BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Autherland Capitel., §40,896,106 (mand and Pulty Tald-ups. 10,000,000 Serve Fans --
orting
***
£1.800.00 $10,000.Des
Masarts Liahliliy of Propelstore me. 500,000,000
HEAD OFFICE: HONG KONG,
* OF DIRECTORS:-
Man, Mr. 3. 4. Putsenam. Chairman.
T. & France, Er
Depsi) Ukalepian.
A. A. Plummer, Zeg.
4. M. Campion. Esq. T. 1. 2. Bhaw, Rig-
Hon. Mr. P. H. Bell,
M. T. Johnson. Reg,
0. Miakis, 103.
AMOK
BANGKOK
BATAVIA
KOMBAT
MALOUTTA
CANTON
CHEFOO
COLOMBO
1. P. Warren, Kıq.
V. M. Grayburn, Eng.
Chini Msanger.
BRANCHES —
INDON
LYONE
MATACGA
MANILA
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
£3,000,000 .£3,000,000
Reserve Liability of Pro-
prietors
.£9,000,000
Agencies and Branches:
ALOR STAR
AMRITSAR
KUCHING
UANGXOX DATAVIA
DOMBAY
OALCUTTA DANTON CAWNPORE CEBU COLOMBO DELAI HAIPHONG HAMBURG
MADRAS MANILA
MEDAN
NEW YORK
PETING (Pakinza
PENANG
THE CHINA MAIL..
THE HO HONG BANK, LTD.
(Established 1917)
HEAD OFFICE:--BINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.
Reserve Liabilities
Authorised Capital Straits $20,000,000 Isrued Capital .... Paid-up Capital ...
9,000.000
4,000,000
4,000,000
2,887,000
of Stareholders. Surplus
Branches, Agencies and Carrarpon dents in the principal cities of the world.
Every description of Banking and Exchange business transacted.
TAN ENG HOOT,
Menage
THE NATIONAL CITY BANK OF NEW YORK.
HEAD, OFFICE: 55, Wall Street. NEW YORK.
Capital, Surplus and
Undivided Profits U.S.$225,347,406.11|
Branches in:
NANODOK
HAJOON
HEMARANG
SERENDAN
SHAROKAI
HANKOW
NINOTHE
HARDIN
NITIAWAN
KONG KONG
SOHRABAYA
ILOILO
TAIPING
MUAR (Jokoen)
IPOR
TIENTSIN
KURDEN
RABACHT
TONGKAH Bhuka
ARGENTINE
ELANG
TSINGTAO
BELGIUM
NEW YORK
KOBE
YOKOHAMA
BRAZIL
PEIFING
KUALA KANGSAR ZAN BOASHA
KUALA LUMPUR
CHILE
CHINA
CUBA
DAIBEN
FOOоHOW
RANGOON
GAPHONO
HITMUSO
RAN FRANCJBOO
BANKOW
KARBIN
RONOLES
LLONO
[TON
JOHOR
KOWLOON
KUALA LUMPON
PENANO
BAIOON
ANANGHAI
BINDAPOBL
HOUBABTA
SUNGEI PATANY
TIENTSIN
TOKYO
TRINGTAO
YOKOHAMA
Durrani Andaala opased in Loval Outreaus and Picad Deposits received for one year or shorter periods in Local Curranny and Sterling an meme which will be quoted en appliestion
Hong Kong, 5th April, 1932.
HONG KONG SAVINGS BANK.
The Balmeen of the above Bank la sonduetad by HONG KONG AND BILANGHAI BANK ING CORPORATION. Bu may be obtained on application.
FOR THE HONGKONG AND SHANOMAI BANKING CORPORATION.
V. M. GRAYBORN,
Ohlet Manager.
Hong Kong, 27th February, 1932.
THE BANK OF CANTON, LTD.
Established 1912
Head Office:-Hong Kong.
Awiboriand Úspital (H.A. Currency) --(43,000,000 Eid-Up Capital ----
BRANCHES
Canton, Shaoghal,
8,865,000
Bunkow, Bwalow,
Dangkok, Saw Tork and Ban Francisco,
LONDON BANKERS:-
The Loyd's Bask, Limited,
CORRESPONDENTS
Is all principal siline of the World
Foreign Exokanga and banking busiuum cf
racy seription wasted.
Bal Depoift Box (Tariona vízsa) zi a yeaİJ
zawiad of brom, și 10 $40.
LOOK POONG BHAN,"
Foreign Exchange. and General COLOMBIA Banking business transacted..
LONDON
MEXICO
PANAMA
PERU
PHILIPPINE
ISLANDS
PORTO RICO STRAITS
Irish.
BELFAST
Commerce
Finance
MONDAY, APRIL 18, 1932.
The Soviet agents have already attempted to order another million
and bags of flour, but locally, it has not been possible to accommodate them.. Previously, large quantities of wheat have been exported from; Vladivostok, but now the position is reversed. Recent
LINEN MARKET REPORT
LINEN MARKET FOR FORTNIGHT
ENDING 9TH MARCH, 1932.
messages reveal that approximately 40,000,000 people have been affected in parts of
CHINESE COTTON BUSINESS.
Cotton Yarn Exchange
Russia, through the failure of the REMAIN CLOSED INDEFINITELY. harvest. The districts which are suffering most. are the Urais,
West Siberia, the middle and lower
Due to the Sino-Japanese crisis
Volga basins, Bashkyria, and the the Chinese Cotton business in northern parts of the Caucasus. general remained more or less in a These regions are not entirely state of paralysis until April,. FLAX.
goods emanating from the United devoid of grain supplies, but that when a revival to a certain degree The markets are still States is very disappointing, day to the peasants are suffering from became noticeable according to J. small, and some districts have nowday filling in requirements seem-a shortage, is now well known. Spunt and Co. The cotton mills in finished scutching. Demand has ng to be predominant, rather than The collapse of the harvest has general remained inactive until the improved during the past fortnight forward contracts for bulk, which evidently caused a cessation of cessation of hostilities at which are looked for at this period of the Russian dumping activities-proved time they gradually resumed work- and prices have remained firm.
Courtrai.Supplies are also small year. The cambric and sheer trade by the importing instead.
ex-ing partially and during the past in this market.
lacks support, again owing to the porting, at Vladivostok.--Shanghai week there has been a reversion to Spinners have
full capacity. shown more situation in America, and those Times. interest in the lower qualities, and, who, have not already placed their as a result, prices have advanced. seasonable requirements may find Latvian. The Government cal-it difficult to do so at prices ruling culate that the-crop will amount to recently, owing to the appreciation
Sales circa 8,000 tons.
to date in both the prices of yarns and the totul 4,000 tons, and as 1,000 tons pound sterling.
of
WEEDING OUT RUBBER,
However, their output has not met with any commensurate demand in that the general situation indicates a state of affairs far from a return us yet to normalcy and this condi- Sourabaya, March 26. tion may be ascribed to the uncer- SETTLEMENT at least are required for the Latvian|
Dress, Linens.
Seven rubber estates here are tainty as to the outcome of the URUGUAY
mills, the position seems
Orders and enquiries for dress closing down. Several others are Sino-Japanese VENEZUELA
peace conferences strong. Prices have been sharply linens are numerous, and a fairly substituting other crops for rubber. now in progress coupled with the advanced. Navigation at Riga is substantial amount of business has These steps are due to the re- abnormal functioning of the native of Credits, Travellers' Cheques, Bit being kept open with difficulty. been arranged since last report. Injection of the rubber restriction banks and the consequent stringency of Exchange and Cable Transfers Esthonian.-Demand is brisk, most cases orders are for prompt de- plain.
in the monetarial spheres. bought and sold. Current accounts and prices in all the interior livery, which is difficult to arrange: and Savings Bank accounts opened markets are decidedly higher. Many as stocks of desirable qualities of and Fixed Deposits in local and for-
Current Accounts opened and Fix-, DOMINICAN ed Deposita received for one year or. REPUBLIC shorter periods at rates which will be INDIA ITALY quoted on application.
JAPAN
Commercial and Travellers' Letters
J. STUART,
Manager.
Hong Kong, 41th April, 1932.
NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.
(NETHERLANDS TRADING BOCIETY BANKERS.
"Retabiland 1924.
Hong Kong Office:-11. Queen's Road Central.
Asthorised Capal ....... Guilders 180,000,000- Paid-Up Capital monman Quildera 80,000,000- Besstre Paad Quilder 10,015,000-
Hand Of AMSTERDAM”. Eastern med On :-BATAVIA.
Bandorty". Branche:-Bandjermania,
Bombay, Calouste, Cheriboa, Djember, Djak jakarta". The Hague", Jidánh, Kobe, Makassar. Kadan Palacobang. Paka jos. Pazane. Bangoun Botterdam". Semarang", Shanghal, Sinsapori, Soura bela, Boerakaria (Solo), Tegal, Tiliatiop and Weltevreden".
* Thew offers hava Bala. Daponii Bacon to Lek,
+
LONDON DANKENO !--
NATIONAL PROVINCIAL BANK LTD.
Correspondenta sil over the world. Balking Dud- masa ul ovary doerripkan iransacted.
A. STOKKINK.
Hong Kong, la Ducumber, 1901.
THE
Manager.
Chief Manager AMERICAN EXPRESS COMPANY.
the Bank.
very
eign currencies taken at rates that peasunts are still withholding sup-white and coloured dress linens are may be ascertained on application to plies.
limited. The increased demand is Lithuanian-A fair amount of encouraging, but prices and de We are also able to offer our Cus- business has taken place recently, liveries present obstacles which are tomors the services of the Branches but prices have now been pushed hard to overcome.
of the International Banking, Cor- poration in Spain and also of The beyond spinners' reach. National City Bank of New York (France), S.A., in Paris and Nice. R. M. MCLAY.
Manager.
Hong Kong, March 1, 1932.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO.)
HEAD OFFICE:-Taipeh, Formosa.
Incorporated by' Special Imperial Charter, 1890.
Soviet.-The Russians, having sold at further sharp advances, have now withdrawn us sellers. They report that from now on quantities on offer will be smail.
Yarns,
SHANGHAI SHIPS
586,000 Bags Flour
TO VLADIVOSTOK.
demand. Yarns keep in steady Large contracts have been fixed for!
four montha delivery commencing jahead, but general volume of busi- ness arranged is on a smaller scale,
Shanghai, April 10. owing to spinners' reluctance to add A huge order, which has ap to their already heavy commitments. parently exhausted immediate sup- The chief concern of manufacturers plies of four in Shanghai, was
con-
I.I.D. CERTIFICATES,
The cotton and yarn exchange has not as yet reopened and to all ap- pearances may remain closed for an indefinite period. Nevertheless pur- chases by one of the largest milla: Messrs. A. Goeke & Co., local of about 10,000 bales comprising agents for the Societe Internation- Lingpao, Loyang, Shensi and Tung- ale de Placements, Basle, advise chow cotton may be recorded us that the latest official quotation having been made at pre-crisis in Basle is £2-12-3.
prices during the past week in that such grades of the domestic staple fare essential for mixing with their would have been done had normal supplies of the American cotton times prevailed. No sooner effectual which have since arrived in large peace is restored in the country and quantities.
comes more
as
4 Sino-Japanese reconciliation be While the arrivals of the Ameri- or less an established can fibre, contracted for during the fact a quick return to normalcy in latter part of last year are heavy, business in general and particularly the deliveries of same to the mills in the textile direction may be con- concerned continue to be very slow, fidently looked forward to.
mainly due for the time being, to Since the Sino-Japanese crisis the deficient native banking facilities
Cartest Bank in Forma Bank-Nates und Average amount Y.,000,000 BRANCHES AND AGENCIES: JAPAN:-Tayko, Yokohama, Kobu, Quaks,
is prompt delivery of yarns speci- fulfilled by local millers a week or yarn market has been very quiet to cope financially with these neces- FORMOSA:Gran Kayi, Karenko. Renefied; this applies both to conrse: 80 ago, when agents
of Soviet and prices have descended by about sary stocks of supplies which have Makong, Santo. Shinchiku, Taichu. Tai and fine ends. Taksa, Tamui, Toe, Hello, Tako.
Prices for all grades Russia, working secretary,
Tis. 10.00 per bale when compared accumlated so very largely during CHINA-baughel, Hankow, Amoy. Foodbow, firm at recent advanced limits. tracted
Swatow, Canion,
to buy $86,000 baga of with that current. Immediately be the period of time when it was im- OTHERS-Hong Kong, Singapors, Boershaye,
Weavers.
flour. The shipment is already on fore the crisis. While the stocks are possible to have been received by Semarang, Balai Bombay. London. Se York, Deuren.
There is a steady general trade its way
low the demand is small and which the mills in the same manner as it being concluded every day between that information of the deal has naturally accounts for the weakish (Continued at foot of preceding manufacturers and merchants, and leaked
trend in the yarn trade. out, speculation in some manufacturers' plants are being run quarters is rife as to the signific- The Bank bas Correspondante in all the principat considerable pressure owing to ance of the order. Commercial Contras throughout the world.
Whether this
LONDON BANKERS?
Barclays Bank, Ltd., Lords Bank, Lld,
Midland Hank. Ltd., Westminster Bank, Ltd.
UNCLAIMED TELEGRAMS.
INC.
B. NADURA.
THE BANK OF CHINA.
行銀國中
Manegar.
HONG KONG BRANCH:
Head Office: 66, Broadway, New York.
8. Don Vous Blood Central. Hung Boug. Derember, 94, 101.
Reorganised October 26, 1928, under
Capital
.U.S.$8,000,000
special charter of The National Gov-
Surplus
U.S.$1,572,454
arament as an
Reservat
'INTERNATIONAL EXCHANGE
BANK.
Subscribed Capital
$26,000,000.00
Paid-Up Capital
.$24,710,200.00
Atüylerdars Antwerp Athama
Reserve Funds
Boels .$ 3,820,503.82
HEAD OFFICE: SHANGHAL
HONG KONG BRANCH:
4, Queen's Road Central,
Owing to our numerous branches in China and large connections in the Important commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.
Harlin
Rinrike
Bombay
Bremen
Brussels
Buenos A
U.S.$1,908,209
to Vladivostok and now
the demand for delivery, and the im- exceptionally large order is for use minence of the Easter holidays.) in the areas badly affected by the There, is nothing special in the failure of the Russian harvest, character of the goods ordered, busf- whether portion of it will be con- ness being spread over the cus- signed to the Kamchatka fishery tomary variety of the trade.
areas, which annually order stores Merchants,
from Shanghai, or whether the The demand for housekeeping shipment has another aspect, The following unclaimed tele
is grams are lying at the Eastern Ex-goods, particularly in the Homelnot known.. The fact that Soviet
trade, has been maintained, and troops are massing on tension Telegraph Co.'s office:-
the Man- Vladivostok Dekatangelino, passenger, Ram-some fair sized enquiries are coming churian border near pura, from Shanghai.
through from the Colonies, but the indicates that the flour W. F. Fincher, from Melbourne volume of business in this class of used as war stores.
BRANCHES:-
Nive
Naplas
Patin
ΠΑΟ
Po.
Соров Glasgow, Farsa Hamburg SAVER Inkeriakan Jerumaiatza Lido London Liverpool. Lucarne Ligano
Lexor Marseilles
Claim Calcutts UND Calembo Cantinapis Monis Carlo Oopenhngru Manila Edlaborgh Munich
Florence
Montaux
Milan
Pirate
Taking Palurtor, Hotterden Home Status Shanghai bourbampion Singapor St. Marits Tipalsta
Yleans Fable Yokohama Zuricha
Branches of American Express Com- pany in Principal cities of United States of Americs and Canada.
We also handle the issue of Bonds and other Public Funds of the Chiu me Government both at home and
SHOU J. CHEN, All classes of Commercial Banking
Manager. Transactions undertaken,
abroad.
Hong Kong, 5th March, 1981.
THE YOKOHAMA SPECIE BANK, LIMITED,
Established 1880.
Personal investment acconats handled.
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services Capital (fully paid-up) Yen 100,000,000 of its thoroughly equipped Travel
Department. Reserve Fund
Branches and Agencies at:
Nagaakki
..Yen 117,800,000
Head Office:-TOKOBĄMA.
☺
Alexandria
Batavia
Berin
Bombay
Calcutt
Canton
Changchun
Nagoya Newchwang
New York Osaka Parle
Peiping
Dairen (Dalny) Rangoon
Fenglien (Muiden) Rio de Janeiro
Eiamburg
Hankow
Harbin
Hong Kons
Honolulu
#Koba...
London
Los Angeles
Manila.
San Francisco Seattle
Semarang
Shanghai
Shimonoseld Elngapore Soerabaya Bydney Tientaln
Tokyo Tsingtau
Interest allowed on Current Deposits received for fixed parl izates to be obtained on syplienti
H. HORI
Hong Kong, 11th March, 1988.
E. W. DUGGAN,
Manager.
Mr and Mrs. W. Greenbaum,
Peninsula Hotel, from Iloilo.
Perrins, from Shanghai.
C. C. CLARKE.
Manager Hong Kong, April 14, 1992.
gram
of
The following unclaimed tele the Great Northern Telegrap
is lying at the office
Company (Limited) of Den mark:
Silverlead, from Kobe.
F. V. JENSEN,
Superintendent.
Hong Kong, April 18, 1982,
QUALITY PRINTING With Quick Service
THE NEWSPAPER ENTERPRISE LTD. CHINA MEIL BLOG. BA WYNGHAM ET
THE BANK OF EAST ASIA, LTD.
Established 1918.
HEAD OFFICE:
10, Des Voeux Road Central HONG KONG
Capital and Surplus Tatal Resources
svar Es: 8,008,090.00 OVE ILS30,000,000.00 Every description of Banking and Exchange business ~transacted:~
Current and Fixed Deport - Accounts in local, and for- eign currencies opened for ellazíta, dijelo
Aavings Account and Bate Deposit Boxes; f Branches and Agencias a lovai thal world.
KAN TỔNG PC
Chief Manager.
column.)
MANCHESTER WEEKLY MARKET REPORT
Manchester, March 16. one per cent., making the present Messrs James F. Hutton & Co., rate four per cent.
This news, Ltd., Manufacturers and Exporters though not entirely unexpected, was
received favourably, report as follows:-
and should prove a stimulus to business. Perhaps the chief item of interest
There have been no important may be during the week, has been a fur-price movements in cotton, either ther reduction in the bank rate, of at Liverpool or New York, the un-
A.O.FC. Average of Shanghai Stocks
un
76 14
APALITAT (Vİ STOCKS
群
£15.00
bon
easiness regarding the Swedish financial position being somewhat offset by encouraging German elec- tion figures.
The Census Bureau figures for February, show an improvement, with a consumption of 460,000 bales against 433,000 bales last year, and a total for the last seven months of 3,467,000 bales, compared with 3,283,000 for the same period a year ago.
-There is still apparently little likelihood of any violent movement in prices in the near future, and the chief factor at the moment appears to be the sterling exchange.
Although the week has been some. what quieter so far as actual busi- ness is concerned, there has been a fair amount of enquiry from most markets. While India has been rather quieter on the whole, an en- couraging feature has been the re- ceipt of a number of cables from Bombay offering for light bleaching vloths and other styles, several of which have been arranged. Calcutta has taken some lots of prints and dhooties, while the upcountry out- lete have not been altogether idle. Fancies have received attention from some of the Far Eastern out- lets, but Singapore has been
| interested principally in plain cloths. Demand from Shanghai remains, al-
The market on the Shanghal resumption of operations in the ference shares of T10 at par most negligible, but Hong Knog Stack Exchange has been in a nar-Chinese factories. A good many These preference shares will be has taken one or two lines of staples. row range since fast Wednesday. Concerns are at work again, offer- entitled to a dividend of 7 per While heavy bleaching cloths have ing an outlet for the rank of un-cent. per annum. Fifty thousand been in request for several of the The quietness that characterized employed. As an unfavourable of the cumulative redeemable Tre Near Eastern markets, Egypt has. trading throughout the week, did factor can be considered, the break- ference shares have been offered taken the lighter bleaching, styles. Hot furnish evidences for determin-down of the Shanghai Peace Con- in the first instance to holders of west Africa has been interested ing whether the market is gradual-ference which means the postpone debentures of lasue of January. chiefly in bafts, and plain finishing ly establishing a foundation. The ment of liquidation of pending | 1922. A.0.F.C. average advanced to 21.40 political issues and Introducing the
cloths, but orders have also come April 4, 1932-21.83 to hand on fancies. Trade with
on Saturday last, but receded to elements of uncertainty into the High for 1981-82 21.21. on Taenday
A favourable factor In the Im- mediate financial outlook of Shang
situation.
South America, has shown a decid- Sept. 19, 1981-28,66 ed improvement and although quantities have not been large the April 6, 19322106 outlook is regarded more hope April 12, 1982-21.21 | fully.
The Shanghai Waterworks Co., Low for 1981-82. Ltd., le floating a new issud of haf, is the movement towards the 100,000 cumulative redeemable pre-