1937-08-11 — Page 12

Sharebrokers'

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

TUESDAY. AUGUST 10,

Association

Exposa Jollars.

Lanka

$1,885 d

H.K. Baks

I a

ent

214

£33

£16

$101

Bo. (London) ... Charbored Banks...

Mercantile Bis. “A

Do.

M

Bank of East Asia...

N. O. & S. Barka ...

Insurances

Caton Insara noon..

1810 Union InsuranOOR PA

Underwriters

EK. FiresAJARAN

1200

Dy

Bailere

#19

400141 1⠀⠀⠀

ad 01,910

£14

£15

HONG KONG DAILY PRESS, WEDNESDAY, AUGUST 11, 1937.

H. K. STOCK EXCHANGE

AND

H. K. SHAREBROKERS' ASSOCIATION

น

Philippine Gold Mining Quotations

Benguet Explor

Consol Mines

B.

10th August, 1837

1.

Time Received clos

9th Aug.

Closing 9.54 8.54 10.24 1134

Ratow

clos.

2.40 303 3.42

78

RU 23.1

! ! ! ! ! ! ! 19

$99

$297

Antamoks...

78

78

78

$800

Atoki

23

$$

99)

}

12

1980

19 $980

Baguio Gold

· 20 · 10)

20

13

International Asson, J.

Benguet Consol

*** 10.85

10.00 10.25

Shipping

Douglase

$481

... 7 bid,

#

$0

Steach s

181

Big Wedge

ww

161 164 17

sai

indo-China (pref.)

$51

Coco Grove ...

$3

53 "55

343

Do. (dol.)

343

.023

,09% .023

113/9

Shella

113/0

$0.30

Waterhosts

$9.30

Demonstrations

51 40 51

48 48

Mining

E. Mindanao

18

18

10

*སཝཱ

20/9

20/6

G. Guldäelds

181

18.

13

12)

#11

$11.45

$5

Venezuela Gold Flds.

***

80+

Itogons

65

81

62 63

I. X. LA

67

60 67

Docks, Wharves,

Masbates

18!

18 19

18

9118

Min, Resources

19 18 19

$2.20

Northern Mining

B

B

150 o

Paracale Gumaus

33

32 33

432+

$100

San Mauricio

1.05

1.00 1.05 1.00

$3

Suyoo Consol

271

264 27

26

United Paracales ...

71

69

70

$6.65

Market Comment,

$

હુ

QEsier

S

Esier

E S'dier

$35

$102

$5.90

!!!!

$1194 $21

Eu cu.

$31

$39.8

Kailan......

Kaubssten

Godowns, etc.

H.K. & E Wharves.

Providents (ald)... $2.10

Do (new)

.K. & W. Dock

$168 Shangasi Docks S.

$100

11

va.10

New Engineerings 8. Leads, "Hotels, and

Bul dings

H.K. Hotela

HK Landa.....D. Do. 4% Debentures Shanghai Lands...S. Metropolitan Lands..

H.S. Realties....... China Domindi Do. DebenturesS. Humphreys '...................... Chinese EstatVO.......

Cotton Mills

$5.90

1361

•$7

⠀⠀⠀!!!

D

$9

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

Silver prices were unchanged yesterday, the "quotations being 20 for both Ready and Forward. The Silver market

featureless. was American Buver was quoted it 44 1141 3/4 for Spot.

$60

รับ

114)

Ewos

$100

S'ha Cottons(old)3.

314 $115

Da

(new).

134

Zooog Sings

S

180

Wing On Textiles(S.)

Ewo Cotton Ets. S.

$78 $1.00

-

Public Utilities

32

Foak Trams (old)..... 15.

Do.

(now)...

$851

x d

Star Ferries,******

186

$17

$97

$13 3/4. $12.30 $50!

i

::

$1460 Tramways **********

Do.

Yaumati Ferries

$13.00 China Lighta (old).

$13.70

(now)

$80 H.K. Electrics .....

318) Macao do.

Saudukan Lights ...

129.60 Telephonos (old)...

$11.60

Do.

(new)

$12

China Buses an 8.!

24/4

$17

*9

Tractions runner

03/ Do. (pref.)

Industrial

$16 Caldbook, ord.) 8. Macgregora (praf.)9.

Canton Icos

$15.10 Comenta

$5,00

Roper

Miscellaneous

126) Dairy Fartua ... ..

1 :

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital

$50,000,000

Issued & Fully Paid-Up $20,000,000 Reserve Funds:--

Sterling

Hong Kong Currency

Reserve

Reserve Liability of

Proprietors

£6,500,000!

AUSTRALIA" AND CHINA. Incorporated by Beyal Charter 1833

HEAD OFFICE: LONDON: 38, Bishopsgate EC.2

$10,000,000 || Pald-up Capital..

Reserve Fund

$20,000,000 |: Reserve Liability of Pros

Head Office:-HONG KONG

Board of Directora. G. Miskin, Esq.,

Hon. Mr. M. T. Johnson,

Chairman.

Deputy Chairmun. J. K. Bousfield, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq.,

J. B. Masson, Eq

K. 8. Morrison, Esq.,

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq...

A L. Shields, Esq.,

Sir Vendeleur M. Graybarn,

Chief Manager.

Amoy

Branches:---- Iloilo Peiping Ipoh

Penang Rangoon Saigon Kowloon San Fran-

cisco Kuala

Bangkok Batavia Bombay Oslontés Canton

Johore

Kobe

Chefoo

Colombo

Dairen

Foochow

Haiphong Manila

London

Lumpur Shanghai

Singapore

Lyons Sourabaya Malacon Sungei

Hamburg Huar Aqakow

Patani- Tientsia

(Jabare) Tokyo

SYNTHETIC SILK | ITALIAN COTTON Harbin Mukdeu Tsingtao

G

There is nothing exciting in the term "synthetic silk," because the public is quite familar with the product and has been using it for quite a number of years in place of genuine silk. But to produce synthetic silk from milk is some thing new, and has, therefore, claimed the attention of scientists. It is Mr. Benjamin. Roos, the forty-one-year-old German chemist

The London-New York cross- who has discovered this secret

Slated For World Market In 1947

Italy anticipates that within the next 10 years she will not only pro- duce cotton in sufficient quantity to meet fully her internal require- ments, but that her own cotton will be an world markets in competi- tion with the other cotton-produc-

Science Monitor."

Hongkew

New York Yokohama

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

prietors...

$43,099.000 £3.600.000

£3.000.000

MANCHESTER BRANCH:. 71,, Mosley Street, Manchester.

AGENCIES AND BRANCHES:

ALOE STAM ILOLLO

POR AMBITEAR

BANGKOK KARACHI

BAIGON SEMARANG.

BEREMBAN

BATAVIA BOMBAY CALCUTTA CANTON CAWNPORE

KLANG KOBE XUALA

BEANGHAI

SINGAPOR

BITIAWAN

LUMPUR

BOURABAYA

KVORING

TAIPING

MAD BAR

COLOMBO DILE!

MANILA

TONGKAT

KAIPHONG BAMBURO

MEDAN NEW YORK

HANKOW

·HARBIN

PHIPINO

(Bhuket)

THINGTAO

TOKOHAMA

(Peking) summBCAAH GĄ, A

FENANG

HÙNG TÔNG BANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACcourts opened and FIXED DEPOSITS received for. One rator Year or aborter periods at which will be quoted on" applica

tion.

The Bank's Head Office in Lon don undertakes Executor & Trustas business, and claims recovery of British Income Tax overpaid, on terms which may be ascertained; at any of the Agencies and Branche

RW ROBERTS,

Manager.

THE CHASE BANK

Also up to date Safe Deposit 18, QUEEN'S ROAD CENTRAL Boxes in various sizes To Let

HEAD OFFICE:

18, PINE STREET, --

NEW, YORK.

Hong Kong, 19th May, 1937. HONG KONG SAVINGS BANK

ነ

rate was quoted at 498.92 New after ten years of research. He is ing countries, states the "Christian THE Business of the shore An American Bank offering com

York-London was lower at 498 now working in his London labors-

"

MARKET

Opened steady but later firmed up slightly owing to some specula- 529.40 tive selling. The Inter-Bank mar- $11.30 ket, however, was neglected.

$4/-

"

# $18

$6.20

$281

75.20

Ch. Etainmoata...... $4.50

$1.60

Constructions, (old)]

50 cta

10.05

Lane Crawfords......

Do." (new) 50 cta.

$8.60

Nanyang Tobacco...

$6,80

12.60

Sinceres

€5.40

Watsons*****

3. C. Enterprises s..

97

121 $5.35

96%

.་་་

prem. 81%

24%

$60

HX Wing Ou

B'hai Do

વા

Vibro Piling

Paris

CLG. 571925 G. Bda

H.B. Govt, 4% Comos $106)

Do.

Wallace Harper

"

7,8

***

Wm. Powelle

ELK)

1101

$100

$1.90

23. Maramans Liv. (Lon.)

| 10 ota.|| *Sales to Shanghai

LONDON EXCHANGE RATES

Geneva

Berlin

Athens

Milan

Copenhagen

Stockholm Shanghai New York Amsterdam

Vienna Prague

(British ́ Wireless Service)

Aug. 7

132-55/64

12.391

Aug. 9 132-13/16 21.72 12.39

94-11/16

942..

21.704

4.98-11/16 9.041

4.98-15/16 9.043

143

143

Madrid

Hong Kong

Bombay

Montresi

Brussels

4.08% 29.611

Yokohama

1/2

Belgrade

Monte Video

RIO

Bucharest

Silver (Forward) Bliver (Spot)

War Loan

DA LONDON:

Closing Quotations

August 10, 1937.

Telegraphic Transfer).

Birk Bills; on demand}}

Oredita four months

right

Or SmamqEÁT :--

On Demand

Our New YoK:—

.1/2-13/15

4.98-15/16 29.63

20 31% 1001

Bank Billa, on demand 30°/ė Credita, 40 days sight, 21 1/10 ON BALITEKST

* On-demand

Bank Bills, on (demand 816"

* Credita, 4 month's night 600,

On Raxo

OX PAKIN:-

1/2

100%

On demand

&# 6/16

OF MANILA?-

On demand

On demand:

Dadabad

"OF BINGROE

IN STERLING

Opened with sellers at 1/2 13/18 for near and forward but later 1/2 27/32 could have been obtained for August, buyers at 1/2 7/8 for any delivery.

tory trying to make further im- provements on his discovery. It is reported that he has sent a sample of real silk together with a sample of his own make to government analysts in Berlin, and the result Is that the analysts are unable to one from the distinguish the other.

Synthetic silk, hitherto manufac- tured, has not given full satisfac- tion

to consumers because the quality so far attained has not U.S. DOLLARS Nothing doing. There were sel- proved equal to real silk in beauty lers at 30 7/8 Cash. 30 13/16 of colour, strength, softness, and September-October and 39 3/4 elasticity. Now Mr. Roos professes November buyers 30 15/16 that he has succeeded in obtaining Cash-September, 30 7/8 October such essentials and that in ad- and probably 30 13/16 November,dition he has made "unshrink- ability" a necessary ingredient in his new product.

at

SHANGHAI DOLLARS Business was done at 104 3/8 for Spot. There were sellers at 104 3/8, buyers at 104 1/2 for Spot

SHANGHAI MARKET

The market was steady for near and forward. There were sellers of Sterling for Spot at 1/3 1/4, buyers at 1/2.17/64 for cash. US. Dollars, sellers at 29 9/18, buyers.) at 29:19/32 for Spot.

IN THE AFTERNOON The market was extremely dull in the afternoon and no business was reported.

"

STERLING The market closed with sellers at 1/2 27/32 for near and forward, buyers at 1/2 7/8 for any delivery

US: DOLLARS

1:

EMPLOYMENT IN BRITAIN

London, Aug. 9. The Ministry of Labour estimates at July 26, the number of that insured persons in employment in Great Britain, exclusive of per-

Italian independence from the world cotton markets is expected to be achieved by 1943, where Pre- mier Mussolini's six-year valoriza. tion plan for his African "Empire will have been carried out. Accord- the Istituto Cotoniero ing to

toward Italiano, the first step realizing this ambitious project will take place in July when seed calculated to produce a crop of 50,000 bales will be planted in Italy's East African Empire.

BEST SEED REQUIRED

Bank is conducted by the BONG 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 ...... 5,508,800 00

Reserve and Undivided

Profits

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 CHLAE NATIONAL BANT, Niw YORK, with Resources over US $2,500,000,000

D. M. BIGGAR,

Manager.

THE YOKOHAMA· SPECIE BANK

LIMITED

2,776,726.76 Capital (fully paid up)

Yen 100,000,000 DO Reserve Fund ... Yen 139,680,000.00

HEAD OFFICE-HONG KONG No. 10, Des Voeux Road, Central,

ca of Directors:-

Sir Shonson Chow, ChairmaŽ

The two, colonies which Italy possessed in East Africa prior to the Ethiopia, namely conquest of Eritrea and Somaliland, have never produced more than 10 000 bales.

best It is stated that only the Egyptian Sakellaridis seed will be used in order to obtain a superior grade of cotton. Measures have a Kuon Chun, Esq. Li Lan sang, Esq. P. K. Kwok, q. WongChuSon, Esq. been taken to ensure that the Wong YunTong,caq. Kan Ying Fu, Esq. plantings shall be rigorously super-Chan Chang Shek, ung Ping Wah, vised by government experts to maintain the standard of crops raised and to prevent inferior seed from atering into the growths.

Italy will closely follow the 'sys- tem adopted in Egypt and the f spection will be carried on also at the ginning mills. In this agricultural the within scheme, was approximately 11,517,-Italy hopes to prevent what has 000 or 511,000 more than a year occurred in other countries where the quality of the cotton has been ago...

sons

Esq.

HEAD OFFICE-YOKOHAMA

4

BRANCERS AND AGENCIES ATT

Alexandria Honolulu Kangous Bangkok Hsinking Rio do Batavia Berlin Esq.

Kan Tong Po, disq., Chiol Manager. La Tse Fong, Esq., Manager.,

Branches and Agencier :--|

Kowloon Frans

New York Sanctim Tokyo

Bombay Calcutta

Karachi Kobe

London

.... San

aneiro

Los Angeles Seattle

Canton

7. Manila

Daires Moji

(Delay) Nagasaki

Francisco

Semarang

Singapore

Shanghai

Fangtian Nagoya " Socrabsp

(Mukden) New York Bydney

Hamburg Osaka

Amr

WBY

Batavia Bocubay

Landau

Bow

Manila

Balcon

Mydaay

Melbourne, Bad Fran.

Taiseks

Tientsin

Hankow Otari Tokyo

Haiphong Hacke Honolul

Chica Besparang! PACH

VEROORTHY

Harbin Paris

Tsingtao

Yokohama

Hong KongPeiping

Kinkow

Robe

Peiping Singapore

Interest allowed on Current As counts.

Every description of Banking

Deposite received for Fixed

and Exchange business transacted: Perioda at rates to be obtained os IN WORLD MARKET Each year the cotton-growing Loans granted

-until area in the Ethiopian Empire is touriționate be progressively extended

Current Accounta

At the same date the num-lowered by slipshod methods of

mixing seeds. of registered unemployed ter was 1,379,459 comprising 1,069,180 wholly unemployed 248,815 tem- The market closed with sellers porarily laid off and 63,664 nor at 30 7/8 August, 30 13/16.Beptem-mally in casual employment..

The total which included 1,074 ber, October and 30 3/4 November. buyers at 30 15/10 Cash-September 474 men, 40,392 boys, 211,400 wo- and 30 7/8 October-November. men and 43,193 girls was 22,881 more than at June 21, but 272,613 than a year ago. The in- crease or the June total is almost the same as the Agure of 22,042 juveniles registered for the art time on leaving school at the end of the summer term.

SHANGHAI DOLLARS Sellers at 104 3/8. buyers at 104 less

1,2

D. K. STOCK EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

The "market was steady, but qutetar.

The Manila market was slightly easier.

BUYERS

HK. Bank, $1865 X.Div. Douglases, 5484. Union Waterboats, $9.30. Chinese Estates, 390. Peak Tram (Old), $5. Peak Trams (New), #2}, Star Ferries, #85 X,Div. Wm. Powell, Ltd., 40 eta.we

Joris (New), 60 (s.

to

There was a reduction, contrary

̈on

approved application, opened in

par:

YKANO,

M Manager.

QUOTATIONS

broduction reaches the half mil- Local Currency and Fixed De Hong Kong, 10th March, 1987. lion bales required yearly for posita received for one year or Italy's internal consumption. By shorter periods in Local

enter the Foreign Durrencies on terms which REICHSMARKS 1943 Italy, hopes to

competitive will be quoted on application. world markets as a

Safe Deposit Boxes To Let cotton-producing country.

KAN TONG PO,

Chis? Manager. Italian spinners, and eventually also the Italian consumer,will benefit greatly by this attempt to make Italy independent of foreira

cotton. The colonial grown cot- the seasional tend, in unem ton will be paid for in fire in- ployment in the coal mining instead of the foreign currency on dustry. An analysis shows that which spinners to-day frequently 575,000 or 46 per cent of the total pay a premium of 30 per cent. registered unemployed had been without work for less than six weeks, British Wirden.

FISCAL

INDEPENDENCE

Jerusalem, Aug. B.

Moreover, as the Ethiopian cot- ton will be considered an Italian merchandise there will be no duty to pay. so that the ultimate cost o the aplahed product wit be considerably lowered. Hitherto, the cotton produced in Eritrea and Somaliland has been import ed into this country on the same hoped that this anomaly will be corrected in the near future.

PALACE OF ARTS

For Great Empire Exhibition

London, Aug. 9. Major A. A. Longden, formerly Arf Adviser to the Department of Oversees Trade, win, was- respon- sible for organising the exhibitions

Berlin, Aug. Di The Reichsmark was quoted," without guaranter, at:,

New York, 40.225. Paris, 1071

Amsterdam, 72.94 to 72.97: London, 12.4025.

Paris Sterling, 132,82 to 14487. US dollars, 25.6178 to 58.82215 Transocean New Service

BATTLESHIP TO BE LAUNCHED

Rome, Auf, S The second great battleship the

butch, Italian, Persian and Latteria," will be launched in at Burlington House, Genoa on Sunday, August 23. down appointed to direct the The few vessel will be of the

19

Negotiations between Syria and terms as foreign cotton, and it Rotation or the Palace of Arts same alze, namely 35,000 tons as}

Betanom have been in progress for some time past with the object of finding some practical working method of regulating their com-

which will DE "the" great Empire Ex

Glasgow next of Arts

mon fiscal interests. To-day, how effected in the course of the com-ision c Brez, it was shown that, it was ing year. The negotiations could apparently impossible to reach come to no result because of the any agreement A both states treaty with France which each has indepenwently signed. sow completely independent; state

arance has heir fiscal mat according

of the Estership Vittario ition at which was launched at Trieste in

the end

BOYKER