1925-03-21 — Page 2

Page

FRIDAY,

MARKET

HONGKONG SHANGHAI

LBANKINGĄ, CORPORATION:

GRAD OFFICE: Hlosestning

AUTHORISED CAPITALAN... $00,000,000) ISSUED AND FULLY PAID UF $20,000,000 RESERVE FUNDA :----

STERLING... £4,500,000- SILVER...... $28,300,000

$20,000,000.

RESERVE LIABILITY OF

PROPRIETORS....m/

COURT OF DIRECTORS: G, M. Young, Beg-Chairman. -

COMMERCE AND

SHANGHAL MARKET

A DISAPPOINTING WEEK.

"After the better outlook of the past two or three weeks business conditions have shown disappoint Ing characteristics during the past few days says the North China Dally News of March 14 The H. P. White, Esq.-Deputy Chairman.

Hon. Mr. A. O: Ling, optimism show especially as W. Patiende, Beregarda piece goods has had a 1. A. Pammer, Reg distinct though possibly temporary Hon. Mr. P.H. Holyoak: T. G. Wwall, Haq set-back, but it makes the future

uncertain

A. D. F. Beth, Esq.

W. E. Ball, Esq...

AH. Compton,

CHIEF MANAGÉE A

A. H. BARLOW; Esq.

Managar: Shanghai-G. M. STITT, E

LONDON BANKEER. Westminster Bank, Ltd. CURRENT ACCOUNTS opened in LOCAL · CURRENCY

FIXED and DEPOSITS received for one year or shorter perioda in Local Currency and Sterling on terma which will be quoted: on application,

Hongkong, 21st 1 «bruary, 1225.

HONGKONG SAVINGS BANK.

Cotton is again stronger, and this is accompanied by greater strength latter are not yat in keeping with in yarn, although prices for the

those of the raw material.

FINANCE

latin decline in exig cheong raths, has assisted- the ex port market to" a" certain extant, 25.68 October 15.07 December, and had supplies been normal a 25.079 January 24.94 spot 25 30: considerable business could have highest May 25:84: Towest May been affected as Home markets | 25.35. Liverpool quotationsMay appear largely to bave exhausted 13 05: October 13.67: spot 14.14 their stocks The local scarcity, Egyptian Cotton Spot-36.85. however, is still keenly felt and Bombay Cotton-Lower Now the volume of business has been York advices and selling by restricted. Japanese houses caused the market to open weak. Rates F. G. Bengal March 433: Fine Comra March 4721 G. Broach Apail/May 481

closing-March 131.70: Apr

Sampin-Thursday afternoon's 330.16 May 329.20: June 330.10; July 331: August 330.80: Septem ber 330.30. Yesterday morning's 328.60 May 328.10: June 328 30: closing-March 330.20: April July 328.30: August 328.40: Sept. 328 50.

Exports are quiet, for got only are the silk markets abroad dull

ANOTHER REPORT. but absence of stocks here pre-

In their weekly report issued cludes any great volume of busion March 13, Messrs. J. Spust & ness in produce.

Co. state.

PIECE GOODS.

movement.

China Cotton-The upward A flat market generally has been tendency of prices contined during the case in piece goods during the the past week and values were week. Apparently a fair off-take carried 115 to 155 paints above the has been the order since the level ruling a week ago, making a opening of the market following total advance of about four tacls China New Year and so far these since the inception of the present E business of the above Bank is deliveries have not been digested bull THE

No further conducted by the HONGKONG in the consuming centres. As a explanation is required than the AND SHANGHAI BANKING CORconsequence there has been a halt continued small movement of PORATION. Rules may be obtained in purchases from focal holders, commitments from the interior oa application.

and such absence of orders has marts and limited stocks at Shang INTEREST on deposits la ezlonlated had a weakening effect on the hai. The general undertone of on the lowest balance during each com market. Added to this it is be the market has been fairly good, pleted Calandar Month at 3 par cant. Hieved that a number of the bigger due principally to the frniness per annum. Should there be no balance Chinese dealers, realizing the with which spots are still held by on any day in a month no interest will impossibility of replacing cargo at the independent farmers, while present prices, have not been the question of the marketing of prepared to part with their stocks, the remainder of the crop by them and so a general uncertainty as to has been very slow, and financially the position has been a feature of they are so well situated that it is the case.

most unlikely that they will deviäte in the future from their policy of slow marketing.

be allowed for that month.

Depositore may transfer at their option Balance of $100 or more to the HONGKONG & SHANGHAI BANK to be placed on FIXED DEPOSIT at CURRENT RATES.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Fast

and

Have you the habit of daily regularity A HABIT WORTH WHILE

If not, practise it, for ill-health surely kettes for a few nights; careful diet and follows its neglect,

To, restores the regular habit take Pin-

moderata daily sxeraise will do the rest. nose, sick headaches, billousness and Aas remedy for constipation, liverish.

gentle-as-nature laxatives, are perfection. foul breath Pickettes, the dainty Hitle Chemist sell them, or post free co cents the viel, from Dr. Williams Medicine Co, 60 Kiangre Road, Bhang bal.

EXCHANGE.

Hongkong. March, 20th, 1995. Bank Wire.

Un London

17

Ou demand

30 days aight...

3510

4 months" slæbt. 22/11/2 Credits 4 months sight...1/4-

Documentar - mosheight:9/1-1

Paris-

Cai demand...

Credits: 4 cutha' sight'... ·1140.

On New York-

On demand -1°

On demand

Credits, 60'daya dghĩ On Bombay-

Wire

On demand On Palentia-

On Singapore

On demand Are

On demand On Montia

On demand... Ou Bhangbal

MANEH SU

1.8.B.CT.T. on selling rate

Thedon

NA 2/3-1/2 and og Shanghai Stal R Hongkong Banki 3935 1930 » London-140 Chartered Bank. P&0. Bank

Est Asia Bank, www. 3100 b Merantis Back B 2291/4 be Marine

Canton Insuranen. ***

Insurance Vingbere North China asuranos Union InsurandEL, KAE. “Ane China Undirs

Fire Inentances

Far Easternaam Zamaj boel!

Chins Fire Insurance „ka! Hongkong Fire Jnsurance. shipping

•Douglance in

H.R. Steamboats

Hongkong Tugs and Tighter

#73]

1935

140.

140

b 2.55

1.66/2.70

185 b 200 a

58.

94.75 4.

ན་

180 n.

130

a

700

100

183 b 33% sa

10

$17-1/4

#353 n.

►

1,68,70

1:40 m.

| 8716 b;

Indo-Chinas (Pref.

(Def:)).

de (E.K. Reg.)

Shall Transporta

Star Ferries... Water-bosts...

Oriental Nay. Co. Refineries

China Sugar

Malabon Sugar

wining

Kallan Mining Adm. ...

Langkate jaunes) Comb. 815-25.

مده

Docks. Wharves, Godowns, de.

M

$186.

TITT S

Now Engineerings...

H. K. Engineerings, *****

Shanghai Hongkawi -... ... 1830. D.

11-12

H.E.8bel Hotele 116 b 16) sa Now- 18 b. (h 16.30 a 16:16-1/2 New- 10.30 |

Explorations... Jen

Tingkata

3113 b.:

tom.

Rauba

Ural

Tronch

Mines

2.50. 88/b.

5.

Benguet

P. 2.80 à

HK. Wharfe

h 186-88 1857

169

H. & W. Dod

6.&.116

Shad Docks

§. 1941 en 125/5

Lands, Hotels & Belldlogy,

109

HK. Development

80 Centa·b..

Hongkong Land

€81-1/2b

b. 85 Oents (16:30 40 *b 98 933

дот..

Humphreys Estos

1. b 20 an

b.20

Kowloon Lande

Land Reclamations

Princes Building.. fam

1500

a. Isn

B.K. Realty

G

$4.80 £

6. 4-1/2

H.K. Farritorials.

น

1.8 1/18

SUBSIDIARY' 'COINS.

Raral Lands...

Cotton Mifi

18.b

T 80 b. Naw #55 67-

On damn

On Yokohama

-་

30 days' aight (private paper) On demand...

Gold Leaf, 100 Sne (per taol) 47.80 Sovereigns (Bank's buying rate) 8b7 Bilver (per or.).

The drop in exchange has fur- For the Honorow & Bither intended to increase the BARK COSTURATION, difficulties. Although purchases

Under the circumstances, we ... H. BARLOW,

from Tientsin and Szechuan have can only reiterate that we expect Jalet Maxisger. Hongkong, 70% dammes, 1925, -

greatly dropped away, other ultimate course of prices to be up- centres show possibilities of a ward, though in a speculative steady demand, especially for market it would be imprudent to Spring Fancies

White ignore the possibility of a tempor- Shirtlogs.

Blacks and ary turn in the tide, with specula- Venetians are now in their off-tots generally short and bearish, season, and for the next two but with continued small receipts Hongkong 50 cents sub... par. months are likely to be a poor from faterior marts, we still con market. The best feature of the sider a higher level of prices situation is that the purchases warranted by the legitimate sur-Bar Sliver in Hongkong 10 pm. made recently

are apparently roundings. From present indica- Ohinese Onpper Cash..." proceeding undisturbed into the tions, therefore, we see no reason Chinese Copper Cents.**&% pa

to change our views that any Rate of Native Interest 5% in 7% out recession in prices is unwarranted, Chine Sub, Coln and would advise our friends to Honghong Reb. Cola.....

-...29% dis meet the situation cautiously by

*-*7/8 % die buying weak markets.

INCORPORATED BY ROYAL CHARTER, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital

£3,000,000. £3,900,000

Reserve Fund Reserve Liability of Pro-

prietors..........£3,000,000

FOREIGN EXCHANGE and General Banking business. trananeted.

CURRENT ACCOUNTS opened and FIXED DEPOSITS received for 1 year or aborter period st rates which will be

noted on application.

A H. FERGUSON, Manager. Hongkong, May 8, 1928,

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

98, Boulevard Havesmena, Paria. Subscribal Capital... Fr. 72,000,000.co ... Fr. 68,400,000.00 FT 69,607,285.04

Paid-Up Caplin).

Beers Funds ...

Battambang

BRANCHES

Bangkok

Hongkong

Monger

Capten

Noses

Djibouti

Payorit

Kaiphous Hokow Hapo

Poilex

Prom-Fenh Pondicherry BANKERS: INFRANCE Copiotr National d'Eccup de Paris; Credit Lyonnais, Eangus de Fathet de Paya-E; Credit Indutrial et Commercial Boclete Generals.

interior

30

Canton

Colog

5.X dis

#967.50 %. diss

10% m

MERCANTILE BANK OF

INDIA, LTD.

The report on the auctions is no more favourable than that affecting private business. In many cases so few orders were jon hand that dealers who had a Yarn-The yarn market has been THE

genuine demand to fill were quite firm during the past week, largely able to fix their own prices with prices advanced four to five for the chops they wanted. So laels from last week's level. Now far as the auctions were concerned business for export has been book- there was nothing at the beginning. ed, some 13,000 to 14,000 bales in of the week to lead anybody to all counts and about: 2,000 bales anticipate any depression, but direct booking with the malls has apparently the non absorption of been recorded. As to the future stocks recently purchased com- trend of the market, we still adhere. bined with "the presence of to our opinion that no radical soldiery in the Scochow area and decline will be felt locally owing the Hunan Hupeh disturbances to the interior marts being practic-Bu Merah brought that condition about. ally bare, of stocks.

THE AUCTIONS.

The Kungping auction, after the Balgon

promise of better things, was dis- Shangbai appointing on Tuesday. There Birgapore was practically no competition, Tienisin and those dealers who had the few Tot renu TuzDanfe orders which were going, were able to dictate prices. Blacks fell while Greys and Whites were also on the average from 1 to 1.5 mace, a fraction down. Similar quantities to the previous week were sold. on Tuesday was, that

The feature of the Bwo auction White Shirtings were whole, although generally de

firmer on the

mard was much quieler. Very little demand was evidenced for Black Italians, and Venetians and Greys were barely steady.

IN LONDON: The Netlanai Provinciri à Union Bank of England, Lid: Compton Nathenal d'Eeeerste de Paris; Credit Lonnie IN NEW YORK J. P. Morgan & Co., Trecch American Banking Corporation; Guaranty Trust Co. of New York,

Intereat allowed on Current. Acccante ad Fixed Depoalis according to arrangement,

Bary description of Banking and Exchange Bainese tracted,

A. LECOT,

Manager Hongkong, Mark 20, 1924,

THE YOKOHAMA SPECIE BANK, LTD.

Established 1880..

Capital (fully pald-up) Yen 100,000,000 Beservá Fond

Yon 80,500,000, Head Office:YOKORAMA,

· Eranches and Agencies at:

Newchwang.

Matavia.

Bombay

Buenos Ayros.

Calcutta

Changchun.

Dairen (Dalny).

New York.

Osaka.

Peking...*

Rangoon, Rio de Janeiro. Fangtion (Mulden). Saigon.

Mamborg,

Hankow.

Harbin

Honolulu

Mai Tren

Los Angeles, fusion

Magmaki.

San Francisco. Seattle, Shangbai. Shimonoseki. Sugapore. Soerabaya. Sydney

Dental

Tsingtau. Vladivostock

OD

At the Yuenfoog auction Thursday 485 packages were dis- posed of. Italians were. 34 mace down, Greys 4 mace down, and Whites 14 mace lower.

of

COTTON, YARN, ETC. China Cotton-Deliveries China cotton in Shanghal, have only been fair during the week. The local staple continues to gain in price, and on the Chinese Cot- fon Goods Exchange yesterday morning, when transactions amounted to 17,600 piculs, the following were the forward rates:-March 43.80: April 44.20: May 44.15: June 44.30: July 44.43. This increase has been due to the late steadiness in the American staple as well as to local condi tions. Spot males are Tungchow 44/45: Shanghai 422/43: Shensi 4334/4494 Ningpo 41/412

".י

HEAD OFFICH: "

Ewo Catton Hills, Ltd.

IM

མ་

Kang Yiks Leon Kuns Mow "Orientals. A

Shanghal Cotton ........ Tangtatepoose poo Miscellaneous,

Cements

#183 b. Now 8-1/4 n. Cements "Combined. #973 h 17 China-Borneon

Obina Lights (Old)

1991 83 do (New) #16 2. Comb, 31 b. 317 sa Ohias Providente 916] s. New 8.65 b. Providenta Oombined.

Dairy Farmaine H.E. Electros

Macao do

Hongkong and Canton Its

79.10

a 58) Now 31 d

(b. 20 New h. & 8.8

Has. Mi Chow show

wok

· Pong Wil Ting:

Mok Uning Kong

Kan Ying Pa

Chan Ching Chik Banking and Egzolam

BATE DEPOSIT BOXES to Ja

KAN TONG PO

Hongkong, 18th February, 1925,

NEDERLANDSCHE HANDEL MAATSCHAPPIJA

(HRTICKELANDS Tramwa. SocceYY.)

Howsare Burn Egtamzirmed 1900."

Authorized Capitiu už 180,000,000 £12,500,00 Paid-Up Capital 80,000,000 225,016.67% Haserra Fund ... G. 30,045,000 2-L410/11# Bpecial Reservm... 22,660,000 1,898,1

HEAD OFFICE—Amelendam, EASTERN HEAD OFFICH - Kinyin BRANCHES ---

HeadBermesin Bandoing

Obloatta

jokjakarta

Kota Badi

Bombay

Oberbon Elena ber The Harus Kobu Kakares:

Palembang

Mydan

Pendengar

Patiana Hangoon Semarang

Shanghal

BoerabaBoarakarta (Bole

Tuletjap

LONDON-BANKERA

National Provincial Bank Ltd.. Corre pendants all over the world.

.. BANKING BUSINESS OF EVERY ́

DESUBIPTION, ANA

W. E. GROSKAMP,

Ageni.

Hongkong, November 4, 1924.-

的公理警案實法中

SOCIETE FRANCAISE DE GERANCE

DE LA BANQUE INDUSTRIELLE.

DE OHINE GUNS STABLISSEMENT FEAÑOO CHINOIS.

(Incorporated in France),

5, Chater Road, Victoria, Hongkong- HEAD OFFICE: 74, Rua St. Lasare, Parts

Subscribed Capital fully

paid-ap

(Dowk. b. 18) 86 17,40,93 | Reserve Fund

n..19

(Now b. 12) Comb. & sa 201

15.80 Now b 8-18

Comb, b. 193

b.23.1/8.

bol on over

n°10 New 10°n

335 b. 26 sa

b. 8t

Hongkong Rope

м

16.

1,800,000

Hongkong Tramways....

Now 10.30 m. $50 6 $8413-6

1,050,000 $250,000

Peak Tramways (Old)...

£8,000,000

16, Arseecharch Blevel, London, 2, 12 J Authorised Capital Subscribed Capital Paid-up Capital Reserve Fund. Deze geva

*BANKERS: The Bank of Eaglend à Midland Bank, 12. N

BRANCHEN:

Kuala Lumpur Bon 2x New York PR

Bangkok Calls

Antasis. Hongkong Calculus Handy Colabo Karachi #elbi Kota Bha

is

SILK There is little change to report in the Shanghai silk market from last week.

bas

The New York market declined, while Lyons is quiet.

Any local sales reported are mostly speculative.

Yart-Transactions in yarn have been much more brisk during the past week than has been the case recently. Dealers are making pur- chase for the coming season, but although prices have improved they are not yet all that. could be desired. The advance is fully re- yesterday morning on the Chinese ⠀⠀⠀ presented in the quotations current Deposits received for Sxed periods at Cotton Goods Exchange, these be-1.

to be obtained on application QARIMA,

Ing-March 175-70: April 175-May Manager.

174.30, June 173.20: July 172,301 August 172.10.The total dealt in resterday morning at the Exchange was 12,200 bales. Spot quotations are as follow:-10'3 155/1621:16′s

Interest allowed on Current Accounts.

Hongkong, 11th March, 1926:

American Collon-After remain- Zing steady for nourly, a week at its Técent his bes figure cotton

Bingapors Portela (Mauritian)

Boat bays

HONGKONG BRANCH, Lianacted Every description of Banking and Exchange back-

JSTERELT Allowed on Current Accountant par sent per annum on Daily Balance and on Fixed De poultat ratan ibal may be muertained on application

2. Que's Road Dunirul, Bokor, Jambory 2, 1824

Acting Manager.

hopee Combined...

Do New)... #8 'n.

Steam Laundries

A.E. Steel Foundry.

Wm. Fowells.

Watoon's hea

§ 23) ja Kaw 10.2..

(n 29 Neva 19

Lane Crawfords ....

FID n.

18)

Canton Ices.

17

6 7.12

10

2)

H.K. Construction Nanyang Tobacco Binceres

Mackintosh I H.K. Taxie

China Buses

H

Blugapore Trams:

Der & Wing fully paid part Do paid. United Aboafe Founders)

do

Frs. 10,000,000 Fra,10,800,000

Working fund provided by THE BANQUE INDUSTRIELLE DE CHINE,

Fre. 50,000,000.

BANKERS:

Paris: Societe Generale, Band

Nationale de Credit

"Paris et des Pays-Bas - London: Midland Bank, Ltd.

Banque:

New York: Irving Bank Columbia True;

Go

Every description of Banking and: Exchange Business transacted: Lörra pondents throughout the world.

M. FITZ-HENRY. Just Manager, 10th November, 1924,

THE BANK OF TAIWAN, LTD.. (Talwan Ginko.)

Incorporated by Special Imperial Charter, 1802.

Capital Subscribed

h. 17

102.

2. 800

Capital (Paid-up) Reserve Fund

(Ordinary) # to v.

SHELL

MOTOR LUBRICATING

OILS.

IMPORTANT ANNOUNCEMENT TO MOTORISTS.

THE PROPRIETORS OF SHELL MOTOR SPIRIT HAVE PLEASURE IN INTRODUCING SHELL MOTOR LUBRICATING OILS. SHELL BAS ALWAYS MEANT THE HIGHEST QUALITY MOTOR SPIRIT —TO-DAY IT MEANS MORF-IT MFANS THE HIGHEST GRADE OF MOTOR LUBRICATING OIL.

C

SOLD IN 1 GALLON AND 4 GALLON TINS.

EVERY

DROP TELLS"

WRITE FOR OUR BOOKLET, SHELL READY-REFERENCE TO CORRECT LUBRICATION.

NOW ON SALE

DEALERT:

THE ASIATIC PETR

COMPANY (SOUTH CHINA), LTD..

Yen-60,000,000

en 68,600,000 Yen 12,930,000

HEAD OFFICE: TAIPEH, FORMOSA

BRANCHES

JAPAN-Tokyo, Yokohama,

Kobe

Osaka, Moji ROTO FORMOS Giran, Kagi, Karenko,

Keelung, Makung: Nanto, Pinan... Shinchiku, Taichu, Tainan, Takow, Tamani, Tobyen, Ako.

CHINA-Shanghai, Hankow, Kloklang, Amoy, Foochow, Swatow, Canton OTHERS Beogkok, Rongkong, Singa

pore, Soarabaya, Batavin,, Bombay, London, New York

Samariig

LONDON BANKERS: London County Westminster and

Parr's Bank,:~.

The Bank has Cepotdenty in the Commarol Centre in the European Continent, Hawls, Ma

PETER 10, Japan, Indo-China Biaku, Ind

Lalande Jays, and Dutch Endise, Anas- ralia, Amerion, Afiten, do,

Interset Allowed an Carmant Account, noi Fized Deposits at rales, which whit he quoted on appilas

-YAMAMOTO,

Månsger.

HONGKONG BRANCH,

8, Des Your Road Central Hongkong, 5th June, 19242

THE BANK OF CHINA: 行銀國中

(Specially Authorized by Presidential-

Mandate of the Repubis of China

on the 22nd of November, 1917).

Capital

Authorised Paid-up Capital →

$80,000,000.00

$18,378,800.00

Beserve Fund000$ 9,829,135.88

HEAD OFFICE: FEKING.

HONGKONG BRANCH. QUEEN'S ROAD CENTRAL Branches and Sub-branches all over China and Correspondenta in Europe Amaries, and other parts of the worl London Bankers: The National Provin

cial and Union Bank of England, Ltd. The Guaranty Trust Company, offiew/

Tark New York Bankeryfan Tha- Irving. The Equitable Trust Company of New