BANKS
SHONG KONG AND SHANGHAI “BANKING CORPORATION
uthorised Capital ....... $50,000,000 Hamed and Fully Paid-up- 20,000,000}
serve Funds: Sterling
£6.500.000 $10,000,000.
eserve Liability of Pro-
etors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Inearporated by Royal Charter, 1855.
HEAD OFFICE: LONDON
20,000,000 Reserve Liability of "Pro-
HEAD OFFICE: HONGKONG. HOARD OF DIRECTORS.
~~H. Dadwell, E«q.
CC Knight, Ying..
Dueaky Chairman.
Hon. Mr. W. H. Bell
EL Compton Esc..
Paid-up Capital. Reserve Fund
prietors
Agencies and
Dažo
£3,000,000. „£73,000,000
0,000
· Ameitene
Bangkok
Bombay
Kobe
Inching
Shanghai Singapore
Sourabaya
Coferobe
Haiphong
Xew Jack
Hamburg
Fandre
3. A Plammer, Esq. Casares
3. T. Johnson, Esq. Hon. Mr. J. J. Paterson, Miskin Esq. T. E. Pearce Esq.,
MOT ZLIGION.
COMBAT DALCUTTA
CHEFOO SOOLOMBO
TOO BOW
SHAIPHONGE SARA MPIRETIRE KAKKUW
TOKO KIW
XPOSE
JOEL
ZOWLOOK
T. X. Omrbata, hog
SCALA LUM LANDOY
TTONS
XALACCA YANILL
MCAR Cohova) YIXDEN
NEW YORK
PEMINE
PENANG
BANGOON
MAIGON
SAS FRANCISCO
SHANGHA
SINGAPORE
POCRABAZ
SUNGEI PATAKI
TIEXTSTE
TOKYO
TSINGTAO TOKOHAMA
Cement inencats opend ke Losal Care and Fine Deposim zeceived for one year of sevier puciods is Loval Computy and Sterling
• war which will be quoted in appămation. Hong Kong, 7th May, 1935
Hallan
Puising
(Peking) Nome
Tengo
Zarahonaga
which will be good, on syylandiam.
THE CHINA MAIL, FRIDAY, MAY 10, 1935.
and
Commerce
Finance
COTTON SITUATION | NETHERLANDS FAIR
Disparity Between Spots And Future To Be Levelled
U.S. MOVE CONSIDERED
-FAVOURABLE
London, To-day.
"Better late than never is
THE BANK OF CANTON, LID. parity between Spots and Fu-
OF 1935
B
Successful Despite Bad Conditions
FEWER FOREIGN EXHIBITORS BUT BIGGER DISPLAY
The thirty-second "Royal the consensus of opinion in cot-Netherlands Industries Fair. For bugs and General Banking but for circles here regarding yester which was held at Utrecht from Comment becouse open and Find Daycal City's announcement by Mr. Oscar March 12 to March 21 inclusive. routed for me per be shorter, patiala se nam Johnston. Liverpool-Distant Fu-as been considering general
conditions, successful · from tures immediately responded A BREAKLEY.
business point of view Articles Manager with higher prices. Hong Kong, 1st. January, 1935.
It is believed that the object of primary necessity were bought of the Agricultural Adjustment against lower prices and in Administration's action is to smaller quantities, it is true, but level out the considerable disthe number of orders was larger. The turnover of various parti- tures, which may be gradually cipants belonging to the alimentary achieved, thus rendering-hedg-industries showed a higher figure ling operations, which have re than that of the Spring Fair in In the group Household Authorized Capital ... $11,000,000 cently been exceedingly dificult. 1994. Paid-up Capital
32,170,42 again possible and stimulating Articles and Fancy Goods there was a good demand for novelties. An Total Resources Branches: Canton, Toisban, Shanghai American cotton exports.
| increased interest was noticed for Hanbow, Bangkok & San Franciaen.
machinery and tools, in connection London Bankers: Lloyds Bank, Ltd.,
with the fact that a great many Foreign Exchange and Banking business of every discription trans-
industrial undertakings require new plant through having to conform to Current Accounts opened and Fixed
changed conditions and also one year OT
account of the necessity of renew- shorter periods rates which will be quoted an application.
ing old machinery which has been! kept
too long under the Istress of economy.
For the first time this Fair showed products of the Netherlands art-silk industries.
Estabāsta 1912.
→Head Ofcas-Hong Kong.
BONG KONG SAVINGS BANK Deposits recurred for
The Boximam of the above Bast he could make
T PHỐ ĐÊM HỒNG 100 LO SANGELI SARKING CORPORATION..
sippication.
OR THE HONG KONG AND SHANGRAI BAXTIN CORPORATION
.
... GRATEDEN,
Hong Kong. 23th February, 1935.
THE BANK OF EAST ASIA, LTD.
Lamberto Capital Pull-up Capital
2-$10,800,000
$ 5,298,500.00
Bemeta, and. Catividad Profite $3,406,900.00-
HEAD OFFICE-BONG KONG
2. Des Tara Road Ceasesk."
BOARD OF DIRECTORS:
Sie Soon-son 4 hot, Chairmata,
8,655,000
Safe Deposit Boxsć (various sizes) [for hire.
LOOK POONG SHAN,
Chief Manager
SAFETY FIRST!
To Safeguard Your Falblas and Jewelleries.
Deposit them in a Vanha
that is realy:
FIRE PROOF
· BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT, VAULT
EXCHANGES
TO-DAY'S QUOTATION
On London~~
On Singapore--
On TT. and demand
4 months sight
-2/4/%
Credits 4 months" sight 2/5
On Shanghai
On demand
139
On demand
99%
On Japan
On demand
19734
Ou India
On T.T. and demand
15474
On New York-
On demand
Credits 60 days” sight
562 59
On demand On Paris
$33%
On demand
8574
Tom Cleod, Faq wok Im From Keated on the Mexzanine Floor of On Batavia-
Tong Eng, Chan Ching Shak, Lege Lé Les Our New building is Specialty Con- Hang Tag Wang Chu Son, Eng, and Inn The structed to provide all of these Im-
I'm Long Po. Eng. Chdet Kounger.
* Za Pong. Tegu Xanage
· BBANCSES. AND ARENOTES:----
Sanda
Malbourne
Sasaki
Yew York
Osaka: Paris
Paiping
Pecang
Tobakocs
¡portant Qualities.
You may obtain a Safe Deposit! Box in this most up-to-date Tank for Credits 4 months' sight. 9072 your own 180 ̊at a very moderate Ran-On
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD.
Cerner of Ies House Street and Den Tours Road, Central
Saigon
On demand
O Manila
On demand
Rangon
Sea Facions
at Banking and Zuhanya bodian STAR Lo grutted we apprend.
Current Arcouste mai in "Local Durres
Find Deposit zweeted for monyet (a) sharter periods in Lucul und” Fumiga Carendes ak bertha- which well, he quoted, an "appčiantion.
·Sets Imposés Joces. To Ze
ILE TONG PO.
THR
AMERICAN EXPRESS COMPANY, Copper Cents
*INCL
Head Office:-65, Broadway, New York
.U.S.$5,000,000.00.
· sànemoase 2,087,112.89 ******* 1,995,528 XI
BRANCHE-
Rate of Native Interest Chinese Sub. Com Hong Kong Sub Cóin
27%
LONDON EXCHANGES
THE CHINA & SOUTH SEA BANK,
Head Office-Shanghai
Branches
Capital Summalize Reserves
mise
on
The number of participante num- bered 1,691 against 1.725 at the previous Spring Fair. The number of visitors increase compared withi March 1934 Against a decrease in the participation of foreign firms, there was an increase of collective foreign exhibits. For instance, Switzerland was represent led by a pavilion of its own, in which; also the Swiss clockwork industry participated Belgium came with an extensive, mkny-sided section and Germany with a collective ex- hibit of maufactures, joined with a general industrial show.
COMMODITY PRICES
The following quotations have been received by Beater.
Pres. Yesterday Closing Closing
par.New York Cotton:-
May 8. May 9.
852
113.
On Bangkok-
On demand
797
Soveigns bank buying rate
Bar Silver per óz Copper Cash
2/54% 323%
nom
.3% pa
dis. May -par. July
11.84 11.93
11.87
11.98
October December Jan. (1936) March
11.50
11.75
11.56
1182
11.57 11.86
11.63 12.94
London, Yesterday.
Spot
12.25
12.40
Paris
73 39/64
New York Rubber:-
New York
4.85
Мат
BL60
11.65a
Montreal
4.8534
July
1171
11.78
28.67
September
11.842
11.68
.. 15.
October
11.90
11.95
7.174
December
12.05
12.11
58%
January
1213
-12-202
12.07
| Chicago Wheat--
116
May
954
9534
35%
July
9534
96-
40% S.0.
1/878
September
95%
| Chicago Corn:---
War Loan 3
2/4 7/16
32 32/11/16 106 -British Wireless Service
May
89
July
8934 8132 -8214
September Winnipeg. Wheat May July New York Supers--
76%
86%
8854
87 887
J
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
May July Sept.
£35,000,000.
Dec.
Brussels
Geneva
"Amsterdam
LIMITED
*chardam
Kanga
Kon
(Incorporated in China)
Athens
Kestne
Capital
---$7,500,000.00
*The Hague
Keratin Hawry
Ferti
Reserve
$1,500,000.00
Bombay
Here Heidelberg
All Important Cities
in China
Bean
Prananla
Caine Colectia
Columbe Cogne- Dublia Edinborgh Floresor Cremers
Peiping Palme Botredam
Shanghai Borthampton
Milan
Berlin
Prague
Madrid
Yonia Cacia
Manich Montesor
Yokohnata
Foreign Exchangy
and General
Basking, Business transacted.
Current and Saving Accounts opened and Fixed Depozita received for on year or shorter periods at rates which will be quoted on application
SOU Z. CHANG,
Manager HONG KONG BRANCE: 24, Des Voert Road, Central. Manager's Office, „Tel. 21565 33668 Foreign Exchange Dept...
35567 *3569
General Offer
Cashier's Office
Branches of American Expres. Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Fransactions undertaken.
Personal investment accounts
THE YOKOHAMA SPECIE BANK handled.
LIMITED.
Established 1880°
The Company offers to intending Travellers the" use, of Its ́ "Touralorí }Cheques" - and Letters of Credit and, In addition, the world-wide services "apital- (fully paid-up) Ten300,000,000 its thoroughly equipped Travel De
eserve Fund
Ten.125,800,000|par
Head Office:-YOKOHAMA
Branches and Agencies ats- Marandela
Berlin
Bomba
Nagasaki Nagoya New York
Paris Peiping ziren: (Dalny) Rangoon Fangtien (Mukien) Ešo de· Jensiro
San Francisco
Kone
Hainking
7th
irapore
E. W. DUGGAN,
- Manager,
THE WING ON BANK
LIMITED
Head Office: Hongkong 26, "Der Voer Road Central Authorised Capital $10,000,000.
· LONDON RANKERS:
Westminster Band, Ltd.
Foreign Exchange and every descri tion of banking businesses transseÍ Current ......... Accounta and Sav
Accounts opened Fixed
Dep
received at rates which will be quo on application Special rates given
Special deposits,
„Trusteeship and Disem taken Safe Deposit Pa
IL COCKCHIN
"SHILPONG
Montevideo Shanghai Hong Kong Silver Spot Forward
Capital paid up Reserves
$7,200,000. Capital Savings Depta $500,000. "Reserve Savings Dept. $600,000. Head Offer Shanghai
A Bank having as its mission the Industrial development of China. and the fostering of her commer cial relations abroada je bit Hong Kong olics—7 Yes House 24.
Is It Insured?
LOWEST RATES
General Agents
9672:
No. 1 No.3 No. 1 No. 2} Con. Con. Com. Con. 2.44h-2.45 248 2.46 2.46 2.45 247 246 2.53 2.50 2.55" | 252 2:61 2.56 / 263 257 Jan (1936) 245a 239 245n 241 New York ST
$2.50
May
July
September
134
1317 1.32
1.34 13374
Montreal Si
May July
72.00
756
72.70
September December New York Met
$72.95
73.40
74.00
Copper Jan ? Tin Jan
May 6 May 9: 727 729 48.45
48.50
LOCAL SHARES.
TO-DAY'S
S QUOTATIONS
The following is the list of local share quotations issued yesterday
Banks
EK Bank $1600 b. & sa EK BK (London) £125: D. Chartered Bank £14% 1. Mercantile Bank A. & B. $3156 1 Mercantile Bank C. £1334 ri Bank of East Asia $300'n. Am: 0. Finance Corp. Sh.$15 China O. Fin. Ord, Sh. $1.39 n.. China O. Fin. Pref. Sh. $42.
Insurances.
Carton Ins. $215 m...
GOLD MINING IN PHILIPPINES
Latest Information
NEW "ADVERTISEMENTS
PUBLIC AUCTION
THE (undersigned, have:
From Companies instructions to sell by
The following informations has Auction
ON
| been received by Hessrs. Carroll Tuesday, the 14th. May 1935,
Bros
Antämok Goldfields Mining Co- The total tonnage milled during March was 11,750 tons, with ballion production of 3.429.15 ozs. of Gold and 297697 ozs. of Silver. valued at Pesos-243,483.16..
*
Baguio Gold Mining Co.-During} March Baguio Gold milled 5,830 tons of ore, which yielded 1,057.62 Union, Ins: $360 57: $3708 oz of Gold, and 69052; ozá2 of
SYZ0/60 32.
Chips Underwriters $1 n. China Fire Ins. $400 mi
HK. Fire Ins. $200 n.
International Assce. Sh.$42
Shipping
Douglases $39. 1. H. Steamboats $ n.. Indo-Chinas (Pret), $30 Indo-Chinas (Def). $33 n Shall (Bearer) $57/6 n. Union Waterboats $11
Mining. Antamoks 68 ct b Balatoes $34 n. Baguio Gold 21 cts. ... Benguet Consolidated $11. Benguet Exploration 10 cts Benguet Goldfield 10 crz. na Big Wedge & cts. 1. Gold Creek 30 etsin. Gold River 7 etsin. Ipo Mining 85 cts. 11.
Itogans 30 cts. 2. Salacots 12 cts. 1. Kailan Mining Ad. $17/- m. Langkats (Single) Sh.$14 n. Shai Exploration Sh.44% D. Shai Loans Sh.$5% n. Raubs $54 n.
Venz Goldfeld $5.D....
Docks, etc.
HK and K. Wharves $85. D.
Cum Tts.
HK and K Wharves ex right
$84' sa-
IK. and K. Wharves right $9 n. AK. and W. Docks $92. S. Providents (ald) 95 cts. s Providents (new) 20 cts. D. Hongkew Sh. $267 n. New Engineering Sh.$5
·Shai Docks Sh.. $110 n.
Cotton Mills.
Ewe Cottons Sh. $8.30 m Shanghai Cotton (ald) Sh$65 zi S'hai Cottons (new) $42 n Zoong Stags Sh. $84 1. Wing On Textiles. Sh. $55 n
Lands, Hotels, etc.
HK and S. Hotels $4.05 b, $4-
05/483-
HK Lands $35 b. & s2.
HK. Lands 4% Bebentures 100%
Shanghai Lands Sh.$20% n. Metropolitan Lands Sh. $10 n Humphreys $914 1. HK RealtiesTM $4.85 n- Asia Realties “A”, Sh. $75 TL Asia Realties “B” Sh. $10 n Chinese Estates $90 m.. China Realties Sh. $7 n.. China Debentures Sh$128 A
Public Utilities
· E.K. Tramways $13.35 b. Peak Trams (old) $81⁄2 1: Peak Trams (new), $6 n. Star Ferries $80 m. Yaumati Ferries $20 n
C. Light $8.35 b.. $8.45. S H.K. Electrics $60 b. Macao Electrics $2311⁄2 n Sandakan Light $8 x Telephone (old) $19,35 b, $191⁄2
Svil
Telephone (new). $91⁄4 n. Caina Bases Sh $111⁄2 Singapore Traction 10/3 n. Singapore Fref. 20/6 n.
Industrials Malabon "Sugar" $81⁄2 Cald: Macg. (Ord), Sh$191⁄2 1 Cald: Macy (Pref.), Sh.$13 n12: Canton, Ices $1.80 a
Cements $7 s. Converted.
ELK. Ropes $21
D-Stores, etc.
Dairy Farms $14 bi and na. Watson 331⁄2
Lane, Crawfords $331⁄2 n. Mackintosh $9 m
Sinceres $8 D.
Win Powells 70 cta. no Wing On (HK) $100 ́n:
Miscellaneous,
EK. Amusements $1.85 no EntertainmentsTM $6.40, n S. C. Enterprises $1.25 n
RAW RUBBER PRICES Macao "Greyhounds" $2 m.
Messrs B. Joseph and Co. have] received the following Straits Car rency quotations from Singapore for Raw Rabber.
Spot 19
Jan Marc
July
Constructions (old): $1:40- -Constructions (new) 45 ets.
Vibro Filing $5 3.
Ch Gost 5% 1925% G$B6%
92% BL
EK Govt 4% Loan, B1⁄2
HK Govt 82% Loan 29% prens-
Wallace Harpers $6
Silver, valued at Pesos 75,363.80 on current US. Treasury prices" for these metals.: «..... ***Gold River Miniag Co-The mil]] is now operating at a daily capacity of over 100 tons. The grade of ore milled" has improved consider ably since deliveries were switch- ed on to the Rino side, milling of Subsing side ore having been dis- continued for the present: The sticky condition of the ore, which caused difficulties in its treatment, has been remedied by the installa-- tion of a washer.
commencing at 5.15 pm
at their. Sales Boom,
4. Duddell Street.
A Valuable Collection of POSTAGE STAMPS Terns: Cash on Delivery
LAMMERT BROS,
Auctioneers..
Hong Kong, 10th May, 1965.
- NEW YORK STOCK
MARKET
Inflation Sentiment Prevails
GOOD INVESTMENT DEMAND
In their market report, Messa S. E Levy and Company, corres
It is hoped that the ore so far pondents for Messrs. While Weld developed will be sufficient to keep and Company, New York, state:- the mill running until the
"Stocks:--The market was again pletion of the new development firm on investment demand and on campaign
We would The first pouring took place on refer to confine commitments and .
an holdings to the special situations April 18, yielding bullion of. estimated valne of Pesos 20,000 ap recently suggested and maintain a proximately.
- LOCAL- DOLLÄR
STEADY
inflation sentiment.
cantions attitude regarding the general market Business done:- 1,650,000 shares.
"Grains:-This
market acted well on better, sales of flour. Wes- conditions in Canada are very favourable Total sales: Wheats -20,704,000 bushels; Com:-5,- ? (911,000 bushels.
Silver Prices Decline
The local dollar is unchanged, opening on demand this morning (at 274.
Both spot, and forward silver ture to-day. |fell 5/16, to 3235 and 32 11/16, res-
pectively.
"Cotton Short covering of new crop cotton was the principal fea-
"RubberThe market is grad- ually reflecting the improvement in The London on New York cross-the fundamental positions. Total rate was quoted at £— US$4848, xales: 157 lots.
compared with US$4.84,
as
while the New York on. London cross-rate was quoted at S-US$4- 85, as compared with S.$4- 84%-
NOVEL TREATMENT OF CAR OFFENDERS
Tyres Let Down By The Police
RESULTS IN DECREASE OF ACCIDENTS
(Continued on Page 10)
NEW YORK STOCK EXCHANGE Reuter Quotations
May 10. The following quotations were re- ceived by Renter XY London NY. Cotton
Oct.
close 10.20 11.00 484 484
484
11.50 -11.51
11.71. 1184a 118
11.89 1196 11.60
An effective method of dealing with motorists, who contravene NY Rubber
July been trafic regulations has
Sept. evolved by the police of Zagreb.c. Wheat July 95% Any driver, deemed by the C Corn July 81% police to be responsible for any W. Wheat July 88% accident or mishap or who dis-1STOCKS: obeys traffic regulations, is liable Amer Smelting 45%
Corf Gas to find policemen by his car, not Da Po examining his driving licence or Elec Bond & Sb T
3131 insurance policy, but letting all General Motors
Int. Tel & Tel. 975 the air out of his tyres.
39403922
NY. 24% 2434
Montgomery W. 267
The effect of this punishment Loe's Inc: is either hard work pumping up Nat Distillers the tyres again, or a “fime" of Central
25.
at least ten shillings, the cost of Standard 01 NJ 4% getting someone else to pump US. Steel them up on, the, spot.”
been
Since this scheme has introduced there has been a marked decrease in the number of street accidents in Zagreb.
For the theft of a bottle of per- fume, valued at 50 cents, from the China Emporium yesterday, Chat Tak, a 27-year-old unemployed, was fined $18, in default two weeks imprisonment, by Mr. AW G. H. Grantham at the Police Court this morning.
98 98%
26% 29
169 169
REASONABU
E. Levy & Co.
7. KE HOUSE STREET
VESTMENT BANIZES & BROKZES.
KCHANGE,
PRICES