7. P. Warren, Keq. Deputy Chairman,
Hon. Mr. W. H. Stall. A. H, Campton, Keq.
W. J. Kwośck Esq.
4. Miskin, Eaq.
*. S. Merrion, Fa.
T. X. Pearce M.
Bangkok Batavia Bombay Calemits Canton
| Paid-up Capital
Résarve Fund
£5,000,000 £3,000,000
Reserve Liability of Fro-
prietors
.£3,000,000
AND WHEAT Latest Quotations.
On London—
.T. T.
On demand
Hon. Mr. 7.8. Machis
Chalcem.
Alor Star
Rangoon
Amritsar
Salgon
Semarang
NEW YORK COMMODITY MARKETS
Four months' sight 1/5
Kleng
Seremban
Credits 4 months'
sight...
Kobe
Shangbal
Kuala
Singapore
Luropar
Sitiawan
On demand
Cawnpore
Kuching
Sourabaya
Madras
Manila
Tiantain
Taiping
Credits 60 days***
sight
On Paris-
BANKS
HONG KONG AND SHANGHAI |- THE CHARITRED BANK OF
BANKING CORPORATION.
Astburned Capital
zired and Pily Pald-wy zonne | 4
Reserve Putuka zen
Homero· Linkkiky ji Prepaiptare #$20,000, 09:
MEAD. OFFICE; HONGIONO.
BOLED OF DIRECTORS.
INDIA, AUSTRALIA & CHRA,
Incorporated by Royal Charter, 1832.
-HEAD-OFFICE: LONDON.
Agamelan and Branches:
Mollo
Ipoh
Karachi
THE CHINA
Commerce and
Finance
COTTON, SILVER
EXCHANGES.
-TO-DAY'S QUOTATIONA
NEW YORK STOCK EXCHANGE
A.O.F.C. Quotations.
New York, Yesterday. Dow Jones Averages.
Ayer. Aver.
20 Rails ...
Last Today's Changes
97.16 95.71 145 down' +44.57 43,6493 down 2201 22,67 24 down .04.21 86.80 .00 up
THURSDAY, MAY 10, 1934.
NEW OVERTISEMENTS:
SILVER ERRATIC IN
NEW YORK
Higher Foreign Cables
Ignored.
STOCK
PUBLIC AUCTION.
PRICES WEAKER
New York, To-day, PA the Sale by Public Auction 》ARTICULARS & CONDITIONS The New York silver market to be held on
MONDAY, the yesterday fgnored higher cables 14th day of May, 1934, at S p.m. at being erratie all day. Prices de- the Offices of the Public Works De- clined sharply towards the close partment, by Order of His Excellency the Governor of one Lot of Crown on scarcity of bids.
Land at Aberdeen in the Co- Stock prices were weaker, in- lony of Hong Kong for a term of 75 port:-The inability of the market dustrials and rails declining 1.45 years, with the option of renewal to follow through yesterday's ral-and .93 to 95.71 and 43.64, respec- the Surveyor of His Majesty the at a Crown Rent to be fixed by
.54.51 63.87 1.14 down Mesars. E. A. Pierce & Co Re-
were down King, for one further term of 75
| 20 Industrials
20. Utilities
1/4%
1/4%
40 Bonds Commodity
Index
1/5
38.
875%
Medan
Tourkab
ly caused some selling this after-tively, while utilities noon and it looks now as though! 24 to 22.67.
Haiphong Hamborg Hankow Harbin
New York
Pelving Tsingtao
On demand Credits 4 months"
sight
645
585
Hong Long
Foreign
Exchange and
General
Price
on On India-- -
and
On T.T. and demand 98% [On Shanghal-
On demand
110
Bonds, however, im-years. recent low levels may get another proved .09 to 94.30. The test. Wheat: The market imodity index slumped 1.14 tu
53.37. purely a weather-market
Business was quiet, 1,030,000 rains, while not in sight, would shares being traded.
PARTICULARS OF THE LOT.
com-
meet
118%
On Manila-
On demand
7144
On Singapore-
TRINGTAO
On demand
60
On Batavia-
Adifafning Aberdeen
Inland Lot No. 104,
Registry Ka.
Locality.
MEDITER
9.
W.
E
th st. The
the About
As per 'uain planj uzá
On demand
525%
On Salgon-
On demand
54
On Bangkok-
On demand
131%
IMPEDES ACTION
(Continued from page 1.j
Sovereigns bank buy-
ing rate
1/5/2
C. C. Taight, Eng.
ANOT
JANUKOK KATAVIA BOMBAY CALCUTTA CANTON CITEROO COLONDO
DATMEN
POOCHOW
ПАПИОКО
HAMBURG
WINDOW
TARDIN
BONGEWY
nota
JORORS
KORE
KOWLOON
T. X. Orayburn, Bog.
Chie! Mange
BRANCHES
LONDON
LTOKS
MALACCA
MANILA
MITAR CJhoes)
MUIDEN
NEW YORK
PRIPING
FERANG
RANDOON
BAJOOK
BAN FRANCISCO
KUALA LUMPUR
RIANGHAT
SINO APORI
ROUTKABATA
MINORI PATANI
TIENTSIN
MKTO
TORDHAMA
Darrest Annie opovad la Lol Carrelag and Flat Deposit for was your sharker perioda la Canal Dompany and Sterling sm, berita gráink will be queist on apsilection. Hong Kong, 13th April, 1954.
HONG KONG SAVINGS BANK.
The Restore of the above Boxă la omulus.
A by the TIONG KONG AND ORANGEAT BIJKING CORPOKÄYTON, Balon may l chiulvad on application.
FOR THE HONGKONG AND SHANGRAT BAXXING CORPORATION.
1. K. GRAYBURN,
Chial armour,
Hong Kong. 26th February, 1934.
SAFETY FIRST!
To Safeguard Your Valuab}co and Jewelleries.
Deposit them in
Vault
that in realv: FIRE - PROOF BURGLAR - PROOF
DAMP PROOF !
OUR SAFE DEPOSIT VAULT
Incated on the Mezzanine Floor
(Bhuker)
(Peking) Yokohama Penang Zamboanga
Banking business transacted.
Current Accounts opened and Fix ed Deposite received for one year or jshorter periods at rates which will be
quoted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1034.
On New York-- New York, May 10.
Fin- American Oriental The ance Corporation have received the following quotations on the New York cotton and wheat. rubber, silk and silver exchanges on the Commodity Exchanges Inc. New York:
Closing Commodity May 9.
SILVER
Silver: Commodity Exchange Inc. | On Japan:~
On demand jof New York:
May 8 Range May 9 Range July ....45.50 45.65 44.75 44.85 Sept....45.70 45.90 44.90 44.95 Dec. .45.85 45.90 45.25 45.25 Mar....46.32 46.92 45.55 45.55
THE BANK OF CANTON, LTD. Total sales for the day:--
Established 1912.
Head Office-Hong Kong-
Lutherived Capliol (BLK. Currency) ...$11.30P_WEB
Опл
BRANCHES
2,150,000
Samughal. Bankett, Bangkok,
LONDON BANKERS 200
The Lloyd's Bank, Limited. CORRESPONDENTE
Tu all pelnotpál side of the World.
Farolas Kondango and banking bacha
wwwy dssori piles inuencial,
Ba's spoils Borse (variona zime) al a guarly val of frown IK 10 84%.
LOOK POONG SHAN.
Chief Manager.
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital Reserve and Undivided
Profta
418 contracts of 248 contracts of 25,000 oza. each 25.000 oza. each
Market:-Easy.
RUBBER.
Rubber: Commodity Exchange Inc. of New York:
May 8 Range May 9 Range 13.77 13.77
May...15.06 15.06 July....16.22 15.28 Sept....15.50 15.56
Bar Silver per oz. ... 19 13/16 Bar Silver in Hong
Kong
13.98 13.95
Copper Cash
Copper Cents
14.20 14.22
Standard No. 1 "B" Contract.
Total sales for the day:-
1.005 contracts-1,435 contracte
Silk: Commodity Exchange Inc, of j New York:
SILK.
$10,000,000.00)
May 8 Range May 9 Range § 5,599,600.00
May ...1.22 1.24, 1.21% 1.24
1.25% 1.261⁄2 $2,434,000.00 Sept...1.2014 1.26 Dec....1.254 1.26
1.25%
1.25
SUGAR.
HEAD OFFICE:-RÓNG KONG 12, Des Voeux Road Central.
BOARD OF DIRECTORS:— Eir Shouson Chow. Chairman.
of Li Koon Chon, Esq. P. E. Kwok, Esq.
Our New building i Saecially Con-Wong Yun Tong, Esq. Chan Ching structed to provide all of these Im-Shek, Esq. Li Lan Sang, Esq. Wong portant Qualities.
your ste Rental.
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD.
Corner of Ice House Street and Des Voeux Road, Central,
DOM. ...hop.
1% prem, Rate of Native Interest 32% p.. Chinese Sub, Coin 32% día..
Hong Kong Suk. Con par.
SHARE MARKET.
The Eastinan Kodala Company has a very vulnerable market, Continued dry weather in being ex-The journal, "Iron Age," estimates! been placed on a US$4.00 basis.)
perienced in the North-West and steel production at 60 per cent. of in Canada. Cotton: Prices open-capacity.-Reuter.
ed steady on foreign speculative
demand, but ensed on profit-taking |
and on favourable weekly weather SILVER DISSENSION
FOR SALE.
report. Silver: The market Ix- nored higher cables from abroad, Jopening thin and being erratic all day. Prices declined sharply to wards the closed on scarcity of the present Congress will enact MATSHED FOR SALE-At 131⁄2 mile bids. Eastman Kodak has been legislation. The conferences be-beach Castle Peak Road, for particu-
lars phone 57957 or call at placed on a four-dollar basis. The tween Treasury officials and the sit-Hotel 23 and 25, Nathan Road, Kow-
ver advocates will continue to-day. "Iron-Age" estimates steel produc-
After Senator Borah left yester tion at sixty per-cent of capacity. day's conference. Senator King Business Done:-1,030,000 shares.said that there was still some dis- Last To-desagreement among the remaining
29
Price Price
Air Reduction
994.
99
Allied Chemical & Dye .140
1924
American Can
98%
90%
American Radiator
14%
American Smelting
4114
Sugar: New York Sugar & Coffee/the Utilities, Trams in particular Canadian Pacific
Exchange:
American Tel & Tel...111 The Official Summary of the American Tobacco "B" 71% Hong Kong Stock Exchange issued American Waterworks
. 184 yesterday at 12.30 p.m.
Anaconda Copper Min- The feature of the market this Auburn morning was again the firmness of Bendix Aviation
Borden Ca receiving a good deal of support. I. Caser May 8. May 9, Hotels and Wharves also were not Caterpillar Co
easily procurable at the quoted Chase National Bank
Chrysler Motors Consolidated Gna of N.Y. 33% On the other hand, with the fur-Curtiss Wright ther rise in exchange, Banks and Du Pont de Nemours Uniona bath cased off, the former Eatman Kodak being offered at $1860, but elicit Electric Auto-Lite Co
1.55 1.56 1.58 1.59 1.65 1.05
rutes.
Cotton. New York Cotton Ex-ing no response. change:
May July
You may obtain
for
Safe Depozit
Vault: Bax in thin most up-to-date
own une at a very moder-
Cha Son, Esq. and Kan Ying Po, Esq.
Kao Tone Po, Esq, Chlef Manager. La The Fong, Esq., Manager,
BRANCHES AND AGENCIES ---
September
Market:-Quiet.
COTTON.
Amoy
Manila
Seattle
Batavia
Melbourne
Semarang
Bombay
Nagasak
Shanghai
Calcutta Canton
New York
Singapore
Osaka
Sourabaya
May July
Talpbong Hank
Parin
Swatow
Priping
Byndry
Oct.11.63 11.65
11.52 11.63
Penang
Talhoku
Kobe Kowloon
Rangoon
Tientsin Aalenn
Takyo San Felsco Vancouver Yokohama
Dec. Jun. .11.80 11.80 Mar....11.90 11.91 Middling
1175 11.77
11.64 11.64
11.70 11.70 11.81 11.81
11.50
THE BANK OF TAIWAN, LTD. London
(TAIWAN GINKO.)
BEAD OFFICE:-Taipeh, Formosa Incorporated by Sperial Imperial
Charter, 1899,
Central Bank in Formoon
Every description of Banking and Exchange bussess transacted. Loan granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposita received Best-floter trocad Ariesgo amorni ...Time for one year or shorter periods in
On and after August 15th, 1933, the Local and Foreign Currencies rate of Interest on Special Current terms which will be quoted on appli- Deposit will be at 2% pa. on dailyention.
May 8 Range May 9 Range 11:35 11.35 11.23 11.23 ...11.48 11.49
Spot..11.45
11.35 11.36
WHEAT. Wheat: Chicago Board of Trade:
May 8. May 9,
85% 84
May
85%
on
July
83%
September Total sales for the day:
84%
84%
KAN TONG PO,
Chief Manager. Bong Kong, 1st March, 1994.
40,000,000
bushels
30,000,000 busbela
balance and the rate for balance over Safe Deposit Boxes To Let $10,000 will be quoted on application.
(Maximum rate-136%).
LONDON BIKKEMP ·
Bulaya Bank, Lad.... Landa Bach Tal Midland Bark, 145., Warkminster Bank, Lad
The Ben) ja Demuspondaria in all Jhy pedumpsi Joumarelal Kaziri Alamughans, this would
KONG KONG BRANCHE:
E. KLOPNL.
1. Dar Taka Bood Castes)
Tag Tak Denasaber 14, 1982,
...
Kuagw
THE
AMERICAN GOLD PRICE:
(WASHINGTON).
AMERICAN EXPRESS COMPANY, U.S. Treasury Gold
Price, per o
S
INC.
Head Office:-85, Broadway,
New Tork
May 8. May 9.
I
$85.00 $88.00 i
Sales.
H. K. Bank $1870/1885 Antamoks 67 cts.
Electrics $75
Buyers,
Underwriters $1.30 Douglases $371⁄2- Wharves $100. Docks $15.
Providents (Old) $1.95.
Hotels $5.95.
H.K. Trams $21..
Star Ferries $96. China Lights (Old) $9.05. H.K. Electrics $72. Macao Electrics $24. Telephones (Old) $24. Amusementa $32. Constructions (Old) $190. Constructions (New) 70 cts. Govt. Loans 84% Prem
Sellers. JI.K. Banks $1860. Union Insurances $625, Reatles $5.35. II.K. Ropes 5%.
Gold Dust
toon.
Alrile
PUBLIC AUCTION. silver advocates over the ernet leHE undersigned have received gislation.
This is despite the fact that the Thomas Bill has already been given! 13 38 to Mr. Morgenthau.-United Press, 110% per S.C. Gold Bar Co.
Bill Should be Ready Before Week-End.
93% SILVER BULLION ONLY TO BE
COMMANDEERED
Washington, To-day.
It is understood that President Roosevelt is favourably consider.
33% ing proposals to nationalise silver in the United States, but is with 1974 holding final judgment on 36 legislation regarding it until it is 1244 12% drafted.
any
THE
Auction
instructions to sell by Publio
ON Saturday, the 12th. May, 1934, commencing at 10.30 a.m.
at their Sales Room, 4. Duddell Street,
160 Cases Milk
1 Bale Grey Cotton Duck
1 Bale Cotton Yarn
50 Doz, Typewriter ribbons 10 Bicycle Saddles
also
A Quantity of Furniture and Sundries Terms:--Cash on Delivery,
LAMMERT BROS,
Auctioneers.
Hong Kong, 10th May, 1934.
Personal Pars
70
15
14%
37%
30%
17% PITTMAN MORE THAN
SATISFIED
15%
23
16 2214
7014 16
55
#1914
28%
28%
28%
43%
43
31
21%
87%
80
8734
80%
21%
21%
Electric Bond & Share 14
1374
General Electric
Electric Power & Light 5%
5%%
21
20
General Foods
33%
General Motors
34
33
Gillette Safety
10%
10%
20%
Internat Harvester
304
Internat Tel & Tel
Liggett & Myers "B"
92
Loew's Inc
321⁄4
Montgomery Ward
2644
National Biscuit
National City Bank
National Dairy Products 15%
Chief Justice Mr. W. C. Simons the and Mrs. Simons, arrived in 91%
In regard to the suggestion to Colony this morning by the R.M.S. 31%
establish 20%
a 25 per cent. silver Empress of Russia. 98% backing for currency, 30%
the Pre- 28%
Olig
14%
Pacific Gas & Electrie 1974 Packard Motors
accept permissive and 17% legislation.
$2 81%
-4% 4/4
Sears Roebuck
7% 7% 4%
Sasony-Vacuum Corpn
Standard Brands
15/2
-16%
20
19%
Standard Gas
10
97%
Standard Oil Co of N. 1, 43%
42%
Texas Corgn
24'
24
Tran-America
6%
Union Carbide & Carbon 41,
40%
Union Pacific
..125
123
aident has also emphasised that,
United Air & Transport 20% United Corpn
6
20%
5
only silver bullion and
United Stater Steel Westinghouse E & M 86
464
44%
mander silver dollars and
34
XD.--"; BID.:—†.
coins as was done in the case gold.
Elevator
Pennsylvania Rly
Radio Corpn
291 sident, it is believed. is willing to 15%
Mrs. G. S. Hugh-Jones left the
directory Colony for Home by the s.s, Hoctor
to-day.
In other words the declara- tion that Congress favour such backing will be regarded as a mandatory declaration of polley, but the President feels that the time for carrying it out should be left to him.
It is understood that the Pre-
Mr. A. Ritchie, of Messrs. Lowe, Bingham and Matthews, and direc- tor of the Far Eastern Aviation Co., Ltd., was a passenger on board the 8.8. Hector, which left for Home jto-day.
Mr. A. K. Mackenzie, of the staff
the Government should taken over of Harry Wicking Co., Ltd., and
not com-Mrs. Mackenzie left for Home to-
other day by the ss. Hector.
of
*
Capital ...
THE YOKOHAMA SPECIE BANK Surplus
LIMITED.
Established 1680
Capital (fully paid-up) Yen.100,000,000
Reserve Fund
.Yen.122,750,000
Head Office:-YOKOHAMA
Branches and Agencies at: Alexandria Batavia
Berlin
Bombay
Calcutta
Canton
Hamburg Bankow
Negaanki Nagoya
New York
Osaka
J'arts Pelping
Reserves
.17.8.56,000,000.00
.U.8′$1,867,088.17
.U.S.$1,718,979.67
J
BRANCHES
Ammeterdum
Antwort Athe
Bala
Barlin
Houby
Brunals
Bro
Пол
Ravana Hambery Havna Heldelburg Interlaken Jaralam Londo Liverpool Locati Lugue
Man City
m
Dairen (Dalny) Rangoon Fenglien (Mukden) Rio de Janeiro
San Francisco Scattle Remarang Singapore
Harbin
Hong Kong
Honolulp
Hsinking
Karachi
Kobe
Shangha
Sperabaya Sydney
Tientsin
Takys Tsingtan Yingkow
MoH
Calro Calmate Cubao Gelabe Copenhage
Datsu Filebugg
Plorenas
Coners
Marselling
Monia Carta Maak
..Munich
Kaplan Press Paris Pelping Palac RaiLordan Flore Shad Boutkampion Bingepare Tipetim Тастал
Vianna Valen
·Tokobanan
Branches of American Express Com- pany in Principal cities of United States of America and Canada,
All class of Commercial Banking Transactions undertaken.
Personal investment accounts | handled.
The Company offers to intending Travelern the use of fta “Travolare
London Los Angeles Manila
Interest allowed on current Ao-Cheques and Letters of Credit and, counts.
in addition, £ha ; world-wide servioss Deposits received for fixed periods of its thoroughly equipped: Travel De- at råten to be obtained on application, partarkat
· C. KISHINÁML" :
Manager,
· Hong Kong, 11th April, 1984,
W. DUGGAN,
Manager.
EXCELLENT PROGRESS". The Chairman of the Senate Foreign Relations Committee,
Senator Key Pittman, reported yesterday that "excellent gress" had been made with fram-
jing äilver, legislation,
He indicated that the Bill should be ready for submission to Pre- Bident Roosevelt before the week- Jend-Reuter,
LOCAL DOLLAR DECLINES.
Montreal
Brussels
Geneva
LONDON EXCHANGES.
London, Yesterday,
pro-
Paris New York
77 13/32
5.12/2
5.10%
21.88
15.75
Amsterdam
7.54
Milan
60%
Berlin
12.94%
Stockholm Copenhagen Oslo
19.40
22.85%
19.90%
Vienna
28
Silver Prices Improve,
Prague
Helsingfors
122%2 2261
Madrid
The local dollar has declined %, opening on demand to-day af] 1/4
Lisbon
Athens
Both apot and forward silver |prices advanced, Spot sliver ad-] · Rio
vanced 1/16, closing yesterday at
19 13/16, while forward silver ad- vanced 54. closing yesterday at 10 18/16,
The London on New York cross rate, which closed on Tuesday at £-U.S.$5,10%, closed yesterday at R-U.836,121⁄4, while the New York on London Fate closed yester day at US$5.12 as compared with 4-1.845.121⁄4 on Tuesday."
Hong Kong
Yokohama
Silver Spot Forward
War. Loan 34%%%
.1724.
19. 13/16 19:13/16
102%
• Sellers Officially
---British Wireless Servics.
Bucharest Belgrade
37 11/32 110
580 Sellers 610
225
4*
Buenos Aires Montevideo Bombay
86%*
BB
1/6 3/32
Shangha
1/84
1/514