184
$36
11. K. Land
D
Shanghai Docks S.
$390 New Engineerings S.
Lands, Hotels, and
Buildings
ILK. Hotels
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Sharebrokers'
Association
Exchange
Balo
TUESDAY. JUNE 14.
Bayern
Beliers
Banks
14 50/521 1.K. Bunks
Do. (London) ..... Cluretered Baks....
Herenntile Bk. "A
مولعة
FINANCE
GOOD RELATIONS NEW YORK STOCK EXCHANGE
IN INDUSTRY
British Conception
Is Stressed
London, June 13. The Minister of Labour (Mr. Ernest Brown) speaking at the In- $1,100ternational Labour conference at
ENT
ENT
EIR
£
£28
13
190
Marcantile Bks. "C" Rank of East Asia...
£28 £14
$90
$207
132
N. & S. Banks.....
Insurances
Canton Insurances................
Union Insurances
$3) Underwriters
$239. K. Fires
174
$950 2018
$2, 1930
Shipping
182
Dunglass
$29,
Stemiahoats Co.......
$75 199
100
Indo-Chins (Prof.)....
#61
194
Indo-China's Def.)
124
$82/6 Shells
$90 Waterbuats.....
93/6 $8.90
Mining
14/- *9.90
Kilus
$14/8
Venezuela Gold Fids.
jets, Hong Kong Mines.......
Docks, Wharves,
Godowas, etc. $130 H.K. & K. Wharven..
$131
$3.40 Provident‹ (old)...........
$3.20
3.3 Providerts (new)..............
$3 20
3:8
H.K. W. Bucks
$18
$18
1174
$10
$108
Geneva today, laid stress on the part played in Britain by volun- tary organisations of employer's and employed in furthering good relations in industry,
The British conception, accord ing to Mr. Brown, was that while the law might be used to assist in improving conditions of labour or In providing safeguards against the hazards of industrial life, the State should intervene as little as possible between employers or ganisations as trade unions, which should be lett to make their own arrangements.
The British delegate expressed the hope that the principle of co- operation between the two sides in industry which found expres
on also in constitution of the League's International Inbour lead to a organisation would general worldwide amelioration of relations between capital and la- bour. British Wireless).
1838
(Through Reater's Service)
High Low Dow Jones Average 134.98 94.0830 Industrials
89.77 19.00 10 RAIN
Utilities 29.2015.14 20
Bonds
40
3.70 83.39 64.92 45.03 11 Commodity Index unquoted
423
8*
QUOTATIONS
New York: June 13.
New York Cotton-July. New York Bubber-July. --July. Chicago Wheat
-July. Chicago Corn Winnipeg Whoat -July.
Laut Today's High Low Close Close 8.15 8.03 8.1+ 8.06. 11.07 11.85 13,02 b 11.30
781 77
75 19+ 68
38) 57% 106) 103 100 108
Change
.08 of .17 08
1 of 3,9 up
20.53
Juna 11. "High Low Close 114.93 113.37 111.75 11.87 20.41 20,14 2016
19,04
85.30
Chany
2.36 off ,37 of 18.53 .51 aft 84.91.39 pi 40.04 "Business Dong:-330pou shares.
STOCKB
Last Sale
STOCKS
June 11 13
Adams' Expresa
73
71
Humble Oil
Alleghany Steel Co. 131
13
Int. Nickel
Allis Chalmers Amer. Can
414
391
Int. Tel & Tel.
83
871
Amer. Cynamid "B" Amer. & For. Power Amer. & For. $7 pf.
17)
171
31
3
Lambert Corpa.......
Int. Dept. Stores.. 8 Kennecott Copper...
291
17.
163
Amer. Locomotive... 15 Amer. Metals Amer. Radiator
144"
29
281..
101
101
Libbey Owens- Ford
Qlass Lockheed Aircraft Loew's Inc.
#
3101
Do. 4. Debentures
Shanghai Lands S
5.55 H.K. Realties
$0.15 Humphreys
$100 Chinese Estates
Cotton Mill
....
#15 30lEwos 18
8769hai Cottons (8)
笾
38)
.:
$181
875
524
397
Zoning Stags (, ) ......
$42.
Wing On Textiles (8.)
Public Utiles
$15
Tramways....
$16.55
161/65
$36 $101
H. K. STOCK
EXCHANGE
YESTERDAY'S
OFFICIAL QUOTATIONS
There was no change in the market today
which
Amer. Rolling Mill... 15 Amer. Smeiting ...... 351 Amer. Sugar Ring... 211 Amer. Tel & Tel. 132 Amer. Tobacco "B" 692 Amer. Waterworks ... Anaconda Copper ... Atchison. T. & 8. Fe.
143
Lorillard
164
"331
McKesson & Robbins
211
$3 pt.
281
273
1323
Martin, Glen L
223
69
Monsanto Chemical 761
76
Chotoo
83
81
Montgomery Ward
309
30
241
231
Nat Bond Invest-
261
25.
ment
112*
Atlas Corpa. ................
61
61
Nat. Cash Register 161
161
Auburn Motors
21*
23
Nat Dairy Products 131*
137"
Baltimore & Ohio...
$1
5
Nat. Distillers
19 *
101
B'more & Ohio Pfd.
61
61
Nat. Power & Light 61
Barber & Co.
150
151
Nat Supply Corpn. 151
15
Burnsdall Onl
13.
121
Bethlehem Steel....
441
423
Boeing Airplane Co. 231
22
New York Central... Niagara Hudson P
Corpo, .....
114
11.
615
71
continued
Borden Co........... 154 Borg-Warner .......... 191 Briggs M'facturing. 181 Brooklyn-Manhattan
151
N. America Aviation
*
10
171
201
Peak Tramos (old)
18
quiet.
Trans.
B
North America Co. 191 Northern Pacine Pacific Gas & Elec 261 Pacific Lighting
18
72
26J
37
371
Fa
$14
· Peak Trans (now).
$85
¡Star Ferries
$85
BUYERS
Brooklyn-Manhattan »
123
sati Ferries (".B 8
$13
$6 cum. pt. ....
261* 26*
Verz. Goldfield. "$3.
$21.8
Th
(newig
391.80
Case. J.I.
77
743*
Packard Motors Paramount Pictures Paramount lat. pf. 72}*
31
3
Boxes in various sizes To Let.
71
Hong Kong, 2nd May, 1938.
H.K. Lands, 4. Deb., $101.
$11
China Lights fuldt,
$10.60
Canadian Pacific....
51
51
Pennsylvania R.R... 15
142
HONG KONG SAVINGS BANK
384
hina Lights farw...
38
Peak Trams (Qld), $84.
Celanese 'Corpri.
113
11
Phillips Petroleum. 321
31
[572/57
10)
$14
·
#11
$8.70
.K. Electrion
{ Mucno Electrica
Sandakan Liglets.
$271 Teleplinters (oid!........
#ek Telephones (urwo
24/6
-24% Tructions (prof.)
ald.. Mneg. (Urd.) S.
$14 | C'ald., Marg. (Prof.) S.
$1.70 but Tees
$17.10 Cements
$4.70 Rupes
Consolidated
38.80 China Pro (old)...
36.60 Chius Prov. new)......
!
Miscellaneous
324 Dairy Farms....
$6-60 Chiainents.....
Constractions fold).....
Constructions (now).
Lune Crawfords......... Nanyang Tobiseen..
$2.10 Sine-res
$81
Wateos
8072
Macao Electrics, $18.
Cerro de Pasco...... 341*
331"
Public Service of NJ. 27
H.K. Govt. 31. 3 pm.
Chesapeake Corpn... 29
281
Pure Oll
91
91
SALES.
Chesapeake & Ohio 23
231
$10
Tactions.
Industrials
13:6
H.K. Bank, $1450/52),
Chrysler Corpn....... 411
40
Radio Corpn. of Am: Republic Steel
5+
123
12
H.K. Tramways, $161,
Star Ferries, $85.
H.K, Electrics. 571/57.
Columbia Gas & El. Columbia 6% "A" pf. 60 * Commercial Credit.. 31
81
$
Reynold "Tobac: "B". 107?
361
80
303*
Schenley Schenley 84% pf,
142
611*
Commercial Solventa
71
73
Sears Roebuck....
563
548
(Prices below in Phil." Currency)
Commonwealth & 8.
12
12
Shell Union O...
12
111
$1.80 216.45
Antamoks Ps., .43)
Atoks, .28
Commonwealth & 8.
Socony-Vacuum Oll
13
121
Hong Kong, 2nd May, 1838.
6% cum. pif.
411
40
Southern Cal Edison
22
22
יי
Baguio Gold. .24
Consolidated Edison 241
233
Southern Pacific
111
$6,00
#
$3.40
Benguet Consol., 10.00 Coca Grove, .49
Consolidated. Oll
BI
81
Southern Rly (com) "71
BANK OF EAST ASIA, LIMITED.
Continental Can
381.
381
Southern Rly $5 pid.
Consol. Mines, .0035
Continental Ou
261* 201
Standard Brands ....
101 7
10
:
7
Authorised Capital $10,000,000.00
384
Demonstrations .32
Corn. Products
041
632
$11
EXL 70
Curtiss Wright (C.)
41
41
Stand. Gas & Elec. Stand Gas & Elée.
31*
Paid-up Capital
"
Reserve and Undivided
$9.30
San Mauricio, .49 Buyoc Consol., 18
Cartiss Wright "A"
194
181
$7 pt...................
173
171
Profits
Delaware & Hudson
91*
81
Standard Oll of N.J. 463
453
Head Office:-HONG KONG
United Paracales, .33
Del: Lackawanna &
Sterling Products ... 6045
Western
41
4]
Studebaker Corpn. 41
4
66.
Cà G.5% #25G.$Bds,
81p
K. Gost. 4% Loans
H.K. Goiâ;% Loam | $109)
150
11.K. Wang On.....
Shui Wing Ong - -***
151
Vibro Piling....
11/-
Maramans inv. (Lon.).
Deere Co.....
.157.
151
Swift Internationa, 25
25
No. 10, Des Voeux Road, Central,
Board of Directors: ---
Distillers Corpn. Bea-
Technicolor
223
70 ot
Paris
Geneva
Berlin
Athens
Milan
Copenhagen
Stockholm
Prague.....***.
Helsingfors
Bucharest
Hong Kong
Bombay
Montreal
Brussels
Yokohama
Sellers
Buenosaires
June 11
June 13
178-25/64
1781
21.714
2160
12.321
12.32
94-5/18
941
8
Shanghai
gid.
New York
4.961
Amsterdam
8.961
Vienna
142
4.96-11/18 *8.951
142-13/16"
MARKET
Quiet.
6721
ls 5-51/64d
5.021
5.02
29.251
29.261
19.031
19.02
Monte Video
201
Rio
Silver (Forward)
19
18#
Silver (Spot)
War Loan
18-15/16 34% 1011
Nominal
SHANGHAI MARKET
Nominal.
$3/10 Maraman luv. (H.K.
Won, Powells
LONDON EXCHANGE RATES
(British Wireless Barrics)
70 cla
THE EXCHANGE MARKET
MESSRS. ROZA BROS. Silver prices dropped 1/16 yes terday for both deliveries. the belag 18 15/16 for quotations Ready, and 18 5/8 for Forward. Sliver advices reported lack of support. The market was steady but Idle. American Silver was quoted at 42 3/4 for Spot.
cross+ The London-New York rate was quoted at 498.62. New York-London was quoted at 496. 7/8.
Elec. Bond & Share Elec, Bond & Share
$5 pf. Elec. Bond & Share
50 pr. Elec Power & Light, Elec, Power & Light
$7 pí.
Flintköte Freeport Bulphur Gen. America Trans 36 .Gen. Cigar
Gen. Electric
grams Douglas Aircraft ... 441 Du Pont ........... 97 Eagle Picher Lead Electric Boat
13.
13
Texas Corp.
38.
371
421
Texas Gulf Sulphur
31
31
944
Tidewater Assoc, OU 121
11.
31 8*
Transamerica (new)
91
71*
71"
74 .87
20th Cent. Fox Filma. 201* 201
do. Films pi.... Union Carbide
291 291*
&
441* 43 *
Carbon
85
621
Union Pacifc
611 61
49 * 49
91
91
United Aircraft....... 251 United Airlines Trans
253
Amay
Kasipon
Belavia
Looden
8TM* 77 Bomha
Mania
A
United Corpn.
24
21
Onicula
Malbourne
So Ye "
Canta
Nagasaki
+1
35 * 34
14
241*
25
23.
34
Gen. Foods
Gen. MotorA
294
29.
Godchaux
ON LONDON:-
18-11/16 34% 102..
Closing Quotations
June 14, 1828.
Telegraphic Transfer..." 1/2
Bank Billa, on demand ) 17/41/
Credits, 4 months' sight 1/3-1/2
ON NEW YORK --
Bank Bills, on demand 20-11/1 Crédita; '60 days' might 11-3/16 OM BATAVIA
- 60-5/16′′
Då demand f ON PARIS:
C
1. Bank Bilk, in defiand Los Credits, months' sight 1,180
́Ox-Maxila:
ON SHANGHAI :—
i On demand
150
ON SALOON:-
OM SINGAPORE :**
On demand
Ou demand
63)
ON JAPAN:
On demand
ON BANGKOK:-
On-demand
100
#On demand
Bovereign Kotes
phic Tra
Bank Buying Rats..
108
818.
149].
STERLING
Some business was reported at 1/2 15/16 August. There were sellers at 1/2 15/18 June-July and 1/2 29/32 August-September, buy- era. at 1/2 31/32 Cash/July and 1/2 15/18 August-September.
U.S. DOLLARS Sellers at 30 7/8 June-July. buyers at 31 Cash and 30"15/16 June-July.
SHANGHAI DOLLARS
IN THE AFTERNOON The market was quiet in the afternoon
STERLING
The market closed with sellers at 1/2 15/18 June-July and 1/2 29/32 August-September, buyers at 1/2.31/32 Cash-July and 1/2 15/16 August-September.
U.S. DOLLARS
The market closed with sellers at 30 7/8 June-July and 30.13716 1/2-1/89 August-September buyers at 31
Cash and 30 15/16 June-July,
Gen. Railway Signal 144 Gildden Co.
Class "A" Goodrich (B.F) Goodrich $5 pl. Goodyear Tire & Co. 177 Great Northern Ely. 151 147
Great Western Sugar, 254" Greyhound Corpn. Hecker Products ... 61
TINAGO CONSOLIDATED Min. ing Company treated 850 tons of ore during May, from which P21;") 600 was produced.
Youngstown Sheet
& Tube
STEEL CASTINGS
PRODUCTION
·Manager
THE MERCANTILE BANK OF INDIA, LIMITED,
London, ELI
London, June 13. The production of steel ingots and castings in the United King Head office:-15, Gracechurch Street, the enlarged capacity will be dom in May amounted to 957,000 Authored Capital effected within a year,
tons, as against 938,800 tons in subscribed Capital Plans for the expansion of the April and 1047,000 tons' a year ago. Fuad and Set,
Paid-up Capital .. Benguet Consolidated mill beyond The output of pig iron was 633,000
BANKENS:
Bank Ltd. BRANCHES:
48,150,000
41,80,000
21,050,000
1,247,30
Xedrse
New York
PARACALE GUMAUS produced its present capacity of around tons, as against 661,000 in April. The Bank af England and Midland 1,000 tons a day are under consi- and 698,300 tons in May, 1937- 220,088.38 from 2,160 tons of ore milled.
deration, Judge Haussermann Të (British Wireless), "and Paracale Gumas, ported, but no defnite action has Tidago both Nielson projects. have just as yet been taken gone tato production, the former In the Masbate, and the latter in
the Paracale district, and the figures announced are their arst. month's results..
BALATOC MINING, Company has placed all orders for equip ment for the Increase in capacity of its milling plant from 1,200 to 2,000 tons daily.
The machinery will arrive at in- tervals through the next several months, and it is expected that
SILVER FROM SPAIN
Paris. June 14. One hundred and eighty tons of silver bars arrived at Perpignan yesterday in motor Borries from Republican Spain,
The silver, which is packed in 1,434 cases, will be transported by train to this city though its tilt mate, destination has not yet been
DTENSOCORn). revealed.
1965. Kantan Kandy Kanchi Kota Bharu
·Bangkok
Bombay
Unicatin
4elomba D
... Egain Lipla
Kima Lámpar
Kuča Tronggom
Punang 199 Rangoon Bhangbal
Bimis
Bingapore
* HONGKONG BRANCEL Every Anscriptera of Banking and Hrobnoge
or transboted.
Travaller Chegare"insard,
TRUSIZE AND EXECUTORSHIP
Messrs. Wu Ching-po and Wang Desa
200g Hongkong Cbtn-Jen, members of the Bike- toward, chuen and 8ikang Provincial Ad- respectively, will ministrations, shortly meet in a conference for a new delimitation of the borders between the two provinces, saya a message to the "Bin Wan Pao." The delimitation plan, suggested Currency, TERLINGU. DOLLARS OF Lens by the latter administration, Is that may be meosrtained on apallosion,
to BENSON, understood to have been approved by the Central authorities.
UNDERTAKEN. UN
CURRENT ACCOUNTS_opened la, Local One PRDCY ANA, FIXED DEPOSTTB received în Looni
161161*
Augar
121* $7
⠀⠀⠀⠀⠀ FREEE
131
United Corpn.
cum, pr.
$3
Halph ng
New York.
exctin
251
25
Barw
上
nolul
Pelp
223*
United Clas Corpn. Un. Gas proven't Un. Light & power
3+
Kobe
Pelping
91
·21**
UB. In'trial Alcohol 17 *
17
Loans
291
1.8. Rubber
20
251
and Exchange business transacted.
granted
S. Rubber pt.
65
617
U.B. Smelting
55
56
UB. Steel
Vanadium
Warner Bros. Pict....
413
ceived for one year or, shorter
139*. 14
41* 41
rencies
Westinghouse Elec. 75k
721
quoted on application.
Woodward Iron Cor. 113*
Safe Deposit Boxes To Let
KAN TONG PO,
Chief Manager.
281
271
271
Chase National BK 27 *
87
National City Bank 22*
211*
Call Money
1%
1%...
? Ex. div.
* bid.
Last Sale June 11 13 60 * 59)
273
101* 107
362" 27
121
414"
402
དྷབྷཱཎཝཾཝནཱ kཀྐོབྷཱནཱ། ཊྛཔྤeཏྟཱ ཀྐཾབྷནཱནཱཝཏྟཾ ཝེནནཱགནྡྷནྡྷཨནཔྤནྣནྣམྨཱནཙནྡྷནཱ་ྔརཱིཀྐནཱིཀྐོདཿཎྜོན་ཀྰཡྻཙྩ a8Eཊྛཀྑ=ནྡྷནྲྀ Zi ཉྩཧེམཨོ#8ཙཀྐཨཿཨྰཿཏྲྰཾ དྷནྡྷབྷིནྡྷg
WEDNESDAY, JUNE 15, 1938.
BANKS
HONG KONG AND SHANGHAI THE CHARTEREĎ BANK OF INDIA
BANKING CORPORATION ·
Authorised Capital ........$30,000,000 Issued & Fully Paid-Up $20,000,000 | Reserve Funds:—
Sterling
£8,500,000
AUSTRÀLIA AND CHINA Incorporated by Royal Charter, 1855
HEAD OFFICE: LONDON: 38. Bishopsgate E.C.2.
H.K. Currency Reserve $10,000,000 Paid-up Capital Reserve Liability of
Reserve Fund Proprietors
Reserve Liability of Pro- prietors
$20,000,000
Head Office:-HONG KONG
Board of Directors. T. E. Pearos, Esq.,
Chairman.
Hou. Mr. J. J. Paterson,
$3.300.000 ....... 83.000.000
£3.000.00
MANCHESTER BRANCH; 71, Mosley Street, Manchester.
AGENCIES AND BRANCHES:
ALOR STAR”
Deputy ChairmaM. | AMRITSAR J. K. Bousfeld, Esq., A. H. Compton, Esq.,
Hon. Mr. 8. H. Dodwell, M. T. Johnson, Esq., . J. R Masson, Esq., G. Miskin, Esq.;
"BONG KONG PENANG
120120 IPON KARACHI
KLANG
KODE XUALA..
RANGOON
NODITS
SEREMBAN
BHANGHAI
SINGAPORA
BANGKOK
it
BATAVIA
BOMBAY
CALCUTTA CANTON CAWNPORE CEBU COLOMBO
CLAI HAIPHONG KAMBURO
HANKOW HARBIN
SITIAWAN
LUMPUR KUCKING MADRAS
BOURABAYA
TAIPING
TIENTSIN
MANILA
TONGKAH-
MRDAN
(Bhuket)
NEW YORK
TRIKOTAO
PRIPINO
YOKOHAMA
K. S. Morrison, Esq., Hon Mr. A. L. Shields, D. O Edmondston, Esq.,
Acting Chief Manager,
Branches:-- Ipoh Johore
Penaak Rangoon Saigon Sun
(Peking) ZAMBOANGA
FOREIGN Exchange and General Banking Business transacted.
Amoy Bangkok
Kobe Batavia
Kowloon Bombay Calcutta
Francisco Kuala Canton Lumpur Shanghai
London Singapore Lyons
Sourabaya Ition. Malacca Sungei Manila
Colombo Dairen Foochow Haiphong Muar Hamburg Hdukow
Harbin Hongkaw Iloilo
Patani Swatow. (Johore) Tientsin Mukden Tokyo New York Tsingtao Peiping
Yokohama
in
Current Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application.
CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on applica-
The Bank's Head Office in London undertakes Executor and Trustee business, and claims _re- Tax covery of British Income overpaid, on terms which may be ascertained at any of the Agencies and Branches.
D. J. GILMORE.
· Acting Manager.
THE CHASE HANK
Also up to date Safe Deposit 1, QUEEN'S ROAD CENTRAL
The Business of the above Bank is conducted by the HONG KONG [An & SHANGHAI BANKING COR- PORATION. Rules may be ob tained on application.
For the HONG KONG & SHANGHAI BANKING CORPORATION. D. C. Edmondaton.
Acting Chief Manager.
HEAD OFFICE:
18. PINE STREET,
NEW YORK.
American Bank offering com. plete Foreign Banking Service in the principal Markets of the world. Interest Rates on Application.
HAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHASE NATIONAL BASE. NEW YORK, with Resources over U.S. $8,500,000,000.
"
D. M. BIGGAK.
Manager.
Esq
Sir Sbouson Chow, Chairman LiKaan Chan. Esq, Alan ung, Ea P. K. Kwok, Esq. WongChuson, Esq. Wong Yun Tong, Esq. Kan Ying Pu, Chan Ching Shek, funk Ping Wah, Eng.
Kan Tong lo, Esq., Chief Manager. Li Teo Fong, Esq., Manager.
Branches and Agencies ;-----
Fear Bourabaya Διακοσμ Bww.low
Vanuser markog dhanghai.. Tokokams Bingopert
Every description of Banking
Becurities.
BANK OF CHINA
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...840,000,000.00 (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 an i Exchange.
Head Office: SHANGHAI Hongkong Branch:
4. QUEEN'S ROAD, C.
South China Offices:
approved CANTON
Current Accounts opened in Local SWATOW
Currency and Fixed Depostre SHIUCHOW
KONGMOON TOISHAN KINGCHOW."
periods in Loosi and Foreign Cur-We also handle the issue of Bonda on terms which will be and other Public Funds of the Chinese Government both at Homi and Abroad.
BHOU J. CHEN
5,398,600.00
2,776,796.76
Bydy
Falhoen
Tiental
Tokyo
PHILIPPINE MINING NEWS
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