BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Mashorised Capital
Tamond and Filly Pald-ug
Movers Pundai-
Storing
Murenza es
2 $800,000 $10,000,000
$60,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
2.
20,000,000 Incorporated by Royal Charter, 1858.
Bmoren Liability of Proprietom ......$20,000,000
HRAD OFFICE, HONGKONG,
BOARD OF DIRECTORS,
Hon. Me, G., 6, 8, Markin
Chairman,
Hon Mr. 5. R. Dodwell, Deputy Chairman.
W. B. Ball, Kay.
i, H. Comprob, Eng.
.1, Yaswick, Maq.
G. Knight, Esq.
AMOY BANGKOK
BATAVIA BUY WAY ELLOUTTA BANTUR JUKYOO COLOMBO DAIREN
oooow HAIPHONG HAMBUNG
HANKOW
HARBIN
G. Miskin, king.
K. 8. Adelinoti, Esq.
T. E. Pearce, Kag.
4. M. Grayburs, hog.
HONGKEW..
ILOILO
SPON
JOHORE
КОНЕ
KOWLOON
Chief Manager.
BRANDEKS1—
LONDON LYONN MALACCA MANILA
MUAR (Johore)
BURDEN
NEW YORK
PRIZING
PENAKU
BA HUGON
BAJUUN
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
BINGAPORE
FOURABAYA
TIENTBIN
TUKTU
SONGEI PATANI
TOINOTAO
YOKOHAMA
Curreal Accounts opened is LocalCurrency
and Fixed Deposita toived for one je o shorter portada in-Local Coapsay and Starling terms which will be quatse on spplication. Hong Kong. 1 April,' 1954,
HONG KONG SAVINGS BANK.
The Bulnes of the shore Bank is conduct. by LONG KONG AND BHANGHAI
Bules may BANKING CORPORATION,
wind se spyiloso
be
VUE THE LONG KONG AND BHAVONAI BANKING CORPORATION.
V. M. RAYBURN,
Chist Monger.
Hong Kong, 28th February, 1984.
HEAD OFFICE: LONDON
£3,000,000 .....£8,000,000
Reserve Liability of Pro="
.£9,000,000
Agencies and Branchen:
Paid-up Capital
Reserve Fund
prietors
Alor Star
Holla
Araroar
Ipak
Belgi
Bangkok
Karackl
Semarang
Klap
Beremban
Bombay
Epbe
Blangbai
Calcutte
Kusla
Klagepore
Cano
Lampur
Hilawas
¡Conopore
Cabu
Kuching Madine
Божиловую
Taiping
Golumba
Thenisin
Delhi
Mada
Tongkak
New York
(Bhuter)
Hanbury
Palping
Tenglan
Hankow
(FAMDR)
Harbo
Yokohama Zacabo
Loa Eons.
THE BANK OF EAST ASIA, LTD.|
Hathorised – Capital sommateur
Palup Capital
Bessere und Undivided Produ
$10,000,000,00
14,400,000JKI 33,194,000,00
HEAD_OFFICE :~HONG-KONG
13, De Vos Road Central.
BOARD OF DIRECTORS :-
Bir Shou-son Chow, Chair
Leon Chun, Eng., P. K. Kwok, Eng Wood In Tong Z, Chan Chic Bhah. Eng. Là Lan AgYong Cas Bon, Esq. and, Kan Ting
Surabay
Onicutte
Baton
Ken Tour, Esq., Chiat Manager.
Pong. Esq., Masager,
BRANCHES AND AQENCIES:-
Mesila
Habours
Nagwall
New York
Unaka
Посре Bankow Sampli
Parla
Feldag
Pants
Hango
Karlom
Báo Freedoos
Basisle
Semering
Shanghai
surabaya
* Thou
3skre YANANTAC Tokohama
Bears descaption al Banking and · Exchange, tracted. Loans granted as appeared
• Curreal
Ampūnis `apeuzed in Toul Ü Fixed Deposits received for
DRE
her periods in Lost and Foreign Currencies
asarms which will be quosd
Bale Deposit Born To Let..
KAN TONG PO.
Mong Rang si March, 1905.
Chial Merger.
אמונד
Foreign Exchange and General Banking beatness
Current Accouple opened and Fixed Depoalie rostral: for one year or shoelar perioda si retes which will bá quòlad on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
THE CHINA MAIL, WEDNESDAY, NOVEMBER 28, 1934
Commerce and Finance
NEW YORK STOCK
EXCHANGE
Ș. E. Levy And Co. And A.O.F.C. Quotations
The following quotations from New York have been received by Mesara. S. E. Levy and the American Oriental Finance Corporation.
4
NY/London
Last
THE BANK OF CANTON, LTD. C. Corn May 86
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local shara quotations issued to-day:
Banks,
H.K. Bank $1615 b. H.K. Bank (London), $136% Chartered Bank £16 n. Mercantile Bank, A. & B. 482 Mercantile Bank C. £18% n. Bank of East Asia, 893 n. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord., Sh. 34 n. China O. Fin. Pref. Sh. 35 n.
Insurances,
Canton Ins., $280 n.
p.
EXPENDITURE UP, IMPROVED TONE ON SOVIET DOUBLES
REVENUE DOWN Exchequer Returns To November 24
London, Te-day.
WALL STREET
Substantial Rally In Utility Shares
CAR PRODUCTION DOWN
New York, To-day. Sentiment is improving, materially
The exchequer returns for the past week show that during the cur Tent financial year the total ordin- jury revenue, exclusive of self-
balancing revenue, amounted, at in spite of the absence of any sharp |November 24, to £366,816,051, which business recovery.
TEA OUTPUT
Production Claimed 3,000,000 lbs.
Moscow. To-day., The Soviet 'tea crop this season was 13,000,000 lbs. of green ten from 86.000 acres according the Pravda..
Twenty-one tea factories were built and produced 1,500,000 lb.
is £2,044,652 less than the amount Favourable factors yesterday were of finished tea last year, and it is collected at the corresponding date that there was a substantial rally claimed that they have doubled njof last year.・・
in utility shares partially reflecting their output this year.-Reuter.
INTERNATIONAL PAYMENTS
Expenditure for the same period, the North American Company's do Jexclusive of self-balancing items claration of a cash dividend on the was £439,052,842, which oxceeds basis of $1, for the year against 4. the amount expended at the corres-per cent, common stock and 50 cents a.ponding date of last year by in cash previously, also that Sena-
£8.109,677-British Wireless Sertor Robinson said that President Co-Operation Of Central
Close 10.10 11:00 4.99% 4.99% 4.90%% NY Cotton Dec. 12,15 12.48 12.46
Mar.
12.68 12.62
12.40
A. Silver Dec... 54.10b Mar. ...... 55.10 NY Silk Dee... 1264 NY Rubber Dec. 13.07 Mar... 19.35
54.31
.i
65.31
1256
13.20
13.22
-18.57
13.56
C. Wheat Dec. 98%
May.
1744
98
.......
98
864
Read Office-Hong Kong.
Authorized Capital
$21,000,000 Con Gas NY
W. Wheat May 82%. STOCKS Amer Smelling Auburn ...
82%
Union Ins., $507% b., $517% 38. China Underwriter, $1.15 b. & sa. China Fire Ins., $510 n. H.K. Fire Ins., $2371⁄2 n.. International Assce. Sh. $5.60 n.
Shipping.
36%
85%
26
256
254
26
24
24%
Paid-up Capital
Total Resources
8,855,000 Du Pont 82,170,492 Elec Bo & Shore 9%
100
994
99%
9%
"0
31%
32
Douglases, $41 n.⠀ H.K. Steamboats, $7 Indo-Chinas (Prof.), $30 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) $45 n.
n.
914
43
Union Waterboats, $18
34%
35 30% 20%
25% 26 26% 22/ 22 22% 424 42 42%
37% 37
34
Mining.
29%
Antamoka, 75 cts. b.
Established 1912.
Brancher: Canton, Tolshan, Shanghai, Gen. Motors... 32%
Int Tel & Tel.. 9%%% Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd., Loew'a Inc.
Foreign Exchange and Banking Mont Ward business of every discription tran-Nat Distillers jacted.
NY Central
Current Accounts opened and Fixed Stan Q NJ.. Deposits received for one year or U.S. Steel..... 38% shorter periods at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONO MEAN,
Chief Manag.
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in- Vaula
that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT
located on the Mestanine Floor of
London Prices The following quotations from Lon- don were received. last night between 5.30 p.m. and 10.30 p.m.
Silver: Spot, 24% (last close), 245 }(last reed}}} %% up (change).
Silver: Forward 24% (last close); 24% (last reid.), & up (change)..
Silver Report:-India and speculators bought. China sold. Market quietly steady.
Gold: 139/6 (last close), 139/4 (last [reed.), 2d, down (change).
Balatoes, $87 n.
Baguio Gold, 46 cts. n. Benguet Consolidated $13% n. Benguet Exploration 20 cts. b. Benguet Goldfield, 20 ets n. Big. Wedge; 10 cts. n. Gold Creek, 22 cta. n. Gold Rivera, 22 cts. a. Ipo Mining $21⁄2 «. Itogans 36.30 n. Salacots 16 cts. n. Kallan, 20/- n
Langkats (Single)-Sh. $15 n,
London/Paris Selling Rate: (last close), 4.99% (last recd.), (change).
4.09
up
S'hai Exploration, Sh. $5.10 n. S'hai Louna, Sh. 36 n. Raubs, $11 6.
London/Paris Selling Rate: 75.71 (last close), 76.71 (last recd.), un- changed..
Our New building is Specially Con- Liverpool Cotton-Mar: 6.73 (last) atructed to provide. all of these m-close), 6.74 (last recd.), 01 up. (change) portant Qualities,
Liverpool Wheat-Dec.: 4/8 (last obtain a Safe Depoalt|close), 4/84 (list recd.), up You may Box in this most up-to-date Vault for change), your own use at a very moderate Rab-London Rubber-Jan.-Mar.: (buyers) 6-7/18 (last close), 6 (last recd.), tal.
1/16 up (change).
Inspection Cordialy Invited. THE NATIONAL: COMMERCIAL & SAVINGS BANK, LTD. Corner of les Hense: Hirest and Des Voeux Road, Central
THA
81⁄2 (last clore), C (last recd.), % Up London Rubber-Jan.-Mar.: (sellers)
(change).
London Rubber at noon (buyers) 6% (last' reed.)
London's Forecast
A forecast from London on the prob-j able trend of the New York market, atates:-
AMERICAN EXPRESS COMPANT,Some technical reaction is due on
VINCE
Head Office: 45, Broadway, New York
Capital Surplus Reserven
THE BANK OF TAIWAN, LTD.
Head Offer: Talhoku, Formon, Incorporated in Japan by, Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
issued Average amount Y.45,000,000)
Branches and Agencies.
Japan:-Kobe, Osaka, Tokyo, Yoko- hams, Keelung, Makong, Nanto, Shoks, Shinchiku, Taichu, Tainan, Berlin Taito, Takao, Temsai, Toen, Karenko, Kagi, Hello, Giran.
.U.S:$6,000,000,00 2,087,113.50 .... 1995.5268
BRANCHES-
Eztarlake Jerukalam
Pripin
Palerted Boisarda
Be
Amsterdam Antwer Athan
G130 Glangor
Havica
Nice
Naples
Puneus
Brie
Hamburg --
Furia
Bombay
Endelberg
China: Amoy, Canton, Foochow, Han-
kow, Shanghai, Bwałow.
4.
Brames Brussala Cairo Calcula Салем
Colomb
Copak
Dublin Edinburgh Florsson, Genera
Monte Carle Mazzila
Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya,, Dairen
On and after April 20th, 1934, the rate of Interest on Special Carrent "Deposit will be at 15% p.a. on daly balance and the rate for balance "Over $10,000 will be quoted on application (Maximum rate—1%).
Y. OHNO,
Manager.
7
Hong Kong Branch
3. Des Voeux Road, Centrál
Loadin Liverpool Lu Ingra Lemor
– Montresan
Shinghe. BootCampo Bingipor Tiati Trof
Vecile Yokohama Zurich
Branches of American Express Com Праву in Principal cities of United States of “Amprica, and Canada, (Da All classes of Commercial Banking {Pransactions, undertaken,
.
Paagal investment scements,
THE YOKOHAMA SPECIE BANK Bandlea,
LIMITED.
Established 1880
The Company offers to intending Travellers the use of Ita. "Travelers Cheques" and Letters of Credit and In addition, the world-wide prices Capital (fully paid-up) Yen 100,000,000 of its thoroughly equipped Travel De- Beserve Fund
· Yen.124,250,000)
partment.
Head Ofice:---YOKOHAMA
Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta
Nagasaki Nagoya New York Osaka
Paris
Palping (Dalny) Rangoon Fenghien (Mukde) Rio do feneiro
Hamburg Aut Hankow
Harbin
Hong Kong Honolulu
Hainking
Karachi,
Kabe
London
Low: Angeles
Manila, Fr
الملا.
San Francisco Seattle Semarang
Shangha Singapore Sourabaya Sydney. Tientsin Tokyo
Tringtan Yingkow
C. H. BENSON,
General Mazagar.
THE WING ON BANK, LTD. HONG KONG
Authorised · Capital $10,000,000
Foreign Exchange and Banking Business of every, description transact- ed,
Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one year or shorter period at rates which will be quoted on 'application.
Safe Deposit Boxes (various siasa)
Incorset (llowed on Offrent Ao-for hire,
amanda.
Depoilts received for fixed
rerloda
PHILIP GOCKCHIN
Chief alannger
ká aután to be obtained on application. L. GOCKCHIN
G. KISHINAMI
Hong Kong, 11th Septe er} 1954,
Assistant
LI. SHU PONG: Assistant Manage
Wall Street, but on the whole the tendency fs expected to remain-satis- factory in view of more promising out look in Utilities coupled with increased pubile interest as shown by the pre- vious day's turn-over.
Cotton is expected to open steady with trading more encouraging, now that December liquidation has been completed.
Wheat may open steady with corn bullish.
Rubber is expected to open higher in sympathy with London.
UTILITIES TAX INCREASE
**IN NEW YORK
New York. Today,-New York City Aldermen plan to double the 1.5 per cent tax on utilities.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
18," Grasuckuch, Reek, London, 2.0.3.9
Authorized Capital Subscribed Capital Paid-up Capital Reserve Fund & Best..
BANKEEL:
£8,000,000 1,800,000
1,050,800 1,247 AES - The Bank of England 3 Midland Bank, tadi BRANCITES; Bangkok Ipo Bombay
A
com
D
Kuala Lipis
GABA
How
New York"
Mana
[zariki) Rangoon Kuala Lumpur.. Shanghai Kunstad' (Paburg) Simh Hadra Singaparn
*HGSG-KONG BRANCH
Every trippin Banking and change kwal
Trustes and Executorships under taken. Tu fai d
INTEREST alowed he Curentàconante “ånd Fixed Deponila at Balon “hat may be
21, B., BOSS”,
7. Queen's Bond Central, gi
Hong Kong, 12th June, 1934
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up 7/7/4/85,000,000. Reserves
.................$7,000,000.. Capital Savings Dept. $600,000. Reserve Savings Dept. $600,004). Head Office-Shanghai
A Bank having as ita miisioh the fndustrial, development of Chimi and the fostering of her connier clal relations abroad. Figong Hong Kong offo7 Ice House S, SAM & Phone_31481-3-35vKETS!
Vanz; Goldfield, $5.
Docks, etc.
H.K. Wharves, $109 n. H.K. Docks, $12% ñ..
Providents (old) $1.40 b., 31.45 sa. Providents (new), 350 ̊cts. n. Hongkews, Sh. 310 .. New Engineerings, Sh. $5% n. S'hai Docks, Sh. $122 n.
Cotton Millä,
Ewo Cotton Sh. $10.20
S'hai Cottona (old); Ex. div. $75 n. S'hai Cottona (new), Ev. div, 845)
n..
Zoong Sings, Sh. 19.40 n. Wing On Textiles, Sh. 355 m.
Lands, Hotels, etc,·
rive,
LOCAL DOLLÁR
UP AGAIN
Silver Prices Advance
The local dollar has advanced
opening on demand this morning at 1/7/8.
Roosevelt is seeking a balanced Budget in the shortest time possi- ble.
Banks Reiterated
London, To-day. Unfavourable factor was that al-i Answering a question in the tomobile production was 18,000 cura House of Commons yesterday, the against 16,810 last, week and 23,326 Chancellor of the Exchequer, Mr. for the corresponding period of last Neville Chamberlain, recalled that
the Bank of International Settle E. Levy And Company's Report handle reparation payments but to ments was set up not merely to In their market report, Messrs. assist in the collaboration between
year.
Spot and forward silver prices S. E. Levy and Company, correa central banks, and that Britain was advanced yesterday closing at pondents for Messrs. White, Wald
a party to the resolution passed ab 24% and 24%, respectively.
and Company. New York state:
the International Economic Confer- The London on New York cross- "Stocks: An Increased participa-ence which re-affirmed the declara rate, which closed on Monday at tion in stocks is still noticeable due tion favouring close and con £-U.S.$4,98%. remained unchang-partly to the co-operation between tinuous co-operation of central ed yesterday while the New the Government and Business. We banks and expressing the view that York on London rate closed at hold that the situation still justifies the Bank of International Settle- U.S.$4,98%, as compared with a constructive attitude.
ments should play an increasingly U.S.$4.99%.
"Bonds: U.S. Government bonds important part in that process. were irregular. High grade issues British Wireless Service. continue to move forward, while
RAW RUBBER PRICES
Latest Quotations From Singapore
Mesars, H. B. Joseph & Co. have
the received
following Strafta Currency quotations (Buyers) from Singapore for Raw Rubber
Jan.-Mar-21 % down. April-June 23 % down.
Market:-Quiet.
ANGLO-POLISH COAL AGREEMENT
Great Progress Made
London, To-day. The Secretary for Mines. Mr. Ernest Brown, stated that during the discussions recently held in- Warsaw very great progress made towards the conclusion of jan agreement between the British
H.K. and S. Hotels $4.90 b. H.K. Landa 3511⁄2 b., 852.10 sa H.K. Lands 4% Debentures and Polisit coal-owners.
101%
Shanghai Lands, Sh. $26 n. Metropolitan Lands, Sh. $13 h. Humphreys. $91⁄2 n. HK, Realties $4.30 b. Asia. Realties "A", Sh. $100 n. Asia Realties "B" Sh.$20 n. Chinese Estates, $90 m. China Realties, Sh. $121⁄4 n. China Debentures Sh; $187 n.
Public Utilities
H.K. Tramways $191⁄41⁄2 b., $19,80 Peak Trams (old), $14 n. Peak Trams (new), $7 n. Star Ferries 397 n. Yaumati Ferries $221⁄4 n. C. Light. (old), $9.20 b. C. Light (new), $8.90 b. H.K. Electrics $68.10 b.. $68. ea. Macao Electrics, $25 n. Sandakan Light, $8 a. Telephone (old), $23,10 b. Telephone (new); 7 $9.60 b. China Buses, Bh. $18.20-1. Singapore Tractions 4/3 b. Singanora Pref.. $17/9 h.
Industrials a Malabon Sugaraj 870 n. Calds Macg. (Ord.), Sh. $21 n. Cald: Macg: (Prof.), Sh. $20 ¤. Canton Ices $2.85 b. Coments $2.10.-b.. H.K. Ropes, $3.60 b.
Stores, etc. Dairy Farma, $223⁄41⁄2* 8: Watsons 36 m.
Der. A. Winge, 31 n.
r
WEN
British coal-owners had now in-. vited representatives of Polish owner to come to London next discussions, would Monday when
British Wireless
be resumed. Service.
J
U.S. RAILWAY INCOME IMPROVES
New York, To-day-The Octo aber net operating income for 25 United States railroad companies |was U.S.$13,414,000 against:?ÜB. $9,994,000 for September and US. $14.910,000 for last year-United Press, per S. E. Levy and Com pany.
MONTGOMERY, WARD SALES BOOM SEEN
New York, To-day.-Dow Jones forecasts that Montgomery Ward November sales will be the best aince 1929--United Press, per±8. | E. Levy and Company.`
FINNISH BOND ISSUE'S
· SUCCESS IN US.
Washington, to-day. It is re ported that more than three-quar ters of the Finnish bond issue, placed on the American market yesterday, has already been dis- tributed. Unfted Press par 8. E
Lane, Crawfords, $3% b and 8a Levy and Company Mackintosha, $21'ng'
Sinceres, $10 aiệt kh
Wm. Powells, 70 cts, n.... Wing On (HK) $110 n.
Miscellaneous. H.K. Amusements, $2% Entertainments, $73% n. 3.C. Enterprises, $1'n. “ Macro "Greyhounds,” #2 n. : Constructions (old), $1.80 n. Constructions (new), 75 ctx. b. Vibro Piling $8.80 m. // Ch. Govt. 5% 1926 G&Bds.-90%
H.K: Govt: 4% Loan 75%
b. 8% premade ana H.K. Govt. 8%%%
prem" nome Wallace Harpers $7%,x. Jingumom inna Nikolřina
Is It Insured?
VT (LOWEST RATES American Antatie Underwriters Fed." Inen U.g. Liemers) Arins
H.K. Ofice
Auli Life Balding
second grade issues are stronger and active. look like going higher.
"Rubber: Trade reports Indicate- "Grains: Profit-taking was easily that 40,000 tons of world stock re- absorbed and cash premiums are duction for the first quarter of 1935 climbing. Weather in the Argentine would accumulate on dips. is threatening.
"Flash: The American Can Co.. "Cotton: Futures were acting has declared a regular quarterly better and a further advance is ex-dividend of one dollar and an extra pected, but cotton goods were selling dividend of $1."-Reuter.
The market was poorly.
(Continued on Page 7)
LEE
more
THEATRE.
FINAL SHOWINGS TO - DAY see the BATTLE ROYAL of the JUNGLE BEASTS! One of the never-to-be-forgotton thrills
in a never-to-be-forgotton picture!
NAGANA
with
TALA BIRELL & MELVYN DOUGLAS
NEXT CHANGE TO-MORROW. “THE DEEDS MEN DO"
A Synchronised version of
THE FAMOUS BATTLE of CORONEL
AND FALKLAND ISLANDS Daily at 2.30, 5.30, 7,30 & 9.30 P.M.
Prices: 40 cts., 30 cts, & 20 cts,
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTORS SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
"
DAILY NEW YORK STOCK AND COMMODITY SERVICE
NEW YORK
Members:
COTTON EXCHANGE COMMODITY EXCHANGE INC. CHICAGO BOARD OF TRADE
CANADIAN COMMODITY EXCHANGE, INC.
CORERSPONDENTS FOR: *
WHITE, WELD & CO., NEW YORK-
7. ICH HOUSE STREET, HONG
Tel: 80101_ahil 80108.