BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Amabasiand Capitalaktama
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Lamand and Polly Puidup ............ 20,260,000 Incorporated by Royal Charter, 1858.
Mera Funda-
Bring
Birat
2,50,000 sto.cou
Bares estality of kropletára 20,000,000
HEAD OPPICE: HONGKONG,
BOARD OF INSECTORS ior. Av. C. L. 8. Mackin
Chairman,
H. Dodwell, Esq.
HEAD OFFICE: LONDON
Paid-up Capital
.£3,000,000
Rezerve Fand
£3,000,000
Reserve Liability of Pro-
prietora
£3,000,000
Agencies and Branches:
Aloe Fre
Follo
Ainfitur
!pob
Rangoon Hels
| Bangkok
Kanehi
1 etarle
Klang
Bersarang Here
A. H. Horrison, Laq,
Elambay
Robe
Shanghai
Caleste
KHA
Kingapore
Catios
Bungur
-Hillswen
Cawnpore
Kuching
fourabaya
Lebi
Windros
Colombe
Matri
Isiping Thenido
Dalki
Medan
Tongka
iniphong
New York
Hambur
Feiping
Santo
(Peking}
Harbin
Devy Charmed.
Bom, Ahr. 39, H. Bell,
A. II. Campion, You
WI. Keowee, Eej 0.0. Rought, Kay.
AMOT
BANGKOK
BATAVIA
GALLITA CANDIN CHEFOO COLUMBO DAIKEN
YOU W HALIONG FLAMUR JANKOW
HARBIN
MONOKEW
ILOILO
WH
BIHORE
RODE
KOWLOON
G. Miskin, Zaq,
T. 2. Fearon, Eng
V. st. Orayburn. Esz.
Chief Mar.
BRANCHES:-
LONIES
המניל.
JALALCA
PADULA
JGAR (Johor)
BCKDEN
NEW YORK
PEIPING
PESANU BANODON
SANION
SAN FRANCISCO
KUALA LUMPUR
SHAKURAA
NESUAPOILE
NOURABAYA
SUNGEL PATANI TIENTSIN
TOKYO
TSIMITAD
YOKOHAMA
Current Asunta opened in Local Curernes mad Fited Depontia foceived for 'oun game of samt pariskt Lomal Company and dietilag tom which asi be quoted in application. Hong Konsa, ta April, 1954,
HONG KONG SAVINGS BANK.
Bustorm of the shore Bank is conduel-
by the UNO KONG AND HEANGULAT BANKING COISTUBA EION,
phlavani na application.
Rules 122,7
B
FAR THE MOND ROAD AND SHANGHAI BANKING CORPORATION
5. 11. ORAFBURY,
Chief Mager.
Konth February, 1984.
THE BANK OF EAST ASIA, LTD.
Ad Capitat But Cap
10,500,000,00
Bra Undivided Pro 42,184,CM.NI
READ OFFICE:-HONG KONG
12. Due Your sd Central,
BOARD OF DIRECTORS:-
blow Chow, Chairma
Li Roon Chan, Eng. 1. K. Kwob, Eng Meg, E. Wong Chu Fon, Eeg. and Bas P Par
Kam Tung Tu. Ken. Chlaf Manager.
1 Ton Fang, Ewj, Manager,
DRASCHES AND AGENCIES:-
مانی
Melbourne
Semarang Shanghai Bingapoes bisitabays
5valom
A
Kanttle
Ba
Ey
Bagmati
Calques
New York
L'esta
Bunke
Varia
Bank
Priping
shoaisla hu
Pave
Bangoon
Tientela
Kow
Saigon
Tokyo
Han Franciaco
Luahan
Sydary
Talbain
Vabcoater Yokakoo
Every dearriton of flanking sed
Hong forg
Teneur
(uk) Tuingras Yokoham Zamboduga
Foreign Exchsage and Jansral Banking business Iranciod.
Curtout Aemula oped and Fixed Depoelte received for a year or shorter portada a zalue: which will be quoted an application,
W. H. E. THOMAS,
Acting Managor. 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 8,655,000 -32,170,492
Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking business of every discription trans- acted.
Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various elzes) for hire.
LOOK POONG GIAN,
Chief Manager.
SAFETY FIRST!
To Safeguard Your Valuablen and Jewelleries, Deposit them in a Vault
that is really: FIRE-PROOF BURGLAR-PROOF DAMP - PROOF!
OUR SAFE DEPOSIT VAULT located
on the Mezzanine Floor of Wont Our Now building is Specially Con- ist structed to provide all of these Im-
portant Qualitics.
You may obtain a Safe Deposit Bax in this most up-to-date Vault for your own use at a very moderate Ren- tal.
Ispection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Tee House Street and Des Voeux Road, Central.
THE
Exoba AMERICAN EXPRESS COMPANY,
led. Loman grated on approved |
Accura
Current Areaunts apexed in Toul Currancy;
Pined Deppele received for ou
piods in Foal and Forsign Currencie Larms which will be quased on application.
Date Depan Suara To L
KAN TONG 2,
INC.
Head Office:-65, Broadway, -
New York
Chief Manager,
Hou oog let March, 18.
Capital
THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)
Surplus Reserves
Have
Heidelberg
$6,000,000,00 2,087,112.60 1,995,628.81
BRANCHES:--
Amaterdra
Antwerp
Ünos
Hilata
B1AW
Xirs
Athens
The Hague
Naple
Asia
Piranes
HEAD OFFICE:— Taipeh, Formora Incorporated by Special Imperial
Charter, 1899.
Deale Barlis
Hamburg
Puzia
Havi
Bombay
Bratzen
Brussia
Cairo
Calcutta
Capof Columbo Copephagea Jublis Edinburgh Plocroes GALLATI
·
Luior
Central Deak in Formos Back-Notes Jamad Average amount...Fan. 44,000,000, On and after August 15th, 1998, the: raio of Interest on Special Current Deposit will be at 2% p.a. on daily! balance and the rate for balance over $10,000 will be quoted on application.
Maximum rate-14%).
LONDON BANKERS;
Barclays Bank, Lid., Lloyds Bank, Lid, Midland Dank, Ltd., Westeninator Bank, Lid.
The Bank has Correspondents in all the principal Conmarial Cantree throughout the world,
Y. OHNO,
11ONG KONG BRANCH:
9. Dos Your Road Central,
Hong Kong, December 24, 1931,
• Manager.
taleriakeu Jerniano Landos
1.57
Lucern
Lugano
Mersailles
Monte Carlo
Manila
Monich
Stontreur
Pripior Polecu Rotterdam Remer Stanghal Southampton Singapor Tinatain Twarmina
Vienos Vent
Чокобаси 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 accounta handled.
The Company offers to intendiag Travellers the use of its "Travelors
THE YOKOHAMA SPECIE BANK Cheques" and, Letters of Credit and,
LIMITED.
Established 1880
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
Dairen (Dalny)
Nagasaki Nagoya
New York Osaka
Paris
Rangoon
Fengtien (Mukden) Rio de Janeiro
Hamburg.
Hankow
Harbin
Hồng Kong
Honolulu
Fsinking Kobo London
Karachi
San Francisco Seattle
marang
Singapore
Soerabaya
Sydney Tientaln
Tokyo
Los Angeles Manila
Tsingtan
Yingkow
Mol
Caterme allowed an Czṛent Ax-
Deposits „zeceived for - fixed, perioda
as rates to be obtained on application.
G. KISHINAMI
Kinng Kong, 11th Apr0, 1981-
in addition, the, world-wide services of its thoroughly equipped Travel De- ipartiment.
C. A. BENSON,
General Manager,
THE CHINA MAIL, THURSDAY, AUGUST 2, 1934.
and
Commerce
Finance..
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
NEW YORK STOCK EXCHANGE
The following is the list of localS. E. Levy And Co. And share quotations issued to-day:
Banks,
H.K. Bank, $1815 6.
:
H.K. Bank (London). $134 n. Chartered Bank £15% n. Mercantile Bank, A. & B £31 u. Mercantile Bank C, 13% n. Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 ¤. Chian O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $6.
Insurances,
Canton Ins, $288 b. Union Ins., $550 b.
China Underwriters, $1.30 b. China Fire Ina., 8510 n. H.K. Fire Ins. $250 n. International Assce. $6 m.
Shipping. Douglasea, 340.65 b., $4 n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $33 .. Shell (Bearer), $45/7 n. Union Waterboats, $134 b.
Mining. Antamoks, 59 cts. sa. Balatocs, 335 b. Baguio Gold, 45 cts. b.
A.O.F.C. Quotations.
WALL STREET
CLOSES ON
FIRM TONE
LOW VOLUME OF BUSINESS.
SILVER MARKET STEADY
New York, To-day.
NEW ADVERTISEMENTS
NOTICE.
VICTORIA RECREATION CLUB.
HE Night Fete open to
Tmembers and friends will be
held at the club on SATURDAY,
J. M. M. ALVES,
Secretary.
G
PUBLIC AUCTION,
་་
the by Publie Auction
Weather permitting. Dance Music AUGUST 4, 1934, at 9.15 p.m. PARTICULARS & CONDITIONS The market closed on a firm will be provided by "Fred and his to be held on TUESDAY, the 7th tone yesterday. Industrials and | pala." rails were up 2.52 and 1.07 to 90.- 57 and 35.75, respectively, while New York, Yesterday. utilities and bonds advanced .63 The following quotations from New and 23 to 20.53 and 95.65, res York have been received by Mesare pectively. The commodity index S. E. Levy and the American Oriental Finance Corporation,
improved .79 to 60.39.
The silver market was quiet and steady,
Last
Close Opening Nooa
¡N. Y1/-
London Cotton Oct..
Dec. Silver Sept...
Déc.
40.00 46,44 40.70
5.03% 6.08% 6.03 13.06 13.04 13.00 13.16 13.15 13.19 46.70 46.90 BID
Slik Dec..... 1.01% Rubber Sept. 14.70
Dec.
C. Wheat
Sept.
Dec.
C. Corn Sept.
Des.
W. Wheat Oct.
STOCKS:- Amer. Smelt Ana Copper
El Bo & SH
Gen Motors..
15.10
}}} |}༑}lnༀËམོོ}}ཚོj」༼⌘ཚོ
S. E. Levy And Company's Report In their market report. Messrs. S. E. Levy and Company, corres pondents for Messrs. White, Weld land Company, New York state:
"Stocks:The firmness of the 1.01b market to-day was not altogether impressive in view of the low volume of business. Many buyera 1.01% are attempting to discount tha 1.03% possibility of inflationary action
14.62 15.00
887%
by the President
SAILING NOTICE.
S.S. "PRESIDENT HOOVER” will arrive to-night
at 8 p.m. and will sail for MANILA
at 4 A.M. on August 3
Canadian nickel production dur-
day of August, 1934, at 3 p.m. af the Offices of the Public Works De- partment, by Order of His Excellency, the Governor of one Lot of Crown Land at Repulse Bay Road in the Co- lony of Hong Kong for a term of 75 years, with the option of renewal at a Crown Rent to be fixed by the Burveyor of His Majesty the King, for one further term of 75 years.
PARTICULARS OF THE LOT.
Baral Building Lot
Repulse Bay Bozd.
No. of Bale.
Registry Ko.
Locality.
'Boundary Merementa
N. B
fathe
About
As per sale: plaa. 17,200 1985
Upset Price,
on his return, ing May totalled 10,034,000 lbs, as 71 We doubt, however, if the Govern- compared with 6,481,000 lbs. last ment policies towards counter-year, For the five months ended acting the business recession are May 31, the production was 49,- 33% likely to evolve for some time to 1982.000 lbs. as compared with
We would recommend the 14,667,000 lbs. for the correspon->=>=<> 18 come.
1.00% 1.02-
60
71
72% --- 874
32
10%
8.11
Auburn
17
Balt & Ohio
15
ཁ་
J. 1. Case
58
38%
Can Gay N.Y.
27
28
Du Pont
....
857%
jawait developments.
87
15% accepting of trading profits on this ding period of last year.-Reuter. 39% rally and then standing aside to
E. A. Pierce Co.'s Report We would In their market report,
the.
11%
gone.
27
B
9
Me Intyre
454-
46%
Mont Ward
23
Nat Distill
N.Y. Centra! Soc-Vacuum
17% 20
13%
14
Stan Oil NJ.
413
41%
Un Aircraft.. [US Steel
14
15
.... 34 West E & M
29%
London Prices.·
The following quotations from Lon-
Benguet Consolidated $40 h. Benguet Exploration 19 cta. u. Benguet Goldfield, 20 cts. n.
Big Wedge, 12 ets. n.
Gold Creek, $2 n.
Ipo Mining $2% b. Itogons $5 a.
Kailan, $19/3 n.
Langkats (Single) Sh. $21 n.
S'hai Exploration, Sh. $5 n. S'hai Loans, $81% n Raubs, $13.20 b. Venx: Goldfield, 37 m.
Docks, etc.
H.K. Wharves, $112 b. H.K. Docks, $13 b. Providents (old) $1.65 b. Providents (new), $50 cts, n. Hongkews, (old) Sh. $312% n. Hangkews, (new) Sh. $310 n. New Engineeringe, Sh. $5 n. S'hai Docks, Sh. $1251⁄2 n.
Cotton Mills. Ewos Cottons, Sh. $11.30 n. S'hai Cottons (old), Sh. $73% S'hai Cottons (new), Sh. $43 n. Zoong Sings, Sh. $11 a. Wing On Textiles, Sh.$63 m.
Lands, Hotels, etc.
H. and S. Hotels, $5.70 b. H.K. Lands. $574 b.
S'hai Lands, Sh. $25% . Metropolitan Lands, Sh. $14 n. Humphreys, $10.40. b.
H.K. Renities, $51⁄2 n.
Asia Realties "A", Sh. $140 n. Asia Realties "I" Sh.$20 n. Chinese Estates, $85 b.
China Realties. Sh. 15% B. China Debentures, Sh. $137 n. Public Utilitles,
ין
H.K. Tramways, $21.35 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102 n. Yaumati Ferrien, $21 b. C. Light (old) $8.85 b. C. Light (naw) $8.45 b. H.K. Electrics, $71% b. Macao Electrics, $25 a. Sandakan Lights, $8 n. Telephone (old) $25. s. Telephone (new) $11.90 n. China. Buses Sh. $18.20 n.
Singapore Prof., $17/6 b. S'pore Tractions, $5/- p.
Industrials.
Malabon Sugars, $11 n.
Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pruf.), Sh.$18n. Canton Ices, $2.70 n. Cemerits, $2.67% b. H.K. Ropes, $4.60 n.
Stores, etc.
Is It Insured?? Dairy Farma, 825.80 b.
Insurance - All Classes. LOWEST RATES-
American Asiatic Underw
Fed. Inc., U.S.A. General Agents
Head Office
17, The Bund,
Shanghai.
Ania Life Building
Tel: 30234.
ob Printing
PLASONABLE
MNES
-THE" NEWSPAPER, INTERP)
Watsons, $5,65 b.
Der. A. Wings, $1 n.
Lane, Crawfords, $4.50 n. Mackintoshs, $21_n.
Sinceres, $10 n.
Wm. Fowella, 70:cts, a Wing On (HK) $108 n.'
Miscellaneous. * H.K. Amusements, $4-n Entertainments, $7 n. S.C. Enterprises, $1. b. United Theatres, Sh. 82 n.1 Macao "Greyhounds," $2 n. Constructions (old) $155-b.. Constructions (new), 78 cts: b H.K. Govt. Loans, 84% prem. b
Ex. Inte
Wallace Harpers, $7 n. Oh Govt 5% 1925 GRBI-
$85%**
Gold River, 24 cts. ni.
.
Int Tel &
Tel
11% continue, nevertheless, to favour American Oriental Finance Cor- 27% the purchase of inflationary issue poration, correspondents for Messrs.
on any good weakness.
E. A. Pierce and Company, New issues York, state:*
"Bonds: High-grade
231 have a better undertone and prices "Stocks: The tone of the market 20% are slightly higher. Second-seems to be much better. 20% grades are also better.
Any de- finite news which could be inter- "Cotton:-The market is quiet preted constructively might easily and there has been but little out lead to a substantial extension of 35 side interest. Some easing of the rally. Inflation talk is heard. 30% commitments was noticeable, pcnd-
"Wheat: Corn is strong in aym- ing the issuance of the Govern-pathy with foreign markets. Un- ment crop report.
favourable crop reports from Aus- "Rubber:-Prices are steady, tralia and Canada and expectations
don were received last night between Towards the afternoon, the market of bullish private estimates to-mor 6.30 p.m. and 10.30 p.m.
London Silver:-
Silver Spot 20-5/16 (last close), buying. 20-7/16
(lust record),
firmed up on renewed speculative row were the principal influences in We would recommend the market. Sizeable profit-taking 1/8d up purchases on any dips.
was well absorbed.-
"Cotton: The market was moder-
{(change).
Silver Forward 2-3/8 (last close), ₤20-1/2 (That
record),
1/8d
(change).
"Wheat: Strong cables from
up aboard and a better Winnipeg ex-ately, bullish. The weekly weather port demand combined with ex-review gives no rains in the Weat Cold 138/ (last close), 139/1 (last pectation of bullish private record), 1/28 up (change).
ea-which inspired enough buying to
London/New York Rate 6.08-5/8 timates of the corn crop to-morrow set-off hedging and realising. (last close). 5.03-7/16 (last record), promoted broader buying of all 3/18 down (change).
Liverpool Cotton-Oct 6.87 (last. close), 6.81 (last record). 06 down (change).
[grains." -
Night Telegram ·
"Silver: Offerings increase on the advance and there is no indication The following telegrams were liquidate their positions. Out of a on the part of long holders to Liverpool Wheat-Oet, 5/8 flast received during the night. close), 5/9
total of 17 lota, eleven were taken (last record). Id up)
Favourable factors (change).
before the for Control account. London Rubber-Oct.-Dec.
opening of the market: 7-1/4 (last close), 7-1/4 (last record), un that there is a good volume of for-charges.
It is reported in Wall Street mitments can be switched without "Grain: Old and new crop com- changed (change).
London
"The Standard Oil Company of There is much California has declared a payment talk in Wall, Street that the In-of 81 cents per share for the second America and India bought China crease its dividend to 15 cents per
ternational Nickel Corp. will in-quarter of the year. bought and sold. Market steady.
Rubber-Oct-Dec.
7.8/8 eign buying orders just under (last close); 7/8. (last record), un-market prices. changed (change).
London Silver Report
A forecast from London on the prob-share quarterly. able opening trend of the New York markets stated-
"United Gas Improvement earn- ings amount to $1.22 por share for Unfavourable factors were: The for the past twelve months. Acti- absence of any stimulating news.vity is increasing, with better ser-
Owing to a less pessimistic senti- ment in London regarding events in Carloadings estimates are around vice and the execution of new con- Europe, we expect Wall Street to re- 615,000 tons, showing, another detracts." adt in sympathy, with firmer open-cline as compared with last year.
ing.
Stocks: The market is steady Cotton prices are expected to open with fractional gains predominat- easier on more favourable weather, apart from the Western Belt.
ing. A moderate extension of The wheat market is expected to yesterday's late rally seems in- open irregular and possibly higher.
cxling is expected pending some clari- dicated, but continued timid trad-
ification of the Antumn business
outlook..
Other commodity markets are pected to open slightly lower.
LOCAL DOLLAR ADVANCES.
Silver Prices Improve.
The local dollar has ad- vanced, apening on demand this morning at 1/5%.
Daily average Pétroleum pro- duction i8 2,547,000 barrels. Electricity production for the week amounted to 1,684,000,000 KW.
hours, an increase of 1.03 per cent.
over last year.
The Iron Age Magazine, roports Steel production at 26.0 per cent. of capacity. Negative Influences Spot and forward silver prices the recession during July aven continue in the ascendancy with have advanced, closing prices sharper than had been expected yesterday being 20 7/16 and 20%. It is now clear to what extent the [respectively.
second-quarter profited at the ex- The London on New York cross pense of the third-quarter, but rate, which closed on Tuesday at mills are less concerned with the
-U.S.$5.03%, close yesterday at decline in output. -U.S.$5.03%, while the New Inland. Steel has declared York on London rate closed at dividend of 25 cents per share. -U.S.$5.034, as compared with This is the first dividend since -U.S.$5.08% on Tuesday. 'March, 1932.
Capital
Reserve Fund.
Deposita:
Current
a
(Continued on Page 7),
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
START NOW UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC.
Asia Life Building,
Hong Kong.
Tel. 80284
BXSXSXSXK
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. 80101' and 30108
Tel. Address Salco
BANK LTD.
THE
SHANGHAI COMMERCIAL
& SAVINGS SAVINGS DEPARTMENT CONDENSED BALANCE SHEET AS AT 30TH JUNE, 1934.
LIABILITIES
ASSETS.
500,000,00 600,000.00.
Cash:
In Hand
$29,772,638.60
8,382,323,32
28,134,961,9
443,493,01
At Commercial Department †lavestment at Book` Value ?Loans Becared".
204,54542,
-135.630.94
Accrued Interest Rételvable- Accounts"- En Route
$40,016,037,05**
Fixed.
| Gift› Bonds (Savings Certificates)
Accrued. Interest. Payable
Net Profit for the Half Year
$4,440,207,28 9,009,994.96
$13,450,202.24 $71,707,322.30
·÷14,303,033.59′′).
269,498.40 146,69047:*
$40,016,637.09
The publication of the Financial Condition of our Savings Department every quarter is made statutory by ; the Ministry of Finance of the National Government of China,
"HONG KONG BRANCH: No. 7, ICE HOUSE STREET.
PHONES: 31481-82-83...