BANKS.
HONG KONG AND SHANGHAI BANKING CORPORATION'
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Jacorporated by Royal Charter, 1853.
THE CHINA WAIL, TUESDAY, MARCH 19, 1935
Commerce and
Finance
HEAD OFFICE: LONDON MANCHESTER WEEKLY
48,000,000 *S £8,000,000
Agencies and.. Branches:
Authorised Capital
Issued and Fully. Paid-up. Reserve Funds;--
$50,000,000 20,000,000
Sterling .....£6,500,000 Silver .... $10,000,000 Reserve Liability of Pro-
prietors
Paid-up Capital
20,000,00%
Reserve Fund
Reserve Liability of Pro-
prietors
£9,000,000
Alpe Slee
Felin.
Fangoon
Arribese
Bangkok
Ipak Esruckl
Saigon
Femarang
Balayin
Kloog
Beremban
Пост
Calentia
Terla
Cat
Lato pur
ca
Cawnpore
Euching
Madeau
Colombe
Manila
Tiesiels
G. Miskin Esq., T. E. Pearce Esq.,
Tongkah
Halphen
York
Hambur
Palping
Bankow
(Poking)
Yokohama
Call Manor,
Farben
Topang
"Zamboangs
BEAD OFFICE: BONOKONO. DUARD OF DIRECTORS.
8, 11. Dosiwill.. Ep
Chairman.
U. Knight Kg.
Desiaty Chairs,
W. II. Bell, Esq. K. S. Morrison Esq.
Hon. Mr. J. J. Paterson, Hon. Mr. C. G. S. Mackie,
Y. M. Gayları, Xaq.
A. II. Compton Esq..
AMOT
WARDEDE
BATAVIA
WOMBAY BÁLKUTYA CANTON СВЕРОВ COLOMBO
DARKK
MODHOW WAIPHONG
HAMBER
MAKKOW
RIDEVAL
BONGREW
TIANO DPOST
MIDBE
KOMR
IOWLOON
BIANCU26
KUALA LUMPER
LONDON.
YONA
MALACCA
RANILA
MAH (Johor)
MUKDEN
NEW YORK
PEIPINO
PENAKO
RANGOON
BAIGON
VAN FRANCISCO
ЕПАКОНАТ
RINDATORE
FORNADAYA
RUNGKI FATAXI
TIENTBIN
TORYO
TRINGTAO YOKOHAMA
Grant Accuate opened is Lcoal Currency Vizes Deposit received for on year or ekertar parlude in Local Company and Berling war while will be quoted an application. Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
The Business of ike shers Bet la condwat aybe HONG KONG AND BHANGIAT Rules may be VASSING CORPORATION, sbates of Applisation.
TON TIRE HONG KONG AND SHANQUAJ ANKING CORPORATION
V. M. GRAYBURN,
Chief Hans24.
Hong Kong, 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Aikurid Capila $10,000,000.00 Pull-up Capital ...
Hoor Long
Shangbal Singapore
Bourabaya Talping
Foreign Derbangs' and 'Oznorai Banking bantuans Trazosated.
MARKET REPORT
Values Show Slightly Bullish Tendency
CHINA POSITION REMAINS UNSATISFACTORY
Messrs. James F. Hutton and Co., Ltd. report, on, February, 14:-
The ger
general tone of the market Current Assoente opsost, and Final Depo has again been steady and prices mcalvador own zone or shorise"perfoda si ratai:
ahow little alteration from a week which will be quoted on applicaáfan,
A. BREARLEY.
Manager. ago. Recent developments in the
Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Safeguard Your Valuables
"and Jewelleries." Deposit them in a Vanit that is really: FIRE - PROOF
BURGLAR-PROOF DAMP-PROOF !
political situation, and in the Lon- don Commodity markets, are rather unsettling, and, traders generally appear to be waiting.
It is reported that more rain fell In the South West and in the Missis sippi Valley, but more moisture" is needed in the extreme, Western nections of the Belt.
It is interesting to note that ac cording' to one, estimate the con- OUR SAFE DEPOSIT VAULT sumption of textile fibres-cotton, kocated on the Mezzanine Floor of wool, silk, rayon-in 1984 fel! 18 Our New buliding in Specially Con- stracted to provide all of these Imper cent. below that for the Calen-
dar Year 1938. portant Qualities,
You may obtain Safe Deposit Box in this most up-to-dale Vault for your own use at a very moderate Rep. tul
Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux fond, Central
wers and Undiride? Proble 2,634,000.00 THE BANK OF CANTON,
14 Ko
HEAD OFFICE:=TIONO TONO
11. Te Vas Road Contr
BOARD OF HIRVOTOKK1—
Bir So Clu, Chairm
Chura. P. Kwok, Key., WORK
Tas Tang. Faq. Chan Ching Shek, Esq., Ld Tan
Baza Bag, Wong Chu San, Bay, and Kas Ties P. Reg.
رم
Kan Tong Po, Biz Chlef Manager.
Tes Young. . Manager.
AND AGENCIES:-*
BRANCHES AND.
Leila Melbo
Nagu-l
Now dock
Dank
Prin
Priping
Parnas
Em Cila Белагад
Singapore Goursheys BWAY Mydver
Вид
Kankor Прескія
Talboku
Rangoon
Kevicon Loodan
Баром
Tokyo
Bab Frandeng
Tandos Ter
Tekchame
Established 1912.
Head Ofen: Hong Kong,
Authorised. Capital
Paid-up Capital
4
Hoper Of Improvement
Opinions differ greatly about the future course of values but the : majority are inclined to a slightly
bullish tendency.
A good deal of price checking, and tentalivé offering has been going on this last few weeks, but bookings.
LTD. Generally speaking stocks, in most all round remain disappointing.
of the markets must be running low, and replacements will probably have to be at increased rates.
$11,000,000 8,655,000 82.170.492
A few low offers for choaties Thave been under consideration for Branches: Canton, Tolshan, Shanghai, Calcutta, and Madras. For Amrit
Total Resources Ti
| Hankow,_Bangkok & San Francisco. sar odd lots of voiles and fancies. London Bankers: Lloyds Bank, Ltd, have been sold together with light
Foreign Exchange and Banking business of every discription trans-bleaching styles for Karachi. Some acted..
enquiry for dyed and printed styles Current Accounts opened and Fixed has been reported for both Bombay Deposits recefred for
one year of and the up-country outlets. shortér perioda ab-rates which will be quoted on application.
Safe Deposit Boxes (variona alxes) for hire.
LOOK POONG SHAR,
Chief Manager
Erary Lonerspion of Banking and Exoboogs belga trebased. Loun granted en approved)..
curls.
Onnea route open la Lol form 244 Fixed Depozite received for one year of sherlar perils in Local and Foral Currencias
Leemakoh will be quoted on application. Bale Deposit Boxes To Lal
KAN TONG ra,
Chief Manage,
THE BANK OF TAIWAN, LTD.
Head Office:Talhoku, ForMOSA, Incorporated in Japan by Special
- Imperial Charter, 1899. Central Bank of Formosa, Notes
inued Average amount Y.45,000,000
Branches and Agencies. Japan:-Kobe, Oakka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kari, Hello, Giran.
China: Amoy Canton, Fooshow, Han-
kow, Shanghal, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairen.
Or and after April 20th, 1984, 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-1).
T. OHNO
Manager,
Hong Kong Branch
8, Des Voeux Road, Central.
Other Foreign Markets |
The position In China remains very unantisfactory.. A small gen- jeral enquiry has been received from Shanghal for poplins and fancles, but little actual business has gone
THE AMERICAN EXPRESS COMPANY, through.
INC.
Head Office:-85, Broadway, New York
Capital
Surplis
Reserves
Amsterdata
Antwery
Athang
Am
Bordla
Bombay
Bremen
Brunele
Oxira
Салам Colomba Copenhag Dublin Painburgh Floren GELSYS
མས་ཆ་
U.8.$6,000,000.00 2,087,112.49 1,995,328.81
BRANCHES:-
Дяков BAW
The liagde Ravens Hamburg ΠΟΤΕΣ Reidelberg Interlaken Зерновія 1.4bdos Tiverpool Lacerda Lagane
Marelli
Milan
WIN
Naples
Pireau
Polpla Palermo
Arda Rema Sigh
Rangoon has booked both Ano cambrics and voiles, whilst there has been a limited demand from Colombo for both white and grey shirtings.
Egypt and the Near Eastern cen- tres remain quiet but a better trade has been done in high class prints and fancies for West Africa.
The general Improvement in South African business has been maintained, and some nice lines of drills and dress fabrics have been: sold.
South American demand tends to Adhampics expand although in the majority of
cases offers need improvement.
Bingaporn Tantals Taormina
Monte Karla
Karila
Munich
Vinico Yolobama Zurich
Montreux
Branches of American Express Com- Dany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Fransactions. undertaken.
Person&l
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established 1880.
investment accounta
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office...Shanghal Capital
· Restye Branches
Foreign
.$7,500,000.00 ..$1,500,000.00
.All Important Gities in China AMA Exchange
and General Banking Business transacted.
Current and Saving Accounts opened The Company offers to intending and Fixed Deposits received for one Travellers the use of its Travelers ear or shorter periods at rates which Cheques and Letters of Credit and will be quoted on application:
Capital (fully paid-up) Yen.100,000,000 Reserve Fund... Yeb.125,800,000 its thoroughly equipped Travel De
Head Offen-YOKOHAMA
Branches und Agencies at:
Alexandrin
Batavia
Dairen (Dalny)
Nagasaki Nagoya New York
Osaka
Rangoon
(Mukden} - Rio de Janeiro,
Hankow Harbin
Bong Hone Heinking Karachi
Henglata
Kobe
London
Los Angeles
Manila
Molto
SanFranciaco Sextile Semarang Shanghai
Singapor
Boerabaya Bydney: Tiantain Tokyo Taingtan Yingkow
Interest allowed, on Current
· Deposite-ruozfvad for stad
In addition, the world-wide services
[partment.
E. W. DUGGAN, T
Manager,
THE WING ON BANK; LTD, HONG KONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Basiness of every description transact-
-- Current Accounts 2.
* opened,¦ Special Deposits received at special rates, and Fixed Deposits received for ODS THAT or shorter period at rates which will be quoted on application
Boxes
(various - mizen)
Safe Deposit Ae-for-hire PHILIP GOCKCHIN
Chief. Manager
sà rươka to be obtained on application. L-GOCKCHINE
G. KISHINAMI,
S7 Assistant Manager
LI SHU FONG
KODE 17th March, 1085
SOU Z. CHANG,
kita Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office Av...Tal 28568 Foreign Exchange Dept. General Office Cashier's Once
88660
23667 31669
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED 2. (Incorporated in China) Capital paid up ... Reserves IVA Capital Savings Dept. $800 Reserve Bavings Dept
$8,000,000.
Head Offer÷÷8%aa/
A Bank having na šta Industrial development and the fostering of 'cial relations abroad
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of local share quotations issued to-day :-
Banks.
H.K. Hank $1300 b: H.K. Bank (London) 150 Chartered Bank $153⁄41⁄4 a bat Mercantile Bank A. & B. 81% Mercantile Bank C, £181⁄2 n. Bank of East Asia $851⁄2 n. Am: 0. Finance Corp., Sh.$20 China O. Fin. Ord, Sh. $1.80 n. China O. Fin. Prof Sh. $435 n.
Insurances.
Canton Inc. $260, n.` Union Ine. 4415 b., $417 sa. China Underwriters 81% n. China Fire Ins. $490 n. H.K. Fire Ins. $220 b... International- Assce. Sh. $5
Shipping.
Douglages $39% n.. H.K. Steamboats, 87% n... Indo-Chlúas (Praf.), $80 n. Indo-Chinas (Def.), $88 m. Shells (Bearer) $47/3 n. Union Waterboats $123% .
Mining,
Antamoks 88 cts. . Balatoes 848 n.
Baguio Gold 89 cts. n. Benguet Consolidated $14 ni Benguet Exploration 15 cts, D. Benguet Goldfeld 10 cts. n. Big Wedgs, 10 ctx. n. Gold Creek 88%1⁄2 cta, ni. Gold Rivers 17 cts. sa. Ipo Mining $1. Itogans 42 cts. ni. Salacots 16, eta, n Kailan (Single) Sh. 15/ Langkata (Single) Sh. $15 n. S'hai Exploration Sh. #5 n. S'hai Loans, Sh. $6.n. Raube $51/6 Ex. div, sa. Venz; Golddeld $5 n.
Docks, etc.
H.K. Wharves $101
n
NEW YORK STOCK
EXCHANGE
No Hope Of Further Rally At Present
SPECULATIVE SENTIMENT KEPT IN CHECK
In their market report, Mesura. 18. E. Levy and Company, corres- pondents for Messrs. White Weld and Company New York state:
"Stocki → Week-end, naws ·dia- pelled any hopes of the continua. tion of the modest rallying tenden- cles in evidence at the close of last week. The same uncertain- ties as previously mentioned in our cables continue to weigh
X heavily on speculative sentiment
However, there was no general weakness, and the light volume of trading to-day is possibly encour [aging. Business done-690,000
shares
"Grains: The markets lacked buying power and the rallies" are likely to prove shortlived. Total sales:Wheat: -12,308,000 bushels, Corn: 8,268,000 bushels..
fContinued on Page 10)
COMMODITY PRICES
The following quotations have been received by Reuter. New York Colton:-
Mar. 17. Mar, 18.
THURSDAY TO SATURDAY
at the
NEW ADVERTISEMENTS
ALHAMBRA INSTITUTION OF ENGINEERS
and continue from SUNDAY at the
CENTRAL
THEBOÔK THAKALE THE WORLD TREMBLE This Great Wanae dio - pl taal
KAY
FRANCIS
LESLIE
HOWARD
BRITISH AGENT
March
-10.84
10.29
May
10.01
10.35
July
10.96
10.45
October
10.53. 10.07
December.
10.55 10.12
IN
January (1986),
10.60
10.16
Spot
11.20
10.65
New York Rubber:-
March
11.08b 10.62
May
11.10 : 10.65
July
11.25 10.78
September
11.40 10.95
October
11.46
11.02
December
11.65
11.18
Chicago Wheat:---
..
May.
921⁄4
91.
July
89%
882
n. Cum rts. September .... 89%
883%
Chicago Corn:
May.....
7736
76%
July
78%
-721⁄2
American Asiatic Underwriters
September
*70*4
70
|Winnipeg Whest:-
May July
··83%
82%
Head Office
8284
8234
New York Bugar:-
17, The Band Shanghai
March MBY
July
Sept.
[Dec.
H.K. Dock $94 89 Providents (old), $1.20 n. Providents (new) 20 ets. n. Hongkows, 8h, $809 h.2 New Engineering Sh. $5 s. S'hal Docks, Sh. $120 n.
Cotton Mills, Ewo Cottons. Sh. $825, S'hai Cotton (old) $74 n. S'hai Cottons (new) $45 n. Zoong Sings Sh. $9.80 m.. Wing On Textiles, Sh. $55 m. H.K. Wharves rights #20 1. H.K. Wharves ex rights $98 n.
Lands, Hotels, etc. H.K. and S. Hotel $4.70 s, H.K. Land $40, n. **
Old New Old: · ‚„New 2.06b 2.05b 2,13b 2.08b| 211 2.10 2.14: 2.14 2.17 2.17 2.21 · 2.20 2.22 2,22 2.26 2.25. 2.28 2.27 2.32 2.80-
H.K. Land 4% Debentures New York Silk:~~~
102% n.
March
Shanghai Länds Sh.4201⁄2 n. Metropolitan Lands Sh. $12.20 Humphreys 191⁄2 n...
May
m.
July
Montreal Silver:--- March
H.K. Realties $5.10 m. Asia Realtles "A", 8h. $100 z. Asia Realtles. "B" Sh. $15 .. Chinese Estates $98-n. China Realties Sh, $9.60 n. China Debentures Sh.$128 n.
Public Utilities H.K. Tramwaya 318 s. and n. Peak Trams (old) $8 n. Peak Trams (new), $5 B.
Star Ferries $89 n.. Yaumat! Ferries $22 n.
C. Lights $9.60 by $9.60 82, H.K. Electrics $65% 8, $65%1⁄2/6|
sa.J
Macao Electrics $25.n. Sandakan Light 8 E. Telephone (old) "$24 n. Telephone (new) $10 n. China Buses Sh. #1840 n.. Singapore Traction 10/8 n.. Singapore Pref.: 20/6.n,
Industriais Malabon Sugar $811⁄2 D.--. Cald: Macg. (Ord.), Sh: $18 n. Cald: Mack. (Pref.), Sh. $16 n. Canton Ices $23 m. Cements converted $7.80 s. ILK. Ropes $8.65 m.
*Stores, etc.- Dairy Farmis $19% n. Watsons $84 a Lane, Crawfords $8.75′′n. Mackintoshs, $21 m. : Sincares #8 n
· Wm. Powells, 70 cfsan, da Wing On (H.K.) $105 m. Mark Miscellaneous, ⠀⠀
H.K. Amusements $1.85.n. Entertainments. #7. ma 8.0. Enterprises $1.35 n... Macao "Greyhounds," $2 n. Constructions (old) $1.70 n. Construction (new) 50\ cta, n Vibro Piling $57 Ch.. Govt. 5% 925 G#B41~
H.K. Govt 4% Loan, 64% prem.
ILK Govt 82% Loan 2% pran
Wallace Harpers, 37
May July
September
New York Metals:
Copper, March
Tin March
b-bid..
1.28! 1.27% 1.26% 1,262
·1.2014 1.255
59.75. 59.75 59.56 59.75.. 60,85 60,50 61.20 €0.90
Mar. 14. Mar. 18,
5,92 6.78 10.60 45.60
Reuter.
LOCAL DOLLAR IMPROVES
Silver Prices Advance
The local dollar has, advanced , opening on demand this morn- ing at 1/11%.
Spot allver, improved 4, being quoted at 27%, while, forward sil- ver advanced 8/16, being quoted at 27-7/16.04
}: The London on New York cross- rate was quoted at £—U.S.$4.751⁄44, as compared with US$4.79, while the New York on London rate was quoted at: £ U.S.$4.76%, as compared with £--U.S.84.80%.
[RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs, H., B. Joseph and Com- pany have received the following Strafts - currency quotations from Singapore for Raw Rubber.........
Spot: 17 down 1 cent. April-June-18 down 1
Cent
down
Is It Insured?
Insurance - All - Classes
LOWEST RATES.
Fed." Inc., USIAI |
· Genera): Agenta
B.K. Office
Asia Lifa Building
TeL 30234
►◄ Bring Your PRINTINGĮ Problems to US-
THE NEWSPAPER ENTERPRISE LTD.
Diamonds
"BOUGHT, AND SOLD ¿LOANS 'GRANTED Valuations free of charge.
AND SHIPBUILDERS OF
HONG KONG ."
EMBERS are reminded that
M the ANNUAL DINNER of
Institution will be held in the Rooms on Friday, 22nd. March 1985 ot 8 o'clock p.m. :
Dress-Dinner Jacket.
'J. P: A.DAVIS,
Hon. Secretary,
PUBLIC AUCTION
TRE
HE undersigned have received instructions from M. J. Quish Esq. to sell by Public Auction
Thursday, the 21st March, 1935 commencing at 10 a.m.
at No. 548, The Peak
A Quantity of Beautiful Plants and Palms in pots, Garden Tools etc., etc.
On View from Wednesday the 20th, March, 1935.
Terms: Cash on delivery.
'LAMMERT DROS,
Auctioneers.
Hong Kong, March 19;: 1935.
XEXEIXE=XXARXE
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 Building
Hour Long
Tel. 302
Gold Articles
BROKEN OR USELESSÄ (rings, brooches, bracelets; watches,
· dental-plates, medals, trinkets, cuf-» links,' cigarette cases, pursss, vote.) HOUGHT AT HIGHEST PRICES,
M. BERAHA - Diamond and Gold Merchant Asia Life Building 14, Queen's Road Central.
S. E. Levy & Co.
7. ICH HOUSE. STREET
INVESTMENT BANKERS & BROKERS.
MEMBERS
NEW YORK COTTON EXCHANGE
COMOJODITY EXCHANGE, ING.
CHICAGO_BOARD OF TRADI.......... CANADIAN COMMODITY EXCHANGE, IND
VREESPONDENTS' FOR