BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital Issued and Fully Paid-up Reserve Funds?
Sterling --€ 6,500,000 Silver ... $.0,000,000 Reserve Liability of Pro-
_prietors
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
20,000,000 Incorporated by Royal Charter, 1855,
BEAD OFFICE HONG KONG.
BOARD OF DIRECTORS.
6. Dodwuil, Esq. Chairman,
CC Inight, Engi`
Deputy ChairREDA
V. M. Grayburn. Jaqu
Chind Manager
20,000,000 Reserve Fund
HEAD OFFICE: LONDON Paid-up Capital
£3,000,000
£3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Alar. Biar
Amritoor
Daily 1pok
Xangoon
Bangbak.
Sucking
Kang
Fee
Lampar
Xvoking
Madonn
Shanghai Sizespore 5:tiawa Sourabaya Taiping
Manila
Delizi Haiphong
|Hagbow |Harbin **
Hong Lour
Madan
Zongsh
New York
Terping
Thingto
(Peking)
“Tokolacos
Zamboanga
Bemba Calestia Centu W. H. Bell, Esq. F. S. Morrison Estampere
Cebu M. T. Johnson, Esq. Colenbe
A H. Compton Esq.
Hon Mr. J. J. Paterson,
G. Miskin, Esq. T. E Pearce, Esq, Hamburg
AYOT
BANGKOK
BAZAVIA
BOMBAT CALOUTKA
CANTON
CHEFOO
COLOMBO
DAIREN FOOCHOT
KAIPHONG
HAMBURG
HANKOW
HARBIN
HONGKEW
ILOILO
IPOE
JOHORE
FORR
KOWLOOK
BRANCHES
LONDON
LTOSS
MALACCA
MASTLA
MTAR (Johor)
MUKDEN
-1
NEW YORK.
PELPING
ENANG
RINGOON
SAIGOS
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPOK
SOURABAYA
SUNG ET PATANI TIESTSIN
TOKYO
SINGTAO
*. TOKOHAMA
Carret Arsen opened in Local Currency ad Fizzed Deposite received for one year of shorter periods in Lonal Currency and Sterling on team which will be quoted on application.
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
* Busites of the above Bank is condues
ad by the HỤNG KONG AND SHANGHAT BANKING CORPORATION.
obesined on application.
Boles may be
FOR THE HONG KONG AND SHANGHAI" BANKING CORPURATION,
T. M. GRATETES,
Chief Manage.
Hong Kong. th February, 1935.
Kohe
Post
(Bhaker)
THE CHINA MAIL, TUESDAY, AUGUST 13, 1935
Commerce and Finance
LOCAL DOLLAR DECLINES
Silver Prices Fall
The local dollar declined 30
demand this mor opening on ning at 2/05-
Spot and forward silver prices fell 1/16 to 30% and 30-3/16| respectively.
The London on New York cross- rate was quoted at US$4.974. as compared with £—US$496%. while the New York on London
Formiga, Exchange and Genersi Banting, business) cross-rate was 5-US$4971⁄44, 28
trannacard.
Can Accents opened and Find Depois compared with US$4961⁄2-
| zvenivad for stu, year or shorter perioda, es zuber
which will be quoted an application.
AEREARLET."
Manager.
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD.
Established 1912.
Head Office:----Hong Kong-
Authorised Capital
Paid-up Capital
Total Resources
$11,000,000
EXCHANGES:
TO-DAY'S QUOTATION
On London-
On TIT. and demand
4 months sight
On Shanghai-
On demand
·2/-3/4
2/3
Credits 4 months' sight.. 2/1%
8,855,000 On Singapore--
32.170,492
On demand
On India-
Branches: Canton, Taishan, Shanghai. On Japan... Hankow, Bangkok & San Francisco. On demand London Bankers: Lloyds Bank, Ltd.
Foreign Exchange and Banking 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 application
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
THE
THE BANK OF EAST ASIA, LTD. AMERICAN EXPRESS COMPANY,
LOCAL SHARES
TO-DAYS QUOTATIONS The following is the list of local share quotations issued to day
Bankn
HK. Bank $1045 b.ex. HK Bank (London)
ex div
NEW YORK STOCK MARKET Prospects Of Further
Recovery
SELECTIVE" SWITCHING -
ADVISABLE
BERLIN SHARE MARKET Buoyant Tendency More Marked
CHINA MAI
HAL
Berlin, To-day...... Business was quiet yesterday,
BEER BREWING IN CANTON
Installation Should Be Ready Shortly
AERATED WATER MACHINERY
NOW ON WAY “
Canton, To-day. In their market report. Messrs-but Saturday's bucyant tendency S. E. Levy and Company, Corres" was even more marked many The work on the buildings of pondents for Messrs. White Weld prices showing further rises the drinking liquid plant es and Company. New York, state:- brisk demand developed for GerItablished by the Reconstruction "Stocks: Standard Statistics man Linoleum and General Elec Department at Saichten" is now that although corrective tric shares, which advanced 1% fast proceeding. Eighty per cent. div. states
of it has been finished and the 110 reactions are probable, the main-and. 1% respectively.
tenance of an investment attitude Fixed interest securities re-
Chartered Bank £13% 2. Mercantile Bank A and
£291⁄2 TL
Mercantile C. £127.
Bank of East Asia $76.
Insurances
*
Canton. Ins. $203 n. Union Ins~$370 b. China Underwriters 10 cts. D. China Fire Ins. $382, 1. HK Fire Ins. $190`s. International Assce. $å n.
Shipping
Douglases $36(1- HE. Steamboats $4 në Indo-Chinas (Pref); $30 n. Indo-Chinas (De); $12 n- Shell Bearer) 76/3 n. Union Waterboats $11.
Mining
Balatoes $18
Big Wedge 8 sts. L
Gold Creek 30 cts. z.:
is justified in view of prospects of mained very dull, prices being whole plant is expected to be
Call money was at completed within this year, B further recovery in industrial unaltered.
Selective switching is 24 to 2 per cent-Trans-Ocean activity. advisable. Legislative dangers are Service..... still encounterable, but the political situation is now less Business dane: 2,430,000 shares...
Two departments, namely, beer. land aerated water, will be er tablished at first Half of the Imachinery of the beer depart-
disturbing TRADE AGREEMENTS ment, which arrived here in May,
accumulation
"Wheat: Week-end hedge offer- lings found limited buyers. · Coo- tinued bullish crop and harvesting reports suggest an for profit when the crop movement Total sales: Wheat: 35,- 428,000 bushels. Corn: 8,230,000 bushels.
WITH EUROPE
Australian Minister's Tour Of Inspection
has been installed, and the rest will probably be completed at the jend of next month. The machin- ey of the aerated water depart-
ment has been ordered abroad A portion will arrive some time. next month-Central PresK.
MOTHER AND SON KILLED
Railway Tragedy At Crossing
~ CHINA MAIL ~ SPECIAL
Berlin, To-day. "Cotton: The opinion is express- ed that there will be no Joan -un- Sir Henry Gullett, Australian less prices decline to below 10% Minister without Portfolio, special- [cents. No final action is likely be-ly empowered to conduct trade fore September 15, or possibly agreement negotiations, is at pre- later.
sent staying in Berlin, "accom~ "Rubber: We anticipate more panied by two officials from the aggressive buying in the near Australian Trade Ministry and future and we favour accumulation Customs administratio of distant futures. Total sales: After having made
a lengthy
110 lots.
visit to London Sir Henry is now "Flash: Steel mill activity dur-travelling in various European ing the past week is estimated at countries with which Australia in-į 48.1 per cent. of capacity, against tends to conclude trade agreements, Wadsley Bridge and Oughtîbridge recently by an expresa train 46.0 per cent. the previous week" and the object of his Berlin visit
Latest Quotations
Sheffeld.
A mother and son were killed on
LNE the
failway between
chester."
is to explore the possibilities of travelling from London to Man making such an agreement between Australia and Germany-Trans-
The following "quotations were Ocean Service. Ireceived by "Renters
Prev. To-day's close, close
NY/London
1372
$8
Antamoks 76 ct. 1.
1732
Bagnio Gold 22 cts. n.
On TT and demand On New York-
135%
Benguet Consolidated $12.20 n. Benguet Exploration 12 els n. Benguet, Goldfield 10 cts z
On demand".
51
Credits 60 days' sight
53%
On Batavia...
On demand
.74%
Gold River 5 ets. n. Ipo Mining 907 cts. E. Itogons 36 cts, 1.
On Paris
On demand
717
Chief Manager
Credits 4 months' sight.
312
On-Saigon
-On demand
762
Salacots 12 cts. Am Kailan Mining Ad 12/6 n. Langkats (Single) Sh. $14 a -Shai Exploration Sh.$471⁄2 »
S'hai Loans Sh. $51⁄4 a.
On Manila
On demand
102
Rauba $74. m.
INC.
On Bangkok---
Venz: Goldfield $2.90 m
Docks, etc.
497
$20,000,000.00 5,508,60G,OF
On demand.
90%
Head Office:65," Broadway,
New York -
Sovereigns bank buying rate 2/1
HK and K Wharves
*$78.0
NY. Cotton Oct. (old) NY. Rubber Sept. 12.01
11.22
11.09 12:03
Bar silver per oz.
30%
Bar silver in Hong Kong
Hom
U.S.$6,000,000.00
2.183,633.06
Copper cash
Dom
870.731.05
Copper cents
par.
EK. and W. Dock $61⁄2 b. Providents (old) 65 cts. s.
cts. st
Chicago Wheat Sept. 89% Chicago Corn Sept. 75 HK and K. Wharves (new) Montreal Silver Dre 68.7
$74% 1.
Silver Official
67% Dow Jones Averages
872 74% 68.35 67%
BRANCHES:—
Áryterðaza
Genos
Vilan
Afftwerpt: Athena..
Kapine
ĀRAZI
Amoy
Batavia
Kelbourne
Bombay
Suganaki
Calcutta
New York
· Szagaporn
Basle Berlin Tomthey Remre Frunzele Cairo
+
Canton
Отеля
Bombay
Haiphong
Paris
Swatom
Fiaskow
Pripize
kydory
Honiga Kobe
Loulou
PROME
Raturvoe
Saigon
Toky
ban Francines
FARODU
Yokobac
Authorised Capital
Paid-up Capital
30. Des Your Bond Central,
Reserve and Undivided Profa.32680,006,00
HEAD OFFICE: HONG KONG
BOARD OF DIRECTORS—
Bir Shou-ega Chew, Chai nan.. Leon Chus. Eng., P. B. amok. Eng. Toog Yun Tong, Eng Chan Ching Shark, Eng. 14 Lan Sang Enq Foog Chu Son. Eng. and Ken Ying
Pa Ear
I TOOK Po. Esq. Chief Wanneer.
Li The FORS. Eng. Meansw.
BRANCHES AND AGENCIES:-
Capital Surplus
Reserves
Festile
Bemarang" Shangha
Tiboins Timin
-Every description of Basking sod Exchang busiem. Tacscled. 'Loans, pasted on approved
securitie
Current Accounts opened in Lonal Currency od Fixed Deposits received for your of shorter periods in Local and':Forrige Currencum en terms which will be quoted on application
Sale Deposiz Bose To Los
EAN TONG PO.
་
-
Chief Managet.
THE CHINA & SOUTH SEA
LIMITED
(Incorporated in China) Head Office Shanghai Capit:1
Reserve
$7,500,000.00
$1,500,000.00
Calcutta Canne Colombo Coproberen Thiblin Edinburgh Florrace Gepers
The Flare Havana Faveburg Hi Rüdelbere Interier Jermaniem Inodor Ljerpool
Luchtbe Lugano
Istor Mamani Bonte Carlo
Manila
Munich
Konzenz
Faris Priping
Rotterdam Rome Shanghal Socihampros Singapor
•Tientsin Tarozion
Viental, Venice
.
Tokohama Zurich.
Branches of American Express Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
Personal
| handled
investment
accounts
The Company ofers to intending BANK,|Travellers the use of its "Travellers Cheques and Letters of Credit and addition, the world-wide services
BranchesAll Important Cities
in China
Formige Exchange and General Backing
Benizens tr
• Current and Saving Accounts apagad soď' Fixed)
Deposits and for gave you a shorter perioda
in
of its thoroughly equipped Travel Department
Rate of native interest .. 3% pa..
33% dis.! Chinese Sub. Coin Hong Kong sub, coin
par.
NEW YORK STOCK EXCHANGE
Latest Quotations
August 13
The following quotations were re ceived by Renter:-
Last close 70.20 11.00 NY/Londom 4.97 -497497Y N.T. Cotton
11.22 11.12 11:12 Oct Way
10.89 10.92 10.99 NY. Rubber
12.21 12.29 12.2 De Chicago Wheat
Sept
ad Dales which will be quoted of aplication THE WING ON BANK NY. Central
SOU 2. CHANG.,
Manager.
HONG KONG BRATCH:
24. De Tomaz Road, Central
Foreign Earbage Dept..
شهرين Gural
Cashier's Of
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880 Capital (full paid-up) Yen. 100,000,000 Reserve Fund... Yen 125,800,000
Read Office: YOKOHAMA
Branches and Agencies at:
Alexandria.
Batavia
Berlin
Bombay
Calcutta
Canton
Dairen (Daly)
Nagasaki
Nagoya
New York
Fengtien (Mukden). Rio de Jeneiro
Hamburg
Hankover
Harbin
Hong Kon
Honolulu
Hsinking" Karachi Kobe 1 London
San Francisco
Seattle
Semarang
Shanghai
Sonrabaya
Providents (new) 20/cts. n. Hout Kew Sh. $240 m : New Engineering Sh. $4 n. Shanghai Docks Sh$78 n.
Cotton Mills
Ewo Cottons Sh. $7 D Shanghai Cotton
$65
cross-rate
4.974
.06 mp 55 30 Industrials 127.94 199.00
35.46 36.00 54-up 20 Rails:... 20 Utilities.-26.80 26.91 1 up 40 Bonds.** 96.78 96.69 · 09 out 11 Commodity ·
Index
35.19-
Business Done-2,430,000 shares.
SUGAR FACTORIES RESUME WORK
Stoppage Caused By Lack Of Cane
Canton, To-day.
They were Lily Wood, 31, of Darwin-road. Hulsborough, and Albert Wood, 7. The boy, it is believed, was alive when picked up with severe injuries.
The place where the victims were found was about 40. yards from a pedestrian crossing over` the railway at Beelwy Wood,
known as White Rail Crossing.
The Sun-cho and Sze-tow sugar 107, AND REFUSES refineries resumed operations on Sunday after a suspension of a few months due to lack of sugar
canes.
The refineries are making white sugar from local raw sugar bought from different parts of
(old) sh COMMODITY PRICES the province. The total quantity of
Shanghai Cotton (new) $40 m. Zoong Sings Sh. $82 - Wing On Textiles Sh. $25. Lands, Hotels, etc.
HK and S. Hotels $3.70 n. HK Lands $29 1.
C. Light $8.45 m
sugar refined by the two factories
TO DIE
Oldest Inhabitant In Cape Province
Wellington, South Africa.
the "Old Penguin,” aged 107,
The following quotations have daily is about 2.500 piculs, which oldest man in the Cape Province, will be sold in this province and has been run over by a car and is been received by Reuter.
Prev. Yesterday Shanghai where a stable market in the Paarl Hospital Closing Closing has been established for Canton "I refuse to die and now they
sugar
January
March
91%
Central Press.
BACON INDUSTRY IN BRITAIN
Board To Regulate Production
London. To-day.
An order has been issued un-i
Agricultural Marketing Act to bring into operation on September 17-the bacon develop! ment scheme," which completes! the plan of reorganisation of the bacon industry, by the establish- ment of a board which will li- cense
attempt to kill me by running me over with a car," he san
Everybody knows him, and he is the only man in the town who can make as much noise on the streets as he pleases without having to fear the police.
gone.
Everything
BUT YOUR
SAVINGS
New York Cotton:
October
1122 11.09
HK Lands 4% Debentu
100%
December
17.09
10.95
Shanghai Lands Sh. $20% 2.
January (1936)
1105
10.92
March
10.99
10.93
Metropolitan Lands Sh. $10
n.
May
10.99 10.94
Humphreys $8 3.
July
10.97
10.91
Dec.
89% 91%
-882
HK Realties $4 n.
Corn Sept. 75
90%
Chinese Estates $88 n.
Spot
11.60
11:50
Dec. STOCKS
5812
56%
China Realties Sh$4 n. China Debentures Sh.$123 1
New York Rubl
September
12.01
12.03
Amer Smelting 431⁄2
43%
Public Utilities
December
12.21
12.24a
E. W. DUGGAN..
Manager.
Con Gas NY. 224 Elec Bond &
Share
1734 General Motors 45% Int: Tel & Tel 12
32%
17%
45
16 45
1224
Loew's Inc Montgomery
Ward
39%
39%
395
H.K. Tramways $12.65 b. Peak Trams (old) $754_n. Peak Trams (new) 15% n Star Ferries $762 b. Yaumati Ferries $17.60 n.
12.28
12.31
der the
12.43
12.45
May
12.55
12.57
Chicago Whea
35% 35
September
89-48
223% 224 225
47
47% 442 443 444
$December
872 8934 91%
May
92%
Chicago Com
September
75
December
58
May
5934
74% 55% 55%
Winnipeg Wheat; August
84%
8214
New York Stiger:-
TAXES
sept
Dec (Jan. (1936) 2.20
March
249 2.30 2.52 232
210 221n 210
DAIRY PRODUCE
WATER
211
216
211 217
Britain the World's Best Customer
To-day
LIMITED.
Fend Office: “Hone, Kong
26, Dee. Vanje Road Contra), Authorised Cavital $10,000,000
LONDON-BANKERS:—— Westminster Band: Ltd. Foreign Exchange and every des- cription of banking business transact
Standard On
NJ. US Steel
RAW RUBBER PRICES
Latest Quotations From Singapore
Current Accounts and Savings Ac Messrs. H. B. Joseph & Co have counts:opeaed. Fixed Deposits Te ceived at rates which will be quoted received the following Straits Cur- Special rates given rency quotations from Singapore plication
for Raw Rubber:-
for Special deposits,
Trusteeship and Executrship tun-
| Aortaken-Safe Deposit Boxes for
bire
PHILIP GOCKCHIN Chief Manager
LI SHU FƠNG Asst Manager
L. GOCKCHIN BAsst.“M:
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China)
Capital “paid:up
Spot 19% Down 3⁄41⁄2 3, 19% s October-December 20% Un-
changed b., 20.5 January-March Un-}
changed b. 2134
21% Un- April-June (1936) changed b., 2276: Market: Steadie
Is It Insured?
HK Electric $59 b., $3932
$59/59 saj Macao Electrics $221⁄2 n Sandakan Light $3 s. Telephones (old) $201⁄2 3. Telephones (new) $8.20 n
China Buses Sh$114 Singapore Traction 10/6 n. Singapore Pref. 22/6 b..
Industriels
Malabon Sugar: 381⁄2 3% Cald: Macg. (Ord), Sh. $194
Cald: Macy. (Pref.). Sh $18 Canton Ices $1.80 m. Cements"$34 ́8. HK Ropes $21.
Stores, etc. Dairy Farms 15.40 n. Watson $3 Z Laise, Crawford $3 n. Mackintosh $72 Sinceres $4.70 1. W Powells 70 cts. n. Wing On CEK.) $65 TL
#Miscellaneous
K Annsements $1.85. tertainments: 44\n=
Enterprises $1.85 1
May
bacon producers under such conditions as it finds neces- sary for promoting efficient pro- duction or preventing or reducing excessive production.
The board will consist or 11 members appointed by the Min- ister of Agriculture and four each by the already existing Ba-1 con Marketing and Figs Market
No.1 No.3 No. 1 No.3 ing Boards, British. Wireless
Can Com Con. ConService."
2:37 233 237 2:33
New York Silk-
149-155 1462 15 1467 1.53%
report published by the Im perial Ecop that in 1934 the Unit was again
September
Decemb
March
Montreal SIV
Sep
67.80
67.66
tomer for
Dec
68.70
68.35
68.95n 68.65m
March
69.90 69.30
of the
REL
QUOTATIONS the
King
RENT
FOOD
CLOTHING
HEAT
CHITS
SAVINGS
SAVE SOLETHING!
"START NOW
UNDERWRITERS
SAVINGS BANK FOR THE FAR EAST,
Flow Current Ac-