1938-05-17 — Page 12

PAGE 12 HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock

Bell

Exchange

MONDAY. MAY 16.

Blanke

$1,485 R.K. Banks

Sharebrokers' Association

| Mayoru

160

$1,695

£94

Ba. (London)...

213)

Chartered Banks...

List

· 220

Mercantile Bks "A"

£14

Do.

C

214

390

Bank of East Asia....

$90

N. O. & S. Banke....

.33

Insurances.

$287.

Canton Lasurance.

$157

$625

Union Insurance ........

$630

Underwriters

31

#232 8.K. Fire...............

$933

Shipping

Douglases"

$80

Sombo

199

100

Indo-Uhinas (prof)

351

121 3851-

Do. (def.)

$24

Shelly

83/-

8.90

15/0

29.80

Kallana Raube

12.60

1 fets

Hongkong Minos...

Docks. Wharves,

Godowns, `ets.

$137

H.K. & K. Wharvoa.

·8137

33 30

$3.85

Providents folds ...

$3.0

13.57

34.7)

Da

(Dew)

23.70

lex.rt. 2

H.K&W. Dock

392

1212

Do, (now)

1211

Do. (rta)

110

Shangnai Duck

$100

#405 New Eaginserines 8.

$7,10

$37 B101

11

::

17.25/35

111

$99

Waterboute

Mining

Venezuela Gold Flds.

.ands, Hotels, unë

Bulidings

H.K. Hotels.

!!!!

79j

#2

++

$7.15

3102

H.K Lands........ $37

Do. 4% Debentures

Shanghai Lands.

Pabile Utilities

Tenways

Metropolitan Landa..

H.K.

Balties...

$53

$9.15

Humphrey

............

$5.80 $8.10

32002

Chincus Estabas, an

Cotton Mi

$127

Ewos

$12.35

875

S'hai Cottons....S

Zooag Singes.

$70 074

845

Wing On Textiles(3.)

Ewo Cotton Hts. S.

77.20

Peak Tesna (vld) .........)

Da

(DOW)...

187

Star Ferrien os

180

Imati Ferries OB.3

Do.

rts. 8

$19

39.20

Da (now)...

$601

#61

1177

H.K. Electrica...... $50} Macao

201

$29

$10.90

China Lights (old)....

Do, Rts ...

do.

Sandakan Lights...

Telephones (old)...

Do

(new)...

Tractions ....

Do. (prol.)

a

23:0

23/6.

Industrials

$14)

Cald, Macg, (Ord.)S

$12

Do. (PreLis

$1,70

Canton Ices

$1.80

517;

17.80

Vementa

$1.70

open

$4.80

Miscellaneous

$241

$25

Oxiry Farma

$95

$1

se to Ch. K'tainment.......

Constructions, (old) $11

Do.

(DOW)

$91

Lane Crawford..... Nanyang Tobacco...

CD

$2.55

#01

$2.20 Sinceros

Watsons to SMEDE s. C. Enterprises...

79% Uu.G.5X19230.9 Bda.

H.K. Gevs. 4% Loans

Wallace Harper.......

6% park.

Do.

31%

2.

KK Wing D

O

$50

S'hai

18 Vibro Piling

114 Maraman's Inv. (Lon.}}

P. And 0. Stockholder's Rights

(BY AIR MAIL)

London, May 6. circular string A

counsel s opinion respecting the rights of the Preferred and Deferred stock- holders of the P. & O. Steam Navigation Company in the event of a liquidation, is being sent to stockholders as a result of questions addressed to, the late chairman of the company. Lord Craigmyle. at the fast annual meeting.

4

The

ฟวง Arst raised matter about 10 years ago,

says The Times. Counse! then expressed the opinion that as the company's deed of settlement and charters were silent on the point the ordinary rule would apply, that La to say, the assets would be distributable among the Prefer- red and Deferred stockholders in proportion to the respective nominal amounts of stock held by them.

As certain stockholders" still en- tertained doubts "on" the subject, the board decided to obtain a further legal opinion. This con- Arms the previous opinion as re- the gards the application of ordinary rule.

AN EXCEPTION

But the view is also expressed that there is sufficient lidication in the articles to create an excep- tion respecting any surplus of total paid-up assets

over the capital which could be shown to represent undivided profits pro- perly available for dividend but carried to, reserve or suspense and not required for any of the pur- poses set out in the company's charters

ac

17

FINANCE

NEW YORK STOCK EXCHANGE

(Through Renter's Service)

New York Cotton-July, New York Kabber-July. Chicago Wheatly. -July, Chicago Corn Winnipeg Wheat July.

1938

*Hiki Law Duw Jones Averages

134,96 98.95 30 'Industriala

43

32

Adams Express.... Alleghany Steel Co. 15 Allis Chalmers ........ Amer. Can.......... 874 Amer. Cynamid "B" 183 Amer. & For. Power Amer. & For, $7 pt. 204 Amer. Locomotive ... Amer. Metals........ Amer. Radiator.......

161 Amer. Rolling Mill ....... Amer. Smelting ...... 371 Amer. Bugar Ring Amer. Tel. Tel.

27

131A

Amer. Tobacco "B" 71. Amer. Waterworks... 101. Anaconda Copper ... 281 Atchison, T. & 8. Fe. 201

Counsel advise that, "In cordance with the decision of the

case of case. JL Court of Appeal in the the Bridgewater Navigation Com-Ganadian Pacifie $14

pany: the Deferred stockholders Celanese Corpo. $110 would be entitled exclusively to $9.10

any such uncapitalized surplus profits.

ACADEMIC INTEREST In any case the question can- $37.80

10.90 not be settled finally in advance 9:9/0 of a liquidation, and then only by refe.ence to the state of affairs

at the of the company existing time. It will not arise if surplus profits are distributed by way of dividend before liquidation.

$17.62

78%

$106

$104

52

35

70 cta

No liquidation of the company. which last year celebrated its centenary, is contemplated. and such development in future seems.

that stock- most improbable, so holders may well regard the ques- tion as having only academic in- terest.

Having obtained counsel's opinion, the board have clearly taken the right course in inform ing the stockholders of the terms of such opinion.

62

ני

pט 1/4..

34*

Kennecott Copper... 33}

Lambert Corpn.......

Libbey-Owens-Ford

Glass

Nät. Power & Light Nat. Supply Corpn. New York Central ... Niagara Hudson P

Corpn.................

N. America Aviation North America Co. Northern Facine'...

TUESDAY, MAY 17, 1938.

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

прав

Authorised Capital 850,000,000 Issued & Fully Paid-Up $90,000,000

...£ 8,500,000

AUSTRALIA AND CHINA Incorporated by Royal Charter, 1835

HEAD OFFICE: LONDON:

38. Bishopsgate E.C.2'

H.K. Currency Reserve $10,000,000 Paid-up Coltat....

..$20,000,000

Head Office:-HONG KONG

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

Chairman

Reserve Fund ... Reserve Liability of Pro-

prietors

Италы

63.000.000

............. £3.000.000

*******• £3.000.000

MANCHESTER BRANCH: 71, Mosley Streek, Manchester.

AGENCIES AND BRANCHES: ALOE STAR ILOILO

IPOX

TECTRI

HALPHONO

Acting Chief Manager: HAMBURG

Branches:

HANKOW

HARBIN

KARACHI KLANG KOR

KUALA

LUMPUR

KUCHING MAD BAS MANILA

MEDAN

NEW YORK PEIPINO

SAIGON

BIMABANG BAREMBANG

#MANGHAI

SINGAPORE

HITIAWAN SOUHABAYA TAIPING

TIENTS IN

TONGKAR

(Bhuket)

TSINGTAO

TOKOHAMA

(Peking) · ZAMBOANGA PENANG

Penang . EONG KONG HAYGOON Johore Rangoon Kobe

Saigon

San

Francisco Lumpur Shanghai

Singapore Sourabaya

Malacca, Sungei

Pateni

New York Tsingtao Peiping Yokohama

Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in Loeal and other. Cur-- rencles on terms which will be quoted on application.

Also up to date Safe Deposit Boxes in various sizes To Let

Hong Kong, 2nd May, 1938.

FOREIGN EXCHANGE and Geners) Banking Business transacted.

CURRENT Accounts "opened and FD DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica- tion.

The Bank's Head Office în 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.

THE CHASK 'BANK

"

15, QUEEN'S ROAD CENTRAL

HEAD OFFICE:

QUOTATIONS

Now York: May 15.

Last

High Low Close

$78 8.72 8.76 11.94 11.90 1210

Today's Close

8.79

Changi

.01 of

Reserve Funds:

11.8 B

.19 of

Starling

781 787 751

78)

3/A off

* 582

59

007

18

103

105

39 10%

unch

Reserve Liability of

Proprietors

118.87

32.77 19.v0 90 Raile

23.13

22.30 10.14 20 Utilities 94.70 - 83.39 40 Bands

18.93

38.97

54,92 48.33 11 Commodity Index 48,00

May 19 High Low Close · Chang

117.38 116.80 117.21 34 up ..19 off 22.98 21.84 2196

.16 off 88.01 .:6 off 48.58 .22 ou Business Done:-330,0 shares.

19.88 19.81 10.77

+

STOCKS

Last Sale

STOCKS

Hon. Mr. J. J. Paterson,

Deputy Chairman. AMRITSAR J. K. Bousfield, Esq., A. H Compton, Esq.,

Last Bale

Hon. Mr. S. H. Dodwell,

BANGKOK BATAVIA BOMBLY

May 13 14

May 13

14

M. T. Johnson, Esq.,

91

0

Humble Off

671

63

J. R. Mason, Esq.,

15*

Int. Nickel

483

47

G. Miskin, Esq.,

CALGOZTA CATION CAWNPORE

431 891 181

Int. Tel. Tel.......

9

82

K. S. Morrison, Esq.,"

CKB

Int. Dept. Storea ...

32

ST

Hon. Mr. A. L. Shields,

COLOMBO

347

D. C. Edmondsten, Esq.,

113

111"

183

29

29

31

121

Lockheed Aircraft Loew's Inc. Lorillard'

94

Amoy

417

42

Bangkok

161

16+

Batavia

McKesson & Robbins

Bombay

Kowloon

$3 pl.......

321*

321*

Calcutta

Kuala

Martin, Glen L.

1231-

237

Canton

Monsanto Chemical 75 Montgomery Ward.. 32. Nat. Bond Invest--

ment....

Chefoo

London

75 323

Colombo

Lyons

Dairen

Foochow Manila

132

131*

Haiphong Huar

Swatow.

Atlas Corpn.

Nat. Cash Register 18

273

Hamburg (Jobore) Tientsin

Trans.................... Brooklyn-Manhattan

$8 cum. pl.

Auburn Motors ..... Baltimore & Ohio ... S'more & Ohio Pid. Barber & Co. ... Barusdall CU................... Bethlehem Steel ... Boeing Airplane Co. Borden Co. Borg-Warner ...... 201 Briggs Macturing. 181 Brooklyn-Manhattan

101

31

Nat. Dairy Products 131

131

Hankow

Mukden

Tokyo

51

Nat. Distillers

201

201*

Harbin

71

71

71

Hongke

Iloilo

167

17

174

133 471 251

131

131

Current

"

71

71

161:

9

9

21

87

Pacific Gas & Elec 271

274

Pacific Lighting

371

371*

Packard Motors ......

31

32

29

31

Paramount Pictures

8

8

791

61

77 Paramount 1st. pf. 764

Pennsylvania R.

781

16

161

131

Phillips Petroleum ..... !!

32

323

Cerro de Pasco.... Chesapeake Corpn.: 323* Chesapeake & Ohio Chrysler Corpn....... Columbia Gas & M. Columbia 8% “A” DÍ. Commercial Credit... Commercial Solvents Commonwealth & S Commonwealth & 8.

6% cum pr Consolidated 'Edison Consolidated Ou Continental Can .... Continental on ...... Corn Products Curtiss Wright (C) Cartias Wright · "A" Delaware & Hudson Del. Lackawanna &

Western ..а Deere Co. Distillers Corpn. Sea-

grams Douglas Aircraft Du Pont

38

Public Service of NJ. 31

311

Pure Oil

91

93

271

Radio Corpn. of Am.

6.

$43++ 7

Republic Steel

144 144

Reynold Tobac. "B" 36

361

651

Schenley

171

161

321

Schenley 54% pt.

09

894

B1

Sears Roebuck

572

571

12

Shell Union Oll

13

127

Socong Vacuum .....

131

13+

Hong Kong, hd May, 1938.

42)

Southern Cal Ediser: 221

221*

251

Southern Pacific...

13

131

•

81

Southern Bly (com)

BANK OF EAST ASIA. LIMITED.

391

Southern Ely “A”

13

131

26

Standard Brands ....

...71

631

Stand Gas & Elec.

3Z

.37

Paid-up Capital

41

Stand. Gas & Elec.

. Profits

201

$7 pt.

214

21

11

Standard Oil of N.J.

4811

431

Sterling Products ...

61 ‡

592*

51

Studebaker.

Corpn. 41

41

181

Swift International 25 *

243*

Technicolor.

221

22%

131** 131

Texas Corpn.

37%

371

461

1014

Texas Gulf Sulphur "31

301*

Tidewater Assoc. 011 223

221

9

Transamerica (new)

92

97

81

20th Cent. Fox. Films 221

221

81

do.. Films pí. ...

291*

291*

4

Union Carbide &

51

Carbon

861

684

Union Pacific

68

65 *

Branches and Agencies--

55

United Aircraft....... 278

24

Amoy

.. Kowloon

Panang

Bota's

Londra

Banco

Bombay's Swatow

∙101

United Airlines Trans

87

91

United Corpn.

3}

ន

EkvibeT

Chicosia

Manila

Algon

Byday

Melbourne B Pran-

Talboto

40

Cache Haiphong

i dego

Mental

New York "acti

Tokye

United Corpn.. $3

Hackow

Caka

Hemarang

Vendoder

157

cum. pí.

311"

'31

Beachult Parte

Ahangbal

Kode

231

United Gas Corpn.

4

31

Un. Gas I'provem't. 101

10

223+23

Un Light, & power

3

24

351

US. In'trial Alcohol 18

17**

26

U.S. Rubber

272

28

30%

U.S. Rubber pr.

602

691

17 #

UA. Smelting

58

50

13 *

UA. Steel...

447

45

ceived for one year, or

shorter and other Public Funds of the

Vanadium.

154

134

Warner Bros. Pict..

51

141

417*

Woodward Iron Cor. 14

Westinghouse Elec. 777

M

783 131

rencies on terms which will be quoted on application.

and Abroad.

Safe Deposit Boxes To Let.

Youngstown Bheet

& Tube 31 314

Great Western Sugar 27. Greyhound

Chase National, B. 301

Corpn.. 91

61."

Call Money

National City Bank 231*

1 ex. div.

237*

1

ཨཐཱནཱཐྰནཱགྷབྷྱོཿཨྰཿཆཐཱབྷཱཙཨཱནཱབྷཊྛཱནཱནཱཏྠཨྰཿདྷནཱ ཨཱ,དྷËཡོནྡྷཨྠཙྪཱབྷཱ=བྷཝཏཱ, སྐྱུནྡྷ=དྷརཱིཙྪag ཿཨྰཿ ཨཱམྦྷོཚན ཎྞཾ ཙྪནྟི མྦase38ཚོ! |ནྟZབྷཏྟན,

D

18. PINK STREET,

NEW YORK.

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

HONG KONG SAVINGS BANK

The Business of the above Bank An is conducted by the HONG KONG SHANGHAI BANKING COR- PORATION. Rules may be ob- tained on application.

For the HONG KONG & SHAN QUAI BANKING CORPORATION.

D. C. Edmondston, Esq.,

Acting Chief Manager,

4

SAFE DEPOSIT BOXES

This Bank is entirely owned by

THE CHASR NATIONAL BASIC "New York, with' Resources over

U.8. $2,300,000,000..

D. M. BIGGAN,

Manager.

5,508,600.00

BANK OF CHINA

2,776,720.78

3/10

(HK)

170 cl Wm Powell

Paris

-#Balon to Shanghai

LONDON EXCHANGE RATES

(British Wireless Service)

Genera Berlin

Athens

Milan

Copenhagen

Amsterdam

Vienna

·Prague · Helsingfors

Belgrade

Buenosaires

Monte Video

Rio......

Silver (Forward) Silver (Spot) War Loan

May 11

..177-23/32

31.791

May. 14 177-45/64 21.79 12.372

94)

944

19.011 201

18-7/16

18-11/16

35% 101-10/18.

Closing Quotations

May 10, 1838.

Telegraphic Transfor... 11/2

on demand 13/16"

Credita, 4 months' sight 1/1-1/16]

ON NEW YORK:-

.184.

Bank Bilis, on demand 201 Credits, 60 days' sight 31]

On Barayı▲ C

55/

Bank Bills, on demand 1,085 Credits, months' sight 1,170

ON LONDON:-

Bank Bills,

On demand

On PARIS-

ON SHANGHAI

On demand

120

Ox Saigon.:.-

ON SINGAPORE:-

On demand

On demand

OW MANILA:-

OX JAPAN

On demand

On demand

1051

ON BANGKOK :-****

On demand'

ON INDIA:-

Sovereign Noten.

Telegraphic Transler.

Bank Buying Hata..........

BAR. UNTERBS HET. CE.

H. K. STOCK EXCHANGE

YESTERDAY'S OFFICIAL QUOTATIONS

The Improvement noted at the end of the week was not maintain- ed and some prices have given way to a slight extent.

BUYERS

HK. Steamboats, $221. Providents (Old), $3.80, Providents (New), $3.87).

Venz. Goldfeld, $2.60.

H. & S. Hotels, $7:10.

HK. Lands, $37.

Eagle Picher Lead Electric Boat Elec. Bond & Share Elec. Bond & Share

35 ...... Elec. Bond & Share

$8 pf. Elec Power & Light Elec. Power & Light

$1 pf. Flintkote .........

Freeport Sulphur

Gen. America Trans 361

Gen. Cigar

Gen. Electric Gen. Foods .... Gen. Motors Gen. Railway Signal Glidden Co. Godchaux Sugar

Class "A"

Goodrich (B.F.)... Goodrich $5 pí....... Goodyear Tire & Co. 181

HK. Lands 4% debentures. $101. Great Northern Riy. 171

Humphreys, $9.15,

HK. Realtles, $53. HK. Tramways, $174. Peak Trams (Old). $7. China Lights (Old), $12. HK. Electrics, $604, Macao Electrics, $173. Cements. $172.

Dairy Farms, $244. Constructions,' $11.

Marsmans (HK), $3/10.

Y. Ferries cum, rights., $24). Y Ferries rights $3 SELLERS

Y. Ferries.. cum. rights $24).

BALES Providents (Old), $3.85.- Providenta (New), $3.70. HK. Realties, $53. H.K., Tramways, $17.25/35. HK."Electrics. $61,5 Cements. SHI..

Hecker Products

Authorised Capital...$10,000,000.00

Reserve and Endivided

Head Office:-HONG KONG

Specially Chartered by

No. 10, Des Voeux Road, Central. THE NATIONAL GOVERNMENT

Board of Directors:—

Bir Bhouson Chew, Chairman

OF CHINA AS AN INTERNATIONAL EXCHANGE

BANK

Li Kosa Chun, Esq. Li Lan cang, Esq.PAID-UP CAPITAL...$40,000,000.00

Wong Chuson, Eag Req: Kan Ling Fu. Esq Wong YunTong,b Chan Ching Shek Fang Ping Wah,

Eaq,

Esq

Kan Tong Po, Esq., Chief Maaszer Li The Fong, Esq., Manager.

Priping Sinapore

4

Every description of Banking

(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:

4, QUEEN'S. ROAD; 0.

South China Offices:

and Exchange business transacted. CANTON Loans granted on approved SWATOW securities.

Current Accounts opened in Local Currency and Fixed Deposits re

JHIUOHOW

KONGMOON

TOISHAN

KINGCHOW

We also handle the issue of Bands'

periods in Local and Foreign Cur Chinese Government both at Home

KAN TONG PO,

Chief Manager.

301 PHILIPPINE

1% 1%

bid.

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

ELS, DOLLARS

There were sellers at 303/4 May-

The price for Ready Silver rose June and 30 11/18 July-August. 1/18 to 18 3/4 bat the Forward buyers at 30 13/16 May-June and rate was unchanged at 18 7/18.

30 3/4 July-August... Silver advices reported Indian and Speculative purchases. Specu- lators also sold. The market was steady. American Bulver was quot- ed at 42 3/4 for Spot.

The London-New York cross- rate was quoted at 497:12. New York-London was quoted at 408. 15/18.

SHANGHAI - MARKET

Nominal

SHANGHAI DOLLARS Nominal pentium fa

IN THE AFTERNOON The market continued quiet in the afternoon."

STERLING The market closed with sellers nt 1/2 7/8. May and 1/2 27/32. June-July, buyers at 1/2 29/32 Some bustnem was reported at Cash-May and 1/2 7/8 June-July. 1/2/7/8 for May The market

Dairy Farms, $25.

MARKET

107)

Quiet.

'11

(Prices below In Phil Currenc

· STERLING

62)

Atoks. 271

Benguet Consol, 9.20

Coco Grove, .52

Paracale Gumaus, 16

San Mauricio, -,454

Buyoc Consol, ·.17

MOVIES, DOLLARS ASIN: closed at 1 pm with sellers at 1/2The market closed with sellers 7/8 May and 1/2/27/82 July- at 30: 3/4 May and 10 11/16 June- August, burgers at 172 20732 Cash July, Buyera at 30 15/16"-May-

Jime and 30 3/4 July-August, May and 1/2 7/8 June-July.

perty.

MINING NEWS

SHOU J, CHEN

Wandger.

THE GROTRIAN HALL

Mr. H. Gordon ́ Selfridge has BATONG GUINTO Mining Cor-bought the Grotrian Hall, Wig- poration is not doing any work on more-street, W, The dealTM will its property in Kalinga, Mountain facilitate completion of a scheme, Province, which adioing the

which Mr. Selfridge has in mind Batong Bubay Gold Mines pro- for more than ten years, for

extending the great Oxford-street- At present a watchman is on store till it is the biggest the property, but active explors concern of its kind in the world. tion was stopped last September,

It would cover, the whole of according to information obtained the site to the north of the from at the camp

existing Selfridge block, bounded This is to correct the statement by Wigmore-street. Orchard- made recently in which if we street, Somerset-street and Duke- Erroneously stated that work was

street. being advanced with satisfactory results by Batons Quinto,“

H.K

Mr Selfridge said that the Grotrian Hall would be torn down, but Indicated that he does not SHAREBROKERS' intend to embark at once on

ASSOCIATION

BUZERS

Waterboats. $81 Raubs, $9.70. stoplay

BELLERS

Trama, #173 Ropes, $4.80.

NO SALES Providents (Old), $3.80/86.

building a vast new extension to the store. There are still a num- ber of premises which would have to be bought before this could be. done

wit

Providents (New), $3.72), Realties, #5:

Bincere, $2.55.

Stockholm

Shanghai

1/ld.

New York

4.37-11/10

3.98/

"142-13/16

114. 4.97-3/16 8.98-1/18

Lisbon

Eong Kong

Bombay

1/2-15/16 1/6-15/18

18. 24.-15/16

Montreal

5.001 29.55

Brussels

.5.00-11/18

29.55

Yokohama