1938-09-27 — Page 12

PAGE 12-HONGKONG DALLY PRESS

DAILY SHARE QUOTATIONS Hong Kong Stock Exchange

Kayer) Bellor

*

Nominal

6*7

MONDAY, SEPT. 26.

Banks

Sharebrokers' Association

Waterbosts

15/6 Kailans

$9.70 Raubs ...........

Venezuela Gold Flds.

17 cta Hong Kong Mine.....s

Docks, Wharves, Godowns, ate.

$130 H.K. & K. Whare...

$7.05 Providente (old) $880 Providente (new).................... $191.K. & W. Docka.... $190 Da [IDEW]....... $125 shanghai Docki 8. .......... 13.90 | New Engineerings B.

Lands, Hotels, and Balldings

18.95 H.K. Hotalm 33:4 H.R. Panda... 8. $107 Da 1% Debentures $40 Shanghai Lands B.

fl.K. Bonitis Humphreya y

Chinese Estata

Cotton Mills

$199 | Kwon (8.) konserne

B's Cottons (8.) ..............

Zoong Sings (8.).**** Wing On Textiles (8.)

"Public Utilities

Tramways............

Peak Trams (old)......

Peak Trama (26W).....

Star Ferries in

124) Y'mati Ferries C.B 324

Do, (new)

$11.20 China Lights (old).................

Buyers Ballate Balancenina)

THE EXCHANGE MARKET

MESSRS. ROZA BROS.

Silver prices rose 1/4 over the week-end for both deliveries, the for quotations being 19. 7/16 Ready and 19.-5/16 for Forward. Silver advices' reported the market as, being steady with very little doing. American Silver was quoted at 42 3/4 for Spot. -

The London /New York cross- rate was quoted at 478. New York /London was quoted at 477. 3/4.

MARKET

Was on offer at 1/3 September November and 1/2 31/32 January /February with buyers at 1/5 1/32 Cash /November and '1/3 January. US. DOLLARS Opened with sellers at 29 13/15 September October, ouyers, at 29 15/16 Cash. The closing tone at 1 p.m. was sellers at 23 3/41 September October, buyers at 29 7/8 Cash and 29 13/16 October.

SHANGHAI DOLLARS

Were quoted at 168 sellers at the opening and closed at 1 p.m.with sellers at 170, buyers at 170 3j4.

SHANGHAI MARKET

Early advices indicated seliers of Sterling at. 8. 27/32 and U. S. ș. at 17. 5/8 for Spot, and acout tiffin Interval at 8. 3/4 and 17. 3/8.

THE AFTERNOON

FINANCE

NEW YORK STOCK EXCHANGE

STOCKS

(Through Renter's Service)

QUOTATIONS

Chang 1.ud olf The oft

گان 10.

Businem Dano-siqvou sharou,

TUESDAY, SEPTEMBER 27, 1938

PAYNE & CO.

COMMODITY BROKERS STOCK EXCHANGE BUILDING

HONG KONG

BANKS

HONG KONG AND SHANGHAI BANKING 'CORPORATION

W

Authorised Capital ........$50,000,000 Issued & Fully Paid-Up 20,000,000 Reserve Funds: 401

...£ 3,500,000 H.K. Currency Reserve $10,000,000 || Reserve Liability of

Proprietors

لام

THE CHARTERED BANK OF INDIA AUSTRALIA AND CHINA' Incorporated by Royal Charter, 1855

HEAD OFFICE: LONDON: 38 Bishopsgate E.C.2. Paid-up Capital

$20,000,000 Reserve Fund, .......

Head Office: HONG KONG

Board of Directors.

T. E. Pearce, Esq., ChairmÒA. Hon. Mr. J. J. Paterson,

Deputy Chairmau.

.£3,000,000'

. £3,000,000

Reserve Liability of Pro- prietors.....

1,000,000

MANCHESTER BRANCH: 71. Mosley Street, Manchester.

AGENCIES AND BRANCHES:

ALOR STAR `HONG KONG PESANG AMRITSAR ILOILO, FLYGOOK" BANGKOK IPOR BATAVIA BOMBAY CALOUTTA:

BAIGON

38REKHAN

BHANGHAI

1938

$1,43091,450

H.K. Banka

$1,440

High Low-Dow Jones Averages, 145.87 98.96 $0 Industrials

31.77 19.00 30 Railr 2250, 15.14 30 Utilice 92.70 83.39 40. Bunds

Sept. 23.

134.08

2145

17.83

86.23

Sept. 25, 1938. Hig) Low Dlose 134 93 30.54 133.09 24.49 13.56 235 14.87 17,83 17.53 88.34 unquoted

Do. (Col. Reg3......

ES9

Do. (Loo, Brg)......

BAT

£10

Chartered Banks

£10

Last Bale

STOCKS

Last Sale

Maresatile Bka. “A”

£19

Sept. 23 24

£131 | Maresutils Bka “C”

£13

$88

Bank of East Asia...

$38

Adams Express

93

91

N. G. & B. Banks ............

Insurances

Alleghany Steel Co.

161

161

Greyhound Corpn. 191

Sept. 23 24 261 Great Western Sugar 27

143

Allis Chalmers

442

451

Hecker Products ... ་

01

$298

¥195

Canton Insursboss..............

$510

Ünina. InsuraNGUE VISAI Underwriters

49

LONG

$895.K. Fires

1905

Somewhat uncertain opening. Steady for a while but towards the close at 1 pm. Ụ. S. Dollars were a shade easier.

at

the

Amerada Corps,

DUL

63.

int. Nickel

47

467

Amer. Can

937

pit

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

21

71

Amer. & For, Power

151

15

Kennecott Copper.

38

'Amer. & For. $7 pt.

31

31

Libbey-Owens- Ford

Sterling

Shipping

368) Douglas. ..................

$72

STERLING

Amer, Locomotive

178

17

Glass

473

472

$21

131

Steamboats.getmana

Amer. Metals

131

311

Lockheed Aircraft -

127.

$80

Indo-Chines (Prs.)..........

$80

Amer. Radiator

14

141

Loew's' inc;

47.

121 4

124

Indo-Chinas (Dat.}...

$24

83/14 Shella

M441

$9.15

19.1

Mining

15/6

$9.60

$3

Amer. Rolling Mill... Amer. Smelting ...... Amer, Bugar: R′ing ... Amer. Tel & Tel.... Amer. Tobacco Amer. Waterworks... Anaconda Copper ... Atchison. T. & S. Fe.

· 101

151

Martin, Glen L

19. 181

431..

431

McKesson & Rob 11

201*

21

bina, $3 pf.

317 311

1381

1381

Monsanto Chemical 95. 93

81

811

Montgomery Ward.. 43

43

8+

Nat Dairy Products' 12

12

31

311

Nat. Distillers

221

12

301

301

A.

J. K. Bousfield, Esq.,

Compton, Esq.,

Nat Power & Light, 61

.8

$130

Auburn Motors .....

34

31

Hon. Mr. B. H. Dodwell,

Nat Supply Corpn. 131

131

$8.82)

Baltimore & Ohio ...

52

61

M. T. Johnson, Esq.,

New York Central... 151

151

W. H. Lock, Esq.,'

KARACHI

$6.70

Barber & Co.

171

171

N. America - Aviation

81

G. Miskin, Esq..

41

KLING"

157

15"

3194

Barnsdall Ol

North America Co. 17]

17

E. S. Morrison, Esq.,

TOBE

BINGAPORE.

$19

541

541

Bethlehem Steel

Northern Pacine

01.

.91

Hon. Mr. A. L. Shields,

30

$3.95

Boeing Airplane Co. Borg-Warner

201

21

Pacific Gas & Elec

251

253

D. C. Edmondston, Esq.,

CANTON, CAWNPORE

ון .

XUALA

SALAWAN

LUMPUR

BOURABAYA

314

301

Pacine Lighting

38

36

Acting Chief "Manager.co

KUCHING

TAIPINO

301

31

Briggs Mfacturing. Brooklyn-Manhattar

Packard Motura .............

41

Paramount Pictures

91

91

Branches:

$8 pal

'6

JISL

1v7

Trans............. Brooklyn-Manhattan

$0.90

$10

เลย

$10

The market was quiet in the afternoon.

184

$90

$10

$45

$14.70 415.00

$771

::

924

$12

$18.00

$61

12"

$77

88 15 |7hins Lights (new).............

$21 $11.20 $0.15

8581591

H.K. Electrics.

8591

$17Macao Electrics

STERLING

The market closed with sellers

at 1/3 September November and 1/2 31/32 January /February, buyers at 1/3 1/32 Cash /Novem- ber and 1/3 January."

U.S. DOLLARS

Sellers at 29 3/4 September and ** 11/18 October

/November. buyers at 20 13/18 Cash October and 29 3/4 December.

$8 cum. pf., ******** Canadian Paclic Case. J.I. Chesapeake & Ohio Chrysler Corpn....... Columbla Gas & El. Columbla 6% “A” pf. Commercial Credit. 45) Commonwealth & 5 Commonwealth & 8. 8% cum, pf. ...... Consolidated Edison 241 Consolidated Cl

BI Continental Can¦..... Continental Ou

241*

5)

301

70%

277 283 671

51

68

48

361..

35

40 38)

281

9.36 Sandakan Lights

SHANGHAI DOLLARS

$20)

Telephouse (old)......

$284

| Corn. Products

Curtiss Wright (C) 4 Curtles Wright "A" 193 Distillers Corps. Sea.

66 651

19

10.3 Tricplines (new),..........

$9.68

169 1/2 sellers.

grams ..

134

25/0 Tractions ......

20/0

Douglas Aircraft

A

45,

Tentions (pref.)

Du Pont

Industrial

314

Cald., Macg (Urd) S.

$13

Cakl., Macg. Prat.) 3.

Spot. Spot.

Eagle Picher Lead Elec. Bond & Share $1

1301 01

129

Elec. Bond & Share

| $1,70

Canton ices"...........

317

$4.80 Boper

Cemente

Miscellaneous

jezdív.) $25) Dairy Farina ma

Ch. t'ainmonte.........

$1.30 Constructions (old).....

་

Constructions (BW)..........

18.70 Lane Crawfords.........

Nanyang Tobacco .....

$2,20 Sinceram

$7.90 Watsons

$5 pl...... Elec. Bond & Share

$8. pl.

481

53

G

2311181

$5,95 Vibro Piling ...........

13/9 | Maramans Inv. (Lon.)

3/4

Maramane Inv. (H.K.)

70 eta Wm... Powells

*Sales to Bhanghai

LONDON EXCHANGE RATES

(British Wireless Service)

jex.div. 825

$6.30

>1,40

$9

35

$2.00

18

Cb.G.5% 1925GB

6:1

pm

H.K. Gort. 4% Loa

$106

1pm.

|H.E. Gork. 94% Loana $101

$50

H.K. Wing On..........

300

B'bai Wing On.....

$0.40

75 cta

Elec. Power & Light

・$7 Di.......

281 23

Flintkoter 213 211

Gen. America Trans 46, Gen. Electric

381 39

Gen. Motors

431

43

Gen. Railway Signal 17 17 * Glidden Co.

20

20

Goodrich 35 pf. Goodyear Tire & Co. Great Northern Iron

Ore Great Northern Rly. 17

53

45

25

117

17

* 3**#799* „******* *98** & cæ te

Pennsylvania R.R....

171

177

Amoy

Ipoh

Penaug"

COLOMBO DELHI HAIPHONG

MADRAS

TIENTSIN

MANILA

ТОМСКАЕ

KEDAN

(Bhuket)

Philips Petroleum

374

362

Johore Bangkok

Rangoon

25 <

Batavia

Kobe

Public Service of NJ.

27.

Saigon

374

Bombay

Kowloon San

HAMBURG BANKOW KARBIX

NEW YORK

5+

Pure Ol....

91

9

Calcutta

Radio Corpn. of Am.

61

Canton

Republic Steel ..

18

15

Chefoo

871

Reynold Tobac. "B"

40)

401

Colombo

Lyons

Schenley ........

15

143

Dairen

Malacca

*

Schenley, 5% pfd.

691*

68

Foochow

Manila

11..

241

Sears, Roebuck Shell Union 01 Socony-Vacuum. Oil Southern Pacioc Touthern Rly $5 pfd. Standard Brands ....

571 67

Haiphong Muar

--Patani Swatow

137 17-

132 124

14 143 1:

141

Iloilo

甘

: 62

Stand Gas & Elec.

23

3

271

Standard Oil of NJ.

50%

494

41

Stone & Webster

Swift Internationa: 23 Technicolor

g

8

Texas Corpn.

"... 18 42

287 171

421

137

Texas Gulf Sulphur 351 4120th Cent. Fox

"35

do. $1 pf.

23} 31

234

31 *

Union Carbide &

Carbon ....Tr

771

79

Union Pacific

811*

80

45.

United Aircraft ...... 244

243

United Airlines Trans 71

T

512

United Corpn.

21

21

United Corpn.

$3

cum. pf. ******

вен

261

271

United Gas Corpn.

27

3

433

Un. Gas I'prove't U.S. Rubber pf.

23

92

42

423

18. Steel..

80 .. 82

UA. Rubbe.

541

-54)

Cyandiano

161

161

251

11*

201 202 Warner Bros. Pict.... 54 Westinghouse Elec. 081 Woodward Iron Cor. 174* 28 ⚫ Chase National Ek National City Bank 22}* Call Money mas

**** 1%

• bid.

51

98

17.

284*

Paid-up Capital .........

5,598,600.00

221* 1%

Reserve and Undivided

Profits

$776,728.76

* ez div.

Kuala Francisco Lumpur Shanghai London Singapore Sourabaya Sungei

Hamburg (Johore). Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao,

Yokohama Hongkes Peiping

Current Accounts opened in Local Currency and Fixed Deposits received for one year or shorter periods in "Local and other Cur rencles on terms which will be quoted on application.

Also up to date. Safe Deposit Boxes in various sizes To" Let.

Hong Kong, 24th August, 1938.

'HONG KONG SAVINGS BANK

PEIPINO

(Peking)

TSINGTAO YOKOHAMA

FOREIGN EXCHANOE and General Banking Business transacted.

CURRENT ACCOUNTS opened and FIXED DEPOSIT 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 Agencies and Branches.

R. A. CAMIDGE,

Manager.

THE CHASE BANK

15, QUEEN'S ROAD CENTRAL

The Business of the above Bank is conducted by the HONG KONG & SHANGHAI BANKING COR- PORATION. Rules may be obAn tained on application.

For the Hose KONG & SHANGHAI BANKING CORPORATION,

D. C. Edmondston, Acting Chief Monager. Hong Kong, 2nd May, 1938.

BANK OF EAST ASIA.

LIMITED.

Authorised Capital ....$10,000,000,00

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 BANK, New York, with Resources over C.S: $2,800,000,000.

D. M. BIGGAR,

Manager.

Paris

Geneva

Berlin

Athens

Milan

Copenhagen Stockholm Shanghal New York

Amsterdam Vienna

Prague....

Helsingfors

Bucharest.

+ Hong Kong

Bombay!

Montreal

Prussels Yokohama

Buenos Aires

Belgrade

Monte Video.

Rio

Silver (Forward)

Silver (Spot)

War Loan DAGO

ON LONDON:-

Sept. 22

178-17/32

21.26

12.05

51-9/16

4.81-7/16. 8.92

Sept. 21

173-3/8

21.28-1/2

12.08

91-3/8

19.40

83d

4.82-5/16 8.92-3/16

140 226-3/4 670

139

1/2 31/32

1-5d. 29/32

4.84-5/8

23.59-1/2

4.83 28.561

213.

19.013 20

19.02.

2-15/10 19-1/2

191

10-174

21% 1001

Closing Quotations

September 20, 1939.

Telegraphie Transfer...1/2 Bank Bills, on demand')" Credits, 4 months' sight: 1/3)

ON SHANGHAI:

On demand i..

JE SINGAPORE

On demand

SHAN

On demand

grapaio Transfer..

iss non.

$150 8174 $4.80

19-5/16 34% 99-7/16

ON NEW YORK:~

Bank Billa, on demand 29-9/16 Credita, 90 days' nighh 30-1/16

66-3/16

• IN BATAVIA :---

Jn demand .........

IN PARIS-

SHANGHAI MARKET Sterling, 8.25/32 sellers for U.S.$. 17 7/16 sellers for

THE NATIONAL DEBT

Increase Of Nearly

£229,000,000

The National” ̈ Dedt totalled €8.026.143,422 at March 31 last, an increase of £228,913, 878 over the preceding year. A White Paper which gives details of transactions relating to the Debt shows that, if capital Hlabilities in respect of sums bor- rowed under various Acts (£122. 841,203) are Included in the

Debt. National

the aggregate liabilities of the State are £8. 148.984.625. an increase of £239. 122.361 compared with year before...

a

The total deadweight debt (National Debt in March, 1914, was £649.770,091, and the aggre- gate Hlabllitles of the £700.154.110.

State

FLOATING DEBT During the year the Internal Agating debt was Increased by £143,625,000 to £841,755,000. and other internal debt by £85 078. 342 to £2,774,604.850. External debt fell by £90,211 to £1,032, 472 879,

Goodrich (B.F.)

WALL STREET TAKES STOCK

Watches Tension In Europe

Shanghal, Sept. 26 In view of the

relentless move towards war in Europe. Wall Street financial circles are anxiously studying the possible effect on which su h a war may exercise Ainerlcan economy. and comparing cautiously the present busi- ness and financial situation with WILE

1914, according to New York dispatch. Consensus of opinion is how- ever

that the United States ts better equipped and prepared economically than in 1914. It Is stated that:-

Hability

ย

The estimated capital of terminable annuities £12,530.750. Funded debt total- led £3,364.770.943, a reduction of

£113 665. Assets of the State: which admit of being calculated (not including assets arising out of the Great War, kuch as loans to Allies and. Dominions) are

war general European £669,138,477. Interest and man“

Immediate shock agement of the National Debt would be an

and £216.233.248 of to the inancial

business cost a total of

world. which *£ 10 550.000 was interest on ( savings certificates, £3,818.159 Interest on Treasury Bills, and, £201:081.889 other interest.

1 A

2. Adequate machinery in the United States now exists for swift and effective handling of every financial crisis which is likely to arise and, furthermore, the im- pact and shock would at least |partially be softened by the' anti- cipation of conditions, which did not exist in 1914.

3

H. K. STOCK EXCHANGE

ཡ- YESTERDAY'S

OFFICIAL

QUOTATIONS

The market opened on the quiet side and remained so during the day. No changes of any importance were recorded,

JUXERS

Hongkong Bank, #1430. Union Insurance, 35074..

H. K. Tramways, $16.70. Peak Trams (Old), $83, Hongkong Electrics, $584.

SELLERS

Hongkong Bang, $1450,

Hongkong Tramways, $1890. Hongkong Electrics, $591. Telephones (Qld), $264.

SALES

Star Ferries, $771,

Hongkong Govt. 34 per cent Loan,

1 per cent pm.

(Prices below in Phil. Currency)

Antamoks Pa., 33 Bagulo, Gold, 24 Benguet Consol.,, 11.50

·Coco Gröve, 41†

·Consolidated Mines., „004 Demonstrations, - 27i

1. X. L, 84. San Mauricio, 73 United Paracales, 221

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

Board of Directors:

Sir Shouson Chow, Chairman Li Koon Chun, Esq. Li Lan Sung, Eaq... P. K. Kwok, Esq., Wong Chuson, Esq. Wong Yun Tong, Eaq. Kar Ying Po, Esq. ChanChingSlick, Esq. FungPingWah Esq.

Kan Tong Po, Esq., Chief Manager. "Li Tae Fong, Eng., Manager:

Bruncker and Agencies:

Helbourne

PHILLng Bourbage

Bwatc Bangoon Baigor Bydany San Fran Tainoka,

also Tintels Beattle, Tokyo.

Vindsvar Yokohama

AMOY

Kowloon

ar Bombay

London

Manis

lett

Canton

alphans

New York

Bankow

Bemarang

Honeinla Parit

Shanghai

Kobe

Pelping singapore

Every description of Banking and Exchange business transacted; Loana granted

securities.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT

́OF CHINA"AS AN ́ ̧ INTERNATIONAL EXCHANGE

BANK PAID-UP CAPITAL 840,000,000.00 (BRANCHER ALLOVER 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: BHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. "South China Offices:

KONGMOON TOISHAN KINGCHOW

on approved CANTON

SWATOW Current Accounts opened in Local SHIUCHOW Currency and Fixed Deposits re We also handle the issue of ceived for one year or shorter Bonds and other Public Funds of periods in Local and Foreign Cur- the Chinese Government both at rencies on terms which will be Home and Abroad. quoted on application

Safe Deposit Boxes To Let

KAN TONG FO,..

Chief Manager.

CHEKIANG COAST TENSION

SHIPPING REMAINS

SHOU J. CHEN

Manager.

DYKES COMPLETED ON YELLOW RIVER Construction of dykes along the Yellow River measuring 829,884.66- square metres has inst been com- pleted," according to a message.

NORMAL

Hankow, Sept. 26. from Chengchow,

Workers, who have, been used to Despite the tension along the east Cheklang coast arising from doing such work without any re- Japanese naval activities, shipping Huneration, were jubilant when normal between Shanghai they received a sum of over $200,000 Wenchow and Talchow, according from the Chinese Government to

be divided amongst them. ona, Bhanghái, massage, -

13

CHINESE LOAN ·

REPORT

Shanghai, Sept. 26. According to banking circles here, the Chinese. financial mis-. American business - and agri- sion, headed by Mr. K. P. Chen, culture, would not receive an im- which has arrived in the United |mediate setback,, while they could States by Clipper is likely to sue not, profit as between 1916 and reed in securing a loan of $50,000, 1918 because of the great defence the United States may be drag-ties in east Cheklang are taking Japanese warabin and the Chinese 000. Part of the loan will be in preparations the depreciated ged into the confict; when strict precautions and may close shore batteries at Chenhal. It wheat, but the major part will be credit status of major European' widespread disorganisation of the the harbours when necessary. lasted for about an hour, resulting ti'cash. What collateral is quer nations, neutrality laws and the economic system will be seen On Saturday morning, a gun in little damage on both sides.—

Johnson Act. Some fear that International.

duck- took place - between Central News.

Bank Bille, on demand 1,09 Credita, 4 months' áight 1,180

SALOON:-

demand AJANTEA

190

$1-8

AMA

1405

* Notes

Buying Rat

18-1/16 19.7/19

ed is not known-International..

demand" NOKOK

The Chinese, military author.