BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Kalbacion Capital
Imed and Fully Paldymo 30,000,000 Kasares. Puuda —
Seriling
#FOODBLR.000.00
Manures Liability of Propelalar» mar €36,900,100 UKAD OFFICE: HONG KONG.
·BAGAD OF DIRECTORS |--
15on. Mr. J.J. Primore.
Chairman.
Z. B. Pearce, Ise Dopsky Uhalemag.
HM MỸ. W. H. Hall, J. A. Plummer, Esq
4. M. Bempton, Laq
M. T.Johnspa, K14.
D. Miskia, Béq
T., H. 3. Shaw, Xaq
J. P. War, Bog.
V.'M. Graybus, Haq.
Cilat Manager.
BALNOKKO:~
LONDON
LYONE
MALACOA
IMOF
RANGKOK
MATATIA BOMBAY
JALOUTTA
MUIDEN
NEW YORK
MANILA
NUÁR (Jobers)
PEIPING
PENANG
BANGOON
BAIGOS
CANTON
OHPOO
COLOMBO
GATHER
FOODKOW
HAIPHONG
ALYBUBO
SAN FRANOTROO
HANKOW
BHANGHAI
HARBIN
SINGAPORE
HONGKEW
BOUBABYA
ILOILO
SPOR
TIENTEIN
Кнови
KOBE
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1865,
HEAD OFFICE: LONDON.
Paid-up Capital
THE CHINA MAIL.
THE HO HONG BANK,-LTD.
(Established 1917.)
HEAD OFFICE:SINGAPORE, Hong Kong Branchí 18, Queen's B£. C.
Authorized Capital Etraits $20,000,000 Issued Capital *** Paid-up Capital ....... Resorts Liabilities
of Barabolders. Burplus ....
་
M
8,000,000 4,000,000
4,090,000
2,687,000
Branches, Agencies and Correspon- .£3,000,000 | dante in the principal cities of" the ...£3,000,000 world.
Reserve Fund
Reserve Liability of
prietors
Pro-
· Agencies and Branches:
LLOR STAR
AMBITSAR BANGKOK BATAVIA BOMBAY
DALOUTTA
CANTON
CAWNPOKE
OSBU
COLOMBO
DELHI
HANKOW
HAIPHONG HANDURG
HARDIN
TONG TONG
ГРОН
KLANG
!
KUCHING
MADRAS
MANILA
MEDAN
Every description of Banking and ...£8,000,000 || Exchange bustnem transacted.
TAN ENG HOOL
NEW YORK
PEPINO (Peking)
PENAXO BANDOON
SEMARANG
BALCON
SPREY BAN
BILANGHAI
BING PORK
SITIAWAN
SOURABATA
ILOILO
TAIPING
TIENTRIN
KARAONI
TONGKAR (Mute)
TRINOTAC
KORE
YOKOHAMA
KUALA KANGSAR
ZAMBOANGA
KUALA LUMPUR
Foreign
Manager.
Manager.
THE NATIONAL CITY BANK
OF NEW YORK.
HEAD OFFICE: 55. Wall Street, NEW YORK.
Capital, Surplus and
Branches in:---
Undivided Profits U.S.$225,347,466.11
ARGENTINE
BELGIUM
BRAZIL
Commerce and Finance
London & New York Stocks.
Market Heavy And Dull
TRADING LIGHT
EXPECTATION OF TARIFF STEADIES OIL
New York, April 25.
Prices swung within a narrow Kennecott range on the New York Stock Ex- Kreuger & Toll
Liggett & Myers "B" change to-day,, says the daily re- Loew's Inc. view of the Dow Jones Financial | Lorillard_P. Ca. (Com.) News Service for the "Wall Street Ludlum Steel Journal."
50%
WEDNESDAY, MAY 4, 1932.
*FREE LIST OF IMPORTS.
Canadian Comment Dominion Losses,
*
which much could be done to transfer the business to ¿Canada would be to impose duties on these articles-under-the-general-tariff.
| This would not affect the prices of on the goods in Canada one lots, but it
would divert their movement direct- ly to Canadian ports, and as a result
In recent articles we have drawn Canadian transportation companies, dock-workers. clarks, attention to the losses which Canada Canadian suffers in trade and credit through stenographers and other. operátors the operation of the free import would enjoy the wages which now list, states the Toronto "Mail and go to United States workers. More Empire." Mr. H. H. Stevens, important than this, Canada would Minister of Trade and Commerce, be given the credit for this trade has shown that this country imports in all the countries of origin, and as Canadian exporters large quantities of rubber, cotton, a consequence silk, hides, coffee and other articles would be able to find markets for through United States channels their products in such countries. instead of direct from the countries This is an Illustration of how the of origin. The neighbouring re-tariff may be employed to direct and public secures all the profits of control the movement of trade and handling and transporting these business to the advantage of our
nation. Conversely products from the regions where own they are produced Australasia, demonstrated that the appearance South-eastern Asia, Japan, Egypt, of any article on the free list does Inot mean that trade flows between Argentina and Brazil.
It
is
But what is worse for this coun- the country of origin and the im try is that it receives no credit in porting country, as so frequently these countries of origin for the argued by free traders. We have 28 heavy purchases thus put through. here a remarkable instance of the 14% When, therefore, Canadians go to fact that in flacal matters things Ung, these countries to Becure markets are often not what they seem. It 1 for Canadian exports they are con- is sincerely to be hoped that the 38M
fronted with the statement that Minister of Trade and Commerce Unq. 19% Canada buys nothing from them and will be able to work out a system 24 that they, naturally, wish to trade under which Canada can obtain for 261 with the United States which buys itself the huge profits which the free list in many commodities now so much from them.
rich neighbouring
LONDON
Apr. 29
25
MEXICO
7%
PANAMA
CHILE
PERU
General CHINA
PHILIPPINE
COLOMBIA A
ISLANDS
49% 22% 14%
PORTO RICO
3
DOMINICAN
STRAITS
Montgomery Ward
76
REPUBLIC
SETTLEMENTS
[INDIA
URUGUAY
ITALY
VENEZUELA
JAPAN
Trading was light, with sales ag gregating but 600,000 shares for the day.
Nat, City Bk (bid price)
***
Nevada Copper
New York Central
3% 19% 28%
287%
2
256
Paramoant Publix Pennsylvania Railroad
4
478
194
123
When we commented upon this confers on the
Unq.
434
I wasteful anomaly in our foreign republic. 4% trade relations, a reader of The 484 Mail and Empire wrote asking:
4%
Ung.
Unq.
"Why do Canadians not go to the
THE DOLLAR,
31
A rally occurred, however, when
201
2
Upon taking
&
Unq.
814
8%
up this question with the Minister|
and his 24 of Trade and Commerce
KOTLOON
KUALA LUMPUR
BUNGRI PATANI
TOKTO
TAINGIAO
ZOROWAMA
Our Accounts opened in Local Currency and Fixed Deposite reuired for one je oc berier perioda lis Lona! Ourrency and Starling tomach mili la "pastel on
Hong Kong, 5th April, 1932.
HONG KONG SAVINGS BANK.
The Business of the above Bunk la nducted by the HONO LONG AND REANGHAY DANK- IKO CORPORATION. Ba'm'may be obtained
pinMo
FOR THE HONGKONG AND SHANGHAI DANKING CORPORATION,
V. K. GILYBULJ,
Chief Manager.
Hong Kong, ayth February, 1931.
THE BANK OF CANTON, LTD.
Established 1912
Head Office:-Hong Kong. Aborted Ospital (H.T. Ourescity) ......$11,000,000 Paid-Up Capital arconi 1,000, you armoneren 2,100,000
BEANCHES-*
Ona tom, Shanghal, Haakon, Ewalow, Bangkok, New Tack and Bus Framolaco,
LONDON. BANKERS 1~~
The Lloyd's Bank, Leslied. CORRESPONDMATO
In sil prianipal slides of the World.
Porriga Xxchange and banking homman
every inscription iranmcted.
Deposit Bösen (pacious einna) ni e gravly
nial of from $8 to $40.
LOOK POONG SHAN,
Exchange and
Banking business transacted.
Current Accounts opened and Fiz. ¡CUBA
ed Deposits received for one year or shorter periods at rates which will be quoted on application.
J. STUART,
Hong Kong, 11th April, 1932.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, M.V.
(NETHERLANDS TRADING SOCIETY
BANKERS.
Bled 194.
Don Kone Otos:-11, Queen's Road Central.
Authorised Capim Ouilders 180,000,000- Paid-up Capital ... ilders 80,009,102. Beserve Fuad
Sullers $0,018,500-
Mood Olow:-AMSTERDAMO Hestern Head Dios TEATAVIA. Broche:-Bandformacis, Bandoeng*, Bombay,
Djok
Commercial and Travellers' Letters
North American Co. The market opened irregular, Pacific Gas & Electric of Credits, Travellers Cheques, Bills with a heavy and dull tendency Packard Motors of Exchange and Cable Transfers with belief that it was likely to
Current accounts bought and mold.
and Savings Rank accounts opened decline in anticipation of the fact Ponnroad. Corp. and Fixed Deposits in local and for that U.S. Steel is likely to pass its Phillips Petroleum
taken at rates that dividend to-morrow afternoon with Public Service of NJ, eign currencies may be ascertained on application to its first quarter the worst in his- Radio Corp,
Radio Keith Orp, the Bank.
Reynolds Tobacco "B" We are also able to offer our Custory.
Soars Roebuck tomers the services of the Branches
Shell Union Simmel Company Socony-Vacuum Corp. Southern Cal. Edison 23/ Standard Gas & Electric 18% Standard Oll of NJ.... Texas Corporation ..... Texas Gulf
Sulphur Toxas Transamerics Union Carbide & Carbon 21 Union Pacific United Aircraft & Trans. 111⁄2
Olarte, Chrous THE BANK OF TAIWAN, LTD. pay its regular dividend. The lat-
Medan, Palembang, Pais longan, Prasny, Rasgoon, Rotterdam", Bersag, Shaoghal, Bizapore, Sosen bala, Boazakaria (Bola). Tegal, Tydskap and Welterradion®,
• Thees offione kare Bale Deposit Borm te el.
LONDON BANKEES-
NATIONAL PROVINCIAL BANK LTD,
(TAIWAN GINKO.)
HEAD OFFICE-Taipah, Formoss.
Incorporated by Special Imperial Charter, 1899.
Cars Back in Formos.
United Corp.
2015
32 places of origin for the purchase of 20% their requirements In raw rubber,
2% raw ailk, cotton, etc?
16% department, we have elicited further!
Drops a Farthing Yesterday.
Opening at Monday's rate,
the 21 valuable information regarding the Hong Kong dollar dropped a far- 10% harmful operation of the free list thing during yesterday forenoon to 17% 17%
11
84
3
52
of the International Banking Cor-American Tel. & Tel. erossed par, paration in Spain and also of The but it closed back at its Saturday National City Bank of New York close of 994, International Tel. |(France); S.Ã, in Paris and Nlos,
& Tel. closed unchanged at 6. B. M. MCLAY,
Oils steadied upon the expecta- Manager.
tion of a favourable tariff provi- Hong Kong, March 1, 1932.
sion shutting out foreign Imports, as well as on the expectation that Standard Oil of New Jersey would
ter closed at 21%, up %.
U.S. Steel opened at 284, off United Gas Improvement 18% from the close on Saturday, but U.S. Rubber
US. Steel immediately jumped half a point Vanadium ..... only to sag off again and finally Warner Bros. Pictures to close at 282.
Westinghouse E. & M. The Dow Jones average for 30 Woolworth....
*** not reed. was off .30 to 58.92.
Air Reduction American Can, opening off 3% to Amer. Sugar Refining slums, 42%, suddenly moved up in the Auburn | PORMOSA :-Giran, Kagi, Xarenko,
Tako, Nants Shinobiku, Talaku, Talos, Arst 15 minutes of trading to 4234 Takes, Tament, Town, Hello, Talto. CHINA 1—8bangbal. Hankow, Amay, Toscow, with a further advance half an Continental Can
Bwatow, Cantes.
Caty, Inc. |OTHERS ;-Hong Kong, Blogspora, Bosby, hour later to 43%, but by noon it
Diamond Match Semarang, Batavia, Bomber, London, Kaw had slumped off to 41% and it Eice Power & Light
closed at 424 General Electric Fund. Trast Series "A" opened at 14% off a quarter from Fund. Trust Series "B" the close Saturday, and closed at General Amer. Tank Car 17
Int. Printing Ink 141⁄2.
Mack Trucks The Dow Jones average for 20 Nat'l Biscuit rails was off .10 to 22.80.. New Nat'l Cash Register York Central opened up an eighth Nati Dairy Producta to 19%, but slipped off and clos- Safeway Stores ed at 19.
Anaconda copper closed up an
Cerrespondenta all over the world. Banking Busi-Bank-Note mund Average amount... 45:000,000 industrials not of every description tessaacled.
A. STOKKINE:
Hong Kong, Ini Desember, 1981.
THE
Manige.
Chief Managar. AMERICAN EXPRESS COMPANY.
THE BANK OF CHINA. 行銀國中
INC.
Read Office: 65, Brośdway. New York.
BRANCHES AND AGENCIES, JAPAN:-Toyko, Yokohama, Sobe, Osákon,
York, Dairea.
LONDON BANKERS:
Berlays Bank, Lid., Lloyds Bank, Lid., Midland Bank, Ltd., Westminster Bank, Ltd.
The Bank has Correspondants in all the principal Commercial Contess throughout the world.
E: KAGURA,
HONG KONG DRAKCH:
1, Des Vaux Boad Cential. Hong Kong, December 24, 19.
Maniger.
THE MERCANTILE BANK OF eighth to 5%.
INDIA, LTD.
HEAD OFFICE :
15, Gracechurch Sirens, Londen, E.0.3.
Reorganised October 26, 1928, under
Capital
#pecial charter of The National Gov- ernment as AD
Surplus
Reserves
.U.S.$6,000,000 .U.8.$1,572,454 .U.S.$1,908,201
INTERNATIONAL EXCHANGE
BANE.
BRANCHES:--
Subscribed Capital
.$25,000,000,00
Klon
Pald-Up Capital ....
.$24,710,200,00
Antwor
Likeve
Reserve FundsTM
.$ 3,820,508.82
Berlin
Glasgow Haave Hamborg Havre
Hapi
Finess
Paris
Penang
Authorised. Capital
Biarrite
Laberlehen
Paling
Subscribed Capital
HEAD OFFICE: SHANGHAL.
Boobay
Bria
Bre
HONG KONG BRANCH
Bossen Airm
Olen
Jerusalama
London Liverpool Locat Lagi
Falermo
Bollards.
Paid-up Capital
Bomma Bamboul
Blagagors
Colombo
Socie
Opornopla Monia Carlo
Copenhagsa Manila
Munich
Montever
Tokokama
SCIAN A
.£3,000,000
1,800,000 1,050,000 Reserve Fund & Rest. 1,217,927
For 20 utilities, the Dow Jones average was up .12 to 24.68, and for 40 bonds it was up .96 to 77.19. Selling was resumed when the Senate committee announced that Investigations on the. New York) Stock Exchange would continue.
Bonds, wheat and cotton hold their small gains.
in such heavily imported commodi-1s. 23. The market was easy, 20% ties as those mentioned. The ex-with inter-bank business done at 52% planation is not difficult to under-1s. 3d.
11% stand. It may be summarised thus: Silver was down 3/16ths in Lon- don. America and China sold,
Period of Incubation.
(1) Canadian manufacturing and and China bought at the decline. 284 Canadian overseas trade have been The market closed quietly steady
of gradual development, necessarily being buyers at 1/16th under the 22 from a very small and comparatively quoted rates.
38%% obscure beginning. During this New York reported a decline of ath, with the market remaining period of incubation or growth,
dull. Canadian importers naturally developed certain lines of contact and the goods "being free" could just as easily be handled through the United States, our big neigh bour, as from other sources.
Silver Prices.
London, Yesterday, Closing silver prices in London to-day were:
May 2. May 8. ......16.11/16 16. 9/16 Forward .16.13/16 16.11/16 *
17% of the money unit, and because of London on New York cross
tions which made doing business was quoted £1-G$3.66%-Reuter. 8% through the States a very simple
23 matter!
and the biggest per capita user of
motor cars in the world. Indeed, DE BEAUTE
Phone 25163.
0
8
16%%
Ung.
814
294
814
8%%
1
1
224
28
87
37
17
40
89
17
Canada Dry Ginger Ale
84
8
27
20
2%
2
13
18
In-
754
714
Spot
8 34
8.
deed, with much greater facility be
8% cause of similarity of language and
At two o'clock this afternoon the
rate
4%
4% close and intimate banking connec
14
14
32%
88
8%
23
45
45%
United Fruit
20
201
U.S. Realty & Imp.
(2) The United States is a large ALEXANDER country, with 120,000,000 people, INSTITUT
LONDON STOCKS.
London, Apr. 23 Chinese Govt. Bonds:- 5% Reorg 1918,
London 4% 1898 Eng. 44% 1908
it is said that 65 per cent, of the
total production of rubber is used
25
Pedder Building -
in the United States. Consequent-
(1st Floor)
5814
8614
85
56
24%
34
Imperial Rly. 5%
83 *70
B3
71
BRANCHES:
S.N.R. 5%
3834 88
Bangkah
1pok
Canton Kowloon
Batavia
Bonboy
Kanchi
Calculta
Kota Bharu
Pori Lazio
(Mauritius) Rangoon
5%
6-10
Tlentam 5%
6-12
5-10 6-12
Estambe
Kuala Tapit
Shanghai
Tientsin-Pukow 5%
Delhi
Kusi Lampar
2nd
6-12
6-12
Galia
HOLE KOLL Hewesh
New York
HONG KONG BRANCH.
SHOU J, CHEN,
Manager.
All classes of Commercial Banking Transactions undertaken.
taken.
►
investment Bocon tu
Apr. 23 Adams Express '..
.8 Allied Chemical & Dye: 59 Every description of Banking and Exchange bas- Allis Chalmers mama' trapassind.
American Can Traveler Olegose issued." Trustee and Executorships andar- American & For. Power 4%
American & For. Power
WAIT. INTEREST. allowed on: Gurvat. Accounts und Fixed Deposits at Baise that may be smartained American Smelting an application.
American Tel. & Tel. J. B. ROSS,
American Tobacco "B" Manage:
American Waterworks 17, Queen's Bond Destral.
Hong Kong, 7th April, 1982.
25
S'hal-H'chow-Ning-
3
po 5%...
€234
68%
Hakuang 6%
15-19
74
TH
Honne Bo
6-10
5-10
42%
42
Lungha! 6%
86
4
Marconi 8%
5-10
5-10%
Vickers 5%.
6.9..
5-9
Unq.
24 HK. & S. Bank... 102
100
9
94 Chartered Bank
.:11
9014
994 Mercantile Bank
67%
67
20
20
L.0.5.N. 8% cum..
Pref
184
Anaconda Copper
Auburn Automobiles
Baltimore & Ohio"
LC.S.N. def. ord. 40
Gula Kalumpong 6/36/3 1994 BAT. Co. Reg.
.83% 214
31/12
78/-
Hong Kong, April 28, 1908.
Bethlehem Steel®
34/44
Borden Company
2835
1976
Borg Warner
6%
Canadian Pacific Railway
12%
12% Jap. 6% Loan, 1924
Cass, J. 1
284
282 Chi. Eng. & Mining 28/9
Chase Bank
81% Consols
80%
.: 60%
p
10% Way Loan, 5%.
-10314
Canadian Pacific:
174
CANAKAN Victory Bonds. 4%%%
88%%
8
8 Garman 7% lat
5/16
24 - Loan, British -,,,,-. 67 -- 5/16 Shanghai Elec. Con. 55/-
55/
Jobicum, from Shanghai,
F. V JENSEN,
Superintendenti Hong Kong, April 27, 1982.
Bouton
·BANKERS↑
The Hank of England & Midland Bank, Lid,
Kandy
Praiag
***16
Kuzolan (Pahang) Blogapre
Sourabaya
Madina
The German elections had little: effect on the market.
Call money continued at its steady level of 2 per cent.
Quotations.
5% 1912 6% 1925
4, Queen's Road Central
Owing to our numerous branches in Ghing 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.
Osloathe Сваде
Morace
Branches of American Express Com-
We also handle the issue of Bonda pany in Principal cities of United and other Public. Funds of the Chin-
* Government both at home and States of America and Canada. · abroad.
Hong Kong, 6th March, 1981.
THE YOKOHAMA SPECIE BANK. LIMITED.
Established 1880.
Capital (fally, paid-up) Yan 100,000,000 Reserve Fund . Yen 117,300,000
Head Offer:-YOKOHAMA.
Branches and Agiselon ́nts
Berlin
Bombay
Calcutta
(Cantom
Changeban
Dairan (Dalny)
Harburg
Fongtian, (Mukden)
Nagasaki
Марота
Nowakwang
New York
Osaka Paris
Palping Rangoon
Personal handled.
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services. of its thoroughly squipped · Travel Department.
E. W. DUGGAN,
Manager.
PHOTO-SUPPLIES
FOR SALE
Collections, of Postage Stamps | Chrysler Corp.
mounted in books, Each collec-Cities Service Co. tion contains stamps all different, Columbia Gas & Electr without duplicate.
Com. & Southern Com. Bo. Ware.
500
1,000
Koodaks und CamOERK,
2,000
Films, Pinton and Papers, ste.
Rio de Janeleo
1:500
San Francisos
Developing, Prinsing and
2,000
ZIESS and BUSCH FIELD GLASSES.
10,000
1274 Shell T. T Reg. 81/10 27 P.&O. def.
6% Jap. 5% Loan, 1907 681
Cons of N.Y. 50% BOK ZE• Unofficial quotations,
ly there have developed in the Opposite Butramos_to
58% United States "rabber exchanges" Hong Kong Hotel.
where dealers, manufacturers and Latrosz Oil Permanent Hair Waves which are Largs, Boft and - Nitural, others can buy futures, and bedge Artistic Finger and Marcel Waves, Ol their purchases, etc., in the way Treatment, Shampeolug, Henna Pack customary to exchanges.
(3) These goods-rubber, Egyp tian cotton, silk, hides, coffee-being' on the free list, can be freely "merchandised" in the United States for Canadian accounts, and with the 62% growth of the foreign trade of the 15-19 United States, there have gradually developed strong, well-organised for- Seign trade brokerage concerns very
(any colour), Hair Cutting and Mani- cure for Ladies and Gentlemen. Cour dentious, Artistic Work by Europóni Expert, Mr." Alexander Manag
CHARGES MODERATE
A VISIT WILL CONVINCE YOU.
·UNCLAIMED TELEGRAMS.
The following unclaimed tale
similar to the old concerns that have grams are lying at the Eastern Ex- been established for centuries in tension Telegraph Co.'s office:
Dr. Murphy, care of Gilman Co.
11% London. These, together with very
18% powerful banking institutions, make from Singapore.
the handling of foreign trade much
2 easter there than in Canada.
Canadian Service,
It must not be assumed, however, 14/6 that because of these" advantages,
634 Canada should not attempt to do her
Notaillim, from London,
6.-0, CLARKE,
Manager.
74% own business. Canada has now The following unclaimed tele- 22/6
reached a stage in her foreign trade gram is lying at the office of 103% development where definite at the Great Northern Telegrap
should 10% tention
be paid to Company (Limited) of 98% the organising of Canadian mark-
services for the handling of 65
rubber, Egyptian cotton, silk from Japan, hides from the Argentine,
The following additional quota- coffee from Brazil, etc. One way in tions have been received:
Oil
Cern Products
32
Curtin Wright Com.
1.0.1, ord:
15
14/9
Drug Inc. Mole
8989
Courtaulds, ord,
81/3
80/7
DuPont de Nemours
Eastman Kod
Dunlops, ord.. Cablen
Electric Band
B
Electric Power & Light
reless
Fox Film
General
G. FALCONER & CO. (HONG KONG) LTD. WATCHMAKERS & JEWELLERS:
DIAMOND
Union Building
RCHAN
CO
GR