1938-02-24 — Page 12

12

DAILY SHARE QUOTATIONS

Hong Kong Stock

Exchange

Sharebrokers' Association

11.050 OD

lex.div. 500

214

Dow

Bank if Rast Axis. N. O. & S. Barka.. Insurances

Canton Intars/1000.- Union Insuranco..

Underwriters HK. Fires...RES

#260

$605

$1.40

080

**

1840

HONG KONG DAILY PRESS, THURSDAY, FEBRUARY 24, 1938.

H. K. STOCK AIR SERVICES OF THE

EXCHANGE

YESTERDAY'S

OFFICIAL

QUOTATIONS

Union Insurance, $505. China Underwriters, $1.40. Douglases, $60.

Union Waterboats, $9.30. HK. & W. Dock, $291. ! Providents (Old), $2.85. Providents (New), 85 cts. H. & S. Hotels, $8.70. .H.K. Realties, $5.40.

Варные

Salre

WEDNESDAY-Į

FEB. 23.

delete

kayem

Salas Jomina

Banka

H.K. Banks

ав

$1,565

Po. (London) ...!

XD

2001

Uhartered Banks...

Eist

Mercantile Bks. “A'

Market ruled firm and steady and prices continue to show lai- provement.

fre

BUYERS

214

192

HK. Bank, $1555 c.d.

32

Canton Insurance, $260.

$230

3600 $1.40

$140

Shipping

Donglares

180

11

Sesimbrute

161 343

Indo-Uhinas (prof.)

$61

D

(def.).

$43

21/0

Shells

91/6

Waterhouta

$0.30

H.K. Tramways, $14.80.

Mining

Peak Trams (Old), $64.

14.

Kailans

14/-

China Lights (Old), $11.30.

17)

RaubaAAN DER AUD

ST

Venezuela Gold Fit

(I ats.

"Blongkong Minsa.

$3)

Docks. Wharvss,

China Lights (New), $7.80, HK. Electrics, $50. Macao Electrics, $191.

Telephones (Old), $25.90.

Telephones (New), $94.

$129

Dairy Farma, $25.60.

265

$2.85

(new) 3 C.

Watsons, $8.10.

85 C

Lane, Crawfords. $81.

$392

185

Constructions, $14.

15

H.K. Govt. 4% Loan, $21%pm.

Wallace Harpers, $51.

50.30

$1.86 36 0.

$6.70

$3.00

$2,85

30 c.

85 0.

35.401

154

1:

*

"Do.

Giudowns, sta.

$130 H.K. & K, Wharroi.

121

Providents (old)

1.K, &W. Dooks

Shangazi Docka 3. Now Engineering: 8. Lands, Hotels, and

Buldings

H.K. Hotels

H.K. Lands..........

$8.70

33

$100

Do. 4% Dabentures

17

Shanghai Lauda...8.

$100

Metropolitan Landa.

H.K. Realties.

$3.45

151

上

Rumphropa

$8.5

$88

3114

3'ha Cottous ...........$.

Zoong Sings.......

Wing Do Textiles(15.)}

---

Ewo Cotton Rta S.

Pubile Utilitlem

Tramways

Chinese Estalo.

Cotton. Mill

EWOR

Do.

$14.80 181

$14.90

Star Ferrionn

826,35

11,30 $7.50

$11.361

$691

3591/60

$101

Blok

$15.90

Tolopitones (old)

谢

Do,

22/6

Tractions

25.00

int

!!!!!

Marsmans (H.K.), 5/-

SELLERS

Providents (Old), $2,90. Providents (Old), 90 cts, Peak Trams (New), $33.

SALES

Providents (Old), $2.85. Providents (New), 85 cts. H.K. Lands, $331.

Benguet Consol., $9.80.

H.K. Realties, $5%

$69

H.K, Tramways. $14.90.

#94

China Lights (Old), $11.35.

132

HK. Electrics, $593/50.

Antamoks, 1 cts.

Atoks. 26 cts.

Bagulo Gold, 23 cts.

$83

Coco Grove, 63 cts.

#11.35)......

$50

$25.BU

******{ $14,88) $10

Posk Trama (old).....) [181

Do (now)...] $

Yaumati Forries 95.30 #151

Chins Lights (old)...| $11.30)

(now)... $8.10

Da Ku "

H.K. Electrica $581 Macau do.

PARAZA

Sandakan Lights ....

(now)... ${

Do. (prot.)...

Do. Prof.3

Industrials

$143

Cald., Maog. (Ord.)8)

$15

$6,70

Canton Ises

315

Cements

$4,60

Ropes.......

Consolidated Mines, .011 Cts. Demonstrations. 421 cts. 1.X.L.. 71 cts.

Paracale Gumaus, 25 cts. San Mauricio, 65 cts.

་་་

Suyoc Consol., 20† cts. United Paracales, 52 cts.

CD

93/-

#B

$1.60

$15

$4.85

325)

Miscellaneous

Dairy Farms

Ch. Etsinments...... 18.30

Constructions, (old) sti

Do. (now)

S. C. Enterprise....

1

.

FUTURE

Australia In Two Days

CORAL ISLES AS

PORTS

A forecast of express air services which might bring South Africa within one day and Australia within two days of Eng- land WELS

in a included

оп paper

world air routes 'which was read before the Royal Society of Arts" recently by Mr. C. J. Galpin, Director of Oversea Civil Aviation. He also in- dicated some of the now world air routes which might be "operated; and spoke of the need of cooperation among people

now competing on the main air routes, says the Times

Mr. Galpin said the establish- ; suggestion, which WAS actively ment of the world air route scross | sponsored in Australia, appeared the Atlantic, the bridge which was somewhat premature since there to link the most active civilisations would hardly be sufficient traffic the world had yet seen, was now to justify a foute so unremunera - being accomplished. The achieve- |tive along its course while the bet- ments of the pioneers were being ter established service was running adapted to general use by the round the northern shores of the creation at the hands of engineers Indian Ocean,

af forms of equipment in which

EXPRESS SYSTEM

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

· BANKING CORPORATION ·

Authorised Capital

......$30,000,000

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

Sterling

H.K. Currency Reserve $16,000,000 Reserve Liability of

Proprietors

1

AUSTRALIA AND CHINA incorporated by Rugal Charter, 18is

HEAD OFFICE: LONDON: 38, Bishopsgate EC.3.

Paid-up Capital.......... ...$20,000,000 | +overve Fund....

Head Office:HONG KONG

Rosarya Klablilty of Pro-

prietors..

83.000.000 £3.000.000

£3.000.000

MANCHESTER BRANCH: 71. Mosley, Street, Manchester.

AGENCIES AND BRANCHES:

ILOILO

$11008 AMRITSAR IPOR BANGKOK

Chairman.

Deputy Chairman, | ALOR STAR

Board of Directors. G. Miskin, Esq..

Hon. Mr. M. T. Johnson,

J. E. Bousfeld, Esq., A. H. Compton, Esq., S. H. Dodwell, Esq., J. R. Masson, Esq., K. S. Morrison, Esq.,

A. L. Shields, Esq.,

MEDAN

BITIAWAN

NEW YORK TSINGTAO YAPING

YOKOHAMA

98MARANG

KARACHI

SEVENBANG

BATAVIA

KLANG

MANUA

11

BOMBAY

КОВЕ

SINGAPORI

CALCUTTA

其DALA

Hon. Mr. J. J. Paterson, T. E. Pearce, Esq..

CANTON

LUMPUR

SOURABATA

CAWNTORSB

KUCHING

TAIPING

Sir Vandeleur M. Grayburn.

CEBU COLOMEC

MADRAS

TIENTSIN

MANILA

TONGKA

Chief Manager. | DELRI

(Bhuket)

RAIPHONG

Branches

HAMBURG

Iloilo

Peiping

HANEOW

Ipah

Penang

HARBIN

Johore

Rangoon

Kobe

Saigon

Kowloon Kuala

San

Francisco

London

Lyons

Malacon

Manila Muar

Sungei

Patani

Tientsin

the journey across the ocean coul! be made with those reasonable the results of successfully bridging Bangkok

It was reasonable to expect that Amoy

It would be a bold man

margins of safety and regularity | the 2.000 miles of the Atlante Batavia which ordinary men and women Ocean would be capable at applien- Bombay required.

tion elsewhere. It was not too Calcutta who wild a "dream to suppose that on Canton would say that reliability on that the present system of routes which Chefoo route, almost up to the standard formed what might be called or- Colombo of the rallway,

Dairea Imdinary service there might be practicable Ideal. The Journey superimposed an express service, from London to New York by the operating at ady 300 miles an hour Queen Mary was scheduled to take and employing its aircraft econo: just under Ave days; the air ser-mically over, single fights of 1,700 vice running even at present speeds to 2,500 miles. would need less than a day, and a

was an

It would then be practicable to

half, and that was only the begin-lay out an express system of long ning of development.

hops in a kind of world network.

PACIFIC ROUTE

Lumpur Shanghai

11

Singapore Sourabaya

(Peking) zaMBOANGA

PENANG

HONG TONG RANGOON

FORTION EXCHANGE and General Banking Business transacted.

CURRENT 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 London undertakes Executor and Trustee business, and claims re- covery of British Income TAX overpaid, on terms which may be in ascertained at any of the Agencies..

R. W. ROBERTS,

Foochow Haiphong Hamburg Hankow (Johore) Tokyo Harbin Makden Tsingtao Hongkew New York Yokohama

Local Currency and Fixed Deposits and Branches.

Current Accounts opened received for one year or shorter periods in Local Currency and Sterling on terms which will be

Boxes in various sizes To Let

Also up to date Safe Deposit|

Hong Kong, 12th May, 1937.

binding the whole of the traffic It could not be long before system together by great junction: American activity in the Pacific tealighting places specially designed quoted on application. wards New Zealand would provoke tor the purposes of long-distance a response. Discussions were a aircraft. This would mean that ready on foot between the British from England South Africa might Governments concerned with be reached in about a day. Aus- view to cooperation in the exploits-tralia in two days, New Yory in 12 tion of that route. The interest-hours, and South America in less ing point about that route was the than 24 hours. sudden emergence of certain hit-

From the big junctions would herto unwanted little islands into radiate slower services operating value and prominence: Those is in smaller hops so that no place Business of the above Bank is conducted by the lets. which were in effect little would be farther from a Junction HONG KONG & SHANGHAI more than lagoons surrounded by than 1,200 miles, or eight to 10 BANKING CORPORATION, Rules, a ring of coral on which the sparse hours flying.

may be obtained on application. earth had accumulated, giving rise No

viewed with one who

For the Hong Kong & SHANGHAI; to low forms of vegetation, form-thusiasm the propect of a world-

BANKING CORPORATION. ed admirable sheltered alighting wide system of air routes could places for tying-boats.

help feeling that an essential con-

en-

THE EXCHANGE in or 10 miles in diameter, larger measure of cooperation be

MARKET

MESSRS. ROZA BROS

Wednesday, Feb. 23. Silver prices rose yesterday to the extent of 1/18 for Ready and airport. 1/8 for Forward, the quotations

come

HONG KONG SAVINGS BANK

THE

V. M. GRAYBURN,

Chief Manager. Hong Kong, 1st March, 1837.

BANK OF EAST ASIA.. LIMITED.

Authorised Capital ...810,000,000.00 Paid-up Capital

serve and Undivided

Profts.............

No.

Manager.

THE CHASE BANK

13, QUEEN'S ROAD CENTRAL

-HEAD OFFICE:

An

18, PINE STILENT,

NEW YORK.

American Bank offering com plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.

BAFS DEPOSIT BOXES

This Bank is entirely owned by THE Силав NATIONAL BANE, NEW YORK, with Resources ‘over U.S. $2,500,000,000.

D. M. BIGGAR,

Manager.

BANK OF CHINA Specially Chartered by

5,595,600.00

2,778,726.76| THE NATIONAL GOVERNMENT

OF CHINA AS AN INTERNATIONAL EXCHANGE

Head Office:-HONG KONG

10, Des Voeux Road, Central.

In some cases the lagoons were dition of its realization was a

marshy in parts, but"in others

ween people who were now 'com - sufficiently deep for navigation.peting. It was true that he who Submerged coral heads had to be laid down the ground organization dynamited out of the way, but necessary for a world route must atter a cleaning-up process, which allow others to use it at a rental might, of course, prove expensive which would never repay him his a South Sea coral island could be capital, but the policy of throw- come a satisfactory and hospitable ing open facilities for the use of others reaped reciprocal benents. There were several new routes and the time might soon being 20 1/8 and 19 7/8 respective-which might come to be employed when the principle of the freedom 17. Silver advices reported India One was the interesting north of the air would be found worth and speculators as having bought. wards Pacific route from Canada while not only politically but also After the official fixing there were across to Russia by way of Alaska commercially.

and

there Siberia. Although buyers at the rate. Sellers were

In a form of transport so es-

Sir Bhouson Chow, Chairman Li Koon Chun. Esq. Li Lan Yang, Esq. and naturally inter-K. Kwok, Eaq, WongChaSon, Esq. reserved. The market was steady might be certain political difficul-sentially The New York market was closed ties the route was straightforward national as fring, International Wong Yunlong Esq. Kan Ying Pun and was in fact already complete advantages must eventually pre- except for two short lengths. vail over those which were purely There was the ambitions project national: While he would not for linking Russia direct with advocate the ideal of a world-wide. Canada and the United States regimented uniformity, they would across the Polar regions.

all welcome the advent of an ac- The recent disaster to the third tive and vigorous corporate system There were sellers at 1/3 Feb-Russian fight along that route had the qualities of which should he Amoy ruary/May and 1/2 31/32 June.not diverted the Russians and a rivalry without enmity and com-eutta buyers at 1/3 1/32 Cash/May and special commission had just been bination without complacency.

Lane Crawfords...

$80.

Nanyang Tobacco...

11.90 Bincare

180

$8.30

Watsons www.

28.10

657. Cu.G.5X1925G. Bd.

85%

2. p.

H.K. Gers, 4% Coane

$101

par

Do: 24%

$100

*St

Wallace Harpers.....

#39

B.K Wing On

40

S'ha!

Do

$+3

$6

Vibro Piling

$6

70 cts,

Quiet.

18/9 Marsmens frv. (Lon.)]

5 ota

LONDON

Paris

Седета

Berlin

Athens

Milan

Copenhagen

Stockholm

Shanghai

New York Amsterdam Vienna

Prague

Wm: Towa'ls

(EL.K.)

Sales to Shanghai-

EXCHANGE RATES

(British Wireless Servico)

Feb. 22: 153-11/32

yesterday.

The London/New York - CTOSS- rate was quoted at 501 65.

MARKET

STERLING

U.S. DOLLARS

1/3 June.

There were sellers at 31 ruary/March and 31 5/16 May, buyers at 31 7/16 Cash/April and 31 3/8 May.

established

to prepare 2 pro- gramme of experiments for this Feb-year. There was also the project April/of a route from Australia to Africa, passing through the Keeling Is- lands and the Seychelles and join- ing up at Mombasa with the routes running north and west. That

Feb. 19.

152-20/15

21.593

21.58

12.401

12.40%

95+13/16

95]

19.401

5.02-1/18 8.00-11/16

5.01

8.961

1423

1428

¡ for Spot. U.8. Dollars, sellers at

Helsingfors

Lisbon

Hong Kong

Bombay

Montreal

5.011

Brussels

29.53

5.011 29.551

Yokohama

Belgrade

Monte Video

Silver (Spot)

War Loan

Closing Quotations

February 23, 1429.

Telegraphic Transier...

Bank Bills, on demand

ON-LONDON:-

SHANGHAI DOLLARS There were sellers at 105 13/16. buyers at 105 7/8 for Spot.

SHANGHAI MARKET

· 1.

́NEW YORK EXCHANGE

The New York Stock Ex- change was closed on Tuesday. Regular stock quotations will.. be resumed tomorrow.

Board of Directors:-

BANK

PAID-UP CAPITAL...840,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches

in Chins and connections in the Chan Ching Shek, Fong Ping Wah, principal Commercial Centres of

Esq

the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange.

Eaq.

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

Brunches und Agencies;—

Batavis .Jombay

Mankin

Kalpboog

Kowloon Penang Surabaya London Rangoon Swacow Manila #Salg Melbourne San Fryn- Xoseak!

Casa New York Sanctie

Bydney

Taihuku

Tintes

Tokra

Haokow

UMKA

Namkeen

VANDOGTER

Honolulu Purle

Koby

Priping

Shanghai Blagupere

Tatahsma

Head Office: SHANGHAI Hongkong Branch:

4. QUEEN'S ROAD: C

South China Officer:

CANTON

SWATOW SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bands

and other Public Funda of the

Every description of Banking and Exchange business transacted. Loans

on granted

approved securities.

Current Accounts opened in Local Currency and Fixed Deposits re Chinese Government both at Hois ceived for one year or shorter and Abroad,

SHOU J. CHEN

There were sellers of Sterling BRITAIN LOSES HER SAILING SHIPS periods in Local and Foreign Car-

at 1/2 13/64, buyers at 1/2 15/64

29 23/32, at 29. 3/4 for Spot.

در

· REICHSMARK QUOTATIONS

Berlin, Feb. 22.

The Reichsmark was quoted, without guarantée, as follows:---

New York, 40.45

Paris, 1235.

Amsterdam, 72.27.

London, 12,407.

Parts Sterling, 153.25 to 153.40.

rencies on terms which will be

Safe Deposit Boxes To Let.

KAN TONG PO,

Chief Manager.

Sall is slowly dying, and very follow the sea, even if under less quoted on application. soon beautiful white canvas romantic conditions: scudding across the ocean will be There are today only 381 British a. rare sight, But that famous sailing ships on Lloyd's Register, old clipper, Cutty Sark, whose very nearly 300 fewer than before the name stira the blood and imagi- war,,, And these are mostly small nation of "ancient mariners,” is to ships which can never know the remain a

lasting monument to excitements and thrills of those those romantie days of "sall, grand old windjammers which according to the Glasgow Bulletin used to race across the seas ́at

London, Feb. 22. People from all over the world incredible speeds,

Formal Anglo-Eire talks have have wanted to get possession"-of

been postponed owing to the Pre- The highest authenticated speed mier's preoccupation in the House this almost legendary ship, “.... but

HIGHEST SPEED EVER MADE

ANGLO-EIRE TALKS CONTINUE

Manager.

THE YOKOHAMA, SPECIE BANK

LIMITED

Capital (fully paid up)

Yon 100,000,000.00 Reserve Fund...Yen 134,400,000.00 Head Office: YOKOHAMA

BRANCHES AND AGENCIES AT?

Paris U.S. Dollar, 30.49 to 30.50 once more her owner has announ-ever-made by a zalling ship is re- of Commons, but preliminary con-Alexandría Honolulu Rangoon

(Transocean).

.

gatea.

F

conded in the log of the James versations were held today between Bangkok Baines for June 18, 1856. The British Ministers and Irish dele-Batavia entry ran--"8.30 p.m., in all ster-

Berlia board stud-sails. Ship "going 21

Bombay It is understood trade questions Calcutta For 51 years, unt!! 1922, she knots, main skysail, set." In Jaus. and Tang Shou-ming. who left salled the seas, one of her greatestuary, 1863, another famous wind- were discussed, and it is expected Canton Shanghal for Hankow some time triumphs being when she made jammer, Red Jacket, covered 417 the talks will be resumed tomor- Dairen

row (Reuter) Bydney to sea miles, in 24 hours. ago to interview the. Central au-the journey from

The sailing ship record between thorities over currency matters, shant in 67 days. This is re- have returned to Shanghai states Barded as one of the most remark-England and Austraila was created a eport to the "Crystal Both inable performances by a sailing by the Thermopylae, Hankow and during their brief ship.

maiden voyage,

213

Bucharest

Bio

Silver (Forward)

19-7/16 19-15/16

191

201

31% 103-7/16

ced that she is not for sale.

SALLED THE SEAH FOR

51 YEARS

ON New York:

Bank Bills, on demand. 311/18 Credita, 60 days' night 315

Three well known, local bankers, Messrs. X. M. Chlen, K. P. Chen

ON BATAVIA,

Credits, 4 months' sight 1/3)-

On demand..kný

50

ON PARIB:-

ON SHANGHAI :— «|

On demand .....

1041

On Singapor#!--- =

On demand

14)

On demand

ON MANILA-

ON JAPAN:-

On demand....

€24

ON BANGKOK-

On demand

1081

ON INDIA:

On demand Sovereign Notes

149

Telegraphie Transfer... Baak, on demand .....

Bank Bills, on demand 945. Credits, 4 months' sight 1,005 ON-SALOON -

on

her

JAPANESE REFUSE CODED CABLES

Hainking Rio do Karichi

Janeiro

Kobe Вад London Francisco

Los Angeles Seattle

Manila Semarang Moji Shanghai

(Dainy) Nagasaki Singapore Pragtien Nagoya

Boerabaya

(Mukden) New York Sydney

Hamburg Osaka Tiantain

Earbin

Hong Kong Peking

Hankow

Otsru Tokyo Paris

Tsingtao

Tinkow

allowed

on

Current

for

Fired

Interest Accounts.az.

Deposita received

when she made On the Australia and China runs Melbourne from the Thames in 60

· stop-overs in Hong Kong, it is re-

Pelping, Feb. 23. ported, the trio had several meet- she brought home the wool clips days....".

The

Im Japanese authorities ings with the President of the and tea in record times..

The thrill of a great liner being Chefoo are refusing to accept Now she rides proudly at her docked by fumy little tugs cannot coded telegrams from British and Periods at rates to be obtained Executive Yuan and concurrently Minister of Finance, Dr. H. E moorings in Falmouth Harbour, compare with the fascination of other businessmen and will not on application. Kung, and the Chairman of the still performing, sallant service as what John Masefield has called not agree to a Consular guarantee. Banic Buying Rate.... 1/31/18 Board of Directors of the Bank of a training ship for the youths of seeing strange lands from under such as is in force in Shanghai-

China, Mr. T. V. Boong.

the country who also want to the arched white sails of ships." (Reuter). 201

BAR SUTER, për œ sum,

Y. KANO,

Manager.

Hong Kong, 14th Feb., 1838.