1934-08-14 — Page 6

+

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Atbord Crafti

Issuer and Fully Paid-up

Baserro Fundaz --

Starling, men samt

·Būres

Reserva Limbuity of Proprietors

TEAD OFFICE: HONGKONG,

1ARD UP DIRECTORS, Hon. Mr. G, . 8. Mackle Chairman,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1883.

HEAD OFFICE: LONDON

Reserve Liability of Pro-

...............$5,000,000

90,0000

£6,500.00

$19,000,000

$25,000,000

Paid-up Capital

.£3,000,000

Reserve Fund

.....£8,000,000

prietors

..£3,000,000!

Agencles and Branches:

Alor Star

flaila

Tangoo

Amritsar

Ipoh

Faigon

Bangkok

Karch

Seinnrang

Baltis

Klang

Beremba

K. S. Morelion, Esq.

Doinbay

Babe

Fhanghai

Calculie Genton

Xaris

Kingapor

Lumpur

Bitiawan

Cappare

Kuching

Baurei

Cebu

Taiping

L'alom be

Stand

Tientais

Medin

Tongkah

Fistphong 11amburg

New York

thuha

Pafplas

Tsingtao

(Paxina) Ready

Tokuhame Zamboang

B. H. Dawn Exq

Deputy Chairs.

Hon. Mr. W. H. Ball.

A. B. Compter, Esq.

W. I. Koswick, Eag

a. C. Zuight, Esq,

AMOY

BANGHOR

BATAVIA BREMBAY CALCUTTA CANTON CHEFOO COLOSI FUS

DAIREN FOOCHOW DAIPIONO EAUBONG HANKOW

DONGKEW

BARDIN

LOILO

IPOH

JOHURE

TOBE

BOWLOUN

*. Strokin, Erg.

7. P. Feator, Eng.

V. M. Anyburn. Eee.

Chief Stanger,

BRANCHES

LUSION

HALAIVA

MANILA

MEAL (Johore)

MTKDEN

NEW YORK

PEIPING PESANO

RANGOON

SATUR

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE

PRABAYA

HUNTEI PATANI

TIESTSIN

TORTO

TSINGTAO

ТОКОНАМА

Curreal Accounts opened to Local Currese and Pized Deposits received for end your of aborter period is focal Company sed Staring per tezuria which will be quated an application. Hong Kong, 10th April, 1934.

HONG KONG SAVINGS BANK.

The Business of the above Bank is conduct ad by the HONG KONG AND SBANGUAL BANKING CURFORATION,

blature of spleniton.

itules may b

FOR THE HONG KOND AND SHANOMAL

BANKING CORPURATION

V. 31, GRAYBURN,

Chial Hanger.

Hong Kong, th February, 1991.

THE BANK OF EAST ASIA, LTD.

Authorised Captai

Paid-up Capill

$10,000,000,00

Brand Undivided Prosta $7,414,000,00

HEAD OFFICE-HONOXOXO

12; De Ve Bend Gontzal,

DARD OF DIRECTORS- Bit Shou-son Chow, Chaima

Koats Chun. Pag., P. E. Kwok, Ex Wong Yua Tong. E. Chan Ching Shel, Esq., "Là Léa Beng, Eng. Wong Chu Res. Eng. and Kan Ting

Eng.

Andy

Batavie

En Tong Pa, Esq. Clitet Senger.

I. Tas Four. Eng, Massager

DRANOBES AND AGENCIES:-

Venila Melbourna Мадиний

Seattle

Bombay

Clutto

New York

Gamazan

benghal Hingspore

Canton Halphoot

Lisak

Farle

SWLLOW

Priming

Berand

• Reaquon

byjnej

hakta Tiantato

Salgou

Hosaiviu

Kowloo

Eoba

LoadDe

Ban Francisco

Tokyo Yokoham

Every description of Bucklog and Exchange Loen granted on approved Budine aéted. sacurities.

Curreports recoited for one you! Or

sad

shener parifi in Local and Foreign Currencies sters which will be quoted on appilation.

Bale Dep Sores To Let.

KAN TONG PO,

Hankow Harbin

Foreign Exchange and General Banking bovinesa transacted,

CHWAL Aesounts opened and Plved Daponita. russitud for one your be shortar perioda si ratos. which will be quoted on application,

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1984.

THE BANK OF CANTON, LTD.

Established. 1912.

Head Office:-Hong Kong. Authorised Capita! Paid-up Capital Total Resources

$11,000,000!

8,655,000 82,170,492

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

Foreign Exchange and Banking business of every discription trans- acted..

Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes)

¡for hire.

LOOR POONO SUAK.

Chief Manager,

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really:

FIRE - PROOF BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deport Box in this most up-to-date Vault for your own use at a very moderate Rea- tal.

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

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York

Chie! Manager.

Hong Kong Ist March, 1994.

Capital

Surplus

Reserves

THE BANK OF TAIWAN, LTD.

Head Office: Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899,

Central Bank of Formosa, Notes.

Amsterdam

Antwerp

Athana

Asuan

issued Average amount Y.45,000,000 Bea

Branches and Agencies,

Japan:-Kobe, Osaka, Tokyo, Yoko- hams, Keelung, Makong, Nanto, Shoka, Sinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen. China:Amoy, Canton, Faochow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

On and after April 20th, 1934, the rate of Interest

$6,000,000.00 2,087,112.59 1,995,528,81

BRANCHES:-

Genos

Olas rom...

The lingue

Kerans

Kamborg Haris

Ма Nic Naples Pinave Paris Potpin

Haidalberg Talarma

Interlake

Jerusalem

Berlin

Bombay Brea

Brass's

Calza

London Livarposi

Lucerna

Calou!! CRODER Ealom be

Luguno

Luzo

Maralilor

Bittor DAFON Shingun Sonthat prom Bangord Tientafu

Copenhagen Dublin Edinburgh Florence Genera

Monte Carlo

Manila

Thoestina Viepe Venice Yokohama

Munich

Zurich

Montreux

on Special Current Branches of American Express Com-

Deposit will be at 14% pa. on daily pany in Principal cities of United balance and the rate for balance over States of America and Canada. $10,000 will be quoted on application (Maximum rate-14).

Y. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central..

All classes of Commercial Banking Transactions undertaken.

THE CHINA MAIL, TUESDAY, AUGUST 14, 1934.

Commerce and Finance..

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of local | share quotations issued to-day:

Banks,

H.K. Bank, $1695 n.

H.K. Bank (London), £135 n, Chartered Bank £15% n. Mercantile Bank, A, & B 231,. Mercantile Bank C, £13% n. Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 n.j China O. Fin. Ord., Sh. #4 n. China O. Fin. Prof. Sh. $5 n.

Insurances,

Canton Ins., $290 ¤, Union Ins., 3535 n.

China Underwriters, $1.30 b. China Fire Ins., $510 n. H.K. Fire Ins., $260 n. International Assce. $6 n.

Shipping.

Douglases, $40.65_n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $83 m. Shell (Bearer), $47/6'n. Union Waterboats, $13% n.

Mining.

Antamoks, 59 cts. n. Balatocs, $361⁄2 n. Baguio Gold, 44 cts. n. Benguet consolidated $40 n. Benguet Exploration 19 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 12 ets. n. Gold Creek, 82 n. Gold River, 24 cts, n. Ipo Ming $21⁄2 b.

Itogone $5 n.

Kailan, 22/6 n.

Langkate (Single) Sh. $21 n.

S'hai Exploration, 8h, 85 n. S'hai Loans, $61⁄2 n. Raubs, $18.40 m. Venx: Goldfield, $7 n. Docks, etc. H.K, Wharves, $113 n. H.K. Docks, 813% b. Providenta (old), 1.65 b. Prayldents (new), 850 cts: n. Hongkews, (old) Sh. $3123% n Hongkews, (new) Sh. $310 n. New Engineerings, Sh. 35 n. S'hai Docks, Sh. $125 n. ̧*

Cotton Mills. Ewos Cottons, Sh. $10.85 b. S'hai Cottons (old), Sh. $78. n. S'hai Cottons (new), Sh. $434 Zoong Singe, Sh. $11% n. Wing On Textiles, Sh.$68 n.

Lands, Hotels, etc.

H. and S. Hotels, 35.65 m. H.K. Lands, $55 sa.

S'hai Lands, Sh. $25 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.40 n.

H.K. Realties. 351⁄2 n.

Asia Realties "A", Sh. $140 n. Asia Realtics "B" Sh.$20 n. Chinese Estates, $85 b. Ghia Realtles, Sh. $15% n. China Debenture, Sh. $197 n.

Public Utilities. H.K. Tramways, $21.10 88. Peak Trams (old), $15 n. Polk Trams (new), $7 n. Star Ferries, $1021⁄2 n. ̧. Yaumati Ferries, $214 n.

·C. Light (old) $8.90 a. C. Light (new) $8.30 b. H.K. Electrica, $71 s. 871

$71% 88. Macao Electrics, $25 sa.

Bandakan Lights; $8 n. Telephone (old) $24% 8. Personal Investment accounts Telephone (new) $11.80 n. handled,

China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref, 17/: h

Industrials.

The Company offers to intending THE YOKOHAMA SPECIE BANK Travellers the use of its Travelers Cheques" and Letters of Credit and, in addition, the world-wide bervices of its thoroughly equipped Travel De partment,

LIMITED.

Established 1880

Capital (fully paid-up) Ten.100,000,000 Yen.122,750,000 Reserve Fund

Head Offre YOKOHAMA

Branchea and Agencies at:

Alexandria

Batavia

Berlin Bombay

Calcutta

Sin (Dalny)

Fangtien (Mukden)

Kons

Hong Honolulu

Halaking Hi Karicha Kobe London

Los Angeles

Nagasaki Nagoya New York Danks Faria Pelping Rangoon Rio

Je Janeiro San Francisco

Somarang

Shangha

Singapore Soerabaya

Sydney

Allowed on

C. H. BENSON,

General Manager.

Is It Insured? ?

Insurance All Classen LOWEST RATES; American" "Asiatic Underwritérs Fed. Ino, „USA. General Agents:

Head Office

PRINTING

TRVICE

BEK. Offca

"Building

b..

Malabon Sugars, 711 1. Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Préf.), Sh.$191⁄4n.

· Canton: Ices, $2,70 m. Cementa, 12.55 8. H.K. Ropes, $4.60 n.

Stores, etc. Dairy Farms, $25 Watsons, 65.70 b.- Der. A. Wings, $1 n. Lane, Crawfords, $4.80 n. Mackintosha, $21. Sinceres, $10 n. Wm. Powelle, 70 cta- n. Wing On (HK):$108 h.

Miscellaneous,

HK Amusements, 34 m. Entertainments, $7 n – 8.0. Enterprises, 151.g

United Theatres, Sh. 12 n. Macão. “Greyhounds,” $2. n.

[WALL STREET

ANTICIPATES

EXCHANGES.

TO-DAY'S QUOTATIONS. On Londen

On T.T. and demand 1/6

4 months' sight. 1/6%

sight

Credits 4 months'

1/64

On New York--

On demand

38%

Credits 60 days"

sight..

39%

On demand

572

Credits 4 months'

Bight

605

DULL TRADE On Paris

Undertone Fairly Steady.

INCENTIVE LACKING

On India-

On T.T. and demand 99% On Shanghal-' On demand

.. 109%

On Japan:-

On demand On Manila-

On demand

The undertone of the New York market was fairly steady yester day, with minor fractional losace predominating. Meanwhile, with Oh Singapore incentive lacking, a dull market is On demand anticipated with prices fluctuating On Batavia- in a narrow trading range.-Unit- ed Press, per S. E. Levy and Com-On Saigon

On demand

pany.

126

76%

63%

On demand

651⁄2

57

123%

S. E. Levy And Company's Report On Bangkok-

On demand In their market report, Messrs.

ing rate ..... *1/0%

S. E. Levy and Company, corres-Sovereigns bank buy- pondents for- Messrs. White, Weld and Company, New York state:

"Stocke-Buyers are

Bar Silver per oz.... 21 9/16 Inclined Bar Silver in Hong

not to reach up to the present levela.

Kong Copper Cash

LOCAL DOLLAR STEADY.

Forward Silver Advances

The local dollar" remalna steady, opening on demand this morning at 1/6%

Spot silver remains steady, while forward, silver has advanced 1/16, closing prices yesterday being 21 9/14 and 21%, respectively.

The London on New York cross- rate, which closed at £U.S.85.09 on Saturday, closed yesterday at U.S.$5.10%, while the New York on London rate closed nt [£U.S.$5.10%, as compared with

U.S.$5.11 on Saturday.

GENERAL NOTICES.

MAMAK-HOCKEY TOURNAMENT.

THE THIRD ANNUAL GEN- ERAL MEETING will be held on FRIDAY, 17th August, 1934 in St. Andrew's Church, Hall at 6.30

p.m.

Representatives, members of clubs and all interested are invit- led to attend.

P. J. BARLOW, Hon. Secretary.

THE HONG KONG LAND INVESTMENT AND AGENCY CO., LTD.

NEW YORK STOCK A ONE DOLLAR AND FIFTY

EXCHANGE.

S. E. Levy And Co. And A.O.F.C. Quotations.

New York, Yesterday, The following quotations from New York Have been received by Mesara. 8. E. Levy and the American Oriental Finance Corporation.

Business, done:-810,000 shares. Copper Cents

Be-Rate of Native Interest 8% pa. "Bonds:-High-grade and cond-grade issues together with Chinese Sub. Coin....28% dis. Government bonds were all armer.Hong Kong Sub. Coin par.

SP OPTIMISM AGAIN ON Sept.

WALL STREET.

"Cotton:-The market is proaching a period of increasing hedge-selling and we suggest a cautious trading "attitude, confin-

ing purchases to sharp recessions. Faints Signs Of Business w. Whent

"Rubber:-The market

con.

tinues hesitant. New committ- ments are limited and a new buy- ing stimulus is needed.

Business done:-592 lots:

Increases.

Lank

Close Opening Noon

5.11% 5.10 5,10

.

13.45 19.44 18.49

:

N INTERIM DIVIDEND of

CENTS per share for the six. months ended 30th June, 1984, wit be payable on TUESDAY, 28th- August, on which date Dividend- Warrants may be obtained on appli- cation at the Company's Offices, 3. Chater Road.

NOTICE IS HEREBY GIVEN that the REGISTER OF SHARES of the Company will be CLOSED- from THURSDAY, 16th August, to MONDAY, 27th August, (both days inclusive) during which period no transfer of shares can be registered. By Order of the Board of Directors.

L. S. GREENHILL.

Secretary,

Hong Kong, 7th August, 1984.

Everything

nom..

nom.

{N.Y./London

don ¡Cotton Oct.

Dec.

13.80 13.61

13.83

1% prem.

Silk Dee,

1.18%

1.16

Rubber

Sept.

-15.08 16.58

15.72

Dec.

16.11

18.18

C. Wheat

1.04

1.034

Dec.

1.07

1.06

C. Corn

Sept.

76

Dec.

79

784

Oct.

87%

87%

¡STOCKS:~~

gone.. BUT YOUR

Amer Smelt.

87% 38

38%

Anne Copper

13%

12%

13

184

1944

SAVINGS

15% ----

154

39

39

27%

27%

27%

RENT

80

89%

11%

11

11%

29%

2914

30%

FOOD

9%

10

49.

48%

CLOTHING

22

224 22

1874 184

19

2014

20%

20%

HEAT

14

144

.14%

43%

43%

44%

16

15张

10%

TAXES

33

31

84

$2

WATER

SPECIAL TO CHINA MAIL.. (By Telegraph, Copyright, Telegra- Auburn phia Messages Ordinance, 1804. Re Bait & Ohio "Grains: The impaired techni-ceived August 14, 9.16 am.)

New York, To-day. 3. 1. Case ... cal position of the market is be-

Wall Street optimisin is over-Con Gas NY ing gradually corrected and we

El Bo & Sh. would be bullish for the long pull. coming the gloom, and faint signs Due Pont... 51.076,000 of business increases can now be Gen Motors. Saturday's sales:

lobserved. Favourable market fac- Int Tel & bushels.

Tel the tors are the sharp advance in con- "Steel mill production for

McIntyre Mont Ward. week was 22.3 per cent of capaci-¡struction contracts and the fact that

the cinema industry expects a sea-Nat Distill jty,

NY Central An unfavourable factor is the Soc-Vacuum

4

"Business failures for the week gonal rise. amounted to 209, compared with 349 for the same week in last Youngstown district steel opera Stan Oll NJ

Un Aircraft tiona being at 22 per cent, as against

VS. Steel i ¡year.

"A seat on the New York Stock 89 per cent. last week, due to the west E & M Exchange has been sold for $95,- shutting down of the Carnegie mills, 000, which is unchanged from the United Press, per S. E. Levy and

Company. last price paid.

"Dodge construction

contracts

in 87 Eastern States for July amount to $119,699,000, compared with $88,554,000 for July of last

year.

SPIRIT IMPROVĖS

81% 91 London Prices.

The following quotations from

London were received, last night be tween 5.30 pm, and 10.30 p.m.. Silver:-

New York, later. :

Silver Spot 21-9/16 (last clore). The stock market spirit has im- 21-0/16 (last record), unchanged

Favourable factors proved.

are (change). that automobile sales continue to Silver. Forward 21-7/16 (last close), increase, and

that the drought 21-1/2 (last record), 1/16 up (change). "Goodyear Tyre and consolidat-situation has improved.

Silver Report: America and, India bought. China sald. Market stendy. ed Companies showed a net prot Unfavourable factors are profit-Gold 186/14 (last clase), 138/8 for the Arst six months of this year of $2,617,000; compared with taking an commodities and the de- (inst record) 1-1/2 up (change). $561,000 for the first six months pressing rail earning reports. dose), 5.09-7/8 (last record), United Press, per S. E. Levy, and Company.

of last year."

Weather Report.. "Cotton-In the West half of the cotton belt, drought conditions are unrelieved and the weather la still torrid.

Grains:-Hest-wave) conditiona are still being experienced in the Southern part of the corn-belt. Conditions in the Northern and Eastern sections have been much relieved, but the weather is again. warming up. The North-Western part of the United States is clear and warming, but the weather in the Canadian wheat belt is cool and unsettled.

cooler weather."

STOCK PURCHASE

ADVISED.

:

Opportune Time For U.S. Investors.

· BONDS' OUTLOOK GOOD.

London/New York Rate 5.09-5/8

1/4 up (change). London/Paris

(last Rafe 70.28 close), 78.34 (last record), 06up (change).

Liverpool Cotton-Oct. 7.05 (last

close), 6.99 (last record), .08 down (change).

Liverpool Wheat-Oct 6/1-3/8 (last close), 5/11 (last record), 2-3/8 down (change).

7-5/8

London Eubber-Oct-Dec. (last close), 7-9/10 (last record), 1/16 down (change)

London Rubber-Oct-Dec. 7-11/16 (last, close), 7-11/16 (last record), un- change (change).

London Forecast

A forecast from London on the prob- able trend of the New York markets&

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright; Teleprae states: phie-Mersages Ordinance, 2898, Be

Wall Street is expected to open dull The temperature reached: 106 in

lowing to the lack of any definite-plan Oklahoma City and 702 in Kansas

New York, To-day.

Fee of a nation on the part of the Pre- City. The forecast is for possible The "Brookmire business fore-sident

cast recommends, the purchase of On the commodity markets Chicago Market Prospects

stocke. It statea that either busi wheat is expected to open easier owing August 14, 1984-

ness will increase in the Autumn or to unfulfilled, selling orders, and in The following telegrams from an Inflationary programme will be little change in rubber is expected. sympathy with the Winnipeg market; New York were received by

Cotton prices are expected to recovar, Messrs. S. E. Levy from Rauter Inaugurated.

The noted economist, Mr. Roger subject to the grain markets, for which Favourable factors before the Ward Babson states that stocks reassuring Government statements are opening of the market

are most attractive at the present

ceived August 14; 9.30 am.) - with very quiet conditions prevailing,

The action of the market in face prices Any reaction should be of the catback in leading, staples regarded as a favourable oppor is construed as encouraging. The tunity to add to holdings, he de publication of the Steel: Institute clares. He predicts a favourable estimating a gain of one point in

outlook In bonds. United Press. mill activity last week and reports

per S. ELevy and Company. of the return of numerous small miscellaneous buyers to the marr ket.

Unfavourable factors were The weakness of Government strikes and threats of further la bour disputes and heavy melting of steel scrap which has declined 50 cents per ton in Pittsburgh

The undertone of the market fairly steady with mino ál: losses, predominati while, with Incentive

tion (old); #13⁄4 Babae dull mark

(new) 78 cts. b prices fluct ting"

Tov5% 1925 G3Bda

Govt 4% Loan 7% 1

trading.

SHANGHAI RUBBER 21 SHARES.

Latest Quotations.

Messrs. Carroll Brok, Have Just received the following cabled quota-| tions of nghai Rubber Shares:

Anglo

98 $9.60

Anglo Tuto Chemo

CHITS

SAVINGS

SAVE SOMETHING

START NOW.

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC.

Aziz Life Building,

Hong Kong.

Tel. 80284.

THE SHANGHAI COMMERCIAL SAVINGS BANK LIMITED.

(Incorporated in China), Capital paid up....35,000,000. Reserve fand

Capital Savings Dept, $600,000. Reserve Savings Dept. 8600,000. -

· Read "Offsce-Shanghai

A Bank having as its mission the Industrial development of China and the fostering of Her commer- cial relations abroad, Hong Kong office-7 Ice House Bt. Phone 31481-2-3 | 201

Tel. "Shacombank”

S. E. Levy & Co.

·L,",,";,""ནོ།

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

WHIT

TAL 30101 ind 3010

9.25

Members:

COTTON EXCHANGE EXCHANGE, INE. DARD OF TEADA

FOR

YORK

BONG KONG