1937-09-13 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

$1,870

213) £33) £18

HONG KONG DAILY PRESS, MONDAY, SEPTEMBER 13, 1937.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS

Saturday, Sept. 11. Silver prices rose 1/18 yesterday for both deliveries, the quotations being 19 15/16 for Ready' and Fer- ward. Silver, advices, reported India and speculators as having bought The market was steady. American Silver was quoted at 117 for Spot."

Sharebrokers*

Association

Syne

}}Gallery Balon Nassical

SATURDAY.

SEPT.

dallare

FAJA

Domina

11.

H

Banks

$1,660 H.K. Banks

£97

Do.. (London)

EIBA

Chartered Banks...

£33

Mercantile Bk. “A”

£16

Do,

"O"

101

Bank of East Asia...

199

N. U. & S. Banks....

Insurances

1200

Canton Insara/1298..

$297

$810

Union Insurandes ...

1300

12

Underwriters

12

HL.K. Fires

$250

International Asses. S,

--

11/16.

Shipping

Douglases....

The London/New York cross. rate was quoted at 494.60. New York London was quoted at 494.-

MARKET

$481

384

Steambts

58+

151

Indo-Chinas (prof.)

143

100/3

Do. Shella

(doi.)

542

B.......

165/7

19.30

Waterbosta

19.30

Mining..

15/-

Kailans

$11

Raubsr

Venezuela Gold Fids. #4.30

15,6 $11.45

Docks, Wharves,

***

5290

13

$120 121

$1024

fo ct..

Godowns, etc.

H.K. & K. Wharvoa. Providents (old)...

Do (new)

| 1999 | H.K. & W. Docks

331

$6,510

Shangani Ducka S. New Engineerings 8. Lands, Hotels, and Boi dings

H.K. Hotels

104H.K Lands.........S. D. Dobentures

Macao" do.

!!!!

rי

$110

$2.20

50 ota.

$32 $106 13

Extremely dull. Steady.

STERLING

There were sellers at 1/3 Sep- tember and 1/2 31/32 October. December, buyera at 173 1/32 Cash October and 1/3 November! December. No business was re- ported

U.S. DOLLARS · There were sellers at 30 15/10 September, 307 October and 30 13/18 November/December, buyers at 31 Cash,30 15/16 October and 307 November/December.

SHANGHAI DOLLARS Nominal at 103).

SHANGHAI MARKET,

Early advices indicated sellers at 1/2 15/32 for Spol, buyers at | 1:21. Later the market, was in- dicated as being easier with sellers at 1/2 15/32, buyers at 1/2 31/64 for Spot. US. Dollars, there were sellers early in the morning at 29

27/32, buyers at 29 29/32, Later

advices indicated sellers only n 29 13/16, buyers at 297 for cash.

STOCK

EXCHANGE

SATURDAY'S OFFICIAL

QUOTATIONS

30.35 135

$101

111 | Shanghai Lub......S.

#:

Metropolitan Lauta..

H.K. telt

$6.90

Chika Do..

Do., Debentarves.

$

Humphreys ******

Chinos Estate......

Cotton Mill

$13,50 Ewos

314

SIN

S'ha: Cottons(uld)S.

$90

(now,

iH

Zong Sings...

$34

IN

Wing On Textiles(15.})

1415

Ewe Colton Rts. S.

H. K

Pabile Utili

$146 Tramways

$14

15

Penk Pratus (vld) ... $5

33.

Du. (Lew... 32g

Stri

Star Forries *******

280

$27.

Yaumati Ferries

127

$13.00 China Lights (uld)...

F13)

$13.70)

Do.

(new)...

8:3.30

$49

H.K. Electrics...

100,

SH

$24

Saudaran Lights

Tolophonos (old)....

$22.40

$1.00

8 1.3

$124

perceptit

· weaker.

China Bus

23.1

Tractions ........................

347.

21.

Do. (prof.).....

Tuustrials

.817

Callback. LoM, N,

39

Macgregors prefs.

Canton Lees

看看

$15.10

Peak Trams (Old), $5.

15.08

Corneal ..

16

Rupus

6.2

Miscellaneous

1203

Dairy Farme...

15.20

Ch. E'tainment.......

$261

$1.80 $1.00

Constructions, (old) $1.60

$4.80

Ds.

+AbW;

$1

Lane Crawfords.......

$3,50

$2.60

Sincatos

$8.60

$6:40

Watrons

$92

S. C. Enterprises

$5.35

SALES

97

Ch.G. 5210250.

pres

H.K.4% L

Gy

S'pore Tractions. 23/A

$108

prez.

Do..

317

點

31014

16

}

48

40 c

Do (now)...

Nanyang Tobacco...

Wallace Harper

tt.K Wing On

S'hai

Do

Vibro Piling...................

226 Marécanna ft v. (Lon.

Win. Powella

*Sales to Shanghai

LONDON EXCHANGE

British Wireless Service)

Paris

Сепета

Berlin

Athens

Milan

Copenhagen

Stockholm

Shanghal New York

Amsterdam

Vienna

Prague

Madrid

Lisbon

Hong Kong

Bombay

Montreal

Brussels

Yokohama

Belgrade

Monte Video

Rio....

Bucharest Suver (Forward) Silver (Spot) ... War Loan

Do London :-

(H.K.)

RATES

Sept. 10

136

21.54

12.33

94

Sept. 11. 138-57/84 21.53 12.321

4.94-13/16 8.981

1424

4.94-9/10 8.09)

1418

4.94-13/16 29.30

4.94-9/18 29.361

191

19-15/16 34% 109-3/16

Closing, Quotations

September 11, 1937.

Telegraphio Transfer...

Bank Billa, on demand 1:2

Oredits. four months

night

ON SHANGHAL...

On Demand

UN NEW YORK:-

192 19-15/16

$100 $4.30

140.ots

Bank Billa, on demand 201 Credits, 30 days' night. 211 ON BATAVIA¦—

On demand

Ox Paris:-

554

Bank Bills, on demand 855 -Credits,-4-month's sight vos

...

86%

102)

On Gaidon:----

Ow Stxoarora:

On demand

On demand

82}

OX MANILA:

On demandva

On JAPAN-

Dn. demand

Oy „Bangrox:-

100

On demand...

1498

SOVEREIGNS Bank Buying

Mash on demand....................

Telegraphic Transler... 189

Pain

BAR SILVER DIE Silo sinisi 12 10/10

PHILIPPINE MINING NEWS

"The days when overnight for tunes could be made in Philippines gold mining are gone," says Mr. Edmund Bitzer, mine superinten- dent of the Benguet Consolidated Mining Company, of Bagulp, who arrived in Singapore from Manila recently

ין

In a search for revenue, 1 was considered most likely the Philip- pines Government would pick first on the wealthy mining corpora- "tions.

FEARS OF DISASTER "This independence business is causing Industrials plenty of nead-. Mr. Bitzer is making a vacation aches," Mr. Bitzer said. Business trip to New York.

men and most of the educated Filipiг.08 now are beginning to realise that complete independence can bring disaster and nothing else. to a formerly very prosperous' territory.

"Those stories

you still hear about fortunes to be made in our mincs are what Americans call 'boloney." Mr. Bitzer told the

Times of Malaya."

"Production is high and there are 200 development companies at work, but there really are only five output companies." he said. Those mines were in good condition and were likely to continue profitable for an indefinite time, but nothing spectacular could be expected.

Philippine gold-mining. CUM canles were expecting almost crip- plug taxation as the time for the complete independence of the islands approached. Mr. Bitzer continued. He thought trade with the United States, was certain to diminsh appreciably.

WHY CEYLON RAILWAYS

LOSE MONEY

RUN FOR OFFICIALS

NOT PUBLIC.

An

-Commission Report astonishing account of maladministration of the Govern- ment-owned Ceylon railways is contained in the "Report of the Special Commission appointed-by the Colonial Secretary to Inquire into the transport System of the island." The Commission, which consisted of Brigadier-General F. D. Hammond. Mr. J. D. C. Couper

The r rket was quiet, but not and Mr. J. F. M. Taylor, arrived

BUYERS

Doug.ases. $48.

Indo-Chinas (Det.), $43.

Union Waterboats, $9.30.

Chinese Estates, $90.

Peak Trams (New), $24. Wm. Powell. Ltd., 40 cts. Constructions (Old), $1.60. Constructions (New). $1.

SELLERS

H.K. Land 4% Debentures 1021. Marsmans (EK), 4/6 H.K. Govt 34 Loan 14

Prm.

„TREASURY BILLS

London, Sept. 1. The total amount appiled for in tenders for the £50,000,000 Trea- sury Bills was £92,690,000, an average rate per cent. for the bills at three months, of 10/2.623. against 10/2.53d a week a80.— British Wireless Service.

MINES LAID UNDER MAIN MADRID BUILDINGS

Salmanca, Sept. 11.

A sensational story of mines iaid beneath the largest and most important buildings in Madrid was

told here yesterday.

Teller of the tale was a Nation- alist officer, who has just escaped from a Madrid prison.

"

Business circles felt that Prest- dent. Quezon was the latest to ap- preciate the full signiorance or cutting adrift from the United States, he continued: "

"But although Quezon realises what trouble lies ahead, he cau- not do anything about it. He hus spent his life preaching Indepen- dence. It has been his living. His political careed would end it ne admitted he had been wrong all

his re."

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

******

Authorised Capital $30,000,000 Issued & Fully Paid-Up $20,000,000 Reserve Funds: Sterling.

AUSTRALIA AND CHINA Incorporated by Royal Charter 1933

HEAD OFFICE: LONDON: 38. Bishopsgate E.C.2.

....£8,500,000

#10,000,000

$20,000,000 Rosary

Hong Kong Currency

Reserve Reserve Liability of

Proprietors

Head Office:-HONG KONG

Chairman

Board of Directors. G. Miskin, Euq..

Hon. Mr. M. T. Johnson,

Deputy Chairman,

1. E. Bousfield, Esq., A. H. Comptou, Esq., S. H. Dodwell, Esq.,

J. R. Masson, Esq.,

K. S. Morrison, Esq.,

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq., A L. Shields, Esq., Sir Vandeleur M. Grayburn,

Chief Manager.

Anay

Branches: Hoilo

Bangkok

1poh

"There's

certainly plenty or trouble ahead for those islands of ours," he added.

little

Batavia Bombay

Johore

Peiping Penang Rangoon Saigon

Calcutta

Canton

Cheloo

Colombo Dairen Foochow

Robe Kowloon San Fran- Kuala

cisco Lumpur Shanghai London Singapore Lyobs Sourabaya Malacca Sungei

Germany's New Loan Haiphong Manila

Increase

Berlin. Sept. 11. The new Reich 41 per cent. Loan of 600,000,000 reichsmarks.

Issued on Thursday, having been heavily oversubscribed, the under- writing syndicate has applied to the Government to increase the amount.

A

The Loan has consequently been raised to 850,000,000 reichsmarks. of which 100,000,000 zelchsmarks

Tranrotenn News Service. had been subscribed beforehand-

Fi

GERMAN AUTUMN

MANOEUVRES

In Ceylon last October and lett

London, Sept. 11. two months later.

Field-Marshal Sir Cyril Deve- They found a railway nearly rell, Chief of Imperial General 1.000 miles long, the gross receipts! Staff, and Ale Marshal Sir Arthur of which in the past ten years Longmore, Commandant of the Im- liad fallen by more than 45 per perial Defence College, will head cent, and defelt of which for the British military mission which 1936-37 was estimated at 31.67.285 will fly to Germany on September rupees (about £230,000), compared 22. with a profit of nearly 90,00,000 rupees (about £675,000) in 1928- 29.

The mission will attend the great German autumn manoeuvres in Mecklenburg., where the army, The railway is controlled by the navy and air force will carry out Works, all the members of which, Ministry of Communications and important strategical movements. save one, are, according to the special interest to the visit, since British political circles attach "Colonial Office List," natives of Signor Mussolini is also expected Ceylon.

"Legislative bodies," states the report, " are ill-adapted to control directly departments which earn revenue. more particularly when these departments have to meet 'competition. There is a tendency to Intervene in matters of administration, often of a minor nature, and thus to hamper the ordinary day-to-day management of the undertaking.. There is the further tendency to introduce political alms into what should be run purely as a business."

W

WORN-OUT STOCK

In the running of the railway the Commission found:

Local trains run to suit Govern- ment officials and not the general public;

A maximum speed on the whole system of only 40 miles per hour-- a speed which "could be substan- tially increased with safety even in the existing conditions";

Complete disregard of publicity | and no time-tables published in Cingalese or Tamil

He says that mines have been "There is not much use." com- laid under the Royal Palace, the ments the report, "In letting. * Bank of Spain, the main Post passenger know in his own langu- Office, several Ministries and varf-age when he has arrived at his ous important thoroughfares. atation unless you tell him Arst All the mines, the omcer de- in the same tongue how he can clares, are connected with each get there"]; other, and can be touched off with a single switch............ Transocean News Service

2

Worn-out rolling stock, with no provision made for replacement, and some engines more than 50 years old;

The

Thousands of passengers travel- ling with platform tickets and MORE JAPANESE

escaping at unfenced platforms on REINFORCEMENTS | arrival at their destination.

Commission recommends Nanking, Sept. 11: Approximate the closing of 179 route miles of ly 20,000 Japanese troops have line and the appointment of a Janded at Tangku during the past Railway Board, on the lines of the week. according to military in London. Passenger Transport formation received here.

Board, to control the administra- tion.

to attend the manoeuvres as the guest of the German Government.

"ranencian Newe Service.

LEAGUE COUNCIL"

MEETING

Hamburg Muar Haukow

Patani Tientsin

(Johore) Tokyo

Tsingtas New York Yokohama

Harbin Mukden Hongkow

in

Current Accounts opened received for one year or shorter Local Currency and Fixed Deposits

perioda 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

Business of the

above

TBank is conducted by the

HONG KONG & SHANGHAI BANKING CORPORATION. Rules nay 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

2,776,795.70

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

Board of Directors:-

Sir Shouson Chow, Chairman

Li Kosa Chun, Esq. Li Lan sang, Esq.

·P. K. Kwok, sq. WongChnson, t.sq. Wang Yuning, sq. Kao Ying Yo, Ex. Chan Ching Shek. Fung Ping Wah,

Esq

Eng.

Kan Tong Fo, Kan., Chief Manager. Li Teo Fong, Esq., Manager.

Geneva, Sept. 11.. The twenty-eighth session of the League Council was opened yesterday with the Spanish Re- publican Premier, Negrin, in the chair.

The Council met in Senor Negrin stating that when Kebe

take the chair.

·Branches and Agencies:-

Kowloon Landon

Paid-up' Capital.. Reserve Fund.....

Liability of Pro- priators

*£3.000.000

--- £3.000.000

.................................. £3.000.000

MANCHESTER BRANCH: 71, Mosley Street. Manchester.

AGENCIES AND BRANCHES:

ALOR STAR ILOILO. AMEITAR P DANGKOK BATAVIA

SINGAPOEN

BAIGON

SEMARANG

KARACHI

SKREMBAN

·BOMBAY CALCUTTA CANTON CAWNPORA

kau COLOMBO DELHI

SLANO KORE KUALA

SHANGHAI

BITIAAN

LUMPUR

KUCHING

TAIPING

MADRAS MANILA

TONGKHAN

MEDAN

HAIPHONG

NEW YORI

TSINGTAO

HAMBURG

PLIFING

BANKOW

BARBIN

BOURABAYA

*TIENTEİN (

(Bhuket)

YOKOHAMA

(Peking) saICANGA PENANG

HONG KONG BANGOON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for Oce Year or shorter periods, at rates which will be quoted on applica tion:

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

B. W. ROBERTS,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL.

HEAD OFFICE:

18, PINE STERKT,

NEW YORK

An American Bank offering "com.

plete Foreign Banking Service, In the principal Markets of sha world. Interest Rates on Application.

11

SAFE DEPOSIT BOXES

Thin Brok is entirely owned b THE CHASE NATIONAL BANK, NE

YORK, with Resources over L... $2,500,000,000.

D. M. BIGGAE,

Manager

'THE YOKOHAMA SPECIË BANK

2

LIMITED

Capital (fully paid up).

Yen 100,000,000:00 Reserve Fund Yen 184,400,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Rio do Batavia Karachi

Janeirg Berlin Kobe San Bombay London Francisco

Los Angeles Seattle Manila

Caloutta

Canton

Semarang

Periang Scurabaya

Dairen

Moji

Shanghai

camera,

Hataria Bombay Senor Juan Oleratin

Canton Fialphony Bankow Banka Honolulu

Ranyoos

Swalow

Kaalla

Malgoa

Sydney

(Dalny) Nagasaki Singapore

Melbourn

Bad Fran Tiboru

Fengtien Nagoya

Sourabaya

Xagnak! New York

Parie

dorila

Tlentin Tokyo

(Mukden) New York Sydney

Tientsin

Pelluz

Bhangbai

Raspore

Yokohama

.

Hankow

Otara Harbin Paris Hong KongPeiping Yinkow

Tokyo

Tsingtao

The Council decided to appoint

Samstang Vanscover Hamburg Osaka

Every description of Banking

the Valencia Government's appeal came up for consideration, he would ask another member to and Exchange business transacted. Interest allowed on Current Ao-

Loads

granted OF spproved counts. securities.

Deposite received for Fixed committee at its next sitting to Local Currency and Fixed De-application,

Current Accounta opened in Periods at rates to be obtained on which would be entrusted the task posits received for one year or of studying

Y. KANO, the report of the shorter periods in Local and Mandates Commission

Manager. on the Palestine question and submitting will be quoted on application.

Foreign Currencies on terms which Hong Kong, 11th Sept., 1937. its own report on the subject to

Safe Deposit Boxes To Let. the Council,

KAN TONG PO.

Chief Manager.

The Council's next sitting will take place on Tuesday afternoon. Sitting of the committee for re- form of the League Covenant was fixed for the afternoon, at which Chile was to have brought forward a. proposal for consulting States: which are not members of the League.

MORE RECRUITS

London, Sept. 10.

FIVE PERFORMANCES

London, Sept. 10.. Twenty-two of the 27 starting planes finished the Dublin. eliminating und of the King's Cup air race.

miles per

Gard.

Up to the end of August 6,378 Captain E. W, Percival, smash- Various private discussions be more recruits have joined the Ter-ing all previous records. for the tween delegates to the League ritorial Army this year than in the race, averaged ́ ́ 223 took place yesterday morning on corresponding eight months of hour. Last year's winner, the subject of the Mediterranean 1936. The intake for the years toner, had an average of 213 mues Conference

date is 33,850 and the total

per hour. The previous record strength of officers and other ranks was 211 miles per hour! Transocean News Service.

on September 1 was 155,050, or Reuter.

15,000 more than a year

OPIUM OFFENCE

over

Bg0.

Reuter,

LOAN OVERSUBSCRIBED

Berlin. Sept. 10.

PREPAID FREIGHT CHARGES Berlin, Sept. 10.

In accordance with the decision of the East Asia Conference, Ger-

Part of the new force has been

A remand of 48 hours Wis ɛent to the Pelping area, and the In addition, the appointment of granted by His worship Mr. E. remaining troops will be sent à competent general manager at Himsworth on Saturday when Lo It is announced that the in- man shipping companies announce Bouthward along the Mentain- a higher salary from England. Sum was charged with possession ternal loan has been increased to that freight charges on Pukow line to

goods the Machang- Interchange of officers with other of prepared oplum and keeping an 850,000,000 marks owing to the shipped to the Far East henceforth Tangkuantun sector where the Colonial Tallways, and # far opfum divan, at No. 132 Nem original issue have been over be prepaid from the port of ship- Japanese have lost heavily during | greater expenditure on publicity are Chong Street second floor. six subscribed.--

|ment.--- last week-Central News.

advocated.

lamps and six pipes were seized. Reuter.

Reuter,