1937-11-22 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Bank of East Asia...

Underwriters

Kalai

$1,630

8270

HONG KONG DAILY PRESS MONDAY, NOVEMBER 22,

MARKET

MESSES. ROZA BROS:

PHILIPPINE MINING

NEWS

1937.

ZAMBALES CHROMITE Mining | property of the Acoje Mining Com- Saturday, Nov, 20. Company, Inc., through its board pany. The corporation according Silver prices were unchanged of directors, B. H. Silen, 8. J. Wil- to reports of several "engineers is yesterday, the quotations remain-son, J. George, S. 8. Schier and assured of a large tonnage of high ing at 19 11/16 and 19 9/18 res- P. Rivern, have announced that the grade chromite ore all of which pectively. Silver advices reported company will take over work on its has been spoken for by responsible America property at Santa Cruz, Zambales, chrome ore buyers in the United India as having sold.

After the official fixing and have notified the Union Man- States. The board of directors is bought.

American agement Company to immediately considering listing its stock in the the market was quiet. Silver was quoted at 44, for Spot. 'cease any work or operation upon Manila Stock Exchange and Inter-

The London/New York cross-

the property or claims of the Zam- national Stock Exchange.

MASINLOC CHROMITE Mining rate was quoted. at 500.27. New bales Chromite Mining Company,

Inc., and to remove therefrom all Company announces that Intensive York/London was quoted at 5004.

einployees of and any equipment be- and extensive exploration work MARKET

longing to the Union Management. which was temporarily suspended. George York, superintendent of last June due to unfavourable the mines of the Zambales Chromite weather conditions, has been re- Mining Company is in charge of sumed, it was learned from the the operations on the property and office of the firm. At present . been instructed to make aj there are eight guards and more complete report to

be sent τα than 30 labourers to carry on the stockholders.

THE EXCHANGE

Sharebrokers'

+

Exchange

Association

SATURDAY,

Nalas Nouda

mayore

ΝΟΥ, 20.

Banks

$1,630

H.K. Banks"......

ENT

Mo. (London)

LUTI

212

Uhartered Banks ...

2191

232

Marcantile Bks, "A"

£15

Do.

4*1

£15

100

188

N. O. & 3. Backe...

32

lusurances

1270

Caton lustra vida.

Union insuranos... $517)

$1.80

SEBA

H.K. Piros

|Enternational Asnoe, 5.

Shipping

F4B)

19

$9

301

Indo-Chinas (prof.)

$61

Da.

(dof.)

147

91/104] Shell

19.30

91/10

Watercata

39

149

18.30

Hubs .....

14/9 +8.86

15

Venożaula Doid Pfle

Docks, WhaTVO,

'Godowns, etc.

18

.K. & K. Wharves,

Providents (old) Do.

$2.10

32.10

***

(DOW)

35 ota

1271 $100 13

2

12.20

Mining

Kailans

$2.10

30 eta 35 ola.i

$28 H.K. & W. Docks ...

Shangnai Docks S. New Engineerings H., Lands, Hotels, and

Bui dings

H.K, Hotels ne .K Lands.......... Do. 4% Debentures Shanghai Lands.... Metropolitan Lands.

H.K. Realties.......................... Chinn Do.......

5505 30.15

Jax

$100

$1.85

11

198

$1,60 $200

548

$41

3117

10.10

132

3102

94.85

18.40

Do. Debentures S. Humphreys

THA

Chinese Ba La TOB................

Cutton Mil

313

Ewos .......

$13

¥82

Shai Cottontulājš,

$AU

Zoug Sings

$34

Wing Un Textile(S.)

$40

Ewo Cotton Rts. S.

Public Utilities

$131

$13,40 $13.40},"

Tramways

$13.40

$74

Peak Tema (old),n:

Da.

(now)...

182

Star Ferries

SHE

$254

Yausti Ferries

$25

$11.30

1:14 40

China Lighte (old)..:

$113

$112.

Do,

(new)...

$11.39

065

H.H. Electrice $54)

$18

Macso

do.

$19

Sandakan Lights..

1265

Téléphones (old)

1964

19.30

"Da

(now) 39

13.06

China Boses........

93/94 Tractiun

ad

22/

10. (pret.).....

354

Industrials

Caldbeck, jord.) 8.

Macgregora f(prof.18.

Ropes

Miscellaneous

Dairy Farros...

Ch. E'tainmonta..............) $41 Constructions, (old)) (1)

Nanyang Tobacco....

Sinceros

Watsons

124.90

$1,90

Capton Ices

$11.80 $12

Cements

$11.85 $12

.......

53.80

13.30

$4.30 $24.65

$1.60

31.00

Do.

(0) 31

30

Lane Crawfords....

34.30

$5.00

78%

B. C. Enterprises...! Cu.G.521925G. Bs.

31

20%

pren..

H.K, Govt. 1%-Logos]

Do. 31%

$100 $101

Wallace Harpor

$40

BK Wing Ou

36

S'ha Dio

160

15.85

$0.80

22/6

Maramany Ir v. (Lon.)

4/0

05 cts.

100 sta.

Wa. Powelle

(EK)

leo otr.

1

•Sales to Shanghai

Paris

Geneva

Berlin

prem

Vibro Piling

LONDON EXCHANGE RATES

(British Wireless Service)

Nov. 18

- 147]

21.61

12.372

Nov, 20 147-11/84 21.62 $12.331

Athens

95

Milan

951

Copenhagen

Stockholm

Shanghai

New York

5.00

1/2k 5.00%

Amsterdam

9.011

9.013

Vienna

Prague

1411

Madrid

Lisbon

Hong Kong

Bombay

4.99

29.39)

4.997 29.41+

Belgrade

Montreal

Brusacis

Yokohama

Monte Video Rio

Bucharest

Bulver (Forward) Silver (Spot)

War Loan

On London:

142-3/16

2501 677++

19-9/16 19-11/2 34% 1014

191

194

Closing Quotations

November, 1937.

Telegraphic Transfer... 11/2

Bank Bills, on demand Credits, four monthe'

ON SHANGHAI:-

On SindarōEK?-

ON NEW YORK:~~

Fight

On Demand

On demand

On JAPAN:

On demand

De India:-

Quiet. No business was reported.

STEALING

There were sellers at 1/2 31/33 November/December and 1/2 15/16 January/March, buyers Cash/December and January/March.

st

1/3

1/2 31/32

were

It is expected that the Zambales Chromite Mining Company, will be able to ship.a considerable "ton-

U.S. DOLLARS

"There Nothing doing. schlers at 31 3/16 November/De- cember and possibly January and 311 February, buyers at 311 Cash/nage of ore in the near future. Definite dates of shipment will be January and 31 3/18 February/

announced later. March.

SHANGHAI DOLLARS Sellers at 1051, buyers at 1051 for Spot,

SHANGHAI MARKET Sterling sellers at 1/2 7/32 buyers at 1/2, 1/4 for Spot. U.S. Dollars, sellers at 291. buyers · at

29 11/16 for Spot.

H. K. STOCK EXCHANGE

SATURDAY'S

OFFICIAL

QUOTATIONS

BUYERS

The market was very quiet. Union Ins., $517).

Indo-Chinas, (Pref.), $51 Indo-Chinas (Def.), $43. Providents, (Old),, $2.10. Providents (New), $0.30. H. & S. Hotels, $5.05. H.K. Tramways,,, $131 China Lights (Old), $11.30. H.K. Electrics, $541. Cements, $11.80

Dalry Farms, $24.30, W.M. Powell, Ltd.. $0.65.

SELLERS

China Underwriters, $1.60. H.K. Steamboats." $9. Providents (Old), $2.20. Providents (New), $0.35.

H. & S. Hotel,...35.15. HK. Lands, $32} HK. Tramways, $13.40. Cements, $12.

Dairy Farms, $24.65.

HK. Govt, 4% Loan. 54% pm. SALES

*

H. S. Hotels, $5.10. HK. Tramways, $13.40. China Lights (Old), $1117.40. H.K. Electrics, $55.

Wm. Powell, Ltd., $0.80.

work.

The management also announced that a stockholders meeting has been scheduled on November 18 to elect a new board of directors and officers for the ensuing year Plans for the operations of the mines will be taken up at the meet- ing. The firm is capitalized at | P1,000,000. ' Nicolas Estella is the

The property of the Zambales Chromite Mining Company, consists of 60 lodes claims located at Banth Cruz, Zambales, adjacent to the president of the company.

THE SHARE MARKET

Harriman's Weekly Report

Messrs. . A. Harriman and Co.'s weekly share report and market Tovlew Issued on Friday night

Etates:-

BANKS

HỒNG EUNG AND SHANGHAI | THE CHARTERED BANK OF INDIA

BANKING CORPORATION

$80,000,000 Authorised Capital Issued & Fully Paid Up $20,000,000 Reserve Funds: --

Sterling

Hong Kong Currency

Reserve.

Reserve Liability of

Proprietors

.£8,500,000

Head Office:-HONG KONG "

AUSTRALIA AND CHINA Incorporated by Royal Charter 1983

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

£3.000.903 £3.000.000

............. £3.000.000

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

Reserve Fund $20,000,000) Reserve Liablity of Pro

priators

MANCHESTER BRANCH: 71, Mosley Street, Manchester,

Chairman. AGENCIES AND BRANCHES:

ALOR STAN ILDILO

Род Deputy Chairman, AMRITSAR J. E. Bousfield, Esq..

KALACHI AH. Compton, Esq., S. E. Dodwall, Esq.,

Board of Directora. Miskin, Esq... Hou, Mr. M. T. Johnson,

J. R. Mason, Esq.,

BAZGON SEMARANG

OKREMBAN

SHANGHAI

SINGAPORS

SITIAWAN

SOC HABATA TAIPING

TIENTEIN

K. S. Morrison, Esq.,

BANGKOL BATAVIA BOMBAT CALCUTTA CANTON

KLANG XONE KOALA

LUMPUR,

Hon. Mr. J. J. Paterson,

CAWNPOKK

IC

CEBU COLOMBO

KUCHING MADRAS

MAHILA

TORGIAH

DELHI

.

MEDAN

HAIPHONG

NEW YORK

TSINGTAO

KAMBURG

PRIPING

ΤΟΞΟΤΑΜΙΑ

HANKOW

T. E. Pearce, Esq., Shields, Esq.,

A

Sir Vandeleur M. Grayburn,

Chief Manager,

Amoy Bangkok

Batavia Bombay Calcutta Canton

Chefoo

Peiping.

Penang

Rangoon Saigou

Sun Fran-

Branches:- Heilo Ipoh Johore " Kobe Kowloon Kusla

Lumpur Shanghai

Singapore Lyons Sourabaya

Sungei - Malacca

Patabi

"

Lundoa. Calombo Daire

Haiphong Manila

Industrial Agreements Foochow

In England

London, Nov. 20. By twu tädustrial agreements signed yesterday, 68.000 workers in electricity supply undertakings will receive a wage advance of three-farthings per hour, repre senting an average extra three shillings weekly, and miners in the Derbyshire-area join, the large number of workers who, in recent months, have come under schemes for the provision of hölldays with

pay.

We again have to report a period. of dull markets, without any par- ticular feature and with trading of negligible volume. Quotations have

It is expected that a holiday been generally eisler over the week fund of $100,000 yearly will pro- but prices are now fairly wellvide the workers with one week's maintained. There has been some

holiday with a payment of £3 for settlement ilquidation of specula- | married men 30/- for single men Live stocks, but buyers are now shewing interest at around current levels. Manila shares continue to be a purely nominal and declining market.

Sterling stocks have proved the most popular and there was a fair turnover of Hong Kong Bank shares from $1700 down to $1840. Unions have maintained last week's price, with sales recorded at $520 and $522. Canton Ins. are én- quired for at $270 and Fires at about $255.

In utiltles, China Lights were sold down to $11.40 and Trams to $13.30. but at these prices buyers are in evidence, Telephones came to business at $261, but are now $20 sellers. The New have cased to $9.05 sales, Hong Kong Electrics made $55 and Star Ferries $82. Yaumati Ferries offer at $251. Macao Electrics have firmed up to

Recovery Of French $18 without attracting seilers.

Finances

Sales of Singapore Traction Ords: were reported at 22/-.

Cements close $1180 buyers $12 sellers and Ropes are just $31

Paris, Nov. 20. The Finance Mluister, M. Georgea Lands, after exchanges at $32) Bonnet, told the Chamber of De- offer at this and Hotels declined putles yesterday that the Govern- to $5.10 business done. A few ffancial | Humphreys are enquired för at ment was meeting its obligations, and now bad ten mii- $8.30. Hard francs at its disposal.

The English loan of £40,000,000 would be promptly repaid, he said, and would leave the French state with an abundance of available capital.

There had been an improvement in public credit. Whereas a year ago it had been impossible. to place even the smallest public loan. on the market, a complete change had now taken place- Transocean

BENZOL FROM COAL

巍

of

To encourage the production of motor spirit from New Zealand coal the Government has decided not to impose an excise duty on benzel produced 25 by-product domestic gas-works. The exemp- tion will be limited to a total quantity of 500,000 gallons a year subject to the condition that sub- stantially all New Zealand coal is used in its production.

Wharves have relapsed to a nominal rate of $117, and Docks came down to $274. Providents (old) eased to $2.10 aɛles and the "New" are $0.35

Marsman Hong Kong last sold at 4/9. but are now a quite nominal market at-4/6-5/-.

Shanghai Stocks have reacted from last week's firmness and Ewos are lower at Sh$124 and Shanghai Cottons at Sh$81.

Manila shares. Only small búal- ness was reported. There were Jocal transactions in Antamoxs at 84 cts. and San Mauricios at 82 cta.. and there are closing buyers of Buyocs at 28 cta. and Antamoks at 81 cts.

Closing comment:--Markets very dull, but steady.

FRENCH RAILWAY

DEFICIT

and £1 for youths.-- British Wirelena-

BRITAIN GETS NEW 'OIL CONCESSIONS

in

Cisco

Tientsin

#

Hamburg Muar. Hankow (Jahure) Tokyo Harbin Mukden Tsingtao Hongkew. New York Yokohama

Accounts Current

opened ia Local Currency and Fixed Deposits received for one year or 'shorter 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, 18th May, 1937.

HONG KONG SAVINGS BANK

THE Business of the above THE

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

For the HONG KONG & SHANGHAI

BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1987; -

BANK OF EAST ASIA, LIMITED. Authorised Capital $10,000,000.00 Paid-up Capitol Reserve and Undivided

Proâte

5,508,600.00

9,776,726.76

London, Nov, 20, Important oll concessions Mexico have been acquired by two British concerns, according to an official announcement made today

Contracts for extensive develop ment

of the Poza Rica oli district, says the announcement, HĽAD OFFICE:—Hong · KONG have been concluded between the No. 10, Des Voeux Road, Central.

Government and Mexican

the Mexican Eagle Oil Company and the Centralamer, a new company formed for the purpose.

it is stated that the Centralamer Company has agreed to make a cash loan of £1,000,000 to the Mexican Government to erect three refineries and ten storage tanks.

Board of Directora:—|| Sir Shouson Chow, Chairman Li Kuon Chua, Esq. Li Lan Sang, Esq. H E Kwok, sq. WongChuson, Esq. Wong YuaTong, Esq. Kan Ying Pu, Eng. Chan Ching Shek

Fung Ping Wah, Esq.

Ex.

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

Furthermore, the,, new ecmpany will financé boring of wells for the Government, and is entitled | Amoy to bore up to forty wells of its my own in other flelds.- T'ranacean.

SELLING MOVEMENT ON WALL STREET

Swalow

bydbay Talboka

400

Tantal

Branches and Agencias pe="

Xomtown Peuang Seurays Londos

. Bangboa Manita Bagon Halborne San Fran- Vagonskl New York Seattle Usika Honolulu Parts Kobo

BALATIN

Contia Canton

Haiphong

Bankow

Paplog

Tokra Semang Vancouver Shanghai Yokohama

nopore

Every description of Banking aud Exchange business transacted. Loans granted

approved securities.

opened "in

Current Accounts

Om

New York, Nov. 20. The serious selling movement on Wall Street yesterday, which re- sulted in general losses ranging Local Currency and Fixed De- Ito $5, with a few issues from seposits received for one year or Local and to $10. lower, is attributed to the shorter periods in

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

KAN TONG PO.

Chief Hanager.

following reasons:---

Operators were sceptical of any tax relief being granted in the present session of Congress.

Increasing signs of recession of American business, and labour THE YOKOHAMA, SPECIE BANK trouble both in the rubber and motor industries, and..

1.

LIMITED

Beller, that many issues are now Capital (fully paid up) behind the rapidly descending trend of business in the United Reserve Fund States.

Sales yesterday were over double those on Thursday at 1,890,000 shares. Reuter.

"HIGHER PRICES FOR PETROL IN ITALY

Yen, 100,000,000 N/ Yen 134,400,000.00

KRAD OFFICE:-YOKOHAMA

BRANCHER AND AGENCIES AT” Alexandria Honolula Hangoon Bangkok Hsinking Rio do Batavia Karachi Janeiro Berlin Kobe San Bombay London

Franciser Los Angeles Seattle Manila Semarang

Shanghai Singapore murrabaya Sydney

Calcatta

Rome, Nov. 20. Italian motorists are to pay more for gasoline.

Canton

Dairen

Moji (Dalny) Nagasaki Fengtien Nagora

(Mukim) New York

Hamburg Osaka Hankow Otaru Harbin Paris Hong KongPiiping

Thertain

Tokyo

Tsingtao

Tinkow

Paris, Nov. 20. The finance committee of the This announcement, it is believed

Chamber of Deputies yesterday will have the effect of increasing dealt with the problem of the pro- consumption in New Zealand and spective deficit of the French rall also of adding to the fuel oll sup-ways in 1938, the amount of which, plies of the Dominion. The benzol according to the rapporteur. will

In future his litre will cost him produced has proved highly auc-

probably be about 10.4 milliard 3.32 lire instead of 2.89 lire. cessful, especially when mixed with

This is the result of increase in francs. other grades of petrol and a con- This sum consists partly of loss the tax on a 200-lb. barrel from siderable quantity has been used for on running of the railways, name- 220 to 320 lire. aircraft. With increased produc- | ly, about four milliards, to cover It is the second increase in the tion it may eventually become a which increase in railway price of petrol in the last six commercial product for export pur- tariffs as from Jan. I next year is months, the fast increase being--

the poses. Although

statutory contemplated. the balance to be on July 13, from 2.32 to 2.89 lire*****

Proportionat increases have provision for the exemption from obtained partly by loans and partly 1400 duty is for 600,000 gallons the by means for recovery of old also been imposed in taxes on

mineral oils and by-products.... present quantity produced is about debts

Transocean. 1/8 1/38 | 20,000 gallons a year. J9 11/16

Bank Bills, on demand 30% Credita, 30 days' sight. 31%

7,78

ON BATAVIA:

1/33/32

On daniand ON PARIS:--

5號

104

Baak Bills, on demand 9071 Credits, 4 month's sight 907)

O SAIGO

Ondemand.

.90€

618

100

TelegraLbic Trapsler... 818

Baak, on demand.

ON MANILA S

Do demand................

ON BANGROE:---

On demand

SOVELLIONS Bank Buying

Rate

>

BAR BILVES. THE CB, nemus

an

Transocean.

4

Intereet allowed on Current de copata,

Deposita received for Fized Periods så rates to be obtained as

pplication,

Y. KANO,

ManageT Hong Kong, 11th Sept., 1937,

BARDIN

(Bhuket)

(Peking) samBOANGA

PINANG

HONG KONG BANGOUN

FOREIGN EXCHANGE and General Banking Business transacted.

CEARENT 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 Office in Lon. don undertakes Executor & Trustee business, and claims recovery” of, British Income Tax overpaid, on terms which may be ascertained as 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 Bank offering com

plete Foreign Banking Service in the principal Markaťa of the world.

Interest Rates on Application:

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, Naw YORK, with Resources over U.D. $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 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 SAVINGS ACCOUNTS AND OTHER BANKING FACILITIES

T. N. LEE,

Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OE CHINA A6 AN INTERNATIONAL EXCHANGE

BANK

PAID-UP CAPITAL...840,000,000.00 YBRANCHES 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: SHANGHAL

Hongkong Branch:

4, QUEEN'S ROAD. C

South China Offices:

CANTON

SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handia, the issue of Bonds and other Publig. Funds of the Chinese Government both at Home and Abroad."

SHOU J. CHEN

Manager