BANKS
BONG KONG AND SHANGHAI
BANKING CORPORATION.
§atherland: Capital
Limad and Fully Paid-up
Barve Funda 1--
Backing
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
350,000,000
30,000,000
#6,400,000 10,000,000
Reserve Elablilty at Propeletors 80,000,000
HEAD OFFICE: LONGZONG.
BOARD OF DIRECTORS.
Hoa. Mr. C. G. B. Maskia Chairman,
Ben M... Dodwelt, Deputy ChairsaN.
W, M. Ziali, KL
d. Miskin, Rog
Incorporated by Royal Charter, 1853.
HEAD OFFICE: DONDON
Paid-up Capital"
Reserve Fund
...........£3,000,000 £3,000,000
Reserve Liability, of Pro
prietors
...£3,000,000
i Agencies and Branches:
Alor Bear
Hallo
Bagon
Amalinar
Ipok
Baigon
Bangkok
Belaris
Xiaos
Semarang Baremban
St. Denyson, Kag.
K. B. Morrison, Xag.
Bombay
Shanghai
T. E. Faure, En
Choute
Kulia
Dacos
Бодрит
Cawnpore
Zucking
Cebu
Dolcenbe
Manila
Medan
Haiphon
New York
Hambers
Piping
Elogio
Hankow
Paking)
Yokohama
Sarbin
Temang
Zamboang
Hana Kown
11, Kotwich, Eng.
14. Kiight, Kaq."
AMOT
TYÖKOK
TÁVLA
BOMBAY SALOUTTA CANTON OBEVOO DOLOMBO
V. M. Graybara, bes.
Chief Manager,
BRANCHES
LONDON LYONB MALACUA MANILA
MUAB (Johore)
MUKDEN
NEW YORK
PRIPING
PENANG
RANGGON
TOOOBOW
MALPBONG
BAIGON
MAMBUIR
BAN FRANCISCO
TANKOW
KUALA LUMPUR
ABBIN
BILANGHAI
BINGAPORE
ДОМОКЕИ
копа
IPOH
KODE
KOWLOON
LUURABAYA
BUNGE PATANI
TIENTSIN
TOKTO
TOLNOTAO
YOKOHAMA
--
Darat Accounts opened in Local Currency ané Fixed Deposit site for one your or aberter periods in Local Company and Sterling un tema which will be quoted on applization. Kong Kong, Bià April, 1994,
HONG KONG SAVINGS BANK.
The Busine of the above Bank la conduer. by the HONG KONG AND BHANGHAI Bala may be RAWLING CORPORATION.
pained be application.
FOR THE HONG KONG AND SHANDELI BANKING CORPORATION.
V. GRAYBURN,
Chief Manager.
Hong Kong, Mik Yebruary, 1984.
THE BANK OF EAST ASIA, LTD.
Autherland Capital
--- $10,000,000,00
4,500,000.00
eve and Undivided Profle 0.00
HEAD OFFICE:~HONGTMKOFG
12, Des Vade Bood Central
BOARD OF DIRECTORA
Biz Bhouson Chow, Chairma
Loon Chun, Esq. P. X. Ewok, D. POCE Tony, Eag.. Chen Ching Shak, Ed.: La Lan
Eng., Wong Dao. Sas, Esq. w
May.
Moskow
Kelom
Kan Yis
Eau Tong Po. Eng.. Chital Moangw.
Id The Fong. Eng., Kanaga.
BRANCHES AND AGENCIES:-
Masita Helbourne.. Nagwald Now, Zork Osaka
Paris
مل المعمة
Bemarsz Bhanghai
Gourshaya @water dnes,
Peping.
Pasing Rangoon
Tilbake
Thesis
Toky
Tencont
Yokakama
San Franciscs
Bryson at 'Banking und
lens trapandied. Los granted approved Correct Account opened in Louel Carrone and Fized Depalla esived for one you werter perioda in Local And Farels. Durrsaciar
Sulaw Sourabay Titles Tiantais
(Enker)
„THE CHINA MAIL THURSDAY, DECEMBER 13, 1934
Commerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Dealine
is steady, The local dollar opening on demand this morning at 1/83%.
Spot and forward silver prices! have declined 1/16, closing yester- day at 24-9/16 and 24-11/16, rea- pectively.
The London on New York cross- rate was quoted at £-U.B.4.94%.
Foreign Bechange and Coral Banking business compared with £—U.S.$4.95. tesaamolai.
Carriot Apocals opened and Fixed Depolis received for one year of thortar pretvis al rets The New York on London rate was quoted at £-U.S.$4.94%, as which will be noted an appilosion.
compared with £-U.S.$4.95%
W. EK THOMAS,
Acting Manager, Hong Kong, 20th February, 1984.
THE BANK OF CANTON,' LTD.]
Ratablished 1912.
Head Ones: Hong Kong.
Authorised Capital
Paid-up Capital
Total Resources wi
TELEPHONE PROBE DELAYED IN US.
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
RAILROAD SHARES A DRAG
Preventing Industrial Rise In U.S..
WALL STREET FACTORS
NEW YORK STOCK EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
The following quotations from New Fork have been received by Messrs. 8. E. Levy and the American Oriental Finance Corporation.
New York. Today Brokers term Tuesday's decline a
Wall Street NY/London
The following is the list of local technical reaction. share quotations issued to-day:
Banks.
H.K. Bank $1615 b H.K. Bank (London) £187 n. Chartered Bank E16 Mercantile Bank, A. & B, #32 n. Mercantile Bank C. 4184 n. Bank of East Asia; $93-n. Am::O. Finance Corp., 8h. $20 a. China O. Fin. Ord., Sh. 4 n. China 0. Fin. Prof. 8h. 35 n.
Insurances.
Canton Ins., 8270. Union Ins. 3510 b. China Underwriters $1.10 . China Fire Ins., $510 n. H.K. Fire Ins., $2871⁄2 ¤. International. Assce. Sh. $5.60 n. Shipping.
Commission Need Money Douglaser, $41 n.
Before Survey
Washington, To-day.
$11,000,000 8,658,000 82,170,492 SPECIAL TO CHINA MAIL. Branches: Canton, Tolahan, Shanghai, (By Telegraph, Copyright, Telegra Hankow, Bangkok & San Francisco.phic Messages Ordinance, 1894, Re London Bankers: Lloyds Bank, Ltd, ceived December 18, 8,35 am:)
Foreign Exchange and Banking business of every discription trans-
It is learned that the Federal in- acted.
Current Accounts opened and Fixed vestigation of the American Tele- one year of phone and Telegraph Company, ori- Deposits reestred for shorter periods at rates which will be ginally scheduled for January, is quoted on application.
Safe Deposit Boxes (variona' aizsa) beginning after February 1, due to the fact that the commission needs for hire.
money through Congressional ap propriation before it can make ita survey, which, it is estimated, will cost U.S.$75,000.-United Press, per S. E. Levy and Company.
LOOK POONG SHAN,
Chial Manag
SAFETY FIRST : To Safeguard Your Valuables and Jewelleries. Deposit them in a Vauty that is really: FIRE-PROOF BURGLAR PROOF":
DAMP-PROOF!
OUR SAFE DEPOSIT VAULT located on the Messanine Floor of Our New building in 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| your own use at a very moderate Rea- tsl
Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Cert of lee House Street and Des Voeux Road, Contral
THR
"
METAL EXCHANGE & SILVER DEALINGS
*
Sub-Committee Formed
"
To Study Question
London, To-day.
Metal In connection with the Exchange and silver dealings it is now learned that a sub-committee, comprising of one director and three members of the Exchange, has been formed to study the ques-
tion:
No decisions have been reached, but it is understood that the sub- committee has found a wharfinger who is prepared to store supplies
which will be quoted on application. AMERICAN EXPRESS COMPANY, of bullion.
Mate Deposit Doss To Les
KAN TONG PO,
Hong Kong, 243 March, 1994,
Chisl langer.
INC.
Head Office:$5, Broadway, New York
Capital Surplus Reserves
THE BANK OF TAIWAN, LTD.
Head Office: Taihoku, FermosR, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
Issued Average amount 45,000,000). Amm
Branches and Agencias,
.U.8.85,000,000.00 8,087.112.09 1,995,623.31
BRANCHES.
Antwerp
Usin Olasgow
Japan:-Kobe, Osaka, Tokyo, Yoke-
Janisa
Lama, Keelung, Makong, Naato, Shoka, Shinchiku, Taichu, Tainan, Bombay Taito, Takao, Tamsui, Toen, Karenke, Kagl, Hello, Giran.
Benis
Bevaca Hamburg
Vager Maple
Pirosm
Bellu
Bremen
China-Amoy, Canton, Foochaw, Hana
kow, Shanghai, Swatow. Other-Bombay, Hong Kong, London,
New York Singapore, Batavia, Bamarang, Soerabaya, Dairen
Harro Hoddelbare Interlakes Jerusalem London
Canno Colombe
Dublia
Copenhagen
Florenos
Liverpool Inserae Lagana Labor Marseilles Monte Carle Manila
On and after April 20th, 1934, the Genera rate of Interest on Special Current Deposit will be at 14% pa on daily balance and the rate for balance, over $10,000 will be quoted on application [Maximum rate-14).
Y. OHNO,
Managar.
Hong Kong Branch
8. Des Voeux Road, Central
THE YOKOHAMA SPECIE BANK
-D
LIMITED.
Established 1880 Capital (Zully paid-up) Tem 100,000,000 Yen 124,250,000 Reserve Fund
Head Ofica-YOKOHAMA- Branches and Agencies at: Alexandria
Batavia
Berlin
Bombay
Calcutta
Nagasak! Nagoya New York Osaka Paris Dairen (Dalny)
Rangoon Fengtien (Mulden) Rio de Janeiro Hamburg
Franciaco Hankow
Hong Kong
Honolulu Háinking
Seattle Semarang
Shanghal
Bingthors
London
Socrabaya Sydney Tientain Tokyo Los Angeles a Tsingtau
Yingkow Koji
Interbes - allowed
Karachi Kabe
Monteux
Peipin
Palerme Botteries
Buse Shanghai Southampton Bingapor Thattin
Taormina Vicexa Vani „Yokokazan
Kurich
Branches of American Express Com pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken,
Personal investment accounta handled.
One informant states that there: is a distinct possibility, of deal. inge being introduced in February, 1985, but the concensus of opinion seems to be that more time will be required for settling detalla- Reuter.
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. B. Joseph & Co. have received the following Straits Cur- rency quotations (Buyers) from Singapore for Raw Rubber:
The Company offers to intending Travellers the use of its #Travelers] : Cheques" and Letters of Credit and,
Jan.-March 21 5/8 Up 1/8 April-June 28 1/4 Up 1/4 Market: Steady but Dull.
THE CHINA & SOUTH SEA BAN; -
LIMITED
Reserve
Branches
(Incorporated in China) Head Office...Shanghai Capital $7,500,000.00 $1,500,000.00 All Important Cities
·In China Foreign Exchange 'and
General In addition, the world-wide services Banking Business transacted."
Pagathi and Fixed Deposits received for one its thoroughly equipped Travel: De-Current and Saving Accounts opened partment.
year or shorter periods at rates which will be, quoted or application;
SOU Z. CHANG,
Dent Manager."
E. W. DUGGAN,
Manager,
THE WING ON BANK, LTD.
"TONG TONG
Authorised 'Capital $10,000,000 †
Foreign Exchange. and Bankin Business of every description transac ed:
Current Accounts opened, Deposits received at special rates, Fixed Deposits received for one for shorter, period at raten:
be quoted on application.
Safe Deposit Boxes (various)
WRATES PHILAT
Chief
TONG
HONG KONG BRANCH:
24, Des Voeux Road, Central. Manager's Office:
Foreign Exchange Dept. General Office “......... Cashier's Offica
Tel 83585
88566
88567 83669
THE SHANGHAI COMMERCIAL
SAVINGS BANK LIMITED,
* (Incorporated in China);
Capital paid up
$5,000,000. Reserves Capital Savings De Reserve
000,000, 1000
H.K. Steamboats, 97% m. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) 46/71⁄2 n. Union Waterboats, $18.
› Mining. Antamaka 71 'cta. b. Balatoes, $37 n.
Baguio Gold 40 cts. n.
ידי
Benguet Consolidated $13% n. Benguet Exploration 22% cts. A. Benguet Goldfield, 20 cts, n. Big Wedge, 10 cts. n. Gold Greek 20 cts. b. Gold Rivers 201⁄2 cṭa n.' Ipo Mining $1 n. Itogans $6.30 n. Salacots 16 cts, n. Kailan 19/9 n.
Langkats (Single)_Sh._$16_n. B'hai Exploration Sh. $5 n. S'hai Loans, Sh. $6. Raubs, $11-n. Venz; Goldfield & a. Docks, etc. H.K. Wharves $105 b. H.K. Docks, $124 n. Providents (old) $1.40 b. Providents (new), 50 cts. n. Hongkets, Sh. $810 n. New Engineerings, Bh. $544 n. 'S'hai Docks, Sh. $120_n.
: Cotton Mills. Ewo Cottons Sh. $9.20
19.60/9.10 sa
S'hal Cottons (old), $741⁄4 n. S'hal Cottons (new), $45 . Zoung Sings, Sh. $9.40 n. Wing On Textiles, Sh: $55 n.
Lands, Hotels, etc.
Last Close 10.10 11.00 24.94% 4.95
4.01%
کنم
chart compilers do not expect a con- NY Cotton & tinual industrial rise unless railroad Mar. July, ahares advance.
M. Silver Mar. 65.80
May
55.85 NY Silk May 1.20
Favourable factors yesterday
were:
(1) In order to end the New NY Rubber
· ·MAT. Jersey gasoline price war, the major
July companies are advancing the price c. Wheat May 101%
July by 5.3 cents a gallon.
(2) The publication "Iron Age" C. Corn May 89% states that the gain in steel produc-W. Whest May 83%
STOCKS: tion is chiefly ascribable to rising Amer Smelting 35%
12.60 12.59 12.00 12.87 12.65
12.56
65.208
65.756
181
.18.14 18.51
18.3
18.20
13.54
13.54
101%
-25%
80%
83%
36
consumers needs.
Auburn
24%
(B) November department store Con Gas. NY sales were 11 per cent. above, those Du Pont for November of last year,
22%
90
Elec Bond & Sh 7%
$8 24% 25 22% 23% 06 90 736. 8 81%
954
LAMMERT BROS.
AUCTIONEERS, APPRAISERS AND SURVEYORS,
Public Auctions
THE Undersigned have received instructions to sell by Pablig
TH
Auction
ON
Friday, the th December, 1934- commencing at 2.80 p.m.
at their Sales Boom,
Duddell Street
A Quantity of
VALUABLE HOUSEHOLD
FURNITURE.
Comprising:
Chesterfield couches and arm- chairs, Teak wardrobes with bevell- ed mirrors, Teak dressing tables, Teak Sideboards, Teak Dining tables, Teak & cane seat chairs, Teak & glass top side tables, Teak hatstand, Office desks, Glass cabin- 314ets, Teak filing cabinets, Ice chest,
Book cases, etc., etc. · 3494 34% 844
An unfavourable factor was that General Motors 31%,
Int Tel & Tel B the Federal Trade Commission haa Loew's Inc charged private utility companies Montgomery W. 23% with having issued limitless securi-Nat Distillers
NY Central 21%% tles, resulting in losses to investors Standard Oil NJ 41% of billions of dollars.ht
US Steel 8. E. Levy And Company's Report
21%
28%
28%2
285%
274
27
21%%
4134
41%
97
87
"
London Prices
Silver ware, Brass ware, Cutlery, Ornaments, Wall clocks, Cameras, Tea sets, Crockery, Glass ware, Gramaphones and records, Pictures, Oil paintings, Linen, Carpets
In their market report, Mesars. The following quotations from Lon-rugs, Table-screen, Folding screens,. 8. E. Levy and Company, corres-dou were received last night between Typewriters, Gas stove, Gas geyser,.
Wash hand basin, etc., etc.. pondents for Mesars. White. Wald 5.30 p.m. and 10.90 p.m.
SILVER- and Company. New York state: Silver Spot 24-5/8 (last close),
their buying 24-9/18 (last recd), 1/16 down Several pieces of fine carvedi
When "Stocks: efforts failed to produce results, (change).
Silver Forward 24-3/4 (last close), blackwood ware. tradera turned into hasty sellers,
24-11/16 (last reed), 1/10 down) causing a decline which was largely (change). technical Important groups are (Continued on Page 11.)
Silver Report: India bought. China. sold. Speculators bought and spld. Market quiet.
Gold 140/4-1/2 (last close), 140/5)
·COMMODITY PRICES (last red) 1/2 up (change).
The following quotations have been received by Messrs. S. E. Levy and Co., and the A.O.F.C.
New York, Yesterday.
Dec. 11 Dec. 12, Closing Closing
London/N.Y. Selling Rate 4.95-3/8 (last close), 4.95-1/16 (last recd), 5/16| down (change).
London/Paris Selling Rate 75.09 (last close), 75.03 (last recd), .06 down (change).
Liverpool Cotton-May 6,72 (last close), 6.78 (last recd), .01 up (change) Liverpool Wheat-May-5/4-1/B..(last close), 6/8-5/8 (last reod), 1/2 down (change).
London Rubber-Apr-June (buyers)
also
and
Ond Adding Machine One Reflex camera
Three Cottage" Pianos: One Piano Player bý Remington One Checkwriter.
One Calculating Machine On view from Thursday the 13th... December 1984.
Terms: Cash on Delivery
LAMMEET BROS., Auctioneers. Hong Kong, 11th December, 1984, -
8-9/10 (last close), '6-9/16 (last recd), sexx: unchanged (change).
New York Cotton:
December.....12.53.
12.54
January
:12.52
12.52
March..12.60
12.59
May
.12.59
12.58
July
12,57
12.57
1/16 m (change).
12.34
London Hubber
at noon (buyers)
8-1/2 (last recd).
October (1936)' .'12.33 New York Robber:- December January | March May
12,85 - 12.95. 12.92 $28.00 ...13.14 13.19- ...13.81 b 13.37 .19.51 13.57
13.76 b September......18.72 *** Chicago Wheat:- December
B., July
1.00%
May
1.01%
July
96%
|Chicago Corn:~
H.K. and S. Hotela $5.05 b., $5.15 December
H.K. Lands $54) b., $541⁄2 8. H.K. Lands $101% n. Shanghai:Lands Sh. $25. Metropolitan Lands, Sh. $18 n. Humphreys $94. b. HK Realties $4 m. Asia Realties "A", Sh. $109 m. Asia-Realties "B" 5k.420 n. Chinese Estates, $90 n. China Realties, Sh. $12 n. Chins Debentures Sh. $187. n.
Public Utilities
H.K. Tramways $20,60 n. Peak Trama (old), $12 s. Peak Trams (new), 67 m. Star Ferries $98 b.
Yaumati Ferries $221⁄4 b.
C. Light; (old) $10.60 8.
C. Light (new) $10 n. H.K. Electrics $77% b., $78 sa. Macao Electrics,- $25 - n.o Sandakan Lights $8 Telephone (old); $24 n. Telephone (new) $101⁄4 u. China Buses, Sb. $18.20 n. Singapore Tractions' 4/3 b. Singapore, Pref. $17/9 à.
Ger• Industrials Malabon Sugars, 18.70 m. Cald: Macg, (Ord.), Sh. $21 n. Cald: Macg (Pref:) $20 n.' Canton Ices $2.85 b.
Cements $2.81% b., $2.35/2.87%
Baths
H.K. Ropes $4.10 m.
Stores, etc. Dairy Farms $24 ̧ b. Wetsons $5 'n.
Lane, Crawfords $3.75 Mackintoshs, $21 n..
Sinceres 194 nề
Wm. Powello, 70 cts. D. Wing On (HK.) $105 m. projects Miscellaneous.
H.K. Amusements, $2 Entertainments, $74 n. 8.C. Enterprises, $1 n.. Macao ("Greyhounds," "§à? Constructions (old) $2 p Constructions (new) 78 cta. b Vibro Piling 26.60 20
Ch: Govt 5% 1925 G2Bds--g
H.K Govt 4% Loan, 8% grei AHL.Ku Govt EKS
London Rubber Apr.June (sellers)
6-5/8 (last close), 6-11/16 (last recd),
London Foreenst
A forecast from London on the pro- bable trend of the New York market, states:
Dull conditions are expected on Wall Street, yesterday'a late decline not be ing taken too seriously,
Cotton is expected to be unchanged and at a deadlock. The situation re- garding the release from the optional 1.00% Pool is uncertain,, but this is not ille- 1.00 turbing the Government, itself being 941⁄2 the the heaviest loser by the declines,
se it is unlikely to precipitate any X releases.
91% 92% 89%
May
88
July
88%
85%
Winnipeg Wheat:
| December
78
May
TB - 88%
July
8412
64
New York Sugar:- December
1.91
1.87
March
1.81 1.82
May
1.85 1.87
July
11.88
1.90
||New York Slik?----
December
1.28
1.28
March
1.90 1.30
1.29
*1.30
|Montreal Silver:ime
December
May
July
54.25 b 54:25: .55.80
55.20 b 5585 55.76 56.47
B.:-BID.
May
March
58.40* b
U.S. GOVERNMENT BUYS 110 NEW PLANES
Rubber is expected to be a little lower.
Wheat is anticipated to open dull Franck growers are protesting against.
a. Government measure. Stringency in the United States and lateness of the crop in Australia is reducing the visible supply.
MORTGAGE MARKET
IN AMERICA
Jesse Jones Criticises Bankers
SPECIAL TO CHINA MAIL
(By Telegraph, Copyright, Telegra phie Messages Ordinance; 18PL, R+ X ceived December 18, 8:36 am). New York, To-day-
In a speech to the Bond Club, the Chairman of the Reconstruction Finance Corporation, Mr. Jasse Jones, criticised bankers and busi- ness men for their failure to aid in reviving the mortgage market.
He offered US $25,000,000 of g New York, to-day-The United R.F.C. funds toward a mortgage States. Government has purchased financing institution; it private ||110 aeroplanes, coating U.S.$1,896, interests will match that figure-
400.—United Press per S. E. Levy United Press per 8. E. Levy andį and Company
Company j
·· WESTERN UNION INCOMES: RISES SHARPLY
Western
New York,to-day Union's net income for Octo totalled U.S.$282,638, as against |U.S.$186,0881 for October last yea
-United Press per 8. E Company
Tiredn
Is It Insured?
Everything
gone..BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING"
START NOW UNDERWRITERS
SAVINGS BANK FOR THE FAR EAST,
INC.
Asia Life Buliding Horr Boar
Tel. 80254
S. E. Levy & Co.
UNDERWRITERS, AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND BOLD" ON COMMISSION DAILY NEW YORK STOCK AND
COMMODITY SERVICE ¦ !
Memberai.
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO, BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INC.
-WHITE
RESPONDENTS
MAD & CO., NEW YORK
17 ICE HOUSE STREET, HONG KONG
IT: 30101nd