$390
3
112.90
K. S. Morrison, Esq.."
Hon. Mr. J. J. Paterson,
T. E. Pearce, Esq.,
A. L. Shields, Esq.,
V. M. Grayburn, Esq.,
Chief Manager.
Branches:-
Iloilo Peiping
Rangoon Saigon
HAIPHONG
NEW YORK
ЗАМЕОВО FRIPINO
BANKOW"
HABBIN
ΤΑΙΡΙΝΟ
TIENTSIN
TUNGKAR
TELNOTAO
TOKOHAMA
(Paking) samBOANGA
PENANG
KONG KONG BANGOON
FOREIGN EXCHANGE and General Banking Business transacted.
CURRENT ACCOUNT opened and FIXED DEPOSITS received for One Year or shorter periods at rater which will be quoted "on applica
8th May, 1937
4th May Closing Rates
Time Received
B. 8.
Bank of East Asia...
193
N. U. & S. Banks ...
"Insurances
Antamoks
1.10 1.06 1.10 1.10
Atoks
**32
31 32 32 321 33
Usucon inaarnason,
#326
1625
$1.85 1180
Union Insuranda ... Underwriter
1830
Baguio Gold
20
30
22
$1,00
$1.80
Benguet Consol
... 11.25
11.95 12.00
$280
Interuational Asada 3.
Benguet Explor
004
004 11
magjik g
Big Wedge
"217
21
$38 Douglases karı
:38+
Coco Grove...
68
61
57
19
Steamboats
133
Indos (prof.)
60
Do. (def.)
109/0
Snell* *****
19.40
20/.
TH
131
Waterboat
Auning
Kailas
Venezuela utuid Flun.
Ducks, Wharves,
Godowns, etc.
H.K. & K, Wharton.) $118 Providents (old). .......
14
Do. (new) 35 ota 1.K. & W, Docks... $62 Shangnai Dook S. $3) New Engiuooring 8.
Lands, Hotels, and j
Buildings
H.K. Hotels. H.K Lands.........8. Do. 4% Debentures Shanghai Lande.... Metropolitan Lande.. H.K. Realtres.
China Do......................... Do. Debenturesð. Humphrys ********
Chinese Esta tes......
****
19
Consol Mines
.026 ".028 .027
$35
Demonstrations
75
74
76
78
$50
1 2,8
E. Mindanao
24
244
S
$91
G. Goldfields
2.
12) 13
13
13)
12
DAILY SHARE QUOTATIONS Hong Kong Stock
Exchange
Sharebrokers'
Association
Bayern
Ka Gyüre
Nomlos!
WEDNESDAY, MAY. ō.
Bayer
Bellar
Nogale
Lanka
31 670 H.K. Batiks
Bu. (Lanaon) ........ Charter Banks'....... Mercantus BES. “A
Dk.
£1181
2330 £s}
193
$1,250 2118) 215 £33
HƠNG KONG DAILY PRESS, THURSDAY, MAY 6, 1937.
H. K. STOCK
STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION"
Authorised Capital ...... $50,000,000 Issued & Fully Paid-Up #20,000,000 Reserve Funds :----
Sterling
......£6,500,000
Hong Kong Currency
Reserve
Reserve Liability of
THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter, 1857
HEAD OFFICE: LONDON-
Paid-up Capital.. $10,000,000 Reserve Fund...
Reserve Liability of Pro- prietare..
ALOR STAR SEMILO
"AMRITUAK IPOK
BANGEOX KARACHI BATAVIA.. KLANG BOMBAY CALCUTTA KUALA
£3.000.000
£3.000.000
£3.000.000
Proprietors
.$20,000,000
Head Office:-HONG KONG
Ayencies and Branches:-
SAIGON
SEMARANG
Board of Directors,
BEREMBAN
G: Miskin, Esq.,
BHANGHAI
Chairman.
БОВЕ
AINGAPOR
Hon. Mr. M. T. Johdson,
»
BITIAWAN
Deputy Chairman. | CINTON
J. K. Bousfeld, Esq.,
A. H. Compton, Esq.,
CAWNPORE CEDU
LUMPUR KUCHING
BODHABAYA
8. H. Dodwell, Esq..
J. B. Mason, Esq.
COLOMAO
DELHI
ADRAS MANILA
MEDAN
.. (Bhuket).
251
cloe.
clos
9.00 9.00 9.55 10.10 (0.23 10.35 -10.50; 11.09. 2.40 9.00 3.04
3.27. 3.40
I.L
20
$13
Itogons
I. X. L.
Xasbates
1.06 1.00
1.05 1.05
J5
75
77 77 78
301⁄2
30 321
31 31
Min. Resources
25
모시
25
Northern Mining
08
10
—
98
Paracale Gumaus
44
67
40
+3
45
:35 ats
$301
+31
គម្ពីរ រ
$9.20
San Mauricio
2.10
9.10 0.15 9.16
Sayoo Consol
384
37
394
38
39
$106
United Paracales
70
...75
77
77 -78
30
77 78
fi
Market Comnient.
S
Q
Q
S
S
25
96 201
Amoy
Bangkok
Ipoh
Penang
Batavia
Johore
Bombay
Calcutta"
Canton
Kobe Kowloon Kuata
Chefoo
Colombo
Dairen
ន
H. K. STOCK
EXCHANGE
YESTERDAY'S
OFFICIAL
QUOTATIONS
Enquiry for Investments was continued in to-day's marketa, and Wharves changed hands at $120. There was some indication of a renewal of interest in the specula- tive section.
Though qulet, the Manila mar- ket was for the most part steady throughout, with closing rates again higher than previously.
BUYERS
Bank of East Asla, $93. Canton Insurances, $320. H.K. Wharves. $119. Providents (Old), $2.15, Providents (New), 35 cts.
April .30.
110
Paris
21.58
May 3. 109 13/32 21.571
Geneva
12.29
12.28
Berlin
Athens
937
93 13/16
Milan
Copenhagen
19.40
Stockholm
1/2 5/16
Shanghai
1/21
New York
4.94 1/16 9.004
4.934
Amsterdam
8.991
Vienna
Prague
Madrid
Lisbon
Hong Kong
Bombay
Montreal
Brussels
$12.85
Yokohama
£2/6
Belgrade
Monte Video ....................
H.K. Lands, $351.
Rio men
:
H.K. Realties. $5.80.
Bucharest
81
HK. Trams, $14.80. Peak Trams, (Old), $41.
Silve: Forward)
201
Silver (Spot)
20 7/18
20 5/16 201
$15.76
31 1017.
$110
12.10
35 atr.
35 at
$351
45.80
397
7.40
$35
1100
BIG
(80
08:
11660 won *******
S'ha Cottons(uld)S.
Wing On Textile(S.)
Colton M
.8.
Du.
news.
$31
Zoong Singe
103
Pabile Utilities
1142
43
Do. (Bow)... >1
Tec
Star Forries 7941
$20
Yaumati Ferries ...
$14.20 Do.
(now)...
60/60
H.K. Electrics
$1.00
$14.90
Tramways
Peak Trams (old)... #4}
87..0
$35.40 B101
$14.40 Chins Lights (old)... 14.25 $14.40
312.70
$11/
27/0
277-
417
>
$10,80
:6.30
1.
Macau do.
Sandakon Lighte.....
Telephones (old)
Do. (now).
China Buses .......
Tractions...)
Do. (pref.)......
Industriala
$16) Caldbeck, or
4.70
Sangregor Sipont.,8.
Canton Icas
Comments
Rupe.......
Miscellaneous
Dairy Farms
Ch. B'tainments.......
Constructions, (old), 150
Lage Crawfords......
Nanyang Tobacco... $7
Sinceroses
Watsons......
$26
pren. 8%
Do.
Do.
31%
(0) 40 cla
101
!!!
*
$8.30
118.70:
312
163
$30.
164
1.6
#201
S Q Eier S S Q
LONDON EXCHANGE RATES
(British Wireless Service)".
Peak Trams (New), $13, $5.20 H.K. Electrics, $801.
Macao Electries, $171. Sandakan Lights, $123, Cements, $154.
War Loan
120
ولد
10
Constructions (New), 46 cls.
Vibro Piling, $4).
On Demand
On demand
29.25 4.031
Closing Quotations
ON NEW YORK
ON BATAVIA-
141 13/16
:,29.231
4.92 16/16
tion. "San Fran-
cipdo
Lumpur Shanghai Lando'n Singapore Lyons Sourabaya Foochow Malacos Sungei Haiphong Manila Patani Tientsin Hamburg Muar
Hankow (Jobore) Tokyo Harbin Mukden Tsingtao Hongkow
New York Yokohama
The Bank's Head Office in Lon- don undertakes Executor & Trustee business, and claims recoVOZY of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.
R. W. ROBERT,
Manager.
Current Accounta opened in Local Currency and Fixed Deposits received for one year or shorter, periods in Local Currency and Sterling on terms, which will be quoted on application.
Also up to date Safe Deposit Boxes in various sizes To Let.
Hong Kong. 12th April, 1937.
DONG KONG SAVINGS BANK
HE Business of the above
Tank 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, 1837,
BANK OF EAST ASIA, LIMITED.
Authorised Capital ...$10,000,000.00 Paid-up Capital 5,598,800.00
Reserve and Undivided
Profite
2,776,726.78
HEAD OFFICE:-Hoxa Iona No. 10, Des Voeux Road, Central,
Board of Directors?—
Sir Shouson Chow, Chairman Li Koon Chan, Esq. Li Lan rang, Esq.
:
THE CHASE BANK
QUEEN'S ROAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
An America Bank offering com
plete Foreign Banking Service · 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 YORK, with Resources over U.b. $2,027,000,000.00
D. M. BIGGAR
Manager.
THE TOKOHAMA SPECIE BÁNK
LIMITED
Capital (fully paid up)
Reserve Fund
Yan 100,000,000,00 Yen 132,850,000.00
HEAD OFFICE-YOKOHAMA
BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hsinking Rio do Batavia
Karachi Berlin Kobe Bombay London Calcutta Canton Dairen
Janeiro Sah
Francisco
Los AngelesSeattle
Manila
Semarang."
Moji
Shanghai
Esq.
(Dalny) Nagasaki
Singapore
Fengtien Nagoya
Svetabaya
Hamburg Osaka
Otaru.
P. K. Kwok, 89. Wong ChuSun, Faq Wong YunTong, aq. Kan Ying Fu, Eng. Chan Ching Shek. ung Ping Wah,
Eng:
May 6, 1937.
N
45 oth
1.80
S'hal Cottons (Old). Sh.$117. S'hal Cottons (New), Sh.592. Constructions (Old), $1 60
ON LONDON:-
Telegraphic Transfer... 119 Bank Bills, on demand Credits four months'
Bank Bills, on demand 30 Credits, 60 days' sight. 30%
27/32
On demand
ON PAR18:-
19.70
51.70
right
1/3 1/32
Bank Bills, on demand 878
$0.60
98%
8. G. Enterprises ... UL.G.5% 19254. Bd...
ON SHANGHAI ?—
SELLERS
Credits, 4 month's sight 707
1021
ON SAIGON ;--
H.K. Gorb, 4% Loans
90%
Raubs, $12.90.
sto8l
ON SINGAPORM:—
On demand............ 67)
H.K. Hotels, $7.40. ..
rm.
21
31011
524
ON MANILA:-
I
Wallace Harper.
H.K. Electrics. 3601.
On demand
Top
H.K Wing Oo
Cements, $15.70.
On JAPAN :-
607
Shai Do
$100
SALES
On demand
106
ON BANGKOK :-
On demand.....
#4
Vibro Piling
H.K. Wharves. $120.
ON INDIA:
BOV BRIGNA.. Bank Buying
9
Markus Div. (Lon.)
7/0
(HK)
40 at Win. Powella
Telegraphic Transfer... Bank, on demand.........
Bata
811
BAR BILVE, per o
1497
***** 1/3.
10 0/16
Branches and Agencies pa
Amoy
Kowloon
Bouzabay
Batavia
London
Bestow
Bombay
Bulga
Sydney
Qaloutta
Malbouran
Bad Fran-
Taiboku
TEXTILE
QUOTAS
Сада Haiphong Hackow Honolulu
New York
Senstle
Tokyo
Chata
Semarang Yancouver
Paris
·Shanghal Tukohas
Kobe
and
*Sales to Shanghai
ANGLO-AMERICAN TRADE PACT STILL
UNDER DISCUSSION
London, May.A.
el during the slump, but there The Chancellor of the Exchequer and Deen no abnormal develop- President of the Board of ment at Home and the cost of liv- Trade both had questions to un- ing was still decidedly lower than swer in the House of Commons to- before the depression started in day relating to co-operation with 1929 and 1930. the United States in and other as- pects of monetary and economic policy.
INCREASE IN EXPORTS Mr. Walter Runelman who stated that there had been informal con- Mr. Chamberlain was naked tacts between British Government about the stabilisation of gold in officials and Monsieur Frere, act- the United States and collaborationing on behalf of the Belgian Pre between the two Governments in mier van Zeeland in the latter' the purchases of fresh supplies of inquiry into the possibilities of gold, with a view to currency stabi- United Kingdom exports and re- lisation and he replied that a ge-exports to the United States, and neral co-operation was maintained † was questioned about the prospects. with the United States Govern- of a trade agreement. He replied ment and other parties to the that it would not be safe to as′′ Triparty Monetary Declaration of sume, as the questioner bad in- last September for the purpose piled, that the recent increase in of maintaining, as far as possible, United Kingdom exports and re- the equilibrum in gold.
exports to the United States was mainly attributable to the reduc- tlons.which had been made in the United States tarif since 1934. He
K.K. Trams, $14.807.85.
'H.K. Electrics. $801..
H. K. SHAREBROKERS | LIVESTOCK BILL
ASSOCIATION
BUYERS
Banks, $1855. Wharves, $118.
Providents (New), 35 ets. Star Ferries, $841.
SELLERS Hotels, $7.40.
SALES Star Ferries, $847. E. Mindanao. 41 cts.
SINGAPORE RAW RUBBER
Spot June
་་
Buyers
361 Up t 361⁄2 Up 1 304 Up 1 382 Up 1
To Pass Third Reading?
London, May 4," For the second day in succession, the House of Commons discussed the livestock industry on the re- port stage of the Bill embodying the Government's long term polley and making provision for a sub- sidy to producers of fat cattle for the regulation of imports and for the reorganisation of slaughtering and marketing.
House
To-
TO INDIA
Kan Tong Poy sq., Chief Manager. Li Tso Foog, Esq., Mannger,
Manila
Penang
Respon
woo.. Tentan
Priplug Singapore
(Mukden) New York Sydney
Hankow
Harbin Paris
Tientsin
Tokyo Tsingtao
Hong KongPeiping Yinkow
Interest allowed on Current Ac counte.
Deposite received 'for Fixed Periode at rates to be obtained on |application,
Y. KANO,
Manager.
Every description of Banking Hong Kong, 10th March, 1937. and Exchange business transacted.
Difficulties In Fixing Loans granted approved
New System
Considerable difficulty is being experienced by the Association of Cotton Textile Exports to India in fixing the new system of allocating quotas.
Having falled in an attempt to reach an agreement at the general meeting on April 5th, the Associa tion held another meeting on April 9th, but there was again no agreement. Still another meeting? will have to be held.
H.B. JOSEPH & CO.
Hong Kong, May 5.
It is hoped to secure the third Mezare H. B. Joseph & Co., rereading of the Bill before the ceived the following quotationa
adjourns to-nigfit. from Bingapore in Straits Currencs morrow, on the vote for the Mines
Hitherto the Association has al- for Raw Rubber"
Department, there will be a dislocated 80 per cent. to its members cussion of the threatened National Coal Strike and the situation at Harworth, in Nottinghamshire, where bitterness arising from the dispute between the rival local Unions and management of the colllery has led to some disorder.
The Prime Minister assured the Opposition leader that in addition to the Mineg' Secretary, whose statement is anxiously and hope-ing fully awaited y the Cabinet, other Ministers would also be present British Wireles
July-Sept. Oct.-Dec.
Market:-Stendier.
U.S. Gold Purchases
In pursuance of that policy, gold was purchased when neces-
London, May 4. sary and no change in the system was contemplated. He assured added that the wue of imports The Chancellor of the Exchequer, supplementary questioner that the ut merchandise from the United Mr. Neville Chamberlain, stated at the House of treasury was in touch with Was- States into the United Kingdom question-time in
was hington with the object of main had increased from about £82.- Commons to-day, that he taining the maximum co-operation. 000,000 in 1934 to rather over £83,- aware that the United States Replying to another question on000,000 in 1936, and repeated a Treasury had bought over $500,-
possible, an equilibrium among the rising cost of living, the Chan- previous Commons answer to the 000.000 in gold recently...
Co-operation, he said, was mala- their currencies. In pursuance of cellor said that with increasing effect that exploratory discussions,
gold was purchased prosperity, and improved employ in relation to an Anglo-American tained by the Government of the this policy
still pro United States and other parties of when necessary. No change in ment, there was a natural ten- trade agreement, were
the tri-party agreement for the this respect had taken place, he dency for the price to rise above ceeding --
zald-Reuter. purpose of maintaining, as far as British Wireless. the very low level to which they
securities.
Current Accounts opened in RAYON CURTAILMENT Local Currency and Fixed De- posits received for one your or shorter periods in Local and Foreign Currencies on terms which
Safe Deposit Boxes To Let
KAN TONG PO
Chief Manager,
GERMAN PAVILION IN PARIS
Berlin, May 4.- Chancellor Adolf Hitler has en- trusted Dr. Hjalmar Schacht with the representation of the German Government at the ceremonial opening on May 26 of the German Pavilion st the Parts World Exhibitions Fransueran News Service.
The Board of the Rayon Pro- ducers' Association has decided to
recommend an alleviation of 1.5 *per cent. in the rate of curtail- ment, in addition to increased al- lowances, for small mills, at the general meeting on April 15th.
In the event of the above pro- posal being accepted, mills with 15,000 spinnerettes or more will eurtall their operations by 33.5 per cent. and those with less than 15,- 000 spinnerettes by 31 per cent. for the third quarter of the year.
At present 3,500 spinnerettes aré according to their past figures,
deducted for mills equipped with disposing of the remaining 20 per
less than 10,000 spinnerettes and cent, by auction. In view of the
1,000 for those with less than 15,- fact that this system has induced
000 when restricting production. a big rise in quota fees, the Board
In future the allowance is to be in- proposes to increase the quantity
creased to 4,000 spirineretter for to be auctioned to 30 per cent.
the former, all mills with over 10,- However, whereas the old aystem same busis as on ordinary plece 000 spinnerettes being entitled to had provision for the scaling goods, the price which has hitherto an exemption of 2,000 spinnerettes. been less than ten sen per yard It is hoped that this change will will become 39 sen. It is there- assist small mills anxious to in- fore impossible to continue busl-crease their machinery,
The forgoing medications are In a petition addressed to the expected to result in an increase Department of Commerce and In- of about 15,000 boxes or six per dustry, "asking for its assistance incent. in the monthly output. This) the present dimculty, their Asso-] alleviation is a little more than ciation states that if the Indian generally anticipated. The gener- Rayon--fents expórters are al-Government will consent to re-al impression, however, is that armed over the new Indian tarifftain the old import duty, it will though it may be effective In decision. They complain that if undertake to check exports to 50-checking any further rise, it is the import duty is imposed on the "000,000 yards.
Impossible to cause a fall in prices.
down of the free quota. mak- the average percentage 65.2, the percentage under the pro- posed system will remain 70 flat. Honce the dissatisfaction on the doing to stane bere and those desiring new business.. BAYON FENTS EXPORTERS
**** ALARMED
ness.
No comments yet.
Private notes are available after approval.