ADVANCES
CHIRA MATE
WEDNESDAY, JULY
NEW YORK STOCK
MA
ommerce and Finance
BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital
THE CHARTERED BARTCOK INDIA, AUSTRALIA & CHINA
Issued and Fally Paid-up 20,000,000; Incorporated by Bayal Charter, 1953.
Reserve Funday-- P
Sterling. € 6,500,000
Silver
$0,000,000
Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON
LOCAL DOLLAR
Capital
20.000.000
,000
erre. Liability of Pro- prietors
Forward Silver Down
Agencies and "Branches:
angoon
HEAD-OFFICE RONG 'KONE
BOARD OF INEECTORS.
S.. H. Dadwall, Eng.
- Christenth
CC Inight, Eng
Deputy Chairman.
T. X. Gephen, Faq
Chic Xanger.
W. H. Bell, Esq. E. S. Morrison E
A. H. Compton Esq...
Batavia
Bonb
Canion
Cub
Zamper Kathink
Monda
Suguporn Sidewan
Taiping
M. T. Johnson, Dury, Colombo
Hon. Mr. J. I. Paterson,
Haiphous
G. Miskin, Esq. T. E Pearce, Ha
*BRANCHEN
AMOT
BANGKOK BATAVIA
LONDOX ZTONS MALACCA
BOMBAY
CALCUTTA
CANTON CHENDO COLOMBO
DAIRES POOCHOW HAIPHONG HAMBURG HANKOW HARBIN HONGKEW
ILOILO
1903
JOHORE.
FORE
TOWLOON
MANILA
MUAR (Jhorn)
MURDEN
- NEW YORK..
PEITING
PEXAND BANGOON
SAIGON
SAN FRANCISCH
KUALA LUMPUR
SHANGHAI
SINGAPORE SOCRABATA
-SUNGE PATANT
THENTNIN TOSU
TOKOHAMA
Current Arecente opened in Local Correary and Find Deposita zeceived for one year or smarter perioda Zoral Currency and Sheeting
msn which will be enotel en application.
Hong Kong, 6th April, 1935.
Boer Hose
New York
Priping
diving
: PRADE
Thingto Tophanem
Zagsbeezga
SHARE MARKET
TAX ON SILVER TRANSACTIONS
BILL FOR REPEAT IN
US
ENTS
CURREN
SS CIVES
M-CARRAN CÂLES MEETI
silver" transact
Stock Exchange Ofici
sport. Mer Summary issue at 12:30 pm, to-
eva, and Company, Colier (D Renoch day
pondents for Messi, White Weld repealing The market was devoid of in- and Company, New York šta The local dollar advanced a terest in today's short session. "Stocks Stocks to-day ere Carran's req farthing, opening on demand this rates remaining practically unal- rather irregular, the Court referred to the morning at 2/14
bered with only small sales at decision regarding the Agricul mittee of the Senate. Spot silver was steady at 30-3/16 quotation Banks are enqu tural “Adjustment Administration He hopes that it wil but forward declined 1/16 to for at $1025.
jhad no particular effect on securi- more ||30-6/16/29/1
Hong Kong Banks $1020
The London on New York cross- cate was quoted at US$4.95TL. as compared with £ US$49676. while the New York on Lou don. cross-rate was quoted at Current Accouch opened and hunt. Depouse £ US$49534, as compared with read for one year or shorter periode « min £LUS.$4.3639-
A BREARLEY,
Forsien Ezodange sød General Making duinen
| which `will be quoted, on application.
Manager.
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
· Head Office:---Hong Kong.
Authorised Capital ....: $11,000,000
Paid-up Capital ........
Total Besources
EXCHANGES
Branches: Canton, Toishan, Shanghai | On Shanghai Hazkow, Bangkok & San Francisco.
London Bankers: Lloyds Bank, Ltd.
Foreign Exchange and Banking On Singapore business of every description trans--- On demand
On Japan
HONG KONG SAVINGS BANK” acted.
The Batem of the above Bank is conduct
ed by the BONG KONG AND SHANGHAT-
BANKING CORPORATION. Eaves may be. objord on application.
FOR THE HONG KONG "AND SHANGHAI BANKING CORPORATION,
E. H. GRAFALEN,
Chief Manage.
Elco Xong. February, 185
THE BANK OF EAST ASIA, LTD.
Audiowide Capital
Tred-up Capita
$76.000,00,00
Bover and Codrided Produ$280.006.00-
HEAD OFFICE HONG KONG
Den Terus Road Centenć.
BOARD OF DIRECTORS:-
Bir Shen-nom Cher, Chairman.
Li Low Chan. Eg, P. 5. Kwok Bay Wong
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 KHAN,
Chief Manage
SAFETY FIRST !
To Safeguard Your Valuables and Jewelleries.
Deposit them in Vault
that is really. FIRE-PROOF
Underwriters 40 ̋ets. s.
·Antamoks, 72 cts. b.
Benguet Exploration. 10 els h Rands $6 b
Hotels $3.80 sya.
ties. No incentive can be derived there than from from current business and politi-fing Committee, cal developments. Business done: sures are already $900,000 shares.
[Continued on Page 77
Latest Quotations
The following quotations were
Hong Kong Trams $13 s. and za received by. Benter:- Star Ferries: $75. b.-g
Sandakan Light $3% a:
Singapore. Tractions 10/6 be
Singapore Tractions (Pref.)
22/6.3
Cements $54
Dairy Farms $16.70 &
Constructions (New):70 cbs. ́s.
XXLondon
Cross-Rate
NY Cotton On
Y. Bubber Sept Chicago Wheat Supt
| Chiengo Coen Sept.
Prev. To-day's
elose Pelose
Dow Jones Averages
Conta
receive
*CARKAN VOICES GRIEVANCES,
A later message states that Senator McCarran called a meet- ing of a dozen silver Senators at which he voiced grievances against the silver policies of the administration and discussed gen „364% erally the new legislation forma more direct mandate to the ad- munistration to continue its silver purchases until a price of $129 an ounce was reached.
69.50
67%
39:20%
20 Rails
53.63 22.06 20 Utilities 140 Bends (96.35" 96.96
11 Commodity
Index 55.07 5468 69 off Business Dones-300,000 shares,
The meeting also discussed specifically the re-framing of Mr. McCarran's amendments for a permissive zilver purchase act and referring them to the "Ap. culture. Committee of the Senate, where they are assured of an in- mediate favourable repot-
The amendments which have
The following is the Hat of local COMMODITY PRICES in the hands of the Banking
The following quotations have been received by Reniter.
Prev. Yesterday Closing Closing
12.03 11.93 11.70:11.58.
1167 11.55 11.52
TO-DAY'S QUOTATION
On London-
Watsons $3.35 «
Montreal Sver Dec. Shrez Official
On T.T. and demand.
2/11/4
8,655,000
4 months sight.
2/1%%%
Credits 4 months”. sight: ..2/2
Govt. 4 per cent. Lorn 6 per cent:
prem. b
30 Industrimis 192.72
On demand
133
Gort. 34 per cent. Loan 1% per
cents. prem. b
904
TO-DAY'S QUOTATIONS
On demand On India
17834
share quotations issued to-day:
On.T.T. and demand
13914
* Banks
On New York--
On derrand
52
Credits 60 days" sight
544
|
On Batavia—
On demand
76
HE. Bank $1020 h.-$1040 s H.K. Bank (London) £11134 n. Chartered Bank £18 n. Mercantile Bank A. and -$31
On Paris-
On demana
Credit 4 months' sight
732
Mercantile Bank C. £132 Bank of East Asia $761⁄2 m
Insurances
New York Cotton July
October
December
On Saigon
Canton Ans: $203 1.:
January (1936)" "11.65"--
March
On demand
78
Union Ins. $370 x
May
On Manila
China Underwriters 40.
Spot
·1163:1153 11719 1240
11.58
On demand
10414
China Fire Ins. $382 m.
New York Babber:-
On Bangkok
On demand.
88%
HK Fire Inà. $200 n. International Assce. $4 n.
July
12.28
$12.043
September
12:38
12-15
December
12.59
12:36
January
1264
$12.88"
12.58
Chicago Wheat;
8Z
September
December
$43%
Chicago Corn:
July
8278
84
Bagulo Gold-23 cts. 1.
September December
75%
6256
64
RAW RUBBER PRICES Benguet Consolidated $124 Winaiper Wheat:
Benguet Exploration 10 cts. b. Benguet Goldfeld 10 cts n
July
80.
August
Big Wedge & cts. n.
New York Sugars July Sept. Dec
BURGLAR - PROOF
- DAMP - PROOF?- OUR SAFE DEPOSIT VAULT
located on the Mezzanine Floor of
Ten Tong Em Chan Ching Shek. En I Our New building is Specially Con-Sovereigns bank buying rate 2/21⁄2
Fabr. Eng. Wong Chu. Son, Eng., and Ben TE TO. FAR.
4
Fan Tong To Eaque Orin! Manager.
Li The Fong. Eq...Mazer..
DZANCIEES AND AGENCIES:-
Manila
Amoy
Bateria Bombay Calcutta
Melbour
New York
Settin Semaran Shanghai Singapore Sourabaya „Smalow
Conica Haiphong
Chaka -
Parin Peiping
Languna
Hankow
Bes
Koin Soulces Laudon
Taigon
Ewa Francisco
Taitoko
-Tokyo TABODY Telcobama
·Enery deuoription' at Banking and Exchange | business transacted Loans granted an approved) scurities.
Current Account opened in Local Cureory and Fited Deposite mocnémed for one your or shorter periods in Loen! and Foreign Currencies an or which will be quoted ex applicatia, 27.
Safe Deposit Boxes To Lethe
KAS TONG PO.
THE CHINA & SOUTH SEA BANK,
30-3/16
HOM
PEL. 3% pa 324% dis par
structed" te provide all of these Im-Bar silver per az portant Qualities.
Bar silver in Hong Kong You may obtain a Safe Deposit Copper cash Box in this most up-to-date Vault for your own use at a very moderate Ren- Copper cents
[Rate of native interest tal
Chinese Sub-Coin Hong Kong sub. coin.
;
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
Corner of lee House Street and Des Voeux Road, Central
THE
AMERICAN EXPRESS COMPANY Latest Quotations From
INC.
Head Offices-65, Broadway, New York
„U.S.$6,000,000.00 –
2,183,533.06 270,731:05
BRANCHES
Genos
Cxist Xanager.
Capital Surplus Reserves
LIMITED
Lemsterősen
Astmary
Glasgow
(Incorporated in China)
Atheos
The Hague
Aameen.
Hovens
Head Office:
Shanghai
Baste
Capital
Berlin
Bombay
Reserve
-$1,500,000.00
Branches
All Important Cities
Brumela
Cale
in Chine
Calcatta
Fordgu. Exchanaw
Vid
Cel
London -- Liverpool
Cannes
Colombo
Boston transacted. •
$7,500,000.00
Banking
Current and Saving Accounte opened and Fixed Disposite received for one year or shorter perioda
O which will do O CHANG
da application
Kategor
HONG KONG BRANCH:
36. Des Voeur Road, Central,
Manager's Of
Foreign Ercheage Dept. and
Geral Of
Coulburʼa': Oltion.
:
83509
Copenhagen Dublin Edinburgh Ficesnow Gerva
Batubary Harte Heidelber Interlaken Termalem
Naples
Pirm Pari Palping Pharmo Bottardan
Shanhai
fingapres
Teori pe
Konta Caro Mama Munica
Zurich
Branches of American Express Company in Principal eitles of United States of America and Cazada po
All classes of Commercial Banking Transactions undertaken.
THE YOKOHAMA SPECIE BANK Personal
LIMITED.
Established 1880
handled.
investment.
Singapore
Messrs. H. B. Joseph & Co. have received the following Straits Cur- frency quotations from Singapore
for Raw Babber:
Spot: 19% down % by 19% - July-September 20 down 2 ba
20% s-
-December
Oct-December 20% down % b
21
Jan-March 21% down% b., 11%
Market: Slightly Easier *
THE MERCANTILE BANK OF-
INDIA, LTD.
3,000.00
HEAD OFFICE: -15-Gracechurch Stewt, Tandon, ECS Authorised Capital Subscribed Capital Paid-up Capital Reserve Fund & Rest
BAKKERS
The Bank of England 2. Midland Book, Lič
BRANCHES
Bomber
The Company offers to Inbending Salesia Travellers the use of its travellers Cheques" and Letters of Credit and, Gua
Capital (frul paid-up) Yen. 100,000,000 in addition, the world-wide services Hong Kong Reserve Fand Yen 125,800,000 of it thoroughly equipped Travel
Head Office:.-YOKOHAMA
Branches and Agencies at?”
Batavia
Berlin Bomber
York
Jeneiro
E. W. DUGGAN,
Manager.
THE WING ON BANK LIMITED:
Head Ofices Hong Kong 26, Des Toen Road Central Authorized Capital $10,000,000 ~
LONDON BANKER-SS *Westuzizster Bendig Ltd M
tion of banking,
Kata Bharu
• HONG KONG BRANCH
* Every.... dasciptions of Beating Bodmer transacted."
•Tranešimo Chaquoi lestað..
Shipping
Douglases $36 m HK. Steamboats $4 ng Indo-Chinas (Pref), $30 n. Indo-Chinas (De£), $12 a. Shell Beaver) $11/31/ Union Waterbosts $115 nă
Minlog Antamoks 72 ctx. 1: Balatoes $18 n
Gold Creek 38 eta z
Gold River 5 cis, n-
Ipo Mining 90 ets, z.
Itogons 35 cts, ni
Salacots 12 ct f Kailan Mining Ad. 14/8 n.
March
July
Any dona
for the
rds the funds
of these poor
children at schools will be much appreciated.
REICH COMMERCIAL STATISTICS
Imports And Exports Exactly Balance
FOREIGN TRADE CONTINUES FO SHRINK DURING JUNE
CHINA-MARE
gas 3 Berlin; To-day.
uth of June the parts of the Reich lith is shown br byurts published "yes
Jay 1985 the exports the
aportac by: 4,000,000" Anchma1934 the ded the exports: by (000,000 Inarkay so that as far „Germany's “balance of pa
concerned
tion for the Juse 25-materially improved in
effable feature of the
Committee of the Senate. for weeks, would repeal the 50 per (cent tax on silver trading-pro-
fits as well as the nationalisation statistics, just published is that of silver and the right of the Se they show that foreign trade as a cretary of the Treasury to probi whole continues to shrink, the bit trading in the metal-Renter-imports In June 1935 ́ ́ only amounting to $1,000,000 marka
BRITISH TREASURY against 33,000,000 marks in June
RETURNS Expenditure Rises, Revenue Falls
INCREASE. FROM CUSTOMS AND EXCISE
| 1934, while the exporta in June |1935 also a decreased. Trans-
Ocer Service":
RETAIL PRICES IN BRITAIN
Dondon, To-day. — At July 1 the average level of retail prices, compiled frout the Ministry of La- Exchequer retards show that bour statistics, was approximate Britain's total ordinary revenue by 43 per cent. above the level of to date, excluding self-balancing July, 1914, as compared with items, amounts to 2154,731;013 per cent one month earlier, and compared with £155,212311 at 41 per cent, et July 1, 1934 Brt
tish: Wireless Service. the corresponding date of fyear.
The - two - Li-year-old students
Revenue from Customs and Ex- cise is greater by $354,900 than Kwok Manhmg and Lai, Yui- 30
for the same period of last year wai, who were charged yester 80%
and is only £500,000 short of the day with crossing on the Star No. 1 No.3 No.1 No estimated increase for the whole Ferry without paying their fare,
Con. Con Cos Concurrent year of $4,224,000.
were this morning- brought be
80%%%
2.36n 2.350 232 22 242 2.39 2:35 2.33 22474 234 240 2:29
The total ordinary expenditure, fore Mr. E L Wynne Jones at exclusive of self-balancing items, the Kowloon Magistracy, on “re- for the current year to date is mod and were each bound over
in a. mm of $50, to come~t: 15213,624,209, against 2207111-
thin a period months. The parents of boys were in court and the bonds.
335 at the corresponding date of judgment 22.12
Langkats (Single) Sh. 114 n 1535220210 2150 2.06
Shal Exploration Sh $435. Shai Loans Shi #5% ». Raubs $6 ha
206
New York SITE:-
136
136
(September
136
1.86
Venzy Goldfeld: $22.30 m. SA Docks, etc HK and K Wharves
December
136
Montreal Silver
(new)
July
September December
68.00
68.20
68.10
63.25
69.75
69.50
69.400 £9.50m
REICHSMARK QUOTATIONS
HK and K. Wharver (old)
$771
HK. and W. Docks $631⁄2 1. Providents (ald) 85 eta. n. -Providents (new) 20 cts, nË
Bong Kew St $240 1... New Engineering Sh. $4 n. S'hal Docks Sh. $80 m.
Cotton MiLİS
Ewo Cottons Sha 17 10 Shanghai Cotton (old) - Sh
-$65-n.
Shanghai Cotton (new) 380 m. Zoong Sings. Sh> $81⁄2 x Wing On Textiles, Sh.223 n. Lands, Hotels, ele
HK and S. Hotels $3.80-82.
EK Lands 134
HK Lands 4%
100%
Shanghai Lands Sh.
Metropolitan Lands Sh Humphreys
Fited Depodés; at Bates the
Chin
SHANGHAI
SAVINGS BAI
Berlin To-day. Reich quotation (without gux New York 4045; 609; isterium, 5919; and
The París sterling is 74.75% and the "dof
*** Trans-Ocean Ser-
32 $19
1934-British Wireless Service
BERLIN STOCK MARKET
Prices Soar Most Unexpectedly
CHINA MAR.
gone
Everything
BUT YOUR
SAVINGS
KENT
FOOD
CLOTHING
HEAT
Is It Insured?
SAVINGS