BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION Authorised Capital
----- $50,000,000 Issued and Falls Paid-up
Reserve Funds—
Sterling
-
*. £,500,000
Skver
--- $0,000,000
Reserve Liability of Pro-
prietors
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
20,000,000 Incorporated by Royal Charter, 1853,
HEAD OFFICE HONG KONG.
BOARD OF DIRECTORS,
5 H. Dodre. Esq.
Chairman
Ca Raight, Eng.
Departy Conermen
T. M. Grayburn. Esq.
Chist Manne.
HEAD OFFICE: LONDON
£3,000,000
Agencies and Branches:-
Bangoon Saigon
Paid-up Capital
20,000,000
Reserve Fund A.
LES,000,000
$3,000,000]
Reserve Liability of Pro-
prietors
Alor Star
Arie
Bangkok
Ipak Kanchi
Bombay
Robe
Calcutta
Cation
Lup
| Cavapore
Cebo
Kuching
Taiping
Xenia
Medan
Tongkah
New York
(Bhuber)
Hamburg
Piping
*Twingono
| Rambow Barber
(Pulding):
Tokohama
Pabang
Hong Koor
W. H. Bell, Esq., K. S. Morrison Esq-
AH Compton Ex
II. Johnson, Ex Calome Hon. Mr. J. J. Paterson,
G. Miskin, Esq. T. E Pearce, Eaqaiphong
AVOY
BANGKOK BATAVIA
BOMENT
CALCUTTA
CANTON
CHE:POO
COLOMBO
FOOCHOW
HAITHONG
HAMRI
HARRIN
HONGKET
1POH
HLOHO
JOHORE
FOWLOON
KORK
BRANCHES
LONDON
LYOXS
MALACCA
KANIZA
MCAR Noboru)
MUKDEN
NEW YORK
PEPING
RANGOON
Seremban Shanghai.. Singapore
Setiawan
Foreign Exchange sod General Banting hominum transacted.
CHINA MAIL TUESDA
Commerce and Finance
LOCAL DOLLAR IMPROVES
Silver Prices Steady
The local dollar has advanced 11. opening on demand this mor
ning at 2/5
were
Silver prices. however, steady, "spot being at 293 and "forward" at 29 716.
The London on New York cross rate was quoted at £-US$4.945%. as compared with S-U.S.$196. while the New York on Lon
was quoted at dan cross-rate
Current Accounts opened and Fized Deporte weerved for one year or shorter palate a—US.494, as compared with which will be quoted on application.
A BREARLEY,
Manager
Hong Kong, 1st January, 1935.
KUALA LUMPUE
PENANG
SAIGON
SAN FRANCISCO.
SHANGHAI
SINGAPORE
SOURABAYA
THE
SONGFI PATANI
TIENTSIN
TORTO
TSINGTAO
TOKOHAMA
Curmet Arrogate opened in Local Onereary and Fised Deposits roeiwed for.com war Or aberser periods in Loral Carency and Sterling on term which will be quoted on application.
Hong Kong, 6th April, 1935.
AMERICAN EXPRESS COMPANY,
INC.
Head Office:
Capital Surplus Reserves
HONG KONG SAVINGS BANK
The Burman of the above Bank is contact
ed: by the HONG KONG AND SHANGHAI” BANKING CORPORATION, Bulen may be obtained on application.
FOR THE HONG KONG AND SHANGHAI -BANKING CORPORATION
T. X. GRATBURN,
Boos Tour 23 February, 1935.
Armsterdam
Antwerp Athens
Au
Berlia
Bombay Bre
Brannala Cairo
Calcutta
Chint Manager.
THE BANK OF EAST ASIA, LTD.
$10.00.000.00 5.5,800.00 $1,490,000.00
Authorised Capital -
Paid-up Capit
Reserve.and Undivided. Prose
20. Das Tour Band Central
HEAD OFFICE-JONG KONG
BOARD OF DIRECTONS:-
Bir Show-son Chow, China,
Li 3000 Caun, Esq. P. L. Krok Zg. Wog Yun Tong, Eag. Cina Chirr Shak Eng- Il Lea Fang. Ext. Thong Chu Soo. Eng., and Kan Ting Po. Eng.
A7007
Kan Take To Buy Chief HADRETT. LT Foog. Eng. Mammet.
BRANCHES AND AGENCIES ---
Manilm
Batavia, Bombay Caletta Can100 Haiphong
Sellameron.
X York
Parin
Hankow
Prigina
Honoials -
Peng
Fabe
Ruwroo
Kowloon
Sin
Fax: Francisco.
Stonebri Sizes poem: Sourmbeya
Swator buy dewy Tuhoka Lost "Tokyo Vancouver Jakobastia Every description of Backing and Exchange approved butions transacted. Los grated on
Loodos
Loot Currency Carwat Breounts opened in and Fleed Deponite received for Door [shorter perioda un Loca and Foreign Currencies on term which will he quoted on applicatícia...
Safe Deposit Boxes. To both
KAN TONG PO.
Chief Manager.
Caones Colombo Copenhagen Dublin Edinburgh Floribon Geor
BRANCHES:--
Gressos
The Hague
Havana
£-U.S.$495.
EXCHANGES
LOCAL SHARES
1935
NEW YORK STOCK MARKET
Markets Slightly Reactionary
HEALTHY STATISTICS
MIGHT HAVE BEEN
A SULTAN
Cracks Stones For 2s. A Day
ASTONISHING LIFE STORY
Capetown While Abyssinia is in trouble In their market report, Messrs with Italy, a man who claims to SE Levy and Company, corrés- The following is the list of ocal pondents for Messrs. White Wald share quotations issued to-day:
and Company, New York, state:--
TO-DAY'S QUOTATIONS
Banks
HK Bank $1,000 ₺., $1,020 33. HE. Bank (London) £104 z. Chartered Bank 2 n.
Mercantile Bank A. and
*****665
Mercantile Bank C., £123⁄4 n Bank of East Asia $761⁄4 n.
Insurances
Canton Ins. $180 n. Union Ins. $375 b.
China Underwriters $1.10 IL China Fire Ins $982 n. EK Fire Ins. $180 s.. International Assce. $4 I."
Shipping
Donglases $35 1
HK Steamboats $4 a... Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def), $12 ni- Shell (Bearer) 69/41⁄2 n. Union Waterboats $17 n
Mining
Balatoes $18 a Baguio Gold 24 ets. s. Benguet Consolidated $12,10 m Benguet Exploration 13 ets. Benguet Goldfield 10 cts a.. Big Wedge 8 cts. Gold Creek 30 cts. n.
TO-DAY'S QUOTATION
On London-
On TT and demand
2/3
$5, Broadway, New York
4 months' sight
21-2
Credits 4 months" sight..21%
On Shanghai
US$6,000,000.00 2,183,633.06 820,731.05
On demand
1311
Antamoks 80 cts. 1.`
On Singapore----
On demand
853%
On Japan-
On demand
17014
Kaplam
On India-
On T.T. and demand
133
On New York—.
On demand
**9
Credits 60 days" sight
513
Gold River 7 cts. D.
Ipo Mining 90 cts. n.
On Batavia-
On demand
73-3
Itogons 36% ets: .
On Paris-
On demand
Credits 4 months" sight.
7974
On demand
75
On Manila-
On demand
99
Hambu Have Heidelberg Interlakes Jerusalem Loodou
Liverpool
Locarna
Logo
Lazor
Kamilles
Monte Carlo
Maria
Manich
Montres
Di Parin Peipiza Paterno Rotterdam Fot Shanghal Southampto Singapore Tsorias Viereck
Yokohama Zarick
Branches of American Express Company in Principal cities of United States of America and Canada.
All classes of Commercial Banking Transsetions undertaken.
Personal investment
handled
accounts
On Saigon-
On Bangkok-
752%
921 On demand Sovereigns bank buying rate 2/1)
293 Bar silver per oz.
The Company offers to intending Bar silver in Hong Kong Travellers the use of its Travellers Copper cash
Cheques" and Letters of Credit and Copper cents
in addition, the world-wide services
--- Hom
Xlori.
par.
of its thoroughly equipped Travel Rate of native interest .. 3% pa.
Chinese sub. coïn Department
Hong Kong sub. coin
EW. DUGGAN.
Manager.
THE WING ON BANK LIMITED
Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000
31 dis par.
NEW YORK STOCK EXCHANGE
September 17.
The following quotations were re- ceived by Reute
Salacobs 15 cts.
Kalian Mining Ad. 11/6 n Langcats (Single) St. 14 n. Shai Exploration Sh.$431⁄2 n. Shai Loans Sh. $34 a. Raubs $71⁄2 1.
FOR WHEAT
were
Stocks, The markets. slightly reactionary to-day, but we maintain that securities are bullish over a long period. Busi-
be the son of the late Emperor Menelek II of Abyssinia is at the. moment cracking stones for two shillings a day in a remote part! of the Cape flats.
is known as
he Locally
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE
HE Undersigned have recer
ed instructions to sell by Public Auction
On
Friday, the 20th. September, 1935 commencing at 230 pm.
at their Sales Room, No. 35, Hankow Road, Kowloon
A Quantity of VALUABLE HOUSEHOLD
FURNITURE
Fcomprising:
Bed Room and Dining Room Suites. "Prince Zaranie" but he has any Furniture, Chesterfield thing but a princely outlook..
Carpets and Rugs, Ornaments,
he $33
•
also
A Selection of Black Wood Furniture and
One Radio Set -
the
ness done: 1,490,000 shares.
Stranger Than Fiction Wheat-The market is showing
His life story reads like the Clocks Table lamps, Gramophone la better response to statistics,
Glass Ware, Ice Chest, Porcelain Pre would pages of fiction. At one time beland Records, Cabinets, Brass and which are healthy.
Ware, Pictures, etc., etc. favour purchases and avoid bulge had hopes of becoming the Sultan buying.
Total sales: Wheat: of Mozambique. Later |16,590,000 bushels. Com: 2,488,000 with Kitchener in Khartoum and The fought through the South bushels.
African War. Cotton--The probability of a
According to his story, the solid broadening in domestic and
for American "Prince" left home when he was foreign demand actuals suggests the advisability of 19 with over $200 given him by Arabs who accumulation whenever hedge his mother. Two
claimed to be rulers of Mosambi- pressure canses easiness.
Cocoa-The approaching heavy que took him before the Sultan- grinding season and expectation a very old man and the latter of orderly marketing of Gold agreed that he should succeed
bim, but his son objected: makes Coast production
pur- chases af futures attractive.
The two Arabs collected 1,000NTINEX Flash-The magazine "Stan- dard Statistics" says that favour-followers and £600, but the
position was too strong. Zaranie able earnings prospects and constructive money market would was defeated in battle, wounded make an upward trend in stocks and had to escape to the Sudan [sound:
*
Strong Opposition
op-
To-day he is cracking stones in wilderness of Wattle Bush near the little German cemetery of New
Steel mill activity during the past week is estimated at 483 per isleben, on the Cape flats, where cent of capacity, against 49.7 pere the remains of some of the cent the previous week.
Latest Quotations
The following quotations were received by Reater-
N.Y./London
Prev. To-day's close clope
Venz; GoldSeld $2.30 n.
Docks, etc.
cross-rate
HK and K Wharves
$74 n.**
NY. Cotton Oct. (old)MY. Rubber Dec.
10.31 1141a
HK and K Wharves.
Chicago Wheat Dec. 93 Chicago Corn Dec. 57 (new) Montreal Silver Dec. 66.40
Silver Official
65
4.95 4.94 10.30 1140 95% ST
66.55 654
$72 n.
HK ard W. Docks $9 n. Providents. (old) 55 ct. 1. Providents (new), 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4 n. Shanghai Docks Sh.$78 n-
Cotton Mills
Ewo Cotton Sh$6 b Shanghai Cotton
$65
..
(old) Sh.
Shanghai Cotton (new) $40 Zoong Sings Sh. 3832 20 Wing On Textiles Sh. $25.1. Lands, Hotels, etc.
HK and S. Hotel $3.10 sa. HK Lands $2234 sa... HK. Lands 4% Debentures $100
Shanghai Lands Sh. $202. Metropolitan Lands Sh. $10 n. Humphreys $1
Dow Jones-Averages
30 Industrials 133.40 13291 49 of 36.45 36.18 27 f 20 Rails 20 Utilities 40 Bonds ...
26.11 25.85 26 off 96.72 96.65 .0% off
11 Commodity
53.50 53.85 35 up Index Business Done;~~~1,490,000 shares.
COMMODITY PRICES
The following quotations have been received by Beuter
Prev. Yesterday Closing Closing
New York Cotton:- October
10.32 10.39
earliest settlers.
BANK RATE RAISED
Precautionary Move At Amsterdam
*CHINA MAIL" SPECIAL-
Amsterdam To-day. The bank rate has again been raised, from 5 to 6 per cent, -as from September 17, by the Banki of the Netherlands, as a precan- tion for defence against new at- tacks on the guilder coming from London and Paris.
The last change was made on May 31, when the rate was raised from 4 to 5 per cent.--Trans Ocean Service.
SPEED TRIALS OF NEW LINER
Strathmore Reaches 22.27 Knots
London, to-day. The new P. & O. liner Strath- more has completed her speed trials with satisfactory results.
The contract speed of 20 knots was exceeded and the highest speed reached was 22.27 knots. British Wireless Service.
Two Enamel Baths. On View from Thursday 19th September 1935.
Terms: Cash on Delivery
LAMMERT-BROS.
Auctioneers. Hong Kong, 17th Sept, 1935.
Everything
gone..BUT YOUR SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
CHITS
SAVINGS
SAVE SOMETHING START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC.
Asia Life Building Hong Kong
Tel: 30234
THE CHINA & SOUTH SEA BANK
LIMITED
(Incorporated in China)
Head Office Capital
Reserve
Branches.
Foreign
Shanghai
$7,500,000.00 $1,500,000.00
..All Important Cities
in China
Genersi and Exchange
Besiness transacted.
Backing
Current Saving Accoutta opened and Fiară Deposite meed for one year or shorter periods
wt rim which will be gouted on application.
SOU Z. CHANG.
HONG KONG BRANCH:
Manager.
24. De Voss Road. Central.
Menacer- Ofen
Foreign Exchange Dept.
General Office
Cashier's Of
THE YOKOHAMA SPECIE BANK
LAMITED.
Current Accounts and Savings Ac-Chin counts opeaed. Fixed Deposits.re- ceived at rates which will be quoted Special rates given on application. for Special deposits.
Trusteeship and Executorship - dertaken. Safe Deposit Boxes for bire.
PHILIP GOCKCHLIN Chief Manager
İL GOCKCHIN Asst. Manage
LI SHU FONG
Asst Manager Elec Bond &
Shares General Motors-46 Int Tel & Tel Loew's Ins Montgomery
Ward N.Y. Central Standard Oil of
NJ: iU.S. Steel
43 25%
Last close
NYLondon: 495
10.20 4944.94
LONDON BANKERS: Westminster Band. Ltd. Foreign Exchange and every des eription of banking business transact
NY. Cotton
Oct
10.31
10.29
May
10.51
10.48
10:30 10.47
Lod
Dec
Rubber Wheat
11ila 11.30
11.30
December
10.30 10.31 10.36 10.30
Dec
May
93% 94
94
HK Realties $4.
January
10.40
34%
Chinese Estates $88-n.
March
10.43
Chic Corn
China Realties. Sh.$4
May
10.51
10.43
-
Dec.
57
56
China Debentures Sh.$323 n
July
10.57
10.49
May STOCKS:
57%
57%
Public Utilities
Spot
10.65 10.65
Amer Smelting 50% - 30% Con Gas of
50%
HK. Tramways $10
sa
New York Rubber:-
NT.
-26% 26-%
27
13
13 12% 45%. 46
10%
44%
10% 10% 44% 4252
THE
36
35
36%
Peak Trams (old) $51⁄2 2 Peak Trams (new) $5 a Star Ferries $78% n Yaumati Ferries: $17 s C. Light $8.05 s. and sa H.K. Electric $522 b., $53
$52/52 2
September
11:18
11.221
December
11.41a
1240
January
1147
11.48
March
11.61
11.62
May
11.75
.11.74b
s., Chicago Wheats
September
92%
-34/8
25%
Macao Electries $20. Sandakan Light 33 8.
December
-93%
95%
May
943%
96%
·434.
Telephones(old)
$18:15
Chicago Corn:-
47
$47H
$181⁄2 sa.
September
77%
79%
December ...
57
874
May
57%
572
Winnipeg Wheat:-
October
90
90%
December
90/
91%
May
99%
94%
New York Sugar: September
2.55
250
2:43
2.46
2.07
2.06
March
2.08
2.07
May
2.12
2.12
Sew York SIETY
September
1.85
189
December
174
1792
March
1.74%
179
Montreal Silver:-
September
66.20
December
January
66.000 66.55% 66.40% ¥66:35m 66.90 67.01 66.99
Established 1880.
Capital (fall paid-up) Ven. 100,000,000 | Yen. 127,450,000! Serve Fund
Head Offices-YOKOHAMA
Branchez and Agencies at
Alexandria
Batavia
Berlin
Bombay
Calcutta
Canton
Dziren (Dalny)
Paris
Nagasaki
Nagoya
New York
Osaka
Peiping
Rangoon
San Francisco.
Seattle
Semarang
Shanghai
Feng tien Mukden) Rio de Janeiro
Hamburg
Harbin
ankow.
Rong Kong
Honolulu
Hinking
Kobe
London
Angeles
Singapore Sourabaya
Sydney
Interest allowed for
site received for fixed
tes to be obtained on-
Kong 12th
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED BEE (Incorporated in China)
Capital paid up... $5,000,000.
Beserves
$7,300,000.
Capital Savings Dept $500,000 RAW RUBBER PRICES
Reserve Savings Dept. $600,000. Head-Office-Shanghai
A Bank having as its mission the industrial development or Chins and the fostering of her commercial relations abroad Hong Kong Office
A
7. Ice House St. Phone: 31453-Z-STAR
Is It Insured?
#LOWEST RATES American Astri
Fed In UE
General Agents":
AP
Latest Quotations From
Singapore
Messrs. H. B. Joseph & Co. have received the following Straits Cur- rency quotations from Singapore for Raw Rubber
Spot 1814 Unchanged-b, 18. October-December 18% Down
by 19 s January-March
-19%
(1936) Downb., 191⁄2 5. April-June (1936) 20% Down Ye
b. 20% s Market:
BERLIN SHARE MARKET
Berlin, to-day.A lack of buy ing orders caused prices certain declines points. Fixed inter were
to 3 per
reac
n
Telephones (new) $8 a China Buses Sh$11 Singapore Traction 10/6 n Singapore Pret. 22/6 b.
Industrials
Malabon Sugar $81⁄2 1. Cald, Macg. (Ord) Sh $194 Cald: Macg. (Pref.), Sh.$18 a. Canton Ices $1.80 n. Cements: $2.90 m HK Ropes $2.15 3. Stores, etc. Dairy Farms $14.30 ta Watson $3.11. Lane, Crawford $3 1. Mackintosh $72.. Sinceres $5 21-
Wm. Powells-70 ct 11 Wing On (HK) $55
Miscellaneous Entertainments $4 R. S.C. Enterprises $1.35 2. Macho “Greyhounds” $2 n. Constructions (old) $110_n. Constructions (new) 25.cts. Vibro Piling $4**
5% 1925 GSB¢
December
January
March
REICHSMARK QUOTATIONS
Berlin
Reichsmark
without guarantee) 40.27; Paris,
59.755, and
te Paris ster-
509, and the Ocean Ser
CHANNEL BUOYS
WHAT
buoys
WHAT would modern naviga
tion do without the channel those floating markers that keep ships off the shoals? In a very real sense, the advertise- ments in this paper are channel bucys, placed for your protection for the safeguarding of the family expenditures,
These advertisements are the signed statements of reputable firms who seek your patronage on the single basis of giving value for dollar spent. They are every honest statements, the only kind an advertiser can use and remam advertiser
People who get the most for their dollar in the market-places are those who keep an eye on the channel buoys. Day by day, they follow the advertisements to learn what and where to buy to the best
habit advantage. Make this Study the advertisements,
of shrewder buying.
advertisers
Keep