BANKS
ONG KONG AND SHANGHAI BANKING CORPORATION
horised Capital...... ed and Fully Paid-up
Kerve Funds-
Sterling .....
£6,500,000
$50,000,000 20,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Paid-up Capital
Reserva Fond
20,000,000 Reserve Liability of Pro-
23,000,000 ..2,000,000
prietora
.41,000,000
Agencies and Brancher
| Alor Blaz
Amritese
Jpch
Bangkok
· kiang
flaus
·Renarsag Beremban
Silver. $10,000,000 Barva Liability of Pro-
Frietors
HEAD OFFICE: DUNGEONO, BOARD OF DIRECTORA.
-8, H. Dodwell R
Chairman,
Knight, R.
Depcly Chainm-
H. Bell, Esq. K. S. Morrison Esq
SK. Compton Esq..
M. T. Johnson, Esq.
Miskin Esq., T. E. Pearce Esq.,
T. N. Greykum, hog.
Chief Manager,
BRANCHES om
Baby. Calzi
Hon. Mr. J. J. Paterson,
SMOT BANGKOK LATAVIA
Lò BẢY BALOUTTA BANTON. CHEFOO COLOMBO DAIREN. POOCHOW „MATPTIONG
THAMTITK НАНКОУ TARMIN SKOSOKEW
OHORE
KOLE
KOWLOON
KUALA LUMPUR
LONDON
LYORS
MALACCA
MANILA
MUAR (Joben)
MURDER
NEW YORK
PEIFING
PENANG HANDOUR
BALOON
HAN FRANCISCO
BHANGAT.
SINGAPORE
LAURA HATA
SONGEI PATANI
TIENTSIN
TOKYO
THINGTAO
YOKOHAMA
Parent Account opened in Local Currence
d. Find Deporite roved for one THS DE Pastrar perinde in Local Company and Beling enterats which will be queled on application, Hong Kong, 6th April, 1035.
HONG KONG SAVINGS BANK.
Robe
Lympus
Xucking Madran
BB
Cobo
BILL Sosisy Taiping
Colembe
Manila
Delhi
Medan L
Tonhah
Halpan
New York
Iambe
Haskor
Harbis
Popics
Tog WOLDE
Zalet Yok.me
Bambangs
Bong Long,
Foreign Bunkerge and Bomaral Banking busine
THE CHINA MAIL FRIDAY, APRIL 26, 1935
Commerce and Finance..
LOCAL DOLLAR SOARS
Silver Prices Rise
The local dollar has advanced a further 1%, opening on demand this morning at 2/5,
Spot silver as quoted at 34% while forward ailver was quoted ati 35.
The London on New York cross- rate was quoted at £-U.S.$4.88. as compared with U.S.$4.89% while the New York
on London
· Current Accounts--opened and Ful Depolcross-rate was quoted at
|rsos[red_for_non your or shorter pelada, në raise
which will be quoted na appēlesšios.
A. BREARLEY,
Manager. Hong Kong, 1st. January, 1935.
SAFETY FIRST!//
To Safeguard Your Valṇablan
10", and Jewelleries. Deposit them in a Vauly that is really: FIRE - PROOF." BURGLAR - PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor of Our New building is Specially Con-
US.$4.83%, Rs compared with £- U.S.$1.834.
SHARP RISE IN. SILVER
London, to-day-Another sharp rise was recorded in silver yester day, following the raising of the United States price.
Spot' increased 2-1/16 to 34%d... the highest touched since October 1924-British Wireless Service.
RAW RUBBER PRICES
stracted to provide all of these Im- Latest Quotations From
portant Qualities;
You may obtain a Safe Deposit| Ofta Ayelneur of the avera i cadas
Box in this most up-to-date Vault forj the HONG KONG AND SHANGHAI
But oey - your own use at a very moderate Rèn- ASKING CORPORATION. Abtained on ..
{tal.
IM THE BOND KONG AND HUANGITAI RASHING CONTURATION
V. M. GRAYBURN.
Cho Mangas,
Hong Kong, Chth February, 1935.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
-up Capital
Moterys and udlsided Prote
.
F
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street und
Des Voeux Road, Central.
Singapore
Messrs. H. B. Joseph and Co., have received the following Straits. Cur. rency quotations from Singapore for Raw Rubber.
a
Spot 19 % Up % July-Sept. 20 % Up Oct-Dec. 22 Up 1%.
Market: Steadier.
Selling price cent higher on |
00,000.00 THE BANK OF CANTON, LTD. all positions.
$7,04, 200.00
HEAD OFFICE: HONG KONG.
1 Vasa Zion Central,
BOARD OF DIRECTOR:
Koon Cheu,
P. K. Kwok, Eng.... Wong
Tong. Eng.. Chan Thing Shok, Et Len
E., Woof C1 Son, Bey, and Bus Five
Kan Tong Po. Eng., Chin! Managır.
BRANCHE AND AGENCIES |--
Bela
Bhanghai.
Kaalila
Air De
Bemarang
Momba...!
Nagk
Blowin
New York
Seniom
Singapore Bournays
Purin
Hanley Fasolle
Baricen
bydary
Friede
Talbok
Ital
Bagon
Takya
San Franc
Motor Yotekama
1'riping
Currenc 2008
Every dorpion of Daubing and Exshongs Loue ginuled approved
PROELLA,
. Carl
or
Aroun apesać la Local 264 Fixed Deposite caired for one sbarier perinde in Local and Foreign Currencies * fotos woich will be quoted no application.
Bale Report Deere To L
Capital
SAN TONG PU,
Chief Manight..
..$7,500,000,00
Established 1912
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital
11,000,000 8,655,000 12,170,492
Fotal Resources
COMMODITY PRICES
The following quotations bave
Branches: Canton, Tolehan, Shanghai, been received by Reuter.
Hankow, Bangkok & San Francisco,
London Bankers: Lloyds Bank. Ltd.;
Foreign Exchange and Banking
business of every discription trans-New York Cotton:—~ acted.
Current Accounts opened and Fixed May Deposita recetrød for
one year or July
shorter periods at raten which will be October quoted on application.
December
Safe Deposit Boxes (various sizes)
Jan. (1936) foz hire.
LOOK POONG HAN, March
Chief Manager Spot
INC.
Head Office: 65, Broadway,.
New York.
....U.S.$6,000,DOD.DO ............. 2,087,112,69
BRANCHES:-
Capital
Reserves
Peipias Paterme
Boa
LOCAL SHARES.
TO-DAY'S QUOTATION
The following is the Ust of local share quotations issued to-day:
*Banks,
n.
H.K. Bank $1000 ». H.K. Bank (London) £125 ni, Chartered Bank £14% n. Mercantile Bank A. & B. #811⁄4 Mercantile Bank C. #18 n. Bank of East Așia $81 n. Am: 0. Finance Corp., Sh.815 n. China O: Fin. Ord, Sh. $1.80 m. China O. Fin. Pref. Sh. $4% n.
"Insurances. Canton Ina, $215 n. Union Ins, $3.75 6. China Underwriters $1% 8. China Fire Ins. $400 n. H.K. Fire. Ina. $215 m. *International Assce. Sh.$4% n.
Shipping.
Douglases $30 n. H.H Steamboats, $74 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $38 m. Shells (Bearer) $53/11⁄2 n. Union Waterboats $11.
Mining.
Antamoks 98 cts. n. Balatoes $43 n. Baguio Gold 25 cta, så. Benguet Consolidated $14 n. 'Benguet Exploration 15 cts.
Benguet Goldfield 10 ets, 1. Big Wedge 8 cts. n. .Gold Creek 40 cts. n.
Gold Rivers 10 ets. n. Ipo Mining $14. It gans 42 cts. n. Salacota 16 cts. Kailan Mining Ad. 18/- n. Langkats (Singli) Sh.$14 n. S'hal Exploration Sh.$4%. n.. S'hal Loans Sh.$5.n... Raubs $5% n. Yenz; Goldfield $5 n.
Docks, etc,
NEW YORK STOCK MARKET
Majority Of Trading
Done In Metals
FUTURE BUSINESS DEPENDS
ON LONDON SILVER PRICE
NEW
WEW
ADVERTISEMENTS
NOTICE.
TE beg to announce that we have been appointed by
PUBLIC AUCTIONS
THE Undersigned have received THE
Instructions to sell by Public
the Westinghouse Electric." Inter-Auction national Co. their Sole Distributors for Hong Kong & South China for
MUSTARD & CO. LTD.
in their market report, Mesars, their Refrigerators, Fans, and Elec- S. E. Levy and Company, corres-trical Appliances. pondents for Messrs, WhiteWeld and Company, New York, state- "Stocks: Metal stocks comprised the major part of the volume of trading to-day. We expect a con- tinued rise contingent on a furtherj
NOTICE.
rise in London silver. In the ab-E wish to sence of a rise in London, we ex-
W our distributors
On.
Wednesday, the 1st May, 1935 commneneing at 2.30 p.m. at their Sales. Room,, Duddell Street
A Quantity of
VALUABLE HOUSEHOLD
comprising:
FURNITURE
Chesterfield couches and arma-
that chaire, Wardrobes, Dressing tables, Home Washstand; Hatstand, Bedsted,
pect heavy profit-taking in this Kong and South China are now the Sideboards, Dianer Waggon, Dining
group, which would undoubtedly following: spread to the balance of the list. Business done: 1,690,000 shares:
"Grains: The market acted better than had been expected. We would prefer chases on weakness.
The strength of Securities
and
For Power and Industrial Equipment,
MESSRS. REISS MASSEY & CO. LTD. For Refrigerators, Fans & Electrical Appliances
tables, Armchairs and chairs, Chests of drawers, Cupboards, Book cases, Cabinets, Filing cabinets, Desks, Round and square tables, Tes. poys.
Silver ware, Brass ware, Glass ware, Porcelain ware, Cutlery, Ornaments, Tea sets, Dinner, ser.
some short covering of May cotton MESSRS MUSTARD & COMPANY vice, Wall and table clocks, Grama-
were the principal influences. Of ferings have increased on the ad-
vance."
♪
"Rubber: There was n amall volume of trade and speculative buying. The market was hesitant. Total sales: 221 lots..
LTD.
WESTINGHOUSE ELECTRIC INTERNATIONAL CO.
T. V. S. Skinner. Special Representative.
IN THE MATTER OF THE COMPANIES ORDINANCE 1911, and
Our New York office cables: Recd. 10.36 p.m.: Grains: Bar- ring some confusion at the opening, we expect little change in prices.
Recd. 11.04 p.m.: Grains: Fair rains are expected in the drought IN THE MATTER OF MAISON territories.
MARNAC LTD.
Reed. 12.48 a.m. Grains: The (IN VOLUNTARY LIQUIDATION) n.worst appears to be over and pur-
chases on declines are preferable.
"Flash: Brokers Loans have in pursuant to Section 188 of the creased $100,000,000.”
H.K. Wharves 500 n. Cum. rte.
H.K. Wharves ex right $90 m H.K. Wharves right $10 b. H.K. Dock $94 n. Providents (old) $1 n. Providents (new) 20 cts. D. Hongkews Sh.$275 n. New Engineering Sh.$5 n. S'hal Docks Sh. $110 n.
'Cotton Mills. Ewo Cottons 8h. $8.80 n. Shanghai Cotton (old) Sh.868 2. S'hal Cottons (new) $42.n.: Zoong Sings Sh. $8. Wing On Textiles, Sh. $55 1.
Lands, Hotels, etc. 'H.K. and S. Hotels $4.65 8..
H.K. Lands $89 n. H.K. Land 4%
100% n.
sales.
President Roosevelt is to
NOTICE IS HEREBY GIVEN
phones and records, Oil paintings, Pictures, Carpets, Rugs, Blackets, Mosquito nets, Curtains, Linen, Typewriters, Binoculars, Carios, Cooking utensils etc., etc.
also
A Quantity of BLACK WOOD FURNITURE including: We
Joss tables, Armchairs, Chairs, Tea poys, Flower stands, Jar dinleres, Cabinets, Desks, tables,
etc. etc.
Band
Three Pianos
One Enamelled Bath
Six Underwood Typewriters On View from Tuesday the 30th April, 1985.
Terms: Cash on Delivery
LAMMERT BROS,
Auctionera.
Hong Kong, April 26, 1985.
T
Companies Ordinance 1911, that E. A. Pierce And Co's Report
the Final Meeting of Members will In their market report, the American Oriental Finance Cor Percy Smith, Seth & Fleming, No. 6 be held at the offices of Megara.
poration. correspondents for
Des Voeux Road Central (4th) Messrs. E. A. Pierce and Company Floor) on MONDAY, the 27th day of New York state:
of May, 1935 at 12 o'clock noon for "Stocks: All silver stocks were the purpose of receiving an account THE Undersigned have received
On. strength strong this morning. in the afternoon, the whole market winding up has been
showing the manner in which the instructions to sell by Public
conducted} Auction appeared to encounter realising and the property of the Company make a radio broadcast speech on explanations that may be given by disposed of, and of hearing any Sunday night.'
the. Liquidator, and also of deter-i "Grains: Both the wheat and cornmining by Extraordinary Resolu-| markets were erratic, the Rosen- tion the manner in which the books, baum Grain Corporation's situation accounts and documents of the being responsible. Early in the day Company and of the Liquidator there was some reinstating of post-thereof shall he disposed.". tions and support from clients and
Dated the 26th day of April, commission houses seemed forth-1935. coming during the day.. Good rains were reported in Nebraska and In parts of Kansas, though the dry sections of the latter have received little rainfall. The strength of sil- ver was an influence.
"Cotton: The strength of the mar- két was due to considerable covering of May and July options, together Debentures with buying of new crop cotton by
Apr. 24. Apr. 25. Closing Closing
11.43 11.70 11.59. 11.72 11.20 11.35 11.25
1.1.44 11.29 11.47 11.36. 11.59 11.80 12,00
THE
AMERICAN EXPRESS COMPANY,
New York Rubber:-- May July September ... October
December January
11.67 11.76 11.78' 11.90 11.88 12.02 11.05 11.07 12.12 12.20 12.17 12.27
1,096,328.31
Chicago Wheat:-
May
98
July
Amulets
AGAMITY
Ваков Olarga
เม
September
98 08
97%
97%
Ni
Athan
The Itaque
Hapi
Нотала
Plissa
[Chicago: Corn:—
Bentse
Hamburg
Paria
Berit
May
Bombay
Barra Heidelberg
July
Brun
General
Brusli
Calon Calcuits Cannes Colorabe.
Lupang Copechagen Lakor Dublin
Wersailles 24inburgh Monte Carla Places G&POTE
Interlaken Jerusa London Liverpenl Lucerne
Relerda Bbinghal Bothampton Biampor Makia..
September
882 8744 83% 8236 78% 78
Shanghai Lands Sh.$20% n. Metropolitan Lands Sh. $10 n: Humphreys $94 n. H.K. Realties $4.85 n... Asin Realties "A", Sh. 875 n. Asin Realtics "E" Sh. $10 m, Chinese Estates $90 n. China Realties Sh. $7 n. China Debentures Sh.$128 n.
Public Utilities
Tami
Vloca
Manila
Vasice Tokom
Winnipeg Wheat:-- May. July
8794 87% 88%% 88%
H.K. Tramways $14 n. Peak Trams (old) $8 Peak Trams (new), $6 x. Star Ferries 389 n.
m.
Munich
New York Sugar:-
Personal investment accounts handled.
May July All classes of Commercial Banking Sept. Fransactions undertaken.
Dec. Jan. (1986)
New York Silk:- May
1.33 134 1.84. 1.38% 1.82 1.83
Yen.125,300,000
72.40
75.30b
E W. DUGGAN,
Nagasaki Nagoya
July September Manager December
bbid New York Metala: Copper Jan.
73.00 76.805 73.70 76.67b 75.35 78.008
7.12
THE CHII: & SOUTH SEA BANK, Surplus
LIMITED
(Incorporated in China)
Head Office...Shanghai
Reserva
Branches
.$1,500,000.00
AD
Foreign Exchange.
Important Cities
in China
And Hanking Business transacted,
Current and Saving Accounts opened and Fixed Deposits received for ona year or shorter periode at rates which Md be quoted on application.
Monirax
SOÙ Z. CHANG,
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central.
Branches of American Express Com- Manager's Office......Tel. 33565
pany 82666 Foreign Exchange Dept. „
In Principal cities of United States of America and Cazala. General Office
Cashier Once
#
83567
THE YOKOHAMA SPECIE BANK LIMITED.
the Far East. Modest speculative purchases were induced by a higher
« Securities market. We believe that the market will meet with more sell- ing from these levels upward.
1
S. HAMPDEN ROSS,
Liquidator.
Is It Insured?
Insurance All Classes LOWEST RATES
American Asiatic Underwriters Fed, Inc., USA. General Agents
"Sugar: Actuals were firm, with Head Office prices
unchanged.
Philippine
Shanghai
sugar's in store were sold at 3.35 17. The Bund cents. The futures market was ir-
regular, with a steady tone.
(Continued on Page 10)
A
H.K. Ofice
Asla Idfe
Building
Tel 30236
COMPLETE nes
LOW PVICES
THE NEWSPAPER ENTERPRISE:LTD.
On Thursday, the 2nd. 'May, 1936 commencing at 2.30 p.m. at their Sales Room;" No. 35, Hankow Road, Kowloon
A Quantity of ** VALUABLE HOUSEHOLD
FURNITURE
comprising:
Chesterfield Suites, Tesk ward- robes," Missing tables, Plaing tables; Armchairs and chairs, Cheats of drawers, Deska, Cabinets, Silver 'ware, Brass ware, Aluminium ware, Rattan ware, Glassware, Cutlery, Clocks, Ornaments, Table lamps, Oll paintings, Pictures, Shanghal bathy Piano," Carpets, Rugs etc, etc,
and
A Selection of Black Wood Ware On View from Wednesday the 1st May 1985.
Terms: Cash on Delivery
NE LAMMERT BROS..
Auctioners. Hong Kong, April 26, 1935;
THE Undersigned have received instructions to sell by Pubile
·Auction "
On
Friday, the 3rd. May, 1935 commencing at 10.00 am
at No. 377, The Peak,
A Quantity of 25
VALUABLE HOUSEHOLD
FURNITURE SE
On View from Thursday the 3rd.
May 1935. A
7 Terms: Cash on Delivery
LAMMERT BROS,
Auctioners.
Hong Kong, April 26, 1935.
Established 1880
No. 1 No.3 No. 1 No. 3 Con. Con. Con. Con. 2.36 2.36 2.38 2.38 2:44 2.43 2.44 2.42 2.51 2,48 251 2,48 2.59 2.65 2.59 2.54 2.46 2.36 2.45 2.36
The Company offers to intending Travellers the use of Ita "Travels July Cheques" and Letters of Credit, and, September Spital (fully paid-up) Yen.100,000,000 on, the world-wide services Montreal Silver:
Reserve Fund
Head Office:-YOKOHAMA
Branches' and· Ágeneles at:
Alexandria
Batavia Berlin
Bombay
Ualcutta
(Dalny)
New York Ozaka Paris Peiping
Rangoon
ssion (Mukfen) Rio de Janeiro
Hamburg
Bankow Harbin
Benolulu *Banking
San
Franciaco
Beattie Bemarang Shanghai Singapore Sourabaya Sydney Tientala
Tokyo Tsingtan Yingkow
f its thoroughly equipped Travel Do May partment.
THE WING ON BANK Tin Jan.
LIMITED
Hend Offer: Hongkong. 26, 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 Deposit received at rates which will be quoted on application. Special rates given fr Ao-Special deposits,
Drvosita recefred For Road - periods lates to be obtained on application..
RCA KISHINAMI, ANTRA Men Manurer, Kos 11th March, 1986,
Trusteeship and Executorship under- taken. Safe Deposit Boxes for kirs,
PHILIP GOCKCHIN Chief Manager
LGOCKCHIN Asst. Manage
LIBIU FONG Asst Manager!
7,02 48.95 48.66
THE SHANGHAI COMMERCIAL &SAVINGS BANK LIMITED
(Incorporated ini' Chini).
Capital paid up $5,000,000. Reservas
**$7,000,00 Caplial- Savings Dept. $500 Reserve Savings Dept. $600,000. Borg, Head Offen-Shanghai
A Bank having as its sainsion the industrial development of China and the fostering of har commAGE dal relations abroad, dou Hong Kong ollen-7. Les Haute |
Phone 3141.239
Yaumat! Ferries $22 s.
C. Light $9.40 8... H.K. Electrics $64/634 88. Macao Electrics $25 . Sandakan Light 57 6. Telephone (old) $221⁄2 30. Telephone (new) $10.10 n. China Buses Sh. $11 n.
Singapore Traction 10/8 n.
Singapore Pref. 20/6 n.
Industrials
Malabon Sugar 8% n
GOVERNMENT NOTICES.
PUBLIC AUCTION"
ARTICULARS & CONDITIONS
PAR
of the Sale by Public Auction
Cald: Macg. (Ord.), Sh$19% n. to be held on MONDAY, the 29th Cald: Macg. (Pref), Sh $142 n day of April, 1935, at 8 p.m., at
Canton Ices $24.
Cements $7.40 n. Converted. H.K. Ropes $2.50
Stores, etc. Dairy Farms 816 s Watson 83% n Lane, Crawfords $91⁄2 1. Mackintoshs, $21 m Sinceres $8 na Wm. Fowells, 70, ets. n.. Wing On (HK) $105 .
• Miscellaneous. H.K. Amusements $1.85 u, Entertainments $6.40 n. S. C. Enterprises $1.35 m... Macao "Greyhounds" $2 n. Constructions (old). $1.40, n. Constructions (new) 45 cts, n Vibro Piling $5.
Ch. Govt. 5% 1925_G$Bds-
98% n
H.K. Govt. 4% Loan, 61⁄2 prem.
H.K. Govt. 84% Loan 2% prem
Wallace Harpers 136 1
the Officer of the Public Works Department, by Order of His Ex- cellency, the Governor, of one Lot of Crown Land "at Ho Mun Tin in the Colony of Hong Kong, for a term of 76 years, with the option of renewal at a Crown Rent to be fixed by the Surveyor of His Majesty the King, for one further term of 75
years..
PARTICULARS OF THE LOT.
"Registry Ne
Boundary
W
S. YOU & Co.
7, ICA HOUSE FIREET
INVESTMENT BANKERS BROKERA
NEW YORK COTTON, EXCHANGE :. COMMODITY EXCHANGE, INC, NY. CHICAGO BOARD" OF. TRADE ·
CANADIAN COMMODITY KICHANGX, INCL
·CORRESPONDENTS: FOR