BANKS
HONG KONG AND SHANGHAI-
BANKING CORPORATION -
Authorised Capital
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
$50,000,000 Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Issued and Fully Paid-up. 20,000,000
Reserve Funds
Sterling Silver
£6,500,000
$10,000,000
Paid-up Capital Reserve Ford
£3,000,000 £3,000,000
20,000,000 Reserve Lability of Pro-
Reserve Liability of Pro-
varietom.
-HEAD OFFICE: HONGKONG, BOARD OF DIRECTORS.
❤ #. Dadwril' King,
Chairmen
CC. Künight, Xaq.
Donty Chairman.
Han MW. H. Bell,
3. A. Plummer, Esq.
AEL Compton Esq
“M. T. Joluson, Esq. Hoa Mr. J. Paterson,
G. Miskin Esq. T. E. Pearce Exq
#MOT
-CORE
-
TOWLOOK
·J. X. Gearbara, Bog-
Chiat Kasapai
KRARCHI
KUALA LUMPUR LANDOJE
MALACCA
MANILA
Cal Debors)
MEDEX
NEW TOŻE
PERING
PENANG
RANGOUT
SAIOON
SAX FILCIRCO
FRANGEL
SINGAPORE
SOGRABATA
SUNG ET TATAXI
TIENTSIK
TOETO
TSINGTAO
TOKOHAMA
Terron)____Lecoupée, eposed in Leon Currency ja Fizal Deponim received log-hur pran a sherite perioda in Look! Company mod hurling - terms, which will be onowed in ampliontion. Hong Kong, 7th May, 1935
HONG KONG SAVINGS BANK.
The Best of the shore Back la mandant.
Bateria Bombay
Cathem
Cabe Cole Day
THE "CHINA" -MAIL, TUESDAY, MAY 14, 1935
Commerce and Finance
LOCAL DOLLAR FALLS
3000.000 Silver Prices Improve
Articles and Branches:
Epok
*king -Lobe
Tolls
-Xangoon-
Sachsenne
Sheng
11
Bankow
Xanhing Kadena Mnexile Medan Kew York
Young"
Bourshow Talping Thacia Toorksh
(Barber) Yokohama Zamboanga
The local dollar has fallen opening on demand this morning at 12,4
Spot silver advanced, to $3, and forward advanced 3:16 to 33%
The London on New York cross-f rate was quoted at US$4.87%. as compared with US$4.56. London hayla Moabangn, and Geral Banking Imanwhile the New York" on Derrand LUCIÓN opel and Fixed Depot Cross-rate was quoted at US$ vané de me mur de thorne mund të z8738, as compared with -$34- which will de quitad, on neplation.
A. BREARLEY.
Hawaggs.
Barkin
Hong Kong, 1st. January, 1935.
SAFETY FIRST!
To Safeguard Your Valzabim and Jewellerie Deposit them in a Vazh \that is really:
FIRE-PROOF
BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT
Joestad
on the Keszanine Floor of [Our New building is Specialty Con- stracted to provide all at these Im portant Qualitsem
$634-
EXCHANGES
TO-DAY'S QUOTATION
On Singapore.....
On Japan.
You may obtain a Safe Deposit On India Bar in the most up-to-date Vašli for your own use at a very moderate Ran-
the the HONG KONG AND SHANGHAS REL SANSING CORPORATION
sitsitud on apeliantion..
FOR THE HONG KONG AND SHANGHAI RAKKING CORPORATION
T. 1. GRATRUIX,
Hong Kong. 25th February, 1935.
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
60%
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day
**Baaks****
FK. Bank $1005 b.. $1025 sa. H.K. Bank (London) £32434 m Chartered Bank £147. n.
Mercantile Bank A. & R.
NEW YORK STOCK
MARKET
Utilities Enthusiasm Cooling
WASHINGTON NEWS TEMPERS * INFLATION SENTIMENT·
tures
2
and
to
adherence
reports, from!
SHANGHAI STOCK EXCHANGE
Only Limited Business
Done
DEBENTURES IN FAIR
DEMAND
Shanghai, May 7.
In their Market comes ent
NEW ADVERTISEMENTS
HONG KONG & WHAMPOA
-DOCK CO., LTD.
Offer of Additional Shares
TOTICE IS HEREBY GIVEN
N that the Share Register and
Transfer Books
of the Company,
will be closed from the 21st to 25th the
instant, both days inclusive. for the
American Oriental Finance: Cor purpose of ascertaining the names
poration Stite:--
on
In their market report. Messa Is E. Levy and Company or
pondents for Messrs. White Weld
of Shareholders to whom the offer and Company, New Tork, states There was again very limited of new shares is to be made.
"Stocks: The Utility Holding business on the Shanghai Stock Ex-
By Order of the Board Bill is about ready and still con-
change last Tuesday, only 50 shares.
EL HOSIE tains numerous objectionable fea-and 305 bonds changing hands.
Secretary Consequently, enthusiasm.
Hong Kong, 13th May, 1935. In these securities is cooling. Ex-Shanghai Power 31⁄2 Debentures were the principal stock dealt in pectation that Secretary Morge the rate being $$0.50 for cash- thau's speech will reiterate the There was better business Administration's
(Wednesday although it was only a Isound menes
half-day, and the total turnover Washington indicating that the was 1102 shares and 570 bonds. Senate is likely to sustain the Pre-i
There were some transactions in sidential veto regarding the Put! City Loan 7 per cent. 1932, 12 $90, man Bonus Bill are tempering in-
and most of other business was în flation sentiment. We believe the
{debentures maintenance of buying power is a
There was a little better business wise course here. Business done:1
NEPTUNA ** jon the Shanghai Stock Exchange
Consignees of Cazgo. are hereby on Thursday, the total official and informed that all Goods are being -1,130,000 shares.
"Grains:-Large May wheat ten-unofficial business being given as landed at their risk into the hazardous ders and ideal growing weather's shares and 564 bonds. Shanghai and/or extra hazardous Godowns of are depressing factors. The "de-
Power 5 per cent debentures The Hong Kong and Kowloon Whert |creasing visible supplies were dis-1)
were again the major issue dealt Godown Co., Ltd, whence and/or regarded.
Total sales: Wheatin, one deal in the morning being out the wharven delivery may be 23,385,000 bushels; Corn:--done at 81 and one in the afternoon No claims will be admitted after 247,000 bushels.
Mercantile Bank C. $134 Bank of East Asia $81 1. Am: 0. Finance Corp., Sh.$15 m. China 0. Fin, Ord, Sh. $1.50 n China O. Fin Pref. Sh. $4 nm Insurances. Canton Ins. $215 n." Union Ins. $360 32. China Underwriters $1 m China Fire Ins. $400 m. HK Fire Ins. $200 m. International Assee. Sh.$475.
Shipping
Balatoes $34 n. Baguio Gold 21 cts. n.
Benguet Consolidated $11 a. Benguet Exploration 10 cts D Benguet Goldfield 10 cts. x.
Big Wedge 8 ct.
N.T./London
Prev. To-day close
CONSIGNEES NOTICE.
THE BURNS PHILP LINE
From MELBOURNE, SYDNEY, RABAUL, SALAMAUA. SANDAKAN & MANILA.
The MY
the Goods have left the Godowns, and all Goods remaining undelivered after
There was quite a small business the 21st May, 1935, will be sub-
-།
lat 80.50.· (Continued on Page 7)
on the next day, the total official ject to rent Latest Quotations fand unofficial business being given All claims against the stammer must The following quotations havas 553 shares and 245 bonds. Shang-be presented to the Undersigned been received-by-Beurer.
That Race Club 6 per cent debenar before the 4th June. 1935,
they will not be recognized. tures changed hands at $95 cash.
To coarply with the General Bonded Comparatively little was reported Warehouse Regulations consignees 488 487 on Saturday for the half-day ses-must have a Revenue Officer in attend- sion and the only major transace when damaged dutiable goods are
examined. action recorded officially was in
All broken, chated, and damaged - City Loan 7 per cent. 1982 at 90 Goods are to be left in the Godewas, for cash Power and S. M. C. de-where they will be examined on the bentures were the only other list 20th May, 1935, at 10 am b
Mesars. Goddard and Douglas. ings which interested investors.
No Fire Insurance has been effected. Prices Lower
Bills of Lading will be countersign- ed by,
Cross-rate
Fon London
On T.T. and demand
2/44
4 months": sight
2/4
Credits 4 months" sight
2/6
On Shanghai--
On demand
140
Douglases $99 11. HK Steamboats # Indo-Chinas (Pref.); $30 n Indo-Chinas (Def.). $33 nj Shell (Bearer) $59/47% L.. Union Waterboáts $11⁄2 a.
Mining.
On demand
101%
Antamoks 68 ets. b...
On demand
2014-
On T.T. and demand
1574
On New York-
On demand
57
Gold-Creek 30 "eta. n.
Credits: 60 day's sight
Gold River 7 éts, 1-
NY. Cotton-July
On Batavia
On demand.
$324
On Paris
Ipo Mining 85 eta 1. Itogans 30 cts. a Salacots 12 cts. n.
11.95 1188a
*11.86 1202
V
On demand
S
Credits 4 months' sight 927
Chicago Wheat July 33% Chicago Corn-July Montreal Silver-Dec. 78.50 Silver Oficial
733% Dow Jones Averages
92 8052 76.30%
On demand On Manila
On demand
8,555,000 On demand
11534
Shai Exploration Sh$4% Shai Loans Sh.$51⁄4 n. Raubs. $4 s. Venz; Goldfeld $5 n.
Docks. etc.
2/55%
HK and K. Wharves $85
Cam. rts.
334
Nom
& SAVINGS BANK, LTD. Cacher of Ice House Street "and De Veexx Road, Central
THE BANK OF EAST ASIA, LID. THE BANK OF CANTON, LTD. On Saigon.
Waldrag - Capital
Murva-and Undivided. Pročte -- 33,436, 193,30
HELD OFFICE:- HONG KONG
1. Der Vores Bond Centek).
BOARD OF DIRECTORE>--
Chan, Eg9. I. Kwok,
Loen Wong Chu Sat, 106 vi kan tag
Tas Tong Mo ZM- Chin Kounger.
The Fon. Eng. Managır. BEANCHIES AND AGEICO 2-
Manila
Melbourne
New York
Owaka
Paris
Paiping
Facing
Baugom
Saigon
San Franoisom
· Evert descripsimo čuť Banking
Scotia
Scarabeys
Sydney
T
Tokin
Sokebome
and Exchange
Established 1912.
Head Office:Hong Kong
Authorised Capital $11,000,000 On Bangkok- Paid-up Capital
→
Total BesaZIVOS
8217042 Soveigas bank buying rate Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco.
Banker Loyds Bank, Ltd Bar silver per oz.
and Banking Bar Silver In Hong Kong business of wrey discription trans-Copper Cash Current Accounts opened and Tired Copper Cents
year or Rate of Native Interest Deposits received for shorter periods as zates which wil de Chinese Sub Coin quoted on appNestion,
Hong Kong Sub Coin
Safe Deposit Boxes (varions sĺzno) ile hire.
LOOK POONG SHAN,
THR
Chief Manager.
butions transcal. Les granted appr* AMERICAN EXPRESS COMPANY,
Durres Accoutate openenč in Lavani 200 Fand“ Dapoolse ved for, ato que me starter periode is Loval and Forage Currindus where which will be quad appbortion.
Bata Deponit: BORNE. TA LAL
ŽAN. TOKO PO.
INC.
********
-par
pa
The dia
Kalan Mining Ad. $17/- n Langkats (Single) Sh.$14 ±
EK and K. Wharves ex right
$84 DL
EK, and K. Wharves right $9 m H.K. and W. Docks $915 B. Providents (old) 95′ cts. B. Providents (new) 20 cts. D.. Hongkew Sh. $267. a. -par-New Engineering Sh.$5 m.”
Shai Docks SE $110 n.
Cotton Mills.
NEW YORK STOCK EXCHANGE
Reuter Quotations
May 14
NY. Elabber-July
*:08
19.65 19.39. 26 of 95.31 95.27 .04 of
20 Industrials 114.08 114.3 15 up 20 Rails**
30.71 31.22 51 up 20 Utities. 40 Bonds 11 Commodity
Index
59.30- 58.81 49 of
COMMODITY PRICES
The following quotations have been received by Beater.
September October
Prev. Yesterday Closing Closing
Wing On Textiles, Sh. $55 n.
Lands, Hotels eté, - H.K. and S. Hotels $4.05 3. & sa. New York Rubber-
May H.K. Lands $35 m. H.K. Lands 4%. Debentures 100% July
Shanghai Lands Sh $2054 m Metropolitan Lands Sh. $10 m Humphreys $93⁄41⁄4 n. H.K. Realties $44 s. Asia Realties “A”, Sh. $75 1. Asia Rexities “B” Sh. $10 m... Chinese Estates $90-z. China. Realties Sh. $7 n- China Debentures Sh.$123 1.
Public Utilities
December
January
Due to steady declines for three days during the middle part of the week, prices for most issues were slightly lower on the Chinese Gor ernment bond market at the close of the week under review. "Out- standing among them all was 96
Millions, which on those three days
went down by nearly a point 2 half, and it was only a and strong reaction on Saturday that reduced its not loss to below one (point-
Business was quiet throughout the period under review, the total turnover being 49,605,000 only. During the week's quiet trading, 196 millions claimed all attention. The deference between its high
and low was as much as 160. Only two issues were able to show net gains at the end of the week, these being 19th year Customs and Rehabilitation, two usually steady issues. Their gains, like the losser of the others, were small
GIBE, LIVINGSTON & CO., LTD.
Agents Hong Kong, 14th May, 1935.
z gone
Everything BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
New York Cotton: May
Ewo Cottone Sh. $8.30 n. Shanghai Cotton (old) Sh.$88 n. Shai Cottons (new) ́ $42 1. Zoong Singa Sh. $81⁄2 n.
July
October
1181
11.80 11.95 11.95 11.86 11.69
December
11.86
11.73
Jan. (1936) March
11 92
11.96
Spot
11.90 11.52 12.35- 12.25
Head Office:-65, Broadway, New York
Chief Kanger.
Capital Surplug
„ULS.$8,000,006.09
2007
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Head Ofice...Shanghai
BRANCHES---
NETTON
Antwerp
Ginagaw
Capital
$7,500,000.80
Reserve
$1,500,000.00
The Hague HATHOR Kamborg Havre
July -Sept
B
Xuanches
All Important Cities
in China
Foreign Exchange
and
General
Bremen
Cabo
Rotterdam
Saranasan Loudes Later
C. When July 23% C. Corn July 80%. W. Wheat July 28% STOCKS:-
The following quotations were re- ceived by Eexter-
close 10.20 11.00 NY./London 4.86% 488% 88 NY. Cotton.
July
11.93 11.95
11.87 Oct.
11.81 11.72 11.72 NY. Rubber
11.88a 12.00 12.01 1211 12.00
12.17 .92%
80 Market closed
11802
11.90b 11884. 12.02 12.00 1215 1221 12.07 12.23 12.36
12.30
12.43
LONDON EXCHANGES,
London, Yesterday..
CHITS
Chicago Wheat:-
Paris
74.5/64
May July
91%
New York
48875
93%
921/4
Montreal
4837/2
September
9434
.93
Brussels
28.852
SAVINGS
Chicago Corn:-
Geneva
15.11
May
87%
86%
Amsterdam
7.20
SAVE SOMETHING
July
80%
8014
Milan
59%
Сахшии Colc Coperingen Thoblin
Amer Smelting 45
К
Con Gas NY.
Du Pont
]
Guarte
Morstreaz
General Motors 31% Int Tel & Tel 8 Loew's Ine 391⁄4
45% 45
23% 241⁄2 234 100% 100% 99%
8 8 Elec Bond & Sh. 8
31% 31%
8+ 39
1%
39
26%
247%
24% 17 4514 32
Cashier's Offer
Batavia
Berlin
Bombay
Nagtseld
York
Paris Peiping Rangoon
Banking Business transacted.
Current and Saving Accounts opened. and Fixed Deposits received for one year or shorter periods at rates which Engl wad be quoted on application
800 Z. CHANG,
Manager.
HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office ......Tel. 33565 Foreign Exchange Dept. 33566 General Office
253567
33562
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Capital (fully paid-up) Yen.100,000,000 Ten 125,800,000 Reserve Fund
Head Offices-YOKOHAMA
Branches and Agencies at:. Alexandria
Calcutta
Canton
Dairen (Dalny)
Fengtien (Makdan) R55 Le Jeneiro Hamburg
Bong
San Francisco
Singapore
Soerabaya
Sydne
Ventsia Tokyo "Tsingtan Yingkow
crired for fond priods be obtained on application.
TISHINAMIN
Tong-Kong 11th March, 1985.
Branches of American Express Com Montgomery W. 264 26%
Nat Distillers 24% In Principal cities of United Y. Central DERLY
16% 17% States of America. and Canada.
Standard Oil NJ 45% 40
3334 3 All classes of Commercial Banking U.S. Steel Franzactions undertaken.
Personal investment accounts RAW RUBBER PRICES
handled.
The Company offers to intending Travellers the use of a "ravelers Cheques" and Letters of Credit and, In addition, the world-wide services if its thoroughly equipped Travel De-
E. W. DUGGAN,
-Manager.
THE WING ON BANK
LIMITED
Head Office: Hongkong- 26, Des Voeux Road Central.
Latest Quotations From
Singapore
Messrs. H. B. Joseph and Co. have received the following Straits Cur- frency quotations from Singapore for
Raw Rubber...
· Authoriséž Capital: $10,000,000) LONDON BANKERS:—
Westminster Band, Ltd. Foreign Exchange and every descrip [tion of banking businesses fansacted. Current Accounts and Savings Accounts opened. Fized Deposits || |received at rates which will be quoted on application Special rates given 20 Special deposits
Trusteeship and Executorship under- taken. Safe Deposit Boxes for hire.
PHILIP GOCKCHIN,
› Chief Manager
Manayız. L. GOCKCHIN",
14 SEU FONG | Asst. Manager
Spot 19% up 1⁄4 b,19% July-September 20 mp 3 Dar
20% 8
Oct-December 2134 up 1⁄4 b., 21%
Jan.-March 224 vp 1/4 b. 22%.8. Market:Quiet.
THE SHANGHAI COMERCIAL] & SAVINGS BANK LIMITED
Cincorporated in China)
Capital paid say wan $35,000,000
Beserves
Capital Savings Depta 0,000.. Reserve Savings Dept. 2600,000.
Hand Office Ska
A Bank being an itu suluciem` £ba Industrial development. of China and-the-fortering of her, AUSZEIRO cial'relations abmed. Hong Kong offion=-7-Len
Phone: 714511-A
Telephone (old) $19 b... $19 Telephone (new) $9 s. China Buses Sh. $1134 m Singapore Traction 10/3 m. Singapore PreĹ 20/6 1.
Industrials Malabon Sugar $811⁄2 u- Cald: Macg. (Ord), Sh$191⁄2 a Cald: Macg. (Pref), Sh.$13 m. Canton Icés $180 m Cements $64 &. Converted. HK Ropes $2.1.
Stores, etc. Dairy Farms $14.3. & 23: Watson $82
Lane, Crawfords $31⁄2 n. Mackintosh $9 The Sinceres $8 m
Wing On (HK) $100 n
Miscellaneous,
HK Amusements $1.85 n Entertainments $6.40 m. SC. Enterprises $1.35 n. Macao "Greghornds” $2 n.” Constructions (cld) $1.40 n Constructions (new):45 cts. I Vibro Filing $51.2
Ch. Govt. 5% 1925 GBJ-
92%
HK Govt 4% Loan, 6% prem
HK Govt 34% Loan 29% prem:
Wallace Harpers $55.
New York Metals:
Copper
Is It Insured? ?
Insurance ATL Classes LOWEST BATES
American "Asiatic Underwriters Fed Inc, USA.
General" Agentat
HE Office
#Aziz Lite
-Bailding
MEJRZEN
SEW, TOLK, GOFTON, ZIMELANGE
COMMODITY EXCHANGE, ING. NI
CHICAGO BOLID OF TRADE CANADIAN COMMODITY" "EXCHANGE,
HK Tramways $131⁄4 5. Peak Trams (old) $81⁄2 n. Peak Trams (new), $5 m.
September
74
74%
Berlin
12.11
Winniper Whent:
Pragne
1171/%
May
81%
Market
Madrid
35 49/64
-Star Ferries $80 ».
Yanmati Ferries $20 D.
July
closed 88%
Athens
Bucharest
New York Segar:---
C. Light $8.35 h. $8% 8. EK Electries $60 b.
Macao Electrics $233⁄41⁄21⁄2 m.
May
Sandakan Light $6 s--
July
sa
Sept
Dec.
2.67 2.60 2.63 2.58 Jan. (1986) 250a 243, 247□ 2:41 New York SM-—
No.1 No.3 No. 1 No. 3 Con Con. Con Con 2.50m 2.498 2.50 247a- 2.51 248 248 246 259 255 255 2.52
Buenos Aires Montevideo Shanghai
Hong Kong Yokohama
Belgrade
513 4772 214
Bio
4% sellers offi 15 sellers aft 40 sellers off
1/3.
2/4 3/32
1/27%
Silver Spot
332
May [July
1.3244 132
1324
133
Forward
33%
Warloan 320
106%
September Montreal Silve May July
1.32
1814
-British Wireless Service.
START NOW UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST,
·INC.
Asia Life Building
our Konic
Tel. 30234
/73.90
-73.95
74.50
74.85
September
75.50+
75.49
December
76.501: 76.200.
-asked
-nominal' t-traded
May, 9. May 13.
7.58 729 48.50 68.70
S. E. Levy & Co.
·7, ACE HOUSE, STRŽIT
USTESTMENT BANEZES 4. BROTÉG