-ו.
12
DAILY SHARE QUOTATIONS Hong Kong Stock
$1,8001
Exchange
€119)
213 £33
£15
593
$390
1625
$1,30
3280
FRIDAY. MAY. 7.
Gunky
H.K. Banka
Sharebrokers'
Association
-**--* $1,865
Pa. (London) *...] Chartered Banks... Mercantile Bks. “A”
Do.
Bank of East Asia...) $3
N. U. & S. Barke
insurances
Canton lusuranced $310-
Union Insurances .......
Underwriters ......11.80 H.K. Fires............. $280
Balaternational Assos, S.
4361
shipping
Douglass
Steambo
Lados (prof.) r......................
*9
$35
150
Do. (def.) THEN
Baliers
Bales Mamina
HONG KONG DAILY PRESS, SATURDAY, MAY 8, 1937.
H. K. STOCK EXCHANGE
AND
H. K. SHAREBROKERS' ASSOCIATION
Philippine Gold Mining Quotations
7th May, 1937
Time Received
glos,
9.57 10.00 10.20 10.35 10.52 11.10
BANKS
HONG KONG. AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
Authorised Capital $50,000,000 Issued & Fully Paid-Up'#90,000,000 Reserve Funds:-
Sterling
Hong Kong Currency
Reserve...
Reserve Liability of
Proprietors * - ***
£6,500,000
AUSTRALIA AND CHINA.. Incorporated by Royal Charter, JR53-
HEAD OFFICE: LONDON.
$10,000,000 Reserve Fund
. $20,000,000
Head Office:-HONG KONG
Paid-up Capital.......... J.
Reserva Liability of Pra- Arietors
..... £3.000.000 £3.000.000
£1.000.000
Agencies and Branches:-
ILANG KOBE
BINGAPOR
BIT AWAM *
Board of Directors.
G. Miskin, Esq.,
Chairman.
ALOR BTAK ILOILO AMBITBAR IPOH BANGKOK BATAYIA 90MBAY
BALCON BEMARANG
KARACHI
KEREMBAN
BDANGHAT'
Hon. Mr. M. T. Johnson,
FALOUTTA KUALA
Deputy Chairman. | CANTON
LUMPUR
J. K. Bousfield, Esq.,
"A. H. Compton, Esq.,
S. H. Dodwell, Esq.,"
CAWNPORE CROU COLOMBO
EUCHING
BOUBAHAYA TAIPING
J. R. Masson, Esq.,“
DELHI
MADRAS. MANICA MEDAN
K. 8. Morrison, Esq..
ΠΑΙΡΕΩΝΟ
NEW YOLE
1. E. Pearce, Esq,
A. L. Shielda, Esq.,
PRMANG
នៈ វ
£33 213)
6th May Closing Rates
B. S.
tion,
2.39 9.36 936
246 3.00
3.19 3.40
ફ
Antamoke
1,10
1.05
Acoks
31
L.10. 31 391
1520
ad
1630
Baguio Gold
...21 21 20
9A
201
Benguet Consol
11.25 11.30 11.00 11.23
Benguet Explor
10
11
08
Big Wedge...
91
20 291
+381
Coco Grove
08
- 58,
01
19
Consol Minta
.020
020 .027
$35
51
Demonstrations
74
73
76
12/6
E. Mindanao
20
94
Y
G. Goldfields
14
15 12)
203.
Itogons"....
1.00-1.10
03. 1.05 1.00
$13
I. X. L.
77
7877
{ |
$3
Masbates
· ភ
300 311
Min. Resources
26
Northern Mining
08 09
9.
25
27
09
Paracale Gumaus ... 441
44
45
San Mauricio
2,10
9.05 2.10
Suyoc Consol
39
34
39
$101
United Paracales
75
78
73
74
*3
$3
Market Comment.
Đ Q
4
S
A
N
13
E
E
30
24,
Amoy
Bangkok
Branches:— lloilo Ipoh
Batavia
Johore
Peiping Penang Rangoon
Bombay.
Kobe
Saigon
Calcutta
Kowloon
Caston Chefoo
Colombo
Dairau
Foochow · Malacca Haiphong Manila
Hamburg
Muar
Mukden
$119 32.15
1044) DEM -
#9.45
Waterbouts
Mining
21-
Kailans
112.90
subs......
$0
30 ota.
1.K&W. Docks
!!!
£30
"
131
Sit.3
#31
Venezuela Gold Fid...
Docks, Wharves,
Godowns, etc.
H.K. & K. Wharvo. 119)
Providents (old) ... $2.18
Do. (new) 36 ola.
Shangnai Docks S. New Engineerings 8. Lands, Motels, and
Bui dings
H.K. Hotels....*** H.h Lands......................... Do. 4% Dotsontures Shanghai Land........
Metropolitan mods...
H.K. Redities...
37.10
$71
$7.0
:35
105
+16
$5.70
China Du
160
Do. Dobonturuss.
Humplireys
£80
Chinese Estates,
Cotton Mills
$16.00 Ewos ................
Sta Cottona(ukljS.
How
Wing On Textiles(2)
:::
87.20
3:{
$101
36
$9.3›
$18.70 $120
393
$30
Duy
.31
Zoong Sing
461
Pabile Utilitle
$14.80
314.85
Tramways
$14.45
Punk a zubi...
Dui jiw...
180
Star Furries
1841
$265
Yaunati Ferries ...
131
China Lights (old)...
ii
$14.30
814,20
Do.
(BBW).
$:0
314
$60
3174
Macao do.
+24
#30
1901
5170
Do.
(new)
$12
China Buses......
27/0
Tractions
£88
POLLINAT
97-
$1.00
45 cts
H.K. Electric .....] $60]
Saudiaran Ligliter ==| Telephones (old) ....
Do. (prof.)...
Industriala
$151 Caldbook, ord.).
Macgregors(prof.J8.
Constructions, (old) 1
Du.
Nanyang Tobacco. | 37
$2
$15.00
$6.2)
፧
$26
31
S 3 D V.D. Eier D E E. V.D. S'dier
LONDON EXCHANGE RATES
(British Wireless Service)
Paris
Geneva
May 3.
109 13/32
May 5 109-31732
21.57
12.28
12.271
93 13/16
93-25/32
19.40
Stockholm
Shangha!
1/21
1/24
New York
4.933
4.93
Amsterdam
8.997
8.924
Prague
141 13/16
Madrid
Lisbon
Hong Kong
Bombay
Montreal
29.234 4.92 16/18
4.924
H. K. STOCK
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
Quiet market have continued to prevail during the week under re- view, and rates are fractionally easier as a consequence, but on the other hand there has been aj steady maintenance of interest, even though on a small scale, as is usual in these circumstances, this interest has been mainly directed towards the investment section.
Public Utilities have been a fair- ly ready market, throughout, Lands have been steady at $35). Wharves have been persis- and tently la enquiry, up to $120, at which price there is still an un- satisfied demand.
Sterling stocks have maintained their prices, and are likewise ready markets. Cements and Ho- tels have been dull 'on' prospects of
and Settlement quidation, changed hands at $15) and $7.20 respectively but have not been offered in quantity.
The Manila market has for thé most part lacked interest, and rates have been inclined to sag, though the general level of prices has not suffered to any extent.
BUSINESS DONE DURING
THE WEEK
HK Banks, $1865, $1870, $1865. Canton Ins., $325.
Berlin Athena
Milan
Copenhagen
Vienna
Brussels
Yokohama
Monte Video
"Bucharest
Silver (Forward)
Silver (Spot) War Loan
ON LONDON:
Closing Quotations
Telegraphic Transfer. Bank Bills, on demand Credits. four months'
sight
OR SHANÓBAI:-
On Demand
On New Your: -
ON BATAVIA -
$17
Canton Ica
$15.00!
Cernants
$5.30
Rupes ~ made in
Miscellaneous
130 74.70
Dairy Farms
Ch. E'tainments......
Bota.
10.80
Lane Crawforda... i
$2.70
$2,70
85:56
Watsuna
$5
J
3. C. Enterprises ...
21
98%
Ch.G.5% 1926G, Bd..
prom. pret.i
81%
H.K. Govt. 4% Loaus $1081
90%
Do. 31%
$102
14.
Wallace Harper......
$53
B.K Wing On....!
$36
47
Shai
Do
Union Ins.. $622), $623.
3100
HK Wharves, $120.
HOJESDIE
Vibro Piling
20/2 Marsmans Inv. (Lon:)
-7/0
(H.K.)
140 cts
Wm
Powells
Sales to Shanghai
PHILIPPINE MINING
NEWS
The first case of a sit-down strike here was staged by 300 Jabourers of. the Macawiwill Gold Mining Com- pany last week, states the "Manila Bulletin." The strike, made for higher wages and in protest against certain injustices allegedly commit- ted by an official of the company. lasted only, two days...
W33
A temporary settlement reached" Saturday and some of the labourers returned to work in the same afternoon. expecting some concession from the management regarding their demands
2. Late
wages.
payment
of
March
3. Discharge of labourers with- out being promptly paid.
4. Proposed reduction by P.20 in the dally wage. (This plan was not carried out).
5. Turning down of demands made by labourers for wage in- crease." -
6. The reported resignation of the general superintendent whom they wished to be retained in the company.
In protest against these condi- ;· tions, the labourers stopped work-
Antonio C. Meila, public defendering Thursday morning. April 22. stationed in Pangasinan, was de- Operations were suspended until talled by the labour department to Saturday afternoon when they re- save the way for an amicable set-surned working.
::
tlement of the dispute. He arrived The temporary settlement ̈was in Bagulo Sunday evening and co-reached Saturday morning when ferred with officials ofthe com- pany the next day When he was informed that the labourers had re-
the labourers accepted the decision
of the management not to cut the wage scale and to consider their
sumed working, he returned to Ma-petition for increases. Another re- nila Tuesday to report his Andings to department officials.
An inspection made by Pedro Mendoza, in charge of the public defender's office in the Pines City. revealed that the causes for the walkout were protests against:
1. Allegedly unjust dealings the general manager.
Providents (New), 35 cts.
H.K. Hotels, $7.45. $7.40, $7.20.
A.K. Lands, $351.
Humphreys, $93.
HK. Realties, $5.05.
H.K. Tramways, $141, $14.65,
$147. $14.80, $14.85.
China Lights (Old), $14.30.
HLK. Electrics, $61, $60.85, $601.
$60.80, $804.
H.K. Telephones (Old), $292. Cements, $151, $16.
Constructions (Old), $1.60. Ewo Cattons, Sh.$16.60. CHANGES (3.15 pm.) CLOSING QUOTATIONS SELLERS
Canton Ins., $325. H.K. Hotels, $7.18. HK. Realties, $5.75. HK. Trame, $1485. HK. Electrica, $801. Telephones (Old), $294, Cements, $15.40.7
BUYERS Star Ferries, $86. Cements, $15.55.
SALES
Canton Ins., $325, HK Realtica, $5.85. H.K Electrics, $604, Telephones (Old), $292.
SINGAPORE RAW RUBBER
EL.B. JOSEPH & CO.
Hong Kong, May 7... Mestre A. B. Joseph & Co., re
ported factor leading to the truce ceived the following quotationa was the return of the general from singapore in Straits Currency superintendent, Francisco Joaquin, for Raw Rubber: who was prevailed upon to stay after submitting his resignation."
Dr. Felldisimo Feria, president of the company, went to the mine fproperty Monday morning with Mr. Joaquin to look into the matter.
Spot June
July-Sept. Oct-Dec. Market:-Firm.
Buyers
37 Up 1 311 Up 1 38 Up li 38 Up i
Belgrade
Rio
141-7/16
Hon. Mr. J. J. Paterson, ·
V. M. Grayburn, Esq.
Kusta
Chief Manager.
San Fran-
cisca
Lumpur Shanghai London Singapore Lyons Sourabaya
Sungei
Patani Tientsin
Hankow (Jobore) Tokyo
Harbin
Hongkew
Tsingtao
New York Yokohama
HAMBURG
BANKOW
BARBIN
PIPING
TIENTSIN TUNGKA
(Bhuket) TSINGTAO
ТОГОНАМА
(Peking) HAMBOANGA
KONG KONG KANGOON
FOREIGN EXCHANOZ und General Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or aborter periods at · rates which will be quoted on applica tion.
The Bank's Head Office in Lon don undertakes Executor & Trustes business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained að any of the Agencies and Branches.
R. W. ROBERTS,
Manager.
Current Accounts opened in Local Currency and Fixed Deposits, rived 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.
HONG KONG SAVINGS BANK
HE Business of the above TBank in 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, 1937...
BANK OF EAST ASIA, LIMITED.
Authorised Capital $10,000,000.00 Paid-up Capital
20 5/16
201
34% 1017.
34" 102
Reserve and Undivided
Profits ......
0,598,600.00
2,778,796.76
HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central.
Board of Directors:-
THE CHASE BANK
QUEEN'S BOAD CENTRAL
HEAD OFFICE:
18, PINE STREET,
NEW YORK.
Th
An American Bank offering com plete Foreign Banking Berrios 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 US. $2,027,000,000.ww
D. M. BIGGAR,
Manager.
THE YOKOHAMA SPECIE BANK
LIMITED
Capital (fully paid up)
Yen 100,000,000 00 Reserve Fund
Yen 132,050,000.00
HEAD OFFICE:-YOKOHAMA
BRANCHES AND AGENOTES AT: Alexandria Honolulu Bangoon
Rio do Bangkok Heinking Batavia
Karachi
Berlin Kabe
Janeiro
London Francisco
San...
Bombay Calcutta
Los Angeles Soattle
Canton
Manila Semarang
Dairen
Voji
Shanghai
Soerabsys
Sir Shouson Chow, Chairman Li Koou Chun, Esq. Li Lan ung, Esq Wong ChuSon, Faq. Wong Yun Tong, eq. Kan Ying Pu, Eng.
Fengtien Nagoya rung Ping Wah, Chan Ching Shek,
May, 1937.
1/2
Bank Billa, on demand 30 Credits, 60 days' aight. 30
$7/22
J
On demand
ON PARIS-
1/3 1/32
Bank Bills, on demand 679
P. K. Kwok, aq,
Credits, 4 month's sight 707
1021
ON SAIGON:—
ON SINGAPORE:-
On demand
678
On demand
523
ON MANILA :—
On JAPAN:--
On demand
B01
On demand
106
ON BANGKOK :-
On demand.
1491
On India:-
Branches and Agencies —
Rate
*** 1/3
Amey
Kowtoen Penang
Datavia
Bombay
Calcutta
Canton
Haiphong
Hankow
Telegraphic Transfer... 81! Baak, on demand......
CANTON INSC. OFFICE
Interim Dividend "Recommended
The annual meeting of share- holders of the Canton Insurance Once, Ltd., will be held on Tues- day, May 18, at 12 moon, at the offices of the Company.
According to the report. which nas already been circulated to members, the balance standing "at. the credit of the 1536 Account la 52,212,031.92 and of this sum it la recommended that an Interim Dividend of $5 per share be paid, absorbing $250,000. ·
It is stated that since the last meeting Mr. L. Dunbar tendered
his resignation from the Consult-
SOVERSIONS Bank Buying
BAR SILVER, por on... 20 7/10
CANADA'S MINING INDUSTRY
Breaks Records In 1936
Toronto-One million dollars.3
Esq.
Kan Tong Po, Esq., Chief Manager. Li Tse Fong, Esq., Manager,
London BANDO Masila Baigen Helbourne Ban Fran Karmaakl Hey, York desitie Osaka Konolola Parks
Kobe
(Daloy) Nagasaki Singapore
(Mukdan) New York Bydaży Hamburg Osaka . Tientsin Hankow, Otaru
Harbin
Paris
Hong KongPeining
...Tokyo
Tingtao Yinkow
Interest allowed on Current Ac-
counts, Soursbars
Bydney Thoku Moo Tientada
Tokyo:-* Vancou Yokohama
་་་{
STAR!
Shanghai
Priping Singapore
Every description of Banking and Exchange business transacted. Loans granted On approved
securitien.
A
Deposite received for Fized Perioda, 'ab rates to be obtained on application,
KANO,
> *
10
4.5
Manager.
Hong Kong, 10th March, 1937.
GOLD PRICE
Current Accounts opened in Reduction Unlikely
day in new wealth was the goMen stimulus which nowed from Cana- dian mines into the commercial life Safe Deposit Boxes To Let
of the nation last year to provide the impetus for the remarkable ad- vances that were made by all in- dustry in the Dominion during 1936. That Canada is far along the road back to prosperity, is largely due to the"unprecedented produc- tion and expansion in its mining fields.
RECORDS BROKEN
In total wealth produced, divid- ends earned and distributed and men employed all records were smashed during a year of surging
Ing Committee, this being accepted activity, and optimism in the min-
with regret.
Sir Robert Ho-tung, Messr2: D.E, Clark, AH. Compton, F. A: Jokẹph, T.E. Pearce, J. E. Taggart and B.T. Williamson retire but as they are cligible will offer themselves for re- election at the meating.
TELEPHONE RATES
REDUCED.
Landon, May 4! The Telephone rates to parts of the Empire have been reduced from 30 shillings to 20-shillings from the beginning of the month. Countries included are Australia, part of Canada, South Africa and Kenya. Reuter,:
London, May 6.
Local Currency and Fixed De- Poaits received for one year or shorter periods in Local andThe recent reaction of com- Foreign Currencies on terms which mnalty prices must surely have Batisfied President F. D. Roose- velt's wishes and accordingly have eliminated any necessity for action to reduce: the dollar price of gold, saya J. Henry Schroder and Com- pany's quarterly review.
KAN TONG PO,
"Chief Manager.
"ximately $43,000,000 against $35,-
345,000 the previous year.''
MORE LEAD MINED
This publication points out, fur- Lead production totaled 185,000 thermore, that any isolated cur- tons, valued at $14,000,000, com- rency deflation by the United pared with 183,000 tons or $10,- States would be disastrous to her 620,000, for the previous year. Zinc export trade. production was 2000 tons ahead of the 160,000-ton figure of the year before, at ashers, arenatale
While the quantity of silver min ed in 1936, 18,500,000 ounces, was
the minds of the business com
Citing the existing uneasiness in
munity regarding the practical re- sults of the American gold policy,
ing country, as properties were ex-larger, it was of less value than the the review adds: "There are signs of ameliorating circumstances. panded and new fields developed. 16,624,000 ounces of 1935. The 1938 Firstly, America is buying foreign The value of all minerals pro- output was worth about $8,500,000, goods much more freely; secondly, duced in Canada last year, was ap- The key position of the mining proximately $335,000,000, as com-industry in the Canadian anancial Fund has stepped in to arrest gold the British Exchange Equalisation pared with $310,000,000 for 1935, heme is best indicated by the in its journey across the Atlantie, an increase of about 8 per cent. et the per capital value for 1936
Gold output is estimated at in the Dominion was greater than the latter being a most important $130,000,000 during the year just the 1935 figure in the United Sta-factor, reassuring the public mind with regard to the immediate out- ended against $115,000,000 for 1935, tes. a gain of about 13 per cent,
From gold mining alone divid- look for the metalRenter. Better prices and rise in pro- ends last year were $80,000,000, seats in the industry until duction figures raised the value of presenting a considerable gain over workers, as a class, have become copper mined by almost $5,000,000 | 1935.
the best-paid labour in Canada, bringing the total to $37,000,000
The major gold-producing prov- for 1938,
inces with their per capita wealth were, last year: Ontario, $23; Que- bec, 8; British Columbia, 21, and Manitoba, $8.50.
A. production record was set for nickel with 82,000 tons being min ed, representing a value of appro
EMPLOYMENT RISES Employment in the whole in dustry rose and more than 80,000 men were given work in the mines, Wages steadily mounted with pic-
mine
4755
8
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