BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & 'CHINA.
20,000,000 Incorporated by Royal Charter, 1833.
HONG KONG AND SHANGHAI BANKING CORPORATION Authorized Capital. $50,000,000 Issued and Fully Paid-up. Reserve Funds:-
Sterling
6,500,000 Silver........ $10,000,000 Reserve Liability of Pro-
MEAD OFFICE, KONGKONG, BUAHD, OP DIRÉCIONS.
HEAD OFFICE: LONDON
Paid-up Capital 20,000,00 Reserve Find
Reserve Liability of Pro-
prietors
$2,000,000 .£8,000,000
£3,000,000
pfletora
*, H. Dealwell. Esq.
*Chairman,
C. A, Ridgħi, E.
Deputy Chairman
W. H. Bell, E, K. S. Morrison Eng.,
A. 11. Compton Es
Hon. Mr. J. J. Paterson,
Hon. Mr. C. G. S. Mackle,
ANDY
Alor Braz Amrital Bangkok
! Belaria
Homlay
Agencies and Branches:
Spok Karch
Kobe
Rangoon Saigon Bemarang Bertaba *hanghai fin topon
Colectia
Canlex
Lumpur
Sila
Cabu Colorate
Campoes
Kuching
Хомгану
Kadr
Taiping
Mazlla
Tento
m
Haw Tork
Jungsak
(Date)
Pulping
14
(Peking)
Dall T. E. Peares Esq.,
BANGKUR
BATAVIA BOMBAY CALCUTTA
LYDNE
MANILA
G. Miskin, Esq.,
V. M. Graybar, keq.
Chief 'Manager.
BRANCHING:-
KUALA LUMPUR LONDON
MALACCA
CANTUN CHEFU COLOMBO DAIREN 7UOCHOW
MGAR (Joberei
NEW YORK
RAIPHONG
LAMBCHO
MANKOW
IKUIN
NOCER
110
1
<OB
TEWECON
PLINING
PENAKO
BANON.
FAIGON
HAN FRANCISCO
SHANGHA
SINGAPORE
HARATA
SENIE PATANI
TENTOTH
TURYO
THIRUTAO
YOKOHAMA
tast áccounts spared in 300 Currancy Pita Deposite Faceived due pun, TURC OF 11142 patiode is 1.oal Company and Starling
irror which will equated on applications Bong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
• Sales of the spots at condens by S HONG KONG AND SHANGHAI 1ING CORPORATION.
sted of application.
Hula may be
THE HONO RONG AND HANOIAI KING CORPORATION
P. M. QAYNURN,
Chal Manip Hong Kong, 25th February, 1936.
THE BANK OF EAST ASIA,. LTD.
Aniborized Capital Paid-up Capital
$19,000,006,00
Bore and Undead Pro F3,454,900.00
Low
HEAD OFFICE-HONG KONG
12 Dee Van Road Catal
ARD OF DIRECTORS)---
1. Shouton Chow, Chairman.
Yokohama Zamboangs!
Hamburg
Hubs Tour Xem
Foreign Exchange and General Banking buic teanlastad.
Current Accounts, opanad and Fixed Deposita recelead for on year or shorlar parlade al rei which will be quoted-on appliraison.
A. BREARLEY.
Manager. Hong Kong, lat. January, 1935.
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries.
Deposit them in a Vault
that is really: FIRE PROOF BURGLAR-PROOF · DAMP PROOF 1.
OUR SAFE DEPOSIT VAULT
THE CHINA-MAIL, FRIDAY, MARCH 22, 1935
Commerce and
Finance.
LOCAL DOLLAR ADVANCES
Silver Prices Improve The local dollar advanced opening on demand this morning at 1/114.
Spot and forward silver prices also improved, being quoted at 27-8/16 and 27-5/16, respectively.
The London on New York cross- rate was quoted at £-U.S.$1.76, as compared with U.S.34.76%, while the New York on London rate was quoted at £-~U.S.$4.761⁄4, as compared with £-U.S.$4.763⁄4-
NEW YORK STOCK EXCHANGE
Reuter Quotations
March 24: The following quotations from New York have been received by Reuter
Last.
10.15* 11.00
4.58 4.7674 4.76
10.79
30.74 10.75 10.40 10,38 10.34
NY/London IN.Y. Cotton
July
located on the Mezzanine Floor of Our New building is Specially Con- Oct. structed to provide all of these Im-NY. Rubber portant Qualities.
July
4.
#G[P
You may obtain a Safe Deposit Sept. Box in this most up-to-date Vault for [C. Whent May 93% your own use at a very moderate Ran-⠀⠀ July {ial.
C Eq. T. 1. Iwck, Ing. WODK.
Tas Tou. Lay hen Ching Ekah. Zaqa
32. Rad.. Wour th. Foo, Fay, and a
Pay Zag
In Tong Tu Esq. Chief MasaJEP. LT For Cod, Manager</
BRANCHES AND AGENC128
busty
Bila
Bombe
Saski
New York
E
Bestila நிசகைகமதி
Singapore Scubapa
phang
Pa
1
Будват Taibola
Геявод
Kale
Rangoon
Thantin
Keskuse
Saigon
Lea
Fon Fraunho
Tokyo
Yokohame
Brat description at Bakland Exchange bel racected. Losor granted us appromd securities.
Catrant Account med i Leral Curzono
Pine Beposite molved for us skorter priods, Is Loral and Foralga Currencias
rm which it be quod om splitom.
KAN TONG Fo,
Chief Manage.
Bale Thepeal De Te Zel
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and
Des Voeux Road, Central..
.91%
C. Corn May 18%
W. Wheat May 84- STOCKS:
LOCAL SHARES.
TO-DAY'S QUOTATION »
The following is the list of local share quotations issued to-day?—
Banks...
H.K. Bank $1305 ao.
Chartered Bank £15 n Mercantile Bank A. & B. $814 Mercantile Bank C. #1834 a Bank of East Asia $857 1. Am: 0. Finance Corp., Sh.320 China O. Fin. Ord., Sh. $1.80 n. China O. Fin, Préf Sh. $44 m.
· Insurances. Canton Inc. $260 n. Union Ina. $415 b. China Underwriters $11⁄2 . China Fire Ins, $400 n.. H.K. Fire Ins. $220 n. International Assce, Sh. $5.
Shipping.
n
NEW YORK STOCK
EXCHANGE
Buying Of Utilities
Begins Again
RUBBER PRICES LOOK LIKE GOING' LOWER
In their market report, Mesara.
S. E Levy, and Company, corres-
MANCHESTER WEEKLY MARKET REPORT
Gold Clause Verdict Effects
CHINESE TRADE ENTIRELY
AT A STANDSTILL
Messrs. James F. Hutton and Co,
NEW ADVERTISEMENTS
THE HONG KONG AND SHANGHAI HOTELS,
LIMITED.
(Incorporated T Hong Kong)
TOTICE IS HEREBY GIVEN
NOTI
that the Ordinary Yearly Meeting of Shareholders of the Hong Kong and Shanghal Hotels pondents for Mesars. White Weld Ltd. report, on February 20, na Limited, will be held at the Regis- and Company New York atatci- Ifollows:
tered, Office of the Company (Ex- "Stocks: The growing evidence of
The advance in raw cotton rates change Building. Des Voeux Road opposition to destructive legislation that has followed the Gold Clause day, the 25th day of April, 1935, Central, Hong Kong), on Thurs-
is becoming more effective and
H.K. Bank (London) £1284 n. brought buying of utility issues to decision in the United States courts at 11.30 a.m., for the purpose of day, which reversed the trend of has brought about a vastly increased receiving a Statement of Accounts the entire market though the enquiry for prices, but most of this and the Report of the Board "of strength is considered to be largely is regarded as price-testing, and is Directors for the year ended on technical. It is too early to predict not expected to lead to any substan- the 31st December, 1934, confirm
ling the appointment of two Direc- n.the eventual outcome of the Utility
Bill, and we would caution against tial increase in business for either tore. and re-electing a Director buying on the strength of the mar-cloth or yarn just yet.
and the Auditors. ket, but we believe that chances are in favour of further moderate ad- vances. Business done:-890,000 shares.
"Grains: Crop damage claims are cover cost of production, but the elusive. appearing earlier than usual. Ad-general opinion is that when the verse weather reports are now more market has settled down, now that important, on account of previous drought conditions. We favour pur- chases of wheat and corn backs for trading profits. Total sales: Wheat: 19,062,000 bushels, Corn: 8,925,000 bushels.
D.
Douglases $39% n. H.K. Steamboats, $7 Indo-Chinas (Pref.), $30 n. Indo-Chinas (Dof.), $38 a.. Shells (Bearer) $46/10% n. Union Waterboats $121⁄2 n.
Mining.
Antamoks 84/95 cts. 8.
11.24 11:30 11.0. 1138 11.25
11.17
Balatoes $43 n.
DSL
Baguio Gold 89 cts: n
914
Benguet Consolidated $14 n.
Benguet Exploration 15 ets.
n.
8414
Benguet Goldfield' 10 ets, m.
Amer Smelting-
Con Gas N.Y, 17 Du Pont
175% 174
Big Wedge, 10 eta . Gold Creek 381⁄2 cta. n.
87%
87%
Cold Rivers 17 cts. n
Elec Bond & Sh 4%
44
General Motors 28-
273%
27%
Ipo Mining $13⁄4 n.
Int Tel & Tel. 6
5
5%
Itogans 42 cts. n.
Salacots 16 cts. n.
Montgomery W. 23%
231⁄2
234:
Kailan (Single) 16/-fi.
Head Office: Hong Kong.
Nat Distillers NY. Central
264 12 M
271
27
12%
12
Langkats (Single) Sh. $15 2.
Standard Oil NJ 375-
37%
S'hai Exploration Sh. $5 n.
$11,000,000 U.S. Steel
271
2741
2774
Paid-up Capital
8,655,000 32,170,497
S'hat Loans, Sh. $6 n.. Raube $5.15 n.
THE BANK OF CANTON, LTD. Loew's Inc 3414
Established 1912.
Authorised Capital
Tote Resources
Branches: Canton, Tolahan, Shanghai, RAW RUBBER PRICES
Hankow, Bangkok & San Francisco,
London Bankers: Lloyds Bank, Ltd., Latest Quotations From
Foreign Exchange and Banking business of every discription trans- acted.
Current Accounts opened and Fixed ji- Deposita received for one year or
Singapore
Messrs. H. B. Joseph and Com-
shorter periods at rates which will be pany have received the following quoted on application.
Safe Deposit Boxes (various skes) Straits currency quotations from
fer, hire.
LOOK POONG SHAN,
THE
Chief Manager
AMERICAN EXPRESS COMPANY,
INC.
Head Offee:-65, Broadway, New York
Singapore for Raw Rubber.
Spot 174 down. April-June 18% down %. July-Sept. 19 down %. Oct.-Dec. 20%.
Market: Uncertain.
Selling prices 14 cent higher on all positions.
Venz; Goldfield $5 n. Docks, etc.
II.K. Wharves $98, s. Cum rts. H.K. Dock 1934 n. th Providents (old), 81.20.n. Providents (new) 26 ets. n. Hongkews, Sh. $309 m. New Engineering Sh. 85 s. S'hai Docks, Sh: $120 n.
Cotton Mills. · · Ewo Cottone Sh; $8.30 s. S'hai Cotton (old) $74 n. S'hal Cottons (new) $45' n. Zoong Sings Sh. $9.30 h. Wing On Textiles. Sh. $55 a. IK. Wharves right.$13 s. H.K. Wharves ex rights 307-8. Lands, Hotels. etc. H.K. and S. Hotel $4.40 8. H.K. Landa $40 n. H.K. Land 4%
It appears that the position has... The Transfer Books of the Com- been further complicated by the at-pany will be closed from Saturday, tempt on the part of spinners to 25th April, 1935, both days in 13th April 1935, to Thursday.
the Gold Clause is out of the way, on set a better trade will develop
By Order of the Board
FC BARRY,
Secretary,
Hong Kong, 20th, March, 1935..
THE CAGED FAMILY
Each Woke Up To Find Himself Locked In
i
India and Far East. There has been a fair enquiry "Cotton: The market was thin, from India covering a wide range and sensitive, owing to Washington of fabrice, which included chootles, developments.
fine and medium mulle, sutines, "Rubber: Factory buyers have voiles and fancies. Considering the ]withdrawn from the market and weight of enquiry the offers received looks as if prices will work lower, have been disappointing, and where unless restriction quotas are tighten-business has been done, it has usually Jed. Total sales:-585 leta.
been for very moderate lots. How- "Flash: Brokers' Loans have de-lever, one or two fait lines of mulls creased by $69,000,000,"Reuter, are reported to have been secured
E. A. Pierce And Co's Report for Karachi and Calcutta, whilst early one morning last month, at In their market report, the white yarn dhooties have been taken his home in Dingwall-avenue, American Oriental Finance Cor-for up-country: poration, correspondents. for Messra. E. A. Pierce and Company of New York state:
:6
(Continued on Page 10)
COMMODITY PRICES
The following quotations have been received by Reuter. New York Cotton:---
March May
September
October
*
EARLY ONE MORNING LAST MONTH
When Mr. F. A. Ellis, awoke
Croydon, he found that his bed- China has remained practically room door was locked from the out of the picture; an isolated en-outside.
He shouted, and hammered on
quiry has come to hand from Hong Kong and Shanghai, but only for the door. negligible quantities.
A little business has been done' iu
mand for Rangoon has resulted in specialities for Singapore, while de-
the placing of moderate lines of
Mar. 20. Mar, 21. lawns in the better qualities. :
10.66: 110.73
10.79
July
October
December
[January (1986); ;
10.64 10/75.1 10.77 F 10.40 10.85 10.48- 10.44 10.52
[Spot....
11.00
10.46. 11.05
New York Rubber:---
March
May
July
11.08 10.62 11,11 10.65 11.24 10.76 11.38. 10.93
∙11.44
11.00
December
11.64
11.18
Chicago Wheat:-
Debentures
May July
934
94%
91%
914
September
31
91%
Chicago Corn:-
787%
78
BRANCHES:-
July
74%
734
Amber Antwor
Genos
September
71%
70
Albena
Ben1
Berlin Hom
The Hague Hamburg HATT Haldelberg
Winnipeg Wheat-
May
84
844
Chinese Estates $93. n.
Foochow, Han-
Влизай
Interlaken
Brussels
Cairo
Londos
Catrulta Casper
Liverpool
LuPRE
| Executive Yuan.
China Realties Sh. $9.60 China Debentures Sh.3123 n.
Public Utilities “
July New York Sugar:—
8234
83.A.
March
Old New Old ̈ New 2.122.09b.2.19n. 2.065
Lugune.
Lazor Macallan
Monte Carle Manila
Fluana Varios Tokohama Zurich
Chairman of the Commission,, ze- sumed his duties on Monday.— Cheklal Agency.
Peak Trams (old) 281⁄2 n.
May
Peak Trams (new), $6 n..
July
Star Ferries $89 n.
Sept.
"
Yaumati Ferrles $22 n.
Dec.
THE BANK OF TAIWAN, LTD. Bead Ore: Taihoku, Formosa, Incorporated in Japan by. Special Imperial Charter, 1899. Central Bank of Formosa, Nolen
iued Average amount Y.45,000,000
Branches and Agencies, Japan:--Kabe, Osaka, Tokyo, Yoke- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Talto, Takeo, Tamzui, Toon, Karenko. KAKI,
Heilo, Giran, China-Amoy Canton,
kow,
Swatow Shanghal Others: Bombay, Hong Kong, London,
Samarang, Soerabaya, Dalren.
New York Singapore, Batavia,
On and after April 20th, 1984, the e of Interest on Special Current Tposit will be at 1% p.a, on daily bance and the rate for balance over $900 will be quoted on application (Maximum rate-14).
Y. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central..
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1889
Capital Surplus Reserves
Copenhagen Publ Pdinburgh.. Florear
ORDUYG
Jersle
Manch
Monive
.U.S.$6,000,000.00 2,087,112,69 1,095,528.31
Haplos Please Paris Pripia; Palermo Rotterdam Roma Shangha Sonthaplom Hin paper Tientals. Termine
Branches of American Express Com-
EXECUTIVE YUAN'S
NEW ADVISER
Mr. Shih Ching-yang Appointed
Nanking.
Mr. Shih Ching-yang, formerly Chairman of the Mongolian and Tibetan Affairs Commission," has the been appointed an adviser to
102%
Shanghai Lands Sh. 816 n.
Metropolitan Lands Sh. $12.20 D. May
Humphreys $91⁄2 n..
H.K. Realties $5.10 n.
Asin Realties "A", Sh. $100 m. Asia Realties "B" Sh. $15 n.
-General-Huang-Mu-sung-the-new-H.K. TramwaysTM $16.90 n,
pany In Principal cities of United THE CHINA & SOUTH SEA BANK,
States of America and Canada.
All classes of Commercial Banking Aransactions undertaken.
Personal investment accounts handled.
LIMITED
(Incorporated in China) Head Office.Shanghai
Capital
Reserve
Branches
..$7,500,000:00 $1,500,000.00
All Important Cifles,
In China The Company offers to intending Foreign Exchange and General Travellers the use of its "Travelers Banking Business transacted. Cheques" and Letters of Credit and, Current and Saving Accounts opened _Capital (fully paid-up) Yen.100,000,000 addition, the world-wide services and Fixed Deposit received for one Reserve Fund..... Yen.125,800,000 bf its thoroughly equipped, Travel De-year or shorter periods at rates which
¡partment.
will be quoted on application.
SOU Z. CHANG,
Manager, HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office .Tel. 88555 Foreign Exchange Dept. 22685 38557 39589
Head Office:-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Berin
Bombay
Calcutta
Caston
Nagasakt Nagoya
New York Osaka Pelping
Dairen (Dalny) Rangoon
Fengtien (Mukion) Rio de Teneiro Hamburg
Hankow Harbin
Hong Kong
Honolulu Hinking
Karachi London
Kobe
San Franciaco Seattle Semarang Singapore
Shanghai
Soerabaya Sydney, Tientala Tokyo
E. W. DUGGAN,
"Mara ger,
THE WING ON BANK
LIMITED
Head Office: Hongkong," 28, Des Voeux Road Central Authorised Capital #10,000,000:
LONDON BANKERS: Westminster Band, Ltd. Foreign Exchange and every descrip- tion of banking businesses transacted. Current Accounts and Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application. Spe
rates given for Intucant allowed on Ursat As
ander Deposita voceived for fired TarlodsTrusteeship and
Los Angeles
Manila
Moj
Special depo/ REPROG
ab rates to be obtained on application. aken, Safe Deposit Boxes for hire.
Manner
Hong Kong, 11th March, 1935.
General Office
Cashier's Office
THE SHANGHAI COMMERCIAL
&SAVINGS BANK LIMITED
(Incorporated in China): Capital paid up **** Reserves
Capital Bavings. Dept Reserve Savings Dept. 3000,000,
Head Office Sh
A Bank having as its Industrial development. and the fostering of
relations abros Hong Kong olde
PHILIP GOCKCHINcial
Chief Manager
D. GOCECHINOLA SHU FONG Aut Manager Asst. Manager
C. Lights $9 b.,
H.K. Electrics $654 8. Macao Electrice $25 n. Sandakan Light $9 s. Telephone (old) $23 aa, Telephone (new) $10 n. China Buses Bh: $12.40 n. Singapore Traction 10/3 n. Singapore Pref. 20/6 n..
Industrials Malabon Sugar. $81⁄2 n. Cald: Macy (Ord.), Sh. $18 n. Cald: Macg. (Pref.); Sh. $16 n. Canton Ices $23⁄41⁄44_n. Cementa converted $7, s. H.K. Ropes $5.65 n... Stores, etc,
Dairy Farma $19 n.. Watsons 38
Lane, Crawfords $8.75 £. Mackintoshe, $21. Sinceres $8 n Wm. Powells, 20 cts. n.' Wing On (HK) $105.
Miscellaneous.
H.K. Amusements $1.85 n Entertainments. $6.40:.. 8.0 Enterprises: $1.55 m. Macao "Greyhounds"? #2 n. Constructions (old) $1.70 me Construction (new): 50 classm Vibro Piling 85, nurs
2.13 2.13 2.10 2.00 2.20 2.19 2.17 2.17 2.25 2.21 2.22 2.21
2.81 2.29 2.28 2.28 [New York Sik:~/
1.28% 1.28/2 1.28 1.28 1.27 1.27
March
Mny
July
Montreal Silver:—
March
May
50.65 69.70 69.65/90 58.60
July
60.10
60.00
September
60.75
60.80
New York Metals:-
St. Mar, 18. Mar. 21.
Copper January. ? Tin January
6.71 44.80
bbid,
LUNGHAI RAILWAY
PROGRESS
Entensions Planned For Two Years Ahead
Construction work on, the west- ern section of the Lunghat Rail-- way is proceeding, apace and the [train service will be extended: to Halenyang west of Stan before October this year, according to information from the Ministry of Railways (Date
Plans are now under way for the extension of the line from
Ch. Govt. 5% 1925 G8Bds-Helenyang to Lanchow, provin-
982% ni M
HK. Govt. 4% Loan, 6% %
H.K. Govt. 8%% Loan 2%
allace Harpers 87 1.
cial capital of Kansu but in) view of the great distance be tween the two points and prem difficult nature of the work,
jestimate that it take at
least two year
Other Markets
Other members of the house hold shouted back:
"All right.". "Coming."
"What's the matter?"
All jumped out of bed, tugged. at their own doors-in vain.
Every one of the five bedroom doors had been locked! Offers from Egypt for bleachers They saw signs of disorder in have been absolutely hopeless but their rooms. Many things were odd lots of mulla are understood to missing.
have been placed. Finishing styles. When neighbours, eventually have been placed for the Near East, released them they found that and prints for West Africa, though burglars had stolen valuables there still remains little demand from every room. Two burglars from the latter.
apparently two glasses wera found beside an open bottle of The Dominions have continued to whisky downstairs."
lend moderate. support, and fancies have been booked fra South Amer-
lea and the United States.
Cintinental demand has been
restricted chiefly to dyed fancies s It Insured? ?
for Scandinavia and a few fine]
Switzerland, but a fair variety of
fabrics have been in
Home Trade purposes.
demand for
KIANGSU FINANCES
IN BAD SHAPE
Insurance --"All Classes
LOWEST RATES
· American -Asiatic Underwriters Fed. Inc., USA. General Agenta
Head Office
Loan Of $1,500,000 Asked 17, The Bund
From Shanghai Banks
Chinklang.
In view of the stringency of the provincial treasury, the Kiangsu Provincial Government is negotiat ing with Chinese bankers in Shang hai for a loan of $1,500,000 with the receipts of the provincial business tax, as security. The loan, is to be redeemed in eight months.-Chekial Agency
Shanghai
H.K. Office Asia Life Building
Tel. 30234
Bring Your | PRINTING.
Problems to Us
THE 'NEWSPAPER" ENTERPRISE. LTD. ORINA, BAN' BLOK",
S. E. Levy & Co.
MEMBERS
37, ICH HOUSE STREET
WHATMENT · DANKERS ́A
DAOKKES
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC.
CHICAGO BOARD OF TRADE CANADIAN COMMODITY
'EXCHANDE, INC.