BANKS
·HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital Issued and Fally Paid-up Reserve Funds:
- Sterling .. € 6,500,000
Silver $ 0,000,000- Reserve. Liability of Pro-
prietors
$50,000,000)
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
20,000,000; Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON Paid-up Capital 20,000,000 Reserve Fund.
HEAD OFFICE HONG KONG..
DOARD OF DIRECTORS, 5. Dodwell Eng Chairman
C. C. Knight. Eng.
Reserve Liability of Pro
prietors
LES,000,000 £3,000,000
£3,000,000
Alor Star
Amrit
Barriok
Tailo Ipad Karrobi
Agencies and Branches: Rangoon
Saigeo
Semarang
Klang
Seremban
Timber
Shanghai
A. H. Compton Esq
Calcutta Carton
Caber Colombo
Singapore
Сигирия
Fording
Madras
Testim
Medan
Touskak
Haiphong
New York
Piping
Hankow Harbin
(Peking)
Deputy Chara
V. 31, Gryburt, Esq.
Chin Kanget.
W. H. Bell, Esq., K. S. Morrison Esq Cavapors
M. T. Johnson, E$T, DAS Hon. Mr. J. I. Paterson,
G. Miskin, Esq. T. E. Pearce, Esq, Hamburg
ANOT
BANGKOK
BATATIA
BOMBAY
CALCUTTA CANTON
CET FOO
COLOMBO DURES FOUCHOW
HAITHONG
HAMBURG HANKOW HARBIN
HONGKET
ILOILO
POH
JOHORE
FOBF.
KORLOON
BRANCHES---
LUNDAN
LYOSS
KALLOCA
MANIZA
YEAB (Johore)
МЕТРЕХ
KEW YORK
PEIPING
PENANG
RANGOON
SAIGON
SAN FRANCISCO
KUALA LUMPUR
SHANGHAI
SINGAPORN
SOURABAYA
SUNDER PATANT
TIENTSEN
JOEY
TSINGTAO
TOKOHAMA
Current Acrounds opened in Lare? Currency and Fixed Deposide reved for noe mer or aborter pericula la toral Carency and Sterling on term which will be queteď un application
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
The Bunions of the above Rack in eundues
ed by the HONG KONG AND SHANGHAI BANKING CORPORATION
obrained on application.
But may be
FOR THE RING KONG AND SHANGHAT BANKING CORPORATION.
· IL GRATECEN
Chief Manager.
Hong Kong. th February, 1935.
THE BANK OF EAST ASIA, LTD.
Hong Loog
PLOADE
Sitiawan Kouraknya Taiping
(Bhular) Tringto Yokohama. Zamboanga
Forsign Exchange and General Backing Duxin
tracached.
Cart Accounts opened and Fixed Deponi
received for one year or shorter periode si zados 1which will be goosed on, application.
A. BREARLET,
THE CHINA MAIL FRIDAY, AUGUST 23,
and
Commerce
Finance
SILVER ENQUIRY IN US.
Special Committee Organised
Washington, To-day.
The special silver investigat- ing committee, headed by Sena- tor Pittman, was organised yes terday and agreed to push for a vote before the adjournment on McCarran Bill. repealing the certain sections of the Silver Purchase Act-
The measure would repeal the 50 per cent tax on silver trad- Mazagering profits, authorising the na- tionalisation of the metal and licensing for exporters and im Reuter.
Hong Kong, 1st January, 1935.
THE BANK OF CANTON, LTD. |porters.
Established. 1912.
Head Office:-Hong Kong
Authorised Capital
Paid-up Capital
Total ResourCES
$11,000,000
8,655,000 32.170,492
LOCAL DOLLAR STEADY
Forward Silver UpTM
steady, The local dollar is opening on demand this morning at 1/11-
to
Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco." London Bankers. Lloyds Bank, Ltd.
Foreign Exchange and Banking business of every description trans-
"Spot" silver was steady at 29 acted.
Current Accounts opened and Fixed and forward”, advanced Deposits received for one year or 28-13/16. shorter periods at rates which will be!
The London on New York cross- quoted on application.
at £--US$4.- quoted Safe Deposit Boxes (various sizes) rate was
97% as compared with 5-U.S. for hire.
LOOK POONG SHAN, $4.9344; while the New York Chief Manager on London cross-rate was quoted at US$497, as compared
THE
AMERICAN EXPRESS COMPANY, with
NC
*Head Office:-65, Broadway, New York
Authorised Capital
$10,000,000.00-
Paid-up Capital
5.3.co0,00
Capital Surplus Reserves
Bewerve and Undivided: Páte $ 2,480,000,00
HEAD OFFICE:➡HONG KONG
10. Des Feruz Road Central
BOARD OF DIRECTORS —
Antwer Athen
Yea Tone E Chan Ching shek. Dog, Li Lan Fang. Eng. Wong Chu Son Log, and Kaa Ting Po. Enq
Reale
Berlis
Brambay
น
Brisels
Kat Tone Po. Eng... this Vasager.
Lá The Poas. Esq. MADT.
BRANCHES AND AGÈNCIES:—
Manila
Scuinte
Amoy
Batavia
Malbourne
Bombay
Calcutta
New Tark
Chucku -Prim
Semarang bough Sageporm
Canton
Haiphong
Hankom Honolulu
· Kabe
Kowloon
.London
Peipioz.
Penang
24GODE
Pain
Taibola
Tiratsin
Tokyo
bae Francisco
+
Fernan
„U.S.$6,000,000,00
2.183.633.06-
870.731.05
US$4.95
EXCHANGES
TO-DAY'S QUOTATION
Credits 4 months sight..2/4/2
LOCAL SHARES
TO-DAYS QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks
HK Bank 1,100 32
HK Bank (London) £1101⁄2n Chartered Bank £131⁄2 n. Mercantile Bank A. and
$294
Mercantile C £124 1. Bank of East Asia $761⁄4 D.
***Tomances
Canton Ins. $185 1. Union Ins. $385 2.
B.
NEW YORK STOCK MARKET
Market Slightly Lower
UPWARD MOVEMENT FORESEEN
000 shares.
SUGAR MERCHANTS IN CANTON SCORE
SIGNAL VICTORY
Registration To Be Abolished
-REMOVAL OF FORMER
RESTRICTIONS
COLONY TRADE STATISTICS
Import And Export Figures
OFFICIAL ANALYSIS OF VALUES
The Statistical Office of the Imports and Exports Department › In their market report. Maners.
reports that the combined values S. E Levy and Company, corres-
IFrom Our Own Correspondent]
of imports and exports of mer Canton. To-day-chandise during the first seven pondents for Messrs. White Weld and Company, New York, state:-
Merchants dealing in native months of 1935 amounted to *Stocks: With the exception of utility issues, the market was sugar to-day scored a victory ss78.7 millions (5391-milions), slightly lower to-day. There is over the Kwangtung Products compared with $405.6 millions nothing in the general news Sales Office, when the Provin (£29,6 milions) in the corres seriously to retard the upward cial Assembly decided that re-ponding period of 1934, repre- movement. Business done: 1676-gistration of native sugar by seating a decrease of 6.6% in the Sales Office is to be abolish- ters of Hong Kong currency and an increase of $2.15% in terms "Whest: The Trade feals that ed
The Assembly has further de-of sterling values. the United States will need over
Imparts of merchandise during - 50,000,000 bushels of Canadian cided that sugar merchants are millable wheat. We would prefer free to transport and sell native the first seven months of 1935 the longside. Total sales: Wheat: sugar without restriction, and that totalled $218.0 millions (£22.5 should millions) as compared with $225.2 37.266,000 bushels Cora: 5,110,-the preventive service
check smuggling at coastal ports millions ($16.4 millions) in the China Uzderwriters 10 cts. n. 1000 bushels. China Fire Ins. $982 n.
"Cotton: The market is a wait-and river towns and not at sugar corresponding period of 1934: a ills. All the stock to be sent for decrease of 3.2% in Hong Kong HK Fire Ins. $185 n.
ing affair.
"Rubber: Primary offerings registration is to be returned to dollar values and an increase of International Assce. $ De
37.2% in sterling values. were well absorbed and speculative the owners.
Exports of merchandise during Although the Assembly has no holdings are believed to be moder! ately light. The longterm outlook power to enforce its decisions, the the first seven months of 1935 is promising and we would act registration of native sugar is over totalled $160.7 millions (165
Total All sugar merchants are against millions), as compared mulate
of any declines.
the Kwangtung Products Sales $180.3 millions (5132 millions): a sales: $02 lots..
"Flash: Brokers' Loans during Office in registering native sugar decrease of 10.9% in Hong Kong the past week totalled $871,000,000. The excuse was to prevent smugdollar values and an increase of against $873,000,000 the previous gling, because the Once said that 25.0% in sterling values...
During the month of July: 1935. foreign sugar was imported and week"
imports of merchandise amounted The magazine Standard Statis-changed into "native" sugar.. tics reports:
The Assembly holds that preven-to a total of $26.7 millions. (228 Hides: A modest recovery Ission of smuggling does not lie in millions), as compared with $29.7 anticipated Speculators and con-jregistering native sugar, but in millions (522 millions) in July sumers should make moderate com-curbing the influx of foreign sugar 1934: a dollar decrease of 10.1%. and a sterling increase of 27.3%; mitments on any setback
at ports of entry.
$18.0 Sugar merchants also charge whilst exports totalled Rubber: Supplies are failing to show any important decline. The that the Sales Office attempted to millions (£19 millions), as com foreign currency outlook is uncer control the price of native sugar pared with $232 millions (51.7 a dollar decrease of tain and we would withhold pur-in order to buy it for the Govern-millions)
224% and a sterling increase of chases of crude rubber.
118
Shipping
Douglases $36
HK Steamboats $4 n. Indo-Chines (Pref), $30 1L Indo-Chinas (Def.), $12 n.. Shell (Bearer) 71/101⁄21⁄2 n Union Waterboats $11.
Mining
Antamoks 79721⁄2 cts. Balatocs $18 n.
Baguio Gold $2434 cts. n. Benguet Consolidated $12.10 n Benguet Exploration 13 cts. I'l Benguet Goldfield 10 cts n. Big Wedge 8 cts: - Gold Creek 30 cts, a Gold River 7.cts. n. Ipo Mining 90 cts. I Itogons 36 cts. 1.
Salacots 12 cts, Kailan Mining Ad. 12/6 1. Langkats (Single) Sh. $14 1. S'hai Exploration Sh$41⁄2 n S'hai Loans Sh $5 n Raubs ST2 ne
HK. and W. Dock $834 b. Providents (old) 65 cfs. I Providents (new) 20.cts. De Hong Kew Sh. $240 n
New Engineering Sh. $4 n. Shanghai Docks Sh.$78 n.
Cotton Mills.
-Eso Cottons Sh. $7
Latest Quotations
The following quotations were received by Reuters.
N.Y/London
---
Pret. Today's
معماء
30 Industrials 127.66 128.52 86 up 20 Rai's
35.86 35,80 06 of 29 Utilities. 22.07 27.01 · 06 of 40 Boads 96.35.96.40 .05 D
11 Commodity
Index 54.09 $3.80 29 of Business Doze:-1,670,000 shares.
On London
Venz; Goldfield $230 n.
Jose
On T.T. and demand
1,714
4 months' sight
1/11%
Docks, etc.
cross-rate
4.984 49734
HK and K Wharves
NY. Cotton Oct.....11.25 11.29 (old)N.T. Rubber Sept. 1199, 1204
On Shanghai
On demand
130
On Singapore -
$78 IL. HK and K Wharves (new)
$741⁄2 D--
1. On demand
83
Chicago Wheat Sept. 89% Chicago Con Sept. 74. Montreal Silver Dec 65.55 66.10
654 Silver Official ... 65
Dow Jones Averages.
89
74%
On Japan
On demand
163
On India-
On T.T. and demand
12834
On New York--
Oh demand
4814
Credits 60 days' sight
30%
Ou Batavia-
Shanghai Cotton
On demand
7034
$65/10.
On Paris
Shanghai Cotton (new) $40
On demand
725
Zoong Sings Sh. $81⁄2
Credits 4 months' sight
770
accounts
On Saigon-
Wing On Textiles Sh. $25 n Lands, Hotels, etc.
On demand
7214
On Manila-m
H.K. and S. Hotel $3.60 b. and sa... HK. Lands $28 IL
96%
H.K. Lands 4% Debentures $100
On demand
95%
Shanghai Lands Sh. $2016 n.
EW. DEGGAN.
Manager.
Sovereigns bank buying rate 2/-% Bar silver per o
Metropolitan Lands Sh. $10
n.
29
Humphreys $36.1.
Bar silver in Hong Kong Copper cash
110m.
HK Realties $4 ..
HOM
Chinese Estates $88 2
pár.
(old) Sh.
GAFFEY COAL BILL
IN AMERICA
Passed By Narrow Margin In Senate
Washington, To-day.
ment refineries.
with
The following table shows com-
BERLIN SHARE parative figures of imports and
MARKET
Price Trend Again Downwards
-CHINA MAIL" SPECIAL
Berlin, To-day.
exports of merchandise and trea- sure during the months of July, 1935 and July, 1934-
IMPORTS
July 1935 July 1934 Merchandise $26,745,053, $29,705,534 Treasure
Total
Caution was very marked on thej share market yesterday, so that the Merchandise
price trend was downwards.
Tressure..n
$ 1,301,300 $ 7,519,339
· $28,046,353 537,224,923
EXPORTS
July 1935 July 1934 $18,028,990 $23,240,797 $21,642,741 $ 8,326,594
$39,671,731 $31,567,491
The uncertainty shown was largely due to the increased ten-Total sion shown in the international
Since July, 1934, monthly values political situation, as indicated by of imports of merchandise into the fact that all the world is await Hong Kong fluctuated from a low ing the outcome of the delibers-Hong Kong dollar value (264 millions) in June, 1985, to a high tions of the British Cabinet
Disappointment was also felt (39.7 millions) in August, 1934; that the West German metallurg while export valnes Anctuated cal concerus indicated that the from a low of $18.0 millions in estimated dividend of 4 per cent July, 1935, to a high of $29.7 was optimistic.
millions in October, 1934.
Fixed interest securities were. dall, but prices held up, gold mort-July
Call
IMPORTS EXPORTS $29.705:534 *--$23,240,797 (£2,181,500)
-- $39,724,787
September
The Senate, by 45, votes to 37, gage bonds being erratic. passed the Gaffey Coal Bill with money was at 2% to 3% per cent. August Senator Borah's amendment dis-Trans-Ocean Service. allowing protection from the anti-
trust laws to producers complying COMMODITY PRICES October
Sourabaya „Sarutów.
Breened
Clea Calcatta Camer Cniom to Coprabigen. Dublin Edinburgh
Finmars Grnet...
BRANCHES:
Gende
ClanCom
The Bague
Hamborg Have Heidailing
- Interlake Jemmaires Inarlon Liverpool Luceras
Zawor
Vente Cado
Nucts
Munich
-- Montress-
Paris
Peiping Permo "Borwerdam
Rothe Shantami. Southampton
Singapore Telan
Tamaritaalia
Tuca Tenke Torchame Zorich
Branches of American Express: Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking
Vancoumér Jokohama Every description, of Backing and Exchange bus tracted. Los granted on approved Transactions undertaken.
aurizion #Carrent
Accoun's opened in Local Curmacy Personal and Fized. Deposite"" reczived far one or shorter periods in Loral and Forge. Currencies handled. ou terms which will be quoted, va application.
Bale Depods Bat
EAN TONG PO.
Chief Manager.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office ...Shanghai Capital -----.$7,500,000.00 Reserve $1,500,000.00 Branches....All Important Cities
China and General: Pakking:
Forrige
Exchange Business GranTARELOĞ
Current and Sering Accoeats opened and Fized Deposits reveived for one year of aborter perioda! at tates which will be quited on appäcation.
SOU Z. CHANO,
• Mannget-
·HONG KONG BEANCH:
Shop Dan Vooux Road, Central.
Manager's "Offes,"
Foreign Exchange Dept.
General Oce
Cashier's Office
izvestment
The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and,
-On demand
in addition, the world-wide services On Bangkok- of its thoroughly equipped Travel Department
THE WING ON BANK Copper cents
LIMITED.
Head Office: Hour Kong 26. Des Voeux Road Central Authorised Capital $10,000,000
LONDON BANKERS:
By Westminster Band, 14d Foreign Exchange and every des-| cription of banking business transact- od.
Current Accounts and Savings Ae- counts opened Fixed Deposits re- ceived at rates which will be quoted! on application. Special rates·· for Special deposits.
Trusteeship and Executorship dertaken.
THE YOKOHAMA SPECIE BANK hire
LIMITED,
Established 1880
Capital (full paid-up) Yen 100,000,000 Reserve Fund
Yen 125,800,000
Bead Office:---YOKOHAMA
"Brancher and Azencies at:
Nagasaki
Alexandria
Batzyiz
Berlin
Bombay
Calcutta
Canton
Кароув New York
Osaka
Pariz
Peiping
Dairen (Dalny) Rangoon Feng dien Chinkden) Río de Je
San Fran
Hamburg
Hankow
Harbin Balor
Honomin
Karachi
Kobe
Safe Deposit Boxes
*THE
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
(Incorporated in China)
$5,000,000, Capital paid up
$7,300,000 Reserves Capital Savings Dept. $500,000.- Reserve Savings Dept. 3800,DOG...
**Head-Office-Shanghai
A Bank having" as its amissioz the industrial development o China and the fostering of ber mercial relations abroadk Hong Kong Office====
IceHome St. Phone 31481-23-
ARK QUOTATIONS
Rate of native interest Chinese Sab. Coin Hong Konk shi sơn
3% pa 33% dis par.
NEW YORK STOCK EXCHANGE
Latest Quotations
igast 23. The following quotations VER 26- ceived by Benter:--|
Last close 10.20 11.00 NY/London 498 4974- 4974
Amer Smelting 48%
Share
17% General Motors 42% Int Tel & Tel 114 Loew's Inco Montgomery
Ward NY. Central Standard 07
US Steel
35
123% 234
*4675.
1576 45%
ROOSEVELT CONSIDERS COTTON LOAN
China Realties Sh.$4 n. China Debentures Sh.$123 n.
Public Utilities HK Tramways $12.60 n. Peak Trams (old)-$71 Peak Trams (new) $53% a Star Ferries $78 b. Yaumati Ferries $17.60 m. C. Light $811⁄2 b, $8.20/1⁄2 32. ELK Electric $58% b, $587- 20 591⁄44 sa
Macio Electrics $20 Sandakan Light $3-a. Telephones: (old) $20.70 s2. Telephones (new) $8.20 n. China Buses Sh$111⁄4 n. Singapore Traction 10/6 n Singapore Pref. 22/6
Industrials
Malabon Sugar $81⁄2 n. Cald. Maeg., (Ord) Sh$19 Cald: Mary (Pre), Sh418 Canton Ices $1.80
NEW LAND TAX IN January (1936) 1104
7 Counties
zu- March
Canton, To-day, December Since the promulgation of the January land tax law that which persedes the crop tax law over May 70 counties have commenced to Chicago
September collect the said tax."'.
According to the Finance De December m.partment, the other 20, counties, May
Mackintosh $7 n..
Sinceres $5.30 b.
W Powells 70 cha. n^ Wing On (HK) 155 1.
RAW RUBBER PRICES New
Latest Quotations From Singapore
Enterprises
$25.cts. I
Dee
2:15
$214
95
(£1,706,746) 227788,719
(£2,989,704) (2,091,391) $37,153,862 $29,132,184 (£2,883,294)4 (2,284,960). $38.721817 $229,655,684 (£2,983,648), (£2,409,524) $38,817,414. (3,164,024)
$38,253,151 $28,405,160 (23,227,610) (12,396,685)
$34,274,309 $26,842,725
with the code, thus making price fixing impossible, according to Senator Borah."
November
The bill will now be discussed by a Congress committee for ad- justment on this and other points Reuter.
New York Cotton:
October December
The following quotations have ass
December been received by Beuter.
Prey. Yesterday Closing Closing Jamary
February 11.29 11.25 11.08
1935
11.08 March 11.03
1102
1102 Apri
($20,581)
(22,587,756) || (££$49,409)
327,368,552 $34,175,095
0,810) (22715,503)
$25,563,192
(£2,712,717) $23,266,674
(£2,787,1 $19,059,866
EL915,580)
Exchange for "July
1935, HKS2 11⁄2d
(£2,990,059) (£2,341,696)
28,500,315
KWANGTUNG"
March
May
Collection. Begun In
July
Spot
12.00 11.03.
10.97 1097 May 11.65 11701
New York Rubber September
11.99
12:04 July
12.20
12.23
-
12.26% 12:31
1241 1245
PHILIP GOCKCHIN
Chief Manager ›
NY. Cotton P:Oct.
12.54 12.58
11.25 11.22
11.29
L GOCKCHIN Asst. Manager
LI SHU FONG May
Aist Manager
11.00
·11.07.
11.06
NY. Rubber
Dec
8934
11.20
12.18
12:22
92
89 91.
BANKS CLOSE THEIR DOORS
SEL
C. Wheat
933
93
Sept.
Dec.
-892
92
89%
91%
C. Corn Sept. 7431⁄2
Dec
Cements $3.10 by $24 82.
564
56
STOCKS:--
-43%2
HK. Ropes $2.15 b., 224 82
Stores, etc.
Con-Gas NY. 32%
32號
Dairy Farms $151⁄2 b.
Elec Bond &
Watson $3.05 b.-
in which assessment has been Chicago Coms completed, will also begin to col September lect the land tax next month. The December collection is expected to be fin- May ished before the end of Decem ber Central Press
in Kan
74%
74%
+561⁄4
55%
23-12-
57%
572
ones.
Wheat
18%
18
423L 43
Lane, Cawford $3 1.
Na. 3
Is It Insured?
$2.20
61925 6 Bds♫