BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION:-
Authored, Cigital
$50,000,250
Josed and Fully Pild-up 30,000,000 Beteers Funds 1-
£6,500,000
Üldvar bádio s $10,000, DOD Morays Liability of Propitatory $30,000,000 HEAD OFFICE.; LONGKOKU.
BOARD OF DIRECTORS Hon. Me, 0, 0, B. Makia Chakra,
Hon Mr. X, H, Bodwall, Deputy Chairman.
W. Bell Erg,
B. Velog.
“The Kaighs, Kag
AMOY
MANGKOK BATAVIA
OVHAY SALOUTTA
ANTON EHETOO
COLOMBO DAZBEN
INDOONOW
MAKSUDNY
MIONGRES
KANIOW
HARBIN
20110
OK
JOHURM
TOB
KOWLOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
I corporated by Royal Charter, 1888.
THE CHINA MAIL, WEDNESDAY, JANUARY 2, 1935
Commerce and Finance
HEAD OFFICE: LONDON MARKET ADVANCE
Paid-op" Capital' Reserve Fund 1,
..$5,000,000 .£3,000,000
Reserve Liability of Pro-
prietors
TO CONTINUE
$3,000,000 Whitney's Optimism
Assures Traders
Agencies, and Branchen:
Alor Star
Holle
Amritam
Ipol
Karnoki
Rangoon Salgon Samariag
Beleria
0. Miezia, Reg
Klang
Bamber
Eol
-5. 15. Morrison, Ees
Calcutta
Shanghai Бодарок
5. Z. Farise, Žaq.
Custom
Lompar
Bizowan
| Cawnpore
Ivoling
Sourabaya
Geb
Hadres
Talplas
[Colombe
Marila
Dellal
Tongkak
Haiphong
New York.
(Baukar)
Hamburg
Pripjes
Tailo
Hankow
(Paking)
Tokohama
Marble
WELLE
Zamboanga
V. M. Graybarn, hog.
Chist Manag
BRANCHES-
LUNDUN
LINH
MALACUA
MANILA
KUAIS (Johor)
MURDEN
NEW YURE
PRIPING
·PENAXO. BANGOKIN
HALGON
HAN FRANCISCO
KUALA LUMPUR
SHANGBAL
BINUAPORE
SOURABAYA
BUNGE PATANI
TLENTSIN
TOXTO
TSINGTAO YOROBAMA
Darren una opened in Local Durraudy.
Fixed Deposite received tam opa, pa d rier perioda in Loest Company and Bierling
un terma which will be quoted en appliesiion.
Hong Kong, Leh Spell, 1984.
Hoa Loa
Tenim Dodangs sal tesiral Banking busiam
Hannacted.
Batasos Account opened and Pized Dapos rived for any year or shorter perioda, at rates |which, will be quoted on application.
A. BREARLEY.
Manager. Hong Kong, lat. January, 1985,
SAFETY FIRST!
To Safeguard Your Valuables -and Jewelleries. Deposit them in a Vanit that is really: FIRE PROOF BURGLAR-PROOF DAMP-PROOF 1 -
OUR SAFE DEPOSIT VAULT
HONG KONG SAVINGS BANK. located on the Mearanine Floor of
The Business of the above Bark je vendues- b A HONG KONG AND SHANGHAI ANKING CORPORATION. Boley • be ablained on appliation.
19 THE HONG KONG AND SHANOSAL BANKING CORPORATION.
V. M. GRAYBURN,
ang Koog. Mit February, 1994.
THE BANK OF EAST ASIA, LTD.
Libeled Ospital...
Capital
..813,808,900.30
WALL STREET COMMENT
SHARE MARKET
The Official Summary of the Hong Kong Stock Exchange issued
Monday at 8.15 p.m.
on
MANCHESTER MARKET
REPORT
Business Slow In
Developing
DISCOURAGING NEWS
FROM CHINA
Manchester, Nov, 28.
GREEN ISLAND CEMENT
Trenchant Criticism Of Policy
·CAPITAL REDUCED BY TWO-THIRDS
*
NEW ADVERTISEMENTS
NEW TERRITORIES:
· AGRICULTURAL SHOW 5th and 6th January, 1935 at
near.
SHEK WU HUI Sheungshul Railway Station
to be opened
at 2.30 p.m. SATURDAY, 5th, January by
The Hon. Dr. R. H. Kotowall, C.M.G., LL.D.
Criticism of the past policy of During the past week the market past Directors of the Green There was a fair demand for has been steady, with a distinctly Island Cement Company was utilities and investment stocks. Brmer tendency, but dealing voiced by Mr. H. 0. Odell, a H. K. Banks were placed at $1680, generally have been limited. Al-shareholder, at an extraordinary Trams at $204, China Lights at though sentiment Is considered to general meeting of the Company $10.70 and Telephones at $25.60. be improving speculative activity held in the Exchange Building on Increase and Monday, at which the reduction New York, Monday. The market closing with further fails to show any
sport has not been of any by two-thirds of the authorised trade support. The majority of brokers are pre-enquiries,
volume.
capital of $6,000,000, in conse dieting a continued market ad-
Trading conditions in the cloth quence of losses, was approved Teas, vance to-day. JAM
by shareholders. and yarn market have continued to show improvement, but there have ran been many complaints of impos- The position of the Company, sible bids from abroad. Indian due to severe competition, tarif
Favourable factors prior to the opening of the N. Y. markets were:-
.
(1) New York Times Business
Index was 83.8 against 82.1. last week and 77.6 last year. (2) Mr. Richard Whitney has made a statement predicting a recovery in business, An unfavourable factor was that the Cotton Exchange has reported that November world consumption of the United States cotton was 1,007,000 bales against 1,079,000 bales last year.-United Press per S. E. Levy and Company.
E. A. Pierce Co.'s Report In their market report, the
American Oriental Finance Cor- Our New building is Specially Con- structed to provide all of these imporation, correspondent for Messrs. portant Qualities.
E. A. Pierce and Company New You may obtain a Bafe Deposit York state:
Ital.
]Box in this most up-to-data Vault for "Stocks: It was a typical holiday your own use at a very moderate Ben-market, with steel stocks stronger Inspection Cordially Invited.. on a gain of four points in steel THE NATIONAL COMMERCIAL operationa
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
""Grains: It was a dull and fen- tureless holiday market until near the close, when there was scattered
H. K. Banks $1625 b. $1630 sa. Canton Insurancea $275 bin Union Insurances $510 b., 8520 **B., $515 84, PP.
Underwriters $1.20 b. H.K. Fires $240 b.
Gold River 21 cts. st.
Wharves $112 b., $114.8. Hotels $5,15 b, $5.20 sa. H.K. Land 4% Debentures 100%
Antamoks 76 cts. b., 77 cts. sa. demand has been less general, but difficulties, and other adverse enquiry has covered a variety of trade conditions, was fully set clotha, including some styles, out by the Chairman (Mr. J.
Scott Harston) who also replied! which have been neglected for a considerable time. Calcutta has to criticisms by Mr. Odell:*:* submitted bids for dhooties, but as An
amended": yet only small lots have been book- brought by Mr. Odell for
"investigation committee" with Trifling lines of whites have been a view to discontinuing business secured for Karachi and Madras, was rejected. whilst there has been a fair amount
b.
Realties $8.35 b., $5,35 m. H.K. Trams $20% b., $201⁄2 sa, Star Ferries $100 sa
China Lights (Old) $10.70
$10.70.2.T
China Lights (New) $10.45 b. Electrics $7234 b., $78/78.10 Telephones (018): $261⁄2
$25.60 88..... Telephones (New). $11 b. Singapore Tractions 4/3 b. Cements $2.22% b.
Dairy Farms $234 b... $24 sa. Amusements $2 a.
8. C. Enterprises 81.15 b.
Govt, 4% Loan 8% Prem. b. Govt. 84% Loan 2% Prem B.
ed.
bu
of enquiry for prints, shirtings and
b
covering which strengthened all H.K. SHAREBROKERS
ASSOCIATION
honeys and Dudivided Profts THE BANK OF CANTON, LTD. markets. Corn, closed with prices
HEAD OFFICE-HONG KONG
Des Tarus Bond Conical
BOARD OF DIRECTORS: ---
Biz Shou-son Chow, Dhalsmai
La Loon Chun, Eng., 1. L. Kok, Log. Wang
Tang, Bags Chan Ching Shok, Laqg Li
La Toug Fo, Eaq.... Chial Stoungur.
Tony, Beq., Manage.
BRANCHES AND KORKOLÍS 100
Mazila
Melbourne
Nagmaki
New York
Paris
Peiplag
Penang
Bangoon
Baigon
Sea Francing
bydney
Fra densities of Banking and Exchange Inalsar, insaanted, Lowon gracied en approved)
Ouma Aouate opened in Local Curre
and Tizad Deposita cessivad for one
the periods in Loos and Forelyn Durranias
·Establishe# 1912. Band Offices-Eọng Kong..
Authorised Capital
up on the strength of hog feed. A forecast of colder weather also in fluenced corn.
"Cotton: The Continent and In- $11,000,000
1,681,000 dia" bought moderately while the Total Resources......... 32,170,492 domestic trade continued to absorb Hankow, Bangkok & San Francisco ket is in a position to do better on Branches: Canton, Tolahan, Shanghal, most of the present anles. The mar London Bankers: Lloyds Bank, L4d,
Foreign Exchange and Basting any broadening of the demand. business of every discription trans- "Rubber: The tone of the market acted:
continued to be strong on good buy. Current Accounts opened and Fixed Deposita receted" for one year or
ing by Commission Houses and shorter perioda as rates which will be Dealers, Sentiment generally is {quoted on application.
constructive. Switching differences
Safe Deposit Boxes (various sises) are widening, with January liquida
for hire.
-LOGE FOONG SHAM,
THR
Chiot Manager.
whlok with quoted on appletion. AMERICAN EXPRESS COMPANY,|
Bala Deptul Bose To
ZAN TONG PŐ,.
Chat Manager. Bong Long, let March, 1904.
THE BANK OF TAIWAN, LTD. Head Office: Taihoku, FarmOGA, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
INC.
Head Office:-65, Broadway, New York
Capital ... .U.E.$6,000,006.DO- Surplus Reserves
faned Average amount Y45,000,000|| Amalariam
Branchés and Agencies; (
Antwort
Japan:-Kobe, Osaka, Tokyo, Yako-
hama, Keelung, Makong, Nanto,],, Desire Shoka, Shinchiku, Talohu, Tainan, Taito, Takao, Tamsul, Toen, Karenko, Kagi, Helto, Giran.
Eddelberg Interlaken
2,087,112.89 1,996,628.31
tion lightening up."-Reuter.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICEB
1, Groechurch Street, London, E.0.1.
Authorised Capital
Subscribed Capital
Fald-up Capital
Reserve Fand & Rest
BANKERS :
1,800,000
£3,000,000
1,050,000
1,247,482
The Book of England & 1dland Bank, Ltd.
"York.
||AMŪRIJJUK) Rangoo Bbar bal
Hagaporn
Kanton (Hakang) Kimis Mudra
HONG KONG BRANCH
fancies from various centres, but
resolution
ап
Shareholders Present
Present were Mr. J. Scott
N. T. Produce, Poultry, Fruit, Vegetables, Novelties and Chinese Theatrical performances
Luncheons and Refreshments" by the Alexandra Cafe... at reasonable prices. Admission-10 cents.
PUBLIC AUCTION
THE undersigned have received
instructions to sell" by Pubilo::
TH
Auction
ON
Friday the 4th January 1935 commencing at 2.30 p.m. at their Sales Room, Duddell Strest
Buy A Quantity of
VALUABLE HOUSEHOLD SAMFURNITURE comprising:
business in slow in developing. Harston (Chairman), Sir Robert Moderate lots of whites and fancies Ho Tung, and Messrs. A. L. have been mentioned for Karachi Shields, T. E. Pearce and Li Tse- and a small business has reaulted. fong (Directors) T. C. T. Beck Chesterfield Couches and ar
China Discourages. (Acting Secretary), A. Ritchie chairs, Teak wardrobes with be News from China is still without (Auditor), R. A. Wadeson (Solveiled mirrors, Teak dressing an encouraging note, but a little citor); and the following share-tables, Teak sideboards, Teak din business has continued in poplins holders: Messrs. Frank Austin ng tables, Teak & cane seat chairs, Constructions (New) 68 cts. b. and fancles for Shanghai. Noth (Attorney for A. J. David), M. A. Teak hatstands, Office desks, Glass ing of note has been heard from Figueiredo, C. E. L. Grist, H. J. cabinets, Teak filing cabinets, Ice Hong Kong, but fine goods have Figueiredo, Leang Kam chest, Book cases, etc., eta,
Silver ware, Cutlery, Ornaments, been placed in limited quantities cheung. N. V. A. Croucher, H. O. for Singapore and Rangoon, Odell, F. M. Ellis, A. J. Edgar, Clocks, Tea sets, Crockery, Glan
While bide, from Egypt for
M. E. Politi, F. E. Silva. A. Kit-ware, Gramaphones and records, chell, K. C. Mark, Yu Chee-lick, Pictures, Linen, Carpets," Oplum tanjibs and bleachers, have re- Lo Yuk-tong and Tang Kit-wal., stools, Typewriters, Gas stove, mained on a very low basis, a few finishing cloths and fancies have been booked with the Near East. There has been a quiet enquirya 289, The following report was issued for prints from West Africa, but by the Hong Kong Sharebrokers' very little has been heard of South Association yesterday afternoon. Bank of East Asia 189 b. Underwriters $1.16 b. Unions $505 b.” Antamoks 16 ets. b. 78: cts. S Beng Explorations 20 cts. b. Gold Rivers 20 cts: b. United' Paracales 82 cts b. Kallang $19 b.. ́*
Stock Report
Hotels $5.15 b, $5.20 sa, Realtys $5.85 b..
b,
Providents Old $1.40 b.. $1:45 Trame $20.40 b
Ferries $99 b., #101 8. Yaumati Ferries $224 b. Lights Old $10.70 b.,
10.65 da.g Lights New $10.45 b. Electrics, $72% b
Daily Farms $23% b.
Lane & Crawfords (axi bi Gold $ Bonds 90% b
Govt: Loan 8% 2% b.
Africa.
*LOCAL SHIPPING. STRIKE
Stiffened Attitude On Both Sides
A steady trade has continued for Australla and the Dominions | in dress fabrics as well as standard cloths. The South American mar- keta generally have been fairly active and further business has been arranged : in,,warp, sating, [coloured goods 'and drills for Argen-
tina and Brazil.break.
The tension of the local ship- Continental trade has included plng strike intensifies as the
GUILD DEMANDS FULL COMPLIANCE
a. greys for Scandinavia and em-owners reiterate their determina
broidery fabrice for Switzerland, tion not to yield further to the several good lines being indicated. demands of the China Coastl The Home Trade section has been Officers' Guild." $10.70-active, most styles being in fairly
good demand.
RAW RUBBER PRICES
Rama transstadion of Banking and Bob Latest Quotations From
BRANCHES,
Bangkok
Ipad
Bombay
Kandy
BRANCHES
nots suare
Burlin
Gasson Clarger
Havane Hamburg HATTE
M3Sam
Delhi
Kuala Liple
Nios
Dalia
Kunta Limpur
1.
Naplas
Ho Kang
Firmaus
Lowish
Taria
2
Bossbar Brahen Brusetia
China:-Amoy, Canton, Foochow, Han
London
Calepite
kow, Shanghai, Swałow. Others Bambay, Hong Kong, London,
Cannes
Colombe
Liverpest Louros Lugano
Copenhagen
New York, Singapore, Batavia, Semarang, Seerabaya, Dairyn
-
Dubla
Pälsborgh
Kast Carin
Munich
Moores
On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1%% p.a,' on daily balance and the rate for balance over
$10,000 will be quoted on applicatire
Y. OHNO,
Manager.
(Maximum rate-13%).
Hong Kong Branch
3. Des Voeux Road, Central
متاسيا
Putyin Pal Botlardan Botue Shangha Southamptos.. Жадарог Tlantiky Tammine Vienna Venlos
Yokokaze Burloh
Travellers Chaque Essord.
Trustee and Executorships under
taken.
INTEREST owed on Currant Accounts and | Pland Depaalis - si Hates, that may be sapertalad
on.application.
B. ROBS.
Manag
1. "Grosa's_Bond' Dendral.
Hong Kong: 12th June, 1984.
Singapore
Messrs. I, E. Joseph & Co. have received the following Straits Cur rency quotations (Buyers) from Singapore for Raw Rubber: April-June-28 % Up 4. July-Sept. 244 Up 1⁄4
Branches of American Express Com THE CHINA & SOUTH SEA BANK, Market: Steady.
pany in Principal cities of United |Btates of America and Canada.
All classes of Commercial Banking Transactions wʻlertaken.
Personal investment accounts
THE YOKOHAMA SPECIE BANK and 1.
LIMITED.
Established 1880
LIMITED
(Incorporated in China)' Hand Office....Shanghai Capital
Reserve
„$7,500,000.00 * $1,600,000.00
Branches All Important Cities
Rubber Market will be closed to business on Tuesday and Wednen- day.
Medicine chests, Radiators, Marble statue, Bronze “ware, Electale trains, Filter, etc., etc.
also MEN A Quantity of Blackwood-ware
1 Electrolux Refrigerator
1 Piano player
2 Cottage planos
4 Radio sets
Sewing machines Frigidaire
On view from Thursday the January 1935.
Terms: Cash on delivery
LAMMERT BROS,
uctionéari.
Hong Kong, 2nd Jan, 1985.
Agreement had practically been reached on the question of salaries when negotiations were blocked by the sudden dismissal of the officers if the sa. Yuet Ons PROGRESSIVE RATE REDUCTIONS The Guild then demanded their FOR ELECTRICITY COMPANIES reinstatement with unequivocal agreement to the arbitration| New York, To-day New York award. They were informed by electricity companies have been of Mr. Peter H. Sin, legal represen- fered by the Electrical Institute a tative of the owners, that he was system of progressive rate reduc.no longer acting for the owners tions-United Press per, S. E. of the Yuet. Ca and that his Levy and Company
WEEKLY BANK DEBITS
ست
t
Insured?
«Instiranos ##All/Clima
- LOWEST RATES:
American Asiatic
Fedrino, U 8.4. General Agents
clients, the owners generally, Head Office could not enforce a reversal of a 17, The Bund discharge which was perfectly legal:
Since then the officers of the Chuen Chow and the Lee Hong New York,, To-day. The Federal have also been discharged and Reserve Board has reported weekly the Yuet On has departed on bank debits at 12 per cent. above schedule with a non-British crew. the corresponding period of last year, United Press per S. E. Levy and Company.
WAUTOMOBILE PRODUCTION:
EXPECTED TO BE DOUBLED IRON AND STEEL EMPLOYMENT New York To-day. The auto-
INCREASE IN US
The Company offers to intending Foreign Exchange and General Travellers the use of its Travelers Banking Business transacted mobile industry expects January New York, To-day-The Iron and Cheques" and Letters of Credit and Current and Serving Accounts opened Japital (fully paid-up) Yen,100,000,000 addition, the world-wide ervices and Fixed Deposita received for one production to be around 300,000 Steel Institute has, reported Novem fits thoroughly equipped Travel De-year or shorer periods at rates which cars against 163,711 cars for Jaber employment at 381,668, against
Reserve Fund
·Head Office:-YOKOHAMA
Alexandria
Batavia
Barlin
Bombay.
Onlcatta Banton Dairen Fangtien Hamborg
Hanków
Harbin
partment.
will be quoted on application.
JE. 'WADUGGAN,"
THE WING ON BANK LTD. HONG KONG
orised Capital $10,000,000,
Foreign Exchange" Business of every descriptio
Koinking
Deposits received at spec
Karach
ary of 1934, which will be the g81,431 for October and 899,669 for BOU Z. CHANG,ghest since 1929. United Press November last year United Press
is Manager.
net S. Ek Lavy and Company.
VAN ZANMAITONGAKONG BHANGH
24, Des Voeux Road, Central, Mazager's Offee Tel. 38565 Foreign Exchange Dept., 4, 88560 –
General Office
38567 Cashier's Office
THE SHANGHAI COMI F&SAVINGS BANK L
33569
FARM INCOME INCREASE. PREDICTED IN AMERICA
per S. E. Lévy and Company,
BELL TELEPHONE SYSTEM'S
BIG IMPROVEMENT.
New York, To-day-The- Agri- cultural Adjustment Administra»
New York, To-day The Bell tion has estimated the 1984 farm
mass system; for 1984. has shown gains income, excluding Government pay of about 300,000 telephone ments, $8,000,00 000 and has tions
tions as against a loss of 680,000 predicted an increase in 1985 am United Press per S. E. Levy and Lev. and Company.
last year United Press per S. E. Company.
SEC. NEW ISSUES
STEEL OPERATIONS IMPROVE
Mr. Sin said on Monday that these dismissals followed-natural- ly on the men's refusal to carry out their work after the owners had agreed to pay the standard wages if the reinstatement clause were deleted.
Shanghai
THE · NEW!
·H. K. Offer
"Tel 10234
PLASH ·ABU
S. E. Levy & Co.
UNDERWRITERS-AND-DISTRIBUTORS"
BECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK ÄND COMMODITY SERVICE
Free Members:
PRICES
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE ING CHICAGO, BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INC. -
NDENTS FOR
FICE HOUSE STREET HON