BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
..*$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Issued and Faily Paid-up 20,000,000 Incorporated by Royal Charter, 1853.
Reserve Liability of Pro-
prietors
HEAD OFFICE HONG KONG,
DOARD OF DIRECTORS.
Reserve Funds:—
Sterling Silver
£6,500,000 $0,000,000
HEAD OFFICE: LONDON
| Paid-up Capital 20,000,000 Reserve Find
Reserve Liability of Pro-
prietors
£3,000,000 £3,000,000
$3,090,000
Arencies and Branches:
Alor Sta
Thaila
Bangoon
Ameitar
Saigon
Kamchi
Semaran
Bathr
- Servenban
·Bombay
Celovita Canton.
Xuals
Lumpar Iring
Janua
S. H. Dodwell Engi
Chairman.
CC Knight Ex
Deputy Charziah.
V. M. Graybars. Est.
Chief Managet.
Bangkok
W. H. Bell, Ex, K. S. Morrison E301 Campers A. H. Compton Esq.
Cuba:
Colenbo
Haiphong
MT. Johnson, B9G-Delhi Hon. Mr. J. J. Paterscap G. Miskin, Esq. I. E. Pearce, Ex Hambur
ΑΝΟΣ
BANGKOK
RAZATIA
ЗОМБАТ CALCCITA CANTON
CX5FOO
COLOMBO
BRANCHES
LONDON
STALACCA MANILA WEAR (Johore) -MUEDEN
NEW YORK PEPING
PEXANG
RANGOON
11
DAIREN POOCHOW BURIONG ZAMBERG HANKOW
RARE
BUNGKUS
ILOILO
TPOFF
JOKOBE
SHUM
KOWLOON
SAIGON
SAN FRANCISCO KUALA LUMP CE SHANGHAI SINGAPORE SOURABATA SUNGEI PATANI
TIENISEN TSINGTAO YOKOELAMA
Comped in Local Curma'r
and Fixed Tmpornite sourtved for one, pa? OF
Who 25 for Camory and Sterling
on
which may be print on application.
Hong Kong, 6th April, 1935.
·HONG KONG SAVINGS BANK
The Escof the above Dock is condner` ed by an 11-NG KONG AND SHANGHAI BANKING CORPORATION Buies way be obtamind on
F THE HONG KONG AND SHANGHAI BANKING CORPORATION.
* M. GRAYBUES,
Chief Manager.
Hong Kong. Firs, 39.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Paid-up Capan?
$10,000,008.00
Bewerte and Cediend 2,$80,000 NG
HEAD OFFICE-BONG KONG
git Do You Bo Val
BOL OF DIED TORS:
Shouton Chow, C
Kan Tong Po. Eng. Pune Jiazmeer Is I Font. Eng use.
Hankov
· Modna · New York Paiping
(Pelag)
Shanghai
Simexpor
Setiawan Surabaya Taips
ienten Jongkah
(Baker)
* Tringtas
Тейтанилца Zamboang
THE CHINA MAIL WEDNESDAY, JULY 31, 1935
Commerce and
Finance
LOCAL DOLLAR
STEADY
Silver Prices Firm
The local dollar remains steady demand this morn- opening on ing at 2/03
Silver prices were also steady. spot being 30-3/16, and forward 30%-
The London on New York cross-
rate was unchanged at -ULS |$496, 25: was the New Tork on London cross-rate at STAS.$4
Bong Long
Foreign Exchange and General Banking businere (961 Correal Accounts opened and Fixed Deponite- provised for one weer er sborsse periode si chime which will be quoted on application.
A. BREARLET,
-Manager. Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:Hong Kong."
NEW YORK STOCK
EXCHANGE
Latest Quotations
July 31 The following quotations were re- eived by Eexter:-
Last elove
Authorised Capital
$1,000,000
Paid-up Capital
Total Resources
-8,655,000 35.170,492
Branches: Canton, Toishan. Shanghai |
Hankow. Bangkok & San Francisco London Bankers: Lloyds Bank, Li,
YLfdən 496 4.96 NY. Cotton
Oct Mar
10.20 11.00
196
12.50 11.26 1.2.0
11.49
11.19
1125
Rubber
Dec.
19:20
12.2 12:28
Sept
92
Dec.
95
76%
Foreign Exchange and Banking C. Wheat business of every description trans- acted.
Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on appbation
Safe Deposit Boxes (various sizes) for hire
LOOK POONG SHAN,
Chief Manageri
SAFETY FIRST!
$6
76
C. Corn Sept. T
Dec
STOCKS-
Amer Smeting 43% Con Gas. N.I. 2714 Elec Bond &
Share
9 General Motors 38%
1 Tel & Tel 104
394
I Loew's Ine. "
Montgomery
Ward
To Saferaard Your Valuables and Jewelleries. Deposit them in a Vaalt
that is really: FIRE-PRO F BURGLAR-PROOF DAMP-PROOF!
OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of
XX, Central Standard Q -
SJ
}}}}3fg*a
LOCAL SHARES
TO-DAY'S QUOTATIONS "The following is the list of local share quotations issued to-day:
Banks HLA Bank $1050 sa, cum čİV, HK Bank (London) 1106 b. ex
dir.
Chartered Bank £1334 1 Mercantile Bank A. and
$31 Mercantile Bank C. 131⁄2 Bank of East Asiz $761⁄2 m
Insurances
Canton Ins. $203 IL Union ins. $$70 1. China Underwriters 10 cts. China Fire Ins. $382.1. HK Fire Ins. $200 m... International Assce. 34 n..
Shipping
Douglases $36 1.- EK Steamboats $4 a Indo-Chines (Pref.), $30 n. Indo-Chinas (Def.), $12 m Shell. (Bearer) $78/14 n Union Waterboats $11.
Mining
Antamoks 71 cts.
Balatoes $18 a
Baguio Gold 22 cts. n. Benguet Consolidated $12. Benguet Exploration 12 ets D Benguet Goldfield 10 cts n
Big Wedge 8 cts. - Gold Creek 30 ets. n.
2634
Gold River ö ets. -
9%%
2234
Ipo Mining 90 cts. n.
Itogons 36 cts. n...
Salacots 12 cts. .
Kailan Mining Ad. 13/- n
Langkats (Single) Sh. $14 ...
20:32
S'hai Exploration Sh. $4 Bo S'hai Loans Sh. $54 n
46
46%
Raubs $1.60
4322
4
EXCHEQUER RETURNS
C.S. Steel·
to
London, to-day-The Exchequer Li Enon Chop, Faq wok. Esq. Wong Our New building is Specially Con-returns show that ordinary re to date, excluding self- Tus on. Eng. Cha Chive Sek. Eng. Li Lestructed to provide all of these Invenue
And Sisa Tips!
items, audounts balancing portant Qualities. Soop Eng. Wong Chu Son, Eng Yo, Ing
may obtain a Safe Deposit Box in this most up-to-date Vault for $179,988,133, as compared with your own use at a very moderate Ren 5180,393,847 at the corresponding The total or- date of last year. L
self-balancing items, is $238,638,- 500, zs agafust £231,899,394 at the corresponding date of 1934.---Bri- tish Wireless Service..
BRANCHES AND AGENCIE
Shanghai Sisgepor Sporazaya
Batavia
Bombay
Hamil
No
S
Calcutte
New York
Packa
PATIE
Sydney
Taibaku
Junio Tokyo
Canton
Haiphong
Hankow
Bonciule Lobe-
Lavicon. Landoo
Pripin
Pastatas
Tanson
SAINIA
St Francing
Every decription of Basking and Exchange
Inspection Cordially Invited
THE NATIONAL COMMERCIAL diary expenditure, exclusive of
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
busirum tracted. Zoats cedard AMERICAN EXPRESS COMPANY,
Comment Artoria opened in Local Currency and Fixed Deporte rested for one has de shorter periods in Loci and Tareiga Cuiwezesma on term which will be quoted on applicazigs
Bain Deposit Bozen To Le
KAY TONG PO.
THE CHINA & SOUTH SEA BANK,
LIMITED
INC.
Head Office: 65, Broadway, New York
.U.S.$6,000,000.00, 2,183,633.06 $70.731.05
THE MERCANTILE BANK OF
INDIA, LTD.
HEAD OFFICE:
15. Gracchurch Street, London. ECS.
Authorised Capital -**-$3,000,000 Subscribed Capital ... 1.800.000 Paid-up Capital... 1.050.000 Reserve Fund & Rest. 1,247,830 -- BANKERS. The Best of England & Vidland Berk, Intole BRANCHES:
New Lock Bouchon
Prosog Porn Jos
(Mauritian) Tangoon Shanghai
Chief KanagŠT.
Capital
Surplus Reserves
BRANCHES:--
Amsterdam Antwerp
Grecon
· Milan
Tooh Kande
XMA
Coleuca
Kai
* Hacon
Xable
Colorado
Kota Bhar
Fania Lipin
Hambors Hay Hriderg
Pacha
Guite
Piping
Bon
Prierma
Zorberdara
Sibenche Southampton
DON
(Izcorporated in China)
Head Office ...Shanghai
Capital
Reserve
Branches
Foreign Exchange
Benin 177@chedu
$7,500,000.00
$1,500,000:6O
All Important Cities
in China
And
General
Current Skring Artentia opened and Find Deposita poised for one gas or shorter periode |
at which will be gluted on application.
SOC Z CHANG,
THONG KONG BRANCH:
Manager.
34. Des Tom Boed, Central.
Kenner's Offer
Fees Exchar Dey
General Offer
Cashier's Office
$3349
Achete
Paris
Turiza
Hrobey
Berries
Zakumea
Cairo
Calcotia
Cannes Colorthe Cop-nagra Dubla Edinberh Forrare
Ji London Interpont
Luceme Lago Lutor Karmien
Moore Cache Konfia
nich Kott
Tota Inormina Vienna Terica
·Jokohama Zarizz
Delhi
15owenia
Kia LampUT
Fendi (Palang) Simlə Mudra
Singapore
HONG KONG BRANCH
Exery seription of "Banking and Enshange-
• Transacted.. Travellers Cheques 'ismesed.
Trustee and Executorships vinder-
zakten..
INTEREST aliound on Current Accomnia, and Fixed Deponite at Beige that may be ascertained of application.
B. KENNEDY.
Manga.
American Express-, Branches-of Company in Principal cities at United States of America and Canda,
All classes of Commercial Banking Transactions zindertaken.
THE YOKOHAMA SPECIE BANK Personal
LIMITED
Established 1880
Capita! (fall paid-rp) Yen. 100,000,000 Reserve Fund ..... Yen 125,800,000
Read Office:-YOKOHAMA Branches and Agencies at:
Alexandria
Batavia
Berlin Bombay Calcutta
Canton
*
Nagasaki
Nagoya
New York Osaka
Peiping Dairen (Dalny) Ranzoon Tengtien (Mukden) Rio de Janeiro
Francisco Sextuler
Shanghai
*Hankow
Hong Kong Hsinking
London
Los Angeles
allowed
Deposits recrired
ang
Singapore
at rates to be obtained
AME
Hong Kong Lith
handled
investment
accounts
The Company offers to intending Travellers the use of its "Travellers Cheques and Letters of Credit and,
addition, the world-wide services! iz of its thoroughly equipped Travel! Departinent
E. WADEGGAN,
Mamayer.
THE WING ON BANK
Head Ofice: Hong Kong 26. Des Foczer Road Central Authorised Capital $10,000,000- LONDON BANKERS: Westminster Band, Ltd. Foreign Exchange and every des--| cription of banking business transact and Savings Ac Carrent counts opened Fired Deposits "re: ceived states which will be quoted on appichon.
pication Special rates, given
for Special deposita
Ac Trusteeship and Trecutorship m
Safe Deposit Bates for
PEILIP COCKCEIN
TESHU-RONG :
Qomen's Road Centr Hong Kong, 24th July, 1935.
THE
SHANGHAI COMMERCIAL & - SAVINGS BANK LIMITED
(Incorporated in China)
$5,000,003,
Capital paid up
Reserves Capital Savings Dept. $500,000. Beserve Savings Dept. $500,000. Head-Office Shanghai A-Bank having as la mission the industrial development 2 China and the fostering of her commercial relations abroad. Hong Kong Office
Ice House Sta Phone 31481-2-3
Is It Insured?
LOWEST RATE: American Ar
Fel Inc.
General As
Venz; Goldfeld $2.30 ..
Docks, etc.
HK and K Wharves (old)
$76 bi
NEW YORK STOCK MARKET
Temporary Steel Set-back
OPPORTUNITY TO INCREASE COMMITMENTS
BERLIN STOCK -MARKET
Better Dutch News Fails To Aid BusinessTM
--CHINA MAIL" SPECIAL
|
POLISH TRADE DECREE
Goods Confiscated At Posen
NEGOTIATIONS WITH DANZIG EMPHATICALLY DENIED
Berlin, To-day. Though cables from London
~CHINA MAIL *' SPECIAL In their market repert Messrand Amsterdam show that the
Danzig, To-day. S. B. Levy and Company, corres Dutch crisis has been overcome,
The reports appearing in the pondents for Messrs. White Weld the share market here did not and Company, New York, state-respond yesterday, business be- Polish press, that a deputation "StocksThe report of the ing confined to limits and the from the Danzig Senate is about US Steel Corporation showing price trend erratic. Fixed interto arrive in Warsaw to negotiate that operations are still unpro-fest securities likewise were quiet, with the Polish Ministry of Stable, is hely to reduce enthus-but industrial debentures some Finance about the recent decree laxm towards steel shares for what improved. Call money was restricting the competence of the Danzig Customs houses, is If the rate of at 3% to 8%, being due to det the time being." operations continues to advance, mands for the monthly settle emphatically denied by the off- cial Press Bureau of the. Danzig however, any market set-back is menta-Trans-Ocean Service.
Senate-Trans Ocean Service. likely to be, only temporary and Ishould be considered an opper
REICHSMARK QUOTATIONS
CUSTOMS ACTION
A message from Warsaw states that a wagwonload of herrings Berlin, To-day. - Beichsmark imported from Danzig by a mer
tunity to increase commitments. Business done:-1,680.000 shares. "Wheat:-The action of the market in the face of ballich quotations (without guarantee) chant in Poznan, formerly Posen are: New York 40.33; Paris has been confiscated by Customs crop.news confirms the decided 9: Amsterdam, 59.5; and Lon-officials there because it had been The Paris sterling already cleared by the Danzig lack of speculative participation.
expected to work don, 12.52
quotation is 7497, and the dollar. Customs authorities instead of at Prices are higher until hedge-offerings en 15.13-Trans-Ocean Service.
the Polish Customs house.
Customs oficiala The Polish large-and we favour purchases at Total sales;
now demand that the importer the present level Wheat, 51,784,000 bushels***Corn,
par the diference between the | 8,728,000 bushels.
jduty paid in gulden and that pay jable on the goods in zloty. Vari- ous consignments imported" by from Danzig Poses merchants have been, corisated for same reason
"Cotton: The weather has been very favourable and the es- timates of the crop yield are in- creasing.
art
GERMAN TRADE WITH FRANCE
Existing Provisions To Be Maintained
➡CHINA MAIL" SPECIAL
Berlin, To-day-
the
These cases are the first effects
of the Polish Finance Minister's
"Rubber-We bear that the
manufacturers large tire again "increasing their produe- tion, while the uncertainties with regard to the Dutch currency are the existing trade agreement goods imported into Polar be keeping many buyers on the side between France and Germany,cleared at Polish Customs nee lines Conservative accumulation a communication has been reTrans-Ocean Service.
In view of the expiration of decree of July 18, requiring all
of stocks continues. Total sales ceived here from the French 182 lots.
Government to the effect that The following cables were re-from this date the minimum ceived last night.
jduty will be imposed on all Ger- Stocks: The earnings of Loews, man goods.
HK and K Wharves (new) Wheat:
$742 a
HK and W. Docks $61⁄2 Providents (old) 85 cts. Providents (new) 20 cta. n. -
Hong Kew Sh. $240 z. New Engineering Sh. $4 n Shanghai Docks Sh$78 n.
Cotton Mills
Ewo Cottons Sh. $7 - Shanghai Cotton, (old) Sh.
$65 2.
Shanghai Cotton (new) $40 Zoong Sings Sh. $81⁄2 1 Wing On Textiles Sh. $25
Lands, Botels, etc.
HK and S. Hotels $3.80 sa. HK. Lands $30 i
Ine are reported to be The German Government has that the not so good as had been accordingly ordered expected. It is also re tariffs provided by the existing remain in ported that there has trade agreement been some liquidation force on goods imported from of the shares by retir-France. Trans-Ocean Service.
the in directors of Company. J. E Bennett and Co.
COMMODITY PRICES
Prev. Yesterday Closing Closin
are of the opinion that The following quotations have it is advisable to par-been received by Beuter. chase wheat at the pre- sent level of prices. We.
"confidentially in New York Cotton:-- formed that the private October
estimates of all USA¡December
are
The following quotations were Spot received by Reater:-
NY./London
cross-rate
H.K. Lands 4% Debentures NY. Cotton Oct... 11.50
100%
Shanghai Lands Sh $2011⁄2 n. Metropolitan Lands Sh. $10
Humphreys $8.10 m
H.K. Bealties $4 n. Chinese Estates $88 n.
China Realties Sh.$4
China Debentures Sb.$123 n.
Public Utilities
HK
Tramways $12 $12/12-60 sa
Peak Trams (old) $73% = Peak Trams (new) 35 1. -Star Ferries $76 D
Yaumati Ferries $17.60 n C. Light $8.60 D. HK Electric $57 1. Macao Electrics $22 Sandakan Light $3 a. Telephones (old) $214, s. Telephones (new) $8.30 n. China Buses Sh. $111⁄2 n Singapore Traction 10/6 b Singapore Pref. 22/6 b
Industrials Malabon Sugar $81⁄21⁄2 në. Cald: Macg. (Ord), Sh. $194 Cald: Macg. (Pref); Sh. $13 n Canton Icex $1.80 2. Cements $44 8. HK Ropes $21.
Stores, etc. Dairy Farms $15.70 2. Watson $3.35 2. Lane, Crawford $3 n.. Mackintosh 3Z D Sinceres $470 n Wm. Powells 70 cis n Wing On (ELK.) $55.2
**MiscellanROUS
H K Amusements $1.85 n. Entertainments $4 X- -SC. Enterprises $1.35 në
Marzo "Greyhounds 2 Constructions" : (old) - $110 Constructions (new
50 ct Vibro Piling $46. Ch. Govt. 5% 1925 GEB
90% 1
HK Gost 4% TO 62%
76%
IL37 11.24
PROCESSING TAX VALIDITY
Sixteen Packers File Suits
Chicago, To-day. Sixteen packers, including the Co., Swift Co. and the Armour have filed suits attacking the va idity of the processing tax
On the other pork products.
and the Texas Agricultural As
sociation intends to file a suit to test the constitutionality of the protective tarifis, conceding the, movement of retaliation suits fied by manufacturers against the payment of the processing taxes, the Association contending that if forced to sell in the open wants also to buy market it therein-Renter.
COTTON, TOBACCO
AND ORANGES
Agricultural Plans In Kwangtung
11.50
11.48
·11.37 ·
wheat are expected to January (1936) · 11.35
show below 625,000,000 March
11.28
13:26
bales.
May
11.26
11.22
Latest Quotations
July
12.05
11.23 11.18 12.00
New York Rabber- Prev. To-day's September «lose Jose December
12.00%
12.01
12.20
1221
4.96% 4.96
January
12.268 12:29
1148
March
12.428 12.42
NY. Rubber Sept. 1200 Chicago Wheat Sept. 92% Chicago Corn Sept. .
1201
May
12.542
12.526
91%
Chicago Wheat:--
Montreal Silver Dec. 68.50 Silver Official
67 Dow Jones „Averages
Jaly.
92
90%
59.00 -6734
September
924%
-9134
December
93%
92%
May
.94%
35.25 2486 39 of
Chicago Com-
23.28 22.90 38 of
July ...
83
Reg
d
96198 96.85 43. of
September
77
76%
December
B
63%
ning
May
66%
65%
RAW RUBBER PRICES Act
Winnipeg Whest:- [July [---
857%
-8424
85%
847%
New York Sugart
Latest Quotations From
Singapore
Sept Dec.
30 Industrials 126.56 125.57 99 of 20 Rais
20 Utilities'.
40 Bonds
Index
11 Commodity
55:22 54.91 21 of Business Done:--1,680,000 shares.
Canton, To-day.
To supply the needs of the cot- ton wearing and knitting de- partment of the Provincial Spin- and Weaving Factory", which will start operations very soon, the Bureau is planning to jestablish a cotton-growing station
in Shinkwan for planting of cot-;. Iton of improved species. Techni No. 1 No.3 No. 1 No. Jeal men have been sent there to Con. Com. Con. Con make a thorough survey of lands. 2.32 229 2.32 228 Planting will commence as soon 248 230 2.42 2.30
as a suitable site is chosen.
The Bureau has also decided to establish a tobacco-growing sta- 2.15 tion in Hokshan and a California
Messrs. H. B. Joseph & Co. have Jam (1936) 216 208 2160 208 2.10 received the following Straits Cur-March rency quotations from Singapore May for Raw Rubber
1.44 1.43%
210
$15
New York SME-
Spot 19% up 4 by 19% s August September 1934 up 34
20.*.* October-December 203⁄4 up 3⁄4
¡September
$1.44
December
1.43
March
1.43
1.43
68.10
63.50)
68.800
20 2014 15.
b Montreal Silver:-
September January-March (1936) 21% 27 December 1 b. 21% Market: Fizzner.
Jammary March
German-Belgian Trade
Larem
in the will
68.05.
orange-growing station in Fa- hsien. Large quantities of both are at present imported every year--Central Press.
6305 BIG DEMAND FOR
· 69.00
69.10m
20.00
Payments Agreement
KWANGTUNG SILK Government Factory Expansions
Canton, to day.
In view of the growing demand for its sile products, the Kwang- tang Spinning and Weaving Fac
have
An agreement ther percentage will be set aside tory ordered 100 more sets of Germany, and the Belgian for the liquidation of other obliga machines abroad. It is learned
that 60 sets of the mas Customs Union con-tions
published In case the German exports to arrived and have. yesterday, Belgium should exceed 14,000,000 already. The remaining
30 probably arks per
Most of the pro wesving
the Am
wool
ment
epart