1928-10-06 — Page 2

HONG KONG. AND SHANGHAI BANKING CORPORATION.

行銀商工法中

Authorland Caplin 100,000,000 Classed and Fully Paläopen 836,040,000

Reserva. Panda 1-

Sterling mellom

fiver

Szemvu`Elability of Proprietare men.130,0

6,000,000 @14,000,00

HEAD' OPPION), "KOMIXONG"

'រ

COURT, OF DIRECTORS —– A. E. Compton, Zag Chairman.

N. 6. Bowen, Eng.

Deputy Chaliana.

Hei. Mr. B. D. 7. Besik.

.is, Bali, Zeg.

W. In Fatiandan, Bog.

J. A. Fluxmar, Meg. He Mr. 0, 0, 8. Mackle. T. G. Wael, Esq..

P. W. Maser, Beq. II. P. Whito, Esq.

Oble! Manager

tion. Mr. A. G. Hynes

1MOT

ΧΑΝΟΚΟΣ

JATAVIA

BOMBAY

JALCUTTA

DANTON

ORE TOO

· BRANCHES.

LONDON LYONS

MALAODA

MANILA

MOULDEN NAGASAXI NEW YORK PEKIKO

PERANO RANGOON

BAIGON

BAN FRANCISCO

COLOMBO

DALRE

TOOCHOW

TAPHONG

КАМАСДА

BANKOW

HALBIN

ZONSKEW

ILA CLO

iroft

BUNGEE PATANI TIENTUIN

JOFGRE

TOKYO

KOB

KUALA LUMPU

RSANOHAI

SINGAPORE

HOURABAYA

TSINGTAO

YOKOHAMA

Der Abroute opened in Local Currency and Fixed Deposita monivad for ade juur shares periode to Local Gurgaony and derling sure whlob will be quot on application. Hong Kong, 10th September, 1923.

HONG KONG SAVINGS BANK.

1 ses of the above Banks in candwit. by Luo HUNDKONG AND DIJAMUŽIAI they be wURPUBATION. Bules

SHANGHAL

bahau

oumide so pomaga

avia

THE HONGKONU

PARNU OURPORATION.

A

A. MY NIH,

Wikini Manager.

Hong houg. 19th September, lt.

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

(DETULHLANDS TRADING 2VOLETY) BANKERS.

Established 1824.

J

Kong Kong Ufon:-11 Queen's Road Central authorial Capital Gulders 180,006,000- (9,800,000.) rudy Depital Gildan 10,000,000- (46,408,870.) Bewares Fund

Guildars 40,000,000

Head too--(AMBTERDAM"). Kassin Head Ofos:—BATAVIA.

DHARCHES:—Bandjermaain Baadost") 'Bombay,

Calouste, Cheriton, Hidias, Djurbar, jokikarta, The Higus), Inde Kola Radja, Mahamer, Kelti, Padang Pakalongan, Pahang Palembang

Hangre, Bossartan), Shaoghal, #kokk (turalem) Bingapore, Boarabala, Bowrakarta (Solo), Topal, „Zjilatja9: and Wallerradan."}

! These omless bars safe deposit boxes so les Landia Blokum Nations Prosímial Bank Edd.

Correspondents all over the world

Banking business of every

desorption seanssösed,

O. STEENUTRA,

Hong Kong, th August, 1093.

Manager.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

90, Boulevard Haussman, Paris,

Subscribed Capital.. Fra. 72,000,000.00 Fald-Up Capital ...........Fzs. 68,400,000,00|| Beserve Funds ....Fra.102,000,000,00

BRANCHES: Hanol

Bangkok

Quinhen Battambang Hong Kong Saigon

Catho

Canton

Mengtze Shanghai Nam Dinh

Singapore

Fort-Bayard

Haiphong

Vinh

Dibouti Normes Tienkiin

Huw Pom-Penh Yunnanfs

Fondicherry BANKERS:

IN FRANCE: Comptoir National

BANQUE FRANCO-CHINOISE

pour le

Commerce et l'Industrie (Incorporated In France). Priace's Balking, Chater Road,

Hoar Hony.

RAD OFFICES

74, Rus St. Lazare, Paris. Capital folly paid up....Frs.50,000,000 Special working capital..Fra.50,000,000

...Fra 22,810,00

BRANCHES:

THE CHINA MAIL,

LOCAL SHARES

COMMERCE

MESSRS, MOXON & TAYLOR'S WEEKLY REPORT

A STEADY MARKET Paris, Lyons, Marselllow, Balgon,

Messrs. Moxon and Taylor in Enphois, Hanoi, Toucans. Guinhon. An Thành hon, vịnh, Pnom Penh

Peking, Shanghai, Tientsin, Hong their weekly report on the Hong Kong.

Kong share market, under date of yesterday,, state:

BANKERS:

J

FRANCE:-Societe Generale, Banque

Faria et des Pays Bas. LONDON:-Midland Bank Ltd.

Nationale de Credit, Banque do

NEW YORK:-American Exchange Irving Trust Co., Banca Commer ciale Italiana.

SAN FRANCISCO:-Bank of Italy.

L. BERNIS,

Manager. Hong Kong, 3rd August, 1928

Gr.

AND

FINANCE.

IN U.S.A.

SURVEY OF BUSINESS CONDITIONS

could not be expected to hold over. into a period of abundance.

SATURDAY, OCTOBER 6, 1928.

STRAITS TRADE

PRONOUNCED DECLINE

THIS YEAR

With reference to harbour' Im- provements, Mr. Bagnall urged that the removal of shoals should' be proceeded with, Irrespective of | wharf · extónsion schemes, unless the cost were found to be excessive," Of the alternative extension schemes, the committee favoured Schemes C and D, and Mr. Bagnall also suggested, that the present A very pronounced decline in the coaling system was more suited to

SINGAPORE CHAMBER

Singapore, Sept. 26...

uncertain

Despite the decline in grafin prices that has occurred; all calculations indicate that the farmers' purchas fng power should be large this year, and business correspondingly bene- Ated. Yields have been so uniform- ly good that while the farmer will get less per bushel for his grain than a year ago he will be compensated in a measure by the trade of the Colony during the first the needs of the port, notwith- fact that he has more bushels to half of this year, as compared with standing the advantages of the sug sell. Then, too, farm production the corresponding period of 1927. gested mechanical equipment. costs are being steadily lowered by was reported by the chairman of

While the period under review REVIEW OF SITUATION the growing use of mechanical the Singapore Chamber of Com-

at the had not been a prosperous one, Mr. equipment, ao that the net money morce (Mr. J. Bagnall)

Bagnall said, there had been no The past Summer has given con-income of the farmer is being. annual meeting yesterday..

Referring to the memorandum panic, Regarding the future of Of still greater vincing evidence of business re- steadily increased. covery and faw persons now have importance, however, in promoting lasued by the General Manager of the rubber industry, he said that any doubts about business being farm prosperity despite the lowering the F.M.S., Railways regarding it would now have to produce Our market continued steady good this Fall. One industry after of grain prices is the fact that the movement of rubber stocks on an economic basis, even if that during the week under review and another has been falling in line practically all the other leading after Nov. 1, Mr. Bagnall suggested meant further areas going out of factor-bad Production, and producers at least once again a fair amount of busi- with the better trend, so, that farm products are continuing to that one ness was transacted, in some in- while some unsatisfactory spots can bring good prices. Dairy products, weather--had not been allowed for, know that there was not much room stances, at advanced rates. still be found, general business is which in 1926 accounted to 23 per and if that was experienced "con- for a further considerable decline.

Shanghai market is rather quiet- unquestionably getting back rapid-cont. of the total value of farm pro- gestion and disorganisation appear in prices.

Mr. Bagnall's view of tin pro- ly to a normal footing. Again the duction, are all of them calling at bound to occur."

A drop of 50 per cent. below spects-which was of particular Every description of Banking and The following are the principal country's recuperative powers have profitable levels. Cattle are close Exchange Business Transacted. Coralterations since last week: been underestimated, and revival to the peace-time record and hoge the normal turnover of piece goods Interest in view of his position as respondents throughout the world.

Banks:-Continued in demand has come more swiftly and vigorare likewise bringing high prices was reported, but Mr. Bagnall chairman of the Straits Trading but there were very few shares on ously than even the optimistic had some $2.80 a hundred-weight more stated that there was now a mach Company-was that world pro- Increasing every offer and as much as $13.40 has anticipated Incidentally, another than at this time a year ago. In- better tone in the bazaar. The duction was been paid.

demonstration has been, furnished asmuch as the feed crops are chiefly imports of printed cottons from month, present prices were not low the hoof the high the United Kingdom increased by enough to force minos to close Unions:--Came to business at of the fallacy that presidential marketed on $3722/4, but close rather easier years are necessarily bad years for prices of animal products are an 55 per cent, but there were de- down, and unless

a very sub-

with sales at $370.

business.

offsetting factor to the lower level creases of 30 and 16. per cent. instantial increase in consumption Canton Insurances and Hong

plain and dyed cottons respective occurred, the outlook was not too ^ of feed grains. One reason for the general feel-

ly.

bright Kong Fires:-Wore

(Continued on Page 3) ngain uning of confidence is the harvesting] HEAD OFFICE: LONDON, Changed with buyers at quotations; of exceptionally fine crops. Na- .43,000,000 and the same applies to China ture has been working a veritable

£4,000,000 Underwriters.

miracle in the agricultural regions. Hotels: Changed From & backward and discourag- £8,000,000 hands at $8.60, while $8.70 is now ing beginning, the agricultural being asked for further business. season has rounded out in fine. Hong Kong Lands-Came in for shape, and what threatened at first a good demand at $66, at which to be a season of shortage has de- price some business was done.

|veloped into a season of unusual Humphreys Estates:-Were firm abundance. On June 1 the Win- and unchanged.

ter wheat crop was estimated st 512,000,000 bubbels, 32,000,000, Bead Birisin bushels short of last year's crop, and Spring wheat was still an un- certain quantity. By August 1, however, thanks .to unusually favourable growing conditions, itį was apparent that, we had a Win-

Steak Sirloin wheat crop of, 579,000,000 bushels, which, together with Sabiages

of Spring Bullock's Brains .bara 312,000,000 bushels wheat, brings the, total yield to Tongue, track.. 4 |891,000,000 bushels, an increase of 18,000,000 bushels over last year and the third biggest crop on re cord.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1863.

Paid-up Capital Reserve Fund .......... Reserve Liability of Propria-

tors

Agencies and Branches:

ALOR STAR

(Malay Bile) AMRITSAR. BANGKOK BATAVIA BUNDAT KALOUTTI CANTON CAWNPOBE €200 CULEMBO DELHI HAIPHONG HAMBURG KLANKOW HARBIN (N. Manchuria) TAIPING" KONG KONG ILAILA IPCH KARACHI

KUCHING MADRAS MANILA MEDAN NEW YORK PERING PENAND PESHAWAR MANGOON SAIDON BEMARANG MEREMBAN ΕΠΑΝΟΠΑΙ SINGAPORE SOUBABAYA

(7.L.B.) TAVOX TIENTSIN TOKYO ELANG

TONDRAH (Bhuket) TSINGTAO KUALA KANGSAR YOKOHAMA

ZAMBOANGA *Pask (P.M.8.)- KUALA LUMPUR

Philippine Islamzzle) Foreign Exchange and General Bank ing business transacted.

A

EOSX

Current Accounts opened and Fixed Deposits received for 1 year or shorter perioda at rates which will be quoted on application,

Manager.

A. H. FERGUSON,

Hong Kong, 3rd April, 1928.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:Taipeh, Formosa. Incorporated by Special Imperial Charter, 1899,

Central Bank in Formosa. Bank-Notes jed

Average amount Yen 45,000,000

Hong Kong

Realties:-Had a steady market with business done at $8.70/85

Hong Kong Trams:-Were done at $24.10, but close rather easier with buyers and sales at $23.90.

Steamboats:-Opened with buyers at $274, but eased off a trifle and $274 is now being offered.

Star Ferries-Were steady with buyers and sales at $67.

Waterboats:Again advanced and are wanted at $284.

a

China Lights: Experienced steady and rising market, the old shares changed handa at $13%, and they close firm with buyers at quotations for all three issues.

China Providents:-Had a steady turnover at $5.80.

Cement:-Were quiet with no business reported.

Telephones:-Were enquired at $7.15 cum. rights without meeting with any response from sellers.

Ropes--Both old and new shares came to market at $74. Watsons-Aro quiet.

Dairy FarmsAre ulso quiet. Electrics: Met with a good de-

ter

H

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL

· PRICES.

Poultry,

Sept. 26, June, June,

Rutcher Meat.

Sept. 26, June, June,

1918. 1918 1914.

ib.

18 #4 12

M

Prime Cat

Chicken

18

38

1#

Corned

H

84

23 12

Capone, Small

#

·H Boast

* 24

22

Capons, Larza

·

Breast

20 20 18

Duck

*

*

Soup

21

20

18

Doves

37

Steak

#

28

24

**

Eggs; Hen (cooking),.

+

Н

45

80

35

Eggo, Hen (fromh)

12

40

28

9:0

Fowls, "Canton

per set 15

10

each *65

80

Goese

Tongue, corned

60

Heid

N

H

$1.20

-$1.20

Heart

11

24

18 14

Humy, Salt

24

20. 18

fr

Foot

each 10 10

12

Kidneys

16. 10 19

28 10 13

H

th

24 13 14

-Tail

Liver

Trips

Corn added 300,000,000 bushels to its total between the July and August estimates and, topping well over 3,000,000,000 bushels, promises to be close to the pre- vious record, Barley la a record Calvaa' Head & Fest.. crop, cats are above the average, Mutton Chop and ryo, though decreased from last year is much Improved from

Baddie previous months. All in all, the leading grain crops showed a gain Pig's Chitlings Į of 550,000,000 bushels for the Brains

month of July alone, and an estim

BRANCHES AND AGENCIES: JAPAN:Tokyo, Yokohama, Kobe, mand and shares were taken off theated

market at $53/4 old and $52% Osaka

4

Wharves: Changed hands $138.

increase Dver last year amounting to 570,000,000 bushels. Good minor crops are likewire re- at ported, with potatoes at a new re

cord, apparently In excess of 480,000,000 bushels.

FORMOSA-Gran, Kag!, Karenko,

Keelang, Makong, Nanto, Shin/new. chics, Taichu, Tainan, Takso, Tamsul, Toes, Heito, Taito. CHINA:-Shanghai, Hankow, Amoy, London Quotations of the 4th

Foochow, Swatow, Canton, OTHERS: Hong Kong, Singapore inst:-Banks £140; Indos Deferred Batavia, £8 5/- Shells 95.11.3 all middle Bourabaya, Semarang, Bombay, Calcutta, London, New prices. Tork, Datzen.

LONDON BANKERS:

Exchange:The demand selling

The London County Westminster and rate on London is 2/3/16 and the

T/T. on Shanghai is Tls. 774. Parr's Bank

Ma.

The Back has Ocerespondente la the Cocamerofal Centres in the European Coatlant, sin, Mas charia Talagiso, Ispas, Indo-Chine, Blam,” India, Pallippins Talande, Java, Africa, U.B.Á., Aurialia. Insect sllowed on Current Accounts, sed Picad

J. IHARA,

CANADA'S EXPANSION

.

Naturally, these drastic changes in production prospects have had a marked effect on prices. Last May much of our Winter wheat looked like a failure, weather was unpro pitious in the Northwest and in Canada, and European crops were

#

Leg

Shocider

#

E

#

8 67

Get $1.20 $1.00 $1.00

ib. 48 20

H

1928. 1018. 1914

路

21

Cta. Cts. Ote.

ib.

60

80

55

23

60

28

45

-

22

Bach -80

per doz. 30 18-

38

25

76

80

50

86 24

50

24

Beach 55

80

35

28

$5

151

each

FE FAKER **«****A

Fowls, Hainan ***** W *}

Pigeons, Canton

Hoihow

Turkeys, Cock" Turkeys, Hen

Snipe Fheasant

Quit

Partridges

Apples (California)

Bānanan (brids')

Carambola

Coconuts

Lemons (America)

46 28

44

#

"

46

Almozda

80

#

Per set 8

Fest ...

Fb. 18

15

鹼

Fry

28 16

18

Head

16

20

"

か

Heart

each 15

10 10

Lemons, China

Kidneys

15 $10

8

Liver

48 30

Lichses, Dried

Pork

- Log

Chop

25

25

1.

Loin

42

00

70.

Fat of Lard...

26

21.

met 90

60 - 70

18

8

18

12

10

46. 20

16. 20 25

80

糖

Sheep's Head & Fort..

M

*

Heart.. *Kidneys

*

Liver

*** BEBBBBBBEEEE+*EFERREË

backward. It looked as though the Backing Piga, to order. H. world might find itself short of Sust, Beef According to a survey of recent wheat during the coming season Muttan

'Eerompte de Paris; Credit Lyonnais; you're in zen pen be axupted. Industrial developments in Canada. and the price in the Chicago market val

Banque de Paris et des Pays-Bas; Gradla Industrial Commercial; Bodiese Generala.

IN LONDON: The National Pro- | vincial & Union Bank of England, Ita.; Comptoir National d'Escompte de Paris; Credit Lyonnala.

IN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- paration; Guaranty Trust Co. of New York.

Interest allowed on Current Accounts and Fixed Depoalta according to arrangements,

Every description, of Banking and Exchange Business transacted. Safe Deposit Boxes to let

. CIL. LEK

Manager.

Hong Kong, 28th August, 1928,

Ron.

HONG KONG BRANCH;

Manager,

&, Des Voeux Road Central.

Hong Kong, 22nd September, 1927,

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Fresidential Mandate of the Republic of China on the 2nd of November, 1917).

Authorised Capital Paid-up Capital Reserva Fund

HEAD OFFICE: PEKING,

HONG KONG BRANCH:

4, Queen's Road Central.

made by the Canadian Bank of touched as high as $1.67 for the Commerce, no leas than 200 Impor-September delivery. Since then, tant extensions have been added however, the situation has under- during the last 18 months to exist-gone a great change. Our own ing manufacturing plants, and over crop has turned out to be a good) 100 new factories have been erect-one. Canada is harvesting the

was in

牛羊仔仔

Oranges (Canton)

Oranges.

Pears (Canton) Peanuts

Persimmons, Large

Planteln

Pamelo, Slam

Walnuts

Grapes

Fruits.

མཆ བ དནྟིཾ་དཎྜ་རམ

pair

each

גו

60

-ឥនឡាដ៥ |-ឌ៖ដាន | | | | | |

Ib.

86

24

5

15

12

Beach 14-

∙10.

10

* 20 each

.12 8

25

新會龊證

.25

15

(14, 10

12 12.

each 18

12

•LLA DE QUE ME HIS ME MBRÆNDELSEN-

Artichokes

Beans, Sprout

Long

Beet Boot

Vegetables, &c.

Brinjals, Green

Saxisgus

No. 1..

"

Fish.

Ib. 82

19

24

Bitter Squash

20 16

18

16

Red

30.16

27

Cabbage, Chinoss

24

30% 20

199

25

(Bhangha!)

20"**.28

26

22.

18 :2

16

ed. Canadian manufacturing biggest crop she over had-be Barbel plants are now turning out approx-tween 500,000,000 and 650,000,000 Brea imately 140 per cent. of the quan-bushols, In Europe conditions Canton Fresh tity of goods purchased during the have likewise improved, and the Water Fish. peak of war-time activity 10 years outturn there is now expected to Carp $80,000,000.00 ago. In spite of lower prices, their be somewhat greater than that of Catfah 18:278,600.00 products have a gross value over last year. Thus the northern Codfish

9,629,425,24 20 per cent. higher.

hemisphere has definitely larger Crabs The value of Canadian manufac- supplies of wheat in sight than a Cattle Fish tured products turned out last year year ago while reports from the Dab...

the neighbourhood

of bouthern hemisphere, which will Dace $3,500,000,000, or about $260,000,000 become Increasingly Important Dog Fish Branches and Sub-branches all over in excess of the 1926 output. This henceforward, indicate acreage in- Eels, Conger

Trosh Water · THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe, constitutes a record production and creases in both Argentina and Aus

Americs, and other parts of the world. indicates the extent to

Yellow which tralia. Offsetting in part the larg London Bankers: The National Pro- vincial and Union Bank of England, Canada has shaped in the generaler supplies of wheat are probable Frogs

Industrialisation of non-European decreases shown in the European Garoupa The Guaranty Trust Company of countries since the war At the crops of rye and potatoes, likewise Gudgson New York.

New York Bankers: The Irving end of 1926, capital Invested In the fact that world wheat con- Henings

Canadian plants coached a total of sumption is increasing rapidly, due Halibut National Bank

The Equitable Trust Company of $4,000,000,000, but since then the to the increase of population and Labrus New York.

figure has been largely increased by improved purchasing power, but Loach Intermat allowed on Current Accounts extensive additions to existing even so it is clear that justification Lobsters: and Fired Deposita... Terms on applica tion.

Every description of Banking Ba ness transacted.

'LIMITED.

Fatablished 1880. Capital (fully paid-up) Yon 106,000,000 Reserve fund

Yen 102,500,000

· Head (Ros---YOKOHAMA,

Branches and Agencias ati

Newchwang New Tork Osaka.

Alexandria.

Batavia.

Bustos Ayres.

Bombay.

Calcutta.

Canton.

Changchun.

Dairen (Dalny).

Peking. Rangoon.

Rio de Janeiro. Salon

San Francisco. Fangtian (Mukden). Seattle,

Semarang Hamburg

Shan Shimo Singapore. Soerabaya. Sydory Tientsin, Tokyo

Vladivostok/

¿wed on Current.

soulfed (for “fined}

・bs obtained ́en won)

Hong Kong 11th September

Lokna granted on appoved securities. 'Special facilities for Homs Ex- change.

BHOU J, CHEN,

Manager.

THE BANK OF CANTON, LTD.

Tatablished 1912-”

Captial Çuk * Ourzanet) (1.811,800,000

Kim

plants.

THE MERCANTILE BANK OF INDIA, LTD.

SOM HEAD OFFICE:

18, Gracechurch Bussi, London, E. 0.5,

Authorised.Capital

Bubscribed Capital. Paid-up Capital Reserve Fund and rest

DANKERS

£8,000,000

1,800,000

1,050,000

(1,584,846

Tis Bank of England Midised Bank, TA

Kuala Lumpur Van Rangoon Kuantan (Pahang)

Bangkok: Hongkong

Fatavia Howrah

Celinho - Kartell (5)Pasang`

for scarcity values no longer exists Mackerel and prices accordingly have had a Honk big recession, as represented by the Mullet present: Chicago quotation of Dyn around $1.10 for September.

Similarly, December: corn under weight of increasing prospective Pike. supplies has dropped from an Flakes early season peak of 981⁄44

| around 178; cents, oats have

from 50 cents to 87% cents, and

rye from $127 65 98 cents.

Then declines in price

disappointing to

there have been'

been

* BRASSES

BG

Cana Shoots, bunch Cauliflower (Large)

Carrota

(Medium) (Small)

Celery, Chinese

Chillies, Dried

Red

Grein

35

20

15

10

28** 16-

34

10

2126

30

--8225

Curry Stuff, Eng

75 40 80

Cucumbers

18

·Gázké

23

Ginger, Young

18

∙15·

22

Indian Corn

21

Lettuce

Water

Mushr

Hornaradish, Shanghal n

Pot

A ***** 1024

12

10

1888N 19° 1.