BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
...............$00.000,000
Lutherived Capitat Lownd and Fully Patdup,mman Esserre Punde 1 —.
Herling EMOTEM £ €1,500,000
Mi $10,000,000
20.000.000
Berro Liability of Proprieto$30,000,00
HEAD OFFICE: HONGKONG.
BOARD OF DIRECTORS,
Hon. Mr. 6.0, 3. Mackle
* Chalen,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Paid-up Capital
......£3,000,000 ....£3,000,000
Reserve Liability of Pro-
Ветеран Beremban
Reserve Fund
prietors
...£3,000,000
Agencies and Branches:
Alos Star
follo
Itwagona
8. i, Doder, Bay,
Amritsar
Ipoh
Bakon
Deputy ChairmaU.
Bangkok
Karachi
Hon. Mr. W. I. Ball. A. Compton, Yuq. 1.2. Kecwirk, Taqi DO. Knight. Bay.
4. Stinkin, Eg.'
[IMISTIA
6. S. Morris, Bog.
Поливат
Robe
T. E. Penson, Ray
Calcutta
Kuala
Singapor
Cantoo
Lumpur
Skil
Cawnpore
Ceba
Kuching Mastran
Bouras
Talpin
Colombe
Manila
Tienin
Delhi
Medan
Tongkah
Halphong
New You
*(bwkw)
Hambur
Pelpl
Islaytwa
Hankow
(Peking)
Yokohama
AMOY ДАНОКОК DATAVIA
DOMBAY
CALCUTTA CANTON CHEFOO COLOMBO
WAIPHONG
DAIREN
FOOCHOW
HAMBURO
HANKOW
HARDIN
HONGKEW
ILOILO
JOHORE
IPONI
XODE
KOWLOON
V. N. Grayburn, Esq.
Chial Muanger.
BRANCHES-
LAINDOB
LYOND
MALACCA
MANILA
39331 (Johore)
MURDEN
NEW YOUR
PEIPINO
PENANG
RANBOON
NAIUON
SAS PBANCINCO
KUALA LUMPUR
SHANGHAI
SINGAPORE
SCHURABAYA
SUSOEF PATANI
TIENTSIN
TURY
TNINUTAO
YOKOHAMA
Current Accouna opound in Local Currency
and Fixed Deposits rowired for one four aborter periods in Local Company and Sterling
so letme which will be quoted on application. Hong R. 10ck April, 1934.
Shanghal
Zamboanga
Kong Foreign Exchange and General Banking busine transacted,
Current Account opend and Fixed Depoelle ¡Medrið for, onu year or shorter perioda al "zatos
wkich will be quoted on appliesfon.
W. H. E. 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 8,656,000 32,170,492
Branches: Canton, Talahan, Shanghal, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking
HONG KONG SAVINGS BANK. business of every discription trans-
The Business of the shore Bank is conduet. by HOND KONG AND SBANDHA BANKING CORPORATION.
obtained on application.
Rules an
FOR THE HONG KONG AND BILANGNAL DANHIEU CORPORATION
V. 3. GRATOURN,
Chiel Manager.
Hong Bour, 26th February, 1981.
THE BANK OF EAST ASIA, LTD.
Authorised Capital ........ Fald-up Capital
$10,800,000.00 $2,454,000.00
Beers and Undivided Frosts
HEAD OFFICE-HONG KONG
18, Dee Vaux Hol Central,
BOARD OF DIRECTORS:-
Sir Bhoon Chow, Chalema
Woog
El Yoon Chua, Eg, R. Koh, E, Zun Tong. Eng., Clisa Cising Fhok, Esq. Sang, Esq., Wong Chu Son, Eng, and Fan Ylog
Ps. Zeg.
Kan Toug Co. Eng.. Chis! Manager. 11 Tre Fong, Eng. Manger.
BRANCHES AND AGENCIES-
Amoy
Bombay Calcutta Caston Balytong
Manila Muitourne Saraki
Foxitle
Kemming
New York
Parli
Slagspora Gourabaya Bato
Hankow Boaoitlu Kobe Kowloon Loudon
Priplog
tydwey
Talboty
Penang
Rangoon
Tientalo
Heig
Tokyo
San Francisc
Vancouver Yokokatza
E description of Banking and Exchange
in transacted.
ascultive.
Qurrent
acted.
Current Accounts opened and Fixed Deposits reserved for one year or horter periods at rates which will be quoted on application,
Safe Deposit Boxes (various sizes); {for hire.
LOGE POONG LEAK,
Chief Magát.
SAFETY FIRST ! To Safeguard Your Valuables 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 Our New building is Specially Con- structed to provide all of these Im- portant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren. Ital
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central.
THE
THE CHINA MAIL, THURSDAY, AUGUST 16, 1934.
Commerce and Finance
LOCAL SHARES.
TO-DAY'S QUOTATIONS. The following is the list of local share quotations issued to-day:
Banks.
I.K. Bank, $1715 b.
H.K. Bank (London), 21841⁄2 Chartered Bank £154 n. Mercantilo Bank, A. & B £31 m. Mercantile Bank C, 518% n Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 n. China 0. Fin. Ord,, Sh. $4 n. China O.. Fin. Pref. Sh: $5 n.
Insurances.
Canton Ins., $290 n. Union Ins., $5871⁄2 8.
China Underwriters, $1.30 n. China Fire Ins., $510 n. H.K. Fire Ina, $260 n.
Shipping,
Douglases. $40.65 m. H.K. Steamboats, 37 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $33 m. Shell (Bearer), $47/8 n. Union Water oats, $18% n.
Mining.
Antamoks, 69 ets. n. Balatoca, $36% n. Baguio Gold. 44 cts. n. Benguet consolidated $40 n. Benguet Exploration 19 cta. n, Bonguet Goldfield, 20 cta. B. Big Wedge, -12 cts. n. Gold Creek, $2 n.
Gold River, 24 cts. n. Ipo Mining $21⁄2 b. Itogons $5 d.
∙Kailan, 28/11⁄2 n.
Langkata (Single) Sh. $21 n. S'hai Exploration, Sh. $5 m. S'hai Loans, $61⁄2 n. Raubs, $18.40 n. Venx: Goldfield, $7 n.
Docks, etc. H.K. Wharves, 3113 n. H.K. Docks, $14 b. Providents (old), $1.60 h. Providents (now), $50 cts. n. Hongkowe, (old) Sh. $3121⁄2 n. Hongkows, (new) Sh. $810 m. *New Engineeringa, Sh. 85 n.
-S'bai Docks, 'Sh. $118 n.
Cotton Mille "Ewos Cottone,' Sh. $10.95 b.
Loque granted in approv AMERICAN EXPRESS COMPANY, S'hai Cottons (old), Sh. $781⁄4 n.
Accounts opened In
La Gurney
and Fixed Deposita reclved for our your or shorter periods a Local and Forelan Currencies storms which will be quoted on application.
Bale Depolt Joxes To Let
KAN TONG P
Houg Kong, lai March, 1954,
Chief Menager.
THE BANK OF TAIWAN, LTD.
Head Office:-Talheku, Formoan, Incorporated in Japan by Spocial Imperial Charter, 1899.
Central Bank of Formosa, Notes
Issued Average amount Y.46,000,000
Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko hama, Keelung, Makong, Nanto, Shoka, Sinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen. China:Amoy, Canton, Foochow, Han,
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
INC.
Head lice:-65, Broadway, New York
Capital Surplus Reserves
$8,000,000.00 2,087,119.80 1,995,526.81
BRANCHES:
Amelorda
Genom
Antwerp
alman
Atilan Nies
Albena
The Hague
Haplos
Assas
Buite
Bertio
Bombay
Bremen
Brussel
Calcutta
Cairo
Cance Colombo Copenhage
HAVANE Hamburg Havre Heidelberg Vaterlaken Jerusalem Lendon
Pink
Parin
Peipin
Palerma
ilverpral
Dublin Edinburgh Florezon
Lucerile Logsta Lukor Martellbes
Bianlia
Muntah
Renzed R_ abigha Basthampto Singap Tinklu Thorina Vienna Monte Carlo Vezice
Tokobards Zurich.
Montreux
On and after April 20th, 1984, the Branches of American Express Cam- rate of Interest on Special Current pany in Principal cities of United Deposit will be at 14% p.. on daily States of America and Canada. balance, and the rate for balance over
All classes of Commercial Banking $10,000 will be quoted on application Transactions undertaken. (Maximum rate-1).
OHNO, Manager handled,
Personal investment accounts
Hong Kong Branch (
3, Des Voeux Road, Central,
The Company offers to intending Travellers the use of its "Travelers
THE YOKOHAMA SPECIE BANK Cheques" and Letters of Credit and
*LIMITED.
Established. 1880
Capital (fully paid-up) Yen.100,000,000 Yen.122,750,000 Beserve Fund
Head Offres-YOKOHAMA
Branchea and Agencies at: Alexandris
Batavia
Berlin
Nagasak Nagoya New-York
Osaka
Parl
Peiping
Canton (Delay)
Bombay Calcutta
-Rangoon Dairen Fengtion (Mukden) Rio de Janeiro Hamburg
*Son Hankow Harbin
Hour Eonr
Honolulu
Hainking
Karachi
London
Kobe
“Angeles"
Manis
Mostek!
·Incarest
allowed
1
Semarang Shanghai Hingapore Soerabaya
Deposits, received for
zares to be obtained on CAKISHT
How Kong 11th Apri
in addition, the world-wide services of its thoroughly equipped Craval De partment.
`C. H. BENSON,
General Manager.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED-
(Incorporated in China) vợ
26,000,000.
Capital paid up Reserves.............$7,000,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $800,000; Head. Once Shanghai
A Bank having as its mission the Industrial development of China and the fostering of her commer cial relations abroad.
Hong Kong office-7: Ice House 82. Phone 31491-2-3 R
HOUSING LENDING CAMPAIGN
S'hai Cottons (new), Sh. $48 Zoong Sings, Sh. $111⁄2 ¤. Wing On Textiles, Sh.$68 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.65 n. HK, Lande, 35284 5. S'haf Lands, Sh. $25 n. Metropolitan Lands, Sh. 314 m. Humphreys, $10.40 n.
H.K. Realties, $6% n. Asia Realties "A”, Sh. #140 m. Asia Realties. "B" Sh.820 r. Chinese Estates," $85 b. China Realties. Sh. $15. China Debenture, Sh, $187 n.
Public Utilities.. H.K. Tramways, $21.10 b. Peak Trams (old), $15 n..:: Peak Trains (new), $7 n. Star Ferries, $102.. Yaumati Ferries, 321%. n.
C. Light (old) $8.90.8.
C. Light (new) 28.30 b. H.K. Electrica, 8713⁄41⁄4 ̄b. € Macao Electrics, $25 n.... Sandakan Lights, 38 n. Telephone (old) $241⁄2 6: Telephone (new): $11.80 n. China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref. 177 b.
Industrials.
Malabon Sugars, $11
Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Prof.), Sh.819n. Canton Ices, $2.70 m. "Cements, $2.55 m. H.K. Ropes, $4.60
Stores, etc Dairy Farms, $25% n. Watsons, $5.67 b Der A Wings, $1 .. Lane, Crawfords, $4.80 n. Mackintosha, $21 D.***** Sinceres, $10 m
Wm. Powells, 70 cts. n. Wing On (HK.) $108 m. ⠀
Miscellaneous.
H.K. Amusements, 64 n Entertainments, 371⁄2 n:
Govti
n.)
LOCAL DOLLAR STEADY.
Silver Prices Advance.
The local dollar remalos steady, opening on demand, this morning at 1/6
NEW YORK STOCK Steady
EXCHANGE.
S. E. Levy And Co. And A.O.F.C. Quotations.
· New York, Yesterday.' The following quotations from New York have been received by Messrs. B. E. Levy, and the American Oriental Finance Corporation.
Last
Close Opening Noon 5.09% 5.08% 5.07%
18.33
19.33 13.38 18.47 13.49
Steady Tone On Wall Street.
Inflation Sentiment Now-Passing.
NARROW TRADING EXPECTED
"The American Telephone Com pany has declared a regular quar....... terly dividend of $2.25, while the Texas Corporation has declared a. quarterly dividend of 25 cents.
"Messrs. Clement Curtis' mid- New York, To-day. month estimate of the corn crop The New York market was steady amounts. to 1,472,000,000 bushels yesterday with minor factional compared with 1, 60,000,000 bus-- movements. Dividend fricentive hels as at the last estimate. was lacking and with sentiment "Messrs. Murray & Company's swinging away from inflation, the estimate of the corn crop of 1 market expect to remain in a nar-472,000,000 bushels was proved to row trading range for the time have been discounted."--Router.
Market Factors. being.--United Press, per S. E.
The following telegrams were
Levy and Company,
S. E. Levy And Company's Report received by Messra, S. E. Lavý &
In their market report, Messrs. Co. last night from Reûter:- S. E. Lovy and Company, corres
Favourable factors before the.
pondents for Messrs. White, Weld opening of the market were:
The Treasury permitting the 77% and Company, New York state:
"Stocks: The market again exports of Gold and the strength. 85%
lacks stimulus, the prospect of in-of Government bonds.
Unfavourable factors were: 37% 37% 37% Aation being no longer an imme- 13 12%
Steel operations in the Chicago 12% dinte factor. The Government is 106 19% 19
now moving to combat the busi district have declined. 2 points to ness decline through stimulating 29 per cent of capacity. Loading. ex-commodities are unsettled, Spot the housing programme and panding drought relief action, gasoline in Chicago is easy, The- 27% neither of which plans will be-price la now 3-8/4 to 4 cents, as .80% come immediately effective. The compared with 3-7/8 to 4 cents-
10
40
N. Y./Lon-
don...... Cotton Oct.
Dec.. .. 13.47 Silk Dec. 1.10 Spot and forward silver have ad- Rubber Sept. 15.47
Diec.
15.02 vanced, closing prices yesterday: being 21% and 21 11/16 respective-C. Wheat
Sept.
1.16%
15.47
16.93
1.02%
*1.00
ty,
Dec. The London on New York cross-c. Corn
Sept. rate, which closed on Tuesday at £-U.S.$5.10%, closed yesterday at 4-U.S.$5.07%, while the New York W. Wheat on London rate closed at £U.S.$6.- STOCKS:— 074, as compared with £U.S.$6.09% Amer on Tuesday.
1.84%
1.03%
75%
74%
Dec.
78%
Oct.
877%
Smelt Anac Copper
Auburn
Bait &
K.R.A. MONTHLY MEETING
Ohio
15%
J. I. Caɛo
404
Con Gas
N. Y.
27% 88%
11% 11% 30%
11%
29%
markets now face a further dull last week.
Daily average period, with sagging prices and
48%
9%
225/
19,
19
48 23/ 194
214 154
. N. 3. .....
Un Aircraft..
44% 16
15
JU. S. Steel.
33%
88%
West E & M
$236 London Prices.
(Continued from Page 9).
I am instructed to request that Du Pont the question be reconsidered since a, El Bo & distinct hardship is now being felt)
Sh.
Tel
by the numerous children and tea-Gen. Motora, chers of the Central British School, Int Tel & both in arriving and leaving, more McIntyre especially in rainy weather.—I have, Mont Ward etc..
Net Distill ¡N. Y. Cen-
C. M. HALL,
Hon. Secretary. Water Police Station, Kowloon, 7th August, 1934.
The Hon. Secretary,.
Kowloon Residents' Assoclatlon.
Sir-In reply to your letter dated [25th July, I beg to inform you that
tral....3 Soc-Vacuum Stan Oil..
up.
44%
Petroleum pro--
was.
we would therefore continue to duction for the past week accumulate stocks only gradually. 2,506,000 barrels, compared with Business done 570,000 shares. 2,451,000 barrels. the previous "Bonds:
week. Electricity production for High-grade are strong, but quiet. The market! (Continued on Page 10) 21% for second-grades is slightly bet-
ter.
15
44%
"Cotton: Senator Bankhead in 15% urging the raising of the value of 3 38% the Government loan to farmers 32% to 18 cents per lb.. and is also re- commending the suspension of ali
The following Quotations from Lon-
I have again considered the ques-don were received last night between processing taxes during the mar- keting season. This stimulated tion of Bus stopping places at the 5.30 p.m. and 10.30 p.m.
Silver:
short covering and new buying: Central British School.
Spot:-21-5/8, (Last close); 21-3/4, and, if the Senator's proposals On the western side of Nathan (Last recd.); 1/8, (Change); up.
a higher market is materialise, Road the nearest bus stop is only Forward:21-9/18, (Last close); 178 yards from the School. On the 21-11/16, (Last recd.); 1/8, (Change); most probable.
"Wheat:-Urgent liquidation in eastern side of Nathan Road the Silver Report:-
now over and the grain markets nearest bus stop, viz, the bus stop America bought. China sold Mar- are expected to act better. Tues- between Granville Road and Kim-ket steady. berly Road, is 231 yards from the Gold: 138/2, (Last close); 138/4, day's sales 43,418,000 bushels.
"Rubber: The outlook is still School. It would be possible to (Last recd.); 1-1/2 (Change); up.
London/New York Rate: 5.10/1-8,juncertain, with American buyers move this latter stopping place a (Last close); 5.08-1/16, (Last recd.); continuing to confine their pur- few yards nearer North towards .02-1/16, (Change); down.
chases to immediate requirements. Kimberly Road.
London/Paris Rate: — 76.28, (Last| If you consider
this proposal would be of any mater-close); 76.28, (Last recd.): (unchang Business done 321 lots... ial advantage I will have the bus stop moved accordingly.
{ed).
Liverpool Cotton Oct. 0.92, (Last SILVER HIGH MARK IN LONDON (close); 8,95, (Last reed); 03,
(Continued from Pape 1) : Liverpool Wheat Oct.: 5/11-1/2 These quotations reveal a sharp
reed).
..2-
| (Last close); 6/9-1/4, (last
1/4 (Change); down, disparity in the local dollar.
London Rubber-Oct./Dec.x-7-9/18,|| In 1929, the lowest quotation In (Last close); 7-1/2, (Last reed); 1/16. London was 21 5/16, a farthing be (Change); down.
London Rubber-Oct./Dec.:-7-5/8,
I am afraid I cannot make any (Change); up. further alterations. I have, etc.,..
D. BURLINGHAM, Divisional Superintendent of Police, Kowloon. Kowloon Residents"" Association, Kowloon, 14th August, 1994. D. Burlingham, Esq., Divisional Superintendent of Police, Kowloon,
low that of yesterday, while the
(Last close); 7-5/8, (Last recd.); (un-Hong Kong dollar in that year dial changed)..
not fall at any time below is. 71⁄2d. on demand.
Landon Forecast
A forecast from London on the prob-i
states:
Sir. I am directed by my Com-able trend of the New York markets
INFLATIONISTS. DISAPPOINTED mittee to acknowledge receipt of Wall Street is expected to open (Continued from Page 112. your letter No. W.P.O. 21/1829, of steady with business remaining res-week and 1,627,000,000 kilowatt [7th August, 1934.
.• tricted. There are no few factors Its contents were discussed at our apart from gold shipments having hours for the corresponding period of last year, and commercial loans monthly meeting held on 13th inst. materialised.
On the commodity markets, wheat is reported by the Federal Reserve and my Committee considers moving expected to remain unchanged with Bank to member-banka rose for the one of the bus stops concerned a few prices slightly lower. In the cotton third successive week, the period's yards only would be futile.—I have, market higher prices are expected on jetc.,
..
LATEST QUOTATIONS
flood damage complaints, but there are gain aggregating U.S.$84,000,000. some possibilities of a strike in the An unfavourable factor was that C. M. HALL,
textile industry. Not much change The Iron Age" pessimistically de Hon. Secretary.li anticipated in the other markets.
clares that a gain in ateal opera- tions during August is unlikely, al- though the magazine expects a rebound in September-United Press, per 8. E. Levy and Company. Personal Pars
New York, Yesterday. The following quotations have been received by Messrs, S. E. Levy and Co.. & the A.O.F.C.DE
May
18.60
15:46 15:48 0.01 up 15.60 15.60 0.01 off· 15.86 15.68 *0.04 16.00 16.00 0.01 " 16.28 16.29 10.01 " 16.57 16.57 0:03
August 14,
Closing
Angust' 15.
New York Cotton:
October
December
January
March
13.63
Opening
13.33
19.33 18.34 18.47 18.47 138.49 13.52 13.52 18.52 18.62--18.68
Closing
Change
18.47 13.48 0.15 ap 13.60 13.61
0.14. 18.85:18.65 0.18 18.78 19.78 0.15
H
13.69
18.68 18.69
18.86 13.86
0.17
July
13.75
18.76 13.76
18.91 18.91
Spot
-18.45
9.16 -0.15
New York Rubber:
September
15.47
15.47 15.47
October
15.61
unquoted
December
15.92.
15.89 15.90
January
March
16.01 16.30
May
18.60
16.00 16.00 16.30 16.80 16.55-16.55
Total sales:
821 lots
September
102
December 104%. May;
101 104
100% 101 101
108 Tuesday's sales:
107
1064106 106% 48,418,000, bushels.,
September
75%
December
78%
May
88%
Total sales>
Winnipeg Wheat:
October
87%
December
May
88% :92%
87 86% 8856 889 91% 90%
91%82%
New York Sugar:
1.75
1.78 1.74
1979/174
0.01
Dec
$1.82
1.79 1.81 185 183 184
1.81 1.81
185 185
17,000 tons
Chicago Wheat:
Chicago Corn
108103 109%.
Everything
. BUT YOUR
gone.
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
İSAVE SOMETHING
START NOW UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC.
Asla Lite Building, Hong Kong.
--/*Tol. 80284.
Is It Insured? ?
1001904 Insurance » All Classes
American Asiatic Underwriters Fed. Ino, UBA! *General Agents D
Mr. N. S.. Brown non-official MAS LOWEST RATESANA Justice of the Peace, left the Colony for Shanghai yesterday by the 9.3. Tatsuta "Maru.
Dr. T. W. Ware, of No. 14 Leigh Head Once ton Hill Road, Medical Officer, and
Inspector" of Emigrants, of the 17, The Band, Medical Department, was a passen Shanghal
ger on board the s.o. Tatsuta Maru, which left here yesterday for Yoko hamaa
-74% 742 -- 75% 75% -7877% 78/
24,888,000, bushels:
80%85% 87% 87%
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
_____SECURITES AND COMMODITIES..
BOUGHT AND BOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Members:
NEW YORK COTTON; EXCHANGE COMMODITY EXCHANGE INCI "CHICAGO BOARD OF TRADE
FOR
81%81% 83
nd 80108
ELK. Ofice Asia Life WBuilding Tel: 30234
118