BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Teased and Fully Fald-up z
Authorland Capitat
Koverta Punde1–
Ataring
Elite
£1,500,000
$16,500,000
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
1
20.000,00 Incorporated by Royal Charter, 1853.
Panera Bisibly of Froprinior$20,000,000
WRLD OPPICE, HONGKONG.
HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fund
.£3,000,000 £3,000,000
Reserve Liability of Pm-
BOARD OF DIRECTORS.
:
prietors
...£3,000,000
Hun, Mr. O, U, B. Mackle
Agencies and Branches:
Chatino,
Alar Har
Hells
Hangon
8. 13, Dell, Esq. Deputy Chairs.
Arasiy Hag
ipah
Faracht
Somet
Balarin
Kiang
hemarahan
Послед
Kabe
Shrozbal
Calents Callo
Kuala
Lumpur:
Dawnpore
Kohima
Cobra
1Columbe
Hanlia
Delhi
Anden
Halphone
adbury
Hankow
Harbin
Bun. Mr. W. H. Dall.
A., Carla, Fay, W. J. Hair, E. 0.0. Bugh, Esq.
AMOY HANGRIK ΠΑΤΑΝΙΑ THESE BAY
CALCUTTA
CANTOS
ו!
GOLOMO DAIREN FOOCHIOW HAIPHONG HAMBURG DANKOW HARKIN
HONOKEW
110110
IPLASE
20UORE
KODE
KOWLARON
6. Si, E.
K. S. Marthon, Faq.
K. Bursa, Esq.
V. M. Gara, Esq.
Chiet Manager.
BRANCHES :-
LONDON
LYONS MALACCA
JANILA
CAR [Jobore)
MUKURS
NEW YORK
PEIRISO
PENANG
MANGOON SATION
SAN FRANCISCO
KUARA LUSIPOR
SUANGHAI
KINGAPORE
HOUDABAYA
SUNDEI PATANI
THIENTHIN
TOKYO
THIS YAO PRIKOLASA
Curl Arounis opied in Local Cutty Fixed Deposita ingulend for nos year OS
en feras which will be quoted as application. shurlar perind in Tomal Chmpany of Starlag
Hong Kong. 1815. April, 1994.
HONG KONG SAVINGS BANK.
The Boatoms of the bore Bank la conduct- Để ly L 1080 EURO AND SHANGHAI BANKINU CORPORATION. But be bilized en apuliration,
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION
V. M. ORAYBURN,
Chiel Manager.
Hong Kong, th Pabruary, 1994,
THE BANK OF EAST ASIA, LTD.
Authorland Capital .....................................$10,000,000,00 Baldupe Capital
Homise and Undivided Tr$2,454,000,00
HEAD OFFICE:--HONO KOKO 12, Da Vreuse Road Central
JMRD OF DIRECTORS-
Fu Khou and Chow, ChalgEL...
Roon Chun. Eur. P. R. Kwok, Eng Wang Lưu Trang, King. Chín Cliar Sara, Fagon Từ In Bang, Esq, Wong Chu Son, Eng., and Ken Ying Jo. Eng.
Дор
Teng Po. q. Clikot Manager, The Fang, Req. Manager.. BRANCHES AND AGENCIES
Melbourne
Benicio
Bamarang
Khanghai
New York
Bingpor
Venka
Nagasak!
Halavi
Bomby Calcula
Caulon
Trong t Hankow Honolulu
Parla
Peiping Радиос
Koba
Bengoan
Kowloon Landou
Saigon
Ba France
„Gourabaya
Bustow ydney Talk Tiestilo Tebya VASCOUTH Yakuberan
Erczy deription of making and Eachaure Budures Bratcted. Loans Rianted on approved
Quarent Accounla opened in Loval Cuntary sad Viard Deposita mceived for a year of aborter parkade in Local and Foreign Currencies
Link which will be quoted on application. Safe Deposit Coser To bet.
KAN TONO PO,
Chist Manager,
Hong Kong, lat · March, 1084,
THE BANK OF TAIWAN, LTD.
Head Office:Taihaku, Formosa, Incorporated in Japan by Special Imperial Charter, 1889.
Central Bank of Formosa, Nótes
issued Average amount. Y.45,000,000
Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shokn, Sinchiku, Taicha, Tainan, Taito, Takae, Tamsul, Teen. China: Amoy, Canton, Foochow, Han-
kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavio, Samarang, Soerabaya, Dairen.
1teny Konf.
Sew York
Pelping
Chuxinal
THAKKE
Singapore Gilla az Boranaya Talping Tienta Tengkeh
Mer
Yet ou ama Zamboanga
Foreign Exchange and snoral Banking businnar | trasunetad.
Curreal nunta opeusd and Fized Deponite! received for one year or alorier periods at caton which will be quoted an application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1994.
THE CHINA MAIL, TUESDAY, AUGUST 21, 1934.
and
Commerce
Finance..
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-day;
Banka.
HK. Bank, $1725 b.
H.K. Bank (London), £135 n. Chartered Bank £1554 . Mercantile Bank,. A. & B £81 n. Mercantile Bank C, E13% 1. Bank of East Asia. $84 n. Am: 0. Finance Corp., Sh. $20 a China O. Fin. Ord., Sh. # n. China O. Fin. Pref. Sh. $5 n.
Insurances. Canton Ins., $200 n. Union Ins. $640 b.
Chinu Underwriters, $1.30 n. China Fire Ins., $510 n.
THE BANK OF CANTON, LTD. H.K. Fire Ins., $245 n.
Established 1912.
Paid-up Capital Authorised Capital
Head Office: Hong Kong.
$11,000,000 8,056,000 Total Resourcen ....
... 32,170,402 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 alzes); for hire.
LOOK POONG KHAN,
Chief Marigot,
SAFETY FIRST!
To Safeguard Your Valuabled and Jewelleries.
OUR
Deposit them in a Vault
that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF!
SAFE DEPOSIT VAULT {located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of thesa 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
AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway, New York
Capital
Surplus
Reserves
$6,000,000.00 2,087,112.69 1,995,528.81
BRANCHES:--
Acosterdam
Anless
Dekon Dow
Mitra Nire
Athena
The Hague
Nagla
Aukuna
Istan
Pir
Berive
Hamburg
Paris
Berlin
Bombay
Bremsa
Brussala
Caine
Calcutta Скелю Colsinbo Copenhagos Edinburgh Dublin Flornbor Jenen
ti+ldelberg Interlaken Lorulem Landon Lvrapol
Lucerne
LASTO Martallion
Vienu
Monia Carla
Venlos
Takaha
Manager.
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% p.a. on daily! balance and the rate for balance over $10,000 will be quoted on application (Maximum rato-1),
Y. OHNO,
Hong Kong Branch
3, Des Voeux Road, Central.
}
THE YOKOHAMA SPECIE
LIMITED.
Established 1880
Lagano
Munich Montreat
Potpu l'alernis Betserdars SIL THE Bhogs: Roo!hampto Stayspora Tieval Tarmins
Zurich
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
BANKAR classes of Commercial Banking
Transactions undertaken.
Capital (fully paid-up) Yen.100,000,000
Personal Investment accounts handled
The Company offers to intending Reserve Fund.....Yen.122,750,000 Travellers the use of its "Travelers Cheques and Letters of Credit and, In addition, the world-wide services. of its thoroughly equipped Travel De partment:
Head Office:-YOKOHAMA
Branchea and Agencies at: Alexandria
Batavia
Berlin
Bombay
Harbin
Nagasaki Nagoya New York
Orake Paris Pelping Rangoon (Mukden) Rio de Janeiro
(Dalay)
Hong Kong
Honolulu
Hainking Karachi
Robe
London Los Angeles
Manila Mof! T::
San Francisco
Seattle
Semarang
Shanghai
S
Sydney Tokyo
Tientsin
Tsingtan Yingkow Entersst allowed on Garent Ao-
"Deponits received for fixed periods entes to be obtained on application,
ⱭKISHINAMI,” 47.
Hong Kong, 11th Apr, 1988
C. H. BENSON,
General Manager.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED, (Incorporated in China)
Capital paid up $5,000,000. Reserves
.$7,000,000, Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000. Head Office-Shangbai
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 St. Phone 31431-93
Shipping. Douglases, $40.66 n.
H.K. Steamboats,' $7 n. Indo-Chinas (Prof.), $30 n. Indo-Chinas (Def.), $38 n. Shell (Bearer), $46/10% n. Union Waterboats, $134 n.
Mining.
Antamoks, 60 cts. n. Balatoes, $361⁄2 n. Baguio Gold, 44 eta. n. Benguet consolidated $40 n. Benguet Exploration 19 cts, a. Benguet Goldfield, 20 cts. n Big Wedge, 12 cts. n. Gold Creek, $27 1. Gold River, 24 cts. n. Ipo Mining $2.
Itogons $5 n.
Kailan, 23/6 n..
Langkata (Single) Sh. $171⁄2 n.
S'hai Exploration, Sh. $5 n. S'hai Loans, $6% D. Raubs, $13.10 b.
Venx; Goldfield, $7 t.
Docks, elc.
H.K, Wharves, $118 n. H.K. Docka, $14
b.
WHEN CHINA SOLD SILVER.
America And India Continued Buying.
New York. To-day.
MIXED SENTIMENT ON WALL STREET
Aimless Drifting indicated.
DULL UNDERTONE
New York, To-day. There was a dull undertone on Wall Street yesterday, although the market, generally, was steady with ja predomination of fractional gains, but sentiment was "mixed,
LOCAL DOLLAR STEADY.
Forward Silver Declines.
NEW ADVERTISEMENTS
CUSTOMS NOTIFICATION.
The local dollar remains steady, THE OFFICES and STATIONS opaning
CHINESE 1/6.
CUSTOMS for Kowloon and DI
Spot silver remains steady, while trict will be CLOSED to Public forward allver has declined 1/16, Business on the 27th August, 198€ closing prices yesterday being 21% being a Customs, Holiday, and 21 9/18, respectively.
The London on New York cross- rate, which closed on Saturday at -U.S.$5.09%, closed yesterday at
Spot silver in London closed with indications that the market..$5.084, while the New York on London rate closed at U.S.$5.09, at 21% unchanged, while for-will continue to drift aimlessly as compared with U.S.$5.09% on ward declined 1/13, to close at awaiting some incentive to change. Saturday,
-United Press, per S. E. Levy and 21 9/16.
While America, India, and Company other speculators bought yester-S. E. Lery And Company's Report day. China was selling. The In their market report, Mesora.
market, however, remained S. E. Levy and Company, corres- steady. United Press, per pondents for Messrs. White, Weld S. E. Levy and Company.
and Company, New York state:
"Stocks: The market was again recrudescence of NEW YORK STOCK
activity is expected, unless new stimulus should appear outside sources. Business done:-
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.) S. E. Levy and the American Oriental, Finance Corporation. STOCKS-
N. Y./London-
Silk 'Dec.
C. Wheat
Last
inactive and no
270,000 shares.
some from
EXCHANGES.
TO-DAT'S QUOTATIONS.
On London-
On T.T. and demand 1/6%
4 months' sight 1/64 Credits 4 months'
aight
"Bonds:-High-grade issues were unchanged and the market ruled quiet, while second-grade bonds On Parla were irregular.
"Grains: The market is acting better. There la, however, consider- Jable uncertainty and a purely trad On Ladia- ing attitude is suggested. Satur
Close Opening Noon day's sales: Wheat-23,173,000 bus-On Shanghai- hels. Corn-15,046,000 bushels.
On demand "Cotton: Hedging pressure was On Japan:- labsent from the market.
On demand of crop deterioration are continuous. On Manila- There was active short covering and On demand
Reporta
EN. ENSOR, Commissioner of Chinese Custom
Kowloon and District York Building, Hong Kong, 20th August, 1934... |
EXEXEXEYEXEX
gone.
Everything
BUT YOUR
SAVINGS
RENT
1/6%
On New York-~~~-
On 'demand
382
Credits 60 days!
sight
39%
FOOD
CLOTHING
On demand
5772-
HEAT
Credits 4 months'
sight
610
TAXES
On T.T. and demand 100%
WATER
109
Cotton Oct. . 13.07
Dec.
13.12 13.17 13.23 13.28 1.144-----
13.31
CHITS
1274
1.1244
Rubber Sept. 15.56
Der
15.50
15.60
10.00 16.92
16.02
76%
Sept.
1.03%
1.04
Dec.
1.04%
1.04%
C. Corn
Sept
74%
74%
Dec.
70%
78%%
Trade buying towards the close on On Singapore- increasing talk of a high loan value "Rubber: The market ruted dull. Business done:-199 lots"--Reuter, Weather Report
SAVINGS
On demand
641⁄44
On Batavia--
On demand
55%
On Saigon-
W. Wheat
The West half of the Cotton Belt
On demand
574
Oct.
85%-
86%
is more torrid, with the temperature On Bangkok----
Stacks:--
Amer Smelt.
364
38%
in Oklahoma City at 106, but the
On demand
12234
Anac Copper
121⁄4
1214
12
Auburn
19%
heat looks like breaking because all Sovereigns bank buy- the Corn Belt, including the adjacent
ing rate
164
Bult & Ohio..
15
J. I. Case
15% South West is much choler with Bar Silver-per oz.
21%
384
Con Gas
N.Y.
28%
27
winda favouring rains.
Bar Silver in Hong
Du Pont...
88%
894
89%
El Bo & Sh..
10%
11
11
Both the Northern and Eastern Spring belts are very cool.
Kong Copper Cash
nom.
nom.
Gen Motors
29.
28
1% prem
10% 10% 47%
47
22% 22
22/2
184
184
20%
20%
1476
44%
14
44
44%
154
14
35
Providents (old), $1.60 b., $1.651nt Tel.& Tel
Bu
Providents (new), $50 cts. D. Hongkews, (old) Sh. $8121⁄2 m. Hongkews, (new) Sh. $310 n. New Engineerings, Sh.'85 n. S'hui Docks, Sh. $117 n.
Cotton Mills.
Ewoa Cottons, Sh. $11.10 b. S'hai Cottons (old), Sh. $73% 0. S'hai Cottons (new), Sh. $48 a.. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.40. b. H.K. Lands, 353 aa.
S'hai Lands, Sh. $26% n. Metropolitan Lands, Sh. $14 D. Humphreys, $10.40 m.
H.K. Realties, $5.2018.
Asia Realties "A", Sh. $140 n. Asia Realties "B" Sh.120 B.
Chinese Estates, $85 b. China Realties. Sh. $15% n. China Debenture, Sh. $187 n.
Public Utilities.
H.K. Tramways, $2110 b., $21,20
за.
Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% n. Taumati Ferries, 821 n. C. Light (old), $8.80 n.
C. Light (new) $8.30 b. H.K. Electrics, $71% n. Macao Electrics, $25 n. Sandakan Lights, 48 n. Telephone (old) $24.20 n. Telephone (new)-$11.80 m. China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref. 17/- b.
Industrials.
Malabon Sugara, $11 n. Cold: Macg. (ord), Sh. $21'n.. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.70 n. Cements, $2.55 0. HK, Ropes, $4.35, s.
Stores, etc. Dairy Farms, $25.60 n. Watsons, $5.60
Der. A. Wings, $1 n. Lane, Crawfords, $4.50 1. Mackintoshs, $21 n. Sinceres, $10:
Wm. Powells, 70'età. a. Wing On (HK) $108. n.
Miscellaneous.
H.K. Amusements, $4 n. Entertainments, 37% n. S.C. Enterprise: $1,80 b
United Theatres, Sh. $2 n... Macao "Greyhounds," $2 n... Construction (old), $1.80 n. Constructions (new), 78 cts, b Ch. Govt. 6% 1925, GERde
88%%
H.K. Gost 4% Loan 7%% prem.
Gov. 3% Loan 24% prem b. Wallace Harpers, $74 m.
McIntyre .... Mont Ward Nat Distill NY Central Soc-Vaouum Stan Oil NJ
Un Aircraft.
U.S. Steel. 33% 33
West E & M 31
London Prices.
The following telegrams were re-Copper Cents 9ceived by Messrs. S. E. Levy and Rtate of Native Interest 3% pa.
Company through Reuter:--
Chinese Sub. Coln... 28% dis.
19% Favourable factors before the Hong Kong Sub. Coin par. 20% opening of the market were:-The
14% opinion is held that the technical
position favours a resumption of the
advance. According to some broker- WHEAT PROBLEMİ
31% (age quarters there is a distinct un-)
dercurrent of investment demand,
The following Quotations from Lon-which is reflecting the bellef that don were received last night between! 5.30 p.m. and 10.30 p.m.
(Continued from Page 1).
much of the adverse news has been greatly reduced the percentage of Silver Spot 21-5/8 (Last close), discounted. Idle funds are seeking flour milled from wheat and, by 21-5/8 (Last record), unchanged employment.
securing these, a large quantity (Change).
Silver Forward 21-5/8 (Last close), Unfavourable factors were:-A would be diverted to animal con- 21-9/10 (Last record), 1/16 down further decline in industrial activity sumption, and a greater part of the (Change).
is expected this week. Steel surplus stocks would be disposed Silver Report:-America. India and activity in Youngstown is estimated of. speculators bought, China sold. at 22 per cent. of capacity.. Market steady.
·SAVE SOMETHING
START NOW
UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST, INC.
Asia Life Building, Hong Kong.
Tel. 80284.
Is It Insured?
·Insurance All Classes LOWEST RATES
American Asiatic Underwriter
Fed Ino, UBA. General Agents
De- The French Government attach-Head Office
Gold 188/4 (Last clone), 138/8mand is slack but an improvement led the utmost importance to the (Last record), 1d down (Change). is expected after Labour Day. effective maintainance of the 17, The Band,
Steel Mill activity amounted to wheat agreement, and the success Shanghal (Last close), 5.08-7/16 (Last record), 21.3 per cent, the lowest figure since of the French plans to absorb the 01-1/16 down (Change).
London/New York Rate 5.09-1/2
London/Paris Rate 70.34 (Last the Iron and Steel Institute began bulk of their surplus was deper- close), 76.28 (Last record), 00 down compiling weekly figures last Au-dent upon the adherence of export- (Change).
tumn.
ing countries to an effective sys- Liverpool Cotton-Oct. 8.88 close) 8.81 (Last record). 07 downed to 197, as compared with 312 for
(Last Weekly business failures amount-tem of export quotas. (Change):
Liverpool Wheat-Oct. 5/7-7/8 the corresponding period of Jast He urged a subdivision of the (Last close). 5/9-1/8 (Last record), year.
crop year quotas into quarterly 1-1/4 up (Change).
Sears Roebuck show a net profit periods, and the setting aside of a
London Rubber--Det.-Dec. 7-9/16
SUBDIVISION OF QUOTAS
HK. Ofea
*Asia Life Building Tel. 80234
SHANGHAI RUBBER SHARES.
Latest Quotations.
Messrs. Carroll, Broa, have receiv
(Last close), 7-1/2 (Last record), 1/16 amounting to $6,808,000 before of the world demand as a reserve ed the following cabled quotations for the first six months of 1934 certain percentage of the estimate down (Change).
London
in of Shanghai Rubber, shares, Price
Rubber Oct-Dec. 7-5/8 Federal Taxes are deducted, as com-allocation which should remain (Last close), 7-5/8 (Last record), un-pared with $1,620,000 last year.
the hands of the Wheat Advisory in Shanghai Dollars change (Change).
A Stock Exchange seat has been Committee. A forecast from London on the pro- bable trend of the New York market sold for $35,000, which. price is, un- states:-
changed from the previous.
These proposals were generally supported, and the Committee set "Little revival of any active interest Brooklyn-Manhattan transit has up a drafting sub-committee to is anticipated on Wall Street owing to declared a dividend of 75 cents per bring together all generally accep·· repeated threats of labour disputes and),
share which is the first dividend table proposals before the Com- since April, 1932:
the uncertainty still surrounding the Administration's policy.
Anglo Javas Anglo Dutch -Chemorn
Consolidatedis
.Sh.39.75 --
7.10 +88
4.00
...mittee. The sub-committee will
Java Consolidateds Kroeweeks..... Tanah Merahs. Tebonga
1.80
76,
2.0214
On the commodity markets higher. According to the National. Retail report to-day-British Wireless wheat prices are expected, but it le Dry-goods' Association, American Service. will be an unsettling factor; in cotton,
possible that the relaxation of tariffs merchants in most parts of the higher prices are due. The spot basis country expect a ten per cent. gain is the highest for the season.
The in the value of the Dollar In the re-
strike is a menace to the market. Inftail trade during the months of rubber, little lower prices are expected.September, October and November,
sa compared with last year.-Reu-| terte
LONDON EXCHANGES.
London, Yesterday.
Paris
New York
76 11/82 5.09.
Montreal
· 4.86%
Geneva
· Brussels ...
15.41 21.42
Amsterdam
7.42
Milan
Stockhol
Dalo.
BerlinTM Prague
58,21/82 19.89%
19.90%
12.72
121%
Buenos Aires
86%
Copenhagen Vienna
22.894
4% 88
Rio
Montevideo Hong Kong (N.B-Some of the
Bellera Om
The market is dull, but the undertone is steady. Fractional{ gains predominate, but sentiment is mixed with indications that the market will continue to drift aim-i lessly, awaiting some incentive.
The publication. of the Steel Institute estimates that mill last week was 21.5 per cent. of capacity. The magazine says that slackness of buying
Continued on Page 7)
SILVER PLAN DISCOUNTED
Washington.
to dayAdminis tration officials have discounted the anges possibility of revaluing bliver at 2.18] achieve a 16 to 1 United Press, er
and the effe ratio with gold.
missed owing to bad atmospheric B.E. Levy, and conditions).
! Ziongbes
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES
BULGBT 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
JOE HOUSE STREET, HONG KONG
80101 and 80103
Tel Address: Baler
-.65 9.76