THE CHINA MAIL-RUSSIA - NOVEMBER 1, 1935
Commerce and
Finance
BANKS
HONG-KONG-AND SHANGHAI BANKING CORPORATION.
Authorised Capital
$50,000,000
Iarned and Fully Paid-up- 20,000,000
Beserve Funds
Reserve Liability of Pro-“:
prietors
-HEAD-BZTICE: HONG KONG.
BOARD OF DIRECTORS.
E. Dodwell. Eng.
Chairman.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,
orated by Royal Charter, 1853. HEAD OFFICE: LONDON
63,000,000
EXCHANGES
TO-DAYS-QUOTATION
London.
Sterling
Silver
C. C. Inight, Esq.
"Depoty ChaumDES.
Hon. Mr. W. H. Ball
Hon. Mr. J. J. Paterson Cron A. H. Compton Exq, T.E. Pearce Esq
MT. Johnson Esq., JA. Plummer Esq. bouE
G. Miskin Esq. A. L. Shields Esq.
*MOT
BANGKOK
KANKOW
EDSGIEW
TOK
*JOHORE
KORE
TOWLOOX
T. Grayburn, “Enq
Hamburg
Haoke
Turbin
Agencies and Branches:
|On Singapore......
LOCAL SHARES
TO-DAY'S QUOTATIONS
The following is the list of local share quotations issued to-day:
Banks wh
NEW YORK STOCK MARKET
Monetary Inflation Not Expected
GENERAL BULLISHNESS
REFLECTED
"Messrs: White Weld and Cam- pany, New York: Correspondents for Massra, S.-E. Levy and Cam- pany, reports
Stocks: We do not expect any
HK. Bank (London) £10234 n. monetary inflation, although, bonus sfter proposals are likely soon Chartered Bank $155
1
£6,500,000
Paid-up Capital
.$10,000,000
Reserve Fund
...£3,000,000
1,000,000)
Reserve Liability -ef Pro
prietors
Joe Ste
Dole
Ipot
TE. and demand
15%
archi
Bersarang
Bateria
Klang
Swemban
4 months' sight
1/5%
HK Bank $1,345/60 sa.
Bombe
Shanghai
Credits 4 months' sight
1/6
Singapore
Столов
Тар
On Shanghai-
Canapove
Kunhing
Soutubere Twiping
On demand
118
Combo
•Manila
Dathi
Kelax
Cop
Kew York
(Bbok)
On demand
2613
28141
Piping
Tungste
(taking)
Tokalem
On Japan-s
Pesang
Sumbangs.
On demand
12514
Mercantile Bank Ce Bank of East Asia $70 b.
Instrances
On T.T. and demand
95
On demand
Credits 60 days' sight
SE
On Batavia-
On demand
5134
On Paris
On demand
585
Credits 4 months' sight. 362321
|On Saigon
“Cudemand-
534
7034
Chiet manger-
·BRANCHES:—
XUALA LUMPUR
LONDON
LYONN
BEALACCA
MANILA
MUAR (Johor)
MUNDEN
NEW YORK
PELPING
PENANG
RANGOON
SAIGON
SAN FRANCISCO
SHANGHA
SINGAPORE
SUNGEN PÄTANI TIENTSUN
SINGTAO YOKOHAMA
Central Locosle opened is Local Currency and Fixed Depoise rewired for our year or shorter periods in Lost Currency and starting
ma toems which will he quoted on applicatistas ALSO up to date SAFE DEPOSTI DOTES. je vecious sinus TOʻLEZ.
Hong Kong, Jat Nomember, 13.
HONG KONG SAVINGS BANK
The Basizame of the alore Bank is "rocdunt.
ed by dhe HONG KONG AND. SHANGHAI BANKING CORPORATION. Bulan may b
d on application. FOR THE HUND ZONG AND SHANGHAT BANKING CORPORATION
V. K. GRATZEN.
Hong Kong b February, Ti
Chief Manager.
THE BANK OF EAST ASIA, LTD.
Authorised Capital
Pondrop Capita
Bourne and Codivíded Profi
– JOUR, DEXT;000,00 $ 5,748,400.00
HEAD OFFICE:-HONG KONG.
20. Das Tones Bad, Central.
BOARD OF DIRECTÓRS:—
Bir Shoe-son Chen, CharAND,
480.000.00
Boog Kong
Foreign Flange and Ostwal Decking baitoni | On India—
Current Ascotch opesal” and Flamd Deposita secacred for one your ar borste puenile al cats On New York- winch will be quoted an application. –
A. BEKARLEY.
Manager. Hong Kong, 1st January, 1985.
****
AMERICAN EXPRESS COMPANY, INC.
Head Office: 45,” Broadway, Kew York
On Manila
Canton Ins $255. 3. Union, Ins. $545 1...
“Blle Seward “and” Richard: Cromwell- are in. “Men Of The Hour* which will be showing at the Albanira Theatre to-morrow,
LOCAL DOLLAR DECLINES
Silver Prices Firm
NEW $500 NOTE
Artistic Issue By Chartered Bank
KALEIDOSCOPIC EFFECT -OF-COLOURS
The Chartered Bank of India, Australia and China will shortly put. înto circulation a new issue of 15500 Notes.
The new note is slightly smaller than the $500 note. at present issued by the Bank, and it is sur rounded by a wide white border. The predominant colour of bath back and front is, brown, but-tha frost varied tints are introduced,
producing a kaleidoscopic effect.
Most of the ornamental work on the front the scrolls, panels and shading—are done in ples of thrown, while the background con-- sists of reddish, green and blue rays radiating from the Boyal Coat of Arms in the centre, m
On the left of this in a vignette
Mercantile Bank A and B. Congress meets, but we believe that it will be through the issue of bonds and not currency. Poten- |siì "credit infiation" continues, as for a long time past, with the market reflecting general bullish- ness on the basis of improved earnings and business conditions. rather than on inflationary ideas. Rising prices for the past eight months make caution advisable, but we feel that the markets are The local collar has declined a depicting a Roman Head, while ou opening Osi not likely to have more than a farthing,
demand the right is the white oval containe......... techmical and temporary setback this morning at 1/5 (nominal)-ing the watermark, which is Silver prices were steady at clearly discernible. The picture on just now, as Brokers' loans are small- and foreign investors. Basi-"spot" 29-5/16" and "forward" the back of the note is of a local ness done: 3,200,000 shares.
barbour scent.:
355China Underwriters $1.10
China Fire Ins. $400 n. EK. Fire Ins. $245 n- International Asses. $4 n.
Shipping
Sovereigns bank buying rate 1/6%
Bar silver per cz::
29 5/16
Bar silver in Hong Kong
Copper cents
2% prem.
Copper cash
On demand
Capital
$,000,000.00
On Bangkok---
Surplus
183,633.06
On demand
Reserves
870,731.05
BRANCHES:-
Amalariam
Астрад Beale Berija
GIDOR Gasgow
Engua Havana Keesburg
Botniay
Harry Heidelberg Interlaken
Brisson's
Jerusalem
Cairo
Londen
Calcula
Liverpool
Tami Isommina
Viscos
Vazion
-
Canter Colombo Copenhage Dabún
Edinburgh Firsnos
Gabr
Lagano
Marseilles Monte Carla Hamile Kunich Montreux
Both
Shi Houthampt Singapore
Zurich
Branches of American Express Company in Principal cities' of United States of America and Canada.
All classes of Commercial Banking Transactions and-risken.
Loos Chun, Esq, P. Kwon_Inq TORE Ius Zoog, Eag. Chan Ching Shok, Eng Lio Sade. Ex Trong Chu Son, Eng and Tan Yuled:
Eat Tung Po, Esq. Chie! Stanager, Li The Four, Kopi Kutages.
BRANCHES AND AGENCIES
HeBourne
Semarang Shangha Singapore Scann
Seattle
Nagnamki
New York
Quaics
Imphong
PA
Hashow
Purging
Pering
Kabe Irricon Lundwa
"
Коцроод
Sugon
tas Prariar
Sendary
Tabua
Tiktak
Takyo
- Every description of Banking and Exchange Burden Lacted. Losh granted un approval
CUMST
Current Accounts opened in Local Cutrines sud Fixed Deposita ruzived for nor year or abortar periods in Lost and Foreign Currencime outer which will be quoted on application.
Sale Deponit Basos To Letr
KAN TONG PO,
Chist Manage
THE YOKOHAMA SPECIE
LIMITED
Established 1880
Rate of native interest Chinese sub, coin Hong Kong sub, coin
25 prem ..5 pai 27% 13. par.
TIN STOCKS IN LONDON
LOWEST FIGURE IN 15 YEARS
London, To-day. Tin stocks have sunk to 340|| Personal investment accounts hand-tons, the lowest figure since the inception of the metal exchange records in 1920. The cash price. inbandim.ne The Company offers to Travellers the use of its “raveller however, was hardly affected. Cheques" and Letters of Credit and, since the "spot" business is ne m addition, the world-wide services glible owing to the expectations of its thoroughly equipped Taarel of the delivery this week of part Department
of a consignment of 1500 tons shipped from the Netherlands EW. DUGGAN,
Manager. East Indies in order to relieve the
situation.
THE CHINA & SOUTH SEA BANK, LIMITED
(Incorporated in China) Head Office Shanghai
.$7,500,000.00 .$1,500,000.00 **
Capital
Reserve....
Branches-All Important Cities BANKorrice Exhange and General Banking Besinees
Capital (full paid-up) Yen. 100,000,000 Reserve Fond
Zen 127,650,900
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria
Bataviz
Berlin
Bombay
Caletta
Canton
Nagaak
Nagoya
New York
Osaka
Paris Feiping
Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro
San Francisco Sextile
Hamborg
Bankow
Exrbin
Hong Kong
Honolulu
Hsinking
Karachi
Kobe
London
-Los-Angeles
Mazila
Moj
Semarang Shanghai Singapore Sonrabaya Sydney
Tientsin
Tokyo
Tsingtam
Yingkow
Chins
Current and Sering Accounts opened and Fized Deposits repsred one year or shorter periods ut zalen which willke quoted on application. ...
BOU Z CHANG.
HONG KONG ERANCH:
Manage
3. Des' Torul Boad, Central,
Manneer's "Ofice
Foreign Eachange Dept.
Gene-Offre
Cashier's Odor
22080
THE WING ON BANK, LTD,
Head Office: Hong Kong
26, Des Voeux Road, Central. Authorised Capital $10,000,000
LONDON BANKEES: “ Vestminster Bank, Ltd. Foreign Buchauge and every desi cripton of banking business transact-
Current Accounts and Savings Ac-} counts opened. Fixed Deposits re- ceived at rates which will be quoted on application:
Trusteeship & Erectorship under taken. Safe Deposit Boxes for
PHILIP COCKCHIN Chief Manager.
Interest, allowed for Current & QUALITY PRINTING
CONTE
Deposits received for fixed periods
at rates to be obtained on application.
C. KISHINAMI
Manager.
Hong Kong, 19th September, 1935.
POPEYE
With Quick
Service
-“Love At First Sight."
POSEVE! WHAT IN THE
SAY, WHAT THE
SECK IS
THIS
GR-1 YAM IMPERSONAKIN'
PA WOM
Nevertheless some scepticism prevails as to whether the ship ment will be made freely avail- able through the normal trade channels-Renter.
RAW RUBBER PRICES
Latest Quotations From Singapore
Messra. H. B. Joseph and Co. have
the following: received Straits-currency quotations from Singapore for raw rubber:
Spot 21% Down b. 21% 5. Jan-March 224 Down % b
2214
April-June 2234 Down,
22 a
July-Sept. 23% Down 4 b
23/2, Bar Market:-Uncertain
SHANGHAI COMMERCIAL & -- SAVINGS BANK LIMITED
(Incorporated in China) Capital paid up .... $5,000,000. Reserves
$7,500,000. Capital Savings Dept. $500,000. Eeserve Savings Dept. ~ $800,000.. Head-Office-Shanghai
A Bank having as its mission the industrial development an China and the fostering of ber 'commmercizi relations abroad.
Hong Kong Offcis,
[#7,"Ice:Heuse" St. Phone:31431-2-3.
Douglases $35 a
Strimbosts $4 n. 4 Indo-Chinas (Pret), $30 n. Indo-Chinas (Def.) $11 = Shell (Bearer) 80/- n. Union Waterboats $1114
Mining
Antamoks $1 =-
Balstoes $17 n.
Baguio Gold 22 cts."z.
Benguet Consolidated $134 b. Benguet Exploration 18 ets. u. Big Wedge 8 ct. - Gold Creek 30 cts. n. Gold-River 54 cts. n. Ipo Mining 90 cta. 1. Itogons 361⁄2 ets. 21. Salacots 15 ets. 1. Kailan Mining Ad. 12/- n Langkats (Single) Sh-$13 m. S'hai Exploration Sh.$41⁄2 n- S'hai Loans Sh.$54 0. Raubs $9.35 b., $9 sa. Venz; Goldfeld-$2.30 z.
Blocks, etc.
EK and K Wharves
$39nX
29-1/16
Cotton: The market is divesting The London on New York cross- the recent advances. We would rate was quoted at 5 US$491%%, advise holders to take their profits) as compared with £—US $49172.; on fair upturns.
while the New York on London Rubber: Gossip regarding the cross-rate was quoted at £- next Restriction Committee is US$4.91%, as compared ̈ with causing some quidation. Cou-£-US.34914 sumption prospects remain bullisă.
Total sales: 312 lots.
Silk: From the statistical point COMMODITY PRICES
of view, the market is strong as | the public is showing increasing favour for silk Accumulation of fatures at around $2.00 is recom- mended.
BALDWIN'S BUSY DAY AT DOWNING ST.
(Continued from Page 1).
LEAST POSSIBLE CHANGE It is understood that the changes jin the composition of the Cabinet
The following quotations have will be reduced to the minimum.
| NoTMdefinite" deisiau was, resched" been received by Banter.
Prev. Yesterday regarding the future of Mr. Ram- |say MacDonald at yesterday's con- Closing Closingversation, but it is understood that
Flash: Cram's estimate of the production of cars. and trucks New York Cotton
and December the United States Canada during the week ended January November 16
indicates 93,177 March
July (old) units, against 89,095 units the May
previous week
Steel mill activity during the October past week is estimated at 53.7 per Spot cent of capacity.
HK and K Wharves
$3644
(new)
HK. and W. Docks $9 n. Providents (old) $1.30 Providents (new) 20 cts. ZL. Hong Kew Sh. $25714 ni. New Engineering Sh.$4 n. Shanghai Docks. 380 n.
Cotton Mills Ewo Cotton Sh$33⁄4%, n.
(old) Shanghai Cotton
Latest Quotations The following quotations were received by Beater:
NY/Landan
11.89 117T 11.78 11.71
11.47
13:09a 13.25a 13.402 13 52
11.70
∙11.61
11.66
11.56
11.55
11.33
12.30 -
· 1:22+ 12.20
New York Rabber:-- - December
12.17%
13.00
January March
13.24
Prev. To-days May close close July
.
13.29 18.55b 13.71a.
Chicago Wheat:-
Sh
Chicago Wheat 06
Date
11.77 N.Y. Cotton Dec. 11.89 N.Y. Enbber Dec. 13.173 13.00
96
499% 491–13/16 December
96
May
96%I
July
90 x
96%. 96% 90
¡Chicago Cora:---
December
60
60%
May
5934
594
July
60%
6034
|Winnipeg Wheat:----
December
86%
85
May
89% 89
July
New York Silk:--
December March May
$85 Shanghai Cotton (new) $55 Zoong Sings Sh.$12 n. Wing On Textiles Sh. $25 3, Lands, Hotels, etc. HK and S. Hotel $5 s2. HK. Lands $351⁄21⁄2 1. HK Lands 4% Debentures $100
Shanghai Lands Sh.$20 m Metropolitan Landa Sh. $10 m Humphreys $10.55 n. ELK. Realties $6.10 m. Chinese Butzker 136 n- China Realities $4 2. China Debentures, Sh.$35. D
Public Utilities HK Tramways $141⁄4 ba Peak Trams "(old) $5% 1 Peak Trams (new) $4% n. Star Ferries $90 n. Yamsikti. Fézzies $17 f. C. Light $11.10 . and sần HK Electrics $66 1. Macao Electrics 520 1. Sandakan Light $210 n. Telephones" (old)" $2474 3. Telephones (new) $10% x. China Buses Sh‡11% D.. Singapore Traction 18/n **S'pcre Traction Prež 25/- n
Industriels
Malabon Sugar $8.40 1- Cald, Marg (Ord.) "Sh.$19/1⁄2 The Call: Macy. (Pref), Sh.13 1. Canton Icas $160 m. Cements $612&
HK Ropes $3.60 b., £31⁄2
Stores, etc.
~ Dairy Farms $1890
Watsons $5.
Lane, Crawforde: $10
To-morrow.
ŁGOT TO BE FAN MAKE:ME
An
Dec.... Chicago Corn
Dec.
60% 60% Sliver Official .. 65%% €5%
Dow Jones Averizes
30 Industrials 147.31 147.06 25 off 20 Eails ... 37.59 338 41 of 20 Utilities. 29.35 29.4005 p 40 Bonds 96.63 96.70 07 up 11 Commodity
Inder 57.25 57.11 · 14 of Business Done: $200,000 shares.
GOLD STOCK INCREASE
IN GERMANY
Berlin, to-day. The Reichsbank] statement; dated November 15 and published yesterday, reveals slight increase in the gold stock and foreign currency reserves, by a total of 93.6. |0:4 million - to
million Reichsmarks. The note circulation decreased by 764 millions to a total of 3,9062 mil- Bons Trans-Ocean Service.
Mackintosh $5 n Sincere $160. Wm. Powells 70 cis n Wing On (HK) $40 1.
"Miscellaneous Entertainments $4 m
S. C. Enterprises $1:35 n. "Macao. "Greyhounds” $2 n.
Constructions (old)*234 11. Constructions (new) 70 cz. 2 Vibro Filing1⁄4 ̃1. Ch. Govt 5% 1925 GSBds
HE Govt: 4% Loan 5% prem. 33, ELK GovL 32% Loan Paz, Wallace Harpers $4 nr
Mr. Malcolm MacDonald will · re- main Secretary for the Colonies if a next can be found for him.
It is stated that there is`zie ine tention of having Mr. Anthony" Eden relinquish his position as Minister to the League of Nations so far, but it is believed that Sir Bolton Eyres-Monsell, who pre- viously zigdified, his intention of retiring, is likely now to achept a Peerage and retain his position as FirstLord of the Admiralty dne Ito the imminence of the #naval" |conference... –
It is suggested that if Mr. Ramsay MacDonald should retire- {he will be succeeded by Lord' Halifax, whom it is stated “Mr. Baldwin is amdous to return to- the Cabinet-Rember-
CAIRO RIOTING RESUMED
891/ 90%
(Continued from-Page 1)-
2.07
2.01 It became known in the course 2,021 1.98 2.02
1.98
of the afternoon, however," "that another student had succumbed in hospital to the injuries he re- ceived in last week's riots. Several
NEW YORK STOCK wounded demonstrators assembled
EXCHANGE
Latest Quotations
thereupon before the hospital” and | demanded the body of the dead student, and the police had great difficulty in dispersing the crowd. Mary open-air meetings were-
November 19
held, in which all present took an The following quotations were re losih “to fight till death for Beyp- served by Renter
tain liberation from the British clase ∙10.20 11.00 yoke.*...
KYJLondon N.Y. Cotton *May
Last
4.92%
11.66 11.56 11 56.
Three American newspaper men were cornered near the “House of the Nations" by a hostile crowd. which assumed a threatening at- 13 01. titude until it was informed that the intended to victims were 96
l'Americans and not Britons. The bulidings of all the foreign mio- sions are being guarded - by strang police detachments:
NY. Rubber
Dec.
13.17 13.05 Chicago Wheat
98% Chicago Comm
59% May STOCKS
· 59%
Copper 223. Elec Bond &
Share General Motors 58% Int. Tel. & Tel. 11% Montgomery
174
1735
59 11%
Anaconda
NY Central
US Steel
The Devil And The Deep Blue Sea."
Further disturbances are also reported from Asyut and Alexan- dria, where several hundred 11% policemen marched through “the main" streets shouting, Down with Hoare; we want the Sudan!”
Trans-Ocean Service:
THE ANGRY
MOB
HONG KON DOLLAR DIRECTORY
1936 ISSUE NOW BEING COMPIT SEND IN YOU FOR NEI
NOW