1938-06-07 — Page 12

PAGE 12-HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

Bayes Ballora

Bal

SATURDAY.

JUNE 4.

Hanka

Sharebrokers'

Association

1J

Baler

+

H.K. Banks......} $1,475) $1,495;

Do. (London)

Chartered Banks...

Marcantile Bks. "A"

!!!!

BRITISH AND CHINESE CORPORATION

MR. D.G.M. BERNARD'S STATEMENT

The fortieth ordinary general meeting of the British and Chi- Corporation, Limited,

M. D. G. M. Bernard (chairman of the company) who presided,

said:

$1470

£87

29"

ER

eis

дело

WAY

£38

£24

£14

Do.

£14

590

Bank or East Asia...

**!

No. & S. Backa...

H

held recently at the registered office of the company. 3, Lombard Street, London, E. Ç.

Insurances

$207

Catton insura(1003..

$150

15:

Union Insuran008 119

1838

Underwriters

12

******

939

H.K. Fires...

323C

Shipping

183

Douglass

376

8331

Steambits

SU

Indo-Chinas (pref.)

密集

Do. (def.)

18.50

Mining

14/6

Kailans

79.00

Venezuela fioid Fil;,

1ets

#131

H.K. & K. Wharter.

$154

$3.40 $3.30

$3.45

Providents (old)... $3.8

38,60

Do.

(new)

ez. rts. 2194

H.K. & W. Docka

8070 3184

$10

Dio, Do.

(new)

$19.

(rta)

3108

$4

་་

180/71 Shells...........

Waterbout

Hongkong Mines.

Duck, Wharves,"

Godowna, sta

$108 Shangasi Books 3.

14.05 New Engineering 8.

The past year has been one of violently contrasting aspects. It began and continued up to the end of July with the happlest $51

prospects, but closed in disaster. It 24

is most deplorable that the grow- 80/10

$8.90 ing. confidence in business, and Anancial circles In China's rail. $14/6 way prospects, should have been destroyed for the time being by the Sino-Japanese hostilities.

Unfortunately. railways. which are so essential to peaceful com- merce, are no less important as Instruments for war: milltary operations have beeh largely con centrated on the zones of the rall ways with dire effects.

#21

Leads, Hotels, mod

Bai dinge

$8.571 361

8101

H.K. Hotels

$3.65 $8.75

$30

H.F. Land............

$36

$9

Do. 4% Debentures $101 Shanghai Landı....

50 H., Realties.........

$5.85

18.15 Humphreyɛ........

781

1.2

$8.80

$6.60

Chinese Estat 14 Colton Mil

$13,10 EwuN

Zoong Sing

Wiaz On Tuxtilem{29.)

Public Utilities

Tramways.

Poak Trams (unt)...

Da

Star Ferrics

Yusti Ferries CB.3

Da

Bo. (DLW).

Do. Rex

13

::: S:

6751

S'ta CuttonD

XD

$13 8754 -134 $12

$12

18.78/8

#16)

53.

$80

in

23

*86 #231

#2180

(new) 3

#12

311

China Lights (old) ..

$10.9 $8.3

#591

ti.K. Electric...

1598

Macao do.

ex ret.

pital Bo

8271

Telepim (old)

1271

$10

Du.

(new)...

43/6

Tructions

310 24/6

93/9

Do. (pref.)......

Industriale

$141

Cald., Maeg. (Ord,}8}

$19

L'o

Prof. S

$1.70

Chaton Icon

$1.80

$17.13

816

$18.60

આ

:

#

Sandakan Lights

euenta

$4.70 Bopen

Consolidated

China Prov. (old)

(new) Miscellaneous

3211 Dairy Farms............

$6 to Ch. E'tainments...... #1

Constractions, (old)

Do."

(DBW,

$8.70 Lane Crawford....

Nanyang Tobacco...

$3.40 Sinceres

Uu.G. 5%19280.d

1

::

#

$124

$1

$8.30

$5

3121

Watsons

TOX

pa 14.K. Govt. 4% Loans

3106

*.pm

Do.

3102

$60

H.K Wing

$63

S'hai Do.

主

Vibro Piling

160).

$5

11

Maramans in v. (Lon.)"

33/10

(H.&)

70 cta

Wm. Powells

Sales to Shanghai

LONDON EXCHANGE RATES

(British Wireless Service);

It is not possible at this time to form any estimate of the total damage suffered by those railways with which we are concerned, but demolitions on the Shanghai Nanking and Shanghal-Hangchow- Ningpo ratlways have been very extensive and there is reason to fear that a great deal of the roll ing stock has been destroyed or carried away to other lines.

I should Jike, to record here the rallant and efficient work which has been done not only by the British officials, who are nominees of the corporation. but also by the Chinese staff of these as well as of the Canton-Kowloon Railway in repairing damage caused by bomb- ardment and air raids.

FINANCE

NEW YORK STOCK EXCHANGE

"

(Through Router's Service)

New York Cotton-July. New York Rubber-July. Chicago Wheat July. Chicago Corn

-Juls Winnipeg Whant —July.

IF

High Low Dow Jones Averages 134.98 98.96 30 Industriala

33.77 19.00 30 Baile 22.20. 16,14- 230 Utilities 91.70 83.39 Bonds 54.99 46.03 1

STOCKS

Adams Express

Biggs Mfacturing. 16 Brooklyn-Manhattan

Trans. Brooklyn-Manhattan

$& cum. pl. Case. J.I. Canadian Pacific

1:4

TUESDAY, JUNE 7, 1938.

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA

BANKING CORPORATION

T

Authorised Capital $50,000,000 Issued Fully Paid-Up $20,000,000 | Reserve Funds:-

"

AUSTRALIA AND CHINA Incorporated by Royal Charter, 1945

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

Paid-up Capital Reserve Fund.. Reserve Liability of Pro-

prietors

23.800.000 £3.000.ora

£3.000.00

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AGENCIES AND BRANCHES ALOK STAR HONG KUNG PENANG 1101L0 IPOLL

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

J. R. Masson, Eaq.. G. Miskia, Esq.,

BOMBAY

RANGOON

(Bhuket)

flaiphong Muar Swatow. Hamburg (Johore) Tientsin

VELPING

YOKOHAMA

Peking) ZAMBO>N1⁄44

FOREIGN EXCHANGE and Genaral"." Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for. One Year or shorter periods at rates which will be quoted on applies- tion.

The Bank's Head

Office in London undertakes Executor and Trustee business, and claims re COVARY

of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

D. J. GILMORE,

4cting Manager.

THE CHASE BANK

Also up to date Safe Deposit| 15,,QUEEN'S ROAD CENTRAL

Boxes in various sizes To Let.

Hong Kong, 2nd May, 1038.

HEAD, OFFICE:

را

18, PINE STEERT,

NEW YORK.

QUOTATIONS

New York: Jans 4.

Last Today' High Low Close Close

3.11 $.05 8.03 8.06

Changi

.03 up

Sterling

£6,500,000

11.17 b closed

73 072

'701

708

711

it ap

087

671

1/4 of

H.K. Currency Reserve $10,000,000 Reserve Liability of

Proprietors

$20,000,000

104 103

104 1039

1/2 up

Head Office:--HONG KONG

20.21

Commodity Lades

H

1.45 66,42 45.56 Business Dono:-310,000 shares.

June 3 High Low Close · Chang 100.71 11:230 110.04 111,82 1.11 ap 30.03 20.43 "20.57

.00 up 48.89 18,65 12.77 ,31 up 85.03 -11 up unquoted

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

Hon. Mr. J. J. Paterson,

Chairman,

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

BANGKOK

SAIGON

BATAVIA

Last Sale

STOCKS

Last Sale

KARACHI

KLANG

SEREMBAN

SHANGHAI

June

74

3 4

71

Humble Qu

Alleghany Steel Co. 12j* Allis Chalmers ........ Amer. Can..

134

Int. Nickel

3 June

581 59 417 +22

391 B6

Amer. Cynamid "B" 17 Amar. & For. Power Amer. & For. $7 pf. 164*. Arber. Locomotive ... Amer. Metals..... Amer. Radiator

40 85* 17

Int. Tel & Tel.

81

184*

144

144

Int. Dept. Stores... Kennecott Copper... Lambert Corpn...... Libbey- Owens- Ford

Glass

་་

71*" 7 271 281 101 10

K. S. Morrison, Esq., Hon. Mr. A. L. Shields, D. C. Edmondston, Esq.,

deting Chief Manager.

Branches:m

CALCUTTA CANTON CAWNPORE CEBU COLOMBO DELHI KAIPHONG HAMSTRO

HANKOW HARBIN

KUDE KUALA

BINGAPORE

SITIAWAN

LUMPUR

SOURABAYA

KUCHING

TAIPING

MADRAS

TIENTRIN

MANILA

TONGKAR

MIDAN

NEW YORK

TEINGTAO

26

281*

271

Lockheed Aircraft ...

257 10 +

A moy

Ipoh

Bangkok

Johore

10

101

Loew's Inc.

401

Amer. Rolling Mill... Amer. Smelting

141

141

Lorillard.....

151

411

16

Batavia

Kobe

Penang Rangoon. Saigon

Bombay

Kowloon

San

321

33

McKesson & Robbins

Calcutta

Kuala

Amer. Sugar Ring... 21: Amer. Tel. & Tel. 1281 Amer. Tobacco "B" G7¶" Amer. Waterworks... Anaconda Copper... 223 Atchison, T. & S. Fe, 201 Atlas Corpa. ................. Auburn Motors Baltimore & Ohio... Bmore & Ohio Pid. Barber & Co...... Barnsdall Ol Bethlehem Steel .... 421 Boeing Airplane Co. 221 Borden Co. Borg-Warner

22-1

$3 pr.....

281* . 281*

Canton

Lumpur

1291 68

Martin, Glen L......

Chefoo

London

221 229

Colombo Lyona

Monsanto Chemical

71

724

31°

81

Montgomery Ward

291

304

Dairen Malacca Sungei

Francisco Shanghai Singapore Sourabaya

Foochow Manila

Patani

231

Nat Bond Invest-"

201

ment

114

114".

મ

Nat. Cash Register 161

17

21

21*

Not. Dairy Products 13

13+

51*

51

Nat Distillers

18

191

Hongka

Hankow Mukden Tokyo

New York Tsingtao Harbin

Yokohama Peiping

Iloilo

BA*

Nat. Power & Light

61

61

141

143 ·

Nat. Supply Corpn. 14)

15

Current

Accounts

121.

127

New York Central

114

117

opened in

437

Niagara Hudson F

233

Corpn.

61

7

Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur-

13:

15%

N. America Aviation

81

82

171

183

North America Co.

18

19

rencies on terms which will be quoted on application.

167

Northern Pacific

72

8

Paclac Gas & Elec

26

201

81

9

Pacific Lighting

301

301

Packard Motors .......

31

31

241

231*

Paramount Pictures. 61 61

731

75*

Paramount ist. pf.

691* 734

HONG KONG SAVINGS BANK

St

53

Pennsylvania R.R.....

142

141

Celanese Corpn...... 114* Cerro de Pasco....... 323,

124

Phillips Petroleum.

30

314

33

Public Service of NJ.

28

28 *

Pure. Oll

B3*

23$

Radio Corpn. of Am.

61

412

Republic Steel ....... -12

123-

.

64

Reynold Tobat. "B" 362

624*

Schenley

14

301

Schenley 5% pt.

63 *

8+

61

Seara Roebuck

511

11

2

Shell Union Oll ...... Socony-Vacuum Ofi

111

121

381

39

Southern Cal Edison

20

231

Southern Pacific

B1

62

37

379

25 *

26

Southern Rly (com) Southern Rly $5 pfd. Standard Brands ...

101 71

+1

107

621

B24

41

41

Stand Gas & Elec. Stand Gas & Elec.

71: 34

31*.

101

191

$7 pf.............

131

83

9 *

Standard Oll of NJ. (45)

Sterling Products ... 591

Western Deere Co. Distillers Corpn. Bea-..

41

5 ..

154

157

Swift International 24* Technicolor

221

13:

137"

35%

43

444

931

954

Lead

8

8

Texas Gulf Sulphur 29 Tidewater Assoc. Oll 12 Transamerica (new)

81

71

72

01

Τ

20th Cent. Fox Films 194

do.

Li Tan Fong, Esq., Manager...

Union

Carbide

441*

441*

Carton

621

Branches and Agencies :—

Union Pacific

604* 82

-casio-

L.nades

501

50

United Aircraft

251

Brenber

Vanila

Duca

91

10

United Airlines Trans

77

United Corpn.

21

Halph ng

Haut

351

22

United

Corpn. $3

# anlata

Robe

131 14 25 242

cum. pf.......

201

361

22.

224

៥

32} 333

United Gas Corpn. Un. Gas I'provem't Un. Light & power 24 U.S. In'trial Alcohol

3

91

154*

..281

281

U.S. Rubber

25

~71

281

UA. Rubber pf.

604

Gen. Railway Signal 131* Glidden Co. Godchaux

Class "A"

14"

US. Smelting

48 *

181

161*

U.S. Steel

401

Sugar

Vanadium

131

Warner Bros. Pict...... 44

Goodrich (B.F.)

12

121

Goodrich $5 pt. Goodyear Tire & Co. 171 Great Western Sugar" 25" Great Northern Rly... 144

Greyhound Corpn. 81 Hecker Products

351

·84

171

Westinghouse. Elec. 721 Woodward Iron Cor. 11 Youngstown

121

Sheet

15 25+ Bi

& Tube

264.

Chase National Bk. 27 *

National City Bank 22 *

6

61

Call Money

1

1 ex. div.

bid.

Their work has been carried out in difficult and dangerous circum- starices and their devotion to duty has been most praiseworthy..

Foresight has also been shown In the removal of valuable records for safe keeping at the time of the destruction of office buildings.

The Loan Service Committees of the railways. In respect to the for- eign members, are now function-commercial Solvents ing as Special Boards to safe guard, as far as possible, the Bri- tish interests concerned.

CANTON-KOWLOON RAILWAY

The loop nie to connect the Chinese section of this railway with the Canton-Hankow Railway was constructed off the line from Canton-Hankow Railway to Whampoa soon after the outbreak of hostilities at Shanghal. With this junction, the Canton-Kowloon Raliway is the utmost impor- tance to the Chinese Government for the transport of through goods from Kowloon to Hankow. "*

Chesapeake Corpn.... 271* 29 Chesapeake & Ohio 231 Chrysler Corpn....... 401 Columbia Gas & El, 51 Columbia 6% "A" pf. 824 Commercial Credit.. 30

the

The Chinese section has been subjected for some months past to almost daily air-raids, but the damages caused have been speedily 70 cta repaired and, up to the present time. through traffe has been maintained.

June 1. 178-11/32.

June 2 178-11/32

21,72 12.321

21.72 12.32

94

94

Paris

Geneva.

Berlin

Athers

Milan

Copenhagen

Stockholm

"Shanghai

10월

101d.

New York

4.94-7/16

4.041

Amsterdam

8.067

3.961

Vienna

Prague

1421

1421

Helsingfors

Lisbon

Fong Kong

Bumbay

Montreal

1/5-13/16 4.091 20:23

4-99-13/16 29.244

Brussels

Yokohama

Bellers

Buenosaires Monte Video

Rio

Buyer Forward) Bliver (Spot) War Loan

ON LONDON:-.

19.01

201

20

188

18-15/18

181 18-15/10 31% 101-13/18 34% 102-1/16

Closing Quotations

June 4, 1938.

Telegraphic Transfor... 11/ Bank Bills, on demand 27/32 Credits, 4 months' sight 1/3-3/32

ON SHANGHAI :-

Op demand

ON SINGAPORE:-

On demand

ON NEW YORK:-

Bank Bills, on demand 20-9/1 Credits, 60 days' sight 1-1/16

ON BATAVIA :—

There was a suspension for some months of the monthly payments due by the railway to the loan service reserve. account, owing to funds being utilized to repair damage done by air-raids, but the managing director has ordered measures to be taken to make good the deficit.

The cost of making good. these damages from. October, 1937, up to February 9, 1938, was just under $300,000. Payment of 23 per cent. Interest was duly made on June 1. 1937. In accordance with the terms, of the debt settlement.

CUSTOMS AND SALT REVENUES

to the Chinese

"With regard Maritime Customs, at the end of July exports had increased 45 per cent. and imports 36 per cent.. compared with the same period for 1936. In the latter half of the year trade and revenue naturally fell off abruptly, but it is remark- able that, owing to the prosperous

Anxiety has naturally been felt the maintenance of the

to

Commonwealth & S Commonwealth & 6.

6% cum. på........... Consolidated Edison 23} Consolidated Oil Continental Can Continental Of Corn. Products Curtiss Wright (C) Curtiss Wright "A" Delaware & Hudson Del Lackawanna &

grams Douglas Aircraft Du Pont Eagle Picher Electric Boat Elec. Bend & Share Elec. Bond & Share

$5 pt. Elec. Bond & Share

$3 pl. Elec. Power & Light. Elec. Power & Light

$T pt. Filntkote Freeport Sulphur Gen: America Trans 38* Gen. Cigar Gen. Electri Gen. Foods Gen. Motors

Studebaker Corpn. 37

Texas Corpa.

ཙནཱབྷཏྠེཙིཏྟིཏྟིཔྤཎཱཡྻཝཏྟཱཝ ཿཧྲྰིa=ཀྨོ╗ཨྠཏྲྰཾཚཊཿ ཨྠī སྙུདཿ ཨྰཿཀྰཡྰཨྰཿཚུཚ་ྲཝནྟུཀྐཾ དྷཡྻུནཱ

29 Films pf.

*

NO COTTON FOR GERMANY

Brazilian Exporta

Are Stopped

The Business of the above Bank is conducted by the HONG KONG SHANGHAI BANKING CO8- PORATION. Rules may be ob cained on application.

For the HONG KONG & SHANGHAI BANKING CORPORATION, D. C. Edmondston,

Acting Chief Manager.

Hong Kong, 2nd May, 1938.

BANK OF EAST ASIA,

LIMITED.

Authorised Capital...$10,000,000.00

$,598,600.00

2,776,720.70

Paid-up Capital Reserve and Undivided

Profits

Head Office:-HONG KONG

No. 10, Des Voeux Road, Central.

Board of Directora :- Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan Fang, Eso. PKKwok, Esq. Wong Chuson, Esq Wong YunTong, Esq. Kan Ying Po R Chan Ching Shek. Fung Pine Wah, Esq.

Kan Tong Po, 4q., Chief Manager.

Kowloon Редкл

HangbED

Siren

Sour buye

NWALLW

elco Tintain

Sydney

Talboku

Takya

Semara VAZO+03

Melbourne San Fran SAYARLI New York 2002)

OPRIA

Prin

Psiplay

Shanghai Yakobama Bingapore

1

Every description of Banking

Loans

securities.

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

in

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK. New York, with Resources over U.S. 82.300.000.000.

D. M. BIGGAR,

Manager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

III

BANK

PAID-UP CAPITAL $40,000,000:00 (BRANCHES ALL OVER CHINA) Owing to our numerous Branches 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 an. Exchange.

Head Office: SHANGHAI

Hongkong Branch:

4. QUEEN'S ROAD, C.

South China Offices:

And Exchange business transacted. CANTON

granted on approved SWATOW

SHIUCHOW Current Accounts opened in Local Currency and Fixed Deposits re-

KONGMOON

TOISHAN KINGCHOW We also handle the issue of Bonds

ceived for one year or shorter and other Publice Funds of the Chinese" Government both at Home and "Abroad.

periods in Local and Foreign Cur- rencies on terms which will be

quoted on application.

Safe Deposit Boxes To Let. KAN TONG PO,

Chief Manager.

SUGAR QUOTA CUT

U. S.

Washington, June 8.

SHOU. J. CHEN

Manager.

PHILIPPINE

MINING NEWS

Mr Henry Wallace, Secretary of SAN MATEO GOLD Mining Com- Agriculture, yesterday announced pany. Inc. reports that develop that sugar quotas would be reduced ment 'work on its property in San "In accordance with the revised Matco, Rizal, continues. to show estimate of domestic consumption, good values on the 200-level. A which is now placed, at 6,780,000 sample taken recently from this short tons as compared with 6,861 ver of two and a half feet wide 000 in the December estimate: assayed P44.80, it is reported. It (Reuter)

JAMAICA LAND SETTLEMENT

was learned that this vein is already 615 feet long on the 200 level and 800 feet on the 100 laver.

1

X

It is to be hoped that an agree- first half of the year, the total ment, similar to that for the Mari- trade for 1937 showed an increase time Customs, will be arrived at of 9 per cent., over that of 1938. to safeguard the Administration The Customs revenue in 1937 and ensure the remittance to the reached $342,000,000, an increase quotas for the foreign loans secur. of $18,000,000 over 1936.

ed upon the salt revenue.'

STATEMENT OF ACCOUNTS

Rio de Janeiro, June 6. Brazil bas stopped cotton ex- Interest and other pronti ac-

Sinking of a shaft on the 200 existing Customs Administration tually received during the year, ports to Germany made under the

level is now underway in order to determine the depth of the vein. In the areas under Japanese con-after writing of depreciation on Asklaark system, by which 63.000 ins of cotton is annually export

Kingston, Jamaica, June 6. When the 300 level is reached, it trol, and it is satisfactory to note investments to bring them down

The Jamaica Government an-was point out, drifting on both di- that, an agreement was reached in to market values at

December table,

It is understood that the action nounces that an immediate start rections will be started. Tokyo on May 2 between the Bri- 31, amount to £21,409 188. 5d., as

will be made in a land settlement tish Ambassador and the Japan- compared with 29.393 125, 1d. in originated in reports that Ger-

The board of directors is consi- many was re-exporting the cotton scheme costing £500.000 and in-dering listing the stock of the ese Vice-Minister for Foreign 1938,

tended to create an independent company when it starts production Affairs, by which the foreign ob- Fees and interest earned but at a high gold price.

Observem point out that the im- peasantry which will be supplied The officers are Nicolas A. Lazares, ligations secured upon the Cus-stil in toms revenue are provided for £1.780 188. 3d, have been carried mediate problem of Brazil is to with tools, plant, seed and housin president: Ald. Coscolluela, vice find another market if German and given special assistance to president; EA. Picazo, secretary- during the period of hostilities. to suspense account as usual.

The salt revenue for the year

treasurer; Placido L. hlapa, Aurelioj The amount is comparatively purchases" coace, while 16 is antici- | develop land,

Unemployed are given special Montinoin, Halim Yamael, and Ma-l 1937 was reported to be $213,000, small, since interest on the old pated that stronger efforts will be

the achemenuel 1. Sevilla, directors. The cor- 1/3-1/89000, as against $218,000,000 for the Nanking-Hunan Railway advances made to increase sales to Britain consideration

Jana JapanRewer). is no longer included.

poration has an authorized expital 19-16 previous year,

For P500,000 fully subscribed.

1,093 Credits, 4 months' sight 1,180

On demand

65

O'S PARIS:-

Bank Billa, on demand

131

ON SAIGON:

On demand

1081

33-5/10

ON MANILA:

ON JAPAN

On demand

ON BANGKO

106

On demand

61)

1497

On India:

Sovereign Ngtes

Telegraphie Transfer...

Bank Buying Rate...

a

BAR 20

On demand

amounting to

(Reuter)

|

1