CHINA
AY, OCTOBER 1—1935-
BANKS
HONG KONG AND SHANGHAI
BANKING CORPORATION
Authorised Capital
Issued and Fally Paid-up
Reserve Funds:-
Sterling £5,500,000 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 Charlar, 185%,
HEAD OFFICE HONG KONG,
DOARD OF DIRECTORS, »
& R. Dodomil, Esq. Chairman.
CC Knight Eng
Deputy Chairman
V. 3). Genyburn. Bagi
Hon. Mr. W. E. Bell
HEAD OFFICE: LONDON,
Paid-up Capita!
20,000,000 Reserve Fund
£3,000,000 £3,000,000
Reserve Liability of Pro-
prietors
£3,000,000
Agencies and Branches:
Afor tear
Fiona
Amritame
Ipoà
Bangkok
Karachi
King
Bomber
Calcutta Cartos
Kuni
Camapore
Kuching
Hon Mr. J. J. Paterson! Ceba A. H-Compton Esq. T. E Pearse-Esq. Colombo MT. Johnson Esq. G. Misiin Esq JA: Plammer Esq. A. in Shields Esq. Renbor
BRANCHEN:-
ANOT BANGTOK
LONDON
BATAVIA
BOMBAY CALCUTTA
"ÉS STON
COLOMBO DAIRES
POOCHEE
HUPHONO
HAMBURG
HANTOW
HARBIN
HONGKEW
ILOILO
IPOR
COROL
FOBE
LIONS MALACCA MANILA
MIDES NEW TORK
PEIPING
PENANG RANZON
SAIGON
SAN FRANCISCO
ETALA LUMPU'E
SHANGEAL
SING APOLLS
SOCRABATA ::
SENGET PATANT
TIENTSIN
TSINGTAO
TOKTO
KOWLOON
TOROZLAMA
Current Amante opward is Lorsi Curtmacy and Fred Deposite veived-for our shorter periods in Loos! Currency soć. Sterling on by which will be quoted on application.
Hong Kong, 2nd October, 1935.
HONG KONG SAVINGS BANK
Buszew of the shore Fani is conduct
ed by the HONG KONG AND SHANG HA BANKINO CORPORATION. Rules may be obasiced on spplication.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,
Delhi-
|Fankom
-L
Harbin
Beog Koor
New York.
Priping
(slang) Ролов
Bango Raigon Semarang
Shanghai
· Singaporn Sitiawan Sourada ya -Taiping"
Tom's
Broker
Tokohama
Zamboanga
Foreign Exchange, and General Backing basinem : trogenated.
Commerce
Finance
NEW YORK STOCK MARKET
Situation Extremely Uncertain
SHORT TERM PURCHASES ADVISED
Is their market report, MessTS. S. E Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York, state:- Stocks: The market situation
Current accounts opened and Flow Depois extremely uncertain, but on any mited for one year or shorter periode, as which will be grossi, on application.
A. BREARLEY,
Manage
Hong Kong, 1st January, 1935.
THE
further weakness to-morrow, trad-| ing purchases should prove to be worthwhile for a short term at least. Business done: 2.190.000 shares.
Wheat: Cash premiums "con- tinue. Advancing fleur prices
AMERICAN EXPRESS COMPANY, are having a hardening effect on
INC.
Head Office: 65, Broadway, New York
Capital Surplus
Reserves:
„U.S.$6,000,000.00 2,183,633.06 870,731.05
BRANCHES
Amuinedam... Antwerp
Gros,
Glucom
The Engur
Min Kier Kaplan
Karena
Remienert \
Forme Fleidelhave Interlaken
Prigits Perma Rotterdam Bome
Banis Berta
Ramby
Brussala
Cairo
·Caleathe
Timo
Cecor
Lucerne
F. GRAYBURK, -
Chin! Moonger. Hong Kong, it's February, 18S
Colortrber Coprobages Debito Edistorch
Lugano
Thartzen
Monte Carlis
Tenica Tobac
Munich Moatre
Southampton Kingspor
Zürich
the market. The world supply situation warrants higher prices and war-news' in hurrying buyers. Total-sales: 49,696,000 bushels. Corn: 4,968,000 bushels."
year.
crop Cotton-Private “cotton estimates are expected to show material reductions Trading to day was the broadest for this
The limited supply - of American cotton available is in- creasingly recognised We would war-traders against remaining short in October cotton for too! long There is increasing for- eign demand on fear of possible Linterference with shipping.
Sentiment is turning bullish.“
Rubber-We expect smaller primary shipments during Octo-
Branches of American Expressber. THE BANK OF EAST ASIA, LTD. Company in Principal cities of United
States of America and Capads.
Total sales: 109 lots. Flash: Many traders are buy- ing commodities 23 a hedge All classes of Commercial Banking against security holdings. We Beserve and Cudivided Proßte 2480.2003 Transactions undertaken.
think that most commodities are accounts still cheap.
Authorised Capal
Paid-up Caputa
$ 5,508,800.00
BEAD OFFICE: HONG KONG
1. Das Tour Bond Central
BOARD OF DIRECTORS:~
Sir Show-on Chow, Christia
Id Toon Chris Exten P. I ̈ Ivo Z., Mori Is Too En Chan Ching Sinky Esq. Li Lan
204 Wong Chu Foo, Ea), and as Y
Fa. Eng.
Amay
Bateria
Is Tung. To. Eng. Chud Msangue.
Li The Fong Eng., Manager".
Bombay Calcutta Cantee Haiphong Hankor
Kobe Lowlan Loudou
BRANCHES AND AGENCIES :---
اتمهلا
Melbourne
Sank
Ye Zork
Osaka Pastin
Peigant
Panang
Rangoon Saagen. "bec Francison
Šeterang
Saragina Singapore Surabay Kenton
- Tichoku
Tumin
Tokyo
Vancouver Jokohama
Every description of Basking and Exchang Bovine transacted. Lose granted on approval; MOCRATIZION.
Current Accounts, opened in Local CurTORCY and Fixed Deponit carved for car year or
Personal
handied.
investment
come
Average daily petroleum pro- The Company offers to intending duction during the past week Travellers the use of its. "Travellers totalled 2763,000 barrels. Cheques and Letters of Credit and pared with 2775.000 barrels the of its thoroughly equipped Travelprevious week. Department,
addition, the world-wide services
E. W. DUGGAN.
Masage
THE WING ON BANK
KESTED.
Head Offers Hong Kong
26. Des Voeux Road. Central. Authorised Capital $10,000,000
LONDON BANKERS :------ Westminster Band, Lidi
The Edison Electric Institute estimates weekly electricity pro- duction at 1,857,000,000 kw.b. an increase of 126 per cent over the
corresponding period of last year.
The magazine Standard Statis- tics reports:
Wheat: We still advise pur- chases.
Rubber: Pending a clearer evi- dence of sharply lower supplies and a clarification of the Interna-
Foreign Exchange and every des- tional situation, we would defe:
aborter periods in Loes and Fong Ccription of banking business transact-speculative commitments. an terma which will -ba' quoted on application.
Sale Deposit Box To Le
eď
SAN TONG PO.
Chief Hasmgur.
THE CHINA & SOUTH SEA BANK,
LIMITED
(Incorporated in China) Head Office...Shanghai
Capital
Reserve
Branches
$7,500,000.00 $1,500,000.00
..All Important Cities
in China
Bod
Pavico Exchange
Bosinent transacted.
Gregor).
Booking
Correat and Sering kecounda opened and. Fiső)
·Deposits received for oos"yese oë shorter periods
at rates, which will be quoted on applicatio
SOU Z CHANG,
RONG LONG TRANCE
Kanager.
24. Des Voeux Road, Central. “
Manager's Offer
Foreign Exchange Depa, k
General Office
Casline's Olles
Tel. 53563
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
Capital (full paid-up) Yen 100,000,000 Reserve Fund
Ten 127,450,000
Fend OfficeYOKOHAMA
Branches and Agencies at:
Alexandris
Batavia
Berlin
Nagasaki
Карота
་་
New York
Osaka
Bombay
Chientia
Canton
Dairen (Dalny)" {
Paris
Peiping Rangoon
Hamburg
Hankow
Fenetien (Mukden) Rio de Janeiro
Harbin
Rong Kong
Honolula
sinking
Karachi
Robe
London
Los Angeles
Marills
Foll
+
Hides: We would accept a short Current Accounts and Savings Ac- comats opened Fixed Deposits re swing in profts and would post- ceived at rates which will be quoted pone purchases. on application. Special rates given for Special deposits. "A"
Latest Quotations
Trusteeship and Executorship un- The following quotations were dertaken Safe Deposit Boxes for received by Beuter:
hire.
PHILIP GOCKCHEN Chief Manager
SHU FONG Asst. Manager
L. GOCECEN Asst. Manager
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in China) Capital paid up ... $5,000,000 $7.300,000 Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai
Reserves
A Bank having as its mission the industrial development o China and the fostering of her commercial relations abroad. - Hong Kong Office...
↑, Ice House. St. Phone 31497-2-3
Is It Insured?
Insurance All Clanser LOWEST RATES American Asiatic Underwriters
Fed Inc. USA.
General Agents
San Francisco
Seattle
Semarang
Head Office
Shanghai Singapore Sourabaya Sydney
17. The Bund
Shanghai
*Mentsin
Tokyo
Yingkow
Interest allowed for Current Ac-
Deposits received for fixed periods rates to be obtained an application
· C. KISHINAML"
Manager. Hong Kong, 12th September,
f
COMPLETE
NY/London
Prev. To-day's
close clos
4.90% 4897% 10.70 11.07
11.93
1061
62
cross-rate NY. Cotton Oct... NY. Eubber Dec... 12.00 Chicago Wheat Dec. 1027. Chicago Corn Dec... 59 Montreal Silver Dec. 65.35 : 66.50 Silver Official ...... 65% 65%
Dow Jones Averages
30 Industrials 131.51 128.06 3.45 off 20 Pails 34.16 3261 155 off 24.83 23.92 31 off 20 Ulities 40 Bonds 96.36 95.87 49 Off 11 Commodity
Index 55.33 57:36 1.53 p Business Done: 2,190,000 shares.
LOCAL DOLLAR STEADY
Forward Silver Advances
The local dollar is steady, opening on demand this morning at 2/0%-
"Spot" silver was steady at 29%, but "forward" advanced 1/16 to 29-7/16.
m
The London on New York CrÓSS- quoted at £US$4- rate was 904, as compared with US$4- 90%, while the New York on Lan- -H.K. Office | don cross-rate was quoted at Asia Life US$4897, 23 compared with
Building US$19036) #ANG
REICHSMARK QUOTATIONS
Tel: 30254.
LOW
DAYS CLS
Berlin, To-day. - Reichsmark quotations (without guarantee) yesterday were: New York, 40.26; Paris, 610.5; Amsterdam, 59.425; and London, 12:19 The Paris sterling quotation was 7438, and the dollar, 15.17— Trans-Ocean
Service
· LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
HK Bank-$1,015 21
FK Bank (London) $104 1. Chartered Bank 213 1
5293% m Meccantile Bank C. 18. - Bank of East Asia $60 (ni
Insurzrices
Canton Ins. $160 mi Union Ins $3 bi China Underwriters $1.10 = China Fire Ins. $332′m. 'HA Fire Ina $180 n.
International Assos. 34 1.
Shipping
MUSSOLINI CHEERED BY 100,000
(Continued from Page 2)`
NEW ADVERTISEMENTS
PUBLIC AUCTION
THE Undersigned have received
Auction.
Monday, the 7th October, 1935. commencing at 2:30 pm.
At their Sales Room. No. $5,
Hankow Road. Kowloon."
"This demonstration, means that)ly afterwards Signor Starace call- Italy and Fascism are one and ined for cheers for Mussolini, and divisible. For many months past announced that the test mobiliss- the wheel of fate has been moving tion ended at seven o'clock, faster and faster towards a single BRITISH EMBASSY GUARDED goal. It is not only the army that Rome: A cheering crowd of is marching towards this goal|100,000- assembled at the Piazza VALUABLE HOUSEHOLD |44,000,000 Italians are all march-Venezia to hear Signor Mussolini's
ing in step. Al are united speech. which
broadcast comprising ---
SEAR
A Quantity of
FURNITURE
because they feel that they are throughout Italy. Signor Sta- Chesterfield Suites, Bed Rooms the victims of the greatest in-race, the Secretary of the Fascist and Dining Room Furniture,
the sun.
BRITAIN PREPARINGTM London: While it is believed!
A Quantity of Black wood Furniture
and
One Radio Set.
On View from Saturday the 5th. October 193507-
Terms: Cash on Delivery.
LAMMERT BROS.
Auctioneers. Hong Kong, 3rd October, 1935.
Mercantile Bank A and B justice, which denies us a place in Parts, headed a procession of Alum and Glass Ware, Ice Chest 10,000 people to the square The Clocks, Table Lamps, Omaments, British Embassy was guarded by Gramaphone and Records, Enamel “WE HAVE HAD ENOUGH" "When in 1915 Italy decided to 300 men, including Carabinieri Bath. Linen, etc. etc.
also share the destiny of all the Allied policemen and soldiers in tin hel- Powers
were mets, while every approach to the many Italians
strongly guarded. jagainst it. Through participa- Embassy was tion in the World War Italy lost The Abyssinian Legation on the 670.000 dead, 400,000 crippled and outskirts of the city had a triple 1,000,000 wounded. When at the barrier of soldiers. end the Powers assembled to con- elude the deplorable peace only the crumbs of the great colonial that the Cabinet yesterday morning booty of the others fell to our found itself obliged to await für-|
ther developments in. Geneva. "For 13 years we have been there is reason to think that an patient while the circle was doe-arrangement was made by all the ing in around us and threatened Ministers to hold themselves in to choke us With Abyssinia we readiness for any emergency, and have been patient for 40 years: meanwhile, full authority was given to the defence départments We have had enough.
"I dare to believe that the real to take such measures as might French people would not endorse be required by the circumstances. the Prime sanctions against Italy. The six in consultation with thousand who died on the field of Minister.
In the afternoon Mr. Baldwin Bligny, whose bravery, command- ed even the admiration of the held consultations with all three enemy, would turn in their graves. defence Ministers, of the Navy market showed numerous
War and Air, and also with Mr-price declines as more stock was
Douglases. $36 m2 HK Steamboats. $4' n. Indo-Chinas (Pre£), $30 Indo-Chinas (De£), $12'm Shell (Bearer) 68/9 1. Union Waterboats $111⁄4 n-
Mining
Antamoks 76 cts a Falatoes $14
Baguio Gold 24cts a Benguet Consolidated $11 Benguet Exploration 13 cts. 11. Benguet Goldfeld 10 cts n Big Wedge 8 ets.
Gold Creek 30 cts. n.. Gold River 7. cts. D Ipo Mining 90 cts. a. Itoons 367 cần thi
Salacots 15 cts. ** Kailan Mining Ad. 10/6 n. Langkats (Single) Sh$13 n. S'hai Exploration Sh $414 n Shai Loans Sh. $51⁄4 ̧n- Raubs $7 n Venz; Goldfeld $2.30 n.
Docks, etc. FK and K Wharves
ST2 L.
HK and K Wharves
$70-19
share.
NO GIVING IN
BERLIN SHARE MARKET Sharp Declines. In Prices
* CHINA MAIL" SPECIAL
Berlin, To-day. Almost all sections of the share shary
"Until I have proofs to the con-Neville Chamberlain, Sir Samuel offered than the market could trary I refuse to believe that the Hoare. Mr. Walter Runciman. Mr. absorb, the realisations being British people want bloodshed Malcolm MacDonald and Sir John chiefly prompted by the extreme and to see Europe plunged into Simon...
11⁄2 critical situation" in Abyssinim The Air Chief, Sir Edward and the general tension of the war to defend an African people. barbaric and unworthy to be Ellington, the First Sea Lord, Sir world political situation counted among civilised peoples. Ernle Chatfield, and Sir Robert
Even the reports of the exceed- "Economic sanctions we shall Vansittart were among the high ingly favourable fiscal situation meet with
our discipline, our departmental officials who also and the satisfactory turnover i readiness to sacrifice and our attended-Renter
the textile retail trade had no ap calmness. Military measures we ALL EYES ON GENEVA
preciable effect. now con- Paris: All eyes are shall answer with military mea-
the next move at sures, and to war we shall reply centrating on (old) with war.
Geneva and
-
Fixed interest securities were the rapid assembly quiet, but prices were firmer "Let nobody imagine that we of the League Council is expected than those on the share market, (new) shall give in. A people that is to be one of the first steps. After city loans being buoyant Call jealous of its honour and its fu-M Laval faces the French Ca-money was at 3 per cent-Trans- ture can take no other attitude binet to-morrow Mr. Eden is ex-Ocean Service... Let me say with the most Ecatepected to bring instructions to en
HK and W. Docks $3 n. Providents (old) 55 cts. n. Providents (néw) 20 chu. n. Hong Kew Sh. $240 z. New Engineering Sh. $4 n. Shanghai Docks Sh.$78 n.
Cotton Miltia
Exo Cotton Sh. $6.30 m.. Shanghai Cotton (old) Sh.
$65 a Shanghai Cotton (new) $40 - 12. Zoang Sings: Sh. $875 1. Wing On Texfiles Sh. $25 n
gorical emphasis to all Italians able M. Laval to work out a steer RAW RUBBER PRICES that we have determinedly done ing programme for the Com everything that might prevent amittee of Thirteen. colonial conflict developing into a European conflagration
has
CALL OF JUSTICE
for Raw Rubber---
Meanwhile the anxiety is wide Latest Quotations From
Singapore spread at the proximity of the re- ported Italian advance to the bot der of French Somaliland, but!
Messrs. H. R. Joseph & Co. have "Never in this historical epoch well-informed observers express received the following Straits Cur
the Italian people demon doubt whether. French territory strated the power of its spirit will become involved. It is learn-rency quotations from Singapore and character. The Italy of the ed that the French troops en Fascist revolution and Vittoria route to Djibouti to reinforce the Venete arises in unshakeable de garrison are not expected to ar termination to heed the call of rive until early next week. heaven to our soldiers in East "VIOLATION” INVESTIGATED EK. Lands 4% Debentures $100 Africa who are about to go into Genera: The League Council battle with courage in the face may decide immediately to ar of the enemy. To friends an inrange aerial observations to es centive; to enemies a warning tablish whether Italian violation This cry is the call of justice and of the Ethiopian frontier has oc
Lands, Hotels, etc. H.K. and S. Hotel $315 n. HK Lands $25 s.
Shanghai Lands Sh. $15 nă Metropolitan Lands Sh. $10. Humphreys $71⁄21⁄2 1 HAK Realties $4 n. Chinese Estates 386 China. Realties: Sh.34 m.- China Debentures: Sh.$56 m.
Pabile Utilities
HK Tramways $111. Peak Trams (old), $51⁄2 12. Peak Trams (new) $5 1 Star Ferries $78 nhu
... Yaumati Ferries $17, n.
C. Light $8 sa.
H.K. Electric $523⁄4 bot Macao Electrics $20 ¤, Sandakan Light $3 x.
**
victory.""
Spot 18% Down / b. 19% November-December 193% Une
changed b, 19%
January-March (1936) 193
Down1⁄4 b. 20 s-
April-June (1936) 201⁄2 downTM
b. 2034 5. Market: Dall
curred at Moussa All Should 12E A tornado of applause that such a violation be established all seemed never-ending rose from meeting of the Council and pro- the multitude, which, after *bably the Assembly would follow. short time, at a given signal.
received Independent reports quietly dispersed. Trans-Ocean here confirm that there is a con- |Service.
WHOLE NATION IN UNTON
centration of about 50,000 Italian troops with aeroplanes- in the Moussa Ali region, where the
Bome: Signor Mussolini, in frontier is somewhat vague. It
the course of his broadcast speech to the nation, said that it
Was
is thus impossible to state at pre- an advance into not only the army which sent whether
Abyssinian territory has actually marched to its goal but 44000,000 occurred. The request of the Ne Italians marching in unison with
gus-to send observers will be dis Telephones (old) $17.60/171⁄2 za. the army, because an attempt was cussed by the Committee of Thir
Telephones (new) : $671⁄2 1. China Buses Sh $111⁄4 n Singapore Traction 18/6 n- Singapore Pre£. 22/6 n
Industrials
Malabon Sugar $872 n.. Cald, Macg. (Ord.) Sh$191⁄2 Cald: Macg. (Pre£), Sh$18 n. Canton Ices $1.60. Cements 25 b
EK Ropes $1.55 b. Stores, etc. Dairy Farms $14% n Watsoon $2.90 b., 2290 b. Lane, Crawford 3 n. Mackintosh 37 n Sinceres $5 m Was Powel 70 cistons) Wing On (HK) $55 m2
Miscellaneous
Entertainments $4 na S. C. Enterprises $1:35 n. Macao “Greyhounds” $2′′n. Constructions (old) $110 n. Constructions (new) 25 can. Vibro Piling $1
teen to-morrow.
being made to commit the black- est injustice against them, taking Signor Mussolini's speech is from them their little land in the
St
generally regarded as leaving slight hope of peace. It appears For 20 years we have waited to many as the last speech before patiently while a circle has beer action. One observer described drawn round us which would have it as a war speech.
suffocated our
rising vitality.
BRITISH CABINET MEETS Let none think he can bed us. Never before as in this historic London: At a meeting of the period has the people of Italy re British Cabinet yesterday✨ the vealed its strength, the spirit and Minister for League Affairs, Mr. power of its character. Yet Anthony Eden, reported fully on against this people, to whom hu- the recent events at Geneva, and manity owes its greatest con his colleagues endorsed his actions quests, the people of poets, writas British representative on the ess and artists, they dare to League Council and its committees speak of sanctions. Reuter.
in connection with the Italo- Abyssinian dispute.
"TO YOUR FEET". Rome: Signor Mussolini con- It is not supposed that t cluded his speech with a passion-Cabinet concerned itself with the ate appeal to the Italy of Vit-general policy of the British toria Veneta and the Fascist re- ernment towards the disp volution To your feet," he said. the League, since that "Let your cries and the affirma- already laid down and tion of your "unshakeable devo in the clearest poss
Ch. Govt 6% 1925 G$Bastion reach our soldiers in East the Foreign
91%
HK Govt 4% Loan"-634% and assurance.”
prem ELK Govt $32. Wallace Har
per.
|Africa and bring them comfort According ments Mr. The Duce concluded inis speech | Geneva without a definite reference to hos-reach Geneva to-m tilities in East Africa Immediate
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 Lšte Buildings
Hong Long
(80234