1932-05-19 — Page 2

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BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Anthocloud Capital

Loomed and Pulty Paldray iomenvriende. 10.000.000 - Marra Funda |--

Somvu Lishělity of Proprietors *** [26,500,000 KRAD OFFIUR: HONG KONG,

RD OP DIE ROTORS :-

Hon. Mr. J. J. Puttenen.

*Obairtuais.

'T. 3. zurus, Ray,

Depay Chairman. ·

H. XX. W. E. Bell, X. A. Pammar, Dog

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1863.

HEAD OFFICE: LONDON,

Paid-up Capital

Reserve Fund

Eeserve Liability of Pro-

prietors

ALOR STAR

THE CHINA

MAIL.

THE HO HOND BANK, LTD.

Cetablished – 1017.)-

HEAD OFFICE:—SINGAPORE. Hong Kong Branch: 18; Qubon's M2. C. Anthosiand Capital Straits 230,000,000

Lasued Capital Paid-up Capital Reserve

п

|

Liabilities

of Shareholders. Surplum ....

8,000,000 4,000,000

4,000,000 1,687,000

Branches, Agencies and Correspon- £3,000,000 dents in the principal cities of the 88,000,000 world.

Every description of Banking and #3,000,000 | Exchange business transacted.

TAN ENG HOOL

Agencies and Branchor:

KUCHING

MADRAS

MANILA

AMRITHAR

BANGKOK

BATAVIA ВОМБА!

Chepton, Zag M.T.Jebavom, Kıq.

T. H. Shaw, Eng.

3. V. Warvis. Big-

CALCUTTA

CANTON

4. Kinkla, Beq.

ДИКРОВИ

V. K. Grayburn, Bog.

CEBU

COLOMBO

BAIGON

DELHI

AUT

ANGKOR

FBATAVIA

ROKBAY

PALOUTTA

GANZON

DOLOMBO

Chial Manager,

ARANGLERS -

LONDON

LIONE

MALACCA

MANILA

MUAR (Johort)

MUKDEN

NEW YORK

PEIPINO

PENANG

BANGDON

DAN

годском HAIPHONG

BALDON

SAN FRANCOO

KATKON

RELAXOHAI

BINGAPORE

KONKEW

BJURABYA

HOTLO

BUNGE PATANI

TIENTUIN

JOHOR

TOKYO

COM

THINGTAO YOKOHAMA

KOWLOOK

CUALA LUMPUR

Crete opened in Love: Barrosas and Flood Deposit reosial for Dog' your abru perioda is Local Currency and erine * forms which will be quoted on application.

Hong Kong, 6th April. 1982.

HONG KONG SAVINGS "BANK.

· The Bachures of the store Back is condurend by the HONG KONG AND BHANGHAT BANK- TNG CORPORATION. Bu'es may be obusland ww.gylication.

FOR THE HONGKONG AND SHANGHAI MANKING CORPORATION,

: V. M. GRAYBURN,

Ohist Manager.

Hong Kong, 7th February, 1933.

THE BANK OF CANTON, LTD.

Established 1915.

Band Ollos-Hong Kong.. Kashmired Capital (IL.B. Outroney) ...811 Jul, 008

·BSANCHES :-

Canton Shanghai, Haskow, Hundew, hongkak, New York and Ben Fresco.

LONDON BANKERS.

The Zayn's Jank Elated. CORRESPONDENTS

In all quincipii sítion of the World.

Forsigs Roshanga and basking inomast t

Bila Daphne Bonus (varlono sluos) at a zaszły

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行・銀國中

Reorganised October 26, 1928, under

special charter of The National Gov-

Kenmost ki an

INTERNATIONAL EXCHANGE

Bahserbad Capital....$15,000,000.00

BANK.

Paid-Up Capital

$24,710,200.00

.8 3,820,503.82

Reserve Funda

HEAD OFFICE: SHANGHAI,

HONG KONG BRANCH:

« Queen's Road Central:

Owing to our numerous branches in China'dad largé connections in the ámportant commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and archangu.

Wa also, handle the issue of Bonda and other Public Funds of the Chin- ase Government both at home. “And abreiz

SHOU J. CHEN,

Manager.

Hong Kong, 6th March, 1981.

THE TOKOHAMA SPECIE BANE,

LIMITED

HAIPHONG

Tros

KARACHI

Manager.

Commerce and Finance

NEW YORK STOCK QUOTATIONS

OMISSION OF DIVIDEND CAUSES STOCK DEPRESSION.

Dull Movements in Steel.

MEDAN

NEW YORK

PEPING (Poking) PENANO

RANGOON

BEKARANG

BEREKBAN

BHANGHAI

SINOPORE

THE NATIONAL CITY BANK OF NEW YORK.

HEAD OFFICE: 55, Wall Street, NEW YORK,

Capital, Surplus and

Undivided Profits U.S.$225,603,775. Branches içme

Texas Corporation... Texas Gulf Sulphur

little change in either direction, Transamerica ... says the daily review of the Dow Union Carbide & Carbon 19 Jones Financial News Agency for the Wall Street Journal.

Grains rallied and bolstered sen- timent.

Trading was quiet. Sales for the day totalled 700,000 shares.

Omission of dividend on the par

Vanadium

Westinghouse E. & M. Woolworth

HAMBURG

HAXZOW

HABBIR

BITIAWAN

BÓNG XUNG

SOURABAYA

ILOILO

TAIPING

TIENTSIN

TONGKAH (Dhalet)

ARGENTINE

KLANG

TRINITAO

YOKOHAMA

BELGIUM

KUALA KANGSAR

ZAMBOANGA

BRAZIL

KUALA LUMPUR

CHILE

Foreign Exchange and

General

CHINA

Banking business transacted.

KOCK

COLOMBIA Current Accounts opened and Fix-CURA

ed Deposits received for one year or DOMINICAN shorter periods at rates which will be 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.

TÓTAL RESOURCES $19,000,000

EFFICIENT TRUSTWORTHY- RELIABLE COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOUTETEĮ

BANKERA,

,

Salabilaked 1834.

Song Ease Gloe:-11, Qoman's Bond Coolest.

Authored Capital ... Oullides 189,000,000- Pald-Up Capita?......... Gallders 10,000,000. A Fund Gulders 10,021,000.

Head Office-AMSTERDAM“.

Extern Hd Doɛ:—BATAVIA,

PERU

THURSDAY, MAY 19, 1932.

CENTRAL BANK OF BUSINESS DIRECTORY

CHINA.

Examination of Reserves Held Against Note Issue

In accordance with Article 15 of the Charter of the Central Bank of! China, the Supervisory Committee is vested with the duty to examine the reserves held against note Issue. The Committee has on May 10, 1932, held. Its hundred and twenty-four examination at the Issue Department of the Bank; the result is as follows:

Total Amount of Dollar Notes and Subsidiary Coln Notes in Circulation.

$24,766,302 2,693,710

$27,480,012 Reserves Against Dollar Notes and Subsidiary Cofn Notes In Circulation.

New York, May 14. The market opened higher on the New York Stock Exchange to-day, passing an uneventful session with

Santhern Cal Edison Standard Gas & Electric 16% Standard Oll of NJ. ..... 25M

24%

11% 18. 18 18%

24 18 20 114

Dollar Notes...

Subsidiary Coln Notes

3/4

334

19

Union

United

Pacific Aircraft & Trans. 10%

62%

02

82

8%

United Corn.

624

United Corp.

0%

6

Cash Reserve

$21,920.780

LONDON

United Gas Improvement 17

17

MEXICO

U.S. Rubber

214

34

3%

(of the above sum $18,880,- 128.45 is kept in Shang-

PANAMA

U.S. Steel

20%

29

9%

74

hai Office, the balance $1,384,865

Is

kept

In

PHILIPPINE

Warner Bros. Pictures..

14

11/4

Branches and Sub-

ISLANDS

PORTO RICO

STRAITS

INDIA ITALY

REPUBLIC

of New York Central caused a de- pression in its stock. Moving up

243%

2514

branches, 31,649,747,55 is

32

32%

kept in Local Banks).

*** not recd.

Securities Reserve

.$ 5,589,278

SETTLEMENTS

URUGUAY

VENEZUELA

JAPAN

The-Dow Jones-average Can Current accounts for 20 rails was off .12 to 24.50. Coty.

Inc. Savings Bank accounts opened

Match Diamond jund

was weak on the Elec. Auto Lite Co. and Fixed Deposits in local and for- Union, Pacific

taken at rates that eve of its dividend meeting and Elec. Power & Light &ign currencies

may be ascertained on application to closed off to 52.

Fund. Trust Series "A" the Bank

Fund. Trust Series "B"

Int. Printing Ink Nati

the opening, New York Central Amer. Sugar Refining gained inother quarter but by 11.30 Bendly Aviation ........ Commercial and Travellers' Letters was down to 14, reached 18% be- Canada Dry Ginger Ale

Tractor of Credits, Travellers' Cheques, Billa fore noon, and closed at the lattar of Exchange and Cable Transfers | Agure. bought and sold.

a quarter-point to 14% soon after Air Reduction

4012

4114

Auburn

174 88%

18

$27,400,012

6%

อม

7

25

2%

18

18%

12

12

7

7

ó

z

34

Grain Increases.

14

4%

13%

13

13

4

36/4

35

of the total issue.

91%

22

14%

47

17%

Branches :---Bandjoernaaln, Bandang Bombay Cheriton, Ther. Djok

Joogan, Penang, Rangoon, Botterdam”, Semarang, Shanghel Blupazors, Bours bad, Bovenkoucla (Solo), Tegal, Tillating! ant Watenden®,

* Then close kare Béla Deposit Boom to Let

LONDON BANKERS ----- NATIONAL PROVINCIAL BANK LTD.

Correspondents all over the world. Banking Bual- mide bỉ vvity description transacted.

A. STOEKINK,

Bon Ton la December, 1981,

--

THE

Manage.

AMERICAN EXPRESS COMPANY. INC.

Hand Offen:-65, Broadway, New York.

...1.8.88,000,000- .......U‚5.31,572,454

.U.8.$1,908,209.

Gapital

Burplus

EGOLIYO

BRANCHES

*Amatørdam G100%

Yen 117,800,000

Besis *Biella

GLBOW

Hamborg

Established 1880.

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

- Mood Oficer-YOKOHAMA,

Branchen und Agencias st:

Nagasaki

Naroys Newcawang

York Osaka

Changchun

Paiping Defrem (Dalny) Rangoon

Poongtiam: (Mukden) Rio de Janeiro:

San Francison Beattie

Golomb

Branches of American' Express Com- pany in Principal elties of United States of America and Canada.

All classes of Commercial Banking. Transactions andgefäken.

We are also able to offer our Cus-

tomers the services of the Branches Grains predominated, however, General Amer. Tank Car 15 of the International Banking Cor-especially on the mail order issues,, Mack Trucks poration in Spain and also of The implements and others associated Biscuit National City Bank of New York with the grain business. Montgo Na Dairy Products

Nat'l Cash Register (France), S.A., in Paris and Nics,

mery Ward closed up an eighth to Otis Elevator 7%, International Harvester was Safeway Stores up a quarter to 18, Sears Rosbuck United Fruit was up a half to 18, and J. I. Cass U.S. Realty & Imp. was up a half to 281⁄2.

B. M. MCLAY,

Manager. Hong Kong, May 13, 1932.

"Iron Age" estimated that steel

THE BANK OF TAIWAN, LTD. ingot production for the week was:

(TAIWAN GINKO.)

The 124 per cent. of capacity.

Industry continued extremely dull

HEAD OFFICE--Taipeh, Forman.with no improvement in sight.

Incorporated by Special Imperial

Charter, 1899.

Scrap prices declined to a dollar a ton. U.S. Steel opened up A quarter to 30, gained another half by 11 o'clock but promptly lost it Bank-Moxes lened Average smome...Yen. 45,000,000 and was at 29% by noon, and clos-

Cesten! Back in Formoss.

BRANCHES AND AGENCIES: JAPAN |--Toyko, Tokokama, Kobe, Quiz, FORMOSA (—Givan, ·Zagi, acento,

Kealing,

Makong Neato, Banchire, Talebu, Talna Takes, Tamen, Teen, Hailo, Telia

ed at 29%. Bethlehem Steel was off to 18 at the close.

The Dow Jones average for 80| OKINA Shanghel, Hackow, may, industrials up .15 to 57.88, that!

Bwakiw, Canion OTHERƐ |--Hong Kong, Blagsport, Sebes Bezig.Bilarla, Bemy, London, New York, Balran

LONDON BANTERS ↑

Barnlays Bank, Ltd., Lloyds Bank, LAL, Midland flank, Ltd., Westminerve Bank, Lid

The Bank hae Commpondents in all the ̧prinsipal Commercial Contre throughout the world. L. KAGURA,

HONG KONG BRANCH:

Macingwe

2. De Vaux Bood Contrai, Bong K. Dember 24, EDEL

FOR SALE.

POSTAGE STAMP CATALOGUES

FOR 1932

from

STANLEY GIBBONS

Part L Part II, Yvert & Telllar

Scott Stamp & Caln Co. $8.00

for 20 utilités was off .12 to 24.50|| and that for 40 bonds was up .08. to 78,95.

Call money continued to be quot- ed at the 24 per cent. level.

Quotations.

| Allied Chemical & Dye 55

American Tobacco "" American Waterworks

Automobiles

240

*8

37 Total Amount of Customs Gold Unit

6%

Notes in Circulation.

C.G.U. Nutes.C.G.U. 875.000

6% Reserves Against Customs Gold Unit 25%

Notes in Circulation. 24 G$150,000 deposited with

Local Banks at .40°C.G.U. 375,000 According to Article 2 of the Bank's regulations governing note 34 Issue the Bank is required to keep Cash Reserve at 60 per cent, and Securities Reserve at 40 per cent. Finding the

9% Cash Reserve to exceed 60 per cent. 224 and the Securities Reserve not over

14% 40 per cent, we hereby certify that

47

10% the reserves against notes in cir-

8 culation is in order.

Raw Cotton

Values

Slightly Easier

Manchester Weekly Market

Report

Wednesday, April 20.

enquiry has expanded slightly and offers have been dealt with for a Raw cotton values during the variety of cloths. Karachi, Bom- week have fluctuated within very bay and Calcutta have been the narrow limits and on the whole mont interested, d'hootles in are now slightly easier. Improved particular being in demand for the

ATTRACTIVE TAILORING

We beg to announce to our many clients that we have removed ::to :18, D'Aguilar Street. We have also just re- ceived a new assort- meat of

SUMMER SUITINGS.

WING HING CO. 18, D'Agullar Street.

--Tel. 11:17.

DENTISTS.

HARRY FONG, Dentist,

tat door, No. 74, Queen's Road

Central. Tel. 21255.

LAU PAK WAI, Dentist.

HONG KONG OFFICE:...... GLOUCESTER BLDG, 1st Floor.

· Telephone: 20488. .KOWLOON OFFICE 935, NATHAN ROAD, 2nd Floor, Telephone 58581.

TANG YUH, Dentini. Successors to

'the inta SIEN TING. 14, D'Aguilar Street.

TERMS VERY MODERATE Consultation Fros.

ENGINEERS & SHIPBUILDERS.

W. 8. HAILEY & CO., LTD.,

Kowloon Bay,

Now Work & Repairs. Call Flag "L"

Sole Agents for Kelvin Motors.

HAIR DRESSERS.

LEE YEE,

Ladies' and Gentleman's Hair Dressers & Booksellers. No. 12, D'Agullar Strest. (opposite Queen's Theatre).

OPTICIANS,

*THE HONG KONG OPTICAL. COMPANY. *Phone: 21231:

53, Queen's Road Central

SHOES.

Feir

Black or Brown show from $6.00. Black, or Brown 'Boots - from' $5.00.

Children's Boots or Shem from 12.06.- Best styles, most completa stock

of all sizes. Repairing a speciality, WONG SIU WOON

21. Pottinger® St. . Theo H

24 sentiment in the United States last named market. A few fancies ALEXANDER 55% with regard to the financial post and white shirtings have been INSTITUT

61

39% tion of that country has helped the booked whilst the lighter bleach-

3 tone of the markets, but there are ing styles have also been in de- DE BEAUTE

still a few disturbing factors pre-mand.

The up-country outlets Phone 25169.

sent and buyers have continued have been rather quieter and Pedder Building

9% their policy of caution. Reports wherever offers have been put for- (1st Floor)

from the cotton belt indicate that ward the majority of them have Opposite Entrancs te

20 field work generally has been ac- proved too low for business. Hong Kong Hotel

K 54

Canadian Pacific Railway 11%

tive and considerable ground is Shanghai has offered for whites Lustress 01 Permanent Hair Waves now ready for planting. According whilst a few poplins and fancies hich are Large, Sort, and Natural, Artistic Finger and Mares) Waves, Oll to the monthly consumption retura have been booked for Hong Kong Treatment, Shampooing, Henna Back

of cotton it is interesting to note Singapore and the Straits have (any colour), Hair

5% Unq. 489,000 bales compared with lines of whites and dyed. "goods

23% 450,000 bales in February and have gone through. Egypt and the Expert, Kr. Alexan

490,000 bales in March last year. near Eastern centres have shown 6 A VISIT WILL CONVINCE YOU.

Whilst it is very difficult to fore-slight improvement, but the turn

May 10

11

Adams Express ..

24

| Allis Chalmers ›

64

American Can

40%

American & For. Power Unq.

American &

American & For. Power

WEIT

2

American Smelting

American Tel & Tel.

99%

99%

88%

67

20

Anaconda Copper

B6

27

Bethlehem

Baltimore & Ohio......

Steel

8%

18%

18

Borden Company

80

80%

(and Maxi-

Borg Warner

各種

that the amount for March was shown more activity and a few nice cure for Ladier and

.$5.26

.$8.00

Cansw

Artine

Саве,

I.

28

.$8.00

Chase Bank

80%

CHARGES MODERATE.

Chesap

Chesapeake Corp.

8%

9

AZ

Chrysler

874

Cities Service Co.

4.

Columbia Gas & Electric

8%.

Commonwealth & So... 24 Com. & So. Warr. ........ 3/16

Consolidated Gas of N.Y. 50 Continental Oi

1

+38%

Electric Bond & Share Electric Power & Light Fox Film "A"

80% 40% 19% 12%

General Electric

General Foods

General Motors

14% 1844 814 81%

114

General Rathway Signal

18% 16%

14%

17

Gold Dust

12% 12%

8%

11:2

GRACA & CO.,

Dealers in Postage Stamps, Garden Seeds, Philatelic

Goods, etc......

No. 10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG

PHOTO-SUPPLIES

-- Kedals and Cameria,

Films," Plater and Papers, atc.

· Developing, Printing and Enlarging

ZIESS and BUSCH FIELD GLASSES.

Price Moderate.::

̈A-Trial Order is Bollelted.

A. SEK & CO.

1. Tel No: 28459.

fux Head, C.

Corn Products Curtiss Wright Com. Drug Inc.

WHE

Du Pont de Nemours Eastman Kodak va

Gilletta Saéty. Razor

drich Rubber Goodrich

Goodyear Tyre &

Int.

Rubber 11

International Cement... 8 int Combustion Engine. International Harvester 18 International Nickel .... 6% International Tel & Tel. 54% Johns Manville opis

Konnecte Erenger & Toll

ggett & Myers "B" Loew's Inc.

cast any future movement of prices over has only been small. Heavy 8% experts are of the opinion that bleachers and dyed specialities 201 24 operators would be wise to keep have been offered for chiefly. A 6/18 50% themselves covered as the market few white shirings have been would respond very quickly to any booked for Northern Africa and 44

85% outside influence at present. India prints for South Africa.

4408

DOLLAR DOWN AGAIN.

Dropped One Farthing Yesterday.

The Hong Kong Dollar declined

8% a farthing yesterday, to is. 6d.

LANCASHIRE'S TRADE.

What Japanese Competition Mean

That is how they do thinge, in

The market was very uncertain, Japan. Miss Utley estimates that and there was little inclination to the labour costs of production in 18% do business.

Lancashire for a hundred yards of

131

In London silver rose %, and China and India were small buyers cloth came to 7. 94,; the labour

MISCARE LA Sellers," however, held back. The chate of 100 yards of the amo kindj

48%

Lorillard P. Co(Com.). 14)

Lindlum Steel Montgomery. Ward

Nat City Nevada Cop "Nàw, sTork

North

Ung

(bid price) 34

market ruled steady, with America of cloth in Japan 48% Inclined to buy and

28% Silver went down in New

York, to 284, but the market was steady

18

a

At the local Chinese Exchang 3% last eveni

Canton

Taking everythin

cants to Ba. Sci considera-

tion Japan, is able to

1650 per cent;

Lancashire. And th

UNCLAIMED TELEGRAMS.

grame are lying at the once

The following dyslaimed tale..

the Great Northern Tálégraph Company: (Limited) ⠀⠀ of mark:-

Jobicum, from Shanghai. Sir Cecil Kaye, passenger, Ran pura, from Shanghal :"

Wallace, from Shanghal. Compariane, from, Shanghal.

F. V. JENBEN,

Superintendent,

Hong Kong, May 18, 1932

following uncla tale rama are lying at the Eastern Ex- tension Telegraph

Abass, from Calcutta, Brailowsky...... Hong Kong Hotel, Irem Leipzig,

- Mjinéholmu," care of Peninsular, her cloth from Caire st pric

H. Pearman, P.0. Boz 410, from London Po.

erson,

EF OPEL

D. CERTIFICATES.

from Par

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