1938-08-09 — Page 12

$9.70 $3

#31

$1.60 $3.40 $31

17 eta. Hong Kong Mines......

Docks, WharTOS,

$130 H.K. & K. Wharton...

Datyara Bellers

Balon Nomade 1)

MONDAY, AUGUST.8.

Buyer

Sallur

Banks

cum.d $1,470 H.K. Banka

£90 ex.div.

Do. (London) um £12] | Charland Banks .... 620 Marcantile Bka. "A"

£13 Morowolle Bka. "O"

Bank of East Asia ....

188

N. C. & B. Banks

Inmirs.nces

$280

Canton InsuTIDOR

$500

Union InsuraNGER POLIT

12 1219

Underwriter zemniekster

$80

H.E. Firos .....

Shipping

Dongisse .....

#314 | Stormboats ..................................

Indo-Chinss (PreL.)....

Indo-Chinas (Daď.)..

Sales Nominal

ex.div. $1,470 ex.div. £88

#

£38

£13

$88

13

$$95

$500

12 3310

$75 $31

351

$24

91/3

180

124

AL/

Sbella...

Pisterbosta

Mining

18/3

Kalans

16/3

39.70

Venesuele Gold Fid

.*

MESSRS. ROZA BROS. "Silver prices rose 1/18 yesterday for both deliveries, the quotations being 10 7/18. for Ready and 19 5/16 for Forward. Silver advices reported India, as having bought. The market was steady. Ameri- can Silver was quoted at 42.3/4 for Spot.

The London-New York CTOLS- rate was quoted at 4.88.31 New York-London was quoted at 4.89. 7/16.

MARKET

Extremely Dull.

STERLING

No business was reported. There' were sellers at 1/3 August-Sep- tember and 1/2 31/32 October- December, buyers at 1/3 1/32 Cash-October and 1/3 December. U.S. DOLLARS Sellers at 30 9/16 August-Bep-| tember

October- and 30 1/2 November, buyers at 30 3/8 Cash- October and 30 9/18 November.

PAGE 12-HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

FINANCE

Sharebrokers' Association

THE EXCHANGE MARKET

NEW YORK

STOCK

EXCHANGE

(Through Reuter's Service)

QUOTATIONS

1938

High Law Dow Jones Averages

Aug. 3.

Aug. 7, 1938, High Low Close

144.91 98.95 so Industrials

144.47

$2.77 19.00 20 Baile

99.18

Chang

146.28 144.73 145.67 1.30 up

30.00 29.58. 89.77 40 up

22.35 16.14.90 Utilities

20.80

21.08 20.80- 20,93

13 up

98.70 83.39 40 Bonds

90.00

40.00 +5.09 11 Commodity index 49.09

30.91 unquoted

91 up

Business Done;-930,000 shares,

Godowns, ete.

SHANGHAI DOLLARS

|(129)

Sellers 183.

Providente (old)......... }

13.42

SHANGHAI MARKET

Providenta (Dew)........

121

20

[H.K. & W. Dock.....

Do. (new).......

1X1

Sterling.

21

U.S.Auburn Motors i sellers 7.31/32. Dollars Sellers 164,"

STOCKS

Adams Exprem „****

112 Alleghany Steel Co. 18 Allis Chalmers ........ 523 Amez. Can....... .... 1011 Amer. & For. Power 4+ Amer," & For. $7 pf. 21 Amer. Locomotive... 221 Amer. Metals ......... 351 -Amer. Radiator. ................. Amer, Rolling Mill... Amer. Smelting...... Amer. Bugar Ring Amer: Tel. & Tel. Amer. Tobacco "B" 90 Amer. Waterworks........ 'Ilk Anaconda Copper Atchison, T. & S. Fe. .38

Last Sale

STOCKS

August 58

Last Bale August 5 €

121

Great Western Bugaz

273 "

274

192

*Wrayhound

Corpn. 177

171

53}

Hecker Products

8

.8

103

Lot. Nickel ......... 614

44

ant. Tel & Tel........

0+

211

Keanecott Copper... 421

94 43B

223

Libbey-Owens- Ford

36

Glass

474

16 21

151

Lockheed Aircraft

151

211

Loow's Inc.

50 151 501 501

511 517

Martin, Glen L 251

Board of Directors. T. E. Pearce, Esq., Chaseman. Hon Mr. J. J. Paterson,

25

27 1413

274

142)

McKesson & Rob-

bina, $3. pf.

344

943*

***

J. E. Bousfeld, Esq., A. H. Compton, Esq.,

91

Monsanto Chemical 95

964

Hon. Mr. S. H. Dodwill,

11t

Montgomery Ward... 491

494

M. T. Johnson, Esq.,

361

37+

Nat. Dairy Products 16

16

442

J. R. Mason, Esq.,

39

Nát DEtera

261

26

G. Miskin, E

4

4

Nat. Power & Light 1

K. 8. Morrison, Esq.,

TUESDAY, AUGUST 9, 1938

PAYNE & CO.

COMMODITY BROKERS

STOCK EXCHANGE BUILDING

HONG KONG

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

£6,500,000

Authorised Capital ........$50,000,000 Issued & Fully Paid-Up $80,000,000 Reserve Fundi

Sterling H.K. Carrenor Reserve $10,000,000 Reserve Liability of 51+

Proprietors

Head Omce:—HONG KONG

................$20,000,000

Deputy Chairman.

THE CHARTERED BANK OF INDIA. AUSTRALIA AND CHINA Incorporated by Boyal Charter, 1855

HEAD OFFICE; LONDON: 38. Bishopsgate K01 Paid-up Capital Reserve Fund.... Reserve Liability of Pro-

prietors ...

£3,000,000 ........ £1,000,000

£3,000,000

MANCHESTER' BRANCH: 71, Mosley Street, Manchester.

AGENCIES AND BRANCHES:

RONG TOTO PINANO ILOILO

KANGOON

ALOK STAR AMRITSAR BENGKOK BATAVIA

i

(POR KARACHI

SALOON

KEREMBAN

KLANG

&HANGBAT

SINGAPORE

BOKBAY

$6.70

$107

8127Shanghai Docks 8..... $3,90 New Engineerings 8.

Lands, Hotels, and Buildings

H.K. Hotels near

$38.40 H.K. Lands'.........8.

Da. 4% Debentures

$125

"

IN THE AFTERNOON

Baltimore & Ohio ... Barber & Co.

91

9.

Nat Supply Corpn. 19

194

Hon. Mr. A. L. Shields,

201

21

New York Central ....... 20

$4

The market continued dull in Barnsdall Oil ......... the afternoon.

193

201

N. America Aviation 104

10元

Bethlehem Steel ... 60

60%

North America Co. Mi

211

#61

STERLING

$38 $107

$8.40 Shanghai Lands 8.

$6.85

$0.85

H.K. Realti

$5.50 $9.30

$9.35 Humphreys ................

$10 Chinese Estates ...................

Cotton Milt

318

118 Ewow (8.)

$171 $81

917

::༣:ཁྲི་ཚོ

198

8'bai Cottora (8.)

$87 #244

124

Zoong Sings (8) .................

$12

$49

Wing On Textiles (8.)

Public Utilities

$171

U.S. DOLLARS The market closed with sellers at 30 9/16 August-September and 30 1/2 October-November, buyers at 30 5/8 Cash-October and 30 9/18 November.

The market closed with sellers at 1/3 August-September and 1/2 31/32 October-December, buyers at 1/3 1/32 Cash-October and 1/3 December.

Trans....100 Brooklyn-Manhattan

$6 cum. pí. Canadian Pacine .... Case. JI.....

Boeing Airplane Co.. 281 Borg-Warner ......... Briggs Mfacturing Brooklyn-Manhattan

Northern Pacific

137

134

321

321

Facid Gal & Elec ai

n

Amoy

341

35+

Pacific Lighting

391

391

nongkok Jobor

Penang Rangoon

Packard Motors ..............

54

Batavia Kobe

Saigon

117 11

Paramount Pictures 108

104

Bombay

Kowloon

Ban

Pennsylvania RR.

21

234

Calcutta

Kuala

314*

32*

Phillips Petroleum ...

43

431

Canton

Lumpur Shanghai

01

1

Public Service of NJ,

30

311

Chefoo

London

Singapore

Colombo

Lyons

1004

99

Pure Of

12

121

Dairen

-Malacca

Sungai

Bat

Tramways

a

Fosk Trama (old)......

$34

ezdir. $788

Peak Trams (new).......

Star Ferries........................

$79

1241

I'mati

Forries C.B.

$25

924

Do.

new)t

324

H. K. STOCK

Chesapeake & Ohio 33

731 Chrysler Corpn....... Columbia Gas & E Columbia 6% "A" pt. 631* Commercial Credit... 49 Commonwealth & 8′′ it Commonwealth & B

330

Radio Corpn. of Am. 6%

7

Toochow

Manila

742

74

831*

30

Republic Steel"./ ... 191 | Reynold Tobac. "B" 491

Schenley Schenley. 51% píd........ 743*

197

Hainhong Muar

Swatow

43

Hamburg (Johore) Tientsin

20

201

Hankow Hårbia 744"

Mukden Tokyo

11

Sears Roebuck ... 748 Shell Union Oll

742

Hongkow Iloilo

New York Thingtao

Yokohama Peiping

www

171

171

011 20 $11.30

China Lights (old)......11.10

$8

Chins Lights (new).....

EXCHANGE

001

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

3501

Continental Can

8% eum pf.........

394 Consolidated Edison 281 Consolidated 01 101

481 451

391. Socony-Vacuum Oll" 157

151

28 101

Southern Pacific... 20

204

Southern Rly 45 pid.

191

20

Standard Brands ....

18

B1

404

$18Macan Electrics

Sandakan Lights ....................

$26 8C Teleponas (cid)....................

#9.80 Telephones (new)......

Continental Ou

-351- 351

Stand Gas & Elec.

41 41*

337

$0.80

26/3

Tractions Logan

18/3

Tractions (pref.)

YESTERDAY'S

OFFICIAL QUOTATIONS

Corn. Products

601

691

Standarq Oil of N.J. STI

574

Curtiss Wright (C.)

51

Stone & Webster

101

101

Curtiss Wright "A" 243

241

Swift Internationa: 281 ·

23 *

Distillers Corpn. Sea-

Technicolor

244

Industrials

$14

Cald, Macg. (Ord ) 8.

914

| Cald., Macg. (Prof.) 8.

$1.70 Canton Loes

$1.80

41

$101

17 $7.30

$6.80

ST

1851

#1

!!!!

$8.70

Cementa

$4.10 Ropes

Consolidated

China Prov. (old).................... China Prov. ZLOW)................

Dairy Farms

Ch. E'tainmente ....................

Constructions (old).... $1! Constructions (now)..........

Laas Crawfords......... Nanyang Tobacco

$2.50 Sincere ali

$18.65

24.10

$7.00

$0.80

Miscellaneous

The market continued steady and prices were well maintained.

BUYERS "H.K. Bank (Loa.), 90 ex. d.

Union Insurance, $500. HK. Steamboats, $21. Union Waterboats, $9... Providents (Old), $34.

grams ...

17+

187

Texas Gulf Sulphur 363

25 371

Douglas Aircraft

511

513

20th Cent. Fox. Fims 259

25%

Du Pont

1311

1331

do. Films pf.... $4

33

น

Engle Picher. Lead

10%

111

Unjon Carbide

2

Elec. Bond & Share

81

84

Carton ....

817 811

"Elec. Bond & Share

Union Pacific

85

86

52 *

513*

United Aircraft

$5 pf.....

287.

281

Elec. Bond & Share

United Airlines Trana

gj

91

ST

561

$6 pl.

United Corpn.

3

3

#251

Providents (New), $3.40.

Elec, Power & Light

United

Corpn. $3

$8.25

Raubs. $9.70.

S7 p.

401

41-

cum. pl.

317

.. 321

Venz. Goldheld, $3.

Fitntkote

231

231.

United Gas Corpn.

4.

41

$8

H. and S. Hotels, $6.70.

Gen. America Trans

494

50

Un. Gus I'provem't 104

104

Hong Kong, 2nd May, 1038:

HK. Lands, 4% Deb., $107.

Gen. Electric

421

437

US. Rubber

461

461

H.K. Realties, $51.

Gen. Motors.

451

471

US. Rubber pf.... 833

834

::

Watsona

677. Ch. G.5%1925G.$B&«.

*

$60

H.K. Wing On

12/-

$7.36

1pm

3/3

161795

Vibro Piling

| Karamana Inv. (Lop.)

Maramins Inv. (H.K.)

79 cte Win, Powells

"gales to Shanghai

LONDON EXCHANGE RATES

$7.30

67%

H.K. Govt. 4% Loans | $1057

| H.K. Qort. 31% Logos

3101

$50

B'bai Wmg On..........

$5

$6.30

$8.40

H.K. Tramways, $171.. Peak Trams (Old), $64. Yaumati Ferries (Old), $24. Yapmati Ferries (New), $24. China Lights (Old); $11.20. China Lights (New), $3.

243 Goodrich (B.F.) .....

25 Goodrich $5 of 591 Goodyear Tire & Co. 291 Great Northern Iron

Orc

Gen. Rallway. Signal 211 Glidden Co.

23

US. Steel....

BANK OF EAST ASIA,

61)

621

24)

Vanadium...

201

201

LIMITED.

Warner Bros. Pict.... 257

B

591

131

Great Northern Rly. 231

131 23

+4

Westinghouse Elec. 1042 Woodward Iron" Cor. 193 294

Chase National BK. 324" National City Bank 281 Call Money ... ... 1%

* ex div.

1061 20 331* 261* 1%

Authorised Capital $10,000,000.00 8,898,600.00 Paid-up Capital ......... Reserve and Undivided

D. C. Edmondston, Eaq

Acting Chief Manager.

Branches- Ipoh

Francisco

Sourabaya

Patani

Current Accounts opened im 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.

Also up to date Safe Deposit Boxes in various sizes Ta Let. Hong Kong. 2nd May. 1938.

HONG KONG SAVINGS BANK

The Business of the above Bank is conducted by the HONG KONG & SHANGHAI" BANKING.COR. FORATION. Rules may be ob tained on application.

For the HoxG KONG & SHANGHAI BANKING CORPORATION,"

D. C. Edmondsten.

"Acting Chief Manager

CALCUTTA

CANTON

CAWAPORE

COLOMBO DELAI HAIPHONO

KUALA

LUMPUR

KUCHING MADRAS

KITIAWAN

BGURABAYA TAIPING VIENTS IN

(Bhukst)

TRINOTAŬ

YOKOHAMA

(Peking) SAMBOANGA-

FOREIGN EXCHANOI and General Banking Business transacted.

CURRENT Accours opened and FIXED DEPOSITs received., for One Year or shorter periods at rates which will be quoted on application.

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 Ageneicā and Branches.

D. J. GILMORE,

Acting Manager.

THE CHASE BAN

15. QUEEN'S ROAD CENTRAL

HEAD OFFICE?

LÊ. Pira STEIT,

NEW YORK.

An American Bank ofazing "come" :

plate Foreign Banking Service in the principal Marketa of the world.

Interest Rates on 'Application.

SAFE DEPOSIT BOXES

This Bank is entirely owned by THE CHASE NATIONAL BANK, New York, with Resources, over U.8 $2,500,000,000.

D. M. BIGGAR,

Manager.

3401

MANILA

TONGKAN

MEDAN

HAMBURG BANKOW HARBIN

NEW YORK PRIPING

Profita

1,776,729.76

Head Office:HONG KONG No. 10, Des Voeux Road, Central.

Stockholm Shanghai....

New York Amsterdam Vienna

21.44) 12.23

(British Wireless Service)

August 2

Paris

178-3/16

Geneva

Berlin

-August. 6 178-25/64 21.39 12.201

Athens

Milan

93 3/16

93 ...

Copenhagen

19.391

Bld

4.90 9/18

9.95 15/16

Prague

1421

4,89-5/16 8.95-7/8

141-13/16

Helsingfor

2261

Bucharest .....................................

670

Hong Kong

1/2 31/32

Bombay

1/5 29/32

Montreal

4.91

Brussels

29.001

Yokohama

Sellers

Buenos Aires

18.8 61

Monte Video

204

Rio

2-27/32

3ilver (Forward)

19-7/16.

19-9/18

-19-5/16 19-7/16

34% 1021.

Silver (Spot) War Loan

ON LONDON:-

Closing Quotations

August 8, 1938.

Telegraphic Transfer... }1/17 Bank Bills, on demand). Crédits, 4 months' sight 1/34.

· ON BHANGRAL!-----

·On demand ............................... 170 nom

ON SINGAPORE:

On demand

is JAPAN:

On demand

*INDIA :—

Telegraphic Trans Bank, ne demand

ON NEW YORK:-

4.91 28.921

70 cts.

Bank Bille, on demand 30 Credits, 80 days! sight (20%

ON BATAVIA-

On demand

ON PARIS:

'Bank Billa, on demand. 1,098

Credits, 4 months' aight 1,160. ON BAIGON :-

109.

On demand

OF MANILA:

On dematid

HK Electrics, 3601.

Cements, $16).

Dairy Farms, ́ $25,20,

Watsons, $7.45.

Constructions, $12.

H.K. Govt. 4% Loan. 51% pm.

H.K. Govt. 31% Loan, 11 pm. SOYBEAN TESTED

Marsmans (HK), 3/3

Consol. Ch. Prov. (Old), $7. Consol. Ch. Prov. (New). $6.80. SELLERS

Providents (Old), $3.60. Providents (New), $31. H.K Realties, $5.85.

China Lights (Old), $11.30. Dairy Farms, $254. Watsons, $7.60.

Consol. Ch. Prov. (Old), $7.202. Consol. Ch. Prov. (New), $7.

SALES

H.K Fire Insurance, $205. H.K. and K. Wharves, $129į. HK. Lands, 4% Deb., $107TH. China Lights (Old), $114./30 Dairy Farms, $25}." Watsons, $7.40%

Vibro Piling. $817.85.

(Prices below in Phil. Currency}

Antamoks FB., 381

Bagulo Gold, 21

Benguet Consol., 11.20

Coco Grov, 41}

Consol. Mines .0045

IXL 65

San Mauricio, 49"

United Paracales, 132

AS MOTOR FUEL

Research into the possibi}}- ties of the use of the soybean for the production of vegetable oil suitable for motor fuel for diesel engines has been in pro- gress for some time past by Mestra. Laver Brothers, Lon- don.

Oll from about 20 different trees and plants was tested as well as. o'ls derived from several animal tallows and fats.

At present the soybean is the |chief export of Manchukuo, some 2,000,000 tons having been export- ed annually between 1930-35 from about

Астев 14,000,000

EIRE GREEN IS

NEW COLOUR · ·

A new colour has been add- ed to the existing list of more than 250 standard colours list- ed by the British Colour Coun- eil. The new emerald shade, which is a vivid......... sparkling colour, is to be known as "Eire Green," and is considered a compliment to the newly con- cluded Anglo-Irish agreement. The work of the British Colour Council is gradually finding wider acceptance among both retailers land manufacturers.

The Council's annual report, which recently has been published, under mentions that on the one hand re-

tail stores are more and more plan The bean grows successfully inning their buying and selling cam- England, and could be grown on a paigns the seasonal colour

cultivation.

OR

large scale in many parts of the cards, while on the other the de British Empire, such as Canada, mänds for special colour services in Australia, New probably, South Africa.

Zealand

OIL WELL AT DALKEITH

and,

Between 360 and 500 gallons of A.K. SHAREBROKERS' on a day are now being produced

ASSOCIATION

BUYERS

Steamboats, $211. Waterboats, $9.

China Lights. (New), $8.

Entertainments; $8.55, Watsons, 17:35.

Antamoks, 81 cts.

BALES

Wharves," $120). --

61

ON BANGIOE:-)

1061

"On demand.

1499

Sovereign Notes

China Lights (Old), '$119.

Bank Buying Rate.....

alive. Der, DE

1/2-1/16

Dairy Farms, #25§.-^

-19-7/18

Land Debentures, 71% prem,

at the Anglo-American Oil Com- pany's experimental well at Dai keith, Midlothian,

connection with colour blending by: manufacturers have justified, an increase in the Connell's sta The Council now has 1,200 mern- bers

BLOCKADE EASED The blockade enforced upon the ports of Tinghai.. Wenchow Tai- chow, Halmen, and Ningpo by the Chinese military authorities has Oll was struck on June 27, when been considerably eased so as to 34, barrels of good quality oil were permit resumption of passenger secured. The well has now yield and freight services with Bhang ed between 40 and 30 barrels of 85 has according to a report from gallons each. The company is that city. working on production test, and

when more is known about the

Company. but well special pumping equipment Anglo-American will be installed.

geological surrey for oil is going Dalkeith is the only place where on in the Midlands, Derbyshire drilling is now being done by the and Yorkshire.

Board of Directors:- Sir Shouses Chow, Chairman Li Koon Chun, Esq. Li Lan Sang, Esq

WongChuson, Esq.. PK. Kwok, Eaq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChanChing Shek, Esq. FungPingWab, Esq.

Kan Tong Po, Esq., Chief. Manager Li Tao Fong Esq., Maosger,

Branchen and Agencies ---

Kowloon

Landes

Bourabays

Bestow

Baigo Bydney

Helbourne dan Fran- Tahoka

DLOY atoria prabay

Prosc Rangoon

Maella

Kloutta Azkra "alphong Jankow

noiatu Paris obe

Cambr

Dew York Beattle

Tobys

Bowsang Vancouver Shanghai Yokobams Fudying Mingapore

"1

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT, OF CHINA ABAN INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL $40,000,000.00 (BRANCHES ALL "OVER "CHINA) Owing to our numerous Branches in China and connections in the principal Commercial Centras of the World, we are able to extend to our Clients special facilities for Domestic and Foreign Banking and Exchange..

די

Head Office: SHANGHAI

Hongkong Branch

KONGMOON TOIBHAN KINGCHOW

4 QUEEN'S ROAD, C; Every description of Banking

South China Offices!! and Exchange business transacted, Loans granted

approved CANTON OD, securities.

SWATOW.. Current Accounts opened in Local

SHIUCHOW Currency and Fixed Deposits re ceived for One year or shorter periods in Local and Foreign Cur rencies on terms which will be quoted on application

Safe Deposit Boxes To Let.

XAN TONG", PO,

Chef 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.

AMERICAN HEIRESS,

HUSBAND

IN NON-SALARIED JOBS

James H. R. Cromwell joined his wife, Doris Duke Cromwell, the world's richest heiress, in non-salaried public service recently as a inember of the New Jersey Commission on Tax Law Revision, The appointment was made by Gov. A. Harry Moore,

Mrs. Cromwell this summer has tree and fair competition for a taken up the duties of a member print and continuous work. OD- of the Control Board of State In-portunity for all." stitutions and Agencies, another He is an advocate of the repeal Moore appointment. Her first task of inheritance taxes, and of a in this capacity, was a tour of general sales tax which would in- health and penal institutions, in-clude a levy on bread and wheat, cluding women's reformatoriés. whisky and cigarettes. Mr. Crom- Mr. Cromwell, whose economic well unsuccessfully aspired to writings have been in circulation the United States tepat seat left since 1939, is a defender of capital-vacant when Mr. Moore became tam, as meaning "an economy of candidate for Governor last year,

1.

"