BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capitni Jogikos
$50,000,000 lasued and Folly Fald-up 20,000,000
Reserve Funda:-
Sterling .... £6,500,000 Silver $10,000,000 Reserve Liability of Pro-
prietors ...
20,000,000
EXAD OPPICE, HONGKONG. BOARD OF DIRECTORS
H. Dodwell Esq.
Chairman
Knight, Eng
Deputy Chains
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.
'HEAD' OFFICE: LONDON
Paid-up Capital.......£3,000,000 Reserve Fand
*** • • • • • £3,000,000 Reserve Liability of Pro
priators
......£8,000,000 Agencies and Branchee: **.
Alor StarTM.
TINATIO
W. H. Bell, Esq. K. S. Morrison Esq.,atta A. II. Compton Baq.,
Hon. Mr. J. J. Paterson, Hon. Mr. C. G. S. Mackle,
G. Miskin Esq.
ANDY
DANGROK
BATAVIA SUNDAY FALCUTTA CANTON CHEFOO
DOLOM DO
DAINEN FDOCHOW TIPTONG HAMBUNG BANKOW
ANDIN
ANDREW
JOHLAD
SIDE
TALOON.
T. E. Pearce Esq.,
V. M. Graybarn, log. *
Chla? Manager.
BRANCHES I-
KUALA LUMPUB
LONDON
LYONS
MALACCA
MANILA
MUAH (John)
PENAXO
KUKUEN
NEW YORK
PEIPING
TIA SOOON
MARGON
BAN FRANCISCO
RIANUA
SINGAPORE
URABAYA
SINGI PATANI
TIENTSIN
TOKYU
THINGTAO
YOKOHAMA
•tapk Acouple opened in Local Carranzy Pines Depcalis received for one yo kevat peclude a Loc: Company and Sterlin
•T which will be noted on application.
Hong Kong, 25th February, 1935.
HONG KONG SAVINGS BANK.
The Bushimes of the shove has la conduct. the ITONG LONG AND BHANGHAI Hules may be "KING, CONTORETION.
FUR THE HONG KONG AND EHANGHAI BENO CORPORATION.
to application.
V. W, GRAYBURN,
Chief Mansuet. Hong Kong, 25th February, 1935.
Pangoon
Kamarang Beremban Khangbas Buraspore BIUAWAD Bourabays Talping
Amritse
Ipch
Beartok
Karschi
Hieng
Botabay
Kobe
Canter
Lumper
Cebu
Cawnpore
Burbing
Hadros
Colomb
Manila
Tenka
Drik!
Hedan
Tongkak
Haiphong
.New York
(heher)
Hamburg
Priping
Hoskow
(Poking)
Yokohama
Harbin
Tebang
Zamboanga
THE CHINA MAIL, THURSDAY, MARCH 28, 1935
Commerce and
Finance
LOCAL DOLLAR DECLINES
The local dollar has fallen 4. opening on demand this morning at 2/0.
Spot and forward silver prices both declined 7/16., being quoted at 28-7/18 and 28-9/16, respectively.
The London on New York cross- rate was quoted at £-U.S.$4.79%, as compared with £U.S.$4.78%, while the New York on "London rate was quoted at £-U.S.$4.79%
Forales Xachsage and General Banking butas compared with £--U.S.$4.784.
İrazanoted.
Current Accounts opened and Fixed Deprašia received for one year or shorter perioda ni 'rator) which will be quoted on appliesilon.
A. BREARLEY.
Manager COMMODITY PRICES
Hong Kong, 1st. January, 1935.
The following quotations have Theen received by Router.
THE BANK OF CANTON, LTD. New York Catton:--
Established 1912,
Branches: Canton, Toithan, Shanghai, December
7
Mar. 26. Mar. 27. Closing Closing
New York Rubber: Current Accounts opened and Fixed March Depoalts receired for shorter periods at rates which will be May July quoted on application,
„one year or
Safe Deposit Boxes (various siser) September for hire.
October
www
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of local share quotations lasued to-day
Banks.
H.K. Bank $1290 sa H.K. Bank (London) £125 Chartered Bank £14 n.AT -Mercantile Bank A. & B. $31 Mercantile Bank C. 8181⁄2 m. Bank of East Asia $851⁄2 m. Am: Finance Corp., Sh.820 China Fin. Ord., Sh. $1.80 n. China O. Fin. Pref Sh. $41⁄2 mi Insurances.
Canton Ins. $260 s.
NEW YORK STOCK EXCHANGE
Uncertain Conditions Still Continue
FURTHER DRIFTING MARKETS FORESEEN
MONEY VALUE OF RETAIL SALES
Britain's Largest Gain
Since Last May,
NEW ADVERTISEMENTS
INSTITUTION OF ENGINEERS & SHIPBUILDERS OF HONG KONG.
London, To-day. M
The money value of retail sales
TEMBERS are reminded that the ANNUAL GENERAL
In February was 4.9 per cent. MEETING of the Institution takes higher than in February, 1934, place in the Rooms on FRIDAY, In their market repert, Mesars, and showed the largest, increase 29th March, at 6 pm. S. E. Levy and Company, corres-since last May.
J. P. A. DAVIS..
Hon. Secretary.
CLUB
pondents for Messrs. White Weld
The value of stocks at the and and Company, New York state:
of February was 1.7. per cent. low- "Stocks: The growing Railroader, while employment in retail difficulties and continuing legisla-shops was 2.0 per cent. greater THE FANLING HUNT & RACE tive and monetary uncertainties than at the close of February, are again asserting their influence 1934.-British Wireless Service. on the market. We continue to a. forsee further drifting markets, with temporary upturns which should be used to reduce commit. nments. Business done: 450,000
shares.
BRITISH_SHIPPING WING to a case of Rabies being
REPORT
discovered amongst the Army Mules, the meeting" which was to have been held at Kwanti on SUN-
Increased Tonnage For DAY, 31st instant, has been post
Foreign Trade
"Graina:-Continuous winds are drying out the South-Western soll. The market looks as if it will go
London, To-day.¦. higher until generons rains are re- Union Ins. $415 b, $416/178a-ceived: We favour purchases of ment of shipping in United King Preliminary returns of the move. on fair reactions. Total dom ports during 1934 show that wheat salesWheat: 10,057,000 bushels, the total tonnage entered in Corn: -4,968,000 bushels,
foreign trade was 1.0 per cent. "CottonThe market is mostly greater than in 1933 and that of
China Underwriters $1, China Fire Ir "$400, n. H.K. Fire Ins. $220 n. -: international Assoe. Sh. $5 a.
Shipping.
Douglases $391⁄2 n.
H.K. Steamboats, $73⁄41⁄41⁄4 n. Indo-Chinas (Prof.), 380 m. Indo-Chinas (Def.), $38 a. Shells (Bearer) $48/9 n. Union Waterboats $12 n.
Mining.
Antamoks 95 cts. n. Balatoes $43 n. Baguio Gold 39 cts. n. Benguet Consolidated $14. n. Benguet Exploration 15 ets. Benguet Goldfield 10 cts. n. Big Wedge 10 cts: n... Gold Creek 40 cts. n.
on
a professional affair. We prefer clearances 0.1 per cent larger. purchases of July option and The movement in coasting trade setbacks for trading profits. in 1934 showed an increase of 5.9 "Rubber:--Reports of the unrest per cent, as compared with the
Service.
NEW YORK STOCK
EXCHANGE
in Akron are checking aggressive previous year. Britiel Wireless buying. Total sules-363 lots.
"Copper: There was a heavy demand for Spot, while there were reluctant ellers in Futures. A formal announcement in regard to the curtailment agreement is like-
·ly on Thursday, Producers are n.believed to be alming, for a world price of 8% cents. We continue to favour purchases.
Reuter Quotations
Head Office-Hong Kong.
Authorised Capital
May
$11,000,000
Paid-up Capital
8,655,000 July
Total Resources
82,170,192 October
11.06 11.07- 11.10 11.14 10.72 10.70 10.79 10.82
Foreign Exchange and Banking business of every discription trans Spot acted
Hankow, Bangkok & San Francisco. January (1836) `. London Bankere: Lloyds Bank, Ltd.,
March (1936),
10.81
10.89
11.35
10.86 10:93 11.36
11.75b
11.82
11.73 11.92 11.84 12.06
11.98 12.13 12.06
LOOK POONG SHAN,
Chief Manager.
December January
12.20
12:20
12.28
Chicago Wheat;-
`SAFETY FIRST 1-
$7,4,500.00
To Safeguard Your Valuables and Jewelleries.
May July
9334
95%
September
914 93% 9114 93
Gold Rivers 17 cts/n. Ipo Mining $11⁄4-n.
-HONO IOKO
Chicago Corn
Salacota 16 cts. n.
May
78
79%
Kallan (Single) $17/-n.
E. A. Pierce. And Co's Report, York have been received by Router In their market report, the American Oriental Finance Cor- N.Y./London peration; correspondents. for N.Y. Cotton -- Messrs. E. A. Pierce and Company
Last
clone .10.151100 14.78% 4.7016 4.7014
July
of New York state:--
Oct.
11.10 -10.70
10.97 11.03 10.50
19.60
July
73
74
Langkats (Single) Sh. $15 n
N.Y. Rubber..
September
69
09%
S'hal Exploration Sh. $5 m.
Winnipeg Wheat:-
S'hai Loans, Sh. $6 n.
"Stocks: The modest Improve- July
Sept. ment. in Industrial stocks appeared.
11.2 11.86, 12.06
11.98
Rauba $5.15 n.
84
85%
Venz; Goldfield $5, n.
837%
8434
Old New Old New 2.16 2.15 2.16 2.15
THE BANK OF EAST ASIA, LTD.
Authorised Capital 18-20,000,000,00 Pale up Capital Romer and Undivided Pro,
READ OFFICE:
11. D. Vaur Food Central
TRARD OF DIRECTORS— 810-On Chow, Chairman.
La Enen Chi
TUR Tong. Bon.
•
Ching Whak P. R. Baqué lan
leaf Exq, Wong the for Eagan
الأمامية
WODK
Kan Tine
Xas Toug Po... Chile! Menager.
4. Manager. The Forg
DRANCHES AND AGENCIES †----
LABO
Balvin
Mani Mythoutros
Haml
Beberang
Bombs)
Hapanki
Ny Fork
Broughal Sagepor Grurabaya
Sydney.
T
Rangoon
Tianinis
Kowlo
Balo
Takys
Lon
Ran Francis
VANGON THE Yokozme
Haiphong Bankow Honolul
Denka
Parn Pripion
rary Ameripilena Baking and Erslangs
tracted. Loans stacked on approve berries.
Accounts apeut in Lovel furrese
The ane jest
Curoposto recalead
webriar perince in Local and Foreign Curacies. terzo kick will be quoted so application.
Bate Depot Der To LL
KAN TOMO TO,
Chief Maneget.
THE BANK OF TAIWAN, LTD.
Head Office: Taiboku, FermoSA, Incorporated in Japan by Special Imperial Charter, 1899, Central Bank of Fermoss, Notes
i.rued Average amount Y45,000,000)
Branches and Agencion.
Deposit them in a Vault
that is really:
FIRE - PROOF
BURGLAR-PROOF
DAMP-PROOF {
OUR SAFE DEPOSIT VAULT May
located on the Mezzanine Floor of July Our
New building is Specially Con-New York Sugar:- structed to provide all of theas Im-
portant Qualities.
You may obtain a Safe Deposit May
Box in this most up-to-date Vanit for July ....... your own use at a very moderate Ren-September Ital
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
Corner of Ies House Street and Des Voeux Road, Central
·2.25 2.25 2.26 2.25
2.32 2.31 2.32 2.31 2.25 2.21 2.25 2.22
Itogans 42 cts. n.
Docks, etc.."
H.K. Wharves $90 ̊ n. Cum pts. H.K. Wharves ex, rights $89 n..
2.21 2.21 2.222.21 H.K. Wharves right $10 s.
H.K. Dock $93⁄4_#/ ̈ Providents (old); $1 n.. Providents (new) 20 cts, m
Hongkews, Sh. $909 n. New Engineering Sh. $5 s. S'hai Docks, Sh. $120 n..
Cotton Mills. Ewo Cottons Sh. $8.30 n. Shanghai Cotton (old) Sh.874 m. S'hai Cottons (new) $45 ». Zoong Sings Sh.' $9.30 m. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc.
December
Jan. (1936) New York Silk:-.
May
July
September Montreal Silver:
1.28
1.29 1.28. 1.29 1.28 1.29
March
THE
AMERICAN EXPRESS COMPANY,
May
INC.
July September
61.22b 61.25b 61.50 61.68 61.70b
62.40 62.80. 62.95
Head Office:65, Broadway, New York
Capital ........8.$8,000,000.00 THE CHINA & SOUTH SEA BANE, Surplus Reserves
Japan-Kabe, Osaka, Tokyo, Yoko- han. Keelung, Makong, Nanto, Shots, Shinchiku, Taiche, Tainan, Helse Taito, Takao, Tamaui, Teen, Karenko. Kagi, Heito,
Giran.
China:-Amoy, Canton, Foochow, Han-
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, Batavia, Singapore, New York, Samarang, Soerabaya, Dairen. no and after April 20th, 1984, the m: of Interest on Special Current Deposit will be at 14% pa. on daily bance and the rata for balance over $10 000 will be quoted on application (Maximum rate-1%).
Y. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central.
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880 "nditel (fully paid-up) Yen.100,000,000 Yen.125,800,000 Reserve Fund
Head Office:-YOKOHAMA
Branches and Agencies at: Alexandria
Hatavia
Bombay
Berlin
Calcatts
Canton
Dairen (Dalny)
Nagasak! Nagoya New York Osaka:
Parts.
Peiping
Rangoon
Fengtien (Mukden) Rio de Janeiro
Hankow
Hong Kong
Honolulu
Hamburg
San Francisco
Seattle
Harbin
Shanghai
Semarang
Singapore
Kobe
Loudon
Los Angeles
Manila
Soerabaya Sydney Tientain Tokyo Tsingtan Yingkow
'Heinkap/
Karachi
Interses allowed; on UXITENE
razes to be obtai
1145
2,087,112,59 1,998,828,81
LIMITED
(Incorporated in China) Head Office Shanghai Capital
BRANCHEB÷000
korter
Алтир
Eikow
The Hague
Mitaa Nico Napl
Reserva
ASEMEN
Натала
Pirace
Branches
Hamburg
Sertám
¿Tavro
Paris Pelpin
Bratk
Bombay Bruneta
Heidelberg Palermo
Interlakes
Jeronim
Cairo
Capted Colom he Copenhagen Publis Pdinborg Florence Севать
Londo
Rikorda Blame Bhanchal
Lispod
• Lucerne
Bispo
Luzgan
LUSOF
Thorand
Marvelling
Vienna
Monte Carl
Manila
Moniek
Montros
Rowhampion
Venlos Yokobama
Branches of American Express Com- pany in Principal cities of United Etates of America and Canada.
All classes of Commercial Banking [Transactions undertaken. :
Personal investment accounts: (handled.
The Company · offers to intending Travellers, the use of ita #travelarn Cheques" and Letters of Credit and, addition, the world-wide wrvices f its thoroughly equipped Travel De {partment,
E. W. DUGGAN,
MADRger,
THE WING ON BANK
LIMITED
Head Officer Hongkong": 26, Des Voeux Hoad Central. Authorised Capital, $10,000,00037
LONDON BANKERS
Westminster, Hand, Ltd, folk, Foreign Exchange und every descrip-
.$7,500,000.00 .$1,500,000.00.
General
All Important Cities
in China
`and Foreign Exchange Banking Business transacted.
Current and Saving Accounts opened and Fixed Deposita "received for one year or shorter periode at rates which will be quoted on applicationANG,
BOU. Z.
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Omics....Tel 88865 Foreign Exchange Dept. $8666 General Offical kanser p 78567
Cashier's Offies
R
38569
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.
(Incorporated in China) ^ Capital paid up 2/7/185,000,000, $7,000,000. Reserves
Capital Savings "Dept, $500,000, Reserve Bavings Dept. $600,000.
Head' Office-Shanghai (
A Bank having as its mission the industrial development of China and the fostering of her commer=" cial relations; abroad, teddy Hong Hung offical-7. Ice House B). Phase 3101-94)
Is It Insured? ?
· Insuranės All Challen BANK LOWEST RATES SKA
tion of banking businesses transacted. ** American Asiatic Underwriters
Current
Accounts and Bavings s Fed. Ino", U.STARS Accounta received: thed. Fixed Deposits
fon: batismohd Záléh will be quoted
Special
fen. Special rates riven for
taken. Bafe Deposit. Boxe
PHILIP GOCKCHIN
Chief Manág
LGOCKOHIN Asst. Manager
tipi under
Agents
な
Head Office
7
H.K. and S. Hote] $48. H.K. Lands $30% sa. H.K. Land 4% Debentures
102% n?
Shanghai Lands Sh. $16 n. Metropolitan Lands 8h, $12.20 B. Humphreys 891⁄2- 8.
H.K. Realtfes $5.10 n. Aala Realtles "A", Sh, $100 m. Asia Realties “B” Sħ. $15 m.' Chinese Estates $90 n. China Resities Sh. $9.69 n. China Debentures Sh.$128 .
Poblle Utilities
H.K. Tramways $16.05. Peak Trama (old) $8% n.. Peak Trams (new), $6 n. Star Ferries $89: n. Yaumati Ferries $22 n. C. Lights, $9,15' 8.- H.K. Electrics $65% n. Macao Electrics $25 n. Sandakan Light #8 s. Telephone (old) $23 B. Telephone (new) $10 n. China Buses Sh. $12.40 m. Singapore Traction 10/8 n. Singapore Pref. 20/6 m.
Industrials Malabon: Sugar #8%1⁄2 n.. Cald: Macg. (Ord.), Sh. $16 n Cald: Macg, (Pref.), Sh. $16 n. Canton Ices $2 n. Cements $78. Converted. H.K. Ropes 82.60 n.
Stores, etc.
Dairy Farms $198. Watson $3 b. $3.30 sa. Lane, Crawfords $8.75 m Mackintoshs, $21 n. Sinceres $8 p.
Wm. Powells, 70 ets, 'n. Wing On (H.K.) $105 m.
⠀ Miscellaneous... H.K. Amusementa #1.85 n. Entertainments $6.40 n." 8.C. Enterprises $1.85 m; Macao "Greyhounds,” $2 n. Constructions (old); $1,70 n. Construction (new) 45 cts. n. Vibro Piling $5
March 28. The following quotations from New
to be based wholly on technical C.Wheat May 03
July
014 grounds.
C. Corn May 18 Grains; Dust storms in the W. Wheat May 84% North-West and South-West, firm STOCKS:-- cables and an improved flour demand Con Gas N.X.
Amer Smelting 33%
rought better buying in Wheat by Da Pont
the Trade, and broader profit-taking Elec Pend & Sh. · B1⁄4 /
10%
10%
80 8.8%
5
274
1416
6347
34
in all grains in the final hour of General Motors 27,
Int Tel & Tel Light offerings and the Loew's Ine trading. strength of Wheat, were the main Montgomery W. 25% 23% factors influencing the Corn mar- Nat Distillera 20 25% ket.
N.Y, Central 12% 124 Standard Oil NJ 37371⁄4 "Cotton: Frices were steady, dua U.S. Steel. 287 *98 to trade buying, mainly for price fixing, but advances were attracting selling.
posed to a date which will be an- nounced later, when the St. John's Ambulance Cup will be run for.
· THOMSON & CO,.
Secretaries.
PUBLIC AUCTION
THE
THE undersigned have received Instructions to sell by Public
Auction
ON
Saturday, the 30th. March, 1935 commencing at 10.30 a.m.
at No. 34 Mody Road, 1st Floor, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
(Full particulars from catalogue) On View, from Friday, the 29th March, 1985
Terms: Cash on Delivery,
LAMMERT BROS.,
Auctioneers.
Hong Kong, 28th, March, 1985.
Everything BUT YOUR
gone
SAVINGS
ពន្លឺពន្លឺ
CLOTHING
HEAT
RAW RUBBER PRICES
"Rubber: The Rubber market was
TAXES
WATER
Singapore
ateady, but the volume of business Latest Quotations From passing was small. Dealers wera the principal buyers, while Commia- sion hour were selling. Estates in the East were heavy sellers in London. They held off when. prices were lower.
"Sugar:. The entire market, was dull but steady. The Spot quota- tion remained unchanged, while there were offerings at the 8.10 cents basis. All refiners were quot- ing 4.70 cents."-Reuter,
Messrs. E. A. Pierce & Company's report on the opening of the mar keta:
Mesars. H. B. Joseph and Com pany have received the following Straits currency, quotations from Singapore for Raw Rubber,
Spot 20. unchanged.
· April-June-20%1⁄2 unchanged. July-Sept. 214 unchanged.. Oct-Dec. 224 down Market:-Undertone quietly opti mistic. Selling price. cent higher on all positions.
SHANGHAI AND HONGKEW WHARF CO., LTD.
Utilities were strong, while Rall issues were slightly off in a session of mixed and light trading at the
At a Board Meeting held in opening of Wall Street to-day.
Shanghai yesterday a final dividendi The Cotton market is meeting of $7.50 for old shares and $5.00 for selling on rallies. The domestic new was declared.for the year 1984. trade is a buyer on setbacks, but is The Annual General Meeting will not following advances.
Latest Quotations
be held on April 26 and the transfer books will be closed from April 15 The following quotations have to 26, inclusive, |been received by Reuter, a
XY./London cross-rate
Prev. To-day's close alore
4.78% 4.79%
11.14
61.68
N.Y. Cotton-July... 11.10 N.Y. Rubber-July ... 11.92 11.84 Chi go. Wheat May 98% 35% Chicago Corn-May 78 79 Montreal SilverMay 61.50 Silver Official 613 61.
Dow Jones Averages
To-day's Mar 26. close Change 50 Industriale 08.07.100.35 1.88 up 20 Rails 27.00 27.01 .25 'up 20. Utilities 10.14:18,42) 28 up 131'off
40 Bonds...) 94AY 04,10.
11 Commodity BABAE A
Index 55.81 50.50 1.28 up
16 Leading Stocks
Amer Smelting
Auburn
|3. 1. Caso
Elec Bond & Share ;)
General Motors
Int Tel & Tel: ...
Montgomery Ward
Not Distillers
NY: CentralG
U.S. Stealt
Ch. Gort, 5% 1925 GBBda Business Done ---600,000 shares.
H.K: Govt 4% Loan; 6%% prem
20%
20%
HK Govt 34% Loan 25 prom
and, one]
Case of
eported in
the Colóny during the 21. March 26
rs, anded.
CHITS
SAVINGS
SAVE SOMETHING
START NOW
UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST.
INC.
Aria Life Building Hồng Tons Tel:80234
S. E. Levy & Co.
ICE HOUSE, STRIKT -
INFRATMENT BANKERS & BROKERS
NEW YORK, COTTON EXCHANGE
COMMODITY EXCHANGE, ING. N.I. CHICAGO BOARD OF TRADE": CANADIAN COMMODITY KICHANGE,