THE CHINA MAIL, MARCH 2, 1937.
Boom In U.S. Will Continue BANKS
OPTIMISM IS THE be an expected rise in prices.
KEYNOTE
Metro-Goldwyn-Mayer will build 30 The price of oil in Pennsylvania has sound stages while Warner Brothers been raised from 12 to 15 cents. This will construct:40. *
was attributed partly to the general No small interest has been created While there is some hesitancy in controlling industry in general and commodities. Speculative activity, one improvement of underlying conditions in the United States by speculating in certain phases of the American mar chiefly to the active demand for Pen-journal points out, has taken the play kets, a glance through the financial and nsylvania crude oil.
away from trade buying in most mar- commercial journals indicates the pros- The motion picture industry entered kets. perity which America is enjoying not 1937 on the crest of a wave of pros- United States U. S. Steel, the stock only has substantial background but perity and as one financial general put of which has been having a spectacu- likewise an optimistic future, writes William Parker in the "Chins Pressit, "has poured approximately a billion lar rise of late has come out with full
Federal Housing Administrator Ste-dustry during the past 12
dollars in gross receipts into the in- page advertisements to “sell” America wart McDonald announced in Washing-The film industry grossed approxim-and to beautify what has always been months." the idea of doing away with vibration ton an increase of nearly 50 per cent ately $250,000,000 more in 1936 than in a sore spot in every American city: the in some construction in the United 1935. This made a new record for the rail-road tracks. Using the slogan States for 1937. He estimated that past five years.
"Down by the railroad tracks is now the total of city dwellings to be built
Commodity Speculation
the place to live" U. S. Steel is con- in 1937 will approximate 400,000 as The weekly average of attendance veying to the American people the compared with 270,000 in 1936.
at motion picture theatres was 81,-thought that "the world moves forward In Congressional circles in Wash-000,000, coming close to an all-time re- with steel." ington it was indicated that President cord. For 1935 the weekly average at- Roosevelt's
In addition to figures made public legislative
programme tendance was 71,000,000 while the by the Government, the survey of the would contain few surprises such as figures for 1933 showed only 54,000,000 United States showed 1937 will be a that concerning the United States Su-persons attended the film shows. good year for the building trade gen- preme Court. His
programme was
Considerable, building is under way erally. said to aim at extending and re-affirm- at the various stadios in Hollywood. there exists a tremendous shortage of Authorities emphasized that ing Administration acts which are due to expire. Among Roosevelt's poten- tial legislation is that dealing with So- cial Security. Law and the National} Labour Relations Act
Emergency Ship-Building
Maritime Commission "experts" are, understood to be shaping an emergency
COMMODITY PRICES
The following quotations have ship-building programme. This would been received by Reuter call for the construction of 40 cargo]
vessels
with speeds from 16 to knots. This aggregate deadweight
20
tonnage would be 260,000 and the total New York Cotton: cost is estimated about $60,000,000.
The price of big iron has been ad-September vanced 50 per cent in the Pittsburgh
Prev. Yesterday Closing Closing
March
13.03
13.24
There would be four classes of car-!
go ships to compete with ship-building May
12.74
12.90
programme of other nations. One July
12.52
12.68
the third would be a 16-knot 10,000-ton January
class of cargo, liner" would be of the October 18-knot 10,000-ton type; the second: December would be approximately 8,000
12.02.
12.12
11.95
12.05
tons;!
11.95
12.05
cargo liner and the fourth class 8,000 Spot
13.34
13.50
tons of lower speed. It was said that New York Rubber: the American Merchant Marine is viewed in shipping circles as somewhat behind that of Britain, Japan, Germany
March
21.85n
21.85a
May
21.98
21.96
and Italy.
July
22.10
22.10
22:13
22.19
district and the price rise has been followed in other sections of the coun- Chicago Wheat: try. Pig iron was more active in 1936 May
¡December
22.15a
22.15a
1314
than any years since 1929-30. -
Retail Trade
July
113%
132% 114%
Retail trade in the United States for September
111
112.
most optimistic expectation Mer-May
the holiday season was beyond the Chicago Corn:
1074
107
chants also were gratified by clearance July
1024
102%
sales during Jannary. They are handi-
capped, however, that very small stocks September
95%
95%
were left over after the Christmas Winnipeg Wheat: buying rush. During the year there May
125
will be a general movement by mer-] July chants to advertise "buy now," basis of this newspaper argument willj
the
October
1214 110
126% 12212 111%
THE BANK OF EAST ASIA, LTD.
THE
Authorised Capital
$10,000,000.00 5,298,800.00
modern homes.
· POLICE RESERVE ORDERS
Police Reserve orders by the Hon. Mr. T. H. King, Inspector General of Police, state:-
.
HONG KONG AND SHANGHAI BANKING CORPORATION
Authorised Capital $50,000,000 Issued and Fully-Paid-up. 20,000,000 Reserve Funds:-
Sterling
6,500,000
$10,000,000
Hong Kong Currency
Reserve
Reserve: Liability of Pro-
prietors
$20,000,000
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS. G. Miskin, Esq.,
Chairman
-M. T. Johnson, Esq.,
Deputy Chairman.
J. K. Bousfeld, Esq.. 5. S. Marison, Eag
A. E. Compton, Esq., Hon Mr. J. J. Paterson, Hon. Mr. S. FL. Dodwell, T. E Pearce, Esq., J. B. Matson, Esq. A. L. Shields, Esq.
V. M. Grayburn, Esq., Chief Manager.
AMOY
BANGROE
BATAVIA
BOMBAY
CALCUTTA
CAN
COLOMBO DAIKEN FOOCHOW HAIPHONG
HAMBURG HANKOW ELABBIN
HONGKEW
ILOILO
IPOH
The un-
KOBE
Chinese Company Training Course Part II dermentioned members of the Chinese Company will attend Chinese Company Headquarters on Tuesday, March 2nd Fat 17.30 hours for Part II of Training
Course:-
Constables R2 Chan Tak Chiu, R4 Tam Hiu Fung, R5 Woo: How Ching, i R6 Chan Shik Chun, E9 Wong Yne Shun, R25 Lee Chee Leung and R34 Napoleon Leung Pani
Indian Company
Training Course Part II The un- dermentioned members of the Indian Company will attend. Indian Company Headquarters on Wednesday, March 3rd at 17.30 hours for Part II of Training Course:---
ΝΟΟΥΜΟΣ
BRANCHES
KUALA LUMPUR
LONDON LYONS MALACCA
MANILA MUAR (Jobore) MUEDEN
NEW YORK FEIRING PENANG PANGOON SAIGON
SAN FRANCISCO SHANGHAZ SINGAPURE. *** SOURABAYA SUNGEI PATANI THENIXIN TOKYO TSINGTAO YOKOHAMA
Current Accounts opened in Local Currency and Fixed Deposita received for one year, or shorter periods in Local Currency and Sterling on terms which will be quoted on application.
ATSO up to date SAFE DEPOSIT BOXES în various sizes TO LEL
Hong Kong, 1st March, 1937.
HONG KONG SAVINGS BANK
The Business" of "the above Bank is conducted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. .. Eales, may be obtained on application.
FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION
M. GRAYBURN,
Chat Manager.
Hong-
Lance Sergeant B241 Sultan Khan, and Constables R201 S. 1. Bar, P2031 Mohamed Din, R207 Feroz Ali, R225 Kasim Ali, R226 A. R. Razack, R240 Ghulam Hussain, R250 A. Hamid, R256 THE YOKOHAMA SPECIE BANK
S. A. Khan, R262 Omar. Hoosan and R282 Latif Khan.
Emergency Unit Reserve
Riot Drill.-A Riot Drill will be car- ried out by members of the Emergency Unit Reserve on Friday, March 5th, 1937. All members will parade outside Queen's Pier at 17.20 hours. Dress Optional
C. Champkin,
LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 Reserve Fund
Yen.130,900,000
Head Office: YOKOHAMA Branches and Agencies at
D. S. P. (R)
Alexandria Bangkok
Batavia
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
Incorporated by Boyal Charter, 3858.
HEAD OFFICE: LONDON
Berlin
Moji
Nagasaki
Nagoya
New York Osaka
Nico
AMERICAN EXPRESS COMPANY INC.
Incorporated with Limited Liability in UScho
Head Office: 65, Broadway,
Capital Surplus Reserves
New York.
*****$6,000,000.00
BAMANGHRS:
Amsterdam Antwerp
Athens
Beale Bache Bombay Brussels
Assosn
Glasgow The Hague
Hamburg Heidelberg Interlaken
2,240,344.38. 897,612.651
Paid-up Capital
Eeserve and Undivided Profits
HEAD OFFICE;—HONG KONG.::
“10, Des Veer Boad, Centrali
BOARD OF DIRECTORS
Hon. Sir Shou-son Chow, Chairman; Lễ Koon Chen, Esq., P. K. Kwok, Esq. Wong Yun Tong, Esq., Chan Ching Shak, "Taq, Li Laur Sera Bag Trong Còn sau, Tro và in Thị Po, Esq.
Kan. Tung Po, Eag, Chief Marager, Li Tas Fong. Fac-Manager.
BRANCHES-AND- AGENCIES --
Manito Melbourne
· Segéle
Vancouver
Bombay
Calcutta
-Canton
Dairen (Dainy)
Utara
Paris
Peiping
Fenghien (Mukden) Rangoon
Hamburg
Rio de Janeiro
Paid-up Capital
£3,000,000
Hankow
San Francisco
Reserve Fund Eeserve "Liability of Pro-
prietors
.£3,000,000
Harbin
Seattie
Hong Kong
Semarang
£3,000,000
Honolulu
Shanghai
Agencies and Branches:
Hsinking
Singapore
Ámay
Aloe Star
Boño
Batavis
-Scumstang
Bombay
Shanghai
Bangkok
Rangoo Saigon Semarang
Karachi
Sourabaya.
Kobe
Sydney
Calcutta
¡Canton
Now Lock செக
Singapore
Betaria
London
Tientsin
Haiphong
Beskow
Sourabaya
Syd
Bombay
Marila
Caloutta
Cantan
Kuching
Tokyo Tsingtan
Honolulu
Madem
Yingkow
Kobe
Kowloom. Londen
Cole...be
San Francisco
Manila
Meda
New York
Trong
Paiping
burg
(Paling) Penning
Jerngalam
London
Liverpool
Locarno
Lugano
Luxe
Monte Carlo
Morish Montreux
Southampton Singapore Tientsin Vienna Venice Yokobama Zurich
Branches of American Express Company in Principal cities of United States of America and Canada,
All classes of Commercial Banking Transactions undertaken.
Personal-
investment:
*Company offers to inten ellers the use of its “Travel beques” and Letters of Credit and; the world-wide services oroughly equipped. Travel
EW. DUGGAN,
Department
Manarer
Every description of Banking and Exchange business : transacted. :>- Loans: granted on approved.
securities.
Current Amounts opened in Local: Currency and "Fizad, Depositar": koorived · · for shorter periods in Looul: and- Foreign Currencies -on-terma which will be quoted on application.
Safe Deposit Boxes To Lat.
– KAN TUNG-PO;
Chief Manageer.
THE WING ON BANK, LTD.
Head Office: Hong Kong. 26, Des Voeux Road, Centrală Authorised- Capital $10,000,000
LONDON BANKERS--
Westminster Bank Ltd. reign. Echange, and every des ption of banking business transact-
Current Accounts and Savings: Ac counts opened. Mixed Depocits re- tates which will be quoted on applicatio
Trusteeship & Executars
under..
te Deposit Boxes for hire.
PHILIP GOCKCHIN,
Chief Manager
Harbin
Hang Boar
Foreign Farhangs and General Banking business
Current Accounts opened and Fixed Deposita received for one year or shorter periode at zate which will be quoted on application
The Bank Head Offow in London. Ezsoutor and Trustee business, recovery of British” Innors -- Talk sharms which may ibé:ascertained":
Agencies and Branches.
The M
BREARLEY-
1935.
Printing
Cring Mall Bliz
ham St
Los Angeles
Interest allowed for Current As-
counts.
Deposits received for fixed periods at rates to be obtained on applies tions.
Y. KANO,
Manager Hong Kong, 13th November, 1936
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED
(Incorp in China)
21138.
35,000,000.-
00,000.