1938-08-23 — Page 12

52071

Branches:-

£98

£13

$98

368

Bank of East Asia ....

N. C. & B. Banks ........... Insurances

13

PAGE 12-HONG KONG DAILY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock"

Exchange

Sharebrokers'

Association

Boraina!

Players

Seller Sales

Namini

MONDAY. AUGUST 22.

Dayere

Balen Soltere

Banks

H.K. Bańka ternaka

Do. (London).

Chartered Banks....

£131 Mercmatile Bks "C"

63,445

E19

£28

Marcantile Bя "A**

$1,440

BHJ

THE EXCHANGE MARKET

MESSES. ROZA BROS.

Silver prices dropped 1/18 över the week-end for both deliveries, the quotations being 19 5/16 for Ready and 10 3/16 for Forward. Silver advices reported the market aš be- ing steady. Indla bought to n small extent. Speculators sold. American Silver was quoted at 43 3/4 for Spot.

CTOSS-

The London-New York rate was quoted at 487.93. *New York-London was quoted at 488.

FINANCE

NEW YORK STOCK EXCHANGE

1938

(Through Reuter's Service)

QUOTATIONS

Aug. 21, 1939,

High Low Dow Jones Averages, Aug. 19. Bigh Low Close (45.67 88.00 30 Industrials

$9.77 19.00 90 Baile

$2.55 15.14.90 Üsilition

9.70 83.39 40 Bonds

58.00 43.09 11 Commodity Index 47.91

Business Done:-250,000 shares.

Upang

✓

141.13

28.31 £8.56 28.38 - £245 19.75 18.0 19.7% 19.79

141.88 140.95 141,20

.07 ap

.14 up

104 up

83.98

88.91 ,07 ok anquoted

I.

'

STOCKS

Last Bale

STUCKS

Last Sale

Adams Express

Aug. 19. 20.

11+

Aug. 19. 20. Great Western Sugar 261 111"

201

Alleghany Steel Co. 17) Allis Chalmers

18

Greyhound

Corpn.

171

17

בי

1235

Canton InxtraDOMS................

MARKET

$606

Amez, Can...

491 100

491

Hecker Products

71

7

100.

Int. Nickel ...

40491

#605

Union Insuranc9d'..................

Quiet.

32

Üzdar ritet

3210

180

1.K. Firma ****

Shipping

Douglases da

$2"Sisambonis .

$80 Indo-Chinas (Prof.).

Indo-Chinas (Def.)...

$73

$33

201

STERLING

There were sellers at 1/3 Aug.- Nov. and 1/2 31/32, Jan.-Feb., buy- ers at 1/3 1/32 Cash-Nov. and 1/3 Jan-Feb.

31

Amer. & For. $7 pf. 191

Amer. Locomotive... 201 Amer: Metals...

Amer. Radiator ......

342

Amer.For. Power

$8.86 3371

6.85/90

$38

$120 Bhanghai Docks ..... $390 New Engineerings 8.

| Lands, Hotals, and Belldings

H.K. Hotel ................ xdir, H.K. Lande8. $107 Do: 4% Debentures

8.40 Shanghai Lands S. HK. Realties.

$0.35 Humphreya .........................

HIVO Chine Estates

Cotton Mils

99/41 Shells

18.10

.;

Waterboats....

Mining

18/9

Kailana

310.10) Rauba......

#3

Venezuela Gold Fids.

7ets

Hong Kong Mines.......

Docks. WharTOR,

Godowas, etc.

$128

83.60

$3.85

H.K. & S. Waarise... Provident (old)..

$1284

$9.02

834

$3.85 132005

Providenta (new).......

$3.57+ $20.65

$19.6)

H.K. & W. Dooka....

Do

(new)..

+9197 #128

14

89/44

$9.10

16/0

#10.

$3.

U.S. DOLLARS Sellers at 30 1/2 Aug.-Oct, and 30 7/16 November/January, buyers at 30 916 Cash/October 30 1/2 Nov.-Jan.

15 Amer. Rolling Mill.... 181 Amer. Smelting

Amer. Sugar Ring... Amer. Tel & Tel... 141

47 24

and

SHANGHAI DOLLARS

$8.90

36.90

$37 oz.div.

$107

STERLING

$11.35 38.10

$24

Tramways...

Peak Trama (old)......

Peak Trams (now)..................

Ferries...

si Ferries C.R.S

Do. (DOW)

China Lights (old)......$11.35

China Lights (new)......

81 H.K. Blectrics ..........................

$9.30

非

$19

$18.80 Ewos (5.)

#87

196

B'bai Cotton (8.)

$24

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

$42

Public Utilities

Wing On Textiles (8.)

$42

117.10

$17.30

*43

$3

$78

· #78′

#35}

$84

$18

Macao Electrics ................

192

$20.50

*8/3

Industrials

$14

Cald, Macg (Ord) S.

$13

Cald., Mac. (Prod.) 8.

$1.70 Canton Ice

$17.35

$17.40

$7.20

$7.30

.

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

971

#7.10

17.00

#7.30

$261

325

#61

$8.55

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

Telephones (old).........

$9.60 Telephones (new).... 26/3 Tractions

Tractions (pref.)

$611

$28.80 $9.00

·24/0

$1.80

Cements

$4.90 Eupes

Consolidated

::

China Prov. (DSW)...-.-

Miscellaneous

Dairy Farm anim

1251

178 1/2 sellers at the close. SHANGHAI MARKET Sterling opened with sellers at 8.13/32 and closed with sellers at 8.3/8. U.S.$ opened with sellers at 17.3/32 and closed with sellers at 17.11.32.

IN THE AFTERNOON The market continued quiet, in Brooblyn-Manhattan the afternoon,

at 1/3

The market closed with sellers at 1/3 Aug.-Nov. and 1/2 31/32 Jan.-Feb.. buyers" Cash-November and 1/3 Jan.-Feb U.S., DOLLARS

The market closed with sellers

at 30 1/2 Aug-Oct. and 30 7/18 Nov.-Jan, buyers at 30 9/16 Cash Oct. and 30 1/2 Nov.-Jan.

SHANGHAI MARKET Sellers 178.

SHANGHAI DOLLARS Sterling closed with sellers at 8.13/32 1.8.3. closed with sellers at 17.3./32.

H. K. STOCK EXCHANGE

YESTERDAY'S

OFFICIAL QUOTATIONS

The market was buoyant; prices improving with an all round" in-

creased enquiry.

BUYERS

se cum. pf...... Canadian Pacifc.... Case. JI

Chesapeake & Ohio 305 Chrysler Corpn. Columbia Gas & El

.6

Columbla 6% “A” pl. Słị Commercial Credit... 47}

Amer. Tobacco Amer. Waterworks. Ahaconda Copper Atchison, T. & 8. Ft. Auburn Motors Baltimore & Ohla... Barber & Co. Barnsdali Ol.... Bethlehem Steel..

85

101

341

361 4

201

1B

Boeing Airplane Co. Borg-Warner Briggs Mfacturing..

561 26

321

334.

10%

Trans,

Brooklyn-Manhattan

32

62

91

1/32

721.

Commonwealth & S. Commonwealth & 8. 6% cum pf...... Consolidated. Edison Consolidated Cl Continental Can .... Continental Of

11"

351 28

91

44

331

Com Products Curtiss Wright (C)

€9)

23

Curtiss-Wright "A" Distillers Corpo. Sea-'

15

grams

Douglas Aircraft Du Pont

48

13041 1311

Eagle Picher Lead Bec. Bond & Share

101

71

Elec. Bond & Share

48

*

$5 pi.......

Elec. Band & Share

$6 pt.

55

Elec. Power & Light

修

57 pt.

301

Flintkote

227

Gen. America Trans

47

Th

[Ch. Etainments ........

$1.90 Constructions (old)....... $1.50

Constructions (new)..........)

$8.70 Lane Crawfords.........

HK. Bank (Lon.). £85. Union Insurance, $505, HK. Fire. Ins.. $210.

Gen. Electric

421

Gen. Motors

471

Gen. Railway: Signal

21

Nanyang Tabscoo

$2.20 Sinceres

Watsons

$8.06

71%

Ch.G.5% 1925G.3Bds.

71%

Providents (New), $3.55.

H.K. Govt. 4% Losas | $100) |

R. and S. Hotels, $7.

H.K. Govt. 31% Loans

$101

$50

H.K. Wing On

$50

H.K. Lands, $37.

B'hai Wang On.... 14

HK. Realties, $5.85.

$6.40

HK Tramways, $17.20.

!

170 ot

Glidden Co ****

231

Goodrich (B.F)

581

121 121

ཝཀྰཙྪཤྣཧྲྰིནཱབྷོཏྟཱབྷོབྷོཏཾཐཱདྷབྷུནྡྷནྡྷ ཎྜཾ བྷིཝཎྞཾཎྞཝཝནྡྷནཱཀྐ ནཱནྣཱ#ནཱབྷཙྪཾཨསྶ བྷིདྡྷིབྷཱབྷཱ བྷྱཿiaཨྰཿཎྞཱ ནཱ

int. Tel & Tel........

Kennecott Copper... 411

82.

81

"Essued & Fully Paid-Up $90,000,000

Reserve Funds:

401

Sterling

£8,500,000

Libbey-Owens- Ford

Glass

19

+91

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

Proprietors

...$90,000,000

Lockheed Aircraft ...

143

141*

Loew's Inc. .......

477

47

Head Office:-HONG KONG

Martin, Glen L McKesson &

231

231

Rob-

bins, $3 pf. ... -341

341*

T. E. Pearce, Esq., Chairman.

Monsanto Chemical 937 Montgomery Ward 461 Nat Dairy Products-133 Nat. Distillers

921*

Hon Mr. J. J. Paterson,

461

༔་

Deputy Chairman,

14

J. K. Bousfeld, Esq.,

24

24

A. H. Compton, Esq.,

Nat Power & Light 61

*

Hon. Mr. S. H., Dodwell,

TUESDAY, AUGUST 23, 1938.

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF INDIA,

BANKING CORPORATION

Authorised Capital $50,000,000

Board of Directors.

AUSTRALIA AND CHINA. Incorporated by Royal Charter, 1855

HEAD OFFICE: LONDON:

38. Bishopsgate E.C.2. Paid-up Capital.....£3,000,000 Reserve Fund Reserve Liability of Pro-

Brietors

.£3,000,000

£3,000,000

MANCHESTER BRANCH:

71. Mosley Street, Manchester.

AGENCIES AND BEANCHES:

HONG KONG PENANG ILOILO

ALOK STAN AMRITEAR

(POR

RANGOON

ДАМОКОК

BAIGON

BATAVIA

KARACHI

SEREMBAN

Nat. Supply Corpn. 177

178

M. T. Johnson, Esq.,

New York Central... 181

J. R. Masso, Esq.,

ΒΟΜΒΑΣ

KLANO

SHANGHAI

187

ROBE

G. Miskin, Esq.,

N., America Aviation

91

91

KUALA

K. S. Morrison, Esq.,

North America Co.

201

201

Northern Pacine ...

124

12+

Pacific Gas & Elec

27

2711

Hon. Mr. A. L. Shields, D. C. Edmondston, Esq.,

-Acting Chief Manager.

Pacific Lighting

Packard Moters

33

DELHI "HAIPHONG

CALCUTTA CANTON CAWAPORE CKBU COLOMBO

LUMPUR KUCHING,

· MADRAS.

MANILA

TAIPING

BINDAPORL

SITIAWAN

KOURABAYA

5

HAMBURG

Paramount Pictures

9

Pennsylvania FR.

201

201

Amog

Ipoh

Phillips Petroleum ..

401

10

Bangkok

Johore

HANKOW HARBIN

TIENTGIN

TONGKAR

MEDAN

(Bbuket)

NEW YORK

TSINGTAQ

PEIPINO

YOKOHAMA

(Peking)

Batavia

Kcbe

Public Service of NJ.

293

291

Bombay

Pure Ol...

102

107

Calcutta

Kowloon

Kuala

Radio Corpn. of Am.

7

Canton

Republic Stee!

18

181

Chefoo

Reynold Tobac. "g" 42

414

Colombe

Schenley

18

18

Dairen

Schenley, 51% pid...

74

744*

Foochow

Sears Roebuck

73

721

Haiphong Muar

Hamburg

Shell Union OI!....

16

181

Hankow

Socóny-Vacuum Of

141

142

Harbin

New York Tsingtao

Southern Pacific"...

184

181

Hongkew

Peiping

Tokyo

Yokohama

Southern Rly $5 pid.

18

18.

Iloilo

५

Standard 'Brands

73"

71

Stand Gas & Fec.

31 *

33*

Current

ima

Standard Oil of N.J.

54'

541

Stone & Webster

91

91*

Swift International 261

261*

Technicolor

227

23

Texas Gulf Bulphur

35

35

20th Cent. Fox. Filma.

241

243

do. Films pl...

021*

321*

Union

Carbide

*9

Carbon

82+ 82}

Union Pacific .........

89 83* United Aircraft 274- United Airlines Trans

271

9

81

United Corpn.

21

.21

United Corpn.

513

cum. pl......

311

31

United Gas - Corpn.

33

.37

Un. Gas Tprovem't 10

101

US, Rubbɛ: "........................

451

451

U.S. Rubber.. pt. ............

861

87

U.5. Steel

58)

59

Vanadium

181

187

241 241 Warner Bros. Pict....

8

6

Westinghouse Elec. 102)

103.

Woodward Iron Cor. 19

181*

Chase National. Ek "31 * *

National City Bank. 25 *

| Call. Money

$8.10

$6.85 Vibro Piling

12/6 Maramani Inv. (Lon.)

Karsmans Lay. (HK)

70 ota Wa. "Powells

*Saier to Shanghai -

LONDON. EXCHANGE RATES

Union Waterboats, $9.10. HK. and K. Wharves, $128. Providents (Old), $3.85.

Peak Trams (Old), $6. China Lights (Old), $11.60. China Lights (New), 38.30. Telephones (Old), $26.20.

Telephones (New); $9.65.

Cementą, $17.60.

1

21

Dairy Farms, $257. Watsons, $8.10.

#

HK. Govt. 4, Loan, 53% pm. HK. Govt. 14% Loan. 11% pm. Consol. Ch. Prov. (Old), $7.20. Consol. Ch. Prov. (Old), $7.

SELLERS

H. and S. Hotels, $7.15. HK. Tramways, $17.30.

SALES

H.K. and K. Wharves, $129. H. and S. Hotels. $6.90/7.10. HK. Tramways, $17.20. Telephones, (Old), $27.-

(British Wireless Service)

August 18

Parts

178-55/64

Geneva

Berith

21.281

12.18

Aug. 20. 178-29/32 21.29 12.17

Athens

Milan,

923

923

Copenhagen

נו

Stockholm

Shanghal

18.73 Bad

New York Amsterdam Vienna Prague Helsingfors

4.87-15/16

4.88

8.912

8.921

1411

1414

Telephones (New); $9.65.

Cements, $17.55/60.

2261

Bucharest

670

(Prices below in Phil. Currency)

Hong Kong

1/2 31/32

Antamoks Ps.. 381.

Bombay .....tirerapen inte

1/5-29/32d

Montreal

4.891

Prussels

23.991

4.80 28.961

Yokohama

Bellers

Buenos Aires

Monté Video

Rio

Silver (Forward)

Silver (Bpot) War Loan

"

18.871 20.

2-27/32

194

191

31% 1023

Dr LONDON!-

Closing Quotations

August 28, 1929.

Telegraphic Transfer... Bank Bills, on demand

ON NEW YOIF:-

On Batavia:

19-3/16 19-5/16 31% 1021

Bank Bills, on demand 1,095 Credits, 4 months' night 1,180

Atoks, 331 Bagulo Gold, 214. Coco Grove. .45. Consol. Mines, .004. Demonstrations, 28). 8an Mauricio 55. Buyoc Consol., 17. United. Paracales.. 32.

AK SHAREBROKERS' ASSOCIATION *BUYERS

Wharves, $1231. Providents (Old), 3.65. Providents (New), $3.55. Docks (Old), $20.75. Docks (New), 319.60. Hotels, $10.

Bank Bille on demand : 201 Credits, 60 days' aight 201

On demand

664

Credits, 4 months" 'sight © 1/3)

ON PARIM:

ON SHANGHAI --

On demand

170 nom,

Lands, $37.75.

ON SAIGON:

Realtles, $5.80.

UN BINGAPORE:— “

1.

On demand

103

Trams, $17.15,

On decaand

Kak

ON MANILA:

Peak Trams, $6.75..

IN JAPAN:-

On démand

B01

Lights (Old), $11.50.

ON BANGXO:--

On demand

100+

On demand...

1496

COLEDIAN

Sovereign Notes -

Telegraphic Transfer Sauk e demand

Bank: Buying Rate....

1/8-1/16

19-8/16

Lights (New), 18.40. Telephones (New), Cements, $17.55. Dairies, $25,50. Entertainments, $8.55,

Goodrich $5 pf.

281 Goodyear Tire & Co. Great Northern Iron

Ore

Great Northern Rly. 211

Philippine

Mining News

Mining PHILIPPINE - NIPPON Company. Inc., shipped a total of 6.090 tons of manganese ores to Japan during the month of July from its property in Palawan Larger shipments could be made but due to lack of space on boats, the Philippine-Nippon Arm could not ship more ores, it was declared.

#

+ ex. div.

311* 251* 1% 1%

bid.

WEAKNESS OF THE FRANC

"An Unjustified

Campaign"

The frane was again weak on August 12 and a frankly pes- simistic spirit prevalled on the Paris Bourse, in spite of a fair ly cheerful declaration made by M, Marchandeau, the Minis- ter of Finance.

sac-

Penang Rangoon Saigon 8ah

Francisco

• Lumpur Shanghai London Singapore Lyona Sourabaya Malacca Sungei Manila

Patani Swatow (Johore) Tientsin Mukden

Accounts opened

}

Local Currency and Fixed Deposits received for one year or shorter periods in Local and, ather Cur- rencies 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.

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 HosG KONG & SHANGRAI BANKING CORPORATION.

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 5,508,600.00 Reserve and Undivided

-Profits

2,776,798,76

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

Board of Directors:-

Sir Bhonson Chow, ChairmaKOJ Li Koon Chan, Esq. Li Lan Sang, Esq. P. K. Kwok, Esq. WongChason, Esq. Wong You Tong, Esq. Kan Ying Po, Esq. ChanChingShek, Esq. FungPing Wa. E

Kan Tong Po, Esq., Chief Manager.. Li Tse Fong, Enq., Maunger."

Brancher and Agencies—-—

Boarabaya BWLLOW

Apoy Batavi Bombay

Kowloon

Penang

Londoa

Bangoon

Balon

Bydway...

Chouita

Melbourne Sa Fran-

Talhoka

Canton

Halphot

Hackow Hooviala

Xaraks

daco New York Beattie Otaka

Kot

.... Bemang

Stanghal Park Polping Singapore

Tents' Takru Vancouver Yokohama

The weakness of sterling in re- Goldlation to the dollar led to further AGNO CONSOLIDATED Dredging Co., Inc., has at present selling of francs, and, though the negotiations with the American French Equalization Fund

Every description of Banking Smelting. Company in the Unitedceeded in raising the Faris rate on" States for the latter firm to make London to 178.89 as compared with and Exchange business transacted. granted оп approved inspection of the placer property 178.90 the previous day, the un- Loans of Agno Consolidated along the derlying trend was weak and the securities.

Current Accounts opened in Local Fund lost a good deal of foreign Currency and Fixed Deposits re Agao river in Pangasinan.

Two American engineers are now exchange. The franc on New York ceived for one year or shorter working on a property near Agno fell from 36.63 to 36.72, and the periods in Local and Foreign Our terms which will be Consolidated drilling holes. One discount on three months' francs rencies on

over quoted on application. of them, R. J. Edmonds, is a direct in terms of sterling rose to

Safe Deposit Boxes To Let representative of the Americansix francs, against around 4:50 Smelting, while the other. G. R. francs Plumb, contacted the firm for the property

Watsons, $8.05.

Prov. Consolidated (Old), $7.30. SELLERS Wharves, $130.00. Tamă, $17.456..

SALES Providents (Old), $3.65. Providents (New), 33.55.: Docks (Old), $21.00. Docks (New), $19.80. Hotels, $7.00/7.10. Lands, $38.00 X Div. Trama, $17.15/20;

Electrica $61 26 Telephones (New); 59.65. Cements. $17.55,

Prov, Consolidated (Old), $7,30,

In a statement published by the newspaper Epoch M. Marchandeau denied absolutely the report that seems to have gained currency in London that the French Govern ment were thinking of introducing foreign exchange control'

The present campaign of disparagement against the French financial situatiän was quite unjustified, be added. All the Government's obligations and they had been heavy d been met. The financial post- tion was better than it had been for years.

He did not claim that all was for the best in the best of all possible

worlds, but he did not think crities were doing any good by repeating that the Government could have done better, There could be nic

Liga

FOREIGN EXCHANGE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for One Year or shorter periods at rates which will be quoted on application. in The Bank's Head Office 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.

D. J. GILMORE

Acting Manager.

THE CHASE BANK

18, QUEEN'S ROAD GENTHAL

HEAD OFFICE:

18, PINE STREET,

NEW YORK.

An American Bank offering poto- 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 BANK, NEW YORK, with Resources Over US $2,500,000,000.

D.-M. BIGGAR,

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 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, C. South China Offices:

CANTON SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGCHOW

We also handle the issue of Bonds and other Publio Funds of the Chinese Government both- at Home and Abroad.

SHOU J. CHEN,

Manager.

paid very special attention to' there Industrial prices, and was no doubt, that its activities had had a useful effect. Since January 1 all requests for authority to raise prices had been turned down,

KANTONG PO,

Chief Manager.

There could be no return of con- fidence. M. Patenotre added, if monetary manipulation prices were not stable. At the further without the gravest consequences moment French prices were well below foreign prices. It was to be "HEALTHY" PRICE FALL M. Patenotre, Minister for Na-hoped that that disparity would be tional Economy, in a statement maintained, thereby reversing the issued to the Press, sought to ex-conditions that had prevailed be- plain the underlying causes for tween 1931 and 1937

the recent fall. In the level of It was to be expected that retail" prices would follow the movement French wholesale prices.

In the first place, he said, it had of wholesale prices, with due al- to be borne in mind that the pre-lowance for the necessary time lag. vious rise, particularly in the prices As a matter of fact, the retail of foodstuffs, had been somewhat price index for July was eight overdone, and that to that extent points below that at June. th the movement was in the nature In spite of all the problems that had still to be solved there was of a healthy reaction to

Another important factor was the pressure exercised by the National Committee Prices. The Committee

every reason to view the future of France with conadence. All the essential conditions for an econo had ́ ́mic revival were present.

or