1934-09-14 — Page 6

6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

Zened and Fully Paid of 20,000

Berta Pondi

Barking....

Filter ...aajalin

4,500) $10,995.000

Bestre Edelality of Proprietare $26,003,00 HEAD OFFICE: Rosgrosa

ISUAL OF DIRECTORS.

Efan. Mr. . G. B. Markie

Chairs,

8.1. Dowell, king. Dapy Chair.

Bam. r. W. 21. Belt.

A. H. Compius. Eng. *, J. Knews:A, Engi 4. G. Kalght, Finay."

AMGY

НАЗНИК

BATAVIA

DUSTAV

CALCUTTA UANTUN CHEFOO

COLOMBO

DAIRES POOCHOW

HALPHENTICI

HANDLI

HANEW

HARBIN

HONOREY ITALE

1PUH

JOHORE

Robe

KUWLOON

2. Minkit. Eng.

.. Marrion, Key.

1. E. Pearre, Vas.

V.. Grayburn. Eet.

Carol Manager.

RDANCHY –

LAINGON

LYONS

SESLACES

MANILA

APATU ploksta)

AURDES

NEW YORK

PLATINU

PENANO KANGOOS

MAIGON

SAN FRANCISCO

STALA LUMPUR

SHANGHAI

SINGAPOHE

GRABAYA

MNGEI PATANI

TIESESIN

TOKYO

THING LAG YOKOHAMA

Current Accounts eponed in Iza Carany and teard Stopenile secreted for au jour or shorter perbal in Last Company and Stacking 147 which will be quased on applitation. Hang Frog 101 April, H.

HONG KONG SAVINGS BANK.

The Basin of the shore Bank la condunt. ed by the HONG KONG AND SANGAT

Hula Ry BANKING CORPORATION.

bleibed on illest

YOR THE HONG KONG AND SHANGHAI BASHING CORPORATION

V. . ORAYDURN,

Chief Manager.

Hong Kong. th February, 1981.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

$10,000,DEX/W

Pald-up Capill

Bete And Undivided Probz82,134,00.00

HEAD_OFFICE: -IONG KONG

1. Das Vaz Road Central

BARD OF DIRECTORS :-

Abon how, Chairm

Roo hun, Esq. P. K. Kwak, L, Wana Tun Tang, Eig., Chan the Surk, Eng. La La Bang, Hey. Wong Chu Hot Esq. and Kas Ying!

5. Rag

Amoy

Ku Tong Po, Esq. Claar Manager.

The Fang. King Manager.

BRANCHEN AND AGENCIES 1 ---

beattle

Melb

Samarany

B-baj Calevita Caton Fliphun Haukow

Shangha

New York Doku Park

Slagapore Gagrabaya Swałow *bydury

Taiboks

Tisatda

Kobe

Kowloon

Saljza

Yokro

radan

San Fraterc

Vancouver Yotabas

En

Usedulu

Prizna

Penang

Reg

Bachilik,

Carrellite received

We

CURACY

danişətind of Heating and Etabange Business tracted. Jane Keatsid on approved

and Lo

for an THEY of shorter erkala in Loval and Formigu Currearíss | best which will the quoted on application.·· Bale Depot'te 10 Lei

HAN TONO PO,

Chief Marnger.

Ma Kang. 1 March, 1011.

THE BANK OF TAIWAN, LTD. Head Office:-Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies.

Japan:-Kobe, Daaka, Tokyo, Yeko- hama, Keelung," Makong, Nanto, Shaka, Sinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Torn. China:-Amoy, Canton, Focchow, Han-

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

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

Y. OHNO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853.

.£3,000,000

HEAD OFFICE: LONDON

Paid-up Cap!ta! Reserve Fund...... .......£3,000,000) Reserve Liability of Pro-

prietors

..£3,000,000

Amritsar

Ban

Balarie

عواد

Agencies and Branches:

Aloe Star.

(Failo Ipoh

Raigon

Semarang

Каля

Suretubad

Boubay

Rbasebal

Calcutta Cactos

Kan'a L

hingejare

A

Секироге

Raubaya

Cebu

Talpi

Colombe

Manila

Tentan

Bethl

Medun

Tongkah

Helpheng

New York

(Baukarl

Hambur

Peiping

Taingian

Unakom Harbin

Раком

Tanang

Vickerma Ži

Kuchlag Marie-

Foreign Exchange and Dustral Banking builnaa iated.

Current Acrupule opeed and Fled Depositej received for a year or shorter periods at retor 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 Office-Hong Kong.

.... $11,000,000 8,056,000 32,170,402

Authorised Capitai

Paid-up Capital

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

And Foreign Exchange

Banking business of every discription trans- [acted.

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

Safe Deposit Boxes (various sizes) for hire.

LOOR PHING SHAN,

Chief Managar.

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 tocated on the Mozzanine Floor of Our New building is Specially Can- structed to provide all of these Im- portant Quailtica.

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

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

THE

AMERICAN EXPRESS COMPANY.

INC

Head Office:--65, Broadway, New York

Capital Surplus Reserves

Caterinket Jerusalem

.U.8.$6,000,000.00"

2,087,112.89 1,995,525,81

BRANCHTS:-

Amsterdam Actworp Athane ALLE Henle

Glagow

The lingue

Berlin

Hava Hamburg Katto

Silan Nice Naples Piraeus Paris

Popis:

Bamber

Bafdelberg

Palerm

Bremen

Brusse

Cairo

London Favarpent

CATIFI

Hobin

Piorence

Copenhagen Edinburgh

Ushers

Celestia

Colombo

Lucerne. Lustra Laur Stilles Monte Carlo

Manila

Manich

Monirauz

Tireterin ILL MAK Shangh Hinthampto Singapor Teutat Tumias Viena Venire Yokohama Zurich

THE CHINA MAIL, FRIDAY, SEPTEMBER 14, 1934.

Commerce and Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS. The following is the list of local ahare,quotations issued to-day:

Banks.

H.K. Bank 1725 s.

H.K. Bunk (London), £135 .

Chartered Bank 15 n.

NEW YORK STOCK 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

Mercantile Bank, A. & B, 80% n. Finance Corporation.

Mercantile Bank C. £13. Bank of East Asia, $89 b. Am: 0. Finance Corp., Sh. 20 n. China O. Fin. Ord., Sh. 34 n. China O. Fin. Pref. Sh. 85 12.

Insurances.

Canton Ine, $200 n. Union Ins.. $540 n. China Underwriter, $1.15 n.. China Fire Ins.. $510 n. H.K. Fire Ins., $243 b. International Assce. Sh. $6 D.

Shipping. Dougluses, $10 b. and sa. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 m. Indo-Chinas (Def.), $33 n. Shell (Bearer), 49/ Union Waterboats, $13 n.

Mining.

Antamoks, 63% cts. n. Balators, $37 b.

.

Baguio Gold, 45 ets. n. Benguet Consolidated 42 cte. b. Benguet Exploration 18 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 12 cts. n. Gold Creek, 82 n. Gold River, 23 ets, b. Ipo Mining $21⁄41⁄2 n. Itogons $5 n.

Kailan 23/14 n.

Langkate (Single) Sh. $17 n. S'hai Exploration, Sh. 85 n. S'hal Loans, $61⁄2 n. Raubs $11 n.

Venz; Goldfield, 5 n.

Docks, etc.

H.K. Wharves, $til n. H.K. Docks, $141⁄2 n. Providents (old), $11⁄2 n. Providents (new), $50 cts. n. Hongkews, (old) Sh. $8121⁄2 B. Hongkews, (new) Sh. 8310 n. - New Engineerings, Sh. 34% n. S'hai Docks. Sh. $118 n.

Cotton Mills.

Ewe Cottons, Sh. $10.00 b. S'hai Cottons (old). Sh. $75. B. S'hai Cottons (new), Sh. $44 n. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles. Sh. $55 a.

Lands, Hotels, etc.

H. and S. Hotels, $5% 8. H.K. Lands, $50 þ., $50% 88. S'hai Lande, Sh. $27 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n.

H.K. Realties, $4.60 b Asia Realties "A", Sh. 8140 m: Asia Realties "B" Sh.$20 n. Chinese Estates, 389 b. China Realties. Sh. $151⁄2 n. China Debenture, Sh. $137 n.

Public Utilities.

H.K. Tramways, $20 b, $201⁄4 sa. Peak Trama (old), $15 n. Peak Trama (new), $7-0. Star Ferries, $98 sa,

Branches of American Express Com-!

$11/11.10.a. In Principal cities of United pany States of America and Canada.

NY/London

Laxt

Heimwehr troops guarding the Austrian Chancellory in Vien- na following the capture of the Nazis after their surprise "putsch" which led to the assassination of Chancellor Dollfuss and the casting of war elouds over Europe.

Close Opening Noon

5.00% 00% 00%

Cotton Dec.

Mr.... Silk Dec.

1305 1303 1303

1316 111

1300

110

Rubber Dec.

1583

1571

16:0

1011

C. Wheat Dec. 10014

10573

May

107

100%

C. Curn Dec.

79%

81 B

80%

W. Wheat May 68a

8841

1STOCKS:-

Amer Amelt

3.1%

3141

35

Auburn

23

23

224.

Con Gas NY

26

Du Pont

G

85%

BOX

El Bo & Sh

10

10

Gen. Motors

2814

23

28%

Int Tel & Tel.

8.

Loew's Inc.

.. 28

20

McIntyre

414

44

Moni Ward

23%

23%

2411

Nat Distill

19

20

D.E.I. Government Fixes

NY Central... 20.

21%

Stan Oil NJ

42

12%

424

Un Aircraft

14

14

U.S. Steel

3214

32

London Prices.

9

EXPORT DUTY ON NATIVE RUBBER

New Rate

Batavia, To-day-

APATHETIC

TREND UPHELD ON WALL STREET STRIKE VIOLENCE UNSETTLES TONE.

LATENT FUNDS ON MARKET

SPECIAL TO CHINA MAIL. (Dy Telegraph, Copyright, Telegra phic Messages Ordinance, 1894, Re- Jeetved September .14, 9.24 a..)

New York, To-day. The Stock Market was apathe- tic yesterday.

Favourable factors were the re ports of the continuance of fav ourable earnings, and the intent funds on

market the present awaiting investment.

Unfavourable factors were that the violence in the textile strike adds to business uncertainty and munitions investigation that the

retarding trading-United Press, per S. E. Levy and Com pany.

8. E. Levy And Company's Report In their market report, Messrs.

5. E. Levy and Company, corres- pondents for Messrs. White. Weld

TECHNICAL RALLY and Company, New York state:

ON WALL STREET Unsustained Declare Chartists

SPECIAL TO CHINA MAIL.

"Stocks: We continue to think that good metal, packing, oil and mail-order shares should be pur- chased on weakness. No general recovery, however, is possible un- til a definite show-down on the labour question has been effected, Business:-420,000 shares.

"Wheat:-The volume of offer- declines and the wet harvesting weather in Western Canada is causing some New York, To-day. The chartists prediction of Wall apprehension. We again favour Street Indicates a technical, but purchases of all grains on dips. *Wednesday's sales: 20.663,000 unsustained rally.

(By Telegraph, Cupyright, Telegra- The export duty on native rub-phie Mensages Ordinanes, 1894, Re-ings is decreasing on The following quotations from Lon- don were received last night between her from October 1 has been fixed ceived September 14, 0.44 0.m.)

at 20 guilders per 100 kilograms 5.30 pm. and 10.30 p.m..

Silver: Spot 21 11/10 (last close), for dry rubber.

other assortments

21 11/16 (last recd.), unchanged.

Silver: Forward 21% (last closet, 21% (Inst reed.), unchanged.

Silver Report:-America and India hought. China sold. Business small Market steady.

Gold: 140/64 (last close), 140/6 (lust recd.), Įd, up (change).

London/N.Y. Selling Rate: 5.01%

last close), 5.00 13/16 (last 5/16 down (change).

London/Paris Selling Rate:

(last close), 75.03 (last recd.) changed.

red.).

un-

to 18 guilders.

The duties for range from 15

"Cotton:-Further

declines in

The dry rubber group consists Favourable factors yesterday bushels. of blankets of bark, crepe and all were: (1) The Continental Cra Co. similar sheets manufactured by has voted a 50 per cent. stock the price would bring contracts to machinery not driven manually. dividend and placing the new stock the market on

the Government The former system of reducing on the annual rasia of $2.40 per twelve cent loan basis, which other rubber to dry weight basis share. (2) The Air Reduction has would probably stimulate buying.

"Rubber: Sentiment is some. for duty purposes has been ter-voted an extra dividend of $1.50

(last as other assortments-Reuter.

Liverpool Cotton-Oct.: 6.00 close), 6.85 (last 'reed.), .05 down (change),

done:-591

(Continued on Page 10.)

75.03 minuted and all rubber not classi- per share, plus its regular quarter-what mixed. with scattered Trade fiable as dry rubber will be leviedly dividend of 75 cents per share. Intrests being good buyers at the

Unfavourable factors were: (1) decline Business The Standard Oil Co. of New York lets," Reuter, has lowered gasoline prices from fractions of a cent to one cent per gallon.

(2) The Textile Strike halts the arbitration move.

Liverpool Wheat-Oct.: 6/8 (last close), 5/8 (lant reed.), down (change).

London Rubber-Oct-Dec.: (buyers) } 7% (lost close), 7% (fart reed.) un- changest.

London Rubber-Oct-Dec.: (sellers) 7 11/16 (lant close), 7% last recd.), 1/16 un (change).

London Rubber-Oct.-Dec.: at noon (buyers) 7 /15 (last recd.)

London's Forecast

A forecast from London on the pro- bable trend of the New York market. states:-

LOCAL DOLLAR STEADY

Silver Prices Firm

Board

L

(3) Union leaders are predicting

The local dollar remains steady, that the textile strike will last a opening on demand this morning month.-United Preas, per S. E. at 1/64.

Spot and forward silver remain unaltered, closing prices yesterday being 21 11/16 and 21%.

The London on New York cross- With little hope of a compromise re garding the strike situation, Wall rate, which closed at £-U.S.$5.00% Street is expected to experience an-on Wednesday, closed yesterday other dull session.

unchanged, while the New York on The Wheat market is expected to London rate closed -U.S.$5.01% aper uncertain but not materially

as compared with E-U.S.$5.01% on lower.

Rubber prices are expected to be Tuesday. a little lower.

Cotton prices may temporarily BBR somewhat as the result of a deadlock NIGERIA 3 PER CENT.

in the strike situation and on liquids-

tion, but the market is technically' healthy with a strong cash position and a relatively ateady stock market.

LATEST QUOTATIONS

New York, Yesterday. The following quotations have been received by Messrs. S. E. Levy and Co., and the A.O.F.C.

New York Cotton;

STOCK

First 31⁄2 Per Cent. Loan To Be Converted.

London, To-day. Special interest attaches to the of the terms of announcement issue of the £4,188,000 3 per cent. Sept. 12 Sept. 18 inscribed stock of the Government of Nigeria, for which underwriting Closing Closing arrangements were made yesterday. The Issue is being made to re- place the £4,045,573 of Southern Nigeria 3 per cent, stock, 1930/- 13.10.1935. which is the first 3 per

12.91 12.86

Yaumati Ferries, 321% n. C. Lights (old), $8.55 b. C. Lights (new), $8.20 b. H.K. Electrica, 572 sa, Macao Electrics, $25 n. Sandakan Lights, $8. Telephone (old), $23.90 b., $24 ma. Telephone (new), $11

b

October January

.

December May

12.99 13.06 13.05 12.98

13.21

March

13.16

13.06

July

13.26 19.15

Spot New York Rubber:

13.15 13.10

Cald: Macg. (ord), Sh. $21 a. Cald: Macg. (Pref.), Sh. $20 m. Canton Icès, $2.70 n.

October

December

January

Cements, $2.00 8.

March

May

China Buses Sh. 18.20 . All classes of Commercial Banking Spare Tractions, 4/9 b. Transactions undertaken..

Singapore Pref., 17/3 b..

Industrials.

Personal inycatment accounty —Malabon Sugars; $10-n.

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, Reserve Fund....... Yen.124,250,000 In addition, the world-wide services of its thoroughly equipped Travel De- partment.

Head Offre:-YOKOHAMA

Branches and Archeles at: Alexandria

Batavia Berlin Bombay

Nagasaki Nagoya New York Osaka Paris

(Dalny) Rangoon Fengtion (Mukden) Rio de Janeiro

Calcutta

Canton Datren

Hamburg Hankow Harbin Hong Kong. Honolulu fleinking

Karachi

Zobe

London

Los Angeles Kanils Moj!

erunts.

Peiping

San Francisco Seattle Semarang

Sydney

Tientaln Tokyo

Tringtan

Yingkow

Interest allowed. on Current A- Deposits received for fixed reriods 33 rates to be obtained an

Hong Kong, 11th September, 1934.

C. H. BENSON,

General Manager.

THE SHANGHAI COMMERCIAL

· &'SAVINGS BANK LIMITED. (Incorporated in China) Capital paid up.... .$5,000,000. Reserves...t :$7,000,000. Capital Savings Dept. $500,000. - - Reserve Savings. Dept. $600,000. ́* Head Office-Shanghal

A Bank having at its mission the Industrial development of China and the fostering of-her-commer cial relations phrasalajaankomen Hong Kong offes 7 Ice House St Panne 31481-2.3.

H.K. Ropes, $8% n

Storea. etc. Dairy Farms, $241⁄2 n. Watsons, $5.60 n. Der. A. Wings, $1 n.. Lane, Crawfords, $4.15 n. Mackintoshs,. $21 n.: Sinceres, $10 n.' Wm. Powells, 70 eta, n. Wing On (H.K.), $110 ₪. ̧

. Miscellaneotis. H.K. Amusements, 34 n. Entertainments, '$71⁄2 B. 3.C, Enterprises, $1.30 m. -- United Theatres, Sh. $11⁄4 0.7 Macão "Greyhounds,” $2. n. Constructions (old) $1.80 n.... Constructions (new), 78 eta, b. Ch. Govt. 5% 1926 - G&Bda

87% 0.

H.K. Govt. 4% Loan 7% prem,

b.

H.K. Govt. 36% Loan 8% prema

Wallace Harpers, $732. K

July Chicago Wheat;

September

December

May

Chicago Corn:

15.09 15.42 15.93 15.70 16.03 15.81 16.30 16.09 16.54

16.34 16.80 16.50

100% 1054 106 106% 107

108%

September

78%

77%

December

79%

Miny

81%

TESA 80%

Winnipeg Wheat:

October.

December

Mar

88% 844 84% 8414

88% 882

New York Sugars

October

1.92

March

1.88

1.95 1.99

May New York Silk:

December

February April

New York Metals:

Levy and Company,

AMERICAN, TELEPHONE SHARES BEING SOLD

U.S. PRODUCTION CONTROL

A.FL. Suggests Central Agency Formation

SPECIAL TO CHINA'MAIL.. (By Telegraph, Copyright, Telegra phie Mensages Ordinance, 1894, Re- Jecited September 14, 8.24 a.m.)

Washington, To-day. The American Federation of La- New York, To-day-Brokers re-bour, in its current monthly review port that some traders are selling of business. proposes controlled short American Telephone shares producion via a central agency re- as a hedge against long position-presenting labour the consumer, United Press, per S. E. Levy and and the Government, because, Company.

CONSIDERABLE INCREASE IN U.S. BANK CLEARINGS

28

firstly, the present recovery mea- sures, if they succeed, can restore business only after a long period of time, and secondly, the recovery programme is unable to adjust pro- duction to needs. United Presa,

New York, To-day-Bank clear-per 8. E. Levy and Company. to week amounted ings last

against U.S.$4,577,610,000, U.S.$3,515,269,000 for the previous week and U.S.$4,148,162,000. for

the corresponding week of last Is It Insured? ? year. United Press, per S. E. Levy| and Company..

CANADIAN NICKEL OUTPUT TREBLED

New York, To-day-Canadian

Insurance-All Clansen

LOWEST BATES American Asiatic Underwriters

Fed Inc., USA. General Agents

cent. loan to be subject of conver-nickel production for the first Head Office sion into stock bearing a smaller six months of 1934 was 65,833,-17, The Bund rate of interest. The new loan is 686 pounds against 22,760,291

to be issued at 974, redeemable in pounds for the first six uonths Shanghai.

of 1938. -- United Press, per

1956.

Lists for cash applications open S. E. Levy and Company.

and close on September 17, but conversion lists will be opened im- mediately and will be closed on September 28. British Wireless Service.

REGISTRATION OF US. STOCK SUCCESS

New York, To-day. The New: York Stock Exchange has announc- ed that it has received applications for temporary registration from all but 60 issues which must be regla tered under the Securities Ex- change Commission-United Press, per S. E. Levy and Company:

U.S. GOVERNMENT BONDS RALLY

1.10.

New York, To-day-Wednes 112 113 111 LI1 day a late rally in United States Government bonds is interpreted Sept. 10 Sept. 18 as indicating the oversold posi Copper, October 6.08 6.01 tion of the market, United Tin, October 51.10 51,40 Press, per 3. E. Levy and Co.

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, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK

BITES

7 ICE HOUSE STREET, HONG KONG

Tel. 30101 and 30103

ILE. Ofice Aria Lito

Building Tel 30234

Tel. Address: Belco

ዮ