BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1855.
HEAD OFFICE: LONDON.
20,000,000 Reserve Liability of Pro-
Authorised Capital
Cosmed and Fully Paid-up-
$50,300,000 20,000.000
Reserve Funds
Sterling...
Silver
5,500,000 $10,000,000
Paid up Capital
Reserve Liability Pro-
Reserve Fund
£3,000,000 £3,000,000
--
HĽAD OFFICE: RÖNGKONG.
prietors
£5,000,000
BOARD OF DIRECTORY.
Agencies and Branches:
Bor Star
Ipok
Rangesh Saigon.
Bangko
CC. Knight K~]."
Dancer ChairmINAL,
Boby
Kade
Shangbai
Hon Mr.
Mr. W.-H. Bell
р
J. A. Flummer, Esq. spor
Sitiawan Sourab
A. H. Compton Esq.
Coba
Tsiping
M. Jabson, Esq.
Manila
Madan
Tengah
Hon. Mr. J. J. Paterson,
Haiporng Hamburg
Kew York
Piping
(B) Jungian
(baking) PROROK
Yokohama. Zamboanga
Denti kimin
Gaisman.
FG. Miskin Esc. T. E. Pearce Esq..
AMOZ
BANGKOK
PALCUTTA PINTOX CREFOO
BAKKEN POOCZOW RAPHONG
CANTOW
IPB
гов
MAWLOOK
3. M. Grybatu, hay
Chad Huangu...
PRANCER 20
KUALA LUMPER LONDON
LYONS
MALACCA
MANILA
-YEAR Fohen)
UNDEN
NEW YORK
PEIPINA PESANG BANGOS
BAIGON 2 -
SAN FRANCISCO
SHANGHAI
SINGAPORE NHHABATA
FIGE PAZANI
TIENTSIN
ΤΟΣΤΟ
TSINGTAO
YOKOHAMA
Current Account opend in Lani Cartancy sed Fixed Deponile monivað fær one year or Whorter periods in Lane Company nad Biweting onsertos which will be quoted on soglicazione
Hong Kong. 7th May. 1935.
HONG KONG SAVINGS BANK.
The Business of the above Back Le sonduci“- or the HONG KONG AND SHANGHAI EASING CORPORATION
giani on spplication
FOR THE BONG "TONG AND SHANGHAI BASSING CORPORATION
Farbin Hong Lang
Forsien "Enodangu, noč. Ouard. Banking busineen transted
Carrascaria opened sod Fixed Depo received for von year or aborter periodo na reten whink wil hou. quoted on applivation.
A. BREARLET.
Manager.
Hong Kong, 1st. January, 1935.
ન'
SAFETY FIRST I
To Safeguard'You Valuablas
and Jewelleries. Deposit them in a Vanit
that is realye FIRE-PROOF BURGLAR-PROOF DAMP PROOF 1
OUR SAFE DEPOSIT VAULT located on the Mexzanine Floor Our New building is Specially Con-| structed to provide all of these Im pertant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for {your own use' at a very moderate Ran-
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
THE CHIKA MATA TUESDAY, MAY 28, 1935
and
Commerce
Finance
LOCAL DOLLAR STEADY
Silver Prices Rise
The local dollar is steady, opening on demand this morning at 2/44
Spot silver rose 3/16 to 33-15/16 and forward to $4-3,16.
02
The London on New York cross- rate was unchanged at US$195; }
Lon- while, the New York don cross-rate was quoted |S—US.$29434, as compared with
U.S.$4.94%
EXCHANGES
TO-DAY'S QUOTATION
On London-
4 Months Sight
at
LOCAL SHARES.
TO-DAY'S QUOTATIONS
The following is the list af share quotations issued to-day-
Banks.
NEW YORK STOCK MARKET
NR.A. Regulation
Of Industry
EFFECTS OF SUPREME
COURT DECISION
NEW
ADVERTISEMENTS
PUBLIC AUCTION
TH
HE undersigned have received instructions to sell by Public
PEAK TRAMWAYS COMPANY, auction
LIMITED.
TOTICE, IS HERESY GİVEN
On -
FRIDAY, 31st May, 1935,
Nat the ANNAL ORDIN - cominencing at 2.30 p.m
ARY
at their Sales Room, Duddell Street of
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
Chesterfield Suites, Wardrobes,
GENERAL MEETING SHAREHOLDERS will be HELD In their market report Messza at the HONG KON HOTEL. on TUE DAY, the SE Levy and Company, corres-Hong Kong, localpondents for Messrs. White Wald 11th. June 1935, at 110 am, for comprising:
and Company. New York state the purpose of receiving the Be
"Stocks: The Government's deports of the Directors together Dressing tables. Eat. stands, Bed fest in the Supreme Court on the with a Statement of Acpunts for steads, Side Beards, Dining tables, Armchairs and Chairs, Chests of NRA and Farm Mortgage Bills the year ended 30th. Apali, 1995.
The TRANSFER BÇOIS of the Drawers, Cupboards, Desks, Glass should reassure business that the Government bereafter cannot ar Company will be CLISED from Cabinets Filing Cabinets, Book- bitrarily regulate and regiment In-SATURDAY, 1st day of June, to cases, Tables, Stands, etc., et
Ice Chests, Typewriters.. Sewing dustry. Our first reaction is that TUESDAY, the 11th Bay of June!
Machine. Gramaphones and Be- any bad effects from the re-entry 1985, both days incluse.
H.K. Bank $1,000 n. : HK Bank (London) £1253A IL Chartered Bank £1473 1. Mercantile Bank A. & B. $31 Mercantile Bank €. £1311⁄2 n Bank of East Asia $81 Dav Am: 0. Finance Corp. China, 0. Fin. Ord, Sh. China 0. Fiz. Pref. Sh.
Insurances.
Canton Ina. $203 n.
Union Ins. $227. b.
China Underwriters $1 a China Fire Ins. $382 n. Ex. div. ELK. Fire Ins. $200 International Assce. Sh.$431⁄2 n Shipuing.
Douglases: $551⁄2 1.
HK. Steamboats $4 n. 3 Indo-China's (Fref), $30 m Indo-Chizas (Def). $33 n. .141 | Shell (Bearer) $71.101⁄21⁄2 n. Union Waterboats $111⁄4 0.
Mining.
Antamoks 63 cts.
Balators $54 IL
Baguio Gold 21 cts.
Benguet Consolidated $11 z. Benguet Exploration 10 cts n Benguet Goldfield 10 cts. n.
Big Wedge 8 cts. I Gold Creek 30 cts. a.
of unrestrained competition into JOHN D. HUMPHRYS & SONcords, "Cutlery. Silver Ware. Brass
GeneraKianagers,
the various industries like Steel will have an offset in the beneficial ef Ifects of the restoration of couragej Jand confidence. Total sales: $20.000 Ishares.
Hong hong 23rday, 15 %
NOTICE
Over WEST AND EAST FELOWSHIP
<For World Peacand
"Grains: Many traders feel that there will be no aggressive support!
intil. May liquidation is Meanwhile, excellent weather condî-l tions are discouraging buying.) Total sales: Wheat: 17,414,000 bushels; Corn: 9,168,000 busheis.
(Continued on Page 7) Latest Quotations
The following quotations have been received by Reuter
X.L./London
cross-rate
XY. Cotton-July
NY. Rubber-Jaly
Prev. To-day
elcom
4944 194 12.00
7281
11.97 1936 8734
Chicago Wheat-July 874 Chicago Com-Jaly 75% 78 Montreal Silver Des. 7500 700 Saver Oficial
On T.T.
2/4
On Demand
.2/47
2/478
Credits 4 Months Sight 2/6/
On Shanghai-
On Demand
¡On Singapore
On Demand
.1023%
On Japan
On Demand
203
On India
On TT and Demand On New York-
.15814
On Demand..
1591
Credits 60 Days Sight
.61%
On Batavia-
On demand
STYL
Gold River 7 cts. n.
On Paris
Ipo Mining $5 cts. n.
On Demand
.900
Itogans 30 cis. I.
Credits 4 Months" Sight
.950
Salacots '12`eta. n
On Saigon
Kallan Mining Ad. 17/3 m.
12. 25%2 Dow Jones Averages 30 Industrials 115.90 116.74 20 Rails
20 Utilities
On Demand
.$95%
Langkats" (Single) Sh.$14`z.
84 up 31.65 32.00 35 up 19.15 19.32 11 p
140 Bonds....
S'hai Exploration Sh.3434 n.
1. On Demand
.118
Kitablished 1912.
On Bangkok-
Shai. Loans Sh.351⁄2 n. Raubs $4.10 b.
Head Offices--Hong Kong...
On Demand
Wha
Venz; Goldfield $5 1.
BOARD OF DIRECTORE:—
Authorised Capital
1 Los Coun. Tag. I I
Bir Shounen, Chairman.
In Food Paid-up Capital
$11,000,000 Sovereigns bank baying rate
8,655,000
22,170,492 Bar silver per oz.
2/5/% 15/16.
Nom
London Bankers: Lloyds Bank, Id, Copper Cash
and
Foreign Exchange business of every discription trans- Rate of Native Interest ...3 pa SCLEČ
Chinese Sub Coin
27% dis par.
Banking Copper Cents
..par.
F. X. GRATAERK,
Chiot Harmon
Hong Kong, 3th February, 1935.
THE BANK OF EAST ASIA, LTD.
Atherioed Capita
"Pabóng Capital
& SAVINGS BANK, LTD. Corner of Ice House Street and
Des Voeux Road, Central -
$200,000. THE BANK OF CANTON, LTD. On Manila-
Sabers and indivlint Profio 182,434, 900.00 -
XIAN OFFICE-HONG KONG
2. Fat, Food Castra.
Frog Lot Rome Chy Son, Bag, and San
THE TIME. Eng. Clas "bing Shek Esq. L Las Fotal Rescarces
Ian Took Pa. Eng. Chief Maangur.
The Fond Faq. Mange.
BRANCHED AND 'AGENCIES:-
Fox Branches: Canton, Toishan, Shanghai Ear Silver In Hong Kong
Haskow, Bangkok &. San Francisco.
·Tambay
Kawinan
Yow York
Main
Bad? TH
Securabaya
Paris Priping Pebing RAZLOGO
Satron
Bunton. Kangiopat Tabore
Takya
Sea Frackows
Losas granted on spremed
Lami Carranc
COM
Current Accounts opened and Fixed Hong Kong Sub Coin Deposits received for One year O sharter periods as zates which wit be quoted on application.
Safe Deposit Boxes (razions gimna) Le hire.
LOOK POONG SHAN,
Chief Manager
Geodes
Beriptios of Beukine ved Ezabongo.
Sagamora izmešač.
Pam Deposits owned ter
shorter periods, is Local and Fawigs Carla AMERICAN EXPRESS COMPANY,
which will be macted an applicanCIANS.
Sale Deposit Down To Tot,
KAN TOG PO.
Coment.
THE
NEW YORK STOCK EXCHANGE
Reuter Quotations
Docks, "etc.
95.40 95.43 .03 up
11 Commodity
Index .... 58.60 58.66 .06 mp Business Done:-$20,000 shares.
FK and K. Wharves $82 Cam COMMODITY PRICES
rts HK and Wharves ex right
$814 n
H. and K. Wharves right $5 HK and W. Docks $91⁄2 n. Providents (old) 75 cts. x. -Providents (new) 20 cts. ».
Hongkew Sh. $26734 z. → New Engineering Sh.55 n. Shai Docks Sh. $110 m.
Cotton Mills.
The following quotations have been received by Reater.
May 26. May 27. Closing Closing
Social Service
Ware, Porcelain Ware, Glass Ware. Tea Set Dinner Service. Wall and Table Clocks. Ornaments. Carpets, Rngs, Table Lamps, Linen, OD Paintings Pictures, Wash Basins, Electric Table Fans, etc etc
also
A Quantity of BLACK WOOD FURNITURE including:-
Joss Tables, Opium Stools, Tea Fors Tables. Table Screens, Arm-
and
One Piano Mortrie" One Radi
TT is proposed to hold meeting chairs and Chairs, etc, etc.,
to extend the activis of thei above-mentioned instituti and to merge it into a new orgaktion to be established on June Peace: It is sincer hoped Day, 1935. support will be forthcom All interested plej, send
who
are
their names and addressito, or
correspond with.
THE SECRETARY West and East Fellows 4D Hillwood Road, Kowl Hong Kong, 27th May, 19
SHANGHAI STOC
EXCHANGE
Stagnation Prevai
All Week
BEAR ATTACK, DEPRESSE
BOND MARKET,
A.0.F.C. COMMENT
Shanghai, May
Stagnation continued on
Shanghai Stock
Exchange
week. There were no shares de
e
in last Tuesday. The only bor
traded in were F.3LC. 7 per c
debentures of 1924, issue.
Few
unofficial transactio
were reported on the exchange
One set Lawn Bowls
On View from Thursday, the 30th May, 1935
Terms: Cash on Delivery.
LAMMERT BROS.
Auctioneers.
Hong Kong, 28th May, 1935.
SHIRLEY TEMPLE BRIGHT EYES
A FOX Picture
FRIDAY at the STAR
day: Some Shangh debenturi
gone.
Everything BUT YOUR
New York Cotton:- July October
12.00 11197
1185 11.70
December
11.91
11.71
Jan. (1936)
11.95-
-118
INC.
May 28 The following quotations were de ceived by Reuter-
1)
Crist Manger,
Head Ofice-65, Broadway, New York
N_T./London
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China)
Re Ofice...Shanghai
All Important Cities
in China
Foreign Exchange and
Banking Business transacted.
Current and Saving Accounts.opened and Fixed Deposits received for one war of shorter periods at rates which
be quoted on application.
SOU Z. CHANG,
Manager
HONG KONG BRANCH:
24 Des Voeux Road, Central. Manager's Once .....Tel $35ES Foreign Exchange Dept. General Office
Cashier's Office
Capital Surplus
Reserves
-17.S.$6,000,000.00 2,087,112,59 1,995,528.81
NY. Cotton-
July Ove
Ewo Cottons Sh. $3.30 z Shanghai Cotton (old) Sh.$70 n. Shanghai Cottons (new) $43 m. Zoong Sings Sh. $834 - Wing On Textiles. Sh. $55. n.
Lands: Hoteis, etc. HK and S. Hotels $4 b. HK. Lands $30 b.. $304 sa. 494 4947% 494%
HK Lands 4% Debentures 100% December
March
11.96
11.19
May
12.00
1182
Spot
12.40
12.30
New York Rubber:--
•
May July
12:425
12.7
12.81
1283
September .. October
-12.942
12.96
the next
Power 5 per cent
13.15
13.18
were done at $80.75 cash.
12.00 12.00 11.08 11.85 11.80
January
1.2.2x
13.29
11.78
Sept
BRANCHES:
•
Acacher Autowory
Gecom Gl
Ma Nica
..37:500,000.00
$1,500,000:00
The linge
Kaplam
N.Y. Eubber
July
1281 1983b 12.78 12.94 1092b 12.92
C. Wheat July S
C. Corn July 78% W. Whear July 874 STOCKS:
Shanghai Lands Sh.$20% n Metropolitan Lands Sh. $10 n. Humphreys $8 -
March
23.4la
12.43
Comparatively speaking. tle better business was done
2 B
Chicago Wheat:
Thursday, when
May
863%
86%
8374
H.K. Realties $44 sa
July
:8742
87%
bonds.
79
IF
857
Asia Realties “A”, Sh. :
September
88
863%
business
Asia Realties “E”, Sh.
¡December
9015
-90%
Barson
Pienet
Amer Smelting 45
45
43
Hein
Hamberg
Patie
Bartle
Fenha
Beide Teeg
General
Bela Caire Caleuthe
Camer
Colombo
Imariakan Zarcontent Goodes Everpool
Lowcos
Copenhagen LADOR
Bispen
Techin
Prigio Paberind Botterdam Borda Shanghai
Elec Bond & Sh. 7 General Motors 31% Int. Tel & Tel 8 Lowe's Inc
Con Gas NY.
221
2214
Du Pont
101
deleted
Chinese Estates $90 m. China Bexities. Sh. 37 m. China Debentures Sh$128
Chicago Corn
May
***
833%
(July
782
41
Dublin
Marmos Edinburgh Moots Cacia Florence
Mandla
Tokobustn Zurich
Kop
Montgomery W. 26% Nas Distillers 26 N.Y. Central Standard Off NJ 48% U.S. Steel 34%
7 317%
64 87 41 26
Publie Utilities
September
774
713%
HK Tramways $11.80
December
524
6134
40%
Peak Trams (old) $8
e
Winnipeg Wheat:-
164
deleted
176 4874
262
17 484
Peak Trams (new), $6 n. Star Ferries $77.
May
+851⁄2
88
¡July
87%s
84%
Taumati Ferries $20 n.
New York Sugar:----
-
33566 33567
3:3569
•
THE YOKOHAMA SPECIE BANK |
Branches of American Infjxass Come pany In Principal cities of Unitað States of America and Canada.
All classes of Commercial Banking Transactions · undertaken.
Personal investment accidente handled
C. Light $7.90 sa.. $7.95 b. HK Electrics $56/5631⁄2 sába Macao Electrics $2331⁄2 n.
Con. Com Con Con
July
2.52 252 257 255
Domestic Bond Market.
LONDON EXCHANGES
Sandakan Light 16 s.
Sept
2.60 2.58 263 261
London, Yesterday.
Paris New York
75 15/64
4.954
Montreal
4.94%
28.9732
The Company offers to intending Travellers the use of its winavelers |Cheques” and Letters of Credit and,
Geneva
15.33
Amsterdam
7.3234
Milan
60%
Berlin
-12.301/2
Frague
119%
Lisbon
110%
E. W.DUGGAN,
Manager.
Athens Shanghai
Telephone. (old) $1834 b., $19 sa. Dec. Telephone (new) $83⁄4 &
Capital
-Reserve
Branches
LIMITED.
Established 1880
Savital (fully paid-up) Yez100,000,000 in addition, the word-wide services Reserve Fund
Ten.125,800,000 f its thoroughly equipped. Travel De-
|partment
~Hand Office:-YOKOHAMA
Branches and Agencies at: exandria
Nagasaki
Berlin
Bombay
Nagoya
New York Osaka Paris Perring
Dairen (Daing) Rangoon Fengtien (Mulden) Rio de Janeiro Bamburg
San Francisco Hankos
Sexttle
Hong
Hsinkding Karnchi
London
*Los Angeles
Singapore Soerabaya Sydney
Tientsin
Tokyo Tsingtan
abowad; at: OJST Le
THE WING ON BANK LIMITED
Head Office: Hongkong. 26, Des Voeux Kost Central Authorised Capital $10,000,000
LONDON BANKERS:---- Westminster Band, Ltd. Foreign Exchange and every descrip- tion of banking businesses transacted
Current Accounts znd Saving Accounts opened. Fixed Deposits received rates which will be quoted on application. Special rates given im Special deposits Trusteeship
at
and Execatorship ander afts received for fed periods taken Safe Deposit Boxes for hi
to be obtained, on application.
PHILIP GOCKCHINES
O Chief Manager je
fanager. L. GOCKGELY Kong 115k ATTENDS | Asst. Manager:
EL SEU FONG Aust. Manager
Brussels
Hong Kong Silver Spot
522 Sellers 1/8/5/16 -2/57% 25 15/16 34:3/16 1054 War Loan 32%
British Wireless Service.
Forward
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China) Capital paid up $5,000,000.
Reserves...
$7,200,000. Capital Savings Dept.: $500,000. Reserve Savings Dept. $600,000.-.
Head Office Shanghai
A Bank baring as its zufagion the Industrial development of China and the fostering of her comm cial relations, shesad: Hong Kong ofically. Los
China Bnaes Sh. $111⁄2 1: Singapore Traction 10/6 b. Singapore Pref. 22/6 b
Industrials Malabon Sugar 581⁄2 1. Cald: Macg. (Ord), Sh$191⁄2 n Cald: Macg. (Pref.), Sh$12 m. Canton Ices $180
Cements $6.20 z. Converted. H.K. Ropes $2 n.
Stores, etc.
Dairy. Farms $12.90 a. Watson $33.
»
Lane, Crawfords $3. sa. Mackintosh $9.
Sinceres $3 m
Wm. Powells, 70 cha m Wing On (EE) $100 x.--
Miscellaneous.
“HK. Amusements $1.85 n. Entertainments $6.40 n.. S. C. Enterprises $1.35 1
Macao "Greyhounds” $2′n.. Constructions (old) $140 n. Constructions (new) 45 cts. n. Vibro Piling $5-n:
Chu Gort 5% 1925 GBás-
92% 1
HK, Govt 4% Loan, 5%% prem
HK. Govt 32% Loan 2% prem.
Wallace Harpers §5.
the day's Tota
amounted to 294 shares and 9
The improvement in was maintained during the follow ling day, as the business done for the day was 350 shares and 1,023 bands Debentures figured large- ly in the transactions.
There were hardly any transac- tions done on the following, two days, debentures being practically the only listing which brought out; No.1 No.3 No. 1 No. 3 investors.
2.67 2.63 2.71 2.65 The outstanding feature of the Jan. (1935). 2496 2.44 252 246 Chinese Mar (New York Si:-
May
July ¡September December Montreal Silver:—
May July
¡September
December
2.45
1.42
Domestic Bond market 2.48 was the heavy slump of 96 Mil- lions, which, due to bearish tacks. Jost more than one point 138 1331⁄2 during the week Disbandment was 137 the next loser, registering net 136% losses of 25 to 35 for the whole. week. Aside from these two „"is- sues there were only small differ- eaces in prices at the close of the week.
137
75.10 75.60 75.30 76.35 76.506 76.50 77.505 78.00
There was a decided improve ja asked, b-bid, t-traded, n-nom ment in business transactions but
just the same the total for the six days represented a very small vo- RAW RUBBER PRICES lume, the average daily turnover
Latest Quotations From
Singapore
Spot 20% unchanged b. 2034s July-September 21% down 4 bu
being less than 10 millions.”
and the tendency became stronger
The week opened with dullness
SAVINGS
RENT
FOOD
CLOTHING HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING
+
START NOW
DERWRITERS
VINGS BANK
THE FAR EAST,
INC.
iz. Life Bulking“
Hong Kong.
Tel. 30234.
when the market receded steadily is nsured? ?
--- All Claasen EST RATES VIR
Ameratic Underwriters Inc, Side:
lunder the strength of selling or-. Mesars. H. B. Joseph and Co. have ders. The heaviest setback was The received the following Straits Cur experienced by 96 Millions. rency quotations from Singapore for bearish movement affected all other issues as well, although: [Raw Rubber.
these did not decline very sharply. While all others advanced fur- ther on Friday the recovery for 96 Head Of Oct-December 22% down 34 Mitons was short-lived and it
221⁄2 B
went down by further substantial Jan-March 22% down 1 b, 23 fractions. Movements were incon- sequential on Saturday, with rains predominating.
Market: Basic
al Agents
HK. Offer
The B
Asta Life Building
Tel 38284
百