BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION.
Authorised Capital Issued and Fully Paid-up
Reserve Furuls-
Sterling £ 0,500,000
Silver $10,000,000 Reserve Liability of Pro-
prietors
$50,000,000
20,000,000
THE CHARTERED · BANK OF. INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1888.
HEAD OFFICE: LONDON
20,000,000 Reserve Liability of Pro
HEAD OFFICE: LONOKUNG, BUARD OF DIRECTONA.
8.1. Dilwell, K«q. >
Chairma
C. Knight long
Deputy Chislema
W. H. Bell, Esq. K; S. Morrison Esq.,
A. II. Compton Eaqu
Hon. Mr. J. J. Palcraón,
Kuching Madras
Paid-up Capital
Reserve Fund
.$8,000,000 .£3,000,000
prietors
.£3,000,000
Agencies-and Branches:
Alor Bar
Ballo
Ameliane
Ipek
Bangkok
Karachi
Hatavia
Reno Balgon Весактоод Berembe
Calosita
Bombay
Kobe
Canton
"Lumpur
Батальна Mitiawan
Cawnpore
Bourabeys
Cebu
Taiping
Colombe
Manila
That is
G. Miskin Esq,
T. E. Pearce Esq.,
Dailab
Medan
Torch
Balphone
New York
Y. M. Grayburn, kaj.
Hamburg
•Palplog
Chale Mangu.
BRANCHES-
KOALA LUMPUR LONDON
HALADCA
MANILA
MUNDEN
NEW TOLK
Hon. Mr. C. G. S. Mackie,
MOT
WANO KUK
BATAVIA SORBAT BALOUTTA CANTUN DUE200 COLOMBO DAIREN FOOCHOW HAIPHONG
·ĦAMBLING BANTOW FARBIN WONGLEW
JOH B KON
11UAR (Johor)
PEIPINO
PRNANO
NAKODON
HATUON
SAN BANGIB00
BHANGHAL
SINGAPORE.
FOUGABATA
HUNUSI PATAMI
TIENTBEN
FOR YO
TRINGTAO YOROLLAMA
fumes Abouste oposed in Local Carrenos
Fired Dapoli recalend for vos year... or
se of periude in F0041 Company and Eterios - m which will be quoted on animal Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
The Business of the above Bank reduct the TONO RONG AND BUANGHAT BANNIRU COMUNERATION, sed on application.
But may be
F THE HONG KONG AND SHANGHAI
BANKING CORTORATION
Y. M. GRAYBURN,
Chief ManaY,
Hong Kong, 28th February, 1935. ・・ THE BANK OF EAST ASIA, LTD.
Borland Capital
PALE- Capita
9,000,000,00
Katie and Undisi Prolia 2,434,500.00
BEAD OFFICE:-MONG KOKO
12. Der Van Road Central.
BAD OF DIRECTORS:→
Bir hou-on Chow, Chairma
La Ines Clus Peqa P. Z. Kank, E. WOOK Tez Test, Eau Chau Ching Shah, E42, 4 Tân Đông Hưng Chu Bao Ông anh tạo theo
Amoy
رامية
Ken TORE Po, F. Child Manager.
The Fous. P. Manager.
BRANCHES ASU AGENCIES-
Maclin
Hallenre
عالمية
Hage H
Calen
Hew York
Osaka
Bingapor Bourelays
Being
Pant
Heator Bulu Kabu
London
Taluw
Pea
Kydney Thou Thesi
648 France
Tokokime
Exact description of Banking and Kuohas ye biznized Irenascid. Los granted on approved waii.
Durwal Acouste prend in Love Comm
(Dhaker)
1ingto Yokohams Lamboanga
Henkow
(Paking) PASADE Harble
Forsira Exchange sað General Beaking beses tranioled.
Curtaal Ascounts opened and land Deport ronized for oes your of shorter periodu i rales which will be gone on application.
A. BREARLEY.
Manager. Hong Kong, Int. January, 1935.
THE BANK OF CANTON, LTD.
Established 1912
Head Offen-Hour Kong.
Authorised Capital Paid-up Capital Total Resources
THE CHINA
WEDNESDAY, MARCH 13, 1935
Commerce and
Finance
LOCAL DOLLAR STEADY
No Change In Silver
The local dollar is steady, opening on demand this morning at 1/114. Silver, both spot and forward; also remains unchanged, being quoted at 27,8/10 and 27%, res Ipectively.
The London on New York cross- rate was quoted at S-U.S.$4.74, as compared with 9-U.S.6477, while the New York on London rate was quoted at £U.S.$4.74, as compared with U.S.$4.76%......
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph and Com- $11,000,000 Pany have received the following 8,655,000 Straits curreney quotations from 82,170,499 Singapore for Raw Rubber.
Spot 19% up 4. April-June 20% up 4. July-Sept. 21% up %. Market: Sellers reserved,
Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloydı Bank, Ltd.
Foreign Exchange and Banking of every discription trans-
actor
Current Accounts opened and Fixed Deposits receired for one shorter periods at rates which will be quoted on application.
for hire.
JEA OF NEW YORK STOCK
EXCHANGE
Safe Deposit Boxen (various sixes)
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST ! To Safeguard Your Valuables and Jewelleries,
Deposit them in a Vanit
that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF 1
Reuter Quotations
March 13. The following quotations from Now York have been received by Router.
Last close 10.15-11.00 N.Y./London -4.78% 4.74% 4.74% N.Y. Colton
11.22 11.15
11.22 July
.10.90 10.85 10.87 Oct.
OUR SAFE DEPOSIT VAULT Socated on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im C. Corn May
W. Wheat May 63 portant qualitiek, “
LOCAL SHARES.
TO QUOTATIONS
The following is the Hat of local share quotations issued to-day---
Banks.
H.K. Bank $1325 n. H.K. Bank (London) £180 n. Chartered Bank $151⁄4 n.
Mercantile Bank A. & B. $811⁄4 D. Mercantile Bank C. $18 n. Bank of East Asia 8854 D.. Am: O. Finance Corp., Sh.$20 -n. China O. Fin. Ord., Sh. $1.80 n. China O. Fin. Pref 8h. $41⁄2 n.. Insurances.
Canton Inc. $260. n. Union Ins. $415.8. China Underwriters, $11⁄2 n. China Fire Ins. $490 - H.K. Fire Ins. $225 sa. International Assoo. Sh. $5 n. Shipping
Douglasés $391⁄2 'n.. H.K. Steamboats, 67% 1 Indo-Chinas (Pref.), 880 1. Indo-Chinar (Def.), $38 n. Shella (Bearer) $48/11⁄2 n Union Waterboats $124 n.
* Mining, Antamoks 83 cts. n. Balatoes $43 n. Bagulo Gold 89 cts.... Benguet Consolidated $14 n. Benguet Exploration 15 cts. n. Benguet Goldfield 10 cta. n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 ets. n.
:
Gold Rivers 18 cts. b.
Ipo Mining $1% n. Itogans 42 cta. . Sulacots 16 cts, n.
Kailan (Single) Sh. $16/9 n. Langkats (Single) Sh. 15 n. S'hai Exploration Sh. $5 B. S'hai Lonas, Sh. $6 B. Raubs $5 să.
Apparently not a bit depressed by the news of Mary Pickforda divorce decree, Douglas Fairbanks poses with Lady Sylvia Ashley and a little winter sports enthusiast at St. Moritz, Switzerland. The film star was named co-respondent in Lord Ashley's divorce nuit, and.. friends of the couple expect them to marry soon:"
NEW ADVERTISEMENTS
LADY MARIA CHRISTINE CHATER-DECEASED.
LL CLAIMS against the Estate of the above named deceased must be sent to the undersigned forthwith.
DEACONS Solicitors, etc,
1, Des Voeux Rd. C., Hong Kong. March 18th, 1935.
COMMODITY PRICES
The following quotations bave' been received by Reuter..
New York, to-day..
New York Colton:-----
July
May
NEW YORK STOCK MARKET Chicago Corn-
Position Of Cotton Still Uncertain CONFIDENCE LACKING IN RUBBER FUTURES:
In their market report, Messrn. S. E. Levy nad Company, corres pondents for Messra. White Weld and Company New York state-
Stocks: After to-day's action bearishness was widespread, with an H.K. Wharves $1011⁄2. n. Cum ria increase in the volume of liquida
Providents (old), $1.20 n. Providents (new) 20 cta. n.. Hongkews, Sh. $309 n.' New Engineering Sh. $5 8. S'hal Docks, Sh. $120 n.
Cotton Mills.
N.Y. Rubber
July
11.85*
11.05
11.71
Venz; Goldfeld: $5 2.
Sept. .12.02
11.35
11.85
C. Wheat May 93%
03%
.Docks, etc.
July
88%
88%
7874
H.K. Dock $93⁄44 ́9.
83%
+
Pont Elec
Int Tel & Tel Loew's Inc
NX... Bloc Bend & Sh 4% General Motors 28
34
16
39
38% 164 16% 89%
344%
27%
J
8%%
344
34%
28 .6% 34%
Montgomery W. 22%
2214
23
N.Y Central
24% 12
26
25
12%
12%
Standard Oil-NJ 86%
80%
UB, Steel 29-20
36%%% + 29%
You may obtain a Safe Deposit STOCKS:- Box in this most up-to-date Vault for Amer Smelting 88% your own use at a very moderate Ren-Con Gos
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
Fixed Depout monivač for one your or eriar periots in vol and Vetaiga Curevadas :
and which will be quoted on application. Safe Deposit Dose To Let
MAN TONG FO,
Chist Manager.
THE BANK OF TAIWAN, LTD.
Head Office: Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1892.
Central Bank of Formosa, Notes
lanned Average amount Y.45,000,000
Branches and Agencies.
& SAVINGS BANK, LTD. Corner of Ice House Birost and Des Voeux Road, Central
THE AMERICAN EXPRESS COMPANY,
INC.
Head Office: 65, Broadway, New York
Amslercom
Japan-Kobe, Osaka, Tokyo, Yoko ty
โดยเม
Shoka,
Taily,
Alkon
Makong, Nanto,
Taicha, Tainan, Beni
Capital Surplus Revirves
.U.5.$6,000,000.00 2,087,112.69 1,996,628.31
BRANCHES:--
ice
The Hague
Homburg
Пато
Bethbay
Bran
Bras
Reidelberg Interlaken Jurusalem
Calmi Charte
London
Liverpart
Cannes Colombe
Zaserne
Lope/
Copenhagen
Dabil Plisborg Florence
Murie More
akrohemma
Montre
Takao, Trmaal, Toen, Karenko Bella.
Giran
Kagi, Canton, Foochow, Han-
China-Amoy
ków, Shanghai, Swatow,
Others:---Bombay, Hong Kong, London, New York, Singapore, Batavia,
Boerabaya, Dairen. Bamarang, Bog
Os and after April 20th, 1934, the zate of Interest on Special Carrent Deposit will be at 15% pa on daily balance and the rate for balands over $10,000 will be quoted on applicaties (Maximum rata-1).
Hong Kong Branch
Y. OHNO,
Gesam
Pirsede Paris Pipin Paleo Betterdam
Nat Distillers
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
19, Gracechurch Street, London, 2.01
£8,000,000 Subscribed Capital... 1,800,000 Paid-up Capital
Authorised Capital
Reserve Fund & Rest..
1,050,000
1,247,482
BANKERS, The Bask of Englandak Midland Bank,' Ltd.' BRANCHES:
New Tak
Bangkok Bombay
Ipoh Kandy
BUM DOW
Daibl
Kusa Taple
Raspoo
ALT
Bhaaghal
Πίστα Κουν
Kasatan (Fabang) Birale Hadras
Blagsport
Blowze
―
HONG KONG BRANCH
bepilon of Braking and Homoge bend-
- Travalliery Usagnes Útnek.
Trustee, and Executorships undery taken
INTEREST allowed on Current Loscunte un Fixed Depodle of Kotor that may kancerinized an application.
B. 1066.
Branches of American Express Com-1, Queen's Bend Contes). vany in Principal cities of United
Btates of America and Canada."
Manager.
1
3. Des Voeux Road, Central
Hong Kong, 12th June; 1934..
All classes of Commercial Banking THE CHINA & SOUTH SEA BANK Fransactions undertaken.
Personal investment accounta
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established 1830*
Capital (fully paid-up) Ten.109,000,000 Yen,126,800,000 Reserve Fund...................
Head Olles:-YOKOHAMA
Branches and Agencies at:
"Alexandria
Batavia
Berlin
Bombay
Calcutta
Nagasaki Nagoya
New York
Disks
Paria Pelping Dairen (Dalny) Rangoon Fengtien (Milan) Rio de Janeiro
Ban Hamburg
Frandsso Rankow
Seattle Semarang Bhanghai Singapor Boerabaya
Hong Kong
Honolala
Halaking
Tendon
Manila
Moji
Interest aliewod
Deposite received for
mates to be obtained
O
Kong, 11th March 1985%)
7:
The Company offera to intending Travellers the use of its "Travalaru
(Incorporated, in China) Head Omee...Shanghai Capital
Reservo
Branches
87,500,000.09 $1,500,000.00 an All Important Cities
in
and General Choques" and Letters of Credit andi Ferelan Trenkais. addition, the world-wide services Banding Business transacted. it thoroughly equipped Travel De Current and Saving Accounts opened partment.
and Fixed Deposits received for one year or shorter periods at rates, which
L, W. DUGGAN, will be quoted on application.
SOU Z CHANG,
Manager!
THE WING ON BANK, LTD. TONG XONG
Authorised., Capital $10,000,000.
Foreign Exchange and Basking Business of every description transact
Current Accounts opened, Specia Dappalte, received at special, zat Fixed Deposits received for one year or shorter perind at rates which will be quoted en application
Bafe Deposit Boxes (Tarions · size)
for hire,
HONG KONG BRANCH
24, Des Voeux Road, Central, Manager Omes James,Tel 25565 Foreign Exchange Dept. 83648 General Offca
88567
Cambler's Office
THE SHANGHAI COMMERCIAR &SAVINGS BANK” LIMITED (Incorporated in China Capital paid.
Reservi
Capital Reserv
Indust
and (dial rela
TULI SE KATONG
PHILIP GOOKCHIN
2 GOCKCHIN
A WR22 Chief Mannger
1*Assistant Manageraza
Ewo Cottons Sh. $8.70 s. S'hai Cotton (old)"$74°m/ S'hal Cottons (new) $45 n
Zoung Sings 'Sh. $9.80. n. Wing On Textiles, Sh. $55. n. H.K. Wharves rights $20 n. HK Wharves ex rights $99 n. Lands, Hotels, etc.
H.K. and S. Hotels $4.70 B H.K. Land $40 b., $41/40 sa..."
·H.K. Land 4% Debentures **102% n.
Shanghai, Landa Sh. $22 n.. Metropolitan Lands Sh. $12.20 n│ Humphreys $94 n.
H.K. Realties $5.10 mi
Asia Realties “A”, Sh. $100 n. Asia Realtles "B" Sh.$17 n. Chinese Estates $98 n. China Realties Sh. $9.60 n. China Debentures Sh.8128 m.
Public Utilities H.K. Tramways $18 b., $18.80/20
Peak Trams (old) 88% n. Peak Trams (new), $6 n. Star Ferries, $89 n.
Yaumati Ferries $22 1. C. Lights $9.95 b., $10 sa. KK. Electrics $89 b.
Macao Electrics $25.n. Sandakan Light 88 n.
Telephone (old) $23.70 b. ex. div. Telephone (new) $10 ex. div. a. China Buses Sh. $12.40 n. Singapore Traction 10/8 n.. Singapore Pref. 20/6-n,"
Malabon Sugat $84 n.
As per Industrials ⠀
Call: Macg. (Ord.), Sh. $16 n. Cald: Macg. (Pref.), Sh. $16 'n. Canton Ices $23⁄41⁄4@ m2
Cements converted $7.60 n. H.K. Ropes $3.80 m.
Stores, etc.
Dairy Farms $22 n. Watsons $3% nave Lane, Crawfords $3.75 n. Mackintosha, $21 m. Binceres $8 n
Wm. Powells, 70 ctu. n. Wing On (HK) $105 n.
Miscellaneous.
H.K. Amusements $1.85, 1 Entertainments, $71⁄2. m. B.C. Enterprises £1.35'n, t Hacao "Greyhounds," $3.2 Constructions (old) #1170_n. Construction (new) 50 cts. n. "Vibro _Piling $57% 15deg
Ch Govt 5% 1925 G3Bda
HK Govt. 4% Loan, 6% %)
LK GOVE 84% Loan 2% prem
Wallace Harpers $7
tion likely from this level.
How.
Latest Quotations
May
Mar. 11. Mar. 12.
11.06
11.00
11.14
11.05
11.15 11.09
October
10.77
10.76
December
10,87 10.78
January (1936):
10.84
10.85
Spot..
11.30
11.25
New York Rubber;-
March
11.66H
11.55
May
11.78 11.57
July
11.85 11.71
September October
12.02 11:88
12.08 11.94
December
12.25
12.09
Chicago Wheat;-
934%
984
July, September
88%
88%
88%
8834
79
794
July
75
75%
September
72%
78%
Winnipeg Wheat:-
B8%
8342
887%
Old New Old New
2.06 2.07 2.08 2.05
2.12 2.11 2.11 2.09
2.17 2.16 2.15 2.18
September
2.28 2.22 2.20 2.20
December
2.28 2.27 2.25 2.25
59.35
-584
New York Bilk:
March
1.2814
1.28
MAY
"1.28*
1.27%
Mar. 11 close. Change
July
1.27
1.264
Montreal Silver:
27.92 27.31 15.33. 15.03 05.40 94.99
55.82 36.49 10 Lending Stocks
.61 off
.30 off
March
59.85
59.00
41 off
May
59.98
59.85
*
July, 1924.
60.65
60.00
.83 off
September
61.00
61.05
.82%
b-bid,
164
40%
44
6%
20% CANADA'S TRADE
21%
24
12
29%
The following quotations have May July been received by Reuter.
Prev. To-day's New York Sugar:
alose clos
4.76% 4.74%
|N.Y./London,
cross-rate N.Y, Cotton-July... 11.15 N.Y. Rubber-July 11.85 Chicago Wheat-May 93% Chicago Corn-July 70
58% Montreal Silvor-May 69.98 Silver Official
Dow Jones, Averages SMART10-day's
March 11.09 May...
13.71 July 93%4 7914
ever, we would be watchful for a 30 Industrials 09.89 97.66 1.73 off
20 Ralls temporary selling climax shortly, 20 Ulities Business done:-1,050,000 shares, 40 Bonds
Grains: The liquidating pressure 11 Commodity
on wheat is about spent, and the Index purchase of new crop wheat is be coming, more attractive on further Amer Smelting
Auburn breaks. The erop scare period in I. Case near at hand. Total sales:-Wheat: Elez Bord & Share 28,629,000 bushels, Corn: 16,397,000 General Motors Int Tel & Tel: bushels.
Montgomery Ward "Cotton: Sentiment remained on Nat Distillers settled. Reassuring statements NY. Central from Washington were disregarded. U.S. Steel Trade buying is increasing, while outside interests are still skeptical.
"Rubber: Although the Actual market was steadier; Futures were keenly feeling the lack of speculative confidence. Improved technical posi- tions are making the commodity markets more sensitive to any favourable news."-Router.
E. A. Pierce And Co.'s Report In their market report, the American Oriental Finance Cor- poration, correspondents
for
Business Dono:-1,050,000 shares.
KWANGTUNE'S
CANADIAN
TIMBER
WITH JAPAN
Improvement During
Past Year
IMPORTS FROM: HONG KONG ALSO INCREASE
y Ottawa, Canada, One of the features of Canada's
Nearly One Half Comes trading during the calendar year
Source
From This
Ottawa, Canada,
1984 was the increase of trade, both Import and export, with Japan.
According to a report issued by
Kwangtung "is a very large im- the Dominion Bureau of Statistics, Mesara. E. A. Pierce and Company porter of Canadian Umber. Canada Canada Increased its purchases of of New York state:
provided during 1984 about 46 per Japanese goods from G#8,129,000 fr "Stocks: The atmosphere is still cent., or nearly one half, of the 1938 to G$4,425,000 in 1984. Cana- dian exports to Japan also showed murky and liquidation continued. timber imports of the province.
The weakness of Foreign Exchanges Imports from Canada into Kwanga large increase.
In the same period China bought. and some commodities was unset-tung cover a wide variety of pro- tling to sentiment.
ducts. Total imports from Canada less from Canada, bat a slight in "Grains: The wheat and corn mar for the first six months of 1984, crease was shown in the volume of
percent. Canada's imports from that coun kets were both erratic, moving with were approximately 56 per
in a narrow range. Liverpool closed above the same period of 1988; try; the figures being G$2,167,000/
exports of Kwangtang, to in 1988 and G82,825,000 in 1984. steady, while Cash houses were while buyers for May wheat late in the Canada, mainly composed of ground Imports from Hong Kong increased session. Country offerings of corn nuts, was practically tripled during from G$618,000 in 1983 to G$648,00
In 1984-Reuter. were small, but the basis was firmer. the period.Router.
The trade is watching the cotton and stock marketa and the monetary situation.
"Cotton: Nervous conditions con tinue to prevail, but the Trade was buying more cotton at lower price levels and liquidation was much Ughter.
"Rubber: The market ruled) steady after a weak opening. due) principally to beavy buying by (Continued on Page 7).
Is It Insured?
Eoranca All Classca LOWEST RATES American Asiatic Underwriters
Fedno, USA, General Agents
S. E. Levy & Co.
MENABRA
7, TOK HOUER STREET
(FRATMENT-BANKEEN AMBROKERS
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. NE, CHICAGO BOARD OF TRADE CANADIAN COMSTODITY: EXCHANGE,
CORRESPONDENTS