1937-10-22 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Se

Sharebrokers'

Association

Nomal

THURSDAY. (OCTOBER, 21,

My Baller Wales

als

*mi î

Hanks

Lk.

$1,580

H.K. Banks

$1,580

Do. (London)

£95

213

Chartered Baüin ........

£13

Mercante Bus "A'

£33

$30

Bank of East Ant...

2151

$90

N. U. & S. Barks ...

$9

Insurances.

1939

Canton LustAPA.IO...

1950

1932

Union Insurance ...

1593

#1}

Undnewriters

Jill

.H.K. Fires...............

$930

International Assco, s.)

Shipping

3482

Douglaver

5481

19

Steambas

101

Indo-Chinas (prot).

$81

Do.

(def.)

43

8571

Shells....

19.10.

Waterponta

19.30

Mining

14/6

Kailan adament

14/

$9

Venezuum Gold Flds.

Docks, Wharves,

Godowns, etc.

H. K. & K. Wharves.

1111

$2.05

Providents (old) .....] $2,0?}]}

Do. (Dew) 50 rt 30 ata

281/26

H.K. & W. Docks #261

Shangusi Deck

S

$100

New Engiaserings

33

1:10

$2.06

ote.

30

131상

!!!!

15.10

48,005

303/30.40

1 ║(ዝ)

Lands, Hotels, anë

Bui dings

H.K. Hotels... HK Landa......

Do. 4% Dubentures Shanghai Lasis.... Metropolitan Lands.. H.K. Realties......... Chinx Don

320

*uce

15.10

3102

#4,60

Do. Debouturess.

Humphrey 181

5KS

Chinte Esta cəm......

Colton Mi

913

490

$34

140

Pabile Udillion

$13.35

Ewos

S'ha Cottonsfold.

Iku..

Zong Singe

(DOWS.

.......

Wing On Textiles(S.)

Ewo Cottou Ets. 8.

Tramways

Peak Traum (old).....) ***

Do. (DOW)... 3

Yaunati Ferries.

... 3221

China Lighte (old)..

D. (now)... 10)

H.K. Electri

Mac do.

Sandakan Ligüte .......

Do. (new)... 28.

$78

$18.35

fv

Star Ferrion

1191

4102

30%

...... 853

113

Telophonas told)... 21.60

China Buses........

1779

Tractions

Du. (pref.).....)

Caldbeck, Ford,

Macgregora prof:

1120

Canton Ices

$19.15

$12.12

Cemento

$12.20

$18

Rupee

$244

9241

$1.60

1100

點

414

Industrials

$241

Miscellaneous

Dairy Farms.

Ch. B'tainments. 34.15 Constructions, (old)

si

Do. (30 31

Lane Crawfordan.c...

Nanyang Tobacco...

Sincersa......$1.15

£4/6

HONG KONG DAILY PRESS FRIDAY, OCTOBER 22, 1937.

THE EXCHANGE WALL STREET REGAINS

MARKET

MESSRS. ROZA BROS

Sliver prices were unchanged yesterday the quotations remain- ing at 20 for Ready and 19 15/16 far Forward. Silver advices re-

small ported a

business. The market was stendy but duil American "Bilver was quoted at 44 3/4 for Spot.

The London-New York. cross- rate was quoted at 495.30. New York-London was quoted at- 495.– 9/16.

MARKET Extremely dull with no business passing.

STERLING

There were sellers at 1/3 for near and forward, buyers at 1/2 1/32 for any delivery. No business was reported.

U.S. DOLLARS There were sellers at 31 Octo- ber-November and 30 15/16 De

and cember-January,

probably February, buyers at 31 1/18 Cash- November and 31 December- February.

near

SHANGHAI DOLLARS A small business was reported at 105 3/16 for

delivery,

There

sellers at 105 1/8, were buyers probably at 105 -1/4 for Spot.

SHANGHAI MARKET There were sellers of Sterling at 1/2 17:54, buyers at 1/2 9/16 for Spot. U.S. Dollars, sellers at 29 1/2, buyers at 29" 17/32 for Spot.

IN THE AFTERNOON The market Was dull in the afternoon.

STERLING

The market closed with sellers at 1/3 October-February, buyers at 1/3 1/32 Cash-February.

U.S. DOLLARS

The market closed with sellers at 31 October-November and 30 15/16 December-January, buyers at 31 1/18 Cash-November and 31 December-February.

H. K. STOCK EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

Prices improved slightly in "a quiet market.

BUYERS HK. Banks, $1560. Indo-Chinus (Pref). $51. Indo-Chinas (Def.), $43. EK. & K. Wharves, $110. H.K. & W. Docks, $261. Providents (Old), $2.05. Providents '(New), 25 ets. H. & S. Hotels, $5.

14

Watsons

3. C. Enterprises

#1

C.G.5×1925. Bida,l

BE

prem

K. tort, Londa]

H.K. Lands, ·$30.40.

€107

Do. 31%

H.K. Tramways, $13,40.

$102

Wallace Harpor

Peak Trams (Old) || $7.

B.K Wing Oo

S'ha По

*50

|177) Maracans Ir v. (Len.))

40 cta.

Wa Powella....

(L.)

Paris

Geneva

Berlin

Athens

Vibre Piling $42

*Sales to Shanghai

LONDON EXCHANGE RATES

Milan

Copenhagen

Stockholm Shanghal New York

Amsterdam

Vienna

Prague

Madrid

Lisbon

Hong Kong

Bombay

Montreal..

Brussels Yokohama Belgrade Monte Video R10

Bucharest Silver Forward) Silver (Spot) War Loan

Du LONDON:-

(Bettlak Wireless Service)

Oct. 10

146-25/84 21.523 12.33

Oct. 20

146-13/32

21.501 12.334

94.3/16

1/2-5/16 4.95-7/16 8.951

4.95-9/16

142-9/18

4.95-3/16

29.381

4.951 29.36

19-15/18 20

31% 101-9/16.

Closing Quotations

Doober 21, 1937.

Telegraphio Transfer.

Bank Billa, on demand Oredite. four months'

aight

OK SHANGHAI 3 ------

On Demand

ON SINGLE:

On demand

OuJAFAR

On demand

Telegraphie

On New Yoxx ;-

19-15/16

20

31% 101-7/16.1

Bank Bills, on demand 2011/16 Credits, 60 days' sight, 31 3/18 ON BATAVIA

na 6/18

Bank Bills, on demand 96

Credits, month's sight 8575

Peak Trams (New), $31.

Y. Ferries, $234. China Lights (Old), $11.15. China Lights (New), $10,90. H.K. Electrics, $53. Macao Electrics, $16. Telephones (Old), $25. Telephones (New), $8.30. Cements, $121.

Dairy Farms" $244. Wm. Powell, Ltd., 40 cts. Vibro Piling, $8.

SELLERS

H. & S. Hotels, $5.10. Dairy Farms, $24.85,

SALES

HK Banks, $1570.

HK. & W. Docks, $284/261. Providents (Old), $2.05.

Providents (New), 30 cts. H. & B. Hotels, $5.05.

H.K. Lands. $301/30.40.

H.K. Tramways, $13.35/45.

A.K. Electrics, $531.

Cements, $121.

Dairy Farms, $24§.

H.K. SHAREBROKERS' ASSOCIATION

BUYERS

Providents (Old), $2.024. HK. Docks, $261.

Hotels, $5.

Lands, $304. Star Ferries, $781

China" Lights (Old), $11.10.. Telephones (Old), $247. Macao Electrics, $17. Entertainments, $4.15.

ITS POISE

SHARP RISE AFTER SLUMP

il

NEW YORK, OCT. 20. WALL STREET TO-DAY TOUGHED THE OTHER EXTREME AFTER YESTERDAY'S SLUMP AND CLOSED VERY STRONGLY. GAINS IN SECURITIES AND BRITISH INTEREST RANGED FROM ANYTHING UP TO TEN DOLLARS. ALL GROUPS PAR- TICIPATING IN THE ADVANCE THE CONSENSUS OF OPINION IS THAT THE MARKET HAS NOW REGAINED ITS POISE.

་

Brokers and other investment sources were flooded with in- quiries regarding possible, purchases and it is apparent that even the mari in the street realised that some of the knockdown prices prevailing have been more than discounted by the very pessimistic opinions regarding the general business outlook.

Prices to-day rose one to four, or more points, some of the prominent issues rising as much as five to eight points. Trading. while not so heavy as yesterday. totalled 4340,000 shares.-- Reuter

Washington. Oct. 20: Despite the President's "hands of policy | in, refusing to comment on the Wall Street break, it is indicated that President Roosevelt 13 seriously considering the matter.

Government Concern

|

זן

days and agrees with the Adni!rils- tration's intention to do nothing at the moment.--- Reuter..

BANKS

HONG KONG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital

$50,000,000

Issued & Fally Paid-Up: $20,000,000

Reserve Funds:

Sterling

Hong Kong Currency

Reserved L Reserve Liability of

Proprietors

£6,500,000

AUSTRALIA AND CHINA Incorporated by Royal Charten 1853

HEAD. OFFICE: LONDON: 38. Bishopsgate EC.1

$10,000,000 | Pardium Capital.

£3.000.000

- £3.000.000

£3,250,000

Reserve Fund ........ $20,000,000 Reserve Lability of Pro.

priators...

MANCHESTER BRANCH:

Head Offco:-HONG KONG

Board of Directori. G. Miskin, Esq.,

71, Mosley Strest, Manchester.

Chairman.

AGENCIES AND BRANCHES: Hon. Mr. M. T. Johnson,.. ALON STAR (LOILO

Deputy Chairman. | AMEITHAIZ-

J. K. Bousfald, Esq.,'

J. R. Masaon, Ex

A. L. Shields, Esq.,

Sir Vandeleur M. Grayburn,

IPOH

TIRETSIM

(Bhuket)

BAIGON

SEMARANG

ΠΑΝΩΣΟΥ

A. H. Comptou, Esq..

BATAVIA

S. H. Dodwell, Esq.,

BOMBAY

K. S. Morrison, Esq.,

Hon. Mr. J. J. Paterson,

CALCUTTA CANTON CAWNPORK

Dar

XARACHI KLANG KORE KUALA

LUMPOR

SCHZUBAN

BHANGHAI

BINGAPOR

SITTAWAN

BOURABAYA

KUCHING

ΤΑΙΡΙΚΟ

MADRAS

T. E. Pearce, Esq.,

COLOMBO

DIZHI

MANILA

TOMO KAR

Chief Manager.

HALPHONG

MEDAN NEW YORK

HAMBURG

HANECW

Branches: Huilo

'HARDIN

Feiping.

Ipoh Johnet

Penang

Rauguon

*Kobe

Saigon

Kowloon Kuala -Lumpur Shanghai

No Justification New York, Oct. 20: Mr. Robert | Amoy Bingham, U. S. Ambassador to Bangkok London. before salling on the Batavia The greatest concern in Govern- "Queen Mary for England, sald Bombay met circles is not the problem of that there was no justification for Calcutta direct intervention, but of some- the current stock market decline Canton how preventing the reaction on and

Chefoo blamed the bankers and

London Colombo the stock and bond markets from brokers for attacking the Govern-

Dairoa spreading into the field of general ¦ ment for conditions which they Foochow business where some unsettlement, had trought on themselves.

Haiphong though no actual crisis prevails.

Hamburg Hokow Harbiu Hongkew

The more conservative elements in Wall Street feel that any desir- able action in regard to margins can well await the quieter trading

FEDERAL RESERVE

SYSTEM

CANNOT PLAY LONE HAND

Washington, Oct. 20.

In op n the new building of the Federal Reserve Board, Pre- sident Roosevelt urged that the Government must improve its co- ordinate cred't and other. mu- chinery to achieve and maintain an enduring prosperity, free from the disastrous extremes of booms and depressions.

The real miss'on of the Federal Reserve system was to gain for all the people the greatest attain- able measure of economic Welt- being. economic security and stability.

by

.!

This goal cannot be attained the Federal Reserve system alone or without the proper tune- tioning of

credit a monetary machinery. Only by the perfection of co-ordination of that machinery, with all

the other instruments

of the Government, could America hope to achieve and maintain an enduring prosperity.— Reuter,

REICHSMARK

QUOTATIONS

Berin, Oct. 20.

The Reichsmark was quoted. without guarantee, at:

New York, 40.17. Paris, 1189- Amsterdam, 72.85 London, 12.34,

Paris sterling, 148.85 to 146.146.95. Paris U.S. dollar. 29.575 to

Tranpocean News Service.

Ir

29.585,-

41

Mr. Bingham was optim'stle in regard to the European situation and gave it as his opinion that a war was most improbable.-- Kleuter.

יד

San Fran-

cisco

Singapore Sourabaya

Lyons Malacca Sungei

Patani" Manila Muar Tientsin (Jobare) Tokyo Mukden Tsingtao New York Yokohams

ia

Current Accounts opened Local Currency and Fixed Deposits

NEW FRENCH LOAN received for one year or shorter

A

decree

Paris, Oct. ZI. has been published authorising the Credit National to issue a loan of 1,000,000,000 franes in 1.000 frane bonds. The bonds will be issued as 915 francS,

bearing an interest annual of $5 francs, and will be redeemable over 40 years by annual drawings with an option for the Credit

National to redeem the same, as from 20th October, 1940.-

Renter.

COTTON ROADS

....

Cotton is being used more and more for making roads in the United States, according to data collected by the Cotton Textile

Institute in New York. Work is now beginning on about 100 miles of roads, and by the end of the year the Institute calculates that no less than 600 miles of cotton roads will be carrying traffic.

periods 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. BONG KONG SAVINGS BAŃK

TBank is conducted by the HE Business of the above CNG KONG & SHANGHAI BANKING CORPORATION. Bule may be obtained on application.

For the HONG KONG & SHANGRAI

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 5,598,600.00 Reserve and Undivided

Profita K

2,776,796.76

HEAD OFFICE:-HONG KONG

10, Des Voeux Road, Central,

·Board of Directors:-- Sir Shouson Chow, Chairman Li Kuon Chun, Esq. Li Lau nog, Esq. WongChubon, Faq. P. K. Kwok, raq, Wong Yan Tong, Esq. Kan Ying Po, hay Chan Ching Shek. Funging Wall

Esq Enq.

No.

Kan Tong Po, Esq., Caiet Mangor. Li Tse Fong, Esq., Manager.

Cotton fabric is used to reinforce ordinary bituminous road surfac- ing material. The fabric is laid down Arst, the oil, containing 55 per cent of asphalt, laid over it and sand spread un top. When the mixing process is complete the surface is only about a quarter of an inch thick, but it can stand the friction of heavy traffic without being worn off. It is stated by engineers that the experimental cotton roads built in New Jersey some three years ago are still in condition without any perfect work whatever being done on them during the whole period.

Here, then, is another shock for Housto the rubber Industry, which for so long has been hoping that rub- ter roads would become general.

CABLE AND WIRELESS

LIMITED

MESSAGE RECEIPTS

An index number will be issued in time for publication on the 20th of each month, and as the course of these traffic receipts has always afforded a valuable indication of world trading and com- mercial activity, it is hoped that, in addition to providing an in- dication of the Company's trame for its stockholders, it will be found of value to observers of world economic conditions.

INDEX NUMBERS

These index numbers represent the estimated monthly receipts from trame as related to comparable traffic in the year 1920. It should be noted that since 1929 the operation in various overseas areas has been taken over at different dates by the local associated companies, and the total figures for 1929 taken for purpose of com- parison in establishing the index 100 have therefore been adjusted when necessary by the omission of the receipts accruing in the areas affected. The Index numbers are. In consequence, all shown upon a comparable basis

January

.

Monthly figures reduced to working day average. Working day average of comparable receipts, year 1920-100.

1980 1931 1932 1933 1934 1935 1936 1937 96.0 78.3 73.4 69.9 71.8 73.2 71.2 85.8 95.7 81.2 82.9 71.7 74.9 74.4 73.3 84.6.. 04.5 79.6 77.8 70.4 72.8 76.2 70.0 90.8 94.9 74.5 714 71.8 71.6 74.8 71.8 83.7 86.2 848 67.7 20.7 73.172.5 67.6-78.6 88.0 60.0 64.7, 70.1 70.1 70.2 70.3 73.5 80.8 64.7 83.2 67.5 68.9 80.7 70.3 73,4 821 61.8.89.6 65.9 10.7 67.1 69.1 73.0 81.4 73.0 1.4 879 703 755 70.7 72.0 82.5 77.8 73.2 72.1 73.6 78.8 753 87.1 83.6 73.0 71.8 71.3 72.7 80.5 80.4 79.0 78.8 76.7 80.7 -80.1 98.4

1:97

On demand

ON PARIN:

Sinceres, $1.15.

February

Constructions (Old), $i}..

March

Constructions (New). $1.

April

102

OX BAIGON 2.

Maruman H.K. 4/9.

May

On demand

Watsons, $4.

June

ON MANILA:—

Unions C.D., $512.

July

On demand

.elt

August

Or Barazer:-

BALES

... 100

On demand

Providents (Old), 12.05.

Bövinkiöng" Bank Buying ALL

Lands, $304.

Trams; $13.30.

BAM HILVER. DET TB, comm

September October

necember November

Amoy

Hataria

Branches and Agenties :-

Kowloon Par

Bad000

Bouzabays Swatow Balgos bydary Melbourne Ba Prani Eshoku

dece Tantá New York reactio Tokyo theaks

Londen

Babay

Caloutta

Cantun Kalpbung Bańkow

BODE

Parke

Paying

Semarang Va

Yokohama

Sinagkal Apart

Every description of Broking and Exchange business transacted. Loans granted OD approved

securities

Current Accounts opened in Local Currency and Fixed De- posits received for one year or Local and shorter perioda in Foreign Currencies on terms which will be quoted on application. Bafe Deposit Boxes To Let.

KAN TONG PO

Okict Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

Capital (fully paid up)

Yan 100,000.hon de Reserve Fund Yen 134,400,000.00

HEAD OFFICE:-YOKOHAMA

BRANCHES AND AGENCIES AT ** Rangoon Alexandria Honolulu Bangkok Usinking Bio, do Batavia Karachi Janeiro Berlin, Kobe

San Bombay Loudon

Fraboiser Calcutta Los Angeles Seattle Canton Manila Bemarang.

Dairen Moji

Fengtien Nagoya

Shanghai

(Daloy) Nagasaki

SingapoIP

Sourabaya

(Maiden) New York Sydney

Hamburg Denka Hankow Otard Harbin Paris Hong KongPeiping

Tientsin Tokyo

Tsingtao Yinkow

Interest allowed on Current Ar counfa,

Deposita received for Fixed Periods at rates to be obtained ea application.

Y.XANO,

Manuscr

Hong Kong, 11th Sept., 1987,

PRIPING

(Peking) PINANG

HONG KONG RANGOON

FEINGTAO TOKOKAMA KADIRGANGA

FOREIGN EXCHANGE and General Banking Business transacted,

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

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

R. W. ROBERTS,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bauk offering com- plate Foreign Banking Service In the principal Markets of the world, Interest Bates of Application.

SAFE DEPOSIT BOXES

This Bank in entirely owned by THE CHASE NATIONAL BANK, NEW York, with Rewrurces over U.S. $2,500,000,000.

D. M. BIGGAR,

Manager.

BANK OF COMMUNICATIONS ESTABLISHED 1908

CAPITAL RESERVE

Head Office:

$20,000,000 $4,500,000

14 The Bund, Shanghai

Hongkong Office:

5 Ice House Street, Hong Kong

Over 130 Branches throughout China Correspondents in all lm- portant Cities of the World." Wo offer you quick, careful and friend- ly service, backed up by 30 year of experience in:

FIXED DEPOSITS CHECKING ACCOUNTS FOREIGN EXCHANGE SAVINGS ACCOUNTS AND OTHER BANKING FACILITIES

T. N. LEE,

Manager.

BANK

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

PAID-UP CAPITAL..840,000,000.00" (BRANCHES ALL OVER CHINA) Owing to our numerous. Branches in China and connections in the principal Commercial Centres of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Head Office: SHANGHAI

Hongkong Branch:

CANTON

4, QUEEN'S ROAD, C

South China Officer:

KONGMOON TOIBHAN KINGCHOW

SWATOW

SHIUCHOW

We also handle the issue of Bonils

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

BHOU J. CHEN

Manager.

་་