BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000 Tossed and Felly Paid-up- 20,000,000 Reserve Funds:--
Sterling
Silver
£6,500,000
$10,000,000
Reserve Liability of Pro-
urietors
*HEAD OFFICE: HONGKONG.
BOARD OF DIRECTORS..
~ Dadweil Enqui
Chairman
CC-Knight, Kings
Donut Chilean.
Hos. Mr. W. E. Bil
AH. Compton Es
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853 || HEAD OFFICE, LONDON-
{Paid-up -Capital
$3,000,000
Reserve Fund
£3,000,000
20,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Mor Bar
↑ Bangkok
Xoals
Luching
Kadran
Medan
New York
(B)
Palping
(Pwang) Pace
Lengte
Yokohama
-3
Zamboanga
J. A. Plummer, Eng. Campone
MT. Johnson, Esq. Hon. M. J. J. Paterson,
*G. Mişkin Esq 1. E. Pearce Esq...
AROZ
RANGEUK
WLATPRONO
TX. Thegyben, Day.
Chief: Huanget. *) •
BRANCHES.
KUALA LUMPUR.
LONDON
LYONS
MALACCA
MANILA
X Johor)
NCIDEN
NEW YORK
PEPINA
PENANG
BANGOOK
SAISON
SAN FRANCISCO
SHANGHAI
FINGAPORE
KOERABAZI
RUNUZA MATANZ
TIENTS
TOITO
Cabs
Zakha
Hamburg Funhou
Harbis.
THE CHINA MAIL- WEDNESDAY, MAY 29, 1935
Commerce and Finance
LOCAL DOLLAR DECLINES
Silver Prices Fall
"The local dollar declined a half- perry, opening on demand this morning at 2/444-·
Spot silver dropped å farthing to S3-11/16 and forward to. 33-15/16.
The London on New York cross-| rate was quoted at US$4.3% as compared with US$495, Lon- Forge Kesbangs and Ommoral Bumbing best while the New York on
st don cross-rate
quoted was as compared with
Hang Long
Current Ananumam opood and PixelDepartu required for ano yur or shorter paciale si 100[£—US$191.
A BREAKLEY.
Manager Hong-Kong, 11 January, 1935.
5—–US$49478-
You may
EXCHANGES
TO-DAY'S QUOTATION
YOBX
JO LOOK
TSINGTAO
TOKOHAMA
Corum opened in Local OurEDKY
· Fizek Deposits received far vor these padošs in Local Company and Sterling terms wich will be quoted on sogliention. Hong Kong, 7th May, 1935.
HONG KONG SAVINGS BANK.
The Business of the abomi Back by vond met HONG KONG AND SHANGHAI RASTING CORPORATION. Rules may be BİRİDE ON application.
FOR THE HONG KONG AND SHANGHAI SANKING CORPORATION
T. X. OKATBURK
'Hong Kong. 5th February, 1985.
THE BANK OF EAST ASIA; LTD.
Suthorized Capital -
Assero and Podívided Praft
E10.200.000 20
32,436 90.80)
SAFETY FIRST I
To Safeguard Your Valuabled and Jewellazion.
Deposit them in a Vaul
that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF 1
OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor Our New bunding is Specially Com stracted to provide all of these Im- On demand portant Qualition.
On Japan
On Singapore---
obtain a Safe Deposit. On demand Bex in this most up-to-date Vanit for your own use at a very modeste Ban On Inte
Inspection Cordially Invitad. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and
"Der Yourt Road, Central
THE BANK OF CANTON, LID.
Established 1912.
-HEAD OFFICE-HONG TOEG 11, De Tax Bend Central.
BOARD OF DIRECTORS —— Sir Show: Chetron,
Ca Icon Chace. Ex. E Kwok. Eng., THOR
TER Zoog Zac. Chan Thing Fink, Zag
Hausbale Zobe
Trong Chu Note Zeg. and Ken
Is Toug Po. Foq. Chial Manager.
Tee Long Sug. Manager.
BRANCHES, AND 10XXG175 2000
Kalbourne
طين
- Piping
LOCAL SHARES.
ૉ
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day-
"
Banka
HK Bank $1,010 d., $1,030 s. HK. Bank (London) 1234 Chartered Bank £144 D. Mercantile Bank A. & R$ Mercantile Bank C. £193⁄41⁄2 ù. Bank of East Asia. $51′n. Am: 0. Finance Corp. China O. Fin. Ord, Sh. China 0. Fin. Pret. Sh.
--Ingarances.
Canton Ins; $203 n- Union Ins. $33236 b.
Ching Underwriters $1 3. China Fire Ins. $382 n. Ex. div. HK. Fire Ins. $200 2. International Assoe. Sh.$43% T
Shipping.
Douglases. $384 b. HK. Steamboats $4. n. Indo-Chinas (Fref), $30
Benguet Consolidated $11 m.
- Benguet Exploration 30 cts. n.
-Benguet. Goldfield 10 cta a
Bis Wedge 8 cis. Da
On London
On T.T. and demand
4 months' sight
2/4%
Indo-Chinas (Def.), $33 n. Shell (Bearer) $71/3 m.
Credits 4 months" sight
2/534
Union Waterboats $11% n
On Shanghai-
Mining.
On demand
139
Antamolx 68 cts.
Balatoes $34 -
100%
Baguio Gold 21 cts. n.
200
On T. and demand
155
On New York-
Gold Creek 30 etsi -n.
On demand
58%
Gold River 7 cts, I
Credits 60 days' sight
60%
On Batavia
On demand
On Paris-
On demand
$82%
Credits 4 months' sight
9527/2
On Saigon
On demand.
88
Head Office Hong Kong --
On Manila
On demand
116
$11,000,000
Paid-up Capital
8,655,000 On Bangkok--
Fotal Resources
783
33-11/16
· $814
Authorised Capital
32,170,492 On demand
TingiEranches: Canton, Toishan, Shanghai, Sovereigns bank buying rate 2/5
Hänkow, Bangkok & San Francisco. Bar Silver per oz. London Bankers: Lloyds Bank, Ltd,
Foreign Exchange and Banking Bar Silver In Hong Kong ..Nom. business of every discription, trana Copper Cash
acted.
Copper Cents
PIT
Current Accounts opened and Fixed Rate of Native Interest...3% pa. [Deposits recet red for
YOUT OF
274 dis shorter perioda ai raton which will be Chinese Sub Coin
LOOK POONG SHAN,
By mcription of Banking and
Accounts
Exhinse Lone greased en approved
opsori in Imel Curz*** AMERICAN EXPRESS COMPANT, Txted Deposit for "one_Jake or shorter peciods in Lovel and Termiga, Cursele Berton which will be quoted an application
Bale Prosit Boxes To Lak
FAX TONG 70.
Ciel Hansen.
Capital.......... „U.S.$8,000,000.00
Sagaid
·New York
Proses
Hangoon
Saigon
Souzabaga
wedstry Index
Job
jquoted on application.
Hong Kong Sub-Coin
Safe Deposit Boxes (various sises) ¡for hire.
Fan Branden
Tineret
Chief Manager
LONDON EXCHANGES
THE
Faris
London, Yesterday. 73 7/32
INC.
New York
494%
Head Office:-65, Broadway, New York
Montreal
4.94*
Britssels
29.09
Geneva
15.30%
Amsterdam
Surpina Reserves
2,087,112.69 1,995,528:21
Milan Berlin
7.31% 60 12:27734
Vienna
BRANCHES......
26%
Prague
119
ཡ་
Madrid
36 9/32
$7,500,000.00.
- The Bage
Арад
Kavana
Athens
$20 sellers
$1,500,000.00
Haime
Hamburg
Branches
All Important Cities
Paris Parig
Belgrade
219
in China
Bomba?
Foreign Exchange
and
General
Brethez
Other rafes "inchanged
Brusnin
Cairo
Calcutt
Catones
Zarandam Landes Liverpool Loecoe
Silver Spot
33 11/16
Shanghai
Forward
Colombo Copenhage Deblin Lamborgh Flare
Laser
Варле
You Card
Vactica
Madis
Munich
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Bezd Onice ...Shanghai
Eeserve
Cap
Banking Business transacted.
Current and Saving Acconuts opened and Fixed Deposits received for one year or shorter periods at rates, which
it be quoted on application.
800 Z. CHANG,
Manager.
HONG KONG BRANCH: 24. Des Voeur Boad, Central Manager's Omics Tel: 33565-
23666 Foreign Exchange Dept.
38567 General OEB
Cashier's Office
23569
THE YOKOHAMA SPECIE BANK LIMITED
Established 1880
Capital (fully paid-up) Yes.100,000,000 Yen 125,800,000 Reserve Fund
Head Office:-YOKOHAMA
Berin
and Agracies' st:
Nagamki Nagoya
New York **FT) Osaka
Paris Peiping
Madren · (Dalny) Rangoon Fangtiem (Muiden) Rio de Janeiro Hamburg
San Francisco
Kong Kong
Griking
Seattle
nghai:
dney
Mostra
-Branches of American- Agpress-Com» pany In Principal cities of United Etates of Americe and Canada.
All classes of Commercial Banking Franaactions "undertaken.
K
Personal investment accous
ibandled
33 15/16 105 9/16 -British Wireless Service.
War Loan 3/
THE MERCANTILE BANK OF INDIA, LTD.
11 HEAD OFFICE.
15, Branchurik Steam, London, Z.CA.
Authorised Capital
Subscribed Capital Paid-up Capital
£3,000,000 1,800,000
1,050,000
Reserve Fund & Rest.. 1,247,432 RANTIES:
The Book of England 4 Miðned Bisk, Lal. FRANCIES:
Bangkok Boerbay Calenta Calomino
The Company "aters to futanding Hervellers the use of its “Izaručers Cheques" and Letters of Credit and, addition, the world-wide services its thoroughly equipped Travel De-Hom partment.
E. W. DUGGAN,
{
Mazazer,
THE WING ON BANK LIMITED
مناوي
Hapy Lang
Joob
Randy
Kota Bharu Koala Lipis
Thom York PARERE Port Louis
--Chisuritian) Раперов Kuala Lampor Shanghai Eisetas (Pabang) Simula
Singapore
BUSO KONG ZEANCH
Cheery dewatiysion of Banking and Etchange band- some transected.
· Inventata Chagona, bussi.
Trustee and Executorships under-
ken
LITEREST JOwed- en Ozmeni
Fload Depoltajat Naras. Cut mar bu mČNE You application.
Bead Office: Hongkong 26. Des Voeux Road Central Authorised Capital $10,000,000
LONDON BANKERS Westminster Band, Ltd Foreign Exchange and every descrip="|||| tion of banking businesses, transacted. Corrent Accounts -and-Savings Accounts opened: Fixed Deposits jreceived, at mates which went be quoted en application Special zuten given fon Special deposits,
Trusteeship and tikken."Safe Deposit
"Quan""Bond Capsed:
Hong Kong, 1st April, 1935.
THE SHANGHAI COMMERCIAL]
& SAVINGS BANK LIMITED
Incorporated in China)
$75,000,000. Capital paid up 101.
Reserves Capital. Bavings: Beserve, Strings
Head Offe
A. Bank having se 28
Ipo Mining 85 cs Itogans 30 ets.
Salzcots 12 ċts. I
Kalan Mining Ad. 1776 1. Langkats (Single) Sh$14 12
S'hai Exploration Sh.441⁄2 m Shai. Loans Sh.55 . Raubs $44 b. Venz: Goldfield $5 p.
Docks, etc.
NEW YORK STOCK MARKET
Slower Business Now
Inevitable
SUPREME COURT RULING CREATES CONFUSION -
COMMODITY PRICES SPENT LIFE TRYING TO
The following quotations have i been received by Reuter
In their market report. Messrs. March S. E. Levy and Company, corre May pondents for Messrs: White Weld
[Spot and Company, New York, state
Stocks-
The view is gaining ground that, May slower business is inevitable: July present as business and the Ad-September_20 1ministration strive to get their December
bearings. Irrespective of bullish January long pull implications from the re-March cent turn of events, we would look May for better buying levels. Business done: 2310,000 shares.
Grains
There is no change in the sitqa- tion to report. Total sules: Wheat; 18,316,000 bushels; Cor 12,411,000 bushels.
Cotton
SECURE FORTUNE
Mar 21. May 25. Grandson Of Diamond
11.67 12.20
12.532 12.39
Closing Closing
New York Cotton”------ July.
11.97
ILSS
October
11.70
1156
December
11.71
1160
Jan-1936)
11.78
11.62
11.79 T1.65
ILS
-12.30
New York Rubber:---
19 12.88b 1996
13.15
-32.80
· 18:28.
13.43
Chicago Wheat:--
863%
"26
September December
883
-887
90%
90%
{Chicago: Corn ¡May
$354
893%
78
7334
7% -
61344
Winnipeg Wheat:- May
83%
$335
$479
Mar July
The goods market is at a stand- July {still.. We would prefer to confine September purchases to futures-on-breaks. December
"
•
61%
Rubber This market acted in sympathy with the decline in the other mar July 84%
the "improving
think kets We statistical position warrants an ac- New York Sugar;— cumulation of the commodity on a scale-down. Total sales: 632 lots.
Copper
July
Futures declined on profit-taking Sept. and stop-loss selling. We favour, Dec. purchases on further breaks as the Jan (1936). International Agreement is protect-}|
Duke Is Dead
FAMOUS CASE WHICH HAS JUST CONCLUDED
Count Ulrich de Civry, grand- son of the "Diamond" Duke,” Charles II of Brunswick, who Ispent almost 60 years of his life an attempt to secure the legacy of about £7.000.000 left by his grandfather, has died in Paris.
He was 80
12.92
His death recalls one of the 13.05a.
most famous lawsuits in French raquoted history, which began 60 years
ago and only ended last January with the failure of the Count's claim
Charles II was declared in- capable of ruling Brunswick and (in 1830 went to live in London.“
is extravagances soon made him actorious in England and France, and he ultimately settled in Geneva, where he died in 1873
Tomb For Legacy He left his jewels and the rest of his fortune to the city, of Geneva on condition that the municipality erected a magnifi- This Fo..1 No.3 No.1 No. 3 cent tomb to his memory- Con. Con. Con. Can condition was fulfilled. 257 255 2.42 2.40 His morganatic, daughter, the 263 2.61 249 246 Countess of Coltar. who was 271 265 257 251 born in London and married the 252m 246 240m 230 Count de Civry, contested the
will.
ing prices regardless of the NRA. New York Silk:-
New York Report
Jaly
Stocks: Confusion was created, September
December
by the Supreme Court ruling.. which is likely to affect the market Montreal Silver:- adversely for some time. Though May
we cannot generalise we would July
hold utility, railroad and merchan~ September
She claimed that she had a 1.3834 1.37 prior right to her father's for- 137Chán 135% ture since he had formally recog 13632 1.35 nised her and granted her the title of "Countess" by letters patent.
73.60 - 73.60b
This case was never settled," 76.35
73:551
but her son, Count. Ulrich. 76,50 74.10% carried on the legal battle.
·75.102
dise stocks. Otherwise, we would December ... 78.00 avoid taking positions until the ea asked, bbid, t-traded, a
fects on the particular industries
4
are more clarified. The decline in prices was due to fears of unres- trained competition and labour dif-
HK and K Wharves $52 s. Cum
HK and E. Wharves or right
H.K., and K. Wharves right FK and W. Docks $91⁄2 n Providents (old) 70 cts. Providents. (new) 20 ctx, n Hongkew Sh. $26772 n. New Engineering Sh.55 n -Shai Docks Sh. $110 TL
Cotton Mills.
Ewo Cottons. Sh. $8.30 n. Shanghai Cotton (old) Sh.$70 m. Shanghai Cottons (new) $43 x. Zoong Sings Sh. $81⁄2 n. Wing On Textiles, Sh. $55 1.
Lands, Hotels, etc. H.K. and S. Hotels $4 b. FK Lands $3011⁄2 b. $31 82. HK. Lands 4% Debentures 100%
b.
Shanghai Lands Sh.$201⁄2 a. Metropolitan Lands Sh. $110 d. Humphreys $8.1.
HK. Realties $4 n
Asia Realties "A", Sh.
Asia Realties “B”, Sh. ̧
Chinese Estates: $90 n. China Bealties Sh. $7.n. China Debentures Sh.3123. z.
Pablle Utilities
HK. Tramways $1160 38. Peak Trams (old) $8% n. Peak Trains (new), 36 2, Star Ferries $1732 n Yaumati Ferries $20 n. C. Light $8 sa. and h. HK. Electrics $561⁄4 za and b. Macao Electrics $2334 n. Sandakan Light $5 3. Telephone (old) $19 b. Telephone (new) $834 = China Buses Sh. $1131⁄2 ¤. Singapore Traction 10/8 b. Singapore Pret. 22/6 b
Industrials Malaboz Sugar $31⁄2- D-
· Cald: Macy." (Ord.), Sh$191⁄21⁄2 nD. Cald: Macg (Pre£), Sh. 12. 21. Cantor Ices $180. n. Cements $6 3. Converted. H.K. Ropes $22.
Stores, etc. Dairy Farms $12.90′′a. Watson $3
Lane, Crawfords $3 z. Mackintosh 39 1 Sinceres $8
Wm. Powells 70 cts, us -Wing On (HK) $100 1.
Miscellaneous.
EK. Amusements $1.85 n.. Entertainments $5.40 1 S. C. Enterprises $1.35 n.
·Macao “Greyhounds” $2 n.i Constructions (old) $140 Constructions (new) 45 cts. n. Vibro Faing 510
→ Ch Goʻl 65% 1925 G$Eds.
92%
HK Govt 4% Loan, 52% prem
HE Govt 34% Loan 2%
Wallace Harpers
Codes.
SINGAPORE RAW RUBBER
It was destined to become his life's work, for it began when he was a young man of 21 and ended. only a few months before his death."
Messrs. H. B. Joseph & Co. have In September last, the Bruns- ficulties owing to the invalidated received the following Straits Cur wick Consistory Court finally rency quotations from Singapore recognised the Count's claim to the fortune, and with this recog- for Baw Babber:--
nition as a basis, he formally
ounced
The Press to-day briefly an- the acquisition of the Twentieth Century Picture Com pany by Fox Fins. Mr. Schenck| is to
become Chairman. There were no other details available
Cotton: Weather conditions are ideal. The statement by Senator Barkhead that a 12-cent loan will be made is generally discredited:
Sugar:-Liquidation was hysteri- cal. Many well-informed traders believe that the Jones-Costigan Act is safe and are buying.
Latest Quotations The following quotations have been received by Reuter
Prev. To-day's. dose
سماء
Spot 20% down b 20% 8. July/September 21% down by sued the city of Geneva for the 1 return of the inheritance in the
218 *
Oct/December 22% down 7 b., Paris court.
223.
Jan/March 23% down 4b,
23% 5 Market:-Firti
MILITARY COURT FOR SZECHUAN
TO FUNCTION SHORTLY
Preparations
Chungking
In January the Paris court dis- missed the claim***
THEFT TRACED BY TOUCH
Blind Man Signals To Detectives
Liverpool
A system of signals between a blind man and detectives in· hid- ing was mentioned at Liverpool
having been Police-court last month, when
completed, the Military Court John Albert Malloy, 84, clerk, of- established by the Staff Corps of Grant-avenne: Liverpool
was
the Provisional Headquarters of fined 20s for stealing a news the President of the Military paper from a kiosk owned by gry Affairs Commission in Szechuan wallian
N.Y./London
Cross-tate
494
494
N. Y. Cotton).
July
11.97 11.86
NAY. Rubberm
Jaly
12.83 à 12.50
B
Chicago Wheat-
July
87
Chicago Corn-m
July ..
13
Montreal Silver
Dec
.78.00
75.10
Silver Oficial
74
Dow Jones Averages
1:20 Rails
20 Utilities
140 Bonds
is scheduled to commence
Jones, of Pitsville-
to avenue. Liverpool"
78% function in a very short time.
Regulations
governing
Jones, the blind man, said he the arranged his papers in such a organization of the Court and way that by passing his fingers
the punishment of both civil and over them he could tell if any
30 Industrials.116.74 113.76 998 or military officials for offences had been taken and not paid for 22.00. 31.44 56 of against the law have been pro-He arranged with detectives that 19.32 19.56 24 omulgated by the order of General he would open and close his kiosk 95.43 95.28 15 off Chiang Kai-shek, President of door quickly if he found a paper the Military Affairs Commission missing. He gave the signal General Chiang, in a telegram after Molloy had been to the from Yunnan to the Comman-kiosk. ders of the various armies in
11 Commodity In-
dexTM...
*58.66-57.70" 96" OF Business Done: 2,310,000 share.
NEW YORK STOCK EXCHANGE
Reuter Quotations
May 29. The following quotations were. re stived by Reuter-m
|N.-Y./Lon-`
don
Last Close-1620-1100
49134 493 49372
.11.97
11.72 1177 .1170 1142 LLAT
N. T. Cotton
July Oct.
N. T. Rubber
July
Sept
Theat
July
12.835 12.556. 12,56 12.96
ST
12.700 12.66.
July:
W. Wheat
July STOCKS
C. Corn
Amer Smelt
ting Con Gas NT Elec Bond &
Share General "Mo-
Int. Tel &
847
Mr. Julius Jacobs, the presid
Szechuan, instructs them that all ing magistrate, said Molloy's army and military officials in the action was mean and despicable. bandit suppression zones in the province shall be subject to the jurisdiction of the Court and shall be tried and punished according to military law in case
Che of violation of the same kiai Agency.
RETRENCHMENT TO BE ENFORCED
Graded Discounts In Official Salaries
Nanking
In order to balance revenue
SHIRLEY TEMPLE
BRIGHT EYES
A FOX Picture
FRIDAY at the STAR
84% income with expenditure for the Is It Insured? ?
current fiscal year, the National Government has issued a circular telegram to the various Govern- ment organs, ordering the en- forcement of a strict policy of retrenchment.
Fesurance == A3) Clames LOWEST RATES American Asiatic Underwriters Fed. Inc. USA. General Agents
shall be Head Office
The order states that alun- necessary expendit curtailed and that 2737 necessity, the sala fment officials” will
discors
of Gover