BANKS
HONG KONG AND SHANGHAI
·BANKING CORPORAȚION
Authorised Capital di.......... Issued and Fully Paid-up. Reserve Funds:
Sterling... £4,500,000 Silver......... $10,000,000 Reserve Liability of Pre-
prietora
$50,000,000 20,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858 HEAD OFFICE" LONDON Paid-up Capital
-...........5,000,000
Reserve Fand
20,000,000
Reserve Liability of Pro,
......€8,000,000
prietors
£3,000,000
Afor Biar
HIMAD OFFICET KONGKONG. BOARD OF DIRECTORS,
B. i. Dalwall. Eq.
Chairman,
70 d. Kuigh, Kao, t
Deputy Chalaan.
W. H. Bell, Esq. K. S. Morrison Esq.,
A. H. Compton Esq.,
M. T. Johnson Eig.
Hon. Mr. J. J. Paterson,
G. Miskin Esq. T. E. Pearce Esq.,
Y. M. Graybars, hos
Calal Manager,
BRANCHES 1-
AMOY
MANGKUK
KUALA LUMPUN LONDON
SATAVIA BOMBAY
BALOUTTA
LANTON OSEFOO GOZOMBO DLIRRY FOOCHOW HAIPHONG HAMBUNG WATKOW TT DRIN
BAN KEW
IT
hi
FORORD
BOLE
HOWLOOR
LYONG
MALACCA
MANITA
MUAR (Jobers)
BURDEN
HEW YOREN
PEIPINO PENAKO
RANGOKON
RAIGON
BAN PRANCISCO
BHANGHAT
SINGAPOR
LAURABAYA
SUNGEI PATANI
TIENTS
TOKYO
TRIKOTAO
YOKOLIANA
ferent Amount opened in Local Cumbry Fixed Deporte cosolved for CDS YES OF akortar periods in Iroval Dorupeny and Barling
terms whink will be quoted on application. Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK.
kmrliest
Agencies and Branches:
مالها
84igon
Bareba
Semarang
المطاع Bhan
Singapore
Spok
Bangko
Karachi
Bataris
calenta
Boulay
Tot Kunia
Calou
Lampar
BILATER
Bawnpore
Kuching
Bourbaga
Bebe
Taiping
Colombe
Manila
Tasuls
DAS
Madax
Tomskak
Halghang
Kaw York
(huker)
Hamburg
Pulples
Hankaw Harbi
(Faking) Тодкид
Koor Kang
Wiedras
Tokoham Kamboanga
*Forkley Bushange and Comoral Banking busineer Durresi Adesunie oproed sad. Mud Deponi Passivad for one year or shorter periode si rater which 'will be goded on applinskim.
A. BREARLEY.
Manager. Hong Kong, 1st. January, 1985.
SAFETY FIRST!
To Safeguard Your Valuables
and Jewelleries....
Deposit them in a Vanli
that is really: FIRE PROOF BURGLAR-PROOF
DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
THE CHINA MAIL RIDAY, APRIL 12, 1935
and
Commerce
Finance
LOCAL DOLLAR IMPROVES
Silver Prices Advance
The local dollar has risen a for ther opening on demand this morning at 2/14/4/2
Silver prices improved 4, spot being quoted at 29 11/16 and for ward at 29 18/16.
The London on New York cross- rate was quoted at £-U.S.14.84 as compared with. £-U.S.$4.84 while the New York en London rate was quoted at £-US$4.843⁄4%, as compared with £-U.S.84.84%
NEW YORK STOCK
EXCHANGE
Reuter Quotations
April 12
The following quotations from Now: York have been received by Reuter
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of local chare quotations issued to-day::
Banks.
H.K. Bank $1250 B.
H.K. Bank (London) $1251⁄2 a. Chartered Bank £141⁄2” n. Mercantile Bank A. & E. 1814 Mercantile Bank C. $18% n Bank of East Asia $853⁄41⁄2 n. Am: 0. Finance Corp., Sh.$20 China O. Fin. Ord., 8h. $1.80. China 0. Fin. Pref Sh. $41⁄41⁄2 n.
Insurances,
Canton Ins. #260 n. Union Ins. $415/420 58. China Underwriters $1.80 n. China Fire Ins..$400 n. H.K. Fire Ins. $215 n. International Assce. Sh. $6°n.·
Shipping,
Douglases $89 m. H.K. Steamboats, $7% m. Indo-Chinas (Prof.), $80 m Indo-Chinas (Def.), #88 n. Shells (Bearer) 58/9 . Union Waterboats, $11 ..
Mining.
Last close
∙10.2011.06
N.Y./Landon
cross-rate.
be
Jocated on the Mezzanine Floor of NY. Cotton July Our New building is Specially Con-, N.Y. Rubber-July structed to provide all of these Im-Chicago Wheat-May 00% Iportant Qualities.
Chicago: Corn-May. 88% You may obtain a Safe Deposit Montreal Silver-May 45.00..
04% Box in this most up-to-date Vault for Silver Official your own use at a very moderate Eén-| ŝtal
11.29
11.55
4.84% 4.84 11.05 11.71
DB
8744
06.25
Balatoes $43 n.
054
Dow Jones Averages
The Balcony of the shore Back is condust. adhe ike, HONG KONG AND BHANGUAL MASKING CORPORATION. Bula mar absired en application.,
FR THE HONG KONG AND SHANGHAI BANKING CORPORATION
V. U. GRAYNURN, Hong Kong, 25th February, 1995.
Chal Manners,
THE BANK OF EAST ASIA, LTD.
phoriad Caglial
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of los House Street and Des Voeux Road, Central
#10006,600.00 THE
d-up Capitalent Moore and ivided Pro$2,484 900,00
LEAD PRICE: How to
The Vous Road Canin
BOARD OF DIRECTORS—
Air Sbona, Chairman.
Town Chut. Fathi ro, B.
141 Tang, Kes. Cras ton, Rey, and a
Bang. Eng., TOOE
Kas Tong Fo. Req. Chilet Manager. Li The Fong Eng., Mariget.
Walphong
BRANCHES AND AGENCIES S
Meltaine
Stila
Muje via
Bearta
How bay
Nagnak!
Thanghal
Delicile
New Tork
Bingapore Sebas
Paris
Dwalow
Raskow Hoodiste
Telping
Sydney
Fennog
Rangoon
Wewom
Balges
Tisztala Tokyo Ban. Franchina e Vancouver Yokohama
Apr. 10, close" Change
80 Industrials 104.00 104.03 .03 off 20 Raile.... 30.00 29.81
BANK OF CANTON, LTD. Am
- Established 1912
J. 1. Case
10 Leading Stocks
Antamoks 93 cts. n.
5-
1.]
NEW YORK STOCK MARKET
No Positive Trend In Detailings
WANTED SHARES DIFFICULT
TO PURCHASE
AMERICAN TRADE WITH JAPAN
Saito Satisfied With Healthy State
TRIANGULAR AGREEMENT
DISCUSSED
NEW ADVERTISEMENTS
NOTICE.
TOTICE IS HEREBY GIVEN
Nthat during the temporary ab-
sence of Mr. H. Stehr from the Co- lony, we have appointed Mr, L. C. LIEDKE to act as Manager of our In their market report, Mesars,
Washington, To-day, local branch as from this day. After a conference with Mr. CorNEVER FEEST GET S. E. Levy and Company, corres- pondents for Mesers. White Wald |dell Hull, the United States Se
SIEMSSEN & CO. and Company, New York state:—cretary of State, and Mr. Sayre, 1-
Hong Kong, 11th April, 1985. "Stocks: While the market Mr. Saito, Japanese Ambassador seems to get nowhere, stocks which to Washington, made a statement PUBLIC AUCTIONS are wanted are hard to buy. Our that they had discussed general inclination is to buy on dips. Bu- Japanese and American trade i
THE undersigned have received.
rei
siness done:-780,000 shares, lations in a friendly spirit and Tinstructions to sell by Public
Grains Dust storms are con- found there were no causes of Auction tinuing. We believe that Secre-economic friction between the two ntary Wallace's statement regard countries,
Bagalo Gold 35 cts. n. Benguet Consolidated $14 n. Benguet Exploration 15 cts.' n. Benguet Goldfield 10 cts. n.
Big Wedge 10 cts. n."
Gold Creek 40 cts. n.
Gold Rivers 10 cts. n.
Itegana 42 cts. n.
Salacols 16 cts. n.
Tuesday, the 16th. April, 1935 commencing at 5.15 pm at their Sales Room, Duddell Street
ing damage to the crop will bring! He added that the healthy trade about higher prices and we advo-between the United States and Ja cate buying on gotbacks. Total pan was such that there appeared sales: Wheat: $2,811,000 bushels. to be no Immediate reason for A Valuable Collection of PostaNO
them to negotiate a new reciprocal Stamps, RET Corn-18,937,000 bushels.
trade agreement on the lines of On view from Monday the 15th "Cotton-Local buying, com
those being negotiated between April, 1935.. bined with better foreign cables, the United States and 18 other na-
created strength. We suggest re- |maining" on`side-lines · until mora definite news" is known regarding loans on the new crop. D
"Rubber:-This market
WAG
tions...
He said that the possibilities of
Terms: Cash on delivery
"LAMMERT BROS,
Auctioneers:
a triangular trade agreement, in- Hong Kong, 12th. April, 1935. Ivolving the United States, Japan and the Latin-American nations,
-Reuter.
THE undersigned. have received
TH
quict, but steady, The public, wOB hesitant in view of the possibility was one of the subjects discussed.v instructions from P. Jacks lof &
strike..
Total sales:--416 lots.
market "Sugar: This steady. Total sales? No. 1 con- |tract; 3,000 tons. No. 3 contract--
29,000 tons.
WAS
COMMODITY PRICES
The following. quotations bare Loans have been received by Reuter.
New York Cotton:---
"Flash-Brokers' Increased by $1,000,000,
E A. Pierce And Co's Report
In their market report, the American Oriental Finance Cor- May.. poration, correspondents for July Messrs. E. A. Pierce and Company October. of New York state:-
Esq; to sell by Public Action
SONY P Wednesday, the 17th. April, 1935 commencing at 10 am. at No. 526, The Peak A Quantity of VALUABLE HOUSEHOLD
FURNITURE
Terms: Cash on Delivery, On view from Tuesday the 16th.
Apr. 10. Apr. 11. April, 1935. Closing Closing
11.2014.58!
11.63 10.92 11.29 10:96 11.36
11.29
· LAMMERT BROS.,
Auctioneers
NHE undersigned have received instructions to sell by. Publis
20 Utilities 40 Bonds
17.50 17.14 94.72. 04.71
.19 off .35 off .01 off.
11 Commodity
Index ... 57.72.58.41
.60 op
Ipo Mining $11⁄4 n..
December
Amer Smelting
.36%%
17%
Kailan Mining. Ad. 16/8 a.
"Stocks: The announcement of a Jan. (1986)
11.01
11.40
Auction
50%
Langkats (Single) Sh. $18 n.
higher silver price stimulated silver
March
11.09
11.46:
Elec Bond & Share
6%
S'hal Exploration Sh. $5 n.
stocks, but not conclusively. Olla Spot
11.50
11.90
General Motora
287
Int Tel & Tel
6%
S'haf Loans, Sh." $6 ...
were firmer on reports of improving New York Rubber:
$11,000,000
24%
Ragbs #5% n. "
prospects in the industry.
34
27%
184
Venz; Goldfield $5, p.
Docks, etc.
11.43
11.61b
11:55
11.71
30%
11.71 11.86.
Businces Done:-730,000 shares.
11.77
11.92
11.93 12.11.
12.01
12.18
Hand Office: Hong Kong."
Authorised Capital
Paid-up Capital
WODE
Total Resources
8,655,000 Montgomery Ward
Nat Distillers
82,170,48NY, Central
fiat Branches: Canton, Tolahan, Shanghai, U.S. Steel
Every deartiglion of Banking and Exhange! bdsm cled. Loads granted as approved
Current rounds opened in Tal
Полные
Hankow, Bangkok & San Francisc
Lendon Bankers: Lloyds Bank,
Foreign Exchange and Banking
business of every decription trans-RAW RUBBER PRICES
acted.
Current Accounts opened and Fixed
Deposits received for one year or Latest Quotations From
shorter periods at rates, which will be quoted on application, ge
Safe Deposit Boxes (various (alzas) For hire.
LOOK POONG SHAN,
Chind Manager
THE
for AMERICAN EXPRESS COMPANY, Fizm! Deporte od Foralgo Cumassiss aberter parinds la Local antern which will be quoted so application.
• Gale Deposit Bures To Lei,
KAN TONO ro,
Chief· Manager.
INC.
Head Onee-65, Broadway, New York
Capital
Reserves
THE CHINA & SOUTH SEA BANK, Surplus
LIMITED
(Incorporated in China)
Head Office...Shanghat
Reservo .....$1,500,000.00
Branches....All Important Cities
in China
Capital
.87,500,000.00
‚U.8.$8,000,000,00
BRANCHES
2,087,112.69 1,995,528.31
Naples Plane
Amelerim Apiary
Arman Beaine
Делов
Ni
Berlin
Bonbay
Banking Business transacted.
Foreign Exchange and
Beaton
General
Brussala
Cairo
will be quoted on application.
Current and Saving Accounts opened and Fixed Deposits received for one year or shorter periods at rates which a
Calcutt Dete Gelo
Hage Harans Hamburg H&770 Heidelberg Interlaken
Loadou Liverpool
Dabila
Lor Marselles
Flore Оздата
Mundel More
Taormina
Venic Yokohama Zurich
BOU Z. CHANG,
Manager.
HONG KONG BRANCH: 24, Des Voeur Road, Central, Manager's Office......Tel. 83565 23566
Foreign Exchange Dept. 11 B3587
General Office
Cashier's Offca
235669
Zicerine Loga
Rotterdam Bome Bhanghal Boluspo
paré
Singapore
Mesars. H. B. Joseph and Co, have received the following Straits cur- rency quotations from Singapore for Raw Rubber.
Spot 18% up,
July-Sept. 20% up 4. Oct.-Dec. 21% up. Market: Steady. Selling price
cent higher on all positions.
CANTON DESTROYS $50,000
Defaced Banknotes Burned
Cantón, To-day. A sum of $50,000 in defaced-10- cent banknotes of the Municipal Bank was destroyed yesterday in one of the furnaces of the Canton Electric Power Station.
The 10-cent banknotes destroy- ed were those issued several years jugo and were torn and too old for circulation. The corners of the Branches of American Express Com-notes were chopped before they in Principal elties of United were burned. Central Press. pany States of America and Canada.
All classes of Commercial Banking Fransactions undertaken.
THE YOKOHAMA · SPECIE BANK| Personal Investment secounts
LIMITED.
Established 1880
handled.
The Company offers to intanding | Travellers the use of its "Travelers Cheques" and Letters of Credit and "Gapital (fully pald-up) Yes,100,000,000 kn addition, the world-wide services Reserve Fund
Yen.125,800,000bf its thoroughly equipped Travel De-
partment.
"Head Office:-YOKOHAMA
·Brancheu ́und· Agencies, at:
Alexandria
|Batavis:
Berlin
Canton
Nagasaki Nagoya New York. Osaka
Pelping
Dairen (Dairy) Rangoon Fengtien (Mukden) Elo le: Jenetro
San Francisco Seattle
Harbin
Singapore Востабаул
Hamborg
Hankow
Long
aking
Sydney
Anrala
Tokyo Txinstan Yingkow
E. W. DUGGAN,
Manager.
THE WING ON BANK LIMITED
Head Office: Hongkong. 26, Des Voeux Road Central,” Authorised Capital $19,000,000
LONDON BANKERS Westminster Band, Ltd.
Foreign Exchange and every des tion of bankung, businesses, transse
Current Accounts and Accounts opened. Fixed
whloh will;
[received at rates fel rates
on application.
Special deposits
Trusteeship taken... Hafe
GOO
THE SHANGHAT COMMERCIAL & 'SAVINGS BANK LIMITED (Incorporated in China) Capital paid up $5,000,000. Reserves
$7,000,000. Gapital: Earings Dept. $500,000.
· Reserve : Savings. Dept. $600,008. papir Head Office-Shanghai
A Bank kaving as ita mission the fodustrial development, of. China and the fostering of her coZSUDEK- cial relations abroad.“ Hong Kong offense? Lea
„Phone: 31451-13
Is It Insured?
*Insurance "=="All Chimie#
LOWEST RATESLA
Underwrite Fed, Inc. USA.
General Agenta':
?
Grains: The unexpected drop in May
the Government Winter wheat eati-July rfs.mate and the strength abroad September
H.K. Wharves $91 n., Cum. H.K. Wharves ex right #90% H.K Wharves right 11 b. H.K. Dock $4
Providents (old) și ni Providents (new) 20: cta. n. Hongkews, Sh. $809 2. New Engineering Sh. 45 s., S'hal Docks, Sh. $120 n
Cotton Mills.
a. brought about general buying carly October
Ewo Cottons Sh. $8.80 n. Shanghai Cotton: (old). Shi$74-n. S'hal Cottons (new) - $45 mi Zoong Sings Sh, $9.80 n. Wing On Textiles, 8h. $55 a.
Lands, Hotels, etc.
In the day. Dust storms added to December the situation. Ip corn sonte heavy January profit-taking was seen; but the mar
ket was strong early in the day Chicago Wheat:-- under the Influence of wheat.
July to move higher under a slightly broader demand. We are of the opinion that prices may move some- what higher before meeting any real, selling pressure.
ON
Wednesday the 17th: April 1935 commencing at 2.30 p.m.
at their Sales Room. No, 85, Hankow Road, Kowloon.
A Quantity of:
VALUABLE HOUSEHOLD
FURNITURE
and
A Fine Assortment of
ALABASTER STATUES
On View from Tuesday the 16th
Terms: Cash on delivery
LAMMERT BROS,
Auctioneers.
Hong Kopk, 12th. April, 1935,
April 1935.
"Cotton: The market continued May
98%
98
94%
September
95
Chicago Corn: May July September
2814 874 88% 824
.78
77%
89%
89%
Debentures market, will do better on firmer
90%
89%
outside markets and on the belief
that the strike will be averted. New York Bujeme:----
#Sugar: Futures were slightly
No. 1 No. 8. No. 1 No 8
H.K. and S. Hotel $4:45 s H.K. Lands $42,
H.K Land 4%
102% m
Shanghai Lands Sh. $18 n. Metropolitan Lands 8h.. $12.80 Humphreys $9.30, b.
H.K. Renities $5.10 n.............
Asin Realties “A”, Sh; $100 n. Asin Realties "B" 8h, $15 në Chinese Estates $99. n. China Realties 8h; $9.60 n. China Debentures Sh.$128 n.
Public Utilities,
H.K. Tramways $163⁄41⁄4 në Peak Trams (old) #81⁄2 n. Peak Trams (new), $8 n. Star Ferries $90 m. - Yaumati Ferries 822 n. 7 G. Light $9,45 B.
H.K. Electrics $65 m. Macao Electrics $25. n. Sandakan Light $7 8. Telephone (old) $2831⁄2 n. Telephone (new) $10.10 n. Chian Buses Sh. $12.40 n. Singapore Traction 10/8 E. Singapore Pref. 20/6 m.
Industrials
Malabon Sugar 381⁄2 n- Cald: Macg (Ord.), Sh. $16 n. Cald: Macg. (Pref.), Sh. $18 n. Canton Ices $2% n Cements $63 n., Converted.
II.K. Ropes $2.60 m. at Stores, etc.
Dairy Farms $19.20 m, Wafson $4 notes, Lane, Crawfords $5.75 m. Mackintoshs; $21 m Sinceres 18 n.
Wm. Powells, 70 cts, mag Wing On (H.K) $105 m.
A Miscellaneous......
H.K. Amusements $1.85 n Entertainments $6.40 m.. 8C Enterpriaca" $1.85 m. Macao "Greyhounds", 2-n. Constructions) (old) $1.70 m.). Construction (new Vibr Ing 35 m
Ch.
GSBL
n.
"Rubber: This market was active und steady. Commission housen
were on both aides. Dealers were Winnipeg Whent:- buyers. The Trade feels that the May
steadier. The "spot" price was 3.15
on a fair prompt demand for Porto May Rican sugar to-day. Buyers were, July over, that price. Hefined sugar was Sept.
Dec. unchanged.
Con. Con, Con, Con.
2.28 2.22 2.25 2.23 2.292.28 2.812.30 2.85 2.84 2.87 2.35 2:42 2:40 2.44 241
"Flash: Trading In Pierce-Arrow Jan. (1986) 2.88 2.31 2.35 2.32) has been suspended, except for cash.
Subscription privilege expires on New York Silk:--- April 15. Brokers Loans have In-May- creased by $1,000,000,"Reuter July
Mesara, E. A. Pierce & Company's September report on the opening of the mar- kets:
1.82
·1.82
$1.345 1.39 1.82 131
85.00
68.25t
65.50 66.80 CTAO
Montreal Silver:- Trading at the opening of Wall Mag Street to day was active, with (July prices alightly higher and featuring September mining stocks..
December
In cotton, price-fixing, short- covering and foreign buying was New York Metals active, on a prediction that an un-
nouncement would be made on the Copper Jan. 12-cent loan between now and Tin Jan. Saturday
Latest Quotations
The following quotations have been received by Reuter.
IN.Y.ALondon
N.Y. Cotton
July
N.Y. Rubber
Oot
July
Sept.
Prey; To-day's
alones alon
4,84% 4.83%
11.20 11.40 10.92 1116: 11.17
11.5511.75 11.71 1187 11.87
94%
C. Wheat May 06%
July
CA Corn May 884- W Wheat, May 80%
STOCKS
Amer Smelting. 35 Con, Gai N.Y Du Pont Eloc: Band General Me!
2013
Show
98%
97%
68%
00%
Printing
PLASONABL
PRECES
"THE NEWSPAPER ENTERPRISE LTD.
CHINESE EGGS:
Further Questions In Commons
London, to-day..
In the House of Commons yester day. Mr. Henry Haslam, M.P., in- quired as to whether the Minister of Health was conducting further bacteriological examinations into 68.96t Chinese eggs, including both the 67.85t disease-producing, and the putrefac 69.00ntive micro-ganisms. Mr. G. H.
Shakespeare, Parliamentary Secre tary of the Ministry of Health, res Apr. 8 Apr. 11. plied that the Minister proposes
7.07.7.11 carry out further examinations and
promised to communi
the Isults if it were so des
49,55
traded.
48.45
nominal
S. E. Levy & Co.
"[GE"HOUSE" STRERT
BTMENT (BÄNKERS A BROKE
[NEW YORK"COTTON EXCHANGE
COMMODITY EXCHANGE, ING, NIT,
CHICAGO BOARD OF TRADI
CANADIAN, COMMODITY, EXCHANGE,