Mining
.!B/-
Kailang karibuen
Rauba
$9.20
$3
8. Hong Kong Mines......
Docks, WharTOS,
Godowns, sta
$130
$139
H.K. & E. Warren...
1297
#130
: : :
3.35/37
Sei
Providenta (old).....................} Providenta (DeW},{ H.K. & W. Dock....
$3.45
$3.37)
$6.50
$38
1357
$30
2013
"Do. (new)..........
115 Shangbai Docks 8. .... $3.00 New Engineerings S.
Lands. Hotels, and Baildings
H.K. Hotels
H.K. Land..........
Do. 4% Debentures
$8,40 Bhanghai Lands. B. H.K. Realti
$9.36 | Humphreya' durere
111 Chinese Extatolmuş
::
$21 $20
PAGE 12-HONG KONG DAILY PRESS
DAILY SHARE QUOTATIONS Hong Kong Stock Exchange
Sharebrokers'
"Association
Haym alteri Halne Nominal.
MONDAY, JULY 26.
Bayern
Badar
2405
$34
$3.374
ex.div.
Banks
cum.L$1,510 H.K. Banka'
+I+
www.
Do. (London) Elli Chartered Banks ....
Marcantils Bka. ****
£13 Mercantile Bk. "C"
198
w
Bank of East Asia ... N. C., & 6. Banks ......
Insurances
| Canton Insuran
cum.d. $1,510 {ex.div. £49)
£11 £28 £13.
$86
20
THE EXCHANGE MARKET
MESSRS. ROZA BROS.
"Suver prices rose 1/8" over the week-end for both deliveries, the quotations being 19 5:8 for Rendy and 19 1/2 for Forward. Silver advices reported some Indian pur- chases Speculators sold. The mar ket was steady. American Silver was quoted at 42 3/4 for Spot.
The London New York Cross- rate was quoted at 492.06. New York-London was quoted at 492.
7/16.
1240
#220
$4971
Union Insurancés ................ Underwriters werevelika
$4071
$219
H.K. Firecresist Shipping
$2
10
Quiet.
$75
$90
$20
#14
$51
$40
124
$24
93/9
193/9
!!!!!
Douglassa coma
Steamboată mamamar
Indo-Chinas (Pral.
Indo-Chinas (Def.)
Shells
Waterboats
Venesuela Goid Fids.
$0.80
$3
E
MARKET
STERLING
No business was reported. There were sellers at 1/3 July: possibly August and 1/2 31/32 September- December, buyers at 1/3 1/32 Cash- August and 1/3 November, possibly October: ..
U.S. DOLLARS. There were sellers at 30 3/4 July-August. possibly September and 30 11/16 October November. buyers at 30 13-16 Cash-Septem- ber and 30 3/4 November.
SHANGHAI DOLLARS Sellers 168 1/B.
FINANCE
NEW YORK STOCK EXCHANGE
1938
Allis Chalmers
(Through Reuter's Service)
QUOTATIONS
High Low Dow Jones Averages 143.67 88.95 20 Industrials
32.77 19:00 20 Baile 22.00 13.14 20 Villies 92.70 83.39 40 Bonda 54.99 45.03 11 Commodity Index
July 241938. July'. High Low Close Ubank
149.25 29.83 91.85 90.41 49.89
144.39 142.31 144.84 1.89 up 30.40 30.01 30.38 .50 up 200 31.73 31.99 .14 up 90.51 .09 up unquoted
Business Done:—780,00; ahures,
STUCKS
Last Sale
STOCKS
Last Sale
July 22 23
July 22 23
Adams Express ****** Alleghany Steel Co.
121
..121
Great Western.Sugar_287*
287
191
191
Greyhound Corpn. 161
521
531
Hecker Products
82
8
Amer. Can
9911
99
Int. Nickel
511
521
Amer. & For. Power Amer, & For. $7 på. 23 * Amer. Locomotive ... 291 Amer. Metals...... Amer. Radiator..... 161 Amer, Rolling Mili... 207 Amer. Smelting...... 504 Amer. Sugar R'ing ..... . 281 Amer. Tel, & Tel. 1401 Amer. Tobacco "B" 842 Amer. Waterworks... 117 361 Anaconda. Copper ... Atchison, T. & S. Fe. 391
di
44
Int. Tel & Tel. ..... 101
100
23
Kennecott Copper.... 411
424
Authorised Capital ........$50,000,000 Issued & Fully Paid-Up $90,000,000 | Reserve Funds:
231
38)
371
Libbey- Owena- Foru
Class
161
211 523
441 Lockheed Aircraft ... 141 Loew's Inc..
48"
Martin, Glen L .... 201
504 261
Sterling ------- 471 H. K. Currency Reserve $10,000,000|
Reserve Liability of 141
Proprietors...
£8,500,000
TUESDAY, JULY 26, 1938.
PAYNE & CO.
COMMODITY BROKERS
STOCK EXCHANGE BUILDING
HONG KONG.
BANKS
HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA
BANKING CORPORATION
AUSTRALIA AND CHINA Tenparated by Royal Charter 1955
HEAD OFFICE: LONDON:
38, Bishopsgate E.C.27
Paid-up Capital
$90,000,000
McKesson & Rob-
1401 16 12
bins, $3 pí........
Mousento Chemical 904
374
35 90+ Montgomery Ward 471 43+ Nat. Dairy Products 157 158
35'
T. E. Paarce, Esq.,
Hon. Mr. J. J. Paterson,
401
Nat. Distillers
247
241..
Auburn Motors
47
41
Nat Power & Light, 74,
71.
J. K. Bousfeld, Esq..
Baltimore & Onią ...
101
101
Nat. Supply Corpn. 22
22
A. R. Compton, Esq.,
Barber & Co.
215
223
New York Central... 201
314
Hon. Mr. S. H. Dodwell,
Head Office:-HONG KONG
Board of Directors.
Chairman.
eaarve Fund ¡Reserve Liability of Pre- pristors
23.000.000
MANCHESTER BRANCH: · 71. Mosley Street, Manchester.
AGENCIES AND BRANCHES »
HONG KONG PENANG ILOILO IPOR
ALOE STAR
Deputy ChairmanTİ. | AMRITSAR
BANGKOK
BATAVIA
BOMBAY
BANGOON
£3.002.000
£3.000.000
SAIGON
KARACHI KLANG
KEREMBAN
BRANGHAI
Barnsdall Oil.....
201
201
N. America Aviation 101
101
M. T. Johnson, Esq.
CALCUTTA
41171 $4
SHANGHAI MARKET Sterling. sellers 9.1/64. US.$.
Bethlehem Steel
601
621
North America Co. 231
23+
J. R." Masson, Esq..
sellers 18.1/2.
Boeing Airplane Co. 303 Borg-Warner
301
Northern Pacific.... ....
137
144
G. Miskin, Esq..
CANTON CAWNPORE
KODE KUALA
SINGAPORI
BETIAWAN
32
324
1.60
$8.80
**་
$38
IN THE AFTERNOON The market was quiet afternoon. 11
STERLING
In the
$106.
26.80 39.30
Cotton Mills
$16
Ewas (6.)
$16.10
$754
The market closed with sellers at 1/3 July. possibly August "and" 1/2 31/32 September-December: buyers at 1/3 1/32 Cash-August and 13 November, possibly Oc- tober.
Briggs M'facturing. 301 Brooklyn-Manhattan
Trans. ........ Brooklyn-Manhattan
$6 cum. pf. Case. JI. Canadian Pacific
911
Pacific Gas & Elec 271 Pacific Lighting ... 41′′.
281
411
Packard Motors... 51
54
K. S. Motrison, Eng., Hon. Mr. A. L. Shields, D.C. Edmondston, Esq.,
cket
114 £14
Paramount Pictures 101 Pennsylvania R.R.
111
Acting Chief Manager,
COLOMAC DILHJ HAIPHONG
·HAMBURG
LUMPUR KUCHING MADRAS
ŠOUKABAYA
TAIPING
TIENTS IN
MANILA
TONGKAR
MEDAN
(Bhuket)
NEW YORK
TSINGTAO
29
231
HANKOW
33 ⚫
34 *
Phillips Petroleum ..
421
43
74
ཏྭརྞ
Public Service of N.J.
304
31
Amoy
Branches: Ipun
102
105
Pure Olt
18
13
Bangkok
Johore
Penang Rangon
Chesapeake & Ohio 347 Chrysler Corp. ......
35
Radio Corpn. of Am. TI
Batavia
Kobe
71
717
731
Republic Steel
19
201
Bombay
Kowloon
Saigon San
Calcutta
Kuala
Columbla Gas & El
B
8
Reynold Tobic. “g”-431f
44+
Canton
Lumpur
$87
B'bai Cottons. (8.) ---
G.S. DOLLARS
$24
Columbia 6% “A” pl. 691 Commercial Credit.... 46)
68
Schenley
201
201
Chotoo
London
47
$27
Zoong Sings (8.).......
$42
$72 #894
1 $42
$80
Wing On Textile (8)
Pabile Utilities
$17.70
...
Peak Tramas (old).......
$34
Peak Trams (GW)..................) Star Ferries
3
one
$791
The market closed with sellers -at-30-3/4 July-August, possibly September and 30 11/16 October- November, buyers at 30 13/18
and Cash-September
30
November.
Schenley, 54% pfà........754*
753*
Colombo
Lyons
Francisco Shanghai Singapore Sourabays
Commonwealth & 8. Commonwealth & S
11
11
Sears Roebuck
74
74
Dairen'
Malacca
Sungei
Shell Union Oil
17177
Foochow
Manila
Patani
8% cum pt.
43
43
Socony-Vacuum Oil
151
* 151
Haiphong Muar
3watow,
3/4
Consolidated Edison 291
291
Southern Pacific
201
211
Hamburg
(Johore)
Tientsin
Hankow
Mukden
Cunsolidated Oil
10+
101
Southern Rly $5 pfd.
201
21
Harbin
Continental Can
4811
461
Standard Brands
B+
84
9131
Do.
$003
$61 1
H.K. Electrics
$18
124mati Berries C.R.$
China Lights. (old)....-.
China Lights (new)..... 8
| Bfacao Electrics .....
(new)
$25.35 $24.35
Bougkew
New York Peiping
Tokyo Tsingtao Yokohama
Continental Ol
347
351
Stand Gas & Elec. 44
41"
HARBIN
PRIPING
YOKOHAMA
(Peking) ZAMBOANGA
FOREIGN EXCHANGE and General Banking Business transacted.
¡ CURRENT Accounts opened and FIXED DEPOSITS received for Que Year or shorter periods at rates which will be quoted on applies. tion.
The -Bank's Hend Office jo Loudon undertakes Executor and Trustee business, and claims _re
of British covery
Income ΤΑΙ overpaid, on terms which may be ascertained at any of, the Agencies and Branches
Παύλο
$61
#11.10
861
Corn. Products
694
691
Standard Off of N.J. 571
58+
11
H. K. STOCK
Curtiss Wright (C)
57
51
Curtiss Wright "A" 231
231
Stone & Webster ..
Swift
101
11
International 281
281*
•
JO
Sandakan Lights
$98
Telephones (old)...
$0.80
Telopfinnes (EW)............
327 $8.80 24 6
EXCHANGE
Distillers Curon. Sea-
Technicolor
211
211
grams
Douglas Aircraft
Du Pont
28/3 Traotiona
**
Tractions (pref.) ....................
Industrials
$14
Cald., Macg (Ord.)'S.
$14
Cald., Macg. (Praf.) 8. ;
$1.70 Canton Ices
$1.60
$10,80
$7
#16]
$4.80 Ropes.......
$1
$51
$1.2
:.
:::
Cementa
Consolidated
China Prov. (old).................
Chine Prov. (new)....
Miscellaneous
128Dairy Farmas
Ch. E'tainmenta.
Constructions (old).........] al} Constructions (new)....
18.70 Lane Crawfords.........
Nanyang Tobacco ......
$2.20 Sinceres
$10.88
342
BUYERS
4.
YESTERDAY'S
OFFICIAL QUOTATIONS
The market continues firm all round. !
H.K. Bank (Lon.), £90 x diy, Union Insurance, $495.
Flintkote
Gen. America Trans 49
Eagle Picher Lead 11
Elec. Bond & Share
Elec Bond & Share
$5 pt.
Elec. Bond & Share
$6 pt.
Elec. Power & Light
$7 pi......
$26)
Union Waterboats, $9.
361
HK. & K. Wharves," $130. HK. Docks (New), $20.
Providents (Old), $34.
18
'Gen. Electric .....
Gen. Motor
......
Gen. Railway Bignal 234
Gudden Co.
Providents (New), $3.374.
Raubs. $9.80...
Goodrich (2.F.) ......
$7.10
10/15
Watson
$2.10
I 3
Goodrich $5 pf....... 581 58)
$7.16
Venz. Goldfield, $3.
671%
Ch.G.5% 1925G.$Bds.
H.K. Govt. 4% Loans
1pm
H.K. Gort, 34% Losos | $101
С
H.K. Wing On...........
871% $105
360
H. & S. Hotels. $3.65.
Goodyear Tire & Co. 27 Great Northern Iron
HK Lands. $353.
Ore
H.K. Lands $4 Deb.. 3106.
Great Northern Rly. 241
S'hai Wing Os
#5.10 Vibro Piling......
$5
13/3
Marstans Inv. (Lou.)
2/3
170 sta
Maramans Inv. (II.K. Win. Pawella
***Sales to Shanghai
LONDON EXCHANGE
70 cta.
RATES
(British Wireless Service)
July 21
Parts
178-13/64
July 22. 178-11/84
Geneva
.21.421
21.491
Berlin
12.241
12.25
Athens
Milan
93-7/16
934
Copenhagen
Stockholm
Shanghai
8-13/18d 4.913 8.95-1/16
4.921 8.931
1410 2261
1/2 31/32
New York
Amsterdam Vienna
Prague Helsingfors Bucharest
Hong Kong Bombay
Montreal
Brussels
Yokohama
Sellers
Buenos Aires
Monte Videokji
Silver (Forward)
Silver (Spot) War Loan
670
1/5 29/32 4.93-7/16
29.087
R10
DON LONDON:
18.94.
201
2-27/32
19
101
34% 103.
Closing Quotations
July 26, 1938.
Celegraphic Transfer... Back Bills, on demand 1/27.
Oredits, 4 months' sight 1/31
ON SHANGHAI ! —,
On demand
ON SINGAPORE:-
On demand
ON JAPAN:-
De India:-
Bank, op demand
ON NEW YORK-
4.93-9/16. 29:114
194
ཚྭ་ཚ
Bank Bills, on demand 301 Credita, '80 days' sight - 31
DN BATAVIA: --
On demand
མ་་་་་འས-སཀཽ--***
Bank Bills, on demand 1,005 Credits, 4 months' night 1,180
UN PARIS
ON SALGÓR:
On demand
ON MANILA
On demand
109.
811
ON BAXOXOK:
1061
...On demand
1498
30vereign Notes
Bank Buying Rate...
1/3-1/14
10h16
Rar Silvar, per n
10
Telegraphic Transfer... | 89
H.K. Realties, $5.85.
Peak Trams (Old), 561. Star Ferries, $791. - China, Lights (Old), $11.
China Lights (New), $8. H.K. Electrics, $50 Telephones (New). $9.80. Cements, $16.60.
Watsons, $7.15. Entertainments, $64. Constructions. $1.
H.K. Govt. 31% Loan, 1% pm. Consol. Ch. Prov. (Old), $7. Consol. Ch. Prov. (New). $61.
SELLERS
Canton Insurance, $240. H.K. and K. Wharves, $132. F.K. Realties. $5.35. Star Ferries, $80.
SALES
H.K. Docks (Old), $21. H.K. Docks (New), $20. Providents (Old), $3.36. Providents (New), $3,371/3.40. H. & S. Hotels. $8.65.
Star Ferries, $80. H.K. Electrics, $81. (Prices below in Phil. Currency)
Antamoks. Pa.. .401.
Átaks, 30
Baguio Gold, .22 Benguet Consal. 11.20 Coco Grove.. 431 Demonstrations, 29 San Mauricio. .52 Suyoc Consol.. 18 United Paracales, 33
Scots Oil Well Will Yield
10,000 Gallons Daily
A "10,000-gallons upply dally for 30 years is expected from the Anglo-American Oll Company's, well at Dalkeith, Midlothian, which is now confidently believed to be the most important oll "strike" ever made in Britain. The greenish, viscidoll, which is seeping into the well from a layer of sandstone 1700ft. below the surface o D'Arcy Farm, is of fine quality. No estimate of the date when the well will begin full supply. Is yet
TO FURTHER SALES OF CHINESE PRODUCTS
possible.
"This well. at the very least, as good as any ever discovered in this country," said Mr. A. H Chapman, an American oil ex- pert, production manager of the company's exploration unit to
The Bulletin recently.
"I
Many Chinese manufacturers from Shanghai, whose properties
When asked if he thought the in Japanese-occupied areas have
ten enormous expense of the been ruined by the hostilities, have months' search at Dalkeith would decided to remove to Hong Kong. prove to be worth while, Mr. Chap- and some have already set up their man said." "A company like ours plant here.
not does
ht
sperid thousands In view of the concentration of Chinese manufacture in this Co- pounds without good reason. There lony, an organisation with a capital has to be a lot of head-scratching
and convincing first.” of $250.000, to be known as the Advertising China Commercial Company will be established short ly to handle printing and advertis- ing for the manufacturers who are desirous of introducing their pro- ducts to local and foreign markets
H.K. SHAREBROKERS Exports Down
ASSOCIATION
BUTERS
Wharves, $1292. Providents (Old), $3.50.
Providents (New), $3.371 *Hotels, $0.65.
Lands, $364.
S'hai Wing On XD., $4f. ($10 face
value). (8'hat currency)
Watsons. $7.15.
SELLERS
Trams, $17.80.
fr
Hotels, $8.85.
SALES
£25,750,000
A decrease compared with 1937
of £25,750,000 in the exports of
the United Kingdom' during the
·Producing a plece of oil-sand- stone taken from the bore. Mr. Chapman said, "Teh per cent of And down below. this stone is oil.
in our bore, that oll is seeping into the Well from a layer of stone 30ft. deep."
There is not suiclent pressure of natural gas to bring the oll to the surface automatically. Pump- ing machinery will be necessary.
#
WORKING TEN YEARS HENCE
When that is installed and work-
six months ended June, 1933, ising satisfactorily it is believed shown by figures in the Board of that the average daily quantity of oll brought up will be 10,000 gal- Trade Journal.
Imports declined in the same lons period by nearly £14,500,000.
"It is not at all unlikely that we During June imports, totalled will be working here 10 years from £78,503,000, compared with £68. now producing oil," said Mr. Chap- 187,000 in June, 1937, and exportsman.
In order to induce the oil to seep (including re-exports) were, 241, 881,000, compared with £51,000,000. | from the sandstone at a great rate
THE CHASE BANK
Also up to date Safe Deposit 18, QUEEN'S ROAD CENTRAL
"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 HONG KONG & SHANGHAI
BANKING CORPORATI..>
D. C. Edmondston,
Acting Chief Manager. Hong Kong, 2nd May, 1938.
BANK OF EAST ASIA, LIMITED.
Authorised Capital $10,000,000.00 Paid-up Capital
5,588,600,00 Reserve and Undivided
Profits
2,776,728.76
Head Office:-HONG KONG No. 10, Des Voeux Road, Central.
Bourd of Directors— Bir Shouson Chow, Chairman Li Kon hon. Kn. Li Lan Sang, Esq. P. K. Kwok, Esn WongChaSon, Esq. Wong Yun Tone, Esq. Kan Ying Fo. Esq Chan Ching Shek Fung Ping Wah, Esq.
:
Esq.
Kan Tong Po, Exq, Chief Manaqur. Li Tse Fong, Eur, Manager.
Branches and Agencies ;-
Kowloon Fonang
Bourabaya London Zangoo BwnBow Sydney Tahoin
Anay
Bomber Osteott Chatin Haiphong Bukow
Bagon "Manila
Melbourne B Fran Nagtanki New York Renzile Önis Hmolulu Parle
Tintin
Köte
Tekre Bemarang Vancouver Bhatgba Yokohama
2 Pelping Singapore
Every description of Banking and Exchange business transacted.
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.
SAFE DEPOSIT BOXES
This Bank is entirely owned by
THE CHASE NATIONAL BAK NEW YORK, with Resources.over U.S...$2,300,000,000.
D. M.BIGGAB,
Manager.
BANK OF CHINA ·
Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE
BANK
PAID-UP CAPITAL...$40,000,000.00 BRANCHES ALL OVER OHINA) 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, O. South China Officex},"
KONGMOON TOISHAN KINGCHOW
Loans granted .on approved CANTON
Current Accounts opened in Local SWATOW Currency and Fixed Deposits re- SHIUCHOW ceived for one year or shorter periods in Local and Foreign Our rencies on terma which will be quoted on application,
Safe Deposit Boxes: To Let. KAN TONG PO,
Chief Manager.
We also handle the issue of Bonds and other Public Funds, of the Chinese Government both at Home and Abroad.
SHOU J."CHEN
Manager
the stone is to be fractured by tary bit to clear away the ob the explosion of 5001b, of blast struction. This was
long and
ing gelatine in the boze, 1700 feet laborious work and it is possible take place down. This was to have been the explosion will done. but various mishaps have shortly. held up the work.
*
a
The latest occurred recently
The Bheng Provincial Govern- when a cannister of the type used ment has decided to open to hold the explosive stuck in the cement factory in Patahui district, bore, 40ft. from the bottom. The states a dispatch to the "Stan cannister was being lowered, alled dard" Regulations are being with granite chips, as a guide to drafted by the provincial autho the explosive experts.
rities for the organization of the The result was that the work arm which is expected to be had to be abandoned and the managed by commercial interests boring-rods reinserted. with a ro with government supervision.
161
181
521
531
Texas Gulf Sulphur 351 20th Cens. Fox. Films 237
351
Current Accounts opened Local Currency and Fixed Deposits received for one year or shorter
in
D. J. GILMORE,
Acting Manager..
periods in Local and other Cur-
25
rencies on terms which will be
1271
130
"I do Films pf. 32
331
quoted on, application,
12.
Union
Carbide &
11
91 91
Carbon
851
261
Boxes in various sizes To Lat.
Union Pacific
85;
86
Hong Kong, 2nd May, 1938.
ུ༔ ཨྰཿ་ོ*#
531* 531*
United Aircraft ...... 281
-281
United Airlines Trans 107
101
HONG KONG SAVINGS BANK
581
573
United Corps.
31
United Corpn. $3 1.
421
cum. pf......
33
33
231
United Gas Corpn.
41
4
49
Un. Gas Tprovem't 101
107
43
U.S. Rubber
441
451
431
U.S. Rubber pí....... 83
83)
24
U.S. Steel
601
B21
247
25
Vanadium
201
201
201
214
Warner Bros. Pict...
61
7
Westinghouse
Elec. 104
105
28
Woodward Iron Cor. 21
211
137
141 25
Chase National BL 337" National City Bank 273*
1/ Call Money
332*
271* 1.
tex. div.
• bid.
No comments yet.
Private notes are available after approval.