BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorised Capital ...
Issued and Fully Paid-up
Bomerya Fanda
Barling 62448
81vor
£5,500,000
$10,000,000
150,000,000 20,000,000
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
THE HO HONG BANK, LTD.
(Established 1917.)
HEAD OFFICE SINGAPORE.
| Hong Kong Branch: 13, Queen's Ed. G.
Authorised Capital Straits #20,000,000
Issued Capital"
8,000,000
Paid-up Capitai
4,000,000
4,000,000
2,687,000
Incorporated by Royal Charter, 1859, Emerya Liabilities
HEAD OFFICE: LONDON,
Paid-up Capital
Reserve Fund
Reserve Liability of Pro-
priators
.43,000,000 £3,000,000
.£3,000,000
Agencies and Branches:
ALOR STAB
AMRITSAR
EUCHING
MADRAS
Bursa Liability of Proprietors... 420,000,000
HEAD OFFICE: RONG KONG,
BOARD OF DIRECTORA
Hon. Mr. J. J. Patarson. Chaleman,
T. E. Pearce, Esq. Deputy Chairmaạ.
Hos. Mr. W. B. Belt. A. XX. Complon, Esq. M. T. Johnson, Esq. O. Nickis, E
A. Plummer, Esq. 7. H. B. Shay, Eng. J. P. Warren, Esq.
V. K. Orayburn, B.4. Chiat Manager.
BRANCHES:-
IUNDON LYONS
MALACCA
ΠΑΝΟ ΚΟΣ BATAVIA, BOMBAY DALCUTTA CANTON
DAWNPORE
CRBJ
MANILA
MEDAN
NEW YORK
PEFING (Ping
PINANG
BANGOOR
AHOY
BANGKOK BATAVIA BOMDAY
HANKOW
of Bhareholders
Burplus
*
•
Branches," Agencies and Correspon- dents in the principal cities of" the world.
Byary description of Banking and Exchange business transected.
TAN ENG HOOL
Manager.
THE NATIONAL CITY BANK OF NEW YORK.
+
HEAD OFFICE: 65, Wall Street, NEW YORK.
Capital, Surplus and
Undivided Profits U.S.$225,503,775. Branches In-
LONDON
THE CHINA
MAIL.
and
Commerce
Finance
New York Stocks
Bear Market Reaches New Low Figures
New York, May 28. Johns Manville Prices grew steadier on the New Kennecott York Stock Exchange to-day, after Kruger & Tall early selling, after reaching new Liggett & Myers "g"
Loew's Inc. bear market low figures, says the Lorillard P. Co. (Com.). daily review of the Dow Jones Ludlum Steel Financial News Agency for the Montgomery Ward
National City Bank (öld
ODLOMBO
SAIGON
DELHI
BEMARANG
HAIPHONG
BEREMBAN
HAMBURG
SHANGHAI
SINPOAR
HARBIN
SITIAWAN
MANILA
SONG TONG
SOURADAYA
MUAR (Jakorat
[LOILO
TAIPING
MUEDEN
ARGENTINE
[POH
TIENTSIN
Wall Street Journal,
BELGIUM
TONGKAH (Bhuket)
MEXICO
PEIPINA
ILANO
TSINGTAO
BRAZIL
DAIREN FOOCHOW
PENANO
ICBK
YOKOHAMA
CHILE
PANAMA PERU
KUALA KANGBAN
ZAMBOANGA
HAIPHONG
EUALA LUMPUR
CHINA
HAMBURG
SAN FRANCISCO
COLOMBIA
HANKOW
HARDIN
CALCUTTA
CANTON CHEFOO COLOMID
NEW YORK
HONDEEW
ILOILO
EPDIT
JOKORE
KOBR
KOWLOON
ERALA MPIR
RAKGOON
SAIGON
SHANGHAI
SINGAPOKE
BOURABYA
SUNDEI PATANI
TIENTSIN
TOKYO
TSINGTAO
YOKOHAMA
Current Accounty opened in Lacul Currency and Fixed Deposits Precized for one zaur__ Ör aharter pain in Toes Company and Harling on terms which will be quoted on application.
• Hang Kaag, 5th April, 1982
HONG KONG SAVINGS BANK.
The Bosiasm of the aberg Bunk is conducted
HONG KONG AND BHANGGAI BANK ING CORPORATION. Bules may be obtained
appliosion."
FOR THE HONGKONG AND SHANGHAI, BAKKING OORPORATION,
V. H. ORATROAN,
Ostal Manager.
Hong Kong, 27th February, 1931. -..
THE BANK OF CANTON, LTD.
Established 1912,
Head Office:-Hong Kong.
Authorised Capital (11.K.- Carraucy)...$11,000,000 Paid-Up Capital Boats Fund
BRANCHES-
$,065,000 1,300,000
Caton, Hhanghai, ilaukow, Swalow, Bangkok, New York and fan Francisco.
LONDON BANKERS
The Lloyd's Risk, Limited. CORRESPONDENTS
Is all principal elties of the World.
Foreign Exchange and banking business of
svery description imusseted,
Bao Depit Boxes (various aires) mí a yearly
rental of from $5-10 $40.
LOOK POONG SHAN,
Chief Manager.
THE BANK OF CHINA. 行銀國中
Beorganised October 26, 1928, andar
special charter of The National Goy. srument es an
INTERNATIONAL EXCHANGE
Babcribed Capita!.....$25,000,000,00
KARACHI
Foreign Exchange and General CUBA Banking business transacted.
DOMINICAN
PHILIPPINE ISLANDS
PORTO RICO
STRAITS
SETTLEMENTS
price)
with
Nevada Copper
The
New York Central
Pacific Gas & Elec.
The market closed irregular, several issues remaining weak. curb market
North American Co. was weak on ac- count of breaks in all Cities Packard Motors Service issues, resulting from the Paramount Publix omission of dividend, and the death Pennsylvania Railroad of Mr. Edward Swift, of the Chi-Pennroad Corporation ... cago packing family. This latter Public Service of N.J.
Phillips Petroleum fact caused a decline in Swift Radio Corporation Commercial and Travellers' Letters issues, and other issues were un- of Credits, Travellers' Chaquas, Bill able to overcome the movement. Manager.
of Exchange and Cable Transfers bought and sold. Current accounts General Electric's reduction of Shell Union
Current Accounts opened and Fix- REPUBLIC ed Deposita received for one year or INDIA shorter periode at rates which will be │ITALY quoted on application.
J. STUART,
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.
144-180, Des Voeux Rd. C.
NEDERLANDSCHE HANDEL- MAATSCHAPPIJ, N.V.
........
IN THERLANDS TRADING SOCIETTI
BANKERS.
Betablished 1254.
Hong Kong Offonimil, Queen's Bend Onntral.
Authorised Capital Ouüdate 188,000,000 Pull-Up Capital w; Guliðar 18,000,000. Reserve Foadınymous Qulders. 40,518,000.
End Co:-AMSTERDAM”.
Bastara Besi, Offos:—BATAVIA,
JAPAN
URUGUAY
VENEZUELA
Keith Orpheum Reynolds Tobacco "B" Radio Corporation
Reynolds Tobacco "8" Sears Roebuck & may hascertained on application to half to 274; but Bethlehem was Simmons
a Shell Union BADK.
Company We are also able to offer our Ca-off 3/8 to 10%, Auburn was off 3/8 Socony-Vacuum Corp. tomers the services of the Branches to 33%, New York Central was offs Gas & Electric South Cal. Edison of the International Banking Cor-3/8 to 10%, but Westinghouse rose S. Ol of NJ. poration in Spain and alsó of The National City Bank of New York a half to close at 19% and New Texas Corporation (France), S.Á., in Paris and ́Nice. York Central was up 5/8 to 30%. Texas
Gulf Sulphur Anaconda closed off an eighth B. M. MCLAY,
Manager.
and Savings Bank accounts opened dividend was another unsettling and Fixed Deposits in local and for factor. aign currencies taken at rates that
U.S. Steel rose and closed up
Hong Kong, May 18, 1982.
3.
TUESDAY, JUNE 7, 1932.
LORD BEARSTED ON OIL INDUSTRY
Optimistic Outlook.
A warning against the danger of becoming unduly alarmed at what
he was convinced was merely a
HONG KONG DOLLAR STEADY.
Silver Up in London and New York,
Yesterday the Hong Kong Dollar
"temporary check" was uttered by continued unchanged at 18,27%d. Viscount Bearsted when responding At the opening the market was to the toast of "The Oll Industry" |
at the annual dinner of the On fairly firm, but later became easier. Industries Club held at the May! A rise of 1/16 in the price of Fair Hotel on April 8. Mr. C.silver was recorded in London and Dalley presided.
China and India were small buyers
Lord Bearsted drew attention to on a steady market. the fact that even this year there
In New York silver went up
10% 10% was no marked falling off in con- at 28%, and the market was
5%
5 sumption compared with the de steady.
1/32 1/82
erease in the consumption of other 3644.8044
Chinese Exchange. prime necessities, and said he be- 16% 16
At the local Chinese Exchange, 9% leved the ail industry to-day as a last evening, Canton Central Bank 0%
Ung whole was in a sounder position notes were quoted at 55.4 per cont. while Hong Kong Dollar notes, in "After all," he added, "there is exchange for Kwangtung silver, selfah $1,000,
2
25
26
24/
than other.
2 no real reason why oil should be were at a premiuni of $422.5 per
the
9% 10% overproduced. Only 15% 10% cupidities of man can prevent the
19% best use being made of the earth
London Silver Prices.
Closing silver prices in London
20
2
2
ix
1%
74
1
1
4
and its fulness, and if our boasted civilisation has not taught us to curb these passions we have not 34 learned much."
London, Yesterday.
to-day were:
June 4
June 6
36% 38%
Col. the Master
of Sempill, who
234
2
Spot Forward
16%
16%
1
16-15/16 16-15/16
1% proposed the toast, said the health 274 27% of their great industry was so vital
The London on New York Crosa
2% 2% to the world at large that it was rate was quoted £1-G$3,69.
25%
ja matter of supreme importance to
27% achieve immediately some measure CHEAPEST AND BEST
154
3%
of stability. The immense losses 3% which were being faced by the in- dustry could not possibly continue, 18% 17% and it had to be considered whether
74
the authorities were not demanding from the industry certain conditions which were heavily penalising it in 2% the circumstances which existed
9%
28% 24
1014 10
18% 14
"&Carbon
.23 to 4* United Gas Improvement 18% 13%)
2% 17 37% 74 44 4%
17 874
to-day..
24 2% 284 27%
6
Warner Bros. Pictures Westinghouse E. & M. Woolworth Call Money
1
Union Pacific The Dow Jones average for 30 United Aircraft & Trans. industrials was up
United Corporation THE BANK OF TAIWAN, LTD. that for 20 rails was off 10 to
(TAIWAN GINKO.)
15.27, that for 20 utilities was up. S. Steel
U. S Rabber 08 to 19.12 and that for 40 bonds Vanadium was off 20 to 27.75.
Sales for the day totaled 675,000
HEAD OFFICE:-Taipeh, Pormoss.
Incorporated by Special Imperial Charter, 1899,
Central Bank is Formosa,
Bank-Notes lasted Avstage amount Xam. 63,090,000 BRANCHES AND AGENCIES, JAPAN 1--Toyko, Tokohama, Kobe, Ok. TOBMORA:Olmaz,
Makong, Nacka, Ekinokiku, Talchu, Tainan, Takan, Tammil, Town, Hello, Taita. CHIKA-Shanghai, Haukow, imog, Tochów,
shares.
May 27 May 28
L
Quotations.
Stocks Adams Expreas
2
2
Keluar.
Allied Chemical & Dys Allis Chalmers American Can American & For., Power American &
50% 50%
4% 5
35
36
24
For, Power
Warr.
1
13
American
Smelting
61⁄44
American Tel. & Tel. Aanvrican
Braun, Čanion. *TEERS ;-Hong Kong, Blagapore, Dowexbeya, Semarang, Batavia, Bombay, London, Nas York, Dales,
LONDON BANKERS :
Barclays Bank, itd., Lloyds Bank, Ltd.,
Midland Bank, Lid., Werkmicuing Bank, Lad.
P
The Bank has Correspondate in all the principai Commercial Centres throughout the world.
K. KAGUNA,
HONG KONG BRANCH:
1. De Your Road Central, Hong Kong. December 4, 1961.
ALEXANDER
Brumokas :—Banjarmasin Bandoung" Beby INSTITUT
BANK,
.
Paid-up Capital
..$24,710,200.00
.$ 3,820,508.82
HEAD OFFICE: SHANGHAL
Reserve Funds
HONG KONG BRANCH: 4,*Queen's - Rood Central,
Calonite, Cherthon, Djember.
Djak
Bleached The Hague DE BEAUTE
Makassar
Medan, Palembang,
Paka
Longan, Penang. Rangoon, Rothera", Spring", Shanghai, Ginpapers, Bases.
bala, Boerakarta (800), Tegal, zilas|ap and "Walia veden”.
* These ofŝoes kara Safa Depoilt Boxes in Let,
LONDON BANKERS :—
NATIONAL PROVINCIAL BANK LTD.
Phone 25189.
Pedder Building
(1st Floor)
Opposite Entrance to
Hong Kong Hotel.
American Tobacco "B"
American Waterworks Anaconda Copper
Auburn Autos
mobiles
Bethlehem Steel...
24
8244 91%
51%
51%
12 18
3
81% 88%
Manage.
Borden Company?
10% 10%
29%
Borg Warner
24
8%
3%
Canadian Pacife Rly.
7%
8%
Case, J. I.
19
19%
Chase Bank
224
224
Chesapeake Corp.
86
17
5
Chrysler
Cities, Service Co Columbia Gas & Elec.
& Southern
Wealth & South-
ern Warr
Continenta! Oll
:
LL.D. CERTIFICATES..
Messrs. A. Goeke & Co., local
ADVERTISING
The Newspapers.
SIR CHARLES HIGHAM'S EXPERIENCE
London, April 26,
Successes brought about
by
5 agents for the Societe Internation- newspaper advertising were describ- 192ale de Placements, Basle, advise ed by Sir Charles Higham in an 19%. 28% 26% us that yesterday's official quotation address to London Publicity Clubs. 2% 24% in Basle was: 22.8. Od......
He said:
Wool Substitute
American Invention From Jute
How Wool Prices Rule Everywhere
New York.
into the strands and enables them
The Columbia Univeraity has an- to adhere and retain heat. 6%nounced that its chemical engineer-
"When the majority of British motor-car manufacturers got to- gether some four years ago to meet the position of foreign-made motor- cars in this market, they decided on an expenditure of some tena of thousands of pounds a year to be apant largely in newspaper advertis- ing, and at that time the foreign motor-car dominated this market.
**At the end of the four years' |campaign, we ånd to-day the British motor-car supreme in this market, due to the fact that they consistent- ly informed the public of the merit of buying a British car and the seasons for doing so.
Popularising Bread.
Professor McKee said that when "The popularising of bread has wool reached 50 cents a lb. in New been successfully carried .out ing department, under the direc-York, manufacture of the substitute through the newspapers, and I know tion of Professor Ralph H. McKee, would be commercially feasible. for certain that the Government's has perfected the commercial pro- The equipment needed was not attitude towards the milling indus- 20% 30% duction of artificial wool from jute, particularly expensive, being prin- try was decidedly changed when the cipally tanks and an adequate water public learned through the columna 28% 27%
Professor McKee said that the supply. He was reluctant to dis-of the newspapers the disadvantages 26% 27% substitute "could be manufactured cuss the economic factors, especial- that the earlier Quota Bill would 40% 41
5716
Consolidated Gas of N.Y. 40
39%
4
434
Corn Products
Drag, Inc.
Curtiss Wright
Nemours
Du Font de Lustrous Oil Permanent. Hair Wares Eastman Kodak which are Large Soft and Natural, Electric Bond & Share. Artistic Pinger and Harcel Waves Oil Electric Power & Light. Correspondasis all on the world Banking Box Treatment, Shampooing, Hana Fack Fox Film "A" Owing to our numerous branches innse of wvery description tansted.
A. STOKKIKE.
Hong Kong, Iri Decarber, 198L
China and large connections in the Important commercial centres of the world, we are able to extend to our ellents special facilities for domestic and foreign banking and exchanges.
We also handle the issue of Bonds and other Public Funds of the Chin-
THR
Manager..
Die Gerernment both at home and AMERICAN EXPRESS COMPANY.
abroad.
SHOU J. CHEN,
Manager. Hong Kong, 8th. March, 1981.
Capital (fully paid-up) Yen 100,000,000 Reserve Fund ..... Yen 117,800,000
INC.
Head Office:-85, Broadway," New York.
1.8.$6,000,000.09 .U.S.$1,832,832.04
Reserves.......U.S.$1,158,116.78
THE YOKOHAMA SPECIE BANK, LIMITED.
Capital Surplus
017
Betabilsked 1588. .
Amsterdam Antwerp
BRANCHES Janu
frome
Mios Giangove
Bauman
Medlin
Hamborg Harry
Bllarrita Bomber
Naples
Parit Panas Puking
Busson Alcor
Jerulaca
Indoo
Tasmine
1
· Laser
MarvelElas
Band Off-TOKOHAMA..
Branches and Agencies at: Alexandría
„Bombay
Calcutta
Nagsaki
Nagoya
Newchwang
Osaka
New York
Pelping Bangoon
(Dalny)
(midam) - Rio de Janeiro
allowed
Francison
Bax
Seattle
Semarang
Gale Oniortle Cases Dolenda Cagle Mosis Cario
Kaich Mome
Venice
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Franctions undertaken."
Personal
(any colour), Hair Cutting and Maal General Electric cure for Ladies and Gentlemen. Con-
General Foodk selection, Artistic Work by European Expert, Mr. Alexander.
CHARGES MODERATE.
A VISIT WILL CONVINCE YOU,
FOR SALE.
for 25 cents a lb. compared with ly the possible effect of the pro- have been to this great and domin-
the current price of wool of 85 cents cess upon the woolgrowing coun-ant industry.
lb.
He saw no reason why Austries of the world. 9%tralia should worry over the pro-
cuss the matter from an academic 99% point of view.
0%
8%%
38%
Choral Motors
1%
I 10... 22% 21%
9%
General Rly Signal Gillette Safity Gold Dust Goodrick Rubbe Goodyear
*
21spects of competition with it. He
18%
185
Inter Cement
Tyre & Rubber
21 5%
5%-
Int. Combustion Engine
1/2
Inter. Harvester
16
Inter. Nickel
8%
Inter. Tel. & Tel.
2%
..$5.25
.$8.00 $6.00
NEW BRITISH. TARIFFS
Sir Herbert Austin's
Warning
POSTAGE STAMP CATALOGUES
FOR 1932
from
STANLEY GIBBONS
Part L.
Part IL
Yvert & Tellier
Scott Stamp & Coin Co. $8.00:
GRACA & CO.,
Dealers in Postage Stamps, Garden Seeds, Philatelic
"Goods, etc."NAN
No. 10, WYNDHAM STREET, P.O. Box No. 620. HONG KONG
PHOTO-SUPPLIES
*Kodaks and Cameras, “ Films, Plates and Papark, atë. Developing, Printing, and
Enlarging, 20T
ZIESS and BUSCH FIELD GLASSES.
CO
Competition not Feared.
"It is also equally true that until
the teachers made their manifesto
Mr. J W. Allen, secretary of the familiar to the millions of mothers seemed to prefer, however, to dis-Graziers' Association, commenting and fathers within these Isles on the cable message, said that through the medium of newspaper While stating that the substance wool prices were now lower than advertising, the Government took no could hardly be distinguished from they had been for the past 30 years, action. Yet within fourteen days with the result that wool products after their campaign appeared in the so-called "all-wool," Professor had, to a large extent, supplanted the Press the previous reduction of 10% McKen said he was not ready to
compare it with fine merino in any those substitutes which had come 15 per cent. was reduced to 10 per 23%) way now TA
Into use when wool values were cent. A representative of the Aus that it was probable that the real abnormally high. He considered
The Cheapest Way, tralian Press Association called merits of the genuine article would paper advertising and my belief is "If I am an enthusiast for news upon Professor McKee and was result in wood being used instead that it is the cheapest way of build- shown samples of yarn, felt, and of subalitutes while wool values reing big business-it is because my woollen cloth, in which various mained low or at a reasonable level, experience has proved it to me. quantities itp to 70 per cent of the He did not think that woolgrowers substitute had been used. Its ap should fear competition with the perly filled, as profitable to-day 25 I find newspaper space, if pro- pearance was good." London.
substitute of it has ever been. I and that the Professor McKae said: "Several Mr. Allen said that it had been public responds even better than British Industrial leaders gan- erally welcome new tariffs, though ago, when wool was a suggested that the jute substitute ever to appeals made to their in- Sir. Herbert Austin- gave a word of proximately 80 cents a lb. I started might be of use in the manu- telligence, through this method of warning to-day. He expressed]
work and obtained a satisfactory facture of wool packs if they could Commenting on the use of letters the opinion that the duties should product from juta in about a year. be produced at low cost which or postcards for advertising, have been made consequent on the alone, or, better, mixed
When woven into cloth, either Industries themselves undertaking wool, it made a cloth which the material, and whether it would as newspaper space, the result would
appeared improbable, but much said: with
would depend on the strength of not to increase prices. Any pro was warm and would wear take dyes avenly like wool fibres, not be as effective because the Even if the latter were as cheap Next week promises a flood of shot as well as wool. The so that if the artificial abres were public would receive information sectional trade meetings ands
process has not been commercialis mixed with wool in the process of that they had not asked for, whereas Hock of deputations to the House because real wool dropped from manufacture they would escape
fiteering would be fatal.
of Commons. The NYS
There will also be a two-day de bats on the new tarifa H
80
enta to 85 cents ib. ow-detection
when they buy a newspaper, they a guarantee nat excessively high wool combe, Carson, Ltd., comma
One of the directors of Winch know it is going to contain advertis
{Ing of all reputable firma who can- the cable, said that it did not seem tell the truth."
not anord to do anything else, but! economically possib
* French opinion regards the new prices in the future, tariff wals as excessive, declaring
Process Explained.
that Great Britain is now the most The process in perviained protectionfat defintry in Europe, lows: Natural
thus furnishing Geri axcuse for demanding
Arst removed from
cultivat
fol- ang articciál
Wool at Its pre
com
OPEL
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