1934-11-15 — Page 6

BANKS

HONG KONG AND SHANGHAI‍

BANKING CORPORATION.

Laborland Capital

*već sad Yully Paid-up

Bera Punda

Sterling

*** $80,000,000 30.000.000

£1,500,000

Bitor arcano u $10,800,000

Borro Llability of Propelators $20,000,000

HEAD OFFICE, HONGKONG,"

BOARD OF DIRECTORS, Noo, Mr. G. G. 1, Mackla Chairman,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1868.

HEAD OFFICE: LONDON

Paid-up Capital

..$3,000,000

Reserve Fund

•£8,000,000

Reserve Liability of Pro

prietors

«£3,000,000

Agencies and Branches:

Alor Star

Rangoon

Amrikand

Salon.

Deputy Chairman.

Bangkok

Kanalı

Kerang

10. Miskia, Ex.

Belaria

Berensban

1. Cuaron, keq.

Kick Eag

L. H. Harrison, Log.

Doshay

Shanghai

T. E. Pero, Kay.

Calcut's

Blogspors

Casios

Inipur

Biti

Our pore

Kuching

Bourblys

Orbs

Taiping

Dalombe

Handia

Tival

New York

Stout Mr. W, JJ, Dalvell

W, il. Ball. Kwa+

32 6. Eaight, Esq.".

autor

BANGKOK

MATAVIA

MONDAY CALOUTTA CANTON CHEFOO COLOMID

DAIREN

PHUW PHONG

KAMBURO BANKON

KONGLEW

HARBIN

ILOILO

TOBE

HOWLOON

Y. M. Oraybera, kay,

Chiti Masage.

BRANDLES —

LAINDON LYONN

MADAUGA

MANILA

MUAR (Johor)

MUKDEN

NEW YORK

PEITIKO FENAKU

IANGOON

BAKION

BAN FRANCISCO

KUALA LUMPUR

BILANQUA

SINGAPORE

SOUBABAYA

HUNGRI PATANI

TIENTHIN

TOKYO

THINGTAO

YOKOHAMA

Current Appunta opened to Local Currency

and Vized Deposita recited for one you o shorter periods in Local Company and Berling

Delhi

Uankow

Barbia

Hong Bour

bang Tenang

Tengkak

[(Bazhar)

Yokohama Zamboanga

ertiga Deshange and General Backing buriame

tramoled.

Curreal Accounts spaced and Fixed Depolis received for one year be shorter periods which will be quoted on application

W. B. THOMAS,

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

THE BANK OF CANTON, LTD.

Katablohed 1911.

Head Office:-Hour Kong

barms which will be quoted us spplication. Authorised Capital Hong Kong, 18th April, 1934..

Paid-up Capital

Total Resources NAKAKO. Branches: Canton, Tolahan, Shangbat, Hankow, Bangkok & San Francisco.

HONG KONG SAVINGS BANK London Bankers: Lloyds Bank Ltd

The Bus of the above Bank' le consul- br 1 BONG LONG AND SHANGHAI BANKING CORPORATION. Bylee maybe bétained on application.

FOR THE HONG KONG AND BHANGHAI DANKING CORPORATION.

7. M. GRAYBURN,

Cale! Manager.

Mony Kong, Mi February, 1984,

THE BANK OF EAST ASIA, LTD.Į

Bashorised Deplial

Pup Cayital

-$10,000,000,00

››§ 5,500,000.OU

tra and Vndivided Prodie$3,434,000,00

HEAD OFFICE: HONT IDME

El. Das Vaux Blood Contral.

BOLRD OF DIRECTORS—

Bir Bhou-son Chow, Chels

14. Ann Chum, E., P. X. Emak, 294, TOOK

Taa Tong. Eag., Chan Ching Bhak, Eng., Li Lan

Po

Kao Toog Fo, Eng.. Chist ManagİZ,

La Tre Fong, Ziq, Manager.

раничение

BRANCHES AND AGENCIES:-

Mualla

Melbourne

علائمين

Kortals

Bew York

Semarang Shanghai Sinambere

Draka

Paris

Palpins

bydary

Папенд

Hangout

Salgod

Tokyo

San Francisco

Trocoder

Yokohama

27 desongin of Barking and Ra bachon krasanclad. Losse grated e shpetsia

Carten! Accounts opened in Gosal Quresh me Filed Deposita moudend for som jane ne shektár periode, De Local not Porsiga Dammola

Had Deposit Doses' To 'Lat:

KAN TONG:10,

Hong Kong, 4 March, 2394.

THE BANK OF TAIWAN, LTD.

Head Offco-Talkoku, FormDÉG, Incorporated in Japan by Spatial Impérial Charter, 1899.

Central Bank of Fermoss, Notes

isqued. Average amount Y.£5,000,000

Bradekes and Agencies, Japan:-Kobe, Osaka, "Tokyo, Yoko

dama, Keelung, “Mikoëg,” Nanto, Shoka, Shinchiky, Taichu, Tainan, Faito, Takao, Tamsul, Toan, Karenko

1 Kazi, Heito, Giran,

China-Amoy, Cantón, Frochow, Han-

kow, Shanghai, Bwator. Others: Bombay, Hộng Kong, London, New York, Singapore, Batavia, Bamarang, Boerabaya, Dairem.

Foreign Exchange

and Banking business of every discription trang acted.

shorter periods at rates which will be quoted on application.

THE CHINA MAIL, THURSDAY, NOVEMBER 15, 1934--

Commerce and Finance

LOCAL DOLLAR STEADY

Silver Prices Decline

The local dollar is steady, open- Ing on demand. this morning at 1/794.

Spot and forward silver prices declined %, closing at 244 and 24%, respectively.

The London on New York eroga- rate which closed on Tuesday at -U.S.$6,00% closed yesterday at £-U.S.$4.99%, while the New York on London rate closed at £-U.S. $4.99%, as compared with U.S.$5.003%."

EXCHANGES.

TO-DAY'S QUOTATIONĖ.

T.T.

LOCAL SHARES.

TO-DAY'S QUOTATIONS..

NEW YORK STOCK EXCHANGE

S. E. Levy And Co, And A.0.F.C. Quotations

The following quotations from New York have been received by Messra 8. E. Levy and the American Oriental! Finance Corporation.

Last

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

Banks.

.

H.K. Bank 1610 b.. H.K. Bank (London), £134 n. Chartered Bank £16 . Mercantile Bank, A: & B; 292 1. Mercantile Bank C, 18 n. Bank of East Asis, $93 n Am: O. Finance Corp., Bh: 320 a. Chins 0. Fin, Ord., Sh: 14.m. China O. Fin. Pref. Sh. 35 m.

Insurances,

Canton Ins.. $285 8. Union Ins., $520. b. China Underwriter, $1.15 n. China Fire Ins., $510 n. H.K. Fire Ins.,'$2371⁄2 n. International Assce, Sh. $6 2. Shipping,

Douglases, $41 n.

H.K. Steamboats, $74. Indo-Chinas (Pref.), $80 D. Indo-Chinas (Def.), $39 n. Shell (Bearer) $43/1% n. Union Waterboats, $18 n.

Mining.

Benguet Exploration 18 ets. b. Benguet Goldfield, 20 cts. n.

On London-

1774

On demand

1/734

4 months' aight

1/7/

$11,000,000 8,865,000

Credits 4 months' sight 1/8

88,170,492 On Shanghai--

On demand

120

On Singapore............

On demand

70

Antamoks, 60 cts. n.

On Japan:

Balatoca,. $87, n.

On demand

140%

Bagulo Gold, 48 cts. n.

Current Accounts opened and Fixed On India- Deposits received for one YEAR OF On T.T, and demand

Benguet Consolidated $13% n.

1093%

On New York-

for hire.

Safe Depot Boxes (various sizes);

LOOK POONG SHAN,

Chit Mag-

On demand

41%

Big Wedge, 10 cts. n.

Credits 60 days' sight

42%

Gold Creek, $2 mi

On Batavia

Gold Rivera, 21 cts: n.

On demand

60%

Ipo Mining $21⁄2 n.

On Paris

Itogans. $6,80...

On demand

626

Credits 4 months' sight.. 655

Kallan, 19/41⁄2 D.

On Saigon-

On 'demand

62%

Un Manila-

On demand

On Bangkok-

On demand

112%

located on the Mezzanine Floor of

Sovereigns Bank Buying rate

1/8%

244

noma.

nom.

SAFETY FIRST!

To Safeguard Your Valuables and Cavollarios,

Deposit them in a yanis

that is really: FIRE PROOF BURGLAR-PROOP.

DAMP PROOM

OUR SAFE DEPOSIT VAULT

Our New building is Specially Con structed to provide all of these Im-Bar Silver per oz., portant Qualities.

Bar Silver In Hong You may obtain a Safe Deposit Box in this most up-to-date Vault for Copper Cash

Kong your own use at a very, moderate Ren-Copper Cents

1% prem. Inspection Cordially Invited Chinese Sub Coin 272% dis

Rate of Native Interest 8% p.a, THE NATIONAL COMMERCIAL & BÁVINGS BANK, LTD,

Hong Kong Sub. Coin .. Par Corner of Ice House Street an

LONDON EXCHANGES Den Veues Bond. Central

47

Paris New York

London, Yesterday. -76-27/32

Salacots 16 cts. n.

Langkats (Single) Sh. $17 n. S'hai Exploration, Sh. $8% n. S'hai Loans, Sh.$9% 0.

Raubs, $11% n.

Venz; Goldfield, 35 n.

Docks, etc.

H.K. Wharves, $109 n. H.K. Docks, $12%.. Providents (old), $1.55 b.

Providents (new), $50 cta, n. Hongkews, Sh.39.15 n..

New Engineerings, Sh. $5% n. S'hai Docks, Sh. $128 n.

Celton Mills,

Ewo Cottons Sh. 10.15 n. S'hai Cottona (old), Sh. $77% S'hal Cottons (new), Sh. $46% Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. 155 m.

Lands, Hotels, etc. H.K. and S. Hotels, $4.70

$4.80 8.

Close 10.10. 11.00

5.00% 4.99% 4.09%

12.32 12.81 12.42 -12.42

NY Cotton Dec. 12.34

Mar...

12.45 M. Silver Dec. 56.10

Mar... 56.20b NY Silk Dec. 129 NY Rabber Dec. 13.24

Mar

...... 13.58 C. Whent Déc.. 100

May

U.S.

WINTER WHEAT CROP LOW

A.A.A. Section Head's

Forecast

COTTON STATISTICS

BPECIAL TO CHINA MAIL, (By Telegraph Copyright, Telegra phio Messages Ordinance, 1896. "Ba coived November 15, 11:48 am,) ||

PESSIMISM RULES WALL STREET

Railroad Shares Fail To Advance

FEARS FOR GOLD BLOC-

New York, To-day.

Wall Street technicians consider thai a sustained market up-swing Washington, To-day, is unlikely, due to the failure of Mr. George Farrell, chief of the railroad shares to participate in

54.06b 54.70h Agriculture Adjustment Adminis- the advance. 55.70b 55.90tration wheat section, has predicted

will be somewhat below normal.

on 'the

A favourable, factor yesterday 1281b that the 1936 Winter Wheat crop was that oil companies have ad- 13.14b 19.04 13.48 13.85

vanced gasoline prices .094

seaboard. 08% B24

-A census of the United States eastern cotton consumption for October An unfavourable factor was that shows 620,310 bales as compared the crisis in Belgium is reflecting fears for the downfall of the gold

compared with 480,000 in Septem-S. E. Levy And Company's Report

ber and 1,045,000 in October last year....

99%

C. Corn May

83%

W. Wheat May STOCKS:

82%

with 504,055 for October 1983.

Amer Smelting 36% Auburn

36T

807

Exports were 816,000 bales, as bloc

264

25%

25%

24%

2944

97

97

#

30/1

US Steel. 84% 34%

80% D 30% 30TZ 28% 234 23.23% 21 2144 4244 424

844

London Prices

Con Gas NY. 24 Du Pont... 97% Elec Bo & Share 9% General Motors 30% Int Tel and Tel 9% Loew's Inc. ... 31. Mont. Ward ... 28% Nat Distillers.. 23 NY Central... 214 Stan Oil NJ.. 43%

In their market report, Mesgrs. S. E. Levy and Company, corres- Total exports för August, Seppondents for Messrs, White, Weld tember and October were 1,868,000 and Company. New York state: bales, as compared with 2,445,000 "Stocks: We still believe that for the corresponding period of last any reaction should be utilized for purchases. Business done :-960,-- 000 shares.

"Bonds:-United States Govern-

[year.

Spindles totalled 25,095,000, as col compared with 25,888,936 in Octo

per

The following quotations from Lon- ber last year.-United Preas, don wore received last night between S. E. Levy and Company, 6.30 p.m. and 10.30 p.m.

Silver: Spot 24 (last close), 24% (last recd.), down (change).

Silver: Forward 25 (last close), 241% (last recd.), down (change). Silver, Report: China sold. lators bought and sold. Market quiet,

Spect

BRITAIN'S FOREIGN

TRADE

Gold: 189/01 (last close), 199/3 Figures Show Increase (last recd.), 3d. up (change).

London/N.Y. Belling Rate: 5.00 (last close), 4.09-18/10 (last close), 3/16] down (change).

London/Paris Selling Rate: 75,38 (last close), 75.90 (last recd.), 06 down (change)..

Over Last Year

London, To-day.

The Board of Trade returns for

at

Liverpool Cotton-Mar: 6.69 (aat October show Imports valued close), 658 (last recd), .01 down 266,998,580, as against a total of (change).

41

ment bonds were unchanged. High- grades were fractionally better, with buying interest increasing.. Second-grade issues were easier.

"Grains: Barring any tempor- Jary technical setbacks, the trend of the market, especially Corn, -19,519,000 bushels; Corn:-18,- looks higher. Total sales: Wheat:

391,000 bushels,

(Continued on Page 7)

F

TEXAS "HOT OIL CURBED"

$57,798,498 in September, and ex- New York, To-day-The produc- Liverpool Wheat-Dec.: 4/103% (last ports amounting to £36,748,545 astion of "hot oll" in Texas was re close), 4/10% (last recd.), down against £33,957,248 in the previous duced by 75 per cent. last week.- (change):

United Press, per 8. E. Levy and were Company.

London Rubber-Jan.-Mar: (buyers) month. 6% (last clore), 6-7/16 (last red.). Figures 1/16 down (change)...

London Rubber-Jan.-Mar.: (sellers) 6% (last close), 6-9/10 (last reod.) 1/18 down (change),

for

re-export (£4,001,668 last month and £8,249,837

in September.

Figures for October of last year

London Bubber Jan.-Mar.: at noon were, imports £61,765,814, exports (buyers) 6% (last recd.)

London's Forecast

£84,180,986, re-exports £4,571,005. || A forecast from London on the For the 10 months of the current probable trend of the New York year, Imports show an increase overi market, states:

1983 of £66,174,518, and exporta re- Little outstanding improvement is present an increase over the pre- expected on Wall Street. Movements

are most likely to be governed by news vious year of £28,228,309.—British items which come to land during the Wireless Service,

session, “Makan PERS

Cotton may open dúlle? The” Agrícula

LENDING

U.S. To Consolidate Federal Agencies

a.rours increased acrenge fearing the

tural Adjustment Administration to CO-ORDINATION OF n. logical conclusion that no curtailment. in Brazil would provide export com. petition for United States cotton, simi- lar to, the Argentine and Canadian h, justment Administration does not fa wheat situation., The Agricultural Ad

your lower pries, however, hoping that foreign traders will use the credits)

Washington, Today, a President Roosevelt has appoint-] chase cotton.

ed a committee headed by the Rabber prices are expected to be Treasury Secretary, Mr. Henry alightly lower.

H.K. Lands 4% Debentures 1 ring from silver imports etc. to pur-

Prem. n.

4.99%

|AMERICAN = EXPR

Montreal

4.36%

·COMPANY:

Brussels

21:44

"INC.*

H.K. Land,. $511⁄4TM b.

Géreva

-15.39

Amsterdam

7.39

Head Office:-53, Broadway, New York

Milan

58%

Shanghai Lands, Sh. $29 n.

Berlin

Stockholm

Capital Surplus Reserves

12.43 19.39/2

. U.8.$8,000,000.00

Copenhagen Oslo

22.40

H.K. Realties, 141⁄2 n

Vienna

19.90% 27

Prague

Helsingfors

Madrid

Lisbon

Ametardam Adviy

BRANCHES:

diou

Bart Berlin

Hlavans Hamburg Havre

Athens

Bordb42

bar

Brymen

Brussels

Eolaclaben Jermal

Bucharest...

Cairo

Dualis Carper Colombo

Belgrade Rio

LALICE

Marcalion

Mogle Garde

Munich

Monten

Edinburgh

On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 134% pa, en dully Terms balance and; the rate for balanos „over || Gipera $10,000 will:ba quoted on application | : (Maximum rata=1%).

Hong Kong Branch

.

London

Liverpool

Lagar

Y. OHNO, Branches of American Express Com-

Manager.pany In Principal cities of United]

States of America and Canada:

8, Des Voeux Road, Central-

All classes of Commercial Banking Fransactions undertaken

THE YOKOHAMA SPECIE BANK Pos on al investment accounts

LIMITED.

Established 1886

handled,

The Company offers to intending Tavallers the use of ita "Travelers

119% 226

86 19/32 110%

528 Sellers

497

219

4% Sellers Official Buenos Aires 28% Sellers Of Montevideo ..39 Sellers Ofclàl· Bombay

1/6 1/16

Shanghal

Hong Kong

Tokohama

Silver Spot Silver Forward

Metropolitan Lands, Sh. Humphreys, 50%

Asia Realties "A", 8b. 1140 n. Asia Realtles "B" 86.320 ¤, Chinese Estates, 390 n.

China Realties, Sh. $151. n. China Debentures 3h: $187 n.

Publie Utilités

H.K. Tramways, $19:10 n. Peak Trame (old), $14 n.. Peak Trams (naw), 7 n. Star Ferries, $97%.

Yaumati Ferries $221⁄2 n.

C. "Light (old); $8.90.b., $9 an. C. Light (new), $8.65 b.

1/4,3/16

H.K. Electrice $67% n.

1/8

Macao Electrics, $25 n.

1/2

Sandakan Light, $8 a,

24

247%

British Wireless Service, (NB. Several words missed and doubtful owing to bad atmospheric conditions)

RAW RUBBER PRICES

Capital (fully paid-up) Yen.100,000,000 Cheques and Letors of Gredit Latest Quotations From

Reserva Fund

... Yên124,250,000 in addition, the world-wide services fits thoroughly equipped Travel De- partment.

Head Office:-YOKOHAMA

Branches and Agencies at:

Nagamak! Nagoya

Alexandria

Batavia

Berlin

Bombay

Calcutta Blanton

New York Osika Paris Peiping Daren (Dalay) Rangoon Fongtien (Mukden) Rio de Janeiro Hamburg

San Francisca Seattle Semarang Shanghai

Hankow

yerbin

Kong

Honolulu Hainklar Karachi Robe

London

Los Angeles

anlis

mbays

gapore

Sydney

Toky Taingtan Yingkow

Interset allowed on Uzrrent

Deposita rocafred for fred

Pates to be obtained

Singapore

Messrs. H. B. Joseph and Co. have C. H. BENSON, received the following Straits: Cup General Manager.rency quotaționa from Singapore

for Raw Rubber.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact- jed...

Current Accounts opened and Fixed Deposits received for one year or ahor ter perlod at rates which will be quot ed on appliestion,

Safa Deposit Boxes (various aides/ Ac-for hires, kouluak,

PHILIP GOCKCHIN: Chief Manager L. GOOKCHIN FAIR Assistant Manager

Hong Kong, 11th September, 1974:

LL BHU FONGA

Jan-March-22 down April-June24 down

ry Market: Uncertain.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED,

(Incorporated; Capital

J

Wheat is expected to be easy. There Morgentham to co-ordinate all the is a slight improvement in the weather lending activities of the Govern In the South-west. In corn, visiblement. supplies are very big but are shrinking It is believed that the step marks rapidly. The weather in the Northern belt is colder.

DUTCH FLORIN IN DANGER?

Gold Value Adjustment May Be Made

SPECIAL TO CHINA MATE, SE

T'slagraph, Copyright; Telegra- phic, Messages Ordinace, 105 Be ceived November 15, 11.49 am)

Amsterdam, To day.

the beginning of the consolidation of Federal agencies with a view to absorbing the emergency unita as the recovery campaign permits.

President Roosevelt has announc ed that the future programme of the Administration as regards the emergency units would probably frot be definitely decided until Janu- Bry 1-Reuter

EXCHANGE DEALINGS IN CRUDE OIL FOUGHT

Dallas,to-day-The American

Telephone (old), $28.20 b,, 829.45 Dr. P. J. Oud, Dutch Minister Petroleum Institute directora have

82.

Telephone (new), 1985,1,, Singapore Tractions 478 b. China Buses, Sh, $18.20 n.

Singapore Pref $179 Malabon Sugars, 18.70 Industrials,

Cald; Macg. (Ord.), shtat Cald: Macy. (Prof.), Sh. 120 n. Canton Ices, $2.85 ex div, b. Cements, $2 bay H.K. Ropes,3⁄41⁄2- B.--. Stares, ple Dairy Far Watsons $55 Der A Win Lane, Crawford, 4 Mackintosh $20 Sinceres $10

Wm. Powe

Wing On

TH

of Finance, in the course of a passed a résolution against the speech on the subiect of devalua-exchange dealing in crude, all tion of currencies, said that if United Press par S. E Levy and stable relations between the vari

ous currencies were again estab

shed the Netherlands would be forced to consider whether the present gold value of the florin should be maintained.

He stressed, however, the fact that such adjustment, if made; should not be regarded as devald ation, but as part of a definite polley. Dr. Oud declared that the single handed devaluations of other countries had made the world situation worse. United Preas, per 8. E Levy and Co

Is it Insured?

Gese

Company,

XXXE

Everything gone.. BUT YOUR SAVINGS

RENT

FOOD

CLOTHING

HEAT

AXES

WATER

CHIES

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS

SAVINGS BANK FOR THE FAR EAST.

INC:

Aula Life Building-

Hórig

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 BICHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD'OF TRADE

CORRE ONDENTS FOR WHITE, WELD & CO. NEW YORK

ICE HOUSE STREET, HONG KONG

Tel. 80101 and 80108