BANKS
HONG KONG AND SHANGHAI
Authorised Capital
Issued and Fully Paid-up
Reserve Funds
Reserve Liability of Pro-
nziętos
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
20,000,000 Reserve. Liability of Pro-
Sterling...
Silver
HEAD OFFICE: BONGKONG BOARD OF DIRECTORS,
THE CHINA MAIL WEDNESDAY, MAY 15, 1935
and
Commerce
Finance
LOCAL DOLLAR
ADVANCES
im
BANKING CORPORATION
$50,000,000 |Incorporated by Royal Charter, 185.."
20,000,000
HEAD OFFICES LONDON
$300,000
>
$10,000,000
Paid-up Capital
Reserve Food
£3,000,000 £3,000,000
prietors
$$,000,000
Silver Prices Improve
Agencies and Branches:
Alor Br
Boile
1pok
Kangoon Saigon
Karachi
Batavin
Хам
Momby
Calca
CAD
Lamper
Feremban * Fivepare Bi
- Karking
Coba
Chinge
Manila
Taiping Testin
Vedra
Toorts
Hap
New York
Hakon
(Poking)
** Ikwil. Eng.
Cheresa.
Keigh Fiv
Decote Chauta
Has. Mr. W. H. Bel
J. A. Pier
A. H. Compton Esc
T. Johnson, Esq.
Hon. Mr. J. J. Paterson,
G. Miskin Esq., T. E. Pearce Esq.
305033
IDGE
IO LOOK
FM. Graybar. Jag
Glen! Manngue.
ERANCHES ——
- SKALA LUMPUR"
LONDON
LION
MALACCA
MANILA
MVAR_{2mbers)
MURDEN
NEW YORK
PEPING
PENANG
KAIGON
SAN FRANC1800
SHANGRA
WAPURI
NOURABATA
SE PAZAK
TIENTSZK
TOKIU
TSINGTAO
JOKOHAMA
Caraci An opened in Ionial Ostrvory Paul Depaum" received for "our" or shorter purinda in Legal Conspany and Souring www wbick, will be soon on existica
Heng Kong, 7th May, 1935.
HONG KONG SAVINGS BANK.
י
The Business at the score Back is moodust. by the XOXO TONG AND BEINGRAI MAIN CORPORATION
sirmined on application.
Bulos -1045 20
FOR THE SONG LONG AND WHANGHAI BANTING CORPORATION
جملا
(Ebukur
Tokohama Zamboanga
Harbin “ Hang Long
Foreign Exchange and Generd Beaking bed Coppent kerosale copment and Fixed Deposit
mended for one year or shocker meinis sa zada vitch will be quite) on appbration.
“A BREARLET.
Manager
Hong Kong, 152. January, 1935.
-SAFETY FIRST 1
To Safeguard Your Valuables
• and Jewelleries, -Deposit them in a Vanl
that is really- FIREPROOF BURGLAR-PROOF DAMP-PROOF!
OUR SAFE "DEPOSIT VAULT
Jocated on the Mezzanine Floor at
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list of local
Banks
The local dollar has advanced share quotations issued to-day: three farthings, opening on demand this morning at 2/494.
Spot silver advanced 34. to 333. and forward advanced 1-5/16 to 34-15/16.
The London on New York cross- rate was quoted at £-U.S.$4.57%. as compared with E-US.$48T78. while the New York on London cross-rate was unchanged at £ US$4.874.
EXCHANGES
TO-DAY'S QUOTATION
On Lendon-
On T.T. and demand
4 months sight
2/432
2/47%
Credits 4 months' sight 2/614
On Shanghai-— .
On demand
On Singapore— On demand
(Our New bulding is Specially Coo-On Japan----- į strmeted to provide all of these. Im- ¡portant Qualities.
You may obtain a Safe Deposit On India Box in this most up-to-date Vault for]
you own`nse at a very moderate Rab-On New York-
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
H.K. Bank $1000 s
HK. Bank (London) 41243% 1. Chartered Bank 14
Mercantile Bank A. & R. #3136 1. Mercantile Bank C. 13 Bank of East Asia $81. Am: 0. Finance Corp, Sh.$15 ¤. China O Fin. Ord, Sh. $1.50 1. China O. Fin. Pref. Sh. $4. Insurances.
Canton Ins. $215
Union Ins. $350 b... $555 sa. China Underwriters $1 n China Fire Ins. $400 a.. HK Fire Ins. $200 n. International Assce Sh.3434 D Shipping.
Douglases $39 1. -
HK Steamboats $4 m Indo-Chinas (Pref.), $30 ne Indo-Chinas (Def.), $33 Shell Bearer) 60%- ne Union Waterboats $111⁄2 n
Mining
Antamoks 68 cts.
Balatoes $34 n.
Baguio Gold 21 cts.
Benguet Consolidated $11. Benguet Exploration 10 cts IL Benguet Goldfield 10 eta ne Big Wedge 3 cts.
Gold Creek 30 cts. m
141
1023%
On demand
203
On T.T. and demand
158%
On demand
5334
Credits 60 days' sig)
61
Gold River 7 cts.
On Batavia-
Ipo Mining 85 cts: n.
On demand
857%
Itogans 30 cts. D.
On Paris
Salacots 12 cts. a.
On-demand
$85
Kailan Mining Ad $17/9 n.
Credits months' sight
935
Langkats (Single) S$141.
S'hai Exploration Sh.$44
Or demand
$834
350,000,000,00
6.500,00,06 :
Established 1912. Head OS:-Hong Kong.
Shai Loans Sh.$34 n.
On Manila.
Raubs $4 -
On demand
116
Venz, Goldfeld $5 1.
Authorized Capital Paid-up Capital ... Total Besources ́.......
$11,000,000 On Bangkok-
Docks, etc.
Woot Branches: Canton,
V. M. GRATESEN,
Chief MOON,
Hong Kong. February, 1935.
& SAVINGS BANK, LTD. Carner of Ice House Street and Des Voeux Road, Cantral
THE BANK OF EAST ASIA, LTD. THE BANK OF CANTON, LID On Saigon-
Katharinad Chevrol
Pald Capital
Bowen and Luddevided. Prof $2,684, MOLDE
HELD_FFICE -BONG ZONO
11. Des our Bond Central,
-BAID OF RECTOR:-
Be Sbou-os “her, Chairavan.
Là Room Chen. Er L. Imok, Da TRE Zong, Eng. Cuma Cing Book, Lad Sexy, Eads, Tong Com ben. E and
Iso Tang Po. Enq- Quiet Yasogr. Is Too Face Faq.. Manager_="
BRANCHES AND MENCIES:-
Melbourne
Bombay
Singwealt
New York
Betserant Shangha
Sourabaya
Paris
Paping
Penang
Xanco
Saigon
Triboks.
Dess
..
9,655,000 On demand $2,170,472 Soreizas bank buying rate Toishan Shanghai, Bankow, Bangkok & San Francisco. London Bankers: Lloyds Bank. Ltd. Bar silver per at..
Foreign Exchange and Banking Bar Silver In-Hong Kong business of every discription transCopper Cash
Current Accounts opened and Pized Copper, Cents- Deposits recetred for
Rate of Native Interest One year [shorter perioda) as rates which will be Chinese Süb Coin'
coated on applestion.
Hong Konx Sub Coin Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN.
pat_
25% 343% ..Som,
.3% pa.
27 dis
-par.
LONDON EXCHANGES
Chief Manager
London Testerday.
Paris
73 61/64
New York
4.874
Montreal
4.87%
INC.
Brussels
28.82
Genera
15.074
Head Officer-65, Broadway, New York
Amsterdam
7.19
Milan
59 3/16
Capital
12.10
Reserves
- U.S.$6,000,000.00 2,087,112.69 1,995,523.31
116%
226*4
35 11/16
THE
3 Frabolan
By dription of Baskine and Exchange
Loada caled an approved
in La Orano AMERICAN EXPRESS COMPANY,
Deports for the your shacter period in Invent und Forsign Corzweden warm which will be quoted on applicariu
Budo Deport forme To Le
KAN TOXO To.
Comet counte“ opazeć
Chint Mnament.
THE CHINA & SOUTH SEA BANK, Surpinx
Berlin
Prague Helsingfors Madrid Athens Bucharest
Belgrade
LIMITED
BRANCHES:
(Incorporated in China)
Avnslerden
Gabo
Miza
Head Unice....Shanghai
Capital
$7,500,000.00
$1,500,000.00
Besise
Benches
All Important Cities;
to China
Reloa
Foreign Exchange
General
The ilague
Hamburg Here Feidelberg Testeriskon Imenomaan Londos Tiverpool Zmena
Pira
F PRiMPADO
Shanghai
Hong Kong
Revigadam
#bump Simp
Reserve
Banking Business transacted.
Current and Saving Accounts opened ar: Fixed Deposits received for one! Year or shorter periods at rates which will be quoted on application.
SOU Z. CHANG,
Manager.
HONG KONG BRANCH:
.Tel. 33565
24, Des Voeux Road, Central,
Manager's Oste
Foreign Exchange Dept.
General Office
Cashier's Office
83566
83567
33569
THE YOKOHAMA SPECIE BANK LIMITED.
Patablished 1880
Capital (fully paid-op) Yen 100,000,000 Beserve Fund
Ten.125,800,000
Head Offer:-YOKOHAMA
"Branches and Agencies at:
Batavia
Nagasaki Nazuya
New Tack
Paris Peiving Dairen (Dalay) Rangoon Fengtien (Makden) Rio de Janeiro Hazoburg
San Francisco Seattle
Shanghai
Singapor
King
Sydney Hentai
นัก
From Catro Saloudes Состим Colombe Copenhagen Trabtio Tdsborgs
LABOR Marwellian Monte Carlo
ande
Yoolmes
Zurich
Branches of American Express Com- Leary In Principal cities of United
Etates of America and Canada.
AŬ classes of Commercial Banking Fransactions undertaken.
“,-
Personal investment accounts handled.
The Company offers to intending Fravellers the use of a "harelate Cheques" and Letters of Credit and. addition, the world-wide services its thoroughly equipped Travel: De partient.
W. DUGGAN,
512 sellers
48222
215
1/8 5/16 2/4 15/16
344
Other rates unchanged: Silver spot
-Forward
-34 15/16 War Loan 36th... 106 9/16
-British Wireless Service.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
1.800.000
1:060,000
3. Broschrok Street, LoudoŃ, ELA
Authorised Capital ....£3,000,000 Subscribed Capital Paid-up Capital Reserve Fund & Best. 1,247,432
The Bank of Engiand a Widland Bank, Tad.
· BRANCHES; Paxbol
Bombay
CASTIA
Calopho
Dat
Hoog Kong Bowie
BAXIZEN
Tnah
·Ferdy
Karch
Kota Maru
How Tork Petung ~Port Loair
Chanrition) Bang Shanghai Easton (Pulang). Sonia Made
Kuala Lipis.
Koala Lamper
Stoppe
TRONG SONG THU GI Emery deseription of Banding and Exchange - bial- qam traomatal
Manager."avilers Clampous Sangai.
THE WING ON BANK LIMITED
Head Office: Hongkong.
·26, Des Voeux Road CenterL Authorised Capital $10,000,000 LONDON BANKERS Westminster Band, Ltd. Foreign Exchange and every descrip tion of banking businesses transacted.
Charent
Accounts (fund - Sevingen Accounts
opened.
Trustee and Executorships -under- talen
INTEREST sälowed on : Outreat | Lovcents (and Fized. Deposita at Home that may be`mourtaland on appilostion.
Quinn's_Bond® Cantal
Hong Kong, 1st April, 1935.
THE SHANGHAI COMMERCIARI
& SAYINGS BANK LIMITED: Cincorporated in China)
Capital paid up
Reserkes MTVAIKUST,300,000, Capital": Savings: Desti
Fixed Depositserve Savings Dept received at rates which will be quoted on application. Special rater given Special deposits
Trastecahip and Executorship, undez-
oda taken. Safe Deposit Boxes for free
PHILIP GOCACHIN
Chief Manage
* SHU FONG.
A Banc having sa ita Industrial development. and the fostering of cial relation Zitter “Hong Kong office
2,000.
Walter Damroseb. dean of American musicians, rehearsing the Die Meistersinger orchestra and cast for performance in New York commemorating the 50th anniversary of his first appeas rance as a conductor. He is working now to present European operas' in English.
New York Stock Market
Utility Securities Dropping Back
MAINTENANCE OF BUYING-
POWER ADVISED
NEW ADVERTISEMENTS
RAUS AUSTRALIAN GOLD MINING CO. LTD.
THE Chairman of the Board Mr-
1 de Burgh Persse will be pleased to meet local shareholders in the above Company at a private. meeting to be held at 3:00 pm on, Thursday, 16th May, in the Board Room of Messrs. Jardine. Mathe- son & Co. Ltd kindly lent for the occasion
Hong Kong 15th May. 1935.
WANTED KNOWN
LAST OPPORTUNITY, :wo days left to view Komer's Picture Exhibition display. Closes Saturday, neon
COMMODITY PRICES
The following quotations bare
been received by Reuter.
October
December
New York Rubber:--
May
July
Pre Yesterday Closing, Closing “
|New York Cotton:--
May 13 May 14.
May
11.80
11.78
July
11.86
1189.
1169
117S
1173 31.94
Jan. (1936) March
11.80 11.88
11.X2
11.93
Spot
12.25
12.30
11.90b 12:203
12.022
12.25
12.15 12.41
12.21
1248
12.36 12.63
12.43
12.70
913
90%
921 -917
934
86%
July
803
September
75%
Winnipeg Whett: May To
87
8823. 873
September
crop cotton against sales of rears. October
"Grains: The wheat market was December ferratic and the volume of trading January
was small. The dress of stocks Chicago Wheat:- Land the advance in the price of sil=]
May ver attracted little attention Wea- Jule
In their market report Messrather conditions remain favourable, September
with rains in the South-West Corn Chicago Corn: was firm, due to reports of delayed May plantings and small deliveries.
S. E. Levy and Company. corres pondents for Messrs. White Weld and Company, New York, state:
"Stopks:-Enthusiasm în utility securities is cooling, while reports indicating that the Senate is likely
Latest Quotations
to sustain the Presidential veto in The following quotations · have (July connexion with the Patman Bonus been received by Reuter
El are tempering inflation senti-
right
ment. We believe the maintenance
of buying power is a wise course.
Y./London cross-rate
Secretary Morgenthau's speech N.I. Cotton-Muly
was considered only a neutral in- fluence. shares.
Y Rubber-Jeig
HS and A. Wharves $55
Cum, rise H.X. and K. Wharves ex
384 IL HK and K. Wharves right $9 n. H.K. and W. Docks $9. Providents. (old) 95 cts. Providents (new) 20 cts. 11: Hongkew Sh. $2671⁄2 n. New Engineering Sh.85 m. Shai Docks Sh. $110 m.
Cotton Mills.
Ewo Cottons Sh. $8.30 n. Shanghai Cotton (old) Sh.368 2. S'hai Cottons (new)$42 n Zoong Sings Sh $81⁄21⁄2 n. Wing On Textiles. Sh. $55 1.
Lands, Hotels, etc.
H.K. and S. Hotels $4.05 b. HR Lands $35
| New York Sagarz---
$6
No. 1 No.3 No. 1 No. 3
Con. Con Con. Com 250 2.47a 2.481 2.46m -248 246 249 -247
2.55
2.52 257 253 2.63 2.58 264 2.59
Prev. To-day's close
KATIL ASTIL
21S6
12.02
May 11.89 July 12.23 (Sept.
91%
Dec
80%
78.00
New York Silk:..
May..
$18241⁄2 1341⁄2
July
7:08
31.22 $1.23 .01 up 19.39 19.06 33-02 $5.27 95.28 01 up
Business dane:-1,210,000 Chicago Wheat Jaly 92%
Chicogo Comedy Montreal Silver Dec. 76.30 Grains:-Much of the May Silver Official
73 74 wheat tendered consisted of “un-
Dow Jones Averages wanted grades, while pressure is 30 Industrials 114.23 11418 35 of subsiding
declines. OXI
Many 20 Bails
20 Utilities traders are postponing purchases 40 Bonds until May liquidation is finished-!11 Commodity Prospects regarding supplies of]
•Index ....
38.81 59.01 20. Erve in the United States, and „Can-||
Business" done:--1,£10,000 shares. ada are bearish. Total. zales:—| Wheat:-28,454,000 bushels; Corn:¦ |---10,197,000 bushels.
**Cotton Pool purchase of new
H.K. Lands 4% Debentures 100% crop cotton are estimated, so far,
Shanghai Lands Sh$2012 n Metropolitan Lands Sh. $10 n. Humphreys $9% n.
HK Realties $4 a
ง
Asia Realties "A", Sh. $75 1 Asia Bealties "B" SH. $10 n. Chinese Estates $90 n. China Realties Sh. $7 China Debentures Sh.$123 1.
Public Utilities H.K. Tramways $13/1290 z Peak Trams (old) $81⁄2 Peak Trams (new), $6. Star Ferries $80 n.
Yaumati Ferries $20 n.
+
C. Light $8.35 b., $812 s., $2.40/25
Ba
HR Electrics $60 b., & sa Macao Electrics $2331⁄2 n. Sandakan Light 36 & Telephone (old) $19 b. Telephone (new) $9 a. China Buses Sh $111⁄2 n. Singapore Traction 10/8 r. Singapore Pref. 20/6 m.
Industriais Malabon Sugar $81⁄2 n Cald: Maeg. (Ord.), Sh.$191⁄2 Cald: Macg. (Préf.), Sh.$13 m. Canton Ices $1.80 n Cements $5%1⁄2 s. Converted. ELK Ropes $2
Stores, etc. Daily Farms $14 sa. › Watson $81. Lane, Crawfords $51⁄2 n. Mackintosh 39 n
·Sinceres $8
Wm. Powella, 70 cia. D. Wing On (HK) $100 m
Miscellaneous.
HK. - Amusements $1.85 n. Entertainments $6.40 'n* S. C. Enterprises $1.35 n. Macan "Greyhounds”. $2 n. Constructions (old) $1:40 É Constructions (new) 45 cis. 1. Vibro Piling $5 a
Ch.. Gort. 5% 1925. G(Bds.
92% The
ELK. Gort. 4% Loza, 6% prem.
HK Govt. 31⁄2% Loan 2% prem
Wallace Harpers: $5.
Jat 100,000 bales. We would recom- mend that purchases be confined to good reactions. ·
"Eubber: Speculative demand is increasing. We feel that the improving statistical position war rants cantious accumulation of this commodity.
NEW YORK STOCK EXCHANGE
Reuter Quotations
May 15 The following emotions were 20- cerved by Beuter-
close -- 10.20 11.00 NY/London 487 48TK 4.87 NY Cotton Joly 13.86. 1186
Oct
11.69
11 1170 theNY Rubber July 12.02a 12.18
Sept
-12.15 American Oriental Finance Corc. Wheat July 92%
12.32 for C. Corn July 80%
EA. Pierce And Co's Report Iz their market report,
poration. correspondents Messrs. E. A. Pierce and Company W. Wheat July 88% of New York state:
STOCKS: Amer Smelting Stocks: Secretary Morgenthair's Con Gas X.Y. speech was without any definite Du Fout market effect, the List awaiting Elec Bond & Sh..
General Motors action regarding the Patman Bonus In Tel & Tel Bill and the President's transporta-Loew's Ine 29 tion message.
Montgomery W 264 Nat Distillers NY. Central Standard Oil NJ, 45% US. Steel
exe
"Sugar: This market was ceedingly dus. Store Philippine sugar, was sold at 3.40 cents, while July-August shipment sold for 3.45 cents The market is awaiting re- newed buying interest by refiners.
"Rubbers The market was very active and firm, There was some| factory buying in the afternoon session. Commission houses were small sellers, most of which, it is believed, was profit-taking. Dealers bought, with outside ouerings – in evidence. The tone was firm.
“Cotton Baying by concentrated interests continues mostly in new
Is It insured? ?
Ensurance—"ALE CH
LOWEST RATES American Asate Underwriters Fed, Inc., USA. General Agents
Head Office
The Bund
7%
17
23
12.93
12.03
$2
80%
$488
Jan (1936) 2472 241 248: 2,42
September
1.33 1.34 13134 133
Montreal Silver-
May
73.95 75.50
74.85 76.20
September
December
July
Sa-esked
75.49 77.05 76.301 - 78.005
---nominal
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. B. Joseph and Col have [received the following Straits Cur- (rency quotations from Singapore for
Eaw Ecbber.
+
Spot 191⁄2 Up 1⁄4 b., 20 s. July-Sept. 21 Up'3⁄4 b., 21% s- Oct-December 22 Up 4 b., 224
3
Jan-March 23 Up 1⁄4 b., 25
Market:-Steady.
COMPLETE
LOW
THE NEWSPAPER METERPRISE. LTD.
S. E. Levy & Co.
ICE HOUSE · STREET
BANKERS À BROKERS
NEW JOSE COTTON-EXCHANGE
COMMODITY EXCHANGE, INC. W.I. CHICAGO BOARD OF TRADE S CANADIAN COMMODITY EXCHANGE,