1932-04-18 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION,

Autherland Capitel., §40,896,106 (mand and Pulty Tald-ups. 10,000,000 Serve Fans --

orting

***

£1.800.00 $10,000.Des

Masarts Liahliliy of Propelstore me. 500,000,000

HEAD OFFICE: HONG KONG,

* OF DIRECTORS:-

Man, Mr. 3. 4. Putsenam. Chairman.

T. & France, Er

Depsi) Ukalepian.

A. A. Plummer, Zeg.

4. M. Campion. Esq. T. 1. 2. Bhaw, Rig-

Hon. Mr. P. H. Bell,

M. T. Johnson. Reg,

0. Miakis, 103.

AMOK

BANGKOK

BATAVIA

KOMBAT

MALOUTTA

CANTON

CHEFOO

COLOMBO

1. P. Warren, Kıq.

V. M. Grayburn, Eng.

Chini Msanger.

BRANCHES —

INDON

LYONE

MATACGA

MANILA

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital

Reserve Fund

£3,000,000 .£3,000,000

Reserve Liability of Pro-

prietors

.£9,000,000

Agencies and Branches:

ALOR STAR

AMRITSAR

KUCHING

UANGXOX DATAVIA

DOMBAY

OALCUTTA DANTON CAWNPORE CEBU COLOMBO DELAI HAIPHONG HAMBURG

MADRAS MANILA

MEDAN

NEW YORK

PETING (Pakinza

PENANG

THE CHINA MAIL..

THE HO HONG BANK, LTD.

(Established 1917)

HEAD OFFICE:--BINGAPORE. Hong Kong Branch: 13, Queen's Rd. C.

Reserve Liabilities

Authorised Capital Straits $20,000,000 Isrued Capital .... Paid-up Capital ...

9,000.000

4,000,000

4,000,000

2,887,000

of Stareholders. Surplus

Branches, Agencies and Carrarpon dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOT,

Menage

THE NATIONAL CITY BANK OF NEW YORK.

HEAD, OFFICE: 55, Wall Street. NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,347,406.11|

Branches in:

NANODOK

HAJOON

HEMARANG

SERENDAN

SHAROKAI

HANKOW

NINOTHE

HARDIN

NITIAWAN

KONG KONG

SOHRABAYA

ILOILO

TAIPING

MUAR (Jokoen)

IPOR

TIENTSIN

KURDEN

RABACHT

TONGKAH Bhuka

ARGENTINE

ELANG

TSINGTAO

BELGIUM

NEW YORK

KOBE

YOKOHAMA

BRAZIL

PEIFING

KUALA KANGSAR ZAN BOASHA

KUALA LUMPUR

CHILE

CHINA

CUBA

DAIBEN

FOOоHOW

RANGOON

GAPHONO

HITMUSO

RAN FRANCJBOO

BANKOW

KARBIN

RONOLES

LLONO

[TON

JOHOR

KOWLOON

KUALA LUMPON

PENANO

BAIOON

ANANGHAI

BINDAPOBL

HOUBABTA

SUNGEI PATANY

TIENTSIN

TOKYO

TRINGTAO

YOKOHAMA

Durrani Andaala opased in Loval Outreaus and Picad Deposits received for one year or shorter periods in Local Curranny and Sterling an meme which will be quoted en appliestion

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Balmeen of the above Bank la sonduetad by HONG KONG AND BILANGHAI BANK ING CORPORATION. Bu may be obtained on application.

FOR THE HONGKONG AND SHANOMAI BANKING CORPORATION.

V. M. GRAYBORN,

Ohlet Manager.

Hong Kong, 27th February, 1932.

THE BANK OF CANTON, LTD.

Established 1912

Head Office:-Hong Kong.

Awiboriand Úspital (H.A. Currency) --(43,000,000 Eid-Up Capital ----

BRANCHES

Canton, Shaoghal,

8,865,000

Bunkow, Bwalow,

Dangkok, Saw Tork and Ban Francisco,

LONDON BANKERS:-

The Loyd's Bask, Limited,

CORRESPONDENTS

Is all principal siline of the World

Foreign Exokanga and banking busiuum cf

racy seription wasted.

Bal Depoift Box (Tariona vízsa) zi a yeaİJ

zawiad of brom, și 10 $40.

LOOK POONG BHAN,"

Foreign Exchange. and General COLOMBIA Banking business transacted..

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

ISLANDS

PORTO RICO STRAITS

Irish.

BELFAST

Commerce

Finance

MONDAY, APRIL 18, 1932.

The Soviet agents have already attempted to order another million

and bags of flour, but locally, it has not been possible to accommodate them.. Previously, large quantities of wheat have been exported from; Vladivostok, but now the position is reversed. Recent

LINEN MARKET REPORT

LINEN MARKET FOR FORTNIGHT

ENDING 9TH MARCH, 1932.

messages reveal that approximately 40,000,000 people have been affected in parts of

CHINESE COTTON BUSINESS.

Cotton Yarn Exchange

Russia, through the failure of the REMAIN CLOSED INDEFINITELY. harvest. The districts which are suffering most. are the Urais,

West Siberia, the middle and lower

Due to the Sino-Japanese crisis

Volga basins, Bashkyria, and the the Chinese Cotton business in northern parts of the Caucasus. general remained more or less in a These regions are not entirely state of paralysis until April,. FLAX.

goods emanating from the United devoid of grain supplies, but that when a revival to a certain degree The markets are still States is very disappointing, day to the peasants are suffering from became noticeable according to J. small, and some districts have nowday filling in requirements seem-a shortage, is now well known. Spunt and Co. The cotton mills in finished scutching. Demand has ng to be predominant, rather than The collapse of the harvest has general remained inactive until the improved during the past fortnight forward contracts for bulk, which evidently caused a cessation of cessation of hostilities at which are looked for at this period of the Russian dumping activities-proved time they gradually resumed work- and prices have remained firm.

Courtrai.Supplies are also small year. The cambric and sheer trade by the importing instead.

ex-ing partially and during the past in this market.

lacks support, again owing to the porting, at Vladivostok.--Shanghai week there has been a reversion to Spinners have

full capacity. shown more situation in America, and those Times. interest in the lower qualities, and, who, have not already placed their as a result, prices have advanced. seasonable requirements may find Latvian. The Government cal-it difficult to do so at prices ruling culate that the-crop will amount to recently, owing to the appreciation

Sales circa 8,000 tons.

to date in both the prices of yarns and the totul 4,000 tons, and as 1,000 tons pound sterling.

of

WEEDING OUT RUBBER,

However, their output has not met with any commensurate demand in that the general situation indicates a state of affairs far from a return us yet to normalcy and this condi- Sourabaya, March 26. tion may be ascribed to the uncer- SETTLEMENT at least are required for the Latvian|

Dress, Linens.

Seven rubber estates here are tainty as to the outcome of the URUGUAY

mills, the position seems

Orders and enquiries for dress closing down. Several others are Sino-Japanese VENEZUELA

peace conferences strong. Prices have been sharply linens are numerous, and a fairly substituting other crops for rubber. now in progress coupled with the advanced. Navigation at Riga is substantial amount of business has These steps are due to the re- abnormal functioning of the native of Credits, Travellers' Cheques, Bit being kept open with difficulty. been arranged since last report. Injection of the rubber restriction banks and the consequent stringency of Exchange and Cable Transfers Esthonian.-Demand is brisk, most cases orders are for prompt de- plain.

in the monetarial spheres. bought and sold. Current accounts and prices in all the interior livery, which is difficult to arrange: and Savings Bank accounts opened markets are decidedly higher. Many as stocks of desirable qualities of and Fixed Deposits in local and for-

Current Accounts opened and Fix-, DOMINICAN ed Deposita received for one year or. REPUBLIC shorter periods at rates which will be INDIA ITALY quoted on application.

JAPAN

Commercial and Travellers' Letters

J. STUART,

Manager.

Hong Kong, 41th April, 1932.

NEDERLANDSCHE HANDEL MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING BOCIETY BANKERS.

"Retabiland 1924.

Hong Kong Office:-11. Queen's Road Central.

Asthorised Capal ....... Guilders 180,000,000- Paid-Up Capital monman Quildera 80,000,000- Besstre Paad Quilder 10,015,000-

Hand Of AMSTERDAM”. Eastern med On :-BATAVIA.

Bandorty". Branche:-Bandjermania,

Bombay, Calouste, Cheriboa, Djember, Djak jakarta". The Hague", Jidánh, Kobe, Makassar. Kadan Palacobang. Paka jos. Pazane. Bangoun Botterdam". Semarang", Shanghal, Sinsapori, Soura bela, Boerakaria (Solo), Tegal, Tiliatiop and Weltevreden".

* Thew offers hava Bala. Daponii Bacon to Lek,

+

LONDON DANKENO !--

NATIONAL PROVINCIAL BANK LTD.

Correspondenta sil over the world. Balking Dud- masa ul ovary doerripkan iransacted.

A. STOKKINK.

Hong Kong, la Ducumber, 1901.

THE

Manager.

Chief Manager AMERICAN EXPRESS COMPANY.

the Bank.

very

eign currencies taken at rates that peasunts are still withholding sup-white and coloured dress linens are may be ascertained on application to plies.

limited. The increased demand is Lithuanian-A fair amount of encouraging, but prices and de We are also able to offer our Cus- business has taken place recently, liveries present obstacles which are tomors the services of the Branches but prices have now been pushed hard to overcome.

of the International Banking, Cor- poration in Spain and also of The beyond spinners' reach. National City Bank of New York (France), S.A., in Paris and Nice. R. M. MCLAY.

Manager.

Hong Kong, March 1, 1932.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO.)

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by' Special Imperial Charter, 1890.

Soviet.-The Russians, having sold at further sharp advances, have now withdrawn us sellers. They report that from now on quantities on offer will be smail.

Yarns,

SHANGHAI SHIPS

586,000 Bags Flour

TO VLADIVOSTOK.

demand. Yarns keep in steady Large contracts have been fixed for!

four montha delivery commencing jahead, but general volume of busi- ness arranged is on a smaller scale,

Shanghai, April 10. owing to spinners' reluctance to add A huge order, which has ap to their already heavy commitments. parently exhausted immediate sup- The chief concern of manufacturers plies of four in Shanghai, was

con-

I.I.D. CERTIFICATES,

The cotton and yarn exchange has not as yet reopened and to all ap- pearances may remain closed for an indefinite period. Nevertheless pur- chases by one of the largest milla: Messrs. A. Goeke & Co., local of about 10,000 bales comprising agents for the Societe Internation- Lingpao, Loyang, Shensi and Tung- ale de Placements, Basle, advise chow cotton may be recorded us that the latest official quotation having been made at pre-crisis in Basle is £2-12-3.

prices during the past week in that such grades of the domestic staple fare essential for mixing with their would have been done had normal supplies of the American cotton times prevailed. No sooner effectual which have since arrived in large peace is restored in the country and quantities.

comes more

as

4 Sino-Japanese reconciliation be While the arrivals of the Ameri- or less an established can fibre, contracted for during the fact a quick return to normalcy in latter part of last year are heavy, business in general and particularly the deliveries of same to the mills in the textile direction may be con- concerned continue to be very slow, fidently looked forward to.

mainly due for the time being, to Since the Sino-Japanese crisis the deficient native banking facilities

Cartest Bank in Forma Bank-Nates und Average amount Y.,000,000 BRANCHES AND AGENCIES: JAPAN:-Tayko, Yokohama, Kobu, Quaks,

is prompt delivery of yarns speci- fulfilled by local millers a week or yarn market has been very quiet to cope financially with these neces- FORMOSA:Gran Kayi, Karenko. Renefied; this applies both to conrse: 80 ago, when agents

of Soviet and prices have descended by about sary stocks of supplies which have Makong, Santo. Shinchiku, Taichu. Tai and fine ends. Taksa, Tamui, Toe, Hello, Tako.

Prices for all grades Russia, working secretary,

Tis. 10.00 per bale when compared accumlated so very largely during CHINA-baughel, Hankow, Amoy. Foodbow, firm at recent advanced limits. tracted

Swatow, Canion,

to buy $86,000 baga of with that current. Immediately be the period of time when it was im- OTHERS-Hong Kong, Singapors, Boershaye,

Weavers.

flour. The shipment is already on fore the crisis. While the stocks are possible to have been received by Semarang, Balai Bombay. London. Se York, Deuren.

There is a steady general trade its way

low the demand is small and which the mills in the same manner as it being concluded every day between that information of the deal has naturally accounts for the weakish (Continued at foot of preceding manufacturers and merchants, and leaked

trend in the yarn trade. out, speculation in some manufacturers' plants are being run quarters is rife as to the signific- The Bank bas Correspondante in all the principat considerable pressure owing to ance of the order. Commercial Contras throughout the world.

Whether this

LONDON BANKERS?

Barclays Bank, Ltd., Lords Bank, Lld,

Midland Hank. Ltd., Westminster Bank, Ltd.

UNCLAIMED TELEGRAMS.

INC.

B. NADURA.

THE BANK OF CHINA.

行銀國中

Manegar.

HONG KONG BRANCH:

Head Office: 66, Broadway, New York.

8. Don Vous Blood Central. Hung Boug. Derember, 94, 101.

Reorganised October 26, 1928, under

Capital

.U.S.$8,000,000

special charter of The National Gov-

Surplus

U.S.$1,572,454

arament as an

Reservat

'INTERNATIONAL EXCHANGE

BANK.

Subscribed Capital

$26,000,000.00

Paid-Up Capital

.$24,710,200.00

Atüylerdars Antwerp Athama

Reserve Funds

Boels .$ 3,820,503.82

HEAD OFFICE: SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central,

Owing to our numerous branches in China and large connections in the Important commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

Harlin

Rinrike

Bombay

Bremen

Brussels

Buenos A

U.S.$1,908,209

to Vladivostok and now

the demand for delivery, and the im- exceptionally large order is for use minence of the Easter holidays.) in the areas badly affected by the There, is nothing special in the failure of the Russian harvest, character of the goods ordered, busf- whether portion of it will be con- ness being spread over the cus- signed to the Kamchatka fishery tomary variety of the trade.

areas, which annually order stores Merchants,

from Shanghai, or whether the The demand for housekeeping shipment has another aspect, The following unclaimed tele

is grams are lying at the Eastern Ex-goods, particularly in the Homelnot known.. The fact that Soviet

trade, has been maintained, and troops are massing on tension Telegraph Co.'s office:-

the Man- Vladivostok Dekatangelino, passenger, Ram-some fair sized enquiries are coming churian border near pura, from Shanghai.

through from the Colonies, but the indicates that the flour W. F. Fincher, from Melbourne volume of business in this class of used as war stores.

BRANCHES:-

Nive

Naplas

Patin

ΠΑΟ

Po.

Соров Glasgow, Farsa Hamburg SAVER Inkeriakan Jerumaiatza Lido London Liverpool. Lucarne Ligano

Lexor Marseilles

Claim Calcutts UND Calembo Cantinapis Monis Carlo Oopenhngru Manila Edlaborgh Munich

Florence

Montaux

Milan

Pirate

Taking Palurtor, Hotterden Home Status Shanghai bourbampion Singapor St. Marits Tipalsta

Yleans Fable Yokohama Zuricha

Branches of American Express Com- pany in Principal cities of United States of Americs and Canada.

We also handle the issue of Bonds and other Public Funds of the Chiu me Government both at home and

SHOU J. CHEN, All classes of Commercial Banking

Manager. Transactions undertaken,

abroad.

Hong Kong, 5th March, 1981.

THE YOKOHAMA SPECIE BANK, LIMITED,

Established 1880.

Personal investment acconats handled.

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services Capital (fully paid-up) Yen 100,000,000 of its thoroughly equipped Travel

Department. Reserve Fund

Branches and Agencies at:

Nagaakki

..Yen 117,800,000

Head Office:-TOKOBĄMA.

☺

Alexandria

Batavia

Berin

Bombay

Calcutt

Canton

Changchun

Nagoya Newchwang

New York Osaka Parle

Peiping

Dairen (Dalny) Rangoon

Fenglien (Muiden) Rio de Janeiro

Eiamburg

Hankow

Harbin

Hong Kons

Honolulu

#Koba...

London

Los Angeles

Manila.

San Francisco Seattle

Semarang

Shanghai

Shimonoseld Elngapore Soerabaya Bydney Tientaln

Tokyo Tsingtau

Interest allowed on Current Deposits received for fixed parl izates to be obtained on syplienti

H. HORI

Hong Kong, 11th March, 1988.

E. W. DUGGAN,

Manager.

Mr and Mrs. W. Greenbaum,

Peninsula Hotel, from Iloilo.

Perrins, from Shanghai.

C. C. CLARKE.

Manager Hong Kong, April 14, 1992.

gram

of

The following unclaimed tele the Great Northern Telegrap

is lying at the office

Company (Limited) of Den mark:

Silverlead, from Kobe.

F. V. JENSEN,

Superintendent.

Hong Kong, April 18, 1982,

QUALITY PRINTING With Quick Service

THE NEWSPAPER ENTERPRISE LTD. CHINA MEIL BLOG. BA WYNGHAM ET

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road Central HONG KONG

Capital and Surplus Tatal Resources

svar Es: 8,008,090.00 OVE ILS30,000,000.00 Every description of Banking and Exchange business ~transacted:~

Current and Fixed Deport - Accounts in local, and for- eign currencies opened for ellazíta, dijelo

Aavings Account and Bate Deposit Boxes; f Branches and Agencias a lovai thal world.

KAN TỔNG PC

Chief Manager.

column.)

MANCHESTER WEEKLY MARKET REPORT

Manchester, March 16. one per cent., making the present Messrs James F. Hutton & Co., rate four per cent.

This news, Ltd., Manufacturers and Exporters though not entirely unexpected, was

received favourably, report as follows:-

and should prove a stimulus to business. Perhaps the chief item of interest

There have been no important may be during the week, has been a fur-price movements in cotton, either ther reduction in the bank rate, of at Liverpool or New York, the un-

A.O.FC. Average of Shanghai Stocks

un

76 14

APALITAT (Vİ STOCKS

群

£15.00

bon

easiness regarding the Swedish financial position being somewhat offset by encouraging German elec- tion figures.

The Census Bureau figures for February, show an improvement, with a consumption of 460,000 bales against 433,000 bales last year, and a total for the last seven months of 3,467,000 bales, compared with 3,283,000 for the same period a year ago.

-There is still apparently little likelihood of any violent movement in prices in the near future, and the chief factor at the moment appears to be the sterling exchange.

Although the week has been some. what quieter so far as actual busi- ness is concerned, there has been a fair amount of enquiry from most markets. While India has been rather quieter on the whole, an en- couraging feature has been the re- ceipt of a number of cables from Bombay offering for light bleaching vloths and other styles, several of which have been arranged. Calcutta has taken some lots of prints and dhooties, while the upcountry out- lete have not been altogether idle. Fancies have received attention from some of the Far Eastern out- lets, but Singapore has been

| interested principally in plain cloths. Demand from Shanghai remains, al-

The market on the Shanghal resumption of operations in the ference shares of T10 at par most negligible, but Hong Knog Stack Exchange has been in a nar-Chinese factories. A good many These preference shares will be has taken one or two lines of staples. row range since fast Wednesday. Concerns are at work again, offer- entitled to a dividend of 7 per While heavy bleaching cloths have ing an outlet for the rank of un-cent. per annum. Fifty thousand been in request for several of the The quietness that characterized employed. As an unfavourable of the cumulative redeemable Tre Near Eastern markets, Egypt has. trading throughout the week, did factor can be considered, the break- ference shares have been offered taken the lighter bleaching, styles. Hot furnish evidences for determin-down of the Shanghai Peace Con- in the first instance to holders of west Africa has been interested ing whether the market is gradual-ference which means the postpone debentures of lasue of January. chiefly in bafts, and plain finishing ly establishing a foundation. The ment of liquidation of pending | 1922. A.0.F.C. average advanced to 21.40 political issues and Introducing the

cloths, but orders have also come April 4, 1932-21.83 to hand on fancies. Trade with

on Saturday last, but receded to elements of uncertainty into the High for 1981-82 21.21. on Taenday

A favourable factor In the Im- mediate financial outlook of Shang

situation.

South America, has shown a decid- Sept. 19, 1981-28,66 ed improvement and although quantities have not been large the April 6, 19322106 outlook is regarded more hope April 12, 1982-21.21 | fully.

The Shanghai Waterworks Co., Low for 1981-82. Ltd., le floating a new issud of haf, is the movement towards the 100,000 cumulative redeemable pre-