1929-12-28 — Page 2

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorial Capital conten

******* $50,000,000

Lost and Fully Paldap umur 30,000,000

Bring me .000,000 Ele.--........... $14,000,000

Bavaria Liability of Propeisters. R$0,001,000

HEAD OFFIOR, HONG KONG.

BOARD OF DIRECTORS:.. W. X, Bell, Hej, Chairman.

3. A. Plummer, Esa. Deputy ChairaS.

B. D. J. Bath, May- 12 1. Campion, Xag:

M. T. Janom, E.

B. Lander Lawla, Esq.

AKOT

ΣΑΛΟΓΟΣ

WATAVIA

BOMBAY CALCUTTA UANTON

ESX190 BOLONGO

PADIUM

roochow

HAIHOZO

HAMBURO

RANKOW

KAREIN

искоки

ILOILO

IPE

JOHOL

KOWIDON

W. L. Pitendes, Em.

T. E. Praria, Esq.

* 15, H. Bhaw, Esq.

1. P. Warren, Ex. Chief Manager. Hon. Mr. d. 0. Ilyves

KUALA LUMPUR

BUANOHZS-

LONDON

LYONG

MALACCA

MANILA

KOUKDEN

NAGASAKE

NEW YORK

PIPING

PENANG

AXOOON

BAIGON

BAN FRANCISCO

SHANGHAI

BINGAPORE

SOURABAYA

BUNGE PATANI TIENTSIR

TORTO

TSINGTAO

YOKOHAMA

Curran Loopunta opened in Local Currency

and Fized Deposit repaired for con year or kharter periods in Local Currency and Berling au Men Whish will be quoted on applicati Dong Kong, 14th November, 1929.

HONG KONG SAVINGS BANK,

The Exalzone of the above and is conduct- by the BONG KONG AND SHANGHAI BANKING CORPORATION.

Па да be FOR THE HONG KONG & SHANGHAI BANKING CORPORATION.

obtained application.

A. U. HINES,

Rozg Kong, Ich Bepimber, 19.7.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

INSTHERLANDS TRADING HOCIETY)

HANEERS.i

Established 1824. Hong Kong Offoe z—M Queen's Road Centrs. Authotion Ospita! Quildarm 180,000,000

(212,800,000) Pald-Up Capital - Dullar 20,000,000- (£8,000,687.) Sverre Fend

Guilders 44,000,000- (28,539, 23:03

Hd Oos-{AMSTERDAM'). Kastern Hand Bos:-DATATIA, BRANCHES ¡— Bandļsemasa Dandong) Bombay,

THE CHARTERED BANK OF

· INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON. Paid-up Capital

..£3,000,000 £4,000,000

Reserva Fand

Reserve Liability of Propria-

torn

Agencies and Branchest

ALOR STAB

(Malay Bale)

ANRITHAR

BANGKOK BATAVIA BONDAY CALOUTTA

1

CANTON CAWNFORE

BOLORED DAINEN (Daing

Houl Haschuria) DELKİ

(N. Muris)

HATPHONU

HAMBURO

HANKOW

HARBIN

HỒNG TONG

ILOILO

IPOK

MARACHI

KLING

KOOK

XUALA KANGSAR

Fr (F.M.B.)

****£8,000,000

KUALA LUMPUR

KUCHING

MADRAS

MANILA

VEDAX

HEW YORK

PEKING

PENANG PESHAWAR

RANGOON HAJDON BEMABATO BEREMBAN BETANOMAL SINGAPORE BOURABAYA

AIFING

M.S.)

TAVOY

TIENTEIN

TOKYO

TONUKA [Buksi) ΤΕΙΝΟΥΛΟ

YOXQILAMA

ZAMBOANGA

and

THE

CHINA MAIL.

LOCAL SHARES

Benjamin and Potts' Weekly Report

COMMERCE

During the past week, the Settle- ment which passed off satisfactorily on the 23rd instant, and the Christmas holidays, have almost entirely mono- polised attention, consequently

And

тегу

AND

FINANCE.

NEW YORK'S LESSON Mistaken Policy Of Nationalism

Measured by previous money market) shocks in New York, this recent one will be found to have been much less serious than that of October, 1907, when American business interests of all kinda

were nothing 다 well prepared for general collapse. of

"Journal the Then,

83

а

Ulko

SATURDAY, DECEMBER 28, 1929.

HONG KONG MARKET PRODUCE.

APPROXIMATE RETAIL PRICES.

Butcher Meat.

4 ££

Dec. 18, June, June, `

1829, 1918. 1914.

Gta. Ots. Cis.

Best Sirloin

H

Prime Cut

"

Corned

Roast

*

Breast

Soop

Steak

Steak Sirion

Jananges

great Bullock's Brains

the opinion

ct Commerce." Morgans

Tongus, fresh ..

Tongue, corned

Head

Hump, Salt

"

Heart

T

Feet

51

**

Kidneys

Tall

#

"

Liver

1

Tripe

little business has resulted, but not- withstanding this there is a good en- {quiry for most stocks with few sellers in evidence, nearly all of which end

the now, (Philippine Islands)

with an outburst of and Mr. John D. Rockefeller, senior, ed the week Foreign Exchange

General strength.

played a really great role by guar Banking business transacted.

Banks.-Hong Kong and Shanghai anteeing great banking and Anancial Current Accounts opened and Fix-Banka, owing to the further drop in houses against losses which must have ed Depoalta recolved for 1 year or Exchange, have recovered to a buy. Inve

Involved in financial disaster cities,; shorter periods at rator which will ing quotation of $1,830. The London corporations and countless enterprises be quoted on application.

all over the Union. Mr. Roosevelt rate is £122.10 (Middle). A. H. FERGUSON,

was then more than half-way through Marine

Fire Insurances his second term of office as President, Manager. Unions have likewise advanced to $360. and during most of the time had been Hong Kong, 8th January, 1929." Cantons continue in request at $696. falminating against what he called the Calves' Head & Feet..

Hong Kong Fire have hardened and predatory trusts." These included Mutton Chop

"combines" in the oil, beef, steel, rail- can be placed at $815.

Shipping Hong Kong, Canton and

road, sugar and other vital industries.; Macao Steamboats have firmed op toed were Harrinian, of the Union Paci

Among the magnates whom he assail- $27, at which rate deals were made. fic, H. H. Rogers, of Standard Oil, the Shell Transports closed appreciably Armour-Swifts, af Chicago, and "most Pi's Chiting .$20,000,000 higher at 97/10. Other stocks in this every millionaire. in sight, as they

8,000,000 section are nominal, Paid-up

4,000,000

used to say. Reserve

Docks, Wharves and Godowns. Shareholders

China Providents were put through at 4,000,000 Surplas

2219,000 the improved quotation of 35%. Hong HEAD OFFICES SINGAPORE. Kong and Kowloon Wharves, after Branches, Agencies and. Correspon-changing hands at $140 are now in dents in the principal cities of the request at 141. Whampoa Docks at world.

$32 have not moved. Shanghai Every description of Banking and Docks are wanted at Tls. 101. Exchange business transacted.

Now Engineerings at Tis. 71⁄2 are unchang

THE HO HONG BANK, LTD. (Established 1917.)

CAPITAL.

Authorised Isaced

Liabilition

of

TAN ENG HOOL,

Manager. Hong Kong, 16th May, 1929.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO)

HEAD OFFICE:-Taipeh, Formosa. Incorporated by Special Imperial

Charter, 1899.

Central Dank in For

cd.

Lande, Hotels and Buildings-Hong Kong and Shanghai Hotels after hav ing receded to $11 are in strong demand and were booked up to $11.90. Humphraya Estates were dealt in to a fair extent at $14.00. Hong Kong Lands are higher with buyers at $64%. Realtys also stiffened and were nego tiated up to $8.80.

Public Utilities.-Hong Kong Elec- trics have claimed upwards steadily and closed with buyers'

at $68. Hong Kong Trams have recovered somewhat and are in demand at $18.70. China Lights have shown renewed strength and realised $18 at the close.

Star Ferries have remained Calousteadily at 360. Telephones were

bid up to $8.30. Miscellaneons.

Bank-Note tune Avarage amoval Yau. $4,000,000 BRANDS AND AGENOLER

Yokohama, Koða, Cunku. Kogi Karako, Kahong Nanto, Shinobis, Taisho, Takao. Tamaul, Tax, Halo, Ta UHINA-Bhang Hankow, Amy, Foochew,

Swalow, Canion,

So OTHER:-one, papons, Balantis, Charbon, Djamsher, Djok

Dataria, Hombay, London, New York, Dairen, Jakarta') The Horse"), Jeddah,_Kiba,

LONDON BANKERS 1 Ana-Radja, Makassar, Medan, Padang Palemban

Pekalongan, Fenang. The London County Westminster and Pair's Bask, Pan Fangoes, Rotterdam"}, Harang) Shanghai, (mates), Singapore,

Sibolga

Semarang.

The Bank has Correspondents in all the piz Borbes alpal Commercial Centres throughout the world

5. YAGURI

Bosskarta (Boto), Toril, Tilasinp and Waltevradan.)

* These offom here ata deposit basse to lei. London Bankar-sonal Froladai Bank Ltd.

Correspostasia all over, the wak

Backing business of every

description tracsacked.

P. M. ELBER

Hong Kong. With May, 1129,

Manager-

BANQUE DE L'INDO - CHINE.

HEAD OFFICE:

96, Boulevard Haussman, Paria,

Subscribed Capital Frs. 72,000,000.00 Paid-Up Capital ...Fra. 68,400,000,00 Reservs Funds ....Fra.102,000,000.00

BRANCHES: Bangkok Hong Kong Qalahon Battambang Kuo Saigon

Cantho Mengtze Shanghai

Nam Dinh Singapore

Thanhea

Canton

Djibouti

N

Neumea

Fort-Bayard Papeate Tientsin

Halphons

Feking

Tourane

Hankow Pnom Penh Vinh Hano! Fondicherry Yunnanfu

· BANKERS:

IN FRANCE: Comptoir National de Paris Credit Lyonnais; d'Escompte Banque de Paris et des Pays-Bas; Credit Industriel et Commercial;. So- clots Generale.

IN LONDON: The National Pro vincial & Union Bank of England, LAd Comptoir National d'Escompte de Paria: Credit Lyonnais

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

Interest allowed on Current Ac- counts and Fixed Deposits according to arrangementa.

Every description of Banking and Exchange Business transacted.

Safe Deposit Boxes to let

·A. 'LECOT,~

Manager.

Hong Kong, 1st May, 1829.

HONG KONG BRANCHI:

8. Voux Bood Central

Hong Kong, 19th January, 1989,

Manager.

Green Island Cements were fairly active and rese to $14. Hong Kong Ropes have ad- to $7. Lane, Crawfords

vanced

were brought at the improved price of $24. Dairy Farme were bid up to $21. Cotton Mill-Ewas were booked at Tls. 15 and continue in demand

THE BANK OF CANTON, LTD. Shanghal Cottons are enquired for at

Established 1912.

Head Office:-Hong Kong. Authorised Capa) (H.X. Currency)...$11,000,000 Paid Up Capital Hero Fund

BRANCHES~··

106,100 860,000

Conlon, Shangla Bankow. Bwalew, Bangkok, New York at Ben Fran

LONDON BAKIKES:-

The Law' Bank

GURLREFONDANT

In all pricipal clifan of the World.

Forsign exchange

nga and banking businom of

Svacy Casortyilen westencial,

Bale Deputi Box (vrions (314) at a yearly peal of trou 35 to $40.

LOOK TUONG NHAN

Chief Manager Hong Kong, 18th February, 1927.

THE BANK OF CHINA: 行銀國中

(Specially Authorised by Presidential Mandate of the Eepublic of. China on the 22nd of November, 1917.) Anthorised Capital ....$60,000,000.00 Paid-up Capital Reserve Fund

.

18,278,500,00 9,820,425.24

HEAD OFFICE; PEKING.

HONG KONG BRANCH: 4, Queen's Road Central. Dratches and Sub-branches all over China and Correspondents in Europe, America and other parts of the world

Provincial and Union Bank of Eng

London Bankers: The National

land, Ltd.

The Guaranty Trust Company of New York.

New York Bankers: The Irving National Bank,

The Equitable Trust Company of

York.

Interest allowed on Current Ac

THE YOKOHAMA SPECIE BANK, counts and Fixed Deposits. Terras on

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Beserve Fund

.Yen 108,500,000 Houd Office:—YOKOHAMA,

andria

Temporarily

and, Agencies at:

Nagora "Nowchwang New York

Cha

(Mulden)

Osakk

Peking

2 Kangoon?

Rio de Janeirė“

applleation.

Every description of Banking Bus!-

ness transacted.

Loans granted en approved secur-

itles

change

Special facilities for Hume Ex

SHOU. CHEN,

Manager.

THE MERCANTILE BANK OF INDIA LTD.

· WŁAD OFFIUMÍ

15, Ursoschurah Bietet, London, MA

Authorised Capital

Subscribed Capital Paid-up Capital ar Reserve Fund and Rest

#3,000, 1,80

Tis. 75.

Forward Settlement Days,-January 24, February 20 and March 25, 1939. BRITISH RECOVERY

Improvement Gradual But Steady

Mr. Alfred H. Swayne, one of the

Panic as a Panacea

Leg

"

Shoulder

M

Haddle

Brains

Foot *

H

Fry

Head

-

Eeart

Kidney

Liver

כן

Roosevelt was roundly accused of having with the slogan of a 'square deal all round-engineered the panic of 1907, so as to clear the way for the election in 1908 of Taft, his own Pork Chop nominee on the Republican ticket, who, in due

course, succeeded him. Naturally the blow directed at great vested interests which had hardly laid) the foundations of gigantic "com- Shoop's Head & Feat

Railway Expansion

ཟཚོ་༤.༤

Log

Loin

Fat or Lard

If

Heart Kidneys

Liver

#

粑 胄腹肉辣梆胁厦荆府如心河脚屡尼肝北脚骨解手肉势至爽什湖心要肝骨牌屬油肫心至肝謙油油肉磨 中平牛羊羊羊羊猪猪猪猪猪猪猪猪猪猪猪猪羊 羊羊牛乳蟀替牛牛 * * * 牛羊仔仔

Sucking Pigs, to order 9,

Suet, Beef

Mutton Veal

Sananges

·Barbel ... Bream

No. 1.

Fish.

Canton Fresh Water 510BLK

Cary ...

Catfisk Codfish A Crabs

Cuttle Fish

Dab

Dace

Dog Fish

Fish

Fresh Water

另肚水

24

24

Egra, Hen (cooking).

Eggs, Hon (fresh)

45

#

each $5

per don, 34

22 21

18--

38 25

lb. 68

Dec. 19, June, June,

Poultry.

· · 1929, ́ 1018. 1914.

Cta. Cla. Ota

28 24

18

20

2$ 11:

-

Uhlekan Capons, Small Capons, large

1b.

46

50

著

60

28

29 24 22

18

Duck Dore

22

#

20. 18

28

**

80 80 88

Fowls, Canton

"

32 - 26

20

Fowls, Hainan

per set 15

32

Geese

each 85

60

W

60-

# $1.20

$1.20

b. 24

14.

B4

18

N

Snipe...

esch 10

12

Pheasant

15

19

w

BE

"

24 18 · 14

ONE

Pigeons, Canton

Hofhow

Turkeys, Cock Turkeys, Hen

vul Partridges

Fruits.

8 6 7

set $1.20 $1.00 $1.00

Almands

ib.

ཅིའོ ན དནྟིཾ

15

*****&ASS |ABAA89*888*11, 19289885 1.8" Raga|||

42

42 Н

ខ ឆន ឌ ឌឌ8 | ៩ |

ន ននន៥ | ន≠ន | | |® | | | |

Beach 45 .80

地

白樺火火山幡

41

海口爐

28

28

ib. 75

00.

H

25

pair 1:80

each 20

00

ach 18 10 10

25

b.

Lemons (American) .... dili?am each: 16

****

90

25

80

ཆཕ །ལྷ་ཡཋ ཊྛཱ བྷཱུ བྷུ ཡུ ན༑་ཤྲཱ

ཝཱཧྨ་ཡབྷསྶ ཡ བ | | ཤ 2 ག ཁ བྱ } |

10

40

46 26

40

H

Apples (California)

45

金山塑熊 ·”

Bananas (brida's)

30

Per set 3

12

Carambola

舊山香蕉 機

10

Coconuta

28.15

18

Lemona, China

15

10

18

B

Lichees, Dried

50

24

Oranges (Canton)

新會理控

35

28

30

Orange

#

70

Pears (Canton)

#

Peanuts

花生

70

15 12 10

25

25 25" 29

13

Persimmons, Large Plantain

Fumelo, Siam Walunts

Grapes

*

...

28

18. 4 lb. ***

45

}

20

42

22

per not 90

each 18

བམྦཱ རྐ རྐ

ཋ

ཥ

ཛིཤྩ

ཟ

མབླ

ར

པ

ཆ ཆ ཆ

ལྤ ༔

48

80

45

30

82

28

I

99

*

18

13 10 12

12 م

*

each 16

Vegetables, &c.

Bitter Squash

Brinfals, Green

8

12. 6

Artichokes

12 o cach 10

Beans, Sprout

b.

-B

40 16

24

Long

20

16

Beet Root

10.

6

24

34

88 18 18

M

36 10 27 42.. 12

Red ... Cabbage, Chinese

B

8

0

-12

12

48 18 17

Caze Shoote, bunch

10

84 28 26

Caulfower (Large)

18

$6

1437

14

(Small)

Carrots

5

Celery, Chinese

46

28 18

2420.

34 10 8

(Shanghai)

(Mediaga)

Chillies, Dzied

#

Eels, Conger

86 16

Yellow

88 10 18

Frogs

58 20 30

Garoupa

22

86 12 25

Gudgeon

28 40 80

Herrings

M

36

92 18

Garlic

Halibut

將軍:

13 28

Labrus

Loach

General W. W. Atterbury, President Lobsters directors of General Motors Corpora; of the Pennsylvania Railroad, whose Hackerel tion, interviewed for the "Financial company has applied to the Interstate

ני

Perch Pike

Times," before sailing by the Whits Commerce Commission for permission Monk Fish Star liner "Majestie" for New York,, to purchase 20,000 shares of the capi- Mallet said that every time he had visited tal stock of the New York and Long Oysters England since the War he observed an

Branch Railroad for $2,000,000.

Parrot Fish Improvement. He felt that the coun- try was making a good recovery but that many people were rather inclined to expect this to come too quickly. binge" that were ultimately to become Plaice over-speculation in New York Would far more severely felt than could be Perafret, Black Mr. Swayns folt that the end of the rationalised mergers of to-day, was Pomfret, White release the capital which had been the case now, and wide industrial dis- Prawns flowing into New York for loan ruption followed. necesaltating almost high interest for ventures elsewhere, a new start in the welding of nation: Bay and this would result in widespread wide Industries. benefits.

He believed that, broad speaking, American administration was anxious to modernise the tariff, but not to increase it. Another excellent thing was the eagerness of various coun tries to work out commercial treaties and thoreby to permit economic forces freely to function.

The First

Itchy Spot

Don'tmetect the

first symptom of diaeuser By Help Kyone!!! this

This refland:

Passing of Individualism

Rock Flah

Roach Salmon

The late Mr. J. P. Morgan saw much Shark farther than the President. The great skate banker clearly perceived that util tarianism must be the policy of the Shrimps world for generations to come, and Snapper that industrial trustification necessari Soles ly entered into the processes which Tench were to convert the world from indi vidualism in trading and commerco Turbot

into a belief in and practice of the Turtles, small, fe. wate larger economics. The sure instinct

of the great financier had long realis ed that nationalism was gradually giving way to internationalism, and that as the day of the individual enter- prise was passing the years of self interested and self-isolating nations were also numbered. The point is im- portant to the extent that utilitarian ism, in its fall significance, is not con aned merely to the Industrial or material spect, but also Includes the ides of co-operation and fellowship world utilitarianism and world fellow ship. The erg has been scrambled," 38 Mr. Morgan put it, "and it cannot be: unscrambled

EYJA

A Suicidal Policy

So that, coming down to c say, the upsets and unsettlements that we are forced to look on at to-day in the American monetary situation-the unique cause for the past several years of the world's economie. troubles, and Admittedly po, by the soundest orthodox bankers in U.S.A, are the: Ingvitable results of refusal by large part America to recognise that the wor has become commercially siti other Internationalisedet, strongTa

and the policy of sec

膳

#EEEE

30

18 15

Red...

Green

橥臭榮 辣椒干 紅辣椒

Gurry Stuff, Englah.... 22‡

Cucumbers

Ginger, Young

Old

Horseradish, Shanghai

80

h

68 22

18

56

22 24

44

21

44 20 20

88 18 2

98 12 2

40 14

44

.9

20 16

46 16

Indian Corn

Lettuce

Water Chestnuts

#

Mandarin.

Mushrooms, Fresh Okroes

Onions, Bombay

H

Green

48

26 29

48 86 30 42 36 46 56 10 14.

26 10 14

-'84

82 18 18 22 10 36 80 30

24 8 10

28 10 10

54 82 80

44 28 28 22 28

46

20

85

1812

1.05 40.

Shanghai

Parsley Potat), Sweat

-Japanese

Pumpkla Radish

American

Rhubarb (Fresh) Shallots

Spinach Tomatoes

Taros...

Turnips, Panti. (Long)

Vegetable Marrow.

· Water: Grass.

Water Lily Book

BENN KKBEN EREKNESS

FREEHR KIRJE SHUKRI

10 .10

30 25

-16 10 16

10 8 .12

10 В

-2

10 B

14

"

10 10

90 8

8

10

BUSINESS DIRECTORY

BOOKBINDING

THE CNEWSPAPER. ENTER-

PRISE LTD.,

for Superior Binding

Mail". Oficer,

3A, Wyndham Street, Tel. C£22,

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Tél

No. 125

www.

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