1932-05-16 — Page 2

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kuibarland – Capital mamemwm324090022)| Usnood' and Fully Pall-gp mominenterras 18,308,000

... $10,000,000 Kavarro Ldabčišty of Pespriators 1 Fİ,000,000 TIHAD OFFICE, HONG KONG.

As of OTOME |--

Hm. 1. 271, Poterous. Ublemas.

'THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON.

J.-A. Plumma, Sag

BATAVIA DOMBAY

MEDAN

THE NO HONG BANK, LTB.

(Katablished `1973

HEAD OFFICE)—SINGAPO Hong Kong Brunok: 13, Queen's Rd. C

Authorised Canibal Btrafta! Issued Capital Pakd-up Capital Reserys Liabilities of Bhareholders

Surplus ***********

#

4,000,000

THE CHINA

Commerce and

Finance

207.000 NEW YORK STOCK QUOTATIONS

Branches," Agencies and · Cerrorpon- |denta in the principal cities of” she

Evwy description of Banking and Etchings buriiess transacted.

TAN ENG HOOL

Manager.

THE NATIONAL CITY BANK :|

OF NEW YORK.

Faid-up Capital Reserve Fund Reserve Liability of Pro-

prietors

.£3,000,000 † world, .$3,000,000

.£3,000,000

Agencies and Branches:

1. B. Pouros, B. Doyals Chairman.

ALOR STAN

AMRITSAR

KUORINES

BANGKOK

Man Hai W. II. Ball,

MADRAS

MANILA

A. X. Compton, Bag. 2.T:Johanom, Xaq.

T. E. faew, Meg,

CALOUTTA

NEW YORK

4. Klotis, E.

CANTON

GAWAPORE GRĀBU

COLOMBO

RAIGON

DELE

BEKARANG

SEREMBAN

HAYBUNG

HANKOW

SINGPORE

HARBIN

SIZLAWAN

SOUBABAYA

1

подо

TAIPING

TONGTAH (Bhuket)

TRINGTAO

YOKOHAMA

ZAMBOANGA

ΜΟΥ

BANGKOK

BATAVIA

BOMBAY

JALOUTTA

CAFTON

THEPOO

COLOMBO

OAFER

POOCHOW HAIPHONG

HAMBURG

MANKOW

KÄRMEN WONOKEW ILOILO

ZPON

JONGRE

CORE

KOWLOON

J. F. Wares, Ing.

V. M. Grayhero, Mag.

KUALA LUMPUR

LONDON LIONG

MALAGOA

MANILA

MAM (Takra

MUKDEN

NEW TORK

PEITING

PENANG

BANGHOOM

BALGON

BAN - FRANGIL00

BHANGHAI

GINGAPORE.

HOURABYA

BUNDZI PATANI

TIENTHIN

TOKTO

TSINGTAO TOKOHAMA

Cerai Acousta opened in Exoral Outreang- and Fixed Deposite resired for cas guar or sharing perioda la Lonal Carreony and "serting un terma which will be quoted as applicatio

Hong Kong, 5th April, 1932.

HONG KONG SAVINGS BANK.

The Busts of the shara Bank is conducted by HONG KONG AND RUANGHAI BANK

TO CORPORATION. Re'se may be obtained

FOR THE FOKOZONG AND SBINDRAL MARKING OORPORATION,

V. M. GRAYBURN,

Oriol Manage. Hong Kong, 27th February, 1931.

THE BANK OF CANTON. LTD.

Established 1912.

Hod Ofer: Hong Kong.

Auskarioed Capital (IL.E. Ouragay} ==-811,008.000 1944-Up Capital anatommer

BRAMOFER:-

Canton, Bhổnghal, Basket,_kwalow. Bangkok, New York and Ben Fyusado pack.

LONDON BANKKEI :--- The Lieri's Basic, Simlásd. DORRESPONDENTS

En al gelosiaal sing of the Wait.

Beck (Parious slowe) në 'a poorly

LODE POONG SHAN,

Chief 'Manager.

THE BANK OF CHINA.

行 銀 國中

Reorganised October 28, 1928, under

special charter of The Nations Gov- erament sa AD

INTERNATIONAL EXCHANGE

BANK.

Babsorbed Capital -$25,000,000.00

Pald-Up Capital

Reserve Funds

......$24,719,200.00

$ 3,820,508.82

HEAD OFFICE; SHANGHAL

HONG KONG BRANCH:

4, Queen's Road Central

Qying to enz numerong branches in China and large connections in the Important commercial centres of the world, we are able to extend to our

-elfants, spacial facilities for domestic

and foreign banking and exchang

HAIPHONG

TONG TONG

ТРОК

KARACHI

KLANG

KOBE

KUALA KANGĦAM

KUALA LUMPUR

PEPINO (Peking! PXXANG

BANDOOR

BHANGHAI

TIKATSIN

Foreign Exchange

HEAD OFFICE: 55, Wall Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,503,775; Branches in >-- {ARGENTINE LONDON

BELGIUM

BRAZIL

CHILE

CHINA

COLOMBIA

MEXICO PANAMA PERU

PHILIPPINE ISLANDS PORTO RICO

RTRAITS

URUGUAY

VENEZUELA

MARKET SHOWS BEST ADVANCE FOR THREE MONTHS.

U.S. Steel Wages Cuts.

New York, May 6. The market showed the best per formance for nearly three months, on the New York Stock Exchange to-day, and prices advanced from one to five points, says the daily review of the Dow Jones Finan-

Canth

MONDAY, MAY 16,

JAPAN'S LOANS

ABROAD.

What She Has to Meet in Present Year.

FEARS OF FRUIT TRADERS

Tariff May Mean Lost Customers,

DOMESTIC LOAN PLAN. Criticism of the imposition of Import duties on foreign fruit/as Tokyo, April 25.

likely to destroy the fruit-eating. From now until the end of habit in Britain was made by Mr February, 1933, the Japanese Gov-G. S. Lancashire, retiring president erament must disburse $12,197,000, of the National Federation of Fruit $42,977,000, and Fra. 17,400,000 and Poisto Trades Associations at (the francs being calculated at the annual meeting in London re- rate of Fre. 2.58 for one yen), in amortization of foreign loans and

During the past decade, he said. payment of interest. These pay there has been an enormous exten... 45% ments, at the present exchange aion in the consumption of fruit ip rates, correspond to approximately Britain." What 20 years ago was o 32% 270 million yen.

3

11

1% 4

1

.44

3

8

to

cently.

luxury is now a necessity. The

3% The payments in france are

result of the duties imposed in be made, by halves, in May, and January will be restricted supplies.

18

4%

Ung

Paramount Publix Pennsylvania Railroad.. 10% Pennroad Corp. Phillips Petroleum Public Service of NJ.. 42% Radio Corporation Radio Keith Orp Reynolds Tobacco "H" 31% cial News Agency for the Wall Sears Roebuck......... 16%

Shell

Union Simmons Company** [Street Jourdal.

Tickers were behind the market. Socony-Vacuum Corp. The list was firm throughout be- Standard Gas & Electric 15%

Cal. Edison cause of the result of President

Standard..On

of N..... 28% Hoovers' special masage to Con-

Corporation Texas

... 10. SETTLEMENTS Sress, demanding action toward Texas Gulf

Transamerica balancing the budget.

Late in the day, United States Union

Union Carbide & Carbon 17%

Pacific steel. announced a second wage United Aircraft & Trans. 10% Commercial and Travellers' Letters and salary reduction of 15 par United Corp. of Credits, Travellers' Cheques, Bills of Exchange and Cable Transfersen, to become effective on May United Gas Improvement 161⁄2 bought and sold. Current accounts 16, whereupon shorts covered and U.S. Rubber and Savings Bank accounts opened U.S. Steel advanced. It had open- Vanadium and Fixed Deposits in local and for-ed up to 28, moving back and Warner Bros. Pictures eign currencies taken at rates that forth as much as % up but stand-Westinghouse E. & M. may be ascertained on application to ing at 28 again at noon, but it Woolworth & the Bank.

and General CUPINICAN

Banking business transacted.

Current Accounts opened and Fix-

REPUBLIC

ed Deposits received for one year or INDIA ahorter periods at rates which will be ITALY quoted on application.

J. STUART,

Manager. "Hong Kong, 11th April, 1932.

THE NATIONAL COMMERCIAL

SAVINGS BANK, LTD.

CURRENT ACCOUNTS. Cheques Cashed in 15 minutes while you wait.

SAVINGS ACCOUNTS' We offer good rates of interest.

TOTAL RESOURCES $19,000,000

EFFICIENT-TRUSTWORTHY—

RELIABLE COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE “HANDEL. - MAATSCHAPPÉ), KW

(NETHERLANDS TRADING, SOCIETY)

BANKZING

Bong Kane Odon:---]), Queen's Road Cenimi,

Authorised Capital usmenn Galiders 130,008,008.

· Paid-Ựp Capital sompanan, Guilders - 18,080,808. Basers Fund ammonotonin Guilders 80,016,000-

* Head Ofis S--AMSTERDAM", Eastern Head 0800 ±~BATAVIA. - 1–Banjarmasin, Beadeang",

Choco Calcutta,

Diber JAM, The Hague, Th, Makassar, Malang Pilambang) longan, Punang. Banguom, Retterdam”, Beckaming", Shanghai, Söznapura, Boere

*

Branches

Diek

bala, Boerskarte (Solo), Taply Tillatjap - and Walletreden”)

• Then offom have Sale Deposit Boxes to Lak

LONDON BANKERS ---

NATIONAL PROVINCIAL BANK LTD.

Correspondents all win the world. Barking Bual- moon of vrace descripsion transscieć.

A. STOKKING,

Hong Kong, ist December, 1881.

THE

We also handle the issue of Bonds AMERICAN EXPRESS COMPANY.

and other Publie Funds of the Chin

• Gorernment both at home and abroad.

SHOU J. CHEN,

Hong Kong, 8th March, 1981.

INC.

Head Office: $1, - Brandway,

New York.

1.8.85,000,000 JU.8.$1,572,45€

·U.B.$1,208,309

Manager.

Capital

Surplus

THE YOKOHAMA, SPECIE BANK, LIMITED.

Reserven

BRANCHES

· Established '1659.

Blangow

Havin

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

airbury

Yen 117,300,000

Hoad Olles-YOKOHAMA,

Alex

Bombay

Branches and Agencias"at:"

(Dalay)

(Mukden)

Nagusal

NAZOFS

Newchwang

New York

Osaka

Bran

pany f

JAFAN

We are also able to offer our Cus closed up B to 30%. Bethelchem tomers the services of the Branches closed up 1.7/9 to 14%.

R. M. MCLAY,

Hanager. Hong Kong, May 13, 1932.

THE BANK OF TAIWAN, LTD.

Air Red

*** not reed.

Reduction

Amer. Sugar Refining

............:』、་

11. Chrysler up % to 8%, West-Cowond Match

191

2514

higher prices, and reduced demand.

24% November. The principal payment, 16% falling due in July, requires a "dis- The success of our business de 11% bursement of $7,570,000 (of which pends on regular supplies of cheap fruit and vegetables. It is obvious 18 £6,000,000 is in reimbursement of a that the purchasing power of the 19% 19% South Manchuria Railway loan), wage-earning classes cannot be

and $18,822,000,

Probable Domestic Loan. For the payment of these foreign 30% debts the Ministry of Finance is contemplating the emission of a

11

17%

Ung.

27%

7

114

2234

8%

15

maintained, and a diet of fruit, if

it became comparatively expensive, would be prohibitive to them. We are in danger of losing this great consuming public.

Not Seasonal Luxury.

24 docestic loan the proceeds of which Mr. Lancashire said the public. 34% would be used for the purchase of were accustomed to buying fruit currency either directly on the ex- all the year round and had - ceased 86% 40% change markets, or through the to regard it as a seasonal luxury. 1634 17

sale of foreign bills redeemed from It is because I feel, he said, that 37% $24

7% Japanese holders.

the British grower cannot satisfy

Taking into consideration that the market in quantity, quality, 6% the emission of such a loan now, and, regularity that I fear the new 26% in addition to 600 million yen that duties will break the fruit habit of are already recognized as unavoid- our people. A habit once last is 13% able for budgetary needs, will be difficult to regain.

12%

6

24/

11%

12%

6%

23%

17

of the International ́Banking Cor- The Dow Jones average for 80 Auburn poration in Spain and also of The Industrials was up 4.91 to 59.01, Bendix Aviation National City Bank of New York with General Electric up 1% to Canada Dry Ginger Ale 7% (France), 8.A., in Paris and Nios..

Tractor 14%, General Motors "up 1% to Caterpillar

Continental Can

lac...... Inc. inghouse up 23⁄41⁄2 to 24% and Allied Chemical up four points to 58%. Electric Auto Lite Co. American Tel. & Tel, and Union Elec. Power & Light Pacific advanced four points, with

Fund. Trust Series "A" Fund. the former closing up 44 to 1014 General Amer. Tank Cer 151

Trust Series "B and the latter closing up four potats to 38%.

Int Printing Ink Mack Trucks The Dow Jones average for 20 Nat Biscuit rails was up 1.37 to 21.39, that Nat'l Dairy Products

Nat'l Cash

Register for 20 utilities was up 1.42 to Otis Elevator 25.10 and that for 40 bonds was Safeway Stores up .06 to 78.65. Call money jump United Fruit

U.S. Realty & Imp. ed half a point of 8 per cent.

(TAIWAN GINKO.)

HEAD OFFICE: Taipeh, Formosa Incorporated by Special Imperial

Charter, 1899.,

Central Bank in Formbows.

Bank-Noise insted Avaraga Y, 65,300,000

DHANURES AND AGENCIES! |JAPANI-Tryka, Tokohamaa, Koda, Doaka

FORMOSA Gia, garak, Emico

Making Ratio, - Silaokiles, Tuleku, Talana, Takso, Tammi, Toan, Heita, Falta,

-Swadow, CustOR. OTHERS-Hong

The best rally the stock market. DELA (obhanghai, Hankow, Amy Finchow, has experienced for weeks greet- ed the nas from Washington that Blogspars, Bowebaya, Balavia, Boy, London, the Sendle inace Committee, had agreed to a tax bill that was ac ceptable to the White House and which provides for over a tiểu-

and raillion dollars of revenue.

'LONDON BANKERS:

Barclays Beds, Lid, Lizyds Bank Lidy Midaed Bank, Lid., Warimizning Bisk; Lid, The Bank he Corrsepondents in all the principal

|Commercial Causens tänughout ⋅ the world. E. MAGURA,

.

HONG KONG BRANCH:

1. Dos Vass Boad Contra). Hong Kong. Detetuber 31, 1972,

Manag

PIANOS,

MUSIC,

GRAMOPHONES, RECORDS

and all kinds

MUSICAL

INSTRUMENTS.

Make your

Rection

TSANG FOOK PIANO

COMPANY.

8, Des Voeux Road, Central.

(Entrance Ice House Street)

Telaphone 24648.

Gains of from three to fiva

points. were recorded among numerous leading issues.

14

$814

84%

9

22

2814

74 extremely difficalt, efforts are be- Only in a period glut can a 3ing made towards the conversion heavy duty be justified. 34 abroad, at least, of the £8,000,000. In view of the expansion of the 1% loan of the South Manchuria Rall-canning industry here and the con

way. N

sequent greater demand, it was Negotiations In London. obvious, he said, that the larger According to the "Japan Adver- part of the ordinary requirements tiser" of the 6th inst., negotiations of the people must be met from 18% 1814 45% 47% have taken place on this subject in outside the country. 16% 17. London. The financial situation of ngali Adequate Reward.

1% Britain having markedly improved, Mr. J. T. Fitzpatrick of Liver- there is a hope of success, but, pool, the new president, said :-We nevertheless, without a great egr-are anxious that the home producer tainty.

should receive an adequate and Under these conditions it is certain reward for his labour, and probable that attempts in this con- that our Empire producers should nection will be made also in other receive an honest preferencën e places....

THE DOLLAR UP.

Lower Premium at the Chinese Exchange.

At the local Chinese Exchange last evening, Canton Central, Bank notes were quoted at 52.6 per cent. The market recovery was assist while Hong Kong dollar notes, in ed by the news that United States exchange for Kwangtung silver, steel had announced à fifteen per were at a premium of $418 per cent. wage cut and also the news $1,000. that the House of Representatives Ways and Means committee had rejected the scheme for cashing │soldiers bonus certificates—a form

of inflation.

Quotationa

Adams Express

May $

234

Allied Chemical & Dye. 5256

Allis Chalmers ...

American Can

Amer. & For Power

American & For. Power

LONDON SILVER PRICES.

London, Yesterday, Closing silver prices in London -to-day were:"

*-*-*-

WORLD TRADE IN

1931.

Comparison of Chief

Countries.

It is not easy to see how this can be achieved without increasing the cost of fruit-to the consumer, 7: }: 'If we receive reciprocal treat- mant from the Dominions and colonies enabling us to increase the | level of wages and to absorb more.

labour this increased cost should

not prove a serious burden, but if these promised advantages of a preferential tariff fail to mature, I

The Board of Trade Journal pub- view with much anxiety a reduction lished on March 3 gives particulars in the consumption of fruit and of last year's trade of countries vegetables. which in 1929 represented about 80

IN 1913

Results of World

Survey

per cent, of the world total. The BETTER TRADE THAN May 13 May 14

17.8/18 Information relates to the aggre 17% Forward 17 17.5/16

gate value of the trade, and not to At two o'clock this afternoon the the physical volume; It Is, there London on New York cross rate fore, necessary in making a com« parison of the percentage changes was quoted £138,65-Reuter.

some allowance must be made for price alterations, which will not have affected equally the trade of each of the countries, either as re- gards imports or as regards: exworld last year exceeded in vaine ports,

that done in 1918, the last full year The figures for the trade of the of pre-War prosperity, world, so far as available, show This in revealed by figures pre-

2%

Spot

6%

41

8%

Warr.

American Smelting

8%

American Tel. & Tel

961

American Tobacco "B"

85%

American

Anaconda Copper

Waterworks

-21%

4%

32%

74

Mr. J. J. Hurbes and Nationalisation.

12 *14%

28%... 2933

Auburn

Automobiles Baltimore &

Oblo. Bethlehem Steel Borden Company

Borg

Wamer FUFY

Case, J. I.

Chane Bank

*29

RADIO-RAIL, TRANSPORT,

Berlin, April 16 The foreign trade done by the

Mr. J. J. Hughes, vice-president decline in 1931, as comparad with pared by "Wirtschaft and Statis

Canadian Pacific Ballway 10% 11% of the Industrial Transport Asso- 1980, of 26.8 per cent., in the value " the Germen “Economist, and 2013 clation, at meeting of the asso- of imports for home consumption covering the trade of ninety-one of

30% clation in London on April 6 said and of 27.8 per cent domestic the chief countries of the world.

9% that it looked as if we were being exports, the correspondi Agures 88 forced into nationalisation of both comparing 1991 with 1929, beins 858 road and rail transport 40.1 per cent, and 42.1 per cent. Byways hust be an essen- These differences are doubtless das 25

Corp

Cities Bervice Col

Chrysler Columbia Gas & Electric Commonwealth & So. Com.

| 8%

& So. Wart. 6/16

Continental Corn Products

Consolidated Gas of N.Y. 6%

Dr Pont de Net

Gord

Du Kodak Eastman

de Nemours

8%

The 1981, total as 48,230,000,000. Coal production Agurai, takon as: an indic of the general indas..

various countries,

other gre

5/10 tial factor in the transport of mainly to the different make-up of "show" that, 51% Britain, Boad haullers ought to the totals, but it may be noted that

* be licensed and they ought to have the addition of a charge in respect

sound vehicles run -- 88

треп

02 work under good condition 284 80% like the railways the

403 compelled to take gooda. 18% them Electric Power & Light: DIRETY Fox FilmAM Genera

Electric Bond & Share?

who of insurance and freight

| cost of the goods"when?

Imports would have the offset=” lowering the portion

parad

for imp

1981

Bläten of

All classes