BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
$50,000,000 ased and Fully Paid-up. 20,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Reserve Liability of Pro-
uthorised Capital
Reserve Funds.
Sterling
rietors
£ 6,300,000
$10,000,000
Coba
...ES,000,000
_53,000,000) |
THE CHINA MAIL, SATURDAY, MAY 25, 1935
and
Commerce
Finance
EXCHANGES
TO-DAY'S QUOTATION
00,000 On London-
On TT. and demand
months sight
* Silver ....
Reserve Liability of Pro-
HEAD OFFICE: HONGKONG BOARD OF DIRECTORS.
***, & Dhulwell king.
C. C. Knight Ewq. Deer Chairman.
Hon Mr. H. Bell
JA. Plummer, Esq.
AHL Compton Esq.
T. Johnson, Esq. Hon. Mr. J. J. Paterson,
G. Miskin Esq.
BGMBAT
T. E Pearce Esq.
Y. X. Graybarn, Jagu
BRANCHES →→→→
ECALA LUMPER LONDON
LFOUR
MALACCA
MANILA
MAAR born) MLADEN
NEW YORK
PEIPANG
PENANG
RANGOST
SAN FRANCISOD
<BANGHA
Cat
| Colombo
| Hankor" Karbia
Hong Long
TYDADE
Foreign Banbangu auð· Ganses? Banking busines tected
Carreal Acoeunte opened and Pised Depot secerred for one your or shorter periods at #bich" will be quoted as applestion
A. BREARLET.
Managed Hong Kong, 1st. Jannary, 1935.
THE BANK OF CANTON, LID.
Established 1912.
Bead Offices-Hong Kong
&NOT
TANGIDE
MATANZA
CANTON CREFOO COLOMBO
TAIPEIONG
ELKTOW
DrH
JARORN
Inse
ZARLOOS
Chief InzagHE.
SAIGON
SINGAPORE
SHTRABATA
On demand
On Singapore-
On demand
LOCAL SHARES.
TO-DAY'S QUOTATIONS
NEW YORK STOCK MARKET
Poor Reception For Grams
-OTHER COMMODITIES DISAPPOINT
th their market report, Messrs.
UNION INSURANCE OF CANTON
Century Of Progress Reviewed
HUNDREDTH ANNUAL MEETING YESTERDAY
Presiding yesterday at
*he
NOVEL TREASURE HUNT
Government's Plan In Canada
GEOLOGICAL SURVEYS TO BE MADE
Ottawa. Canada is going on an intensive
The following is the list of local (S. E Levy and Company, cozrel-hundredth annual general meetin cold hunt with the backing of the
Dominion Government. share quotations issued to-day:dents for Mesurs. White Wald of the Union Insurance Society of and Company, New York, state: Canton Mr. Stanley E. Dod 1
The Government's plan is to |· "Stocks: We believe that. better Chairman of the Company, gave 2
in 180 parties buying levels are likely to prevail comprehensive survey of the Com-send eat 900 men before any further important ac-pany's work during its century of under 40 qualified geologists to explore the vast mineralised areas Business done: 1180,000 existence.
from the United States border to Mr. Dodwell traced the trading beyond the Arctic Circle. The ex- "Grains: Deliveries of May corn
treasure hunt will de was brought into existence by a probably be covered by a $1,000,000 and outs met with a poor reception of the Company from 1855 when it peases of the Improved crop conditions are
Total sales: group of merchants in Canton to (more than £200,000) appropria- pressing sentiment. 10.853,000 bushels; Corn: 5,208,000 the world wide business, owned by tion by the Dominion Government shareholders resident in practically The parties will not actually be claims but "Cotton: The market was stageery Continent, into which it had prospectors staking
geological data to nant We would confine purchase grown to-day with assets totalling will secare
serve as a guide f prospectors, over $6,000,000. ito declines.
"Rubber: Considerable outside The Society, despite slightly showing where lie the most "pro- liquidation was well absorbed.
Aadverse trading compared with the mising minging Selds. good demand for Actuals was re-previous year, maintained its dïri- ported after the close of the market. cend of £2 per share, and the Chairman stated that a recom- Total sales: 313 lots.
bushels
¡Paid-up Capital
Reserve Fund
20,000,000
prietors
Agencies and Branches:
Alor Ber
Toile
Rangoo
| Auzitese:
Saigon
Rangior
Credits + months" sight ..2/67
kang
Baraban
On Shanghai-e.
Both bey Cloutie
Eobe
Shanbad
Foals
Cingapur
Labor
Kurbis
Madras
Sitin Sourabaya Taiping
103%
Menila
Kodam
- {Haipereg
Ha
On Japan-
New York
(Bhular)
Palving
On demand
205
[Peking)
Tokobama Zamboanga
On India
On T.T. and demand
160
On New York-
On demand
393
Ranks: HA. Bank $2000 m H.K. Bank (London) £1231⁄2 1. Chartered Bank 14% n Mercantile Bank A. & B. SSI Mercantile Bank C £134 I Bank of East Asia $51 - Am: O. Finance Corp. Sh.515 China O Fin. Ord, Sh. $150 China 0. Fin. Pret. Sh. $i n. Insurances.
1
Tance. bushels
Credits 60 days" sight
623%
On Batavia-
Canton Ins: $203 ni "Union Ins. $320 b. ex. div.
China Underwriters $1 a
→
On demand
¡On Paris-
On demand”
905
Credits + months' sight
935
China Fire Ins. $400. H. Fire Ias. $200.. International Assce. St.$41⁄21⁄2 1 Shipping.
On Saigon-**
On demand
9014
Douglases 365-1
On Manila
$11,000,000
8.658,000 0: demand
119
82.170.482 On Bangkok-
7631
Hankow, Bangkok & San Francisco.
Landon Bankeras Lloyds Bank, Ltd. Sovereigns bank buying rate
2·6%
and Banking
Antamoks 68 cts.
34%
Balatoes $34 n.
Nom
Baguio Gold 21 cts. a.
-par.
Rate of Native Interest Chinese Sub Coin Hong Kong Sub Coin
.36 pa
27 dia
STNUT PATAIT
TIENTSIN
TUETO
TSINGTAO -TOKOHLMA
furmat Accouane opoued to Tool Carrancy Fixed Deposion recited for one year of
we periode in Locs Commas under
as wich wit be angled, in sogbentado. Hong Kong, 7th May, 1935.
Authorised Capital
Paid-up Capital
Total ResearcOR
Branches: Canton. Toishan, Shanghai, On demand
Foreign Exchange business of every diacription trans-Bar silver per 02.
scted.
Bar Silver In Hong Kong. Current Accounts opened and Fixed)
one year Copper Cash HONG KONG SAVINGS BANK Deposits received for
horter periods at rates which will be Copper Cents quoted an application.
Safe Deposit Boxes (various shes) for hire.
LOOK POONG SHAN,
The Business of the swore Back So mandyou
the EONG LONG AND BHANGE
KAKKING CORPORATION, Ral may be
cina: se application.
POR THE BONG KONG AND KHANGHAI TAKTING CORPORATION
V. K. GRATHURN,
Hong Kong, 15th February, 1935
THE BANK OF EAST ASIA, DID.
Bald Capital Stand Undivided Profą mana
600.0
32,636, VORLD0
HEAD OFFICE HONG KONG
De Kant Bond Canal, BOARD OF DIRECTORS
1
Lá Leon Chan, Ing. " I Iwat. Ing. Woog INS. TORE Ba Chashing Shak, Boy I L Song Leg Trong Cau, Son, Teq. and San Time
Tan Tocs Po. Leg. Clint Wasager.
IL Four. Et Yangu.
BRANCHES AND AGENCIES S
Harbourth
New York
Peria
Purping
Pang
Saigon
Sab Pract
Baile Beng Honghel
Sydowy *ck
Tabmatte Tokokszor
Every description of Banking and Exabangy Loads granted an appermet
Current Lesom opći Lool Curven
Fiz Depeche
Chief Manager.
SAFETY FIRST !
To Safeguard Your Valuabīng ·
and Jewelleries
Deposit them in a Vanly
that is really:
FIRE-PROOF
· BURGLAR-PROOF DAMP-PROOF !
OUR SAFE DEPOSIT VAULT
Our New building is Specially. Con- located on the Mexanine Floor of szructed to provide all of these In- partant Qualities.
You may obtain a Safe Deposit Box in this most up-to-data Vault for your own me at a very moderate- Bez
Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTE. Comer of Ice Hose Street and Des Voeux Road, Central
TEK
meter periods in Lomond Forge C AMERICAN EXPRESS COMPANY,
terms which will be quoted on application.
Bats Deposit Date To Let
XAN TONG PO.
Chief Macager.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Head Office
Capital
keserve
Sternchen
.Shanghai
$7,500,000,00
$1,500,000.00
.All Important Cities
in China
Foreign Exchange":
Banking Business trazzacted.
General
Current and Saving Accounts opened and Fixed Deposits received for one fear or shorter periods st. rates which Wid be quoted on applicatiANG,
800
Manager. HONG KONG BRANCH: 24. Des Voeux Road, Central
Tel soses Manager's Office
33665 Foreign Exchange Dept..
23567 General Omos Cashier's Office.
- 23569
THE YOKOHAMA, SPECIE BANK LIMITED.
Fatabbed 1880
“apital (fully paid-up) Ten.100,000,000 Reserve Fund
INC.
Head Office:-65, Broadway, New York
Capital
Surplus
Reservex
.U.S.$6,000,008.00 2.087.112.69 1,995,328.31
BRANCHES:-
Gepos
Achete
The Hague
Авиа Baalve
Harsca
Beckin
Xos
Firs
Pripitis Rorinedam
Bombay Bradet
Catmo
Cannes Colombe Copenhag Dibik Zinbergh
Genera
Hamburg Bartre Heidelberg Interisken For combate Landor Lord
: Lowran
Logate
Lemez
Zorsa Bagba Bowkeyeca Singapore Martika Irmáns
Mouse Corin
Munich Moott
Yokohama
Branches of American Express Com-] pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Aransactions undertaken.
Personal investment scomita handled.
LONDON EXCHANGES
HK Steamboats $4 n Indo-Chinas (Pre£), $30 Indo-Chinas (Def), $33 Shell (Bearer) 71/6 n- Union Waterboats $11
MiningTMTM
Benguet Consolidated $11
Benguet Exploration 10 cts D.
Benguet Goldfield 10 cts.. a.
Big Wedge Sets. D Gold Creek 30 cts. 1. Gold River T cts, I Ipo Mining 85 cts. Itogans 30 cts. I
Salacots 12 cts. n.
Kailan Mining Ad. 17/6 n. Langkats (Single) Sh$14 0. Shai Exploration Sh.$41⁄2 n' S'hai Loans Sh.$54, n. Raubs $4 b
Venz: Goldfield $5 z.
Docks, etc.
London, Yesterday.
Paris
New York
Montreal
75.7/61 4.94% 4.9334
Brussels
29.114
Genera
13.312
Amsterdam
*73234
Milan
60%
Berlin
12.29
Prague
118%
HK and K Wharves $55
Cam. rts.
$64
519 Sellers
2/5 3/16
34%
1063%
3434
Madrid
Athens
rong hong
Other rates unchanged.
Silver Spor
Warloan 314
Silver Forward
--British Wireless Service.
H.K. SHAREBROKERS” ASSOCIATION
Stock Report
The following report was issied by the Hong Kong Sharebrokers' Association yesterday afternooi.
Nat Com. Bark $4 b. Unions $320 XD. b. Douglases $3814 b.
Beng Consolidateds $10 b. Beng Explorations 11 eta, b.. Big Wedge 7 cts. b. Salacots 11 cts. b.
United Paracales 28 cts. k.
Raubs $4 b.
Lands $30 b. Entertainments $5 b. :Gold $ Bonds 92% b.
Govt, Loan 4% 5%% b. Govt Loan 32% 2% b.
HK and A. Wharves er right
$84 21.
E.K. and K. Wharves right $5 H.K. and W. Docks $91⁄2 n Providents (old) 75 cts. he Providents (new) 20 cts. pe Hongkew Sh. $2671⁄2 11. New Engineering Sh.$5 m. Shai Docks Sh. $110 nă
Cotton Mills
Ewo Cottons Sh. $8.30 n Shanghai Cotton (old) Sh$70.p Shanghai Cottons (new) $43 2. Zoong Sings Sh. $821⁄2 n Wing On Textiles, Sh. $55 1
Lands, Hotels, etc.
(Directors),
**
W.
Scheme Acclaimed The scheme has been acclaimed by all the provincial authorities
out there are 150,000 square miles Sugar: Heavy liquidation by out-mendation put forward by the Hon. and in Manitoba alone, it is pointed- side interests and scattered profit- Sir William Shenton, ther taking is improving the technical interim dividend might be consider of pre-Cambrian shield which position
The tone of Actuals is ed. would be placed before the has been practically untouched.
In the first two months of 1955 STT Total sales: No. 1 contracts Board:
gold production in Canada. Was 2000 tons; No. 3 contract: 26,000)
There were present at the meet-maintained at a high level and ag |tons-
ing Messrs. S. H. Dodwell (Chair-gregated 467,991 fine ounces, being "Flash: The American Railway man), J. Owen Hughes, ML Ta bir increased over the corres- Association, estimates carloadings Johnson, T. A. Mitchell and J. A-¦ponding period last year. At $35 for the past week at 583,000 cars, Plummer
per Sne ounce this was valued at |a decline of 29,000 cars from the Hughes (General Manager), J. W-labout $16.380,000 (£3,276,000).
corresponding period of last year. Alabaster, G. S. Archbutt, Jöhu It is believed, however, that the Brown, E. M. C. da Cunha. R. Afuture of the Canadian gold min- Dastur, HPC. Gray, J. H. Hance ing industry does not lie in the C. C. Knight, D. J. Lewis. Lo Chung territory at present being exploit- wan, J. Ormiston," Mrs. J. led, but rather in the immense and Plummer, Messrs. L. P. Ralph, practically unexplored areas of northern British Columbia, the Ryan, the Hon. Sir William E LYukon, north-eastern Alberta, and F. Simmons, in the northern sections of Sas- Shenton, Messrs. W.
Latest Quotations
The following quotations have [been received by Reuter
Prev. To-day's
XYJLondon
cross-rate
X.F. Cotton July
N.F. Rabber July
close elasa
49291 497 11.96 12.58
11.95
12:58
J. Reed. V. E. V. Ribeiro, L E
Chicago Wheat-July 90% 884 S. A. Sleap, M. AR Souza, FW-katchewan, Quebec, Manitoba and Chicago Corr July 8193
Stapleton, A. Stevenson. R LOntario-Reater. Monreal Silver-Dec 76-30 M. closed Stewart, H. Summers, G.. G. N
Silver Oficial
76
76
· Dow Jones. Averages 30 Industrials 11681 11617 64 of 20 Rails
31.20 31.67 47 32 20 Utilities 19.19 19.28 .09 T 40 Bonds
95.17 95.24 0737
s.11 Commodity Index ....
59.23 58.56 .67 of Business Dozes-1,180,000 shares.
COMMODITY PRICES
The following quotations have been received by Reuter.
May 23. May 24 Closing Closing
H.K. and S. Hotels $4 b. and sa. October
December HK Lands $31 n
Asia Realties “A”, Sh. $75 1. Asia Realties "B" Sh: $10 a.). Chinese Estates $90.. China Beatties Sh. $7 a China Debentures Sh$129 1.
•Public Utilities
H.K. Tramways $121⁄2 s2. Peak Trams (old) $8% n. Peak Trans (new), $6 m
Tinson and H. C, B Way.
SHARE MARKET
Mr. G. A. Harriman's Weekly Report
May 25, 1935.
Messrs. A. Harriman & Co.'s weekly share report and market review issued at noon on Saturday states:-
NEW YORK STOCK EXCHANGE
Reuter Quotations
-May 25.
The following quotations, were re- ceived by Eenter:-
close 10.20 11.00-
4.984' 1934
Axy/London 1492%
NY. Cotton
July
11.95
11.34
11.37
Oct
11.69
NY. Rubber
11.54
12.68
July
12.58
12.50b 12.506
Sept
12.72
12.625 12.61b
C. Wheat July 201
89-%
C. Corn July 81%
Market closed
4634
46%
29
2234
16
32
41
27
16
80%
The market during the week under review continued its down w. Wheat July 87% ward trend and prices in some in- STOCKS: stances sagged to new low levels, Amer Smelting 46
Con Gas NY. of trading being Du Pont the volume
100% 100% 101 The main feature of Elec Bond & Sh. 6% moderate. the week was the sharp drop in General Motors 31%
કુ. Hong Kong Trams and Hong Kong Int. Tel & Tel Electrics, the former being on offer Loew's Inc
Montgomery W. 27% at $11.75 and the latter having been at Distillers 2614 done down to $552 Hong Kong NY. Central Lands registered a further decline Standard Oil Nf 49% with sales effected at $30/91, clos-US. Steel ing in demand at $29. Star Ferries could be obtained at STT without attracting buyers, Dairy Farms dropped sharply to a selling rate of $13. Telephones (old) declis- ed from $19 to $18.25 closing with buyers at the latter rate: Minor Hotels issues were again easier: were put through at $4 closing in demand at $3.90.-
New York Cotton:- May *** July
11:93 11.95 11.96
71.69
11.69
1172
11.76
HK. Lands 4% Debentures 100% Jan. (1936)
1176
1178
March
11.79
11.81
J
Shanghai Lands Sh.$20 2
May
Metropolitan Lands Sh. $10
Spot
12.35
anquoted
12.35
Humphreys $3 D
New York Rabber:
HK Realties $44.
May
July
¡September
October
1251b 12.53 12.72a 12.76
12:492
12.584
December
January March Chicago Wheat:
May
July
1278
12.38 12.94 13.03 12.96 13.12 13.18
8934 88 90
.88%
September
91%
39%
December
931
91%
$3
$7.90/8.15 Chicago Cora:—
53
May
8834
844
H.K. Electrics $55 b., 356/55 Macao Electrics $2311⁄2 u Sandakan Light $6 s.
- July
$1%
7934
September
74%
from $8.25 to $7.90.
December
65%
64%
Telephone (old) $18 b. $184 sa Winnipeg Wheat:
Telephone (new) $834 2. China Buses Sh. $111⁄2 n. Singapore Traction 10/6 b Singapore Pref. 22/6 b.
May
¡July
Port Louis
Kota Bhard Kuala Lipis
·Kusis Lamour
Bengoats Shangha
Malabon Sugar $81⁄2 1. Cald: Macg. (Ord.), Sh$191⁄21⁄2 n. Cald: Macg. (Fref.), Sh.$13 ♫ Canton Ices $1.80 m. Cements $6.20 s. Converted. ELK. Ropes n
May
closed New York Sugar:--
Na 1 No.3 No. 1 No. 3 Con Con. Con. Can. 2.531 2.52
85 874
July
Sept
Deci
THE MERCANTILE BANK OF INDIA, LID
HEAD OFFICE:
15. Arenelurch Street, London, EC.S Authorised Capital £3,000,000 Subscribed Capital 1,800,000 ..... 1,050,000 Paid-up Capital Eeserve Fund & Rest.. 1,247,432 The Book of Encisod & Midland Bank. Tatil BEASCHES
Hyper Tork Basebook Bombay Calcutta
Colombo Deli Gale
*The Company offers to intending Travellers the use of its "Bezvalecz Cheques" and Letters of Credit azid, In addition, the world-wide services Boog Kong
its thoroughly equipped Traval De-
Yea.125,800,000 |partment.
Head Offices-YOKOHAMA
Branches and Agencies at:
Ratevia
Berlín
Casston
Daizem
Nagasaki Nagoya
New York
Osaka Paris Perping
Rangoon
Pam Kulden) Rio de Jenstre.
Elimkow
Harbin
Hene Kork
Hong
San Francisco
głow
E. W. DUGGAN,
Manager
THE WING ON BANK
LIMITED
Head Office: Hongkong. .26, Des Voeux Road Central Authorised Capital $10,000,000
LONDON BANKERS Westminster Band Ltd Foreign Exchange and every descrip- tion of, bankung: businesses. transacted.
Current Accounts and Accounts opened. Fixed T received at rates which will be quoted on application. Special rates given fo
Savings Deposits
As Special deposits Executorship mder-
Trusteeship and taken Safe Deposit Boxes for hire
PHILIP GOCECHN 22-Chief Manager:
HACING SET FONG!
Assti: Manager
How'
RENEES
Toon
Kandy
Kamchi
Pentag
(Maarition)
Kumaran (Pahang) Stanis
Singapore Hadres
HONG KONG BRANCH.
· Svery Sasaription of Banking soil Exchange but Tramaliars Chargone `Savonči
Trustee and Executorships under taken.
INTEREST Slowed-on Current Accounda ani Find Deponite za Zorno that may be anchetalind on application
7, Queen's "Zoad Catarat
Hong Kong, 1st April, 1935.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED Ancorporated in China)
$5,000.006. Capital paid ap
00,000.
Eeserves Capital Savings Dept Reserve Serings Dept. $600,000."
A Bank having as its
Industrial development. and the fostering af
cial zelation abroad.
Star Ferries $IT1⁄2 3. Yammmati Ferries $20 z. C. Light $7:85
▼
Industriala
Stores, etc.
Daily Farms $14.
China Lights)
49%
34% 34%
34%
CHURCHESE
FIRST CHURCH OF CHRIST
SCIENTIST::
changed hands at declining rates (Branch of The Mother Church, Cements The First Church of Christ, Scien
(converted) were dealt in at $5.80 tist, in Boston, Mast, USA]~
without any response. Providents
Market (old) were dealt in at 75 cents. In Macdonnell Road, Below Bowen
the Sterling section Hong Kong) Banks again came to business at $995/1010; but Union were a shade!
with sales effected at easier. 3335/40. The tone of the market 254 253 250 2.43 at the close was dull
2.62 2.59
2.56 2.54
Road Tram Station
Sunday Service 11.15 am Subject: SOUL AND BODY
The Sunday school is held on
Eusiness during the week has Sunday Moming at 10 o'clock 270 2.64 2.64 2.59 been done at the following prices: Wednesday Evening Meeting at 6
pm. HK. Banks $995/1010. Jan. (1936) 2.52m 2.43 246n 2.40
New York Silz-
May
July
Watson $34 D
September
141 142 1397 1.38 138 1372
Lane, Crawfordis $91⁄2 in.
Montrezl Silver
May
76.35
July
76.70
Market
September
77.40
closed
December
78.3011
Mackintosh $31. Sinceres $82. Win Powells, 70 cts, me Wing On (HK) $100-n.
Miscellaneous.
HK Amusements $135 n Entertainments $6.40 m S. C. Enterprises. $135 Macao "Greyhounds” $2 a Constructions (old) $140 n Constructions (new) 45 cts. Vibro Piling $ 1
Ca Gor 5% 1925 GBA
FK Govt 4% Loan, 51⁄21⁄2% pre
a asked, b-bid, t-traded, r-nom.
RAW RUBBER PRICES
Latest Quotations From
Singapore
Messrs. H. B. Joseph & Co, have received the following Strmāts Currency quotations from Singa HK Gov. 34% Loan 2% prempore for Raw Rubber..
Sport 20% down s b., 20's Wallace Harpers $5
Unions $335/340.
Raubs $400/474/ Hotels $4
HK Landa $30/31/ Providents (old) 75 cts. China Lights $7.90/8.35. HK Electrics $5544/60. Douglases $381⁄2
HK Trams $12/12/1⁄2- Taumati Ferries $17
Telephones (old) $18/18%. Cements (converted) $6.20. Watsons $2.00, "
July/ September 21 down 1⁄2 ba
213% & Oct/December 22
Jan/March
Reading Room at above ad- dress open Tuesday and Friday, 10
to 12 noon, Monday, and Thursday, 5:30 to 7 pm. The Public is cordially invited to attend the service and visit the Reading Booth
Is It Insured? ?
*Insurance All Classen BO LOWEST RATES American Asiatic Underwriters Fed Inc USA
General Agents?
Head Office
The Band
Ash Lite