BANKS
HONG KONG, AND SHANGHAI BANKING CORPORATION:
Authorland Caplis
$50,000,000
Issued and Fully Fold-up *****90,000,000
Reserve Funda
Sterling
£8,500,000 $10,000,00
Hesaree Liability of Proprietors$30,000,000 BEAD OFFICE: HONGKONG.
BOARD OF DIRECTORS.
Hoe. Mr. C. G. B. Maobla
Chainza
8. H: Dadwell, Esq. Deputy Chairman.
Hon. Mr. W. H. Dei.
A. H. Compton, Esq. W.3. Kerwick, Zag. C. C. Knight, Eng.
AMOT DANGKOK
BATAVIA
BOMBAY CALCUTTA CANTON
CHEFOO
COLON BO
DAIREN
FOOCHOW BAIPHONG HAMTRURG BANKOW
BARHIN
HON KEW
FLOILO
Trom
JOHOND
КОЛЕ
KOWLOON
a. Miakin. Eng.
H. 8. Morison, Esq.
T. E. Penta, Esq.
V. H. Graybara. Eng.
Chief Manager.
BRANCHES
LONDON LYONS
MALACCA
MANILA
MITAR (Johor)
MUKDEN
PRIMN
NEW YORK
PENANG
KANGOON
PATOON
SAN FRANCISCO
ETALA LUMPUR
SILANGBAL
SINGAPORE
NOURABAYA
SENGE PATANI
THENTRIN
TOKYO
TAINOTAQ YOKOHAMA
►
Current Accounts award in local Camrency and Fixed Depot received for ons gear
in Toral Company and Sterling shorter pretext be quoted on application.
os termi
21ong Kong, 1 April, 2004.
HONG KONG SAVINGS BANK.
The Bistors of the shore Bank & conduct ed by the BONG RONG AND BIANGHAT DANKING CORPORATION.
chlained on application.
Auto 13
FOR THE HONO KOKO AND SANOHAL BANKING CORPORATION
V. M. QUITBURY,
Chlef Maniger.
Hong Kong. 5th February, 19
THE BANK OF EAST ASIA, LTD.
Authorised Capitel
Fulda Contal
Reserve and Undielird Trafita
16,000,000.00
.. 1,000,0 .....$2,454,000.00
HEAD OFFICE-HONA KONG
12. The Vs Trond Central.
BOARD OF DIRECTORM-
Mhow Chairs..
TA X Ch. Beq., P. R. Rrok. Tag. Wong Tun Tank. F. Chan 156 Sley,
Bang, Tag Wand Phu San. Eng. and
To, T
Άπτισης
Palatin
Famili
Celmutfa
Canton
Hankow
Kay Tour Pa, Esq., Chie! Maungst.
The Toup. Fing. Manseer.
Relphors
Honolulu
Kobe
Kowloon
Landen
BRANCHES AND AGENCIES:-
Also
Nacol
MADE Shanghal
New York
fingapore
Maka
Swnlow
1
Thin
Inngan
Fulgore
an Teanclar
Tathaku Tintain Tokyo
I
a Tin
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON.
Paid-up Capital
Reserve Fund
.£3,000,000 £3,000,000
Reserve Liability of Pro-
prietors
.£3,000,000
Agencies and Branches:
↑ Alor Star
Amrilass
Jodla Ipek
Rangoon
Balcon
Samarapt
Beremban Shanghai Fingapore
Sitiawan
Vanrosear Yokohama
Free Artion of Banking and Exchange) Loun pronted aù approved bts aboneted. +riti
∙Funglak Batavia Bombay
Calculia Canion
Cawnpore Cebu Colombe
Haiphong
Kanchi
Klang
Корм
Kusla
Kuching
Madra Manila
Belti
Hamborg
17ankow
Tierbik
Rooz Kong,
Medan New York
Pelping
(Peking)
Горвод
Kemirabaya
Talping
Tirh Tootha
[Bruker)
Taliso
Yokohama
Zamboang
Forslan Frchange and General Hanking balneu Transacted,
Current Auta opened and Hand Deposita reenlead for one year or shorter periodu ul rates which will be quoted on anglionilor,
W. HE THOMAS,
Acting Manager. Hong Kong, 20th February. 1934.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:--Hong Kong.
Authorised Capital
Paid-up Capital
Total Resources
$11,000,000 8,665,000 32,170,492
Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. Bankers: Lloyds Bank. Lid,
Banking Foreign Exchange and business of every discription trans- acted.
Current Accounts opened and Fixed one year or Deposits received for shorter periods at rates which will be quated on application.
Safe Deposit Boxes (various sizes) (for hire.
LOOK POONG KHAN,
Chiel Manager.
SAFETY FIRST!
To Safeguard Your Valuables and Jawelleries.
Deposit them
a Vault
that is really:
FIRE - PROOF BURGLAR-PROOF DAMP-PROOF !
You may
OUR SAFE DEPOSIT VAULT
on the Mezzanine Floor of located Our New bullding is Specially Con- structed to provide all of these Im- Iportant Qualities.
obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- ial
Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central.
THE
Acrogrid Spreet in Sacal Curren AMERICAN EXPRESS COMPANY,
and Deposits and sense aboneter periods in Lomni and Foreign
Currencia
on leron which will be usief en application.
Bale Depot Bars To Tel
EAN TONG 10,
INC.
Head Office:-65, Broadway, New York
Chief Manager,
Hong Kong. Juf March, 19Í,
Capital Surplus Reserves
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)
HEAD OFFICE:- Taipeh, Formoss Incorporated by Special Imperial
Charter, 1800.
Central Bank in Fore Nank-Notes rued Average amour!...Yen. 45,000,000 | On and after August 15th, 1933, thej rate of Interest on Special Current Deposit will be at 2% pa on daily! balance and the rate for balance over $10,000 will be quoted on application. (Maximum rate-1%).
TANDON BANKEKS:
Trolays Bank, Lid., Loyds Bank, Lid. Midland Bask, Lid.. Wratenipaine Book. Lad. Ta Bank has Correspondente in all the principal Commmail Centres throughout the world.
HONG KONG BRANCH.
K KAQUBA.
De Road Canta?. Hong Kong, December 24, 108).
Manager.
Aansterdam
Antwerp
Atheni
Karuan
Firala
Berlio
Then lay Brenin Bru Cairo Codrulta Слизе 1nabo Copeningea Dist Faustorg Tiener Grueva
$6,000,000.00 2,087,112,60 1,905,628.31
BRANCHES:---
Henna Gr Bavatio
jieunivers
Jinum
Ste Zerusalem London
kkam
Meal City Sher Xupirs
Pl
Pag
Pulmo Bedr
sanstal
thampton Singapore
din
Lueerim
LUVADO
I.
Mal
Treat
Heute Carlo
Vienne
!!anstln
Venice
Huseva
Volphinma Zurich
Branches of American Express Com- pany In Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal investment accounts
handled,
THE YOKOHAMA SPECIE BANK|_ The Company offers to intending
LIMITED.
Established 1980
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
Calentia
Canton
Dairen (Delay)
Nagasaki
Nagoya
New York
Osaka..
Paris
Pelping Rangoon
Fenrtien (Mukden) Rio de Janeiro
Hamburg
Hankow
Harbin
Hong Kong
Honolulu. Hsinking.
Karachi
Kobe
London
MON
· Angeles
SM Francisco
Sun
Seattle
Semarang Shanghai Singapore
Sourabaya Sydney Tlentam Tokyo Tangtan Yingkow
Euters allowed on cxrent do Mounts.
Deposits received for axed periods at mies to be obtained on application.
G. KISHINAME"
Hong Kong, 11th April, 1914.
Manager.
Travelers the use of its "Travelers Chequee" and Letters of Credit and, In addition, the world-wide servicsi of its thoroughly equipped Travel De partment.
C. II. BENSON,
General Manager.
YOU
ARE INVITED TO INSPECT OUR STOCK OF
ASIATIC, FOREIGN AND COLONIAL
POSTAGE STAMPS IN SETS, SINGLE, PACKETS, BAGS AND IN APPROVAL SHEETS.
GRACA & CO.,
Dealers in Postage Stamps,
· Philatelie Gooda Picture Postcards, Religions Goods, Garden Beeds, etc.
NO, 10, WYNDHAM STREET P..0. Bam., No. 43. HONG KONG,
THE CHINA MAIL, MONDAY, JUNE 11, 1934.
Commerce and Finance
LOCAL SHARES.
TO-DAY'S QUOTATIONS,
The following is the list of local share quotations issued to-day:
Banks,
H.K. Bank, $1840 b.
H.K. Bank (London), £180 n. Chartered Bank £161⁄4 n. Mercantile Bank, A. & B. £28 11. Mercantile Bank C. £15 n. Bank of East Asia, $93 s. Am: 0. Finance Corp., Sh. $20 China 0, Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 a.
Insurances.
Canton Ins., $300 n. Union Ins., 576 n.
China Underwriters, $1 n. China Fire Ina, $510 n. H.K. Fire Ins., $250 n. International Assce, 16 a
Shipping.
Douglas, $40 b.
H.K. Steamboats, 39 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $33 n. Shell (Bearer), 50/71⁄2 n. Union Waterboats, $11.10 n.
Mining.
Antamoks, 69 cts. n. Balatoes, $33% n. Bagula Gold, 33 cts. b. Benguets, 324 s.
Benguet Exploration, 20 eta. n. Benguet Goldfeld, 20 cts. . Big Wedge, 12 cts. n.
Gold Creek, $3.
Ipo Mining, $4 m. Itogons, $7 n.
Kailan, 20/-.
Langkats (Single) Sh. $18.
S'hai Exploration, Sh. $4.80 n. S'hai Loans. $54 n.
Raubs, $161⁄2 n.
Venx: Goldfield, $7 n.
Docks, etc.
H.K. Wharves, $106 b and sa. H.K. Docks, $15 n.
S. China Motors A, $2 n. S. China Motors B., $8 n. Providents (old), $1.85 n. Providents (now), 75 cts. n. Hongkews, (old) Sh. $305 n. Hongkews, (new) Sh. $300 n. New Engineerings, Sh. $5.20 n. Shanghai Docks, Sh. $133 n.
Cotton Mills.
Ewo Cottone, Sh. $11
D.
m.
S'hai Cottons (old), Sh. $72 n. S'hai Cottons (new), Sh. $42 n. Zoong Sings, Sh. $13 Wing On Textiles, Sh. $54 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.90 h.
H.K. Landa, 59 b.
S'hal Lands, Sh. $25 n, Metropolitan Lands, Sh. $14 n. Humphreys, $11.20 n.
H.K. Realties, $5.40. Asla Realties "A", Sh. $140. Asin Realties "B", Sh. $20 n. Chinese Estates, $80 n. China Realties, Sh. $15% n. China Debenture, Sh. $187 n.
Public Utilities.
H.K. Tramways, 21% b. Peak Trams (old), $15. Peak Trams (new), $7% n. Star Ferrles, $101'n.
Yaumati Ferries, $221⁄2 n. C. Lights (old) $8.70 b. C. Lights (new), $8.85 sa. H.K. Eléctrica, $721⁄4b, $723⁄44. Macao Electrics, $26 b. Sandakan Lights, $8 n. Telephone (old) $24% b. Telephones (new), $121⁄2 *. -China Buses Sh. $18.20 n
S'pore Tractions, 5/- : Singapore Pref., 16/10 n.
Industrials.
Malabon Sugars, $12 n. Cald: Macg. (ord), Sh. $21 a. Cald: Macg. (Pref.), Sh.$19. Canton Ices, $2.70 a. Cements, 24 b.
H. K. Ropes, $4.80 s.
Stores, etc.
Dairy Farms, 28 a Watsons, $64. Der. A. Wings, $1 n. Lane Crawforda, $4.80 n. Mackintoshs, $21 n. "Sinceres, $9% n.
Wm. Powells, 70 eta, ni Wing On (HK.) $102 n.
Miscellaneous. HK. Amusements, $4 n. Entertainments, $74 'n. 8.C.. Enterprises,' $11⁄2 ́n. United Theatres, 8h. $2 m. Macão "Greyhounds,”. $2 n. Constructions (old).1 b. Constructions" (new), 65 cts. b... Ch. Govt. 5% 1925, G Bands
87%%.
HK Govt Loans,
prem, b.-
Wallace Harpers, $8 Gold River, 28 n.
FIRMER TONE ON WALL STREET
Silver Steady But Quiet.
NO OUTSIDE INTEREST
New York, To-day.
NEW U.S. STEEL CODE MANCHESTER MARKET
IN FORCE
Amendments Effective From To-day.
NO SECRET PRICE-CUTTING
President Franklin D. Roosevelt has approved the amended code for the steel industry.'
REPORT
China Offers Continue Very Scarce.
· INDIA' BUYING MORE
Manchester, May 9.
During the past week prices have
tended to become firmer, but short-
NEW." ADVERTISEMENTS
NOTICE.
INLAND LOTS 807 & 808
THE ALBANY
that offers for the above pro-
HOSE interested are reminded
LINSTEAD & DAVIS,
Gloucester Building.
The code becomes effective from ly after Monday's re-opening at perty must be in the hands of the Liverpool A selling movement undersigned by NOON to-morrow, to-day.
brought about a decline. Generally |TUESDAY, 12th June. After affixing his signature to speaking trade, reports are more the code, President Roosevelt said encouraging though in some quar- he would undertake to provide, asters there is a feeling that un- occasions demand, for employees to favourable developments may occur The tons on the New York stock elect their own representatives for in the United States. The Inter- other national question continues to be a market appeared a little steadier collective bargaining and on Saturday, with bonds firm and mutual aid and protection. quiet. Silver prices were steady, but there was no outside interest.
Messrs. White, Weld and Com-] pany, the New York, brokers, through their local correspondents, Messrs. S. E. Levy and Company, state
"Stocks: With the probability of a settlement of the steel strike and of the early adjournment of Con-l gress. The market appears to have. less worry at present and we would therefore buy on minor recessions.
"Bonds: High-grade issues were firm and quiet. We expect prices
In the near future to be held down by the possibility of new is- sues. Second-grades continue to look up.
The code, in its revised form:
1. Contains no price or coat recovery-provisions.
2. Revises the basing point system.
8. Retains the eight-hour day, 40-hour week and the maximum alx-day work.
4. Forbids secret price-cutting.
LOCAL DOLLAR
STEADY.
Silver Prices Firm.
big factor and the forecasting of price movements becomes so much| guesswork.
There has been · more 'optimism in the cloth market than for some time back. The volume of enquiry has been above the average and a fair number of buying indications have been translated into actual ¡business. A noticeable feature in many instances has been the re- ¡quest for quotations on cloths that have not been bought for some time.
India has shared in this improve- ment and many houses have report- ed an increased number of cables. |Although some of the prices offered have been on a very low basia, a fair turnover. is reported. This
[cutta, and prints and dyes for cer- Silver prices also remained un-tain of the up-country outlets. "Rubber: Erratic. After a firm altered, closing at spot, 1934, and
Jaya And Straits Contracts opening, the market eased off
on forward, 19 13/16. week-end liquidation; however, we The London on New York cross-
Although offers for China have continue to recommend purchasco, rate, which closed on Friday at been very scarce, rather more anticipating a major upward move U.S.$6.06 closed on Saturday, at contracts have been arranged for shortly.
U.S.$6.06%, while the New Java and the Straits, chiefly in "Wheat: Prices are lower on pro-York on London rate, which closed printed and dyed goods. Enquiry fit-taking. We continue to believe at £-U.S.$5.06% on Friday, clos- from Egypt has led to the booking areled at £-U.S.$5.06% on Saturday, several lines of bleaching cloths, (though no large quantities have
been mentioned.
The local dollar has remained "Cotton: The market is firm and steady, opening on demand to-day has consisted of dhooties for Cal- our opinion of the situation is un-jat 1/5. |changed.
that purchases an set-backs justifiable."--Reuter.
LATEST QUOTATIONS
New York, June 10. The following quotations have been received by Messrs. S. Levy and Co., & the A.O.F.C.
March
New York Silver: July
September
October
There has been a little more en-
West E.quiry from
Africa, but nothing of any weight has develop- ed. Angola has taken small lots of Change a miscellaneous nature, but South 0,08 up
Africa has remained quiet. South 0.08 up
|American buyers have furnished rather more support in prints and |finishing cloths whilst heavy goodsį
have sold rother
the well for
45.44/45
0.09 up 45.60/60 -0.05/tup 45.71/71 0.11 up
June &
New York Cotton: July.
Closing
11.98/99
June 9. Opening
12,03/07
October
12.20/23
12.28/29
Closing 12.00/07 12.30/31
December
12.32/34
12.30/41 12.42/42
0.08 up
January
12.37/37
12.45/45
12.47/47
0.10 up
12.49/60
12.66/56
12.57/58
0.08 up
May (1935)-- d-- Spots ...
12.68/58 12.15
12.63/64
12.66/66 12.25
0.08 up
0.10 up
45.35/36
45.50/55
45.41/55 45.65/74
45.60/60
unquoted
45,90/81
45.90/00
46.10/40
60 contracts
13.62/69
13.64 bid
13.91/98
13.92/93
14.06/06
14.10/10
14.34/35
14.28/30
14.47/47
14.47/49
611 contracts
235 contracts *
97% 97%
993//101
December
January
March
Total sales:
New York Rubber: July
September....
October
December
January
Total sales
Chicago Wheat:
July
September
December Total sales:
July
45.85/46.00 unquoted 46.20/40
45.94/94
26.04/04
0.13 -up
0.14 up
46.25/40 unchanged
31 contracts
13.59/69 0.10 down
13.88/88
0.10 down
13.99/09
0.07 down
14.21/23
0.12 down
Dominions.
$10,000
for only a few cents a day. }
"ACCIDENTS
will happen, even-" YES, even YOU may be suddenly disabled or killed by an accident, even when you think you are safe in your own home.
Home 25%
Pedestrian Mishaps
17%
Automobiles 29%
Recreation 49%
The above percentages show that you are in more danger of an ac- eldent in your own home or on the sports field-than on the street. SICKNESS alan comes most un-
expectedly, and suddenly
YOU SHOULD BE FULLY PROTECTED by the “IDEAL" ACCIDENT AND HEALTH POLICY.
The Home Trade Section general- ASIA ly has only had a moderate weck. There has been a welcome expan-
Irued on behalf of the LIFE INSURANCE COMPANY -,
Delaware, U.S.A.
By the
sion in yarn enquiry and a much AMERICAN ASIATIC
improved turnover has resulted in both
American
counts.
and Egyptian
EXCHANGES.
TO-DAY'S QUOTATIONS.
14.35/85 0.12 down On London-
98/98% 034 up
98% 98% 101/1021⁄2 99/09% 0% up 101101 0% up 30,000,000 bushels
. 100% 100% 104/105 40,000,000 bushels
UNDERWRITERS
Head Office
17 the Bund,
Shanghai.
Fed. Inc. U.S.A.
H.E. Ofice
Ania Life
Building
Tel. 80284
PREMIUM ACCORDING TO OCCUPATION.
T.T.
1/5
On demand
1/5
Four months sight 1/5% Credits 4 months'
BETTER be SAFE than SORRY
sight
1/5%-
On New York--
On demand
85%
New York Sik: July
1.22/22
market
September
1.23/23/2
cloned
Credits 60 days'
aight
37
On Batavia-
On Paris-
December
1.23/28/2
to-day.
On demand ...
62
On demand
64214
Winnipeg Wheat:
On Saigon---
Credits 4 months'
On demand
544
77%
77%
unchanged
aight
582
October
79%
79
On Bangkok--
0% up
On India-
On demand
180%
December
8034
T.T.
94%
New York Sugar:
Bovereigns bank buy-
On demand
94%
ing rate
1/5%
July
1.54
(On Shanghai
Bar Silver per oz.
19
September
1.61
On demand
109
Bar Silver in Hong
1.71.
От Јарап:-
Kong..
FLOTIL
On demand
119
On Manila.
Copper Cash
Rom.
Copper Cents
1% prem
On demand
71%
On demand... 60
December
market
closed
to-day.
· REUTERS COMMODITY COMMENTS. Cotton: Firm and fairly active on improved buying, influenced by unfavourable Eastern Belt forecast and favourable conditions in the dry goods, market,
Silver: Steady.
Wheat: Advanced on the Government report being construced bullish and on reported crop damage.-Renter.
"JUSTICE AND PEACE."
Bishop Hall's Sermon At St. John's Cathedral.
"Peace and Justice" was the sub- Ject dealt with by the Right. Rev. Ronald Hall, Bishop of Hong Kong, in his sermon at St. John's Cathe dral yesterday.
MACKINTOSH'S 21ST ANNIVERSARY
Solid British Business Enterprise.
Started by Mr. F. A. Mackintosh, with the assistance of one coolle, on June 18, 1913, the firm of Mackin- tosh and Co., Ltd., attains it's ma- jority on Wednesday,
Going on from the subject of Religion and Patriotism to their next step, Peace and Justice, and in
This well-known gentlemen's opt- urging a wider and more common sitting and tailoring business has view of these ideals, Bishop Hall said that their true meaning had made considerable progress since not yet been realised or achieved.
the day it opened at No. 16, Des The Bishop also defended the in-Voeux Road Central, the present up- tercat taken by leading churchmen to-date premises in Alexander 38% la matters political economic and Building, with a staff of six, being
defended it on the ground that,
Christianity should eventually, lead a sure sign of sound and solid Bri- to a solution of the problems of cor-tish business enterprise. porate living,
On Singapore...
Rate of Native Interest 3% pa.
Chinese Sub, Cofn ... 81% din Hong Kong Sub, Cola par.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON. COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE
CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK
7 ICE HOUSE STREET, HONG KONG
Tel: 30101 and 30108
Tel-Address:-Balco