BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Laborland Capital
*već sad Yully Paid-up
Bera Punda
Sterling
*** $80,000,000 30.000.000
£1,500,000
Bitor arcano u $10,800,000
Borro Llability of Propelators $20,000,000
HEAD OFFICE, HONGKONG,"
BOARD OF DIRECTORS, Noo, Mr. G. G. 1, Mackla Chairman,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1868.
HEAD OFFICE: LONDON
Paid-up Capital
..$3,000,000
Reserve Fund
•£8,000,000
Reserve Liability of Pro
prietors
«£3,000,000
Agencies and Branches:
Alor Star
Rangoon
Amrikand
Salon.
Deputy Chairman.
Bangkok
Kanalı
Kerang
10. Miskia, Ex.
Belaria
Berensban
1. Cuaron, keq.
Kick Eag
L. H. Harrison, Log.
Doshay
Shanghai
T. E. Pero, Kay.
Calcut's
Blogspors
Casios
Inipur
Biti
Our pore
Kuching
Bourblys
Orbs
Taiping
Dalombe
Handia
Tival
New York
Stout Mr. W, JJ, Dalvell
W, il. Ball. Kwa+
32 6. Eaight, Esq.".
autor
BANGKOK
MATAVIA
MONDAY CALOUTTA CANTON CHEFOO COLOMID
DAIREN
PHUW PHONG
KAMBURO BANKON
KONGLEW
HARBIN
ILOILO
TOBE
HOWLOON
Y. M. Oraybera, kay,
Chiti Masage.
BRANDLES —
LAINDON LYONN
MADAUGA
MANILA
MUAR (Johor)
MUKDEN
NEW YORK
PEITIKO FENAKU
IANGOON
BAKION
BAN FRANCISCO
KUALA LUMPUR
BILANQUA
SINGAPORE
SOUBABAYA
HUNGRI PATANI
TIENTHIN
TOKYO
THINGTAO
YOKOHAMA
Current Appunta opened to Local Currency
and Vized Deposita recited for one you o shorter periods in Local Company and Berling
Delhi
Uankow
Barbia
Hong Bour
bang Tenang
Tengkak
[(Bazhar)
Yokohama Zamboanga
ertiga Deshange and General Backing buriame
tramoled.
Curreal Accounts spaced and Fixed Depolis received for one year be shorter periods which will be quoted on application
W. B. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934, .
THE BANK OF CANTON, LTD.
Katablohed 1911.
Head Office:-Hour Kong
barms which will be quoted us spplication. Authorised Capital Hong Kong, 18th April, 1934..
Paid-up Capital
Total Resources NAKAKO. Branches: Canton, Tolahan, Shangbat, Hankow, Bangkok & San Francisco.
HONG KONG SAVINGS BANK London Bankers: Lloyds Bank Ltd
The Bus of the above Bank' le consul- br 1 BONG LONG AND SHANGHAI BANKING CORPORATION. Bylee maybe bétained on application.
FOR THE HONG KONG AND BHANGHAI DANKING CORPORATION.
7. M. GRAYBURN,
Cale! Manager.
Mony Kong, Mi February, 1984,
THE BANK OF EAST ASIA, LTD.Į
Bashorised Deplial
Pup Cayital
-$10,000,000,00
››§ 5,500,000.OU
tra and Vndivided Prodie$3,434,000,00
HEAD OFFICE: HONT IDME
El. Das Vaux Blood Contral.
BOLRD OF DIRECTORS—
Bir Bhou-son Chow, Chels
14. Ann Chum, E., P. X. Emak, 294, TOOK
Taa Tong. Eag., Chan Ching Bhak, Eng., Li Lan
Po
Kao Toog Fo, Eng.. Chist ManagİZ,
La Tre Fong, Ziq, Manager.
раничение
BRANCHES AND AGENCIES:-
Mualla
Melbourne
علائمين
Kortals
Bew York
Semarang Shanghai Sinambere
Draka
Paris
Palpins
bydary
Папенд
Hangout
Salgod
Tokyo
San Francisco
Trocoder
Yokohama
27 desongin of Barking and Ra bachon krasanclad. Losse grated e shpetsia
Carten! Accounts opened in Gosal Quresh me Filed Deposita moudend for som jane ne shektár periode, De Local not Porsiga Dammola
Had Deposit Doses' To 'Lat:
KAN TONG:10,
Hong Kong, 4 March, 2394.
THE BANK OF TAIWAN, LTD.
Head Offco-Talkoku, FormDÉG, Incorporated in Japan by Spatial Impérial Charter, 1899.
Central Bank of Fermoss, Notes
isqued. Average amount Y.£5,000,000
Bradekes and Agencies, Japan:-Kobe, Osaka, "Tokyo, Yoko
dama, Keelung, “Mikoëg,” Nanto, Shoka, Shinchiky, Taichu, Tainan, Faito, Takao, Tamsul, Toan, Karenko
1 Kazi, Heito, Giran,
China-Amoy, Cantón, Frochow, Han-
kow, Shanghai, Bwator. Others: Bombay, Hộng Kong, London, New York, Singapore, Batavia, Bamarang, Boerabaya, Dairem.
Foreign Exchange
and Banking business of every discription trang acted.
shorter periods at rates which will be quoted on application.
THE CHINA MAIL, THURSDAY, NOVEMBER 15, 1934--
Commerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Decline
The local dollar is steady, open- Ing on demand. this morning at 1/794.
Spot and forward silver prices declined %, closing at 244 and 24%, respectively.
The London on New York eroga- rate which closed on Tuesday at -U.S.$6,00% closed yesterday at £-U.S.$4.99%, while the New York on London rate closed at £-U.S. $4.99%, as compared with U.S.$5.003%."
EXCHANGES.
TO-DAY'S QUOTATIONĖ.
T.T.
LOCAL SHARES.
TO-DAY'S QUOTATIONS..
NEW YORK STOCK EXCHANGE
S. E. Levy And Co, And A.0.F.C. Quotations
The following quotations from New York have been received by Messra 8. E. Levy and the American Oriental! Finance Corporation.
Last
The following in the list of local NY/London share quotations issued' to-day:
Banks.
.
H.K. Bank 1610 b.. H.K. Bank (London), £134 n. Chartered Bank £16 . Mercantile Bank, A: & B; 292 1. Mercantile Bank C, 18 n. Bank of East Asis, $93 n Am: O. Finance Corp., Bh: 320 a. Chins 0. Fin, Ord., Sh: 14.m. China O. Fin. Pref. Sh. 35 m.
Insurances,
Canton Ins.. $285 8. Union Ins., $520. b. China Underwriter, $1.15 n. China Fire Ins., $510 n. H.K. Fire Ins.,'$2371⁄2 n. International Assce, Sh. $6 2. Shipping,
Douglases, $41 n.
H.K. Steamboats, $74. Indo-Chinas (Pref.), $80 D. Indo-Chinas (Def.), $39 n. Shell (Bearer) $43/1% n. Union Waterboats, $18 n.
Mining.
Benguet Exploration 18 ets. b. Benguet Goldfield, 20 cts. n.
On London-
1774
On demand
1/734
4 months' aight
1/7/
$11,000,000 8,865,000
Credits 4 months' sight 1/8
88,170,492 On Shanghai--
On demand
120
On Singapore............
On demand
70
Antamoks, 60 cts. n.
On Japan:
Balatoca,. $87, n.
On demand
140%
Bagulo Gold, 48 cts. n.
Current Accounts opened and Fixed On India- Deposits received for one YEAR OF On T.T, and demand
Benguet Consolidated $13% n.
1093%
On New York-
for hire.
Safe Depot Boxes (various sizes);
LOOK POONG SHAN,
Chit Mag-
On demand
41%
Big Wedge, 10 cts. n.
Credits 60 days' sight
42%
Gold Creek, $2 mi
On Batavia
Gold Rivera, 21 cts: n.
On demand
60%
Ipo Mining $21⁄2 n.
On Paris
Itogans. $6,80...
On demand
626
Credits 4 months' sight.. 655
Kallan, 19/41⁄2 D.
On Saigon-
On 'demand
62%
Un Manila-
On demand
On Bangkok-
On demand
112%
located on the Mezzanine Floor of
Sovereigns Bank Buying rate
1/8%
244
noma.
nom.
SAFETY FIRST!
To Safeguard Your Valuables and Cavollarios,
Deposit them in a yanis
that is really: FIRE PROOF BURGLAR-PROOP.
DAMP PROOM
OUR SAFE DEPOSIT VAULT
Our New building is Specially Con structed to provide all of these Im-Bar Silver per oz., portant Qualities.
Bar Silver In Hong You may obtain a Safe Deposit Box in this most up-to-date Vault for Copper Cash
Kong your own use at a very, moderate Ren-Copper Cents
1% prem. Inspection Cordially Invited Chinese Sub Coin 272% dis
Rate of Native Interest 8% p.a, THE NATIONAL COMMERCIAL & BÁVINGS BANK, LTD,
Hong Kong Sub. Coin .. Par Corner of Ice House Street an
LONDON EXCHANGES Den Veues Bond. Central
47
Paris New York
London, Yesterday. -76-27/32
Salacots 16 cts. n.
Langkats (Single) Sh. $17 n. S'hai Exploration, Sh. $8% n. S'hai Loans, Sh.$9% 0.
Raubs, $11% n.
Venz; Goldfield, 35 n.
Docks, etc.
H.K. Wharves, $109 n. H.K. Docks, $12%.. Providents (old), $1.55 b.
Providents (new), $50 cta, n. Hongkews, Sh.39.15 n..
New Engineerings, Sh. $5% n. S'hai Docks, Sh. $128 n.
Celton Mills,
Ewo Cottons Sh. 10.15 n. S'hai Cottona (old), Sh. $77% S'hal Cottons (new), Sh. $46% Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. 155 m.
Lands, Hotels, etc. H.K. and S. Hotels, $4.70
$4.80 8.
Close 10.10. 11.00
5.00% 4.99% 4.09%
12.32 12.81 12.42 -12.42
NY Cotton Dec. 12.34
Mar...
12.45 M. Silver Dec. 56.10
Mar... 56.20b NY Silk Dec. 129 NY Rabber Dec. 13.24
Mar
...... 13.58 C. Whent Déc.. 100
May
U.S.
WINTER WHEAT CROP LOW
A.A.A. Section Head's
Forecast
COTTON STATISTICS
BPECIAL TO CHINA MAIL, (By Telegraph Copyright, Telegra phio Messages Ordinance, 1896. "Ba coived November 15, 11:48 am,) ||
PESSIMISM RULES WALL STREET
Railroad Shares Fail To Advance
FEARS FOR GOLD BLOC-
New York, To-day.
Wall Street technicians consider thai a sustained market up-swing Washington, To-day, is unlikely, due to the failure of Mr. George Farrell, chief of the railroad shares to participate in
54.06b 54.70h Agriculture Adjustment Adminis- the advance. 55.70b 55.90tration wheat section, has predicted
will be somewhat below normal.
on 'the
A favourable, factor yesterday 1281b that the 1936 Winter Wheat crop was that oil companies have ad- 13.14b 19.04 13.48 13.85
vanced gasoline prices .094
seaboard. 08% B24
-A census of the United States eastern cotton consumption for October An unfavourable factor was that shows 620,310 bales as compared the crisis in Belgium is reflecting fears for the downfall of the gold
compared with 480,000 in Septem-S. E. Levy And Company's Report
ber and 1,045,000 in October last year....
99%
C. Corn May
83%
W. Wheat May STOCKS:
82%
with 504,055 for October 1983.
Amer Smelting 36% Auburn
36T
807
Exports were 816,000 bales, as bloc
264
25%
25%
24%
2944
97
97
#
30/1
US Steel. 84% 34%
80% D 30% 30TZ 28% 234 23.23% 21 2144 4244 424
844
London Prices
Con Gas NY. 24 Du Pont... 97% Elec Bo & Share 9% General Motors 30% Int Tel and Tel 9% Loew's Inc. ... 31. Mont. Ward ... 28% Nat Distillers.. 23 NY Central... 214 Stan Oil NJ.. 43%
In their market report, Mesgrs. S. E. Levy and Company, corres- Total exports för August, Seppondents for Messrs, White, Weld tember and October were 1,868,000 and Company. New York state: bales, as compared with 2,445,000 "Stocks: We still believe that for the corresponding period of last any reaction should be utilized for purchases. Business done :-960,-- 000 shares.
"Bonds:-United States Govern-
[year.
Spindles totalled 25,095,000, as col compared with 25,888,936 in Octo
per
The following quotations from Lon- ber last year.-United Preas, don wore received last night between S. E. Levy and Company, 6.30 p.m. and 10.30 p.m.
Silver: Spot 24 (last close), 24% (last recd.), down (change).
Silver: Forward 25 (last close), 241% (last recd.), down (change). Silver, Report: China sold. lators bought and sold. Market quiet,
Spect
BRITAIN'S FOREIGN
TRADE
Gold: 189/01 (last close), 199/3 Figures Show Increase (last recd.), 3d. up (change).
London/N.Y. Belling Rate: 5.00 (last close), 4.09-18/10 (last close), 3/16] down (change).
London/Paris Selling Rate: 75,38 (last close), 75.90 (last recd.), 06 down (change)..
Over Last Year
London, To-day.
The Board of Trade returns for
at
Liverpool Cotton-Mar: 6.69 (aat October show Imports valued close), 658 (last recd), .01 down 266,998,580, as against a total of (change).
41
ment bonds were unchanged. High- grades were fractionally better, with buying interest increasing.. Second-grade issues were easier.
"Grains: Barring any tempor- Jary technical setbacks, the trend of the market, especially Corn, -19,519,000 bushels; Corn:-18,- looks higher. Total sales: Wheat:
391,000 bushels,
(Continued on Page 7)
F
TEXAS "HOT OIL CURBED"
$57,798,498 in September, and ex- New York, To-day-The produc- Liverpool Wheat-Dec.: 4/103% (last ports amounting to £36,748,545 astion of "hot oll" in Texas was re close), 4/10% (last recd.), down against £33,957,248 in the previous duced by 75 per cent. last week.- (change):
United Press, per 8. E. Levy and were Company.
London Rubber-Jan.-Mar: (buyers) month. 6% (last clore), 6-7/16 (last red.). Figures 1/16 down (change)...
London Rubber-Jan.-Mar.: (sellers) 6% (last close), 6-9/10 (last reod.) 1/18 down (change),
for
re-export (£4,001,668 last month and £8,249,837
in September.
Figures for October of last year
London Bubber Jan.-Mar.: at noon were, imports £61,765,814, exports (buyers) 6% (last recd.)
London's Forecast
£84,180,986, re-exports £4,571,005. || A forecast from London on the For the 10 months of the current probable trend of the New York year, Imports show an increase overi market, states:
1983 of £66,174,518, and exporta re- Little outstanding improvement is present an increase over the pre- expected on Wall Street. Movements
are most likely to be governed by news vious year of £28,228,309.—British items which come to land during the Wireless Service,
session, “Makan PERS
Cotton may open dúlle? The” Agrícula
LENDING
U.S. To Consolidate Federal Agencies
a.rours increased acrenge fearing the
tural Adjustment Administration to CO-ORDINATION OF n. logical conclusion that no curtailment. in Brazil would provide export com. petition for United States cotton, simi- lar to, the Argentine and Canadian h, justment Administration does not fa wheat situation., The Agricultural Ad
your lower pries, however, hoping that foreign traders will use the credits)
Washington, Today, a President Roosevelt has appoint-] chase cotton.
ed a committee headed by the Rabber prices are expected to be Treasury Secretary, Mr. Henry alightly lower.
H.K. Lands 4% Debentures 1 ring from silver imports etc. to pur-
Prem. n.
4.99%
|AMERICAN = EXPR
Montreal
4.36%
·COMPANY:
Brussels
21:44
"INC.*
H.K. Land,. $511⁄4TM b.
Géreva
-15.39
Amsterdam
7.39
Head Office:-53, Broadway, New York
Milan
58%
Shanghai Lands, Sh. $29 n.
Berlin
Stockholm
Capital Surplus Reserves
12.43 19.39/2
. U.8.$8,000,000.00
Copenhagen Oslo
22.40
H.K. Realties, 141⁄2 n
Vienna
19.90% 27
Prague
Helsingfors
Madrid
Lisbon
Ametardam Adviy
BRANCHES:
diou
Bart Berlin
Hlavans Hamburg Havre
Athens
Bordb42
bar
Brymen
Brussels
Eolaclaben Jermal
Bucharest...
Cairo
Dualis Carper Colombo
Belgrade Rio
LALICE
Marcalion
Mogle Garde
Munich
Monten
Edinburgh
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 134% pa, en dully Terms balance and; the rate for balanos „over || Gipera $10,000 will:ba quoted on application | : (Maximum rata=1%).
Hong Kong Branch
.
London
Liverpool
Lagar
Y. OHNO, Branches of American Express Com-
Manager.pany In Principal cities of United]
States of America and Canada:
8, Des Voeux Road, Central-
All classes of Commercial Banking Fransactions undertaken
THE YOKOHAMA SPECIE BANK Pos on al investment accounts
LIMITED.
Established 1886
handled,
The Company offers to intending Tavallers the use of ita "Travelers
119% 226
86 19/32 110%
528 Sellers
497
219
4% Sellers Official Buenos Aires 28% Sellers Of Montevideo ..39 Sellers Ofclàl· Bombay
1/6 1/16
Shanghal
Hong Kong
Tokohama
Silver Spot Silver Forward
Metropolitan Lands, Sh. Humphreys, 50%
Asia Realties "A", 8b. 1140 n. Asia Realtles "B" 86.320 ¤, Chinese Estates, 390 n.
China Realties, Sh. $151. n. China Debentures 3h: $187 n.
Publie Utilités
H.K. Tramways, $19:10 n. Peak Trame (old), $14 n.. Peak Trams (naw), 7 n. Star Ferries, $97%.
Yaumati Ferries $221⁄2 n.
C. "Light (old); $8.90.b., $9 an. C. Light (new), $8.65 b.
1/4,3/16
H.K. Electrice $67% n.
1/8
Macao Electrics, $25 n.
1/2
Sandakan Light, $8 a,
24
247%
British Wireless Service, (NB. Several words missed and doubtful owing to bad atmospheric conditions)
RAW RUBBER PRICES
Capital (fully paid-up) Yen.100,000,000 Cheques and Letors of Gredit Latest Quotations From
Reserva Fund
... Yên124,250,000 in addition, the world-wide services fits thoroughly equipped Travel De- partment.
Head Office:-YOKOHAMA
Branches and Agencies at:
Nagamak! Nagoya
Alexandria
Batavia
Berlin
Bombay
Calcutta Blanton
New York Osika Paris Peiping Daren (Dalay) Rangoon Fongtien (Mukden) Rio de Janeiro Hamburg
San Francisca Seattle Semarang Shanghai
Hankow
yerbin
Kong
Honolulu Hainklar Karachi Robe
London
Los Angeles
anlis
mbays
gapore
Sydney
Toky Taingtan Yingkow
Interset allowed on Uzrrent
Deposita rocafred for fred
Pates to be obtained
Singapore
Messrs. H. B. Joseph and Co. have C. H. BENSON, received the following Straits: Cup General Manager.rency quotaționa from Singapore
for Raw Rubber.
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description transact- jed...
Current Accounts opened and Fixed Deposits received for one year or ahor ter perlod at rates which will be quot ed on appliestion,
Safa Deposit Boxes (various aides/ Ac-for hires, kouluak,
PHILIP GOCKCHIN: Chief Manager L. GOOKCHIN FAIR Assistant Manager
Hong Kong, 11th September, 1974:
LL BHU FONGA
Jan-March-22 down April-June24 down
ry Market: Uncertain.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED,
(Incorporated; Capital
J
Wheat is expected to be easy. There Morgentham to co-ordinate all the is a slight improvement in the weather lending activities of the Govern In the South-west. In corn, visiblement. supplies are very big but are shrinking It is believed that the step marks rapidly. The weather in the Northern belt is colder.
DUTCH FLORIN IN DANGER?
Gold Value Adjustment May Be Made
SPECIAL TO CHINA MATE, SE
T'slagraph, Copyright; Telegra- phic, Messages Ordinace, 105 Be ceived November 15, 11.49 am)
Amsterdam, To day.
the beginning of the consolidation of Federal agencies with a view to absorbing the emergency unita as the recovery campaign permits.
President Roosevelt has announc ed that the future programme of the Administration as regards the emergency units would probably frot be definitely decided until Janu- Bry 1-Reuter
EXCHANGE DEALINGS IN CRUDE OIL FOUGHT
Dallas,to-day-The American
Telephone (old), $28.20 b,, 829.45 Dr. P. J. Oud, Dutch Minister Petroleum Institute directora have
82.
Telephone (new), 1985,1,, Singapore Tractions 478 b. China Buses, Sh, $18.20 n.
Singapore Pref $179 Malabon Sugars, 18.70 Industrials,
Cald; Macg. (Ord.), shtat Cald: Macy. (Prof.), Sh. 120 n. Canton Ices, $2.85 ex div, b. Cements, $2 bay H.K. Ropes,3⁄41⁄2- B.--. Stares, ple Dairy Far Watsons $55 Der A Win Lane, Crawford, 4 Mackintosh $20 Sinceres $10
Wm. Powe
Wing On
TH
of Finance, in the course of a passed a résolution against the speech on the subiect of devalua-exchange dealing in crude, all tion of currencies, said that if United Press par S. E Levy and stable relations between the vari
ous currencies were again estab
shed the Netherlands would be forced to consider whether the present gold value of the florin should be maintained.
He stressed, however, the fact that such adjustment, if made; should not be regarded as devald ation, but as part of a definite polley. Dr. Oud declared that the single handed devaluations of other countries had made the world situation worse. United Preas, per 8. E Levy and Co
Is it Insured?
Gese
Company,
XXXE
Everything gone.. BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
AXES
WATER
CHIES
SAVINGS
SAVE SOMETHING
START NOW UNDERWRITERS
SAVINGS BANK FOR THE FAR EAST.
INC:
Aula Life Building-
Hórig
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 BICHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD'OF TRADE
CORRE ONDENTS FOR WHITE, WELD & CO. NEW YORK
ICE HOUSE STREET, HONG KONG
Tel. 80101 and 80108