BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION “
Authorized Capital
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
$50,000,000 Zucarporated by Royal Charter, 1853.
Issued and Faily Paid-up. 20,000,000 Reserve Fundi
Sterling Silver
£6,500,000
$10,000,000
Beserve Liability of Pre-
urietors
HEAD OFFICS: LONDON
Paid-up Capítul
Reserve. Fand
20,000,004 Reserve Liability, of Pro-
HEAD OFFICE: HONGKONG. BOARD OF DIRECTORS,
~ the Dulwell Dog
Chairman.
CC Knight, Foq. Deonte Chaura).
Hoa Ms V. H Bell,
J. A. Plummer, Est-
A. B. Compton E3-
LT. Johnson, Esq.
Hon. Mr. J. J. Paterson,
G. Miskin Esq. T. E. Pearce Esq.,
MOT BANGKOK ZAZAVZA
WOMBAY SALOCITA
CANTON
SHEFOO: COLOCBO
DARES TOOCHOW
T. Ongkratta, henge
Chial Manag
BRANCHEN---
KCALA LEXPER LONDON
LYONL
XALLOCA
MANILA
MUAR (Johan)-
MHRDEN
PEIPING PENANG
NEW YORK
WALPHONG
MARENG
KUST DON
Crocs
BANGOOR
SAIGON
"SAN FRANCISCO
KIANO BAT
SINGAPORE
SOCRABATA
SENVEJ PATANI
TIENTSIX
OTROL
YOKOHAMA
Locounts opened as Local Currency and Fizme Deposited for one yer a akpurios in Loma Compnay and
wrting
* mene, which will be quoted on. «pplication.
Hong Kong, 7th May, 1935.
HONG KONG SAVINGS BANK.
prietors
↑ Aloe Bar
Azurite
Bangkok
£$,000,000 $3,000,000
$3,000,000 --
Agencies and Branches:
Holla
Kerschi
Bobe
Rangoon
* Baigen
Semarang
Di Shanghel
11
Bomby Calcutie CARME Cawogers Ceb Colombo - Hapones
Hamding Hankom Harbin
Kuching Nadro Manda Madao Ka Tark
Pripitan
Chatang!
Amarahnya
Taiping
TheSALE
[Dete]
Tingbes
Tokodeine Wanbeanga
TRDALE Sour Song
Foreign Buchungs, and Övaseul Baking busZIRAN ETICHETER.
and Fixed Deposite
1. Current Accounts opened
rogired for one ar or shorter presude as which will be quóvel ca application,
A. KREARLEY.
“Manager
Hong Kong, 1st. Jannary, 1935.
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries.
Deposit them in a Vanit
that is"really** FIRE-PROOF. BURGLAR-PROOF DAMP PROOF!
THE CHINA MAIL THURSDAY, JUNE 6, 1935
Commerce and Finance
LOCAL DOLLAR
STEADY
Silver Prices Rise
The local dollar remains changed. opening on demand this morning at 274
Spot silver rose 9/15 to 33-1/16 and forward to 33-5-16.
The London on New York cross- rate was quoted at £-US$495, as compared with 5-US$492%, while the New York on London cross-rate was quoted at US$1954 33 compared with S-US$194
EXCHANGES
TO-BAY'S QUOTATION
On demand
Singapore
OUR SAFE DEPOSIT VAI lovas
Hlocated
on the Meanine Floor Our New building is Specially Con- stracted to provide all of these Im portant. Qualities.
On demand
You may
obtain a Safe Deposit On New York- Box in this most up-to-date Vanit for
On demand own use at a very modezata Ban
Tom Bemiere of the above Bank is coodus-your d by the BONG KONG AND SHANGHAI Bulos y be BANKA CORPORATION,
obsed an application.
FOR THE HONG KONG AND SHANGHAT- BANKING CORPORATION,
T. X. GRATBERS,
Chint WroscTT.
Hong Kong. 25th February, 1935
THE BANK OF EAST ASIA, LID.
Mashorised Capital
Pop Capita
Miserie and lizdrided Prote
$23.800.000,00 $4,358,500,0
---23,634 100,00
HELD DEFICE-HOKO KOSO
1 Du Temiz Fond Contr
BOARD OF INRECTORS——
Sir -, Chairman,
54 Loon Chem. Eng. 1 K. Kook die 1. Tour. Che Son, Zug, and Bas Tine
Ian Tong Fo, enqu Chiot, Muongw.. TT Fong Faqe, Maunger.
BRANCHES AND AGENCIES
Malborrow
Kew York
Paris ***
Pomag
Kangem
bag. Findeter
Bemorning.
Trimka
K
Josaber
Every pos & Backing and Zzabangs Bundaan. “Senoritad Lasne practed as approved Į
Current
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ies House Street and
Des Voeux Road, Central, -
THE BANK OF CANTON, LTD.
Established 1912.
60%
LOCAL SHARES.
TO-DAYS QUOTATIONS
The following is the list of local share quotations issued to-day
Baaks.
FK Bank $1,005 b. H.K. Bank (London) £124% Chartered Bank $14. n Mercantile Bank A. & E. $3116 Mercantile Bank C. £13 m. Bank of East Asia. 551 m. -· Am. 0. Finance Corp. China O. Fin. Ordy Sh. China 0. Fin. Pret Sh.
Insurances.
Canton Ins. $203. Union Ins. $335 m. China Underwriters 90 cts. n. China Fire Ins. $382' nge H.K. Fire Ins. $200 n. - International Assce. $414 m.
Shipping.
Douglases $35 1. ELK, Steamboats $4 n. Indo-Chinas (Fre£), $30 î. Indo Chinas (DeL). $33 1 Shell (Bearer) 73/1 Union Waterboats $111⁄4 =-
Mining.
Baguio Gold 21 cta. n... Benguet Consolidated $10 n. Benguet Exploration 10 ets n.. Benguet Goldfield 10 cts. 1.
Big Wedge 8 cts.
Gold Creek 30 cts. 3.
¡On London-
On T.T. and demand
4 months” „sight Credits
2/4 2/43%
months sight 22514
On Shanghai-m
111
99**
On Japan-
Antamoks 68 cts. 1
On demand.....
1984
Balatoes $34 n.
On India
On T.T. and demand.. 1543%
5752
Credits 60 days" sight
On Batavia-
On demand
35
Gold River 7 cts. n.
On Paris-
On demand
87274
Credits 4 months" sight 9223
On Saigon”.
On demand
87
1154
79% rate 2/5
33-1/16
nom
INKIL
-par. 1.3% pa. 274 dis -par.
On Manila-
On-demand
On Bangkok--
On demand
Kead Office:-Hong Kong
Sovereignis bank buying Authorised Capital ------ $11,000,000 Bar Silver per oz. Paid-up Capital
8.555.000 Bar Silver in Hong Kong Total Resources
$2,170,492 Branches: Canton, Toishan, Shanghai Copper Cash Hankow, Bangkok & San Francisco. Copper Cents London Banke: Lloyds Bank, Ltd, Rate of Native Interest
Foreira Exzchazey and Banking Chinese Sub Coin business of every discription. tra Hong Kong Sub Coin acted
Current Accounts opened and Fized Deposits receired for
JEST OF
NEW YORK STOCK sharter periods at rates which will be quoted on application.
EXCHANGE - Reuter Quotations
900
Safe Deposit Boxes (variona stres) for hire.
LOOK POONG SHAN,
Chief Maragez-
THE
Arvonnte uno CAMERICAN EXPRESS COMPANY.ceived by Retter
and Fraud Dejanzlo, zamítač, for on your [shorter periode in Local and Foreign Currencier
es bars walch will be quound was upgilencion.
Sale Deposit Boxes Is Ist
Branches
KAN TONG PO..
12.46
INC.
NY. Cotton
Head Offee:-65. Broadway, New York
July
11.54
Oct
1126
June & The following quotations wER-CE:
4964 495 495 NY.Loaden
1141 11.13
11.38 11.10
NY. Rubber.
July
1.2.55
12.50
Capital
‚U.S.$8,000,000.00
Sept
12.68 12.60
12.60
2,087112.69
C. Wheat July 84
83
Reserves
1,995,523.81
C. Corn July 80%
S1
$3
BRANCHES-
STOCKS
Ammertzen
·MHan
"Ausww
Gangaw
233%
23
424 24
Apsona Beste
Bectio
Brathen
Bromate
Caire
**** Magne
Hamborg Heidelbery Interiakoo Sarukalasz London Liverpool
Naples
Paris Pripia Harde
Shangha
Elec Bond & Sh.83% General Motors. 31 Int Tel & Tel
Logs Inc
83 29
$% 30% 30%
$ 394
THE CHINA & SOUTH SEA BANK, Sumpins
LIMITED
(Incorporated in China)
Head Office ...Shanghai
Capital
Волте
$7,500,000.00
$1,500,000.00
All Important Cities
in China
Foreign Exchange. and General
Banking Business transacted.
Current and Saving Accounts OpEDER and Fixed Deposits received for one wear or shorter periods at rates which will be quoted on application.-
Sáu 2. CHẲNG
Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's OfficeTel. 33565 Foreign Exchange Dept. - 33566 33567 -33569-
General Offica
Cashier's Office
Comma Colombe Соркови Dublin Edisbur
Genera
Looupe
Laging.
Legion
Monte Cade
Mandau Mettrout
Tuomine
Zurich
Branches of American Express Com
In Principal cities of Uzitači States of Ameries and" Canada..
Dany
W. Wheat July 83%
Aimer Smelting · 43
Con Gas NY.
Mostgomery W. 25% 2554 N.X. Central
16 163 Standerd Oil NJ 48% 48 U.S. Steel
--- 327%
32%
LONDON EXCHANGES
Ipo Mining 85 cts. 1.
Itogans 30 ets. n.
Salacots 12 cts. D.
Kailan Mining Ad. 17- The
Langkets (Single) Sh$14 m
Shai Exploration Sh.$44. n. S'hai Loans Shi$% Raubs $5.15
Venz: Goldfield 35 r.
Docks, etc.
HK and K Wharves $82 s. Cum
Tts.
EX. and K. Wharves ex right
$814 s
HK and K. Wharves right $4 5 HK and W. Docks $91⁄2
Providents (old) 75 ets. b. ' Providents (new) 20 ctx p. Hongkew Sh: $2671⁄2 m New Engineering Sh.35 m. Shai Docks Sh. $110 m Cotton Mills. Ewa Cottons Sh. $8.30 n.. Shanghai Cotton (old) Sh$70 1 Shanghai Cottons (new) $43. n. Zoong Sings Sh. $84. n. Wing On Textiles, Sh. $55 -
Lands, Hotels, etc. H.K. and S. Hotels $4.15 D. HK. Lands $31% b HK Lands 4%
100% sa
BERLIN STOCK MARKET
Record Prices For Certain Shares
REACTION TO FRENCH CRISIS
NEW YORK STOCK MARKET
Cautions Buying Advised
TAKE PROFITS IF RECENT HIGH LEVELS REACHED
NEW ADVERTISEMENTS
HB BEER REDUCED PRICES
S the Local Dollar Exchange has again risen, the price of HR BEER has been reduced as from the 1st June 1965, by $2.60 In their market report. Messa per case of 48 quarts and $2.50 per
- CHINA MAIL" SPECIAL,
Berlin. Yesterday.
recorded Levy and Company, corres case of 22 pints. Record prices were
yesterday for certain shares. the Pondents for Messrs. White Weld At the same time, as the cost of volume of business reaching con
and Company, New York state-new bottles has been, reduced by "Stocks: We would suggest the rise in exchange. it has been siderable dimensions- All forms taking profits should the market fond necessary to adjust the prices
advance to the recent high levels, paid for returned empties as fol-" of shares were exceedingly firm.
The prime cause of this strong but we would caution against bay-lows upward movement is considered to ing if the market is strong Busi- Pint bottles 2 cents each and be the political crisis in France, (ness done:—1,100,000 shares. quart bottles 3 cents each, or $144
-Grains:-Weather conditions in per case pints or quarts which investors fear might end in currency devaluation. The bank both the Carn and Wheat bels are Payment will be made immediate- holiday in Danzig is also causing favourable and
we would avoid ly if empty bottles are returned to of-bulge buying. Total sales: Wheat: one of our Battle great uneasiness despite the
Depots: Hong ficial assurances that no further-20,357,000 bushels; Com:-10-Kong-No. 7, Daddell Street; Kow- ¡depreciation of the Danzig gulden (502,000 bushels.
loon No. 38,, Carton Road, provid- is contemplated.
Continued on Page 10) ed the bottles are in good condi
Latest Quotations
:
The excessive buying of shares » was favoured by the auzormal li-i
Pret. To-das
C'DOR
tion.
When you buy H. B. Beer you pay
HONG KONG BREWERS & DISTILLERS, LIMITED.
quidity of the moner market here.j The following quotations has only for the Beer. Fixed interest securities were been received by Reuter hardly in demand, but neverthe less. prices remained steady, indi- cating that share buying was not the result of a flight from the bond market. Call money was at 2 to 3-TIRES-Ocean Service..
TRANSPORT
FACILITIES IN
NY/London
cross-rate
1255
F. Cotton July NY. Eubber-July Chicago Wheat July £4 Chicago Corn-July S Montreal Silver-Dec. 75,70 Silver Official
722 Dow Jones Averages
30 Industrials 113.58 113.92 3 up 20 Rails
20 Utilities
LONDON AREA do Be...
Vast Improvements Scheduled
GOVERNMENT GUARANTEES LOAN OF £35,000,000
London, To-day.
*
11 Commodity
Index
$1.22 31.25 02 of
20.37 21.00 29 up
9493, 9495' 02 up
56.79 56.84 .05 p
Business Dome-2,100,000 shares.
CHINESE-AMERICAN TRADE UNION
Branch To Be Set Up In: Canton
Canton, to-day.
As a result of the talks between the members of the American Economic Mission and its commit-
COMMODITY PRICES tee members, the City Chamber of
Commerce has decided to establish The following quotations have a branch of the Sino-American been received by Retter..
the Trade Union. în Cantoni for Prev. Yesterday promotion of trade between the Closing Closing two countries.
A big programme of railway New York Cottons and other transport improvements July
in the London area, involving an October expenditure of £35,000,000, foans December for which it will have an Ex-Jan. (1936) chequer guarantee, is to be under-March taken at once and completed in May... five years.
[Spot
These rast schetties of work have New York Rubber: been decided upon as a result of July
A scheme is now being drafted 1154 II.45
by the Foreign Trade Commission 11.26 11:16 of the Chamber for the approval of 11:29 11.19 the executive committee-Central 7134 13.22 Press
1142
11.32
11.56
·11:34 ·
11.90
11.30
12.55
12.62
many months' negotiations between September the Government and representatives December of the railway companies concerned Jaznuary and cover the electrification of March suburban lines in North-east Lon-May don and some in North London, in Chicago Wheats addition to the construction or ex-July
12.68 12.76 10.98 12.95
12.99a 13.03.
13.12
13.26
-13.28
13.39,
84
83%
pansion of tube, railways, to give September
845
[new
connections
between these December
STH
ST
electrified lines and the City and Chicago Corn:---
July West End
SOTA
80%
Legislation Pending
¡September December Winnipeg Wheat:- July
75%
6334
64%
KWANGTUNG TRADE IN RAW SILK Canton Sends Expert
To Europe
Canton, to-day. With a view to promoting for. jeign trade in local zaw silk," the Bureau for Improvement of Seri- culture petitioned the Provincial Government for the appointment of Mr. Terg Chit-yi, dean of the Agriculture College of the Sun Yat-sen: University, who has been 83% 337
nominated to attend the World Geological Conference, to study the No. 1 No.3 No.1 No. 3
silk business abroad. Con Con. Cop Con-will sail for Europe in the middle Mr. Tens 2.38 2.37 240 235 of this month-Central Fress.
The Chancellor of the Exchequer, in announcing these proposals in Debentures the House of Commons, said that New York Sugar
owing to the high level at which Government credit stood, the Ex- chequer guarantee of the loans
July would, enable the authorities" con-
¡Sept cerned to proceed at once with the
Dec. whole programme, much of which Jan (1936). 236 220 2361, 2.20
Shanghai Lands Sh$2012 m. Metropolitan Lands Sh. $10 n.' Humphreys $8 I
HK. Realties $3.80 n. Asia Realties “A”, Sh.. Asia Realties "B", Sh. Chinese Estztes $90 n.. China Realties Sh. $7 m China Debentures $123 n.
Public Utilities
would otherwise have been defer- Mar
244 242 245- 242,
2.50 246 · 2152 2.45
222
*2.22
red.
New York Sin- The necessary legislation will be July. introduced as quickly as possible September after the Parliamentary recess. December
1.65 1331/2 1.33
1.33 1.2114 1.31
H.K. Tramways
$13.10
b., The programme involves the build Montreal Silver:-
$13.55/45 s2.
ing of about 12 miles of new tabe
July.
73.40
72.65t
Peak Trams (old) $8 n.
railways, the electrification of P-September
proximately 44 miles of suburban December
73.70 73.400 74,70
74.25
railway, the doubling and electrif- January
74.650
74.431
cation of about 121⁄2 miles of fur-a asked, bid, traded, n-nom ther suburban railways and, on the "
Everything
gone. BUT YOUR
SAVINGS
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880 *
Capital (fully paid-up) Yen.100,000,000 Yen 125,800,000 Reserve Fund
TOKOHAMA
Head Offe
Branches and Agencies
Aleandria..
Bateria
Berlin
Basabay
Calcutta
Canton Dairen (Daley)
Nagasaki Nagoya
New York Osaka
Paris
Rangoon
Fenption (Muchem) Rio de Janeiro Hamburg
San Francisco:
London, Yesterday.
All classes of Commercial Banking Iransactions undertaken.
Paris New York Montreal Amsterdam Milan
75 11/64 4.95%
4.947/2 7.3224
Berlin
Personal investment accounts handled.
Vienna
Prague
Madrid
Athens
Bucharest
The Company, offers to intending Fravelleen the use of its " Pheques" and Letters of Credit and addition, the world-wide services its thoroughly equipped Travel De |partment.
E. W. DUGGAN,--
Manager.
THE WING ON BANK
LIMITED
Head Office: Hongkong. $26, Des Voeux Road Central. Authorised, Capital: $10,000,000
LONDON BANKERS
My Westminster Band" Ltd.
Foreign Exchange and every descrip tion of banking businesses, tamasacted.
Current
Accounts and Serbagu
Accounts opened Fixed Deposits received at rates which will be quoted
#paHertion. Special special deporte cial rates
Belgrade Montevideo
60 13/16 12.20 264
Peak Trams (new) $6 n.
Star Ferries $77.
Yaumati Ferries $20 n.
C. Light $8.35 b.
H.K. Electrics $5814 b., $58/59 sa. roads, the substitution of trolley Macao Electrics $2311⁄2 n.
Sandakan Light $5 x Telephones (old) $19,90 b., $20 sa. Telephones (new) $82% n.
China Buses Sh$111⁄2 n. Singapore Traction 10/6 b Singapore Pret: 22/6 b.
Industrials
113:9/16
36 5/16 514 sellers
490
218
Malabon Sugar $84 1- Caldi Macg. (Ord), Sh.$191⁄2 n. Cali: Macz (Pref), Sh$10 n. Canton Ices. $1.20 n.
39% sel off Shanghai
holiday ..... 2/4 11/16 Hong Kong Other rates unchanged.
Silver apot Forward Warloan 3%
33.1/16
33:5/16% 103 15/16 British Wireless Service.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
Cincorporated in China)
Capital paid
-$5,000,000.
Sements $54 2. Converted. HK. Eopes $21.
Stores, etc Dairy Farms $134 h Watson $34 by $265 Lane, Czawfords $3 n. Mackintosh $91. Sinceres $8 D Wm. Pawells, 70 cts. n. Wing On (HK) $100 2.
Miscellaneous.
HK. Amusements $1.85 n. Entertainments $6.40 n. 8. C. Enterprises $1.35 n. Macao “Greyhounds” $2 m. Constructions (old) $1.40 1. Constructions Vibro
bases for tramcars on 148 route miles-British Wireless Service.
FOREIGN SHIPPING IN UK. PORTS
Increase In Tonnage And Cargo
London, To-day. The net tormage of foreign trade shipping – arrivals at United Kingdom ports with cargo in April was 3.2 per cent. greater than win ( | April 1934, while-arrivals in bal- last showed an increase of 26 per cent.
Departures" with cargo were 5.0 per cent greater, but those in bal-
RAW RUBBER PRICES
Latest Quotations From Singapore
Messrs. H. B. Joseph & Co. have received the following Straits Cur- rency quotations from Singapore for Raw Rubber."'
Buyers Sellers Spot: 20% Up %. b. 20%. July-Sept 211⁄4 Unchanged
21/2 8.
-Oct-Dec. 22 Unchanged
2272 B
Jan. March 234 Unchanged
Market Steady.
last were 17 per cent smaller is It Insured?
than for the same period, fast year. British Wireless Service
BERLIN QUOTATIONS
withe
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING?
START NOW
UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST,