1934-11-16 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

*

amortual Cepitat pe numm $50.001,000 ked and Fuly Paktop 20,000.00 Barra Funditu

Art. 6,500,000

$10,000,000

Bor Liability of Proprietors

HELD OPPIOR, HONGKONG..

BOARD OF DIRECTORA. Hon. Mr. O, k, B. Mackin Chairman,

Hon Str. N. 14. Dodwell

Deputy Chairs.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON"

Berembau

T

$30,000,000

Paid-up Capital

£3,030,000

Reserve Fund

.£9,000,000

Resorve Liability of Pro-

prietora

£3,000,000

Agencies and Branches:

Alor Br

Ballo.

Rangoes

Amritsar

Epok

Balgon

Bangkok

Hema

W. B. Bell, Kay.

G. Mukin, Req."

Batarla

Klana

a. El. Compton,

8.5. Moerleon, Kay.

Bombay

Koke

Shoghi

Colquite

Ka

Singapore

Osalon

Tamper

Millowan

§. 4. Külght, Eng.

Carpor

Tublado

Bourabay

V. K. Graybard, kog.

Cabu

Madesa

Taiping

Chief Manag

Colomalie

Manils

Tenisia

·Daiki

Madag

Tongkah

Halphose

New York

(Ellen)

Hamburg

Polplay

Tungian

Hallow

(Pering

Yokohama

LYONN

Huebla

MALAOGA

MUAB (Jahre)

MULDEN

PEIPING

PENAKO

AKOY

MATOKOK

BATAVIA

BOMBAY

DALOUTTA

OANTON

01.05

PAYERE

FOO

POOCHOW

HAIPHONG

HAMBURGI

MANKOW

ELARDIN

*FONOKEW

ILOILO

SPOR

SOHURA

хорв

KOWLOON

UBANDU

LONDON

MANILAN

NEW YORK

BARODOM

MAIGON

HAN FRANCISCO

KUALA LUMPUR

HILANDBAL:

NINUSPORE

ELABAYA

HUNDEI PATAKI

TIENTSCH

TOKYO

*TRINGTAO

YOKOHAMA

Qurreal Acuause, opened in?Karel Ourrency sad Piand Deposit posted for on your o shorter periods in bocal Company and Sterling

- THE CHINA MAIL, FRIDAY, NOVEMBER 16, 1934

Commerce and

Finance

LOCAL DOLLAR STEADY

Silver Prices. Firm

The focal dollar is steady, open- ing on demand this morning at

Spot and forward silver prices were steady, closing at 24% and 24%, respectively...

The London on New York cross- rate, which closed on Wednesday Tuning

Zamboanga

at US.84.99% closed yesterday Yoralys Burkaaya-and Osneral Banking business -

at -U.S.$4,99%, while the New! Curreal Accounts · opsued and Find Deposita received for use your or shorter perioda as entes York on London rate closed |which will be quoted on appliesalom.

changed at US$4.991. W. H. E. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1912.

un-

RAW RUBBER PRICES

Latest Quotations From Singapore

Head Office:-Hong Kong.

Messra, H. B. Joseph and Co. have received the following Straits Cur- $11,000,000

8,856,000 rency quotations from Singapete 82,170,408 for Raw Rubber.

un barna which will be posted of application. Authorised'. Capital

Hong Run 18th April, 104,

Paid-up Capital

Total Resources

Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Franelaco.

HONG KONG SAVINGS BANK. London Bankers: Lloyds Bank, Ltd.,

The Buns of the shore Basi la 'soodus

by the HONG KONG AND BUANUBA!

BANKING CORPORATION.

plained on application.

Hlas may be

Bankdag

Foreign Exchange and Business of every discription trans- meted.

Current Accounts opened and Fixed;

one year or

NOS THE HONG KONG AND SHANGHAI Deposits receired for BANKING CORPORATION

V. M. GRAYBURN,

Chial- Madagot,

Hong Hong, 26th February, 1064.

THE BANK OF EAST ASIA, LTD.

Amberland Capital

adap Capital

Movers and Undividet Profis

LA

$10,000,000.00 $2,100.00

HEAD OFFICE-HONG KONG

13, Das mus Hoad Central,

'BOARD 13 DIBECTORS ——

Air Hou Chow, Chelenska,

Chan, Esq. P. & Krok,” De, Fong

Fun Tong Leg.. Chao Ching Shes, Key, Li Lan Lang: Erg. Wong Chu Son, Eng and Lea Flog Po,Zag

Kan Tong Fo. Esq., Chief Maunger.

La The Fodj. 59, Manage.

GRANCHES AND ABEHOURS :-

Afande Melbourne Nagmaalsk

GRANCE) -

Bombay

New, Zoek

Salon

Osaka...

Hankey

Peipiam

hydna?

Baragon

Xawiosn

Saigon

Jah Frazato

Tokyo

Yokohama Grory Lowription of Braking and, Eisbarga) baina inanaciad. Coses grated on approved

konta pa in Local Ouriene

sad Pised Deporita copalved for our fear of short periode in Local, and, Forely Currencies

her which will, be quoted de application. Hate Deposit Boxes To Let

A

KAN TONG PO,

Han Chief Masangor.

Bung Boog, lat March, 1888.

THE BANK OF TAIWAN, LTD.

Head Office: Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1999.

Central Bank of Formosa; Notes-

issued Average amount, 145,000,000 Branches and Agencias..

Japan:-Kobe, Osaka, Tokyo, Yoko-

shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POUND GRAN,

Chief Manager.

SAFETY FIRST ! To Safeguard Your Valuable and Jewelleries. 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- stracted to provide all of these Im- portant Qualities.""

You may obtain a Safe Deposit Box in this most up-to-date Vault for

Jan.-March-22 1/4 Up 1/4. April-June-24 1/4 Up 1/4.

Market:-Steadier.

LOCOMOTIVES FOR SOUTH AMERICA

Philadelphian Firms Given Contracts

SPECIAL TO CHINA MAIL

Philadelphia, To-day. The Baldwin Locomotive Com pany, and the Bethlehem Steal Cor-- poration, are exporting to-day, to Valparaiso and Chile, 10 locomotive and tenders, and 15 passenger cars, the largest shipment since 1929,- United Press, per S. E. Levy and Company.

BRITISH STOCK MARKET

your own use at a very moderate Reo Consols Touch Highest

tal,

Inspection Cordially Invited. THE NATIONAL COMMERCIAL ^★ GAVINGS BANK, LTD. "Corner of Ies House Street and

Des Voeux Road, Central «

THR

Mark In 30 Years

London, To-day.

There were further big move. ments in quotations of gilt-edged securities on the stock markets yesterday.

Old Consols at 2% per cent. reached 92, the highest for $0

| AMERICAN EXPRESS COMPANT, years, and War Loan at 3% per

INC.

Head Offee:-65, Broadway, New York

Capital

Surplus Resgryes

.U.S.$8,000,000.00. ******. 2,087,112.69 ****.............. 1,095,528.31-

BRANCHES:-

Amsterdam

Genok

AR

HAPA.:

hama, Kedlung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan," Anam Taito, Takao, Tamsui, Toen, Karenko, Beats Kagi, Helto, Giran,

Hedberg Interlak Jerusalem London Liverpool

Logan

Berlin

Brass

Care Cal

Deblia

Canno Copenhagen

laburgh Florence GenerË

Mursalin

Monte Carlo

Kanila

Kanieri.

Montroug

China:-Amoy, Canton, Foochow, Han-Bombay

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairent. Colombo On and after April 20th, 1984, the rate of Interest on Special. Qurrent Deposit will be at 13⁄4%%'p.a. on dally balance and the rate for balance over $10,000 will be quoted on application (Maximum rate...1%),x_

Y. OHNO

Hong Kong Branch

Milan No Naple Phas Parlo Polping Taleems Rollends Botaa Shinght: SouLampo

Tlantatu

Vissna Venlos

Zuziah

Branches of American Express Com-

cent. touched 109%.

Markets closed. however, with prices well under the beat, with War Loan at 108% and Consols at 91-British, Wireless Service.

INTERNATIONAL NICKEL PROFITS LOWER

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

NEW PROBE IN AMERICA

Telephone Company Investigation

PUBLIC HEARING IN 1935

SPECIAL TO CHINA MAIL.

CHEERFUL TONE ON WALL STREET

Extension Of Rally Indicated

TRADERS STILL CAUTIOUS

LOAN COMMITTEE. IN AMERICA

Roosevelt's Latest Creation

SPECIAL TO CHINA MAIN (By Telegraph, Copyright, Telegra» phio Messages Ordinance, 1894, Rae forived November 10, 1.19 ani);

Washington, Today.. President Roosevelt, has an nounced the creation of a loan'

New York, To-day. (By Telegraph, Copyright, Telegro Wall Street opened firm “yester- phic Messages Ordinance, 1804, Re day Gains were mostly fractional ⠀

with some utility issue sagain in-

Washington, To-day." clined to eaBE, Sentiment was

The Federal

Communications

Commission has ordered an in-cheerful. Some extension of a rally committee headed by the Trea

genthau, the members including “ vestigation of the American Tele-eems to be Indicated, but traders sury Secretary, Mr. Henry Mor--

jare cautious.

[Mr. J. Fahey. Mr. Chester Davis, phone and Telegraph Company, the associated Bell companies, and all S. E. Levy And Company's Report Mr. George N. Peek, Mr. Leo In their market report, Mesura. Crowley, Mr. Jesse. Jones, Mr.

subsidiaries..

The following is the list of local|ceived November 16, 8.10 a.m.) share quotations issued to-day:

Banks. H.K.. Bank $1630 sa H.K. Bank (London), $1841⁄2 n. Chartered Bank 218 n. Mercantile Bank, A. & B. £32 n. Mercantile Bank C. £131⁄2 n....... Bank of East Asia, $98 n. Am: O. Finance Corp, 8h. $20 China O. Fin.' Ord., Sh. $4 n. China O. Fin. Pref. 8h. $5 m.

Insurances. Canton Ins., $285:a. Union Ins., $620/221⁄2 86- China Underwriter, $1.15 n. China Fire Ins., 8510 m. H.K. Fire Ins., $287 n. International Assce. Sh. $6 n.

Shipping.

Douglases, $41 n. H.K. Steamboats, $714 n. Indo-Chinas (Pref.); $80 n. Indo-Chinas (Del.), $88 m. Shell (Bearer) 848/6 n. Union Waterboats, 113% n.

Mining,

Antamoks, 60 cta. n. -. Balatoes, 387 n: Baguio Gold, 46 ct. n. Benguet Consolidated $13% n. Benguet Exploration 18 cts. b. Bonguet Goldfield, 20 ets, a. Big Wedge, 10 cts. D. Gold Creek, $2 n.

Gold Rivers, 21 cts. n.

Ipo Mining 321⁄2

Itogans $6.30 a. -Salacots 16 cts. 3. Kallan, 19/4 n.'

Langkats (Single) Sh. $171⁄2 n. S'hal Exploration, Sh. $54. S'hai Loans, Sh.86% n.

. Raubs, $11% ̧¤... ·

Venz; Goldfield, $5 n.

Docks, etc.

H.K. Wharves; $109 m. H.K. Docks, $12 p. Providents (old) $1.55. b. Providents (new), 850 cts: n. Hongkews, Sh1.15 n. New Engineerings, Sh. $54 n. Shad Docks, Sh. 3123 n.

Cotton Mills,

Ewo Cottons Sh. $10.15 n. S'hai Cottons (old), Sh. $771⁄2 n. S'hai Cottons (new), Sh. $484 Zoong Sings,, Sh. $9.40 n. Wing On Textiles, Sh. $55 m.

Lands, Hotels, etc.

H.K. and S. Hotels, $4.85

$4.80/85 63.

HK. Land, $51 bi

b,

H.K. Lands,4% Debentures 14%

Prem

Shanghlands, Sh: 820 n. Metropolitan Lands, SH. 314 u. Humphreys. 91⁄2 1............

·H.K. Réalties, - 84% m Asla Resities A's BM:8140 m. Asia Reatles "B" Sh.$20 n. Chinese Estates, 590 n....... China Realties, Sh. $154 n. China Debentures,Sh.: $187 n.

Pablle Utilities H.K. Tramways, $19.10

$19/15/20.. Peak Trams (old), $14 n.: Peak Trams (new), $7 n., Star Ferries, 19732_1 Yaumati Ferries $224 n.. C. Light (old), $8.90, b. C. Light (new), $8.70 b.. H.K. Electrics. $6741⁄2 p. Macao Electrics, 325, n. Sandakan Light, 38 8... Telephone (old), 323.20, b., progressing better in Canada thansa,

New York, To-day-The In ternational Nickel Company's re- port for the third quarter shows Ja .net profit of $4.005.165 as against $4.936,366 for the pre- vious quarter and $5,636,019 during the corresponding period of last year-United Press, per S. E. Levy and Company...

CANADA'S RECOVERY MORE APPARENT THAN AMERICA'S -

Manager. pany in Frincipal cities of United New York, To-day-Recovery is

3. Des Voeur Road, Central

States of Aikaries: 'and' Cihadka

All claspés, of Commercial Bank the United States. It is said Telephone (new), $9.85′′

Fransactions “undertaken.

THE YOKOHAMA : SPECIE: BANK. Potionat

LIMITED.

Established 1880 ► Capital (fully paid-up) Yen.100,000,000 Reserve Fund

Yen 124,250,000

Head Offre YOKOHAMA

Branches, and Agencies at: Alexandria.

Batavia....

Barlin

Bombay

Calcutta-

Cantor

Dafren (Dalny):

Nagasaki

Nagoya

New York

Osaka Paris

Palping

Feretien (Mukden) Rio de Janeiro Hamburg Hankow

Hong Long

Honolulu

Hainking

Karachl

Robe

London

Rangoon EanFrancisco Best! Semarang Shanghal

handled::..

that the steel industry faces grave, China Buses; Sh. $18.20, à. readjustment problems and cannot Singapore Tractions 4/8 b

Nestment secounts long continue to operate at large) Singapore Préf., $17/2 b.

The Compẳng” offers to Intending Travellers thevasocotits #Travelorn Cheques and Letters of Gredith and In addition, the world-wide, services its thoroughly equipped Travel De

varie

TOH, BENSON,

· Genèral”; Mánager.

THE WING ON BANK-

HONG KÔNG.

Authorised Capital $10,000,000

|

|

Foreign Exchange,” and Bank Business of every description transact-

Current Accounts opened" and Fixed: Deposits received for pne rear or shor fer period at rates which will be quafi edion application, would am bhei Safe Deposit Boxes (varlops alzes) for hire

PHILIP GOOF CHIN

losses-United Press, per S. E. | Levy and Company.

ROOSEVELT UNDECIDED

Washington, To-day-High Ad- midistration officials” state:" that President Roosevelt is still open minded about including old age pensions and health insurance = in the economic security programme. -United Press, per 8. E. Levy and Company

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED,

Clncorporated hi Chin

up

•

bi,

The public hearings will start S. E. Levy and Company, corras Eccles and Mr. Moffett, for the after January 1. The exact date is pondents for Messrs. White, Weld purpose of improving the co- agencies operation between and Company. New York state: to be fixed later.

"Stocks The recent disturban-engaged on lending Government The investigation will Include the entire corporate history and finances within the Gold Bloe, plus the funds including, the Treasury, cial structure of the A.T.T., and growing feeling here that infta- the Interior, Publle Works, now be attempted Federal Housing, Farm Credit also the equipment of manufactur- tion may

ing subsidiaries and all related through the credit route within Corporation, Home Owners' Loan companies affecting the communica-the Gold Standard, or at least Corporation, Agriculture Adjust- tions industry-United Press, per without further near term dovalument Administration, the Export S. E. Levy and Company.

tion, are causing the weakness of and Import banks, the Commo gold shares. The weakness of the dity Credit Corporation, the

Reconstructions Canadian and London markets was

BUSINESS FEARS BIG SPENDING

Anxiously Awaiting U.S. Congress

· ECONOMISTS' VIEWS

SPECIAL TÔ CHINA MAIL.

Finance

Cor- a factor. We believe that poration, the Federal Deposit also further selling is likely but we Insurance Corporation and the

Federal Reserve Board... would consider the present time

The committee functions as a as a favourable opportunity for

sub-committee of the Emergency Investment, rather than for speCouncil, and reports to the Presi

culation in the leading stock in dent. this group. Meanwhile, our feel. The President has made the ing is that the current rise in In-Inter-Department Committee of dustrial shares has gone about the Merchant Marine also a sub- high enough in view of the out-committee of the Emergency took for near-term earnings and Council-United Press, per S. E.

(By Telegraph, Copyright, Telegrawe would not add to our holdings Levy and Company phia Messages Ordmance, 1891, Re of these stocks until some reaction ceived November 16, 8.18 a.m.) has occurred. Busines done; 4-| TWO CLASSES OF

New York, To-day. 1,540,000 shares. The Moody commercial service states that the market will prob

(Continued on Page 10.1

ably be irregular until industry is GRAVE WARNING

substantially more active, early in 1935.

1.

The journal, Annalist, has pro

nounced that business recovery

TO OILMEN

DOLE IN US.

"They Must Be United

Says Hopkins

SPECIAL TO`CHINA' MAIL..

would occur if it were not for U.S. Publie May Take(By Telegraph, Copyright, Telegra

political and labour difficulties,

The noted Clevelanil économist,

Mr. Leonard P. Ayres, in his

Business From Them

SPECIAL TO CHINA MAIL.A

phie Messages Ordinance, 1895. Re ceived November 18, 533 am)

Washington, To-day,

+

The Federal Emergency Relief monthly review, states that althy Telegraph, Copyright, Telegra though business is anxiously await-phic Messages Ordinanes, 1891, R Administrator, Colonel Harry L. Hopkins in a speech yesterday sald ing the forthcoming Congress itceived November 16, 1.10 a.m.).

Dallas, To-day that there were two classes of dole. does not fear radical legislation so

persons. The Secretary of Interior, Mr.relief receivers and much as huge, appropriationss

dividends-neither · of He said that developments had Harold L. Ickes, in a speech to drawing shown that the national policy of the American Petroleum Institute which works for cash.

dole We must bring the two spending the way back to pro-convention, warned oilmen that

more effective in unless they halt waste and die-groups-together," he said. sperity was arousing popular enthusism than card uneconomic practices the This is an apparent hint that the favours - higher In producing steady business ex-public will take their business Administration

from them.

taxes amongst the wealthy classes pansion.

"I beg you to make no miss a means of financing relief.. He believed, however, that

take. If you escape the Govern United Press, per S. E. Levy and fundamental recovery has advanc-ment's heavy hand then set Company. ed more than industrial production

delay," he declared... statistics indicate. United Press your house im order without per S: E. Levy and Company.

Mr. Ickes said that he saw no constitutional prohibitions against making oil a public utilityUnited

e

ELECTRICITY PRODUCTION DECLINES IN US.

New York, to-day-Electricity

CUMMINGSE TO BEPress, per S. E. Levy and Company.oduction in the United States last

COUNSEL

Personal Direction In Major U.S. Ruling

SPECIAL TO CHINA MAIL (Dy Telegraph, Copyright, Telegra phie Messages Ordinance, 1891, Re ceived November 16, 8.18 m.) Be Washington, To-day.

OPTIMISM RULES WALL STREET

(By

Foreign Buying Increase

SPECIAL TO CHINA MAIL

Talegraph, Copyright. Tale Masage Ordinance, 1894. Re- ceived: November 10, 5.18 a.m.) -

New York, To-day,

Traders are more optimistic due

week totalled – 1,678,000,000′′ - kw. hours, as against 1,699,000,000 kw. hours for the previous week and, 1,617,000,000 kw, hours, during the corresponding period of last year. United Press per S. E.. Levy and Company liye My

Is It Insured? ?

Y

It is learned that the United phi States Attorney-General, Mr. Homer S. Cummings, will personally con duct, the Government argument at the Supreme Court in December de to better buying Favourable mgr- fending the revocation of the gold ket factors yesterday were some fu- clause, for public and private obliga-crease in foreign' Brying and more

favourable dividend indications. $25.20 tions.....

Government officials are confident Unfavourable factord - were thể Hand- that the Court will uphold the relikelihood of a continuance of pr vocation, otherwise every U.S.$1.89. fit-taking, and the American Tele

· Insurance „m.All Clanosa LOWEST BATES.

merican Astatic. Underwriters Fed, Inc., U.8.A...

General Agents

of the present currency will be re phone and Telegraph Company In- Bhangh

Press, per 8. tion-United Fress, per 8. E. Levy E. Levy and and Company

Malabon Sugara, 18.70 n.red to pay each U.S.$1 obligavestigation. I

Industriala.

Cald: Macg. (Ord.), Sh. 321 n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.85 ex div. b. Cemente, $2 b., $2.05 98. H.K. Ropes, 181⁄4 na

Stores, etc.

Dairy Farms 828 n. Watsons, 851⁄2 ï‚· Der. A. Winge, $1. n. Lane, Crawfords, $4n;

· Mackintiáhs, § 21ème Sinceres, $10 basse Wm. Powells, 70 etan. Wing On (H.K.) #110 MG Miscellaneous.

H.K. Amusements, ŝa e, Entertainmenta. $735 mil S.C. Enterprises, (1 nu Macho "Greyhounds", 42" Constry

Const

Vibro

1180 1

Ch. Govt: 5% 1925-GSBJ H∙K Govt 4 ORA

ROOSEVELT, LEAVES TO SEE

T.VA. PROJECTS-

Washington, to-day-President Roosevelt left: yesterday to inspect the Tennessee valley Authorities? projects.

The President is focussing atten tion Government competition with ivate utility companies, which is

fecting utility stock United Press, per SE Levy and Company

ARGENTINE NOTES PLACED ON NEW YORK MARKET

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND

COMMODITY SERVICES

Members:

NEW YORK COTTON EXCHANGE. COMMODITY EXCHANGRA INC. CHICAGO BOARD OF TRADE' CORRESPONDENTS FOR WHITE, WELD & CO. NEW FORE,

STREET, HONG KONG,

dice Buildings