BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital
$50,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA..
Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1851
Reserve Funds:
Saver....$ 0,000,000,
Beserve Liability of Pro-
prietors
HEAD OFFICE: LONDON
Paid-up Capital
Sterling
*£6,500,000
20,000,000
Reserve Fund
„ES,000,000 £3,000,000
HEAD OFFICE HONG KONG :
Reserve Liability of From
prietors
£3,000,000
BOARD OF DIREXTORS.
5. H. Doctweil. Eng.
Chairman 11
CC Light, Eng
Depazy Charrosh
Chic Naange.
W. H. Bell, Esq. S. Morrison Esq., Caletta
V. X. Graybara, Eng-
Agencies and Branches:
Bangoon
Kaigre
Semarang
Seremban Shanghai Singapore
THE CHINA MAIL,” SATURDAY, AUGUST 31, 1935
MANCHESTER MARKET
ommerce and Finance
Confusion Regarding
US. Intentions.
CONSIDERABLE APATHY AS TO FUTURE POSITION
Messrs. James F. Hutton and Co in their weekly market, re- part, on July 31, state:-
SHARE MARKET
Messrs. Harriman's Weekly Report
and
NEW YORK STOCK
MARKET
Moderate Recovery
Probable
FURTHER DAMAGE TO WHEAT CROP
QUARREL OVER
NATIVE SUGAR
REGISTRATION
Stated For Benefit
Of Farmers'
BUT BITTER OPPOSITION BY GROWERS AND MERCHANTS
In their market report. Messrs. S. E. Levy and Company, corres-
(From Our Own Correspondent) pondents for Messrs. White Weld
Canton. To-day. and Company, New York, state:- Comic relief has been added "Stocks: Judged on action alone, to the tense situation, created
the
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE Undersigned have received
Auction
Tinstructions to sell by Pablie
On Tuesday, the 3rd. September 1935
commencing at 10 am- At the premises of the late South China Motorship Failing & Repairing Works Ltd To Kwa
an Road, To Rs WAL THE MACHINERY AND STORES
1
Catalogues on application.
On View now.
31st August 1985. Messrs. G. A. Harriman
is further moderate recovery is by the agitation of the sugar La's weekly share report and
in opposing probable over the week-end, but no merchants Market review issued at noon to-real test of the markets' position is registration of native sugar on
LAMMERT BROS. day states:-
kely until after the holiday. the ground that the measure is
Auctioneers. designed to control prices to Very little enthusiasm has beenBusiness done: 830,000 shares.
induce the merchants to sell Hong Kong, 31st August, 1985. "Grains: Private estimates are their sugar to the Government shown by
in our buyers There has been little of import-market during the week under re-expected to confirm further damas plants at a low figure.
to the wheat crop. The wheat Foreign Exchange and General Baxting doesnemance this week to affect the view suggesting that the Italo-market appears to be at an attrac-|
Alor Come
Amrit
Moile Ipa
Bangkok Batav
Karachi
Klang
Barn.bar
A. H Compton Esq.
CARDO
Lampar
MT. Johnson, Ell-C Hon Mr. J. J. Patesson Afiskin, Esq., T. E Pearce, Esq D
Capore
Aching
bapa
Taiping
Colombe
Manilo
Medum
Haiphong
New York
BRANCHES
LONDON
Rasburg Hanbor Farbir Boug Kong
Piping
(Bhuket). Tsingtao
(Peking) Prasiy
Zamboanga
MALACCA
MANILA
ANOT
BANGIOF
BATANZA
BOMBAT
CALCUTTA,
CANTON CHEFOO COLOMBO DAIREN FOCHOW
BATPHONG
HAYRUNG HANKOY
HARRIN
HONGKEW
ILOILO
IPOR
JOHORE
SOME
KOWLOON
MUAR (Johore)
MURDEN
NEW YORK
PELPING
PENANG
BANGOON
SAIGON
SAX FRANCISCO
KUALA LUMTUR
SHANGHAI
SINGAPORE
SCHURABATA
SUNGHI PATANI
·TTENTSIK
TURTO
TSINGTAO YOKOHAMA,
Current Arrats, opened in Local Currency and Freed Depite zeeived for one war o shorter purinda in Loral Currency and Sterling on to which will be quoend de soplication.
Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK
Trasanciad
2
Established 1912.
*
Authorised Capital
Prid-up Capital Total Resources
8,655,000
have assumed an
Indian Trade Still Dull
3
sec
American
CHURCHES
FIRST CHURCH OF CHRIST. SCIENTIST.
The official newspapers. and news agencies have carried re- Total sales: some five buying level. Ethiopian crisis has had
certain public ports stating that Current Accounts opened and Fixed Deporte Seneral trend of prices, but the
Wheat: 21.674.000 bushels Cor bodies are in favour, of registra merited for one yene or shorter periods at outlook has been mainly bearish.
Rates in moet which will be quoted on application.
There still seems to be some con-effect.
suffered decline and 6.376,000 bushels
tion. This propaganda is to offset fusion regarding intentions in the trons A. BREARLET.
new crop even investment issues gave way- "Cotton: Further beneficial rains the many circular telegrams by Manager. United States as to
loans, and locally little weight is Hong Kong Lands reached a new in the West have been reported, the sugar merchants and farming Hong Kong, Ist Jammary, 1935.
attached to semi-official statements, low level of $26, at this figure 3 but heavy and somewhat injurious bodies who are opposed to regis-
Branch of The Mother Church, Both crop and weather news con- fair volume of business changed rains in the East are delaying the tration.
Christ, Sugar merchants and farmers The First Church of nue to be favourable and in the hand Hong Kong Trams were crop movement
Boston, Mast growing cane oppose registration. Scientist, in THE BANK OF CANTON, LTD. absence of outside support values a share easier and were on offer
"Flash: The American Railway as it amounts, they say, to a con-USA) easier level at $12.15. Hong Kong Electrics There still exists a lot of apathy in spite of the declaration of the Association estimates carloadings trol of the sale of this commodity Macdonnell Road, Below Bowen
of and restriction of their business,
Road Tram Station. Head Offices-Hong Kong on the part of market operatorsfinterim dividend of $1 per share, at 626,000 cars, an increase
Sunday Service-11:15 am. regarding the future position at-eased off somewhat and could be 19,000 cars from the corresponding while the circular telegrams ad- Telephones (period of last year. Monday vocating registration declare that $11,000,000 though it is generally agreed that obtained at $58.
Subject:- CHRIST JESUS. 200 prices are of a good basis for (old) after having been done at September 2 is a holiday in New the scheme is for the good of the
20.30/45. receded to a selling York and all
markets merchants and farmers. These Wharves rate of $20.20.
were will remain closed on Branches: Canton, Toishan, Shanghai buying.
that day-contradictions in terms show the
The Sunday school is held on Hankow, Bangkok & San Francisco.
[Sunday Morning at 10 o'clock In certain sections of the mar-dormant but there were small The Canadian markets will remain paradox of the situation. London Bankers: Lloyds Bank, Ltd.
Dairy Farms opened."
Those bodies which are in Wednesday Evening Meeting at 6 Foreign Exchange and Banking ket slightly better reports have buyers at $76. basiness of every description trans-been given out regarding enquiry. strengthened to a buying rate of
pear to have any direct connection dress open Tuesday and Friday, Ferries Current Accounts opened and Fixed A good deal of price testing has $15.60 with sales reported at $15 The following telegram was re-favour of registration do not app Reading Room at above ad-
imceived last night:---
with the sugar industry and issue 10 am to 12 noon, Monday and FOR TEL INING KONG AND SHANGHAI Deposits received for one year or taken place and although the 15/90 Star
shorter periods at rates which will be aggregate turnover has not shown proved a little with business put The Government Cotton Pool their manifestoes merely to please Thursday, 5.30 to 7 pm
appears to be liquidating its hold-the provincial authorities.
Public is cordially invited to at- quoted on application..
tend the service and visit the Safe Deposit Boxes (various sizes) much improvement the general through at $79. Minor issues had
trading prospects remain rather slightly easier tendency. China ings of October cotton and rein- for hire
Reading Room. brighter. For India there is still Lights were dealt in at $8.10 to stating July options. Chief Manager a lack of bulk business and only $8-20 closing in demand at the former rate. Hotels had enquir-
Latest Quotations Calcutta has taken dhooties in any
ies at $3.40. sellers asking $3.50. (weight. Occasional sales bare taken place in mulls and nainsooks Cements came to business at the
The following quotations weTE AMERICAN EXPRESS COMPANY, for Madras, Karachi and Amrit-new low record of $280 and Pro-
vidents (old) at 55 cts. Sterling received by Reuter sar, together with a few of the
counters were rather quiet with light fancy styles Small lines in Hong Kong Barks on offer at prifted and dyed styles have been $1,060, but Unions were enquired NY./London arranged for Bombay, but in most for at $382, with business done cases the prices have been very at $387. The tone of the mar-x.Y. Cotton Oct. cat..
ket at the close is dull.
The Bunken of the above Bank in conduct ed by the NG KONG AND SHANGHAI BANKING CORPORATION. Balas be obtained on explication. BANKING CORPORATION
V. Y GRATEĽRY,
Chief Maogar.
Hong Kong, th February, 1935, ()
THE BANK OF EAST ASIA, LID.
Authorized Capital -... Paid-up Captai
-$10,000,000.00
Reserve and Cadivaónt Profita -$. 2,430,000,00
HEAD OFFICERING BONG
10. De Toux Bool Central
BOARD OF DIRECTO:-
Sir Show-not Chow Ci
Li Boon Chub, Eng. P. 5. Kwok, Eq.. thong Tue Tous. Ex Chan Ching Thek, Eng. In Lan fiane. Eng Wong Chu Sou Ing. and Exo Ting Po. Esq.
has Toer Po. Eng. Chief Kanager.
Li The Foog. Eng. Marnie.
BRANCHES AND AGENCIES 100
Merte
Seatin
Shanghai
Singapor Sourabaya Snow Sydney -Taihuku
Amoy
BOT be
“Nagano'ki
Calcutta CARDON Haiphong Bankow
New York
Omaka
Para
Booola's
Pripiar Prin
Клабо
F
Vie
Kawbone Losdon
токто
Pan Francisco
Vannopter
Tokohama
Eve cription, of Becking, and Exchange banizmus transacted. Losas granted, on appenved
'encaritim.
Current Accounts opened in Local Currency and Fixed Deposits; received for one you or shorter periods in Local and Foreign Currmacies on terms which will be quoted on application.
Safe Deposit Boxes To Let
BAN TONG, PO,
Chief: Manager.
acted.
LOOK POONG SHAN,
THE
INC.
Head Office:--65. Broadway, New York
Capital Surplus
Reserves
US$6,000,000.00:
2,183,633.06 870,731.05
BRANCHES:-
Amuterdans
Antwerp Athene
Gence Glasgow
The Hacks.
A stunt
Hamburg
Bale Terlin Kombay Besten Breimanis Catro Calcutta
Carne
Coloraho
Copenhagen Dublin
Elinbarth Florence
Gener
Branches
THE CHINA & SOUTH SEA BANK, handled.
LIMITED
(Incorporated in. China)
Head Office
Capital
Reserve
Branches
Foreign
Exchange
Businem transacted.
Shanghai
$7,500,000.00
$1,500,000.00
All Important Cities
in China
and Ganeta).
Banking
Current and Saving Accoumia opened and Fized Deponita, sed for one year or shorter periods. at, razen, which will be qouted an application.
SOU Z CELANG.
HONG KONG BRANCH:
Manager.
24. Der Voriex Road, Central
Hanger's Office
Georral Ofice.
Foreign Exchange: Days.
Cashier's Omor.
Tel. 38383
THE YOKOHAMA SPECIE BANK
LIMITED...
Established 1880
Capital (full paid-up) Yen. 100,000,000 Reserve Fund Ten. 125,800,000
Bead Office:-YOKOHAMA
Branches and Agencies at:
Alexandria
Batzv
Berlin
Nagasaki
Nagoya 2 New York "Ozaka
~Parisek
Fengden Minden). Rio de Janeiro
Bombay
Canton
Peiping
„Dairen (Dalny)
Rangoon
Bamburg
Sabin
Hong Kon
San Francisco
Seattle Semarang, “ Shanghai
agapore bayz Sydney Kentsin
Biurkow
Honolulu
Hsinking
Karachi.
Kobe.
London
Los Angeles
Manila-
Moji/z
Interest alowed for
„Deposits)
zates to be
Hong
Have Hedeberg Interlaken
London.
Liverpool Lucerne
Luzer
Macneitina
Konte Carlo
Manila
Munich
-Montreux
Kola Vre Xaples Pract. Tarje
Pelping Palemo Rotterdam Revie Shanghai
Sasthampton
Singapore Tientsia Taormina Vient Tonice Takojuma
Zurich.
of American Express]
investment
accounts
also
Dairy Farms $15.75/15.90. Providents(0) 55 cents. Cements, $2.80.
The Far East
Business during the week has Small sales have been transacted for Java and Singapore, principal-been done at the following prices:
H.K. Banks $1060/1070. ly shirtings and fancles for the latter market Odd lots are re- Unions $381. ported to have been booked for Hong Kong and the Straits Settle- ments, but China business gen- erally has been quiet. A few of the standard speciality lines have! been under offer for Egypt but limits have been too low to be workable.
H.K. Docks $9/9/2
H.K. Electrics $58.90/59.-- Antamoks 76/78 cts. Star Ferries $79--- Telephones (0). $20.30/20.45.
Gold Rivers 6 cents.
Baguio Gold 244 cts..
H.K. Lands $26/28.
cross-rate
20 Utilities. 40 Bonds
11 Commodity
Index
40 up 34.83 34.92 .09 up 24.88 25.21 33 up. 95.80 95.96 16 up
52.63 $52.52 11 off
Business Done:-830,000 shares.
COMMODITY PRICES
The following quotations have been received by Reuter.
Prev. Yesterday| Closing Closing
January March
NEW YORK STOCK December
EXCHANGE
Prey, To-dayTM*!
Plose close New York Cotton:-- October 4.97% 4.96% December 10T 10.42
10.47
10.42
10.42
10.46
NY Rubber Sept. 11.89 11.29 Chicago Wheat Sept. 87 Chicago Corn Sept. TI Montreal Silver -Dec. 65.79
January (1936) 10:43
10.49
86%
March
10.49
10.55
7234
May
10.51
10:57
65.40
July..
10.51
10.59
Silver Official
65%
65%
Spot
10.80
10.75
Dow Jones Averages
New York Rubber:-
September
11.89
11.79
| 30 Industrials 126.95 127,35
20 Rais
December
1213
T2.04
12.20
12.12
12.33
12.25
May
1246
12.39
Chicago Wheat:---
September
87
$6%
December
89
88%
May
90%
903%
Chicago Cora: September
71%
5634 57
May
58
5814
Winnipeg Wheat:
Angust
October
December
August 31
New York Sugar:——
The following quotations "were 're-
Last
Sept
close 10.20
1100) Dec
Jan (1936) 2.20¤ 201 March
2.02
May NY. Rubber
Dec. atic. Wheat
#4 Sept.
Dec.
37 89
10.47 10.47 10.48 10.51. 10.53 10.55
12.13 12.05 12.06
86% 88
May
$206
New York Silk:-
September
December
March
176 167 1.68
Montreal Silv
C. Corn Sept. 71
Dec.
36
(71% 57
September
December
January
65.00 65.79 65.85m
STOCKS...
Union Insurances $3871⁄2. H. K. Docks $91.
March
66.15
66.25
Providents (Old). 55 cts. Hotels $3.60.”
Amer Smelting 44% Con Gas N.Y. 27% Elec Bond &
45% 45% 2872 273
Electrics $59.
Latest Quotations
Other Markets South America continues to do Company in Principal cities of United a steady business in printed and
C Lights $8.10/8.20. States of America and Canada. finished dress cloths together with
Warp Satins. Oddments of finish-N
HK Stock Exchange Weekiy All classes of Commercial Banking
ling cloths have been in demand for Transactions undertaken
the Near East Although West Report issued at 3.15 pm Friday, Personal
smaller 30th August. Africa has bought a scale than lately some orders have The past week found very little] The Company offers to intending been placed for bafts and fancies change in the market Banks and Travellers the use of its Travellers Many of the standard printed Unions changed hands during Cheques" and Letters of Credit and cloths have been enquired for but the week from $1100/1050 and aived by Heater in addition, the world-wide services of its thoroughly equipped Travel little trade has resulted. Grey $390/385 respectively. Department
cloths for finishing abroad have were weaker on small liquidation EW. DUGGAN, been in some request for the closing with buyers at $27 Utilities
Manager Scandinavian markets.
were neglected Telephones being NY/London 497% 496% 496% on offer at $204, Lights at $8.20, NY. Cotton
Oct. Trams at $12:20 and Electrics at $58. Dairy Farms continue în de- mand at $15.75 and Cements at $3
sellers without attracting these rates
THE WING ON BANK LIMITED
Head Office: Hong Kong 25, Des Voeux Road Central. Authorised Capital $10,000,000 LONDON BANKERS:-
Westminster Band, Ltd.
SUGAR CANE MERCHANTS SUPPORT GOVT.
Canton, To-day-in support of the Government decree of compul- sory registration of native sugar, the Cane Sugar Co-operative So- ciety of Pan Yu County and the Progressive Reconstruction So- Foreign Exchange and every des ciety yesterday circulated tele- cription of banking business transact-grams declaring that they will abide by the Government's order.
Current Accounts and Savings Ac-They are strongly urging the Gov- counts optaed. Fixed Deposits re- ceived at rates which will be quoted erament not to swerve from Its on application Special rates given Purpose Central Press.
for Special" deposita, ma
Trusteeship and Executorship, up-
dertaken. Sale Deposit Boxes for THE MERCANTILE BANK OF
hire.
PHILIP GOCKCHIN
1. GOCKCHEN. Asst. Manager
A Chief Manager una
LL SEU FONG At Manager
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED. (Incorporated in China)
Capital paid up $5,000,000. Reserves ea. $7,300,000, "Capital Savings. Dent... $500,000,| Reserve, Savings Dept. $800,000% Head Offices Shanghai (Pend
A Bark having cas, its “mission" the industrial: development i China, and the fostering of her commercial relations abroad. Hong Kon 00
INDIA, LTD.
·HEAD OFFICE:
35. Geneschurch Street, London, ECA
Authorised Capital £3,000,000 Subscribed Capital ... 1,800,000
Capital~.....
Lands
BUSINESS DONE DURING THE WEEK
Cements $2.80.
84
··83% 82% 82 82% $2
LOCAL NEWS BREVITIES
The
The Equine Sports Club, Shatin, will be opened to-day by Mr. Lawrence Kadoorie at 4.30 pm
Three cases of diphtheria and six cases of typhoid fever (four imported) were reported as bay- ing occurred in the Colony dūring the 24 hours ended on Thursday.
A Tea Dance will be held at the Repulse Bay Hotel to-morrow at 4.30 pm. There will be a half- hourly bus service operating dar- ing the afternoon.
The second annual concert of the Fourth Hong Kong (Murray). and the Fourth Kowloon (Gar- rison), troops: will be held in the China Fleet Club Theatre Wednesday, October 16"
Among the passengers booked from Europe to connect with the RMS. Empress of Asia, which is due at Hong Kong on September 14. are the following: Mr. D. L. Pro- phet, Mr. and Mrs. E. V. Haine, No. 1 No.3 No. 1 No.3 Miss N. Britton, Mrs. Mary Bell Con. Con Con. Con Davies, Miss Phoebe Brown, Sir
248.
2.46 Frederick Leith-Ross & Party. 2.70 233 2.65 - 231)
2.20 200 Next Monday, the General Fost 2.02 Office will be open from 8 am to 2:06:10 am. and the Branch Post Offices from 8 am to 9 am. There will be one collection from the pillar boxes and one delivery of ordinary correspondence as on Sundays, and one delivery of registered corres- pondence at 9.30 am The Money 65.40 Order Office will be entirely closed.
65.30
€5.601
The RMS. Empress of Japan is due here next Wednesday mor ning from Manila and will leave for Vancouver, tia Shanghai and
12% HK. SHAREBROKERS ports, at poon next Friday.
Share
12 1234 General Motors 42 18 4234 41%
Dairy Farms $15.65 $15 at Tel & Tel 10%
$15.90 $15
Antamoks 78 cts.
CHANGES (3.15 pm) CLOSING
QUOTATIONS
NO CHANGES.
Loew's Inc 40% Montgomery
Ward
NY Central Standard Ol
NJ U.S. Steel
40%
10% 10% 40%
34. 34% 34 2232
4574 45% 45% 43% 43% 43%
Reserve Fund & Rest. 1237,330Bank For Irrigation And
The Bank of England 2 Midland Bank, Ltd.
Bomb
Calcutta Colombo
Galle Hong Ko Howrah
*ERANGÉLIAS – Joolz New York
·Kandy c
PER KAMP. Fort Louis
(Maurition)-
•Kesla Lamper › Flawglad "Kosatan" (Palanggi Simiä j
Water Work Reconstruction
Canton, To-day Mr. On Fong the Economic Committee. Po. Commissioner of the Depart The petition expounds clearly ment of Finance, and Mr. Wa Kal the necessity of creating the bank, Yin, Councillor of the Provincial the purpose of which will be the Government, have co-signed a lending of money for irrigation, |
etc. ition urging that a Bank for dyke building and Trustee and Executorships under- rigation and Water Work-Re- The bank, if organised, will derive
Me constinet
this its capitai be establi
fed to the by the Plant Deposits as Hakan, that many be, moestand petition has been forw
HONG KONG BRANCH" Tawy Zanoriptiontzat / Domking, and" "Exc bomingum tenensched.
Hong Kong, 24th July 1985;
ASSOCIATION
Stock Report
The following report was issued by the Hong Kong Sharebrokers Association yesterday afternoon.
Banks $1040 b
Unions $382 b
Douglases $35 b
Steamboats $335 b.
Antamoks 771⁄2 cts. b. 781⁄2 cta
578 cts. S
Baguio Gold 25 cts. b
Beng Consolidateds $11 b Big Wedge 1032 cts, bim HK Docks 392. Star Ferries $781⁄21⁄2 Lights $8.10 b. $3.2
Canton Ices 31% b. Ropes 1.90 b... Dairy
Watsons
Govt
Is It Insured?
LOWES RATESARS
American
Head Office
QUALITY
PRINTING