1937-07-31 — Page 12

∙IZ

DAILY SHARE QUOTATIONS Hong Kong Stock

Exchange

Sharebrokers'

Association

By Jer

Bales" Nominat

FRIDAY, JULY 30.

Baywe

Balbuen

معلمة

emina

$1,920] ad

anka

ELK. Banksm

rd

£119

10.30

!!!

**TH HD quå m

8142

th

233

Bo (London)".... Chartered Banks... Mercantile Bks. "A"

o d xd

$1,935

2112

10+

2143

*

ΕΙΔ 3101

Do.

C

Bank of East Asia...

£10 399

29th July Closing Ratex

B

9:54

.N..& S. Banks ...

Insurances

$300

Canten luxarandoe..

397

Antamoks

74

71

72 73

74

Unida Insuran1066 *** |

$822

Atoka

20

19

201

99

***

Underwriters

38

3220

"H.K. Fires........................

3290

Baguio Gold

17. 17 10}

10%

International Asics,"d.

Benguet Consol

Shipping

Benguet Explor

i 10jà

&

9

Donglades

148

181

Stumbe

Big Wedge

14

13

14

·

3A1

Indo-Chinas (pref.)

301.

Coco Grove ...

44

43

44

$452

Do. (def.)

Consol MineS

Cont

016 ,017

110/Shells ROM==|

110-

Waterboats

Demonstrations

41

40

42

41

49

EM

21/-

Mining

Kailans EYONDON

111.40 Raubs

E. Mindanao

151

16

17

10/8

$5

Venezuela Gold Fids:

!!!

!!!

G. Goldfields

12

11

111

311.45

#31

Itogons

51

48

59

A

|::རྩ

09

I. X. I

63

56

57 57

50

118

$118

|60 ot./

$21

Docks, Wharre#,

Godowns, ele.

HK & K. Wharton,

Proridents (oki). ... (DOW) Do.

$39.95 H.K. W. Docks

Masbates

161

141 104.

HONG KONG DAILY PRESS, SATURDAY, JULY 31, 1937.

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS' ASSOCIATION

Philippine Gold Mining Quotations

"30th July, 1937

clos

Time Received

0.54 10.23 1.21 2401 3.07

9.75 10.00 9.75 10.00

ינן

cloe.

4.30

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

Reserva

Reserve Liability of:

Proprietors

6,500,000

AUSTRALIA AND CHINA Incorporated by Royal Charter 1853

HEAD OFFICE:"LONDON: medy 38, Bishopsgate E.0.2.

00,000 Paid-up Capital........

Reserve Fund Asia $30,000,000 | Reserve Liability of Pro-

Head Office: HONG KONG Board of Directors.

G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson,

£5.400.000

- £3,000,000

'prietors .....KENTTÄRINNARA £3.900.000

~ MANCHESTER BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES :'

ALOR STAR O

IPON

BANGIOK KARACHI

BATAVIA * KLANO

SAIGON

Deputy Chairman, | AMRUTHAR

SEMARANG

J. K. Bousfeld, Esq.,

SRKEMBAN

A. H. Compton, Esq.,

SHANGHAI

S. H. Dodwell, Esq.,

COBS

SINGAPORE

CALCUTTA KUALA

MITIAWAN

J. R. Mason, Esq.,

K. 6. Morrison, Esq.,

CANTOM

LUMPUR

SOUZABATA

Hon. Mr. J. J. Paterson,

CAWNPORE EUCHING

TAIPING

CENO

MADRAS

T. E. Pearce, Esq.

TIERTELN

COLOMBO ...

MAXILA

TURSKAX

DMLHT

MEDAN

(Bhuket)

HAIPHONG

KAMBURG

NEW YORK PRIPING

TRIKOTAO

KANKOW

HARBIN

16+

19 12

A. L. Shields, Esq.

Sir Vandeleur M. Grayburn,

Chist Manager.

Branches:--

Min. Resources

16lb

.164 16

154

16.

Amoy

Iloilo

Peiping

$117)

Bangkok

Ipoh

Репара

$2:0

Northern Mining

+252 +

味

Batavis

Jobore

Bangoon

50 a =

Paracale Gumaus

25

23

201

24

Bombay

Kobe

Saigon

132

San Mauricio

1.00"

DS

$7 97

1.00

Calcutta

Kowloon

San Fran-

3168 Shangnai Dooku 9.

$108

#3)

New Engineerings S

13

Sayoc Consol

Carton

Kuzia

disco

23

921

24

Chefoo

Lands, Hotels” and

United Paracales

63 61

62

80+ 60

83

Colombo

London

Singapore

Dairen Lyons

Sourabaya

Bui dings

16.90 £351

H.K, Hotela

$8.63

Market Comment.

E

Q Q

-E

$

S

S

S

H.K Lands................Ď. Do. 4% Dobentures Shanghai Lands.....8.

Metropolitan Landa..

135

Haiphong Manila

Patani

$109

Pr8.10

H.K. Healties.nsar

$6.90

31

China D ......

-360

Do. Debenturess.

39

190

Humphreys

Chines Estates.....

Cotton Mill

$16 Eus

'ha Cottons(vld)S.

Do

19

$115

$34

Zoong Sings

i

1811

Wing On Textiles(8.)

Ewo Cotton Rta. S.

Public Utilitiam

$14.90 Tramways.

o d

35

Ponk Trams (old) .....]

35

32+

+387

187

Star Ferries

......$96

$17

་༔

50 cta.

LIV

::

:i

*

pren.

***

pro

++

Do. (ww)... #21

Yatimati Ferries

$13.90 China Lights (old)...

313.70)

180

$141

Da (now)...

H.K. Electrics ................ Macso do.

***

Sandakan Ligists ---| $28.60 Telephones (old)

11,60 Do. (new) $1 Chins Bases S

A

Tractions an 2.Do.-(prof.) særei

Industrials

316 Caldbook, ord.) 2. Macgregors(preI.)8.

317

12

Canton Ices....

$15.10 Cements

16.05

Hopen

Miscellaneous

"

*!:44

$15,45 $120

$70 321

NEW HONG KONG COMPANY

Comprehensive Prospectus

These are fully dealt with and we take the following from the section headed "Reports";

We have received a copy of the first prospectus of the China De- velopment Co., Ltd., a recently $14.80 formed company with tts bead In February; 1937. Mr. Donald D. office in Hong Kong. From a Smythe, Geologist, was sent from perusal of the document, we think Manila by Mr. Fairchild to make the the new concern, with its various a physical examination generally, projects, its financial standing to investigate and report on

197 #13

$591

441

28/

$15

$5.20

38,80 $8.80

1981

Dairy Farms

$261

15.20

Ch. Etainments..

$4.80

$1.60

Constractions, (old)] #7

Do, (now) 45 cta

30.08

Lane Crawforda......

Nanyang Tobacco..

$2.50

Biazores our inne

$5,40

$15.90

KAL

97

$1 00%

84%

$50

Watsons...DEKAMATI YA

8. C. Enterprises...

Ch.G.6219258. Bdr.

HE Gorb. 4% Loss 31084

Do.

$1014

Wallace Harper dia!

Do

EK Wing Oa

8'ba

Vibro Piling *****

29 Marsmans Izv. (Lon,))

(ILK)

Win. Powells 40 otai

*Bales to Shanghai:

LONDON EXCHANGE RATES

Paris

Genava

Berlin

Milan Arse

Athens......

Copenhagen

Stockholm Shanghai New York Amsterdam

Vienna

Prague

(British Wirelem Service)

July 28 132 .63/64 211 12.37

July 29 132-53/64 21.674 12.362

94-9/18:

4.97-13/16

9.013

4.973 9.021

1421

Madrid

Tisbon

Hong Kong

Bombay

Montreal

4.971

29.57

Brussels

Yokohama

Belgrade"...

Monte Video

Flo

Bucharest Finis

Silver (Forward)

Bilver (Spot)

War Loan

ខង

1/2-21/32

4.871 29.561

THE EXCHANGE MARKET

Ir

MESSRS. ROZA BROS.

IL

Silver prices rose 1/16 yesterday for both deliveries, the quotations being 20 1/18 for Ready and For- ward. Silver advices reported India as having bought. Offerings were small The market closed steady. After the official fixing there were buyers at the fixed rate

but no sellers American Silver was unchanged at 44/34 for Spot.

The London-New York cross-

rate was quoted at 497.75, New York-London was quoted at 487.- 18/16.

MARKET

Opened firm but towards lunch time eased off slightly. The un- dertone, however, apepared steady.

market

113.30 and experienced promoters and said gold mining claims, and to In technicians, should meet with the prepare them for operation. approval of the Hong Kong invest-due course, Mr. Smythe made a comprehensive report dated 1st 129.40 trig public,

The aims and interests of the April, 1937. and for the reasons set. $11.30

company are defined and explain-forth therein recommended that

"IN STERLING ed in the prospectus where under the property be acquired. Mr. Smythe states that he made a

Opened with seller at 1/2:23/32 "Objects," it states:-

but business was soon arranged at "The primary object of this first surface examination of all company is to turn to account the the claims concerned and found a

number of reefs all of which had 1/2 3/4 for Spot followed by possibilities of commercial ven- tures that the changing political been prospected or developed to a transactions at 1/2 25/33 for near circumstances at the Orient are more or less extent and could and forward and 1/2 13/16 for

As he found that cash. Subsequently the bringing about These possibilties show values. can be grasped not merely by more work had been done on one appeared a shade caster and offers having the available capital, but by known as the "Tabal Reef," he at 1/2 25/32 were again. accepted the proper application of such concentrated his efforts on a for near and forward. The mar- capital The promoters of this thorough eramination of these ket closed at 1 pm. with sellers at company have studied, and are workinga, the results of which 11/2 3/4 July-December, buyers at

U.S. DOLLARS 24 still studying, several possibiles would indicate the value of the 1/2 13/18 for any delivery.

Opened with sellers at 30 9/16 for the company other than those property as a whole. The informa- that are described in this prosper- tion gathered from his examination tus. The promoters lay great em- phasis on the technical calibre of the men to whom this work is confided, as the success of any venture can be assured only by acquiring a knowledge and under- standing of every technical paint as well as the commercial, political and distributing factors that have any bearing on a ventury... It is

The figures taken from the re- felt that by providing not only an ample and proficient stay of tech-port appear to be very concinaive. nicians generally, but in having suitable technical and commercial connections in the largest centres

We consider the prospectus one of the world, this company will be

or the most explanatory of Its In an enviable position, to take under consideration, and possibly kind that we have seen and ⠀ we advise our readers, who are in- develop, any venture in manufac- turing, merchandising, mining, re-terested. to apply for a copy at Aning, or trading that may be the odces of the company in brought to its attention or that Stock Exchange Building.

565 $100 $4,90

20

20

20-1/18 20-1/17

30 100-1/16

31% 100-3/16

Closing Quotations

July 20, 1937.

LONDON: Telegraphic Transfer... 11/2 Bank Billy on demand91/32 Credits, four months"

"right

1/2 27/32

On New York:-

Bank Bills, on demand 301 Credita, 60 days' sight. 31

ON BATATIA:

On demand:

ON PAKIN, da moja

£412 18

Bank Bills, on demand 810 MCredits, 4 month's sight 881

O BAIGON

On demand

OF MANILA

801

It may of its own accord discover or bring into being. Having pro- ylded the contacts and technical sta referred to the organizers of this company have come to Hong Kong as the most central and logical point in the Orient from which to conduct operations.

of the Fabal Reef alone caused with business done at that rate him to recommend that the pro- for October and November follow- perty as a whole, including all ed by transactions at 30 5/8 other reefs which he had been August-September,. 30 11/16 cash In such detail, and 30 3/4 cash. The market unable to study should be botht and a 60-ton closed at 1 pm, with sellers at 30 mill installed immediately on the 5/8 July-August and 30 9/16 Sep- Fabal Reef while the work of tember-October, buyers at 30 3/4 and developing the for cash, 30 11/16 August and 30

5/8 September-October.. examining reefs was carried on.

showing a net profit from "post- tive" ore reserves of £558.140.00 and from "probable" of $1,807,455.00.

MASA HUD A.

K STOCK EXCHANGE

YESTERDAY'S "OFFICIAL QUOTATIONS

SHANGHAI DOLLARS Nominal at 103, 7/8.

Lumpar Shanghai -

Foochow Malacon Sungei

Hamburg Muar Tientsin Hankow (Johore) Tokyo,

Tsingtao

Harbin Mukden Hongkow New York Yokohama

Current

Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Local Currency sad Sterling on terms which will be quoted on application

Also up to date Safe Deposit Boxes in various sites To Let

Hong Kong, 19th May, 1937)

BONG KONG SAVINGS BANK

THE Basiness of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION; Rules may be obtained on application.

For the Hong KONG & SHANGHAI

BANKING COLORATION.

V. M. GRAYBURN

Chief Manager.

Hong Kong, at March, 1997.

BANK OF EAST ASIA, LIMITED.

5,598,600.00

Authorised Capital $10,000,000.00 Paid-up Capital

Profite .............$,770,796,76 Reserve and Undivided

HEAD OFFICE: HONG KONG No. 10, Des Voeux Boad, Central.

"Board of Directors:

Bir 'Shouson Chow, Chairman

Li Koon Chun, Esq. Là Lan Sang, Esq. P. K. Kwok, raq. Wong Chuson, Leg

FungPingWab, Wong Yun Tong, Esq. Kan Ting Fo, Esq. Chan Ching Shek,

TOKOMAMA

(Peking) sammAN GIA PENANG

HONG CÙNG BẠN0001.

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOArts received for Ons Year or

shorter 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: at

R.. W. ROBERTS, any of the Agencies and Branches

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18 Pins STREET,

**NEW YORK."

An American Beak offering com

plate Foreign Banking Service in the principal Markets of the world

Interest Rates on Appliossion:

SAFE DEPOSIT BOXES This Bank in entirely owned by THE CHARY NATIOTAL BANK, NEW YORK, with Resources over U.. $3,500,000,000,

D. M. BIGGAR

Managar.

| THE, YOKOHAMA SPECIEL

LIMITED

Capital (fully paid up)"

Reserve 'Fund

MA

Yan 100,000,000 0 Yen 132,659,000.00

HRAD OFFICE:--YOKOHAMA

BRANCHES AND AGENCIES AT

Batavia Karachi Janting Alexandris Honolulu Rangoon

Berlin

San A Bangkok Hainking Riddo

Kobe

Frandiago Bombay Olcutta

Esq

Canton Dairen

Kan Tong Po, Bay, Chief Manager. LA Tse Fong, Esq., Manager.

Amay ESTAVIN Bombs Calcutta

Branches and Agencies z-i

Bakbang.

SHANGHAI MARKET Sellers of Sterling were quoted for Spot at 1/2-1/4 buyers at 12/ 17/64 UB. Dollars, sellers at 29 du 17/32 for Spot, bayers at 29 9/18. Kabe

IN THE AFTERNOON

The market was steadler in the afternoon.

MAIN STEXYLING ME

A small business was reported at 1/2 25/32 for October, finishing with sellers at 1/2 25/32 for near and forward, buyers at 1/2 13/16 any delivery.

1.3. DOLLARS

The market closed with sellers at, 30-5/8 July-September, and 30 9/18 October-November, buyers at 30 3/4 for cash, 30/11/16. August- October and 30 5/8 November.

SHANGHAI DOLLARS NominalSellers at 105 7/8, bayers at 104. for Spot. Business The course of events in the was reported at 100 for October North failing to develop as hoped, delivery. the market early in the week un-

Kowloon Panang:

LoadedBangoon

London Los Angeles Seattle

Manila Semarang

Moji

--(Dalny) Nagasaki. Singapore

Fengtian

Nagoya

Makden) New York Sydney

·· Shanghai.

Sorrabaya

Botirabay's

Bydney

Hamburg Osaka

Tientsin

Melbourne en Fran-

Talhoku

Hankow Otaru »

Tokyo

Heatin

Semarang. Varovaver

Hong KongPeiping

Tinkow

Santa Takahas Bingapore.

Beigza

New York Beazzie"; Tokyoko Chenics Furla

Palphy

Harbin Paris Tsingtao

Interes allowed on Current Ae-

Fired

Every description of Banking Deposits received and Exchange business transacted. Periods rates to be obtained on Loans granted on approved application,

securities.

YKANO,

Manager.

Accousta opened in Current Local Currency and "Fized De Hong Kong, 10th March, 1937,

year or posits received for one shorter periods in Local and Foreign Currencies on terms which will be quoted on application.. Safe Deposit Boxes To Let

KAN, TONG PO,

Chief Manager.

COST OF AIR RAID PRECAUTION

"In addition, other ventures are now being studied. Any statement at this time concerning the details of these would be premature. It will be of interest to possible sub- scribers to the company to know that one of these is the production of vegetable oils by a process that makes possible a product equal to der review, elapsed Into 'quietness, moks, has been maintained on a Home Secretary to the difference refined all, at production costs not higher than those now prevailing and listings continued almost en- small scale,

for the production of crude oils.

tirely nominal

Buyers at lower rates than no- Another is the processing of minal listing have, however, con- Chinese orea as that exporters may have a refined metal to offer inued in evidence throughout clients, thereby retaining pronts at and their enquiries seem a little the source of supply Technical Keener at the close of to-day's assistance to minets, dealers, mel-market.e

ters, etc., requiring no capital in vestment of any size in certain mining and manufacturing areas of Southern China, hold promise of excellent returns."

China issues in London failed to maintain their reaction entirely. with the exception of Blinks, which have held their quotation on of £112 for several days. Buyers The purpose of the initial pros-locally paid up to $1925. pectus, however ty to obtain the In Manila: the market developed necessary funds to acquire and further weakness and closes but develop a group of 190 gold mining ittle better than the 30 Tocation

the Colony of Kenya, Africa.

Local inferent however, and not

BUSINESS: DONE DURING

BAS THE WEEK HK Bank, $1930. Canton Ins., $300,

Union

$825

Insurance, $825 $815,

Wharves $117, $118, Docks, $321, 32.85. Hotels, $0.90. Tramways, $14.90′′ Star Ferries, 187.75 Y. Ferries, $27, B Electrics $80,

Telephones (Old),329,60)

Datty Farms" $263.

London, July 29, Reference was made by the

|

REICHSMARKS

QUOTATIONS

Berlin, July 29,

Reichsmarks quotations, without guarantee. were*——

New York

Paris

40 255

1074.22

Amsterdam 72.00 to 12.95 London

$12.17 Paris (sterling) 132.88 to 182.92 Parts (dollar) 28.7125 to 20.72

which has arise between the Transocean News Service. local authorities and the Central Government regarding the appor

tionment of the cost of air rald be possible to a reach satisfactory precautions when he informed the agreement as to the allocation of House of Commons to-day that exp

legislation would be required to whatever

Anancia strange

applie

place government expenditure on ments were ultimately decided air raid precautions on a proper would statutory basis, and remove the

doubt as to powers of the local templated authorities,

The Bill for the purpose was be-

ing drafted. When it had reached amore advanced stage

tunity for unity wor

Govt 3% Loan 2% Prem 11% for representatives

Marsmans (HK), 7/94,

thorities to conf

erament and he hope

Lbe Jan