BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capitul-
$50,000,000
Issued and Pally Pull-up 20,000,000
Reserve Faridis:--
Sterling .... £ 0,500,000 Silver $10,000,000 Reserve' Liability of Pro-
prletors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1868. HEAD OFFICE: LONDON Paid-up Capital
20,000,000 Reserva Liability of
HEAD OFFICE: UONORONG.
DOARD OF DINKOTGIS,'
W. H. Bell, Esq. K. S. Morrison Esq., | Can'ss
.£3,000,000 ....£8,000,000
Pro-
THE CHINA MAIL, THURSDAY, FEBRUARY 28, 1935
Commerce and
Finance
NEW YORK STOCK
MARKET MA
3,000,000 RALLY SUGGESTED
BY BETTER TONE
Agencies and Branches:
Rangoon Figo
Remarang Berimban Bbangkal Singapore alliawan Bourabaya Talplog
Reserve Fund
prietors
Alor Alar
Sailo
8, 11, Dulwell. Bet,
Chaleman,
Amyiter
-Ipok
Bangkok
Kamol
Materia
Klang
. 1, Kalekt. Nag.
Botebay
Кова
Paputy Chair AM,
Calcutta
Suela
Luwgor
Cawnpore
Borbing
A. H. Comptan Eur
Cabra
Mudra
1gn. Mr. J. J. Paterson, Hon Mr. C. G. S. Mackie,.
Colomb
Tiantain
Tongkah
Halphong Hamburg
New York
(ühsker).
Priping
Imagino
Hanks Tarbin
(Foxing)
Tokobane
THALDA
Zamboogs
long Koog
KUALA LUMPUN FINDIN
LYONS
MANILA
G. Miskin Esq., T. E. Pearce Esq.,
-V, "M. Orazbura, Xog,
BRANÚÐ.
BANGKUK
LUOT
DATAVIA
ROMBAY
CALGUPTA "CANTON CHEFOO
DOLOMID DAIREN Follow
.. WAIPHONO
HANDLING WINKOW
WARDEN
I NOKEW
IMIB
LO
HORD
SE
KOWLOON
SEALACCA
3A (ohore)
NUKDEN
NEW YORK
PELPING PENA NO
BANGUCH
RAIGON
BAN FRANDIB00
SHANGHA
RINDAPORE
BOURABAYA” *-
RUNEI FATANI
TIENTSIN
TOKYO
THINTAO
TOKOBAMA
Current Accounts opened in axal Curraney
Sed Fixed Dapculte received for one your De ther periods in Loral Company and sterling ich will be noted on application. Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
be
The Business of the above, Bask la condusi
• by the HONG KONG AND SHANGHAI WAYKING CORPORATION. Hulam, may and on application.
FOR THE HONG KONG AND WHANGHAI
NACKING CORPORATION ·
V. M. GRAYBURN,
Chind Manan.
Hong Kong, 25th February, 1985.
THE BANK OF EAST ASIA, LTD.
Ieškorland Capital amemu. § 10,000,000,00 Palup Capital
Boomers and Undisclnd Prote$7,1 16,400.00
·HEAD_OFFICE:-TONG HOND
19. De Vous Road Casiral,
TARD OF DIRECTORS Bihou-son Chow, Carm
Low Cho Em P. K. Kask, 'Ing.. Wong
Tin trong thi mùa Ching Khanh, Trung, lát ho
LOCAL DOLLAR ADVANCES
Silver Prices Improve
The local dollár has advanced opening on demand this morning at 1/10%.
LOCAL SHARES:
TO-DAY'S QUOTATIONS
WHARE AND GODOWN COMPANY LTD.
The following is the list of local Profit On Working State share quotations issued to day:
Banks.
H.K...Bank $1380 n.
H.K. Bank (London) £1301⁄2, Chartered Bank 5154 n Mercantile Bank A. & B. $314 n. Mercantile Bank C. £181⁄2 n.
Bank of East Asia $90 a
.
Am: 0. Finance Corp., Sh.820 China O Fin. Ord, Sh. $1.80 n. China O. Fin. Pret Sh. $4% .. Insurances.
In their market report, Messrs. SE Lovy and Company, corres Spot and forward silver prices pondents for Mears. White Wold improved 1/16, being quoted at and Company New York state:
25% and 26%, respectively. No "Stocks: Our view is that today's The London on. New York cross- steadier market tone suggests some rate was quoted at U.S.$4.86, intermediate rally from these levels as compared with US$4.864, Forelr Beshangs and General asking beater shortly. Business done:-930,000 while the New York on · London
rate was quoted at US$4.88% "Grains: The apprehension over as compared with U.S.$4.861⁄2- érop damage, although, somewhat The last occasion on which the Manager premature, Is inducing buying of dollar reached 1/10% was on Octo
new crop. Wheat and cash corn are ber 4, 1029. ruling strong, while distant options Business was done this morning]
frazanciać.
Current Accouste opened and Plzed Depole shares zevolved for one year or shorter perioda e rates which will be quoted on application.
A. BREARLEY:
Hong Kong, lat. January, 1835."
THE BANK OF CANTON, LTD. of corn futures are feeling the ptes- at 1/10 13/16.
Established 1912. |
Head One: Hong Kong
Authorised Capital
Pild-up Capital ·
Total Resources-
sure of importations. Wheat: Total
Sales:11,291,000 bushels Corn: COMMODITY PRICES
Total sales:-6,000,000 bushels
"Cotton: The continued uncer- $11,000,000
8,655,000 tainties, owing to the Government's
The following quotations have
82,170,402 loan policy, are still being keenly been received by Reater...
Branches: Canton, Toishan, Shanghal, felt Hankow Bangkok & San Francisco,
Current Accounts opened and Fixed Deposits rece)red for one yeaT OF shorter periods at rates which will quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chief Manager
SAFETY, FIRST 1 To Safeguard Your Valuables and Jowalleries." Deposit them in a Vault
that is really: FIRE - PROOF BURGLAR PROOF DAMP PROOF 1..
OUR SAFE DEPOSIT VAULT
E. A. Pierce And Co's Report In their market report, American Oriental Finance Cor- Our New building is Specially Con-poration, correspondents
Canton Inc. $260 nive Union Ins. $440 n.
China Underwriters: $1.10 b.. China Fire Ins. $490, n. H.K. Fire Ins, 822712 m. International Assce. Sh. $5
Douglases $39% band H.K. Steamboats, $74", Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shells (Bearer) $49/42 n. Union Waterboats 1121⁄2 n..
Mining..
Antamoka 88 cts. n. Balatoes $48-n..
Baguio Gold 39 cts, n. Benguet Consolidated $14 n. Benguet Exploration 15 eten.. Benguet Goldfeld 10 sta. n. Big Wedge, 10 cts. D. Gold Creek 381⁄2 ets. n. Gold Rivers 22 cts. n. Ipe Mining $14 n. Itogans 42 cts. n. Salacota 16 cts. n.
Kailan 17/-n.
Langkats (Single) Sh. $18 n. S'hai Exploration Sh. $5 n.. S'hat Loans, Sh. 36 ..
Docks, etc.
Providenta (old), $14 0. Providenta, (new) 15 cts. n. Hongkews, Sh. 8809 n. New Engineerings Sh. 35.80 n. S'hai Docks, Sh. $120.
Cotton Mills,
n.
To Be $855,206
$6 DIVIDEND PER SHARE
NEW ADVERTISEMENTS
PUBLIC AUCTION
The Hong Kong and Kowloon DARTICULARS & CONDITIONS Wharf and Godown Company, Lim-Lof the Sale by Public Auction ited made a profit of $855,206,77 for to be held on MONDAY, the 4th 1934, as compared with $907,993.01 day of March 1985, at 3 pm, at in 1938.
the Offices of the Public Works De-
The balance for the year, afterpartment, by Order of His Excellency, deducing Directore and Auditors the Governor of one Lot of Grown Fees, allowing for Depreciation and Land at Mount Cameron in the Co- other outgolage was $544,754,66.lony of Hong Kong for a term of 20
The amount brought forward years.
from last year is $311,929.31 making PARTICULARS OF THE LOT. a total of $856,683.07 for appropria- tionelt
The Directors recommend the fol |lowing :-
To pay a Dividend of $6
per share...
To pay a Bonus of $0.50 per
share ............
To transfer to Renewals Ac-
count
{To carry forward
$480,000.00
40,000,00
70,000,00] 266,683.97
$850,083.97
The annual general meeting will be held at Messrs. Jardine. Mathe- aon's Board Room at noon on Thurs- [day, March 7.
RETAIL TRADE
SALES
Money Value Larger Than Last Year
London, To-day.
The money value of retail trade sales in January was 4.2 per cent larger than-in January 1934,
Lot No. 65.
Adjoining Rural Buliding
* No. of Bale
Hegistry No
Locality.
Boundary Menceramente
aboot
per maža plan, 6,261
HONG KONG PHILHARMONIC SOCIETY
Booking Now Open at ANDERSON'S for
HIAWATHA
Rubber, at 105,' was higher than CHINA' FLEET CLUB THEATRE in the first month of the three pre ceding years, though considerably below the peak attained in Decem ber last..
Stocks at the end of January were 1.2 per cent, less in value than a year earlier, and employment was 2.3 per cent. greater-British Wireless Service.
March 7th and 9th. Admission $3, $2 & 51
plus tax
"Flashes:
+
London Bankers: Lloyds Bank Ltd March tenders helped to improve
Rubber: The ready absorption of.. Foreign Exchange and Banking business of every discription trans-sontiment. Total Bules:--804 lots. acted.
"Copper: We favour purchases and are antepating constructive be news from the impending Conference December
of. producers.
Junuary (1936) Commonwealth and Southern Corpn. have declared New York Rubber:-
Spot dividend on a $3.00 basis, for their
March preferred share.
"Average daily petroleum produc-.
July tion for the week ended February 23
September was estimated at 2,536,000 barrels. October The weekly electricity production December totalled 1,728,000,000 kw. hours, an Chicago Wheat:- increase of per cent. from last May year." Reutér.
Feb. 26. Feb. 27. Closing Closing
New York Cotton:-~~- March
May July October
12.27 12.40 12.42 12.47
12.49
12.63
12.41.
12.45
12.49
12.51
12.50 12.54
12.50
12.65
Raube $7.90 n.
12.56
12.66
Venz: Goldfield $5, n.
May
12.68
12.79
12.84 12.95
13.23
13.02.
.13.09 13.08 18.15 13.81
H.K. Wharves $110 s., $108.sa. H.K. Docks $111⁄2
97%
98
July
92%
-98
September
B1.
921
the Chicago Com
for July of New York state-
Winnipeg Wheat Stocks: Reassurance over the May
May
8414
85
80
Ewo Cottons Sh. $9.22% D S'hai Cotton (old) $74 n. S'hai Cottons (new), $45 n.
80
*
76%
76%
Zoong Sings Sh. $9.80 m.
Wing On Textiles, Sh. 355 n..
83%
184:
893
H.K. and S. Hotels' 35b., $5.10 8. H.K, Land $50 n.
2.02
H.K. Land 4%
1.99/00
Last
101%. n.
2.07.
2.06/07
close 10.15 11.00
2.14
2.12/12
Shanghai Lands Sh. $22'n..
2.19
2.16/17
Metropolitan Lands Sh. $12.20 B. N.Y. Catton
NY./London.
4.88314.80 4.90
RENT
Humphreys 891⁄2 bi
Mar
12.27
12.28
12.28
* 2.25
2.23/28
H.K. Realties $5.10 n.
July
12.40 -12.49
12.43
FOOD
Oct
12.41
12.41
12,89
1.34% 1.35 1.35
1.894
INC.
Bead Oflice-65, Broadway, New York
months, influenced by unfavourable Montreal Silver: crop reports in the South-west March
1.34 *1.34**
Aais Realties "A", Sh. $100 m;" Asia Realties "B" Sh.$17 n. 'Chinese Estates $93 n..
N.Y. Rubber
Mar.
12.55 12.58
12.61
CLOTHING
July
12.84
12.88
Sept.
18.02 13.04
18.01
C. Wheat May 974
97%
HEAT
55.80
58.25.
July
9244
Day
Corn followed wheat. There was May
56.25 .56.84
C. Corn May 844
84%
no increase in country offerings, July.
STOCKS:
TAXES
Capital Surplus
Reserves
«U.S.$6,000,000.00 2,087,112.09 1,995,528.81
while arrivals and the shipping de September mand remained slow...
56.75
57.50
W. Wheat May 884
88%
67.25
58.00
Amer Bmelting 88%
33%
34
WATER
Sang, Kaqe Wong Chis B, E. and Ino Ying located on the Meanine Floor of
In Top Pa Bag, Elief Mamagur.
I. Tee Foug. 1aq, Manager.
*BRANCHES AND AGENCIE8 semm
structed to provide all of these Im-Messrs. E. A. Pierce and Company September
portant. Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren-immediate Railroad credit situa- July
L
Malavis
Bisla Firearm
Bowboy"
Neki
Absorbel
Daleniin
New York
|tal.
Drak
Hankow Hoociala
Kawinen
Gourshaya Sesiw bydney
Paris
Priping
PRELO Bangcos
Balon
Ban Fran
Tukhol
Tientsin
Tokyo
Tokekeme
Every description at Banking und' Esahangs busloan transacted. Loan granted an approved | sacuri War. Current
Artounia speed In Loval · Darrena sad, Fixed Deposit mosíssé for: gua
Inspection Cordially Invited,.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
tion relieved pressure, and lent New York Sugar atronger tone to sugar Futures, March which were slightly heavy, while May.. Actuals were unchanged. Refiners July were only interested in deferred September shipments at 3 cente. Refined December [prices remained unchanged.
New York, Silk: Grains: Grains were
easier March early in the session but closed May
Mortar perind in 37-seal and Yaralan Durres AMERICAN EXPRESS COMPANY, strong, particularly new crop July
W beets, which will be quoted on appliestian,
Bade Deposit Boxes To Let,
KAN TONG PO
Chist Mamper.
THE BANK OF TAIWAN, LTD.
Head OfficeTalkokn, Formosa, Incorporated in Japan by Special Imperial Charter, 1899;
Central Bank of Formoss, Notes
issued Average amount Y45,000,000; Amsterdson
Branches and Agencies,
Anstrer Jayan Keelungs Makong, Nanto, Osaka, Tokyo, Toko-
Shaka, Shineblku, Talchu, Tainan Talto, Takao, Tamaul, Toen, Karenko, Kagi, Heito, Girah.
Rotterdam
BRANCHFS:
Qass
The lingue
Milow Vilco.. Naple
Harses
-Plus
Banise
Hamburg
Berlin
Hoobay Breme Brussels Calro
Cana
Copaskagen
HATTE Heidelber
Palpins
·Interlaken
Jerusalem
Losdos
Zas carne
·To
Bingapor Theatri
TACJ
Mamallie
Vienne
• Monte Carte
Vanice
Manfa
Muniak
Yokohama Zurich
Hochz
China-Amoy, Canton, Foschow, Han- Calcuts.
kow, Shanghal, Kong, London. Others: Bombay, Hong
New
Bam Fork, Singapore, Batavia,
Yerpool
Bome Blingbat Barthampton
Rubber: The market was active Razor Co, has declared a Special and higher. March liquidation dividend of $1,, together with their was heavy during the morning but regular dividend of $1, plus an dried up in the afternoon. Dealers extra dividend of 25 cts, were the principal buyers, for March.
The International Cement Cor
There was a good factory poration has declared a dividend of Interest, with some Commission 25 cta. house buying of July and Septem- Average daily pétroleum produc ber.options. The Trade was more tion. for the week ended February optimistic,
23 was estimated at 2,536,000 Cotton Prices improved on barrels. moderate trade buying while there The weekly electricity produc- was a small amount of speculation totalled 1,728,000,000 k.w. tion. Inflation talk is again in hours, an increase of 5 per cent. the air. The market acts as if it from last year. Branches of American Zorgrass Cem. will gradually work higher.
Dubulla Boerabaya, Dairen. ** Edinburgh On and after April 20th, 1994, the
ODAY. of Interest on Special Current Deposit will be at 1%% p. on daily balence and the rate for balance over $10 000 will be quoted on application (Maximum rate 1).
Bong Kong Branch
T. OHNO,
Manager.
3, Des Voeux Road, Central.
THE YOKOHAMA SPECIETMBANK
LIMITED.
Established 1880
Messrs. E. A Pierce and Com-
pany in Principal cities of United Flashes: The American Safety pany's report on the opening of the Etates of America and Canada:
All classes of Commercial Banking THE CHINA & SOUTH SEA BANK, Transactions undertaken.
Personal investment accounta
handled,
The Company offers to intending Travellers, the use of "Itu "Travalers Cheques and Letters of Credit Ance Capital (fully paid-up) Yen.100,000,000 of its thoroughly equipped Travel De
addition, the world-wide services] Reserve Fund
Yen.124,260,000
{partment.
Head Offer:-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Berlin
Calcutta
Nagasaki
Naraya
New York
Bombay
Oanka
Canton
Paris Felping
Dairen (Dalny)'. Rangoon
nkow.
Harbin
(Munden) Rio de Janeiro
Hong Kon
Honolulu
Hsinking
Karachi Mobe A
San Francisco Seattle Gemarang
Shangba
Bingapore
Soerabaya
Bydney Tientsin
London
Tokyo.
Los Angeles Manila
Intermi Depoalls zoorivo rates to be:obl
Tsingtan
E. W. DUGGAN,
LIMITED
(Incorporated in China) Head Office....Shanghai hi
$7,500,000.00 **** $1,500,000.00
· Capital
Reserve
Markets:-
KELAJAKAB
The opening of Wall Street to- day was slightly lower, while there was moderate activity, with the market ruling-steady.
On the cotton market at the opening Liverpool was selling, dia- tant options. Domestic trade and the Continent were modest buyera. Latert Quotations
N.Y./London
Prev, To-day' close close
Branches Foreign Exchange
All Important Cities in China pr Banking Business transacted...
General
The following quotations have Current and Baving Accomte opened been received by Reuter and Fixed Deposite received forous year or shorter perioda at rates which Manager wil be quoted on application
BOD Z. CHANG,
Manager, HONG KONG BRANCH AB, Des Voeux Road, Central: Manager's Omeprind 10565, Foreign Exchange Dept. General Office:
38567 Cablur's Once:;:
THE WING ON BANK, LTD. TONG KONG
Authorized Capital $10,000,000
Foreign Exchange and Banking THE SHANGHAI COME
Business of every description
Current Accounts opened, Spacial Deposits received at special rates, and
Fixed Deposits received, for one year
&SAVINGS BANK:
#Eincorporated in China)
or shorter period at rates which will] Capij
be quoted on appileation
MA Rain
Safe Deposit Boxes (various sizes)
LES PHILIP GOCKCHIN
Chlef Manager
GOCKCHINY Assistant MapNECT
4.80% 4.80
cross-rate, NY. Cotton-May
*
12.42
12.47
12.68
12.79
13.7**
NY. Rubber-May-
Lands, Hotels, etc..
ד'
NEW YORK STOCK EXCHANGE
February 28,
The following quotations from New Debentures York have been received by Reuter,
: China Realties Sh, $9.60 n.
China Debentures Sh.$128 n.
Publie Utilities
H.K. Tramways $19.50 n.
Peak Trams. (old) $81⁄2” 1. Peak Trams (new), $6. Star, Ferries $94 n.
Yaumati Ferries $22 n.
C. Lights $10 b.$10.10 s,
Ba.
Macao Electrics-$25 n. H.K. Electrics $71 b. $711⁄2 s.
Sandakan Light 38, n Telephone (old) $25. Telephone (new) $10.10 b. China Buses Sh. $12:40 m. Singapore, Traction 8/- b. Singapore Préf. 20/- b.
Con Gas N.Y 18 18 18 De Pont
93% xd 93 98
Elec Bond & Sh 4% 4% and General Motors 30 291% Int Tel & Tel: 7% 7% Loew's Inc 84% 84% 84% Montgomery W. 24% 24% 24% Nat Distillern 20% 20% 145 14%
Da Industrials Malabon Sugar: $81⁄2 n." Cald: Macg, (Ord.), Sh. $21 n. Cald: Maeg (Pref.) Sh.$16 n. Canton Tocs 82% b. Cements $2.05 m. A H.K. Ropes $8.80 1.
Mary Stores, etc. Dairy Farms $2831 0. Watsons $4
Lane, Crawfords $8.75 n. Mackintoshs, 321 nail
luceres $8. AN Wm. Powella, 70 eta n *Wing On (H.K.) $105 m. Awwwa Miscellaneous. H.K. Amusements $1.85 n. Entertainmenta, 74 m. 56 BC. Enterprises" $1.55′′m... Macza "Greyhounds,” $2 Constructions (old) $1.70 . Construction (new) 50 cta. B. Vibro Piling 804 m. Ch Govt. 5% 1925 G4Bde.
Chicago Wheat May 17% Chicago Com May 844 Montreal SilverMar. 55.80 56.254 Bilver. Official **** 55%) 504
Dow Jones Averages
Brady To-day's Feb. 26 close
Change 30 Industrials 102.24 102.55 81 up |20, Naila
30.143083 40 up 20 Utilities ** 16.88 16.01 18 up 40.Bonds
98.48 98,56 07 up ke
11 Commodity 68,88 59.20 22 up
10: Leading Stocks Amer Smelting
Aubura Casend Elec Bond General Blota
Montro
tron
H.K.Gort 4% Loan, -6%%
prem, b..
H.K. Govt 35% Loan 2% prem
Wallace Harpers $74 gamyban
RAW RUBBER PRICES
Messrs HB. Joseph & Co. Com- pany have received the following ¡quotations from Bluzapore „för Raw
N.Y. Central Standard Oil NJ 2014 U.S.Steel
88%
20%
924 324
Is It Insured? ?
Insurance Ali, Cizases LOWEST BATES.
American Aziatic Underwriters Fed. Inc., USA. * Genaral Agenta
Head Office
gone
Everything BUT YOUR
SAVINGS
CHITS
SAVINGS
SAVE SOMETHINGAN MERE WE START NOW
UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST,
INC.
Asia Life Building.
Tel: 80284
S. E. Levy & Co.
7 ICE HOUSE STREET
INVESTMENT "DÄNKENS ́ERORENS
ZEMBENS,
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, IND, N.Y, CHICAGO BOARD OF TRADE CANADIAN. COMMODITY, EXCHANGE,
LI BHU FONG)