BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
&sbarland Capitel 150.000,000
Foust and Fully Paid up 20,000,000
Beverve Funda 2--
Blog
Bürgt marsmenn
£ 4,500,000 $10,000,000
Emarre Liability of Froprietor 10,000,000 READ OFFICE: OKO ONO.
BOARD OF DIREVIORA,
Hon. Mr, 0.0. B. Maskla
Chairman,
Deputy Chala,
W, 2, Kemick, Eng.
8. D. Xaight, Eng.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1863.
HEAD OFFICE: LONDON Paid-up Capital £3,000,000 Reserve Fund
•. . . . . . £8,000,000) Reserve Liability of Pro
priatora
8.000.000
Agencies and Branches:
Raupon
Bales
Semarang
Baramba
Ebungbal
Singapore 811
Boundars Taipog Tienein
H. 11. Huldwell. Kuş,
Hollo
Amritsar Bangk
Jpok
Kar
Mr. W. 1. Heli.
U. Mislim, Esq.
Balavia
Klang
.. Colon, Fmq.
K. B. Morrisau, Yas
Bombar
Kobe
T. En Fee, Esq.
Calcutia
Kunia
Cantee
Lytopi
Dawnpors
Enching
V. K. Graybarn, keq;
Hadr
Odette
13anila
Ralphons Hamburg
New York
· [Shakoa)
Pripiox
(Pahing)
Yokoh.com
Harbig
TALLER
Zaban
flfen Keo).
MUAB (Johor)
MURDEN
AMOT
BANGKOK
BATAVIA
Călai Manager.
BRANCHES j==
LONDON
LYOND
MALAVIA
MANILI
BOMBAY
HALCUTTA
ΟΑΝΤΟΝ
CHEFOO COLOMBO PAIBEN FOOCHOW HIPHONG FLAMAUBO MANKOW KARRIM HOKOKNW
ILOILO
пон
MEGAN
ROBE
KOWLOON
NEW YORK
PEIPING
PENAXO
DANUMIN
BALOON
SAN FRANCISCO
KUALA LUMPUR ·
SHANGHAY
SINGAPORE
LOU BABAYA
RUNGEL PATANI
TIENTEN
TOXYO
TBINOTAU
YOKOHAMA
Durres Astound spused lu Local Outranzy
and Fixed Deporte receded for one your or sherlar periods in Local Company and Eterling on terms which will be quoted in application. Bong Kuze. th April, 1984.
HONG KONG SAVINGS BANK.
Toska
Talegao
Yoruga Behangs and General: Sasking basisom
Curreal Accounts opened and Fund Deportis
THE CHINA MAIL, THURSDAY, JANUARY 17,
Commerce and Finance..
NEW YORK STOCK
EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
The following quotations from New York have been received by Messrs 8. E. Levy and the American Oriental Finance Corporation.
Last
N. Y./Lon-
calved for a year or shoriae period at rales N. Y. Rubber- which will be quoted in application,
A. BREARLEY.
July Maneger.
Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Bafeguard Your: Valuables and Jewelleries. Deposit them in a Vaul that is really: FIRE-PROOF
is
BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT
close 10.15 11.00
COMMODITY PRICES NEW YORK STOCK
The following quotations have boen 'received by Messrs. S. E. Larr and Co and the A.O.F.C.
LOCAL SHARES.
TU-DAY'S QUOTATIONS,
October (1985).... 12.80 The following is the list of local December share quotations issued to-day: Spot...
Banks.
H.K. Bank $1570 b., $1685 6. and
H.K. Bank (London) £189 n. Chartered Bank $15% n Mercantile Bank, A. & B 32 Mercantile Bank C. 818 m.
Insurances,
MARKET
Unsettling Conditions Likely To Cotinue
GOVERNMENT AND HIGH-GRADE BONDS UNCHANGED
The uncertainty regarding the outcome of the "gold clause" cases is still affecting the market and is, likely to continue for a while.......
In the meantime electricity and steel show a considerable advance for the week over last year's pro- 18.36duction, stocks hardening in conse-
¡quence..
Jan. 16, Jan, 16. Closing Closing
New York Cotton:—
January
12.29
12.94
March
May
July
12.39* 12.43 12.43. 12.47 12.414 12.48
12.27
17
12.90
12.31
12.55
12.60
New York Rubber:- January March May
12.05 13.04.
13.10.13.19
13.21
July
18.40
13.54
September
18.55
13:69
October
13.58
13.77.
don
4.86% 4.87 4.87%
Bank of East Asia $90 n..
Chicago Wheat:-
N. Y. Cotton-
Am: 0. Fliance Corp, Sh.$20 n. Mayın has
95%
96%
Mar. 7.12.89
July 14
12.32 12.86 12.38 32.80
China O. Fin. Ord., Sh. $1,80 n.July
China O. Fin.:Pref Sh #4
September.....
864
884
8434:
8614
Mar......18.10 ..13.40
a 13.2013.20
Chicago Com:~
13.49 18.44"
Canton Ins. $276 n.
May
842
86%
C., Wheat-
Union Ins. $495, 8, 10.
Jaly
79%
8144
May July
0514
96.
China Underwriters $1.20 n.
September
86%
87%
China Fire Tas. $520 ny
C. Corn-
Winnipeg Wheat:
May ...
8474
85%
H.K. Fire Ins. $280 n.
May
W. Wheat-
International Assce. Sh. 16 n.
July
75% 77%
80% .814 8114 81%
May ...
80%
8074
New York Sugar:~~
STOCKS:-
March
Amer Smelt-
lag
85
3014
33
May
Cor Gar
July
N. Y..
20
20%
Du Pont
024
93
20% 94
September
New York Silk:
El Bond &
Share ...
€34
034
6%
March
1.36
General Mo-
tors
May....
1.36
10%..
31
314
July...
1.36%
1.39
034
8
Antomoka $1/97.cts. sa.
Montreal Silver:-
March
31-%
.92
32%
Balatoes 841 m.
54.75'
54.65
Baguio Gold 87 cte. n.
May
55,60
55.05
27.
27
2714
Benguet Consolidated $141⁄4 n.
July
95%
25%%
26
Benguet Exploration 19 cts. n.
September
N. Y. Cen-
iral
18
19%
18%
Standard Off
N. J...
41 86%
1
414
385 37%
bested on the Mezzanine Floor of Oar Now building la Specially Con-Int Tel & by the HONG KONG AND SHANGHA structed to provide all of these Im-
The Business of the above Beth la conduct.
ANKING CORPORATION. Refes may b seinad on application.
FOR THE UNO XONG AND MANOMAI JANKING COMPURATION
V. M. GRAYBURN,
||(la) Manager.
Dong Kong. 20th February, 1964,"
THE BANK OF EAST ASIA,' LTD.
Authorland Capital
$10,000,000.00 Paid-up Capital
.... 5,500,000.IN Reperis and Undivided Frofite .........@ 2,414,900,00
HEAD_OFFICE:—HONG KONG
18. Des Faux Road Cal
BOARD OF DIRECTOR 1—
Ble Shoe-son Chow, Chunki,
Koon Chun, Zaq., P. K. Kesk, Ing., Wove Tea Tong, 24, Chan Ching Shot, Esq, Là. LAN Jap, Esq. Wong Chu Bon, Esq. and Katı Ying
Batavia
Han Tong 19, Baq. Qulat Manager.
2 Tes Fong, Zaqa, Mazagst.
BRANCHES AND ADENCIIDS —
Maalis
Eestla
Maltour
Evanes
Jhanghai
New Fork
Draka
Parts
Baggere Болгону Headw
Paiping
Bangoon
Tastein
Konkona tacion
salgon
San Francleos
Fok Tacom
Calestia Baskon Halphons Hankow Balala
Aghbay Taiboks
Every description of backing and Erchas businew transmeted. Loana graciled on approved securities.
Currak Areouple 'opsved in Loval Ontreno and Fixed Deposita zhosžved for one year or sharlee parlode in Local and Yesign Currencies in forma which will be qunaad-ca"applenilom.
Sale Depali Boxes To Le
KAN TOMO PO,
Call Manager.
Hong Kong, 1st March, 1904.
THE BANK OF TAIWAN, LTD.
Head Office: Talhoku, Farmenn, Incorporated in Japan by Speciál
"Imperial Charter, 1899. --
Central Bank of Formosa, Notes
isaund Average amount.Y.45,000,000
Branches and Agencies.
Jayan:-Kobo, Osaka,“ Tokyo, Yoko-
portant Qualition.
You may
Tel
(Law's Inc obtain a Safe Deposit Montgomery Box in this most up-to-date Vault for
Ward .... your own use at a very moderate Ren-Nat Distil- taL
ICTA Inspection Cordially Invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central-
THE BANK OF CANTON, LTD.
Established 1912. Head Ofco-Hong Kong.
Authorised Capital .... Paid-up Capital
Total Rasaires
U. 9. Steel
I
3939
The following quotations from Lon- don were received last night between 5.80 p.m. and 10,80 p.m.
Silver:-
Spot: 24-9/16, (Last close); 24- 9/16, (Last recd.); unchanged.
Forward:-24-11/16, (Last close); 24-11/16, (Last, reed); unchanged. $11,000,000
Silver report:-Speculators bought 8,655,000 and sold. Bushess small. Market 88,170,492 steady.
Branches: Canton, Tolahan, Shanghal, Gold: 142/4, (Last close); 141/6, Hankow, Bangkek & San Francisco.
(List roed.); 104. (Change); down..
London Bankers: Lloyds Bank Ltd., London/N. Y. Selling Rate: 4,81,|| Foreign Exchange and Banking (Last close); 48793, (Last recd.): business of every discription trans-0393, (Unchange); up. acted.
London/Parts Selling Rate:---74.90. Current Accounts opened and Fired (Lait close); 74.28, (Last Tecd.): 82, Beposits received for one year or (Change); down. T
horter periods at rates which will be quoted on application:
Safe Deposit Boxes (various sizes) for hire.
LOOK POUND GEIN,
THE
Chief Misager
Liverpool. Cotton-May-6.85, (Last! close); 6.79, (Last'reed.); '06 (Change) down,
May: 0/0-1/4,
Liverpool Wheat (Last close); 4/11-1/4, (Last recd.); id. (Change); down.
London Rubber-Apl./June: (bay- ers) 6-11/16, (Last close); 6-5/8, (Last recd.): 1/16, (Change); down
AMERICAN EXPRESS COMPANY, London Rubber-Apl. June: (sellera)
INC.
Head Office: 45, Broadway, New York
Capital Surplus Reserves
U.S.$6,000,000.00
2,087,112.02, 1,895,828.81
Parma Betim dos BA. Anghe
BRANCHES:
hama. Keelung, Makong
Nanto,
Amelamun tutud?
Canon
Bhoka, Shinchiku, Talchu, Tainan, Taito, Takao, Temsui, Toen, Karenko Kagi, Heito, Girab,
kovas
Milan Nico Napis
Bealse
Berila
China Amoy, Canton, Foschow, Hân-
Drola+
Thonbay BreLis
·Calro Calcula Canoga Cafer the Copenhagen 1+bfin Edinburgh Ploso DanTh
Havazu Hamburg
Heldalberg Interlaken Zaralem London Everposi
Please
Puriz
Petpis;
LAOSTOR
Roup
Lugdua
LATOR.
Mara!!
Strata Carin
Manila
Yunfah
Yuriah
Wostream
kow, Shanghai, Swatow. Other :--Bombay, Hong Kong, London. New York, Singapors, Batavia, Bamarang, Soerabaya, Dairen.
On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1%% pa. on"daily balance and the rate for balance' over $10,000 will be quoted on application (Maximum rato-14).
:
Y. OHNO,
Manager:
Hong Kong Branch
8. Des Voeux Road, Central.
Tiantslu Terrain Firoza Vanlon Tokobami
Branches of American Express Com-
6-3/4, (Last elene); 6-8/4, (Last read.); unchanged.
London Rubber at noon (buyers). 6-5/8: (last recd.).
A forecast from London on the pro- bable trend of the New York markets, states:-
There are likely to be less disturbed movements on Wall Street and al- though erractic, prices are expected to be a shade higher on the balance.
Rubber will probably be 'shade bef- ter.
Wheat is expected to be erractic. The weather is rainy and snowy with a forecast of colder conditions.
The cotton market is expected to be feverish on the Administration being capable of adopting vastly more infla tionsty, devices, if the Gold Clause is upheld. It is masted that the 12,000,- 000 quota is largish unless it includes the carry-over.
any in Principal cities of United THE CHINA & SOUTH SEA BANE,
States of America and Canada
All classes of Commercial Banking ransactions undertaken;-)
THE YOKOHAMA SPECIE BANK, Personal investment accounta
LIMITED.
Established 1886
Capital (fully paid-up) Yev.100,000,000 Reserve Fund Yep.134,250.000
Batavia
· Head Office:÷-YOKOHAMAW
Branches and Agencies át: Alexandria
Nagajski Nagoya New York
Parin Pelping Sangoon Ferrtien (Mukden) Rio de Janeiro “
Berlin
Bombay
Calcutta
Canton
Dairen (Dalny)
Hamburg
Bankow
H-bin
Home Tort
*Honolulu
Hsinking
Karachi
Osaka
Ban Francisco
handled.
The Company offers to Intending Travellers the use of itaTravelers Cheques and Letters of Credit and addition, the world-wide services its thoroughly equipped Erarsl: De- partment.
LIMITED
(Incorporated in China). Head Office.Shanghai Capital
Reserve Brinches
..$7,500,000.00. ..11,500,000.00
All Important Cities Foreign Exchange and General
In Chion, Banking Business transacted,
Current and Saving Accounts opened, and Fixed Deposits received for one year or shorter perioda at rates which will be quoted an application.
E.. W. DUGGANDES ENG
Mgr.
THE WING ON BANK, LTD. HÙNG KONG
·BOT
CHANG
HONG KONG BRANCH: 24, Des Vosuz Road, Central "Manager's Once Tel: 88545- Foreign Exchange Dept. 88568 General Office Cashier's Office
88567
2256)
Seattle
Semarang? Shangha Singspie Boerabaya
Authorised Capital $10,000,000
Foreign Exchange Business of every description,
F&SAVINGS BÁN
Sydney
Current Accounts opene Deppaita received at special Fixed Deposits received for or shorter period at rates be quoted on application Safe Deposit Borná For bire
GOCKCHIN
j
Shipping.
Douglases, $40 n.
H.K. Steamboats, $74. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 a. Shells (Bearer) $59/41⁄2 n. Union Waterbeats 18% n.
Mining...
Benguet Golddeld 10 cts. në
Big Wedge, 10 cts...
Gold Creek 381⁄2 cts. n.
Gold Rivers $23 n.
Ipo Mining $1 n.
Itogans 42 cts, n. Salacots 16 cts, n. Kallan 18/9 n.
Langkats (Single), Sh. $16 m. S'hai Exploration 'Sh. $5 r. S'hai Lonna, Sh. $6 n. Raubs $94-n Venz; Goldfeld $5 . Docks, etc.
H.K. Wharves. $111 b. H.K. Docks $111⁄2 n.. Providents (old) $1.40 ... Providents (new), 50 ats. n. Hongkewe, Sh: $809 m. New Engineerings, Sh. $5%. n. S'hai Docks, Sh. $120 n.
Cotton Mills,
Ewo Cottons Sh. 88.90 n. S'hal Cotton (old) $74 n S'hal Cotions (new) $44% n. Zoong Singe, Sh. $9.40 ̊ n. Wing On Textiles, Sh. $55,n.
Lands, Hotels, etc.
H.K, and S. Hotels 85.b. H.K. Landa $511⁄2 n..
H.K. Land 4% Debentures 100%
b.
LOCAL
NEW ADVERTISEMENTS
MISSING:
S. E. Levy And Company's Report In their market report, Messrs. 3. E. Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York, state: LEUNG SAU JUNG (R)
Age 19 years, Height: 5ft. 11in., "Stocks: The unsettling condi- tions are likely to be prolonged, Weight: 120 pounds, Complexion: though any indications that the Dark's fairly large mole on one Banks or the Treasury are willing cheek and pimples on face. Sum to risk gold purchases would have built. Last seen leaving house at 4 rapid repercussions on the market, Lincoln Road Kowloontong at 4.16 particularly in metal stocks, Busi-P.m. on Tuesday 15th January, wear- ness done:-670,000 shares.
ing blue blazer grey flannel trousers
“Bonds: - U. S. Government black and white striped silk scarf 1.98 1.88 1.86/87 bonds and high grade issues were and brown shoes. Speaks Cantonese 1.95 1:32 1.91/92 unchanged, prices of second and Shanghal dialects and English. Any 1.99 1.97 1.96/98 junior grade issues were better.
information leading to missing per- 2.04 2.01 2.00/00 "Grains: The urgent selling ap-on please inform Liang Sai Wing pears to be over and sentiment is Lincoln Road Kowloon Tong. Tel 1.38% improving. Wheat: Total sales;
56950.
1.3941,278,000 bushels, Corn; Total
55.80 55.75 56.25 56.25
DOLLAR STEADY
Silver Prices Unchanged
The local dollar remains steady, opening on demand this morning at 1/9 F
sales-25,006,000 bushels.
"Cotton-While
reports indi-
cate unusually early crop prepara
tlons and large sales of mules and X
farm implements, the drought con-gone tinues in the South-west. The mar ket appeared to be well liquidated,
even temporarily oversold,
"Rubber:Better sales of ac- tual rubber and heavy consump ing of the trend. tion prospects promlee a harden-
Total sales: 609 lots.
The following telegrams were received by Messrs S. E. Levy and Co. from Reuter-
Favourable factors prior to the
Spot and forward silver prices, were also unchanged, being quoted opening of the N. Y. markets in- at 24 9/16 and 24 11/16, respec- cludes:- tively, v kat
(1) The possibility of an early
technical rally,
The London on New York cross- rate was quoted at £U.S.$4.872, (2) Brokers are not hearish for as compared with US$4.34%;"
The New York on London rate was quoted "at U.S.487% 88 compared with £1.5.$4.867
RAW RUBBER PRICES
the long pull, on the theory that business news is far from discounted and speculative ac- counts are in a healthier con dition as a result of the shake- out...
Unfavourable factors
Latest Quotations From (1) The Gold Clause uncertainty
Singapore
is likely to continue to be a dominant factor in the near future
Messrs. II. B. Joseph & Co, have Wall Street was moderately ac received the following Straits Curtive and steady with fractional rency quotations (Buyers) from gains in prices predominating. Singapore far Raw Rubber:
Spot 21 3/8' Up, 3/8 April-June 28 5/8 Up 3/8 July-Sept: 24 7/8 Up 3/8. Market: Firm.
natt.)
Shanghai Lands Sh. $24 Metropolitan Lands Sh. $1220 m:|-- Humphreys $91⁄2 na pod H.K. Realties $5.30 .: Asia Realties: "A", Sh. $100 D. Aals Realties-"B" 8h.$20 1, Chinese Estates 888 n. China Realties, 8h. $12. China Debentures Sh.$128 r.
Public Utilities
H.K. Tramways $20.46 sa. Peak Trama (old) $10. s. Peak Trams (new);:17; n. Star Ferries $100 m Yaumati Ferries $22 n.
C. Light $10.80 sa.go H.K. Electrics $71 b., $71% B. Macao Electrics, $25 1. Sandakan Lights $8 n. Telephone (old) $25.85 8., $25 Telephone (new) $111⁄2 n. China Buses Sh: $12.40 n. Singapore Tractions 6/- n. Singapore Pref£$17/9 n.
Industrinis
C.P.R. ENTERPRISE
Chinese New Year Excursion Rates
ROUND-TRIP TO MANILA
Case Threshing advanced one point while Columbia Carbon de clined one point. A rally ofat- least technical proportions would not be surprising, following the recent heavy Gold Clause selling.
Steel operations at Chicago 57 per cent, of capacity,ĉar in crease of 7 points, from last week
The following telegrams were received by Messrs S. E. Levy and Co. from Reuter:
The Tribune" states; on good anthority, that there are "Indica- tions that there will be no return
LONDON SILVER"
Local residents will no doubt bel Interested to hear that the Cana-to the old, dollar in any even dian Pacific are advertising a
Average daily petroleum pro Special Execursion to Manila over!"
duction was 2,538,000 harrels. the Chinese New Year Holidays by|
(Continued on Page 10). the R.M.S. Empress of Canada which will leave Hong Kong in the late afternoon of Friday, Febru bary 1, arriving at Manila in the early morning of Sunday, February 4, and arriving back in Hong Kong on Wednesday morning, February 6 in time for the office that day, so that actually half a day, Le Sator day morning only need be spent away from the office as Monday and Tuesday are the Chinese New Year Holidays.
Malabon Sugars, 18.70 nast Cald: Macg. (Ord.), Sh. 120 n. Cald: Macg. (Pref.) Shs194 Canton Icea $2.86 1.2 Cements $2 b., $2.05 H.K. Ropes $5.80 -
Stores, etc. Dairy Farms $241⁄4 n. Watsons $5
Lane, Crawfords $8.76 n. Mackintoshs, $21 n. te Sinceres 88
Wm. Powells, 20 eta na Wing On (H.K.) 8105 2. ~ -
Miscellaneous,
H.K. Amusements $1.85′′n. Entertainments; $1174-1 SC Enterprises $1.3
ala) 81.85
The fare for first class passen- gers for the round trip is £12:0.0. and tourist class passengers £8.0.0. These rates include meals and lodging on board the steamer while
Manila
It is expected that many, local residents will avail themselves of the opportunity spending
pleasant holiday away from the Jusual noise which welcomes in the Chinese New Ye
NOT ENOUGH SCHOOLS FOR
London, To-day. Spot 24-9/16 Unchanged Forward 24-11/16 Unchanged Silver Comment:- Business small, Market Steady.
Speculator Bought, and sold,
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING.
START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC.
Houg
Tel "$025
It Insured? ?
InsuranceATI" ÇİLEN LOWEST RATES American Asiatic Underwriters Fed, Inc., U.S.A" General Agents
«V«HK, Office
Asia Life
Head Office
17, The Bund
Shaighal
S. E Levy & Co.
UNDERWATERS AND DISTRIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION--
DALLY NEW YORK STOUP
COMMODITY SERVICE
Membara!
NEW YO
COTTON EXCHANGE-
NOE ING
TRADE
LANGE, INC.
NANKING GIRLS
completed in the ucation
CANADIAN:COM
omen
WHITE
OR HOT
HON
KONG