1937-10-20 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers'

Association

Варати

Belleza

Mainy ¡NAMIDA

TUESDAY, OCTOBER. 19.

Sellers

| Hygro

Major

Banks

H.K. Bat. 1,560

Do. (London) ***

Mercantile Bks. "A"

Du.

"C

Bank of Buat Asia...

HONG KONG

DAILY PRESS

THE EXCHANGE MARKET

MESSRS. KOZA BROS

The price for Reddy Silver roso 1/16 yesterday but the Forward rate was unchanged, the quota- tions being 20 and 19 7/8 respec- tively. Silver advices" reported no

York cros The London-New rate was quoted at 495.78 New York-London was quoted at 495.-

MARKET

$1,555)

Chartered Banks ...

£33,

EIL

350

34

£90 2134 £33) BID 100

N. C. & S. Back...

32

Insurances

special feature. A small business was done. The market was steady but Idle. American" Sliver WRA quoted at 44 3/4 for Spot.

$25

Canton last27% 18.4%,

3RAC

$521

Union Insuraudes...

1523) o d

$12

Underwrite

12

H.8. Fires.

$230

3/4

International Assen, 4,

Shipping

Quiet.

#48) | Douglav83

19

Steambts

1483 101

Indo-Chinas (pref.)

$43

Do.

(def.)

351 *43

100/7

Shells

19.30

Waterhosta

Mining

14/-

Kailans

IV-

19

$5

Venezuela Gold Fida.

Docks, Wha1766,

Godowns, etc.

114

$12

12

30 cts.

126

་;

H.K. & K. Whacres. Provulents (obi) ... $3

Do. (DOW)

1.K.&W Docks

Slingual Docks S.

New Edgineriaus S.

STERLING

There were sellers at 1/3 for cear and forward, buyers at 1/3 100/71/32 Cash-December and probably 19.30 1/3 January.

126

100

13

Lands, Botels, and

Buildings

36

H.K. Hotels *** $5.05

1291

H.K Lands 19

$100

Du. 4% Debenturòs)

1102

Shanghai Landa...S.

Metropolitsu Lands..

74.6

181

en

37

$10.80)

H.K. Roaltie9......................

China Do S

Humphry

Chines Estates......

Do. Dabaturous,

$81

$82

Cotton Mills

Ewes ......S. Sha Cottons(old)S.

Du

Zoung Sings ...

Wing On Textiles(S.))

Bwn Cotton Rts. 8.

Pablic Utilities

113) Tramways remake

Poak Tesna (old).....j 501

$13

190

934

140

$13.20

Da

(new... 19.60

170

Star Ferries

180

$22

Yanati Ferrias...

$23

China Lights (old)...| $10.65]

Ich

Do. (osw)....

#101

#522

H.K. Electrice ...............

8021

Ste

Macho do

3:43

Sandakan Lights ....-¡

#241

18

24/6

$8

324.40

$1.00 $1,00

$4.50

43

Paris

$241

LLI:

1942 Telephones (old) ....

Do. (LOW)...

China Buses...

23/9 Tractions

$100

Do. (prof.).....

Industrials

Caldbeck, onD) S.

Macgregors fponf.18.

Canton Icas

12.10 Cemonts

$3.8

Rupes... ......

Miscellaneutis

Dairy Farmsen Ch. Etainments... 34. I Constractions, (old)

Do.

18 Lane Crawfordv................ |

Nanyang TobaccIA..

Sincares

Watsons'

S. C. Enterprises

o.G.641925G.Biz.)

1.5, Govn 4% Loans

Do.

Wallace Harper

H.K Wing Ou

S'bai Do

Vibra Piling

8Maramanı { v (Lon.)

4/9d.

LONDON

Wm. Toweli

(ILK.)

#Holes to Sh nghsi

EXCHANGE RATES

(British Wireless Service)

$4

pren. 7 pr-01.

$49

31%

5122

54

US. DOLLARS

There were sellers at 31 Octo- ber-November and 3015/18 Decem- ber-January, buyers at 31 1/16 Cash-November and 31 December- January.

SHANGHAI DOLLARS Selliers at 103 1/8. buyers at 105 5/16 for Spot...

SHANGHAI MARKET

There were sellers of Sterling at 1/2 17/64 for Spot, buyers at 1/2 9/32. U.S. Dollars, sellers at 29

1/2, buyers at 20 17/32 for Spot. Quiet but steady.

IN THE AFTERNOON The market continued duti

the afternoon.

STERLING

The market closed with sellers at 1/3 for near and Forward, buy ers at 1/3 1/32 Cash-December and possibly 1/3 January.

U.S. DOLLARS

ore.

WEDNESDAY, OCTOBER 20,

PHILIPPINE MINING

tons

NEWS

*

1937.

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital ... 850,000,000 & Fully Paid-Up $20,000,000$ Reserve Funds:--

Starling

£8,500,000

Hong Kong Currency

Reserva .......... Reserve Liability of

Proprietors

Suyoc-Bauko Mining Company,spection trip he will study also the Inc. is negotiating with D. B. canstructionl Qf a 150-foot plerasued Ambrosio and Company for the which was recommended by W. R. purchase of its manganese ore. Mester-and-M. P. Kroeger of the Ambrosio and Company is offering Philippine Prospecting Company who went to make an estimate of 25,000 to 50,000 tons of manganese to purchase from the Arm from

the ore, and the purchase of a motor launch for transporting the A. Gorospe Reyes, secretary-

more treasurer, said that

than ore in the pler.

3.000

for 13 ready

im Compania Minera De Filipinas mediate production. Mr Reyes made the largest shipment of declared that plans to increase manganese ore in the Philippines the laborers are being considered recently. It was the Arst ship- by the company to rush the workment of the company, consisting so that the first shipment will start of 2,150 tons of high grade ore In December,

from its property in Barrio, Mal-

Coron, bato.

Busuanga Island. Pilawan. The ore was shipped aboard ss. Akibasan Maru whten sailed from Busuanga Island to Japan.

Ralph G. Hawkins, former sports writer, and now general manager, left for the property last week to inspect the progress of the work In connection with his in-

done.

SWEDISH ORE SUPPLIES

Grangesberg's Big

Extensión

The Grangesberg Company, the

יך

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA Incorporated by Royal Charter 1933

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

2009 £1.800.000 £3,000,000

53.600.000

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

Reserve Fund .$20,000,000 | Rosarva Liability of Pro-

prietor

MANCHESTER BRANCH: 71, Mosley Street, Manchester.

Chairman.

Head Ofce:-HONG KONG

Board of Directors. G. Miskin, Esq.,

Hon. Mr. M. T. Johnson,

"J. E: Bousfeld," Esq.,

A. H. Compton, Esq., S. H. Dodwell, Esq.,

Deputy Chairman.

J. R. Masson, Esq.,

Hon. Mr. J. J. Paterson,

K. S. Morrison, Esq.,

T. E. Pearce, Esq.,

A. L. Shields, Esq.,

Sir Yandeleur M. Graybara,

Chief Manager.

ASPRO EARNS MORE

Profits £11,600 Higher Bombay At £292,900- Canton

A rise in profits for the year

big Swedish iron-ore undertaking. | ended June 30, 1937, of £11,593 to

to

intends to increase its Iron-ore

1.500 000 tons deliveries by

to England and by 500,000 tons Germany. At an average price of 15 kronor per ton this increases value of the company's cut- the put by 30 million kronor approxi- mately £1.580,000).

This increase necessitates the revision of the agreement between

292.913 Is reported by Aspro, Ltd. The previous trading period, how- ever, was from the date of incor- poration. May 20, 1935, to June 30, 1936.

Depreciation absorbed £2,362, against £2,598, and after contri- buting £1,283 to the pension fund and deducting directors' fees, there remains a balance of £288,675,

makes a total of £289,258.

The market closed with sellers the State and the Grangesbers which with £10,583 brought in

at 31 October-November and 20 15/16 December-January, buyers at 31 1/16 Cash-November and 31 December-January,

H. K. STOCK EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

steady The market continued and rates improved slightly all round.

BUYERS

H.K. Bank, $1560.

Indo-Chinas (Pret), $51.

Indo-Chinas (Det.). $43.

HK. & H. Wharves, $110.

Providents (Old), $2.

H. & S. Hotels, $5.

HK. Lands, $297.

H.K. Tramways, $131.

(new) $1

.34

Peak Trams. $6.

10

$3,90

$1.

80%

$107

$102

Oct. 16

147-9/32.

21.55+

Oct; 18 148-41/64

21.55. 12.344

Genera

Berila

12.35

Athens

Milan

941

041

Copenhagen

Stockholm

Shanghai

New York

Amsterdam

Vienna Prague

· Madrid"..

Hong Kong

Lisbon

Bombay

Montreal

Brussels

Yokohama

Belgrade

Monte Video R10

Bucharest

Silver (Forward)

silver (Spot) War Loan

4.85-15/16 8.97

1/2-13/15 4.95-13/16

8.961

1419

4.-95-11/16

4.95)

29.43,

29.411

·192 19-15/16

19%

20

31%

Closing Quotations.

October 19, 1837.

Da London;

Telegraphic Transfer...

Bank Billa, on demand Orodita," four months'

sight

On New Fox:-

1 2 3 ⠀⠀

150

Bank Bills, on demand 8011/18 Credits, 00 days' night. 31 3/16

On Batavia:—

On demand........... 55 9/10.

ON PARIS;~~

Bank Bills, on demand 905 Oredits, 4 month's right 975

Peak Trams. (New). $3. China Lights (Old). $11.

China Lights (New), $10,60,

H.K. Electrics, $53. Telephones (Old), $241,

Telephones (New).$8. Cements, $12.10.

Dairy Farms, $24.80. Wm. Powell, Ltd.. 40 cts. Vibro Piling. $4.55.

SELLERS

H.K. "Steamboats, $9. H.K. & H. Wharves, $112. Providents (Old). 30 cts.

SALES

H.K. Electrics, $52/53. Dairy Farms, $241.

H.K.

SHAREBROKERS' ASSOCIATION

BUYERS

H.K, Docks, $263, Hotels, $5.10.

Trams, $13.15.

China Lights, $10.80 Electrics, $523. Telephones (Old), $24). Telephones (New), $81. Cements, $12. Dairy Farms, $24. Entertainments, $4.10. Constructions (Old), $ij. *Construction (New), 31.

Sinceres; $1.10

Watsons, $3.00. B.K. Marsman, 4/6.

SALES

Providents (Old), $2.05. Humphreys, $81. Trams, $13.20. Bagulo Child, 26 cta.

REICHSMARK

QUOTATIONS

Berlin, Oct. 18. The Reichsmark WES quoted, without guarantee, at:

1/3k

ON SHANGHAI:---

On Demand

1021

On Baldoor

New York, 40.17.

On demand...

201

Paris. 1191.on

ON SINGAPORE :-··

On demand

62)

On Manila:-

Amsterdam, 72.645.

On demand ........

ON JAPAN

OF BANGKOK :-~

On demand

100

Shar: Karpia :-

Telegraphic Transfer... ) 59

On demand. 149) BOTIELLONE Bank Buying

Babe

1/31/16 BAK BILVER. DIE OB vežimase 30

London, 12.347

Paris Sterling, 148.85 to 146.95. Paris US dollars, 29.625 to

29.545.-

Transocean News Service.

Company.

The Minister of Finarice, in an that lengthy Interview, admits discussions have taken place re- garding the increase in output of the northern mines, and that a Bill is being drafted purposely for the next session of the Riksdag in January.

has a Grangesberg Company paid-up capital of Kr. 119,000 000 in Kr. 100 shares. Of the total iron ore exported from all coun- tries of the world the company exports nearly half.

Shipments for August

were 1 231,000 tons, making the aggre- gate for the first 11 months of the current financial year 10.152.000 tons.

GERMAN-TURKISH TRADE

∙inany

*Ankara, Oct. 18. Exchange of goods between Ger- and Turkey has been steadily increasing for the past four years. Last year the turnover was higher than it has ever been previously, and during the current Turkey year German exports to and Türkish exports to Germany show still further increases.

year

As already arinouriced the dis- tribution for the year on the Or- dinary shares is raised 71 per cent, to 321 per cent, with 1 Anal dividend of 15 per cent a bonus of 7 per cent.

•

Amoy Bangkok Batavia

Branches:-- floilo Ipob Jobore

Paiping

Penang

Kangoon

Calcutta

Kobe Kowloon Kuala

Saigon San Fran-

CISCO

Chefoo

Lumpur Shanghai

Colombo

Dairen

London - Singapore Lyons

Sourabaya Foochow Malacca Sungai

Pataui Haiphong Manila

Tientsin Hamburg Muar

(Jobore) Tokyo Bankow Harbia Mukden Tsingtao Hongkaw New York Yokobama

opened in

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

Also up to date Safe Deposit Boxes in various sizes To Let Hong Kong, 18th May, 1837. BONG KONG SAVINGS BANK

Bank is conducted by the HE Business of the above

HONG KONG & SHANGHAI The directors also propose to th-BANKING CORPORATION, Rules crease the allocation to tax reserve may be obtained on application. from £65,374 to £75,000, while

For the Hoxa KONG & SHANGHAI £50,000 is again placed to general

BANKING CORPORATION. reserve. This

dividend year a

V. M. GRAYBURN, equalisation reserve is inaugurated'

Chief Manager. with an initial transfer of £20.000,

Hong Kong, ist March, 1937. which leaves £10,959 to be carried forward.

BANK OF EAST ASIA, LIMITED.

The authorised Bad issued capital of £1,000,000 is divided equally into 5 per Cent. Cumula-Authorised Capital ...$10,000,000.00 tive Preference shares and Or- Paid-up Capital dinary shares.

Reserve and Undivided

Profits

5,598,600 00

2,776,726.78

HEAD OFFICE:-HONG KONG

HIDING LACK OF No. 10, Des Voeux Road, Central.

ABILITY

Stockbroker's.

Moustache

Board of Directors":- Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan cong, Esq, P. K. Kwuk, sq. Wong Chuson, Esq. Wong Yun Tong, taq, Kan Ying Pu, Esq. Chan Ching Shak. Fung Ping Wah,

Esq „Esq.

Kan Tong Po, Esq., Chiaf Manzger. Li Tse Foog, Esq., Manager.

Branches and Agencies |--

Комод Paband

Disguises which inefficient men and women assume to conceal un- fitness for their work were descrl- bed by Mr. Alec Rodger, head of the Vocational Guidance Depart-Bumbay ment of the National Institute of Canton Industrial Psychology, addressing the Psychology Section at the Bri- tish Association meeting.

Kanoon

Balga

San Fran. alece aut

BALSTIN

Calenza

Haiphong

London

Manila

Malbourn

XMAXI

New York

Badkow LBERICA

loochain Paci

Bemarwagt Shanghal

Kabe

Peiping .: Despor

Surabaya

Batow

Sydney

Taitoko

Tieten

Toky

Vandonver

Yokohama

Germany is to-day Turkey's most important customer and supplier. Of Turkey's total exports for the 1936, approximately 3 per cent went to Germany. The United States, Turkey's nest important customer after Germany, absorbed 11.4 per cent, while Britain follow-

"A man may seek consciously or ed with 5.4 per cent. Italy with 3.7

Every description of Banking per

and cent, Russia Czecho- unconsciously," he said, "to dis and Exchange business transacted. on approved cent guise his unfitness for his work by Loans granted Slovakia each with 3.4 per and France with 3.2 per cent Of developing some more or less ap-securities. Turkey's total imports last year.propriate physical characteristic. Germany held pride of place with no less a share than 45 per cent.- Transocean News Servier

FAR EAST RUBBER POSITION

Current

Accounta

LIMITED

Capital (fully paid up)

Yen 100,000,000 OF Reserve Fund Yen 134,400,000.00

opened in "A young man I saw a short time Local Currency and Fixed De- ago, who had been attempting. posits received for one year or Local and very unwisely, to become a stock-shorter periods in broker. displayed such a galaxy of Foreign Currencies on terms which compensating characteristics as to will be quoted on application. Safe Deposit Boxes To Let. qualify him for a place in a text-

KAN TONG PO, book of psychology. He had cul-

Ohief Manager. tivated a marked swagger in his bearing, á hardness of facial ex- THE YOKOHAMA SFECIE BANK New York, Oct. 18.

pression, a brusqueness of speech, an ex- The weakness of the rubber cultured' accents and market is attributed to selling both cruciating loudness of voice. here and in London against "Yet all these things seemed to liberal Far Eastern öfferings, some pale into insignificance when of which were ordered and execut-contemplated the flerce military ed at the best prices. It is moustache...on his upper lip. I

HEAD OFFICE:—YOKOHAMA locally opined that the Far East hardly need add that he display- is pressing for rubber with a viewed excessive devotion to his school

BRANCHES ANd Agencira of testing consumers' attitude on tie. In ways such as these many

Alexandria Honolulu Bangool the theory that if no support 18 men and women endeavour-some-

Bangkok Hainking Bio do Karachi forthcoming it will tend to force times with moderate success-to Batavia

.Janeiro cover their occupational and other | Berlin Kobe

San prompt revision of the quota.-

weaknesses."

Francisso Heuter

Bombay London Authentic cases of intelligence | Calcutta Los Angeles Seattle development in adults were hardCanton Munila Semarang to And, and intelligence develop Dairen... Maji

Shanghai ment as a form of "compensation" (Dalny) Nagasaki Singapore Nagoya Sorrabaya for occupational unfitness, was Fengtion comparatively rare.

(Makden) New York Bydney

Tientsin Hamburg Osaka

Dart Tokyo Hankow Harbin Paris Tsingtao Yinkow Hong KongPeiping

U.S. BUDGET DEFICIT MOUNTS

New York, Oct. 18. Washington's estimated budget deficit for the current fiscal year is raised by 271 million dollars to 695 million in revised figures just issuda. President Roosevelt ex- plains that several factors have been responsible for the changes to the estimates drafted last Apri—' Reuter

A man's attainments sometimes provided evidence of his struggle to compensate for his occupational unfitness. The tendency of many people to collect degrees diplomas' was indicative of such a struggle.

and

Properly organised schemes for of sound vocational giving guidance to young people were urgently necessary.

Interest allowed on Current Ac counts.

Deposits received for Vized Periods at rates to be obtained or application,

Y. KANO,

Manager Hong Kong, 11th Sept., 1977.

AGENCIES AND BRANCHES: ALON STAR ILOILO AMRITSAR IPUB BANGKOK KARACHI

BAIGON SXMABANO

EKREMBAN

SATAVIA BOMBAY CALCUTTA

KLANG

CHANCHAL

CANTOX

КОПЕ KCALA

LUMPUR

BINGAPOR

BITIATAN

BOURABAYA

CAWNPORE KUCKING

TAIPING

EU

MADRAS

THERTEIX

COLOMBO

MANZEA

TONGKAN

DELHI

MEDAN

EAIPHONG

NEW YORK

TINGTAO

HAMBUNG

PRIPING

HANKOW

BARBIN

(Bhukes)

TOKOHAMA -

(Peking) <ADENCIAN GLA PENANG

HONG KONG BANGOUN

FOREIGN EXCHANGE and General Banking Business transacted,

CURRENT ACCOUNTS opened and FIXED LEPOSITA received, for One Year or shorter periods at rates which will be quoted on applica

tion.

The Bank's Head Office in Lon- doa undertakes Executor & Trustee 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 CHARI BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:'

18. PINE STRIFI,

NEW YORK.

An American Bank offering com- plate 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 BANK, NIV YORK, with Resources over U.S. $2,500,000,000.

D. M. BIGGAR,

Manager.

BANK OF COMMUNICATIONS ESTABLISHED 1908

CAPITAL RESERVE

Head Office:

$20,000,000 $8,900,000

14 The Band, Shanghai

Hongkong Office:

5 Ice House Street, Hong Kong

Over 130 Brunches throughout China Correspondents in all im- portant Cities of the World. We offer you quick, careful and friend- ly service, backed up by 30 years of experience in:

FIXED DEPOSITS

CHECKING ACCOUNTS FOREIGN EXCHANGE SAVINGS ACCOUNTS AND OTHER BANKING FACILITIES

T. N. LEE,

Manager..

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL" EXCHANGE

BANK

PAID-UP CAPITAL..340,000,000.00 /BRANCHES ALL OVER CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centros of the World, we are able to extand to our Clients special facilition for Domestic and Foreign Banking and Exchange.

Head Ufice: SHANGHAI

Hongkong Branch:

CANTON

4. QUEEN'S ROAD, C.

South China Officer:

KONGMOON TOISHAN KINGCHOW

SWATOW SHIUCHOW

We also handle the issue of Bonds

and other Public Funds of the Chinese Government both at Home" and Abroad.

SHOU J. CHEN

Manager.