BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
¿phorised_Capil&l_sue $60,000,000 Lowed and Fully Fildup ammo 10,000,000 Evierra Fundas --
Baling muraamusi £6,500,000 Em a $10,000,000
5
Master Liability of Proprietors 30,000,000 HEAD OFFICE, HONGKONG.
BOARD OF DIRECTORS.. Hon. Mr. C. 0), B. Mackie
Chairman,
N. H. Dadwell. Reg. Deputy ChairEES.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Pald-up Capital
:
£8,000,000 .................£3,000,000 Reserve Liability of Prot
THE CHINA MAIL, TUESDAY, JANUARY 22, 1935
Commerce and
LOCAL DOLLAR STEADY
Silver Prices Advance
The local dollar remains steady, opening on demand this morning at -1/9.
Reserve Fund
prietors
...£8,000,000
Agencies and Branches:
Aloe Blae.
Ipila
Rangoon
Arvillase
Ipok
..Balgen
Bangkok
Remarang
Hea Mr. W. U. Beil
G. Miskin, L64.
Flatavia
Blog
Zaremben
H. H. Morrison, Keg.
Bosabay
Shanghai
W. 2. Kaewick, Esq.
T. E. Fontos, Pag.
Caletta
Munia
Kagisor
Calen
tempur
w
Kuching
Euribaya
Caba
Madras
Talping
Colombe
Manila
Tourish
Halphong
Now York
Hacıbary
Telping
Tdorleo
Haskow
(Paklar)
Thodates
Zamboa
`8. G. Kalgki, Eng."
BANGKUK
VALOUTT
V. M. Greyburn, kaq.
Chlef Manager.
BRANOURS :-
- LONDON
LYONG
MALACOA
MANILA
UA (Johore}
MURDEN
BATAVIA
SONDAY
DANTON QUEFOO COLOMBO
NEW YORK
DUBEN
JOODROW
AIPHONG
BAMBURG
MINKOW
HONOKEW
ILUIZA
JUBUB
Towe
KOWLOON
PRIPINO PENAKO
BANDOON
BAIQUN
BAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPUBE
FOUBABAYA
BUNGI PATANI
TIENTHIN.
TOKYO
THINGTAO YOKOHANA
Varennt Acmasais opened in 1oo Quersany a Fixed Dupoate recaled for the your o shorter perioda in Leon Company and Sterilng
terms which will be quosed in appilostics. Ston Loug. 1ik April, 1984.
HONG KONG SAVINGS BANK,
The Business of the above Bank le acndust
Üveg Kang
(Blue)
Förslan "Bushonga xað General Banking basizade trazaneked.
Cormal Assounts opened azil Flaad Dapodi məsirət her one paar 'or shorlar periodo ad esim which will be quoted as applieslson,
A. BREARLEY.
Manager. Hong Kong, 1st, January, 1986.
SAFETY FIRST I
To Safeguard Your Valuables® and Jewelleries
Deposit them in a Vrule
that is really: FIRE-PROOF
BURGLAR-PROOF
DAMP-PROOF |
OUR SAFE DEPOSIT VAULT
jocated
Spot and forward silver prices, advanced 1/16, being quoted at 24% and 24%, respectively..
The London on New York cross- [rate was quoted at £-U.S.$4.871⁄2. as compared with US$4.88%.
The New York
was quoted at compared with
on London rate US$4.88%, 13:34.88.
LONDON SILVER
London, to-day. London 'Silver-Spot-24% up 1/16; Forward-244 up 1/16. -
London Silver Comment:Specu- Ilators bought. India sold, iness small,
Bust-
COMMODITY PRICES
The following quotations have
on the Messanine Floor of been received by Messrs. S. E. Levy Our New building is Specially Con- and Co., and the A.O.F.C. structed to provide all of these Im Bula may bw
portant Qualitler,
by the HONG KONG AND SHANGHAI BINLING CORPORATION,
seled an application.
FOR THE BUND KONG AND CANOHAI JANKING CORPORATION
Y. M. GRAYBURN.
Ohlst Manager.
Hong Kong, 20th February, 1934,
THE BANK OF EAST ASIA, LTD.
katherland Capital
...$10,000,000.00
Pullup Expital
| 15,850), (ON) ANA
hverra and Undivided Proble$2,494,200.00
HEAD OFFICE)-1HONG KONG
13, Da Yo Flood Contest.
BOARD UP
Bir Bhouso
DISKOTGES:
Toon Chus, eg, P.,
wak, Is.,, Woug
Chairman
Iss Tong: Eng., Chas Ching Shok, Yag., Là Lan
Jan Zag Wong Chu Bou, Eng, and Kan Ting
Han Tong Po, Eng.. Chist Manager,
Li Tu Yong, Esq.. Kazayo.
BRANQUES AND AGENCIES-
You may obtain a Safe Deposit
Box in this most up-to-date Vault for New York Cotton your own nee at a very moderate Ran-January
Inspection Cordially invited.
March May
THE NATIONAL COMMERCIAL July
& SAVINGS BANK, LTD. ·
Corner of Tee House Street and Des Voeux Road, Central
THE BANK OF CANTON, LTD. January
March
Established 1912
May
Boad Office:-Hong Kong,
July
Authorised Capital
Paid-up Capital
Total Resources
82,170,498
8,855,000 October.
$11,000,000 September
Beastle
Bemarang
Bimby
Kugak!
Baarhal
New York
Онко
Phot
Paris
Hugspore Jurabaya Bwatom
Henlow
Telpise
Banolulu Labe
truasj
hydury Tabor
¡acted.
Tissidia
Current Accounts opened and Fixed
Zobra
Tokihame
المجمع
Smaila #lbourne
Esigo
RUMOURS OF NEW IMPROVEMENT ON PING HAN RAILWAY
CHINESE LOANS WALL STREET
Finance.. Big Sums Required For Business Waiting Gold
LOCAL SHARES.
TO-DAY'S QUITATIONS..
The following is the list of local share quotations Issued to-day:
Banks.
ILK. Bank $1545 b. H.K. Bank (London). £140.n Chartered Bank 16 n. Mercantile Bank, A. & B. 482 a. Mercantile Bank 0, $131⁄2 n. Bank of East Asia $90, m. Am: 0. Finance Corp., Sh.$20 China 0. Fin. Ord, Sh. $1.80 n. China 0. Fin, Pref Sh. $43⁄41⁄2 ni
Insurances.
Canton Ins. $275-n. Unión Ins, $490 b. and sa, Chins Underwriters $1.20 b. China Fire Ins. 8490. H.K. Fire Ins. 8228 n. International Assce. Sh. $5 m. Shipping.
Douglases, $40 n. H.K. Steamboats, 37% n. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def), #35 n. Shells (Bearer) 51/8 n.. - Union Waterboats 18% n.
Mining.
Antomoka 93 cts. b. Balatoca $41 D.
Military Purposes.
T. V. SOONG'S AMERICAN TRIP CANCELLED
Clause Finding
RUBBER RISE EXPECTED
New York To-day.
Prices on Wall Street show a
[From Our Own Correspondent), tendency towards general improve
REPORT
Profit Of $8,308,000
For 1934
FIRST SURPLUS DECLARED FOR MANY YEARS
Hankow, January 14,
To payments under Government orders $1,229,910.
To National Wu-Han University $88,000.
To Lung Hni Extension, Canton- Hankow and other Unes $520,000. To-Accounts payable left over Administration
by previous $1,104,450,--
Canton, To-day.ment but business will probably be For the first time since many Well-informed reports received email owing to the possibility of years, the Pelping-Hankow Railway here from Shanghat state that Gen the Gold Clause decision being Administration has reported a net eral Chiang Kai-shek, Chairman of given to-day, the Military Affairs Commission,
surplus from operations during Rubber fa anticipated to.
be 1934.
According to returns, made has approached leaders of the slightly better.p
public by the Administration the Anfu political clique to secure a Wheat should be influenced by the total cach revenue of the railway in big foreign loan for military pur-variable weather which is very 1984 amounted to $25,186,000 and poses:
serious after the widespread falling operating expenses totalled $16,878,- Members of this clique, which of know.
000, resulting in a net surplus of was responsible for many large Cotton is expected to be strong $8,308,006; n. loans from Japan in the past, are due to better cables from Bombay. Out of this surplus the Railway concentrated in Shanghal Their Weather in the North West Cotton Administration paid out the follow leader is General Tuan Chi-jul, Belt'ia rainy with a forecast of snowling amounts: and others are Messrs. Wang and very cold conditions. Mills at Keh-ming, and Wang Chi-tang. present are underbought pending These politicians, according to the the result of the Gold Clause Con- reports, are now approaching the ference. At the end. of the month quarters most likely to make the a stimulated export business is ex- loan.
pected through trade agreements. Reports from the same quarter S. E. Levy And Company's Report have it that Mr. T. V. Soong, who In their market report, Mesara. was to have sailed for the United S. B. Levy and Company, corres- States to seek another big Ameri-pondents for Messrs. White. Weld can loan, has cancelled his trip. and Company, New York, state: Shanghai bankers, who favour. the "Stocks: Continued favourable pro-Euro-American political bloc, news in steel, motor and allied in- have declined to lend further loans dustries is likely to sustain the mar- to the Nanking Government, it is ket, though restricted activity is said.
probable until the Gold Clause Financia! circles here under-decision is reached. Business done: atood that Mr. Soong had agreed 600,000 shares. to proceed to the United States for "Bonda: U.S. Government bonds Through the present management financial assistance, on the condi- were mixed, but high grade issues the high interest charges have all tion that he again became Minie- ruled stronger. Juniors and second been reduced with the consent of the ter of Finance. This arrangement grade issues were also better. is unlikely, it is learned, because
creditors to 6 per cent. This fact, "Grains: Trading was mostly together with the Mr. Seong canhot, subscribe to the professional. Domestic statistics effected as the result of the intro- great savings. present foreign policy of the Na-were bullish. Wheat: Total sales: duction of more scientific manage- tional Government
12,208,000 bushels, Com: Total ment, gives the present Administra General Chiang Kai-shek la now sales:-6,126,000 bushels.. back in Nanking, drawing up plans
tion reason to hope for an early "Cotton: There was considerable liquidation of all outstanding in-.. to send troops to Kwelchow, and edge covering against foreign debtedness-Chekiai Agency, Szechuen for the suppression of growths. the Communists.
Baguio Gold 37 ets. b and sa. Benguet Consolidated $141⁄4 n. Benguet Exploration 18 cta. b. Benguet Goldfield 10 cta. n. Big Wedge, 10 cta. n. Gold Greek 884 cts. n.
Gold Rivers $293% aa.
Salacots 18 ets. n.
Kailan 19/8 n.
Langkata (Single) Sh.. $15 »..
S'hal Exploration Sh. $5 n. S'haf Loans, Sh. 16 n. Raubs $9.10 m. Venz; Goldfield. $5 n. Docks, etc. H.K. Wharves $118% b. H.K. Dicks $11% n.. Providents (old) 81.40 n. Providents (new) 30 cts. s." Hongkews, Sh. $309.
New Engineering); Sh: $51⁄4% nế S'hal Docks, Sh. $120 n.
Cotton Mills.
Jan. 20. Jan. 21.
Closing, Closing
12.86 12.51 12,45 12.54
12.52
12.57
12.54
12.60
October (1935)..
12,44
12.50
December
12,51
12.50
Spot
12.65
12.70
Ipo Mining 81 n.
Itogans 42 cts. n.
New York Rubber:-
18.05
12.96
13.17b 13.11
13.44 13.24
13.53 13.42
13.72 13.59b 13.81 13.69
981⁄44* 97%
89% 8.84
87%
87
871
86%
July
88%
82
September
79%
78
Chit Manager.
Winnipeg Wheat;-
May July
83%
82%
83%
82
INC.
March
1.80
1.85/87
Head Office: 65, Broadway, New York
May
1:90
1.90/91
July
1.09
1.94/95
Head Office: Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1839."
September
b.
1.09
1.99/99
Capital
U.S.$6,000,000.00
Surplus Reserves
2,087,112.69 1,095,528.31
New York Silk:--
March
1.40
1.42
May
1.40
1.43:
BRANCHTS:
July
1.40% 1.43
Amat Antworp Albana
Beaine
Min
langon
Herson Hamburg
Naplo
Montreal Silver:-
Tiru
Paris.
March
54.80
54.80
Berlin
Bombay
Bukuro
-Brinsala
Havre Heidelberg Interlaken Jaussiem
Palpin
Televa
65.25
65:30
July
55.76
55,95
Chiro..
Loadou
Shangh
Calcults
Liverpool
Houl bampton
Lore
Bumper
September b-bid
56.80
56.55
H.K., Tramways $20.20 b.
Peak Trams (old) $9.
Colombe Copenhagen Cablin Pinburgh Florance G+MYE
Legane
Thastain
Luize
Moula Curie
Termine
Vishne
New York Metals:--
Manto Honda
Vanics Yokohama Zurlob
Jan. 17. Jan. 21, Copper March .. 6.16 6.30 Tin March... 50.15 50.45
C. Light 310.30 n.
Ban Franction
Etary description of Banking and Erokang bus died. Loans granted sa spproved
Oprada Accounts opred, in Local Durba
and Fized Deposits recaised for vo
ihrer periods in Local and Yorsign CurrenĢĒKS
terms which will be quoted an application.
Bale Deposit Dezee To Let
HAN TONG PO,
THE BANK OF TAIWAN, LTD.[
Branches: Canton, Toishan, Shanghai,
Hankow, Bangkok & San Francisco, Chicago Wheat:
London Bankers: Lloyds Bank, Ltd. May
Foreign Exchange and Banking July
business of every" discription, trans- September
Deposits recared for one year or Chicago Corn:
burter periods at rates which will be May - quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOT POONG KHAN,
AMERICAN EXPRESS COMPANY, New York Sugar:-
Chial Manager,
Bong Kong, så March, 1984,
Central Bank of Formosa, Notes
issued Average amount Y.45,000,000)
Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong Nanto, Shoka, Shinchiku, Taichu, Tainan, Tallo, Takao, Tamsui, Toen, Karenko Kagi, Heito, Giran.
China-Amoy, Canton, Foochow, Han-
kow, Shanghal, Swatow.
Others:-Bombay, Hong Kong, London.
New York, Singapore, Batuvin, Cannes Samarang, Soerabaya, Dziren.
On and after April 20th, 1934, the rate of Interest on Special Currant Deposit will be at 1%% p., on daily balive and the rate for balance over ,$10,000 will be quoted on application
(Mizimum rate-1%),
Hong Kong Branch
Y. OHNO,
Manager.
3. Des Voeux Road, Central.
THE
Artistdem
Branches of American Exprèss Com- Dany in Principal cities of United States of America and Canada.
4
All classes of Commercial Banking Transactions undertaken.
THE YOKOHAMA. SPECIE BANK Personal investment accounts
LIMITED.
handled.
May.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China). Head Office Shanghal Capital $7,500,000,00 Reserve $1,500,000.00 Branches All Important Cities The Company offers to intending | - Travellers the use of its "Travelers Foreign Exchange and General
In China Capital (fully paid-up) Yen.100,000,000 Cheques" and Letters of Credit and Banking Businena transected.
| addition, the world-wide, services Yen.124,250,000 of its thoroughly equipped Travel D
partment
Established 1880
Haarve Fund
Head Offee-YOKOHAMA"
Branches and Agencies at: -Alexandria
Barlin
Nagasaki
NREOS
New York
Doaka
·Paris'
Tengtien (Muldan) Rio de Janeiro
Batavia
Bombay
Calcutta
Canton v
Dairen (Daley)
Peiping Rangoon
Hamburg
Hankow
San Francisco Beattle Semarang
Singaporn Sourabaya
Sydney
Tientain
Tokyo
Tsingtan
Yingkow
«Hong Kong, Get-Shanghai:
Honolulu
Hsinking
Kärschi
E. W. DUGGAN,
Manager.
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,000
Foreign Exchange
and Business of every description trans
Current Accounts opened,
Deposite received at special rates, and Fixed Deposits received for one year
or shorter period at rates
be quoted on application.
Bafa" Deposit: Bozau (var
and Fixed Depoalta received for one Current and, Saving Accounts opened
year or shorter periods at rates which will be quoted on application
BOU Z CHANG,
Manager« HONG KONG BRANCH 24, Des Voeux Road, Central St Manager's OfficeTel: 88565 Foreign Exchange Dept. 88566
General OcUK, #BADBT/M
Cashier's Office
THE SHANGHAI:COMMERCIAE | & SAVINGS BANK
Ewo Cottons Sh. $390 n. S'hai Cotton (old) $74 n.. S'hal Cottons (new) $441⁄2 n Zoong Binge, Sh. $9.40 n. Wing On Textiles, Sh. $55 n.
Lands, Hotels. etc.
H.K. and S. Hotels $4.95/5 88, H.K. Lands $50.bi, $50/501⁄2 sa. H.K. Land 4% Debentures 101%
Shanghai Lands Sh. $242 n. Metropolitan Lands. Sh. $12.20 Humphreys $931⁄2 ï.. H.K. Realties 85.10 n. Asia Realtles "A", Sh. $100 r. Asla Realties "B7-8h.820 n. Chinese Estates $88 D. China Realties, Sh. $124 n. China Debentures Sh.$123 a.
Public Utilities
Peak Trams (new), $7 n.
Star Ferries $98
Yaumati Ferries $22 n.
Reports from India of
crop damage was a sustaining fac
tor. Delay in the Gold decision was temporarily greatly hampering
NEW YORK STOCK activities in the actual cotton mar-
EXCHANGE
S. E. Levy And Co. And A.0.F.C. Quotations
The following quotations from New York have been received by Hessra S. E. Levy and the American Oriental Finance Corporation.
N.Y./London
N.Y, Cotton
Mar.
July
N.Y. Rubber
Lait
close. 10.15 11.00 4.88% 4.87% 4.88
12.46 12.53 12.45 12.54 12.61 12.50
ket.
"Rubber: The market was fea- tureless. Total sales:-200 lots."- Reuter.
The folowing telegrams were re- ceived by MegaTS. S. E. Levy & Co. from Router:
ام
Wall Street was firm with gains mostly in minor fractions.
DS. Steel Corpn.'s shares advanced 1 point.
preferred
There were further evidences that the business and industrial improve ment is bolstering sentiment, but no sustained rally is at present antici- pated. The possibility that a deci sion by the Supreme Court on the Gold Clause case will be reached
There, will be no final decision on the Gold Clause case by the United States Supreme Court to-day."
Mar
July
13.176 13.13 18,58
13.47
18.13 19.45
a. Wheat May 98%
9739-
July
C. Corn May
89% 87
804
874
to-day, is expected to restrain activity.
n. W. Wheat May 88%
82%
STOCKS:
Amier Smelting 354
36
Con GAS NY. 197 Du Pont
2014
20%
D5%
'05%
Elec Bond & Sh 6%. General Motors: 32
6%
0%
32. :3174
Int Tel & Tel
9
94 9
Loew's Inc
88 Montgomery W. 273%
334
$3% 27% 27%
Nat Distillers 26%
25% 26%
NAY. Central 19% 19% 19% Standard Oll NJ 41 42 424
Weekly business failures totalled 274 as against 888 for the corres- ponding period last year.
Failures of mills were 49.5,
Dow Jones reports that there have been recent merger, discusalons| between National Steel and Inland
US. Steel 33% 88% 38 Sted. However, no details have The following quotations from Lon-been agreed upon as the matter has don were received last night between not yet progressed beyond the stage [5.80 p.m. and 10.30 p.m. -
Silver Spot 24-9/10 (last close), 265, of conversations.
H.K. Electrics $69% b., $70 a. (last recd), 1/16 up (change). Macao Electrics, $25 n.
8.
Sandakan Lights $8 n. Telephone (old) $25 Telephone (new) $11 s. China Buses Sh. $12.40. n. Singapore Tractions 6/- n. Singapore Pref. $17/9 m.
Industrials
Malabon Sugara: $8.60 5. ~ Cald: Maeg. (Ord.), Sh. $20 n. Cald: Macg. (Pref.) 8h819% n. Canton Ices $2.85 m.
H.K. Ropes $3.80 n. Cements $1.97% b
Stores, etc Dairy Farms $241⁄4 b Watsons $40 Lána, Crawforda 33.75 Mackintoshs, $21 Sinceres 88 n Wm. Perells, Wing On (HK
Misc
H.K Amus Entertainmen S.C. Enterp
Silver. Forward. 24-11/16 (last close?, 24% (last recd), 1/16 up (change).
Silver Report-Speculators bought India sold. Business small-S
Gold 142/- (last close), 142/014 (lant-reed), d up (change).
(Continued on Page 7)
MANILA MINING SHARES
Messrs. Carroll Bros. have re- ceived advice from Manila that
Londen/N.Y. Selling Rate 4.8812 (last close), 4.8787 (last read), .0025 Antemok Goldfields Mining Com down (change), una pany are issuing Rights, One, in
London/Paris Selling Rate 74.15 Ten at 60 centavos.co
(last close), 74.34 (last read), 10 up A dividend will also be paid on (change).
the 31st instant of, they under- Liverpool Cotton May 6.83 (last close); 6.87 (last reed), '04 up (change) stand, 21⁄2 centavos per share,
Liverpool Wheat-May 6/1% (last close), 5/0% (last recd), down (change) ME AND
London: Rubber--Apr-June (buyers) 6% (latt close), 6-9/16 (last reed); (1/16 down (change),
London Rubber Apr-June(sellers), 6-11/18 (last close), 6-11/16 - (last) recd), unchanged (change),
London Rubber at noon (biyers) 16-9/16 (lastreed),
To Refunding overdrafts of previous Administration $1,668, 405.
To Staff back-pay $416,874. To Other overdue debts $2,229,-
818,
To Remittance to Government of surtax collected on Goods $1,520- 052.
EXEXEXEX
gone
Everything 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 Buildar Hong Loan
Tel. 8023&
S. E. Lewy & Co.
37, ICE HOUSE STREET
INVESTMENT BANKBAR & BROKERA
MENADES:
185
As It Insured? ?
NEW YORK
COMMO
FTON EXCHANGE..
INGU NA
15.
General: Arent" "N
BOARD OF TRADE-
EXCHANGE, INC.
ľ