1937-10-04 — Page 12

72

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Baye

Ballara

Balco Narimat

Sharebrokers'

SATURDAY, OCTOBER, 2.

Association

Bayar

Bailers

$1,070

143

!!!

$2.05 $2.10

30

$1,570

£13 £33

130

14

-

-

127

713

Banka

Do.

H. K. Bauks

Do. (London) ... Chartered Banks ...

Marcantile Øks. "A"

3"

Bank of East Asia.....) N. U. & S. Barks' ...)

Insurance $275 Canton lusaTA SOON...

1265

#48)

Union Insuranovs ...) 3535

Underwriters

4.K. Fires.....................

Laterantional Ausca, d..

Stag10 1465

Indo-China's (pref.)

Shipping

Doagtamen

Do. (def.)

1/

Shelle

19.30

Waterboats

Mining

10/8

Kailang,

15

!!! #fil⠀⠀

Balan Sumloa

E

2134

HONG KONG DAILY PRESS, MONDAY, OCTOBER 4, 1937.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS

FIELD EXPERIMENTS WITH

"RUBBER TREES

An highly Interesting lecture was given at the annual conference of the Incorporated Society of Plan- ters in Kuala Lumpur by Mr. H. J. Page. M.B.E, B.SC., FIG., FLR. . Director of the Rubber Research Institute of Malaya.

Mr. Page sald. In past:

Let us examine the factors re- sponsible for variation in field ex-

Saturday, Oct. 2. Silver prices were unchanged $1,650 yesterday, the quotations remain

ing at 19 13/16 for Ready and 19 11/16 for Forward. Sliver advices reported India as having sold and America bought. The market was steady, After the official fixing prices were unchanged with Ame- rica: as

a buyer but sellers were reserved. American Silver

the first place there is the variation different Infertility" between quoted at 44 for Spot.

The London/New York cross-plots of land. In a properly-design- rate was quoted at 495.22. Newed experiment. this is the biggest York: London was quoted at 495.- source of variation. 7/15.

B151 191 $2

BRAS

34 1275

3481

$10

501 $43

$9.30

16/8

$10

ri

-

i !!

$LIB

-

2.071/2.10

$113

10 ct

$6.30/3,35

$100

Venozuota Gold Flde:} $4.30

Docks, Wharves,

Godawas, etc.

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

Do. (new) 40 H.K. W. Docks Slagnai Docks S. New Engineerings 8. Lands, Hotels, and Buildings

H.K. Hotela

H.K Land........... Do. 4% Debentures Shanghai Land..... Metropolitan Lands,

12+

$43

$4.70

̇

$84

$108 13..

$5.40 $39 3102

H.K. Realties......... Chinn Du - Si

84.70

Do. Debenture:S.

Humphroya

18

THE

Chinese Estates............

Colton MLS

S'ha Cottons(old).

10. | {new.]

Zoong Sings .....5.

Winz Ou Textiles(S.)

Ewo Cotton Bts. S.

Public Utilities

Tramways

Poak Tram (old).....|. 30)

Saudakan Liglite...

Telophones (old) ...

Do.

"China Buses ..............5..

(new)

$13

MARKET

W1.5

Dull with no business passing. STERLING

periments with rubber trees. In

Even the most uniform looking area of land may possess quite big variations from one Place to another. Even If the surface soll is quite fat and apparently uni- There were were sellers at 1/3 form, there may be invisible di- October/January and 1/2 31/32

fferences in the nature and depth February,

buyers at 1/3 1/32

of the subsoil. October/January and 1/3, Feb-

ruary.

U.S. DOLLARS

The sporadic occurrence of 3 hard pan, at varying depths, is a special case of this, and instances often occur in which the existence. of such a hard pan is first dis-

sickly growth of trees in patches.

Added to these inherent varia- tions in the soll, are variations in the rubber trees. By choosing plots of the size of a task, with over 200 trees, the effect of the large tree-to-tree variability, which oc- curs especially with seedling rub- ber, is largely eliminated; and differences in age or origin of trees should always be avoided by choos-

ing an area which was all planted

at the same time with uniform material (except of course in an experiment for the comparison of different sorts of planting mate- rial),

There stl remain the effects of uneven attack by pesta and diseases. of differences in tapping history or in average height of tapping. whilst there is also the possibility of lack of uniformity in the conduct of the experiment and in the collection of the results. UNCONTROLLABLE VARIATION

There were sellers at 31 October. 30 15/18 November/December and 301 January. buyers at 31 1/16 Cash/November, 31 December and i covered only as a result of pou: slight and sometimes be large.

probably 30 15/18 January.

SHANGHAI DOLLARS Sellers at 1041, for-Spot.

SHANGHAI MARKET Sterling opened with sellaws at 1/2 21/64 buyers at 1/2 23/64 for Spot. Later the selling rate re- ceded to 1/2 5/16, buyers at 1/2 for Spot, U.S. Dollars opened with sellers at 29/32 buyers at 29 21/32 for Spot. Later advice reported sellers at 29 9/16, buyers at 299 for Spot.

$13

190..

$34

H.

K. STOCK EXCHANGE

OFFICIAL QUOTATIONS

The market was quiet and dull.

BUYERS

Hong Kong Bank, $1570. Canton Insurance, ̈$525. Indo-China (Pre), $51. Indo-China (Def), $43. Providents. (Old), $2.05. H.K. Lands, $30.

Do.

(new)... 193

SATURDAY'S

Star Ferries

$83

$12)

Yaumati Ferrics... $294

$10.80

China Lights (old)... 110,90

411

Do. (new)...

$10.40

1648/55

H.K. Electrice ......

649/66

316

Macao do.

$144

195

$25

18t

8.10

23/9

Tractions

E4/6

3.

Do. (prof.)......

Industriala

Caldbeck, Ford,1,2,

Mnagragors fipref 18.

$100

Canton Ice

42

$12

Current

$12.85

Hope radio

$+

Sidh

10

$1.60

1.00

50

Miscellaneous

Dairy Fartu....

Ch. Etainmcate. 3.HU

Construction, (old}}

Do.

(new) 11

Lane Crawforda.......

Sinceres

Watsona

Cu.G.5% 1&25€. Bda

:1.60

Peak Trams (Old), $5. Peak Trams (New), $24. Star Ferries, $79.

H.K. Electrica, $54.

H.K. Steamboats $10. Providents, (Old), $2,10.. Wallace Harpers, $5.

H.K. Ropes, $31.

$241

$8.80

Wm. Powell, $0.40. Vibro Piling, $41. Marsmans (H.K.), 3/3d.

SELLERS

Nanyang Tobacco...

$41

S. C. Enterprises....

81%.

pren.

prem 2

11 K. (loru. 4% Lones

Do.

B6% $1084

い 31

31011 3102

***

TG

Wallace Harper

• la*

$50

H.K Wing On...

B'bai Do

$50

22/6

Marsmans liv. (Lon.)

33

(H.K)

Vibro Piling #4

Wm. Powells

Sales to Shingbai

EXCHANGE RATES

(British Wireless Service)

LONDON

Paris ....

Geneva

Berlin

Athens

Sept. 30 144-37/64

1.551

12.337

Oct 2 141-11/18 21.571 12.347

Milan

918

914

Copenhagen

Stockholm

Shanghaf

New York

4.95$

4.95-9/16

Amsterdam

8.851

Vienna

Prague

Madrid

Lisbon

Hong Kong

Bombay

Montreal..

4.951

29.403

4.95-9/16" 29.42

Yokohama

Belgrade

Monte Video

Rio

Bucharest

Silver. (Forward)

Brussels

Silver (Spot) War Loan

19-11/16 19-13/16 -31% 100

Closing Quotations

October 2, 1937.

On LONDON!

Telegraphic Transtor...

Bank Billa, on demand }1:27

Oredits: four months'

sight

ON SHANGHAI : ****

*1/*

ON NEW YORK:-

19-13/16 191

43 cu,

SALES

Hong Kong Bank, $1570. Bank of East Asia, $90. H.K. & W. Wharves, $27. H. & S. Hotels, $5.30/5.25 H.K. Tramways. $13.

H.K. Electrics, $542/55. Cements, $12

UNIFORM TOF SOIL Moreover, an apparently uniform top soil of uniform depth, may yet hide differences in fertility througn differences in the pre- vious cropping history of the area;

a

part may have been heavily depleted of available plant food by previous cropping with. say tapioca.

On many estates it is practically impossible to and any level areas of land, and experimental areas have to be on hillsides, with con- siderable differences in the soll. and in conditions such as drainage. between the higher and the lower land.

FRENCH BUDGET

Bright Prospects –

Paris, Oct. 2.

The finance commission of the Champer of Deputies met yester day for the first time since the parliamentary beginning of the recess. in order prepare the Budget for 1938.

to

Whereas former Goverments often found difficulty in communt-

their cating betimes

budgetary estimates to the commission, the Finance Minister, M. Georges Bonnet, has already not only work; ed out the details of the estimates but has taken measures to balance the Budget.

די

|

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

AUSTRALIA AND CHINA Incorporatedsby Rayal Chartår 1953

HEAD OFFICE: LONDON: 38. Bishopsgate EC.2.

......£6,500,000

.....$10,000,000 Paid-up Capital,

Kederva Fund Reserve Liability of Pro- prietors

Hong Kong Currency

Reserve Reserve Liability of

Proprietors...

..$20,000,000

Head Office:HONG KONG

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

Ron Mr. M. T. Johnson,

Chairman.

Deputy ChaiFUN.

J. K. Bousieid, Esq., A. H. Compton, Esq.. S. H. Dodwell, Esq., J. R. Maxsyo, Esq. K. S. Morrison, Esq. Hon. Mr. J. J. Paterson, T. E Pearce, Esq., A L. Shields, Esq., Sir Vandeleur M. Grayburn,

Chief Manager.

The uncontrollable variation due to differences in soil and subsoli.— | Amog or "soil beterogeneity" as it is Bangkok

Batavia usually called.-will. sometimes be

Bombay whilst the other factors instanced

Calcutta Canton Chefoc

above will similarly differ in their

incidence from place to place and time to time,

Thus the sum total of the effects of all these factors, as refected in the growth or yield bata obtained from the plots, will also vary between wide limits, as shown by the examples before you on the diagrams, where in some casca the yields show a very satisfactory approach to uniformity, as between different plots, whilst in other cases the differences may

ពង much

25 per cent. The important point is that you can never be sure beforehand what the position is.

£LS

GOLD RUSH IN

LONDON

Continent Nervous

be

London, Oct. 2. Nervous about the outrage of to- day's French Cabinet meeting at Rambouillet, the Continent rushed to buy gold in London.

Offerings amounting to £715000 "were quite insufficient to meet the demand and buying orders were consequently rationed to about 60 | per cent. within the next half hour, however, the authorities let buyers have the remaining 40 per cent. at the fixed rate of 140s. 6d.

Colombo

Branches:- Lule.. Peiping

Penang Rangoon Saigon

Ipoh

Johore

Kobe Kowloon. Sau Fran- Kuala

cisco

Lumpur Shanghai London Singapore Lyons Sourabaya

Dairen

Malacca Sungei Foochow Haiphong Manila Pateni Hamburg Muar Tientsin Hankow (Johore) Tokyo. Harbin Mukden Tsingtao Hongkew

New York, Yokohama

Current Accounts

opened in Local Currency and Fixed-Deposits received for one year or shorter geriods in Local Currener 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, 1837,-

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 & SHANGHAT

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, lat March, 1937.

BANK OF EAST ASIA, LIMITED.

£3.000.000 £3.000.000

£3.000.000

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

ILOILO

AGENCIES AND BRANCHES: ALOR STAN AMRITSAR BANGEDE

ZÜRK KUALA

RAIGON BEMARANG

BATAVIA BOMBAY

CALCUTTA CANTON CAWNPORE (108

IPOR KARACHI KLANG ..

LUMPUR

SEXAMBAN BEHANGHAI SINGAPORE HITIAWAN BOUHIDAYA

SUCHING

TAIPINO

MADRAS

TERITTEN

COLOMBO DILHI

MANILA

TONGKAH

MIDAN

HAIPHONG

NEW, TOKE

TINGTAD

HAYBURG

PHIPING

HANICW

HARBIN

(Bhuket)

TOKOHAMA

(Peking) saÓŁMGA PENANG

HONO RONG KANGOON

FOREIGN EXCHANGE and General Banking Business transacted",

CORRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods, at rates which will be quoted on applica tion.

The Bank's Head Offies in Lon doo undertakes Executor & Truste business, and clafins 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 STREIT,

NEW YORK.

An American Bank offering com- plate Foreign Banking Service In the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHABE NATIONAL BANK, NI

Yoag, with Resources over. U.B. $2,500,000,000,

D. M. BIGGER,

Manager.

•

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

6,598,800 00 Reserve and Undivided

Profits

4,776,726.76 TIE YOKOHAMA SPECIE BANK

HEAD OFFICE:-HONG KONG

Board of Directors:— Li Koon Chun, Esq. Li Lan Bang, Esq. Sir Shousca Chow, Chairman

P. K. Kwok, sq. Wong Chußen, Kaq Wong YunTong, Esq. Kan Ying Po, Eng. Chan Ching Shek. Fung Ping Wah, Esq

LIMITED

Ir

Yen 100,000.000*(** Reserve Fund... Yen 134,400,000.00

The demand persisted through- No. 10, Des Voeux Road, Central. Capital (fully paid up) Over and beyond this, the Minis-out the morning and about £250.- ter has secured a surplus of 1.8 000 changed hands at 1403. 64d. milliard francs, of which he pro- The price now is 1409: 74: which is poses to apply 1,000,000,000 francs 34 pence over the dollar parity. to increasing salaries of State After opening at 144.50 the franc functionaries and the remaining quickly weakened to 149 at which sum for national defence..

the French authorities Intervened, bringing about a small recovery. The franc then fell to 152 to the pound sterling the authorities-in tervening spasmodically on a small scale.

The question of State salaries is likely to play an important part. In the coming cantonal elections. EXCHANGE CONTROL DENIED

A report that M. Bonnet intends to establish control of exchange is

Esq.

Kan Tong Pu, Bay, Chief Manugur. Li Tse Fong, Esq., Manager.

Branches and Agencies;—

Poneng Kawldou

HEAD OFFICE:-YOKOHAMA -

BRANCHES AND AGENCIES AT Alexandria Honolulu Hangoon Bangkok Hainking Rio do Batavia Karachi Janeiro Berlin Kobe San Bombay London Francisco Calcutta. Los Angeles Seattle

1

Amor

Bourabaya

Canton Manila Samarang!

Batavia

Dairen

Bombay.. Calcotia Cantun

Bydney

Moji

Shanghai

Melbourne

Talhoku

(Dalny) Nagasaki

Singapore

Haiphong

Magma New York

cles Tintain

Baskow

naka

MOMENTOUS MEETING

Paris, Oct. 2.

Honolulu Koba

Paris

Palplig

secti Semarang) Shangha Tokobant

ngapore

Fengtion Nagoya

Soerabaya

(Mukdes) New York

Sydney

Hamburg Osaka

Tientsin

Hankow

Otaru.

Tokyo

Harbin Paris

Tsingtao

Hong Kong Peiping

Yinkow

spproved

Interest allowed on Current A counts.

The wideness of the movements

FREER "WORLD TRADE emphatically denied, it being state of the rates was out of all propor-

M.

t'on to the volume of business which was very small.— Reuter.

be

Loodon

Manila

Baugoots SWLLOW Bulgen

15. Pran-

Tokyo TEBOOKY

ed that this would be contrary to Geneva, Oct. 3.

the agreement with Britain and The second League sub-com-the United States. mittee for economic questions hav- The Finance Minister, Ing concluded its work for the Georges Bonnet, announced yes-

A most momentous meeting of Every description of Banking current year, published Its Anal terday that consolidation of the M. Camille Chautemps Cabinet and Exchange business transacted. Report to-day.

Loans granted on 1934 issue of Treasury Bonds, fall-this morning discussed the defence

securities. ing due on October 5, had turned of the franc. As far as can out a complete success.

gathered there will be no control The entire 5.4 milliard francs worth of Treasury Bonds now about to be redeemed are com- pletely covered, so that it will not be necessary to have recourse to the Treasury.

The Report makes a reference to the mission of the Belgian Premler, M. Paul van Zeeland, for establishing freer world trade, ›

This mission, as well as the Inquiry into the problems of raw material distribution, has not yet been completed.

The Report also contains an ap- peal for international co-operation in the economic and monetary do- main, but fails to put forward any concrete proposals for attainment of this end.---

Transocean News Service

ART TREASURES FROM SPAIN

Paris, Oct 2. A British steamer which arrived at Le Havre from Gijon yesterday had on board eighty tons of palat Ings and other objects d'art from Spain.

or exchange but the Bank of France may be given greater au- thority over other banks. It seems the 40-hour week will be stretched to a five and a half day week- Reuter.

M. Bonnet also announced that July and August had seen restora- respect to revenue and expendi tion of budgetary equilibrium with ture. Transocean.

יד

PHILIPPINE MINING NEWS

The vessel is also reported to Bank Bills on demand 2011/16 have been carrying gold and silver the granting of license to these Credits, 60 days' sight. 31'3/10

ON PAKIST~~

Credits, 4 month's sight 960

On Baravia:-

On demand

55 5/16

Bank Bills, on demand 89′′

On Demand

1021

ON SAIGON :----

ON SINGAPOR ---

On demand art prin

·JAPAN! ----

92

On der and

ON BANGKOK:

On demand munamun 108

¤ INDIA ----

Telegraphic Transfar..

dank, on demand...................

On demand................. 851

ON MANILA: 13

Op demand kim mol. 14 SOVEREIGNS Bank Baying

Rate

1/31/16

"Bar Silver, der ca. some 19 18/16

bullion.

Transocean. News Service.

Current Accounts opened in Deposits. received. for Fixed Local Currency and Fixed De Periods at rates to be obtained on posits received for one year or application, shorter periods in Local and

Y, KANO, Foreign Currencies op teams which

Manager. will be quoted on application.

Hong Kong, 11th Sept, 1937, Safe Deposit Boxes To Let

KAN TONG PO.

Ohief Hanager.

Egypt To Construct Munitions Factory

Cairo, Oct. 3. The parliamentary finance com- !". mission has granted the request of

of 3000 men.

Transocean News Servic

GOVERNMENT'S FIRM STAND

General Relief In Jerusalem

Jerusalem, Oct. 3.

authorities' unexpected measures.

SECURITIES AND EXCHANGE grab sample from one outcrop, the Egyptian War Office for a commission is about to act on the containing gray quartz and man-spectal credit of £ E 1,000,000 to be The Government's action on the

sell gancae, assayed P4.76. A application for permit to

grap applied to construction of a mount whole has given rise to a general securities filed by Low Defensores sample from the other outcrop tlong factory near Cairo,

feeling of relief though some cir- de la Libertad, Inc., Toledo Gold assayed P3.57 per ton.

Other uses of the grant will be cles point gloomily to the possibility Mine Association, and Central The Liita tunnel is now 31 feet purchase of air force planes and of serious repercussions in Pales- Luzon Copperfields, Inc. Any per- long, and the objective should be establishment of an army reserve time and the neighbouring coun

have objection to reached within 50 feet, cutting the son who may

tries. Among the arabs Bo" de- vein at an estimated depth of 60

Anite reaction is yet noticeable. companies may file his objection in feet, Samples from the Lia out-

They appear to be stunned by the writing with the commission as erop ran from P14.28 to P20.13. soon as possible, preferably on or before October 2, 1937.

and is advancing in soft material! MINDANAO HAMAMALI Mines. | The outcrop is weathered quartz in Inc. 18 continuing its prospecting a black limestone: Assays have The total amount applied for in Patong Pelipit Creek, according to a shown as high as P13,09, tenders for £50,000,000 Treasury report made by Walter J. Eaton,' | Prospecting trails are being Bille was £84,285,000. The aver-chief engineer of Alvir and Com- | bullt, and a working map locating of two shillinga weekly in the wages age rate per cent. for bills at 3 pany, managers of the company. tunnels, ontcrops, trails and camps. of apprentices in the Manchester tices Union as a body capable to months was 10/9.020 against Float found in this area led to is being prepared. A new tempor- district who recently struck a negotiate on the apprentices be- 9/10.83d a week agu.-

are outcrops which being ary camp will be built on Pellplt three-shilling increase. The ques- half was not considered.- opened for proper sampling, A Creek for prospecting this area. tion of recognitión of the Appren- Reuter.

TREASURY BILLS

British Wireless.

two

The Miami tunnel is in 76 feet.

WAGE INCREASE FOR APPRENTICES

London, Oct. 3.

The Engineering Works Owners Association has offered, an increase

Jaffa: A General Arab strike is threatened in Jaffa to-day. Feel- ings were running High here yester day but no incidents occurred.

uter.

||