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 Fundas
Sterling
... £6,500,000
Silver.... 3 0,000000`
Reserve Liability of Pro-
prietors
BOARD OF DIRECTORS.
6. E. Dodwell Esq.
Chairman,
* Knight. Eng.
HEAD OFFICE: LONDON"
Paid-up Capita?
Alor Star
Amritsar
Bangkok.
Agencies and Branches:...
Deilo
Ipoh Ke
20,000,000 Reserve Fund ...
$3,000,000 £3,000,000
HEAD OFFICE HONG KONG.
Reserve Liability of Pro-
prietors
£3,000,000
Rangoon
Saigon
Semarang Seremba
Sirvenparm
Sitiawa
Taiping
Tangish
(Baukee)
Той сотов
Zamboangs
Deputy Chairman.
T. X. Genyburn, Esq.
Chief Manague.
Badaria Bombay
W. H. Bell, Esq., K. S. Morrison ES-Capore AHL Compton Esq
YT Johnson, EM
Hon. Mr. J. J. Paterson,
Canton
Cebu Colembe
Haiphong
G. Miskin. Esq. T. E. Pearce, Esqm hairg
AVOY
BANGTOX
BATATLA
ΡΟΥΒΑΣ
CALCUTTA
CANTON CHEFOO COLONBO DAIRES FORKUOW HAIPHONG
NAMRÉG HANKOW HARMIN BONGRE
ILOILO
ΤΡΟΥΣ
MADRE
FOBE
KOWLOON
•
BRANCHES:
LONDON
LYONS
MALACCA
MANILA
MUAR (Johor)
MURDEN
NEW YORK
PRIPING
PENANG
BANGOON
SAMOS
SAN FRANCISCO-
KUALA LUMPCE:·
SHANGHAI
"SINGAPORA
NOURABATA
SUNGEL PATANI
·TTENTSIN
TRYO
TSINGTAO
YOKOHAMA
Current "Arrousta oprsed in Local Carnincy med Fixed Deposita incoined for one year or
•hori Deriul is Incal Cormory' and Burling on to which will be quated on application
Hong Kong. 6th April, 1935.
Bankura Harbin
Her Kot
Robe
Lapt Kuebing Madra
Manila
Medan
New York
Peiping
PINE
Forvice Exchange and, Georral
THE CHINA HAIL, THURSDAY, AUGUST 22, 1935
Commerce and
Finance
LOCAL DOLLAR STEADY
Forward Silver Up
The local dollar is steady. opening on demand this morning at 1/11
.
"Spot" silver was steady at 29 and forward advanced to: 28 11/16-
The London on New York cross-
at f rate was unchanged U.S.S4.98%, while the New York: Banking basin on London cross-rate was quoted lat US$1.98% as compared
US$1.98.
Current Accounts opened and Fixed: Deposit
received for one your æ, eberier periods at rates with which, will be quoted oa application.
A. BREARLEY,
Manager.
Hong Kong, 1st January, 1935..
"THE BANK OF CANTON, LTD.
Established 1912.
Head Office-Hong Kong.
Authorised Capital
Paid-up Capital
Tetal Resources
EXCHANGES
TO-DAY'S QUOTATION
On London.
On T.T. and demand
1/11/
4 months' sight
1/11
$11,000,000
Credits 4 months' sight..
8,655,000 On Shanghai-
32170,499 On demand
130
Branches: Canton, Toishan, Shanghai. On Singapore-- Hankow, Bangkok & San Francisco.
On demand
London Bankers: Lloyds Bank. Ltd.
Foreign Exchange and Banking On Japan→→→ business of every description tram- acted.
HONG KONG SAVINGS BANK Deposits received for one year or
The Bunion of the shores Bask in eandwat ed by the HONG KONG AND SHANGHAI
BANKING CORPORATION. Rules may be chewed-on aspiration.
FOR THE HONG KONG AND KHANGHAI. BANKING COEPORATION,
V. GRATBORK,
Chri Maraget.
Hong Kesa. Tab Forty, 2015.
THE BANK OF EAST ASIA, LTD.
Authorised. Capita!
Paid-up Capital---# 3,254,000,00 -$ 2,480.000,00 Eeverte and Codinard Pofit —–—
-$10,006,000,00
-HEAD OFFICE:-ROONG KONG
20. Das Toma Rand Contr
→
Current Accounts, opened and Fixed
shorter periods at rates which will be quoted' on application.
Safe Deposit Boxes (various sizes). for hire.
LOOK.POONG SHAN,
Chief Manager
THE
AMERICAN EXPRESS COMPANY,
INC.
*
4514
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations "issned" to-day:
Banks
HK Bank $1.100 n.. HK Bank (London) £111. Chartered Bank” £131⁄2 1. Mercantile Bank A. and
£291⁄4 1.
Mercantile C £10% n Bank of East Asia $764 1.
Insurances
Canton Ins. $185 m. Union Ins. $395 n
China Underwriters 10. Chins. Fire Ins^ $332 m. HK. Fire Ins. $185 m. International Assce. $4 n..
Shipping
Douglases $36 D.
HK Steamboats $4 D-
Indo Chinas (Pre£), $$0 . Indo-Chinas (Def.). $12 n. Shell (Bearer) 72/6 Union Waterboats $111⁄4 3-
Mining
Antamoks 79 cts. n
Balatoes $18.
Baguio Gold $241⁄2 cts. n. Benguet Consolidated $12.10 Benguet Exploration 13 cts. n. Benguet Goldfeld 10 cts n. Big Wedge 8 cts.
B
NEW YORK STOCK MARKET
Markets Again Advance
BETTER INTEREST: SHOWN IN WHEAT
In their market report. Mesars
MANCHESTER MARKET
Lack Of Enterprise Evident
UNCERTAINTY REGARDING “FUTURE TREND
Messrs. James F. Hutton and
NEW ADVERTISEMENTS
PUBLIC AUCTION
HE Undersigned have received instructions to sell by Pablic
Auction
On
Friday, the 23rd, August, 1935-
Commencing at 10.30 am.
at their Sales Room. Duddell Street
A QUANTITY OF ILFORD.
· PHOTOGRAPHIC GOODS AND SUNDRY GOODS comprising:
S. E. Levy and Company, corres Co., Ltd., reported as follows on pondents for Messrs. White Wald July 243-
There have been no fresh fea- |and Company, New York, state:--
“Stocks: After a temporary set-tures of special interest during back, the markets to-day again the past week, and nothing has advanced It is likely that prices happened that could be likely to will be governed by daily Legisla- stimulate activity. Buyers in all
Xray developer, film packs, film tive developments whilst Congress sections have been quite content rolls, clorona paper, rapid bromi- is in session. Business done to purchase on the hand to mouth de paper, X ray D. C. film, debtal (1,750,000 shares.
film, portrait plates, etc. etc. policy.
Baking powder, (Continued on Page 7)
There is a marked feeling of un-
egg saving future powder, honey, liver salts, petrol Latest Quotations
certainty regarding the
material prices emulsion, lysol, varnishing cream. The following quotations were trend of raw received by Rexter:
which is reflected in the lack of cold cream, health salts, mag cit, Prev. To-day enterprise on all sides. Rather chemical food, toilet paraffine,
close disappointing reports continue to jetc, etc.
XY/London.
also
turing areas, where certain mills A quantity of household furni complain that their order booksture and miscellaneous goods etc.
Terms: Cash on Delivery
close
come to hand from the manufac-
4984 498
NY. Cotton Oct-
NY. Rubber Sept
11.32 13.25 1184
-11.99
Chicago Wheat Sept. 87%
Chicago Corn Sept.
742 174% Montreal Silver Dec. 65.35 Silver Official :..
65.55
65%
$699
*63
Dow Jones Avernges... ....
130 Industrials 126.31 127.66 1.35 up.
20 Rails
90 Utilities. 40 Bonds...
35.56 35.86 30 up 2101 21.07 06 up 96.30 96.35 · .05 up
11 Commodity
53.55 54.09 54 up Index ..... Business Done:~~~1,750,000 shares.
are getting very low. It would appear that more stoppages are in-| evitable unless there is a speedy) împrovement in turnover.
Small Indian Demand One of the major factors for this state of affairs has been the
LAMMERT BROS.
Auctioneers. Hong Kong, 22nd August, 1935.
small demand from India. ALFACTORIES OPENED though, for the most part, enquiry has been well maintained. dealers abroad have been slow in putting
Mer
COMMODITY PRICES forward workable offers.
The following quotations have been received by Renter.
Prev. Yesterday Closing Closing
IN CANTON
Distinguished List
Of Guests
chants on this side are of the opin-i ion that the recent legalisation of wages has resulted in slight in-
Canton, To-day. creases in cloth prices, thereby The three provincial factories, putting them into a worse position, the caustic soda plant, the spin- with regard to competition fromjning and weaving factory and the abroad.
fertiliser factory, were formally Fresh business has been arrang-lopened on Tuesday.
The opening
book ed in light bleaching cloths for
ceremonyTM Madras, Karachi and certain of place at the spinning and weaving the up-country outlets, though no factory at 1 o'clock in the after- quantities of any great weight noon, and was attended by over
Calcutta: 2,000 persons. have been mentioned
Chairs In bas remained quiet, business being Yuen-kai officiated.
Among the prominent figures chiefly restricted to several small
On demand
163
On IndiaTM
On T.T. and demand:
1284
On New York
Oh demand
Credits 60 days' sight
503%
On Batavia-----
On demand
7034
Gold Creek 30 cts. și
Gold River 7 ctx. n.
On Paris-
On demand
725
Ipo Mining 90 cts. I.
Credits 4 months" sight
770
Itogons 36 cts. n.
Salacots 12 cts n.
On Saigon-
On demand
7234
Kailan Mining Ad. 13/- n.
March
Head Office: 65, Broadway, New York
On Manila-
Langkats (Single) Sh. $14 The
[May
On demand
962
S'hai Exploration Sh.$416 z..
July
Shai Loans SE. $54 n.
Capital Surplus Reserves
US$6,000,000.00 2.183.633.06 870.731.05
On Bangkok
Spot
New York Cotton:- October
11.32.. 11.25 December
11.13 .-11.08. January (1936) 11.09 11.04
11.06
1102
11:05
11.00 11.02 10.97 11.70 11.65
Raubs $72 d.
On demand
953
New York Rubber:-
Venz; Goldfield $2.30 m.
September
11.84
11.99
lots
December
12.04
12.20
Bar silver per oz.“
29
Amsterdam
Bar silver in Hong Kong
... дот
Glasgow
"Athena
AR-S
The Harve HATANA
Kaplow
Copper cash
Bar
17 Abors
Copper cents
Berlin Bombay
Bremen Brunne's
Rate of native interest Chinese Sub. Coin
пот
par. 35% pa.
Docks, etc. HK and K Wharves
$78. n. *
January
12.12
19-26a
(old) March
12.26 12.41
May
32:40a
12.54
HK and K Wharves (new)
Chicago Wheat:
33% dis
September.
87%
894
Ieminaćem London Liverpool:
December
894
92
par
chiefly in fancies. Egypt has re-
May
91%
9334
Lertor
Miron Carlo
Xanich
Singapor Tiestain Treeniza
Chicago Corn:
"'
September
743%
Vicane
December
559%
Tokebeme Zurich
May
57%
74% 564 5734
mained quiet, but some trade has been done in prints and coloured goods for West Africa, as well as bleachers for Morocco.
Winnipeg Wheat.-- August
86**
October... 85% December
85
BRANCHES:---
Sovereigns bank buying rate 2/-%
of white yarn dhooties present were Mr. Herbert Phillips, Moderate lines finer cloths have Consul-General for Great Britain
|Mr. C. J. Spiker, American Consul-
been placed for Rangoon.
General, Dr. F. Altenburg, Ger-
Scrappy China Trade Singapore buyers have not been man Consul-General, and General altogether idle, but only a scrappy Yu Han-mow. Central Press
trade has been done with China,
BOARD OF DIRECION:-
Sir Show-son Chow, Cra da
Li Egon Chun, Eaj- P. K. Rook, Esq. Teng Tour. Em.. Chan Chery The Eng Li Lan
Tu
Faak. Eng. Fong Chu Soa. Erg and Kao Ying
Pa. Lug
Amoy
Bateria
Bamba
Calcutta Cantina
Kan Tone Pi. Eng. Chir! Xanager. -.
Li The Fong E-q. Suurer.
BRANCHES AND AGENCIES --
Huphong Hanke !ធ
Бебет
Kowloon Loodos
Kumila
Malheuraa
Ni
York
Ch
Shangha Singapore Kobay
Parin
Peipias
Penanc
Hamerica
Saloon
Ewan Francisco
Hydney
Taihoice
TiniD.
Toky
Fascourer Yokohama
Every description of Braking and Exchange Invizons tracemcted, Losos, granted, on, appessed.
Securities,
Current Locmense opened in Loo! Currency and Ford Emigrenier recrived for one your or aborter perioda in Local and Forsign Currencies on term which will be quoted on applicxtáza..
-Safe Deposit Bergen To Ins
HAN TONG: PO,"
Catro Calcutta
Colombo Copenhungr
Dubles. Edinburgh
Geners
HAYT Haidathur Interlaken
Montre
Turis Peiping Palermo Rotterdats Roc
Shanghai Southampton
Branches of American Express Company in Principal cities of United States of America and Canada.
Hong Kong sub. coin
NEW YORK STOCK EXCHANGE
Latest Quotations
August 20
The following quotations were re-
All classes of Commercial Banking{ceived by Reuters Transactions undertaken.
Personal investment
handled.
Beach
$74% a
HK and W. Dock $8 b Providents (old) 65 cts. Providents (new) 20 cts. n. " Hong Kew: Sh. $240 m., • New Engineering Sh. $4 n Shanghai Docks Sh.$78 r.
Cotton MM«
Ewo Cottons Sh. $7 a Shanghai Cotton (old)
$65 IL
Shanghai Cotton (new) $40 n. Zoong Sings Sh. $834 n. Wing On Textiles Sh. $25 n Lands, Hotels, etc.
South Africa has remained the best of the Dominion outlets. ST
though fancies have sold rather 86%
well for Australia and Canada. 8634
Enquiry from South America has g New York Sugar:------
resulted in useful lines of poplins No. 1 No.3 No. 1 No. and finishing clothes for the
Con. Con Con. Con Argentine.i
Sept
*2.49 2.65 241 267
2.54
H.K. and S. Hotel $3.60 b. and sa. Jer (1936) 221 213 225 215 COTTON PROCESSING
HX, Lands $28 b
TAX IN US.
Everything
gone.. BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
close 10.20 13.00 accounts XY/London 198 498 4987
N.T. Cotton
Chief Manger.
The Company ofers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and NY. Rubber
Dec. in addition, the world-wide services
Oct
May
11.32 11.05
1136 11.39 11.101112
March
$2.13
216
of its thoroughly equipped Travel C. Wheat
12.04
ST 8941
12.00b 12.03
HK Lands 4% Debentures $100,
May
218
2.22
New York Silk:—
91
Shanghai Lands Sh. $201⁄41⁄2 n. Metropolitan Lands Sh. $10 m.
September
1.70
170
#
75% 5632
December
162
Humphreys $71⁄2 1.
March
161“ 1.63 -1.62
DISCONTINUANCE OPPOSED
HEAT
H.K. Realties $4.
Montreal Silver
£3%
Con Gas N.Y. 31% Elez Bond &
Share
17 General Motors 42-
31
17
17
42%
Chinese Estates. $88 z
China Realties. Sh.54 n.
Public Utilities.
September
December
CONTROL OF IMPORTS OF JAPANESE COTION GOODS
TAXES
China "Debentures Sh.$123 n.
January
March
WATER
Int Tel & Tel 11% 11% Loew's Inc
12
H.K. Tramways $12.60 n. ex. div.
Montgomery
Ward
Manager
eď.
Tel 585
40%
34 3434 23% 2375 24
45% 46%
41%
41%%%
Peak Trams (old) $7% n
95%
Peak Trams (new) $5. n.
Star Ferries $78 b
Yaumati Ferries $17.60 1
45%
C. Light: 48 b., $8/8.10 sa
45%
THE CHINA & SOUTH SEA BANK, Department. E. W. DUGGAN.
LIMITED
(Incorporated in China) Head Office...Shanghai
Capital
Reserve
Branches
$7,500,000.00.
$1,500,000.00
.........All Important Cities
in China.
Foreign Exchange Business treanclad..
and
Gebral Banking
Current and Saving Accounts opened and Fixed: Deposita rermined for 900 year or shorter periods
at mazes which will be gusted ou appilention.
"
SOU Z CHANG.
TONG KONG BRANCH:"
24. De Toruz Road, Coutral.
Manager's Offen
Foreign Exchange Dep
General Offer
Cashier's Offor
Sept. Dec. Manager C. Corn Sept. 745 Dec.
55% STOCKS:-
THE WING ON BANK Amer Smelting 43
LIMITED.
Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000
LONDON BANKEES — Westminster Band, Ltd
NY. Central Foreign Exchange and every des- Standard Oil cription of banking business transact- NJ
U.S. Steel
Current Accounts and Savings. Ac-| counts opened. Fixed Deposits : res
ceived at rates which will be quoted RAW RUBBER PRICES
on application. Special rates given and for Special deposits.
Trusteeship and Executorship Latest Quotations From dertaken. Safe Deposit Boxes for
THE YOKOHAMA SPECIE BANK | hire.
LIMITED.
Established 1880
Capital (fall paid-up) Yen. 100,000,000 Reserve Fund ***** Yen 125,800,000
Alexandria
Batavia
Berlin
Head Office:-TOKOHAMA
Brancher and Agencies at:
Nagasaki *Nagoya
New York Osaka Paris Peiping Rangoon Fengthen Mukden) Rio de Janeiro Hamburg
Bombay
Galcutta
Dairen (Dalny).
Hanko
Farbia
Hong Kon
Honolula
Asinking
Karachi
Kobe :::
London
Los Angeles
Moj
San Francisco.
Seattle
Semarang
Shanghai
Singapore Sourabaya
Sydney Tientsin Tokyo
Tringtan
Interest allowed for Current
(for fired
to be obtained on
Hong Kong, 11th
L GOCKCHIN Asst. Manager
Singapore
-PHILIP: GOCKCHIN
Chief Manager
Messis. H. E. Joseph & Co. have LI SHU FONG.
Asst Manager received the following Straits Ca
renéy quotations from Singapore for Raw Rubber
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up $5,000,000; Reserves 2001 $7,300,000; Capital Savings Dept $500,000; Reserve Savings Dept: $500,000. - Head-Office Shanghai MAN A Bank having as its mission the industrial development as China and the fostering of her commercial relations abroad, Hong Kong Office
7, Ice House St..
Phone 81481-2-3
(Continued from Next Colman)
Spot 19% Up b, 19% October-December 20 Up
20
January-March (1936) 20% Up
by 21 s.
Best
April-June (1936) 211⁄2 Up
b. 21 s Market: Firmer-
PROMOTION OF SILK
INDUSTRY
New Co-Operative Society
Canton, To
According to the regulations for With a view to promoting their
before
society will business, the silk good the silk pro-in Shuntek County are: shipped. It a silk improvement -
materials society. Its duty is to Its mernberz goods for its members.
(Cont at Foot of Preced
COL)
H.K. Electric $59 b Macao Electrics $20 n.
Sandakan Light $35.
Telephones (old) $20.60 i Telephones (new) $8.20 m China Buses S2,114 1. Singapore Traction 10/6 n. Singapore Pret. 22/6 b.
Want Industriais Malabon Sügar $81⁄2 z. Caid, Macg. (Ord.) Sh$1972 Cald Macz (Pref), Sh$13 n. Canton Ices $1.80 m. Cements $34 8. HK Ropes $2 1.
Stores, etc. Dairy Faqs $15
b. and sa Watson $3.05 b. $3.10 ga. Lane, Crawford $3 m. Mackintosh #TA Sinceres $3.30 h. Wm. Powells 70 ets, n Wing On (B
Entertainn SC Eater Marzo Grey Construct
65.20 65.20 65.35 65.55 65.500 65.60m 65.80n 66.00
IS SUGGESTED
Washington, To-day. The special" Cabinet Com-
BOARD OF TRADE.mittee which has been studying
REPORT
Index Of Industrial Production Down
London, To-day.
the textile industry yesterday opposed the discontinuance of the cotton processing tax
Among other recommendations the Committee suggested control of the imports of Japanese cot- ton goods, preferably by means The Board of Trade Index of of a “voluntary and friendly industrial production for the June agreement with Japan, and also quarter is L6 per cent. less than recommended the establishment for the March quarter, but 62 per of a continuing committee to cent greater than for the June study the problem of regional quarter of last year, the numbers wages and differentials in the tex- for the three periods being 1112, tile industry, and also the rejec 113.0 and 106.6, respectively. tion of the proposal that raw Each group index for the June cotton now financed by the quarter of this year shows an im-Government be made available to provement, as compared with the manufacturers for the proc same quarter of last year and the of export goods, with an allow manufacturing “"production alance of 7 cents a pound-upon-
rtation of the finished product whole was vid per cent. greate
British Wireless Service--
Finance Committee
His Excellency the
istering the
ent certain
Meeting
CHITS
SAVINGS
SAVE SOMETHING START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC.
Asia Eile
Is it Insured?