BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
#thorland Capital
** $80,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Larmed and Fully Paid-up 30,000,000 Incorporated by Royal Charter, 1883.
Morte Funds:
Barilag mo3-09 19:41+02 £6,000,000 Silva mom $10,000,000
Basarea Liability of Tropriators
P
HEAD OFFICE: BONAKONG.
BOARD OF DIRECTORS, Zoo. Mr. O. G. B. Mackin
Chairman,
H. 1. Bulwell. Eg Deputy Chairman.
Uon Mr. W. H, Ball.
f. Conlon, Eng.
J. Kenwick Bag
10. Knight, Zaq.
ANOT
BANGKUK
MAZAVIA MUMBAY CALCUTTA
DANTON CURPOO DOLOMBO DAIDEN FOOCHOW КАТРИОНС
HAMHUKI HANKOW
HARBIN
KONGREW
ILOILO
On
JOBOZE
кон
KOWLOON
BEAD OFFICE: LONDON..
$30,000,000,
Paid-up Capital
..£8,000,000
Reserve Fund
.£8,000,000
Reserve Liability of Pro-
prietors
28,000,000.
Agenties and Branches:
Aloe Bar
Botla
Rangoon
Lungitoar
Ipak
Bangko
Karachi
MOUN
U. Miskin, Esq.
Bataria
Klang
E. H. Merrion, Log.
T. E. Proton, Eaq.
Bombay Caloutia
Kobe
Hyramben Shanghai
Kun'a
Singapore
-Lumpur
HY
Capora
Kuchier
: Cebu
Madr
Taiping
Colombe
Manila
Tientela
Doths
Medio
Toorkab
Infphong
New York
(fhuko7)
Husaberg
Patplug
Tsingiss
|Lankon
(Pari
Ins
V. M. Grayburn, key.
Chial Manager.
BRANCHRA:-
LONDON
LYONS
MALACOA
MANILA
MUAR (Johor)
MUKDEN
NEW YORK
PEIING
PENANG RANGOOR MALDON
SAN FRANCISCO
KUALA LUMPUR
BUANGHAI
SINGAPORE. FOUBABAYA
BUNOEL PATANI
TIENTSIN
TORTO
THINOTAQ ТОКОНАМА
A
Current Accouble opened in Loss! OureanBy cad Fland Deposits received for one your e shorter periods in Loons Company and Sterling on forma which will be quoted on appikilon. Hong Kong, 19th April, 1984,
HONG KONG SAVINGS BANK.
Yokohama Zambong
Foreign Exchange and Gemeral Booking basin transmeted.
Dorrans Recousie opened and Fixed Depoalie roved for one year or shorter periode at rains) which will be quoted on application.
A. BREARLEY
Manager, Hong Kong, lat. January, 1935,
SAFETY FIRST!
To Safeguard Your Valuables
and Jewelleries.
Deposit them in a Vauh that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF I
OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building in Specially Con-
THE CHINA MAIL, THURSDAY, JANUARY 10, 1935
LOCAL DOLLAR IMPROVES
Commerce and Finance..
Silver Prices Advance
The local dollar advanced% this morning, opening on demand at 1/84.
Spot and forward silver prices advanced 4, being quoted at] 24 9/16 and 24 11/16, respectively.
The London on New York crona- rate was quoted at £-U.S.$4.921, as compared with £-U.S.$4.91% yesterday,
The New York on London rate was quoted at £-U.S.84.92%, as compared with -U.S.$4.91% 'yes terday..
EXCHANGES.
TO-DAY'S QUOTATIONS.
LOCAL SHARES.
TO-DAY'S QUOTATIONS,
The following is the list of local share quotations issued to-day:
Banks.
NEW YORK STOCK MARKET
Still Optimistic For Future Business
GOVERNMENT AND OTHER BONDS STEADY
ANGLO-INDIAN TRADE PACT
Supplementary To The Ottawa Agreement
London, To-day.
A trade agreement; supplement- ary to the Ottawa Agreement, be tween the British Government and
The tendency in the New York the Government of India, was sign- stock market is still towards buoyed at the Board of Trade yesterday ancy and optimierı.
Jafternoon.
Cotton prospects are promising, The signatories were the Rt. Hon. owing to the gradually growing Mr. Walter Runciman, President of trade replenishment demands, while Board of Trade, on behalf of the unsettlement in the oil industry, it British Government, and Sir control legislation. is expected, will be avoided by early Bhupendra Nath Mitra, High Com- missioner for India, on behalf of
H.K. Bank $1620 3. H.K. Bank (London). £189 n. Chartered Bank £15% n. Mercantile Bank, A. & B. 82. Mercantile Bank C. £18.
8. E. Levy And Company's Report the Government of India.-British Bank of East Asia $90 B. Am: 0. Finance Corp., Bb. $20-ig. E. Levy and Company, corres
In their market report, Messrs. Wireless Service. China O. Fin. Ord., 8h. $1.80 n. China O. Fin. Pref Sh. 4 n. Insurances.
Canton Ine. $275 n. Union Ins. $500 b.. China Underwriters $14 b. China Fire Ins. $520 n. H.K. Fire Ins. $240 n. International Assce. Sh. $5 n. Bhipping.
Douglases, $40 n.
On Landon
On TT. and demand
-1/8
4 monhts" sight Credits 4 months' aight
1/84 ..1/9/1⁄2
On Shanghat,
On demand
121
H.K, Steamboats, $74 n. Indo-Chinas (Pret.), 380 n. Indo-Chinas (Def.), 888 n. Shells (Bearer) 49/4 n. Union Waterboats 18 ..
On demand
73%
Mining.
Antamoks 89 cts. b.
...... 148/
{On Singapore-
The Business of the abers Back in conduct
by the HONG KONG AND SHANGUtructed to provide all of these Im On Japan:~
BANKING CORPORATION, Hylon may b
blated na spplication.
FOR THE HONG LONG AND LEANOMAI BANKING CORPORATION.
V. M. GRAYBURN,
Chist Manager.
Rong Kong. Miò Pabruery, '1985,
THE BANK OF EAST ASIA, LTD.
Bashorias Capital
Plá-up Capital
..$30,000,000.00 -$ 4,306,200.00/
·Smarts and Undivided Profta ...........$1,634,100,00
14 Loo
SINAD OFFICE: HONG KONG
Il-Dee Your Bond Centand.
LOARD OF DISECTORS:—
Ble Abou-son Cher, Chairman,
Chuu, Krq., F. X. Kwok, Esq; Wang
Bag, Lag., Wong Chu Bon," Zag, "and"Kan Ying
Ban Too Po, Esq.. Chile! Manager. LT Fong. Esq., Manager.
BRANCHES AND AGENCIES:-
portant Qualities.
On demand
You may obtain a Safe Deposit On India— Box in this most up-to-date Vault for your own use at a very moderate Ran-On tak
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
New York-→ · On T.T. and demand... 114%
THE BANK OF CANTON, LTD. On demand
Established 1912.
On Manila-
On demand
Head Ofes: Hong Kong.
On Bangkok-
Authorised Capital
$11,000,000
On demand
Pald-up Capital
Total Bear¿rcks
82,170,492 Bar Silver per oz.....
JO
Manila
Batte
avia
Melbourne
Bemarang
Mob
Now York
Ceska
Bangha Spor Goursteja Bal
London Baskers: Lloyds Bank, Ltd,
hoday
Honolulu Kaba
Pond
Talbobu
Rangnos
Tiealis
Falgor
Tokro
Bau Francis
VALFONTST
Tokokame
Calouste Blon
Halphons
Has Low
Paria
Pripleg
THE
Capital Surplus Reserves
BRANCHES:-
Japan:-Kobe, Osaka, Tokyo, Yoko-
Amarillo
kow, Shanghai, Swatow,
China-Amoy, Canten, Focchow, Hin-
hama, Keelung, Makong, Nanto, Shoka, Shinchiko, Taichu, Tainan, Albani Taito, Takoo, Temsui, Toen, Karenko,j Kagi, Helto, Giran.
detworp
Диван
Gap Glasgow
of KAVADE
Xian Nic
Naples
Piresua
Betis
Berlis
Rosabe
Breien
Bramsala
Hamburg BATTO Haldelberg Tnterinkan Jerusalem
Parla
Pripin;
Others:-Bombay, Hong Kong, London.)
Calio
London
Calcutie Cannes Colorabe Copenhage
Herpost
Lucerna
Lageno
LUSOF
karol
Edinburgh Mezanca
Monte Carl
Waalka
Попота
Mixolch
Montreux
Kong....
24 9/16
Hom
....nominal 1% prem.
Balatocs $38 n. Baguio Gold 40 ets. n. Benguet Consolidated 8141⁄4 n. Benguet Exploration 20 cts. s. Benguet Goldfield, 20 cts. n. Big Wedge, 10 cts. m.
pondents for Messrs. White. Weld TRADE BAROMETER and Company, New York state:
"Stocks:-Although there may RISES STEADILY
be some intermediate- reaction, we
gone
X
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
still remain optimistic for the British Wholesale Prices SAVINGS
longer trend. Business done
900,000 shares.
"Bonda: U. S. Government bonds were steady, while high
Up 3.2 Per Cent.
London, to-day.
grade issues showed a renewed de- The average of wholesale prices mand and closed at top prices. Se-last year was greater by 3.2 per cond grade issues and juniors cent, than in 1933, the index num- were easier.
bers being 87.2 and 84.5 respective- ly-the 1980 Index equalled 100.
(Continued on Page 11.)
NEW YORK STOCK EXCHANGE
S. E. Levy And Co, And A.O.F.C. Quotationà
The following quotations from New York have been received by Measra,
The rise in 1984 followed declines of 0.7 per cent. In 1988, 2.4 per cent. in 1992 and 12.8 per cent. in 1931.
British Wireless Service. COMMODITY PRICES
The following quotations bava been received by Messrs. S. E. Lavy and Co. and the A.O.F.C.
Jan. B. Jan. 9. Closing Closing
$
On demand
*12%
Credits 60 days' sight
48%
On Batavia
Gold Creek 87 cts, b
On demand
62
Gold Rivers 21 cts. n.
On Paris
Ipe Mining $1 n.
On demand
640
3. E. Levy and the American Oriental New York Cottons:- Finance Corporation.
January
12.59 12.55
Itegans 42 cis. n.
Credits 4 months' eight.. 670 On Saigon
Salaeots 16 cts, n.
· Last· close
March
12.69 12.64
10.10
11.00
May
12.78 12.70
Kailan 19/- .
*
64
Langkata (Single) Sh. $16 n.
N. Y./Lon-
don
4.91% 4,91% 4.92.
July
12.82 12.74
S'hal Exploration Sh. $5 n.
N. Y. Cotton-
October (1935).
85
Mar.
S'hat Loans, Sh. $6 n.
July
12.69 12.70 12.70 .12.82 12.83
December
12.81
Spot
12.90
12.63 12.59 12.67 12.65 12.85
Raubs $10,
M. Silver-
New York Rubbers-
107%
Venz; Goldfield $5 n.
54.80 b 55.20
a
65.60
January
13.70
18.59
a
March
13.91
13.80
May 1.38%
1.68
May
14.18 14.00
N. Y. Rubber-
July
14.32
14.21
Mar
.13.01.
13.78
19.62
July .14.82 14.22
14.20
¡September
14.51.
14.40
G. Wheat
October
14,01
14,50
May
1.01%
1.01% Chicago Wheat:
July
02%
93%. May
101%
101%
C. Corn
May
91%
*90%
July
.93%
W. Wheat-
September
92%
93% 91%
May...... STOCKS
88%
Chicago Corn:-
1
May
91% ·904·
July
86%
.85%
ing......
38%
38
3814
Auburn ....
275
27%
September 284
84%
832
Con Gas
Winnipeg Wheat:-
..N. Y...
194
19
19% May
844-
Du Pont..
96%
93%
97
Elec Bond &
July
842
84 84
Share....
65%
8%
6%
General Mo-
tors
New York Sugar:—
32% 9
32%
32% March
9%
32
9% May
82
July
291⁄4 294
29
September
New York Silk:-
27
27/
274 March
tral .... 20%
20%
May
20%
1.3832 1.88
Standard Oil N. J...
July
1.89
1.38
42% 4214
42
Montreal Silver:-
U.S. Steel.
30%
30
3D
March
54.70
54.90
May
55.15
65:50
London Prices
July
56.00
56.45
September
56.50 56.90
J
Old New New
SAVE SOMETHING
START NOW UNDERWRITERS
SAVINGS BANK FOR THE FAR EAST,
INC.
Asia Life Building Hong Kong
Tel. 80234
LOCAL NEWS BREVITIES
Pleading guilty to a charge of assaulting Ku Kam-tai, a widow, in Kai Yan Road, Kowloon City, Li Fung, a 45-year-old widow was was fined $10 by Mr. E. W. Hamil ton at the Kowloon Magistracy this morning.
Sentence of six months' hard labour was imposed on Wong Yau, In banishee, by Mr. W. Schofield at the Central Magistracy this morn-
ing, for returning to the Colony from banishment. He was expelled from the Colony last year for a period of 10 years. ·
Two months' hard labour was im- posed on Li Ki, an unemployed who was charged with the theft of 80 yards of Indian silk from a shop at No. 46, Queen's Road, Central, when he appeared before Mr..E. I. Wynne-Jones at the Central Magis tracy this morning.
Charged
1.91.1.86 1.83/84 1.941.89 1.87/881 1.97 1.93 1.91/92
with the theft of Wong Chun's 50-cent purse containing 40 2.01 1.97 1.96/96 cents Cheung Hol Ching, an unem
1.37 1.87%
ployed, was sentenced to four months' hard labour, by Mr. E. I. Wynns-Jones at the Central Magis- tracy this morning.
Ledoa
-
8,655,000 Sovereigns bank buying rate 1/9%
Branches: Canton, Tolshan, Shanrhat, Bar Silver in Hong Hankow, Bangkok & San Francisco.
Foreign Exchange and Banking Copper Cash
business of every discription traza Copper Cents
Iacted
Current Accounts opened and Fixed Rate of Native Interest 3% „pa, Deposits received for One year or Chinese Sub Coin ....27% dis ehorter periods at rates which will be Hong Kong Sub Coin quoted on application,
Every Comption of Banking and Exabors Safe Deposit Boxes (various sizes) basis tranced. Luman granted on approved for hire.
ourishes.
Durreal acconate oprend la Loodd Burriss
sas Fizid Deposita received fat one yes of shorter periode is Local and Foreign Currenalar |
em which will be quoted on application. Bale Depceit Jose To Le
KAN TONG PO,
Call Manager.
Hong Kong, Jat War, 1936,
THE BANK OF TAIWAN, LTD.
Head Office: Talhoku, Formses, Incorporated in Japan by Special Imperial Charter, 1899."
Central Bank of Formosa, Notes
Issued Average amount Y45,000,000
Branches and Agencies.
New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
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 application (Maximum rate-~14),
Hong Kong Branch
Y, OHNO,
Manager.
3. Des Voeux Road, Central,
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
LOOK POONG SEAN,
Chat Manage
AMERICAN EXPRESS COMPANY,
ING
Head Office: 85, Broadway, New York
.U.8.$6,000,000.00 ............. 2,087,112,69 1,995,528.81
Priemo Rotterdam Bump Bugh *shampion
Bingapor Tiantia Trogdina Vienne
Varies Yahokama Zurich
Branches of American Express Com-
.par.
BRITISH BANKS FLOURISH
Income Tax Reduction Held Responsible For Increased Earnings
London, To-day.
The higher net profits of the "Big Five" prove that British banks, though bat. tling adverse factors, had a successful year.
Improved trade assisted the net earnings, but the reduction of in- come tax was chiefly responsible for the slight increase.
What has been lost:
on the swings of discounts and advances has been gained on the round- abouts of the gilt-edged market, in which the big rise also greatly strengthened the banks' hidden reserves. Reuter."
Any in Principal elties of United THE CHINA & SOUTH SEA BANK, States of America and Canada.
All classes of Commercial Banking ransactions undertaken.
LIMITED
(Incorporated in China)
Personal investment accounts Head Office...Shanghai handled.
The Company offers to intending Travelleri the use of its "Travelers Cheques" and Letters of Credit and, Capital (fully paid-up) Yen.100,000,000 addition, the world-wide services Reserve Fund
Yen,124,250,000 bf Ita thoroughly equipped Travel Do
partment.
Head Office:--YOKOHAMA
Branches-and-Agencies-at:
Alexandria
Batavie
Berlin
Bombay
Dalcutta
Banton
Dairen (Dalny)
Harbin
Hour Eoar
Nagasaki Nagoya New York Osaka Parla
Fengtien (Mukden) Rio de Janeiro Hamburg
San Francisco Hankow
Seattle Semarang Shangbal Bingapore Soerabaya Sydney Tentsin Tokyo
Honolulu
Hainking
Karachi
Kobe
London
Los Angeles
"Manila"
ngtan Ingkow
Interstellewed on Omrit Ao
E. W. DUGGAN,
Manager.
THE WING ON BANK LTD. TONG KONG
Authorised Capital $10,000,000 Foreign Exchange and Banking Business of every description" transact- ted.
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
for
Safe Deposit Boxes (various zison)
hire,
ANG KA PHILIP GOCKCHEN Chief Manager
Deposits received for Axed rerioda astes to be obtained on application. L. GOOKCHIN
CEKISHINAMI
$1934
Assistant Manager.
LI SHU FONG Assistant Manager.
Capital ..$7,800,000.00 Reserve $1,500,000.00 Branches All Important Cities Foreign Exchange
in Chian
and Banking Business transacted.
Current and Saving Accounts opened General
and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.
80Z GRANG,
Manager. HONG KONG BRANCH:: E4, Des Voeux Road, Central, Manager's Once ....Tel. 83555 Foreign Exchange Dept., 88866 General Office
83567 Cashier's Office
88569
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in 'China)`***** Capital paid up-
+65,000,000)
•$7,000,000
Reserves Reserve Savings Dept: $600,000. Capital Harings Dept.: $500,000 Back Head Office-
A Bank haviLE AN inchutzial developme and the fostering cial relations HOR KONT
Docks, etc.
H.K. Wharves $111 n." HK. Docks, $12% n. Providents (old) $1.40 n. Providents (new), 50 cts. n. Hongkews, Sh. $309 n.
New Engineerings, Sh: $5% n. S'hai Docks, Sh. $120 n.
Cotton Mills. Ewo Cottons Sh. $8.85 b. S'hi Cotton (old) $74 n. S'hai Cottons (new) $44 n. Zoong Singa, Sh. $9.40 n.. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc.
H.K. and S. Hotels $54 s. H.K. Lands $59 s., $21⁄2 na, HK. Lands 4% Debentures 100%
b.
Shanghai Lands Sh. $241⁄2 n.. Metropolitan Lands Sh. $12.20 n. Humphreys $9% n.
H.K. Realties. 851⁄2 1. Asia Realties "A", Sh. $100 m.. Asia Realties "B" Sh.$20 D. Chinese Estates $88 n. China Realties, Sk. $121⁄44 në China Debentures Sh.$123 n.
Public Utilities
H.K. Tramways $20% b. Peak Trams (old)' $12 n. Peak Traing (new), $7 D. Star Ferries $100 n. Yaumati Ferries $22 n. C. Light (old) $10.45:a. C. Light (new) H.K. Electrica $724 b. Macao Electrica, $25 in. Sandakan Lights $8-n. Telephone (old) - $26.80 n. Telephone (new) $11% n. China Buses, Sh. $12.40 n, Singapore Tractions §/- b. Singapore Pref. $17/9 n.
*Industriala
Malabon Sugars; $8.70-n. Cald: Macg. (Ord.); Sh. $20
n.
Mar. .84.70 May...55.15
N. Y. BUK-
Amer Smelt-
Int Tel & Tel Loew's Inc Montgomery
Ward Nat Distil
lera
N. Y.. Cen-
The following quotations from Len
don were received in our office lar
night between 5.30 p.m. and 10.30 p.m. RAW RUBBER PRICES
SILVER:
Spot--24-5/18, (Last close); 24-9/16, (Last recd.); 1/4 (Change); 12.
Forward:-24-7/18, (Last close); 24 11/16, (Last recd.); 1/4, (Change); up. Silver Report: America and specu lators bought. Offerings small, Mar- ket steady....
Latest Quotations From
Singapore
Mesars, H. B. Joseph & Co. have
Is It Insured? ?
Insurance All Classes LOWEST RATES
American Asiatic Underwriters
Fed. Ina, USA. General Ageals
Gold: 142/- (Last close); 141/11, received the following Straits Cur Head Office (Last recd.) Id. (Change); down,rency quotations (Buyers) from
London/N, Y. Selling Rate: 4.91-1/8; Singapore for Raw Rubber: (Last close); 4.91-5/16, (Last recd.):
19/14 (Change); up, akng
London/Paris Belling Hate:-742I, (Last close); 74.28, (Last recd.); .01, (Change); up
Liverpool Cotton-May:-0.80, (Last
· Cald: Macg,. (Prof.) Shḍ19 close); Pastreod.);"
Canton Icas $2.85 n.
H.K. Ropes $4 n.
Cements $1.90 b., $1.50 sa.
Stores, etc. Dairy Farms $241⁄4 0. Watains $5.n.* Lane, Crayfords $3.75 Mackintosha, $21-n. Sinceres $8 D.
Wm. Powells, 70 cts, n. Wing On (EK) $105 n
Miscellaneous.
HK. Amusementa $1.88 n. Entertainments, $74 m. 8.C. Enterprises $1.85 n Macao "Greyhounds, 2 n. Constructions (old) 82 B. !: Constructions (new) 65 cta. b. 70
cte. B
Vibro Piling 36.60 n.
(Change);
Liverpool Whest
.09,
May;5/1-7/8:
(Last close); 5/2-1/4, (Last recd); 8/8, (Change); up.
London Rubber--Apl/June: (buyers). (6-7/8, (Last close); 621/8, (Last recċd-)}||
unchanged.
London Robber--Apl/June: (sellors) 16-15/18 (Last close); 7, (Last røed.);
1/16, (Change); up.
London Rubber at noon (buyers) 6-7/8, (Last recd.).
London's Forecast
A forecast from London on the pro bable trend of the New York market, utaten:
Yesterday's downward movement on Wall Street is likely to continue unless stimmiated by fresh Administrative im petuarit
Rubber is expected to open lower. Wheat should be frm on buyinga my Ch. Govt, 5% 1925 G3Bds. 92% milla, rainy weather, and a forecast of
colder conditions
Cotton is anticipated to be higher a
R.K. Govt. 4% Loan, 84% premi the Government selling of eutetanding
HK
prem.
Govt 8% Loan
Wallace Harpers 1144
20 certificates is almost com 1% further salas are depen
ON LEW ferings from grow to the Pool, at present is averaging only 200
Spot 21% down. %,
April-June 24% down July-September 25% down 3. Market:Quiet.
17, The Bund
Shanghai
YAA
S. E. Levy & Co.
UNDERWRITERS-AND-DISTRIBUTORS
SECURITIES AND COMMODITIES, BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY, SERVICE
Members:
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INC.
CORRESPONDENTS FOR
H. E. Office
·Asia Life
Buliding
Tel. 30234
WHITE. WELD: CO, NEW YORK
TICE HOUSE STREET HONG KONG
Tel: Address Seco
Tel: 30101 and 80108