1928-11-09 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

wishorland Ospital. «m. 960,000,000 trued and Fully FoldUp : 236,196,000 Mazarga Panda 1-

slima

4.000.000 16,000,0

Keserro Elablility of Propelstons ...........13,204,600

HEAD OPTION: HONOKONO.

COURT OF DIRECTORS:-

A. II. Compton, Esq. Obsirsa,

• 3. B. Brown, Rag. Deputy Chairman.

Men Mr. B. D. P. Beith. W. Li, Bell, Esq. Zen. Mr. C. G. 1. Mokie. 2. W. Homy, Reg.

AHO!

BANGKO

BATAVIA

BOMBAY

W. L. Failonde, 196

3. A. Plummer, Eng.

T. 0). Waal, Fag.

L. P. While, Esq. Call Manager Hon. Mr. A. 0. Hynne

CALOUTTA

CANTON

CERFOO COLUMBO DATREN FOOCHOW HATHONG

RAMBURO

DELNKOW

MAMBIN

40NGLE

ILOILO

ZOBURR

KORN

ARANCHES (+-

LONDON

LIONS

MALAGOA

MANILA

KUALA LAMPUN

MOURDAN

NAGABAKI

NEW YORK

PEKING

PENANO RANGOON

BALCON

BAN FRANCISCO BHANGHA

SINGAPORE

BOURABAYA BUNGRI PATANI TIENTHIN

TOKYO

THINGTAO

YOKOHAMA

Gartens, Accounie opened in Locs] Ourssej mus Fixed Deposity received for son jane ar ukutane perloda) in Local Currency sad ivering sema which will be quoted na appiloading. Korg Kang, 10k Beplumber, 1920,

HONG KONG SAVINGS BANK.

The Business of the shore Baak la conduon- bd by the HONGKONG AND SHANGHAI BANKING CORPORATION. Bulan may be ohteinad on applicatiau.

FOR THE HONGKONG BANKING OBEPONATION,

BHANGIAJ

A. O. JIYNEN.

Ühist Manager.

Hong Kong, 10k Beptember, 2017,

NEDERLANDSCHE HANDEL

MAATSCHAPPIJ.

ARETHEALANDH TRADING 200IETY)

DANKERS.

Kstablished 1934.

Hong Kong Dios -11 Queen's Hood Central.

anikeriană implied immune tiudidars 180,000,000-

(811,500,000.) Pud-Up Depital Gulldum 80,000,000

(£6.606.870.) Bakiya Fund man mum. Ouilders 10,900,108-

Head Office :-(AMSTERDAM'). Master Hand OM:~BATAVIA. BRANCHES -Bandjermesta Bindowng') Bombay,

Caloutta, Charibon, Siddik, Djember, Djakjakarta 1, The Unguo), Keby Kósa-Badju, Makassar, Medan, Falana Falambang, F'kalongan, Penang Pratican Liangoon, Botanam'), Bamarang't

Bhanghai, (kunsten) Singapore, Booker (Holo), „Tegal, Tillaíjap

Bours

') Thess oflean hare safe deposit boxes so lat.

Lansing Dapkurs 1---National Provincial Bank Ltd.

Vorrispondente, vil over, the world.

Banking business of stay

<description, transected,

0, OTRENSTRA.

Hong Long, Bik August, 1926,

行銀商工法中

BANQUE FRANCO-CHINOISE pour la

Commerce et l'Industrio (Incorporated in France), Prince's Building, Chater Road, Hong Kong.

HEAD OFFICE: 74, Rue St. Lazare, Paris. Capital fully paid up....Fra,50,000,000 Bpecial working capital..Frs.50,000,000 Eoservis

Frs.22,818,00€

Kong.

BRANCHES:

THE CHINA MAIL,

COMMERCE

SHANGHAI MARKETS

PIECE GOODS SPECULATIVE OPERATIONS

TEA PRICES Paris, Lyons, Marseilles, Saigon, Haiphong, Hanoi, Toursae, Quinhon The outstanding feature of the Hur. Thanh hoa, Vinh, Phom Panh. week (says the "N.-C. Daily News" Peking, Shanghai, Tiantain, Houd of 27, utt.) was the drop in prices

for Plece Goods. BANKERS:..

Quantities were FRANCE:Societe Generale, Banque increased at the Yuenfong auction Nationale de Credit, Banque de on Thursday and, the sale totalled Paris at den Paya Baz.

383 packages.. Prices were down LONDON:-Midland Bank Ltd. NEW YORK;-American Exchange as follows:-Black Venetians 2 Irving Trust Co., Banca Commer-mace, Italians 3% mace, Greys ciale Italiana,

11⁄2 mace, and Whites just a trifle SAN FRANCISCO Bank of Italy..

flower. Every description of Banking and Exchange Business Transacted. Cor respondents throughout the world.

L. BERNIS,

Manager Hong Kong, 3rd August, 1028

demand

The

AND

FINANCE.

Taking a general survey of the situation, it is difficult to predict with any certainty the Immediate future trend of the market, yet it la permissible, viewing past and present conditions, to foresee no very sharp upward or downward fluctuations in the near future until the situation will shape Itself In one way or the other in a more decided manner, and conservatism should therefore, be the keynote of any operations entered into at the present time.

Yarn

The Kungping Auction Regarding the Kungping Piece Goods auction on Tuesday, al- though trade orders were not lack ing, many dealers were healtant | about following advances of the past two weeks and the result was Since our last report, our market that bidding dragged and prices has experienced a further advance of throughout eased slightly. The 72.00 to $3.00 above the lovel Inst main support again emanated from ruling. In all some 10,000 to 11,000 Yangtaze ports, with Local dealers bales of local spinnings have

for all Fancy lines. changed hands for export to Sze competing Ningpo took heavy shirtings, but .chuen. Kiangee, Hankow, Chang- against immediate Trade sha, Amoy, Wuhu, Canton, Swatow, Yunnan, Tientsin, Ningpo, Fuklen The report continues:-North-↑ and other interior ports. crn Merchants appear more

Silk optimistic and a few purchases of White Shirtings are reported in anticipation of demand, It is hoped more facilities will shortly fairly active market prevails with

not orders.

A

There is no special feature to report in the Silk market,

prices very firm.

Metala

A

FRIDAY, NOVEMBER 9, 1928.

Cardiff - correspondent writes:-In the tinplate trade,

business has been comparatively LAMMERT BROS.

quiet during the past week. Most of the works, however, are well booked for October ship-i ment, and some of the manufac

turers are committed well into

„AUCTIONEERS, APPRAISERS AND SURVEYORS.

Public Auctions- HE Undersigned have received TH

Instructions to sell by Publie

Auction

next year, Home consumers are reported to be replenishing atocks in odd BİZOS at the schedule rates. There has been no alteration. In prices, which for baala boxes have ruled at from 18s to 188 3d. Glavanised sheets

also unaltered ai ara £13 10s per ton, and tinplate bars are £6 for local makes and £5 to 25 12s 6d for imported A

It transpires that under! the suggested agreement with the United States the overseas trade is to be distributed in the proportion of 70 per cent. to the United Kingdom and 30 por cent. to America.

bars.

* Black Tens Keemuns:A fair business has been done during the week, somej 2,000 h/c. having been settled at Stocks are now reduced

T27/32;

to less than 10,000 h/c.

Ningehows: The market

There is a fair maina lifeless. quantity of reasonably good teas on hand, but the prices asked effectively kill what little demand

In regard to Blacks, prices have advanced steadily at the last few nactions and Thursday's drop was

be available for distribution of not altogether unexpected. gap in

goods to consuming districts up unfortunately

Home prices on New Motais coincided with considerably in North and no volume of inquiry can creased quantities and the result be expected until this eventuates. have increased and this tone is re- was that speculators who The near Yangtaze ports, Changsha flected locaky. Suppliers' stocks bare, seized the opportunity to try and Ningpo provide steady trade of Waste.metals are low and dif- and create

orders and this demand is sufficient, ficult to obtain, and prices here are an atmosphere 'of de- presalon. Their

Sze- very firmi. Little business has there is. Idea being to to keep local values firm.

chuen is taking very little inter- been brought to book locally. purchase goods now, and hold on £3,000,000 until prices rise again

as must est

in stocks at the moment. is of interest to reproduce the fol- £4,000,000 happen before China New Year, Dealers report satisfactory sales of lowing observations on Home mar- £3,000,000 In this they were not entirely suc! Venetians, Velvets, Twils and Coat-kot taken from the latest report to

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON... Paid-up Capital Reserve Fond Reserve Liability of Proprie

tura

Agencies and Branches:

ALUR STAR

(Mainy Blain)

AMRITSAR

BANGICK BATAVIA BOMBAY CALCUTTA CANTON CAWNPORN CEBU

COLOMBO

RUCHING

MADRAS

MANILA

MEDAN NEW YORK PERING FESAND PEBILAWAR KANGOON SAJOON SEMARANG HEREMBAN QUANQUAL SINGAPORE

НАПРНОКО

HAMBURG

BANEOW

SOURABAYA

BARBIK (N. Manchuria) TAIPING

HONG KONG

(FAR)

ILOILO

TAVOY

IPOR

RADACHI

TIENTSIN TOKYO

KLANG

KOBN

KUALA KANGSAR

Peak (P.M.S.)

KUALA LUMPUR

TONGKAR (Bhuket)

THINGTAO

YOKOHAMA

ZAMBOANDA

(Philippine filando)

were

another sce

ings and confirm that their mer- chants show promising interest in atacks of White Shirtings.

It will thus be seen from this

cessful, as stocks generally are low, with very little coming in and con- sequently there was some genuine demand. We may slight fall next week but it is ex. last report, that the first really pected that the market will soon noticeable drop took place at the readjust itself in view of anti-Yuenfong auction on Thursday. |cipated strong demand in the near

future.

ware

по

Groy Shirtings were quiet with little demand. There orders from Ningpo and, with little doing locally, prices just sagged.

The situation was rather better In Whites, The ordinary China types were perfectly steady but

on

Foreign Exchange und General Bank-Korean qualities were a trifle ing business transacted.

There, was, how- Current Accounts opened and Fixed the lower side. Depenita received for 1 year or shorter ever, much more interest in these perloda at rates which will be quoted than in Blacks, on application.

Manager.

A. H. FERGUSON,

Hong Kong, 3rd April, 1928.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO).

case

of

Deliveries are very satisfactory -particularly in the Kiukinng. Korea has taken a small shipment but Tientsin Tsingtao remain conspicuous their inactivity.

-

Cotton

Teas:--Little

It Hankow Black

business has been done during the week: Russians are inactive.

hand of the London Iron and Steal

Exchange:-

The autumn demand for iron and steel is developing fairly satisfactorily, and the tone of the meetings on the London Iron and steal Exchange of late have been characterized by a distinctly optimistic feeling. A great deal of the improvement in the market position can be traced to the activity in the Continental steel markets and to the steady up ward movement in the prices' of Continental Ameri-

steel material. British buyers of Continental steel, however, are showing little inclination to pay the present prices, but, on the other hand, the Continental works are appar- ently extremely well off for orders, and are in a position to regard the British market with indifference.

On the local Cotton Exchange, Cotton is down about 60 candareens per plcul for near months and slightly up for forward months. Yarn, however, is much stronger, prices being Tis, 3 to Tla. 4 up on those ruling a week ago: can Cotton is some 44 points easier! for, December. There has been aj fair amount of buying of Yarn. and Cloth from the Mills, Yarn having been sold as far ahead as February.

both Clearances of Yarn and Cloth are very good. Mills have been fairly free buy- anders of China Cotton but prices of Indian varieties are still too high. by

In their weekly report on China Cotton and Yarn, Mesars. J. Spunt ❘ & Co, write

China Cotton During the past week there has been no decided change in the 10. Des Vieux Road Central, Hong Kong' fundamental conditions of the mar- Authorised Capital $10,000,000, kat, although prices ruled lower

5,000,000

by Tls. 0.60. for. Oct./Nov. de- 1,200,000 BRANCHES AND AGENCIES: liveries, but prices for forward de Batavin Melbourne San Francisco liveries are nearly the same as those of last week, fluctuations' on the whole originated with condi tions in the local market and manipulative causes, therefore, their relation to the general, situa- tion is unimportant. The specula. tive element seem to regard the present level of prices as offering. little inducement to operate on either side of the market and are assuming a waiting attitude, re- quiring new developments in the general outlook as an incentive to fresh operations.

HEAD OFFICE:-Taipeh, Formosa THE BANK OF EAST ASIA, LTD.

Incorporated by Special Imperial

Charter, 1899,

HEAD OFFICE; HONG KONG.

Manager.

Central Bank in Formun. Bank-Notes Issued

Average amount

Yen 45,000,000

Paid-Up Capital Reserve...

DRANCHES AND AGENCIES:

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

90, Boulevard Haussman, Faris.

Subscribed Capital. Fra. 72,000,000.00 Pam-Up Capital ..... Fr. 63,400,000.00 Reserve Funds ....Frs.102,000,000.00

BRANCHES: Bangkok Напол Quinhoa Hattambang Hong Kong Saigon LAFLOO

Metigtze Shanghai Canton Nam-Diah: Singapore Llibouti Noumes- Tientsin Fort-Bayard Papeete, TouraDS

thuphier. Being Vinh

KLAND W

Pnom-Pant Yunnanfu

Pondicherry

BANKERS: IN FRANCE. Comptoir. National d'acompte, de Paris; Credit Lyonnals; Banque de Paris et des Pays-Bas Gredit industriel et Commercial; Societ Geaurule.

AN LONDON: The National Pro Fincial & Union Bank of England, Ltd.; Comptoir National d'Escompta de Paris; Credit Lyonnais.

AN NEW YORK: J. P. Morgan & Co.; French American Banking Cor- poration, Guaranty Trust Co. of New Xark

* .

Eaterest allowed on Current Accounts and Fixed Deposita according arrangements.

Every description of Banking and Exchange Businese transacted. Safe Deposit Boxes to lef

CH. LEM,

Manager.

Hong Kong, 29th August, 1928.

| JAPAN:~~~Tokyo,

Osaka.

Bombay Nagasaki

Seattle Yokohama, Kobo, Calcutta New York Semarang

Canton

Osaka Singapore FORMOSA-Gran, Kagi, Karenko, Haiphong Paris

Sourabaya Keelang, Makong, Nanto, Shin-He

Honolulu

Peking

Sydney Takao, Kobe chiku, Taichu, Tainan,

Penang Talnah Tamaul, Teen, Helto, Taito.

Kowloon CHINA Shanghal, Hankow, Amuy, London

Tionisin Rangoon Saigon Tokyo Foochow, Swatow, Canton.

Manila Shanghai OTHERS: Hong Kong Singapore,

Correspondents in all principal cities Boerabaya, Semarang, Batavia, of the world. Bombay, Calcutta, London, New York, Dairen.

LONDON BANKERS:

Every description of Banking and Exchange business transacted. Loans

The London County Westminster and Granted an approved securities.

Parr's Bank

The Bank Correspondente in the Conamaradal Cenirse in the European Continent, Bassia, Mes- eberia, Tungia, Japan, Indo-China, Biata, India, Pallippine Inlands, Java, Atrion, Uil.A., Anetenlia, *Intersei allowed on Current Accouala, and Fixed Depasiša at rains which will be quoted on applies- son. Depoise in Xas can be socapted.

J. IHARA,

Manager.

HONG KONG BRANCH:

8, Des Voeux Road Central Hong Kong, 22nd September, 1927.

THE BANK OF CHINA. 行銀國中

(Specially Authorised by Presidential

Mandate of the Republic of China

on the 22nd of November, 1917).

Authorised Capital Paid-up Capital Reserve Fund

$60,000,000.00 18,278,600.00 0,629,425,24

HEAD OFFICE: FEKING.

HONG KONG BRANCH:

4, Queen's Road Central. Branches and Sub-branches all over

THE YOKOHAMA SPECIE BANK, China and Correspondents in Europe,

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Reserve fund

Yen 102,500,000 Head Ofice:-YOKOHAMA,

Branches and Agencies at:

Newchwang.

Alexandria.

Batavia.

New York.

Bombay.

Osaka.

Buenos Ayres.

Peking.

Calcutta.

Rangoon

Canton.

Rio de Janeiro.

Changchun.

Saigon.

Dairen (Dainy).

Fertian (Mukden).

Ramburg.

Bankow.

Karbia.

Hong Loa. Honolulu.

Eat Tuan.

Karachi.

Kobs.

Londen

Los Angeles. Lyons.

Nagusid." Naguys.

San Francisco. Senttia, Semarang. Shangbal Shimoniosaid.

Sydney

Singapore. Scerabaya.

Tientsin. Tokyo. Tainanta.

Teligtau. Vladivostok

(Temporarily closed). Interest allowed on Current Acsanja, Deposita received for fixed periods at rate to be obtained on application

HORI Hong Kong, 11th September, "028,

America, and other parts of the world. London Bankers: The National Pro- vincial and Union. Bank of England, Ltd.

The Gharanty Trust Company of New York.

New York Bankers: The Irving

National Bank

The Equitable Trust Company of New York

Interest allowed on Current Accounts and Fixed Deposits. Terms on applica- tion.

Every description of Banking Buri-; iness transacted.

Loans granted on approved securities. Special facilities for Home Ex- change.

SHOU J. CHEN,

Manager.

THE BANK OF CANTON, LTD.

Establlahed 1912. '·.

Head Ofice Hong Kong.

Animised Captial (LK. Opvonal) ...$11,000,000 Fald Up Capital sinus

58.000

Canton, Bloughal, Haakow, Bwalow, Saurkak, New York and Ban Francisco,

LONDON BANKERS :-*

The_Lloyd's Bank Limited, CORKEAPONDENTS

In a principal w

World

Tunga" eenmago" and banking buslowes f avity Enulption: kasinoted.

Bale Deponi Bassa (Tachine alan) að « July

LOOK POONG SHAN, Pen Chief Managez Hong Kong, 19th. February, 1987.

SAFE DEPOSIT BOXES to let

KAN TONG PO,

Chief Manager. Hong Kong. 21st March, 1927.

Sp

As

Green Teas

Chunmeea: The lower prices have brought about a revival in demand for good quality teas for North Africa, and about 2,000 cases of Ticakalis have been sold at prices from, 392/98. The stock, how- ever, consists mainly of poor leaf and unattractive teas.

Sowmees:Last week's activity has, to a certain extent, been main- i tained, and a fair number of com- mon to medium teas have changed hands.

Fingsueys continue to be neglect-

Produce Business continues to be dull. Consumers bristle requirements time, enquiries having slackened appear to be satisfied in the mean-

ed.

off.

Also, local dealers are ask- ng higher prices which, combined

a consequence the British with the advancing exchange rates, steel manufacturers are booking renders business impossible. a fair amount of business, and Antimony prices have reacted in consumers, who for some time Europe and native holders have have been in the habit of taking not yet responded sufficiently to permit business. There is a fair are now demand for Sesamum seed but a placing their orders with home wide disparity still exists between works. The fact, however, that buyers' and sellers' ideas of value. British steel works are able to

A few small transactions are re-

Continental. material,

give immediate delivery, and that there are no anticipations of an advance in British steel prices, results in the greater part of the. buying being for Immediate re- quirements only. Export busi- ness appears to be expanding, and some good orders have re- cently been booked for railway material, notably one large order for South Africa, the work for which will be distributed be- tween the East Coast steel works, Export Inquiry continues on a good scale; but there is a dis- tinct hesitation on the part of buyers to come to terms at present values.

oversens

ported in egg yolk and feathers.

GANCIA.

THE GIRL GUIDES BAZAAR was held in Mrs. Toeg's garden, 211 Yu Yuen-road, when an unusually large crowd of patrons and apectators attended. The above picture, which was taken during the day, shows the visitors and Girl Guides at tea.—(Ah Fong).

ON

"

TUESDAY, 13th November, 1928, commencing at 2:30 pm, at their Sales Room, Duddell Street. VALUABLE COLLECTION OF

Comprising:-

CURIOS.

Chinese Hand Paintings, Porco- lain Vases, Bowls, Plates, Jade, Crystal, Agate, and Amber Orna- monts, Lacquer and Blackwood, Tables, Chairs, „Cupboard, Curlo Cabinets, Joss Tables, etc., etc.

On View from Monday, the 12th November, 1928.

Catalogues will be issued. Terma-Cash on Delivery.

LAMMERT BROS,

Auctioneers.

Hong Kong, 7th Nov., 1928.

"CHINA" LADIES' HAIR DRESSING SALOON.

Head Office:--25, Des Voeux Road, Central. Tel. C. 6234. First Branch--

No. 5. D'Aguilar Street, (For Ladies only) (Telephone No. C, 6294) Second Branch:-

No. 22, Queen's Road Central. For Ladica & Gents.) (Rear Ground floor of Kayamally Building). Your Visit in cordially welcomed when you will see that our Trained Female Hair Dressers give you

every satisfaction, Business Hour:

8 .m. to 7 pm. on weeks days. 12 noon to 6 p.m. on Sundaya.

NOTICE

TO SHIPOWNERS, MASTERS & AGENTS.

ICH

The Yuen Wo Seamen's Institute always has available to ship as watch- men, seamen, &c.

Our

met are employed by the leading passenger lines. We guarantee · satis- faction.

Please phone or call: K.661-No. 2, Saigon Street, Yaumati or

C.2560-No. 36, Tung Man Street.

PHOTO-SUPPLIES

Kodoks and Cameras. Films, Plates and Papers, etc. Developing, Printing and Enlarging.

ZIESS and BUSCH FIELD GLASSES

Price Moderate.

A Trial Order is Solicited,

A. SEK & CO.

Tel. No. C. 3459.

261, Des Vaux Road C

Hong Kong:

HONG KONG HEIGHTS

For the information of visitors the following list of some of the highest points on the Island and Mainland is published:-

Island. -Victoria Peak

Signal Station Mt. Parker Mountain Lodge The Eyrie to. Peak Hotel...

Feet.

1823

1774

1784

1725

1725

1805

Taikoo Sanatorium Mt. Davis

1000

877

Bowen Road (filterbeds) 297-

Taimosban .............

8124

Feet.

3124

1971

Mainland.

Taimoshan Kowloon Peak

S.J.C.A. MEMBERS GIVEN FAREWELL. Two prominent members of St. Joseph's Catholic Association, Mr. N. Sweeney (sented fourth from the left) and Mr. H. J. Harrison (centre), who will soon depart for home, were entertained at a farewell dinner recently prior to their depar- tura, After many years in the East, Mr. Sweeney leaves on a well-earned vacation, while Mr. Harrison bids farewell to Shanghai, and his numerous friends and associates took this opportunity of wishing him every success in his new venture in the Homeland.-(Ah Fong),