BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
authoriad Capital $50,000,000 need and Fully Fald-up 30, 10,000
Serra Funda
Bedding
Hiver
£6,000,000 $10,000,000
Boerre Liability of Proprietors ...$30,000,000 HEAD OFFICE, HONGKONG.
BOARD OF DIRZCHIOS,
11oo. Mr. 0.0, 9. Mackle
Chairma
H. H. Dodwall, Bey,
...* Deputy Chairman.
Hma, Mr. W. H. Ball. A. Compton, 144.
1.0. Kaight, Zaq.
ANGY BANOROK
BATAVIA BOMBAY CALOUTTA CANTON DISPOU COLOUDO DAIREN FOOCHOW
U. Miskin, Esq.
E., Morlani, Kag.
T. E. Fron, Eng.
V. H. Onybars, Req. Chist Mainger.
www.
BRANCHES
LANDUN LYUNS SIALAGUA HANITA MUAH (Johor) MURDEN NEW YORK PEIPINU PENANG
11
HAIDHONG HAMBURG HARROW HABUIN HONOKEW ILOIL
ПРОД
JUKORE
KOBK SOWLOXUN
RAFOGON 8410UN BAN PRANCISCO KUALA LUMPUR SIANGHAL SINGAPORE YOURABAYA BUSDEI PATANI TIENTSIN .TUKYO
THINOTAO YUKOHANA
40
Cortest Account opened te Lous! Currency and Fixed Depolis reared for one your Nester periode in Local Company and Barling Where which whi be quoted on application. Hos Kong, 13th April, 1934,
HONG KONG SAVINGS BANK.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1953. HEAD OFFICE: LONDON
Paid-up Capital Reserve Fund
Azerilor
Jangkok,
Batarla
Reserve Liability of Pro-
prietors
.£3,000,000 £3,000,000
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Agencies and Branches:
Alor Sta
Malic
Ipok
Karackl
Klang
Kube.
Kusi
Hangves Bal famerang Beramban Bbangbal Ringapors
Lumper
Silavas
Kuching
Bourabaya
Xsdraa
Taiping
1 Colon be
Manita
Tubin
Medan
Toogkas
Haiphong
New York
|(Daskor) -
Palpiny
Talapiao
Bankow
(Peking)
T
Yokohama Zamboanga
Loan Load
Bomber Caltulla Contoo Campore Cebu
|Delki
itamburg
THE CHINA MAIL THURSDAY, SEPTEMBER 27, 1934.
and
Commerce
Finance
LOCAL DOLLAR ADVANCES
Silver Prices Improve
The local dollar has advanced, opening on demand this morning at 1/7.
Spot and forward silver have ad. vanced, closing prices yesterday being 22-5/16 and 22%, respective- ly.
The London on New York cross- rate, which closed on Tuesday at
Yorigo Exchange and innerel Backing burlane 34.97, closed yesterday at £-U.S.84.-
ireneanted.
Current Accounts opened and Fixed Depot 96%, while the New York on Lon- solved for one year or shorter perioda at inter which will he quoted on application
don rate closed at £-U.S.$4.96%, as W. H. E THOMAS,,
Acting Manager. compared with -U.S.$4.96%
Tuesday." Hong Kong, 20th February, 1934.
THE BANK OF CANTON, LTD.
Establlabed 1912.
NEW YORK STOCK EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
оп
Head Office Hong Kong.
$11,000,000 Authorised Capital Pald-up Capital
8,055,000 Total Resources
82,170,492 Branches: Canton, Toithan, Shanghai, Hankow, Bangkok & San Francisco. Landon Bankers: Lloyds Bank, Ltd
Banking Foreign Exchange and business of every discription trans-
Close Opening Noɔn ... 4.96% 498%% 498% Current Accounts opened and Fixed NY/London
1269
1288 1271 or Cotton Doc. Depaults received for one year
Mar.
1280 1283 1277
113 Silk Dec. shorter periods at rates which will be
114 quoted on application.
1555 Rubber Dec.
Mar... 1593
The following quotations from New York have been received by Messra. S. E. Levy and the American Oriental] Finance Corporation.
Last
The Bulness of the sbors Bank is conducted. ad by the HONG KONG AND SHANGHAI BANKING CORPORATION, Hale may be abtaleed on application.
FOR THE HOND ZONG AND BRANDIIAI BANKING CORPORATION.
V. M. ORAYBURN,
Chist Manager.
Hong Kong, th February, 1984.
THE BANK OF EAST ASIA, LTD.
Aborted Capital
d-up Capital
..@10,000,000,00
5,400,000. PM.;
bert and Undivided Profis,4,000,00
HEAD OFFICE-BONG KONG
13, De You Road Central
BUARD OF DIRECTORS-
Bit Show Chow, Chairman.
Li Koen Chun, Eng., P. K. Kwok, Tag, Wong
In Tang. Bay, Chan Ching Bhok, Esq., Lê Lan Many P. Wang Chu Bec, tag, and Kan Ting
تجاعين
Kao Tong Po, Esq.. Chiat Mounge,
Tu Four Exq.. Munnger,
لتدريسيالة
BRANCHES AND AGENCIES -
Andy
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Every description of Banking and Exchange bal teammated. Los granted on approved securities.
Curreal Account opend in
Local Cur
and Pised Deposits resalted for one your shorter perioda in Looal and Foreign Ouranola
tem which will be quoted on "application. Bals Deponit cras 75 Let
KAN TONG Po,
Bag Bong. Lit March, 1986
Chief Manager.
THE BANK OF TAIWAN, LTD.
T
Head Office: Taiheku, FormeUS, Incorporated in Japan by Speciál Imperial Charter, 1899. Central Bank of Farmoss, Notas
issued Average amount Y,45,000,000!
Branches and Agencies.
Safe Deposit Boxes (various sizes) for hire.
LOCK POONG KHAN,
Ciel Manager.
SAFETY FIRST! To Safeguard Your Valuables and Jewelleries. Depoelt them in a Vault that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor of McIntyre Our New building is Spacially Con- Mont Ward structed to provide all of these Im-Nat Distill... portant Qualities,
You may obtain a Safe Deposit Stan Oil NJ ... 43% Box in this most up-to-date Vault for U.S. Steel... 34% 84% your own use at a very moderate Ren- tal.
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
AMERICAN EXPRESS COMPANT,
INC.
Head Office-45, Broadway,” New York
Capital Burplus .... Reserves
Anutardam
Aniwang Athens
Japan:-Kobe, Osaka, Tokyo, Yoko hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taicha, Tainan, Taito, Tekao, Tamsul, Toen, Karenk, bar Kagi, Heito, Giran.
1.9!
U.S.$8,000,000.00 -
2,087,112.69 1,995,528.31
BRANCHES:-
Gizon Olangor
Ass
Benlar
Berlin
The late
Hamburg How
Bre
China: Amoy, Canton, Foochow, Han-
Brussels Calco Olcatta
Heldalborg Laserlaken Jerusalem London
Milaz Nion Naples Firmeus Forla
FACI Rotterdam Beine
Liverpool
C
Colombo
Lucerne Londo
Ringapar Tientiin
kow, Shanghai, Swatow, Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boersbays, Dairen. On and after April 20th, 1984, the on Special Current rate of Interest Deposit will be at 1% p.z. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%%}.
T. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central.
Copenhagen. LATOR
Karen
Dribliz
F300
Edinburgh Genets
Monte Carlo
Mails
Munich
Mooters
Bampton
Torlon
Tlabe Venice Yokohama Zerlok
London Prices.
The following quotations from Lon- don were received last night between 6.30 p.m. and 10.80 p.m.
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local thare quotations issued to-day
Banks,
H.K. Bank $1725 n.
H.K. Bank (London), £137' n. Chartered Bank $151⁄2 ex. div. Mercantile Bank, A. & B, £30% Mercantile Bank C. $15. Bank of East Asia, $99 n. Am: 0. Finance Corp, Bh. $20 a China O. Fin. Ord., Sh. #4 n. China O. Fin. Pref. Sh, 18 n.
Insurances.
Canton Ina., $285 n. Union Ins., $535 sa. China Underwriter, 81.15 n.. China Fire Ins., $510 n. H.K. Fire Ins., $249 n. International Assce. Sh. $6 a.
Shipping.
Douglasse, $40% n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), 188 m. Shell (Bearer), 49/4% n. Union Waterbosts, $13 m.
Mining.
Antamoka, 60 cts. n.
Balatoes, $37 n.
Baguio Gold, 47 n.
WALL STREET
EXPECTS A
NEW RALLY
Market Active And. Steady
SENTIMENT. BRIGHTER
MARKET RALLY
EXTENSION
Brokers Prediction
In America
MURMURS OF RENEWAL OF TEXTILE STRIKE
SPECIAL TO CHINA MAIL.. (By_Telegraph,_ Copyright, Telegra. New York, To-day.
phie Messages Ordinance, 1294, Re- The market was more active and ceived September 27, 16.50 nm) steady yesterday.A little profit-
New York, To-day." Market sentiment taking appeared here and there, but
has sharply Bentiment was brighter and some Improved, due to the belief that the extension of the rally is generally Administration has swung in, plus expected.
Tuesday's market advance, which was the widest aface, June 8: In their market report, Meaars Brokers are predicting an extension S. E. Levy and Company, corres of the rally. pondents for Messrs. White, Weld Favourable factors yesterday
.
S.E. Levy & Company's Report
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE
HE Undersigned have received instructions to sell by Publi Auction
1. ON TUESDAY, the 2nd October, 1934 commencing at 11 am.
at their Sales Room, Duddell Street
A Fine Selection of E. P. Ware,. Jewellery and Fancy Goods, Terms: Cash on Delivery
LÄMMERT BROS., Auctioneers. Hong Kong, 27th Sept., 1984.
Latest Quotations
and Company, New York state:
were that the "Iron Age" said that,
The following quotations have "Stocks: Some buying orders the upturn in steel production is been received through Messrs, S. E from Europe entered the market partly due to replenishment buying. Levy and Company and the Ameri this morning for the first occ and predicted further gains owing can Oriental Finance CorpoTRA sion for some time, which is to current inventories being under tton? lieved to be a good indication. We normal; and that General Johnson's still believe that yesterday's rally
New York, Yesterday.
Last To-day's close close
2044 103 78% 78% 404 49
will go further, but we would signation is believed to forecast jan immediate reorganisation of the
N.Y./London Cross-Rate 4.96% 4.98 delay buying on a large scala un N.R.A.
N.Y, Cotton Dec...... 12,60 12,58 | til President Roosevelt issues the
An unfavourable factor was that N.Y. Bubber-Dec. 15.56 15.25 expected re-assuring statement textile union members say that sen-Chic Wheat-Doc. Business done:-800,000 shares.
timent is strong for a renewal of Chie Corn-Dec,
Silver-Official were "Bonds: High-grades
the strike and will protest to Pre-
(Dow Jones - AVK-) - easier, with large blocks starting sident Roosevelt that employers
To-day's U. 8. to drift into the market.
failed to re-hire textile strikere.-
Sept. 25. Close Change Government issues were off and
United Press, per S. E. Levy and 30 Industrials... 92.72 92.44 .28 off
20 Raila irregular. second-grades
Company. off 10
120 Utilities Speculative issues
40 Bonds point.
11 Commodity "Wheat:-Consumers are not
Index 81.40 60.85 $5 of 17. Leading Stocks
were
were
Benguet Consolidated 42% cts: following bulges. Tuesday's sales-LATEST QUOTATIONS
Benguet Exploration 18 cta. b.
over-es-
"Cotton:-Hedge and Southern ealling is still heavy. Considering that the crop has been timated, speculative buying has been negligible. We expect hedge pressure to increase on bulges.
of "Rubber:-Liquidation scattered nature by weak outside interests is likely to carry, the de- cline somewhat further," Manu
Market Factors
January March May.. July
General Motors
36.27 30.01 26 off
20.84 20.65 .01 up
91.72 92.00 28 ng
XEXEXEXEXEXEX
Everything
BUT YOUR
SAVINGS
29,854,000 bushels.
Close
11.
poor
1538
1670
C. Wheat Dec. 104%
May........
and sa.
103%
104%
103
Benguet Goldfield, 20 cts, a
C. Corn Dec. ... 78%
May
784%
Big Wedge, 10% cts. b.
"Corn:-Reports of the quality of present stocks are In-been received by Mesars. S. E. Levy Amer Tel and Tel
Auburn creasing. Total sales:-9,799,000 and Co., and the A.O.F.C. bushels.
Sept. 25 Sept. 26 J. I. Cone
The following quotations have Amer Smelt and Ref
Amer Can
084
34%
11212
2579
435
Du Pont...
메
30%
80
Gold Creek, 12 a.
Closing Closing
Elec Bond and Share
-112
W. Wheat May 87%
87%
Gold Rivers, 22%. cts. b.
2912
STOCKS:
Amer Smelt... 34% Auburn
35
34%
Ipo Mining $2% ¤.
New York Cotton: October
Int Tel and Tel
10
12.54 12.42
McIntyre
474
2514
25%
2614
Itogans $6.30 n.
December
12.69
12.58
Montgomery Ward
26421
Con Gas NY .. 80
30%
30%
Kailan 26/1.
Nat Distillers
2014
Da Poat ... 91.
00%
Langkats (Single) Sh. $17 n.
January
12.74.
12.62
N.Y. Central..
2214
El Bo and Sh.. 11/4
11%
11%
Gen Motors.... 80
29%
295%
S'hat Exploration, Sh. $5 n.
March May
12.80 12.71
Socony-Vacuum
14
12.87
12.77.
Union Pacific
101
Int Tel and Tel 10%
10%
S*hai Loans, 1 thì
July..
12.90
12.81
U.S. Steel...
83
Lew's Inc 284 28
284
Rouba $12.90 n.
AT
23 NY Central
-231% 43%
46% ** 26% 28% 20% 20% 20%
20% 22 43% 33%
Venz; Goldfield, $5 n.
Spot
12.80
12.70
West E and M
Docks, etc.
discussing higher New York Rubber: facturers are
We expect to see a tyre prices, resumption of buying in the near future. Total sales-308 lots," -Reuter.
Business done:-800,000 shares.
October
15.84
15.00
December
16.55 15.25
15.67
16.98-
15.53
15.55
gonè
16.16 15.86
16.86 16.13
104 104
104 108%
RENT
104
108
FOOD
September
*79
7815
December
78%
78%-
May
801/2
79%
CLOTHING
Winnipeg Wheat:
October
82%
81%
HEAT:
December
83% 82%
May
87%
872
New York Sugar:
October
TAXES
1:97
1.95
March
ATER
1.98
131
1.97
∙1.94
2.01.
1.09
CHITS
1.14
1.14
1.15 1.15
1.16 1.18%
SAVINGS
Silver: Spot 22-1/10 (last close), 22-5/16 (last recd.), up (change),
Silver. Forward 22% (Inst roed.), 22% (last recd.), 1⁄4 up (change).
was
Sliver Report:-The advance chiefly due to leas China selling and further Indian and speculators buying. Market closed uncertain.
Gold: 141/2% (last close), 143/3 (last recd.), d. up (change),
London/N.Y. Selling Rate: 4.97 (last close), 4.98% (last recd.), % down (change).
London/Paria Selling Rate: 74.71 (last close), 74.66 (last read), .06 down (change).
Liverpool Cotton-Oct: 8.72 (last close), 6.73 (last red.), 06 up (change).
Liverpool Wheat-Oct.: 5/0% (last) close), 6/1% (last recd.), 1% (change).
up
London Rubber-Oct.-Dec.: (buyers) |7-7/18 (last close), 7-7/16 (last rood.),
unchanged.
London Rubber-Oct-Dec.: (sellers) 7 (last close), 7-9/16 (Inst ręcd.) 1/16) up (change).
London Rubber-Oct-Dec.: at ribon (buyers) 7-7/16 (last recd.)
London's Forecast
A forecast from London on the pro- bable trend of the New York market, |states:--
The recovery is expected to continue on Wall Street, with
gradual im-
Branches of American Express Com-provement in the domestic situation. pany In Principal cities of United States of America and Canada.
All classes of Commercial Banking Fransactions undertaken.
Personal investment secounts
THE YOKOHAMA SPECIE BANK Landled.
LIMITED.
Established 1889
The Company offers to intending. Travellers the use of its "TEATRİCKS
Cheques and Letters of Credit and,
- Capital (fully paid-up) Yen,100,000,000 addition, the world-wide services
Reserva Fund ....... Yen.124,260,000 of its thoroughly equipped Travel De
Head Offices-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
.Berlin
Bombay
Calcutta
Nagasaki Nagoya
New York
Osaka
Paris
Pelping Rangoon
(Delay)
(Mukden) Rio de Jenetro
Hong Kon
Honolulu
Hainking
Karachi
Дове
Manila
Inversat Fallowed
Debonita
San Francisco
Sestila
Shang
Singapore
Воставкул Sydney
Tsingtan.
Yingko
partment.
-0. H. BENKON,
General Manager.
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description transact-
Current Accounts opened and Fixed Deposite received for one year, or ther ter period at rates which will be quot- ed on application,
"Safe Deposit Boxan: (various sizes. for hire.
کنند اما
PHILIP GOCKCHIN Chlef Manager application L. GOCKCHIN
Absistant Banayaz-
C KISHINAME Hong Kong, Lith Sayfamber, 1934,
AULI:SHU FONG: Assistant Makerer
The Wheat market may open better and appears to be sold out. The strong domestic situation is creating a bullah sentiment.
Rubber prices are expected to be down.
In Cotton, little change is expected. The weather is favourable at present, but conditions are expected to be cooler and unsettled;
RISE IN GOLD PRICE NOT IMMINENT
New York, To-day-United States bankers are almost unani- mous in disbelieving that an ad- vance in the price of gold is im minent, pointing out the current Jatrength of the dollar. United Press, per 3. E. Levy and Company.
THE SHANGHAI COMMERCIAL & SAVINGS' BANK LIMITED, (Incorporated In China)
Capital paid up Reserves
Capital Savings Dept. Reserve - Savings Dept. Head Office
A Bank having as 128 missio industrial development of China and the fostering of her comu cal relations throad,
H.K. Wharves, $109 n. H.K. Docks, $14 n. Providenta (old), $1% b. Providents (new), $50 eta, n. Hongkews, (old) Sh, $809% n. New Engineerings, Sh. 34 n. S'hai Docks, Sh. $118 n.
Colton Mills. Ewo Cottons, St. $10.80 b. S'hai Cottons (old), Sh. $761⁄2 n. S'hal Cottons (new), Sh. 844 n. Zoong Sings, Sh. $11 D. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc. H.K. and S. Hotels, $5.40 b. H.K. Lande, $50 b.
H.K. Lands 4% Debentures
prem, buy.
S'hal Lands, Sh. $27 1. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n. H.K. Realties, 84% b.
Asia Healties "A", Sh. $140 n. Asia Realtles "B" Sh.$20 n. Chinese Estates, $90 b. China Realties, Sh. $15% 0. China. Debentures, Sh. 187 n.
Public Utilities."
H.K. Tramways, $20 b. Peak Trams (old), $15. n. Peak Trams. (new), 37 n. Star Ferries, 898 n.. Yaumati Ferries, $211⁄4 n. C. Lights (old), b. C. Lights (new), $8.30 b. H.K. Electrics, $71 b. Macao Electrics, $25 a. Sandakan Light, 38 B. Telephone (old), $23.80 sa. Telephone (new), $11.b.- China Buses, Sh. 13.20 n. Singapore Tractions, 4/9 b. Singapore Pret 17/9 b...
Industrials.
The following telegram was re- ceived by Mosare. S. E. Levy from
Reuter:
re-
Chicago Wheat:
September
December May
Favourable factors prior to the opening of the market. (1) Fol- lowing the resignation of General Hugh Johnson, it is expected that Chicago. Corn: within few days President Roosevelt will announce the
the N. R. A. organisation of
more constructive which will be % both to business and to the mar ket. (2) Expectations that the new margin rules will prove to be liberal have helped to stir up of liberal have helped to stir up bull, while yesterday's rally wae considered very healthy. (3) The volume of trading is increasing
the upturn. factors were:-(1) Textile mills are slow in re-opening, due to the lack of orders. (2) The unsettle- ment of foreign exchanges,
On
May July Unfavourable New York Silk:
December February
Night Telegramá
The following telegrams were ceived by Messrs. S. E. Levy &
April
Co, through Reuter last night is It Insured? ?
The market is mora, active and steady. A little profit-taking has jappeared here and there, but sen
timent is brighter and some.... ex- tension of yesterday's rally is generally expected. Steel opera- tions in the Chicago area rose by 4-1/2 points to 265% of ca- pacity.
(Continued on page 9.)
AMERICAN REPUBLICS SEEK TO PAY DEBTS
Malabon Sugars, $8.70 n. Cold: Macg. (ord.), Sh. $21 n.SOUTH Cold: Macg. (Préf.), Sh. $20 n. Canton Ices, $24.b. Cementa, $2.40 sa H.K. Ropes, $84 n
Stores, etc.
Dairy Farmis, $24 b. Watsons, $5,60 m. Der. A. Wings, $1 n. Lane, Crawfords, $4.15 n. Mackintoshs, $21 n. Sinceres, $10 n.
Win. Powells, 70 cta, n Wing On (HK), 110 m
Miscellaneous, H.K. Amusements, $4 n. Entertainments,57% ne 8.0. Enterprises, $1,80 n. -- United Theatres, Sh. 81% n. Macao Greyhounds,;. $2 ̧n. Constructions(old), $1.80 n. (new)78 cta.
Cons
New York, To-day. It is re- ported that several Latin-Ameri ca Republica are likely to open debt negotiations with the United States shortly, which explains the recent sensational advances in South American bonds, some of which are now double their 1984 low levels, United Press, per S. E. Levy and Company.
RUBBER RESTRICTION
"QUOTA SETTLED
The Amste
London,
Iarnranco = All Clandes
LOWEST. RATES MAN American Asiatic Underwriters Fed, Inc, USA; General Agents
Head Office
17, The Bund
Shanghai”
ILK. Offer Asla Life Buliding Tel:20234
SAVE SOMETHING
START NOW UNDERWRITERS
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FOR THE FAR EAST,
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Tel, 50234
S. E. Levy & Co.
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"SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
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Members:
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CORRESPONDENTS FOE
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801014