1934-11-22 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Akiboríand Capital

$50,000,000

THE CHARTERED BANK OF INDIA, 'AUSTRALIA" & CHINA.,

wwed and Pally Pald-up, 30,000,000 Incorporated by Royal Charter, 1858,

Bourra Funda:-

Sterling 17polohyhorn £2,500,000

$10,000,000

Beserve Rishilig at Proprialora som@20,000,000

HEAD OFFICE; HONGKONG,

BOARD OF DIRECTORS.

Hou, Mr. U., R. Mackle Chairmus,

-ikan Mr. R. 11., 1908» «lle Deputy Chairman.

W. 11. Bell Esq.

11. Compu," kang.

,, Kasvisk, Eng.

D. Knight, Req.

AMUY

BANGKOK

BATAVIA

BOMBAY

NALOUTTA

PANTON VERPOO KOLOMBO DAIBEN FOOCHOW HAIPHONG

HAMBUSKI HANNOW HAMBIN

HONGSEW

ILOILO

POR

JOHN

TUBE

KOWLOON

0. Mraldo, Eeg,

HEAD OFFICE: LONDON

Karachi

Paid-up Capital

Reserve Fund

Reserve Liability of Pro

prietors

..£3,000,000 ....£3,000,000)

.......£3,000,000/

Agencies and Branches:

Alor Stee

Colla

Amrileas

Ipak

Bangoon Saigou

Bangkok

Hearing

Haarle

Klang

Seremban

K. B. Morton, Kan

Bombay

Sbraghal

Celoalta

Singapore

Clanica

tvpur

Bitva

Core Cabu

Kuching

Modra

Colombe

Baila

Mnda

Bourabaya Taples THE Toogl

Halphons

New York

Hamborg

Priping

Hankow

(Pakit)

Harbla

Tabang

Hong Leo

TE. Pseron, Esq.

Y. K. Graybum, keg.

Cain! Mazzo

DRANOHSS-

ONLIN

YANG. MALAGOA

MASILA

ALVAR okoł

MORDEN

NEW YORK PEIFING PENANG MANUGON SAIGON

SAN FRANCISCO

KUALA LUMPUR

HELANGELI

INGAMER MABAYA

KUNDEL KATANE TIENTMEN

. TOKYO

TRINGTAG YOKOHAMA

Current Apunte opens in local surradoy and Fits Dupoala yantrad for une i d shorter periode in Local Company and diarios terms which will be quoted on application. Hong Kong, tich Agol, 10%),

Kəbu

(Duker) Telogia

Yokobarun Zamboanga

THE CHINA MAIL THURSDAY, NOVEMBER 22, 1934

Commerce and Finance..

MIXED SENTIMENT ON WALL STREET

Bearishness Prevails Due To Rail Crisis

ÉPECÍAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phia Monnages Ordinance, 188, Be ceived November 22, 8.50′a.)

New York, To-day.

Stock Exchange sentiment yes. terday was mixed. Some bearish-

Forsica Exchange and General Daudég business prevailed due to railroad dif-

traslad

Cutras Account opened and isad Depola ficulties. tokid for one year or shorter perioda si rakan which will be quoted on application.

W. H. E. THOMAS,

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

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 HONG KONG SAVINGS BANK. located on the Mezzanine Floor of

The Besibe of the above Dank le conducs. the HONG KONG AND SHANGTi BANKING CORPORATION Bula may M

blained sa application.

FOR THE HONG KONG AND SHANGHAI

"V.”Y." "URAYBURN"

Chiat Manager. Hong Kong, 20th February, 1954.

BANKING CORPORATION

THE BANK OF EAST ASIA, LTD.

Kutherland Ospital Bald-up Capital

wy kiel Undivided, {'rollte

-$18,000,000,00

4,098,60).u ............$1,483,000,00

HEAD_OFFICE :-DONG KONG

12. Des Toras Road Central

BOARD OF DIRECTORS 1-

He Shou-son Chow, Chalrazat».

LA Kasa Chus, Eng. 7. B. Kwok, Zig, Wool

Isa Tony, Kaq, Củần Chiog Bhak, Bag, LJ KAS

Leg. Wong Che Sno, Esq. and an

Han Tong To, Baq.. Odal Manager.

El T Foos. Esq., Manager.

*BRANCHF AND AGENCLES:-

Mulla Melbourne

Bourabaya. Buslow bydong

Spalti

Malaria

Bombay

„Galeutia

Bestes

Wigankl Now Teck

Semarang Shaughe

Osika

Paria

Haskow

Peiping

Honolulu Labe Inciosa

Penang

Baugos

Taničn

Toky

Sas Frani

TAMONTE Tekokame

Arzu opered, to

Our New building is Specially Con- structed to provide all of these portant Qualities.

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

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD.

Carner of Ice House Street and

Des Voeux Road, Central -

соп-

Favourable factors were that in- terest in building stocks tinues, the increasing steel pro- duction, that the electricity output | is the best for 200 weeks, and the improved tone of utilities,

Unfavourable factors were that bears are reported to be concen- trating.on railroad stocks, that technicians think a further drop is necessary before the market can start broadly upward, and the un- certainty of possible monetary le- gislation.-United Press, per S. E. Levy and Company,

AGRICULTURAL RESTRICTION

DENOUNCED IN U.S.

New York, To-day Mr. George N. Peek, President Roose velt's Adviser for Foreign Trade, has denounced the pro- gramme of restriction in agricul- tural production and is urging the abandonment of the policy of curtailment in the interests of in- United THE BANK OF CANTON, LTD. ternational commerce.

Press, per S. E. Levy and Co.

TREMENDOUS. LOSS FOR STEEL CORPORATION FORECAST

Established 1912.

Head Office:Hong Kong.

Authorised Capital

Paid-up Capital

Total Resourese .......................

$11,000,000

8,855,000 82,170,492

New York, To-day.-Dow Jones Branches: Canton. Toishan, Shanghal, has estimated that the report of] Hankow, Bangkok & San Francisco, the United States Steel Corpora- London Bankers: Lloyds Bank, Ltd.

Foreign Exchange and Banking tion for the fourth quarter will business of every discription trans-show a net loss of ULS.$9,000,000, as against U.S.$9,826,767 for the

acted.

Current Accounts opened and Fixed corresponding quarter of last Deposits recetrod for one year or year. United Press, per S. E. shorter periods af rates which will be Levy and Company. quoted on application.

Safe Deposit Boxes (various sizña)

LDC 109ND END

Kg Caption of Bankngsod. Ruokangy for hire. business tranġled. Longa grested on approved | securities.

Local Curre Currans and Fixed Deposits ricalred for poss aberta paroda in Local and Foreign Currencies ang pama which alli ke quoted on application.

Dale Beport Jure To Le

KAN TONG PO,

Calat Manager.

Hong Kong, at Marsh, 1984,

THE BANK OF TAIWAN, LTD.

Head Office: Talhoka, Forms, Incorporated in Japan' by Special Imperial Charter, 1899. Gentral Bank. of Formosa, Notar

issued. Average amount Y45,000,000

Branches and Agencies.

Japan:--Koba, Oraka, Tokyo, Yoka- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Taman, Taito, Takao, Tamsui, Toen, Karenko, Kagi, Heito, Giran. China:-Amoy, Canton, Foochow, Hán-

kow, Shangbai, Swałow. Others:-Bombay, Hong Kong, London, New York, Bingapore, Batavia, Samarang, Hoerabaya, Dairen. On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 14% p.a. on dally

balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%),

Hong Kong Branch

T. OHNO,

Manager,

3, Des Voeux ́k M, Central,

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880 Capital (fully paid-up) Yen.100,000,000 Reserve Fund Yen.124,250,000

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria

Nagasaki Nagoya

Bataviz

Berlin

Bombay

Calentta

Benton

Dairen (Dalny)

Hamburg Hankow Harbin

Hong Kon

Honolulu

Heinking -Karachi Kobe.

London

New York

· Paris: Pelplar Rangoon

(Mukden) Rio de Janeiro

Los Angeles Hanila

Hoj

San Francisco

Seattle

Semarang

Shangba

Singapore Soerabaya Sydney Tientsin Tokyo Tsingtan Yingkow

Inturast allowed on Unirent An-

AMETĖS,

Deposits received for fixed periods rates to be obtained on application.

ⱭUKISHINAMLINES

Hong Kong, 11th September, 1934

THE

Olde Manaque.

AMERICAN EXPRESS COMPANY,

ING.

Head Office:-55, Broadway, New York

Capital Surplus Reserves

عامر

.U.8.$8,000,000.00 2,087,112.59 1,995,523.31

BRANCHES:-

Amsterdam Слов Antwor

Lasona Beat Barli

Milan

Ol

+

Восабат

Calro

Calcutta

Cather

Colombe Copankag ba

Edinburgh

Harana" Hamborg Herre Heidelberg Intorike. Jerais London Liverpool Ima bigsan Luior Marsellion Monte Carle

No Naplat Pige Parla

Priping

F

Östers

Kunic

Montrea

العدل

PATETO Fotterdam Borse Bhangha Bouthampton Bingapo .Toplain..

Thormisa VIDATA

JORDE 2000

US. STEEL PRICES TO REMAIN UNCHANGED

New York, To-day-The Unit ed States Steel companies have filed their price schedules show! ing that the first quarter of 1935 is virtually unchanged. United Press, per S. E. Levy, and Co.

U.S. TELEPHONE DIVIDEND EXPECTED

New York, To-day, Wall Street authorities' expected the American Telephone and Tele- graph Company to declare their dividend of U.S.$2.25 at noon yesterday. United Press per S. E. Levy and Company.

PLAN TO END U.S. BUCKET SHOP RACKETS

-

Washington, To-day. The Se- curities Exchange Commission is planning unified. Federal and

Branches of American Express Com-State action to curb traffic in fake pany in Principal cities of United securities and to end bucket shop States of America and Canada'

rackets-United Press, per S. E All classes of Commercial Banking Levy and Company. Fransactions undertaken.

Dascotal investment accounts RAW RUBBER PRICES

aanden,

The Company offers to intending Travellers the use of ita "Travelers Cheques" and Letters of Credit and,

addition, the world-wide survices of Its thoroughly equipped Travel De ipartment.

CH. BENSON,

General Manager.

THE WING ON BANK, LTD. TONG CONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description:

Latest Quotations From Singapore

received the following. Straits Cur- Mesars. H. B. Joseph and Co. have rency quotations from Singapore for Raw Rubber.

Jan-Mar-20 down. April-June 22 % down %,

Market-Easter

THE SHANGHAI COMMERCIAL &SAVINGS BANK LIMITED,

(Incorporated in Chi Capital paid

$5,000,000. Current Accounta opened and Fixed Deposits received for one year or shore Capital Ravings Dept

„Réserves pod ter period at rates, which will be quot-Reeve Barl ed on application.

ed.

Safe Deposit Boxes (various sizes) for hire. PREKO PARAPHILIP GOCKCHIN:

Chief: Manager. GOOKOHINIST Assistant Manager.

LI SHU FONG Assistant ManaKKT.

$800,000.

Head Office. Shangbal

A Bank having sa ita mfunion the industrial development of China and, the fostering of ber comNBY- cial relations; abronde Hong Kong olles-

LOCAL SHARES.

TO-DAY'S QUOTATIONS. The following is the list of local share quotations Issued to-day:

Banks.

H.K. Bank $1615 n. H.K. Bank (London), £1341⁄2. Chartered Bank £16 n.

Mercantile Bank, A. & B. 882 n. Mercantile Bank C. £13% n. Bank of East Asia, $99 n.

Am: 0. Finance Corp. Sh. 20

China O. Fin. Ord., Sh. #4 n. China O. Fin. Pref. Sh. #5 n.

Insurances. Canton Ing., $285 a. Union Ins., $522 n.

China Underwriter, $1.10 b. Chize Fire Ins., $310 n... H.K. Fire Ine, $2371⁄2 n

STEADY TONE ON WALL STREET

Improvement Appears Indicated

SENTIMENT CHEERFUL

SHARP FALL IN COPPER

Unwieldly Bull Account Causes Slump

London To-day.

NEW ADVERTISEMENTS

CONVITE

seus-'

As Comisaoes do Club Lusitano,- Club de Recreio, Catholle Union,

teem e Liga Portuguena Selling by producera, especially honra de convidar os American, caused a sharp fall in Socios, membros da Communidade New York, To-day.

copper yesterday which was accen-Portuguesa e suas Exmas familias Wall Street was steady yester tuated by liquidations by disappoint.para a Recepcao em honra do Sr day, but movement were very nared bulls who recently purchased in Tenente Aviador Humberto Cruz.. row and trading was moderately the hope of some imminent form of na Sexta-feira, as 17.30. horas no active. Sentiment Is cheerful and

restriction materialising. some improvement 'seems to be indicated.

It is generally admitted that the markot has been carrying a rather S. E. Levy And Company's Report unwieldly bull account and yester-

In their market report, Messrs.

S. E. Levy and Company, corres day's break was not unexpected in pondents for Messrs, White. Weld view of the nervousness due to res

triction uncertainty. and Company, New York state:

"Stocks: The better sentimenti

a growing out of the Government's

encouragement of business is still fairly evenly balanced by the Gov- ernment's obvious efforts to regulate, Utilities.. Mixed movements will probably still continue for time with the ilkelihood of a broad advance. Industrial favourites would seem to have advanced fur.

some

The market should now be in a stronger technical position.-Reuter. LOCAL DOLLAR ADVANCES

Silver Prices Improve

The local dollar, has advanced'

International Assce. Sh. $5.60 nther than might seem warranted by opening on demand this morning at

Shipping,

Douglases, $41 n.

H.K. Steamboats, $7 a. Indo-China (Pref.), $80 n. Indo-Chinas (Def.). $98. Shells (Bearer) 44/41⁄2 n. Union Waterboats, 113% n.

Mining.

Antamos, 60 cts. b., Balatoes, $37 n. Bagulo Gold; 46 eta. n. Benguet Consolidated $13% n. Benguet Exploration 19 ets. n. Benguet Goldfield, 20 cts, u. Big Wedge, 10 cts. n. Gold Creek, 25 eta, n, sub. div. Gold Rivers, 21 cts. n. Ipo Mining $21⁄2 n. Itogans. $6.30 n.

Salacota 16 cts. n. Kailan, 19/- n.

Langkats (Single) Sh. $17 n. S'hal Exploration, Sh. $5.10 n. S'hai Loans, Sh. $6 n.. Raubs, $11% n. Venz: Goldfield, 35`n..

Docks, etc.

H.K. Wharves, $109, n. H.K. Docks, $12% n. Providents (old) $1.55 . Providenta (new), $50 cts. n. Hongkews, Sh.$312. New Engineerings, Sh. $51⁄4 .n. S'hat Docks, Sh. $123 u. ****Cotton Mills,

Eto Cottons Sh. $10.15 m. S'hal Cottons (old), Sh. 877 S'hai Cottons (new), Sh. $481⁄2 Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. #65 a.

Lands, Hotels, etc,

Debentures

H.K. and S. Hotels, $4.90 u. H.K. Lands $51 b. H.K. Landa 4%

1014 n. Shanghai Lands, Sh. $271⁄2 n. Metropolitan Lands. Sh. $18 n.... Humphreys, $91⁄2 n. H.K. Realties, $4% n Asia Realtias "A", Sh. $100 n. Asin Realties "B" Sh.$20 n.' Chinese Estates, $90 n. China Realties, Sh. $124 n. China Debentures Sh. $187 n.

Public Utilities

H.K. Tramways, '8191⁄4 b. Peak Tramą (old), #14 n. Peak Trams (new), 87 m. Star Ferries, $971⁄2 D. Yaumati Ferries $221⁄2 n C. Light (old), $9.

C. Light (new), $83?

H.K. Electrica $65% b. Macao Electrica, (25 n. Sandakan Light, $8-8. Telephone (old), $23 sa. Telephone (new), $9.60 ́b.; China Buses, Sh. $13.20 r. Singapore Tractions 4/8 b. Singapore Pref.. $17/9 h.

Industrials

Malabon Sugars, 18.70_n. * Cald: Maeg" (Ord.), Sh. $21 Cald: Macg. (Prof.), Sh. $20 Canton Ices, $2,85, nt V Centents 32 b. 32.05 sa. H.K. Ropes, $33⁄41⁄2 n.

Stores, etc. Dairy Farms;: $23 n. Watsons, 86% D Der.-A. Wings, $1 n. Lane, Crawfords, 34 n... Mackintoshs, $21_n." Sinceres, $10 m.

Wm. Powells, 70, etil. `n. Wing On (H.K.) $110 n.

Miscellaneous,”

their activity. Business done: 3/734.

810,000 shares.

Spot and forward silver prices

"Bonds: U.S. Government Bonds advanced 3/16, closing at 24-7/16

and 24-9/16, respectively. Higb were fractionally better.

The London on New York cross-l grade issues were unchanged, while second grade issues were frac-rate, which closed on Tuesday at -U.S.$4.98%, closed yesterday tionally off,

"Grains: As the indoor feeding at U.S.$4.98%, while the New York on London rate closed at season progresses prices in Corn should harden, while importations -U.S.$4.9914, as compared with are likely later. This rather-U.S.$4.98%.

stresses the shortage factor and the

accumulation of Corn is desirable. LATEST QUOTATIONS Wheat: Total sales:-24,231,000 bushels, Corn: Total sales:-18,091- The following quotations have 1000 bushels.

been received by Mesars. S. E. Lavý) "Cotton: The actual. December and Co., and the A.O.F.C. {liquidation of Cotton is increasing:{

Nov, 21 Nov. 22 Closing Closing

"Rubber: The December liquida-¡

.12.27* 12.26

..1281 12.28 ...12.38 12.37 .12.37 · 12.35 .....1234

tion is heavier than was expected. New York Cotton:- Factories are buying moderately on December recessions. Total sales:-460 lots. January "Flash: The Chesapeake and Ohio March Railway Co. has declared a dividend fay of 70 cents and the Texas Corpora- July

(Continued on Page 19.) Latest Quotations

The following quotations have: been received through Mossra. S. E Lavy arid Company and the Ameri can Oriental Finance Corpora". tlon.

Club Lusitano.

PUBLIC AUCTION.

Undersigned have received

Instructions to sell by Public

Auction

ON

Wednesday, the 28th. Nov., 1934, commencing at 11 am. At No. 3, Dragon Terrace, Causeway Bay

A QUANTITY OF VALUABLE HOUSEHOLD FURNITURE

On view from Tuesday the 27th.. November, 1984.

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers, Hong Kong, 22nd November, 1934.

XXXXXXX)

Everything

gone.. BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

12.33 11.99

HEAT

.12.72 12.50 ...12.82 12.58 .18.01 12.60 .13.29 12,98

TAXES

October (1935) (47.12.02 New York Rubber:--

December January March May

New York, Yesterday Chicago Wheat:----

Cross-Rate 4.98% 4.094 July..

12.35

N.Y., Rubber-May 13.99 * 12.98 | Chicago Corn:-

97%

Chie Corn-May... 84% 85% May Montreal Silver-Mar. 54.95.

(Dow Jones Arg.).

To-day's Nov. 20 Close Change 30 Industrials 99.90 99.47 43 of 20 Ralls 35.36 34.94 42 off 20 Utilities 17.68 17.85.17 up 20 Bond's 93.74 93.78 04 up 11 Commodity

Imlex

.19.42 13.17

$19.69 13,37%.

WATER

CHITS

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

July September

Last To-day's

Close Close December

99% *99*

N.Y./London

May

48

97

N.Y. Cotton-May... 12.37

917%

32

SAVINGS

n.

Chic Wheat-May 98

December

931/

844

SAVE SOMETHING

84%

85%

Silver-Official ....... 54

56.30

July.

82

88

64%

| Winnipeg Wheat :----

December

-7773%

77%

May;

821 82%

July

83% 83/

New York Sugar:→→→ December March

1.84 1.80

1.83 1.79

.13 up May

••j..... 183.

1.84

-INC.

July

1.88

1.88

1034

Close New York Silk:-

Aula Life

88% December

121

1.28

100 March

Hong Kong

1.23

1.25

21% May

$1.23

1.26

074

61 Montreal Silver:-

December

..59.90

54.40

30 March

.54.95

55.30 B

8% May

42

July

29

244

B-BID; N.-NOMINAL.

20%

14%

102

31%

33%

Amer Can

69.41 59,61 17 Leading Stocks

Amer Smelt & Ref

Amer Tel & Tel

Auburn

JI Case

Du Pont

Elec Bond & Share

General Motors Int Tel & Tel MeIntyre

Montgomery Ward Nat Distillers N.Y Central... Socony-Vacuumn Union Pacific U.S. Steel

West & My..........t

Business done:-810,000 shares.

BIG U.S. RAILROAD SEEKS BANKRUPTCY REMOVAL

.55.65 N 56.10

Tel. 80284

56:35 N 56.80 N5 It Insured?

U.S. GOLD STOCKS REACH

NEW HIGH RECORD:

Insurance --- All Classes

LOWEST RATES -

American Amatic Underwriters Fed Inc. USA General Agents

Washington, To-day.The Tres- sury has announced that gold stocks, valued at U.S.$8,056,129,- Head Office 443, constitute a new high record 17, The Bund, due to the foreign influx, which

New York, To-day The crediamounted to U.S.$80,000,000 in tora, owners and trustees of the the last fortnight. United Press, Missouri-Pacific Railroad Com-per S. E Levy and Company, n.-pany and members of the Recon- a.struction Finance Corporation

H.K. Amusementa, 124 n. Entertainments, 5.C. Enterprises, $1 n. Macao "Greyhounds,”. $2) Constructions (old), $1.80 m. Constructions (new), 75 eta. b. Vibro Piling 36.60

Ch. Govt. 5% 1925; G3Bda 90%

H.K GovE Loan% prema

HK GovL34 Loan : 84%

and the Interstate Commerce Commission are meeting to dis- cuss means for the possible re- moval of bankruptcy. — United Preas, per S. E. Levy, and Co

U.S. ALCOHOL CONCERN'S PROFITS RISE

New York, To-day The first nine months net income of the American Commercial Alcohol Company was U.S.$1,109,578, S against U.S.$218,518 last year United Press, per S. E. Levy and Company,"

GRANCE FARM BUREAU SUPPORTED

Harford To-day Senator

yesterday, said that the Farm Bureau of the Farm

lengue which

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES

AND COMM BOUGHT AND SOLD ON COMMISSION DAILY NEW YORK STOCK AND GOMMODITY, SERVICE

Members:

"NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FORSA

WHITE WELD: & CO., NEW YORK

LICE HOUSE STREET. HONG KONG

Teli 501011

¿Tel:

· Asia Life

Balding Tel sosia