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 Charier, 1853.
Reserve Finds:---
--
Sterling # 6,500,000 Silver $ 0.000.000 Reserve Liability of Pro-
prietors
HEAD OFFICE: LONDON Paid-up Capital 20,000,000 Reserve Fund
£3,000,000 £3,000,000
Reserre Liability of Prom
prietors
-£3,000,000
Agencies and Branches:
| Alor Star Attribuz
HEAD OFFICE HONG KONG.
·BOARD OF DIRECTORS.
& # Doctor. Eng. Chairman
CC night. Eq.
Deputy Chair
T. X. Graybarnia Eng.
Chief Manag^?". •
Panchok Flavie
Nomba Caleuria
W. H. Bell, Esq. K. S. Morrison, Esq. Canton
A E. Compton, Esq. s
Toila
Karschi Klang Kabe Kusia
· Lumpar
Rangoca
Sentarang
Shanghai.
SpŠampa
11
Cawnpore
M. T. Johnson, Esq. Sabu
Hon. Mr. J. I. Paterson,
Colomba
G. Miskin, Esq. T. E Pearce, Esq., Haiphog
CONT
BANGKOK BATAVA BOMBAT CALCUTTA
CANTON
CHEFOO
COLOMBO
FAIRES ZOOCHOST
„HATPROXE
FANTERO MANTOW FARIGN
FUNGLEW
BOLI
HOBE
BRANCHES
LONDON
LYONS MALACCA
MANILA
MUAR Johan MUKDEN
NEW YORK
PEPING
PENANG
BANGOON
RANGON
SAN FRANCISCO.
KUALA LUMPUR
SHASAT
SINGAPOREB
SODRABATA
SUNGEI PATANI TIENTSIN
TORTO
TSINGTAO YOKOHAMA
Carat Arcent opend in Local Currency and Five Theposito semiend for comprar of shorter perinde in Local Currency sad. Kterling on termin which, will be quoted on application
Hong Kong. 6th April, 1935.
HONG KONG SAVINGS BANK
Hamburg
Fanbo
Farbin
Bone Four
Kuching
Stamila
New York
Pinte
(Peking) Prong
Amen Pada
Taiping
Toscial
<Bhuker) Tinea Tokoba Zamboanga
HE CHINA MAIL, WEDNESDAY, OCTOBER
Commerce and Finance
LOCAL DOLLAR STEADY
Silver Prices Rise
steady. The local dollar is. opening on demand this morning at 2/0%.
Both "spot" and "forward” xil- rose 1/16 ver prices, however. to 29
The London on New York cross- rate was unchanged at £—-US$4- 90%, as compared with $ US$4. 91 while the New York on Lon-.
cross-rate was
quoted at
Foreste Bashange and Geomrel Backing boddon
Cement Accounts ensued and Pined Deporte £ US$4.90%, as compared with received for 206 Mar or shorter periods at rules which will be quoted on application. *
A. BREARLEY,
Manager.
Hong Kong, 1st January, 1935.
THE
|£US$491.
EXCHANGES
TO-DAY'S QUOTATION
AMERICAN EXPRESS COMPANT, on London
INC.
Head Office:—$5, Broadway,
New York
Capital
Surplus Reserves
Athear
A m
Bento
The Basicem of the shore Fark is condoes ed by the HONG KONG AND SHANGHAY BANKING CORPORATION. Rules may be olyained on avelication.
Berlin
Rombay
Bermen
Premerla
Cairo
Calenta
Cantine
Iwerne
- Chief Manager.
Hong Kong. 2ch February, 2933.
Colombe Copenbayra Deblin Finbury
Monte Carlo
Munich Montreat
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V.*M. GRAYBURN,-
-810,100,000.0% -$ 5,508,000,00
Semith's &
Malhowe
Bombay Calcutta,
Kagoni
Shaoghai
New York
Onaka
Sinyore Sourabay
Paris
Endney
Hangove
Total
Saigen
San Francisco
Tekno.
Yokohama
Florbo
· On · Singapore-
On demand
On: Japan---`
2/-74
ایی
· LOCAL: SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day-
Banks
HK. Bank $1,010 b. HK. Bank (London) $105.
Chartered Bank £13 1,
Mercantile Bank A. and
£2934 D
Meccantile Bank C. £13 1. Bank of East Asia $60 1.
Insurances Canton Ins. $180 zil Union Ins. $375/379 sa. China Underwriters. $1.10 no China Fire Ins. $382 n. - HK Fire Ina, $180 n. International Assee. 34 n.
Shipping
Douglases 136 1 HK. Steamboats. $4 1. Indo-Chinas (Prefi), $30 n. Indo-Chinas (Def), $12 m.. Shell (Bearer) 69/41⁄2 n
Union Waterboats $113⁄41⁄2 nà
Mining Antamoks 78 cts. n. Balatoes $14 m.
NEW YORK STOCK
MARKET
Railroad Stocks Weak
CHANCES FAVOUR A FURTHER REACTION
In their market report, Messrs, S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company, New York, state
"Stocks: The weakness of frailroad stocks,, together with re- newed nervousness regarding the foreign situation cancelled early
"Frank W. Rickett, who has bough
B. Xains. We believe that chances
favour a further reaction. in the oil fields in Abyssinia.
Baguio Gold 24 cts`a. Benguet Consolidated $114 1 Benguet Exploration. 13 cta. In Benguet Goldfield 10 cts a.
which industrial issues at least will test the recent low levels.
Business done:-1,420,000 shares. EXCHANGE CONTROL
are
"Wheat: Although we confident that the strong dames- tic cash situation and the ab sence of cheap offerings interna- tionally will result in higher| prices, we would take part of pro- fits of any further advance and reinstate
setbacks. Total: sales:-29,375,000 bushels Corn:
-7,817,000 bushels.
(Continued on Page 7) Latest Quotations.
The following quotations were received by Reuter
"Prev. To-day'ı
close
NY./London
CROSS-TAŽE
491
IN LITHUANIA
Rigorous Measures
Decreed
STABILISATION OF CURRENCIES
Conditions Not Yet
Favourable
BRITARS AIN RESTORATION OF GOED STANDARD
London, To-day. llor of the Exche ville Chamberlain, in the delegates of ", SI the-International Par Commercial Confer day reiterated that the the international was the ultimate ritish policy, but said he conditions apart
the inter
mbed
the directions
~CHINA MAIL * SPECIAL. (
· Kovno,-To-dzyzwa Rigorous control regulations Great War on restricting business transactions which their policy ought to take in foreign currencies came into British Wireless Service. force yesterday, in accordance
with the provisions of the new law for the protection of the La- closethuaniar currency. The institue
dling of the gold stock of the
Bank of Lithuania, which "has shrank from, 52,000,000 litas at the beginning of January to 3hr 000,000 in the middle of Septem- ber.
tion of this supervision; was ne↑ 4.90% cessitated by the continued dwin- | NY. Cotton Oct ... 10.48 10.70 |NY. Rubber Dec... 12.07 -12.00
102% Chicago Wheat. Dec. 39% Chicago Cori Dec. 57% 59 Montreal Silver Dec 66,40 66.33 Silver Official
653 65% Dow Jones Averages – 30 Industrials 131.92 131.51 “ „4% off 34.93 34.16 „ST OF 25.91- 24.83 - 38 off- 96.44, 96.36 .08 of
20 Rs
On T.T. and demand
4 months' sight
Credits 4 months" sight ..2/1%
On Shanghai
JULS.36,000,000:00
On demand
130%
2,183,633.06
870.731.05
85%
BRANCHES
Amsterdam
Genon
Mine
On demand
171
Antwerp
The Hague
Kaples
On India-
-]
Ratana
·Piraten
Fambers
On II and demand
13278
On New York-
On demand..
49
Credits 60 days' sight .......... 51%
Big Wedge 8 cts. E-
On Batavia-
Gold Creek 30 čta.
On demand
727%
On Paris
Gold River↑ cts: n. Ipo Mining.90 cts. n.
20 Utilities
40 Bonds
On demand
747
Itogons 361⁄2 cha T
Credits 4-months' sight ..79232
Salzcots 15 cts. n.“
11 Commodity
Index 5518 35.83 65 up Business Dones:-1,420,000 shares.
On Saigon—~
Kailan Mining Ad. 13/3 1.
On demand
7432
Langkats (Single) Sh-$13 n.U
On demand
98
On Bangkok-
S'hai Exploration Sh.3431⁄2 n- Shai Loans Sh. $51⁄41⁄2 a. Ranks $7 ne
On demand
92
Venz; Goldfield $2.30 n.
accounts Sovereigns bank buying rate 2/1
Bar silver per oz.
29%
Docks, etc.
nom
дом
E.K. and K. Wharves ·· (old)
$72
Closing Closing
par
3%-P-8
3134% dis par
EK and K Wharves (new) New York Cotton:-
$70 m. H.K. and W. Docks $9 mi. Providents Cold) 55 cts. no Providents (new) 20. cts. 2.
October
10.48 10.69/70-
December
January
March
Hong Kew Sh. $240 m. 2. New Engineering Sh. $4 n- Shanghai Docks Sh:$78 m.
Cotton, Mill.......
May
July
Spot
10.67/68 10.71/72 10.53 10.78/78 10.60 10.85/86. 10.64 10.82/84 10.20
11.05
New York Rubber;
December
12.07
12.00/00
Sh. January
March
im
Personal
investment
H
|Chinese Sub Coin
Manager
Last close
BRITISH TREASURY
RETURNS
Revenue Still Rising, Expenditure Also
London, To-day- Exchequer returns which cover the first half of the financial year show that the total ordinary re- venue, excluding self-balancing
From yesterday, October 1, all foreign currency transactions and operations in precious metals must be done through the Bank items, amounts of £286,899,959, 28 of Lithuania Persons travelling compared with £273,883,086 at the abroad are only allowed to take corresponding date of 1934. †200 litas across the frontier, The total ordinary expenditure,
while payments to foreign coun- excluding self-balancing items is tries need special oficial
£346,347,079, as against $328. COMMODITY PRICES tion if above 100 litas-Trans- 526,930 at the corresponding date
The following quotations have been received by Beater.
Prev. Yesterday
10.44 10.477
12.123 12:07:
12.22/22 12356/37a
Ocean Service.
-JIES
|RAW RUBBER PRICES
Latest Quotations From Singapore
of 1934-British Wireless Ser vice.
Messrs. H. B. Joseph & Co. received the following Straits Cure | S rency quotations from Singapore
for Raw Rubber:
Spot 19 Down 16 b. 19% s November-December 19% Down
1⁄2 b. 191⁄2 3
January-March (1936) 20 Down
34 by 20% 8
April-June (1936) 2034 Down
3/4 by 20% Sa Market:-Quiet.
Is It Insured?
JuturanceTM All : Classes LOWEST RATES American Asiatic Underwriters
Fedi Inc., USA.
General Agents
Head Office
| 17, The Bund
Shanghai.
RE. OSC
Aziz Life
Building Tel. 30234
Interlaken
Jerusalem (Isador
Prining Palecine Roterdam Beroe Shambal Southetraphon
"Taemina
Tanica Yoinbuza Zarich
THE BANK OF EAST ASIA, LTD. Company in Principal cities of United
Authorised. Capital. Paid-up Capital. Smire and Cadivided Proštu nā 2,480,000.00
HEAD OFFICE:—HONG KONG`·
1. Des Varer Road Central
BOARD OF DIRECTORS:-
Sir Shop-en Chow, Chat tan
- Loon Chias, Eq... P. I. Kroit, Esq. Tour
Tus Tang. Ea Ching Shak. Eaque Jah, ko Bang. Esq... Wong Cho Fox, Erg, and Xan Xin
Pa, Zaq
Eutavia
Kan Tune To Eng Chir! Manugus Li. T Ft. Esq. Manager.
Benoldia
London
BRANCHES AND AGENCIES --
Manila
Priping
Penang
Every description of Basking mil Exchange. kendate transacted. Loans, granted, on approved
arities.
· Current Account opened in Local Currency and Fixed Deposits received for one year
horser periode in Laoa) mod Foreign Currencies karma which be quoted on application. Bale Deposit Boxes To Lapt
"KIN TONG PO,
Chist Manager.
Branches
American Express
States of America and Canada.,
All classes of Commercial Banking Transactions undertaken.
handled.
On. Manila-
The Company offers to intending Bar Siver in Hong Kong Travellers the use of its "Travelers Copper cash
| Cheques” and Letters of Gredit and,
addition, the world-wide services Copper cents
of its thoroughly equipped Travel Rate of native interest Department
E. W. DUGGAN.
THE WING ON BANK LIAITED.
Head Office: Hong Kong 25. Des Varver' Road. Contest Authorised Capital $10.000,000 LONDON BANKERS:—
Westminster Band. Ltd.. Foreign Exchange and every den- eription of banking business transact
ed
Hong Kong sub. coin
NEW YORK STOCK EXCHANGE
Latest Quotations
October. 2.
The following quotations were re- ceived by Eeater:
10.20 1100 London 491 4.90% 490 NY. Cotton “Current Accounts, and Savings. Ac-
Oct
10.48. 10.53 10.53 counts opened. Fixed Deposits re- ceived at rates which will be quoted Rubber
May
10.60 20.ZI... 10.71- en anplication Special rates. given
Dec.
-12.07 11.99 11.91 Chic Wheat
Dec.
99 994
THE CHINA & SOUTH SEA BANK, for Special deposits.
LIMITED
(Incorporated in China) Head Office ..Shanghai.
Capital
Reserve
Branches
Forsign
Exchange
Bamiyana troomted.
.$7,500,000.00 $1,500,000.00
*100%
*100%
Ewo Cotton Sh. $6.30 ml :' Shanghai Cotton (old)
$65.
Shanghai Cotton (new) $40_n. May Zoong Sings Sh. $81⁄2 3. Wing On Textiles Sh. $25 n. "Lands," Hotels, etc. HK. and S. Hotel 3.15 sa. HK Lands $25 8.
HK, Lands 4% Debentures $100 Chicago Corn:-
12.28
12.41
July
12.55
12.482
Chicago Wheat: December
99% -102%/102%
May
992% 10134/102) -
July
92/92/2
December
57%
582/59
Shanghai Lands Sh. $15 n.
May
567%
57%/58
Trusteeshin and Executorship un- dertaken Safe Deposit Boxes for kire.
PHILIP COCKCHIN
Chief Manurergola
Metropolitan Lands Sh, $10 n.July
5834/5834
May
Humphreys, $72 1
Winnipeg Wheat:-
Chic. Carn
HK Realties $4 m.
October.
90%
92/92%
Dec
+57%
57%
Chinese Estater $86 n-
December
91%
93/93%
T GOCKCHIN Asst. Manager
JI SHU FONG Asst." Manager
MAY
561
$7%
May
95%
97/97%
STOCKS:-
New York Sugar:---
| Amer Smelting 48% 484
Anaconda
Por THE MERCANTILE BANK OF
Copper
Con Gas of
NY.
Elec Bond &
484
20%
20% 20%
27* 27% 284
Share
12 1234 121 General Motors 46%%% -46% 47% Int Tel & Tel 97 979% Loew's Inc
43% 44.
December
12.58 M
2.54/57
January
215 2.18/14
March
214
2.12/13
May
218
235/17
July
2.23
2.20/22€
New York St December
442
March
**Ward
32
32%
33
NT. Central
24
2434
24%
Standard GL
Tok Penang
↑ of NJ.
43
US Steel
45454
4974 45%
Pors Lonia.
All Important Cities
in China
and General
Corrent and Sering Accounts, oproed· and Fized Deposita received for one your or shorter periods
at rates which will be quoted on suplication
SOU Z. CHANG.
Xanager...
HONG KONG, BRANCH:
24. Das Tour Boad Castes).
Foodan Exchange Dupe.
General Offer - ****
Cashier's Offer
22506
THE YOKOHAMA SPECIE BANK R
LIMITED.
Established 1880
Capital (full paid-up) Yen. 100,000,000 Reserve Fund
Yen, 127,450,000.
Head Ofice:—YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia.
Berlin A
Bombay
Calcutta
Canton
Nagasaki
Nagoya
New-York
Osaka P
Peiping
Dairen (Dalny) *** Rangoon" Srenstien Mukden) Rio de Janeiro.
San-Francisco
Seattle
Semarang
Shanghai
Singapore Sourabaya
Hamburg
*Hankow:
Harbin
How Loa
Honolulu
Sydney
Tokyo me
Tsingtaa
Zamachi
Kobe London
Tingkon
allowed for Cinzent" "Ac-
received for „ficed peri
be obtained on application,
C. KISHINAME"
INDIA, LTD.
"HEAD OFFICE:
15. Gracechurch Street, Loodoa.· E.CS..
Authorised Capital ..........£3,000,000
· Subscribed Capital:........ 1,800,000 Paid-up Capital
1.050.000
Reserve Find & Best.. 1,247,830
BANKERS- The Bank at Zretard & Midland Bank, LA.
BRANCHES:
Inak -Kandy
Calcutta
Karachi
Colombe Detal Galis Boar Song Howra
Kota+Ebara
This Lisi
(Maurition) BADOOR
Kuala Lumpur Shanghai
Kuantan (Pahang) Simila
Madram
Singapore
HONG KONG BRANCH
Every description of Banking and Exchange business teammactak.
Travellers Chequate inazad.
Trustee and Executorships under- taken.
INTEREST: allowed on Current Asocuate, and Fized Deposit at Hates that may be 'ascertained"
@pplication.
R. TENNEDY,
Manager: Hong Kong, 24th July, 1935.
24. Queen's Road Centrali
SHANGHAI COMMERCIAL: SAVINGS BANK LIMITED
(Incorporated in China) Capital paid up . $5,000,000
Reserves
Capital Savings Dept
Reserve Savings Dept.
A Bank haring ma
the industrial deve
$00. (008.
Montgomery
BERLIN SHARE MARKET
Business Almost At Standstill
*M CHINA, MAIL" SPECIAL
Berlin, To-day. Since everything” now appears to point to the certainty of an outbreak of hostilities in - Abys- sinia at an early date, and as it is feared that this will lead to serious complications-- in the world – economic situation. the share market yesterday was al- most at a standstill, such tran sactions as took place resulting in price falls. Other infinences | that normally would have stimg- lated business, for instance, the further increase of German day- lings' banka depositors, remained
Fixed interest securities ma
China Bealties Sh$4 *~- China Debentures. Sh.$56-1. Public Utilities H.K. Tramways $11 sa.- Peak Trams (old) 51⁄2 2 Peak Trams (new) $5 m. Star Ferries $78:11: Yaumati Ferries. $17 n. C. Light $8 sa, 2 HK Electric 35234 b. Macao Electrics 120 1. Sandakan Light $3 a. Telephones (old)
$173⁄4" & $17.80/60 3th. Telephones (new)- $61⁄2 z China Buses Sh$11% m. Singapore Traction 10/6 z. Singapore Pref: 22/6 nig.
Indinstrials
$17.50
May
Montreal Silvers b.. December
Malabon Sugar" $572, 1. Cald; Macg. (Ord.) Shi 191⁄2 2 Cald: Macg, (Pref.), Sh.$18 n. Canton Ices $160 n Cements
EK. Ropes $1.55 b.
: Stores, etc. Dairy Farms $147% ne Watson $2.90 b., $2.90 Lane, Crawford $8 n. Mackintosh $72. Sinceres $5 Don Wm. Powells 70 ctx. n. "Wing On" (HK) $55 127
Miscellaneous Entertainments $4 n.
S. C. Enterprises $1.55 n. Macas "Greyhounds”: $2 n Constructions (old) $1.10 n. Constructions (new) 25 cts. The Vibro Piling $41. Ch. Govt 1925 G$Bds
91% 1 HK Govt.
Sprend
HK Govt. $37 Wallace
6%%%%
January
March May
186 17974/1.80 186 180/2/8072 186 180/8032
66.40 € 25/35 66.35m 66.50b 66.95 66.90/95 67.50
67.30/60
REICHSMARK QUOTATIONS
To-day. quotations (without-
New Paris, 610.5; Land London
sterling
dollar, 15.1757 Service
At the MAJESTIC
Douglas FAIRBANKS
[$I$I$I$I$I$I$
S
A VALUABLE PUBLICATION
FOR EVERY OFFICE AND HOMET
HONG KONG'S BEST-DOLLAR VALUE
ON SALE
AT ALL
BOOKSTALLS
AND AT THE
OFFICES OF THE PUBLISHERS
3A, WYNDHAM STREET.
*SISISISISISS