1932-05-21 — Page 2

& 4,905,000 $29.640.30

THE

CHINA MAIL.

Commerce and Finance

SHARE MARKET. Weekly Reports by Brokers.

8.000.000

4,000,000

4,000,000

2,687,000

Reserve Liability of Pro-

prietors ...

Agencies and Branches:

Branches, Agencies and Correspon- dente in the principal elties of” the .£3,000,000 | world.

£3,000,000 · Every description, of Banking and

thechangs business transacted. $8,000,000

*TAN ENG HOOL, `

Manager.

G. A. HARRIMAN.

KOOMING

MADRAS

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Aetherland Chapitalbos. 590,000,000 Coral and Fully Paldum. 2,000,000

Bears Pa

Mocktag

Resorts Liability of Prepetators. $24,000,000

HEAD OFFICHỦ RỒNÓ KOKO

R OF DIRECTORS: -

Mon. Mr. J. 4. Patersos.

Chairman.

1. Pacon, Eg Diy Chirasa.

Sz. W. H. Bəli, J. A. Piemmer. Brę,

L. 1 Compion. Las

SE T. Jakavom. Kuq.'

T. H. 8. Glar. Big,

J. P. Warren. Bag,

Y. M. Oraybure, Baq.

Chief Kenager.

BRANQUES -

LONDON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON.

Paid-up Capital Reserva Fund

ALOR 6342

NATAYIA BOMBAY

CALCUTTA

CANTON

CLVIPOKE

CEDO

MANILA

MEDAN

NEW YORK

THE HOCHONG BANK, LTD.

(BaishRohód 1017.3

HRAD OFFICE:—BING/DR

|Hong Kong Branch: 18, Quoou's Bil. C.

Authorised Capital Straits $30,000,000 Issued Capital Paid-up Capital

Resorts Labilition

of Shareholdera,

Surplum ...

kā. Miskia, Eng.

&NOT

MAMIZDX

BATAVIA

BOMBAY

DANTON

OE1700

LYONS

MATACIJA

MANILA

MUAR (Jokors

CALOUTTA

COLOMBO

BATHEN

MOIDEN

NEW TOUR

PODKOW

HAIPHONG

BAKALBO

KANKOW

HLANDIN

HONGIRW

TVOR

FURORE

КОВЕ

KOWLOON

KUALA LUMPUR

PEIPINO

PENANG

RANGOON

SALOON

RAN FRANCIBOO

RHANGHAL

BINGAPORE

SOURARTA

SUNGEL PATANI

TIENTRIN

TOITO

TRINGTAD YOKOHAMA'

Garruk komust spend is Love! Darren? and Pad Depolis racalved for one y whatir periode is Tomal Durrency and line

which will be quɔted on supål»<«5) Hong Kong, 6th April, 1932.

HONG KONG SAVINGS BANK.

„The 'Rusinone of the above Bank is maducted * HONG KONG AND BEANOBAI BANK THO CORPORATION Ruse may be obtained

applłowion.

FOR THE HONGKONG, AND BANKING CORPORATION.

BECANETAS

V. M. GRATAØRN,

Oklad Maasase.

Hong Kong, 27th February, 1933.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofce-Hong Kong.

4 Copilai (BLE. Gurewavy) ---#11,000,000

Beste Fund m

BALHOUS

1,100,00

Desco, Shanghai, Hookow, shaw, Bangkok, New York und Ban Francisco,

LONDON BANK 288 (--

The Lord's Bank, Limited." CORRESPONDENTS

În vil primalpal silise of the World. Variigi Rochangs and banking buszowe af

svseg fascription tratamotač.

Mile Depois Baru (pielowa slana) as a yearly

sosini af from 35 to $52.

LOOK POONG SHAN,

Chief Manager.

THE BANK OF CHINA.

行銀國中

Reorganized October 28, 1928, andar

special charter of The National Gar-

arament za An

INTERNATIONAL EXCHANGE

BANK

Subscribed Capital

·Paid-Up Capital ... Recorte Funda

.$25,000,000.00

.824,710,200.00

..$ 3,820,503.82

HEAD OFFICE: SHANGEAL

пр

HONG KONG BRANCH:

4. Queen's Road Central

Oving to our numerous branches in Catax and large connections in the mportant commercial centres of the world, we are able to extend to our

ellents special facilities for domestic

and foreign banking and exchanges,

AMRITSAR

HANOLOX

POE

PEPING (Peklog'

PENANG

RANGOON

THE NATIONAL CITY BANK OF NEW YORK,

HEAD OFFICE: $5, Well Street, NEW YORK.

Capital, Surplus and

Undivided Profits U.S.$225,503,775.

Branches in

་

Mining; Benguet Consolidateds

SATURDAY, MAY 21, 1932.

FINANCIAL WISDOM BUSINESS DIRECTORY

Best Remedy for Trade Improvement.

The Rt. Hon. Herbert Morrison. are st in request at $15%, and P. C. Ex-Minister of Transport.- Benguet Explorations at 81 cents. The workers of Ireland have to es Lande, Hotels and Bulldings:timate whether they will be any Hong Kong Hotels showed a marked improvement early in the week, better off if Britain and Ireland' re when a fairly large turnover

of gard each other as foreign coun- shares was recorded at slightly bet-tries. - Has Central Europe been ter rates, but at the close the posi-improved by the establishment of Hong Kong, May 20. Mr. G. A. Harriman's weakly [tion is slightly easier, with buyers share report and market review only offering $12.70, and sellers a whole range of seperate economi lasted at noon, states-

asking for $12.80, after sales at cally and fiscally conficting States? There is very little change to re- $12.70/90. Hong Kong Lands were Sir Granville Ryrie, High Com. port during the week 'under review, sold at $77%, and

further shares missioner for Australia. The re- but a alight improvement in rates is are available, with buyers at only to be noted. In the speculative $77. Hong Kong Realtys are better cent reduction by the Australian section Cements improved from at $11.60 buyers, and the same re-Federal Parliament, of the Cus 818.85 to $18.65 cash and $18.50 to marks can be applied to Humphreys toms duties on 43 articles of Bri Hotels were done as which are hard to obtain at the tish. manufacture totalling £6,000,- $18.75 June. high as $12.90 cash at one time, with slightly improved rate of $154 000 gives cause for hope that pre- Cotton Mills:-Ewo Cottons are Yerential arrangements will be shares parcels of many large

this better, with buyers at Taels 18.50, made in the future between the for cash at changing hands figure and at $13 for June. Lights after sales at Taels 13.50/55.

Dominions and the Motharland. Docks, Wharves and Godowns:- were qujet but a few shares chang-

Mr. W. H. Curtis, chairman, SETTLEMENTS ed hands at $20.75 for the old issue. A small business was negotiated in Grand Union Canal Co., Ltd.-It In the Investment section Tramps Wharves at $144%, and further is common idea that canals repre- were slightly better at $21.60 cash shares are wanted at this rate.

Asent a form of transport which has Commercial and Travellers' Letters and $21.75 June, Lands also were in very large number of China Pro- become obsolete.

There could not of Credits, Travellers' Cheques, Bills request at $774 and Electrica at vidents, old, changed hands

at be a greater mistake. of Exchange and Cable Transfers $74% were hard to obtain. Sterling $4.30/.95, and the market closes

Sir Frank Meyer, deputy chair- bought and sold. Current accounts counters were firm on an easier ex-with a further big demand for man, De Beers Consolidated Mines and Savings Rank accounts opened and Fixed Deposits in local and for change with Banka and Uulons shares at the latter rate. There is The only hope at the moment eign currencies

taken at rates that wanted at $1,530 and $470 re- a small enquiry for Kowloon Docks for the diamond industry is to en & may be ascertained on application to spectively. As we go to press the at the reduced rate of $18.

courage by every possible means the Bank.

market is on the quiet side on ac-

Public Utilities:- Hong Kong the European trade.

PANAMA

COLONDO

SAIGON

DELFI

SEMARANG

HAIPHONG

BEREMBAN

FAMBURA

SHANGHAI

BANKOW

SINGFORE

EARRIN

BITIAWAN

RONO KOKO

SOURATATA

NATO

TAIPING

TIRNTHIN

ARGENTINE

LONDON

KARACHI

TONOKAH (Bhuket)

BELGIUM

MEXICO

KLAXO

TSINGTAO

BRAZIL

TORDHAMA

CHILE

PERU

CHINA

General

COLOMBIA

ISLANDS

PHILIPPINE

CUBA

DOMINICAN REPUBLIC INDIA ITALY JAPAN

URUGUAY VENEZUELA

**

BODE

KUALA KANGSAR ZAMBOANGA

KUALA LUMPUR

Foreign Exchange

and

Banking business transacted.

Current Accounts opened and Pix.

ed Deposits received for one year 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.

TOTAL RESOURCES $19,000,000

EFFICIENT-TRUSTWORTHY

RELIABLE COURTEOUS.

144-150, Des Voeux Rd. C.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.

(NETHERLANDS TRADING SOCIETY)

BANKEES

Established 1334.

Hong Kone Oshoes-11, Queez's Bond Central,

Authorised Capital

Paid Up Capital

Reserv. Fad

PORTO RICO

STRAITS

tomers the services of the Branches

Manager.

Assurance

We are also able to offer our Cus- count of the approaching Settlement, Trams were dealt in at $21, and Mr. Reginald B. Jacomb, pre- of the International Banking Cor but the undertone is steady. further shares can be placed at this sident, London Life Association. poration in Spain and also of The

Banks-Hong Kong & Shanghai rate. Yaumati Ferries, Old and in the case of a life National City Bank of New York Banks were

in demand at $1,550 New, have improved to $38% and office, with contracte lasting over (France), 9.Ã., in Paris and Nice.

with sales reported at $1,540. Bank 838, respectively, with no business so many years, depreciation is no R. M. MCLAY,

are also more than an inconvenience, except of East Asias continued in demand to record. Star Ferries

better, with buyers at $92, after to the extent that it may be a rough Hong Kong, May 18, 1932.

at $115.

sales at $912/92. China Lights are measure of possible loss of in. Insurances-Unions were put

were sold at come. ahares easier, Old shares through at $470 and more could be placed at this rate. China $20.40/60 during the week, closing

Sir Montagu Turner, chairman, THE BANK OF TAIWAN, LTD. Underwriters eased off a little with with buyers at $204, and sellers at Chartered Bank of India, Australis China Lights, new, are and China. The best remedy for (TAIWAN GINKO.)

sellers at $3.90. China Insurances $20%. were wanted at $490.

nominal at $20.45. Hong Kong an improvement in trade is internal Shipping.-Hong Kong

Steam-Electrics are better, with buyers at peace, improved communications boats were on offer at $22. Union $74%, and sellers at $74%, and and a settled Government.. Waterboats remained in demand at sales reported at $74/744. Hong Mr. C. C. Valli, director of Coty, Kong Telephones are steady, buyers French Perfumiers--The Coty pro- Docke, Wharves and Godowns-offering $23%, with no sales to ducts for the British Empire are

report.

at present made in France, but if Hong Kong & Kowloon Wharves im-

Miscellaneous Canton Ices are a the Dominions give a preference proved slightly with business done

shade better, with buyers at $4.80. to British manufacturers the busi. China Providents were at $144. in demand at $4.95 for the old Cements improved early in the weekness can be transferred to the new

to a buying rate of $18.55, but close factory in England. shares and $2.20 for the new,

HEAD OFFICE:-Taipeh, Formosa.

Incorporated by Special Imperial Charter, 1899,

Central Bank in Formosa, Bank Notas issued åvatage amount ...Ten. 18,000,000 BRANCHES AND AGENCIES: JAPAN ---Toyko, Yokohama, Koda, Osaka. PORKOBA :-Giran, Kagi. Karunka; ** Issḍung;

Kakong, Kants. Sinchiku, Talen, Tais Takan, Tamuni, Town, Exile, Tailo

CHINA:-angkal, Haskow imoy, Foochor,

Swatow, Cani OTHERS--Hong Kong, Hingspora, Boersbays, Benzerang Bateria, Bonbay, London, New York, Burn

LONDON BANKERS: " Barclays Bank, Ltd., Lloyds Bank, Lad., Midland Bank, Ltd, Wertzilnater: Bank, Ltd.

Commal Celeme throughout the world,

E. NAGURA.

... Gallders 109,000,000-

Manager.

Guilders 10,280,000- Qulldar 10,018,000-

HONG KONG BRANCH:

1. De Von Road Central. Hos Kong, December 24, 1981

Bead Dos-AMSTERDAM", Eastern Hoad Omo»:--BATAVIA. Branches--Bandjarmasin, Bandeng"> Baba7,

Calossia, Chartbon, Djmber Djok Faliria", The Human!"Nadal, Kibu;

Longue, Prosng, Bangoon, Botterdam", Bemarang, Bukal, Binpagors, Bowes- baja, Bovrakarta (Bole), Tegal, Tillesjap and Weltevreden“,

* Thans allana kayo Bala Deposit Boxes in Zai,

LONDON BANKEES 1-

KATIONAL PROVINOIAL BANK LID.

Correspondents all one the world. Barking Bual now of every description transacted,

A. BIOXKIXE,

Hong Kong, hi December, 1981.

THE

Manager.

We also handle the lane of Bonda AMERICAN EXPRESS COMPANY. and other Public Funds of the Chin-

Government both at home and

SHOU J. CHEN,

INC.

abrosd.

Manager.

Head Office::65, Broadway, New York.

Hong Kong, 6th March, 1981.

Capital

Surplus

THE YOKOHAMA SPECIE BANK,

Beserves

U.8.$6,006,000 U.3.$1,579,454. ‚U.8.$1,908,209

LIMITED.

BRANCHES

Established 1889.

wwwwww.

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

Yen 117,800,000

Head

les:----YOKOHAMA,

Tou

tachés and Agencias at:

Nagmaak!

Calcutta

Canton

· Defzwa. (Dolny)

Fogtim (Mukden)

Hamburg

Newekwang

Osaka

York

Priping

Rangoon Rio de Janeiro, Ban Francison Beattly

tang

Branches of American Pr pany... in Principal

States of America and Caus

All classes

Transactions

$20.

SHANGHAI TRAMWAYS.

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- ment of

SUMMER SUITINĖS

WING HING CO. 18, D'Agullar Street. Tel 11417.

DENTISTS.

HARRY FONG, Dentist,

1st door, No. 74, Queen's Road

Central. Tel. 21254.

LAU PAK WAI, Dentist.

HONG KONG OFFICE: GLOUCESTER BLDG., 1st Floor, Telephone. 20488, KOWLOON. OFFICE:—

י.

335, NATHAN ROAD, 2nd Floor. Telephone 58581.

TANG YUE, Dentist. Successors to

the late SIEN TING, ́14, D'Agullar Street,

TERMS VERY MODERATE

Consultation Free..

ENGINEERS & SHIPBUILDERS.

W. 8. BAILEY & CO., LTD,

Kowloon Bay. New Work & Repairs." Call Fiar "L" Sole Agents for Kelvin Motors.

HAIR DRESSERS.

LEE YEE

Ladies' and Gentlemen's Hair Dressers & Booksellers:

No. 12, D'Aguilar Street. (opposite Quesn's Theatre),

OPTICIANS.

THE HONG KONG OPTICAL COMPANY,

"Phone Sud).

53, Queen's Road Cesitral.

SHOES.

Black or Brown Shoes from $6.05. Bläck, or Brown Boots from 18.00, Children's Boots or Skoen from 83.10. Best styles, most complete stock of all sizes. Repairing a speciality. DAS WONG SIU WOON MAIN

· Phone: 21474.

Hotels and Real Estate.--Hong on the easy side with shares on offer Kong & Shanghai Hotels remained at $18%, and only small buyers at steady with enquiries at $13.75, $18.30. Hong Kong Ropes were dealt in at $18.90, and further shares having changed hands at

shares could be placed at this The Shanghai Electric Construc- $12.90. Hong Kong Lands were] The Bank has Correspondasite in all she princip realised at $77.25/50 closing with Aguré. Dairy Farms are wanted at tion Co., Ltd., received by telegram sellers at the latter rate. Hum-$27.75, with no business reported the following information from

Lane Crawfords, old, are just a their London Office:--- phreys continued in demand at

Directors recommend final divid- $154. Hong Kong Realties were shade firmer, with buyers at $6.90,

and sellers at $7. Watsons, old and end 7 per cent. free of tax. An-21, Pottinger St. slightly Armer with buyers at $11.60, business having been done, are wanted at the improved nual General Meeting will be held

: rate of $14, and $18%, respectively. May 25," at this rate.

Sinceres are hard to obtain at the Cotton Mills-A fair business in buying rate of $16.30 ex dividend. Ewos was transacted at Tls. Exchange: Today's rate of Ex- 13.40/.65 and more shares could be change London is T.T. 1/2.7/8 |placed at Tls, 18.50.

and on. Shanghai 76.

Forward Settlement Days:-May 25 and June 28, 1982.

THE MERCANTILE BANK OF

INDIA, LTD.

·HEAD OFFICE I

15, Gracechizzah Bizet, Londen, E.0.2.

Authorised Capital Subscribed Capital

Paid-up Capital ....... 1,050,000 Reserve Fund & Rest 1,217,927

BANKERS

The Bank of England & Midland Bank, Ltd.

BRANCHER

Ipoh

Kandy

Bangkok

Batavia

Bombay

Karachi

Caloutta

Kota Bharu

Colambo

Kuala Lipis

Delhi

Ga

Howrah

DOLLAR'S DECLINE.

Public Utilities-Trams remain- £8,000,000

1,800,000ed steady at $21.50. Star Ferries showed an improvement and were in demand at the close at $92. China Lights (old) were a shade easier and could be obtained, at $20 Hong Kong Electrics were put through at 8744/85 closing in demand" 'at' $74.60. Telephones (P.P.) could fetch buyers at $29.80. Miscellaneous. Cements (comb.)

Fork Louis

(Munciilma)

Shanghai

Kuala Lumpur Elmda

Kassian (Pahang) Elagapor

Madzaa

New York

Bourabaya

HONG KONG BRANCH.

Arey description of Banking and Exchange Book

De transcted"

Traveller Cheques forsed,

taken.

Trustee and Executorships under INTEREST allows do Correst Accounts and Fixed Deposite as Raise that may be seertaled (an applesiion.

J. B. ROSS,

Dropped Another Farthing Yesterday,

The Hong Kong Dollar dropped

were quite firm with sales effected a farthing yesterday to 18.: 2d.,

the former figure. at $18/65, closing in demand at in sympathy with declines in the Hong Kong price of allver in London and New Ropes were obtainable at $14.10. York. The local market. was in- Dairy Farms were dealt In at $23 clined to be easy, and the inter and more shares could be placed at bank rate was about is. 8d. 327%. Lane, Crawfords, after A drop of a farthing in the price having been done at $8,80/7.00 were of silver was recorded in London, on offer at $6.90 towards the close, due to Chins selling. At the de Entertainments were enquired for feline both India and China bought, at $18.50 but sellers were scarce and the market closed steady. Constructions(new) were sought America held off. for at 81.70 while the old shares were on oner at $51⁄2.

Forward Settlement Day Thing" diamonds 425, June 28, and July 26. equal to Faní diamonds

Manage Hong Kong, 7th April, 1982.

7. Gornala Bond" Dunkrat."

LATEST INVENTION American Chemical Diarisands.

diamonda,

Proof

sold, water, oll, sice. These can be washed wit and can be need

"count". Bend your andera

American

PO Box

Then, ardering)

OPEL

#

CARROLL BROS.

Hong Kong, Friday, May 20. the market this weak, has shown, light Improvemenį, skates a spood, one or two points but closed slightly exsler. The business kurn-

"hay" also showni "a" definite

Banke: Hong Kong and Shai bak Banks were in demand at $1,620 25 $15880, but clowed stronger. $1,540 buyers, after marktothis.

Be Silver Blumpa.

In New York silver went down

with the market steady.

At the local Chinese Exchange, last evening, Canton Central Bank notes were quoted at 56.7 per cent. while Hong Kong dollar notes, in exchange for .Kwangtung Silver, wore at a premium of $421 per $1,000

LONDON SILVER PRICES,

London Yesterday." Cloning allverprices in London to-day were:

May 19 May 20

1674 167

16.18

Spot

vard

TO-MORROW AT THE KING'S.

A Great Human Story /

Based ́STANLIY: NOC play of LANCO SVEIL THORNDIKE JOHN STUART: NORMAN MYKINNEL

HINDLE WAKES

› GAUMONT-GAUSACHOUDE PICTURE

-BELLE CHRYSTALL

BARGAIN

DAYS

ONLY.

SALE

21, 23 & 24 May.

DAYS

ONLY

RADIO SETS Reduced to Half Price

ALL A.C

PENTODE TUBES, DYNAMIC LOUD SPEA

ALL IN TABLE CABINET

free service for one

ELECTROTECH

NG KONG CORPORATION