BANKS
HONG KONG AND SHANGHAI
THE CHARTERED BANK OF
*BANKING CORPORATION INDIA, AUSTRALIA & CHINA.
Authorised Capital
- $50,000,000) Tremporated by Royal Charter, 1853. Famed and Fully Paid-up. 20,000,000
HEAD OFFICE-LONDON
Reserve Fundat.....
Sterling
Sitter
£ £500,000
$10,000,000
Reserve - Liability of Pro
nietors
Paid-up. Capital
Reserve Fund
20,000,000
Reserve – Lizbility" of
prietors
HEAD OFFICE: BONGEONG.
BOARD OF DIRECTORS,
*. H. Dodweli. King.
Chairman,
C. C. Koigiz, y
Duty Chairm
KHOE M. B. E. Bell
AH. Compton Ea
M. T. Johnson, Daq,
Hon. Mr. L L Paterson,
Miskin Esq,
MOT MANGIOR
MOKRAT AZACUTES
CHEFOO
DALOMBÓ
DAJERK WOOCHOW WAIPHONG
MAYBEING
PAR
#KOTLOOK
$3,000,000! $3.000.000
£3,000,000
Agencing ◊ and Branchess Bacroon Iyok
Raigar
Forverden
J. A. Plummer, Esq.
Torking
1. E. Pearce Exg,
V. X._Onebarn, bes....
سا بیان .
XRANCE
KUALA LUMPUR LANDON
LYONS
MASTA
NGAR Jobara)
NEW YORK
ESPON
FENANG
BANGOUN
SAIGON
SAN FRANCIBOR
- SHANGHAI
KINGAPOZ
SOULLRAY
SENGEI PAFANI TIENTSIM
TOKYO
TSINGTAO
TOKOHAMA
{'Curvaa korostu opraed to Lam): Outremer and and Deponiam venived, for one your de almuar perioda in Low! Loomay, and Smellag *hich will be anosed, se sapientiam
Hong Kong. 7th. May, 1935.
HONG KONG SAVINGS & BANK.
TORY
be
* Dunism of the abome Basit in eodiet- by the BONG KONG AND SHANGHAI BANKING CORPORATION Ezien obtained on application
FOR THE HONG KONG AND "SHANGHAI BANKING CORPORATION.
T. X. GRATBERS
Chiel Xroner.
Hong Kong. 25th February, 1935.
THE BANK OF EAST ASIA, LTD.
Basive and Undivided Fročtu, ma
„$10,000,000.00
$ 9,000,000,00 30.434 700.00
HEAD OFFICE:—BONG TONG
12, Leo Vince Bond Contra
BOLED OF DIRECTORI
Ghe Bhem on show, Chair
Tim Dong, Tag, Chan Cheng Black Team. Is
Zag Toog Chan Note Bag and San
Ian Tong Pop, Calat Maungan
La Tas Forks Tru Mangat.
BRANCHES AND AGENCIJE ZA
Mania
Malkmurton
Kageki
New Yo
Paris
Piping Panang
dation Barking and Rzabongo annencial. Lowen, granted, non sapevači
in Load Ce „Plasd DeportÍA, DEVOČ
-perkača in Leond- and Farmiga Chamación Male Deposit Rome To Let
AX TONG PO
· Chist ̧ Manager,
THE CHIKA & SOUTH SEA BANK, TIMITED
(Incorporated in Cat)
Capital
Bamirus
Branches
» Foreigne
37.500.000.00
*$1,500,000.00
-All Important Cities
ip. Clim.
Temhange and
Banking Fariness transacted.
Telping
Kee Zeek
(Blacher)
Tokol
Bukan Berbanga, náð Owners). Banting hot
Cumpar keeraam opened uut Fizst
A. ERRARLEY
Managem Hong Kong, 1st. January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:-Hong Kong.
Authorised Capital
Paid-up Capital
Total Resesros
THE CHINA MAIL- FRIDAY, JUNE 14, 1955
Commerce and
Finance
LOCAL DOLLAR UNCHANGED
Silver Prices Steady
The local dollar is steady, open- ing on demand this morning at: 124
Silver prices are unchanged. spot being quoted at 32-13/16 and forward at 33-1/16.
The London on New York cross- rate was quoted at S-US$4947% as compared with 5-US$493%. while the New York on London cross-rate was, US$434, 83 compared with £—US$9
EXCHANGES
TO-DAY'S QUOTATION
LOCAL SHARES.
TO-DAY'S QUOTATIONS The following is the list of local share quotations issued to-day2----
Banks
-HK Bank $1,025 7. -H.K. Bank (London) 51231⁄2 ne
Chartered Bank 514% **
Mercantile Bank A. & R. $31
Mercantile Bank C.`$131⁄2 1. Bank of East Axia $51 n. "Am. 0. Finance Corp.
China O.Fin Ord, Sh China O. Fin. Prof Sh.
Insurances,
Canton. Inis. $203, mu Union Ins. $34234, b China Underwriters 60 ets... China Fire Ins. $982 n. EK. Fire Ins. $200.n. International Assce. $4 mi
Shipping.
Douglases $36 1
ELK. Steamboats $4 m. Indo-Chinas (Fref), $30 1. Indo-Chinas (Def), $3$ 1, Shell (Bearer) $71/3 n. Union Waterboats $111⁄4
Mining.
¡On London
On TT and demand
2/4
4 months" sight
2/43%
$21,000,one
Credits 4 months” sight
2/5/2
8,655,000 On Shanghai-
12.170.493 On demand
140
99*4
Balatoes $34 n.
19834
Branches: Canton, Tolahan, Shanghai On Singapore-
Hankow, Bangkok & San Francisco.
London Bankers: Lloyds Bank, Ltd.
On demand
Foreign Exchange and Banking On Japan- buzimess of $78.J discription" trans- On demand
On India
lected
Current Accounte opened and Fixed Deposits received far UDE JOST OT {shorter periode at rates which will be On New York-
Ected on application.
Safe Deposit Boxes (various sises) for hire.
LOOK POONG SHAN,
Antamoks 71 CÈS. 1.
Baguio Gold 21 cts.
Benguet Consolidated $10 b... Benguet Exploration 10 cts. 2 1544 Benguet Goldfeld $10 m.
Big Wedre & cts. 1.
On T.T. and demand
On demand
· 57%
Gold Creek 30 s
Credits 60 days" sight
60%
Gold River 5 ets.
On Batavia-
Ipo Mining 90 cts, I-
Chief “Manager
|
On demand
843%
Itogons 31 cts. I...
On Paris
Salacots 12 cha 'n.
On demand.
ST234
Credits 4 months" sight
92242
On Saigon.....
On demand.
87
On Manila-
1154
79%
SAFETY FIRST!
To Safeguard Your Valmblar and JeweleriOL..
Deposit them in a. Vanli that is really: FIRE-PROOF BURGLAR-PROOF DAMP-FROOF 1
OUR SAFE DEPOSIT VAULT
On demand On Bangkok-
On demand
Sovereigns bank buying rate 2/5%
Bar Silver per oz. Boexted on the Merranine Floor__af
Our New building is Specially Con Bar Silver In Hong Kong structed to provide all of these In-Copper Cash
Copper Cents “ portant Qualities
You inay obtain a Safe Deposit Rate of Native Interest Bax in this most up-to-date Vault for Chinese Sub. Coin POUT OWN DEB: at. z. very zaoderate Ran-
Hong Kong Sub Coin
Pl
Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
́Corner of Ten House Street, and- Des Voeux Road, Central.
THE
AMERICAN EXPRESS COMPANY,
INC.
Head Offices65, Broadway, New York
Kailan Mining Ad. 16/6 1. Langkats (Single) Shș14 n Shai Exploration Sh.$425 n. Shai Loans Sh$5% n Ranbs $5.15
Venz: Goldfeld $5 a.
Ikičku. etc.
HK and E. Wharves $81. Cum
32-13/16
KAOTA
.num.
„par. ..3% pz 80% dîs. pai.
HK and K Wharves ex
80
LONDON EXCHANGES
right
HK. and K. Wbarres right $2 HK and W. Docks $931⁄2 x. : Providents (old) 85 cts. n. Providents (new) 20 cis. x. Hongkew Sh. $240. mi New Engineering Sh. $4-a. Shai, Docks Sh. $90 n.
Cotton Mills
Ewo Cottons. Sh. $8 n. Shanghai Cotton (old) Sn. $664
Shanghai Cotton (new) $411⁄4 1. Zoang Sings Sh. $834 1.
Wing On Textiles, Sh. $550.
Lands, Hotels, etc.
H.K. Lands $234 b.
US TREASURY'S
SILVER PRICE TO
BE MAINTAINED
Morgenthau Answers His Many Critics
SENATE SILVER BLOC TO CONFER TO-DAY
Washington, To-day-
BERLIN STOCK MARKET
SHARE PRICES ON THE EBB
Ber
To-day.
**CNINA. MAJI.
The prices of sizes were dis-
MONETARY
AFFAIRS IN
THE FAR EAST
U.S. CO-OPERATION
WITH CHINA-
·POSSIBILITY OF ECONOMIC tinctly at the ebb yesterday... Little stock came on, to the market; ADVISERS BEING SENT but the demand was still smaller. Metallurgicals were weaker and
Washington. To-day. Mr. Henry Morgenthan, Secre electrics firmez. The business in The possibility of United States. tary to the Treasury, said in axed interest securities was very conference with the press that in restricted, but prices held up well cooperation in the survey of definite answer to Senator Mc-about half a point. Call money was fans has not been turned down by his opinion he had given a very old mortgage bands recovered, China's financial and monetary af-
Carran in reply to the latter's re-
ans-Ocean Ser-Mr. Cordell Hull, Secretary of
Fice.
quest for a statement on silver at 24 to 4. policy. The Senate silver bloc. however, are still dissatisfied, and have arranged to meet to day with a view to discussing further action
Mr. Morgenthau denied that there had been "any curtailment in foreign purchases, as might be in terpreted by the drop in foreign
He buying from April to May. said that the policy of the past few months had been governed solely by] = | supply, and demand-Beater.
NEW YORK STOCK
MARKET
Caution Recommended
RAILS AND INDUSTRIALS AT "NEW HIGH AVERAGES
State
Asked whether the United States would follow the lead of Britain and France and send economic observers to China, he replied that the State Depart ment might have given its at tention to the matter, but he eme phasised that no decision with regard to a definite move had yet.
been taken Reuter
A later message states that American co-operation in the sur
In there market report Messrs.vey of Chinese financial and mone A later message states that Mr.|| Morgenthau said that, the Trea-S E Lery and Company. corretary affairs, including the silver sury's silver price will be maintain Dondents for Mesara White Weld question, became a passibility when ed, despite the drop in the world, and Company. New York" state: Mr. Corden all said that the State Stocks: We think that the ad-Department might give the ques price.--Bexter.
rance to new high levels in all tien its attention The statement and industrial averages calls for was made in answer to a press en- GERMAN AGREEMENT
trading caution. Business done quiry as to whether the United |---360,000 shares. WITH HOLLAND
States might follow the lead of “Graïns:-The
market declined Great Britain and France in send-
Covering Transfer Of Payments
ALL EARLIER DIFFICULTIES SUCCESSFULLY OVERCOME
as liquidation continues. Shorting economic aftervers to China interest is believed to be unim Mr. Hall emphasised that while portant: Anticipation of hedge the matter was discussed informal- pressure, favourable crop newsly, no definite move had been made- and fears of insufficient storage and no decision had been reached. space, which is likely to force-Reuter cheap Canadian exports, are strengthening bearish sentiment- Total sales: Wheat:-28,252,000
bushels: Corn:-7,042.000 bushels
*CHINA MAR,“ SPECIAL
The Hague. To-day-
·Smart work was performed! "Cotton:-There is less pressure here when the delegates of Ger-jand some price firing is in evi- many and Holland, who had met dence. The rainfall in Texas is to arrange the new agreement undesirable.
Latest Quotations
BRITISH ALUMINIUM COMPANY
Uses Of The Metal In Industry
INTERESTING BROCHURES RECENTLY ISSUED
From time to time, Mess. The British Aluminium
as regards the transfer of pay- Rubber Dealers and London ments between the two countries, interests were the best buyers. We began the discussion in the morn-anticipate higher prices and re- ing and finished in the evening commend purchases of rubber now.. with the cbject in view achieved. Total sales:-194 lots
The lengthy deliberations held
"Flash:-Brokers' Loans during recently in Berlin proved abor-the past week are estimated at tive mainly because the Dutch) $864.000,000 delegates, on a question of prin- ciple. took exception to certain,
The following quotations have Lizzted, Adéla conditions demanded by Ger-been received by Reuter":
EC-4, issue, we Imany and refused to consider any
Prev. Io-day's tractively 30 compromise. After having had!
elosa els dealing win time for reflection both sides XL/London: made proposals for overcoming
11:48 NF Cotton July the difficulty.
1285 N.T. Rubber-July The formal signature of the Chicago Wheatly 80% new agreement will take place in Chicago Corn-July 80% the near future. — Trans-Ocean Montreal Silver-Dec. 7510 Service.
Silver Official
FK Lands- 1% Debentures COMMODITY PRICES 20
London, Yesterday..
75 3/18
(New York
4.945%
Montreal
4.954
Brussels
29.23
Geneva Amsterdam Milan
15.17
Berlin
7.31 60.1/16 12.27
HK. and S. Hotels $4.35
Vienna
26
Prague
Capital Surplus Reserves
Madrid
2,183,639.06
Athens
517 Sellers
Metropolitan Lands Sh. $10 *.
870,731.05
Shanghai
1/7 13/16
Humphreys $8 n
BRANCHES......
Hong Kong
2/434
HK: Realties 34.
Amatordnan
Other rates unchanged
Asia Realties “A”, Sh.
The Hagas
Silver Spot
35%
Asis Realties"
Havana
Priping
Silver Forward Warloan 3%
35%
105%
General
Bead Boosbay
Browse
Colter
Current and Saving Accounts opened
ind Fixed Deposits, received for onsi
at tatas whick
fear or shorter periods Ea
wil be quoted on applications
SOU CHANG
Manager.
HONG KONG BRANCH: 24, Des Voeux Road, Central Manager's - Offen-ziektek, 322565 Foreign Exchange Dept. w 23566
General- Offen.
Cashier'i. Once
33567 28565
YOKOHAMA, SPECIE BANK
LIMITED.
Established. 1880
Cantas Colombe Corporalangan
USL$6,000,000.00
Movie Quie
Kaninda
Branches of American Expreed Cons- pany in Principal citier of United States of Ameries and Canada.
All cases of Commercial Banking Fransactions, undertaken.
Personal Investment adenunta kandied.
118% 36 3/16
British Wireless Service.
NEW YORK STOCK EXCHANGE
Reuter Quotations
June 17 The following quotations were 29- ceived by Renter:-- N.T./London 494% 4937 49276 NY. Cotton
July -Oct- NY. Rubber
Joly
11.48 1145 11.43 1116 11.13 13.12
*12.85 12.80 12.93 12.98 12.92 12.92
80%
30
-80%
23/2
2324 24
Sept The Courplay offer to Inlanding. Whest July 20 Travelers the me of tag Ta
C. Corn July 30% W.Wheet July 81%
{Cheques" and Letters of Credit
by addition, the, world-wide.
Auttal (fully padd-up) Yen 100,000,000 orthorungbly equi
serve Fund
·Head Off
EW DUGGAN,
STOCKS:
Amer
Smelting 425
Elev: Bond & Sh. 61⁄2 General Motors 3114 Manager.jsze Tel & Tel ·8· 3
Loew's Ine 417% 41% Montgomery W. 264 26 NY Central 17 17
LLS Steel
THE WING ON BANK and Oil NJ 48%
LIMITED
{tion
Féens Road Central
Capital 812,000,000 LONDON-BANKEE
Westoriaster Band, Ità”
Exchange and every desc banking businesses
opened.
334
THE SHANGHAI COLL.
* "SAVINGS: +
100% ni
Shanghai Lands Sh 120% n.
Chinese Estates: 190 2. China Regles. Sh. $4 zr China Debentures $125 n
* Public Utilities HK Tramways. 134 Peak Trams (olej 37% Peak Trams (new) 45% Star Ferries $1,1 Yaumati Ferries, 19 C. Light $81⁄2 bar$8.65 HK. Electrics $519h4 $57 Macao Electrics $78% Sandakan Light 53 Telephones (old) * 20.30, Telephones (new)$ China Buses Sh.1-1. Singapore Traction 10/6- Singapore Pref. 22/5 b.
2. Industrials Malabon Sugar: $84 zaslans Caid: "Meeg (Ord), Sh. $191⁄2 D Cald: Macg. (Pre£), Sh$15 na Canton lees $180 -1-
cross-rate
$54.31
cently,
79
Dow Jones Averages
19:144
308 12
30 Industrials- 11714 11229 275 vý
22.4132.45-14 20 Utilities 20.65 **20:65 mmel 40 Bonds The following quotations have 11 Commodity been received by Beuter.
Index Business Done:
Pres. Yesterday Closing Closing
New York Coltoni--- July
October December
Jan. (1936) March
11.48 1147 11.16 1116 1118 11.21 11.20 11.23 J128 11:28 11:37 11.34 11.80 11.80
12.85 1281
--13:16
95.87 95.90^-103-up
56:40 55.92 48 ol 860,000 shares.
EMPIRE EXHIBITION FOR S. AFRICA
Strongly Supported By Government
An Empire Exhibition
will include
a comprehensive
May Spot
New York Bubber:-- July
September
12.98 -12.91
December
19.12
dustrial section, will be
January
13.23
13.20
Johannesburg
Märch
13.38
13.35
1936, to January, 1937..
|Chicago Wheat:
July
80%
79
September
8136
793
December
8334
81%
Chicago Corn:-
July
88%
79%
Septe
74%
Dece
60%
July
803
New York
Cements $54 n. Converted. HK Bopes 120122
3134
Storer ett
July
Dairy Farms $147, 1. Watson $84 8215 Lane Crawfords $231⁄2 Mackintosh 19 1 Sinceres $8 aas Wm. Powells, 70 chine Wing On (HK) $100-21-
|New York S3:
July
1357
184
Septe
182
73.55
$74.05
73.40 1334
etc., sport and aircraft.
6
Company,
Loodan
-aku-
icles
coachwork for passenger and alumínium in shipbuilding
The first brochure contains dat
weights, etc,
and strip and par heat treatments, and of
zuring, weldin
sold
cut boys Hats on the ng, cleaning and painting, of
rials are also included. In the brochure on coachwork are to be found numerous Interesting ples of the application of alawimiam and its alloys in the con
motor-omnibuses, trof-
con in ship
a selection of
the present
Dec. Jan: (1936)
The Exhibition has the approval
and strong financial support of Spanner M
the Goverment of the Union of A. Lyndsay, and M
South Africa, while the City of Johannesburg, which is to hold its juhilee celebrations at the same time, has given a guarantee equal to the Government grant.
MASS MARRIAGES
As the idea of mass-
An excellent gite has beer se cured in the grounds of the Wit in this country is chiefly to save watersrand Agricultural Societylerpenfiture, the authorities in
No. 1 No.3 No. 1 No. 3 which lie within five minutes Con Con Cam Con.[the centre of the City and are 2.42 240 243 241 vided with their own railwa 243 244 245 245 tion and sidings
2.54 247 254 248 It is intended that the Ind 2381 228 2380 237 buildings should cover 500,000 sq. 2.33 ft., possibly more, and be divided
2:30
between eight trade groups
ing heavy machinery and
132% and engineering, light ma
and - hardware,
chinery and acc
Nanking have found it expedbent
to avoid the costs of rent Falls purpose and have decided build a ball on a site nez the specially for
BERLIN QUOTATIONS
BANDITS, LOOT, TE PLES
Berlin,
Is It Insured?