BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Botherland Capital
$50,000,000
Stoned and Fully Paid-up C HOT ON 168 2,000,000 Bore Funde
Bling
BUT
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
Incorporated by Royal Charter, 1853.
"HEAD OFFICE: LONDON
£ 6,34,000 $20,066, DUG
$29,300,000
Paid-up Capital Reserve Fand
Barva Lability of Proprialpre
HEAD OFFICE, HONAKOSO,
BOARD OF DIRECTORS, Hou, Mr. J... Mackie
Chalcons,
B. II. Dodwel, D.
Deputy Chana11.
Hm, ir. W. H. Vid.
dată. Campton, Rey,
M. 1. Koowlsh, Eng
0. Enight, Ex.
AdUY
J
JANGKUK BATAVIA BINDAY
DALCUTTA
UANTON
СПЕР
CALAMBO
DASHER
YOUCHOW
KAJENOR
SAMBUBO
HANKOW.
KARDIN
BONOKEW
UILO
ДРОН
, IDHORN
KUBE
KUYLOUN
Reserve Liability of Pro-
prietors
.48,000,000 £3,000,000
THE CHINA MAIL, TUESDAY, NOVEMBER 6, 1934
Commerce and Finance.
LOCAL DOLLAR DECLINES
8,000,000 Silver Prices Fluctuate
Agencies, and Branches:
Alor Ba
Haila
Rangoos
Amplianc
Baljon
Bangkok Balafia
rachi
Kiong
15; Müalin, Esq.
KH. Marco, Lag
T. E. Pate, ag
Bombay Calantia
Iol Kusta
Canton
Grgur
Dawnpore"
Bucking
Cobu
Hadras
Bezro Barretan Shanghai Blagapore B111& Saurabaya Telp
{Colombe
Manila
DIAL
Made
Tongka
Halphona
Maw York
'Peipion
Hankow
Peking)
Y. M. Gengtourn, kung,
Chial Mausger
BILA NOVES
LANDUN ESTINS
MALACCA
MANILA
MUAR (Jubare)
MIADEN
NEW YORK
PEIPING PENANO
BANDOON
SAIGON
SAN FRANCISCO
KUALA LUMPUR
BANGAL
SOAPULE
BOURABAYA
SUNDEL PATANI
TIESTSIN
TOKY
THIS TAO YOKOHAMA
Currant opened in Lual Currency
Fiss Depaalia received for ons jou seter periode la Local Compuy and sele
terms which will be qustat on appli Hug Hoog, th April, 1994.
Hoa Loa
(Baker) Idapto
Tokobams Zamboanga
*Foriga, Desbangs and Desert Sanking busisime
traancial
The local dollar has declined opening on demand to-day at 1774. Spot and forward silver closed at 23-7/16 and 23-9/16, respectively.
The London on New York cross- rate, which closed on Saturday at E-US$4,07% closed at £-U.S.$4.- the New 99 yesterday, while York on London rate closed at —U.S.$4.98%, as compared with
Surreal books opened and Fixed Deposits U.S.84.98. rosited for on rase or shoetge picloda at inter }, which will be quoted on application.
W. HE THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
SAFETY FIRST !
To Safeguard Your Valuables and Jowelleries.
Deposit them in a Vauli that is really: FIRE-PROOF BURGLAR PROOF DAMP-PROOF! OUR SAFE DEPOSIT VAULT HONG KONG SAVINGS BANK. located on the Mezzanine Floor of
The Busloma of the abors Bask ta condue by the 10NG KOND AND SHANGHAI BANKING CORPORATION. Hulen may be seload on application.
FOR THE HONG KONG IND STANOLLAI BANKING CORPORATION
V.M. GRAYBURN,
Chief Maunger.
(3.ng Kong, Mb Pabruary, 1996,"
THE BANK OF EAST ASIA, LTD.
-$10,000,000,00 thorized Capital
..... 5,600.00), UN Paid-up Capital abacat
merve aud Undivided front $3,14,000.00
HEAD OFFICE-HONG KONO
19, Des Your Bodentral
BOARD OF DIRECTORS—
Bir Hhodhon Chow, Chaduws
14 Roos but Kaq, F. K. Kwok, E. Wang
Za Toog, E., Chan Ching Shel, Esq., Ed Lat Bag, Ezg.. Trang Chu Van, Eng, and
, Код
Han Tong Po, Leq., Elsiet Manager.
Lá The Four, Eag, Mockget.
BRANCHES AND AGENCIES:-
Moulin
Melbourne
Nagmaaki
How Yick
St
beastsag Shangha
-Soprabaya Below
BRITISH MARKET ACTIVITY
New High Records Set Under War Loan Lead
London, To-day. There was a further rise in the
of British price
Government securities yesterday afternoon un der the lead of the War Loan 31⁄2 per cent, which closed at 1053.*
Console 2% per cent., moved 1% Our New building is Specially Con- structed to provide all of these Imper cent, and then moved to 1% to portant Qualition.
83%, the highest since 1909, and You may obtain Safe Deposit local loans, rose to 96, the highest Box in this most up-to-date Vault for since 1910. your own me 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 market was influenced by the fall in Treasury bill rates and by the announcement of the clearing
banks decision to reduce, after Thursday next, for a trial period of three months, the minimum charge for short loans against bills from one per cent. to a half per cent.-
THE BANK OF CANTON, LTD. British Wireless Service.
Established 1912.
Head Office:Hong Kong,
Authorised Capital
an Tig
Paid-up Capital
Total Resoureda .............
Galon
Ovaka
Parle
Hankow Homeinin
Prising
bydany
Paanog
Takes
Banjoon
Tientela
Marisca
Balgon
Tokyo,
Franciao
Tanoeuver
مامم
rary Songson of Desking and Zicker
Louna grauled on approved ditenaadlad.
Becurities.
OMITEMS Account opsed to Low! Ourmuo Flead Beposita received for ase your
eta partida in Local and Foreign Currenc Seems which will be quoted on application.
Nada Deposit Jose To Let.
KAS TOSO PO.
Mag 200. Lak Merah, 1954.
Colet Manager,
孵
THE BANK OF TAIWAN, LTD.
Head Office-Taiboku, FarmeUS, Incorporated in Japan by Special Imperial Charter, 1899,
Central Bank of Formoss, Notes
isauod Average amount Y.45,000,000
Branches and Agencies. Japan: Kobe, Usaku, Tokyo, Yoko hasa, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko. Engi, Heito, Giran.
China-Andoy, Canton, Foschow, Hán-
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
$11,000,000 8,655,000 82,179,492
Branches: Canton, Tolshan, Shazighat,
| Hankow, Bangkok & San Francisco.
BANK REFORM LAW WILL FAIL
Fletcher's Prediction
SPECIAL TO CHINA HAI (By Telegraph, Cópyright. Telegra London Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking phio Messages Ordinance, 1891, Re busingan of evety discription transceived November 6, 821 a.m.)
Washington. To-day. noted.
Current Accounts, opened and Fixed Senator Fletcher has predict- Deposits recet red for one year of ed that drastic bank reform legis shorter periods at raten which will bellation will fail and doubted whe- quoted on application.
Safe Deposit Boxes (various sise)ther a central bank would seri-
ously be considered. for hire.
LOOK POONG SHẲN,
TRA
INC.
Chial Manager.
The present laws... he said, should be clarified by an amend- ment or by some other way and tested thoroughly before being altered. United Press, per
AMERICAN EXPRESS COMPANY, S. E. Levy and Company.
US, COTTON CONSUMPTION ON DECLINE
Head Office:-65, Broadway, New York
..U.S.$8,000,000.00 2,087,112.69 1,995,828.31
Nica Naples Pires Paris
Palerme Britesdasa
Capital Surplus Reserves
BRANCHES:----
materiam
Glasgow
Betin
Bekle
Bombar
Bren
Bros.is
Hackberg
Haldelberg Istarlakes
Looden
Engino Margollow Mock
Vladim Vardo Tekokaa Zurich
Oklopite Палом ་ Colombo
dogs
Doblin Rainburgh
Genera
Munich Mostranz
Bothampton Slpape Tandas
On and after April 20th, 1984, the rate of Interest on Special Carrent Deposit will be at 15% pa. on daily balanco and the 'rate for balance over $10,000 will be quoted, on application [Maximum ratomil1⁄4).
Y. OHNO, Branches of American Express Com
Manager.pany in Principal. eitles of "United
States of Amerfen and Canada.”
Hong. Kour Branch
8, Des Voeux Road, Central,
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
All classes of Commercial Banking Transactions undertaken.
Porsonal Investment accounká handled.
Company offers to intending The Travellers the use of its "Travelers Choques" and Letters of Gredit and, Yen.124,250,000 In addition, the world-wide services
Capital (fully paid-up) Yen 100,000,000 Beserve Fund
Head Offee-YOKOHAMA
Branches 'and 'Agencies ́at: Alexandria
Estaris
Berlin
Bombay
Calcutta
Cantop
Nagasaki Nagot New York Danks Parts Peiping
Dairen (Dalny) Rangmon Fengtien (Mukden) Rio de Janeiro Hamburg
San Francisco Hankow.
Beattle Harbin
Somaring Shanghai Singapore Soerabaya
Hong Kong Honolulu
Hainking
Karschl
Kobe 7
London
Los Angeles
Moji
New York, To-day.-Consumption of all kinds of cotton in America during September totalled 1,879,000 bales, as against 1,986,000 bales in August and 2,043,000-hales in Sep- tember last year, according to the New York Cotton Exchange- United Press, per S. Ej, Levy and Company.
FRENCH GOLD FLIGHT TO U.S. EXPECTED
New York, To-day-United States Bankers expect increased im- ports of gold from France-United Press, per S. E. Levy and Company
THE SHANGHAI COMMERCIAL *& SAVINGS BANK LIMITED"," (Incorporated in China)
Reserves z
Capital paid up. $8,000,000) 4"
274:$77,000,000:- Capital, Savings Dept, $500,000: Reserve, Savings Dept.::$600,000.
of its thoroughly equipped Travel De-Head Offen-Shangkal partment!
0. 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 led
Current Accounts opened, and Fixed Deposits received for one year orʼahor" ter period at rates which will be: quot- ed on application.
Safe Deposit Boxes (various sizes)"} [for hire.
PHILIP GOOKCHIN
Chlet Manager. LEGOCKCHIN
Assistant Manager Son
ASALISBHU FONG,
A Bank having an 114 klsalon the Industrial development of China and the fostering of her commer» cial relations-abrosdometa
· Hong Kong, 'offes—7′ Ito' House St.
Phone: 31481–14
Is It Insured? ?
· Insurance *** All: Classes WELOWEST RATES LAR American Asiatic Underwrite
Fed. "Ine U.SZE General Agents":
LOCAL
SHARES.
TO-DAY'S QUOTATIONS,
The following in the list of local share quotations issued 'to-day:
Banka,
H.K. Bank $1830 b., $1,650.8. H.K. Bank (London), 188 n. Chartered Bank £16 n. Mercantile Bank, A. & B. £30 n. Mercantile Bank C. #18 n. Bank of East Asia, $98 n. Am: O. Finance Corp. 8h. $20 a. China O. Fin. Ord., 8h. $4 n. China O. Fin. Pref. Sh. 85 m.
Insurances.
Canton Ins., $285 n. Union Ins., $515 b, China Underwriter, $1.10 b. China Fire Ins, $510 n. H.K. Fire Ins., $2371⁄2 n. - International Assce. Sh. $6 n.
Shipping.
Douglases, $41 n.. H.K. Steamboats, $74 . Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), 888 m. Shell (Bearer) $48/11⁄2 n. Union Waterboats, $18% n.
Mining.
Antamoka, 60 cta, n. Balatocs, $87 n. Baguio Gold, 46 cte. x. Benguet Consolidated $18.75 Benguet Exploration 18 cla.,, Benguet Goldfield, 20 cts. n. 'Big Wedge, 10. eta. n..
Gold Creek, $2 ■.
Gold Rivers, 22 cts. n. Ipo Mining 821⁄2 n. Itogans $6.30 n. Salacots 16 cts. n. Kailan, 21/3 n. Langkats (Single) Sh. $17% n. S'hai Exploration, 8h. $5 S'hai Loans, Sh.80% n. Raubs, $11 b. Venz; Goldfield, $5 n.
Docks, etc.
a.
H.K. Wharves, $107 b. H.K. Docks, $12 b. Providents (old). $1.55 b. Providente (new); $50 cts. n. Hongkews, (old) Sh. $315 n. New Engineerings, Sh. #5%1⁄2 n. Shai Docks, Sh. $128 n.
Cotton Mills.
.
Ewo Cottons St. $9.90 b. S'hai Cottons (old), Sh. $779. S'hai Cottons (néw), 8h. $481⁄2 n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. $65 n.
Lands, Hotels, etc. H.K. and S. Hotels, 34.60
$4.55/60 sa.
H.K. Land $61 0.
H.K. Lands- 4%. Debentures 2%
prem. D.
Shanghai Lands, Sh: 129 n. Metropolitan Lands, Sh.. $14 n. Humphreys, $9% 1.
H.K. Realties, 94% 1í. Asia Realties "A”, Sh. $140 n. Asia Realties "B" Sh.120 m. Chinese Estates, 190 n... Chine Realties, Sh-$18% n. China Debentures Sh. $178 n.
Public Utilities. H.K. Tramwaye, $19.85 n. Peak Trams (old),"$14 n. Peak Trama (new), $7 n. Star Ferries, 1974. n.' Yaumati Ferries 8224 n. C. Lights'(old), $8.55, s. C. Lights (new), $870 n. H&K; Electrics 208in. ~Macao Electrics, $25;n.: -Sandakan Light, 38 a.
Telephone. (old), $281⁄2 5. Telephone ́(new), $10 n. China Buses, Sh.($18.20 n. Singapore Tractions 4/3 b, Singapore Pref. $17/9_b.
*** Industriálu. Malabon Sugars, $8.70 n. Cald: Macg (Ord:), 8h: $21 nộ Cald: Madg. (Pref:), Sh; $20 Canton Ices, 88 b... Coments, $2.15 8.. HK. Ropes, $8 n.
Stores, etc.
Dairy Farme 21
Watsons, $66,0 m "Der. A. Wings, $1 m.
Lane, Grawfords, $4;n. Mackintcehs, $21,n.t Blaceres, $10
Wm. Powella, 70 cta. n. Wing On (HK.) (110 n.
Miscellaneous.
H.K. Amusements, $4 Entertainments, $71⁄2 n S.0 Enterprises,=1:1.
Theatres, Sh
reyhounds,'
Vabri
(old), $1.80 n. 2 (new),75 cta. b.
Piling, $8.60; n
Govt 5% 1925 G#Bag,——–87%1 H.K, Govt: 4%. Losn 8% prera, fie Gort.8% Loan 25%
lace Harpers,” IND
RAIL INDUSTRY REQUIRES REVITALISING
Eastman Makes Recommendations
Birmingham, To-day.
In a speech here yesterday, the Federal Co-Ordinator of Trans- portation, Mr. Joaoph B. Eastman, urged the railroads, labour, and shippers to co-operate in an effort to revitalise the rail industry.')"
He recommended the pooling of cards and traffic, the Joint use of shops, the modernisation of equip ment, a reduction in transfers of freight and care, and simplication of inter-company necounting through a clearing house-United Prese per S. E. Levy and Company.
MILK INDUSTRY IN AMERICA
Minimum Price Fixing Constitutional
PRE-ELECTION
APATHY SEEN ON
WALL STREET
Bright Forecast For Steel
PIG-IRON OUTPUT UP
NEW ADVERTISEMENTS
PUBLIC AUCTION
Tinstructions to sell by Pabli
THE Undersigned have received
Auction......
ON
Friday, the 9th. November, 1934; commencing at 2.30 p.m.
at their Sales Room,
Duddell Street
'A Quantity of
VALUABLE HOUSEHOLD
New York, To-day. Wall Street expects pre-Election apathy. Favourable market factors yesterday were that the magazine Steel" has reported that produc tion of pig-iron during October Comprising: totalled 961,540 tons, 6.8 per cent.|
FURNITURE
Teak hatatands, Chesterfield.
extension
above the September production couches and armchairs, Teak ca- dining and has predicted steady increases binets, Teak in steel production, and that gase-tables and chairs, Teak cheat of line producers are uniting in an drawers, Teak bookcases, Teak effort to maintain the price struc, bedstead, Teak wardrobes with
mirror door, Teak dressing tables,:: ture
chost, Was Tea poys, Screen, Ice An unfavourable factors that the Federal Reserve Board Bronze ware, Cutlery, Dinner has reported that Bank debita crockery, Glass and brass ware, totalled $6,697,000,000, 5 per cent. Pictures, Carpets, Gramaphones SPECIAL TO SUNDAY HERALD. below those of last year.-Reuter.& records, Teak filing cabinets, (By Telegraph, Copyright, Telegra phie Messages Ordinance, 1886, R.S. E. Levy And Company's Report Office desks, Typewriters, Rattan ceived November 8, 821 )
In their market report, Messrs, chairs and table, Clocks, Cloisonne Washington, To-day. S. E. Levy and Company, corres-vases, Books, Meat safes, Golf clubs, The United States Supreme Court pondents for Messrs. White. Wald Fire brasses etc., etc. has ruled that the minimum price and Company, New York state:
also
and
One Cottage Piano by "Robin-
Piano Co."
One Kelvinator.
One Grandfather clock.
On View from Thursday, the
8th. November, 1934.
Terms: Cash on Delivery,
fixing for the milk industry is con- "Stocke:The market was firm-] A Quantity of Blackwood ware stitutional, despite the fact that the er, though there was little change weaker companies may possibly be in conditions. 760,000 shares. unable to maintain the pace. The "Bonds:-United States Govern-son ruling is considered most important ment bonds were easier. High- indicating the attitude towards re-grades were firm, while second- covery legislation.
grades were slightly better.
"Grains:-Messrs. J. E. Bennett The Supreme Court also granted the plea of the Solicitor General, & Co. believe that the grains mar Mr. James C. Biggs, for immediate ket is acting as if it is in a sold- consideration of the devaluation out condition and that purchases advis. question raised the via Missouri-on any good setback are Pacific re-organisation. →→ United able. Total sales: Wheat. 13,- Press, per S. E. Levy and Company. 642,000 bushels: Corn: 6.873,000
bushels.
(Continued on Page 7) Latest Quotations
HOPE RETURNS TO
WALL STREET
Market Now In Buying Level
SPECIAL TO CHINA MAIL: (By Telegraph, Copyright, Telegra
The following quotations have been received through Messrs, S. E Levy and Company and the`Ameri a Oriental Finance Corpora
ttán:
phic Messages Ordinance, 1804, Re-N.Y/Landon |ceived November 6, 821_a.m.):
Cross-Rate
New York, Yesterday.
Last To-day's
New York. To-day. NY. Cotton Dec. ... 12.12 12.04
N.Y., Rubber-Dec. Wall Street is hopeful that mar Chic Wheat-Dec. 98% D8% ket conditions will improve fol- Chic Corn-Dec: 76 77
Favourable Montreal Silver-Dec. 52.70, lowing the election.
..63 .53 factors yesterday were the rise Silver Official
(Dow Jones Avg.) in steel production, and optimigra among the brokers, many of whom figure that the market is now, in the buying level.
10 up
1. To-day'a J Nov. & Close Changa. 30 Industriale 94.95 98,08. 1.11 up: | 20⋅ Rails 34.74 34.92
20 Utilities 19.36 19.40 ,04 up Unfavourable factors were the
40 Bonds....
95.25 98.16 continued market inertia and the 11 Commodity disposition of some traders to Index ... 57.59 57.72 take small profits.-United Press,
17 Leading Blocks per S. E. Levy and Company..
Amar Can Amer Can
GOLD PRODUCTION Ainer Smelt & Ref
IN AMERICA
Amer Tel&Tel
Auburn
J. L. Case
¡Du Pont
September Figure Shows Blee Bond & Share
Increase
- SPECIAL TO CHINA MAIL.
(By Telegraph, Copyright Telegro
General Motors ·
Int Tel & Tel
McIntyre
Montgomery Ward
Nat Distillers
Socony-Vacuum
phie Mersages Ordinance, 1891. RN.Y. Central ceived November 6, 8.21 a.m.)
Washington, To-day.
The Bureau of Statistics shows that the United States gold produc- tion for September was 284,000 ounces, which was 45,000 ouncea more than in August.
was
Nine months' production 2,107,000 ounces, as compared with 1.759,000 ounces last year, A
The world output for the nine months was 19,617,000, as compared with 17,795,000 ounces last year. United Press, pèr 5. E. Levy and Company.
GOVERNMENT SILVER
·TAKINGS IN US.
✅ New York, To-day-The Trea- Bury has announced that the Gov ernment took over 105,226,210. ounces of allver from domestic holders between August 9 and November 2 under the nationalīša tion order United Press, per S. E. Levy and Company.
STEEL PRODUCTION REACHES HIGH MARK IN US.
New York, To-day-The Ameri- can Steel Institute estimates pro- duction at 26.8 per cent. of capacity, |as compared with, 25. per cent. „last week. The figure is, the highest since July 28United Press per 5.-E. Lavy and Company,
GENERAL MOTORS DIVIDEND
eneral
$25
Union Pacific U.S.. Steel West & M
LAMMERT BROS.
Auctioneers.
Hong Kong, 6th November, 1934...
XXX
Everything gone.. BUT YOUR SAVINGS
RENT
Close Close
4.98% 4.99
FOOD
12.07
18.03
CLOTHING
52.40
HEAT
TAXES
WATER
.07 off
CHITS
Close
100%
102
851⁄2
SAVINGS
"111"
25
47:5%
SAVE SOMETHING
981A
30
9
44%
28%
23
Business done;-760,000 shares..
What about, an:
.for
ANNUITY
old age? West Coast Life Insurance Co.
Bornemann & Co.
Des Voeux Rd. Cul
New
START NOW
UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST,
INC.
Asia Lite Building
Hong Kong
Tel 50284
AMERICAN EXPORTS TO
CUBA SOAR
York, Tod
exports to Cuba were 85 per cent above those of last aar. The is attributed to the Regiprocal
Tel. 24512 Agreement-United Press, per
E Lavy and Company.
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 YOLL
17 ICE HOUSE STREET, HONG KONG
Tol 30101 and B0109