DAILY SHARE QUOTATIONS
Hong Kong Stock
Exchange
Sharebrokers..
Association
Bayola |¿Ballers,
Nominal
WEDNESDAY, JULY 28.
Bingora
Bellary
Sales Mamina
itanka
$1,920 a d
xd
$9.30
gină un m
!!!
$17
19
*******
$80
HONG KONG DAILY PRESS. THURSDAY, JULY 29, 1937..
H. K. STOCK EXCHANGE
AND
"H. K. SHAREBROKERS' ASSOCIATION,
Philippine Gold Mining Quotations
27th July
B.
S.
28th July 1937
clou.
Time Received clos
Closing 10.00 10.00 10.20 11.15 2.44 3.05 3.45
201
73 76 78 www 21
76
18
9.75
6331
H.K. Bank's ... Ma (London) Chartered Banks...
Do
$1,035 d
Id
£114
£13
Morcantile Bks “A”,
£33
£15
1101
Bank of East Axiá.....
199
N. O. & S. Barka ...
Ratox
Insurances
$300
Canton locira:1000..
$297
Antamoks
23
74
76
1026 12
Union Insuranosa ...
1823.
Underwriter
12
Atoka
20 291
20
90
J}
1320
H.K. Fires.
3280
Baguio Gold
174
17
18
19
International Asera. 3.
Benguet Consol
*** 0.75
0.00 9.75
Shipping
of bid
sh
Douglaron
$48
381
Steamb
Big Wedge
***
***
14
14
16
351
Indo-China (prof.)
Coco Grove...
42 49
46
45
442
Consol Afines
.018
110/7
Demonstrations
43
E. Mindanao
!!
20/8 $11.45
G. Goldfields
12+
164
12
Itogons
52
53
Benguet Explor
2017.018 .017 - .018
।⌘:!! | ༑! སྦྱཋ | སྒྲ ཾ · སྐྱུ་ | | | ¢
42
42
+3
18
18 16)
101
104
12
59
30
32
-58
57
02
***
**
161
17
32.10
Min. Resources Northern Mining
15 18
14
17.
1 4å'ot
41
0
10 o'
Paracale Gamau.
25
20 241
23
$38+
$100
San Mauricio
1.05 1.10 1.05
1.10
1.10
32
Suyor Consol
小鹦
United Paracales
62
83
64
$6.65
Market Comment.
Steadier
S VS
S
S
135
$102
$5.90
19
BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital ·
$80,000,000
Issued & Fully Paid-Up $20,000,000 Reserve Fundi :-- Sterling.
Hong Kong Currency Reserve ***
Reserve Liability of
Proprietors
.1.2 8,500,000
THE CHARTERED BANK OF INDIA "AUSTRALIA' AND CHINA Incorporated by Buyal Charter 1853
*HEAD OFFICE: LONDON:
38, Bishopsgate 502
$10,000,000 | Paid-up Capital..
Reserve Fund .............. ‚$20,000,000 | A«serve Llability of pro-
prietors
Head Office:-HONG KONG
Board of Directora.
*
Chairman.
G. Miskin, Esq.,
Hon. Mr. M. T. Johnson,
Deputy Chairman,
J. E. Bousfeld, Esq.,
A. H. Compton, Esq.,.
S. H. Dodwall, Esq.,
J. R. Masson, Esq
K. S. Morrison, Esq..
Hon. Mr. J. J. Paterson,
T. E. Pearce, Exquy
A L Shield, Esq.,
Sir Vandeleur M. Graybure,
Branches:
£4.000.000 £3.000.000
£3.000.000
MANCHESTER BRANCH: 71. Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOR STAR ILOILO AMRITSAR
BAIGON
SEMARANG
IPO B KARACHI
SEREMBAN
i
BHANGHAI
BATAVIA KLANG
BANGKOK
BOMBAY IOAK
CALCUTTA
CANTON
KUALA
! LUMPUR
«KUCHING
BINGAPORE
BITIAWAN
BOUMABAYA
TAIPING
COLOMBO DELHI
MANTLA
TOMUKAN
MEDAN
(Bhuket)
ELIPTONG
KEW YORK"
Chief Manager.
HAMBURG
PRIPING AN
BANIOW
HARBIN
Paiping
Penang
Rangoon
Saigon
$48
Do. (del)
110/74 Shells ................
Waterbosta
Mining
91/ E1l riBessa་་་བབ་ $11.40) Rauba..kommen Venezuela Gold Fide,
15
$21
co cta.
$32.8
Docks, WharTOS,
Godowns, ate.
H.K., & K. Wharees,| $117) Providente (ok)
'Do," (now))
R.K. & W. Docke
$68 Shangaa Dock S.
$3 New Engineering 8. Lands, Hotels, and
$6.90
135)
$105
$11
87
8.10
Bul dings
H.K. Hotela...
HK Lands......... Do. 4% Dobeatures
Shanghai Laode...S. Metropolitan Lands.. H.K. Healtics....... China Do
180 Do. DebouturesŇ.
39
ཟཛྫི་ཨྰཿཎྜ1ཀྱིངར།
Humphreys
Chinese Estate......
- Cotton Mills
EWOO ........... 3'an Cottonstald)S. Do. (DOWS. Zoong Sings...S. Wing On Textiles(9) Bwo Cotton Rt. S. 12
Pabile Utilities
$16.00 Tramway
£17
Ponk Trams (old)...] $8
"
Da, (ww)... $2)
Star Ferries
Yausti Ferries
313.80 China Lights (old)... $13.70
160
19
$144
Do. (new).
H.K. Electrica
Миско ба Sandakan Lights ---
$29.60 Telephones (old) $11,60 A Do. (new)
$12
24/2
Chins Busee «☎i Tractions ........................
23/ Do. (pref.) .................
45 cts
$261
8.40 $1.60
40 eta,
Paria
prem.
Constructions, (old) 1
Do.
4463
8111 !!!
!!!!!
$15,45
LXL
Masbatea
THE EXCHANGE
MARKET
MESSRS. ROZA BROS.
Silver prices dropped yesterday
to the extent of 1/16 for Ready
and 1/8 for Forward, the quota
4
tions being 20 for both deliveries. Suver
16
!
H. K. STOCK EXCHANGE
YESTERDAY'S "OFFICIAL QUOTATIONS
ន
The market was fairly steady,
ARGENTINETM
EXCHANGE
The fact that Argentina "nas been investing huge sums in gold and foreign exchange as a means to avold the possible inflationary effects of the enormous trade balance and the influx of foreign
advices reported China at rates lower than nominal list-capital was revealed in the annual
$14.80 Banks and India as having sold.lgs.
12/
$34
$79
$24
cd
$26 $27
$13 $13.30 359)
The market Was steady. After the official fixing there were buy- ers at 1/16 under the quoted rate and sellers were rather reserved.
American Silver Was unchanged at 44-3/4 for Spot.
"
The London-New York cross- 129.40 rate was quoted at 497.85. New 11.30 York-London was higher at 408.
18,60 $6.80
MARKET
F
Steady at the opening but later firmed up slightly particularly for near delivery...
IN STERLING
the
There wére sellers after opening at 1/2 11/18 July-Decem- ber, buyers bidding 1/2 23/32. transactions Subsequently some were arranged at 1/2 23/32 for Cash, July and August. The mar- ket closed with sellers at 1/2 23/32 July and 1/2' 11/16 August-Decem- ber, buyers at 1/2 3/4 Cash- August and 1/2 23/32 September- December.
Industriais
$16
Caldbeck, ori! S.
17
$2
Macgregors f(pref.)8.
Canton Lees,
$15,10
Corovats
$15
33.06
$5.20
Rope-46m4q
Miscellaneous
Dairy Farma....... ⠀
$281
$261
Ch. E'tainmonts... $4.80
new)
++
ota.
18.00
Lane Crawfords....
Nanyang Tobacco....
12.00
Bincare rasen et
0、40
877. Ch.0.4%19259.4Bds.
C.En
Enterprises
Watsons $5.20
31
98%
prem. 8%
F.K.
Gorb, 4%100 $100
A
101
Ja
$60
HE Wing Or
Do
$100
14.
Vibro Fiting
$4.90
Wm. Powells
(H.K.)
|40 eta.
*Sales to Shanghní
Wallace Harper...an
23/9 Maramans I v. (Lon.))
LONDON EXCHANGE RATES
Geneva
Berlin
Athens
Milan...... Copenhagen
Stockholm Shanghai
New York
Amsterdam
Prague.i
Vienna
Madrid ..
Lisbon
Hong Kong
Bombay Montreal.. Brussels..... Yokohama
Belgrade
Monte Video
Rio
Bucharest
Silver (Forward) Bilver- (Spot)
War Loan
(British Wireless Service)
July 24
133-3/32
21.04 12.344
9+-7/13.
**** 4.967
9.01
142-9/16
July 28 132 63/64 217" 12.37
4.97-13/18 9.011
4.961
4.971
29.51
Closing Quotations
July 28, 1937.
LONDON - Telegraphic Transfer.. Bank Bills, on demand 1/ Credits four months'
sight
នគ
20
3% 100-1/16.
OF NEW YORK ---
Bank Billa, on demand 30 $1 Oredite, 60 days aight. 30 (1/18 ON BETAYLA
On demand
541/18 ON PAKIS
Bank Bills, on demand 810
1/2 13/16
On BBANGHAI BA
Du Demand
102)
Gredits, 4 month's sight 881 ON BAIGON
WON SINGAPOR
Aff On demand ...
Més On deman
:517
ww On demand wat
On demand
104
SOVEREIGES
L/9*25/39
+
U.S. DOLLÁRS
was small business
Manila Indicated a faint im- provement.
BUYERS
HK. Bank, $1930 C.D. Douglases, $48.
Unton Waterboats $9.30. HK & K Wharves, $1174. Chinese Estates, $90. Peak Trams (Old), $5. ' Peak Trams (New) $24 Star Ferries, $8627 Wm. Powell, Ltd., 40 cts. Constructions (New), 45 cts. H.X. Govt. 31 Loan, 1% Prem. Wallace Harpers, $4 Marsmans (H.K.), 6/94.
SALES Dairy Farms, $261)
RESERVE STOCK
OF TING
report of the Ministry of Finance just submitted to Congress, writes financiál correspondent In Buenos Aires.
มิ
Amoy Iloilo
Bangkok [pob Batavia Jobore Bombay Kobe
Calcutta.. Canton
Chefoo
Colombo
San Fran- Kowloon Kuala
Cisco Lumpur Shanghai London Singapore Sourabaya Sungei
Patani Tientsia
Dairen Lyons
Foochow
Malacos
Haiphong Manila Hamburg Muar
Hankow
(Johore) Tokyo Mukdeni
Tsingta
Harbin Hongkow New York Yokohama
Current Accounts opened 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 May, 1937.
HONG 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 Hosa KONG & SHANGHAI
BANKING CORPORATION
V. M. GRAYBURN,
Chief Manager. Hong Kong, 1st March, 1937.
On November 28, 1933, a system was created under which the Government purchased all export bills relating to the major com- modities shipped by Argentina- especially meat, wool, hides, gra'n, and linseed-at 45 pesos to the pound," and "sold the exchange to importers and others at 17 pesos. Those basic rates were modified on several occasions-the. railways, granted a special rate of $15.75 pesos to the pound sterling for their remittances, and the general selling rate was reduced towards the end of last year to 16 pesos but the proats have been never theless enormous, and at December 31, 1938. they stood at $325,500,000. Out of that sum. $192,300,000 were available at that date after cover- Ing the exchange losses on Governo,
ment remittances, the expenses of
the Grain Regulating Board, and the subsidies to the meat pro- ducers,
means of
BANK OF EAST ASIA,
LIMITED.
CAWNPORE CIST*
MADRAS
TRINGTAO
YOKOHAMA
**(Paking) KANGANGA
PENANG,
HỒNG LONG BẠNG ĐỜI
FOREIGN EXCHanoi and General .. Banking Business "transacted.
CURRENT ACCOUNTS opened and FIXED DEPOUrs received for Qas Year or shorter periods at rates which will be quoted on applica tion.
The Bank's Head Office in Lea- don undertakes Executor & Trustee business, and claims recovery sof British Income Tak overpaid, on terms which may be ascertained any of the Agancies and Branches
BAW. BQBERTS,
Manager,
THE CHASE "BANK”
14, QUEEN'S BOAD CENTRAL
HEAD OFFICE;
18, Pina. SrzaET,
NEW YORK
An American Bank offering com plete Foreign Banking Service in the principal Markets of the ........... world.
Interest Bates on Application.
SAFE
DEPOSIT BOXES
This Bank "un; entirely owned by THE CHASE NATIONAL BANK, Naw York, with Résources over U.S. $9,600,000,000,
'D. M. BIGGAE,
Managar.
LIMITED
Authorised Capital ...$10,000,000.00 THE YOKOHAMA SPECIE BANK Paid-up Capital 5,508,800.00 Reserve and Undivided ***Profitse ***** 2,776,790.76
HEAD OFFICE --HONG Koso
10, Des Voeux Road, Central.
· Board of Directors:—
Capital (fully paid up)
Yon 100,000,000.00 Reserve Fund Yen 139,650,000.00
Bombay Calcutta Canton Vairon
London, July 27. It may be urged that the talk of
HEAD OFFICE:—YOKOHAMA. reconstituting the buffer stock of
Sir Shouton Chow, 'Chairman tin in some form or other is pre-
Li Koon Chan, Esq. Li Lan sang, Kaq. BRANCHES AND ÁGENOTES ATEL done mature, sald Sir Harry Peat, preald-
The whole of that balance was F. K. Kwok, raq WongChuson, taq Alexandria Honolulu Rangoon shortly after the opening at 30ing at the annual meeting of the invested in gold and foreign ex-wong YunTong,caq. Kau Ying Po, Esq. Bangkok Hsinking Bic de 7/18 for September delivery. The Tin Producers' Association.
change, but the rapid growth of Chan Ching Shek - *'ong Pingan,* | BIRVIE Karachi market closed with sellers at 30 He added that although the time
the trade balance made it ́neces-
Eaq.
Esq. Berlin other 1/2 July and 30 7/16 August-Octo- might not be opportune for the sary to seek
of a reserve: steck it sterilising the surplus funds, and
Kan Tong Fu, Gaq., Chief Manager. ber, buyers at 30 9/10 Cash-formation
to him that this op an issue of treasury bills to
Li Tae Fong, Ex4, Manager. August and 30 1/2 September-de-seemed
portunity should be taken to con- value of $100,000,000 was made tober.
Branches and Agencias alder in advance as to how such
with the object of" investing" the stocks should be formed and ad-oceeds in a similar manner. Bistaria ministered so that the industry Even then. however, further mex-a might be ready with its plans sures became necessary, and the against the time when a reserve Central Bank decided to offer to stock might become essential the private banks possessing exccas Beuter,
funds to invest the latter in more gold and foreign ® exchange, „,; for which they received custody cert! catelo77 1 Abe AS, CITE
SHANGHAI DOLLARS Some business was done early in the morning at 103 5/16 for Spot. The market closed with sellers at 103 5/15; buyers probably at 103 7/16 for Spot:
SHANGHAI' MARKET Sterling, there were sellers - at. 1/2 1/4 for cash buyers at 1/2 17/84 August sellers at 1/2 9/64, buyers at 1/2 11/84 September sellers at 1/2 3/32, buyers at
B
MINING INDUSTRY
London, July 27. Discussing the mining industry
Amay
Bombay
Baigon.
Manila Moji
Janeiro Kobe San London Franoisso Los Angeles Seattle
Semarang Shanghai (Dalny) Nagasaki Singapore Mowloom Penang Bourabaya London Banyoon. Bwabow
Fengtion Nagoya, Soerabaya- Mandia
Bydney *(Mukden) New York Sydney Melbosynė - San Fran-
Hamburg Osaka Tientalm mece Festalsi Faphoar, Bo York Stacie Toky
Hanko Othru Tokyo Hankow. Danka -- Bamazung) - Yo
|Harbin Paris Koncluin Pacin Shanghai Yokohama
Tsingtao Kabe
Priplog Singaporn
Hong KongPeiping Yinkow
terat illowed on Current Ac Every description of Banking counts. and Exchange business transacted. Deposite received for Fixed Loans
granted on apps application.
Approved Period at rates to be obtained on securities. A THE PROFITS OF CONTROL
Current
Y. KANO. "Accounts opened in The result of that policy was, in Local Currency and Fixed De
Manager.
COSTLY PORCELAIN Chinese Specimens Fetch Big Prices
1/2 1/8. US. Dollars, Spot rate in the House of Commons, Mr. the first place, the accumulation of porita received for one year or Hong Kong. 10th March, 1937.
Crookshanks, Becretary of State a strong monetary reserve, and in shorter periods in Local and selters 20 17/32, buyers at 29 9/16, for Mines, atated that 69 licences the second the avoidance of an Foreign Currencies on tarms which August sellers at 29 5/16, buyers had been issued by the Governinnation of credits, as the cash will be quoted on application. at 23 3/8. Beptember sellers atment for off prospecting in Eng-holdings of the banks are actual-
Bafe Deposit Boxes To Let 20 3/15, buyers at 29 1/4. Early land. Land over which all was be-ly lower than a year ago and the
KANTONG PO. advices indicated the market as ing prospected was about twenty bank loans during 1936) rose by
Chief Manager. being weak but subsequent cables two per cent of the whole area of reported the market was being a
the country. He added that the ahade steadier.
production of coal in Britain was being well 'maintained though the export trade was bad chiefly owing to the los
of the Spanish market- Reuter
JAPAN'S GOLD REVALUATION
Osaka, July 28,
It is reported that the Gold NEW ZEALAND Revaluation Bill which is to be n troduced at a special season of the Diet values "pro tempore" 200 miligrams of fine gold at one yen,
BAN
CATTLE Plea For Removal Of
Embargo
only 5.4 per cent. compared with the previous year's digures.
Since the end of last year," part
Bix tiny teacup and saucers of of the exchange profits (887,300,- RUBBER FLOORING the Kang Hot Tamille Noire weis sold at Botheby's recently for 900) was used for the redemption ut dollar loans, and practically the There is yet another way in £460, being part of an Amster- whole of the baldince, as well as which rubber can be made full use dam collection or Chinese, porée- the estimated income for 1937, is of. When we consider the enorm-, lain which fetched nearly £15,000 **/*; already earmarked for the erection ous' area represented by the foor | * One dish realished £580, and a of grain elevators and payment of space of the large blocks of modern pair of superb globular vases a zubsidy to meat producers" to offices, stores, banks, insurance 2540. onset the effect of the British bruses, hospitais, and public build-
Commenting on the sale, Lo jevy on imported mest.ings generally, we are impressed by don critics have come to the cop- Meanwhile, the Government the tremendous potential market clusion that foreign owners and holds out no hope of an early sup which exists for rubber flooring, trustees of art and literary collec- pression of exchange control, which in this world of noise and hurry, tims have rapidly decided that
which is the equivalent of 12.931
is not only a valuable source of it is essential that some devices the London market is the world's A hint that steps towards the income but a powerful weapon for should be made in order to lessets
paramount clearing house, yen, against five yen" per momme. The revaluation profit thus ob-removal of the New Zealand e-commercial bargaining, especially the acuteness of nervous strain. gasy tainable is estimated approximate-bargo, upon the importation of since a surtax or 20 per cent. Is There is no other material which
cattle stock from ly at 800,000,000 yen.......
ngland might collected on ali Imports for which can deaden the sound of footsteps, be taken aborti The Department of Commerce
was given by Mr.a special advance permit has not or reduce the echoes of the human been granted! This suriax" pro-voice and the rattle of the type= and Industry has completed Its C. G. B. Dermer, ont
and duced $53,000,000 in 1936.—“London writer like rubber, and yet there five-year plan for gold production ders
Farnets Morning Post.
are few buildings which have TƯỜ¬ her noorso
Bouth
for the whole of Japan, bringing and fle total output in 1942 to a yield throughout Europez of-135 tons, against 50 tons 48
present
Reuter
and Great Britain.
la alive and cost-
roves
be question of
purscape
scientine
technical side of rubber facturing has been slow to ble flooringa to
blic at
ibilit
application there should be a bi
stumbling block The Ber
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