HONGKONG DAILY: PRESS
vi
BANKS
HONGHONG & SHANGHAI THE CHARTERED BANK OF
BANKING CORPORATION
INDIA, AUSTRALIA
AND CHINA
Authorised Capital......... $50,000,000 | Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1855 Reserve Funds: "
Sterling
Paid-Up Capital £8,500,000 Reserve Fund
Reserve Liability of Pro-
prietors .....
H.K. Currency Reserve $10,000,000 Reserve Liability of
Proprietors......
$20,000,000
Head Office:-HONG KONG
Board of Directors: A. L. Shields, Esq,
W. H. Lock, Esq..
Chairman.
Deputy Chairman,
Hoa. Mr. J. K. Bousfeld, A. H. Compton, Esq., « Hon. Mr. 8. H. Dodwell,
D. F. Landalo, Esq.,
G. Miskin, Esq.,
K. S. Morrison. Esq,
Hon. Mr. T. E. Pearce,
H. V. Wilkinson, Esq.
Sir Vandeleur M. Grayburn,
Chief Manager.
Branches:
Amoy Ipoh
Bangkok Johore
H. K. STOCK
EXCHANGE
The past week has witnessed one of the quietest experienced for
some long time.
of
Was
Dealings have
been on a very modest scale. Markings have, on the whole, been "fairly well maintained on the basis the daily morning opening £3,000,000 quotations, though a glance at the £3,000,000 Quotation List Indicates many counters have sought temporary £3,000,000 shelter in the nominal column. A
mentioned in last week's HEAD OFFICE: LONDON:
summary, lower levels must be 38, Bishopsgate E.C.2
faced. In the meantime the maT- Sub-Agencies In London:
ket is not overwhelmed with sell- 117/192, Leadenhall Street, E.0.3
ing orders, but naturally buyers West End Branch:
attitude. us to wait for signs of Weakness prior to adding to their commitments. Hongkong Banks and Trams continue to be notable exceptings, both for remaining in fairly constant demand and with all offerings readily absorbed. BUSINESS DONE DURING THE WEEK
14/16, Cockapur Street, B.W.1. Manchester Branch:
32, Mosley Street, Manchester, L
AGENCIES AND BRANCHES:
ALOR STAR AMEITBAR BANGKOK ·
· BATAVIA BOMBAY
CALOUTTA
AGENCIES: CLIVE BRIX: PAIRIJE PLAC
GANTON CAWNPORK
Penang Rangoon
COLOMBO
Batavia Kobe
Saigon
Bombay
Kowloon
San
DETAXY HAIPHONG
Calcutta
Kuala
Canton
Lumpur Shanghai
"Chefoo
London
Singapore
Colombo
Lyons
Sourabaya
Francisco HAMBURO
HANKOW
Dairen Malacca Sungei
"Foochow Manila
Patani.
Haiphong Muar "Swntow Hamburg (Johore) Tientsin Hankow Mukden Tokyo Harbin New York Tsingtao.
Yokohama Hongkow Paiping Iloilo
CURRENT ACCOUNTS opened in LOCAL CUBREXcy and Fixed Deposite received for one year or shorter
"
HARDIN
PENANG
YONG TRONG BANGOON ILOILO
BAIGON 190H KARACHI KLANG KOBE
KUALA
LUMPUR
KUCHING
MADRAS
MANILA
MEDAN
NEW YORK
PRIPING
..
(Peking)
SEREMBAN SHANGHAI SINGAPORE ΒΙΤΙΑΣΑΝ HOURABAYA'
TAIPING
TIENTSIN
TONGTAK
(Bhuket)
TSINGTAO YOKOHAMA
FOREIGN EXCHANGE and General, Banking Business transacted.
CURRENT ACCOUNTS opened and FIXED DEPOSITH received for One Year or shorter periods in Local or Other Currencies at rates which will be quoted on 'application.
SAVINGS ACCOUNre also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.
The Bank's Head Office, in London periods in Local and other Cur-undertakes Executor and Trustee rancics on terms which will be business, and claims recovery of British Income Tax overpaid, on quoted on application.
Atao up to date SA DEPOSIT terms which may be ascertained at
any, of the Agencies and Branches. BOXES in various sizes To LET.
Hong Kong, 5th June, 1930.
HONGKONG SAVINGS
BANK
The Business of the above Bank
R. A. CAMIDGE,
Manager.
JJ
THE CHASE BANK
is conducted by the HONGKONG 18, QUEEN'S ROAD, CENTRAL,
& SHANGHAI BANKING COR- PORATION. Rufes may be obtain-
ed on application.
For the HONGKONG & SHANGHAI BANKING CORPORATION..
V. M. GRAYBURN,
Chief Manager. | ̧.·
Hong Kong, 25th Feb., 1939,
BANK OF EAST ASIA, LIMITED
Authorised Capital
Paid-Up Capital Reserve and Undivided
Profita...
11
$10,000,000,00 5,598,600.00
2,833,032,01
Head Office:-HONG KONG
No. 10 Des Voeux Road, Central.
"
Board of Directors:
Bir Shouson Chow, Chairman
Li Koon Chun, Esq.
Li Lan Berg, Eng... P. K. Kwok, Esq. Wong Cha Bon, Esq. Wong Yun Tong, Esq. Kan Ying Po, Esq. ChantChing Shok, Esq. Fang Ping Wah Esq. Kan Todg Po, Esq., Chint Manager. Li Tse Fong, Esq. Manager.
Amoy
Batavia
Branches and Agencies:-
Bombay Mucila
Calcutta
Haiphong
Kowna Tepang Singapore London
Rangoon
Bourabaya Swatow Baigon Melbourne San Fran. Sydney Nagaanka alsos austin
Vancouver Bemarang Priping Уклад
Haskow Ma Tock Seattle Xenalala
Kabe
Paris
HEAD. OFFICE:
18, PINE STREET,
NEW YORK.
An American Bank offering com- plete Foreign Banking Service in the principal Markets of the world.
41
Interest Rates on Application.
SAFE DEPOSIT BOXES
This Bank is entirely owned by THE CHAZE NATIONAL BAKE, NEW YORK, with Resources over U.S.$2,800,000,000.
D. M. BIGGAR,
Second Vice Pres
HK. Banks, $1380, $1340, $1345,
$1342), $1340, $1343, $1340. Union Ina, $440.
Wharves, $108.
Providents, $4.65,” $4.00, $4.56.
HK, Lands, $364. $35), $36, $357. "HK. Tramways, $16.30 $10.
$16.60.
Star Ferries, $66, $65}, $86. Yaumati Ferries, $221. Electrics, $55), $551,”$554, Dairy Farms (0); $21). Watsons, $8.40, 38.45. Entertainments, $6.90. Govt. 31 loan par.
BUYKES
Providents, $4.65. Raube, $8.40.
H.K. Lands, $36).
HK. Lands 4% Debentures par. HK. Tramways, $16.60. China Lights (0),`$8.20. Canton Ices, 31.
"Dairy Farms" (0), 321},{"
Watsons, $8.45.
HK. Govt. 4% "loan 4% pm.
SELLERS
Canton Ins., $230... Union Ins. $447).
HK Fires, $185.
H. & S. Hotels, $5.70. HK. Tramways, $16.70. HK. Lands, $36. Dairy Farms (0). $22
SALES
Union Ins., 3440. Providents, $4.70.
HK. Tramways, $15,60. HK. Electrics, $55).
PHILIPPINE GOLD MINING QUOTATIONS
Friday, June 23, 1939.
CentaTOS"
FINANCE
WEEKLY RETURNS AND REPORTS
BANK OF ENGLAND
Public Deposits Other Deposits:
Bankers **
Other Accounts
Total
Total Bullion
Notes in sirculation
SATURDAY, JUNE 24, 1939 --PAGE 13
PRESIDENT LINER
Sailings
FOR SAN FRANCISCO & LOS ANGELES vis SHANGHAI, KOBE, YOKOHAMA and HONOLULU 88. "PRESIDENT OLEVELAND" Sails June 30th at 12,01 AN. 8.S." PRESIDENT PIERCE** 6.A PRESIDENT COOLIDGE ".
London. "June 22. (Reuter),
June 8
£
June 16 S
23,080
25,240
100,300
97,240
36,400
36,130
138,700
133,570
Government Securities
110,240
112.698
Other Securities:
Discounts and advances
3,630
65,490
Securities
22.863
Total
35,380
15,200 31,690
Notes and Coins
31,600
$2.200
226,758
SS PRESIDENT TAFT"
494,950
494,070
20.20%
20.30%
14845
..148/5
R.S.. " PRESIDENT ÜLEVELAND" 8.8. "PRESIDENT PIERCE"
་་
FEDERAL RESERVE SYSTEM
New York, Juna "2" (Reuter),
June 15
June 2
-- (000's" omitted)
1.000
1.000
U.A Securities held
2,564,000
Federal Reserve Ratio
85.37%
3,564,000 85.59%
Pederal Reserve Credit Outstanding.
2,805,000
2,584,000
Monetary Gold Stock
Industrial, Advance
18,027,000 12,489,000
15,060,000 12,377,000
Ratio of Reserve to Liabilities
Price of Gold at Which Holdings are valued ......
Bills Bought
CHINA FIRST LOAN PAYMENT
TO U.S.
SHANGHAI, June 23 (Int'l)-A sum of $5,000,000 in Chinese na- tional currency, consisting of a mixture of silver coins and bars and a few gold coins packed in 4,800 cases has arrived in New York, according to a San Francisco report.
U.S. COTTON PROBLEMS
British Association On Barter Scheme
July 14th at 120) AM.
July 29th 8 10.00 AM.
Aug. 2th at 8.00 A.M.
*+
Aug. 16th at 8.00 AM. Sept. 8th at 400 P.M.
BOSTON
AND FORTNIGHTLY THEREAFTER
FOR NEW YORK
vin Surz
S.S." PRESIDENT GARFIELD' Sails July 8th at 18 Noos July 20th at 12 Noor 88. "PRESIDENT MONROE"
AND FORTNIGHTLY THEREAFTER
FOR MANILA
8.S." PRESIDENT PIERCE * 8.8. "PRESIDENT GARFIELD" 8.8. PRESIDENT COOLIDGE"
B.S. "PRESIDENT ADAMS"
Sails July 7th at 1.0 › A.M.
July 8th at 12 Noor July 1st at 9,00 P.M.
Aug. 4th at 19 NOON
AMERICAN PRESIDENT LINES
ROUND WORLD SERVICES
43
12, PRUDER ST.
WASHINGTON, June (Benter)—The House of Bo- presentativeS approved of $225,000,000 for parity・ cotton payments by a vote of to 175. The $113,000.000 surplus cotton removal will be taken up immediately.
180
for
re-
It is reported that the money was ocasigned from Canton and shipped by caravan to Haiphong, Indo-China, where it was sent to Manila on the steamer Laos, The
A later message states that the consignment arrived in Manila, on March 7 and was then picked up $113,000,000 for surplus crop by the President Garbeld, which moval was approved by travelled three quarters of the way of 145 to 100. around the world past Bombay, About $35,000,000 of this amount the Suez Canal and across the will be devoted to cotton North Atlantic before arriving in subsidies. San Francisco.
a vote
export
states
A message from London that it is understood that mem- The money reportedly represents bers of the Liverpool Cotton Aa the Chinese Government's first sociation passed a resolution that payment on its $25,000,000 Ameri-while deploring the Government's can loan with which it purchases rubber for cotton barter scheme. American lorries and other ma- they had authorized directors to terials.
give assistance and advice to the Government.
LONDON METALS EXCHANGE London, June 22 (Reuter)..
COFFER
buyera B
U.S. SILVER PRICE
WASHINGTON,
(Reitor)” Thế sellers
23
Запе administra tion is willing to continue unchanged the domestic new-
·ly-mined silver price, stated Senate Senator Barkley, In quarters.
229-1/4 MOVE TO INCREASE
CHINESE EXPORTS
Antamoks
221
Atoks
23
Bagulo Gold
23
Benguet Consol
Standard, Cash 42-3/16 Standard.
£ 42-1/8
Batong Buhay
Manbulao Consol,
10.70 014
9
3 months 42-5/18
47-1/2 Electrolytic
42-3/8 48-1/2
Coco Grove
31
TIN
Demonstrations
9
Big Wedge
21
Standard, Cash 229 Standard.
Itogons
24"
Masbates Consol
118
Mine Operations
14
3 months 224-3/4
LRAD
225
Paracale Gumaus
17
Paracale Gumaus
17
Foreign,
San Mauricio,"
95
Official Price 14-5/8
14-11/16
134
Foreign Oficial
43
Syndicate Investment
040
£3,000,000
£1,800,000
Surigao Consol.
21
3 months 14-3/4
SPELTES
£1,050,000
21,247,830
North Camarines ........... 27)
Market Comment-Quiet.
Ordinary,
Official Price 13-3/4
13-7/8
Ordinary, Official
THE MERCANTILE BANK OF INDIA, LIMITED
Head cffco:-15, Gracechurch Street," London, EC3 Authorisert Capital
Subscribed Capital Paid-up Capital Reserve Puad and
Fost
BANKERS: The Bank of England and Midland
Bank, Ltd. BRANCHES:
Bangkok
Bombay
Calcutta
Colombo Dethl
pol
Kuantan Kandy Karachi... Kota Bharu
Kuala Lipis
Buyoc Conso),
United Paraçales
HONGKONG
SHAREBROKERS'
"ASSOCIATION
Kyla Trengguna
Madru
New York
Penang
Exxgoos
Shanghai
Simila
Kasis Lampur
Singapore
1.
Every desciption of Banking and Kuchange
Sun
Co. (HK) (June 21)
HONG KONG BRANCH:
rebusinese trapuncted.
Travellers Chequen lomaed,
Every description of Banking and date Exchange business transacted. Losas Hongkong
Howrah granted on approved securities.
Current Accounts opened in Local Currency and Fixed Deposits ceived. for
one year or shorter periods in Local and Foreign Cur- rencies on terms which will be quoted or application.
SAFT DEPOSIT BOXES TO LET.
KAN TONG PO,
Chief Manager. ⠀
BANK OF CHINA
Specially Chartered by
THE NATIONAL GOVERNMENT
OF CHINA ARAN
INTERNATIONAL EXCHANGE
BANK
Volume of Business Transacted on Friday, June 23, 1938. Telephones (N)
(June 21)
-500
TRUSTEE AND EXECUTORSHIP HK, Banks (June
- UNDERTAKEN
こ
CURRENT ACCOUNTS (opened In Lomnă Our rency and PIXED DEPOSIfa ricelved in Local Curreday, SEERLING & U.8 DOLLARS on terms that may be acortaland on application.
D. BENSON..
$7.45
2.50
Manager
Lands (June 22) 100 Providents (June
1,000 Suz Co. (HK)
(June (22) sen 110 Itogus (June 22) 5,000 Itogon (June (22) 2,000 Antamoks (June
7 1,340.00 35:75
4.85
*2.50 Ps. 0.211 Ps. 0.25
22).
5,000 5
Ps. 0.21)
$440,00
1,835.00
French Loan To Spain?
(T/Ocean)—| PAID-UP CAPITAL $40,000,000.00 PARIS - June 2
(BRANCHES ALL OVER CHINA) The French Ambassador to Spain, Owing to our numerous Branches Marshal Petain, held a lengthy in China and connections in the conference on Thursday with the" principal Commercial Centres of French Minister of Finance, Paul the World, we are able to extend Reynaud, the discussion, according to our Clients special facilities for to informed circles, dealing with Domestic and Foreign Banking and
the return of the Spanish gold
· Exchange.
and granting of a French loan, Head Office: SHANGHAI /
Hong Kong Branch:
4, QUEEN'S ROAD, C.
South China Officer:
CANTON":
SWATOW
KONGMOON TOIBHAN
It is declared that the French Government is not determined to accelerate the return of the gold A loan to Spain is necessary, if is declared, to revive the Franco-
SHIUCHOW KINGCHOW Marshal Wetain is regarded as
Union Ina.
HK. Banks
8,50 8.50
Trams
700 18.60 Watsons
600 China Lights (0) 111
BANK WITHDRAWALS
REDUCED
14-1/16
Commercial Supply Of Bristles
SHANGHAI," June 23 (Int'l)----In 14-13/16s efforts to increase Chinese ex- ports, the Chinese foreign trade of the Ministry of commission Finance is paying special atten- tion to exports of bristles. In peacetime China accounts for 75 per cent of the world's commercial supply of bristles, with the United States as the principal buyer,
Although the war has tempor- the volume of Tin. Standard, 3 months, £225 arily reduced paid and value.
China's export trade, China sold nearly $28,000,000 worth of bristles to the world in 1937.
3 months 14. Final Afternoon Transactions Tin, Standard, Cash £229-1/2 value.
YEN AT DISCOUNT AGAIN
SHANGHAI, June 23 (Reu- ter)-The yen was again at a discount against the National dollar, buyers paying about 97 cents for one yen.
in
The commission has established a scientific bleaching plant Chungking to bleach bristles for export, which process was "for- merly done in Shanghai: The plant has 1,000 workers, half of whom are women. The plant hag a pro- duction capacity of 180 quintals per month, worth about $400,000 on the market..
The commission bought Hankow and Chungking: “ from
FRANCO - JAPANESEarth to December, 1998, over TRADE AGREEMENT $2000,000 worth of white bristles
for export PARIA June23 (Reuter) Szeahuen province la leading the France will sign 'n. Tokyo to-day a country in the production of bris-- commercial agreement for reties, supplying over 9,000 quintais establishing the balance of trade
or nearly 14 per cent, of the total in France's favour
national output.
The agreement regularises the situation which arose after Japan CHUNGKING, June 23 (Central) had recently drastically re- A Chinese anancier stated in an duced imports from France and interview yesterday that the An-France had replied on May 3 by ancia situation in Shanghai was imposing a licensing system for steady after the announcement Japanese imports of the Ministry of Finance to res- det deposit withdrawals to $500 weekly, says a Bhanghai
Withdrawals during the day, ac- cording to the financier vere duced noticeshi
explained that the
We also handle the issue of Bonds the motivating force Impelling the The Mugh and other Public Funds of the Chinese Government both at Home French Government to grant the action of the Ministry was to pe
Apanish demands and to take vent of the and Abroad
steps to improve the relations with he urged all Chinese
the restrictions, that country.
20
SHOP J. CHEN
Itizens to
BROKERS' LOANS
New York, June 22 (Reuter). Loan on securities to brokers in New York:-"
Week-ended June 15 2524.000.000
Wesk-ended
BANK OF FRANCE GOLD RESERVES PARIS, June 22 (Reuter) The returns of the Bank of France for the week ended June 7 show gold reserves totalling 92,266,000,000 Francs,
of gold Content of 27.5 milligrammes, indicating no change as compared with the preceding week,
The total note circulatio given ast 120 215.000.00
showin
Franca, as compa
ended Jun
Week
Lloyd
TEL. 28171.
Priesting
„FORTNIGHTLY
EXPRESS SERVICE
FAR EAST-INDIA-ITALY
Hongkong-London 23 days" Hongkong-Italy
21 days.
11
SCHEDULE OF SAILING FROM HONGKONG
TO MANILA, SINGAPORE,
TO SHANGHAI
COLOMBO, BOMBAY, EGYPT
& ITALY
B. "CONTE ROSSO"
7th July
m.v. "VICTORIA”
18th Aug. m.v. "VICTORIA”
6th Aug.
* "CONTE VERDE"
1st Sept. 8. "CONTE VERDE" 25th Aug..
8. "C. BIANCAMANO" 1st July 8.8. "C. BIANCAMAÑO" 25th June
14th July | sa "CONTE ROSSO”
24 "U. BIANCAMANO 16th Sept.. "C. BIANCAMANO" 10th Sept.
LLOYD TRIESTINO
P.O. Box 143. Tel. Address "Lloydiano"-Telephones 2983 Passenger
39983 Freight
HAMBURG-AMERIKA LINIE
Far Eastern Mail, Passenger & Freight Service
Through bookings to America via Europi and Burope via America.: Bookings around the world. - Through bookings to Indon.
OUTWARD SAILINGS
m. "RHEINLAND...for S'hai, Dairen, Kobe, Yhams
29th June *m.v. “BURGENLAND® for Shanghai, Dairen, 'hama,
Kobe................... ---- 19th July LOLDENBURG for Bhanghai, Dairen, T'hams,
30th July
∙Kobe been
HOMEWARD SAILINGS.
* xiv. “SAUERLAND" for Genoa, R'dam, Hamburg................ 27th June *m.v. "LEVERKUSEN" for Genos, B'dam, Hamborg 18th July *m.v. RHEINLAND" ...fox, Mars, R'dam, Hamburg Freighter with Passenger Accommodation.
For further particulars and passage fares, etc. apply to:-
HAMBURG-AMERIKA LINIE
JEBSEN
6th Aug.
12, Pedder Street, Tel. 81208--6. CANTON AGENTS: CARLOWITZ & CO.. Shakes Road.
THE BEN LINE STEAMERS, LTD.
S.S. "BENLAWERS"
Sailing for LONDON, ROTTERDAM, ANTWERP HAMBURG and LEITH on or
1939 about the 9th
Cargo will also be accepted on through Bill of Lading to the usual transhipment ports.
For Freight and l'assage apply
to the Agent
R. LOXLEY & CO., (CHINA) LTD.
Tork Building,