BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Anchorland Capital
$51.000,000
feed and Pully Paid-up,000,000
Eero Funda-
Marling
River
£0,500,000 20,00,000
J
Kanarya Ilubility of Proprietors ...$20,000,000
HEAD OFFICE: DONGEONG.
BOARD OF DIRECTONG
Hon. Mr. G. G. 8. Maskin"
Chairman,
8. H. Dodwell, ling
Deputy Chairwan.
4.II, Compton, Esq. Wade Kanwich, E. 11, Kaight, Eng.
ANOY
BANGKOR
BATAVIA HRBAY
JALCUTTA TARTUS
NEPOU COLOMBO
DAIBEN POUCHOW MAIPHONO RAMBUNG
BANKOW HARDIN BOXOKKW HAMA!
XPOR
JOUORE
NOBE
EUWLOON
Y.
Calet Mauges.
་
BRANCHES-
LONDON
LYONG
MALAGUA MANILA
Mais (Joburg) MUKDEN
NEW YORK
PRIPISO
PENANO
·BANU DON
DARION
BAN FRANCISCO
SHANGHAI
SINGAPORE
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1885.
HEAD OFFICE: LONDON
THE CHINA MAIL, WEDNESDAY, OCTOBER 10, 1934.
and
NEW YORK STOCK EXCHANGE
*
S. E. Levy And Co. And A.O.F.C. Quotations
Commerce
Finance.
QUIET RULES ON WHY DISARMAMENT
WALL STREET
¡Continued from Page 93.
In cotton, the tone of the Liver
FAILED
Talk By Mr. George Shea.
At Rotary Tiffin
The following from Newconfidence is dependent a
pool market is heavy, A return of RUSSIAN BARITONE DELIGHTS.
LATEST QUOTATIONS H.K. SHAREBROKERS' York have been received by Mesara clarideation of Washington's long-
have
The following quotations .£3,000,000) been received by Mesars. S., E. Levy
Foreign "Frekings and Janctal Banking byslom Hazeected,
Comes Arouale opened and Pled Deposita Mosivad for one fear or shorter periode at which will be quoted on application.
W. II. E. THOMAS,
Wharves $107 b.
Providents Old $1.45 b. Ferries 07% b.
Yaumat Ferries $21 b.
S. E. Levy and the American Oriental Finance Corporation.
Last
| Loow's Inc
McIntyre
term Agricultural policy.
From Renter;
MEMBERS
An "interesting talk on the sub. CloseOpening 11 am. Wall Street is quiet, but steady, Conference failed, was given by ject of "Why has the Disarmament 4.90% 4.98% 4.89% with changes mostly confined to Mr. George Shea, at the week's 1214
1203 1206 1230 1215. 1221
minor fractions. Continued narrow Rotary Club tiffin held at the Houg 112%
movements are expected, pending Kong Hotel yesterday.
technical digestion of last week's
In the course of his talk Mr. Shea said, "Experience if not logic, his Favourable factors prior to the tory If not reason, should have opening of the markets;
(1) The lack of selling pressure that it simply could not expect to shown to the post-War generation (2) The continued firmness of the secure world peace by setting out Bond market, notably Government rules as to how the world might be Issues.
(1)
Unfavourable factors were:
able to continue the antiquated The slight gain in steel mill activity scientific days.
practice of warfare in these modern somewhat disappointing. (2)ventions and "plans" of disarma
These rules, con-- Carloadings of Western carriers ment may be very impressive, but continue to be below that of last they possess within themselves the-
(3) Most Traders are hesli-germs of their own destruction.". ant pending a technical digestion 214
of last week's rally.
Rotarian M. K. La presided, and According to a survey of the comed: Rotarian M. E
the following guests were wel- Agricultural Adjustment Adminis (Strenport, Louisiana), Messrs. T. Bodd
Paid-up Capital
Reserve Fund
.£3,000,000 £3,000,000
ASSOCIATION ·
Reserve Liability of Pro-
prietors
Stock Report
Agencies and Branches:
and Co. and the A.O.F.C.
NY/London Cotton Dec.
Alor Star
trol in
Oct. 8 Oct, D
Amrileny
Spo
Salgon
Bangkok.
Karachi
Heirong
New York Colton:
G. Sitakin, Eng.
ilatavia
Klang
Sembe
K., Mornou, Eaq,
Doutey
Kobe
October
12.03
11.02
Mangal
2. E, L'aarte, Kag.
Calenti
Kuala
Kingspor
December
12.14
12.03
The following report was issued. Mar. Closing Closing by the Hong Kong Sharebrokers'
Association yesterday afternoon:
Underwriters $1.10 b.
Silk Dec.
112
Rubber Dec.
1406
1357
Mar......
1441
1404
Beton
Luranger
Het b
C. Wheat Dec.
96
90%
rally.
Cawnpore
Kuching
Surabaya
January
12.17
12.07
Douglases $41 b.
1
May
96%
96%
Braybara. Em.
Cabu
Madem
Taiping
Coltenbe
Mandla
Trentaln
· March
12.30
12.14
Dalbi
Medan
Toogiab
Hulptour
New York
{Booker}
May
Hambur
Palpes
Tsingtan
Hankow
July
ing
Yokuhamas
Harbo
Tonan
*surings
Spot
12.36 12.23 12.40 12.26 12.35 12.25
Beng Exploration 20 cta.. h. Gold Rivers 22 ets, b.
C. Corn Dec.
73
734
May
7516
75%%
Hong Kong
New York Rubber:
United Paracales 31 ets., b. Hotels 36.40 h. 351⁄2 8. $5.471⁄2 Lands $50 b.-
W. Wheat May. 83
83
STOCKS:
sa.
Amer Smelt
34%
Auburn
24%
October
13.81 13.46
Con Gas NY
277 24
2414 24%1⁄2 27
December
January
KUALA LUMPUR
Acting Manager. Hong Kong, 20th February, 1934.
March
May
13.69 14.06 14.18 13.80 14.11 14.09 14.64 14.28
Du Pont
89%%
9014
00%
El B« & Sh
10
10%
10%%%
Gen Motors
291
lis 20
Ini Tel & Tel
· 94 -
0%
July
1.1.87
14.52
Lights Old $8.65 b Lights New $8.35
28%
282
281⁄4
45%
45
44%
year.
Chicago Wheat:
27%
27%
277%
Electrics $70 b.
21
21
December
96%
967%
Telephones
Old $22.30
21%
21%
21%
May
964
97
$22,60 sa.
July
91%
911%
Stan Oil NJ U.S. Steel
47
43
Head Office: Hong Kong.
__.com
Chicago Corn:
33 334 31 London Prices.
Authorised Capital
Paid-up Capital
$11,000,000 8,855,000 32,170,192
December
TR
74%
May ...... July
76% 76% 70%
76%
October
December May
78% 77*1 787% 78%
833% 831%
Constructions Old $1.65 b. Constructions New 78 ets b. Lane & Crawfords $1.10 8. Govt. Loan 4% 72% b. Nanyangs $1.65 b. Govt. Loan
4% s. Vibro Piling 51⁄2 1.
one year or
horter periods at rates which will be quoted on application.
October March
1.01
1.89
1.86
1.83
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chist Manager.
May
1.89
1.86
July
1.94
1.90
New York Silk:
December
1.12 1.13
February April
1.15 1.15 1.15% 1.15
SOT HAHAYA
SUNTED PATANI
TRENISIN TUKTO
YOKOHAMA
force Acequia opened in Laval Currancy Fixed Deposita received for ona yon CT sorter periols in Lonal Company and Sterling alerton what will be quoted an application Hong Kong, th April, 1994
HONG KONG SAVINGS BANK.
The Busines of the above Bank is conduct
by the HONG KONG AND SHANGHAI BLURING CORPORATION. Blute may b slained on application.
PUR THE HONG KONG AND SHANOUA DANKING CORPORATION
Y. M. GRAYDURY,
Chist Manage.
Hong Kong, ă Fabruary, 1934.
THE BANK OF EAST ASIA, LTD.
Authorland Capital s
dup Capita)
Me and Undivided Froß4
$10,000,000.00
5.4..(k. $2,164,000,00
HEAD OFFICE-HONG KONG
12, D Tau Bond Ceain
BOARD OF DIRECTORS—
Sir Shoya Chow, Chalen
Lepa Ciran, Esq., P. K. Eval, Evq.. Woog
Yuu Tong.
q.. Chio Ching Shat. Eng.. EL Bry. Wong Chu San. Erg and Ban Ying D. Paq
Sau Tong To Erg Chief Mengar,
To Forg, Esq., Massage,
GRANCITES AND AGENCIES ——
2007
海
senile Melboursa
Seattle
Swarag
Bombay
Надмекі
Onlostia
New York
Sieppere
Fialo
Qinla
bourabaya
Paiphong
Below
Basker
Priplog
bydney
Homulu Kabe Marteloom Lor
Pemaha
Tabaku
Rangoon
Tímatala
Saigon
Takys
San Francisz
Paris
Yokoham
Every deanription of Beaking and Exchange tracted. Loans granted on approved
Bri
flrrect Apoputa opoued to haul Curre Bad Fixed Deposite received for Jos
One
vier periode io local and Foreign Currencies sema waleb will be quoted as application.
Vala Deponit Poker To Lat
KAN TONG PO.
Chief Manager.
Hong Kong. lat March, 1934.
THE BANK OF TAIWAN, LTD.
Head Office:-Talhoku, FermoHS,
THE BANK OF CANTÓN, LTD.
Established 1912.
Total Resources
Branches: Canton, Toishan, Shanghai, Winnipeg Wheat: Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking (business of every discription trans- [acted.
Current Accounts opened and Fixed New York Sugar: Deposits received for
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
portant Qualities.
of
PORT HOUSTON MADE MONEY
1984.
You may obtain a Safe Deposit Box in this most up-to-date Vault for mi 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.
THE MERCANTILE BANK OF
.::
INDIA, LTD.
HEAD OFFICE
18. Glenburch Street, Lonim, B...
Authorized Capital
....£3,000,000
Subscribed Capital... 1,800,000 Paid-up Capital
.... 1,050,000
Reserve Fund & Rest 1,247,432
DANKERS:
The Bank of England & Midland Bank, Lid.
Telephones New $10.60 3. Canton Ives $2.55 b. Ropessa.
SHANGHAI STOCK
MARKET
Continued Decline In Ewo's
A.O.G.C. COMMENT
Mont Ward Nat Dist
b.INY Central
(Baules) less with a few Shanghai Power
BRANCHES
Bangkok
(pob
New York
Bartbay
. Kandy..
Penang
Calcutia
Karachi
Part Γουί
Colombo
Kota Bharu
Delbl Gaile
Ronda Islpin
Konds Trumper
Bedra
Rangoon Shanghai
Stopspore
5.30 p., and 10.30 p.m.-
The following quotations from Lon-tration, the purchasing power of P. K. Kemble, M. W. Lo, J. L. Lil don were received last night between farmers during June, July and ton, J. R. Swalis, J. W. Brown (Lon- August increased by 44 per cent don), S. V. Boxer, Edward To Tung Silver: Spot 227k (last close), 234 with farming income during that (Shanghal), T. F. So, C. Y. Kwan, Silver: Forward 23 (last close), 23% period totalling $1.508,000,000, com-F. Zimmern, W. Zimmern, and J. M.
(last red.), 3⁄4 up (change).
pared
with $1,316,000,000 in the
for the
(last roed.). p (change).
Silver Report: The advance is corresponding period of last year Dalgarno, (Aberdeen). chiefly due to general speculators buy-and 3913.000.000 Jing. China Banks sold. Speculators
sold at the advance. {xtendy,
Market closed period in 1932.
same
Mr. Seraphim Strelkoff, the fam-: ous Russian baritone, who was a Factory employment in New York Ruest of the President, delighted Gold: 142/6 (last clae). 142/9 (last State from the middle of August to those present with his rendering of
September Increased by 1.3 "The Volga Boatmen."
reed.), 3d..up (change).
London/N.Y. Selling Rate: 4.90%|
per
(last close). 4.89-9/16 (last recd.), cent. and pay-rolls increased by 0.40 1-3/16 down (change).
per cent., with indices rising to CREW RESCUED OFF London/Paris Selling Rate: 73.9671.3 and 672, respectively. (last close), 73.84 (last recd.), .12 down
STRANDED STEAMER The stock market, thus far, has (change).
been influenced
by
the
Liverpool Cotton Jan.: 6.64 (last not close), 0.52 (last recd.), 12 down assassination of King Alexander of City Of Cambridge May (change),
Yugo-Slavia. Comments in this con- Be Total Loss Liverpool Wheat-Dec.: 5/2% (last nection are scarce, pending further close), 5/3% (last reed.), up developments. (change).
An immediate con- H.M.S. SUFFOLK DUE TO-DAY
London Rubber-Jan-Mar.: (buyers) sequence, however, was a three- (last close), 7 (last recd.), % down point rise in the Sterling exchange, (change).
which had earlier in the day ed Bank line steamer, City of The entire crew of the strand. 7-3/16 (last close) 7% (last recd.). 1/16 French francs have also weakened, island reef, about 200 miles from
London Rubber-Jan-Mar.: (sellers) displayed pronounced
weakness. Cambridge, aground
оп Pratas (buyers), 7 (last resd.) down (change).
London Rubber-Jan-Mar. at noonjwhile French, Serbian and Yugo Hong Kong, have now been rescued
Slavian bonds dropped a point or by H.M.S. Suffolk and more, but offerings were not heavy brought to Hong Kong to-day.
will be
SHARE MARKET.
:.
Life-boats from of the Suffolk yesterday had to row approximately ten miles through dangerous water, The Oficial Summary of the and frequently the crews
were
pectively.
ICE.
Houston. Texas.
The Shanghai Stock Market re Port Houston made a profit of mained very quiet last Tuesday. more than U.S.$25,148 from city The feature of the debenture mar- facilities of the ship channel ket located on the Mezzanine Floor
was a line of $50,000 Realty Our New building is Specially Con during the first six months stracted to provide all of these Im-the fiscal year ending July 20, hands at 100 cash. After a long of Investment 6 per cent changing
period of inactivity, 500 China
London's Forecast Realty changed hands at 12.25 for A forecast from London on the pro- October. The market for Ewos bable trend of the New York market, was a little easier with 500 shares states:—
In the absence of any stimulating! changing hands at 10.60 cash. factor, another day of apathetic con- The Shanghai rubber share mar-ditions is anticipated on Wall Street, ket was active and steady on that with prices showing an inclination to Hong Kong Stock Exchange issued forced to drag their bonts wer
jon yesterday at 3.15 p.m. day, 100,000 shares changing hands, droop.
Įthe shallows. The rubber section of the market
In Wheat, the entire absence of Little interest was displayed in speculation and the changes of Govern-to-day's
They approached the wreck from market remained steady on the next day, ment attitude are temporarily depress-
owing to to inside the lagoon -and took off the but with only a half-day session and ing factors.
morrow being the Double Tenth officers and men of the freighter In spite of the further rise in the without accident. Rubber prices may open lower. a decline in all of the primary mar kets, the volume of business was open lower, but only temporary, Hedg-through at $1670 and $580
The Colton market is expected to dollar Banks and Unions were put
May Be Total Loss small. The general market was life- ing is moderate.
It is feared that it will be Local Investment impossible to salvage the City of preference shares changing hands couraging, on the following day, Zoong Sings were sold to the North battered condition. She is stated issues continue dull a parcel of Cambridge owing to her present at 142.75. cash and Shanghai Tele with prices more or less nominal at $9.30 ex. Dividend. phone 6 debentures being done at and very few transactions
put through. The feature of the Thursday being Settlement Day. general market was the weakness and all brekers engaged in clearing of Ewos, business being done as low their accounts, there was nothing of as 10.20 for October. In the de interest to report.
benture market over 2 lakhs of Following a decline in the New Shanghai Power 62% changed York and Singapore raw
rubber hands at 101: markets, operators lowered their Very quiet conditions prevailed buying rates on Friday, but did not in the local rubber share market on lower their selling rates, with the Monday. The firm close of the raw THE SHANGHAI COMMERCIAL||result that very few shares chang- commodity market in New York was ed hands: There was nothing of not reflected here, and rates were & SAVINGS BANK LIMITED
interest in the general market; 500 barely steady. The only item of inter- (Incorporated in China) ·
New Engineering Ordinary chang-est in the general market was the ed hands at 5.07% 300 Wheelocks continued decline of Ewos, in which at 13.10 cash and 10 Union Insur stock the following transactions ance at H.K.$585 cash.
were put through. 1,000 at 10.10 [cash, 555 at 10 cash and 500 at 10.10
Head Office:-65, Broadway, New York
. Incorporated in Japan by Special Imperial Charter, 1899.
Capital Surplus Reserves
Central Bank of Formosa, Notes
issued Average amount Y45,000,000
Branches and Agencies.
Hddelburg Interlaken
U..$6,000,000.00
2,087,112,69 1,995,528.31
BRANCHES:-
China:-Amoy, Canton, Foochow, Han-
Japan:-Kobe, Danka, Tokyo, Yoko-
hara, Keelung, Makong, Nanto, intwerp Shoka, Shinehiku, Taichu, Tainan, Taito, Takao, Temsui, Toen, Korenko Kagi, Heito, Giran.
Amsterdam
Gopo Gingow
Hisa
Nice
Atbanz
3
Raplas
Asuna
Helme
Berlin
HATADE Hamburg Har
Tirun
Paria Pelpin
Bombay
Palerma
Braten
Motherders
kow, Shanghai, Swatow. Other:--Bombay, Hong Kong, London, re
Brussela
Jerusalem
B
London
Calcutta
Liverpool
L
Ringapo
Colombo
Ispan
Tantit
Lusor
Hurse!
Simps
Edinburgh
Mocle Carlo
Kaalla
Valdre Tevobama Zurich
New York, Singapore, Batavia, Cancer Samarang, Soerabaya, Dairen.
GILATO
Munich
Medtrout
Shangha
Beethampton
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% pa. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%),
Y. OHNO,
Branches of American Express Com- Manager.pany in Principal cities of United
Btates of America and Canada.
Hong Kong Branch
3, Des Voeux Road, Central.
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen.124,250.000
Bead. Ofre:-YOKOHAMA
Branches and Ageneles at:..
:
Alexandria
Batavia
Berlin
Bombay
Galcutta
Canton
Nagasak! Nagoya New York
·Osaka: Paris
Peiping
Dairen Dalny) Fengtien (Mukden) Rio de Janeiro Hamburg
Hankow
Harbin
Honolula
Rangoon Seattle
San Francisco
Shan
Singapore
Sydney
Tokyo
Tientsin
All classes of Commercial · Banking @ransactions undertaken,
Persona 1 investment accounts Eandled.'
*
The Company offers to intending Travellers the use of its “Travelers [Cheques” and Letters of Credit and, in addition, the world-wide services ita thoroughly equipped Travel Do ¡partment.
C. H. BENSON,
"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 Deposits received for one year or ahor ter period at rates which will be quot ed on application
Safe Deposit Boxes (various sizes). for hire, MEN
Brinking Karschl Kobe London Los Angeles
Tringtaa Manta.
Yingkow
Catorzet allowed ; on Carent Ac- Deposits received for ful Periods
Tates to be obtained on application. L.
G. KISHINAMI Paket Manager Hong Kong, 18th September, 1988;
PHILIP GOCKCHIN Chief Manager GOCKCHIN PAGE LINE
Assistant Manager -
LI SHU FONG (Assistant Manager.
Bài Loại Kant (Fabag) Sirala Howrah
HONO TONO BRANCH Evory description of Banking and Exchange bol 106 cash. ram Unusacted,
TravellersChequr janud.-
Trustee and Executorships under taken.
INTEREST slowed on Current Accounts and Fixed Deposits at Hates that may be acetaled
appleton,
Manager. 1. Queen's Boad Central,
Hong Kong, 12th June, 1934.
...
J. B. HORS,
Capital paid up ....$5,000,000. Reserves
,$7,000,000. Capital Savings Dept, $500,000. Reserve Savings Dept. $800,000.
Head Office-Shanghal -
A Bank having as Its mission the industrial development of China and the fostering of her commer- cial relations abroad: Hong Kong ofco---7 Ice House St. Phone 31481-2-8'
:
Weakness In Ewòs's'
being
The rubber section was not en-October, with further sellers at that
High for 1932-34 Low for 1932-34
rate."
AOF
Average of
Stocks
September 25, 1984-26.21;
January 28, 1932-30.80 August 17, 1934–2492 ..October 2, 1934-25.21
::
Sales H. K. Banks $1670 Union Insurances $530 Telephones (Old) $22.70 China Lights (Old) $8.65)
Govt. 4% Loan 8% Prem.
Buyers Union Insurances $525 Benguet Exploration 21 età. Douglases $41 Underwriters $1.15 Gold River:22 cts. Wharves $107 Hotels $5.40
H. K. Lands $501⁄4 Realties $4%
H. K. Trama $19.70 China Lights (Old) $3.65 China Lights (New) $8.40 Singapore Traction 4/9 Singapore Traction (Pref) Canton Ices $2.80. Constructions (New) 78 cts.
Sellers
to be badly holed and is still pounded by heavy' seas, There are no signs yet of her breaking up.
The tug Talkoo made another attempt to reach the scene of the wreck yesterday. On Monday and the previous day she was forced to put back to Hong Kong owing to the heavy weather.
Is it Insured? ?
Inserindo -- AIF, Claises LOWEST RATES American Asiatic Underwriters Fed. Ino, USA. General Agamaj
18/Head Officeg
H. K. Trams $19.80 Govt, 8% Lean 84% Prem.
[17, The Band,
· Shanghai
Odes Aula Life Building
Tel 30234.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES
BOUGHT AND BOLD 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
TICE HOUSE STREET HONG KONG
Tel, 30101 and 80108
"Tel. Address: Selco