1932-04-29 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Katherined 'Dapital

906,301,300 Tamond and Pully Paiding nomisterios. 10,100,00 Hamaro Fuzzdə 1-

£ 1,500LAMA $10,000.000

Sonora 'Liability of Hespeletons som 106,000,000

MEAD OFFICE: HONG KONG,

MED OF DIRECTORS |--

on, Mr. J. 3. Palazzon.

Chairman.

T. . Pearce, Esq.

Dejsky Ohairman.

# Mr. W. R. Dell, J. A. Plummer, Bog.

k. Dempion, Zeq.

M. T. Johnwun, Keq.

A. Makin, Ray.

ZAMOY

- MANGKOK

—MA PAVIA

JOMBAY

BALGUITA CANTON

QALPOG' COLOMBO DAIREN POLOHOW HAFRUNG

"HALZUNG HANZOW BARBIN

HOKOLAW

110010

ДРОГ

JORDAN

Кови

KOWLOON

T. H. H. Shar, Big,

J. Y. Warren, Kog.

V. M. Orayburn, Bay, Chiat Kasager.

BRANCHED T

KUALA LUMPUR

LONDON LIONS

MALACOA

MANILA

MUAR (Johor)

MUXDEN

NEW TOOK

PEIPING

PENANG

BANDDON

SALOON

SAN FRANGIBAJU

HHANGHAI

BINGAPORE

HOUDARYA

BUNGE PATANI

TIENTSIN

TOKYO

TAINGTAO YOKOHAMA

Dermasi Abdunia opened in Lonal Currency and Find Deposits émorised for one JOKE O shachar perioda in Local Currency and diarting o seme which will be quoted on sppilomilos.

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Baniores of the above Bank is oandukad By the KONG KONG AND SHANGHAI BANK. ING CORPORATION, Ram may be abisipad

application.

FOR THE HONGKONG AND BHANGHAI BANKING CORPORATION.

V. K. OBATBURN,

Ukial Manager.

Hong Kong, 27th: February, 1931.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorisat. Deplini (1.X. Ourrency) ........@11,009,106 P-CsCapital

Somers Trad a 1,190,000

BRANCHL28{--

Cinton, Bhanghai. Hankow, Hwslow, Bangkok, New York and San Frandeco,

LONDON BANKERS --

The Idoyd's Bank, Limited, OGSFESPONDENTS

És el principal ortion of the World, -

Yuriga Ezukanga and backing bustnám al wrary Cescription frazanotad,

Deposit Boxes (various alvoo) at « zvacly

ancial, at kryer ȘI 10 840.

LOOK POONG SHAN,

Chief Maungor.

Pald-Up Capital ...... . $24,710,200.00

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1863.

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

Reserve Liability of Pro

prietors

£3,000,000 .£3,000,000

.£3,000,000

Ageneles and Branches:

ALOB HAR ་

AMRITSAR

KUCHING

ВАНОКОЛ

MADHAS

BATAVIA

MANILA

BOMBAY

GALOUTTA DANTON DAWNPORE CEBU COLOMBO

DELAT

HAIPHONG

HAMBURG

BANKOW

FLARDIN

HONG KONG

ILOILO

ТРОН

MEDAN

NEW YORK

PEPING (Raking)

PENANG

BANGOON

BATOON

ΤΑΙΡΙΝΟ

THE HO HONG BANK, LTD.

(Established 1917.)

THE CHINA MAIL.

HEAD OFFICE-SINGAPORE “Hong Kong Branch: 13, Queen's EL C.

Authorised Capital Strafts $20,000,000 Issued Capital

Paid-up Capital

Reserve Liabilities

of Shareholders

Surplus

8,000,000

4,000,000

4,000,000

2,687,000

Brancbos, Agencies and Correspos dents in the principal cities of the world

Evary, description of Banking and Exchange business transacted.

TAN ENG BOOL,

Малата

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street,

NEW YORK.

Capital, Surplus and

Undivided Proßts U.S.$225,347,468,11

Branches in

HEMADANO

SEREMBAN

SHANGHAI

SINOPORK

SITIAWAN

SOURABAYA

TIENTHIN

KARACHI

TUNGRA (Ebgkoi)

ARGENTINE

KLAXO

TNINGTAO

BELGIUM

TOROHAMA

BRAZIL

KUALA KANGSAR

ZAMBOANGA

CHILE

EUALA LUMPUR

CHINA

CUBA DOMINICAN

KOBZ

Foreign Exchange and General COLOMBIA Banking business transacted.

Current Accounts opened and Fix-;

ed Deposits received for one year or REPUBLIC shorter periods at rates which will be | INDIA quoted on application.

J. STUART,

Manager.

Hong Kong, 11th April, 1932,

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY!

BANKERS.

Established 1824.

Hong Kone Ooo-17, Quena'e Rond Central.

Authorised Capital ....... Ovlidus 180,000,000- Pald-Up Capital

Guilders 10,300,000- Baderts Pund...................................... “Cuilders 40,020,000-

Head Office:-AMSTERDAM”.. Eastern Fload Omoa:-HATAVIA.

Brane-Bendjemain Bondowos Bombay.

Calculie Cheribon, Djember. Dick jakarta. The Hague, Jidnak, Zobe, Makassar, Medan, Palatubang, Pakni longan, Perang, Kangoon, Bollardem, Bañarang", Shanghai, Singapore, Boara- bela, Boaralaria (Balo), Tugil. Tilaljap and Weltevreden,

* Thess, aliore hava Batı Deposit Bosni in Let.

LONDON BANKERS :--

NATIONAL PROVINCIAL DANN LID.

Commepondents all over the world. Banking Busi nose of stary description transacted.

A. STOXXINK,

Hong Kong, la Doosmber, 1961.

THE

| ITALY

JAPAN

· ·

LONDON

MEXICO

PANAMA

PERU

PHILIPPINE

PORTO RICO

STRAITS

ISLANDS

Commerce

Finance

New York And London

Stocks

Firmness Among The Rail Issues

Leading Stocks Dull

NEW YORK.

New York, April 20. The market was almost an ex- Kreguer

H.K.

FRIDAY, APRIL 29, 1932

LONDON.

S.

Bank

L.C.S.N. 6%

Prof.

8214

and

Apr. 19 Chinese Govt. Bondag

5% Reorgs. 1913,

London

20

58

58.

4% 1898 English

88

86

4%% 1908

67

56

6% 1912

34

.34

·5% 1926

8214

Imperial Rly, 5%

.70

70

S.N.R. 5%

3344

334

Canton-Kowloon

5%

5-10

5-10

Tientsin 5%..... 6-12

6-12

Tientsin-Pukow 5%

2nd

6-12

-12

S'hal-H'chow-Ning-

po 8%

821

6214

Hukuang 6%

15-19*

15-10*

Honan 6%

5--10

5-10

Lunghal 5% Marconi 8% Vickers.5%

812

814

5-10

5-10

59

→ 9

102

102

Chartered Bank Marcantile Bank

11

11

184

18

eum.

34

34

1.C.S.N. def. ord.

212

2

Gula Kalumpong

6/3

8/3

Apr.

19

20

'B.A.T. Reg.

75/-

75/-

International Tel, & Tel. Johns Manvilla Kennocott

6

5%Shell T. & T. Reg.

90/8

36/3

11

11

P. & O. def.

18/6

15/-

7

74 Jap. 5% £ Loan, 1907

67./2

67

Toll

4

Jap. 6% & Loan, 1924

772

48

74 23/9

21%

22

60%... 80%

144

War Loan, 5%

103

1084

3%

Ung

Canadian Pacife

16%

1744

7 Victory Bonds, 4%

98%

98%

374 German 7% Int. Loan

.3% British

07

63

10%

20% Shanghal Elec. Con. 55/-

55/-

24%

23 I.C.L. ord.

15/3

15

26%

24

2 Dunlop, ord.

26% Courtaulds, ord,

32/0

31/10%

0/0

0/3

Cables &

Wireless

13

13%

8

-84

1X

1% Cables

& Wireless

4

44 "A"

13

13

42%

42 Cables &

Wireless

516

5

pret.

43

41

314

Ung

• Unofficial quotations.

Manager

of the leading stocks and trading Reynolds Tobacco "B" was dull, with sales for the day Sears Roebuck totalling 1,000,000 shares.

Shell Unlon

321⁄444

82

20%

201

3

24

A recovery from the low levels

Simmons Company

Unq.

5%

Southern Cal. Edison

Socony-Vacuum Corp.

8%

8%

24%2

24

18%

THE HONG KONG DOLLAR.

2212

11

17%

17

8144

84

20%

54

Drop of A Farthing Yesterday.

11--

64

6%

18%

3

30%

29%

8%

14

SETTLEMENTS act duplicate to-day of conditions Liggett & Myers "B" URUGUAY

VENEZUELA

prevailing yesterday, Bays the Loew's Iric.

daily review of the New York Lorillard P. Co. (Com.) 14 Stock Exchange for the Wall Street Ludium Steel

Montgomery Ward

23.02.

Nevada Copper

Commercial and Travellers' Letters of Credits, Travellers Cheques, Bill Journal as furnished by the Dow Nat. City Bk. (bid price) 37% of Exchange and Cable Transfers Jones Financial News Agency, bought and sold. Current accounts Firmness prevailed among the New York Central and Savings Bank accounts opened rail issues, and the Dow Jones North American Co. and Fixed Deposits in local and for-

Pacific Gas & Electric taken at rates that average for 20 rails was up 76 to Packard Motors elgn currencies may be ascertained on application to

New York Central closed Faramount Publix the Bank.

up half a point to 20%, Pennsyl- Pennsylvania Railroad We are also able to offer our Cus-vania closed up % to 13%, and Pennroad Corp. tomers the services of the Branches Canadian Pacific was up a quarter Public Service of N.J.

Phillips Petroleum of the International Banking Cor-

to 13. poration In Spain and also of The National City Bank of New York (France), S.A., in Paris and Nice. R. M. MCLAY,

Hong Kong, March 1, 1982.

HEAD OFFICE:--Taipeh, Formes

Incorporated by Special Imperial Charter, 1899.

Radio Corp. There was weakness in a group Radio Keith Orp.

market.

62

THE BANK OF TAIWAN, LTD. occurred near the close of the

Standard Gas & Electric 16% (TAIWAN GINKO.)

American Tel. & Tel. reached Standard Oil of NJ.... 28 the lowest level since 1921, closing Texas Gulf Sulphur

Texas Corporation 11 off to 98%, and the Dow Joneal Transamerica ...... average for 20 utilities was off Union Carbide & Carbon 20% |.05 to 24.40. - International Tel. & Union Pacific

Tel, was off an eighth to close at United Aircraft & Trans 10%

United Corp. Baul-Natwe incued Average amount mys, 45,000,000 5%.

United Gas Improvement 16 BRANCHES AND AGENCIES:

A late rally came despite à U.S. Rubber JAPAN 2--Toyko, Yokohama, Kobe, Osaka,

Kagi. FORMOSA is,

sharp break in wheat, following U.S. Steel Karenko, Makong Nanta, Shinchiku, Talebu, Taica, reports that there have been ex-Vanadium Takao, Tamu, Toon, Holto, Tailo CIFINA --Shanghai, Hankow, amoy, Foochow, cessive rains throughout the Warner Bros. Pictures - 1%

southwest wheat producing areas. Woolworth

Westinghouse E. & M. 21%

Central Bank in Por

Kalung

Manager.

Bwatow, Canton, OTHERS-Hong Kong. Bingapore, Bowrabaya,

ĭ

York, Dairon.

AMERICAN EXPRESS COMPANY. INC.

Amsterdam Antwerp

Uspos Glasgow

LONDON BANKERS:

Barclays Bank, Ltd., Lorde Back, Ltd., Midland Heuk, Lid, Westminster Bank, Ltd.

The Bank has Correspondeule in all the principa Commercial Cent throughout the world," .E. NAGURA,

494 Chi. Eng, & Mining 23/9

Consols..

After opening unchanged yester-

3 day, the Hong Kong Dollar dropped a farthing in the course of the fore- noon, to 18. 2.7/8d.

374

In London silver rose 8/16 on 21 Wednesday. chiefly due to China buying, and closed quite steady. New York, on the other hand, re- 80% ported

a drop of 1/8 with the

364

18

...39%

Semarang, Baturis, Bombay, London, New Montgomery Ward closed up an Air Reduction

eighth to % with Sears Roebuck Amer. Sugar Refining off an eighth to 20%, and Inter-Aubara .... national Harvester was up to Canada Dry Ginger Ale. 7%

Continental Can 19%.

Coty, Inc. "Iron Age" magazine reported Diamond Match that steel production was 22 per Elec, Power & Light cent. of cepacity, but it had Httle Fund. Trust Series "A" Fund. Trust Series "B" effect on the market. The in-

17 General Amer. Tank Car 17 crease was attributed to the sales Int. Printing Ink campaign now being put on by the Mack Trucks automobile companies.

Manager.

FOR SALE

Nat'l Biscuit

U.S. Steel closed off a half to Nat Cash Register 20% and Bethlehem closed up an Nat'l Dairy Products

Safeway Stores eighth to 13. Chrysler was up United Fruit Collections of Postage Stamps an eighth to 9%, General Motors U.S. Realty & Imp. mounted in books. Each collec-was off an eighth to 11%, Packard tion contains stamps all different, held at 2 and U.S. Rubber was without duplicate.

off an eighth to 3%. The Dow

Jones average for 80 industrials was off 129 to 59.46.

Plate release gained, as did rall output.

The Dow Jones average for 46 bonds was up .08 to 75.82.

Call money held at 21⁄2 per cent

Quotations.

The following quotations were!

London, Yesterday.

Closing silver prices in London

814

market dull.

25

2535

214

24

18

18%

London Silver Prices.

7%%%

7%

8

8

8%

824

to-day were:

44

44

13%

134

Spot

211⁄2

82%

Forward

9.

8%

23%

227

44% 44%

20% 201

64

Apr. 27. Apr. 28. 17.8/16 174

16% 17

At two o'clock this afternoon the London on New York cross rate was quoted £1-G$3.67.-Reuter.

Weekly

Manchester

Market Report

Further Fall Registered

In Cotton Prices

THE BANK OF CHINA.

行銀國中

Head Office:-85, Broadway, New York.

HONG KONG BRANCH:

8, De Vua Road Ceuiral, Hong Kong, December 24, 1981.

Boorganised October 28, 1928, under

Capital

··special charter of The National GoT-

mament an

Surplus

Reserves

..U.S.$8,000,000 U.8.51,572,454 ..U.S.$1,908,209

INTERNATIONAL EXCHANGE

BANK.

BRANCHES:—

Subscribed Capital

....$25,000,000.00

Nice Naples

Pranda

Reserve Funds

.........$ 8,820,503.82

Berlin

Biarrit

HEAD OFFICE: SHANGHAL

Bambe

Braman

Brussia

Hamberg

Interlaken Juraleza Eldo Loudon

Patis

Fuzz

Taking

Palasnu.

500 Stamps

$ 4-

Rotterda Base

1,000

19

$ 8.-

KONG KONG BRANCH:

Stamboul

1,500

10

.$ 18.----

Shanghal

2,000

*

.$ 30.--

Boullompton

Biaspor

2,500

.$ 40,-

Colombo

8. Morite

Canalentinople Moule Carlo

Justaka

3,000

17

.$ 50.-

Manila Munich Montreux

Flanne

3,500

.$ 60.-

Vecina

MIA

Yokohama Zauriah

4,000

H

*$ 75,--

5,000

.$100,-

6,000- 10,000

.$150.----

H

.$500,--

given on April 22:-

Apr. 19

20

Adams Express

8%

8%

Allied Chemical & Dye

59

584

Allis Chalmers

74

75

American Can

46%

431/4

American & For. Power 4 Amer. Foreign Power.

4

Warr

American Smelting ............

American Tel. & Tel.

2 0% 99 98%

American Tobacco-"B"

671% 66%

American Waterworks

20

19%

Anaconda Copper ....

6

6%%%

Auburn Automobiles

89%

Baltimore & Ohio

Bethlehem Steel

9%

Borden Company

18% 81%

81

Borg Warner

?

2.7

Canadian Pacific Railway

12%

18

Case,, J. L

Chase Bank

31%

change as well as to the revision of 24% prices following upon the recent

Conditions in Far East.

News from

Chesapeake Corp.

10

81% rise in Sterling. The immediate been.

Shangkat has

better but as yet there |

Chrysler

B

9 effect was naturally unsettling and has

Bataria

Cities Service Co..

44

Columbia Gas & Electric B

8

Bombay

Galoutta

Canton

Onaka

Parla

Felplag

Commonwealth & South-

214

5/16

Б

Hambury Hankow

8181

16

1

1

Review of Foreign Markets

· Manchester, March 30:

have been placed, whilst Karachi

On the reopening at Liverpool has also been interested in bleach- 89% after the holidays cotton prices felling cloths.

18% pound.

The remainder

of

% thirty points, or over a farthing a Indian enquiry covers a few dyes as This was due to a marked well as prints and fancies chiefly weakness on the New York Stock Ex-for the up-country markets.

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 ellent special facilities for domestic and foreign banking and exchanges.

We also handle the lasne of Bonds

Busson Ale

Cairo

Calinta

Опол

Соред вашена Zdinburgh Floriace Седеть

Liverpool Lauerme Lupang

Lator Marseillon

Branches of American Express Com- pany in Principal cities of United

and other Public Funds of the Chin- States of America and Canada. ⚫e Government both at home and abroad.

SHOU J, CHEN, All classes of Commercial Banking

Manager. Transactions undertaken.

Hong Kong, Sth March, 1981. ・・

THE YOKOHAMA SPECIE BANE, LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Fenazva Fund ........Yen 117,800,000

Head Office:-YOKORAMA.

Besuches and Agencies at:

Nagasaki Nagoya Newchwang

Alexandria

Berlin

New York

(Dainy) Rangoon

Fægtion (Makdan) Rio de Janeiro

Angelos

San Francisco

Personal

banded.

investment accounts

The Company offers to intending Travellers the use of its "Travellers Cheques" and Lettera of Credit and, addition, the world-wide services of its thoroughly equipped Travel Department.

E. W. DUGGAN,

Manager.

GRACA & CO., Deaters in Postage Stamps, Religious goods, Garden Seeds, Toys, etc., etc. No. 10, WYNDHAM STREET, P.O. Box No. 620.

HONG KONG

Bring Your PRINTING. Probioms to la

THE NEWSPAPER · ENTERPILION LTD." KNING BEKAL VLNG, TANDA WYKONAM, OTV

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central, TONG KONG

Capital and Surplus Total Resources

Singapore

Bydney

Boerabaya

Tentzia

Tokyo Tringtas

allowed on Current

red for fixac

be obtained on

Kong, 11th March, 1935,

over: H.3·8,000,000.00 OTOF FL$50,000,000.

Every description of Banking and Exchange business transacted.

Current, and Fixed Deposit Accounts in Iocal and for- eign currencies opened for clients.

Savings Account and Safe Deposit Boxes Branches and Agencies all over the world,

KAN TONG PO,

Chief Manager.

been no resumption of

44 at once put a check to much of the business. Hong Kong has enquired)

business pending.

The position is for whites and greys and it is now that prices are lower than they thought that business will result on 4 have been for several months, and price revisions. Demand from Consolidated Gas of N.Y. 60 801 roughly a penny a pound less than Egypt and the Near East has only Continental Of

Com&So, Wari,

Corn. Products

Curtiss, Wright Com. Drug Inc.

Du Pont de Nemours Eastman Kodak

Electric Band & Sharp Electric Power & Light

Fox FilmA

General Electele

General Food

General Motors General Rail, m

Gillette Balety

Go

Goody

Entombustion Enri

International Harvester International Niškel

at the beginning of the month. been of a trifling nature, covering With America facing political diffi-small lots of prints and whites. 8787% culties, the outlook is not altogether Fancies have received attention 80% clear, though there is the likelihood from Java and the Straits whilst 58*** 59% of a continued rise in Sterling still volles and poplins have been in some 143

14 further reducing values.

demand for South America. Busi- ness with the Continent has been practically negligible, whilst in the Home Trade section it has consisted): chiefly of sorting up lots.

ག

there

18%

18.

phers Indi

not been

and from India.

spite of the holidays

has übeen g

of enquiry abroad, althoug

ve been somerisi

oficial quotation

wa:22411642

OPEL MOTOR CARS

BULLETIN

WHERE ECONOMY IS THE MAJOR CONSIDERATION, ONLY AN OPEL MOTOR CAR CAN BE CONSIDER- ED. THE FIRST SHIP- MENT OF THESE CARS HAS JUST BEEN RECEIV- ED BY

THE DRAGON MOTOR

CAR COMPANY, LTD., 33 WONG NEI CHUNG ROAD, HAPPY VALLEY. YOU ARE CORDIALLY IN-

VITED TO TELEPHONE 30228 OR TO CALL FOR A DEMONSTRATION.

PRODUCT OF GENERAL MOTORS