THE CHINA MAIL, APRIL 12, 1937,
BASE METALS IN 1 LOCAL DOLLAR BANKS
DEMAND RESULT OF ARMS RACE
Worldwide industrial Tecovery and the race to re-arth by important ‘inter- national powers created a record post depression demand for all types of base metals in 1988,
London Silver Prices
"The dollar opened yesterday at 1/2-27/32.
on. demand
"Spot” silver was quoted at 20- 15/16 and "forward," at 21.
The London on New York cross- rate was quoted at £US.$4.8990 and the New York on London
Berlin Bourse
Prices pointed steadily upward cross-rate at 4.90–3/16. throughout the year in most fields and statistical positions improved so rapid- ly that curtailment regulations, invok- ed in the early 30's to prevent complete chaos, proved unnecessary in all but a few instances; go.
to
The steel industry had by far the most romantic chapters in the book of recovery. Ingot output moved upward from 48% per cent. of capacity around 77 per cent. with 90 per cent. of demand coming from markers of plow shares and other peace-time ma- terials, rather than swords.
Somewhat unprepared for the great rush of buyers, big steelTM companies poured many millions of dollars into new equipment to keep pace with the
tempo of consumption. Just be fore... the end, of the year a general
дер
Berlin, To-day.
ALBEER BANKS
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA
HEAD O
Agencies and Branchens Ba
HONG KONG AND SBANGHAI BANKING CORPORATION
thorised
Reserve
71$50,000,000 2015.3; 20,000,000
$4500.000
100,000
$20,000,000
OFFICE: ED”G EÐ
1858
Sterl Hong
Paid-up Capital
,000,000
Reserve Sility
Reserve Fund
£9,000,000
prietors
Reserve Liability of Pro
-prietors
1,000,000
Amritsar
Bangoon Baigon
ex-
Bangkok
Bamarang
Balavia
Seremban
Bombay
Foba
Calcutta Canton Cavapora Cobu Colombo Delhi. "Haiphong
Kunis Lumpur
Kuching
Madras
Singapore Sitiawan Bourabaya
Monils
Taiping
Medan
Tientsin
Now York
Tongkah
Peiping
Hamburg
(Peking)
Tsingtao
Hackow
Penang
Yokohatna
Harbin
Zamboanga
Alor Star Lively trading and firm prices
the stock were witnessed on change on Saturday.
Buying orders poured in from banks, operators and the public, the reason apparently being publication of several favourable industrial balance sheets.
on
Industrials are, therefore, looked as a "good thing."-Trans-
Ocean.
price advance was announced for the Singapore Raw Rubber
first quarter, of 1937. The action fol- lowed by a month an increase in the wages of steel workers aggregating 10 per cent.
Messrs. H. B. Joseph & Co., have received the following quotations from Singapore în Straits Currency
The composite price of finished steel for Raw Rubber: products rose from 2.130 cents a pound at the end of December, 1935, to the 2.274 cents early in December of 1936, Spot which compared with the 1929 high of May/June 2,817 cents.
July/September October/December
Market: Uncertain.
Buyers
41% Up % 42% Up
422 Up 2 42% Up
Brilliant records also were turned in by copper, lead and other important metals. Domestic copper advanced from 9.25 cents a pound to 11 cents late in the year after export metal had pound to 53.50 cents and then settled pointed the way by rising to a sub-back to slightly above 52 cents. stantial premium over the home base. Silver was dominated almost entire- * The international regulation agree-ly by the United States, treasury's ment whereby foreign producers buying policy. The open market price agreed to curtail production was in-fluctuated between 44% cents and voked several times to step up produc- 49% cents a fine ounce with the lower tion to meet insistent demands from quotation in effect as the year drew to armament makers and other users.
a close.
THE WING ON BANK, LTD.
Head Office: Hong Kong. 36, Des Voeux Road, Central. Authorised Capital $10,000,000 LONDON BANKERS ---- Westminster Bank, Ltd. Foreign Exchange and every des-
Domestic lead scored the biggest gain percentagewise, advancing from 4.35 cents a pound, East St. Louis basis, 10 around 5.95 cents at mid- December. The last quarter of 1936 released a pent-up flood of consunter. and speculative buying with the cable- makera, public utilities and battery manufacturers taking large quantities. Zinc likewise attracted considerable purchases but the metal was less rescription of banking business, transact- ponsive pricewise. It rose from 4.85 ed. cent. East St. Louis basis, to around 5.25 cents, Stocks in the United States were estimated at around 55,000 tons at the end of the year, compared with 84,000 at the end of 1935.
Current Accounts and Savings Ac- counts opened. Mixed Deposits re- ceived at rates which will be quoted on application.
Trusteeship & Executorship under Tin was beset by uncertainties sur=| rounding the international restriction taken. Safe Deposit Boxes for hire. scheme, but prices pointed irregularly higher. It rose from 48.80 cents
PHILIP GOCKCHIN, Chief Manager..
Rour Kong
floilo
Pooki
Eleng
Foreign Exchange and General Banking business transsoted.
Current Accounts opened and Fixed Deporte received for one year or shorter periods at ̋ratos
The Bank's Head Offee in London undertakes claims Executor: - and Trustee business, .. and
which will be quoted on applicati
recovery of British Income Tax ovarpald, on Agonoles and Branches. term which may be ascertained at any of its A. BREARLEY, KA
Manager.
Hong Kong, 1st January, 1985.
THE BANK OF EAST ASIA LTD.
Authorised Capital..$10,000,000.00 Paid-up Capital
Reserve and Undivided
Profita
5,598,600.00
$2,776,726.76
HEAD OFFICE:-HONG KONG. 10, Des Vœux Road, Central.
BOARD OF DIRECTORS:---
on Sir Shou-son Chow, Chairman Li Koon Chun, Bag, P. K. Kwok Eag. Wong. Yun Lan Tong, Esq., Chan Ching Bhak, Raq
Esq
Wong Chu Esi, Esq, and Kan Xing Suns
Po. Esq.
Amoy
Kan Tung Po, Esq., Chief Manager. Li The Forg, Esq., Manager.
Batavia
BRANCHES AND AGENCIES
Manila
Melbourne
Bombay Calcutt Canton
Nagasaki
New York
Osaka
Haiphong Hankow Honelalu Babe Kowloon London
Peiping
Besttis Sumerang Shanghait Eingapore Sobrabaya Ewatów Bydiwy
PenangTMTM
RFL2000
Tientain
Blad you
Tokyo
San Francisco
Vancouver
Yoicherte
Every description of Banking and Exchange business transacted. Loans granted an approved isouriciaG
SMITH Johnson, Esq.,
Deputy Chairman.
JK: Bousfeld, Esq., ---K. 8. Morrison, Esq., A. H. Compton, BeqHm. Mr. J. J. Paterson, Hon. Mr. 8. H. Dodwell, T. E. Pouros, Esq.,
J. E. Masson, Esq.,
"A. L. Shields, Esq.,
-V. M: Grayburn, “Esq., Chief Manager.
AMOY
BANGKOK
BATAVIA,
BOMBAY
CALOUTTA
CANTON CHEFOO COLOMBO DAIBEN FOOOHOW HAIPHONG HAMBUKO HANKOW HARBIN HONGREW
JOHORE KOBE
KOWLOON).
BRANCHES:-
KUALA LUMPUR
LONDON UYONE MALACOA MANILA MUAR Unhorn)"
MURDEN NEW YORK
FEIPING PENANG KANGOON BAIGON RW SAN FRANCISCO SHANGHAI SINGAPORE SOUKABALA SUNGEI FATÁNI TIENTSEN
TOKYO TSINGTAO
YOKOHAMA
Zee Quérent Accounts opened in LocalCurrency and
Fixed Deposits roodind “for
Current Accounts opened in Local Currency and Fixed Deposita, zeosived for anoyeur OF shorter perioda in Local and Foreign Currenaler on terms which will be quoted on application.
Safe: Deprit Botes To Lét, yày
KAN TUNG.PO,
Chief Manager.
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONG KONG, LIMITED
20
BUILDERS OF ALL CLASSES OF SHIPS.
BUILDERS OF RECIPROCATING STEAM ENGINES.
BUILDERS OF MARINE AND LAND BOILERS.
BUILDERS OF TURBINE MACHINERY.
Under License From Messrs. Parsons.
BUILDERS OF DIESEL ENGINES.
Under Special License From Messrs. Sulzer Bros.
Licensed To Manufacture Lanz Perlit Iron, Specially Suitable
For Internal Combustion Engine Working Parts.
DOCK & SLIPWAYS
FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE
ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND
PROMPTLY CARRIED OUT
Talkoodock,” Hong Kong.
Tel Addi
Telephone No. 30211.
Call Flag: “Numeral One,” over “Pennant Anns.”
BUTTERFIELD & SWIRE,
rear" or "harter
periods in Loos: Currency and: Starling on testus which will be quoted on application;
AESO cap tokdale SAFE DEPOSIT BOXES in various sizes TO LET.SE
Hong Kong 1st March, 1987,
HONG KONG SAVINGS BANK-
The Busines › of the above Bank is conducted by the HONG KONG AND SHANGHAT BANK ING CORFORATION...... Bules may be obtained on application.inc.
FOR THE HONG KONG AND SHANGHAJ BANKING' CORPORATION.
!
V. M. GRAYBURN,
Chief Managse Hong Kong, 1st March, 1987,
THE YOKOHAMA SPECIE BANK
LIMITED
Established 1880
Capital (fully paid-up) Yen.100,000,000 Yen 132,650,000 Réserve Fund
Head Office: YOKOHAMAS JA Branches and Agencies
Alexandria
Bangkok
Batavia Berlin Bombay
Calcutta
Canton
Dairen (Dainy)
Fengtien (Mukden) Hamburg
Hankow Harbin
Hong Kong Honolulu
-Hsinking
Karachi
Kobe
London
Manila
Los Angelès
Moji
Nagasaki
Nagoya New Yo Osaka Otaru Paris Peiping Rangoon - Rio de Jenéiro San Francisco Seattle
Semarang Shanghaf Singapore Sourabaya Sydney
Tientsin
Tokyo
Tsingtau
Yingkow
Interest allowed for Current Ac-
counts.
Deposits received for fixed periods at rates to be obtained on applica tlons.
Y. KANO,
**Manager,
Hong Kong, 10th March, 1987.
THE
SHANGHAI COMMERCIAL &
SAVINGS BANK LIMITED (Incorporated in China)
Capital paid up ........$5,000,000, Reserves
87,500,000, Capital Savings Dept. $600,000. Reserve Savings Dept." $600,00- Head-Ofen. Shanghai
the
A Bank having: as italiania
industrial, develop
China, and the fostering of her commercial relations abroad. Hong Kong Oficeió
+6; Queen's Road, Central,