1934-07-03 — Page 7

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Zound and Pully Tald-up wanted Reserve Fundaz

Bang

•

20,000,000

$10,000,000

£20,000,000

Rasacre Lability of Proprietors 30,000,00

HELD OFFICE: HONGKONO,

BOARD OF DIRECTORS

Hon. Mr. G. d. §. Maskin

Chalreis

B. II. Tel, E. Depoly Chalrimes.

Ko, Mr. W. II. 2.11.

A. IT. Compton, Eng.

W. J. Karish, Mag.

Q. C. Knight, Boy,

AMOY

BANGKOK

BATAVIA

DOMBAY

CALCUTTA

CANTOR

CHEFOO COLOMBO

DAREN FOOCHOW HAIPHOND HAMBURG HAWKOT

ITANDIN

HONGKEW

ILATLO

JOHORE

KOBE

ZOWLOOK

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

.£3,000,000

Reserve Fund

.£3,000,000!

Reservs Liability of Pro-

prietors

.£5,000,000

Agencies, and Branches:

Afor Blar

Toila

Bangos

Ipoh',

Baion

Baurbo

Karachi

Bemarang

Batervie

Klang

Serere has

6. Miskin, Eng,

Bombar

Kobe

Khanstal

Morrison,

Fearos, S.

Calestia

Auditi

Singapor

Confor

Lamper

Sitize

Carap

Surabaya

Cebd

Taiping

Calamba

Manila

Tirhai

Medar

Tookkab

New Joi

(her)

Pelping

造

(Paking)

Yokobani

Harbiy

Pasang

Zurboats

V. X. Graybura, Esq.

Chief Manager.

BRANCH:-

LONDON

LYONK

MALACCA

MANILA

3UAR Jubore)

KULDEN

NEW YORK

PMPING PENING LANHON

HAIGON

SAN FRANCISCO

REALA LUMPUR

SHANGRAT

SINGAPORE

FORRARATA

KUNGE PATANI

TJEETHIN

TOXYO

TRINOTAU

YOKOHAMA

Current Arabunte opened in Local CompaDKY

and Deposita zuradveč for one peo

shorter periods in Local Company and Sterling

De larte which will be quoted on application. Hong Kong, 15th April, 1881.

Delhi

Haiphong

History

Hong Kong

Foreign Exchange und General Banking busines Ermane Cod

Qural RocoeNTE opened And Fixed Deposita! received for on year or shorter perioda at ruler which will be quoted on application.

W. H. E THOMAS,

Acting Manager. Hong Kong, 20th February, 1834.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office Hong Kong,

Authorised Capital

Paid-up Capital

Total Resources ...

$11,000,000 8,655,000 32,170,492

Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking

HONG KONG SAVINGS BANK. business of every discription trans-

The Busines of the abova Bank fo confurt- ed he the HONG KONG AND PILANOTIAL BANKING COMITIRATION." Eulen may be eltained on app!bration.

FOR THE RONO KONO AND SHANGHAI BANKING CORPORATION

V. M. GRATEURN,

Chief Kaunger.

Bong Kong, 214; February, 1954,

THE BANK OF EAST ASIA, LTD.

Authorland Capita

Peidrun Chall

...$ 5,DELMI,50

Beer and Undivided Prolu........ ..$7,415,0.00

BRAD OFFTET. :-FIANO KONG

12. De Ve Rod Central.

BOARD OF DIRECTIES +--

Air Shown Chow, Chaloma

Li Moon Chin, E., P. L. Iwak. Dan

acted.

опе Year Or

Current Accounts opened and Fixed Deposits received for shorter periods at rates which will be quoted en application,

Safe Deposit Boxes (various sizes) for hire.

LOOK POORG GEAR,

Chief Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Depealt them in a Vault

that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of

Tite Feat. Fann China Mirk. F. 14 an Our New building is Specially Con-

Fany. Eaq. Took Ches Bon, Faq. and Ken

TA, Esq.

Ak

Kah Tone Po. Eng., Chief Hasmeer-

El Ten Friss, Eng. Manager.

BRANCHES AND AGENCITOR :-

Manila

Frattle

Bateri

Remarang

Phar

Nagarakl

Reanghal

Palencia

New York

Carton

Analn

TE#iphon

Thrik

Kingspor Bourelays Awntow

Raskor

Bining

Mary

Honolulu

Prane

Talkenbus

Bab Kleen Tonder

Падесия

Tientsin

Kalpr

Tuho

Fan Pacino

Vibrocer

Tokoba

Yatructed to provide all of these Im-

|portant Qualities.

You may

obtain & Safe Deposit Box in this most up-to-date Vault for your own une at a very moderate Ren- tat

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

THE

Every demeripiipa busines Trad. Tres granted on approved meusite.

of Bankies and End AMERICAN EXPRESS COMPANY,

Wed In Loub

Carmig

Ctreal Armenia and Fard Dermita received for noe whnete period in wal and Foreign Current

на

ferma which will be quoted at application.

Rafe Deposit Ames To Tumk

INC.

Head Office: 65, Broadway, New York

KAN FONO PO,

Chial Manikpur,

Tiong Hong, Tet Namh, 1994,

Capital

Surplus Reserves

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:— Talpeh, Fortrom Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formos fen) Notes istuted Avaraga mbuni...Yen. 45.000,

$8,000,000,00 2,087,112.00 1,905,528.32

BRANCHES:-

Belinlerg Caterinken

futt Liverpool Taverne Lugano 1.us.or

Mexico City Kick

Firma

Amsterdam Antwerp Albane Алаварить

chos

Bala Berila

Glang A HAYAND Hamburg H017

Parte

Piping

Bahay

Palermo

Bran

Anturalem

Bethesda

Bruxel

Ilon

Cuing

Flangbai

Calrutta

Салось

We

Hingapor

T'outain

Murillo

Eduburgh Flore

Moute Catle Servite Monica

Thorming Menns Venice Tcholakoa. Zurich

On and after August 18th, 1033, the rate of Interest on Special Carrent Deposit will be at 2% pa. on daily un balance and the rate for balance over $10,000 will be quoted on application. (Maximum rate-1%%%).

LONDON BANKERS

Barclays Bank, Lid.. Lloyds Iisak. Jand. Midland Bank, Fad., Westeninaset Bark, La14

The Bank has Correspondanu in all the princip Communial Center throughout the world.

E. KAGUBA.

Manager.

HONG KONG BRANCH,

The Vox Road Castre). Nong Koog. December 24, 1995.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1860.

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

Yen.122,750,000 |

Head Onces-YOKOHAMA

Branches and Agenda at: Alexandriá Batavia

Berlin

Bombay

(Dalny):

Hankow Harbinge

Nagisa Nagoya New York

Oenke

Puri

Pelping Rangoon San Francisco

(Murden) Rio de Janeiro

Hong, Long

Karachi

Kobey

London

Seattle

Bydney

Tientsin

Los Angeles

Manila

Tokyo Taingian Kingkow

MOH

Internet allowed an uairea

Deposits" received for fixed periods

né zuzan to be obtained on applies

6. FISHINAMI

Manager.

Hong Kong, 19th April, 1984.

Branches of American Express Com States of America and Canada.

in Principal cities of United

pany

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts;

handled,

The Company offers to intending Travelers the use of its "Travelers Cheques" and Letters of Credit and in addition, the world-wide cervices of its thoroughly equipped Travel De Įpartment.

G. H. BENSON,

General Manager.

Is It Insured? ?

Insurance All Classe LOWEST RATES American, Asiatic Underwriters Fed Ine, USA. General Agenta

Head Office, {17, The Band, Shanghai.

BL. Oba 3- Asia Late"

1.Building 20214

Your PRINTING

Commerce and Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS. The following is the list of local

share quotations-issued-to-day:-

Banka.

H.K. Bank, $1790 b.

NEW YORK STOCK

EXCHANGE

S. E. Levy And Co. And A.0.FC. Quotations.

LOCAL DOLLAR.

STEADY.

Silver Prices Decline.

The local dollar, remains steady, opening on demand this morning at 1/64.

Spot and forward silver have de clined %, closing prices yesterday being 21 and 21%, respectively....

The London on New York cross-

rate, which closed at 8-U.S.$5.08%

WALL STREET

CONTINUES TO

CONTRACT BREACH

CLAIM.

BE AIMLESS Mr. JM. da Rocha Given

Little Prospect Of Early Rally.

SILVER RULES QUIET

New York, To-day.

Judgment.

GUARANTOR LIABLE·

Judgment for $9.676.76 and costs was given for Mr. J. M. da Rocha, of, No. 2 Connaught

netion.

There was no material change Road, Central, man on Friday, closed US$5.04% yes- on the New York stock market brought against Tong Shiu-lun, ferday, while the New York on yesterday, and no indication of of No. 108, Queen's Road Cen- New York, Yesterday. London rate, which closed at any early worth-while change. tral, for damages for breach of The following quotations from New £U.S.$5.05, on Friday, closed yester- York have been received by Mesars

18. E. Levy and the American Oriental day at £-U.S.$5.05. n. Finance Corporation.

H.K. Bank (London), $1311⁄2 n. Chartered Bank £164 n. Mercantile Bank, A. & R. 428 Mercantile Bank C, $15 n. Bank of East Asia, $90 s, Am: O. Finance Corp., Sh. $20 D. China O. Fin. Ord., Sk. 4 n. China O. Fin. Pref. Sh. $5 mi

Insurances.

Canton Ins., $290 *.

Union Ins., $545b., $457/54968. China Underwriters, $1.20 b. China Fire Ins., $510 n. H.K. Fire Ins, $250 n. International Assce. $6 n.

Shipping.

Douglas, $40 n.

H.K. Steamboats, $7 n. Indo-Chinas (Pref.), 180 1 Indo-Chinas (Def.), $33 m. Shell (Bearer), $49/47% n. Union Waterboats, $12 b.

Mining.

Du Pont

EXCHANGES

TO-DAY'S QUOTATIONE.

On 'Lonto

On T.T. and demand 1/53⁄41⁄4

J

N.Y./London

Tast Close

Opening Noon 6041⁄2 50414 604%

Cotton-Oct,

Dec. Silver-Sept.

1244 1228 1220

1257

1243 1236

4720

4700. 4716

Do

4780

4780. 4780

Rubber Sept

1433

1418

1416

Dec.

1474.

1450

1432

Wheat-

89%

Dec

91%

· 90%

Corn-Septy

611⁄2

50%

Dec.

621⁄4

59%%

4 months' sight 1/5% Credits 4 months

STOCKS

sight:

1/64

Amer, Smalt...

424

42%

41% On: New York-

Anaconda:

On demand.

37%

Copper.

14% 15

74%

Auburn

23

22

22

Baltimore Ohlo

23% 234

Credita 60 days'

night

2244

38%

J. L.. Case

On Paria

49%

48%

Con. Gas of

On, demand

665

NY.

33% 334

33

Credits 4 months*

88%

87

sight

69711⁄2

El. Bond &

Share

On, India

15

14%

14%

General Motors

30%

30%%%

30% On T.T. and demand 98%

Int. Τ. & T.

12%

124 {On Shanghal---

Mcintyre Por..

4814

47% On demand

109%%

Montgomery W.

27%

274

Nat, Distillers

23%

23

26 On Japan---

N.Y. Central

28

28

274

On demand

124

Socony-Vac.

15%%

15% On Manila-

Stand. of

On demand.

744

** NJ.

43%

4374

Un. Aircraft

43% On Singapore...

18

18

17

U.S. Steel

3854

On demand

63

38%

384

35% On Batavia-

On demand

$44

JU. S. COTTON CROP THIS YEAR

On Salgoo

On demand

562

Langkats (Single) Sh. $211⁄4 n.

SPECIAL TO CHINA MÂTI (By_Telegraph, Copyright, Telegra-

On Bangkok-

On' demand

125%

ing rate

1/6%

21

nom.

NOEL

1% prem

Antamoks, 68 cts. #. Balatocs, $32 n.

Baguio Gold, 36 cta. n. Bergucts, 321⁄2 n.

Benguet Exploration, 20 eta. De Benguet Goldfeld, 20 cts, m.

Big Wedge, 12 cts. n.

Gold Creek, 2 a.

Ipo Mining, $4 n.

Itogone, $7 n.

Kalian, 20/-))},

S'hal Exploration, Sh. 85 n.

S'hat Loans, $9.35 . Rauba, $13.20 n. Venx: Goldfield, $7 n. Docks, etc.

H.K. Wharves $108 b. H.K. Decks, $15 n.

S. China Motors B., $2 n. S. China Motors B., $8 a. Providents (old), $1% b. $1.85 8. Providents (new), $50 cts. n. Hongkews, (old) Sh. $3221⁄2 n. Hongkewa, (new) Sh. $820 D. New Engineerings, Sh. $5 n, Shanghal Docks, Sh. $131 a.

Cotton Mills.

Ewo Cottons, Sh. $11 b. S'ha! Cottona (old), Sh. $72. S'hal Cottons (new), Sh. 342 n. Zoong.Singa, Sh. $11 n. Wing On Textiles, Sh. $57 n.

Lands, Hotels, etc,

H. and S. Hotels, $5.30 b. H.K. Lands 68 n.

S'hai Lands, Sh. $27 n. Metropolitan Lands. Sh. $14 n. Humphreys, $10.60 n.

H.K. Realties, $5.40 n. Asia Realtics "A", Sh. $140 n. Asis Realties "B" Sh.$20 n. Chinese Estates, $86 b. China Realties, 8h. $15% (n. China Debenture, Sh. $137 n.

Pablle Utilities,

H.K. Tramways, $21.10 b. Peak Trams (old), $15 ̧n. Peak Trams (new), $7 n. Star Ferrios,, 3102% n. Yaumati Ferries, $20.65 n. C. Light (old) $8.80 b. 1 C. Light (new) 18.35 b. H.K. Electrics $24. Macao Electrics, $26, n. Sandakan Lights, 38 n. Telephone (old) $24 b

Chini Buses Sh. $18.20 ni Telephone, (new), $12 bi,

S'pore Tractions, 5/- n. Singapore Pref. 18/101⁄2" n.

Industrials,

Malabon Sugars, $12 n. Cald: Macg, Cord); 8h. $21 n. Cald: Macg. (Prof.), Sh$191⁄4n. Canton, Ices, $2.70 n. Cements, $2:86 h, $2.873% sa. H.K. Hopes, $41⁄21⁄2 n.

Stores, etc. Dairy Farms $26:b. Watsons, $5.70 ¤ Der, A. Winga, ŝi n. Lane, Crawfords, $4.40 n. Mackintosha, $21 n Sincera $9 n Win. Powells, 70 cts, n Wing On (H.K.), $100 n.

Miscellanobus, ...

H. Amusements. §4 m.). Entertainments, $71⁄2 n. S.C. Enterprises, $1 im. United Theatres, 8hr $2 n. Maeso Greyhounds, 12. n. Constructions. (old); $1,65 b. Constrictions (new) 70 cia, bộ Ch. Govt. 5% 1925 G. Bonda

H.K. Govt. Loans, 38% % prem, b. Wallace Harpers, in

Gold. River 2614

Govt Loans 4% premi

Westinghouse. „* 36%

phis Messages Ordinance, 1894. Re-Bovereigns bank buy erived July 3, 8.40 a.)

New York, To-day. ¡Bar Silver per oz.

Statistical Bar Silver in Hong

Kong

The International Bureau estimates that the cotton crop will be 10,453,000 bales. Copper Cash Tinited Press, per S. E. Levy and Copper Centa Company.

Lama

J

$27,053,141,414 PUBLIC DEBT IN AMERICA

SPECIAL TO CHINA NÁIL... (By Telegraph, Copyright, Telegra pkie Meuages Ordinance, 1884, Re- ecited July 3, 4.15 a.m.)

Washington, To-day.

Rate of Native Interest 9% pa. Chinese Sub, Coin 80% dis. Hong Kong Sub. Cofn par.

TRADING IN LEAD AND

ZINC FUTURES

New York, To-day. The Commodity Exchange

This zinc futures,

Silver was quiet on the pre-contrast, before His Honour the holiday market, only 56 contract-Chief Justice, Mr. A. D. A. Me- ed. being trade.

Gregor, at the Supreme Court

S. E. Levy And Company's Report this morning.

In their market report, Messrs.

Plaintiff's claim was for dam-

S. E. Levy and Company, corres-ages for breach of contract over pondents for Messrs. White, Weld the sale and purchase of wolfram and Company, New York, state:

ore made between plaintiff, as

"Stocks: The market continues to the buyers, and the Po Hing- be aimless and to drift as the cur-yuen Firm of Canton, as the sell- rent news offers no stimulation. era, delivery of which the defen- While we see little.prospect of any dant guaranteed. earthly worth-while change in the

Mr. L. d'Almada, jr., appeared market, our policy remains to secu- for plaintiff, and defendant was mulate during weakness, particular- unpresented. ly. Inflation issues, such as Metals, Mr. da Rocha in proving his

Oils, etc. Business done: 4,100,000 claims, produced books referring shares.

to the various shipments of wol-... fram ore. He also stated that

are

opened

"Bonds: High-grade Issues very hard to trade but second-grade the transaction, under which his bondo are easier.

claim was made, was his first "Cotton: The market

dealing with the Po Hing-yuen lower, reported rains in Texas caus- firm, and that he had required a ing liquidation on stop-loss selling defendant had come forward as guarantor whom he knew. The While further rains in the Weat might create another reactions, we believe that purchasca are justifiable) Jon sharp bids.

case His Lordship gave

guarantor for this firm.

After a short consideration of

the

costs.

con-

"Rubber: A pre-holiday market. judgment for the plaintiff, with

How-

Quiet. Business dane: 147 tracta.

"Wheat: The private estimates radiator cap

Pleading guilty to theft of a show that less improvement is ex-the property of Dr. Tsang Wal-kit, from car. No. 2087,. pected but it is felt that the mat which was left In the grounds of ket la healthier technically. ever, it requires good support to Kwong Taat, an unemployed Chin- the Tung Wah Hospital on Sunday, advance

and maintain prices. Saturday's sales: 19,481,000 bushels hard labour by Mr. E. W. Hamilton ese, was sentenced to four months" "The private catimates give 408,-at the Central Police Court yester 000,000 bushels for the Winter, and

day morning. 108,000,000 bushels as the average for the Spring wheat."-Reuter.

E. A. Pierce Co.'s Report In their market report, the American Oriental Finance Cor- poration, correspondents for Mesara, E A. Pierce and Company; New York, state:

"Stocks: There is no fundamental change and all markets continue to reflect hesitation and uncertainty over the immediate outlook. Busi ness done: 4,100,000 shares.

"Wheat: Private reports show less improvement than expected The United States expenditures

bos but the market fell flat on large re- for the fiscal year ended, June 80 inaugurated trading in lead and ceipts and the increasing visible totalled U.S.$7,105,050.003.

thereby making supply. The market is healthier figure exceeded income by U.S.43,-available facilities in eight com-technically but requires good sup- 980,496,095, bringing the total pu-modities, including hides, rubber, port to advance prices, Saturday's blic debt to U.S.$27,053,141,414.—silk, silver, tin and copper.-Unit-sales: 19,481,000 bushela. United Press, per S. E. Levy and fed Press, per S. E. Levy and Com-| "Cotton:-Speculative Company.

Ipany.

LATEST QUOTATIONS

New York, Yesterday.

The following quotations have been received by Mesura. 8. E. Levy and Co., & the A.0,F.C.

2

0.31 " 0.33 " 0.33 " 0.85.

46.80 46.80. Up-0.20. 47.30: 47.80

". 0.10 47.80 47.80.

".0.50 48.00 48.00 Off 0.15 48.50 48.85

Up 0,10 49.00 49,00 Of 0.25

13.91 1891 0 0.15 14.18 14.18

June 30, Closing

June 2,

New York Colton:

July October

December

January

March

May (1935)

Spot

Opening

12.22 12.03 12.09 11.00 11.90 12.44 12.28 12.80 12.11 12.12 12.57 12:43 12.43. 12.20 12.27 12.62 12.47 12.48 12.31. 12.31 12.73 12.59 12.60. 12.39 12.40 12.83 12.57 12.68 12,80 12.50. 12.45

12.10.

Closing

Change

Qff 0.82

"0.32

*0.30

New York Silver:

July September

December

January

48.15

46.85 46.60 46.60 47.20, 47.00 47.00 47.80 47.80 47,80

unquoted

March

May

48.25 49.25

New York Rabber:

July

September

December January

March

Blay

New York Silk:

July

September

1.15 1.12. 1.17% 1.15

Décember

1171⁄2 1.17

14.06 13.90 18.90 14.38 13.18 18.20 14.74 14.50. 14.58 1484 14.65 14,66 14.67 14.67 15.03 14.88, 14.00 14.88 14.88

15.00 15.23

15.12 16.12

1.12

1.11 1.13 1.10% 1.15 1.15 1.17 1.16 1.16%

14.55 14.55

0.15 "0.18

"* 0.17

Off .02

#0215 ,01

Winnipeg Wheat:

July

76%

78%

market closed.

December

70%

Chicago Wheats

July

89%

September.

December

90% 91%

New York Sugar:

September

89% 891⁄4 00% 90 01% 91%

1.67 1.66

1.67 1.71 171 1.71 1.80 1.80 1.80

874 875%

884 88% 89% 80%

1.68

Up 0.01

1.72

1,80

0.01 unchanged

68% 584 59%% 60%

04.12 "1%

October

December

·Chicago Corn't

Julh

39% 50% September 61% BORE 60% Detember 62 6161

June 25%.

July 2. New York Metals:du

7.16

Copper, Oct (2,18 Tin Oct.

כו

0.15

demand

weather developments. The Trade bought on the scale down and there was some long selling on weather reports. Some appre henalon over the German aituation, together with a weak Liverpool market, caused prices to give ground.,

"Silver:-Thé market opened barely steady, The July position ruled relatively easy under liquids- tion, following: the issuance of 103 notices. Concentrated buying of September position was in evi dence."

Night TelegraML. "The Standard Statlética' report recommends a switch from United Aircraft and Curtis Wright, and estimates that the Railway Perision Bill as applied to 1938, operating results would increase the cost year- ly per share of Common Stock New York Central by 49 cents, Southern Pacific by 18 cents, Southern Rall- way by $109 and Pennsylvania and Baltimore Ohio by nothing.

(Continued on Page 7)

INTEREST

from

JULY 1ST

ACCOUNTS

started

on or before

JULY 4TH

Draw Interest from July 1st.

START YOUR

SAVINGS ACCOUNT

TO-DAY.

UNDERWRITERS

SAVINGS BANK-

FOR THE FAR EAST INC.

Asia Life Bulking. Hong Kong.

Tel. 30254

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES --- BOUGHT AND SOLD ON COMMISSION DAILY NEW YORK STOCK AND· COMMODITY SERVICE

Memdern

NEW YORK COTTON EXCHANGE. COMMODITY BICHANGE, INC. CHICAGO BOARD OF TRADE CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

↑ ICK HOUSE STREET, HONG KONG

Tel. 20101 and 30108

Address: Balco

1%