1938-03-08 — Page 12

12

DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

zy d

Islas

MONDAY. MARCH 7.

BARKA

H.K. Banks

Do (London).

***

Sharebrokers'

Association

Baliers

Bayes

5a/pu Mamina

Do

Bank of East Asia...

N. O. & 8. Banka .... Insuranoom

Canton Insurances..

3847.K. Firos...

HONG KONG DAILY PRESS, TUESDAY, MARCH 8, 1938.

THE EXCHANGE

MARKET

MESSRS. ROZA BROS.

Silver prices rose 1/18 over the week-end for both deliveries, thei being 20 quotations

5/18 11,600 Ready and 20 for Forward. Silver

296

£14

for

TRADE CONDITIONS

REVIEWED

Decline In Commodity And Security Prices

The Immediate outlook has been advices reported. Speculators as The turn of the year is an ap- having bought to a small extent propriate occasion for reviewing obscured by the definite recession The market was steady. Ameri-the events of the twelve months 01 activity in the United States, can Silver was quoted at 44 3/4 which have just passed and for but while adequate reservations for the possible for Spot.

comparing the present altuation must be made The London-New

cross-with that ruling at the close "of consequences of any accentuation rate was quoted at 501.30. New 1936, states the Monthly Review of this development, fundamental York-London was quoted at 501 of Barclays Bank Ltd.

$1,595

£90

212

Uhartered Banks

£1

239

Mercantile Bks. "A"

£14

385

386

$2

$3778

8978

3643 $1.60

7555

Union InmarILD OGI

3650

:::

Underwriter

...............)

$1.00

1/4.

3945

Shipping

MARKET

*594

Dougla

$691

Quiet

Stentul s

#IL

151

Indo-Chinas (prof.)

351

143

Do.

(def.)

943

There

Wateronta

$9.30

$9.30

Malag

15/6

Kailans

Kauba

15/6 $7

17.40

$4

$133 $34

3.30/50

89/4 Shells...

Venezuak Gold Fi«t«.

1 ata. "Hongkong Mices.

Docks, Wharves,

Godowas, ets.

$133 Providents (olit! $3.40 Do. (new)

H.K. & K. WLAN

1.K. & W. Docks Shangusi Docks S.

13 New Engineerings S.

-Buildings

***

$34

York

STERLING were sellers

at

1/3

89/4 March-June and 1/2 31/32 July buyers at 1/3 1732 Cash-June and 1/3 August.

3.40/4/35.

81 40

43

$85

13

U.S. DOLLARS

Sellers at 31 3/8 March and 31 6/16 April-May, buyers at 31 7/16 Cash and 31 3/8 April-May.

SHANGHAI DOLLARS Sellers at 105 11/16. buyers probably at 105 13/16 for Spot.

SHANGHAI MARKET "There were sellers of Sterling at 1/2 7/32. buyers at 1/2 13/64 for Spot. U.S. Dollars. sellers at 29 11 18 buyers at .29 13/32 for Spot.

Lands, Hotels, and

$7,30

H.K. Hotels

$7,10

$35

H.K Laada....... $35

$100

Do. 4% Dobentures!

$100

Shanghai Lauda...

Metropolitan Lands..

$5.85

H.K. Realtles..

$8

IN THE AFTERNOON The market was afternoon.

$81

Humphreys 18.11

187

Chineas Extato........

STERLING

Cotton Mills

$164

::

i

$13 30 EwoS

$72

S'bos Cottons.......

Zoong Singa***** Wing On Textiles(S.) Ewo Cotton Rta. S

Pablle Ulikima

Tramways.......................... Pork Trams (old)...)

Va (new)... *31

H**

3:.70

Cements

Kopia

Miscellaneous

8154

At that time it was possible to look back upon over four years of sustained recovery in this country and to look forward with a certain degree of confidence to some mea-

as the United conditions, so far Kingdom is concerned, afford no grounds for fears of an early major deterioration of the economic situation.

SHIPPING AND SHIPBUILDING international revival of The

sure of further Improvement in trade has been reflected in. the ap- economic conditions,

Complete statistical data for the whole of 1937 are not yet available, but the figures so far published are sumcient to show that the hopes entertained at the beginning of the year were well founded.

25

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

Authorised Capital

.........$50,000,000

Issued & Fully Paid-Up 820,000,000, Reserve Funds:-

Sterling

V

£6,500,000

B.K. Currency Reserve 810,000,000 | Reserve Liability of

Proprietors

AUSTRALIA AND CHINÁ Incorporated by Royal Charter, 1833

READ OFFICE: LONDON: 38, Bishopsgate E.C.2.

Paid-up Capital... -$20,000,000 | Reserve Fund.

Head Office:-HONG KONG

Board of Directora T. E. Pearce, Esq.,

Hon. Mr. J. J. Paterson,

Chairman.

Deputy Chairman,

J. K. Bousfield, Esq., A. H. Compton, Esq.,

Hon. Mr. S. H. Dodwell, Hon. Mr M. T. Johnson,

J. R. Masson, Esq.,

G. Miskin, Esq.,

K. 8. Morrison, Esq..

Reserve Liability of Pro- printöra.

£3.000.000 £3.000.000

£3.000.000

SAIGON

MANCHESTER BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES:

ILOILO ALOR STAR

IPE KARACHI

KLANG ROBK KUALA

AMRITSAR BANGKOK BATAVIA BOMBAY

SEMARANG

BCHEMBANO

**NGHAL

SINGAPORZ

CALCUTTA

CANTON

LUMPUR

ΒΙΤΣΑΝ ΑΝ BOURABAYA

CAWNPORE RUCHING 4632 COLOMBO

DELHI

MADRAS

TIENTAIN

MANILA

TONGKAR

MEDAN

NEW YORK

(Bhuket) TSINGTAO

PRIPINO

YOKOHAMA

A. L. Shields, Esq., Sir Yandeleur M. Grayburn,

Chief Manager. HAIPHONG

Bangkok

Kobe

Branches:- Ipot. Johore

Penang Rangoon

Saigon

Kowloon Kuala

Яад

London

Lyons

Sourabaya

Malacca

Sungei

Manila

Patani

Muar

Swatow,

(Johor) Mukden Tokyo

Tientsin

New York Peiping

Tsingtao Yokohama

Current Accounts

opened

HAMBURG

HANKOW

KARHIN

TAIPING

HONG KONG

(Peking) ZAMBOANGA

PENANG

HANGOON

"

FOREIGN EXCHANGE and General Francisco Banking Business transacted. Lumpur Shanghai

Singapore

CURRENT ACCOUNTS opened and FIXED DEPOSIT received for One Year or shorter periods at, raten 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 ascertained at any of the Agencies and Branches..

R. W. ROBERTS,

Manager.

preciable increase in merchant under corìstruction in tonnage

Ireland Britain and Great revealed by Lloyd's Register Ship- building Returns, while the quar terly figures of laid-up tonnage is-Amoy sued by the Chamber of Shipping Batavia have marked the virtual elimina-Bombay For example, according to the tion of the national problem of Calcutta Board of Trade Index of Produc-idle British shipping. The rise in Canton tion, output in the three months freight rates during the year to Chefoo ended June, 1937, both for manu-a level greatly in excess of the Colombo tacturing industries and for all average for 1929 has made it cer- Dairen

Foochow gropps combined, was the greatest tain that the Tramp Shipping

Haiphong recorded in any quarter up to that subsidy will not be payable for

Hamburg time. while, amongst the individual 1937 On the definite assumption. Hankow items, the figures for iron and postulated by the Government Harbin . steel. textiles, engineering and when the renewal of the subsidy Hangkem quiet in the shipbuilding, non-ferrous metals, for that year was announced in Iloilo

chemicals, olls, etc., and the fact November, 1936, that the industry output of food, drink and would be expected to make its tory tobacon reached fresh high levels. plans without the prospect of a Local Currency and Fixed Deposits In accordance with the usual subsidy after the end of 1937, al received for one year or shorter seasonal trend, the indices for the scheme of voluntary co-operation periods in Local and other Cur- September quarter showed a re-for the maintenance of freight rencies on terms which will be cession from these high figures, rates was prepared. The scheme. quoted on application.

Also up to date Safe Deposit but, while the decline was more which was duly approved by Bri- marked than has been the case tish tramp shipowners and had Boxes in various sizes To Let. Hong Kong. 26th Feb., 1938. recent years, the indices for the support of British liner owners, in

all the Industrial became effective on 1st January. practically groups were much above those for 1938. At a meeting on 17th De- the corresponding period twelve cember of the constituents of the Confer- months earlier, and in the case of International Shipping non-ferrous metals the index was ence, a resolution was unanimous- even higher than for the preced-ly adopted accepting the principle ing three months.

of continued international freight co-operation and approving the

The market closed with sellers 12 at 1/3 March-June and 1/2 31/32 July-August. buyers at 1/3 1/22 Cash-June and 1/3 August.

$70

#24

$32

U.S. DOLLARS

The market closed with sellers at 31 3/9 March and 31 5/16 April-May, buyers at 31 7/18 Cash and 31 3/8 May and probably April.

YESTERDAY'S

OFFICIAL

QUOTATIONS

An

$7

$831

Star Ferries 183

1263

Yaumati Ferries

$2

812)

Chins Lights (old).

812.45

19.15

Dur

(new)...) $8.16

Do. Ro...

3011 611

"H.K. Electrics ......

801

H.

3192

Macao do.

#14

Saudakuu Lights ...

Telephones föld)....

(27)

K. STOCK EXCHANGE

$10.30

Do. (now)...$10.40

29.6

23 6

Tractions

23/6

Do. (prof.).....

Industrials

3142

Cald, Macg. (Ord.)S)

815

Do. Pref.)S

$17.50

Canton Leen

$1.60

$1.00

8171

$17

301

$261

Dairy Farrow... .

3252

Ch. E'tainments......

37

(new)

$91

Lane Crawforda....

Nanyang Tobacco

$1.90

Sinceros................. --] 1.80

$0.80

18.00

Wat 2008.gunsten des

$6.00

S. C. Enterprises ....

67.

Cu.G. 521925G.@Bd

0,7%

HK, Gart. 42. Conor

Do. 31%

$103) $100

Wallace Harper

$39

HX Wing Ou...

40

S'bai Do

$13

301

Vibro Piling

$51

وار

(H.K.)

Win Powells

[70 cla

་་

Constructions, (old) 1

De.

17/8 Maracans liv. (Lon.)

*Sales to Shanghai

EXCHANGE RATES

March 3.

DECLINE IN PRICES

British scheme as a basis. OVERSEAS TRADE

in

THE CHASE BANK

10, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

18, PINE STREST,

NEW YORK.

HONG KONG SAVINGS BANK An American Bank offering com-

The Business of the above Bank

is conducted by the HONG KONG SHANGHAI BANKING COR. PORATION. Rules may be ob tained on application.

For the Hoxo KONG & SHANGHAI

BANKING CORPORATION,

V. M. GRAYBURN,

Chief Manager. Hong Kong. 26th Feb. 1938.

BANK OF EAST ASIA, LIMITED.

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

Interest Rates on Application.

BAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANE, NEW YORK, with Resources over U.S. $2,300,000,000.

D. M. BIGGAR,

Manager.

An indication of the value of these statistics as a guide to the The further economic progress progress made is afforded by the made in the United Kingdom dur- fact that the sections of industrying 1937 has again been largely covered represent over 70 per cent. founded upon a higher level of or the total manufacturing and domestic trading activity, but the mining activity of the United first eleven months of the year) The market continues firm with Kingdom and, apart from" build-have also been notable for a mark-" prices well-maintained. ening, about 90 per cent. of the total ed improvement in external busi- quiry for Underwriters found activity of the industrial groupsness. "As will be seen from the

BANK OF CHINA bare market, and a rise in the for which calculations are made. appended figures, however, the buying rate to $14 failed to attract For building, the proportion is greatly

Specially Chartered by failed to main-about 30 per cent. shares. Unlons

United Kingdom overseas trade. Authorised Capital ....810,000,000.00|

Paid-up Capital 5,508,600.00 THE NATIONAL GOVERNMENT tain their price and fell away to

The past year. however, has while being partly the result of a

Reserve and Undivided

OF CHINA AS AN $545 business. done.

Proats been by 110 rheans free from very considerable rise in British

2,776,728,76

INTERNATIONAL. EXCHANGE mainly due to a disturbing influences and the de- exports, was

Head Office:-HONG KONG cline in commodity and security heavy expansion in imports, with that 簇 much prices in recent months is agmp- the consequence tomatie of the element of un-larger adverse visible balance of trade has been certainty to which these influences merchandise have given rise.

BUYERS

H.K. Bank, $1595.

Union Insurance, $545.

China Underwriters, $12. Union Waterboats, $9.30. FI.K. & K. Wharves, $134. HK. & W. Docks, $341. Providents" (Old), $3t. Providents (New), $15. Raubs, $7.40,

H.K. Lands, $35. H.K. Realties. $5.85.

HK Tramways, $151. Peak Trams (Old), $7. Star Ferries, $831. Yaumati Yerries, $201. China Lights (Old), $12.40. 'China Lights (New), $8.15.

HK. Electrics. $611. Telephones (New); $10.30. Cements, $17.70..

LONDON

(British Wireless Service)

Paris

March 1

·153-23,32.

.

Geneva

21.601

150-31/32 21.61

Berlin

12.40

12.40

Athens

Milan

953

958

Copenhagen

Stockholm

Wm. Powell, Ltd., 60 cts. Constructions, $14.

Shanghal

New York

Amsterdam

Vienna

5.01-13/16

8.961

5.01-13/14 8.962

1427

142-11/16

Prague

Helsingfors

Lisbon

Hong Kong

Bombay

Montreal

5.017

Brussels

Yokohama

29.551

5.01-13/16 29.501

Closing Quotations

Bank Bills, on demand 311/16

Credits, 60 days' sight 311

Watsons, $6.80.

HX. Govt. 4% Loan. 32%.pm. ELK. Govt. 31% pm...14% pm, Wallace Harpers. $61.

SELLERS

Union Insurance, $555. H. & S. Hotels, $7.10. Sandakan Lights, $141. H.K. Ropes, $54.

Marsmans (HK) 8/- 4/9

SALES

Union Insurance, $545. Providents (Old), $3.50. Providents (New), $1. HK. Landa, 335-51. HK. Tramways, $155. Star Ferries, $834.

China Lights (Old), $12.50.

China Lights (New), $9.30..

EK. Electrics, $61

Cements, $17,90-18.

HK Ropes. $51.

Dairy Farms,: $25). Watsons, $6,90,

Belgrade

Monte Video

214

217

Bucharest

Rio

Silver (Forward)

191

197

Bilver (Spot)

20-1/16

War Lon

34% 103-3/16

20-3/18 31% 1021

March 7, 1839.

ON NEW YORK:-

"

ON LONDON:-

Telegraphic Transfer...) Bank Bills, on demand f Credits, 4 months' sight 1/3

1/2

ON BATAVIA! —-

On demand

50k

ON PARIS:-

Atoks, .26

9 2. 9. 2

ON SHANGRAI:----

Bank Billa, on demand 950

On demand

1041

Credits, 4 months' sight

Bagulo Gold. .23

1,010

ON SALOON: --

ON SINGAPORE:

On demand

On demand.

.521

ON MANILA:-

ON JAPAN:-

On demand

B},

On demand

1001

ON BANGKOK-

On demand

149

ON INDIA:-

Sovereign Notes

Telegraphie Transfer...)

Bank Buying Rate.............

1/21/10

Bank, on demand

905/14

BAB BITVER, per o

(Prices below in Phil Currency}

Antamoks Pa., 57

Benguet Consol., 9.80

Coco Grove, .56

Consol, Mines,' .011

Demonstrations, 88 IX.L.. 77.

Paracale Gumaus, 23 Ban Mauricio, 55 Suyoe Consol., 19

United Paracales, .44

PHILIPPINE

MINING NEWS

realised.

Increased

turnover o:

NEW AMERICAN BOND ISSUE

PHILIPPINE IRON MINES, Inc.. Refinancing Move To Replace

No. 10, Des Voeux Road, Central.

Board of Directors :---

Sir Shouson Chow, Chairman.

Li Koon Chun, Esq. Li Lan Faux, Esq,

BANK

PAID-UP CAPITAL...$40,000,000.00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branchen

in China and connections in the

P. K. Kwok, Esq. WongChuSon, Esq. principal Commercial Centres of Wong YunTong, Esq. Kan Ying Pe. bag the World, we are able to extend Chan Ching Shok Fung Ping Wah,

to our Clients special facilities for Esq,

Domestic and Foreign Banking and Kan Tong Po._48q, Chief Manager.Exchange. Li The Fong, Esq., Manager.

{!

Branches and Agencies;~-~

Kawloon Penang

has declared a five per cent interi dividend on common shares of the corporation to stockholders of record as of February 26, according

March Maturities

Алак

Washington, Mar. 6.

Batavia Boubey

London SABXOOD

Manta Balgon

to a notice sent out by the com- pany.

1

Mr. Henry Morgenthau, Secre- tary of the United States Treasury, phong EASTERN DEVELOPMENT Com-today announced the terms Kabe

Calenda

Canton

Melbourne San Franc MARENES

Hankow

Now Yock Ducks

Hazǝiala

Parla

0%

pany, Inc., stock is now listed on the March refinancing operations. Every

the big board of the Manila Stock Exchange.

Faq

Surabaya Bwstow Bydney

Talhoku

eisoe Tintain Bencile Tokyo Semaran Vancoufes Shangha Yokohama Peiptas Bingapore

description of Banking

Head Office: SHANGHAI Hongkong Branch:

4, QUEEN'S ROAD, C.

South China Offices:

CANTON

SWATOW

SHIUOHOW

KONGMOON

TOISHAN

KINGCHOW

We also handle the issue of Bonds

He stated that the Treasury and Exchange business transacted and other Public Funds of the approved Chinese Government both at Home

securities.

The stock symbol is "ED," while was offering 101 year 24 per cent. Loans the agents are Messrs. Fleming and Treasury Bonds in exchange for Williamson, 4th floor, Soriano Buliding. Plaza Cervantes.

granted

Current Accounts opened in Local and Abroad. the U.8.$455,000,000 three per cent.Currency and Fixed Deposits re-

Eastern Development Company notes which were maturing onceived for one year or shorter periods in Local and Foreign Cur- rencies on terms which will be is the holding company of the March 15.

Safe Deposit Boxes To Let, KAN TONG 20,

Chief Manager.

Boriano mining companies, An- The offering would, be limited, quoted on application..

tamok Goldfelds Mining Company,

IXL Mining Company, and Masbate he said. Consolidated Mining Company. It

Calling attention to the longer)

also holds considerable interest in maturity of the issue, Mr. Morgen-

R.K.

SHOU J. CHEN

Manager.

THE YOKOHAMA SPECIE BANK

LIMITED

Capital (fully paid up)

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

North

Camarines Gold Mining

Con- thau said the conditions indicated Company and Mambulao solidated Mines, Inc., and in In-an improved Government ternational Engineering Corpora~ | market~(Reuter,) tion. The company is headed by Andres Soriano,

bond

SHAREBROKERS' ASSOCIATION

THRIFT

Speaking at the annual general wharves of the China Merchants' Berlin

Navigation Company, meeting of the York County Steam

Head Offles:--YOKOHAMA

BRANCHER AND 'AGENCIES ·AT: VALUE OF NATIONAL the removal of Japanese-owned Alexandria Honolulu Rangoon.

Bangkok Hainking Rio do or foreign-owned goods from the Batavia Karachi Janeiro

Kobe Ban London Franciscc Los Angeles Seattle, Manila Semarang Shanghai (Dalny) Nagranki Singapore Fengtien Nagoya Soerabaya (Mukden) New York: Bydney

* Tientsin Hamburg Osaka

Tokyo Hankow

Yinkow

Removal Of Goods From C.M.S.N. Wharves Permission will be granted for

蟲

Bombay

Harbin Paris Tsingtao Hong Kong Peking

Interest allowed on

Deposits received for

Current

Fixed

BUYERS Underwriters, $1.65. HK. Docks, #341.

China Lights (Old), $12.30. China Lights (New), $9.15. Telephones (New). C.D.. $101. Canton Ices, $1.50.

SELLERS Porvidenta (Old), $3.50.

SALES

7

H.K Fires, $2471.

Providents (Old), $5.50-55. HK: Docks, $342-1.

Y. Ferries, $21.0

China Lights (Old), $124. Electrics, 881

Telephones (New), C.D., $10ł.. Cements, $17.90-18-18,

Calcutta Savings Bank, of which he is pre-spokesman for the Japanese naval Canton sldent, at York recently, the Earl

of Harewood said that be thought authorities announced in Shang-

It was worth nothing that Trustee hai last week. Savings Banks, including the Post

Applications are to be handled

Dairea Moji

Omce had now no fewer than 13,000,000 depositors in the country by a committee représentative of with over £700,000,009 A3 the Japanese firms in Shanghai, and amount of their deposits,

the initial period during which Children, he said, used to be taught at a much earlier age than such movements will be allowed Accounts, they were now to make savings will extend from March. 1 to 31 Periods at rates to be obtained and start a banking' account, and inclusive. The Japanese naval au-on application.

it was suggested that it would be thorities will not be responsible

a very good thing if that Victorian for loss or damage of goods, the habit was revived.

spokesman stated..

Y. KANO,

Manager.

Hong Kong, 14th Feb., 1938.