1937-11-06 — Page 12

Sharebrokers'

Association

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Bayelsallace

$4,070

"E071

NOV, 5.

Banka

H.K. Banks

38034 3512

$240

#48)

$118

40 cbx

$13.00

#242

396

$9.90

FRIDAY.

Bayara

Galler

Halen Nomalas

215 488

$1,600

Bo. (London)...

#B

Chartered Banks

207 213

£37

Mercantile Bls. “A“

C13

Do.

"0"

$20

Bank of East Asia...

N, O. & 8. Backs...

Insurances

$167

Canton Lusarendus.

352

Union Lazurazors ........

1512

te

Underwriter.

312

H.K. Fires....... $235

International Assos, 5,

Shipping

Douglases

*******

i:

!!!

A

2

Steambuts

Indo-Chinas (prof.)

!!!!!

HONG KONG* DAILY PRESS, SATURDAY, NOVEMBER 6, 1937.

H. K. STOCK.........

EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS.

"Business

Was again very rès- trleted during the past week, owing to an almost complete ab- sence of offerings. At the close. there was an apparent reversal of buyers tactics, quotations being boldly advanced all round. There have been indications of enquiry broadening, but it is difficult to assess the weight of buying' inter- est,

Enquiry for Banks continued, and shares sold up to $1823. Unions were a slower market, but Improved to $515.

The Far Eastern market in Lon- don improved further.

.10

Lo. (dof.)

08/14

Shells......

543 98/14

$0.30

Waterbou ba

$0.30

Mining

14/6

Kailans

***

14/-

Kaubs

15

Venezuela Gold Fl.

ket.

Docks, Wharres,

Godowns, ete.

129

H.K. & K, Wincton.

•Providents (old) ...{ $2.224

Do. (DOW)

H.K. & W. Docks

Shangnai Docks S.

New Engiuperisxs 3. Lands, Hotels, acd|

Bui.dings

H.K. Hotole

$5.20

tim

H.K Lande.....) Do. 4% Debentures Shanghai Land....

$1.70

Metropoutan Lands..

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

Chink Du......8.

Do. Debentures.

186

Humphreys ....... 18.20.

Chinese Estates....

Cotton Mills

L

Ewo

S'ha Cottonafold)S.

Da

Zoong Sings

(Dew.

Wing Or Textiles(9.)

Ewo Colton Ets: S.

Public Utiles

Tramwayat

Ponk Trame (old).....]

Do.

(new)...

84.60 $4.75

Chins Lights (old)... $11.70) 11.90 $11.80

Star Fermica .....................

381

Yaumati Ferries

312

D {aew)5.

H.K. Electrica

siet

Macao do.

$17/

Saudakun Lights -.-

"Do.,

Telephones (old)

125)

(Dew)...

$0.20

1

13:80

China Buses.......1

23/0d Traction ELY £2/-

23/

$1,90

Da. (prof.)...)

Industrials

Caldbeck, ord.) 8.

Macgregora praf.)8.

Canton Icon

Comenta

Ropes......................

Miscellaneous

Dairy Farm ......

Ch. Etainmoete..... $4.30- Constructions, (ald}} $15.

Nanyang Tobacco... 14

Bincarns

Watsons

S. C. Enterprisea

83% Cu.G.5%109603Bdz

H.K.Gòrt #% Loans!

Do. 36%

Wallace Harper

H.K. Wing Co.....

Do

23/- Maramans Ir v. (Lon.

24.05

+4

15-

31.80

$1.00

Do.

$1

313

Lane Crawfords......

11.56 $41

eta

Paris

Geneva

Berlin

prem

od

༣༣

$115

35 cts.

3281

$100

$3

THE EXCHANGE

MARKET

MESSKS. ROZA BROS

Silver prices dropped yesterday to the extent of 1/16 for Ready and 178 for Forward, the quota- ucns being 19 13/18 and 19 3/1 respectively.

Sliver advices, re-

ported India and speculators, as having sold. Support was poor. After the official fixing the market- closed quietly steady with a small speculative business at the rate. American Silver was quoted at 44 3/4 for Spot

The London/New York cross- rate was higher at 497.85, New York, London

at quoted WILS 497.7/8.

Quiet.

MARKET

STERLING

There were sellers at 1/3 for near and forward. buyers at 1/3

Manila prices were again un- changed in a notably steady mar-1/33 Cash/January and 1/3 Fe

BUSINESS DONE DURING

THE WEEK

H.K. Bank, $1622).

Canton Insurance, $260,

Union Insurance, $510, $515. Wharves. $118.

Providents (Old), $2.20.

Providents (New), 30 cts. '35 cts.

37 cts, 421 cts.

Hotels, $51. $5.30, $5.35.

Lands. $31.35.

Tramways, $13.80, $13.90. China Lights

$11.80.

(Old). $11.70:

China Lights (New), $113. Electrics. $531, $551. $56. Telephones (Old), $26.

Telephones (New), $9.10.

Cements, $12.40.

Dairy Farms, $247,

113

Watsons $41.

$90.

Raubs, $81.

$34

$40

Govt 4% Loan, 6% p.m. CHANGES (3.15 p.m.) CLOSING

QUOTATIONS BUYERS

HK, Bank, $1620.

Canton Insurance, $265.

$13.70

17

$32

Union Insurance, $515.

$35

H.K. Fires, $245.

H.K. & K. Wharves..$118.

$11

155

H.K. & K. Wharves," $118). HK & W. Docks, $29. Providents (Old), $2.30. Providents (New), 45 cts

39.20

H. & S. Hotels. $5.35..

HK. Realties, $43.

H.K. Lands, $314.

HK. Tramways. $14.

Star Ferries. $821.

Y. Ferries, $25. Electrics, $58.

Telephones (Old), $264. Telephones (New), $91,

Cements. $12.65.

112.4%

13.80

$24.90

Dairy Farms.. $24.75. Watsons, $41.

Ewo Cottons, $10. Shanghai Cottons, $65.

SELLERS

Wharis, $118).

#71

$1.45

Trams, $14.25.

$4.53

SALES

$1

80%

HK. Bank, $1622).

3108

$101

pt J.

to

$40

S'hai

Jou

Vibro Filing

#5A

(HK)

W. Poretts

45 str.

*Sales to Shengtai

LONDON EXCHANGE RATES

Union Insurance. $515. Providents (New), 421 cts.

Hotels, $5.35..

Trams, $13.090.

Light (Old), $11.80.

Lights (New), $113.

Electrics, $56.

Telephones (Old), $28. Dairy Farms, 3243,

U.S. DOLLARS

bruary/March.

Opened with sellers at 31 1/16 November/January and $1 Febru- ary/March.

at 31 3/16 buyers Cash. 31

1/8 December/January and 31 1/18 February/March. Later business was done at 31 1/8 market for near delivery. The closed at 1 p.m. with sellers at 31 31 1/18 November/January and Februa /Märch, buyers at 31-1/8 Cash February and 31 1/16 March.

SHANGHAI DOLLARS Sellers at 10s 7/16. buyers at 105

was 1/2 for Spot. Business ported at 105 1/3 for Spot.

re-

SHANGHAI MARKET Sterling. 1/2 1/4 nominal. U.S. Dollars, 29 1/2 nominal.

MARKET.

Quietly steady.

STERLING

The market closed with sellers at 1/3 for near and forward buy- ers at 1/3 1/32 Cash/January and 1/3 February/March.

H

BRITISH TRADE

IN CHINA WAR

Absence Of Ships To Shanghai Causes Heavy Losses

WAR RISK INSURANCE

London, Nov. 5. Attention was drawn to shipping difficulties in the Far East by Mr. A. C. Moreing, in the House of Commons.

He asked if the Board of Trade were aware that British merchants In Shanghat were seriously handi- capped by the prohibitive rates quoted for war risks for vessels going to Shanghal or Woosung.

Capt. Euan Wallace replied that he was informed underwriters were freely granting war risk Insurance on vessols going to those ports and on their cargoes other than war materials Insurance on board the ocean-going vessel. but he understood that underwriters were considering the possibility of as- sisting shippers by extending the /scope of existing cover.

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

Hong Kong Currency

Resorve...

Reserve Liability of

Proprietors

£ 6,500,000

AUSTRALIA AND CHINA Incorporated by Royal Charter 18$3

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

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

Reserve Fund $20,000,000] Rosarve Liability of Pró-

Bead Office:HONG KONG

:

Board of Directora. G. Miskin, Esq.,

Chairman.

Hon. Mr. M. T. Johnson,

prietors....

£3.000.000 £4.800.000

£3.000.000

MANCHESTER BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES:- ACORETAN (Lotro

BALGON IPOR

SEMARANG Deputy Chairman, AMRITSAR

KARACHI

J. K. Bousfield, Eaqy

A. E. 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. Shield, Esq., Bir Vandeleur M. Grayburn,

'Chief Manager.

Amos

Branches: Iloilo

Peiping

Penang

Rangoon Saigon

18

Kowloon San Fran- Kuala

"cisco

Lumpur Shanghai "London Singapore Lyons Sourabaya

Ipoh Bangkok

Jobore Batavia

Köbe Bombay Calcutts Canton Mr. Moreing also asked if the Chefoo Board of Trade would point out Colombo

Dairen to British shipowners the serious

Foochow damage that was being done to

Haiphong Hamburg English trade by the delay in resuming to send ships to Woosung Hankow (Johora) Tokyo in view

the of

Mukden Commander-in. Harbin Chief at Shanghai's recen speci- Hongkow New York Yokohama fication of hours and localities wherein he considered it safe for British ships to anchor, and the absence of the dificulty of lighter- ing between Woosung and Shang-

hal.

Capt. Euan Wallace said It was for shipowners to decide whether to send ships to Woosung or not. and in deciding they will doubtless take into account various factors, including the

consideration

of.

Malacca

Manila Muar

Sungei

Pataui

Tientsin

Taingtas

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

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

HONG KONG SAYING: BANK

דיי

HE Business of the above safety and also the amount of is conducted by the business offering.-

HONG KONG SHANGHAI British

BANKING CORPORATION. Rules may be obtained on application.

For the HONG KONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBUBN,

Chief Manager.

U.S. DOLLARS Some business was done at 31 1/8 for November and December The market closed. with sellers at 31 1/8 November, 31 1/16 Decem- ber/January and 31 February! December. 31 1/8 January/Febru-

ary and 31 1/16 March. March. buyers at 31 3/16 Cash/

JAPAN'S REASONS FOR INVADING CHINA

FF

Prominent Business Man Expresses His Views

Explanations to account for war Japan's action in starting a with China, which has already cost her more than the war with Russia in 1904-05, have been numerous and diversified, but not entirely satisfactory. Japanese spokesmen have said that the purpose was to combat Communism; to eradicate anti-Japanism; to cause a better understanding of Japan's real in- tentions, and to bring the Chinese people to feel goodwill and friend- ship for the Japanese..

1:

To pretend that the object is to combat Communism is such trans- parent shadow-fighting that the Japanese must find it hard to keep a serious face while they propound jt. Justification exists, therefore, for examining the contention that

China's sovereignty. For the past three years she has beer endea- vouring to detach all the five northern provinces from China and to establish an "autonomous" regime dominated by Japan.

GOODWILL ENVOYS

Hong Kong, 1st March, 1937.

"BANK OF EAST ASIA, LIMITED.

Authorised Capital Paid-up Capital Reserve and Undivided

Profits

$10,000,000.00 5,598,800.00

2,770,790.76

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

Board of Directora :-- -- Sir Shouson Chow, Chairman Li Kuon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, rsq. WongChuSon, Esq. Wong Yun Tong, rsq. Kan Ying Pu, Esq. Chan Ching Shek, FungPing Wah,

Eq Esq.

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

The unfortunate special goodwill envoys that. Japan has sent abroad to explain the "true motives" of Japan will no doubt again rely on these discredited shibboletha. They are not to be envled. As if their task was not difficult enough, just

their prior to

the departure Japanese Admiralty issued a state- ment at Tokyo to the effect that y 62 cities and towns in eight pro- vinces in China had been raided by Japanese planes since hostilities

H.K. SHAREBROKERS' the Japanese are invading China started in Shanghal area.

ASSOCIATION

BUYERS

Trams, 813:80

Star Ferries, $81

Y. Ferries, $247

(British Wireless Service)

Nov. 3

117-7/64

Nov. 4 147-8/32

21.501

21.52

12.34;

12.354

Athens

Milan

911

941

Unions, 8512 Providents (old). $2:27; Hotels, 25:25 Lands, $311

Copenhagen

Realties. $4:80

Stockholm

Shanghal

New York

4,901

Amsterdam

8.981

4.977 9:00

Vienna

Frague.........

1417.

Madrid

Lisbon

Hong Kong

Bombay

Montreal

4.061

29.32

-4.97€

29.33€

Yokohama

216

Belgrade.....ter

Monte Video

Rio

Bucharest

Silver (Forward)

Brussels

Silver (Spot) War Loan

110-3/10

192

19

31% 101-1/16

6771 103 19-13/16 31% 1018

Closing Quotations

November 6, 1937,0 ON NEW YORK:

On Loznow:

Telegraphic Transter... Bank Billa, on demand 1/2 ON BATAVIA: Oredita. four months'

sight.

1/21

Bank Bills, on demand 3013/18 Credits, 60 days' sight. 31 1/18

On demand....... ......... 051

Bank Bills, on demand 910 Credits, 4 month'a sight 980

ON PARIS:-

- KODITS MO

On demand

On demand

China Lights (old),.8113 China Lights (new). 811 Electrics, $50 Telephones 891

Nanyanga, 341

Sinceres, 21:60

Antamoks. 85 cts. Buyocs, 30 cts. Demonstrations, 61 cts. Marsman HK. 84/71

SELLERS

Realties. 84:90 China Lights (old), 211:35 Marsman H.K, 85/-

SALES

Unions. 1515 China Lights (old. $11:80 Electrics, $56

REICHSMARK

QUOTATIONS

Berlin, Nov. 4.

quoted, Wa6

The

On Demand

104

Reichsmark without guarantee, at:---

ON SINGAPORS: --

901

New York, 40.58.

On demand

521

OF MANILA A

Paris, 1104""

611

Amsterdam, 72.70.

ON JAPAN:-

ON BANGLOK:-

London, 12.3675,

On demand

100)

On demand

1498

SOVEREIGNS Bank Buying

Telegraphic Transfer 81

Bark on den-and-

Bato general Linensis, 1/3 1/16- BAR BIGWR Dhe the commis 39 13/16|

Parla Sterling: 147.08 to 14714

'because Communism is gaining a hold upon that nation. What are the facts? The National Govern- ment has never had a Communist in its ranks since it was establish ed. More than that-it had been carrying on a campaign for years to exterminate Communism, and would have been successful in 1931 If Japan had not staged her ad- venture in Manchuria that, year and thus caused the temporary abandonment of the operations against the Reds.

COMMUNISM EXTINCT The Communist party has now ceased to exist, as has been point- ed out elsewhere. Those who pro-

fessed to be Communists laid by their political ideology when the Invasion of their country took place. They were Chinese first.

ANTI-JAPANISM... Another explanation given by the Japanese is that they are de- termined to eradicate anti- Japanism, to create a real under- standing of Japan's sentiments to- wards China, and to enhance the goodwill and friendship between the countries.

How has the friendship of Japan for China been shown? Without

w

BUSINESSMEN'S VIEW

But while Japanese politicians and others are mouthing" sweet

Branches and Agencies ¡—-

Penang Kowloon

London

Ratsoon

Bombays Swal Balgun

bydney Helbourne San Fran Fahoku

Manila

Amey

BABLYIN

Calcutta Canton Haiphook Badkow Honolulu

Kobe

Parlo

Pe:ping

مطحون

disco

Tieniela

Tokyo

Yoover

New York deactie

Semarang Shacab Takabana

ngapor

Every description of Banking and Exchange business transacted. Loans granted

Approved

securities.

.00

and obviously insincere, nothings, Current Accounts opened in spokesmen of "big business" make Local Currency and Fixed De no secret of the real motive of posits received for one year of Japan's war of aggression They shorter periods in Local and are cynically and devastatingly Foreign Currencies on terms which frank. For example, Mr. Bhulchi will be quoted on application. Hojo, the general manager of a Safe Deposit Boxes To Let. heavily capitalized concern called the Kochu Konzi (China Develop- ment Company) formed to finance

China

in THE YOKOHAMA SPÉCIE BANK North

undertakings,

LIMITED an article September published entitled "Japan Should Seek

North Capital (fully paid up) Foreign Capital Aid in China Programme." It is explain-

KAN TONG PO.

Chief Manager.

-

Yen 100,000,000 de

ELAD OPTION: -YOKOHAMA

ed that, "to expedite economic Reserve Fund. Yen 134,400,000.00 development works where Japan- will be entitled to special privileges after the present incident, for- eigners must be encouraged to in- vest further and co-operate with Japanese."

Mr. Hojo unblushingly declares, "Japan demands her special status in North China": In other words, she has launched an aggressive Calcutta war in order to accomplish the very thing she undertook not to do by her adhesion to the Nine Power Treaty or Washington Pact,

FLIMSY PRETEXT

going so far back as the first Sino-

Big business has not the time Japanese war in 1895, when China

to waste on filmsy pretexta of the lost Formosa, Japan has since alienated from China an area kind. What Japan wants and is greater than France and Germany. pouring out blood and treasure to combined. She established puppet accomplish is a "special status in administrations In Hopef and North China." As Mr. Hojo's com- north Chahar and forced upon pany is an off-shoot of the South

Railway, China the Tangku Truce agree Manchuris

《ཕ

semi-

Paris US dollars, 29.58 to 29,59-ment and the Ho-Umetsu agree-Japanese Government organiza- Tranuncian News Service.

ment, both of which infringed tion, he speaks with authority."

BRANCHIS AND AGENCIES AT: Alexandria Honolulu Rangoon Bangkok Hainking Rio do Karachi Batavia

"Janeiro Kobo

Bad Berlin..

London

Franoised Bombay

Los Angeles Seattle Manila

Semarang Canton Dairen Moji Bhanghai

(Dalby) Nagasaki Singapore Soorakaya Fangtien Nagoya

(Makdon) New York Sydney Hamborg Osaka

-Tientsin Tokyo Tsingtao

Hankow Dare Harbin Paris Hong KongPeiping Vinkow

Interest allowed on Current Ae counts

for Deposita received

Fized Periods at rates to be obtained er application.

Y: KANO

Manare! Hong Kong, 11th Sept., 1937.

BANGKOK

BATAVIA KLANG

KUBR IDALA

LUMPER

SEREMBAN

BHANGHAT

SINGAPORS

SITIAWAN

BOY KABAYA

TAIPING

DOMBAT

CALGUITA

CANTOX LAWNPORE

EU

KUCHING MADHAN

COLOMBO DELFI HAIPHONG

MANILA

TONGKAR

MEDAN

NEW YORK

THINGTAO

HAMBURG

PILIPING

BANECW

HARDIN

(Bhuket)

TOKOHAMA

(Peking) saICLAJE GLA

PENANG

BOKO KONG RANGOÓN

FOREIGN EXCHases and General Banking Business transacted.

CURRENT ACCOUNT8_opened and FIXED DEPOSITS received for Oasi Year or shorter perioda nt" rates - which will be quoted on applica tion.

The Bank's Head Office in Lon- don ündertakes Executor & Trustas business, and claims recovery of British Income Tax overpaid," on terms which may be ascertained as any of the Agencies and Branches.

B. W. ROBERTS,

Hanager.

THE CHASE. BANK

18, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STALET,

* NEW YORK.

An American Bank offering com

plete Foreign Banking Service. In the principal Markets of the world. Interest Rates on Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by

“THE OHABE NATIONAL BANK, Niv- YORK, with Resources over U.S. $2,500,000,000.

D. "M. BIGGAB,

Manager

BANK OF COMMUNICATIONS ESTABLISHED 1908

CAPITAL RESERVE

$20,000,000: Tamoio... $4,900,000

·Head Office:.

14 The Bund, Shanghai

Hongkong Office:

6 Ice House Street, Hong Kong

Over 130 Branches 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 BAKINGS ACCOUNTS AND OTHER BANKING FACILITIES.

T.; N. LEE,

Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

" OF CHINA AS AN

EXCHANGE

INTERNSANE

PAID-UP CAPITAL...$10,000,000.00

(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 Clicata special facilities for Domestic and Foreign Banking and. Exchange."

Head Office: SHANGHAI Hongkong Branch:

4, QUEEN'S ROAD, O

South China Offices:

CANTON

SWATOW SHIUCHOW

- KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both at Home and Abroad.

SHOU J. CHEN

Manager.

I.