BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION uthorised Capital .............. $60,000,000| ssued and Fully Paid-up, 20,000,000
herve Funds: Sterling
£6,500,000
Bliver ....... $10,000,000 Benerve Liability of Pro-
prietors
BEAD OFFICE: HONOKOKO., BOARD OF DIRECTORS,
15. 11. Trodwalk. Bay.
Chairman,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. corporated by Royal Charter, 1868,
HEAD OFFICE: LONDON
Paid-up Capital
3,000,000
Reserve Fond
.£8,000,000 *£3,000,000
......... 20,000,000
Reserve Liability of Pro
prietors
Agencies and Branches:
for Bime
Amoriter
Ipo
622 Balgos
Bangkok
Kara
Patarla
Bombay
Kobe
Kusta
Okate
Ветр
Cawnpore
Bucking
Cobu
Madr
Cajombe
Manila
Tota
Del
Haiphong
Now Tork.
Har barg
Palping
Thingies
Flacksw
Paking)
Totana
Harbin
Latabouaga
C. 1. Kright, Ra. Deputy Chairman
W. H. Bell, Esq. K. S. Morrison Eng., Chlotha
A. H. Compton Esq.,
M. T. Johnson, Esq.
Hon. Mr. J. J. Paterson,
Miskin Esq., 7. E. Pearce E:q4
MOT
BANGKOK
* BATAVIA
BOMUAY BABALGUTTA
GANTON- OREROO AOLO 1:0
DATREN FOODHOW WAIPHONG HAMBIIDO WANKOW RAMIN
· BREW
POT
JOHOHE
KOTE
KOWLOON
Y. M. (mykirs, hog.
Chial, Manager,
DRANCHES 1-
KUALA LUMPUR LONI
LYONK
MALACCA
MANILA
NUAR (Johor)
WIKDEN
NEW YORK
PRITING FRNANO
BANGON
HAIGON
SAN FRANCISCO
HHANOITAT
SINGAPORK
FORRADAYA
BUNURI PATANI
TIENTSIN
TORYO
THINGTAO. YOKOTIANA
*: Current Ancourie opened in Local Currents ME Fited Deposits received for a year se shorter periods to Local Company and Harling farma blok will be used anglication.
+
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK.
"The Thelors of the shore Back le conēzes- the HONG KONG AND HANGJIAT
WAKKING CORPORATION.
hit on application.
Rules may ba FOR THE HONO KORD AND. SHANGHAI BANKING CORPORATION
..
V. M. GRATNORM,
Chia! Wanapok
Hong Kong, 25th February, 1985.
THE BANK OF EAST ASIA, LTD.
Eathored Capital Pold-up Capital
•
6,500,000
Serra and Individed Profile 1,421 900.00
·HEAD-OFFICE :—SIONG. KONU
11, De Vos Road Central
BOARD OF DIRECTORA ----
Als Abou- Chal
14 Koma Chun, Esq... Ist. Du
78 TAE. Fog., Clan Pot Shak Keg
Semarang Bersaban Shanghai
Singap
Biswan Bourabaya
Taiping
Tang Kond „Pirigy, Buskangs, and Camera! Zanking basthan
iraniaclad.
Cuersalissouria opasač sad. Fized Deposlis rely for one your "w› shorter perioda „at salon) which will be quoted on, ngyllenklon.
A. BREARLEY.
-Manager. Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Safeguard Your Valuáblea and Jewelleries. Deposit them in a Vault that is really:
FIRE - PROOF: BURGLAR - PROOF DAMP PROOF!
THE CHINA MAIK TUESDAY, APRIL, 165 1935
and
Commerce.
LOCAL DOLLAR STEADY
Spot Silver Declines
The local, dollar is unchanged, opening on demand this morning at 2/2.
Spot silver has fallen 1716, to 814, while forward, silver re- mains at 31%.
The London on New York cross- rates were both quoted at -U.S.$ 4.854, as compared with U.S.I 4,84%
NEW YORK STOCK EXCHANGE Reuter Quotations
OUR SAFE DEPOSIT VAULT, located on the Messanine Floor of Our New buildings Specially Con- structed to provide all of these 'Im- portant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for ̊C, Corn May 88% your own uss at a very moderate Ran-¡W. Wheat May 80% Ital
STOCKS: Amer Smelting
"April 13.
Finance
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the list of local share quotations issued to-day:
Banks.
H.K Bank $1180- B.
H.K, Band (London) £128 n. Chartered Bank £14 n. Mercantile Bank A. & B. #8134 Mercantile Bank C, #1831⁄2 hi Bank of East Asia $85% n
a.
NEW YORK STOCK
MARKET
Profit-Taking Still Recommended
OILS AND INDUSTRIALS SHOULD GO HIGHER
LEGISLATIVE YUAN
APPROVES NANKING
MUNICIPAL BUDGET
Estimated Receipts Show Heavy Drop
DECREASE OF NEARLY $4,500,000
Nanking.
In their market report. Mesara. S. E. Levy and Company, corres pondents for Messrs. White Wald and Company, New York state: The estimated total receipts and "Stocks: In view of the disap- expenditure of the Nanking pointment that no Supreme Court Municipality for the fiscal year from decision' was given in connexion with July 1, 1934, to June 30, 1935 are the Railroad Pension case, we think balanced at $6,659,007.00 showing
NEW
· ADVERTISEMENTS
'CLUB DE RECREIO
NOTICE
THE ANNUAL ⠀⠀ | ATHLETIC T MEETING will be held on SUNDAY, the 5th May, instead of the date previously advertised.
:
FRED AJ XÁVIER,
Hon. Secretary, Kowloon, 16th April, 1985,
PUBLIC AUCTION
the market acted, well. We look for a decrease of $4,408,581,00, as com- TH
THE undersigned have received instructions to sell by Pubile
higher prices droll and industrial pared with the previous year, Tissues at present, but we are in-cording to the budget recently con- Auction Am: O Finance Corp, Sh.20clined to take profits on further piled by the Comptroller General's China O. Fin. Ord., Eh. $1.80`m: bulges. Business done: 1,110,000 Office of the National Government China O. Fin. Pref Sh. $435 m. shares.
and approved at the regular meeting] of the Legislative Yunn.
Ordinary receipts are estimated at
Insurances. Canton Ins: $260 n. Union. Ins. 6392 aa.. China Underwriters $1.80 n. China Fire Inà. $400 n. H.K. Fire Ins. $215 n. International Asace. Sh. $5
** Shipping. Douglases $89 n. H.K. 8teamboats, $74 n.. Indo-Chinas (Prof.), $80, n. Indo-Chinna (Def.), 888 n. Shells (Bearer) $54/4 n. Union Waterboats $11% n.
Mining.
N.Y./London NY. Collon
July Get.
The following quotations from New York have been received by Reater
Iwat " close 10.20 17.00
April 10, 1.85 4,85 4.864
11.75 11.68 11.70 11.41 11.38 11.39
NY. Rubber
July Sept.
11.78 11.94 11.03
11.07
12.06
12.03
Antamoks 93 cts. n.
C. Wheat May 100%
July
100
100%
Balatoes $48 n.
99%
Baguio Gold. 35 cts. ii.
8054
Benguet Consolidated $14 m.:- Benguet Exploration 15 cts, n.
38% Con Gas N.Y., 22% Du Pont
38%
*38
Benguet Goldfeld 10 ct n
224
Big Wedge 10 cts. ..
93
93
93%,
Gold Creek 40 cts. n.
Elec Bond & Sh 6%
7%
General Motors 29%
20
30
Gold Rivers 10 cts. n.
Int Tol & Tel. Loew's Inc Montgomery W. 25%
7%
8
7%
38
38%
37%
Itegans 42 cta. n.
25%
25%
2744 N.Y. Central 16 Standard Oil NJ 40 U.S. Sted
-273 27%
Kailan Mining Ad. 17-
16
10
40% 3
40%
Langkata (Single) Sh. $18 n.*
31%
S'hal Exploration Sh, $8 n. S'hai Loans, Sb. $6 n.
$11,000,000
Raubs $5% n.
8,658,000 82,170,499
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Cerner of les House Street and Des Voeux Road, Cmtral
THE BANK OF CANTON, LTD. Nat Distillers
Established 1912.
Heid Off-Hong Kong.
Authorised Capital
Paid-up Capital
Woor
Total Resources
La
The Bad Wong Chu tun, Beg, and Kas Ying
Kay Tony Po, Fag.. Chlef Muungu.
Li The Poez. -., Mapeter.
BRANCHES AND AGENT 136 ±---
Mark1+
Hallo
Kaki
New York
Palping
Balila
Slapapans
Sourabaya
Manion
Beka
Puri
Bwslet
Sednas
Haiko Resalula
Kaylow
Penan
Rangoon
Thanials
Ralgow
Ben Frendos
Vancouve Toirhams
By decoration Banking and Eschangi
be transced.
Qarrest
Los, graniež na apprová:
OTTES
Arouzia operać, ja Local
and iTed Deposita cred for one
Branches: Canton, Tolahan, Shanghai, Hankow, Bangkok & San Francisco. London Bankors: Lloyds Bank, Ltd.
Foreign Exchange and Banking business of every discription traan- [acted."
SHANGHAI STOCK EXCHANGE
Little Activity Yet Noticeable
A.O.F.C. Comment
Current Accountu opened and Fixed Depasite received for ODO YOR! or shortor periods at rates which will be
Shanghai, April 10. quoted on application.
Safe Deposit Boxes (various sizes)}
Business was very quiet on the last fer hire.
Shanghai Stock Exchange LOOK POONG SHAN,
were the only Chied Manager Tuesday. Trams
shares dealt in, the price being, for both Registered and Bearer, 31. Shanghai Power 52 per cent debentures changed hands at 85-
THE
shorter periode to Locals and Farsign Of AMERICAN EXPRESS COMPANY,
bems which will be quoted so appiiracies. Hals Treponit Bosse To TAL
KAN TOXO PO,
INC.
Calad Manager.
Head Office: 65, Broadway, New York
Capital
Surplus
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China)
Besarvis
BRANCHES.com
Man
Naala
Casos Glagow The Harus
Bamburg
Harw Heidelberg Jaledakan Yarraleon London Liverpool
Head Office...Shangbal
Capital.$7,500,000.00
Amatorkam Antaky
AMELE
Hejes va
.$1,500,000.00
Branches
All Important ties
in China
Bombay
Foreign Exchange
and
General
Braces
Brused
Caire Clouble Ost Dolombo Copenhagen Dostu Balaburgh: Florence Cineve
Itera Lupins
Monte Carl Maxil Manich
Banking Business transaccounts opened
Current and Saving
and Fixed Deposite received for one year or shorter periods at rates which
will be quoted on application
BOU Z. CHANG,
Mar
HONG KONG BRANCH:
24, Des Voeux Road, Central. Manager's Office ....Tel. 88565 Foreign Exchange Dept.
Cashier's Office -
General Office
33666 38567 38509
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
WIN
Pimene
Rache Felping Pa Bolfardami Boom Shrowbal
Fontiangios Bina por Tentefo Toormlan Vienna Vic Yokoking
was
Un-
The total official and unofficial transactions on the following day amounted to 24 shares, and 14. bonds.
After one day of extremely light trading several parcels of Ewo Mill shares changed hands on. Sa- turday. 600 Ewo Ordinary shares were done at 885 for cash, an- other 200 at 8.40 and another par- cel of 500 at 8.50, both for cash. 8.M.C., F.M.C. and Telephones were done unofficially for cash in small lots.
Ipo Mining $11⁄2 'n.......
Salacots 16 cts. n.
Vons; Goldfield $5 m. Docks, etc.
H.K. Wharves $91 n., Cum. rts, HI.K. Wharves ex right 1904 n. H.K. Wharves right $11 sa. H.K. Dock $83% n. Providente (old) $1 n. Providents (new) 20 eta. n. Hongkewa Sh. $309 n. New Engineering Ch. 35 8. S'haj Docks, Sh. #120, n.
Cotton Mills,
Ewo Cottons Sh. $8.80 n. Shanghai Cotton (old)" 8h,$74 n. S'hai Cottons. (new) $45 n. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 855 n.
Lands, Hotels, etc,
Grains: Easier cables
from abroad prompted the consideration
ON
Thursday, the 18th April, 1935,
at
27
4
at 12 o'clock (noon)
at their Sales Room,
4. Duddell Street
cases Cascade Green Ale (qta.)
11 cases Cascade Green Ala
(pts.)
2 cases Cascade Red Ale (qts)
3 cases Cascade Red Ale (pts.)··
Terms: Cash on Delivery.
LAMMERT BROS.,
Auctioneer Hong Kong, April 16, 1935.
of profit-taking. Domestic crop $4,258,007 and extraordinary news suggests the accumulation of $2,401,000 making a total of $6,659,- wheat on a scale-down. Total sales: 007, against which expenditure has Wheat: 89,781,000 bushels, Corn: been arranged. The previous year's estimated receipts ware $11,067,588. 12,085,000 bushels."
A reduction of over $25,000 [ 1s] Cotton: The market quiet, with anticipated in the Business tax, but price movements narrow. We still suggest cautions and would purchase decrease is due to the fact that ex- the main portion of the estimated
jon large setbacks only.
traordinary receipts from govern-] "Rubber: There was a good ment properties were last year volume of factory buying, but out-placed at: $4,680,000, whereas this me side interests were shy in following year only $650,000 la expected from THE HONG KONG JOCKEY CLUB advances. Total sales: 607 lots..
this source. On the other hand, "Copper: The upward, impetus sp-administration receipts are estimat- pears to be temporarily spent. Weled at neary $124,000 more than last recommend traders to confine their purchases at fair recessiona.
"The dust storms during the week-end were the worst yet seen
ritory.
[year.
and the storms covered a larger ter- RAW RUBBER PRICES
(Continued on. Page 7)
Latest Quotations
The following quotations have been received by Reuter..
|N.Y./London
cross-rate
Prev. To-day's *alona Klarn
4.86
4.85 11.74
68.00
N.Y. Cotton July... 11.75 N.Y. Rubber-July 11.78 12.08 Chicago Wheat-May 100% 100% Chicago Corn--May 884 88%% Montreal Silver-May 68.90 Silver Official ...... 68% 684
Apr. 18 close Change 30 Industrials 105.42 106.98 67 up 20: Rails
30.80 20.13 .67 off 20 Utilities 17.05 17.05 unchanged 40 Bonda
94.80 84.94 14 up :/ 11 Commodity
Index
Amer Smelting Auburn
J. I.. Casc
Latest Quotations From
Singapore
Messrs. H. B. Josephi and Co. have received the following Straits Cur rency quotations from Singapore for Raw Rubber,.....
Spot-19% up
July-Sept. 214 up'1⁄4%. Oct.-Dec. 22% up %.
Market Steady. Selling price a cent higher on all positions..
EXTRA
T MEETING will be held (wear
ther permitting) at HAPPY VAL LEY on SATURDAY, 20th and MONDAY, 22nd April, 1985, com
mencing at 12.30 p.m. on each day.
The First Bell will be rung să 12 o'clock Noon.
By Order,
C. B. BROWN.
Secretary.
Hong Kong, April 15, 1935.
gone
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
59.71 80.76 .04 up 10 Leading Blocks
874
"Thrilling, trilling, de luxe!
20%
53
Elec Bond & Share
0%
General Motors
20%
Int Tel & Tel
75%
Prace Moore
HEAT
Montgomery Ward
25%
Nat Distillers
27%
ONE NIGHT
TAXES
15%
U.S. Steel
32
of Love
WATER
Debentures
H.K., and S. Hotel $4.45 5., $4.5.7. Central
b.
On Wednesday, 3,000 Shanghal Telephone 6 per cent debentures were done at $92 for cash.
.H.K. Lands $99 8a. official business
in H.K. done
Land 4% .U.S.$8,000,000.00 Shanghal-Nanking Railway, Shang-
102% n. 2,087,112.69 hai Power Preferred and S.M.C.
'Shanghai Lands Sh: $18 ne 1,995,528.31
debentures.
Metropolitan Lands Sh. $12.20 n. Humphreys $9.40 n... - H.K. Realties $5,10 ́n Asia Realties “A”, Sh. $100 m. Asia Realties "B" Sh. $15 n. Chinese Estates $90, n. China Realties Sh, $9.60 .. China Debentures Sh.$123 ni.
Public Utilities H.K, Tramways $154 m. Penk-Trams (old) $81⁄2 n. Peak Trams (new), $6 n. Star Ferries $89 Yaumati Ferries $22 m. C. Light $9,40 s. $9 b. H.K. Electrics $64 sa. Macao Electrics $25 m. Sandakan Light $7 8: Telephone (old) $22% m Telephone (new) $10.10 n. China Buser. Sh. $12.40 n. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.--
Industriali Malabon Sugar-$81⁄2 | nễ Cald::Marg) (Ord:), Bh. $15.n. Cald: Macg. (Pref.), 8h. $16 n. Canton Iced 323⁄41⁄2 22.
Kontrowt
Kurlah
Branches of American Express Com There was practically no busi- pany In Principal cities. of United nese on the exchange on Monday, States of Amerien and Canada.
only a very few debentures and
All classes of Commercial Banking Shanghai Power Preferred shares Transactions undertaken. t.
changing hands.
Personal investment accounta handled.
Government Bonds Firmness was noted, during the first five day's 'trading after the The Company - offers to intending March settlement on the Chinese Travellers the use of its "Traveler Government Bond. Market. Tran- Cheques and Letters of Credit and
however, Capital (fully paid-up) Yen,100,000,000 in addition, the world-wide wryless sactions,
were very Reserve Fund
Yen.125,800,000 sf Ita thoroughly equipped Traval De, small, the total for the period be
partment.
ing estimated at about 80,000,000. Head Office: YOKOHAMA
Despite the steadiness, · the net gains for the period were small, riot. exceeding one point.. The biggest advance was registered by 28rd Year Customs; it amounted
Branches and Agencies at:
Alexandria
Batavia
Berlin
New York
Nagasaki
Nagoya
Osaka
Paris
Peiping
Dakren (Dairy) Rangson Fengilan (Makien) Rio de Janeiro
Ban Francisco Beattie Semarang
Hamburg Hankow
Harbin
Kong Hong
Honolulu Brinking Karach
Lobe London:
Los Angeles “Manila
Shanghai
Singapore
Boerabaya
Sydney
Tientsin.
Tokyo Taingtam Yiurkow
Intocars sllowed" on Unraat Al- for and periods to be obtained on application. CXISHINAMI,
Kong 11th March 1998
'DUGGAN,
Manager,
THE WING ON BANK to 95. Nevertheless, there was
LIMITED
Head Ofee: Hongkong. 26, Des Voeux Road Central Authorised Capital $10,000,000:
LONDON BANKERS; Westrainster Band, Ltd.' Foreign Exchange and every descrip tion of banking businesses transacted, Current Account Fixed Deposit and Savings
Accounts opened.
optimism prevailing regarding an advance in the near future.*** advance in
THE SHANGHAI COMMERCIAL |& SAVINGS BANK LIMITED:
(Incorporated in China)'..
Capital paid up $28,000,000. Reserves............ARYZEN 7,000,000) Reserve Savings Dept 400,000 Capital Savings Dept. $500,000, received at rates which will be quoted Head Office-Blga
application. Special I rates given f Spécial deposits.
Fon
Trusteeship and Executorship unders takon, Bafe Deposit Boxes for hire.
PHILIP GOCKCHINSAN
LA COCKCHINHANGAZI SHU FONG) - Asst:"ManuEON
Aust, Manabet
A Bank having an ita misa
Industrial development
and the fostering
cial relations mbron
Hong Kong olies.
B Phone 314
Cements $0% n. Converted.
·H.K. Ropes #2160_n
Stores, etc. Dairy Farms $19.20 n. Watson $4 A
"Lane, Crawfords: $8,75 n.
Mackintosha, #21 n. Bluceres $8
Wm. Powells, 70 cts, n. -Wing On (HK.) $105, n..
Miscellaneo
HR. Amisaments $1.88 n. * Entertainments. $6.40 n. ** ⠀⠀8.C. - Enterprises $1:35_n.
Macao Greyhounds” $2 n."- Constructions (old) $1.70 n. Construction (new) 45 cts; u. Vibro Filing $5 n.
Ca Goyt 69% 1925 G#Bds
Business, Done:-1,110,000 shares.
COMMODITY PRICES FRIDAY AT THE STAR
The
following quotations have been received by Reuter. New York Cotton:-
May July
October
December [Jan, (1936)
March
Spot ....
Apr. 14. Apr. 15. Closing Closing 11.67 11.89 11.75
11.74
New York Rubber; Dan.
Is It Insured?
“Insurance - All Glasses. LOWEST RATES
American Asiatic Underwriters
Fed, Inc., USA.
11:41 11.49 11.49 11.49 11.53 11.63 11:59
11.64 11.95 12.00
May July
11.68b 11,97
11.78a 12.06
September October
11.98
12.21
Head Office
11,98a
12,28-17, The Bund
December
12.13
12.44
Shanghai
January":
12.21
12.51
Chicago Wheats
May July
1004
100%
100
99%
September
-100
· 100%
Chicago Corn:-
May
884
July
884
September
.88% 82 794 7744
Winnipeg Wheat; May
89% 9015
8914 1901
New York Sugar:--
No. 1 No.3 No. I No. 8.
Con. Con. Con. Con.
May
July
2.29 2.27 2.81 2.80 2.36 2.85 2.88 2.87
Sept.
2.42 2.40 -2,442.43
Dec.
[2.49 2.46 2.51 2.48
[Jan (1936) 2.39 2.34 2.42 2.35
May July
New York S
1.88 1.88
September
1.88 1.86 *1.51% 1.85
Montreal Silver: May July
68.00 [69:50** ·69,00
68.60
September December
69,80
HK. Govt. 4% Loan, 6%% pTEIL Asked
70,85 71256 71.00
New York Metals;---
H.K., Govt. 31% Loan 2% prem. Diges
Wallace Harpers 46.2.
Copper January
bld
Apr. 11. Apr. 15)
7.11 27.12 495549,253
General Agenta
B.K. Ofee Asia Life
Balding
Tel, 30234
CHITS
SAVINGS
SAVE SOMETHING
START NOW
UNDERWRITERS SAVINGS BANK
FOR THE FAR EAST, INC.
Azia Life Building
Tour Tour
Tel. 80254
S. E. Levy & Co.
-HOUSE-STRET
INVESTMENT BANKERS" BROKERA
NEW YORK COTTON EXCHANGE
COMMODITY: XXCHANGE, INC. NY
(CHICADO BOARD, OF TRADE
CANADIAN COMMODITY EXCHANGE, INC
NEW YORK,