BANKS
HONG KONG AND SHANGHAI - - BANKING CORPORATION
($50,000,000! Authorised Capital Issued and Fully Paid-up 20,000,000 Reserve Funds
Sterling 5,500,000
Silver
--- $0,000,000
Reserve Liability of Fro-
prietors
HEAD OFFICE HONG KONG.
DOLED OF DIRECTORS.
6 Dodwell. Enge
Chirrsen
C. Kaisha. Eng.
Deputy Chairman.
V. M. Greyburn Eng.
Chief Monserr
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1833.
HEAD OFFICE- LONDON
Bartok
Ipob
Karachi
Paid-up Capital
20,000,000
Reserve Fund...
$5,000,000 £$,000,000
Reserve Liabality of Pro-
vyrietors
£3,000,000
Agencies and Branches:
Sior Star
Dodo
Fangoon
Azscitane
Saigon Semarang ·
Fernban Ebanghai Kingapore
Douradate Thiping
Xanila
Domini Kaiphong
Bunke Herbs
Badan
*ongkah
Werk Fork
Paiping
(Paking)
Batons Bemb CaRatta
· Kasala
Cavapors Cedu
W. H. Bell, Esq. K. S. Morrison Esq, Canton
A. H. Compton Esq.
MT. Johnson, Esq. Calocado
Hon. Mr. J. J. Paterson,
G. Miskin, Esq. L. E. Pearce, Estabr
AMOT
BANGKOK KAJANGAS BOXHLY
CALCUTTA
CANTOS
CHEFDO COLOMEO DAIKEN
FOOD HOW
HANNONG HANDURG HANKOW
HARRY
HOXXEW
10:10
ТРОН
JOHORE
XOBE
201200
BRANCHES
LONDON LTOKS
MALACCA
MANILA
NTAR Liodney)
MUNDEN
NEW YORK
PELPING
ZENANG
BANGOOX
SAIGON
SAN FRANCISCO
KEALA LUMPUR
SHANGHAT
SINGAPORE
SOURABATA SUNGE PATANI
TENSK
ΤΑΚΤΟ
SINGTAO
YOKOHAMA
Oermot Arreants opened in Local Currency and Find Depraite werived for one year or shorter pride in Loral Company and Surling asm which will be quoted on application
Hong Kong 6th April, 1935.
HONG KONG SAVINGS BANK
The Bunder of the abome Bani is conduct ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Buien my be coot application
KONG AND SHANGHAI FOR THE BANKING OSEPORATION
V. M. GRAYBTEN,
Chief Manager.
Lampar Kuching
Pruang
(Baker)
Twingtao Tokohama. Zamboanga Foreign Exchange and General Banking besin Current Accounts opened and Fixed Deport reserved for one year or shorter perioda atates which' w22 be quoted on application. -
A. BREARLEY,
Manager Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
T
Established 1912. Head Office: Hong Kong.
Authorised Capital
Paid-up Capital
Total Resources.
ommerce and
Finance
LOCAL DOLLAR DECLINES
Silver Prices Fall
a
The local dollar dropped farthing. opening on demand this morning at 2/1
Both spot and forward silver de- clined to 30-5/16 and 30%, res- pectively."
The London on New York cross- rate was quoted at £-U.S.$4961⁄4, as compared with S-US$495, while the New York on Lon)
quoted at don cross-rate
- US$4.96%, as compared with
US$4.95%.
WAS
EXCHANGES
TO-DAY'S QUOTATION
On London
On Japan
Branches: Canton, Toishan, Shanghai On Singapore Hankow, Bangkok & San Francisco. London Bankers: Hayds Bank, Ltd,
Foreign Exchange and Banking business of every description wans- acted
Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application
Safe Deposit Boxes (various sizes) for hire
LOOK POONG SHAN,
Chief Managér
On India
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banish- H.K. Rank $1015 b. $1015,1050
HLA Bank (London) £112 n. Chartered Bank £15% n. Mercantile Bank A. and B
$3134-22
Mercantile Bank C. 53% 1 Bank of East-Asia $7621⁄2 ¤ -Insurances
Canton Ins. $208 1. Union Ins $570 bj $375 sa- China Underwriters 40 cts. 3- China Fire Ins. $382 n. EX Fire Ins. $200 x. International Assee. $4 n.
Shipping
Douglases $36 n.
HK Steamboats $4 n. Indo-Chines (Pref), $30 1. Indo-Chinas (Def.), $12 n.. Shell. (Bearer) $70/71⁄2 1. Umon Waterboats $13/n.
Mining
On TT and demand
2/1
"4 months' sight
2/18
$11,000,000
8,555,00 32170,492
Credits 4 months' sight 2/233
On Shanghai--
On demand
192
Antamaks 20 cts. 2.
Balatoes $18 1.
On demand
8934
Baguio Gald 23. chs. I
On demand
Benguet Consolidated 12
cts.
173
The
On TT. and demand
137
Benguet Exploration 10 cts. The Benguet Goldfeld 10 cts n
On New York-
Big Wedre 8 cts. n.
On demand
51%
Gold Creek 30 cts. a.
Credits 60 days" sight
53
Gold River 5 eta, a
On Batavia-
Ipo Mining 90 ets. n.
On demand
754
Itogons 36 cts. II.
On Paris-
Salacots 12 cts. z..
On demand
780
Kailan Mining Ad-14/6 m
Credits 4 months" sight
8:25
Langkats (Single) Sh..$14 2.
To Safeguard Your Valuables. and Jewelleries.
On Saigon
On demand
S'hai Exploration Sh. $4% 2.
S'hai Loans Sh $54 2
On Manila
Astoried Capital
$20,000,000.00 |
Paid-up Capital
On demand
10374
Ver, Goldfield $2.30
On demand
39
Sovereigns bank buying rate 2/17%
30 3/16
дот.
nom
.par.
3214
3% pa
dis.
par.
Hong Kong 2th Febrer, 105.
THE BANK OF EAST ASIA, LTD.
Ersect and Ladición! Profit$2,480,000.00
20. Das Taus on ntial.
HEAD OFFICE --HONG KONG.;
»
BOARD OF DEILE: "TORS 16
Sir Shou-won Chou, China.
SAFETY FIRST!
Deposit them in a Vault
that is really.
FIRE-PROOF
BURGLAR-PROOF
DAMP - PROOF!
OUR SAFE DEPOSIT VAULT
Li Leon. Chez. Ease F. I have Eng. Tas located on the Mezzanine Floor
Tu Tong Bag Chun Chung Smk Exq.. Li Lan Our New building is Specially Con-
On Bangkok--
Bar silver per oz. Bar silver in Hong Kong
Salt. Eeq., Wong Chu da, eg, and Kan Yinstructed to provide all of these, Im-Copper cash
Pa. Eng.
Bantin
End Tone To. Esq. Chief Manager.
Li Zhe Ford. For leg
BRANCHES AND AGENCIES :-
Smi
Copper cents. portant Qualities.
You may
obtain a Safe Deposit Rate of native interest Box in this most up-to-date Vault for Chinese Sub Coin Jour own use at a very moderate Ben-Hong Kong sub, coin
Inspection Cordially Invited.
& SAVINGS BANK, LTD.
Aurore
Startu Setuntma
2/1
Bombay Calcatta Cantw
Kagiti
Shangbai
New York
Singapore
THE NATIONAL COMMERCIAL
Soutranya
Heptanc
Paris
Seato
Taiping
Madur
Horoitziu
Tramad
Kobe Kowloon Loudon
Rangnon
Tokyo
ton Francisco
Toster Τελεσίματος
Fabou
Trestinin
Every description of Banking and Exchang
Corner of Ice Horse Street and Des Voeux Road, Central
THE
NEW YORK STOCK
EXCHANGE
Latest Quotations
July, 12
bonismen transacted. Loans granted on approved AMERICAN EXPRESS COMPANY, The following quotations were re-
WELTİLLER
Current Accorte opened in "Local Camrency and Fixed Deposite received for onM · MARY shorter perioda iz Local and Foreign Currencies ,00. sérinn which will be quoted on applicetud
Safe Depot Been To Let
KAY TONG PO."
INC.
Head Office:-65, Broadway, New York
Caiet Kasarme..
Capital
Surplus
Reserves
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China)
Head Office...Shanghai
Capital $7,500,000.00.
Ecserve
Branches
Forei
Bonide aguacted.
$1,500,000.00
-U.S.$6,000,000.00- 2,183,633.06 870.231.05
BRANCHES:----
IsTatia Hamburg Howe
Amsterdam Antwerp Jame
Groe
Glo
B
Davie
Bumbay
Everwa
Firower is Cairo
London
Calcula
Banking
Та
Colombo
..All Important Cities
in China
Exchange and
Gederal
Current: and Sewing Amoutte operand and Pizond Depozitu muited for our year or shorter produ
si vates which will be grated on application
SOG 2. CHAM,
* HONG KONG BRANCH:
th. Die Famit Bond, Corral
Manent's Offic«
Foreign Exchange Dept.
General Offer
Canbier's Office
Manag
Tel Fr
-7360
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Copenhagen Dublin Edishevel Furrace Genera
Heidrilers Tournie
Liverpool
Lugano
Marseilles Monte Carlo Manila
Kasich Montreux
of
"
Sapire
Pracu Pars Paiping Perno Locherdara
Shanghai Somaybem
SingADOWS Tiradaim Taormina Tunne Venice Tokohama Zawich
C. Wheat
22.49
Raubs $5 sa.
Docks, etc.
On the occasion of the International Riding Tournament at Aachen, the German team took the "Hindenbury Cup" back from Italy to Germany. From left to right are Kittmeister Freiherr Ton. Nagel, Hauptmann Schunke, Rittmeister Hesse, Hauptmann Gross- kreat
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE Undersigned have received-
Lambert, Esq. to sell by Public Anction on-
Tamsusactions from G. D.
Friday, the 19th July, 1935 commencing st.10.30 am.
at Na S. Gascoigne Road, Kow
loon
A Quantity of VALUABLE HOUSEHOLD
·FURNITURE
On view from Thursday, [18th July, 1935.
the
Terms: Cash on Delivery
JAMMERT BROS,
Auctioneers.
Hong Kong, 16th July, 1935.
IMPORTANCE
GOLD CLAUSE IN AMERICA OF ADVERTISING
GOVERNMENT CREDIT AND
PROPOSED BILL
Washington. To-day-
IN DEPRESSION
(Continued from Page 9.) Money Thrown Away "You have met this morning
218
Defending the proposed bill for blocking damage suits members of this firm who arising out of the abrogation of the gold clause. Mr. Herry A. each in their own line experts in Morgenthan, Secretary of the Treasury, sent a letter to Sena-carrying out the purpose for tor Duncan U. Fletcher, chairman of the Senate Banking which the A.P.B. exists. Committee, stating that he could not see how the proposed bill-You will, we feel sure, realise could have any noticeable effect on the Government's credit, or that no one import ärm with the prices of Government bonds.
He said that there had been'nof. weakness in the Government bond
their comparatively small volume of imports could possibly carry their own staff of experts to look after their advertising — and yet
market since the proposed bill, and NEW YORK STOCK without that expert knowledge of
moreover, there was no implication
of intent not to pay the principal and interest of Government bonds in fall-Beuter.
PAPER-MAKING IN KWANGTUNG
H.K. and Wharves (new) Factory Approaching
5742 The
HK and K Wharves (old).
$772
HK. and W. Docks $61⁄21⁄2 2. Providents (old) 85 cts: n Providents (new). 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4 m. S'hai Docks Sh. $80 n.
Cotton Mill's
Ewo Cottons Sh. $7 - Shanghai Cotton
$65 n.
(old)
Shanghai Cotton (new) 340 Zoong Sings Sh. $81⁄2
Wing On Textiles, Sh.$28 n. Lands, Hotels, etc.
HK and S. Hotels $4 - HE. Lands $34 n.
Completion
·EXPECTED TO START WORK EARLY NEXT YEAR
MARKET
Market Again Irregular
CURRENT. BUSINESS GIVES NO INCENTIVE
where and how to sell, money thrown spent on: advertising is (away.
Host of you present here tom day probably read a speech at a local company's meeting very re cently, presided over by one of the leaders in, business of Hong recall these - re- Kong. May, 1. marks on this occasion: The
a their market report Messrs. Colony is getting it in the neck She SE Levy and Company, corres from almost every quarter. Dondents for Messrs. White Weld is too small to hit back and in and Company, New York, state: consequence her citizens and ber "Stocks: To-day's market was industries are passing through
With the again irregular
ex very critical times times in- ception rails, Dow Jones" deed in which I feel that we Canton, To-day averages were dota. The market should all stand together." Work on the building of the derived no incentive from exrent Helping General Recovery Provincial Paper Factory at Nan-business or political developments. shek-tow is fast proceeding. The Business done: 950,000 shares. whole plant is expected to be com Sh-pleted at the end of this year.
HK Lands 4% Debentures
100%
Shanghai Lands Sh. $201⁄2 n Metropolitan Lands Sh $10 1. Humphreys $34. 1.
ceived by Renter-
-
NY./Londos 496 NY. Cortan
Oct 311.65 NY. Rubber
Dec.
Last close 10.20 11.00
July 16.
4.964 £95%%%
11.69 11.71
12.61
12.60
84
75
Dec.
62
62:4
STOCKS
China Debentures $128 n
Pablic Utilities
Amer Smelting 43%
4974
Coz. Gas N.. *%
25%
Elec Bond &
8
8
362
30%
9%
Sept
Dec.
80
TIES.
C. Corn Sept. 74
Share
General Motors 36
Int Tel & Te! Loew's Inc Montgomery-
Ward
56
42%
42
29
NY Central
小
Standard 01
XJ.
484
48
261
48% 37%
Branches American Express Company in Principal cities of Uniteds. Steel States of America and Canada,
All dasses of Commercial Banking Transactions undertaken.
Personal handled.
investment
accounts
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services Reserve Fund Yen. 125,800,000 of its thoroughly equipped: Izzivel
Head Office
Branches and
andria
Batavia
Berlim
abay
Canton
Dairer (Dany) Tengtsen (Makden) Hamburg Hankows
Nagasaki
Nagoya
New York Osaka
Paris
Rangoon Rio de Janeiro San Francisca
Seattle M
Department
E W. DUGGAN,
Manager"
THE WING ON BANK
LIMITED.
Head Office Hong Kong #6, Des Voeux Boad Central:27: Authorised Capital $10,000,000 LONDON BANKERS.. Westminster Band, Liik Forgion "Echange, and even cription, of banking boghness Ingvesn
urrent Accounts givi
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital paid up. $5,000,000,
Beserves
$77,200,000 Capital Saving's Dept. $500,000. Beserve Savings. Dept. $600,000... Head-Office-Shanghai
A Bank having as ita zniesion the industrial development a China and the fostering of her Commercial relations abroada Hong Kong Office
7, Ice House St. Phone: 31453-2-3-
Is It Insured?
H.E. Realties $4 n. Chinese. Estates $88 Ex. div. China Realties
HK Tramways $1315 n. Peak Trams (old) $T. Peak Trams (new) $5% Star Ferries $76.b. Yaumati Ferries $17 m
C. Light $83⁄4 n HK. Electric $59 3. Macao Electrics $221⁄2 1 Sandakan Light $34 s. Telephones (old) $213% n Telephones (new) $8.30 n. China Buses Sh. 4114 Singapore Traction 10/6 b. Singapore Pref. 22/6 b.
Industrials
"To this quotation I would link one more from Sir John. Fy-" "Grains; Conditions remain un-bus speech already referred to: - "Those industries and those changed. The strength of cash
individuals who have adapted themselves to the
Part of the machinery ordered grains was a sustaining factor. in Sweden has arrived and the rest We believe that, until crop yields will probably arrive here at the are definitely known, purchases on Total advisable. end of next month. It is expected declines that operation will be started some sales: Wheat: 24:790,000 bushels.
Cora: 3410,000 bushels, time in January next.
are
"Cotton: There were some heavyj It has been decided that for wood will be used as raw material. The rains in the Eastern, Belt, which Reconstruction: Department has fare favourable, but will prove de
trimental if ther ordered various county govern mente to plant as many as possi-Trading was
ble of this kind of tree for future price-fixing in use Central Press.
continue.
some
new technie not que of salesmanship are: only establishing their own success on a firm basis, but are also helping along the road to general recovery.
"The public is learning to trast advertising and the pu- blic should know that adver- tising men are striving to de- serve that trust”
small with
nearby cotton.
"In conclusion, gentlemen, we Liverpool was reported to be sell-
would like you to carry away the ing distant months.
"Commodities: We reiterate the thought that we are here to co- COMMODITY PRICES recent bullish news regarding rub operate with every firm in Hong
ber, cocoa and copper.
The following quotations have been received by Reuter.
Prev. Yesterday Closing Closing
11.99 .. 12.03 11.70 1165
Kong or abroad who has goods "Flash: Steel Mill activity dur-to sell in South China or Malaya. ing the past week is estimated at We wish to co-operate and we 399 per cent. of capacity, against hope that you on your side, will 35.3 per cent, the previous week allow us to do so. We feel shre from-our past experience, where' Latest Quotations
we have worked in close co-oper The following quotations werelation with manufacturers abroad received by Renter:-
and their local agents, that we Pre. To-day's can fill a very definite niche in
close close
the organisation of importers 495 here and if these past experien-. 196 1165 1170 fces are anything to go, by, we are 1227
sure that this co-operation will result in increased sales for your imports."
25%
Montreal Silver D. 70.00 69.25
New York Cotton:—~: July
October
December
11.64
11.67
January (1936)- 11631
11.65
March
11.64.
11.63
NYLondon
May
11.69
11.71
Cross-Base
*Spot
12.35
12.40
NY Cotton Oct
NY. Rubber Sept
New York Rubber:-" July
Chicago Wheat Sen S01
1218
12:28
Chiengo Corn Sept. 74%
September December
12.272
12:28
12.49
12.59
Silver Oficial
12.57
12.64
W
March
12.69
12.83
120 Baits
Cald: Marg, (Prefs), Sh. $13 n. Chicago Wheat: Canton Ices $180 D.
120 Titildies
Cements $5% B
July September |December
179%
82
96:58.
80%
827/8
Commodity
8234 84%
Inder
55.07.
Corn
$16.10 July
82 7475
82% 75%%
Malabon Sugar $81⁄2 1-
Cald: Macg (Ord), Sh. $191⁄2 January
ILK Ropes
Stores, etc
Dairy Farms $15.80
Watson 23% 1
Lane, Crawford $3 n.
Mackintosh $2
Sinceres 35.80
Wm. Powells, 70 cia n.
Wing On (HK) $70 —
Miscellaneous:
My
HK Aninsements $1.35 FLE Entertainments $4
S. C. Euterprises, $185 m
Macao Gr Construct
802
80%
Dow Jones Averages
Industrials 121.88 121.72 16 of RAW RUBBER PRICES
40 Bords
of
Business Done:-350,000, saares.
Latest Quotations From Singapore
Vessrs. H. 3. Joseph & Co. have received the following Straits
FARMERS BANKS IN Crency quotations from Singa
SOUTH WEST
No.3 No. 1 No. 3 Widespread Schemes
Con Cons
-2.36m 235¤
ZAT 224 2.20÷2105
+212
Now In Hand
pore for Raw Rubber
Spot 20 Ups by 204 July-September 20 Up
204&
October-December 2158 Up
January-Maret (1936) 22 Up