1934-09-27 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

authoriad Capital $50,000,000 need and Fully Fald-up 30, 10,000

Serra Funda

Bedding

Hiver

£6,000,000 $10,000,000

Boerre Liability of Proprietors ...$30,000,000 HEAD OFFICE, HONGKONG.

BOARD OF DIRZCHIOS,

11oo. Mr. 0.0, 9. Mackle

Chairma

H. H. Dodwall, Bey,

...* Deputy Chairman.

Hma, Mr. W. H. Ball. A. Compton, 144.

1.0. Kaight, Zaq.

ANGY BANOROK

BATAVIA BOMBAY CALOUTTA CANTON DISPOU COLOUDO DAIREN FOOCHOW

U. Miskin, Esq.

E., Morlani, Kag.

T. E. Fron, Eng.

V. H. Onybars, Req. Chist Mainger.

www.

BRANCHES

LANDUN LYUNS SIALAGUA HANITA MUAH (Johor) MURDEN NEW YORK PEIPINU PENANG

11

HAIDHONG HAMBURG HARROW HABUIN HONOKEW ILOIL

ПРОД

JUKORE

KOBK SOWLOXUN

RAFOGON 8410UN BAN PRANCISCO KUALA LUMPUR SIANGHAL SINGAPORE YOURABAYA BUSDEI PATANI TIENTSIN .TUKYO

THINOTAO YUKOHANA

40

Cortest Account opened te Lous! Currency and Fixed Depolis reared for one your Nester periode in Local Company and Barling Where which whi be quoted on application. Hos Kong, 13th April, 1934,

HONG KONG SAVINGS BANK.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1953. HEAD OFFICE: LONDON

Paid-up Capital Reserve Fund

Azerilor

Jangkok,

Batarla

Reserve Liability of Pro-

prietors

.£3,000,000 £3,000,000

..£3,000,000

Agencies and Branches:

Alor Sta

Malic

Ipok

Karackl

Klang

Kube.

Kusi

Hangves Bal famerang Beramban Bbangbal Ringapors

Lumper

Silavas

Kuching

Bourabaya

Xsdraa

Taiping

1 Colon be

Manita

Tubin

Medan

Toogkas

Haiphong

New York

|(Daskor) -

Palpiny

Talapiao

Bankow

(Peking)

T

Yokohama Zamboanga

Loan Load

Bomber Caltulla Contoo Campore Cebu

|Delki

itamburg

THE CHINA MAIL THURSDAY, SEPTEMBER 27, 1934.

and

Commerce

Finance

LOCAL DOLLAR ADVANCES

Silver Prices Improve

The local dollar has advanced, opening on demand this morning at 1/7.

Spot and forward silver have ad. vanced, closing prices yesterday being 22-5/16 and 22%, respective- ly.

The London on New York cross- rate, which closed on Tuesday at

Yorigo Exchange and innerel Backing burlane 34.97, closed yesterday at £-U.S.84.-

ireneanted.

Current Accounts opened and Fixed Depot 96%, while the New York on Lon- solved for one year or shorter perioda at inter which will he quoted on application

don rate closed at £-U.S.$4.96%, as W. H. E THOMAS,,

Acting Manager. compared with -U.S.$4.96%

Tuesday." Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.

Establlabed 1912.

NEW YORK STOCK EXCHANGE

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

оп

Head Office Hong Kong.

$11,000,000 Authorised Capital Pald-up Capital

8,055,000 Total Resources

82,170,492 Branches: Canton, Toithan, Shanghai, Hankow, Bangkok & San Francisco. Landon Bankers: Lloyds Bank, Ltd

Banking Foreign Exchange and business of every discription trans-

Close Opening Noɔn ... 4.96% 498%% 498% Current Accounts opened and Fixed NY/London

1269

1288 1271 or Cotton Doc. Depaults received for one year

Mar.

1280 1283 1277

113 Silk Dec. shorter periods at rates which will be

114 quoted on application.

1555 Rubber Dec.

Mar... 1593

The following quotations from New York have been received by Messra. S. E. Levy and the American Oriental] Finance Corporation.

Last

The Bulness of the sbors Bank is conducted. ad by the HONG KONG AND SHANGHAI BANKING CORPORATION, Hale may be abtaleed on application.

FOR THE HOND ZONG AND BRANDIIAI BANKING CORPORATION.

V. M. ORAYBURN,

Chist Manager.

Hong Kong, th February, 1984.

THE BANK OF EAST ASIA, LTD.

Aborted Capital

d-up Capital

..@10,000,000,00

5,400,000. PM.;

bert and Undivided Profis,4,000,00

HEAD OFFICE-BONG KONG

13, De You Road Central

BUARD OF DIRECTORS-

Bit Show Chow, Chairman.

Li Koen Chun, Eng., P. K. Kwok, Tag, Wong

In Tang. Bay, Chan Ching Bhok, Esq., Lê Lan Many P. Wang Chu Bec, tag, and Kan Ting

تجاعين

Kao Tong Po, Esq.. Chiat Mounge,

Tu Four Exq.. Munnger,

لتدريسيالة

BRANCHES AND AGENCIES -

Andy

Manila

Becikla

Maturin

Loura

Bamara

Bombay

Nagk

Calcutta

New York

*Bingapor

Oraka

Gourabaya

Siphong

1elping

byinag

Honolulu

Penang

Telhake

Radgon

Balyon

BAD Franclase

Lab Karious

Lendon-

Peris

Tiepie!a Tokes Vancouve Yokohama

Every description of Banking and Exchange bal teammated. Los granted on approved securities.

Curreal Account opend in

Local Cur

and Pised Deposits resalted for one your shorter perioda in Looal and Foreign Ouranola

tem which will be quoted on "application. Bals Deponit cras 75 Let

KAN TONG Po,

Bag Bong. Lit March, 1986

Chief Manager.

THE BANK OF TAIWAN, LTD.

T

Head Office: Taiheku, FormeUS, Incorporated in Japan by Speciál Imperial Charter, 1899. Central Bank of Farmoss, Notas

issued Average amount Y,45,000,000!

Branches and Agencies.

Safe Deposit Boxes (various sizes) for hire.

LOCK POONG KHAN,

Ciel Manager.

SAFETY FIRST! To Safeguard Your Valuables and Jewelleries. Depoelt them in a Vault that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor of McIntyre Our New building is Spacially Con- Mont Ward structed to provide all of these Im-Nat Distill... portant Qualities,

You may obtain a Safe Deposit Stan Oil NJ ... 43% Box in this most up-to-date Vault for U.S. Steel... 34% 84% 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 COMPANT,

INC.

Head Office-45, Broadway,” New York

Capital Burplus .... Reserves

Anutardam

Aniwang Athens

Japan:-Kobe, Osaka, Tokyo, Yoko hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taicha, Tainan, Taito, Tekao, Tamsul, Toen, Karenk, bar Kagi, Heito, Giran.

1.9!

U.S.$8,000,000.00 -

2,087,112.69 1,995,528.31

BRANCHES:-

Gizon Olangor

Ass

Benlar

Berlin

The late

Hamburg How

Bre

China: Amoy, Canton, Foochow, Han-

Brussels Calco Olcatta

Heldalborg Laserlaken Jerusalem London

Milaz Nion Naples Firmeus Forla

FACI Rotterdam Beine

Liverpool

C

Colombo

Lucerne Londo

Ringapar Tientiin

kow, Shanghai, Swatow, Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boersbays, Dairen. On and after April 20th, 1984, the on Special Current rate of Interest Deposit will be at 1% p.z. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%%}.

T. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central.

Copenhagen. LATOR

Karen

Dribliz

F300

Edinburgh Genets

Monte Carlo

Mails

Munich

Mooters

Bampton

Torlon

Tlabe Venice Yokohama Zerlok

London Prices.

The following quotations from Lon- don were received last night between 6.30 p.m. and 10.80 p.m.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks,

H.K. Bank $1725 n.

H.K. Bank (London), £137' n. Chartered Bank $151⁄2 ex. div. Mercantile Bank, A. & B, £30% Mercantile Bank C. $15. Bank of East Asia, $99 n. Am: 0. Finance Corp, Bh. $20 a China O. Fin. Ord., Sh. #4 n. China O. Fin. Pref. Sh, 18 n.

Insurances.

Canton Ina., $285 n. Union Ins., $535 sa. China Underwriter, 81.15 n.. China Fire Ins., $510 n. H.K. Fire Ins., $249 n. International Assce. Sh. $6 a.

Shipping.

Douglasse, $40% n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), 188 m. Shell (Bearer), 49/4% n. Union Waterbosts, $13 m.

Mining.

Antamoka, 60 cts. n.

Balatoes, $37 n.

Baguio Gold, 47 n.

WALL STREET

EXPECTS A

NEW RALLY

Market Active And. Steady

SENTIMENT. BRIGHTER

MARKET RALLY

EXTENSION

Brokers Prediction

In America

MURMURS OF RENEWAL OF TEXTILE STRIKE

SPECIAL TO CHINA MAIL.. (By_Telegraph,_ Copyright, Telegra. New York, To-day.

phie Messages Ordinance, 1294, Re- The market was more active and ceived September 27, 16.50 nm) steady yesterday.A little profit-

New York, To-day." Market sentiment taking appeared here and there, but

has sharply Bentiment was brighter and some Improved, due to the belief that the extension of the rally is generally Administration has swung in, plus expected.

Tuesday's market advance, which was the widest aface, June 8: In their market report, Meaars Brokers are predicting an extension S. E. Levy and Company, corres of the rally. pondents for Messrs. White, Weld Favourable factors yesterday

.

S.E. Levy & Company's Report

NEW ADVERTISEMENTS

PUBLIC AUCTION

THE

HE Undersigned have received instructions to sell by Publi Auction

1. ON TUESDAY, the 2nd October, 1934 commencing at 11 am.

at their Sales Room, Duddell Street

A Fine Selection of E. P. Ware,. Jewellery and Fancy Goods, Terms: Cash on Delivery

LÄMMERT BROS., Auctioneers. Hong Kong, 27th Sept., 1984.

Latest Quotations

and Company, New York state:

were that the "Iron Age" said that,

The following quotations have "Stocks: Some buying orders the upturn in steel production is been received through Messrs, S. E from Europe entered the market partly due to replenishment buying. Levy and Company and the Ameri this morning for the first occ and predicted further gains owing can Oriental Finance CorpoTRA sion for some time, which is to current inventories being under tton? lieved to be a good indication. We normal; and that General Johnson's still believe that yesterday's rally

New York, Yesterday.

Last To-day's close close

2044 103 78% 78% 404 49

will go further, but we would signation is believed to forecast jan immediate reorganisation of the

N.Y./London Cross-Rate 4.96% 4.98 delay buying on a large scala un N.R.A.

N.Y, Cotton Dec...... 12,60 12,58 | til President Roosevelt issues the

An unfavourable factor was that N.Y. Bubber-Dec. 15.56 15.25 expected re-assuring statement textile union members say that sen-Chic Wheat-Doc. Business done:-800,000 shares.

timent is strong for a renewal of Chie Corn-Dec,

Silver-Official were "Bonds: High-grades

the strike and will protest to Pre-

(Dow Jones - AVK-) - easier, with large blocks starting sident Roosevelt that employers

To-day's U. 8. to drift into the market.

failed to re-hire textile strikere.-

Sept. 25. Close Change Government issues were off and

United Press, per S. E. Levy and 30 Industrials... 92.72 92.44 .28 off

20 Raila irregular. second-grades

Company. off 10

120 Utilities Speculative issues

40 Bonds point.

11 Commodity "Wheat:-Consumers are not

Index 81.40 60.85 $5 of 17. Leading Stocks

were

were

Benguet Consolidated 42% cts: following bulges. Tuesday's sales-LATEST QUOTATIONS

Benguet Exploration 18 cta. b.

over-es-

"Cotton:-Hedge and Southern ealling is still heavy. Considering that the crop has been timated, speculative buying has been negligible. We expect hedge pressure to increase on bulges.

of "Rubber:-Liquidation scattered nature by weak outside interests is likely to carry, the de- cline somewhat further," Manu

Market Factors

January March May.. July

General Motors

36.27 30.01 26 off

20.84 20.65 .01 up

91.72 92.00 28 ng

XEXEXEXEXEXEX

Everything

BUT YOUR

SAVINGS

29,854,000 bushels.

Close

11.

poor

1538

1670

C. Wheat Dec. 104%

May........

and sa.

103%

104%

103

Benguet Goldfield, 20 cts, a

C. Corn Dec. ... 78%

May

784%

Big Wedge, 10% cts. b.

"Corn:-Reports of the quality of present stocks are In-been received by Mesars. S. E. Levy Amer Tel and Tel

Auburn creasing. Total sales:-9,799,000 and Co., and the A.O.F.C. bushels.

Sept. 25 Sept. 26 J. I. Cone

The following quotations have Amer Smelt and Ref

Amer Can

084

34%

11212

2579

435

Du Pont...

메

30%

80

Gold Creek, 12 a.

Closing Closing

Elec Bond and Share

-112

W. Wheat May 87%

87%

Gold Rivers, 22%. cts. b.

2912

STOCKS:

Amer Smelt... 34% Auburn

35

34%

Ipo Mining $2% ¤.

New York Cotton: October

Int Tel and Tel

10

12.54 12.42

McIntyre

474

2514

25%

2614

Itogans $6.30 n.

December

12.69

12.58

Montgomery Ward

26421

Con Gas NY .. 80

30%

30%

Kailan 26/1.

Nat Distillers

2014

Da Poat ... 91.

00%

Langkats (Single) Sh. $17 n.

January

12.74.

12.62

N.Y. Central..

2214

El Bo and Sh.. 11/4

11%

11%

Gen Motors.... 80

29%

295%

S'hat Exploration, Sh. $5 n.

March May

12.80 12.71

Socony-Vacuum

14

12.87

12.77.

Union Pacific

101

Int Tel and Tel 10%

10%

S*hai Loans, 1 thì

July..

12.90

12.81

U.S. Steel...

83

Lew's Inc 284 28

284

Rouba $12.90 n.

AT

23 NY Central

-231% 43%

46% ** 26% 28% 20% 20% 20%

20% 22 43% 33%

Venz; Goldfield, $5 n.

Spot

12.80

12.70

West E and M

Docks, etc.

discussing higher New York Rubber: facturers are

We expect to see a tyre prices, resumption of buying in the near future. Total sales-308 lots," -Reuter.

Business done:-800,000 shares.

October

15.84

15.00

December

16.55 15.25

15.67

16.98-

15.53

15.55

gonè

16.16 15.86

16.86 16.13

104 104

104 108%

RENT

104

108

FOOD

September

*79

7815

December

78%

78%-

May

801/2

79%

CLOTHING

Winnipeg Wheat:

October

82%

81%

HEAT:

December

83% 82%

May

87%

872

New York Sugar:

October

TAXES

1:97

1.95

March

ATER

1.98

131

1.97

∙1.94

2.01.

1.09

CHITS

1.14

1.14

1.15 1.15

1.16 1.18%

SAVINGS

Silver: Spot 22-1/10 (last close), 22-5/16 (last recd.), up (change),

Silver. Forward 22% (Inst roed.), 22% (last recd.), 1⁄4 up (change).

was

Sliver Report:-The advance chiefly due to leas China selling and further Indian and speculators buying. Market closed uncertain.

Gold: 141/2% (last close), 143/3 (last recd.), d. up (change),

London/N.Y. Selling Rate: 4.97 (last close), 4.98% (last recd.), % down (change).

London/Paria Selling Rate: 74.71 (last close), 74.66 (last read), .06 down (change).

Liverpool Cotton-Oct: 8.72 (last close), 6.73 (last red.), 06 up (change).

Liverpool Wheat-Oct.: 5/0% (last) close), 6/1% (last recd.), 1% (change).

up

London Rubber-Oct.-Dec.: (buyers) |7-7/18 (last close), 7-7/16 (last rood.),

unchanged.

London Rubber-Oct-Dec.: (sellers) 7 (last close), 7-9/16 (Inst ręcd.) 1/16) up (change).

London Rubber-Oct-Dec.: at ribon (buyers) 7-7/16 (last recd.)

London's Forecast

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

The recovery is expected to continue on Wall Street, with

gradual im-

Branches of American Express Com-provement in the domestic situation. pany In Principal cities of United States of America and Canada.

All classes of Commercial Banking Fransactions undertaken.

Personal investment secounts

THE YOKOHAMA SPECIE BANK Landled.

LIMITED.

Established 1889

The Company offers to intending. Travellers the use of its "TEATRİCKS

Cheques and Letters of Credit and,

- Capital (fully paid-up) Yen,100,000,000 addition, the world-wide services

Reserva Fund ....... Yen.124,260,000 of its thoroughly equipped Travel De

Head Offices-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

.Berlin

Bombay

Calcutta

Nagasaki Nagoya

New York

Osaka

Paris

Pelping Rangoon

(Delay)

(Mukden) Rio de Jenetro

Hong Kon

Honolulu

Hainking

Karachi

Дове

Manila

Inversat Fallowed

Debonita

San Francisco

Sestila

Shang

Singapore

Воставкул Sydney

Tsingtan.

Yingko

partment.

-0. H. BENKON,

General Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact-

Current Accounts opened and Fixed Deposite received for one year, or ther ter period at rates which will be quot- ed on application,

"Safe Deposit Boxan: (various sizes. for hire.

کنند اما

PHILIP GOCKCHIN Chlef Manager application L. GOCKCHIN

Absistant Banayaz-

C KISHINAME Hong Kong, Lith Sayfamber, 1934,

AULI:SHU FONG: Assistant Makerer

The Wheat market may open better and appears to be sold out. The strong domestic situation is creating a bullah sentiment.

Rubber prices are expected to be down.

In Cotton, little change is expected. The weather is favourable at present, but conditions are expected to be cooler and unsettled;

RISE IN GOLD PRICE NOT IMMINENT

New York, To-day-United States bankers are almost unani- mous in disbelieving that an ad- vance in the price of gold is im minent, pointing out the current Jatrength of the dollar. United Press, per 3. E. Levy and Company.

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

Capital paid up Reserves

Capital Savings Dept. Reserve - Savings Dept. Head Office

A Bank having as 128 missio industrial development of China and the fostering of her comu cal relations throad,

H.K. Wharves, $109 n. H.K. Docks, $14 n. Providenta (old), $1% b. Providents (new), $50 eta, n. Hongkews, (old) Sh, $809% n. New Engineerings, Sh. 34 n. S'hai Docks, Sh. $118 n.

Colton Mills. Ewo Cottons, St. $10.80 b. S'hai Cottons (old), Sh. $761⁄2 n. S'hal Cottons (new), Sh. 844 n. Zoong Sings, Sh. $11 D. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc. H.K. and S. Hotels, $5.40 b. H.K. Lande, $50 b.

H.K. Lands 4% Debentures

prem, buy.

S'hal Lands, Sh. $27 1. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n. H.K. Realties, 84% b.

Asia Healties "A", Sh. $140 n. Asia Realtles "B" Sh.$20 n. Chinese Estates, $90 b. China Realties, Sh. $15% 0. China. Debentures, Sh. 187 n.

Public Utilities."

H.K. Tramways, $20 b. Peak Trams (old), $15. n. Peak Trams. (new), 37 n. Star Ferries, 898 n.. Yaumati Ferries, $211⁄4 n. C. Lights (old), b. C. Lights (new), $8.30 b. H.K. Electrics, $71 b. Macao Electrics, $25 a. Sandakan Light, 38 B. Telephone (old), $23.80 sa. Telephone (new), $11.b.- China Buses, Sh. 13.20 n. Singapore Tractions, 4/9 b. Singapore Pret 17/9 b...

Industrials.

The following telegram was re- ceived by Mosare. S. E. Levy from

Reuter:

re-

Chicago Wheat:

September

December May

Favourable factors prior to the opening of the market. (1) Fol- lowing the resignation of General Hugh Johnson, it is expected that Chicago. Corn: within few days President Roosevelt will announce the

the N. R. A. organisation of

more constructive which will be % both to business and to the mar ket. (2) Expectations that the new margin rules will prove to be liberal have helped to stir up of liberal have helped to stir up bull, while yesterday's rally wae considered very healthy. (3) The volume of trading is increasing

the upturn. factors were:-(1) Textile mills are slow in re-opening, due to the lack of orders. (2) The unsettle- ment of foreign exchanges,

On

May July Unfavourable New York Silk:

December February

Night Telegramá

The following telegrams were ceived by Messrs. S. E. Levy &

April

Co, through Reuter last night is It Insured? ?

The market is mora, active and steady. A little profit-taking has jappeared here and there, but sen

timent is brighter and some.... ex- tension of yesterday's rally is generally expected. Steel opera- tions in the Chicago area rose by 4-1/2 points to 265% of ca- pacity.

(Continued on page 9.)

AMERICAN REPUBLICS SEEK TO PAY DEBTS

Malabon Sugars, $8.70 n. Cold: Macg. (ord.), Sh. $21 n.SOUTH Cold: Macg. (Préf.), Sh. $20 n. Canton Ices, $24.b. Cementa, $2.40 sa H.K. Ropes, $84 n

Stores, etc.

Dairy Farmis, $24 b. Watsons, $5,60 m. Der. A. Wings, $1 n. Lane, Crawfords, $4.15 n. Mackintoshs, $21 n. Sinceres, $10 n.

Win. Powells, 70 cta, n Wing On (HK), 110 m

Miscellaneous, H.K. Amusements, $4 n. Entertainments,57% ne 8.0. Enterprises, $1,80 n. -- United Theatres, Sh. 81% n. Macao Greyhounds,;. $2 ̧n. Constructions(old), $1.80 n. (new)78 cta.

Cons

New York, To-day. It is re- ported that several Latin-Ameri ca Republica are likely to open debt negotiations with the United States shortly, which explains the recent sensational advances in South American bonds, some of which are now double their 1984 low levels, United Press, per S. E. Levy and Company.

RUBBER RESTRICTION

"QUOTA SETTLED

The Amste

London,

Iarnranco = All Clandes

LOWEST. RATES MAN American Asiatic Underwriters Fed, Inc, USA; General Agents

Head Office

17, The Bund

Shanghai”

ILK. Offer Asla Life Buliding Tel:20234

SAVE SOMETHING

START NOW UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Life Building

.Rose Loa

Tel, 50234

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 TRADEO

CORRESPONDENTS FOE

WEITE WELD & CO. NEW YOLK

TICE HOUSE STREET, HONG KONG

801014