BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
*
amortual Cepitat pe numm $50.001,000 ked and Fuly Paktop 20,000.00 Barra Funditu
Art. 6,500,000
$10,000,000
Bor Liability of Proprietors
HELD OPPIOR, HONGKONG..
BOARD OF DIRECTORA. Hon. Mr. O, k, B. Mackin Chairman,
Hon Str. N. 14. Dodwell
Deputy Chairs.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON"
Berembau
T
$30,000,000
Paid-up Capital
£3,030,000
Reserve Fund
.£9,000,000
Resorve Liability of Pro-
prietora
£3,000,000
Agencies and Branches:
Alor Br
Ballo.
Rangoes
Amritsar
Epok
Balgon
Bangkok
Hema
W. B. Bell, Kay.
G. Mukin, Req."
Batarla
Klana
a. El. Compton,
8.5. Moerleon, Kay.
Bombay
Koke
Shoghi
Colquite
Ka
Singapore
Osalon
Tamper
Millowan
§. 4. Külght, Eng.
Carpor
Tublado
Bourabay
V. K. Graybard, kog.
Cabu
Madesa
Taiping
Chief Manag
Colomalie
Manils
Tenisia
·Daiki
Madag
Tongkah
Halphose
New York
(Ellen)
Hamburg
Polplay
Tungian
Hallow
(Pering
Yokohama
LYONN
Huebla
MALAOGA
MUAB (Jahre)
MULDEN
PEIPING
PENAKO
AKOY
MATOKOK
BATAVIA
BOMBAY
DALOUTTA
OANTON
01.05
PAYERE
FOO
POOCHOW
HAIPHONG
HAMBURGI
MANKOW
ELARDIN
*FONOKEW
ILOILO
SPOR
SOHURA
хорв
KOWLOON
UBANDU
LONDON
MANILAN
NEW YORK
BARODOM
MAIGON
HAN FRANCISCO
KUALA LUMPUR
HILANDBAL:
NINUSPORE
ELABAYA
HUNDEI PATAKI
TIENTSCH
TOKYO
*TRINGTAO
YOKOHAMA
Qurreal Acuause, opened in?Karel Ourrency sad Piand Deposit posted for on your o shorter periods in bocal Company and Sterling
- THE CHINA MAIL, FRIDAY, NOVEMBER 16, 1934
Commerce and
Finance
LOCAL DOLLAR STEADY
Silver Prices. Firm
The focal dollar is steady, open- ing on demand this morning at
Spot and forward silver prices were steady, closing at 24% and 24%, respectively...
The London on New York cross- rate, which closed on Wednesday Tuning
Zamboanga
at US.84.99% closed yesterday Yoralys Burkaaya-and Osneral Banking business -
at -U.S.$4,99%, while the New! Curreal Accounts · opsued and Find Deposita received for use your or shorter perioda as entes York on London rate closed |which will be quoted on appliesalom.
changed at US$4.991. W. H. E. THOMAS,
Acting Manager. Hong Kong. 20th February, 1984,
THE BANK OF CANTON, LTD.
Established 1912.
un-
RAW RUBBER PRICES
Latest Quotations From Singapore
Head Office:-Hong Kong.
Messra, H. B. Joseph and Co. have received the following Straits Cur- $11,000,000
8,856,000 rency quotations from Singapete 82,170,408 for Raw Rubber.
un barna which will be posted of application. Authorised'. Capital
Hong Run 18th April, 104,
Paid-up Capital
Total Resources
Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Franelaco.
HONG KONG SAVINGS BANK. London Bankers: Lloyds Bank, Ltd.,
The Buns of the shore Basi la 'soodus
by the HONG KONG AND BUANUBA!
BANKING CORPORATION.
plained on application.
Hlas may be
Bankdag
Foreign Exchange and Business of every discription trans- meted.
Current Accounts opened and Fixed;
one year or
NOS THE HONG KONG AND SHANGHAI Deposits receired for BANKING CORPORATION
V. M. GRAYBURN,
Chial- Madagot,
Hong Hong, 26th February, 1064.
THE BANK OF EAST ASIA, LTD.
Amberland Capital
adap Capital
Movers and Undividet Profis
LA
$10,000,000.00 $2,100.00
HEAD OFFICE-HONG KONG
13, Das mus Hoad Central,
'BOARD 13 DIBECTORS ——
Air Hou Chow, Chelenska,
Chan, Esq. P. & Krok,” De, Fong
Fun Tong Leg.. Chao Ching Shes, Key, Li Lan Lang: Erg. Wong Chu Son, Eng and Lea Flog Po,Zag
Kan Tong Fo. Esq., Chief Maunger.
La The Fodj. 59, Manage.
GRANCHES AND ABEHOURS :-
Afande Melbourne Nagmaalsk
GRANCE) -
Bombay
New, Zoek
Salon
Osaka...
Hankey
Peipiam
hydna?
Baragon
Xawiosn
Saigon
Jah Frazato
Tokyo
Yokohama Grory Lowription of Braking and, Eisbarga) baina inanaciad. Coses grated on approved
konta pa in Local Ouriene
sad Pised Deporita copalved for our fear of short periode in Local, and, Forely Currencies
her which will, be quoted de application. Hate Deposit Boxes To Let
A
KAN TONG PO,
Han Chief Masangor.
Bung Boog, lat March, 1888.
THE BANK OF TAIWAN, LTD.
Head Office: Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1999.
Central Bank of Formosa; Notes-
issued Average amount, 145,000,000 Branches and Agencias..
Japan:-Kobe, Osaka, Tokyo, Yoko-
shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POUND GRAN,
Chief Manager.
SAFETY FIRST ! To Safeguard Your Valuable and Jewelleries. Deposit them in a Vault
that is really: FIRE-PROOF BURGLAR PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT located on the. Mezzanine Floor of Our New building is Specially Con- stracted to provide all of these Im- portant Qualities.""
You may obtain a Safe Deposit Box in this most up-to-date Vault for
Jan.-March-22 1/4 Up 1/4. April-June-24 1/4 Up 1/4.
Market:-Steadier.
LOCOMOTIVES FOR SOUTH AMERICA
Philadelphian Firms Given Contracts
SPECIAL TO CHINA MAIL
Philadelphia, To-day. The Baldwin Locomotive Com pany, and the Bethlehem Steal Cor-- poration, are exporting to-day, to Valparaiso and Chile, 10 locomotive and tenders, and 15 passenger cars, the largest shipment since 1929,- United Press, per S. E. Levy and Company.
BRITISH STOCK MARKET
your own use at a very moderate Reo Consols Touch Highest
tal,
Inspection Cordially Invited. THE NATIONAL COMMERCIAL ^★ GAVINGS BANK, LTD. "Corner of Ies House Street and
Des Voeux Road, Central «
THR
Mark In 30 Years
London, To-day.
There were further big move. ments in quotations of gilt-edged securities on the stock markets yesterday.
Old Consols at 2% per cent. reached 92, the highest for $0
| AMERICAN EXPRESS COMPANT, years, and War Loan at 3% per
INC.
Head Offee:-65, Broadway, New York
Capital
Surplus Resgryes
.U.S.$8,000,000.00. ******. 2,087,112.69 ****.............. 1,095,528.31-
BRANCHES:-
Amsterdam
Genok
AR
HAPA.:
hama, Kedlung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan," Anam Taito, Takao, Tamsui, Toen, Karenko, Beats Kagi, Helto, Giran,
Hedberg Interlak Jerusalem London Liverpool
Logan
Berlin
Brass
Care Cal
Deblia
Canno Copenhagen
laburgh Florence GenerË
Mursalin
Monte Carlo
Kanila
Kanieri.
Montroug
China:-Amoy, Canton, Foochow, Han-Bombay
kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairent. Colombo On and after April 20th, 1984, the rate of Interest on Special. Qurrent Deposit will be at 13⁄4%%'p.a. on dally balance and the rate for balance over $10,000 will be quoted on application (Maximum rate...1%),x_
Y. OHNO
Hong Kong Branch
Milan No Naple Phas Parlo Polping Taleems Rollends Botaa Shinght: SouLampo
Tlantatu
Vissna Venlos
Zuziah
Branches of American Express Com-
cent. touched 109%.
Markets closed. however, with prices well under the beat, with War Loan at 108% and Consols at 91-British, Wireless Service.
INTERNATIONAL NICKEL PROFITS LOWER
LOCAL SHARES.
TO-DAY'S QUOTATIONS,
NEW PROBE IN AMERICA
Telephone Company Investigation
PUBLIC HEARING IN 1935
SPECIAL TO CHINA MAIL.
CHEERFUL TONE ON WALL STREET
Extension Of Rally Indicated
TRADERS STILL CAUTIOUS
LOAN COMMITTEE. IN AMERICA
Roosevelt's Latest Creation
SPECIAL TO CHINA MAIN (By Telegraph, Copyright, Telegra» phio Messages Ordinance, 1894, Rae forived November 10, 1.19 ani);
Washington, Today.. President Roosevelt, has an nounced the creation of a loan'
New York, To-day. (By Telegraph, Copyright, Telegro Wall Street opened firm “yester- phic Messages Ordinance, 1804, Re day Gains were mostly fractional ⠀
with some utility issue sagain in-
Washington, To-day." clined to eaBE, Sentiment was
The Federal
Communications
Commission has ordered an in-cheerful. Some extension of a rally committee headed by the Trea
genthau, the members including “ vestigation of the American Tele-eems to be Indicated, but traders sury Secretary, Mr. Henry Mor--
jare cautious.
[Mr. J. Fahey. Mr. Chester Davis, phone and Telegraph Company, the associated Bell companies, and all S. E. Levy And Company's Report Mr. George N. Peek, Mr. Leo In their market report, Mesura. Crowley, Mr. Jesse. Jones, Mr.
subsidiaries..
The following is the list of local|ceived November 16, 8.10 a.m.) share quotations issued to-day:
Banks. H.K.. Bank $1630 sa H.K. Bank (London), $1841⁄2 n. Chartered Bank 218 n. Mercantile Bank, A. & B. £32 n. Mercantile Bank C. £131⁄2 n....... Bank of East Asia, $98 n. Am: O. Finance Corp, 8h. $20 China O. Fin.' Ord., Sh. $4 n. China O. Fin. Pref. 8h. $5 m.
Insurances. Canton Ins., $285:a. Union Ins., $620/221⁄2 86- China Underwriter, $1.15 n. China Fire Ins., 8510 m. H.K. Fire Ins., $287 n. International Assce. Sh. $6 n.
Shipping.
Douglases, $41 n. H.K. Steamboats, $714 n. Indo-Chinas (Pref.); $80 n. Indo-Chinas (Del.), $88 m. Shell (Bearer) 848/6 n. Union Waterboats, 113% n.
Mining,
Antamoks, 60 cta. n. -. Balatoes, 387 n: Baguio Gold, 46 ct. n. Benguet Consolidated $13% n. Benguet Exploration 18 cts. b. Bonguet Goldfield, 20 ets, a. Big Wedge, 10 cts. D. Gold Creek, $2 n.
Gold Rivers, 21 cts. n.
Ipo Mining 321⁄2
Itogans $6.30 a. -Salacots 16 cts. 3. Kallan, 19/4 n.'
Langkats (Single) Sh. $171⁄2 n. S'hal Exploration, Sh. $54. S'hai Loans, Sh.86% n.
. Raubs, $11% ̧¤... ·
Venz; Goldfield, $5 n.
Docks, etc.
H.K. Wharves; $109 m. H.K. Docks, $12 p. Providents (old) $1.55. b. Providents (new), 850 cts: n. Hongkews, Sh1.15 n. New Engineerings, Sh. $54 n. Shad Docks, Sh. 3123 n.
Cotton Mills,
Ewo Cottons Sh. $10.15 n. S'hai Cottons (old), Sh. $771⁄2 n. S'hai Cottons (new), Sh. $484 Zoong Sings,, Sh. $9.40 n. Wing On Textiles, Sh. $55 m.
Lands, Hotels, etc.
H.K. and S. Hotels, $4.85
$4.80/85 63.
HK. Land, $51 bi
b,
H.K. Lands,4% Debentures 14%
Prem
Shanghlands, Sh: 820 n. Metropolitan Lands, SH. 314 u. Humphreys. 91⁄2 1............
·H.K. Réalties, - 84% m Asla Resities A's BM:8140 m. Asia Reatles "B" Sh.$20 n. Chinese Estates, 590 n....... China Realties, Sh. $154 n. China Debentures,Sh.: $187 n.
Pablle Utilities H.K. Tramways, $19.10
$19/15/20.. Peak Trams (old), $14 n.: Peak Trams (new), $7 n., Star Ferries, 19732_1 Yaumati Ferries $224 n.. C. Light (old), $8.90, b. C. Light (new), $8.70 b.. H.K. Electrics. $6741⁄2 p. Macao Electrics, 325, n. Sandakan Light, 38 8... Telephone (old), 323.20, b., progressing better in Canada thansa,
New York, To-day-The In ternational Nickel Company's re- port for the third quarter shows Ja .net profit of $4.005.165 as against $4.936,366 for the pre- vious quarter and $5,636,019 during the corresponding period of last year-United Press, per S. E. Levy and Company...
CANADA'S RECOVERY MORE APPARENT THAN AMERICA'S -
Manager. pany in Frincipal cities of United New York, To-day-Recovery is
3. Des Voeur Road, Central
States of Aikaries: 'and' Cihadka
All claspés, of Commercial Bank the United States. It is said Telephone (new), $9.85′′
Fransactions “undertaken.
THE YOKOHAMA : SPECIE: BANK. Potionat
LIMITED.
Established 1880 ► Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen 124,250,000
Head Offre YOKOHAMA
Branches, and Agencies at: Alexandria.
Batavia....
Barlin
Bombay
Calcutta-
Cantor
Dafren (Dalny):
Nagasaki
Nagoya
New York
Osaka Paris
Palping
Feretien (Mukden) Rio de Janeiro Hamburg Hankow
Hong Long
Honolulu
Hainking
Karachl
Robe
London
Rangoon EanFrancisco Best! Semarang Shanghal
handled::..
that the steel industry faces grave, China Buses; Sh. $18.20, à. readjustment problems and cannot Singapore Tractions 4/8 b
Nestment secounts long continue to operate at large) Singapore Préf., $17/2 b.
The Compẳng” offers to Intending Travellers thevasocotits #Travelorn Cheques and Letters of Gredith and In addition, the world-wide, services its thoroughly equipped Travel De
varie
TOH, BENSON,
· Genèral”; Mánager.
THE WING ON BANK-
HONG KÔNG.
Authorised Capital $10,000,000
|
|
Foreign Exchange,” and Bank Business of every description transact-
Current Accounts opened" and Fixed: Deposits received for pne rear or shor fer period at rates which will be quafi edion application, would am bhei Safe Deposit Boxes (varlops alzes) for hire
PHILIP GOOF CHIN
losses-United Press, per S. E. | Levy and Company.
ROOSEVELT UNDECIDED
Washington, To-day-High Ad- midistration officials” state:" that President Roosevelt is still open minded about including old age pensions and health insurance = in the economic security programme. -United Press, per 8. E. Levy and Company
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED,
Clncorporated hi Chin
up
•
bi,
The public hearings will start S. E. Levy and Company, corras Eccles and Mr. Moffett, for the after January 1. The exact date is pondents for Messrs. White, Weld purpose of improving the co- agencies operation between and Company. New York state: to be fixed later.
"Stocks The recent disturban-engaged on lending Government The investigation will Include the entire corporate history and finances within the Gold Bloe, plus the funds including, the Treasury, cial structure of the A.T.T., and growing feeling here that infta- the Interior, Publle Works, now be attempted Federal Housing, Farm Credit also the equipment of manufactur- tion may
ing subsidiaries and all related through the credit route within Corporation, Home Owners' Loan companies affecting the communica-the Gold Standard, or at least Corporation, Agriculture Adjust- tions industry-United Press, per without further near term dovalument Administration, the Export S. E. Levy and Company.
tion, are causing the weakness of and Import banks, the Commo gold shares. The weakness of the dity Credit Corporation, the
Reconstructions Canadian and London markets was
BUSINESS FEARS BIG SPENDING
Anxiously Awaiting U.S. Congress
· ECONOMISTS' VIEWS
SPECIAL TÔ CHINA MAIL.
Finance
Cor- a factor. We believe that poration, the Federal Deposit also further selling is likely but we Insurance Corporation and the
Federal Reserve Board... would consider the present time
The committee functions as a as a favourable opportunity for
sub-committee of the Emergency Investment, rather than for speCouncil, and reports to the Presi
culation in the leading stock in dent. this group. Meanwhile, our feel. The President has made the ing is that the current rise in In-Inter-Department Committee of dustrial shares has gone about the Merchant Marine also a sub- high enough in view of the out-committee of the Emergency took for near-term earnings and Council-United Press, per S. E.
(By Telegraph, Copyright, Telegrawe would not add to our holdings Levy and Company phia Messages Ordmance, 1891, Re of these stocks until some reaction ceived November 16, 8.18 a.m.) has occurred. Busines done; 4-| TWO CLASSES OF
New York, To-day. 1,540,000 shares. The Moody commercial service states that the market will prob
(Continued on Page 10.1
ably be irregular until industry is GRAVE WARNING
substantially more active, early in 1935.
1.
The journal, Annalist, has pro
nounced that business recovery
TO OILMEN
DOLE IN US.
"They Must Be United
Says Hopkins
SPECIAL TO`CHINA' MAIL..
would occur if it were not for U.S. Publie May Take(By Telegraph, Copyright, Telegra
political and labour difficulties,
The noted Clevelanil économist,
Mr. Leonard P. Ayres, in his
Business From Them
SPECIAL TO CHINA MAIL.A
phie Messages Ordinance, 1895. Re ceived November 18, 533 am)
Washington, To-day,
+
The Federal Emergency Relief monthly review, states that althy Telegraph, Copyright, Telegra though business is anxiously await-phic Messages Ordinanes, 1891, R Administrator, Colonel Harry L. Hopkins in a speech yesterday sald ing the forthcoming Congress itceived November 16, 1.10 a.m.).
Dallas, To-day that there were two classes of dole. does not fear radical legislation so
persons. The Secretary of Interior, Mr.relief receivers and much as huge, appropriationss
dividends-neither · of He said that developments had Harold L. Ickes, in a speech to drawing shown that the national policy of the American Petroleum Institute which works for cash.
dole We must bring the two spending the way back to pro-convention, warned oilmen that
more effective in unless they halt waste and die-groups-together," he said. sperity was arousing popular enthusism than card uneconomic practices the This is an apparent hint that the favours - higher In producing steady business ex-public will take their business Administration
from them.
taxes amongst the wealthy classes pansion.
"I beg you to make no miss a means of financing relief.. He believed, however, that
take. If you escape the Govern United Press, per S. E. Levy and fundamental recovery has advanc-ment's heavy hand then set Company. ed more than industrial production
delay," he declared... statistics indicate. United Press your house im order without per S: E. Levy and Company.
Mr. Ickes said that he saw no constitutional prohibitions against making oil a public utilityUnited
e
ELECTRICITY PRODUCTION DECLINES IN US.
New York, to-day-Electricity
CUMMINGSE TO BEPress, per S. E. Levy and Company.oduction in the United States last
COUNSEL
Personal Direction In Major U.S. Ruling
SPECIAL TO CHINA MAIL (Dy Telegraph, Copyright, Telegra phie Messages Ordinance, 1891, Re ceived November 16, 8.18 m.) Be Washington, To-day.
OPTIMISM RULES WALL STREET
(By
Foreign Buying Increase
SPECIAL TO CHINA MAIL
Talegraph, Copyright. Tale Masage Ordinance, 1894. Re- ceived: November 10, 5.18 a.m.) -
New York, To-day,
Traders are more optimistic due
week totalled – 1,678,000,000′′ - kw. hours, as against 1,699,000,000 kw. hours for the previous week and, 1,617,000,000 kw, hours, during the corresponding period of last year. United Press per S. E.. Levy and Company liye My
Is It Insured? ?
Y
It is learned that the United phi States Attorney-General, Mr. Homer S. Cummings, will personally con duct, the Government argument at the Supreme Court in December de to better buying Favourable mgr- fending the revocation of the gold ket factors yesterday were some fu- clause, for public and private obliga-crease in foreign' Brying and more
favourable dividend indications. $25.20 tions.....
Government officials are confident Unfavourable factord - were thể Hand- that the Court will uphold the relikelihood of a continuance of pr vocation, otherwise every U.S.$1.89. fit-taking, and the American Tele
· Insurance „m.All Clanosa LOWEST BATES.
merican Astatic. Underwriters Fed, Inc., U.8.A...
General Agents
of the present currency will be re phone and Telegraph Company In- Bhangh
Press, per 8. tion-United Fress, per 8. E. Levy E. Levy and and Company
Malabon Sugara, 18.70 n.red to pay each U.S.$1 obligavestigation. I
Industriala.
Cald: Macg. (Ord.), Sh. 321 n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.85 ex div. b. Cemente, $2 b., $2.05 98. H.K. Ropes, 181⁄4 na
Stores, etc.
Dairy Farms 828 n. Watsons, 851⁄2 ï‚· Der. A. Winge, $1. n. Lane, Crawfords, $4n;
· Mackintiáhs, § 21ème Sinceres, $10 basse Wm. Powells, 70 etan. Wing On (H.K.) #110 MG Miscellaneous.
H.K. Amusements, ŝa e, Entertainmenta. $735 mil S.C. Enterprises, (1 nu Macho "Greyhounds", 42" Constry
Const
Vibro
1180 1
Ch. Govt: 5% 1925-GSBJ H∙K Govt 4 ORA
ROOSEVELT, LEAVES TO SEE
T.VA. PROJECTS-
Washington, to-day-President Roosevelt left: yesterday to inspect the Tennessee valley Authorities? projects.
The President is focussing atten tion Government competition with ivate utility companies, which is
fecting utility stock United Press, per SE Levy and Company
ARGENTINE NOTES PLACED ON NEW YORK MARKET
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND
COMMODITY SERVICES
Members:
NEW YORK COTTON EXCHANGE. COMMODITY EXCHANGRA INC. CHICAGO BOARD OF TRADE' CORRESPONDENTS FOR WHITE, WELD & CO. NEW FORE,
STREET, HONG KONG,
dice Buildings