1937-09-18 — Page 12

12

DAILY SHARE QUOTATIONS Hong Kong Stock

May 1

Exchange

****

Sharebrokers'

Association

FRIDAY. SEPT. 17.

Sublet

5zidə

Banks

$1,650 H.K. Bariks

Do (London) ... Chartered Banks... £33 Marcantile Bks."

$1,550 £943 £131

"A"

Do.

£33 216

Hauk Lf East “Aria... N. O.

8. Barks... Insurances

$93

$24

$297

$550

$180

HONG KONG DAILY PRESS, SATURDAY, SEPTEMBER 18, 1937.

A. K. STOCK

EXCHANGE

YESTERDAY'S"

OFFICIAL QUOTATIONS

BUYERS

THE EXCHANGE MARKET

WESSRS KOZA BROS.

satisfied.

LONDON AS A FISH PORT

London may soon recapture its former position as a great port for fishing vessels,

Following inquiries from several foreign Governments Billingsgate Market is to be enlarged for use as a fish port, which, by enabling ships up to 6,000 tons to bring Ash. direct to London,"will obviate train. transport, which has raised costs

Hong Kong, Sept. 17. Silver prices rose 1/16 yester- day for both deliveries, the quota- tions being 20 for Ready and 19 The market WILS persistently 7/8 for Forward, Silver advices dull throughout the week, though | reported bears as having, covered. without marked recession in the Speculators operated both ways. speculative section. Investments. The market was quiet, with buy-and reduced freshness, on the other hand, were offered ers

American Silver Among countries most interested with some degree of freedom, buy- was unchanged at 44 3/4 for Spot. are Norway and France, who plan ers being inclined to hold off. The The London-New York CLOSE- 3 fleet of fishing boats to run volume of bustness · continued low. } rate was quoted at 495.40. New direct in and out of the Port of London, Owners of large Brush trawlers have been no less active In their inquiries. Firms have ex- pressed a wish to land their car- STERLING

goes direct in London Instead of. There were sellers at 1/3 Bep-at provincial ports. temoer-November and 1/2 31/32 December. buyers at 1/3 1/32 cash-November and 1/3 December. No businese was reported."

MARKET

Steady but dull.

In London, Banks were against | York-London was quoted at 496.- market down, and Unions also 1/4. came an offer. Both issues con- tinued to find support locally.

BUSINESS DONE DURING THE WEEK Singapore Tractions, 23/9

1200

Canton lustraden..

8610

Valon Insurancos...

Underwritora

$220

H.K. Fires....201

13

International Asses, S.

Shipping

#48

Douglases

149)

Br

siteauhatu

181

151

Indo-Chinas (pret.)

$51

363

Do.

(iv)

342

100/3

Shells

1 39

$0.30

Waterbosta

$9,30

+1.

Miolog

15/0

Kailas

$103

Raube

15/8 $11.43

13

Venezuela Gold Fids. 4.31

Docks, Wharves,

Y.

Godowns, etc.

$120

B.K. & K. Wharven.

$118

121

octe

Providents (old;

Du (DOW)

12:0

32.8

H.K. & W. Does

SIGH

Sitsigt Docks S.

Ja $108

$31

New Eaguauerings N.

13

Lands. liotals, and

B6.90 1341

But dings

H.E. Hotels

H.K Laada........... Do. % Debentures

11

Shangbai Lands...s

B

Metropolitan Lands..

10

H.K. Realties.........

#1

China, Du un uði

Do. Debentar 682.

SU

Humphreys ....

Chrticae Extalės Cotton Mills

150 ct

$6.05 135 $102

85,90

19

$100

$13.60 Kwum ................

S'hai Cuttons(15, (new.

313. 190

34

Zong Sines .......

$34

48

Wing Un Textilea(S.)

***

Ewo Cotton Rts. S.

Public Utilities

$14.60 Tramways

$14

**

Peak Trama (old)..... $5

126

Do. (new)...) $2

183

Star Ferries.........

186

$27

Yaumati Ferries...

*27

$13.00 China Lights (old)...!

#13

$13.70

Do. (new)...

$69

H.K. Electrica

913 30 500,

19

Yacao do.

Sid

Sandakan Lights ...

139.00 Telephones (old)

3.1.60! Du. (now)

29.40 F. 1.30

$12

Chias Buses ......S.

23/9

Traction

S+/-

93/-

Do. (pre).....

Industrials,

1816

!!

Caldbeck, or

#17 Macgregorxƒ (pref.18.

Canton leos...

Comment

Miscellaneous

$2

16

16.2u

$261

$4,80

18.50 $6,80 12. 34.35

$1

-2

$15.30

(5.05. Ropos

120)

Dairy Farina...

'5.20

Ch. E'tainmout.......

$1.60

$10

30.08

Constructions, (old)] $1.60

Do

Laus Crawford...

NW

+1

Nanyang Tou

$2.80

Sincaroa

$1.40

Watsons

S. C. Enterpris

97

Ch.3.5.19230.4 Bd..

prom. 8%

H.K. Cost. 4% Loane

prem

Do. 34%

IL

Wallace Harper

$50

S'hai

B.K Wing Uu

Do

$85

$100

Vibro Piling

$4.90

22/6 Maremans It v. (Lon.)

3;-

(H.K.)

Wm. Powetla

<ots

Sales to Shanghai

LONDON EXCHANGE RATES

(British Wireless Service)

DEVALUATION OF THE YEN

London, Sept. 17. Discussing Japan's finances and war effort, the "Financial Times points out that though Japan's previous adventures, coupled with her enormous cutlays on the Army, Navy and Air Force, has seriously weakened her financial structure, It would be premature to conclude is that an early breakdown threatened. Referring to the yen. the journal says its stability is misleading. and the increasingly adverse trade balance, aggravated by the war, has brought the pos- sibility of devaluation to the fore again.

describes The newspaper

the budgetary Anances as parlous, de- claring that, with the strained to the utmost to meet peace-time demands. it is hard to see how the necessary loans can be Hosted without severe regimenta-

tion...

U.S. DOLLARS

13

For some time only the smallest cargoes have been landed at Bil- lingsgate, and almost all the fish England consumes has been landed at coast ports and transported by There were sellers at 31 Sep-train to Billingsgate for the London tember, 30 15/16 October and 30 and Home Counties market. 7/8 November-December, buyers at 31 1/16 September, 31 October and 30 15/16 December and prob- ably November.

SHANGHAI DOLLARS 104 1/8 nominal.

SHANGHAI MARKET There were sellers of Sterling at 1/2 25/64, buyers at 1/2 27/64 for Spot. US Dollars, sellers at 29 11/16. buyers at 29 3/4 for Spot.

IN THE AFTERNOON

The market was quiet in the afternoon.

STERLING

נו

[

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

....... $50,000,000 Issued & Fully Paid-Up 120,000,000 Reserve Funds:-

Sterling

..£6,500,000

Hong Kong Currency

Reserve Reserve Liability of

Proprietors

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Ince porated by Rogai Charles 1953

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

£3.000.000 £3,000,000

£3.000.000

$10,000,000 Paid-up Capital.

Reserve Fund „$20,000,000 | Reserve Wability of pro-

priators

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

Head Office:-HONG KONG

Board of Directors. G. Miskin, Esq.

Hon. Mr. M. T. Johnson,

Chairman.

Deputy Chairman.

J. K. Bousfeld, Esq., A. H. Compton, 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.

Branches:

Iloilo Peiping

Now

Amoy. £600,000 SCHEME

Bangkok that the Corporation of Batavia Rombay Calcutta Cantof Ubafoo

Ipoh

Jchure

Kobe

Kowloon

Colombo Dairen Foochow

London have secured powers from Parliament, preliminary work is already in hand to enlarge Bil- considerably. lingsgate Market Greatly increased access is to be

given to the river.

The Improvements scheme, which is to cost £600.000, also provides for big alterations to the market itself.

Billingsgate, one of the country's oldest markets, claims to be the

only one in which every variety of fish is sold-"wet," dried, or shell.

Haiphong Hamburg Hankow Harbin Hongkew

Penang Rangoon

Salgon

San Frau Kuala

cisco Lurapur Shangbai London Singapore Lyons Sourabaya

Sungai

Patani

Tientsin

Malacca

Manila

Muar

(Johore) Tokyo

Mukden Tsingta

New York Yokohama

opened

in

The market closed with sellers at 1/3 September-November and market 1/2 31/32 December, buyers. at 1/2 Fish was once brought there from periods in Local Carrenes and

1/32 Cash-November and 1/3 De- cember. A small business was re- ported at 1/3 1/32 for cash.

"U.S. DOLLARS

There were sellers at 31 Septem- ber, 30 15/18 October and 30 7/8 November-December, buyers at 31 1/16 September. 31 October and 30 15/16 December and probably

salling trawling fleets in fast vessels, but, with the arrival of steam. trawlers became their own carriers. Since the War con- the inacces- Bested conditions, sibility of Billingsgate and the ad-

direct trawler trade with ditional cost of coal have killed

the

London.

Owing to the relatively high cost of coal in London, it is expected

that the proposed new London of Russian intervention. which fishing feets, will use of engines. while unlikely to materialise JustMorning Post." yet in view the disturbed state of Europe, could hardly fail to be decisive.

The journal concludes: "War enthusiasm will certainly result in a greater degree of national cohe sion: in fact, Japan is strong at all points except fiscal and finar-November. cial. The war is therefore à race against time, for the war chest far from inexhaustible. There is a limit to purely inflationary methods of naance. All the time, Japan is highly vulnerable on the interns- tional front. A complete boycott.. by the United States and the British Empire would leave Japan Just able to feed herself, but sup- plies of raw materials. would soon Further- run desperately short. more, there is always the threat

BOND SALES PUSHED

"Japan has taken on a big task. The odds are against her, but easy

Shanghai, Sept. 17: The Nation- propheeles should be avoided, us

al Salvation Bond Sales Office here more than once recently It has

announced to-day that the bonds been demonstrated how quickly a

are being rapidly sold in various compact national effort can meettts of the country. Yesterday's with success"- Reuter

PHILIPPINE MINING

NEWS

treated

Royal Paracale Mines 2800 tuns ut their Masbate plant 96% (formerly IXL-Argos) in August $106 and recovered P37,835,89, a gain $1011

DI more than P11.000 over the July output.

B! Wedge treated 3259 tons of

*175*

CHAHAR

ita

Sept. 15.

Paris

Geneva

1462

21.544

Berlin

12.33+

Athens

Milan

91

Sept. 16 1476 21.562 12.34

941

Copenhagen

SHANS

Stockholm

Shanghai

New York

4.047

4.95-7;16

Amsterdam

8.991

9.00

Vienna

Prague

1414

14,18

Madrid

Lisbon

Hong Kong

Bombay

HOM HEMNES

Montreal

4.94%

Brussels

29.392

4:95-7/16 29.441

CHE NOTING

Yokohama"

Belgrade

SHMIKIACH PANS

Monte Video

R10

Bucharest

Silver (Forward)

19 13/16

19 15/16

197

20

31% 100-7/16

Silver (Spot) War Loan

Do LANTAN -

34% 1001

Closing Quotations

September 17, 1937.

Telegraphic Transfer...

Bank Bills, on demand 1/2

Credits four months'

sight

ON NEW YORK:—

Bank Bills, on demand 30 11/16 Credits, 60 days' night, 31 3/18

ON BATAVIA:-

Bank Bills, on demand 836

Credits, 4 month's sight 916

******** 89

551

On demand

ON PARIS:

1/30

O SHANGHAI ?—

On Demand

1021

ON SAIGON-

On demand

-ON SINGAPORE:

On demand

521

OF MANILA:-*

Ón demand

On JAPAN:--

ON BANGKOK :-

Oo demand

IC6

Talgraphic Transfor.....

Sauk, co deprand..........

}02-

.......................... 61§

149%

1/31/18

HONAN

• 2

On demand... BOVARCIORS Bank Buying

Hate

ore

orders included $10,000,000 from Kiangst Province, $3,500,000 from Kwelchow and $180,000 from the staff members of the National Economic Council-Central News.

20 milled during August, the during August from which ¦ value, being P46,118.38. P142,205.28 was recovered, it was Tambls Gold Dredging Co. reported yesterday. This is a gala handled 22,968 cubic yards of gru- 131 Ste 75,000 over the July vel durdg the month of July, from which 293,51 ounces of gold valued figure

East Mindanao recovered 859.20 ounces of gold from 3.324 tons of

[17"

TAKU

TEH

19

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

Sterling on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Lat. Hong Kong, 19th May, 1937.

BONG KONG SAVINGS BANK

Bank is conducted by the HONG KONG & SHANGHAI BANKING CORPORATION, Roles may be obtained on application.

For the Hong Konɑ & ShaNGHAI BANKING CORPORATION.";

FAM. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1937.

HE Business of the above

BANK OF EAST ASIA, LIMITED.

Authorised Capital ...$10,000,000.00 Paid-up Capital........ 3,599,800 00 Reserve and Undivided.

'Profits

2,776,780.76

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

Board of Directors:--

Sir "Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan rang, Esq.

at PL7.010.60 were recovered, ac-P. K. Kwok, sq. WongChuson, 1 sq cording to a recent announcement. Wong Yunlong, aq. Kan Ying. sq.

Chan Ching Shok tung Ping Wah,

Exq.

Exq

JEHOL

FHN SPING

KONWARNOZAD

ro:

LECANENOW.

KAERAN`

PIRIAMO

GULF OF CHIALI

SHANTUNG

CHIHLI (Hopeh)

RAILWAYS

ROADS

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

'Penang' Bourly

Banyoon Swato

sydney

Branches and Agencies;--

Amey

Kowlo

BATAVIA Bomba

London

Manits

Cakutia Kolbourne

Balgon San Fran Talhoku

Carlan

Haiphong

New York

Hankow

Usaka

Koopluts Paria

Kuba

"Parplug

Nagasaki

Tlectala Tokya

Jekiti Bemarmol VanDouvar Shanghai Yokohamx

akpure

SAIGON

AGENCIES AND BRANCHES! ALOR STAR ILOILO AMBITHAR IPOB BANGKOK

TAVIA

KARACHI

ILANG

BEMARANG

KEREMBAN

KHANGHAI

SINGAPORE

· BITIAWAN

LUMNUR

KORE ITALA

BOMBAY

CALCUTTA CANTON LAWNFORK Char

MADRAS

COLOMBO MANILA DELHI

KUCHING

MEDAN HAIPHONG NEW YORK HAMBURG

BOURABAYA TAIPING

TIROTRIN

TONGKAN

(Bhuket)

TRINGTAO

TOKOHAMA

PRIPINO HAS KUW (Peking) DOAN CA AKERIN ⚫ PENANG.

HONG KONG BANGUON

FOREIGN EXCHANGE and General Banking Business transacted,

COBBEST ACCOUNTS opened and" FIXED DEPOSITS received for Ond Year or shorter periods at rater which will he quoted on applica tion.

The Bank's Head Office in Loo don undertakes Executor & Trusten business, and claims recovery of British Income Tax overpaid, on tertas which may be ascertained as any of the Agencies and Branches

R. W. ROBERTS,

Manager.

11

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

AD American Bank offering oom. plete Foreign Banking Service in the principai Markets of the world. interest Rates on Application.

14

SAFE DEPOSIT BOXES

This Brok 18 entirely owned by THE CHASE NATIONAL BANE, NEW You, with Resources over U. $2,500,000,000.

D. M. BIGGAR,

Manager

THE YOKOHAMA SPECIE BANK

LIMITED

Capital (fully paid up)

Yen 100,000,000 € Beserve Fund... Yen 134,400,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT """ Alexandria Honolulu Rangoon Bangkok Hainking Rio do

Karachi. Jaaciro Kobe SLA London.

Batavia

Rerlin

Bombay Calcutta Cantou Dairen

Los Angeles Seattle

Manila

Moji

Francisco

Semarang Shanghai

(Dalny) Nagasaki Singapore Pengtien Nagoya Soerabaya

(Mukden) New York Sydney

Hamburg Osaka Tientain

Haukow Otaru

Harbia" Paris

Ilong KongPeiping

Tokyo

Tsingtao Yinkow

Interest allowed on Current Ac- CLUBNÍK,

Every description of Banking Periods at rates to be obtained on Deposits received for " Fixed

aud Exchange business transacted. Loans grunted сп approved securities.

in

application,

Y. KANO,

Manager.

JAPANESE MAKE

Currest Accounts opened in Hong Kong, 11th Sept., 1937. Local Currency and Fixed De- posite received for one year or Chorter periods Loca! And

Foreign Currencies on terms which. will be quoted on spplication. Safe Deposit Boxes To Let.

KAN TONG PO.

Chief Manager.

REFERRED TO COMMITTÉE

China's Appeal To League Of Nations

Geneva, Bept. 17.

Į

The League Council, at a private session, decided to refer the Chi- nese appeal to an Advisory Com- nittee of 23 to be convened early next week.

The decision to refer the Chinese sppeal to the Committee of 23 18 a more elastic procedure than if the question had been considered by the Council.

LITTLE ADVANCE

Felping, Sept. 16. The Japanese report a slight advance on their left flank which atretches within 30 miles of Tien- tain, but it appears that Chinese resistance here is very stubborn, having up to the present delayed the realisation of the Japanese objective of encircing to Chinese troops. The gains from the Japan- ese drive to the south from Liang- listang along the railway zone were also very small.

Although Fangshan and "the nearby mountains west of the river are claimed to have been occupled, the Chinese are still holding the foothills and village east of Fang- shan, The Japanese, however, as- sert that the capture of tite moun- tains will give them a good com- Dr. Wellington Koo accepted the mand of the road to the south, proposal subject to the reservation behind the foothills, facilitating that if any occasion arose he movements round the Chinese claimed the right to refer the positions in Laulinho, and the matter back to the Council and Japanese predict that the fall ör retain all his rights under Article Liuiihi and Chochow are im- Beventeen of the Covenant.--

Reuter.

minent.-

Reuter