1934-09-13 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Awakörlied Capital ... $20,000,0ỤN hwad and Fully Pop

1401,000,000 Basert Funda ( ---

£4,00 ",。iw« $1f£t*G,UG

Becerro Idability of Proprietore $21,000,000

TEAD OFFICE: HIÓNOKONO,

BOARD OF DIRECTORS,

Ho Mr. C. 6. N. Shackle

Cheirinna,

9, . l, Ex Deputy China)

Ma.fr, W. H. Bat.

Comptou, Eq. W.J. Kawick, Eng.

C. Knight, Erg.

AMOY

MANUKOK

BATAVIA

BOMBAY CALCUTTA

CANTUN

CHEFOO

COLOMBO

DAIREN

POOCHEW HAIPHONG

JEAMBUIL ANHOW

HAMBIN

HONGKEW

ILOILO

ДРОН

JOBURE

KUBX

FOWLOON

6. Maskin, Fag

K.. Morrison, Pag-

1. F. Parys, Eng.

Y. M. Grayhuền, Erg.

Chilei Staunger.

BRANCHEN:

·

LONDON

LANS

SELECA

MAMLA

SELARL Linkore)

MULDEN

NEW YORK

PLIPINO

PENASU

BANHOOS

PAIGOS

BAN FRASCINCO

KUALA LUMPURIL

SEASONAL

SINGAPORE TOGRABATA

SONGEI PATANI TINTMEN

TORTO

ININO FAIL

Roll&A

Curren Aroute aprijed ja focal Currency sa. Fized Deposits received for bile your or shorter yerle su ot Company and startina serms welch will be quoted on application. Hong Kong, th April, 1604.

HONG KONG SAVINGS BANK.

The Buscan of the abura Bank is conduri ad by the 110NG KONG AND SHANGTIAL BANKING CORPORATION. Bules may be strained un appication.

FUS THE jusu KONO AND SHANGHAI BANKINU UMRPORATION

V. 3. RAYNURN,

Chist Manager.

Hong Kong, 2316 February. 1934.

THE BANK OF EAST ASIA, LTD.

kuthorland Capital

Paid-up Capital ............

Born and Undivided! I'raße:

$19,000,000.00!

FICK HONG KONG

HEAD OFFICE:

12. De Voor Road Central

BOARD OF DIRECTORS :--

Si ho Chow, Chairma

2,5,ALI

2, 4794,0039.00)

Loop Chuo. Ex. 7. K. Kwok, Ew. Wong Yun Tobg. Erg.. Don Chlog Kirk, B. La n Base, Wong Chu Son, Bag, and Ka Ting Fa. Eng.

Baarla

Kau Ting Po. Eny. Chile! Manager.

Li The Fong, Esq., Manager.

BRANCHES AND AUENCIES !

ורנו

braith

Caterwar titanghal Blogspore bourabaya Exatam plary Taiboku

Amoy

tania Melbour

Bombay

Kinga-aki

Calcutta Canton Haiphong Baakon Honolulu Kobe

New York Onk

Piping

Penns

Fiagnos Saigon

Tisateta

Takya

Framera

*annover Yokohama

Kowloon London

Every description of Ranking and Exchange Business tenameled.

gled po kuptured)

curl.

Local Currency

Current Aresent opred sad Fixed Deposita runired for one y shorter periods In Local and Foreign Currenclas

term wich will be quoted on application. Bate Depot Sazes Ta Loc.

KAN TUNG PO.

Tiong Kong, Tal !ech, 1934.

Chiat ilanagar.

THE BANK OF TAIWAN, LTD.

Head Office:-Talhoku, FormoSE, Incorporated in Japan by Special Imperial Charter, 1809. Central Bank of Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies,

Japan: Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Sinchiku, Talchu, Tainan, Taito, Takao, Tamsul, Toen. China: Amoy, Canton, Focchow, Han-

kow, Shanghai, Swatow. Others Bombay, Hong Kong, London.,

New York, Singapore, Batavin, Samarang, Soerabaya, Dairen. Ou and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1%% pa. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1).

Y. OHNO,

Hong Kong Branch

Manager.

3, Des Voeux Road, Central.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

..£3,000,000 £9,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Dranches:

Alor Star

foils

Bangoos

Amtitear

pak

Falgan

Flangko

Karacal

Semarang

- Kisne

∙Bockbay

Robe

Calrusta

Stan Shanghai Bleypore

Conta

Longur

Саидроте

Kuching

Cabi

Star

Colombe

Munka

Dalki

Med

Haiphong

New York

Ratbura

Patrio

Hank

tarlin

starina Yenbur

(Baker) * Eng Yakokume Kadarenge

Liang Hong,

THE YOKOHAMA SPECIE BANK| LIMITED.

Established 1880

Биво Houtabaya Tapiox Tientsig Tangkah

Foreign Exchange and General Banking busines Traquarted.

Currant, Accounts opmed and Fixed Deposits receled for non pune or shorter perioda 1 ratas which will be quoted on application.

W. H. E. THOMAS,

Acting Manager, Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.

Established 1912.

Head Ofce-Hong Kong.

$11,000,000

8,655,000 32,170,492

Authorised Capital Paid-up Capital Total Resources Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

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

or

Current Accounts opened and Fixed Deposits received for

one year shorter periods at rates which will be quoted on application,

Safe Deposit Boxes (various sizes) for hire.

LOOK POONO SHAN,

Chiel Manager,

SAFETY FIRST!

To Safeguard Your Valuable. and Jowelleries.

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 Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- tal.

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

.U.S.$8,000,000,00 2,087,112.69 1,095,528.31

BRANCHES:

Amatarlam

Antwerp

Athons

tizno Bilago *Thing

ARSUGA

ten) Berlia

[lombay

Kataburg Lame Heidelberg

Milea Nico Naples Please Partn Pelpin Fairmo

Веернет

Brusale

interinke Jerki London Livetpeal

irtlerden [cra Shingha

L'ita Celestia Cate

Color

agen deborah

Publio

Place Cater

Lucice Lugcao

Luky

Marseille

Monte Cari

Stavile

Suvich

For harapton Slopp Tienta Taormina Vienas Varina Takobama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Persona 1 investment accounta handled.

The Company offers to intending Travellers the use of its <<"Travelers | Capital (fully paid-up) Yen.100,000,000 Cheques" and Letters of Credit and. Yen.124,250,000 in addition, the world-wide services Reserve Fund

of its thoroughly equipped Travel De- [partment.

Bead Office:-YOKOHAMA

Branches and Agencies at: Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Nagnanki

Nagoya New York Osaka Paris Poiping Rangoon

San Fra

Fengtion (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Tong Kang

lalu

ing

Francisco

Seattle Samprang Singapore

Soerabaya

Sydney Trentain Tokyo Taingtau Yingkow

Uzrent 40- Vixed reriods application AMI~~

Manager,

1934.

THE CHINA_MAIL, THURSDAY, SEPTEMBER 13, 1934.

NEW YORK STOCK MOVEMENTS

Commerce and EXCHANGE

Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks.

H.K, Bank 1720 b.

H.K. Bank (London), £136 n. Chartered Bank 915 n Mercantile Bank, A. & R. £30% Mercantile Bank C. £13.

LOCAL DOLLAR STEADY

Silver Prices Decline

The local dollar remains steady, opening on demand this morning at 1/62.

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.

Last

·

Close Opening Noun 501% 501 500 NY./London Cotton Dec. 1318

Mar.

1330 111

1912 1312 1325 1324

Silk Dec, Spot and forward silver prices Rubber Dec. .. 1608

Mar.

* n. have declined a further 1/16, clos-

Bank of East Asia, $83 n. Am: 0. Finance Corp., Sh. $20 u. China O. Fin. Ord., Sh. $4 ¤. China 0. Fin. Pref. Sh. $5 p.

Insurances.

Canton Ins. $290 n. Union lus., $510

China Underwriter, $1.15 n. China Fire Ins., $510 n. H.K. Fire Ins., $245 n. International Assce. Sh. $8 A.

Shipping.

Douglases, $10% n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 a. Indo-Chinas (Def.). #33 m. Shell (Bearer), 47/G . Union Waterboats, $134 .

Mining.

Antamoks, 63%1⁄2 ts b. Balatoca, $37 b.

Baguio Gold, 45 cts. b. Benguet Consolidated 42 cts. b. Benguet Exploration 18 cis. b. Benguet Goldfield, 20 cts. m. Big Wedge, 12 cts. a. Gold Creek, #2 m.

Kalan 23/11⁄2 -0.

Langkats (Single) Sh. $17 D. S'hai Exploration, Sh. #5 n. S'hai Loans, $61⁄2 0. Ruubs $13 n.

ing prices yesterday being 21 11/16 C. Wheat Dec.. and 21%, respectively.

May

C. Corn Dec.

May

The London on New York cross- rate, which closed on Tuesday at W. Wheat May

STOCKS: |4-U.S.$5.00%, closed yesterday at

Amer Smelt U.S.$5.00%, while the New York Auburn

on

London rate closed

NARROW ON

WALL STREET|

Immediate Outlook Uncertain

NEW

ADVERTISEMENT

R

PUBLIC AUCTION.

yesterday DARTICULARS & CONDITIONS

P and' the][

INDECISION INDICATED

The market was quiet with movements, narrow trend chiefly upward. States Smelting Issues

гове

of the Sale by Public Auction United to be held on MONDAY, the 17th one day of September, 1984, at 3 p.m. at point. With buyers, timid, how the Offices of the Public Works De- 110 ever, the immediate outlook re-partment, by Order of His Excellency,

mains uncertain and further inde-the Governor of one Lot of Crown 107% clsive movements seem to be indi-Land at Repulse Bay in the Co- 108% cated

lony of Hong Kong for a torm of

dend, with 75 cents extra, making; 344 U.S.$1.50 In all.

20

No, of Seis,

PARTICULARS OF THE LOT.

1640

1599 1085

107%

108%

70%

82

8915

891

80% The Air Reduction Company has 21 years 82 declared its regular quarterly divi-

33%

32

at Con Gas N.Y.

240

with Du Pont

85

El. Ra & Sh

.10%

101

Gen Motors

9814

28

Int Tel & Tel

9%

8%

Loew's Inc

231

McIntyre.

45%

Mont Ward

234

Nat Distill

1814

19

20%

Stan Oil N. J.. Un Aircraft

42% 42%

13%

U. S. Steel ***

32%

14 83

· London Prices.

taxation and consequently the

E-U.S.$5.00% as compared £-U.S.$6.01% on Tuesday.

UNCERTAINTY ON

WALL STREET

Traders Sitting On Sidelines

STEEL DEMAND DISAPPOINTS

· SPECIAL TO CHINA MAIL.

N. Y. Central

22% 8. E. Levy And Company's Report In their market report. Messrs. 85% 10 S. E. Levy and Company, corres- 28% Dondents for Messrs. White. Weld;

and Company, New York state: 264

"Stocka:-The results of theị

45%

Maino Election are interpreted as{} -24%

19% a victory for the spenders and as 214 further consolidating the trend 43% towards Increasing

regulation

the public debt;

weakness in

The following quotations from Lon-bonda was noteworthy and inter- don were received last night between est in inflationary equities is 5.30 p.m. and 10.30 p.m.

Silver: Spot 21% (last close),

LOL. No, 85

Begistry No.

Locality.

Tiland Mond

N.

1.

Boundary

By Mon

3.

K. About

As | per jaala) plan. 23,000

Annual Revist

likely again to increase. No gen-XXXX=>N By Telegraph, Copyright, Telegra-21 11/16 (last recd.), 1/16 down eral recovery of the market is phie Messages Ordinance, 1894. Re- (change).

possible until the Government ac |ceived September 18, 8.83 am.} Silver Forward 21 13/16 (last elose), tion towards business through the 21% (last recd), 1/16 down (change), re-organisation of the N. R. A. is

Silver Reports Speculators bought clarified or China was a small seller at yesterday's

a. definite show-down:

New York, To-day.

grain

The stock market is uncertain due to the decline in Government rates. Business smail. Market closed on the labour question has been bonds. Favourable factors yester-steady.

affected. Nevertheless, our view day were the continued

Gold: 140/3% (last close). 140/5% that good metal, packing, oil and bullishness

and the added extra (last recd.), 2d. up (change),"

London/New York Rate: 6.00% (last mail-order shares be purchased Gold River, 23 cts. b..23% ets, sa. dividend disbursements.

close), 5.00 15/16 (lant reed.), 13/16 up on weakness remains unchanged. Ipo Mining $24 n.

Unfavourable factors were the (change).

Business done:--400.000 shares. Rate: 76.0G (last failure of steel demands to pick up, London/Paris Itogons $5 m.

"Bonda: Government Issues and the report that traders are on close), 75.03 (lust red.), .03 down were off 5/8ths after the loss of

(change). the sidelines pending the announce-

Liverpool Cotton-Oct. 6.00-last a full point. High-grades were ment of the new marginal require close), 6.91 (last recd.), .01 up off, as the few buyers, on the mar ments-United Press, per S. E. (change).

ket are holding off until the limits) Liverpool Wheat Oct: 5/8 (last have been reached. Second-grades Levy and Company.

close), 6/9 (last recd.), 1⁄21⁄2 up (change).

London Rubber-Oct-Dec.: 7 11/16 were a shade better at the close: (last close), 7 11/16 (last recd.), un-į "Wheat-Canadian marketings changed.

to-day were over 4,000,000 bus- Londan Rubber-Oct-Dec.: 74 (last hels. The peak of the movement close), 7 13/10 (last recd:), 1/16 up has been about reached. We fav- (change).

our purchases of all grains .on A forecast from London on the pro-dips. Tuesday's sales:-22,166,- Highest Cereal Group bable trend of the New York market, 000 bushels.

"Cotton:-The market is feel- Index For 4 Years

Venz; Goldfeld, 5 n.

Docks, etc.

H.K. Wharves, $111 9. H.K. Docks, $141⁄2 n. Providents (old), $11⁄2 n. Providents (new), $50 cts. n. Hangkews, (old) Sh. $312 n. Hongkews, (new), Sh. $310 n. New Engineerings, Sh. $4 n. S'hai Docks, Sh, $118 n.

Cotton Mills.

Ewo Cottons, Sh. $10.30 b. S'hal Cottons (old), Sh. $75. n. S'hai Cottons (new), Sh. 344 n. Zoong Singa, Sh. $111⁄2 m. Wing On Textiles, Sh. $55 1.

Lands, Hotels, etc.

H. and S. Hotels, $5.55 8. H.K. Lands, $49% b. S'hai Landa. Sh. $27 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n.

H.K. Realties, $4.60 b 'Asia Realties "A", Sh. $140 n.

Asia Realties "B" Sh.820 n.

Chinese Estates, $88 b.

China Realties, Sh. 15% n. China Debenture. Sh. $137 n.

Public Utilities,

H.K. Tramways. $20 b. $201⁄4 sa. Peak Trams (old), $15 m. Peak Trams (new), #7 n. Star Ferrics, $981⁄2 n. Yaumati Ferries, $21 n. C. Lights (old), $8% b. "C. Lights (new), $8.20 n.

H.K. Electrics, $72 b.

Macao Electrice, $25 n.

WHOLESALE PRICE

RISE

London, To-day,

The average of wholesale prices

London's Forecast

[states:

The Cotton market is expected to

generallying the lack of speculative sup- open lightly lower on warmer and more favourable weather port and the present state of un- conditions, disappointing Liverpool certainty is prompting some long cables and continued uncertainty on interests to reduce their positions. "Rubber:-The Trade is absorb-

in August showed a rise of 2.1 per Wall Street, but the technical position cent. as compared with July and is considered sound. The possibility of of 3.1 per cent, over August of last settlement of the textile strike is ing some small liquidation on the

more favourable. Demand for "Spot" scale down. Business done: has improved.

242 lots."Reuter.

(Continued on Page 11.):

year, the respective index numbers being 88.5, 80.7 and 85.8.

Food prices increased by 6%1⁄2 per [cent. from the previous month and

index for the cereal group is the LATEST QUOTATIONS SHANGHAI RUBBER

highest recorded since August, 1950.

Industrial material, continued

however,

New York, Yesterday.

SHARES

Latest Quotations

The following quotations have the downward trend which began in March. British been received by Messrs. S. E. Levy

and Co, and the A.O.F.C. Wireless Service.

Messrs. Carroll Bros. have just Sept. 11 Sept. 12 received the following cabled quo- New York Cotton:

tations of Shanghai: Rubber Sharus Closing Closing (Prices in Shanghai Dollars):- October December January March

$7,000,000 TAXES RECOVERED

America's Drive Against May

Brokers And Traders

SPECIAL TO CHINA MAIL, (By_Telegraph, Copyright, Telegra- phic Messages Ordinance, 1891, Re- ceived September 15, 8.33 4.m.).

Washington, To-day.

January March May

July...

· Sandakan, Lights, 58 s. Telephone (old), $23.90 b.. Telephone (new), $11 b China Buses Sh, 13.20 n. S'pore Tractions, 4/9 b... Singapore Pref, 17/8 b.

Industrials, Malabon Sugars, $10 n. -Cald÷–Macg.(ord), Sh.-$21-#---brokers-and-stock-market traders! September

The Commissioner of Internal Revenue, Mr. Guy T. Helvering, states that the United States Chicago Wheat: Government has recovered approxi- September December |mately U.S.$7,000,000 and expecta

Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.70 n. Cements. $2.60 a. H.K. Ropes, $34 n.

Stores, etc.

Dairy Farms. $241⁄2 n. Watsons, $5.60 n.

σ. H. BENSON,

General Manager.

Der. A. Wings, $1 n. Lane, Crawfords, $4.15 n.

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. $800,000.

Head Office-Shangkat Peyga

A Bank having as its mission, the Industrial development of China and the fostering of her commer= vial relationà abroad, d

Hong Kong office 7 Ice House St. Phone $148r-2-3°/

Mackintoshs, $21 o.

Sinceres, $10 n.

Wm. Powells, 70 cts. n. Wing On (HX.) $110 n. Med Miscellaneous,

H.K. Amaseinenta, 84 n. Entertainments, 376 n. S.C.. Enterprises, $1.80 n. United Theatres, Sh. $11⁄4-n. Macao "Greyhounds,* $2 not Constructions Cold), $1,80 ́n.. Constructions (new), 78-cts.- Ba

gone

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC:

Asia Life Building, Hong Kong.

Tel. 30234.

Is It Insured? ?

Insurance All Classes LOWEST RATES

-American Astatic Underwriters

Fed. Inc., USA. General Agents

H.K. Ofice "AsiaLife Budiding

Head Office

New York, To-day-The steady

17, The Bund decllae. In the price of copper abroad is threatening the United Shanghai. States.domestic level.

-United

Press, per S. E.. Levy and Co.

13.05 12.91 13.18 13.05

Anglo Javas

$11.75

Anglo Dutch

8.25

13.22 18.06 13.30 18.16

Chemora

.911

Consolidateds

4.10

13.36 13.21

July Spot...

Java Consolidateds

13.42

2.00

13.26

18.30

Krooweeks

13.15

.65

New York Rubber:

Tanah Marah

.2.02

October

15.82

15.69

Tebonga

December

16.08

15.93

Zlangbo

.G9 10.90

16:19 16.03 16.46 16.30 16.73 16.54

COPPER CRISIS IN AMERICA

16.99 16.80

....

106% 105

107% 1064

108 107

73%

73%

in connection with transactions since 1929.-United Press, per S. E. Levy and Company.

December May

79%

79%

82

Bla

Winnipeg Wheat:

October December

84% :83%

854

84/2

DEPARTMENT STORE SALE BOOM

May

892

88%

New York Sugar:

October

1.92 1.94

March..

1.99

1.96

May

1.97

2.00

'December

1.11 1.11.

February April

1.11% 111

1.11 1.11

to recover at least US$18,000,000 |: May, ...... more in the tax drive against Chicago Corn:

Washington, To-day-The Fed-

eral Reserve has reported that New York Silk: August sales In American depart- ment stores gained considerably above. the seasonal

estimates

United Press, per. S. E. Levy and Company.

U'S. BUILDING BOOM.

CONTINUES

CHARTERED BANK DIVIDEND

The following telegram was re- New York, Today-August bulid- celved by Tha Chartered Bank of

Ch. Govt. 5% 1925 G$Bds- Ing permits in the United States India, Australis, and China, to-day 3.87% 3,

Tel. 39284.

S. E. Levy & Co.

UNDERWRITERS "AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK, STOCK AND COMMODITY SERVICE

Members:

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

CORRESPONDENTS: FOR WHITE, WELD & CO. NEW YORK.

VICE HOUSE STREET, HONG KONG

Tel: Address: Selco

last month were 15 per cent. above from their Head Office in London: H.K. Govt. 4% Loan 7% prem. July and 6.8 per cent. above those Directors have declared an

in August last year, according to

Year

United Press, per S. E. Company

Dividend for the past at the rate of 14 per annum subject to

Tel. 80101 and 80103;

H.K. Govt. / 8% Loan 3.1% Messrs. Dun, and Bradstreef —

prem

Wallace Harpers, 377% n.