1934-08-21 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Teased and Fully Fald-up z

Authorland Capitat

Koverta Punde1–

Ataring

Elite

£1,500,000

$16,500,000

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

1

20.000,00 Incorporated by Royal Charter, 1853.

Panera Bisibly of Froprinior$20,000,000

WRLD OPPICE, HONGKONG.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

.£3,000,000 £3,000,000

Reserve Liability of Pm-

BOARD OF DIRECTORS.

:

prietors

...£3,000,000

Hun, Mr. O, U, B. Mackle

Agencies and Branches:

Chatino,

Alar Har

Hells

Hangon

8. 13, Dell, Esq. Deputy Chairs.

Arasiy Hag

ipah

Faracht

Somet

Balarin

Kiang

hemarahan

Послед

Kabe

Shrozbal

Calents Callo

Kuala

Lumpur:

Dawnpore

Kohima

Cobra

1Columbe

Hanlia

Delhi

Anden

Halphone

adbury

Hankow

Harbin

Bun. Mr. W. H. Dall.

A., Carla, Fay, W. J. Hair, E. 0.0. Bugh, Esq.

AMOY HANGRIK ΠΑΤΑΝΙΑ THESE BAY

CALCUTTA

CANTOS

ו!

GOLOMO DAIREN FOOCHIOW HAIPHONG HAMBURG DANKOW HARKIN

HONOKEW

110110

IPLASE

20UORE

KODE

KOWLARON

6. Si, E.

K. S. Marthon, Faq.

K. Bursa, Esq.

V. M. Gara, Esq.

Chiet Manager.

BRANCHES :-

LONDON

LYONS MALACCA

JANILA

CAR [Jobore)

MUKURS

NEW YORK

PEIRISO

PENANG

MANGOON SATION

SAN FRANCISCO

KUARA LUSIPOR

SUANGHAI

KINGAPORE

HOUDABAYA

SUNDEI PATANI

THIENTHIN

TOKYO

THIS YAO PRIKOLASA

Curl Arounis opied in Local Cutty Fixed Deposita ingulend for nos year OS

en feras which will be quoted as application. shurlar perind in Tomal Chmpany of Starlag

Hong Kong. 1815. April, 1994.

HONG KONG SAVINGS BANK.

The Boatoms of the bore Bank la conduct- Để ly L 1080 EURO AND SHANGHAI BANKINU CORPORATION. But be bilized en apuliration,

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION

V. M. ORAYBURN,

Chiel Manager.

Hong Kong, th Pabruary, 1994,

THE BANK OF EAST ASIA, LTD.

Authorland Capital .....................................$10,000,000,00 Baldupe Capital

Homise and Undivided Tr$2,454,000,00

HEAD OFFICE:--HONO KOKO 12, Da Vreuse Road Central

JMRD OF DIRECTORS-

Fu Khou and Chow, ChalgEL...

Roon Chun. Eur. P. R. Kwok, Eng Wang Lưu Trang, King. Chín Cliar Sara, Fagon Từ In Bang, Esq, Wong Chu Son, Eng., and Ken Ying Jo. Eng.

Дор

Teng Po. q. Clikot Manager, The Fang, Req. Manager.. BRANCHES AND AGENCIES

Melbourne

Benicio

Bamarang

Khanghai

New York

Bingpor

Venka

Nagasak!

Halavi

Bomby Calcula

Caulon

Trong t Hankow Honolulu

Parla

Peiping Радиос

Koba

Bengoan

Kowloon Landou

Saigon

Ba France

„Gourabaya

Bustow ydney Talk Tiestilo Tebya VASCOUTH Yakuberan

Erczy deription of making and Eachaure Budures Bratcted. Loans Rianted on approved

Quarent Accounla opened in Loval Cuntary sad Viard Deposita mceived for a year of aborter parkade in Local and Foreign Currencies

Link which will be quoted on application. Safe Deposit Coser To bet.

KAN TONO PO,

Chist Manager,

Hong Kong, lat · March, 1084,

THE BANK OF TAIWAN, LTD.

Head Office:Taihaku, Formosa, Incorporated in Japan by Special Imperial Charter, 1889.

Central Bank of Formosa, Nótes

issued Average amount. Y.45,000,000

Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shokn, Sinchiku, Taicha, Tainan, Taito, Takae, Tamsul, Teen. China: Amoy, Canton, Foochow, Han-

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

1teny Konf.

Sew York

Pelping

Chuxinal

THAKKE

Singapore Gilla az Boranaya Talping Tienta Tengkeh

Mer

Yet ou ama Zamboanga

Foreign Exchange and snoral Banking businnar | trasunetad.

Curreal nunta opeusd and Fized Deponite! received for one year or alorier periods at caton which will be quoted an application.

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1994.

THE CHINA MAIL, TUESDAY, AUGUST 21, 1934.

and

Commerce

Finance..

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banka.

HK. Bank, $1725 b.

H.K. Bank (London), £135 n. Chartered Bank £1554 . Mercantile Bank,. A. & B £81 n. Mercantile Bank C, E13% 1. Bank of East Asia. $84 n. Am: 0. Finance Corp., Sh. $20 a China O. Fin. Ord., Sh. # n. China O. Fin. Pref. Sh. $5 n.

Insurances. Canton Ins., $200 n. Union Ins. $640 b.

Chinu Underwriters, $1.30 n. China Fire Ins., $510 n.

THE BANK OF CANTON, LTD. H.K. Fire Ins., $245 n.

Established 1912.

Paid-up Capital Authorised Capital

Head Office: Hong Kong.

$11,000,000 8,056,000 Total Resourcen ....

... 32,170,402 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 alzes); for hire.

LOOK POONG KHAN,

Chief Marigot,

SAFETY FIRST!

To Safeguard Your Valuabled and Jewelleries.

OUR

Deposit them in a Vault

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

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

You may obtain a Safe Deposit Box'in this most up-to-date Vault for your own use at a very moderate Ren- Ital

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

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York

Capital

Surplus

Reserves

$6,000,000.00 2,087,112.69 1,995,528.81

BRANCHES:--

Acosterdam

Anless

Dekon Dow

Mitra Nire

Athena

The Hague

Nagla

Aukuna

Istan

Pir

Berive

Hamburg

Paris

Berlin

Bombay

Bremsa

Brussala

Caine

Calcutta Скелю Colsinbo Copenhagos Edinburgh Dublin Flornbor Jenen

ti+ldelberg Interlaken Lorulem Landon Lvrapol

Lucerne

LASTO Martallion

Vienu

Monia Carla

Venlos

Takaha

Manager.

On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% p.a. on daily! balance and the rate for balance over $10,000 will be quoted on application (Maximum rato-1),

Y. OHNO,

Hong Kong Branch

3, Des Voeux Road, Central.

}

THE YOKOHAMA SPECIE

LIMITED.

Established 1880

Lagano

Munich Montreat

Potpu l'alernis Betserdars SIL THE Bhogs: Roo!hampto Stayspora Tieval Tarmins

Zurich

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

BANKAR classes of Commercial Banking

Transactions undertaken.

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

Personal Investment accounts handled

The Company offers to intending Reserve Fund.....Yen.122,750,000 Travellers the use of its "Travelers Cheques and Letters of Credit and, In addition, the world-wide services. of its thoroughly equipped Travel De partment:

Head Office:-YOKOHAMA

Branchea and Agencies at: Alexandria

Batavia

Berlin

Bombay

Harbin

Nagasaki Nagoya New York

Orake Paris Pelping Rangoon (Mukden) Rio de Janeiro

(Dalay)

Hong Kong

Honolulu

Hainking Karachi

Robe

London Los Angeles

Manila Mof! T::

San Francisco

Seattle

Semarang

Shanghai

S

Sydney Tokyo

Tientsin

Tsingtan Yingkow Entersst allowed on Garent Ao-

"Deponits received for fixed periods entes to be obtained on application,

ⱭKISHINAMI,” 47.

Hong Kong, 11th Apr, 1988

C. H. BENSON,

General Manager.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED, (Incorporated in China)

Capital paid up $5,000,000. Reserves

.$7,000,000, Capital Savings Dept. $500,000, Reserve Savings Dept. $600,000. Head Office-Shangbai

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 St. Phone 31431-93

Shipping. Douglases, $40.66 n.

H.K. Steamboats,' $7 n. Indo-Chinas (Prof.), $30 n. Indo-Chinas (Def.), $38 n. Shell (Bearer), $46/10% n. Union Waterboats, $134 n.

Mining.

Antamoks, 60 cts. n. Balatoes, $361⁄2 n. Baguio Gold, 44 eta. n. Benguet consolidated $40 n. Benguet Exploration 19 cts, a. Benguet Goldfield, 20 cts. n Big Wedge, 12 cts. n. Gold Creek, $27 1. Gold River, 24 cts. n. Ipo Mining $2.

Itogons $5 n.

Kailan, 23/6 n..

Langkata (Single) Sh. $171⁄2 n.

S'hai Exploration, Sh. $5 n. S'hai Loans, $6% D. Raubs, $13.10 b.

Venx; Goldfield, $7 t.

Docks, elc.

H.K, Wharves, $118 n. H.K. Docka, $14

b.

WHEN CHINA SOLD SILVER.

America And India Continued Buying.

New York. To-day.

MIXED SENTIMENT ON WALL STREET

Aimless Drifting indicated.

DULL UNDERTONE

New York, To-day. There was a dull undertone on Wall Street yesterday, although the market, generally, was steady with ja predomination of fractional gains, but sentiment was "mixed,

LOCAL DOLLAR STEADY.

Forward Silver Declines.

NEW ADVERTISEMENTS

CUSTOMS NOTIFICATION.

The local dollar remains steady, THE OFFICES and STATIONS opaning

CHINESE 1/6.

CUSTOMS for Kowloon and DI

Spot silver remains steady, while trict will be CLOSED to Public forward allver has declined 1/16, Business on the 27th August, 198€ closing prices yesterday being 21% being a Customs, Holiday, and 21 9/18, respectively.

The London on New York cross- rate, which closed on Saturday at -U.S.$5.09%, closed yesterday at

Spot silver in London closed with indications that the market..$5.084, while the New York on London rate closed at U.S.$5.09, at 21% unchanged, while for-will continue to drift aimlessly as compared with U.S.$5.09% on ward declined 1/13, to close at awaiting some incentive to change. Saturday,

-United Press, per S. E. Levy and 21 9/16.

While America, India, and Company other speculators bought yester-S. E. Lery And Company's Report day. China was selling. The In their market report, Mesora.

market, however, remained S. E. Levy and Company, corres- steady. United Press, per pondents for Messrs. White, Weld S. E. Levy and Company.

and Company, New York state:

"Stocks: The market was again recrudescence of NEW YORK STOCK

activity is expected, unless new stimulus should appear outside sources. Business done:-

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 Messrs.) S. E. Levy and the American Oriental, Finance Corporation. STOCKS-

N. Y./London-

Silk 'Dec.

C. Wheat

Last

inactive and no

270,000 shares.

some from

EXCHANGES.

TO-DAT'S QUOTATIONS.

On London-

On T.T. and demand 1/6%

4 months' sight 1/64 Credits 4 months'

aight

"Bonds:-High-grade issues were unchanged and the market ruled quiet, while second-grade bonds On Parla were irregular.

"Grains: The market is acting better. There la, however, consider- Jable uncertainty and a purely trad On Ladia- ing attitude is suggested. Satur

Close Opening Noon day's sales: Wheat-23,173,000 bus-On Shanghai- hels. Corn-15,046,000 bushels.

On demand "Cotton: Hedging pressure was On Japan:- labsent from the market.

On demand of crop deterioration are continuous. On Manila- There was active short covering and On demand

Reporta

EN. ENSOR, Commissioner of Chinese Custom

Kowloon and District York Building, Hong Kong, 20th August, 1934... |

EXEXEXEYEXEX

gone.

Everything

BUT YOUR

SAVINGS

RENT

1/6%

On New York-~~~-

On 'demand

382

Credits 60 days!

sight

39%

FOOD

CLOTHING

On demand

5772-

HEAT

Credits 4 months'

sight

610

TAXES

On T.T. and demand 100%

WATER

109

Cotton Oct. . 13.07

Dec.

13.12 13.17 13.23 13.28 1.144-----

13.31

CHITS

1274

1.1244

Rubber Sept. 15.56

Der

15.50

15.60

10.00 16.92

16.02

76%

Sept.

1.03%

1.04

Dec.

1.04%

1.04%

C. Corn

Sept

74%

74%

Dec.

70%

78%%

Trade buying towards the close on On Singapore- increasing talk of a high loan value "Rubber: The market ruted dull. Business done:-199 lots"--Reuter, Weather Report

SAVINGS

On demand

641⁄44

On Batavia--

On demand

55%

On Saigon-

W. Wheat

The West half of the Cotton Belt

On demand

574

Oct.

85%-

86%

is more torrid, with the temperature On Bangkok----

Stacks:--

Amer Smelt.

364

38%

in Oklahoma City at 106, but the

On demand

12234

Anac Copper

121⁄4

1214

12

Auburn

19%

heat looks like breaking because all Sovereigns bank buy- the Corn Belt, including the adjacent

ing rate

164

Bult & Ohio..

15

J. I. Case

15% South West is much choler with Bar Silver-per oz.

21%

384

Con Gas

N.Y.

28%

27

winda favouring rains.

Bar Silver in Hong

Du Pont...

88%

894

89%

El Bo & Sh..

10%

11

11

Both the Northern and Eastern Spring belts are very cool.

Kong Copper Cash

nom.

nom.

Gen Motors

29.

28

1% prem

10% 10% 47%

47

22% 22

22/2

184

184

20%

20%

1476

44%

14

44

44%

154

14

35

Providents (old), $1.60 b., $1.651nt Tel.& Tel

Bu

Providents (new), $50 cts. D. Hongkews, (old) Sh. $8121⁄2 m. Hongkews, (new) Sh. $310 n. New Engineerings, Sh.'85 n. S'hui Docks, Sh. $117 n.

Cotton Mills.

Ewoa Cottons, Sh. $11.10 b. S'hai Cottons (old), Sh. $73% 0. S'hai Cottons (new), Sh. $48 a.. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H. and S. Hotels, $5.40. b. H.K. Lands, 353 aa.

S'hai Lands, Sh. $26% n. Metropolitan Lands, Sh. $14 D. Humphreys, $10.40 m.

H.K. Realties, $5.2018.

Asia Realties "A", Sh. $140 n. Asia Realties "B" Sh.120 B.

Chinese Estates, $85 b. China Realties. Sh. $15% n. China Debenture, Sh. $187 n.

Public Utilities.

H.K. Tramways, $2110 b., $21,20

за.

Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% n. Taumati Ferries, 821 n. C. Light (old), $8.80 n.

C. Light (new) $8.30 b. H.K. Electrics, $71% n. Macao Electrics, $25 n. Sandakan Lights, 48 n. Telephone (old) $24.20 n. Telephone (new)-$11.80 m. China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref. 17/- b.

Industrials.

Malabon Sugara, $11 n. Cold: Macg. (ord), Sh. $21'n.. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.70 n. Cements, $2.55 0. HK, Ropes, $4.35, s.

Stores, etc. Dairy Farms, $25.60 n. Watsons, $5.60

Der. A. Wings, $1 n. Lane, Crawfords, $4.50 1. Mackintoshs, $21 n. Sinceres, $10:

Wm. Powells, 70'età. a. Wing On (HK) $108. n.

Miscellaneous.

H.K. Amusements, $4 n. Entertainments, 37% n. S.C. Enterprise: $1,80 b

United Theatres, Sh. $2 n... Macao "Greyhounds," $2 n... Construction (old), $1.80 n. Constructions (new), 78 cts, b Ch. Govt. 6% 1925, GERde

88%%

H.K. Gost 4% Loan 7%% prem.

Gov. 3% Loan 24% prem b. Wallace Harpers, $74 m.

McIntyre .... Mont Ward Nat Distill NY Central Soc-Vaouum Stan Oil NJ

Un Aircraft.

U.S. Steel. 33% 33

West E & M 31

London Prices.

The following telegrams were re-Copper Cents 9ceived by Messrs. S. E. Levy and Rtate of Native Interest 3% pa.

Company through Reuter:--

Chinese Sub. Coln... 28% dis.

19% Favourable factors before the Hong Kong Sub. Coin par. 20% opening of the market were:-The

14% opinion is held that the technical

position favours a resumption of the

advance. According to some broker- WHEAT PROBLEMİ

31% (age quarters there is a distinct un-)

dercurrent of investment demand,

The following Quotations from Lon-which is reflecting the bellef that don were received last night between! 5.30 p.m. and 10.30 p.m.

(Continued from Page 1).

much of the adverse news has been greatly reduced the percentage of Silver Spot 21-5/8 (Last close), discounted. Idle funds are seeking flour milled from wheat and, by 21-5/8 (Last record), unchanged employment.

securing these, a large quantity (Change).

Silver Forward 21-5/8 (Last close), Unfavourable factors were:-A would be diverted to animal con- 21-9/10 (Last record), 1/16 down further decline in industrial activity sumption, and a greater part of the (Change).

is expected this week. Steel surplus stocks would be disposed Silver Report:-America. India and activity in Youngstown is estimated of. speculators bought, China sold. at 22 per cent. of capacity.. Market steady.

·SAVE SOMETHING

START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST, INC.

Asia Life Building, Hong Kong.

Tel. 80284.

Is It Insured?

·Insurance All Classes LOWEST RATES

American Asiatic Underwriter

Fed Ino, UBA. General Agents

De- The French Government attach-Head Office

Gold 188/4 (Last clone), 138/8mand is slack but an improvement led the utmost importance to the (Last record), 1d down (Change). is expected after Labour Day. effective maintainance of the 17, The Band,

Steel Mill activity amounted to wheat agreement, and the success Shanghal (Last close), 5.08-7/16 (Last record), 21.3 per cent, the lowest figure since of the French plans to absorb the 01-1/16 down (Change).

London/New York Rate 5.09-1/2

London/Paris Rate 70.34 (Last the Iron and Steel Institute began bulk of their surplus was deper- close), 76.28 (Last record), 00 down compiling weekly figures last Au-dent upon the adherence of export- (Change).

tumn.

ing countries to an effective sys- Liverpool Cotton-Oct. 8.88 close) 8.81 (Last record). 07 downed to 197, as compared with 312 for

(Last Weekly business failures amount-tem of export quotas. (Change):

Liverpool Wheat-Oct. 5/7-7/8 the corresponding period of Jast He urged a subdivision of the (Last close). 5/9-1/8 (Last record), year.

crop year quotas into quarterly 1-1/4 up (Change).

Sears Roebuck show a net profit periods, and the setting aside of a

London Rubber--Det.-Dec. 7-9/16

SUBDIVISION OF QUOTAS

HK. Ofea

*Asia Life Building Tel. 80234

SHANGHAI RUBBER SHARES.

Latest Quotations.

Messrs. Carroll, Broa, have receiv

(Last close), 7-1/2 (Last record), 1/16 amounting to $6,808,000 before of the world demand as a reserve ed the following cabled quotations for the first six months of 1934 certain percentage of the estimate down (Change).

London

in of Shanghai Rubber, shares, Price

Rubber Oct-Dec. 7-5/8 Federal Taxes are deducted, as com-allocation which should remain (Last close), 7-5/8 (Last record), un-pared with $1,620,000 last year.

the hands of the Wheat Advisory in Shanghai Dollars change (Change).

A Stock Exchange seat has been Committee. A forecast from London on the pro- bable trend of the New York market sold for $35,000, which. price is, un- states:-

changed from the previous.

These proposals were generally supported, and the Committee set "Little revival of any active interest Brooklyn-Manhattan transit has up a drafting sub-committee to is anticipated on Wall Street owing to declared a dividend of 75 cents per bring together all generally accep·· repeated threats of labour disputes and),

share which is the first dividend table proposals before the Com- since April, 1932:

the uncertainty still surrounding the Administration's policy.

Anglo Javas Anglo Dutch -Chemorn

Consolidatedis

.Sh.39.75 --

7.10 +88

4.00

...mittee. The sub-committee will

Java Consolidateds Kroeweeks..... Tanah Merahs. Tebonga

1.80

76,

2.0214

On the commodity markets higher. According to the National. Retail report to-day-British Wireless wheat prices are expected, but it le Dry-goods' Association, American Service. will be an unsettling factor; in cotton,

possible that the relaxation of tariffs merchants in most parts of the higher prices are due. The spot basis country expect a ten per cent. gain is the highest for the season.

The in the value of the Dollar In the re-

strike is a menace to the market. Inftail trade during the months of rubber, little lower prices are expected.September, October and November,

sa compared with last year.-Reu-| terte

LONDON EXCHANGES.

London, Yesterday.

Paris

New York

76 11/82 5.09.

Montreal

· 4.86%

Geneva

· Brussels ...

15.41 21.42

Amsterdam

7.42

Milan

Stockhol

Dalo.

BerlinTM Prague

58,21/82 19.89%

19.90%

12.72

121%

Buenos Aires

86%

Copenhagen Vienna

22.894

4% 88

Rio

Montevideo Hong Kong (N.B-Some of the

Bellera Om

The market is dull, but the undertone is steady. Fractional{ gains predominate, but sentiment is mixed with indications that the market will continue to drift aim-i lessly, awaiting some incentive.

The publication. of the Steel Institute estimates that mill last week was 21.5 per cent. of capacity. The magazine says that slackness of buying

Continued on Page 7)

SILVER PLAN DISCOUNTED

Washington.

to dayAdminis tration officials have discounted the anges possibility of revaluing bliver at 2.18] achieve a 16 to 1 United Press, er

and the effe ratio with gold.

missed owing to bad atmospheric B.E. Levy, and conditions).

! Ziongbes

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES

BULGBT AND SOLD ON COMMISSION DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS, FOR WHITE, WELD & CO. NEW YORK

JOE HOUSE STREET, HONG KONG

80101 and 80103

Tel Address: Baler

-.65 9.76