BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION,
Lorand Capita
loved sut Yails Pad $54,000
Mai
£1,500,000
darling, enterta Aller $10,000
90,000,000
Smerte Crability of Propriators w.....$21 066,500
HEAD OFFICE HONGKONG.
BOARD OF DIRĻŪTOKS,
Hon. Mr. O. U. M. Markle Салешев,
Bon 51x. 24, 18. Rodwell.. Deputy ChairDRŲ.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fond
Reserve Liability of Pro
priators
.£3,000,000 .£3,000,000
.......... ̈ ̄‚£3,000,000 |
Agencies and. Branches:
Alor Blat
lialla
Amir
Ipob
Rangoon Halgon
**Bangkok
Karachi
Bateria
KARE
Berhen
. . Belt. 24.
ti. Slikken, Beq.
4:00, #2,
A. 5. Morrison, Eve
Blomber
Kobe
1. b. t'parça, Keq.
Calcula
Kie
bangbe Bingapore
Canton
a Lumpur.
Bitt
Dawas
Auction
Bouravers
Cabu
Madras
Talping
Colorate
Maria
Taniyin
Delhi
Medan
Tongkah
ifsiphong
New York
*(Bhuber)
Hambur
Pulping
Talegao
Eschoo
Harbin
(Penny) Taurog
Yakobss
boug
Hoog Kon
W. J. Enwick ENT:
1. 0. Xaight, Eng
AMOT
MALOKUK
BATAVIA PUMUAY
QALOTIA
JANTUN QUEFOO
LOMBU
DAIKEN YOUREU WAITHUNT
HARSIN
HUNGRED
ILOIL
UPEL
綠石藏罩
LOBR
KUR LOON
V. M. Grayvern, Beq.
Cool Manager.
BRANCH:-
LANDUN LYONS
HALALUA
MANILA
MUAR (Jobore)
BURDEN
ALD FURR
FLIPINO
PISANO
KANGOON
SALUTIN
SAN FRANCISCU
AALA LUMPUR
SHANGHAL
*INGAPUBE 2411AUAYA
ANGEL PATANI
TIESTMIN
JURYO
TSINGTAO
YOKOHAMA
Current Losunu apened in Local Currency Bad Land Usposite rewired for one yen or amme parade in Local Company and Kerling serden which will be yourèl ou appírvation.
- Koue hetk kytti, 1614.
THE CHINA MAIL, FRIDAY, NOVEMBER 23, 1934
Commerce and Finance
LOCAL DOLLAR
· STEADY
Silver Prices Advance
The local dollar remains steady, opening on demand this morning at 1/74.
Sput and, forward silver prices advanced, closing yesterday at 24-9/16 and 25-11/16, respectively.
The London on New York croAS- rate. which closed on Wednesday at £-U.S.$4.98%, closed yesterday
Zondag Exeknogy and Consial Banking businment E-U.S.$4:99%, while 'the New Comment Accounts opened and Fixed Deposits York on Lantion rate closed in
| roosired for one year or shorter periodu si vaEOS |
which will be quoted en application.
W. H. K. THOMAS, · ·
Acting Manager. Hong Kong, 20th February, 1984.
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries.
Deposit them in a Vaule
that is really: FIRE - PROOF BURGLAR-PROOF DAMP PROOF !
OUR SAFE DEPOSIT VAULT located on the Stezzanine Floor of HONG KONG SAVINGS BANK. Our New building is Specially Con-
The Busser af she abova Bark conduci.
the HONG KONG AND BEANORAI
MASKING CORPORATION.
laura sa application.
Bulan may be
FOR THE HONG KONG AND BANDILAS
MANKINU CORPORATION
9.2. GRAYBURN,
Chal Manager.
Hong Lung. 4b February, 1984
THE BANK OF EAST ASIA, LTD,
Authorised. Capus41
Top Capital
...$10,003,000.00
structed to provide all of these Im- portant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault_for 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
Amserve and Undivided Prošt THE BANK OF CANTON, LTD.
HEAD OFFICE :-HONG KONG
11, De Vanz Kod Canital.
BJARD OF DIRECTORS 1—
Sir Shauson Chow, Chairma
lá Koun Chun, Erg, P. R. Kwok, Eng
Jang, 174 aug Chu Hon. Eat a LP Bay.
ودة
Kau Jour Po. Eng.. Clual Manager, Li Ise daug. Eiq., Mastgat.
BRANCHES AND AGERQIEB:--
Seleti
Daleutia denta Buplus→ Hastos
bemarang
Heal
M
Sag
New York
Fiska
Pea
Batom
Pasing
Panas
Bangyou
Bloom
smywa
Conden
540 Yenoci
Bydney
Taiboke
Taglia Tokyo VADSON Yokohama
W
.
Established 1912.
Head Office Hong Kong.
Authorised Capital
log Paid-up Capital
· Bvary |«daasapʻIOG of Bank and Zxzhangs GUNSME, Longe granted an approval
warire.
Current une option 10
Loul furmas
and Five Leppelte received for coe year - or les periods in Lost and Foralen Currencies mlarig which will be quoted "application.
Cafe Deposit Born To a
KAN TONO PO..
Chial Manager. Kong, Koup at March, 1054.
changed at £-U.S.$4.991⁄2.
SHANGHAI RUBBER
SHARES
Latest Quotations
t-
Mesara, Carroll Bros. have ceived the following cabled quota. tions of Shanghai Rubber Shares..
LOCAL SHARES.
A
TO-DAY'S QUOTATIONS.
LETHARGY SEEN ON NEW ADVERTISEMENTS
WALL STREET
Brokers Discouraged By HONG KONG PHILHARMONIC SOCIETY
Declining Trade
DIVIDENDS INCREASING
New York, To-day.
The declining volume in trading
is discouraging brokers who'antici-
kets.
The following is the list of local¡pate a renewal of the lethargie mar- share quotations issued to-day:
Banks.
H.K. Bank, $1600. b. H.K. Bank (London), £1351⁄44. n. Chartered Bank £16 n. Mercantile Bank, A. & B. £32 n. Morcantile Bank C. £13% 0. Bank of East Asia, $93 n. - Am: O. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $4 p. China O. Fin. Pref. Sh. $5 m.
Insurances.
:
Favourable factors yesterday were that there is an increasing number of extra dividends due par- ¡tially to pre-Christmas distribution, and that bank clearings totalled U.S.34,584,949,000 15 against (U.S.$3,860,276,000 Inst week and
U.S.$4,731,257,000 last year.
An unfavourable factor was that) the American Federation of Labour
MERRIE ENGLAND
(Concert Version)
China Fleet Club Theatre
FINAL PERFORMANCE TO-MORROW SATURDAY, 24th November
at 9.30 p.m. sharp
Booking at Anderson's
Admission $3, $2 & $1 plus tax
Servicemen in uniform Half Price to II seats.
has rejected the proposals. of the MARKET EXPERTS DOLLAR ACADEMY,
Steel Corporation to recognise the' Federation without the clause of the jelosed shop contract,
Canton Ins., $285 a. Union Ins., $512% b., $518 sa. China Underwriter. $1.10 b. China Fire Ine., $510 m. H.K. Fire Ins., $2371⁄2 n. International Assce. Sh. $5.00 n. pondents for Messrs. White. Weld
and Company, New York state:
"Stocks: Barring any new stimu- lus the volume of trade is the only clue to the next immediate move.
S. E. Levy And Company's Report In their market report, Mesara. S. E.. Levy and Company, corres-
Shipping.
Douglases, 841 m.
H.K. Steamboats, $74 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $33 n. Shells (Bearer) 45/7% n. Union Waterboats. #13% n
Anglo Javus
$10.00
Angelo Dutch
6.25
Chenors
80
Mining.
Consolidateds
3.00
Antamoks, 63 cċa. b.
Java Consolidateds
1.65
Balatocs, $97-n.
Krncwocks
64
Tanah Morah
1.50
Baguio Gold, 46 cta. r.
52
.9.00
Benguet Consolidated $13% n. Benguet Exploration 19 cts. n.
Tehong's
Ziungbes
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph and Co. have received the following Straits Cur- $11,000,000 rency quotations from Singapore
8,885,000 for Raw Rubber.. $2,170,102 Jan.-Mar. 21% up
Total Resources ... Branches: Canton, Toishan, Shanghal, Hankow, 'Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking business of every discription trans- acted.
· Current Accounts opened and Fixed Deposits received for one year or shorter periode at rates which will be quoted on application,
April-June 23% up . Market-Firmer.
FIRST DISSENSION IN S.E.C.
Safe Deposit Boxes (various ite) Pecora And Healy Vote
for hire.
LOOK POONG SHAN,
THE
Dalat Manager.
Against Measure.
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1996. Re-
AMERICAN EXPRESS COMPANY,ceived November 21, 1040)
INC.
Head Office:-65, Broadway, New York
Capital
Surplus Reserves
THE BANK OF TAIWAN, LTD.
Head Office: Taihoku, Forma, Incorporated in Japan by Bpecial Imperial Charter, 1899.
Central Bank of Formosa, Notes
issued Average amount' Y.45,000,000
Branches and Agencias,
· Japan:-Kobe, - Osaka, Tokyo, Yoko
Lama, Keelung, Makong, Nanto, Bed
-U.§.$4,000,000.00 2,087,112.89 1,095,528,81
BRANCHES:
Antwerp Aibeas
Grade Gangav
Milan
AND
Ni Napt Pir
Hamburg
Paria
Shokta, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko, Kagi, Heito, Giran.
Barila
Bombay
Braman
BATTE Heidelberg Luterlaken
Pripis
Peleton
Rotterda
Brussels
844
Cabl
Calculta
Laudarce
Dolombo
Copenhagen
Lesor Bareilles
China-Amoy, Canton, Foochow, Haz-
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairen.
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1%% pm on: dally balance and the rate for balance over $10,000 will be quoted on applicaties (Maximum rate—13%),
Hong Kong Branch
→
Y. OHNO,
Manager.
3, Des Voeux Road, Central.
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
Terttalam --
London Lärarpent
Lugano
Edinburgh Bente, Cart TIRED G45418
Konsta Mondph
M
Basight. Southampton Blagor
Tillu
Thorl
VLADS Vecies Yokohama Purloh
Branches of American Express Com pany in Principal cities of United States of America and Canada...
All clanson of Commercial Banking Fransactions undertaken.........
bandloa
ional investment accoqate:
The Company offers to intending Travellers the use of its Travelers [Cheques" and Letters of Credit and, In addition, the world-widă services
Capital (fully paid-up) Yen.100,000,000 bf its thoroughly equipped Travel De
Tea.124,250,000/partment. Reserve Fund
Read Office:-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Barlin
Nagaiaki Nagoya New York
Bombay
Calcutta
Banton
Osaka
Pelping
Faris
Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro Hamburg
San Francisco Hankow
Beattle Herbla
Semarang.. Shangbai Singapore
Hong Kon Honolulu
Hainking
Karachi
Kobe
London
Los Angeles
Manila
Soorabaya
Sydney
Tientim Tokyo
*Thingtan
{usurpet callowed. Con Deposits rocalvade
mates to be obtained
HongKon
C. H. BENSON;
General Manager.
THE WING ON BANK LTD. RONG RONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description transact-
Currant Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year or aborter, periód,nt rates which will be quoted on application
New York, To-day. The Securities Exchange Com- two mission has voted a three to approval for a registration state- ment of bonds to the value of $10,000,000 for the Northern States Power Company.
Mr. Ferdinand Pecora and Mr. Healy are dissenting, which marks the Commission's first lack-pf-un-| animity.-United Press, per S. E. Levy and Company.
RAILROAD STOCKS IN US. UNSETTLED
+
New York, To-day-Railroad" stocks and bonds are unsettled due to rumours of further impending Insolvencies.-United Press, per S, E. Levy and Company,.
DEPARTMENT STORE SALES
BOOM IN NEW YORK
New York To-day-The New York area department store sales for the first half of November were 8.2 per cent above last year. United Press, per 3. E. Levy and Company.
CIGARETTE * OUTPUT ・ RECORD IN UNITED STATES
New York, To-day October cigarette production in the United States totalled 10,218,182,697, 85 agajnat 9,176,408,708 last year, in- dicating that 1934 is making an all- time annual record.--United Press, per 3. E. Levy and Company,
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED AN Incorporated in China) Mig Capital paid-op.... $5,000,000,
$7,000,000. $500,000
Dept. $600,000.
“A Banki having, as its misalon tha
Industri
Capit
T
Besery
Head
Safe Deposit Boxes (various o i
for hire. S
APRILIFEGOCKCHING
Chiefè ManzERİ
· Assistant „ManATEN
LA SHU YONG
LGOCKCHIN:27
Haina
Benguet Goldfeld, 20-ets. n. Big. Wedge, 18. cts. a. Gold Creek, 25 cts. n.
Gold Rivers, 21 ets. n.
Ipo 'Mining $21⁄2 .. Itogans $6.30 n. Salacots 16 cts. n.. Kailan, 19/- 'n.
Langkats (Single) Sh. $17 1.
S'hai Exploration, Sh. $5,10 n. S'hai Loans, Sh. $0 n. Raubs, $11% n. Venz; Goldfield, $5 n.
Docks, etc.
H.K. Wharves, $109 n.. H.K. Docka, $12% n. Providente (old) $1.45 so. Providents (now), $50 cts, në** Hongkens, Sh.$3121⁄2 n.
New Engineeringe, Sh. $53⁄4;n. S'hai Docks, Sh. $123 n.
Collon Mills.
Ewo Coltons Sh. $10.20 n. S'hai Cottons (old), Sh. $771⁄2 S'hai Cottons (new), Sh. 348% n. Zoong Sings, Sh. $9.40 .. Wing On Textiles, Sh, $55 m.
Lands, Hotels, etc.- H.K. and S. Hotels $4.85 h. H.K. Lands $51-75
OPTIMISTIC
Moody Report Sounds
Cautious Note
RISING PRICES FORECASTED
PR
Con-
Dollar, Scotland. REPARATION for Univeral-
ties, Army, Public Services, Commerce. On list of Schools nominating for Sandhurst.. tingent of Junior Division O.T.C.
Mild climate and Healthful aur-- roundings, specially suitable for colonial boys and boys from urban.
Preparatory School ad-
SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telepra. areas. We would view a sharp and active phio Messages Ordinance, 1895. Rejacent.
dip as a buying opportunity, parti-ceived November 23, 10.45 a.m.) Prospectus and full particulars
Busi-
New York, To-day. "Standard Statistics,"
may be obtained on application to
in its the School Secretary, or at the
offices of this paper.
cularly in Industrial issues. Iness done:-770,000 shares.
"Bonds: U.S. Government issues weekly market survey, states: were unchanged. High grades were
"We forecast rising prices early In 1985." strong, particularly Utilities. Second
The Moody market service grades were better throughout.
atates: "The market cannot be cx- "Grains: The publicity given to
ahead with con- the small-sized imports is likely to pected to move cause an occasional increase insistency until business prospects offerings. Fundamentally,
brighten more. hopes concern- situation is unchanged and warrantsing the 'more immediate market
should not run over-high. an accumulation on dips Wheat: Total sales:-24,515,000 bushels, Corn: Total sales:-16,669,000 bus- hels.
the!
The noted economist, Mr. Roger Ward Babson declares that as busi-
Headmaster, HUGH-F. MARTIN,
B.A., (Oxon).
Insull Trial
(Continued from Page `1.)
Insull ended his testimony in his nes improves stock will be accumu-own defence on November 3 when:
"Cotton: Sentiment is somewhat
lated and price will tend to rise-he vigorously proclaimed his better. December liquidation has a United Press per. S. E. Levy and honesty before stepping from the depressing influence. Better Liver Company pool, Bombay and trade buying in Cotton is reported.
witness stand.
He denied that he was running away when he left Chicago in June
"Rubber: The small shipments of FILIP TO AMERICAN 1952, after his vast utilities empire!
Dutch native Rubber in November are stimulating buying. More Decembér contracts have been switched forward. Total sales:
464 lots.
"Flash: American Power and Light 6 per cent. Preferred Stocks! have earned a dividend of 371⁄2 cta. payable on January 2an of Stocks|
STEEL INDUSTRY
Housing Modernisation Brings Demand
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra- on December 5. The Commercial phio Messages Ordinance, 1891, Be Solvents Co. has declared a dividend ceived November 23, 10.49 am.) of 30 cents payable on December 81 as of Stocks on December 1."-Reu- ter.
Market Factors
The following telegrams were re- H.K. Lands 4 Debenturesjceived by Messrs. S. E. Levy' and'
1014%. n.
Co. from Reuter:--
(Continued on Page 10.) 1:|:ཀ BUILDING TRADE
BOOM IN U.S..
Shanghai Lands, Sh.'$271⁄2 n. Metropolitan Lands, Sh. $13 a. Humphreys. $9% n.
H.K. Resities, $41⁄2 m. Asia Realties "A", Sh. $100 n. Asia Reallles "B" Sh.#20 n. Chinese Estates, 890 n. China Realties, Sh. $123⁄41⁄2 n. China Debentures 8h. $187 n..
Public Utilities
H.K. Tramways, $19 b. Peak Trams (old), $14_n. Peak Trams (new), $7 n. Star Ferries, $97% n Yaumati Ferries $22. C. Light (old), $9,10: b. C. Light (new), $8.85 b. H.K. Electrica $801⁄4-b. Macao Electrics, $25 n. Sandakan Light, #8 s... Telephone (old), $23 sa, Telephone (new), $0.60.6. China Buses, 8h, $18.20 n. Singapore Tractions 4/8 b. Singanore Prof., $17/9 h.
Industrials Malabon Sugara, 38.70 D. Cald: Macg. (Ord.), Sh. $21. Cald: Macg. (Pref.); Sh. $20 n. Canton Icea, $2.85 sa Cements $2.05 b H.K. Ropes, 8914 n.
Stores, etc. Dairy Farms, 323 d. Watsons $5 35. Der. A. Wings, 31 n. Lane, Crawfords, $4 n.. Mackintoshs, $21 Sinceres, $10 n Wm. Powells, 70 cts. n. Wing On (HK) $110. Miscellaneous,
H.K. Amusements, $244 n. Entertainments, $71⁄2 m 8.0. Enterprises. $1 m Macão "Greyhounds," $2 1. Constructions (old), $1.80 n... Cons ons (new), 75 cts. Vibro Piling 36.60.1
925 GEB
Business Upturn Due To Christmas
SPECIAL: TO CHINA NAIL (By Telegraph, Copyright, Telegra phio Messages Ordinance, 1891. Re ceived November 25, 10.48 amJ
Washington, To-day,
New York, To-day The Iron and Steel Institute states that the United States steel “indus- try is beginning to benefit from the Federal Housing Administra- ition's modernisation activities, which will be an important factor for the remainder of this year, and also in 1995.-United Press, per 3. E. Levy and Company.
S
COLLECTIVE BARGAINING ELECTIONS ORDEREDTM
crashed. In this respect he told the Federal Court jury that he fled across Europe in 1932 to avoid" being prosecuted as a part of a political campaign, purely
Insult, brought back, from Latan- hul earlier in the year after an exile of more than a year in Greece, and placed on trial October 4, was on the stand as a witness in his own defence for three days.
HOSPITAL FOR OPIUM ADDICTS
Peiping Institution
Treats 2,000
Since the opening there of a special hospital to deal with ad- dicts, fio less than 2,000 opium smokers have been treated in Peiping by the municipal bureau of health. Most of the patients. were between the ages of 25 and
New York, To-day-The Labour 50, Relations Board has ordered collec
tive bargaining elections for the NEW ADULTERY LAW; Firstone and Goodrich rubber com- panies-United Press, per
per S, E Levy, and Company.
The Bureau of Labour statistics US $102,000,000 APPLICATION
has reported a moderate, boom in
building trades. October" Indexes are 80 per cent, above September.
TO THE F.H.A.
PROTEST
Women Press For Its
Abolition
Women's organizations in Pel-
The N.R.A has reported a generalj New York, To-day. The Federal ping have sent protest to Nan- business upturn, due to Christmas, Housing Administration has re-king against the new adultery with a shortage of skilled werkers, ported applications, privately flaw in the criminal code. They It has, therefore, granted 15 firms
anced, for U.S.$102,000,000 worth contend that the new law does exemption from Code work hour of guaranteed mortgages for low not give women an equal stand limitations to enable them o catch
cost construction United Press, ing with men and therefore they
press for it abolition:
op with orders-United Press, per per S. E. Levy and Company. S. E. Levy and Company.
RICHBERG'S PLEA FOR CO-OPERATION
New York, To-day. Dr. Donald
R. Richberg, head of the National Recovery Administration, has urged co-operation between labour and In dustry, plus a minimum of Govern ment control United Press, per S. E. Lavy and Company
Is It Insured?
Insuran KOLOWEST American Asiatic
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 DFTY-EXCHANGE, INC.:
CHICAGO BOARD OF TRADE V
VTS FOR
NEW YORK
HONG KONG