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, 1553. Bescive“ Funds:--
Sterling. #6,500,000 Silver
$ 0,000,000 Reserve Liability of Pro-
prietors
HEAD OFFICE BONG KONG,
BOARD OF DIRECTORS.
6. E. Dodwell, Esq.,”
Chairman,
CC Inight, Esq.
Deputy Chairman.
.. Onyborn, Ing.
Chind Manager.
20,000,000 Rererve Fand
· HEAD OFFICES LONDON “ Paid-up Capital
£8.000,003
£3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Alor Sear
Hota
Rangoon
Kaseline
Faison
Benstok
Karachi
Semarang
Kobe
Al-
Canto
Lumpur
Seremban Khathai Singapore Sitiawan
Cavaporn
Kocking
Caba
Madres
Colonte
Taiping
Manila
Medi
Tongkah
New Tock
Priping
W. H. Bell, Esq., K. S. Morrison E3
A. H. Compton B
MT. Johnson, E
Hon. Mr. J. L. Paterson,“
Batavia. Bombay Calcutti
G. Miskin, Esq. T. E. Pearce, Esq., Haiphong:
CANTOX
CHEFOO
COLOMBO TAIRES POOCHOW
- HAIPHONG
RAMBURG HANKOW HARKAN HONGREW
·DLOTZO.
IPOH
JOHORE
FOTOS
BRANCHES
LONDON
LIONS
MALACCA
MANILA
·KTAB (Jobore).
MORDEX
NEW YORK
PRIPING
PEXANG
RANGOON
SAIGON
SAN FRANCISCO
KUALA LUMPLE
SHANGHAI
SINGAPORE
NOURABATA
SUNGEI PATANI .
TENTSIX
Токто
TSINGTAO TOKOHIMA
~Carvest Aerocate opeord: In Local CareDKJ sod Find Depoelbe resized for one year a shorter periods in Local Currency and Sterling on berbe which will be quoted on application.
Hong Kong, 6th April, 1935.
HONG KONG SAVINGS BANK
The Buizes of the shove Bank-la-condomi với ba cho HUNG TỐNG hành SELGI PANKING CORPORATION. Rules they he obtained on application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V ORAYBURN,
Chief Manager.
Hang Loog. Beh February, 1985.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Paid-up Capital
Reserve and Cadivided Prodie
_$10,000,000.0
3,508,800.00 #2,480,000.00
HEAD OFFICE: HONG KONG
· 14. Den Faus Bond Central
BOARD OF DIRECTORS;—
Sir Shou-on Chow, Chai nan.
Ies. Tong, Eng.. Chan Ching Shek, Esq. Li Lan
Sang, Legia Wong Chu Som, Eng and Lan Tine
In Tong To. Zaq., Chief Maangur. Li Im Four.. Tain. Manag VERISCHES AND AGES CLES —
Mamia
Settle
Amay Baterie
Seating
Borthay Calosti Canton
Kagmatici
Shanghai
* York
Singapore
Ogika
Sourabaya
Haiphong Hankow
Paris
Svator
Pripian
Rangoo
Kowloon London
Baigen
San Francisc
Bydney Tachon
Tientsin Tokyo. Vancouver
Every description of Banking sod 2mbaars baalnews" transacted: Liones gratised on approved
Current Accouzite opened in: Loval Currency and Plond Deponite received for one your sharter periods in Local and Foreign Currvacion We tack, whśch will be quoted on applicaties.
Sale Deposis Bozen Te Let
KAN TONG PO.
Chief Manageri
Hamburg Hanzow Harbin trọng. Trong
Kiang
(Peking) Prog
(Baker) Thing
Tolsobama “Zamboanga
Forsige Excusage and General Banking basic Current Accounts opened and Fixed Deposits sventral for cos puse 'ne shorter periods at "rsion which will be quoted on application
A. ERFARLEY,
Manager
Hong Kong, 1st January, 1935.
THE
THE CHINA MAIL, TUESDAY, OCTOBER: 1, (1935
Commerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Firm
The local dollar is steady, opening on demand this morning at 2/074-
Both "spot" and "forward" sil ver prices were also firm at 29 5,16
The London on New York cross- rate was unchanged at £-US$4-| 91, as compared with US$4-|
91. while the New York on Lon- don cross-rate was quoted at TS$191. as compared with |£—US$4.914.
EXCHANGES
TO-DAY'S QUOTATION
AMERICAN EXPRESS COMPANY, On London
INC.
_U.S.$8,000,000.00
2,183,633.06
870.731.05
Liverpool
Paris Peiping Palermo Rotterdata Bome
Shanghai
Southampton
On demand
LOCAL SHARES TO-DAYS QUOTATIONS
The following is the list of local share quotations issued to-day=
Banka
HK. Bank $1,010 b. *H.A. Bank (London) £706 ♫
Chartered Bank £13 n. Mercantile Bank A. and B
1934 TL.
Meccantile Bank C. 413 n. Bank of East Asia $60 n.
Inguernces
Canton: Ins. $180 m. Union Ins. $370 b- Chias. Underwriters $1.10 n. China Fire Ins. $982 n. HK Fire Ins. $180 n. International Assce. $4 n.
Shipping
Douglases $36 a- HA Steamboats $4 n. Indo-Chinas (Pre£), $50 n. Indo-Chinas (Def.), $12 n.. Shell (Bearer) 69/41⁄2 n. Union Waterboats $111⁄4 n-
14
Benguet Consolidated $111. Benguet Exploration 13 ́ets. D. Benguet Goldfeld 10 cts n. Big Wedge 8 ets. z. Gold Creek 30 cts, nij
Gold River 7 ́cts. n.
On T.T. and demand............. 2/-R 4 months' sight
2/-4
Head Office:-65, Broadway,
New York
Credits: 4 months' sight...2/13%
On Shanghai- |
Capital
On demand
130
Surplus
On Singapore-
Mining
Reserves
$59
Antamoks 76 cts. n.
BRANCHES
On Japan-
Balatoes $14. m
Amsterdam.
Antwor
Genos Glang
→
On demand
171
Baguio Gold 24. cts, a.
Athena
ARCHEX
-Besla
Berila
Beenbey Bremen Brazeala
The Eaton Rev Hersburg
Pleidelberg Interlaken
On India-
On T.T. and demand
13233
On New York-
On demand
49
Loa
Credits 60 days' sight
5132
On Batavia--
On demand
7230
· Excrmina
Marmeðley Monte Carlo Manila
TIFORN
On Paris
On demand
TATA
Ipo Mining 90 cts. I Itogons 361⁄2 cts. I Salacobs 15 cts. n.
Credits 4 months' sight ....79214
On Saigon
On demand
743
933%
Kailan Mining Ad. 11/3 n. Langkats (Single) Sh-$13 n. S'hai Exploration Sh$41⁄2 n. S'hai Loans Sh. $51⁄2 n. Raubs $7 a.`
Venz: Goldfield $230 m.
On demand
92%
ecounts Sovereigns bank-buying rate 2/1
Bar silver per oz
Docks, etc.
29-3/16
1102
MOTEZ
HK and K. Wharves
$72 D.-
par.
Calro Calcutta Caste Cavesto Copenhague Dublin Edeburgh Place GEETH
Lucerne Logana
Yuuich
•
Summers
Trentin
Tokobazua Zurich
Branches of American Express
Company in Principal cities of United On Manila- States of Americs and Canada,
On demand
All classes of Commercial Banking On Bangkok---
Transactions undertaken.
Personal
| handled.
investment
The Company offers to intending Bar silver in Hong Kong“ Travellers the use of its "Travellers Copper, cash Cheques" and Letters of Credit 2nd, Copper cents in addition, the world-wide services
3% P.2 of its thoroughly equipped Travel Rate of native interest
Chinese Sab Coin 1... 31% čís. Department
Hong Kong sub. coin
par.
E. W. DUGGAN,
..
Manager
THE WING ON BANK
LIMITED
Head Office: Hong Kong 26, Des Voeux Road. Central. Authorised Capital $10,000,000
LONDON BANKERS: Westminster Band, Ltd. “ Foreign Exchange and every des- cription of banking business transact-
COMMODITY PRICES
The following quotations have been received by Beater.
Prev. Yesterday Closing Closing
New York Cotton:---
October December January
10.46 10.48/48 10.45 10.43/44 10.48 10.55 10.53/55
Current Accounts and Savings Ac-March counts opened. Fixed Deposits re: May ceived at rates which will be quoted on application
July Special rates given
Spot THE CHINA & SOUTH SEA BANK for Special deposits.
Trusteeship and Executorship m dertaken.
Safe Deposit Boxes for New York Rubber hire.
LIMITED
(Incorporated in China) Head Office „Shanghai
Capital
Reserve
.$7,500,000.00:
$1,500,000.00
·Branches... ..........All Important Cities
in China
Foreign Exchange and General
Boaizane transactač,
Banking
Cursos and Saving Amounts opened, and Tized Deposits received, forrians your a shorter parinda'
as 22000, which will ha gosted on: application.
800 Z CHANG
„RONG KONG "BRANCH:
3. Den Toms Bood, Central.
Manager's Offion -
Ferign Exchange· · Dept.
General Offer
Coobier's" Qšos.
Manager.
Tel. 25509
$2.506 36567
* 33300
THE YOKOHAMA SPECIE BANK
LIMITED.
Established 1880
Capital (full paid-up) Yen. 100,000,000 Reserve Fund.
Head Office:-YOKOHAMA
Brancher and Azencies at="
Alexandria
Batavia
Berlin!
Bombay
Calcutta
Canton
Chief Manager
L. GOCKCHIN
Asst. Manager
10.47/47
10.75
10.63 10.60/60 10.69
10.54/64 10.80
December
12.002
12.06/07 ·
PHILIP GOCKCHIN
Jannary
12.05
LI SHU FONG March Asst Manager May
12.22
12.126 12.28/23
July
12.34 12.47/41 : 12:47 12.55/55
Chicago Wheat: September 98% 10134/1013 December.. 983 9938/99% May
98% 993/%/9914 Chicago Corn: September 827/2 85/2/85 December 5734 572/57% 57 56/56%
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated' m China)
Capital paid up ............ $5,000,00G,
Beserves
$7,300,000 Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000 Head-Office-Shanghai
A Bank having as its mission the industrial development a
China and the fostering of her commercial relations. abroad. Hong Kong Office
7. Ice House St.
· Phone 31492-2-3.
May Winnipeg Wheat:- October December May
89490/90% 90 917/91% 94- 952/95%
New York Sugar:— December
January
March
1.85/86 1.85/851⁄2
2.58
215
2.57/58 2.13/14
2.15
2.13/14
May
2.20
- 2.17/18
Yen. 127,450,000
July
2.24
2.21/22
New York Suk:--
December
1.87
Is It Insured?
March
1861⁄2
May
Montreal Silver:
Insurance All Clamer LOWEST KATES
186/2
(66.40 | 66.23/40
66.20 66.350 66.93 66.55/95 67.35 66.95/67.50
bid, t
*traded,
Nagasaki
Nagoya
New York
Osaka
Paris
Peiping
Dairen (Dalny) Rangoon
Fengdien (Mniden)- Río de Jeneiro
December January erican Asiatic Underwriters: March ...
Fed. Inc. USA.
General Agents
Bamburg
San Francisco.
Hankow
Seattle
•Harbin
Semarang
Head Office.
Bong Koor
Shanghai
17, The Bund
Singapore
Sourabaya
Sydney
Los Angeles
Mazila
Heil
Asinking
Keracti
Kobe
London
Tingkow
May
a-asked, b In nominal.
1852/86
Office CottonThe first Notice Day "Ada Life for December will be November "Building" | 25 with delivery date December 2
REICHSMARK QUOTATIONS
Interest allowed for "Cazze
Deposits received for deed periods tates to be obtained on application
AC KISHINAMI.
Shanghai.
CAPITAL ISSUE INCREASE
London, To-day
capitalissa
months of the year is
,000,3 as "against” £100,000,000
period of 1984
Wirdess Service.
Ing
Beichsmarx
in Ethiopia, from
These are among the American women which foreigners are being asked to leave as war dooda bover menacingly, Mrs. Everett A. Colson (left), of Böston, who is the wife of the financial adviser to Emperor Haße Selassie, and Pania Lecler, who is a newspaper correspondent.
NEW YORK STOCK MARKET
Apparently Somewhat
Stale
ADDITIONS TO MOLDING ADVOCATED
WEEKLY MARKET REPORT
Interest In Raw Cotton Values
GENERAL ALL-ROUND FALL IN QUOTATIONS
NEW ADVERTISEMENTS
CHINA LIGHT & POWER CO. LTD.
N
FOTICE IS HEREBY GIVEN that on Friday next, the 4th October, the supply of electricity will be interrupted at 2 p.m. in the Tsim Sha Tsui area bounded by Cameran Road, Nathan Road, Jor- dan Road, Cox's Road. Austin" Road and Chatham Road Supply will be restored before 5 p.m. and the frequency will cycles.
then be 50
COMMERCIAL
CONFERENCE
IN LONDON
Delegates Of Thirty Nations Meet
UNOFFICIAL DISCUSSION OF MANY SUBJECTS-
London, To-day-
By permission of HM the King the opening session to-day of the twentieth International Parlia mentary Commercial Conference will be held in the Royal Gallery
of
In their market report, Messrs. Messrs. James F. Hutton and of the House of Lords, when the delegates of 30 nations will be S. E. Levy and Company, corres Co. Ltd. Manchester, reported as welcomed by the Chancellor pondents for Messrs. White Weld follows on August 28:-
the Exchequer, Mr. Neville Cham Considerable interest has been) and Company, New York, state:--
berlain. Stocks: The market appears shown this week in the position
The Conference,, which to be somewhat stale at the cur-jof raw cotton values, following
Uncertainties rent levels
of the week and will discuss the
is un-
re-the awaited policy of the United official will continue till the end garding foreign affairs are about States Government, as regards stabilisation of currencies, com evenly balancing the current fav loans to cotton growers. Quota pensation agreements, the "most ourable domestic business out-tions have fallen generally all
favoured nation" clause, and the there has been look. We continue to favour the round and
| agricultural problem in Central maintenance of investment posi-siderable difference of opinion 23 Europe, among other economic
CamTM
problems.
tions and adding to holdings to the trend of prices in the near should any reaction occur. Busi-future.
A very full programme of enter This last day or so, however. ness done:-1,260,000 shares.
tainment has been arranged for Wheat:-The movement of the the position has been rather more delegates and their wives--Bri- crop in the North-West is prac bullish and it is probable that the fish Wireless Service. tically finished. Canadian wheat outlook will gradually become
to be
satie-
prices are now near the peak.firmer. One reliable privata We Bureau estimates that the crop Flour sales have been good.
its own, and growing recommend purchases on the Chi-has held (old) (cago Grain Exchange. Total sales: conditions appear
Corn: - }factory: 13,487,000 bushels.
Offer Withdrawn "As may "Cotton:-Trade buying is off-
be expected, business setting increasing hedge offer-was virtually brought to a stand- ings.
still and numerous offers which
HE. and K. Wharves (new) 3,957,000 bushels.
$70. I.
HK and W. Docks $9 n. Providents (old) 55 ets."na' Providents (new) 20 cts. 1. Hong Kew Sh. $240 n. New Engineering Sh. $4 m.. Shanghai Docks Sh.$78 n.
Cotton Mills. Ewo Cotton Sh. $6.30 m.
Shanghai Cotton (old)
with-
BERLIN SHARE MARKET
New Low Record
Established
“CHINA MAIL * SPECIAL
-Berlin, To-day.
The latest developments in the Abyssinian confict were so dis-
-Silk:- Prominent importers had been left over were are offering sparingly. November drawn, while few fresh ones have futures are expected to tighten, been made. while further distant months look Buyers appear to be acting on-turbing that the turnover in the the view that a decline, once it share market reached a new low higher. Total sales:-123 lots.
*Flash: Steel mill activity has begun, may continue; but record yesterday, over 60 per cent. belief is not of the shares being dealt in not during the past week is estimated among experts this
being quoted at all in the first cent of capacity upheld. Shat 50.8 per
There have been only a few en-part of the day, and the rest be against 48.9 per cent. the previous
quiries for dhooties, light whites. ing mostly lower. The news week
The publication Standard Sta- and white shirtings, chiefly from from Memel was
likewise de tistics reports =—-
Calcutta and Karachi, and inpressing. The retention of long-term in-most cases it has been with the On the other hand, fixed interest vestments is advised in view of jobject of price testing.W
securities were firm, many show- Prints and fancies have beening a rise, gold mortgage bonds the gradual progress of industrial activity and the latent investment more in demand but only scrappy above all being livelier. Call H.K. Lands 4% Debentures $100 demand and also on the fact that orders have been placed. It is money was at 3% to 3%-Trans
employment and production disappointing that Bombay and Ocean Service.
the large upcountry outlets com figures are gaining.
$65.D. Shanghai Cotton (new) 340 Zoong Sings Sh. $824 n. Wing On Textiles Sh. $25 1
Lands, Hotels, etc." H.K. and S. Hotel $3.10 b HK Lands $24/25 sa
3.
Shanghai Lands Sh. $15 n.
Metropolitan Lands Sh, $10 n. Humphreys $742 12
HK Realties $4 m.
Chinese Estates $86 i.
China Realties. Sh.$4 n.”
China Debentures. Sh.$123 n
Public Utilities
ぶ
We recommend caution in mak-tinue to be so quiet. Odd Pots of ing new commitments owing to light bleaching mulls and fancies the high level of certain indivi-have been under offer for Madras dual stocks and owing to the pos- and Amritsar, but no weight of sibility of temporary dislocations business has resulted in the war situation.
China's Small Interest
Latest Quotations
One or two enquiries have been 2 gone HK Tramways $1110/1100 sa. The following quotations were dealt with for Rangoon and the
received by Reuter:-
Peak Trams (old) $52 m.
Peak Trams (new): $5 n. Star Ferries $78 n.
Yarmati Ferries $17 n. -C Light $7.95 b., $8.00 82.
HL. Electric $52 b. $53 sa. Macao Electrics $20 nj Sandakan Licht. $3 să Telephones (old) $17.80 b Telephones (new) $61⁄2 n China Buses Sh$111⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6. n."
Industrials
Malabon Sugar $814 ́m Cald., Macg. (Ord) Sh$191⁄2 2 Cald: Macg. (Fre£), Sh.$18 me Canton Iees $1.60 sz.
Cements $3.05 m.
·HLI Ropes $1.55 b. $160 sa. Stores, etc.
Dairy Farms $14% n
Watson $2.90 b
Lane, Crawford. $3 Mackintosh $Targe Sinceres $5 a
Wm. Powells 70 cts. n. Wing On (EK) $55, 1.
N.Y/Tondon
cross-rate
7:66
Straits Settlements, and with a steadier market business would Pres, To-day's
close probably have been "arranged. dose
China has shown little interest japart from a few of the speciality.|| lines. Manufacturers of the plainer finishing cloths have had offers from near Eastern sources, but the quantities under negutia- tion have been small. Generally speaking.
business for West Africa has not been very active. but here and there a little trade has been done in bleached and
57%
4.914.91 NY Cotton Oct. 1. 10.48 10.48 N.Y. Rubber Dec... 12001: 12.07 Chicago Wheat Dec. 98% Chicago Corn Dec. 57% Montreal Silver Dec. 66.40 66.40 Silver Official
65% Dow Jones Averages de 30 Industrials 131.75 13192 17 up 20 Pails
35.32 34.93 39 of 20 Utilities. 25.18 25.21 03 up 40 Bonds 9647: 9644 .03 off 11 Commodity
Index
6.18 15 printed styles.
55.05 55.18 13 up
Business Done:-1,260,000 shares. RAW RUBBER PRICES
CHEAP POTATOES
Everything
BUT YOUR
SAVINGS
RENT
FOOD
CLOTHING
HEAT
TAXES
WATER
Messrs. ⠀⠀⠀ H. B. Joseph & Co. received the following Strafts Cure]
CHITS
Experimental Sale Arency quotations from Singapore
Success
for Raw Rubber
Spot 19-Up / b. 193⁄41⁄2 4 January/March (1936)" "20 %
Up 3g b. 2016 3. April/Jane (1936) 21 Up 1⁄2 b.
21 14 5 November/December 19 3⁄4” Up
Ye bis 20.3. Market: Quiet.
London. To-day. The decision of the League Assembly to organise the study of the dual problem of raising nutritional standards and dispos fing of agricultural surpluses or f Get potential output lends special]
interest to the report issued by the Potato Marketing Board on the erally supposed
The reduction in price in this experiment in the distribution of case was 3d. per stone on the the potato at a reduced price to
M Miscellaneous que Entertainments $4 m
S. C. Enterprises $1.35 zug Macso "Greyhounds. $2 m. - Constructions" (old) $110 m2 Constinctions (new) 25 cta Vibro ing 24 a.. Ch. Go 5%-1925 GIBA
Berlin, to-day
quotations (without guarantee)
yester were: New York, 4026;
total of Paris, $10; Amster
and
91%
for the first London,
ster
EK Gov
Ser
HK
unemployed, carried out recently ready low price of 7d The par
chase of potatoes by unemplo for eight weeks at Bishop Auch-
nd The total consumption of through a central
under the scheme exch led" potatoes in the årez rose 69 pie
previous purchases showing that their demand
ationBr
ions in price than had bec
SAVINGS RESAVE SOMETHIN
START HOW UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST,
INC