entirely owned by
THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.B. $4,087,000,000,00
D. M. BIGGAB,
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
Reserve Fund
Authorised Capital... Paid-up Capital Reserve and Undivided
Profits
..$10,000,000.00 5,598,800.00 2,776,790.78
Yon 100,000,000 00 Yen 132,650,000.00 HEAD OFFICE:-YOXQBAMA BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking
Rio do
&
Batavia
Janeiro
Berlin
San
Bombay
Francisco
Calcutta
Semarang
There were sellers at 1/2 29/32 Cash/December, buyers at. 1/2 15/16 for any delivery. No bust- No. ness was reported.
....U.S.:DOLLARS Sellers at 30 11/16 May and 303 June/September. buyers at 301 Cash and 38 11/16 June/Septem-
HEAD OFFICE:-HONG" Koro
10, Des Voeux Road, Centrai,
Board of Directors:- Sir Shouson Chow, Chairman, Li Koun Chun, Esq. Li Lan ang, Esq. P. B. Kwok, ..
WongChuSon, 89 Wong YunTong.caq. Ken Ying Pu, Esq.
FungPing Wah,
ber. No transactions. were re-Chan Ching Shok. ported.
SHANGHAI DOLLARS Sellers at 101, buyers at 102 11/16 for cash.
SHANGHAI MARKET
Esq.
Canton
Karachi
Kobe
London
Los Angeles Seattle
Manila
Dairen Moji. Shanghai
(Dalny) Nagasaki Singapore Fengtica Nagoya
(Mukden) New York Sydney
Hamburg Osaka Esq
Hankow Otera
Kan Tong Po, Gaq., Chief Mariagur. Li Tse Fong, Esq., Manager.
There were sellers of Sterling at Amer
at 1/2 buyers at 1/2 17/32 for Spot. US Dollars, sellers at 293,ientis buyers at 29 15/16 for Spot.
ALL ROUND INCREASE
240 and 40 N Rome, Apr. 30.
Wages throughout all Italy will
"Branches und Agencies :-
Kowloon
Penang Bourb
angoon BMALOW Balgon Bydosy
Melbourne San Fran. Tukoku Magasaki
loo Tientsin. Stew York Juacije Tokyo
Bombay
London Manis
Chub Halphong Honolula Kobe
Decks
Paria
Peiping
Semarang) VaRODUTOT Bhangin Yokohama Bingapore
Every desoription of Banking and Exchange business transacted. Loans granted on approved securities.
he raised by 10 to 12.per cent, a Current Accounta öpened in decree, algned by Bignor. Benita Local Currency and Fixed. De Mussolini, the Prime Minister, deposits received for one year or clared to-day. It added that the shorter periods in Local and increase becomes effective from Foreign Currencies on terms which May 9 aut supin e zem
Safe Deposit Boxes To Lét.
KAN TONG PO.
Chief Manager.
:..
The wage reform is necessary, it is considered, due to the high cost of living, which, since the war in Ethiopla, has risen by over 25 per- cent-Reuter.
„Zdie
BRIGHTER OUTLOOK IN LONDON
STOCK EXCHANGE
London, May 1. "One of the blackest weeks the Stock Exchange has known for years came to a brighter Anish than seemed likely yesterday morn Ing."
|-
1.
STABILISATION OF STERLING
London, May 1.
n
Harbin
Paris
Soerabaya
Tientsio
Tokyo ..
Tsingtao Hong Kong Peipix Yinkow
Interest allowed on. Current Ac- counte
L
Fixed
received for Perioda. at rates to be obtained on
Deposits
application,
Y. KANO,
Manager. Hong Kong, 10th March, 1937.
SINGAPORE RAW RUBBER
·H.B. JOSEPH & CO.:
Hong Kong, May 1. MESTE B. Joseph & Co., re- ceived the following quotations trom singapore in Straits Currency
Buyers
357 up 361 up.
tor Raw Rubber*
Spot May/June
July/Sept.
Oct./Dec.
Market: Steady.
361 up 11 361 up 14
FREEDOM IN
BUSINESS.
Berlin, May, 1.
It is understood that both yes- terday and to-day, the British Ex-: change Equalization Fund Bought gold at higher prices than neces-The ability of many countries sary in order to obtain the metal. to maintain their usual standards To-day's price (140/8 per Ane of living and monetary stability oz.) was practically equivalent to is due to the fact that they lack $35 after deducting shipping char-the necessary social and political ges
background," declared Herr Hitler This has given rise to rumours in in an address to German econo- New York that the action of the mists yesterday. British Fund was a move in the direction of early stabilisation of
The £100,000,000 Defence Loan, contistes the elty editor of "The -Timies," was not a success.
The City was much too perturb ed over the Growth of Pronta Tax to subscibe to a loan which was So declares the city editor of no cheaper than existing bans, The general feeling on the stock "The Times,” commenting on the
The Treasury, also appeared to and commodity markets is that amazing slump on the markets of
make the mistake of asking too prices will take some time fully | London and the world daring the
high a price. to recover, and it is essential that past week.
w dd egun e Sterling. weak positions in
ante sterday afternoon there was This is the third Government all the world markets be cleared up before the a fairly general recovery, due to
issue in succession which has not advance can be resumed.
certain Institutions concluding bocu a SUCCESS that the fall had been overdone and prepared to support equity marketa. ⠀⠀⠀⠀⠀
the city is doing its utmost to escape the present crisis without any large failures, mainly for pre- stige and also to demonstrate to the world the Inherent financial soundness of London. Reuter
Comparing conditions in the Reich with the outside world, the Chancellor declared that Germany London observers do not share had discarded the renerar beller this view, however, .
that workers and employers were They, Interpret the oficial buy-fundamentally opposed to one an- ing at this level as a matter of❘ other." expendiency in order to help rea- Freedom in business and Indus- tore confidence and reinforce Was try could be continued only as long as they assisted in solving the pro- blems of the nation- Transocean News Service.
some this: Wedstry is to make a succede for sature issues Itist recognise that the conflitions rul- STEADY PURCHASES PAT ing from 1932 to 1935 have ceashington's dentals of a change in There was also a steady streamed to exist," the article concludes. of buying by the general public. Reuter
the United States gold policy Reuter.
No comments yet.
Private notes are available after approval.