BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital
$50,000,000
Issued and Fully-Paid-up. 20,000,000.
Sterling
HEAD OFFICE: HONG KONG.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorpametal, der Bapak Cheese, JEL
HEAD OFFICE: LONDON
Agencies and Branches:
Reserve Fundaz——
..$ 6,500,000
Hong Kong Currency
Paid-up Capital
Reserve
$10,000,000
Reserve Fund
_$$,000,000 £3,000,000
Reserve Liability of Pro-
prietors
$20,000,000
Reserve Liability of Pro--
prietors
„£3,000,000 |
Alor Star
Bengoats
Amri
Baigo
Semarang
Batavia Bouba
Seremban
Kanting
Comaporn Cibe
•
Manis
Luping
Chemba Daki
Kedun
Now Toch
! Haphong
Hap Babary
Pakping
Pacing Penang
Zamboanga
BOARD OF DIRECTORS.
Hon. Mr. J. J. Paterson
་
Chimen
G Miskin Eage
Deputy Charmed.
J. E Hamon Esq,
A. EL. Compton Esq, L. E. Pearce Eag,
Hon. Mr. S. M. Dodwell,
J. A. Plammer Esq.
Hon. Mr. M. T. Johnson,
*NOT
AL. Shields Eaq..
V. M. Grayburn, Esq.
BANGTOK
BATAVIA
BOMBAY
CALCUTTA
CANTON
CHEFOO
COLOMBO
Chint Manage
BRANCHES
LONDON
LTONS MALACCA
MANITAA
MUAB HOMECO)
MEDIA
NEW YORK
Barbia Hang Img
Fode
Kasin Jumper lingspom
Foreign, Fachmaga and General Banking buslases
transected.
Cermes Accouze opened, and Fined Deposite roved for the year or sharing · pacioda at palen. which will be quoted on application.
basimom, and elnissa
THE CHINA MAH, WEDNESDAY
Commerce and ADVERTISEMENTS
NEW YORK SHARE MARKET
Large Volume Of Business
REMARKABLE RECOVERY SHOWN
Messrs. White, Weld & Com pany, New York Correspondente for Messrs. S. E, Levy & Com- pany, report:—
Stocks: There was a remarkable recovery to-day, largely in low- The Bank's East Offos in London sadar priced issues. Exmomiar wod Frankes
The large volume Recovery of Beitiak Income Tax wwwpaid on of business transacted beton which may be moutained at any of dim
exceeded 1Agencies sod Branchen.
the technical proportions of the A BREARLEY,
market, bringing industrials new high levels. Although rails have shown only 50 per cent of the technical rebound, the move- ment is likely to go further and
PESPANG
DAIKIN
PENANG
KOOCHOU
INGOOK
FAIPHONG
"
SALOON
Manager. Hong Kong, 1st January, 1985.
SAN FRANCISCO
HASKOV
BARRIN
HOM
HAILO.
КНОВЕ
KOBA
KOWLOON
KUALA LUMPUR
SHANGHAI
BINGAPORE
SOURABAYA
SUNGE PATAXI
TIENTSIN
JULYO
TSINGTAO
Caprons &conasia opened in Local Catramay sad: Mammary and Bharing en sete vod de pès your or sharine
which will be quoted on, application.
in
4580 19 = a SATT DEPOSIT BOZES in Mariona vile TO 12.
Hong Kong, 24th February, 1938.
HONG KONG SAVINGS BANK
Pha Busiasm of the shore Bank in sanduck- AND SHANGHAI od by the TONG ZONG BANKING CORPORATION, Bode By 46
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.
V. X. GEATECEK,
Hong Kong, 24th February, 1936"-
THE BANK OF EAST ASIA, LTD.
Autherland Capital
$10,800,000,00 Paid op Capit
5.500.000 20 Basin and Cudividid Proóte ————$ 2,800, 305.67
HEAD OFFICE-HONG KONG.
to
THE CHINA & SOUTH SEA BANK, industrials may be purchased with
LIMITED
(încorporated in China)
Head Office Shanghai -
Capital
$7,500,000.00 -$1,500,000.00
Branches -- All Important Cities in
China
Foreign, Kaolewage and Cinooral Booking Business
Guzman and Baring Locmunde opsoet sol Fiond Depronte mortal for one year de nueve y në, pakng wkiek wilt lag goond en upplestias-
BOU Z CHING.
HONG_LONG_ERANCH:
2. Der Taux Bowl, Cucchi).
Massagar"ı 000
Farsign Emhange Dept. - nem
Chaser) Dis Canisint's Offi
Tel. 300M
32647
THE WING ON BANK, LTD.
Head Office: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000
LONDON BANKERS: Westminster Bank, Ltd. Foreign Exchange and every des cription of banking business. transact (ed.
stop-loss orders fairly close to pro- tect against a secondary reaction. Business done:-S,270,000 shares.
Cotton: Continued good exquiry on the cotton-goods markets is the mainstay of the market for the raw material Prices to-day continued to be well supported, with good domestic and foreign demand.
Wheat: The domestic situation continues strang despite the de- pression on the foreign markets caused by good crop reports. We are still bullish for the long out- look on the nearness of the supply and demand situation and we would accumulate on any marked declines. Total sales:-28,798.000 bushels.
Cor: Other than the light stocks in Chicago, there is little to account for the resumption of have increased, the cash position aggressive buying to-day. Receipts
is easier, the weather is favourable Current Accounts and Savings Ac-and further liberal purchases of Kang. Reg. Wong Chu Son, E. and Kar Tceived at rates which will be quoted led States; these factors, however, Tun Tong Eng. Clan Cling Sask. Egy a counts opened. Fixed Deposits re-Argentine corn are due in the Unit-
23, Dua Vaux, Bond, Central.
BOARD OF DIRECTORS:—
Hoa. Siz Shou-son Chow, Chairman.
Icon Chua, Esq. P. L. Twok. Ing. Wong
Ing.
** The Fong, Raj, Manager.
** BRASCIRES AND AGENCIES S
kuunot
Bateria
Mandia
Malbourne Nagmaski
[on_application.
Trusteeship & Executorship under taken. Safe Deposit Boxes for hire
PHILIP GOCE CHIN, Chief Manager.
Seattle
Bombay
Calumma
New Look
Samsung Kbangkan Sexpupien
Canton
Haiphong "
Paris
Fa
Paiping
Monotyles
PAME
SO F
Sydory
Zienrain
Vancouve Yokohama
THE MERCANTILE BANK OF
Every description of Banking and Exobangs
Leman grant on approved ;
Current Amounts opened in Local Currency and Plzed. Depozita zossíved_for_one_game de aborier parlato ka Local and Farwigs Chizencies Un wens which will be queret an appliant.
Bata Deposit Bonus Za žel
*W TONG 20.
....- Chad Kaznger.
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (full paid-up) Yen.100,000,000
Reserve Fund
„Yen.190,960,000
Head Office: YOKOHAMA
Branches and Agencies at
Alexandria Bangkok Batavia
Berlin
Bombay
Calcutta
Canton
Hoji Nagasaki
Nagoya
New York.
Osaka
Obru Paris
Dairen. (Dainy) Peiping Fengtien (Maiden) Rangoon Hambert
Harbin
Boar Kont
Honolulu
Bsinking Karachi
Kobe
London
Rio de Janeiro
San Francisco
Seattle
Semarang
Shanghai
Singapore
Sourabaya
Sydney
Tientsin
Los Angeles Manila
Tokyo.
Tsingtan
Yinstow
Interest allowed for Current- Ac counts.
Deposits received for fixed periods st rates to be obtained on applies-
Han.
"I. KANO,
Manager.
- Hong Kong, Lộth November 20
THE
SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)
$5,000
Capital paid up
Beserves
Capital Savings Dept. $500,000. Reserve Savings Dept. $880,00G
Head-Office--Shanchal
A Bank having as its mission the industrial development China and the fostering of her commercial relations abroad.
Hong Kong Office
6, Queen's Road Central
Phone 11.16.
INDIA, LTD.
HEAD OFFICE:
15, Gandharek Elemet, London. X-CB. Authorised Capital...£3,000,000 Subscribed. Capital 1,800,000 Paid-up Capital
...... 1,050,000 Reserve Fund & Rest 1,247,830
MAKKEES
·The Bank of England & Midiand Bank, IAL
BRASCHTES:
Ipoh
Bangkok
Bombny
Loody
Calcula
Кикий
Kota Bharu
Daiki
Gella
Hang Long
Howrah
Xusiai
Kuala Lumpur
New Took Penang -Port Louis
*43maritius) Sad Cook Shanghai
Kosten (Pahing) Simin
Singapore
HONG KONG BRANCH Every
dameription of Banking and Exchange
Cremalines Cheguan fasted.
balanced
Trosis and Exsenimships undertaken. INTEREST allowed on Current Accounis and Fixed Deponite at Rades tầmủ tony ha macertained on application.
E. KDNKEDI.
7. Qowen's_Bend, Captai
Hong Tranh đánh Anh. T
Finance
LOCAL SHARE MARKET
TO-DAY'S QUOTATION
The following was the list of local
share quotations issued yesterday.
Banks HK. Bank $1685 b. & an HK. (Lon. Reg.) 107. Chartered Bank £15% n. Mercantile Bank A. and B.
£3214 IL
Mercantile Bank C £14% Bank of East Asia $83 n.
Insurances
Canton Ins $263 h.
Union Ins. $500 b.
China Underwriters $1 n. H.K. Fire Ins. $255 n. International Assce. Sh. $31⁄4 n
Shipping
Douglases $30 n. H.K. Steamboats $5 a. Indo-Chinas (Pref) $35 z. Indo-Chinas (De) $36 Shells (Bearer) 118/9 n. Union Waterbosts $10% n.
Docks, etc.
HK and K Wharves $109 n. HK and W. Docks $14 n.
Providents (Old) $2 z
Providents (New) 20 cts. a. New Engineering Sh.$4 n. Shanghai Docks Sh.8811⁄2 n.
Mining
Kailan Mining Ad. 15/- 1. Raubs $13.70 62.
Venz. Goldfeld $5 b.
Lands, Hotels, etc. H.K. and S. Hotels $6 s. HH Lands $381⁄2 #-- HK 4% Debentures 105% Shanghai Lands Sb. $13 m. Metropolitan Lands Sh.$10 n. Humphreys $94. b. H.K. Realties $5% + Chinese Estates $78 China Realties Shiin. China Debentures Sh$60 n
PHILIPPINE MINING
Antamolcs
in- have had, only a temporary fluence on the market and, with
class strong
buying disclosing: numerous stop-loss orders, a sub-toks sequent up-turn in prices was Baguio Gold brought about.
Closing Rates
Sales 10 am, Local En Pesos Currency
3.90
56
Balatoe Mining Benguet Consol
15%
14%
281
46
04
OT
59
1.75.
180
47
914
$2
Rubber: The market continued Benguet Explor firm on the strength of the mar- Big Wedge kets abroad. Scattered commis- Consolidated Mines sion-house selling was absorbed by Demonstrations buying on the part of dealers.
Ipo Gold
IX L Itogors
Masbate Consol,
Northern Mining Paracale Gumans
**90*
Flash: The Southern Railway shows earnings for the 9 months ending September 30th. of $1,640. 832. compared with 3 loss
of Salacot Mining |$2,975,278.for the same period of San Mauricio
2.70 Suryoc Consol. last year.
55 United Paracales... 160
Public Utilities H.K. Tramways $1180 64 312)
Bring Your PRINTING *Problems to Us
THE NEWSPAPER ENTERPRISE LTD.
MARA, MAIL KRS-
AMERICAN EXPRESS
COMPANY
TRAVELERS CHEQUES
IN US. DOLLARS
AND STERLING
CAN BE CASHED
THE WORLD OVER
THE AMERICAN EXPRESS CO, INC.
Incorporated with Limited Liability in U.S.A.
No. 4, Des Voeux Road, Central.
S2.
Peak Trams (old).$61⁄2 n. Peak Trams (new) $2% n. Star Ferries $9274 b. Yaumati Ferries $25 b." C. Light (Old) $13.65 n. C Lights (New) $10. HK. Electrics $52/52 sa. Macao Electrics $20 m Sandakan Lights $8.30 n Telephones (Old) $283⁄41⁄4 b. Telephones (New) $10.65 n.
CKS SOCIETY OF HỒNG TỪ
PENUTICE
SEVENTE
ANNUAL
1. GENERAL MEETING will be
held in the JACOBEAN ROOM HONG KONG HOTEL at 5.30 pm.) on THURSDAY, 19th November, 1936.
BUSINESS
(1) To receive the Annual Re
port and Statement of Ac- counts for the year ending 30th September, 1936 (2) To elect Officers for the en-!
suing year.
B. H. C. HALLOWES,
Hon. Sec.
PUBLIC AUCTION
THE Undersigned have received Tinstructions to sell by Public
Auction.
on
Friday, the 20th. November. 1936) commencing at 230 pm.
at their Sales Boom. No. 35 Harlow Road. Kowloon A Quantity of VALUABLE HOUSEHOLD
FURNITURE
Comprising
Black Wood Ware, Teak Bed Room & Dining Room Furniture, Drawing Room & Office Furniture, Pictures, Cutlery, Ornaments,
Glass & Porcelain Ware, E. P. & Brass Ware, Enamel Bath, Elec- tric Table Lamps, Curios, etc, etc also
One Radio Set.
One Radio Gramaphone. On View from Thursday the 19th November 1936.
Terms: Cash on Delivery.
LAMMERT BROS..
Auctioneers.
Hong Kong, 18th. Nov. 1936.
LOCAL DOLLAR STEADY
Silver Prices Rise
November 17. The local dollar is steady, opening Oa demand - this morning at 1/2 %.
"Spot" silver rose 3/16 to 21. while "forward" also rose 3/16 to (214
SAILING TO
MANILA
EMPRESS OF RUSSIA
NOVEMBER 20th
HONG KONG
TO
"PACIFIC COAST
17 DAYS HONG KONG TO VANCOUVER
via the Direct Express Route
18 DAYS HONG KONG TO VANCOUVER
via Honolulu, the Paradise of the Pacific”
29 DAYS HONG KONG TO UNITED KINGDOM (via direct connecti
EMPRESS OF RUSSIA
SAILS FOR VANCOUVER via SHANGHAI & JAPAN
AT 6 AM
NOVEMBER
WEDNESDAY,
25th
For Information Apply To Your Own Agent Or
Canadian Pacific
SPANS THE WORLD ---
Tel. 20752
PRIVATE ENTERPRISE Many inventors and business
AND SCIENCE
-(Continued from-Page 4)
organisers have contributed to the development of electric transportas tion as it is to-day, but few åre so well remembered for their work as Franic-Julian Sprague.
While
in England in Sprague considered the possibility
1882
Electric Transportation Millions of persons each day of operating the London district ride to and from their work and railway electrically, first planning The London on New York cross upon other missions as rate was quoted at £US$4.58%, electric street cars,
well in the use of the main and working as compared with U.S.$4.89, been developed directly from the f
which have conductors, the latter to be carried while the New York on London first horse-drawn street
between the tracks, with automatic cross-rate was quoted at New York City, a marvellous con- US$4.88-11/16, as compared with veyance of 1832. (£ U.S.$4.89-1/16.
1
car
COMMODITY PRICES sent-day trolley cars of the city tween two contact planes, the ter-
and
of means for maintaining tension.
Free Movement But to meet the complication of Electric transportation, which switches he later conceived the takes into consideration the pre-idea of a car moving freely be streets, the elevated
other minals of a constant-potential gen- The following quotations have third rail trains, and the great erating system, for which in prac been received by Beuter:-
electric locomotive used on zail-tice would be substituted the rails Prev. Testerday roads for both long and short and switches, with wheel contact. Closing Closing hauls, owes its existence to private and roof-supported conductors fol- Jenterprise almost entirely. Inven-lowing the centre lines of tracks Itors, depending upon their ownland switches, with under .contact meagre funds er backed by private from a compensating device car- capital, kept at the problem of ried on the car over the centre of electric transportation until to-day, the trucks. This was the genesis we have the most ingenious of of the present-day trolley, vehicles, such 28 the modern
In 1887. Sprague equipped in streamlined electric street car used Richmond, Va., what is said to Jin America.
First Dynamo
It was in 1875 that a poor ¡mechanic of Kalamazoo, Mich., George Green, applied the electric dynamo to a street car and created the first electric street car. Two years later Stephen Di Field bulit
New York Cotton: December January
11.84
11.86
11.74
11.73
¡March
11.76
11.75
May
11.70
11.71
July
11.58
11.60
October
11.245 11.25
Spot
12.29-
12.30
New York Rabber:
¡December
18.07
18.222
January
12.091
18.211
March
18.12
May
18.13-
China Buses Sh.311
.
Singapore Tractions 27/- 1.
July
18.160
18.26 18.27 -1828
Singapore Pre£ 27)– n.
September
18.20
18.30
October
18.23n
18:32
Cald, Macg. (Ord.) Sh.$19% n. Cald, Macg. (Pre) Sh$15 n. Canton Ices $220 . Cements $10.60 sa
[Chiengo Wheets
December
1184
118% Leessfully with electric current gene
May July
115 702%
HK Ropes $3.90
Chicago Corn: December
10334
106
May
96
Dairy Farms $22 n.
July
93
95
Watsons $485.
|Winnipeg Wheat:
November
109
December
May
1062 108
1083% 106 108
Industrials
Stores, etc.
Lane, Crawfords 163⁄41⁄2 */ Sinceres $3
wing On (HKD): $50 m
Cotton MIL
Ewo - Cottons Sh$1£35 b.- 11:40-
Shanghai Cottons (Old) Sh$82)
Shanghai Cotton (New) Sh.445 Zoong Sings Sh. $21 n. Wing On Textiles Sh-$25 a
-Miscellaneous P Linments¬Bìn actfonie (Old) $150
tigns, (New); 474, eta.
ovt. 52% - 1925/GSEJ:
ELK. Govt. 4% Loss
HLR. GOT 34% Loan
jhave been the first modern trolley system in the United States He died in 1934 at the age of 77
ROTARY CLUB TIFFIN
the first street car to be run auc- Prof. Forster. Concludes
115% ferated by a stationary dynamo. 1022 In Field's system, devised to sup
THEY ORDERED HUT OFF THE PARADE GROUND ›
Talk
plant the cable cars then in opera At yesterday's Rotary Club tion in San Francisco, the current(tiffin, Prof. L. Forster concluded 96% was carried by one of the rails to his narrative of his recent journey a wheel of the car and thence to from Calais to Kowloon by train. the motor.
From this it Bowed) The Chairman, MrWEEN. back through the other wheel. Thomas Tam, aangunced that the which was insulated from the first speaker at next week's meeting one, through the other rail to the would be the Rev. C. B. R. Sar- dynamo. At the Railway expo-gent, MA Headmaster of the tion in Chicago in 1883 was ex Diocesan Boye School, who would hibited a small electric elevated talk on Russia. December 1, said railway system in operation. A Mr Tam, would be Ladies Day, at train was pulled by a 15-horse which Mrs. F. C. Hall would be power locomotive upon a firees the speaker.
A ment of the exposition visitors. foot gauge track for the entertain-Mr. Tam extended a welcome to Betariana S. T. Williamson and "Esther Of The Trolley LC. T. Bellamy, who recently re-
Charles Van turned from leave. Depoele, a Belgian who migrated A distinguished visitor intro- to America in 1868, has been call duced was Rotarian James A. ed the "father of the troley" it Rabbitt, of Tokyo, who visited is said upon good authority that Atlantic City for the Rotary Con- the trolley that is used to conduct ference croir felectric current to the street car Other gamta introduced, were. actually was the invention of Mr. M. Hasenkamp, of Bremen'; young American named John C. Mr. M. Bouffner, of Hong Kong could · Henry His first trolley car ran Mr. R. F. G. Kelly”.
between Kansas City and Indo- General M. A. Cohen, Ipendence, Kas.
and Mr TF. Chen, of Swatow
Warsaw-A man in Posen bought a former cavalry horse. When driving him near the Uklan barracks a trumpets sounded.
The horse immediately rae- "ed with his cort on to the bar- mck square, and took up his place at the head of the regi-
It is said that, when he was, driven off, his hand drooped:
his disappoin
Although