1937-05-17 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Buye

Nalus

matkal

Sharebrokers'

Association

Buyer

Ballers

Βιώσα

A cadira

SATURDAY. "MAY. 15.

Banka

H.K. Baxs

Bo. (London) ....

Mercantile Ers. "A

Bank of East Asia... 393

Do.

£118 Bist

£33]

$15601

€119

Chartered Banks

233

£18

N. O. & S. Barks ..

lasztances

$397 Canton insurances..

d

$620

Union InsuraUOUS ...

$325 1620

$1,85 1280

Underwriters

... $1.30

$290

$130

32]

80 cta.

H.K. Fires.................... International Asses, S.

Shipping

Steam A

1381

335

Indos (pret.)

150

Do. (def.)

88741

તન્મયના

Mining

21/3

Kailang

19.45 Waterboats

16

412.90 Raub

Venezuela oid Pids,

Docks, Wharves,

$2,30

331

Godowns, etc.

H.K., & K. Whsi 461.

Providents (old; ... $2.26

338

19

$35

สม

90/41

50

#19

HONG KONG DAILY PRESS, MONDAY, MAY 17, 1937.

THE SHARE

MARKET

Harriman's Weekly Report

Hongkong, 15th May, 1937. Messrs. G. A Harriman & Co.'s share report and market review Issued at noon to-day, status: --

This being Corgnation week, bu- siness, and especially that of stocks and shares has been almost entire- ly eclipsed by the Empire-wide celebrations. So we have but little. to write about what can at best, be described as a dormant market.

Manila has had its now usual ups downs with the "downs" and slightly out-doing the "ups", so that over the week quotations are again lower.

Small business has been trans- in "lighting". shares with acted sales reported in Electrics at. 8602 und 61 and China Lights (old) at 916 $12.50 $14.40 and the "New" at $14. Trams have been a firm spot up to $15. The huge crowds using this form of transport must have improved this week's receipts to almost re- cord proportions. It is quite evid- ent too that the electric supply companies are benefitting consider- ably from the Coronation. Tele- phones (old) are wanted, at 29.60 and the New remain around $12). Star Feriles, in spite of the enorm- cus traffe they must be carrying are available at $86 and Yaumati Ferries

are nominally 828. We Imagine buying attention will be directed to our utility shares, after the holidays.

104

*10.

13

Do. (new) eo cta: H.K&W, Docks 780

Jin Shangasi Docks S. New Engineerings. 331

Lands, Hotels, and Buildings

$1

H.K. Hotela

H.K Land... 8. Do. 4% Dobentures

Metropolitan Lande.. H.K, Realtics...... Chins Do........

37.36

$35

$105

$16

"392

$18

ཎྜ

Shanghai Lands...8.

161-

Wing Un exules;Ɔ...)

Pabllo Ubilities

Tramways

Poak Trau

37.36

30A

+4

19.30

ra

$5.90

34

200

Do. Deboutures.

301

Humphreya

$80

Chinda Estates......

Cotton Mills

$16.00 Ewas

$10.00

$117

S'ha Cottongfuld,S.

10.

112

163

331

Zoong Sings ..... S.

$30

161

*****

$15

Do.

(ant).... (now

Star Ferrios

Yaumati Ferries

$20

Chins Lights (old)... $14.25 $1440

Do.

(new)...

14

5604

31B

1291

$12.80

H.K. Electrica ...... 100 Macao do. Sandakan Lights --- Telephones (old)

Do.

(2)1

(now)

12.70

$111

27/6

China Buses ...........ß.. Tractions

249

20/0

14

36.20

125)

43 cts

$2.60

$20

1 རཱ:ཟླ ཿ པྲ:::: ང

ོ ་ ་

¡5,27

JZ

17 Magregorf(pret.8.

#2

$15.40 16.30

$10.40

$20

14.70 $1.00

Do (prof.) Industrial

$16) Caldbook, ord.).

Canton Less

Venouts

Rupes....ammier

Miscellaneous

Dairy Farma

Ch. Etainmenta..... Constructions, (old)

Do..

(45) 16 ola

33.80 Lane Crawfords...... Nanyang Tobacco... Sinceros AAAA LOT Watsons..utasuta.öke

(25)

HK. Gov. 4% LORDS! $108

Do. 3

:

10

$7

$2.00

$0.50

18% prom. 8% prem. 27

15

Ch.G.

S. C. Enterprises ...

5%1925G. Bd.

$1

25%

$101)

14

Wallace Harper......

250

B.K Wing On.....1

160

S'hai

$100

$4.70

Vibra Piling

$4.70

40 cts. Wm. Powells

20/9 Marumans Inv. (Lon.

$/.

(H.K.)

Sales to Shanghai

EXTRA MANILA CLOSING QUOTATIONS

Hongkong, May 15th. Extra Manila closing quotations xures kindly supplied by Messrs. Ellis and Edgar.

Associated Mines Acoje Minin

Angelo

Dulong Gold Creek

Ipo Gold

.005

.12

.10

.05

.135

.18

Gold River

.04

Mother Lode

UNG

Paracale Gold

42

Balscot

098

Batong Buhay

,013

Universal Expl.

185

Bued

15"

Dayaka

115

Crown Mines

10

Mambulao

,14

Byndicate Invest.

075

Tinagno

.10

Santa Rosa

,042

.11

Quiet.

Mine Operations

NO CHANGES YET

Stockholm, May 14. The Finance Minister of Sweden, Dr. E. Wigforss, to-day disavowed any intention on the part of the Government, to change the pre- sent sterling-kroha rate:

་།

He declares no change seerns to

within be required

STRIDES IN OCEAN

TRANSPORT

Sir T. Royden's Survey

In a paper on "Recent develop- ments in ocean transport" read before the Institute of Transport in London, Sir Thomas Royden, for- mer President of the Chamber of Shipping. and Director of several steamship companies, said that in the last 20 years the tonnage fitted with Diesel engines had risen from 234.287 to more than 12,290,000 gross. However, the steam recipro- cating engine with Scotch Boilers still held the frat position in marine propulsion, being atted in 85.5 per cent. of the world's total shipping tonnage.

Concerning the development of the trade in refrigerated produce, he said that 210 vessels held Lloyd's refrigerating machinery certificate

In 1920. In 1935 there were 546

In spite of great improvements in

passenger comfort on ocean liners.

Cements are $15.40 bid, arter sales slightly above this, Dalry Farnis were sold up to $25.85 and $26 and still have buyers at $253. Sinceres are wanted at $2.50 and Lane Crawfords near $8.60. Ewos are steady around 8h816.70 and Shanghat Cottons (old) are $117 bld.

Hotels exchanged at $7.30 and $7.35, but at the higher figure there are now small sellers. Lands con- tinue steady and have buyers at 2351 Realtys, also are in enquiry at $5.90.

Wharfs can be taken at 1194 and Providents (old) received support up to $2.30, business. done. The "New" are again higher at 80 cents sales, and buyers. Docks have re- lapsed to a nominal price of $30) middle.

Raubs are somewhat easier at around $12.cn lower advices from

affected ini are Singapore. They sympathy with the world wide de- eline in all gold shares.

Canton Insurances are." 8325. Hongkong Fire's $230 buyers and Unions $620. China Underwriters are wanted at $1.50. Banks con- tinue to be taken at $1865.

Philippine mining:-Only small business is reported. East Min- danaos sold at 39 cts., Consolidated Més at 4 cts, and Suyocs, at 63 ets.

Closing comment.

Hongkong:

quietly steady. Manila market un- .certain.

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

LONDON EXCHANGE RATES

109-59/04 21.58

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

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

AUSTRALIA AND CHINA incorporated by Royal Charter, 1839

HEAD OFFICE: LONDON.

$50,000,000

£3.001.006

£3.000.000

(British Wiralem Service)

May B

May is

1101

Paris

21.58

Authorised Capital

Geneva

12.27

12.33

Berlin...

Reserve Fundā :—

Athen

93-13/16

93-15/16

Starling

£8,500,000

Paid-up Capital..

Milan

Hong Kong Curraqoy

Reserve..

...$10,000,000

Copenhagen

Reserve Fund „........... Reserve Llabilty of Pra-

Reserve Liability of

Stockholm

£3.000.000

Proprietors

...$20,000,000

Shanghai

4.932

New York

8.991

4.941 8.987

Head Office:-HONG KONG

Amsterdam

Vienna

141-13/18

Prague

Board of Directors. G. Miskin, Esq.,

BEANGHAL

Madrid

Chairman.

SINGAPUR

Lisbon

Hon. Mr. M. T. Johnson

KUALA

SITIAWAN

Hong Hong

Deputy Chairman. | CANTON |.

(UMPUR

BOURABAYA

Bombay

Montreal Brussela

29.223 4.92-7/16

29.321 4.93-1/16

J. K. Bousfeld, Esq.,.

A. H. Compton, Esq.,

S. H. Dodwell, Esq.,

CAWNPOWE CEBU COLOMBO

KUCHING

TAIPING

MADRAS

MANILA

TONGKAR

Yokobama

J. R. Masson, Esqy,

DELHI HAIPHONG

MEDAN

WEW YORK

TINOTAO

КАМБОВО

PRIPING

Belgrade

Monte Video

Rio......

Bucharest

Silver (Forward)

Silver (Spot) War Loan.

Closing Quotations

On LONDON-

Telegraphic Transter... 11/2 Bank Billa, on demand Credits. four months'

xight

ON SHANGHAI :---

- On Demand

ON SINGAPORE:-

On demand On JAPAN:-

On demand

On India:

K. 6. Morrison," Esq.,

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq.,

A. L. Shields, Esq... Sir V. M. Grayburn,

Chief Manager.

Poiping

201 20+

31 102-3/16

А щот

Branches:- Iloilo

Slay 16, 1937.

ON NEW YORK:-

Baligkok Batavia..

Ipoh

Johore

Pehang Rangoon

Bank Billa, on demand 30) Credits, 60 days', sight. 30%

Bombay

Calcutta

Kobo Kowloon

27/39

ON BATAVIA

Canton

Kuala

Saigou San Fran

eisoo

On demand

Chefoo

ON PARIS-

1/3 1/22

Bank Billa, on demand 679

102

Haiphong Manila

On demand............... 678

Hamburg Muar

528

ON MANILA !-----

Elankow

On demand ---

13

Harbin

ON BANDKOB:-

106

On demand

1497

• Current

1/3 207/16

periods in Local Currency and Sterling on terms which will be

Telegraphic Transfer... 81 Bank, on demand.........

"H. K. STOCK EXCHANGE

SATURDAY'S OFFICIAL QUOTATIONS

The market was devold of in- terest, on the eve of the Whitsun holiday

The Manila market was barely steady.

BUYERS

Hong Kong Banks, $1860, Bank of East Asia, $93. Underwriters. $1.55.

H. K Fires. $280. H. K. Wharves, $120. Providents" (old), $24. Providents (new), .60 cta. H. K. Lands, $35. H K Realties, $5.90. H. K. Trams. $15. Peak Trams (old), $43. Peak Trama (new), $11. China Lights. (old), $141. H. K. Electrics, $601. Macao Electrics, $18. Bandakan Lights, $121. Telephones (old), $291-

H. K. Ropes, $5.20. Dairy Farms, $252. Sinceres, $2.60.

S'ha Cottons (old), Sh.$117. S'hai Cottons (new). Sh.$92. Construtions (new), 45 cts:

BUYERS

Btar Ferries, $86: Telephones, (new), $12.80. Dairy Farms, $26.

HALES Providents (old), $2.30: Cements, $15.40.

H. K. Ropes, $5.30.

FOREIGN TRADE

OF MANCHOUKUO

FOR 1936

Saturday, May 15. Silver, prices rose 1/16 yesterday for both deliveries, the quotations being 20 7/16. for Ready and 20 9/16 for Forward. Silver advices reported India as having bought, Speculators sold. The market the officiai quiet. After Axing there were small sellers at the fixed rate. American Silver was quoted at 1/4 for Spot,

The London/New York, cross-ports and Imports) to the amount

те

New rate was quoted at 493.80. York/Landon was quoted at 494.

MARKET

Quiet.

STERLING There were sellers at 1/2 29/32 May/December, buyers at 1/2 15/16 for any delivery

U.S. DOLLARS

Business wAR done at 509 Sep-

The foreign trade of Manchon- kuo for the entire year of 1936 increased in value (both in ex-

of Manchoukuo Yuan 1,294,648,- 282, in comparison with the total trade of 1935, which was placed at MY. 1,025,227,112. Manchoukuo had an adverse trade" balance of only M.Y. 89,139,284, In 1936, whereas in 1939 the unfavourablé balance stood at M.Y. 183,071,808. The foreign trade for January 1937 amounted to MY. 133,181,- 411, of which imports were placed

Credits, 4 month's sight 707 ON SAIGON:-

SOVEREIGNS Bank Buying

Rate

BAR SILVER, per os.

MINERS WHO HAVE LOST THEIR SKILL

Plan To Find Less Expert Work

61

Lists of unemployed mineworkers registered at labour exchanges in different parts of the country are to be carefully revised in the light: of the present scarcity of skilled workers.

"Many miners registered as avall- able for various grades of work are found to he unsuitable when engaged. Some have grown too old, others," through lack of prac- tice, have ceased to hold their skill Yet others are unfamiliar with modern machinery and methods and can no longer fill positions in the grades for which they are re- gistered.

Lumpur Shanghai Colombo London Singapore Daires Lyons Sourabaya Foochow Malacca Sungei

Patani Tientsin (Jobore) · Tokyo - Mukdea Tsingtao

Hongkow New York Yokohama

Accounts

opened in

Local Currency and Fixed Deposits

priators

Agencies and Branches;-

ALOR STAR COLL AMRITSAR IPOK BANGKOK KARACHI BATAVIA KLANG BOMBAY КОНК CALCUTTA

BAIOON "SEMARANG SEREMBAN

HANKOW

HARBIN

TIENTSIN

(Bhuket,

TOKOHAMA

(Peking) ZAMBOANGA

PENANG

HONG KONG RANGOON

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 Bauk's Head Office in Lon don undertakes Executor & Trustee business, and claims recovery of British Income Tax overpaid, ou terms which may be ascertained må any of the Agencies and Branchés..

R. W. ROBERTS,

Manager.

12

THE CHASE BANK

received for one year or shorter 1. QUEEN'S ROAD CENTRAL

quoted on application.

Also up to dace Safe Deposit Boxes in various sizes To Let. Hong Kong, 12th May, 1837.

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, lat March, 1937!

2

BANK OF EAST ASIA, LIMITED.

Authorised Capital ...$10,000,000.00 Paid-up Capital ...... 6,698,600.00 Reserve and Undivided

Profita

2,776,720.70

HEAD OFFICES:-HONG KONG

Board of Directors:-

A start on the revision has been No, 10, Des Voeux Road, Central made in the Consett district. of Durham where coalowners and re- presentatives of the workers have set up a panel in collaboration with

the manager of the local labour exchange. The name of each miner on the list is to be examined separately, to ascertain for what work the man is actually atted.

Other districts are setting op similar committees "and it is ex- pected that eventually the indus try throughout the country will have to undertake a similar course. -SKILLED MEN SCARCE Part of the shortage of skilled workers in some districts, has been met by the transfer of miners from other areas. Little further rellet can be obtained by this method. There is also a scarcity of boys for pit work, made more acute by the absorption of Juvenile workers in- to other, industries, particularly engineering.

The number of skilled coalgetters is small compared with the total number of mineworkers. For every man employed at the coal face there are many others engaged in bringing the coal to the surface and in dealing with it there.

A few weeks ago the total num- ber of unemployed mineworkers had fallen to 103,000 in England and Wales. - Since then the num- ber has been reduced, and it may be necessary for the classes from which recruitment is now permilt ted to be extended.

A significant indication of the present state of the industry is at M.Y. 58,150,554 and exports at provided by the weekly returns of

Sir Shouson Chow, Chairman

Li Koon Chun, Esq. Li Lan sng, Esq. P. K. Kwok, kaq. Wong Chution,sq. Wong YunTong, Esq. Kan Ying Pù, Esq. Chan Ching Shek. rung Ping Wah,

Erq.

HEAD OFFICE:

18, PINI STREET,

NEW YORK.

An American Bank offering com- plete Foreign Banking Berrios in the principal Markets of the world.

Interest Bates on Application..

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHASE NATIONAL. BANK, NEW. YORK, with Resources over U.S $9,027,000,000,00

D. M. BIGGAR

Manager.

THE YOKOHAMA SPECIE BANK

· LIMITED

Capital (fully paid up)

Yen 100,000,000 or Reserve Fund Yen 132,050,000.00

1.

HEAD OFFICE:-YOKOHAMA

BRANCHES AND ÄGENUINE AT: Alexandria Honolulu Rangoon Bangkok Hsinking Rio do Batavia Karachi Berlin Kobe Bombay

Calcutta

Canton. Dairen

London

Janeiro

San

Francisco

Los Angeles Seattle

Manila Semarang

(Delay) Nagasaki Singapore

Fengtien

(Mukden) New York Sydney

-Moji

Shanghai

Nagoya

Soerabaya

Tientsia

Tokyo

Tsingtao

Vinkos

Hamburg Osaka Esq. Haskow

Kan Tung fu, sq., Chief Manager. Li Tee Fong, Esq., Maangor.

Amoy BaLarix Bombay

Calcutta

Canton

Haiphong

Haukow

Branches and Agencia:-

ACOW

PUM Bourabaya Inados Bascom Swałow Manlis

Balgon Hydney Malbourne San Fran. Talboka Magmaakt

New York sanctio

خطمين

Konolulu Pszla

Xobs

Priping

dison Tentan

Zakya Bemaro VanDOUTER

Haunch Tokakuta Singapore

Every description of Banking and Exchange business transacted.

Loans granted CA approved

securities.

Current

Accounte opened in Local Currency and Fixed De- posita received for one year or

in Loca shorter periods. Foreign Currencies on terma which

Safe Deposit Boxsa To Let.

IN

KAN TONG PO.

Chief Manager.

Otaru

Harbin Paris

Hong KongPeiping

Intereas allowed on Current Ac- counts.

Deposita received for Fixed Periods at rates to be obtained on application,

"

Y: KANO,

Manager.

Hong Kong, 10th March, 1937.

TEA PRODUCTION QUOTA

London, May 14. Some surprise was caused in market circles by the announce- and ment that the tea production had already been quota, which fixed at 82 1/2 per cent. for 1937- 38. had been suddenly raised by the International Tea Restriction Committee to 87 1/2 per cent.

General opinion had been that the market was already well sup- piled

INDIA NOT TO BAN JAPANESE SHIPS Representations At Tokyo

Reports that the Government of India are to prohibit Japanese"} shipping in Indian waters are without foundation, writes

At all events, very large pur- chases were made by dealers at the beginning of the year, from fear that the import duty would be increased. PH

These purchases had had, the effect of caveing a rise in prices. This had so favoured competition Home correspondent. Colour has been lent to such reports, by the by important outsiders, above all fact that the Government of India by China, that the Committee

the hook latching back the cablu tember, August and July, The MY. 77,030,857, giving Manchon-coal produced. In each of the have been receiving representa. found it advisable to check the up- door was stih placed in a portion market close with small sellers at yao a favourable trade balance of past four weeks the output has ex- tions from Indian shipping inter. /ward trend of prices by increasing which combined "the maximum of 30 May/June and 30 9/16. July/ M.X. 20.880.303. inconvenience with the minimum of October, buyers at 30 11/18 Cash/ advantage."

July and 30 August/October.

Increases in speed had been gen eral. The Strathmore had reached

Bontbay in ten days from London, and the Burling Castle had made the passage from South Africa, in 13 May

the pre-month reduced the reasons dictable future, and indeed the considering such a measure, fall of international prices lant Reuter.

"for

ceeded 5,000,000 tons. This has not In January 1936, Manchoukuo's been equalled for many years at favourable balance amounted to Buch, a timp, when domestic de SHANGHAI DOLLARS

MY. 17,990,188. It is too early to mand is beginning to slacken and Business was done at 1023 for predict whether Manchukuo will, when Canadian anthracite is be

There were sellers at 102at the end of this year, have coming available,

Cash: 9/16, buyers at 102 for cash,

SHANGHAI MARKET.

Man favourable trade balance. choukno is primarily an 'agricul-

ests complaining of Japanese competition with Indian coastal shipping.

The gravamen of the charge against Japanese shipping is that It adopts a cut rate. Furthermore, g last year the fishing tride of Cal- cutta and other ports on the In-

There were sellers of Sterlingtural country and its principal ex-gramme which means that manu-dian east coast had been com at 1/2. buyers at 1/2 17/32 for ports are products produced from factured goods, especially ..Spot. US. Dollars, sellers at 207, the soil. The new State has just struction materiais, will continue

buyers at 20 15/16 for Bpot. begun its Ave-year industrial.pro- to be imported.

completely captured by the Japanese.

It is reported that the Gölexb- ment of India Commerce Secre

supplies reaching the market--t Transocean News Service.

tariat is discussing with the Jap- anese Consul-General in New Delhi ways and means of arriving at a solution acceptable to both Indián and Japanese shipping interests.; It is expected that these nerotia- tions will result in a satisfactory solution.