1937-09-14 — Page 12

12

DAILY SHARE Hong Kong Stock

Exchange

Magic Molly* *

*****

QUOTATIONS

MONDAY. SEPT, 13.

Banks

$1,650 H.K. Banka

ENT

£13

Sharebrokers' Association

£43 £ID

N. C. & S. Backs...

на

$300

truyers

Ballare

Jalva

$1,670

HONG KONG DAILY PRESS, TUESDAY, SEPTEMBER 14, 1937.

THE EXCHANGE

MARKET

MESSRS, ROZA BROS

The price for Ready Silver was unchanged over the week-end but the Forward rate dropped 1/18- the quotations being 19 15/18 and 10 7/8 respectively. Silver ad- vices reported a very small busi- ness with no special feature. The market was steady.

York

cross- was quoted at 494.55. New York-London was quote at 404.-

MONTHLY WATER

RETURN

Level and Storage of water in Reservoirs on September 1, 1937.

'ISLAND

WATER WORKS

1936

Contents in

Below Millions Below Millions

Over- of Over-

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

Reserve Liability of

Proprietors

AUSTRALIA AND CHINA Incorporated by Royal Charter 1853

1037

£ 6,500,000

HEAD OFFICE: LONDON: 39. Bishopsgate EC.2.

Contents in

Do. (London)...|

ໃນ,

Hong Kong Currency.

Reserve

Chartered Banks

Mercantile liks.

Lis B331

Do

RESERVOIR

flow Gallons, flow

Gallons

$10,000,000 Paid-up Capital..... Reserve Fund..... $20,000,000 | Reserve Liability of pro-

priators

£3.000.000 £3.000.000

£3.000.000

Hank of East Asia...

199

Tytam

124

Tytam Byewash

1 4′′

* 323.52 20.52

J' 1"

"0" 2"

381.08 22.18

Head Office:-HONG KONG

Insurances

Canton lusaCH:100%..

$297

1010

Union lauraDJE ........

1800

The London-New rate

Tytam Intermediate Tytam Tuk

Level 195.00 Level 1,408.00

Level

195.90

Level

12

Uladerwriters

12

Wong Net Chong

7' 4 21.45

1' 2"

1,408.00 28.86

1:80

11.5. Fires.

$980

5/8.

Pokfulam

8' 5"

13

International Aasen, 5,

MARKET

Aberdeen Upper

2 B

Shipping

#18)

Douglanes...] 148

151

$43

19.30

#1

ོ ྂ:2

Stenabt********

381

Indo-Chins (pref.)

$51

Do.

(def.)'

142

108/3

Shells/ VUOKIE)

Extremely quiet. Steady.

STERLING

There were sellers at 1/3 Sep- 108/7tember and 1/2 31/32 October-

Aberdeen Lower

Level

47.60 159.85 106.89 Level

4" 1 Level

Total Storage,

2,281.53

63.08 173.23 106.80

2,357.20

BAIGON

SEMARANG

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

SEREMBAN

AHANGHAI

SINGAPORM

J. R. Masson, Esq.,

SITIAWAN

K. S. Morrison, Esq.,

LUMPER

SOURABAYA

Waterbon

$9.30

Mining

15/

Kailans

15/0

Venezuela Gold Fida 4.30

$11.45

December, buyers at 1/3 1/32 Cash-October and 1/3 November- December. No business ported.

Consumption of water in the City and Hill District in millions of gallons during the month of August.

Hon. Mr. J. 3. Paterson,

KUCHING

TAIPING

HADRAS

T. E. Pearce, Esq.,

TUENTEEN

Was

TE-

Consumption

1936 *501.63

A L. Shields, Esq.,

TORGKAN

1937 1507.24 Million gallons (Record).

Sir Vandeleur M. Grayburn,

Chief Manager,

„DULRI

MEDAN

(Bhuket)

KAIPHONG

NEW YORK

TRINGTAO

KAMBURO

PRIPING

Estimated population

438,400

36.9

$45.000

38.8 Gallons

HANKOW

Board of Directors. G. "Miskin, Esq.,

Chairman.

Hou. Mr. M. T. Johnson,

Deputy Chairman.

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AGENCIES AND BRANCHES:

120120 ALOE STAL

1708 AMEITSAR

БАКАСНІ

BANGKOK BATAVIA BOMBAY

CALCUTTA CANTON CAWNPORX chao

ILANG

KOBE KUALA

COLOMBO MANILA

||

auf:

$32.85

$120

En ctt.

Docks, Wharves,

Godowns, ete.

H.K. & K. Whateve

Providents (okl) ... Do. (new)

1.K & W. Docks....

$18 Shangani Dock S. New Engineerings S. Lands, Hotels, and

Buldings

H.K. Hotels. H.K Lands..........

33)

$13.60 Ewo ******

$110 $2.20

150 ots

1321

$106

13

U.S. DOLLARS There were sellers at 30 15/16 irst half of September, 30 7/8 October and 30 13/16 Novem- ber-December, buyers at 31 cashi 30 15/16 October-November and 30 7/8 December.

SHANGHAI DOLLARS Nominal at 103 1/2.

SHANGHAI MARKET Opened with sellers at 1/2 13/32, buyers at 1/2 7/16. US Dollars. sellers at 29 23/32, buyers at 29 25/32 for Spot. Later advices in- dicated the market as being 3 shade steadler with sellers at 1/2 27/64 and buyers at 1/2 29/64.

ין

Consumption per head per day

*Includes 97.09 million gallons supplied from mainland.

+ Includes 125.34 million gallons supplied from mainland. Additional amount supplied to Island Villages during the month of August 17.43 million gallons.

Aug. 1936.-From 1st to 4th a 15 hours supply 16 a.m.---9 p.m.) was given to all districts. From 5th to 31st a constant supply was given to all districts.

Aug. 1937.-A constant supply was given to all districts during the whole month.

MAINLAND WATER WORKS

RESERVOIR

Kowloon Main

7.90 1341

18.65

135

30021

Da 4% Debentures

$103

Shanghai Lands...8.

Metropolitan Lande..

'8 10

H.K, Realties.....

25.90

Chias Du

#60

Do. Debenturesð.

Humphrug: .........

$9

100

Chinas Estates......

Cotton M

Η

314

IN THE AFTERNOON

Kowloon Byewash

$100

S'hai Cottona(old)3.

$90

Do. (Dew).

The afternoon market was quiet.

Shek Li Pul

34

Zong Singe... 5.

$34

Jubilee

STERLING

48.

Wing On Textilos(5.)

$40

Shing Mun Reception

Ewe Cutton Rts. S.

Pablle Etilities

$14.60 Tradwaja .....................

$14

Peak Trama (old)

15

34

Uo. (new)... $2)

There were sellers at 1/3 Bep- tember and 1/2 31/32 . October- December, buyers at 1/3 1/32 Cash October and 1/3 November- December.

Total Storage

186

Sta: Forros

$86

$27

Yaunati Ferries

:97

$13.00

Chias Lighta (old)...

#134

$13,70

Do. (new)...

150

H.K. Electrics

$13.30 $691

$19

-Macao do.

3141

Sandakan Lighte.......

$29,60

Folphones (old)

Do.

(new)

1/26

China Bus

23/9

Fractiona

[

Du. (prof.)...

Industrials

$10 Callback, ond

$17

Mucgregor (penf 18,

Canton Lees

U.S. DOLLARS

There were sellers at 30 15/15 first half September, 30 7/8 Octo- ber and 30, 13/16 November-Le- cember, buyers at 31 cash, 30 15/18 $28.40 October and 30 7/8 November- $.1.3 December.

12

92

$15.101

-16

Litment-

30.05

Kupes

10,20

Miscellaneous

1961

Dairy: Farma

*5.40

Ch. Etsinmenta.

$284 34.80

11.60

$1,00

Constructions, (old) $1.80

Do

$1

18.6 Lane Crawforda.....

18.50

Nanyang Toscou....

12.60

Sinceros

$5.40

Wartoon

| 18.30 $91 $6.35

3. C. Enterprima

$1

977. Ch.0, 5219250. B

90%

prea. %

HK. Govt, 4% Loans

1,

prem

Do.

34%

to

Wallace Carper

800

H.K Wing Ou

185

S'hai

441

Vibro Piling

Wm. Fowells

(H.K.)]

40 sta,

21/8 Maramany It v. (Lon.)

Sales to Shanghai

LONDON EXCHANGE RATES

Paris

Geneva

Berlin

Athens

Milan

Copenhagen

Stockholm

Shanghai

New York

(British Wireless Service)

Sept. 10 138

21.51 12.33

Sept. 11. 138-57764 21.53 12.32

94

94

Amsterdam

4.94-13/16 8.98$

Vienna

Prague

1421

4.94-9/16 8.991

141

Madrid

Lisbon

Hong Kong

Bombay

Montreal

Brussels

Yokohama

Belgrade

Monte Video R10

Bucharest

Silver (Forward)

Silver (Spot) War Loan

4.94-13/10

29.361

4.94-9/16 29.361

191

19-15/16 34% 100-3/18

Closing Quotations

September 13, 1937.

fi LONDON: N

Telegraphic Transfer... Bank Bills, on demand 1/24

Orédits, four months"

right

ON SINGAPORE:-

1/3

́ON SHANGHAI:----

On Demand

On demandé mais 52Į

On JAPAN-

On demand

100

INDIA Z

Telegraphie Transfer...

197 19-15/10

$108 21014

$100 $4.90

40 ats

ON NEW YORK:—

Bank Billa, on demand 320§ Credits, 60 days' night. 31)

On demand ON BATAVIA:

ON PARIS-

551

Bank Bilis, on demand 855 Credits, 4 month's sight 205 ON SAIGON ----

On demand .............................................. 85a ON MANILA:-

On demand '

ON BANGKOK;— !

t

€1

1498

› On demand ... concent SOVEREIGNS Bank Buying

compageierneoputus 1/2 1/16 BAR BILYDE. DAE DB anno 1910/10

ECONOMIC RECOVERY CONTINUES IN CANADA

Ottawa, Canada-The marked expansion in industrial employ- ment in Canada in recent montos furnished significant evidence of the continuance of the economic recovery during the first half of 1937. The Dominion Bureau of Statistics in a recent report says that "working forces were greater on the first of June than at any other

time in the last 17 years except for a short period of ›ex- ceptional prosperity from 1928 to 1930.

Most the decline in employment during the four years ended in the first quarter of 1933 has been coun- terbalanced by the steady improve- ment of the subsequent perlud.

The index of employment on June 1 at 114.3 was about 50 per cent greater than the low point of the depression reached in April 1933. The standing was still slight ly more than 10 per cent below that of August 1029 when the all time peak of Canadian employment was reached,"

1936

1937

Contents in Contents in Below Millions Below Millions

Over- of Over-

02 flow Gallens flow Gallons Level 352,50 Level 352.50 Level

185.50 Level 185.50 118,10 Level.

Level

116.10 361 0" 1,662.00 Level 3,000.00.

26.82 2" 5"

Level 33.15

2.352.92

3,687.25

Consumption of water in Kowloon and New Kowloon in millions of gallons during the month of August.

A constant supply was given to all districts during Aug. 1930 and 1937.

Consumption

Estimated population

Consumption per head per day

1930 276.12

326.000

27.3

1937 300.57 Millen gallons 380,000

26.0 Gallons

Additional amount supplied to Lalchikok Water Boat Dock during the month of Aug-3.18 million gallons.

The reports of the Government Bacteriologist and Analyst shew that the quality of the water is satisfactory.

Total rainfall recorded by Royal Observatory from 1:1.36 to 31.8.36: 54.965; and from 1.137 to 31.8.37: 66.835.

U.S. FINANCE

Low Interest Rates

Measure

New York, Sept. 13. The United States Federal Re- serve Board has announced a two- point programme in order to main tal low interest rates.

an-

Branches: Iloilo Paiping

Saigon

Amoy

Bangkok Ipob

Batavia Johore

Penang Rangoon

Bombay

Robe

Calcutta

Kowloon

Canton Chefoo

Kuala

Colombo

Dairen

San Fran-

cisco

Lumpar Shanghai London Singapors Lyons Sourabaya Foochow Malacca Sungei

Patani Tientsin

Haiphong Manila

Hamburg Muar

Haukow

Harbin

Hongkew

(Johora) Tokyo Mukdan Tsingtao

New York. Yokohama

in

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

Also up to date Safe Deposit Boxes in various sizes To Let. Hong Kong, 12th May, 1937.

JI

HONG KONG SAVINGS BANK

T

HE Business of the above Rank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION. Rules may be obtained on application,

For the HONG KONG & SHANGHAI

BAKIING CORPORATION.

V. M. RAYBURN,

Chief Manager.

Hong Kong, 1st March, 1937,

BANK OF EAST ASIA, LIMITED,

BARRIN

TOKOKAMA

(Peking) LazDANGA PENANG

HONG KONG LANGDON

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOArts received for One Year or shorter periods at rster which will be quoted on applica tion.

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

B. W. ROBERTS,

Manager.

THI CHASE BẢNG

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

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 is entirely owned_by' THE CHASE NATIONAL BAKE, NEW- Yoft, with Resources over U.A $2,500,000,000.

D., M. BIGGAB,

Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

SALVING A SHIP Authorised Capital ...$10,000,000.00 Capital (fully paid up).

AT SEA

Old Rule Of Law

Upset

own

5,598,600 00,

Paid-up Capital .......... Reserve and Undivided

Profite

***** 4,770,728.76 HEAD OFFICE:-HONG KONG No. 10, Des Voeux Road, Central.

*༔

Board of Directors :- Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan zang, Esq. P. K. Kwok, Esq. Wong Chubon, Esq. Wong YunTong, aq. Kan Ying Pu, Esq. Chan Ching Shek, FungPingWah,

Esq.

Ten 100,000,000 pe Reserve Fund. You 134,400,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND ÀGENCIES ATT Alexandria Honolulu Rangoon Bangkok Hsinking Rio do

Karachi Janeirg Batavia Berlin

Kobe San

Francisco Bombay Calcutta

Esq.

Canton Dairen

Kan Tong Po, Esq., Chief Manager. Li Tre Fong, Esq., Manager.

The House of Lords recently allowed an appeal in a reserved judgment against a decision of The programme provides for the the Admiralty Court, confirmed by liberation of 8300.000,000 worth of ❘ the Court of Appeal, that the old sterilised gold and the purchase of rule of law, "No man can proft Government securities on the open from his

wrong doing," market by Reserve Board

applied to prevent the giving Branches and Agencies – nouncements.

of an award for salvage services Amoy Kowloon Редал to the owners of

London Banyoos vessel 1 Batavia

Saigon Manis Bombay they were partly to blame for a Catia

Melbourne San Fran Mama!

·Tiantain collision which caused the salvage phony New York deartle Tokyo services to be required, although Haw their ship which performed those Kote services was not the same vessel as the one partly to blame for the collision.

The Board's plan followed a two- day session of the Board's Open Market Committee. The effect of the programme will be to raise the supply of bank funds available for loan by $300,000.000, plus whatever sum the board expends on Govern- ment securities. Reuter.

PHILIPPINE MINING

Premlere

NEWS

Mineral Exploration | tunnels running in opposite direc- has discovered Ave parallel veins tions. Assays taken from this vein of commercial value in their of a width of from 2 ft. to 5 ft. Navago claims. The most out- run P15.40, P42.60, P11.90, P37.30, standing are the Navago, Nevada P33.90, P35,00, P22.50. P16.80. All and Bonanza veina.

these samples also rua high in The structure of the Navagu silver. At the present domestic vein started as an oxide stringer price of silver, a sample gave a

value of 228.78 per ton. on the side of a creek from which gold had been panned in great quantities, A handful of the stringer material assayed P21.48. This stringer was followed by a short tunnel to a place where it widened to about 4 ft. The North- ern extension of this vein was picked up on the other side of the creek and a tunnel has been driven

450 ft. elevation, After a short to a distance of about 130 ft. As-

tunnel was driven, a sample run saya run P4:13; P38.84;-F486,-P5.60,pate about 8 ft. wide-The vein P36.40, P9.80, P4.00, P1.00, P9.80, P8.70, F11.90, P15.40, P3.40, this last one running also 8.10 oz. in allver per ton.

The Nevada velh has already been followed for about 400 ft. along its strike length by two

The Bonanza vein is the widest structure of the Navago group property and has given the highest values so far. It is a mineralized fault Breccia and the gold is free and can be easily panned. This vein structure was discovered on a slide on top of a high of about

farther in was over 18 ft. de carrying commercial value over the entire width.

The Premiere Lode and Bagulo velns have also shown high values in gold and silver,

The question arose out of a col-

Tyne.

Cantun

Honatulo

Uska Paris

Pelping

nhoo

London

Los AngelesSeattle

Manila

Semarang

Moji

Shanghai

(Dainy) Nagasaki Singapore

Fengtien Nagoya," Soerabaya

(Makden) New York Sydney

Hamburg Osaka

Bourabaya

Swatuw

Hankuw Otaru

Hyder

Harbia

Paris

Täheku

Hong KongPeiping

counts.

Deposito

Serf Yanoouter Shaoghal Yokohama

ricapora

.Every description of Banking and Exchange business transacted. Loans granted од approved Ilsion between the Empress of Bri- securities.

Ourrent Accounts opened in tain, owned by the Canadian Pacific Local Currency and Fixed De tallway, and the steamship Karposits received for one year of istan, owned by the Hindustan shorter

Local and periods in Steamship *Co., Newcastle-on- Foreign Currencies on terms which

will be quoted on application. The Kanristan was towed for Bafe Deposit Boxes To Let 100 miles by the steamship Bea-

KAN TONG PO. verford, belonging to the Canadian

Chief Managér. Pacine Railway, and because the latter company's Empress of Bri- tain was held to be partly to blame for the collision the Bea- Terford's claim for salvage services was disallowed,

Lord Wright sald that the ap- peal raised an important question of maritime law. In his opinion, the claim of appellants for salvage remuneration was well founded. There was no dispute that the services rendered by the Beaverford were meritorious," and eventually contributed to the safety of the Kafiristan and her cargo."

Tientsin

Tokyo

Tsingtao

Yinkow

Interest allowed on Current

received for Fixed Perioda at rates to be obtained ou application,

Y. KANO,

Manager. Hong Kong, 11th Sept., 1937.

RAILWAY BECOMES

FOOTPATH

Sir Josiah Htamy, Chairman of the London, Midland and Scottish Railway Company, by cutting a tape, opened the public footpath and cycle track which extend for lines of the eight miles on the

NEWSPRINT EXPORTS old Leek and Manifold light rall-

FROM CANADA

"

way, Staffordshire.

The railway, which has been disused. for many years, passes Ottawa, Canada Newsprint ex-through some of the most ple- ports from Canada in June reach-turesque scenery in England. The ed a total value of $11,401,000, site pas recently presented to the nearly $2,000,000 above exports of Staffordshire County Council by $9.816,000 in June, 1936. Of the toe radway company. 6.132,991 cwta. exported, 4,848,503 went to the United States, 298,338 to Australia. 288,318 to the United Kingdom and 226,990 to Argentina, Exports of all papers and paper The maritime law was based

manufactures were worth $12.270,- on principles of equity. There did 000 compared with $10,303,000 in not seem to be any reason in June last year...

salved equity why the

Vessel should not Day the proper Balvage remuneration merely B6- cause the zalving vessel be- longed to the same owners, as Wright were also delivered by one of the colliding vessels. In his Lords Atkin and Maugham, and Lords Thankerton and Macmillan opinion, the appeal should

formally, concurred. allowed with costs..

be

Judgments agreeing with Lord

CANADIANS SPENDING MORE

· ON LUXURIES Ottawa, Canada-Increasing ex- penditures by Canadians on luxu- ries is indicative of improving con- ditions. Government returns for "the month of June show that 11,993.000 cigars, 828,700,000 ciga. rettes, 1,953,000 lbs. of cut tobacco, 317,600 lbs. of plug tobacco and 598,200 lbs. of foreign leat tobacco was released, for bond for domestic consumption.