1934-11-06 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Botherland Capital

$50,000,000

Stoned and Fully Paid-up C HOT ON 168 2,000,000 Bore Funde

Bling

BUT

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1853.

"HEAD OFFICE: LONDON

£ 6,34,000 $20,066, DUG

$29,300,000

Paid-up Capital Reserve Fand

Barva Lability of Proprialpre

HEAD OFFICE, HONAKOSO,

BOARD OF DIRECTORS, Hou, Mr. J... Mackie

Chalcons,

B. II. Dodwel, D.

Deputy Chana11.

Hm, ir. W. H. Vid.

dată. Campton, Rey,

M. 1. Koowlsh, Eng

0. Enight, Ex.

AdUY

J

JANGKUK BATAVIA BINDAY

DALCUTTA

UANTON

СПЕР

CALAMBO

DASHER

YOUCHOW

KAJENOR

SAMBUBO

HANKOW.

KARDIN

BONOKEW

UILO

ДРОН

, IDHORN

KUBE

KUYLOUN

Reserve Liability of Pro-

prietors

.48,000,000 £3,000,000

THE CHINA MAIL, TUESDAY, NOVEMBER 6, 1934

Commerce and Finance.

LOCAL DOLLAR DECLINES

8,000,000 Silver Prices Fluctuate

Agencies, and Branches:

Alor Ba

Haila

Rangoos

Amplianc

Baljon

Bangkok Balafia

rachi

Kiong

15; Müalin, Esq.

KH. Marco, Lag

T. E. Pate, ag

Bombay Calantia

Iol Kusta

Canton

Grgur

Dawnpore"

Bucking

Cobu

Hadras

Bezro Barretan Shanghai Blagapore B111& Saurabaya Telp

{Colombe

Manila

DIAL

Made

Tongka

Halphona

Maw York

'Peipion

Hankow

Peking)

Y. M. Gengtourn, kung,

Chial Mausger

BILA NOVES

LANDUN ESTINS

MALACCA

MANILA

MUAR (Jubare)

MIADEN

NEW YORK

PEIPING PENANO

BANDOON

SAIGON

SAN FRANCISCO

KUALA LUMPUR

BANGAL

SOAPULE

BOURABAYA

SUNDEL PATANI

TIESTSIN

TOKY

THIS TAO YOKOHAMA

Currant opened in Lual Currency

Fiss Depaalia received for ons jou seter periode la Local Compuy and sele

terms which will be qustat on appli Hug Hoog, th April, 1994.

Hoa Loa

(Baker) Idapto

Tokobams Zamboanga

*Foriga, Desbangs and Desert Sanking busisime

traancial

The local dollar has declined opening on demand to-day at 1774. Spot and forward silver closed at 23-7/16 and 23-9/16, respectively.

The London on New York cross- rate, which closed on Saturday at E-US$4,07% closed at £-U.S.$4.- the New 99 yesterday, while York on London rate closed at —U.S.$4.98%, as compared with

Surreal books opened and Fixed Deposits U.S.84.98. rosited for on rase or shoetge picloda at inter }, which will be quoted on application.

W. HE THOMAS,

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

SAFETY FIRST !

To Safeguard Your Valuables and Jowelleries.

Deposit them in a Vauli that is really: FIRE-PROOF BURGLAR PROOF DAMP-PROOF! OUR SAFE DEPOSIT VAULT HONG KONG SAVINGS BANK. located on the Mezzanine Floor of

The Busloma of the abors Bask ta condue by the 10NG KOND AND SHANGHAI BANKING CORPORATION. Hulen may be seload on application.

FOR THE HONG KONG IND STANOLLAI BANKING CORPORATION

V.M. GRAYBURN,

Chief Maunger.

(3.ng Kong, Mb Pabruary, 1996,"

THE BANK OF EAST ASIA, LTD.

-$10,000,000,00 thorized Capital

..... 5,600.00), UN Paid-up Capital abacat

merve aud Undivided front $3,14,000.00

HEAD OFFICE-HONG KONO

19, Des Your Bodentral

BOARD OF DIRECTORS—

Bir Hhodhon Chow, Chaduws

14 Roos but Kaq, F. K. Kwok, E. Wang

Za Toog, E., Chan Ching Shel, Esq., Ed Lat Bag, Ezg.. Trang Chu Van, Eng, and

, Код

Han Tong Po, Leq., Elsiet Manager.

Lá The Four, Eag, Mockget.

BRANCHES AND AGENCIES:-

Moulin

Melbourne

Nagmaaki

How Yick

St

beastsag Shangha

-Soprabaya Below

BRITISH MARKET ACTIVITY

New High Records Set Under War Loan Lead

London, To-day. There was a further rise in the

of British price

Government securities yesterday afternoon un der the lead of the War Loan 31⁄2 per cent, which closed at 1053.*

Console 2% per cent., moved 1% Our New building is Specially Con- structed to provide all of these Imper cent, and then moved to 1% to portant Qualition.

83%, the highest since 1909, and You may obtain Safe Deposit local loans, rose to 96, the highest Box in this most up-to-date Vault for since 1910. your own me 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 market was influenced by the fall in Treasury bill rates and by the announcement of the clearing

banks decision to reduce, after Thursday next, for a trial period of three months, the minimum charge for short loans against bills from one per cent. to a half per cent.-

THE BANK OF CANTON, LTD. British Wireless Service.

Established 1912.

Head Office:Hong Kong,

Authorised Capital

an Tig

Paid-up Capital

Total Resoureda .............

Galon

Ovaka

Parle

Hankow Homeinin

Prising

bydany

Paanog

Takes

Banjoon

Tientela

Marisca

Balgon

Tokyo,

Franciao

Tanoeuver

مامم

rary Songson of Desking and Zicker

Louna grauled on approved ditenaadlad.

Becurities.

OMITEMS Account opsed to Low! Ourmuo Flead Beposita received for ase your

eta partida in Local and Foreign Currenc Seems which will be quoted on application.

Nada Deposit Jose To Let.

KAS TOSO PO.

Mag 200. Lak Merah, 1954.

Colet Manager,

孵

THE BANK OF TAIWAN, LTD.

Head Office-Taiboku, FarmeUS, Incorporated in Japan by Special Imperial Charter, 1899,

Central Bank of Formoss, Notes

isauod Average amount Y.45,000,000

Branches and Agencies. Japan: Kobe, Usaku, Tokyo, Yoko hasa, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko. Engi, Heito, Giran.

China-Andoy, Canton, Foschow, Hán-

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

$11,000,000 8,655,000 82,179,492

Branches: Canton, Tolshan, Shazighat,

| Hankow, Bangkok & San Francisco.

BANK REFORM LAW WILL FAIL

Fletcher's Prediction

SPECIAL TO CHINA HAI (By Telegraph, Cópyright. Telegra London Bankers: Lloyds Bank, Ltd,

Foreign Exchange and Banking phio Messages Ordinance, 1891, Re busingan of evety discription transceived November 6, 821 a.m.)

Washington. To-day. noted.

Current Accounts, opened and Fixed Senator Fletcher has predict- Deposits recet red for one year of ed that drastic bank reform legis shorter periods at raten which will bellation will fail and doubted whe- quoted on application.

Safe Deposit Boxes (various sise)ther a central bank would seri-

ously be considered. for hire.

LOOK POONG SHẲN,

TRA

INC.

Chial Manager.

The present laws... he said, should be clarified by an amend- ment or by some other way and tested thoroughly before being altered. United Press, per

AMERICAN EXPRESS COMPANY, S. E. Levy and Company.

US, COTTON CONSUMPTION ON DECLINE

Head Office:-65, Broadway, New York

..U.S.$8,000,000.00 2,087,112.69 1,995,828.31

Nica Naples Pires Paris

Palerme Britesdasa

Capital Surplus Reserves

BRANCHES:----

materiam

Glasgow

Betin

Bekle

Bombar

Bren

Bros.is

Hackberg

Haldelberg Istarlakes

Looden

Engino Margollow Mock

Vladim Vardo Tekokaa Zurich

Oklopite Палом ་ Colombo

dogs

Doblin Rainburgh

Genera

Munich Mostranz

Bothampton Slpape Tandas

On and after April 20th, 1984, the rate of Interest on Special Carrent Deposit will be at 15% pa. on daily balanco and the 'rate for balance over $10,000 will be quoted, on application [Maximum ratomil1⁄4).

Y. OHNO, Branches of American Express Com

Manager.pany in Principal. eitles of "United

States of Amerfen and Canada.”

Hong. Kour Branch

8, Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

All classes of Commercial Banking Transactions undertaken.

Porsonal Investment accounká handled.

Company offers to intending The Travellers the use of its "Travelers Choques" and Letters of Gredit and, Yen.124,250,000 In addition, the world-wide services

Capital (fully paid-up) Yen 100,000,000 Beserve Fund

Head Offee-YOKOHAMA

Branches 'and 'Agencies ́at: Alexandria

Estaris

Berlin

Bombay

Calcutta

Cantop

Nagasaki Nagot New York Danks Parts Peiping

Dairen (Dalny) Rangmon Fengtien (Mukden) Rio de Janeiro Hamburg

San Francisco Hankow.

Beattle Harbin

Somaring Shanghai Singapore Soerabaya

Hong Kong Honolulu

Hainking

Karschl

Kobe 7

London

Los Angeles

Moji

New York, To-day.-Consumption of all kinds of cotton in America during September totalled 1,879,000 bales, as against 1,986,000 bales in August and 2,043,000-hales in Sep- tember last year, according to the New York Cotton Exchange- United Press, per S. Ej, Levy and Company.

FRENCH GOLD FLIGHT TO U.S. EXPECTED

New York, To-day-United States Bankers expect increased im- ports of gold from France-United Press, per S. E. Levy and Company

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

Reserves z

Capital paid up. $8,000,000) 4"

274:$77,000,000:- Capital, Savings Dept, $500,000: Reserve, Savings Dept.::$600,000.

of its thoroughly equipped Travel De-Head Offen-Shangkal partment!

0. H. BENSON;

"General" "Manager,

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact led

Current Accounts opened, and Fixed Deposits received for one year orʼahor" ter period at rates which will be: quot- ed on application.

Safe Deposit Boxes (various sizes)"} [for hire.

PHILIP GOOKCHIN

Chlet Manager. LEGOCKCHIN

Assistant Manager Son

ASALISBHU FONG,

A Bank having an 114 klsalon the Industrial development of China and the fostering of her commer» cial relations-abrosdometa

· Hong Kong, 'offes—7′ Ito' House St.

Phone: 31481–14

Is It Insured? ?

· Insurance *** All: Classes WELOWEST RATES LAR American Asiatic Underwrite

Fed. "Ine U.SZE General Agents":

LOCAL

SHARES.

TO-DAY'S QUOTATIONS,

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

Banka,

H.K. Bank $1830 b., $1,650.8. H.K. Bank (London), 188 n. Chartered Bank £16 n. Mercantile Bank, A. & B. £30 n. Mercantile Bank C. #18 n. Bank of East Asia, $98 n. Am: O. Finance Corp. 8h. $20 a. China O. Fin. Ord., 8h. $4 n. China O. Fin. Pref. Sh. 85 m.

Insurances.

Canton Ins., $285 n. Union Ins., $515 b, China Underwriter, $1.10 b. China Fire Ins, $510 n. H.K. Fire Ins., $2371⁄2 n. - International Assce. Sh. $6 n.

Shipping.

Douglases, $41 n.. H.K. Steamboats, $74 . Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), 888 m. Shell (Bearer) $48/11⁄2 n. Union Waterboats, $18% n.

Mining.

Antamoka, 60 cta, n. Balatocs, $87 n. Baguio Gold, 46 cte. x. Benguet Consolidated $18.75 Benguet Exploration 18 cla.,, Benguet Goldfield, 20 cts. n. 'Big Wedge, 10. eta. n..

Gold Creek, $2 ■.

Gold Rivers, 22 cts. n. Ipo Mining 821⁄2 n. Itogans $6.30 n. Salacots 16 cts. n. Kailan, 21/3 n. Langkats (Single) Sh. $17% n. S'hai Exploration, 8h. $5 S'hai Loans, Sh.80% n. Raubs, $11 b. Venz; Goldfield, $5 n.

Docks, etc.

a.

H.K. Wharves, $107 b. H.K. Docks, $12 b. Providents (old). $1.55 b. Providente (new); $50 cts. n. Hongkews, (old) Sh. $315 n. New Engineerings, Sh. #5%1⁄2 n. Shai Docks, Sh. $128 n.

Cotton Mills.

.

Ewo Cottons St. $9.90 b. S'hai Cottons (old), Sh. $779. S'hai Cottons (néw), 8h. $481⁄2 n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. $65 n.

Lands, Hotels, etc. H.K. and S. Hotels, 34.60

$4.55/60 sa.

H.K. Land $61 0.

H.K. Lands- 4%. Debentures 2%

prem. D.

Shanghai Lands, Sh: 129 n. Metropolitan Lands, Sh.. $14 n. Humphreys, $9% 1.

H.K. Realties, 94% 1í. Asia Realties "A”, Sh. $140 n. Asia Realties "B" Sh.120 m. Chinese Estates, 190 n... Chine Realties, Sh-$18% n. China Debentures Sh. $178 n.

Public Utilities. H.K. Tramwaye, $19.85 n. Peak Trams (old),"$14 n. Peak Trama (new), $7 n. Star Ferries, 1974. n.' Yaumati Ferries 8224 n. C. Lights'(old), $8.55, s. C. Lights (new), $870 n. H&K; Electrics 208in. ~Macao Electrics, $25;n.: -Sandakan Light, 38 a.

Telephone. (old), $281⁄2 5. Telephone ́(new), $10 n. China Buses, Sh.($18.20 n. Singapore Tractions 4/3 b, Singapore Pref. $17/9_b.

*** Industriálu. Malabon Sugars, $8.70 n. Cald: Macg (Ord:), 8h: $21 nộ Cald: Madg. (Pref:), Sh; $20 Canton Ices, 88 b... Coments, $2.15 8.. HK. Ropes, $8 n.

Stores, etc.

Dairy Farme 21

Watsons, $66,0 m "Der. A. Wings, $1 m.

Lane, Grawfords, $4;n. Mackintcehs, $21,n.t Blaceres, $10

Wm. Powella, 70 cta. n. Wing On (HK.) (110 n.

Miscellaneous.

H.K. Amusements, $4 Entertainments, $71⁄2 n S.0 Enterprises,=1:1.

Theatres, Sh

reyhounds,'

Vabri

(old), $1.80 n. 2 (new),75 cta. b.

Piling, $8.60; n

Govt 5% 1925 G#Bag,——–87%1 H.K, Govt: 4%. Losn 8% prera, fie Gort.8% Loan 25%

lace Harpers,” IND

RAIL INDUSTRY REQUIRES REVITALISING

Eastman Makes Recommendations

Birmingham, To-day.

In a speech here yesterday, the Federal Co-Ordinator of Trans- portation, Mr. Joaoph B. Eastman, urged the railroads, labour, and shippers to co-operate in an effort to revitalise the rail industry.')"

He recommended the pooling of cards and traffic, the Joint use of shops, the modernisation of equip ment, a reduction in transfers of freight and care, and simplication of inter-company necounting through a clearing house-United Prese per S. E. Levy and Company.

MILK INDUSTRY IN AMERICA

Minimum Price Fixing Constitutional

PRE-ELECTION

APATHY SEEN ON

WALL STREET

Bright Forecast For Steel

PIG-IRON OUTPUT UP

NEW ADVERTISEMENTS

PUBLIC AUCTION

Tinstructions to sell by Pabli

THE Undersigned have received

Auction......

ON

Friday, the 9th. November, 1934; commencing at 2.30 p.m.

at their Sales Room,

Duddell Street

'A Quantity of

VALUABLE HOUSEHOLD

New York, To-day. Wall Street expects pre-Election apathy. Favourable market factors yesterday were that the magazine Steel" has reported that produc tion of pig-iron during October Comprising: totalled 961,540 tons, 6.8 per cent.|

FURNITURE

Teak hatatands, Chesterfield.

extension

above the September production couches and armchairs, Teak ca- dining and has predicted steady increases binets, Teak in steel production, and that gase-tables and chairs, Teak cheat of line producers are uniting in an drawers, Teak bookcases, Teak effort to maintain the price struc, bedstead, Teak wardrobes with

mirror door, Teak dressing tables,:: ture

chost, Was Tea poys, Screen, Ice An unfavourable factors that the Federal Reserve Board Bronze ware, Cutlery, Dinner has reported that Bank debita crockery, Glass and brass ware, totalled $6,697,000,000, 5 per cent. Pictures, Carpets, Gramaphones SPECIAL TO SUNDAY HERALD. below those of last year.-Reuter.& records, Teak filing cabinets, (By Telegraph, Copyright, Telegra phie Messages Ordinance, 1886, R.S. E. Levy And Company's Report Office desks, Typewriters, Rattan ceived November 8, 821 )

In their market report, Messrs, chairs and table, Clocks, Cloisonne Washington, To-day. S. E. Levy and Company, corres-vases, Books, Meat safes, Golf clubs, The United States Supreme Court pondents for Messrs. White. Wald Fire brasses etc., etc. has ruled that the minimum price and Company, New York state:

also

and

One Cottage Piano by "Robin-

Piano Co."

One Kelvinator.

One Grandfather clock.

On View from Thursday, the

8th. November, 1934.

Terms: Cash on Delivery,

fixing for the milk industry is con- "Stocke:The market was firm-] A Quantity of Blackwood ware stitutional, despite the fact that the er, though there was little change weaker companies may possibly be in conditions. 760,000 shares. unable to maintain the pace. The "Bonds:-United States Govern-son ruling is considered most important ment bonds were easier. High- indicating the attitude towards re-grades were firm, while second- covery legislation.

grades were slightly better.

"Grains:-Messrs. J. E. Bennett The Supreme Court also granted the plea of the Solicitor General, & Co. believe that the grains mar Mr. James C. Biggs, for immediate ket is acting as if it is in a sold- consideration of the devaluation out condition and that purchases advis. question raised the via Missouri-on any good setback are Pacific re-organisation. →→ United able. Total sales: Wheat. 13,- Press, per S. E. Levy and Company. 642,000 bushels: Corn: 6.873,000

bushels.

(Continued on Page 7) Latest Quotations

HOPE RETURNS TO

WALL STREET

Market Now In Buying Level

SPECIAL TO CHINA MAIL: (By Telegraph, Copyright, Telegra

The following quotations have been received through Messrs, S. E Levy and Company and the`Ameri a Oriental Finance Corpora

ttán:

phic Messages Ordinance, 1804, Re-N.Y/Landon |ceived November 6, 821_a.m.):

Cross-Rate

New York, Yesterday.

Last To-day's

New York. To-day. NY. Cotton Dec. ... 12.12 12.04

N.Y., Rubber-Dec. Wall Street is hopeful that mar Chic Wheat-Dec. 98% D8% ket conditions will improve fol- Chic Corn-Dec: 76 77

Favourable Montreal Silver-Dec. 52.70, lowing the election.

..63 .53 factors yesterday were the rise Silver Official

(Dow Jones Avg.) in steel production, and optimigra among the brokers, many of whom figure that the market is now, in the buying level.

10 up

1. To-day'a J Nov. & Close Changa. 30 Industriale 94.95 98,08. 1.11 up: | 20⋅ Rails 34.74 34.92

20 Utilities 19.36 19.40 ,04 up Unfavourable factors were the

40 Bonds....

95.25 98.16 continued market inertia and the 11 Commodity disposition of some traders to Index ... 57.59 57.72 take small profits.-United Press,

17 Leading Blocks per S. E. Levy and Company..

Amar Can Amer Can

GOLD PRODUCTION Ainer Smelt & Ref

IN AMERICA

Amer Tel&Tel

Auburn

J. L. Case

¡Du Pont

September Figure Shows Blee Bond & Share

Increase

- SPECIAL TO CHINA MAIL.

(By Telegraph, Copyright Telegro

General Motors ·

Int Tel & Tel

McIntyre

Montgomery Ward

Nat Distillers

Socony-Vacuum

phie Mersages Ordinance, 1891. RN.Y. Central ceived November 6, 8.21 a.m.)

Washington, To-day.

The Bureau of Statistics shows that the United States gold produc- tion for September was 284,000 ounces, which was 45,000 ouncea more than in August.

was

Nine months' production 2,107,000 ounces, as compared with 1.759,000 ounces last year, A

The world output for the nine months was 19,617,000, as compared with 17,795,000 ounces last year. United Press, pèr 5. E. Levy and Company.

GOVERNMENT SILVER

·TAKINGS IN US.

✅ New York, To-day-The Trea- Bury has announced that the Gov ernment took over 105,226,210. ounces of allver from domestic holders between August 9 and November 2 under the nationalīša tion order United Press, per S. E. Levy and Company.

STEEL PRODUCTION REACHES HIGH MARK IN US.

New York, To-day-The Ameri- can Steel Institute estimates pro- duction at 26.8 per cent. of capacity, |as compared with, 25. per cent. „last week. The figure is, the highest since July 28United Press per 5.-E. Lavy and Company,

GENERAL MOTORS DIVIDEND

eneral

$25

Union Pacific U.S.. Steel West & M

LAMMERT BROS.

Auctioneers.

Hong Kong, 6th November, 1934...

XXX

Everything gone.. BUT YOUR SAVINGS

RENT

Close Close

4.98% 4.99

FOOD

12.07

18.03

CLOTHING

52.40

HEAT

TAXES

WATER

.07 off

CHITS

Close

100%

102

851⁄2

SAVINGS

"111"

25

47:5%

SAVE SOMETHING

981A

30

9

44%

28%

23

Business done;-760,000 shares..

What about, an:

.for

ANNUITY

old age? West Coast Life Insurance Co.

Bornemann & Co.

Des Voeux Rd. Cul

New

START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Lite Building

Hong Kong

Tel 50284

AMERICAN EXPORTS TO

CUBA SOAR

York, Tod

exports to Cuba were 85 per cent above those of last aar. The is attributed to the Regiprocal

Tel. 24512 Agreement-United Press, per

E Lavy and Company.

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 YOLL

17 ICE HOUSE STREET, HONG KONG

Tol 30101 and B0109