1934-11-27 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

orland Capital

***** 1960,000,000

Immed and Fully Paid-up remode Meserve Funda :—

Barre Liability of Proprietors$6,000,000 HEAD OFFICE: HONGKONG,

BOARD OF DIRECTORS.

Hoo, Mr. C. G. 8. Mackie

Chairman,

Hon Mr. 2, 10. Dalwell,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1883.

HEAD OFFICE: LONDON,

riing

Bilver

0,500,000 $10,000,000

THE CHINA MAIL, TUESDAY, NOVEMBER 27, 1934

Commerce and

£3,000,000 Silver Prices Advance

20,000.00

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

LOCAL DOLLAR RECOVERS

Reserve Liability of Pro-

prietors

Agencies and 'Branches:

Aloe Bar

Bollo

flanges

Amritsar

Ipok

Salgun

Deputy ChinnaN.

Dangkok

Earach!

W. ll. Holi,

G. Miskie. Esq.

Delayin

H. Cowowa, key.

K. S. Morrison, Zaq.

Bomber

Kobe

d. Kaswich, Koz

T. E. Fearon, Kag

Q. Knight, Eas

Delenita Cantos

· Kusla

Betember Shanghal Magaporn

Largur

Bliss

Cawnpore Caba Datalo

Kuching

Bourabaya

Mudro

Taiping

น

Tantal

Medan

Toorkin

Haiphong

New York

(kuker]

Hamburg

Pelping

Imagino

Haakon

Yokohama

Harbin

Tenenz

Zamboanga

AMOY

MANUEUR

BATAVIA

BORDAY

CALCUTTA

CANTUN QUETOO COLOMBO

DLINEN 700CHUW KAITEJONO

HAMBLIN

ПАНКОК

HARUJN

HONGXLW

ILOILO

TOR

JOHORD

KOWLOON

T. M. Grazbura, kaq,

Chief Maunger.

BANGHKS-

LUNDUN

LYONN

MALAUCA

MANILA:

MCA Jahoes)

MUKDER

NEW YOUR

VEIPING

PENAKO

HANGGUN

BAIGON

SAN FRANCISCO

KUALA LUMPUR

NHANOIAI

KINGAPORE

LOUNA BAYA

SUNCE PATANI

TIENT IN

TOKYO

MINUTAD

YOKOHAMA

Durial Ascouale opened in Local Ourmony

and Pized Deposita received for base of

horter periods to Local Company and Bling w farma which will be quoted sa application Hong Kong, Wh âpeli, 1984,

HONG KONG SAVINGS BANK.

Hong Soog

The local dollar has advanced %, opening on demand this morning at 1/744.

Spot and forward silver prices advanced 1/16 yesterday closing at 24% and 24%, respectively.

The London on New York cross- rate, which closed on Saturday át. £U.S.$4.98%. closed yesterday Foreign Exchange and General Banking buelassat -U.S.$4.98%, while the New Current Accouble opened and Fixed Deponite York on London rate closed at £- received for one year or shorlar perioda aš rules | which will be quoted on application.

U.S.$4.99%, as compared with £ U.S.$4.99.

trapowated.

W. H. E. THOMAS,

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

RAW RUBBER PRICES

THE BANK OF CANTON, LTD. Latest Quotations From

Established 1912,

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources

Singapore

$11,000,000 Mesers, H. B. Joseph. & Co. have 8,855,000 received the following Straits 82,170,498 Currency quotations (Buyers) from Branches: Canton, Tolahan, Shanghai, Singapore for Raw Rubber, Hankow, Bangkok & BrakFranelico. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking Business of every discription trans-

The Buslums of the above Bank is conducted

by HONG KONG AND SHANGHAI BANKING CORPORATION. Holas may le ablained on application.

+

FUR THE HONG KONG AND BHANGHAI BANKING CORPORATION.

V. M. GRAYBURN,"

Chie! Manager.

+

Hong Kong, 26th February, 1991, -

THE BANK OF EAST ASIA, LTD.

Kalkociped Capital

£4 To

and Undivided Propia 24,000.DE

HEAD OFFICE:--MONO ́KONO

De Youï Road Central,

BOARD OF DIBRETONI :---

Bie. Shou-son Chox, Chatrast,

Chus, Esq., P. K. Kuck, Eng, Woox Ta Tong, Eng., Casa Cling FiË," "Həqi

Hong, Bey. Wong Chu Ben, Eng, and Kan Ying

رمجيا

►

Han Toug Ps, Eng.. Chief Manager.

Li The Yang, Ha, Mazigs

BRANCHES AND AGENCIES {---

Mapila Melbonton Harmakl

Basilio

Bamaran

Bearways Taplow bydhay Talboka

Baburin

Bombas

Delovita Banion

isiphong

New York

Opak

Paci

Hankow

Priplog

Ewal

Panag

Razgova

Kankon London

Belgoo

Zokje

Ba Franceso

Tambourer Yokohama

By description et Backing and aga bloemaaited. · Zoana geantad sa appendid

Bur

Durrent Apunts opaved in Local Oum00 and Fited Deponita, zanivad for pos your or Marine parlada in. Evol and Foreign Comunale

year or

Current Accounts' opened and Fixed Deposita recet red for one shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various siras) for hire.

LOOK POOND KHAN,

Chief Manager.

SAFETY FIRST!

To Bafeguard, Your Valuables 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 Epecially Con-

Jan.-Mar-22 Up 1⁄4 April-June-28 Up Ar Market: Steadier.

NEW YORK STOCK

་

EXCHANGE

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

The following quotations, from. New York have been received by Measta. B. E. Levy and the American Orienta) Finance Corporation.

Last

Close 10.10 11.00 N.Y./London 4.99% 4.98% 4.98% IN.Y. Cotton

Det,

. 12,29 12.80 12.49 Mar. - 12.47 12.55 -12.60

structed to provide all of these In A. Silver Dec. 58.60 53.50b $3.70b: portant Qualiti.

54.45 54.40b 65.00a.

1.256

You may obtain a Safe Deposit|N.Y. Silk Dec. 1.23 Box in this most up-to-dala Vant? for N.Y. Rubber your own use at a very moderate, Ben- Dec. ital

THE NATIONAL COMMERCIAL C. Corn May 87%

& SAVINGS BANK, LTD. Corner of low House, Street and Des Voeux Road, Central

22 22 42% 497% 427 37% 38 3814

BUSINESS STILL ON UP-GRADE

SHANGHAI STOCK MARKET

Finance Chamber Of Commerce Unexpected Reaction

.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banka,

H.K. Bank $1615 b. H.K. Bank (London), £1854 Chartered Bank £16, n.

n.

n.

Mercantile Bank, A. & B. 432 Mercantile Bank C. #13 n. Bank of East Asia, $93 n. Am: 0. Finance Corp., Sh. 20 s. China O.Fin. Ord., Bh. 84 n. China O. Fin. Pref. Sh. 35 m.

Insurances.

Canton Ins.. $280 n. Union Ins., $512% n. China Underwriter, $1.10

$1.20 B.

China Fire Ins., $510 n. H.K. Fire Ins., $2871⁄2 in. International Aasce. Sh. $5.60

Shipping,

Douglases, $41 ́n.

H.K. Steamboats, $7 n. Indo-Chinas (Pret.), $80 n. ̧ Indo-Chinas (Def), $83 m. Shells (Bearer) 48/8 n. Union Waterboats, $18% n. ...Mining.

Report In U.S.

WALL STREET FACTORS

New York, To-day:

In Bonds

A.O.F.C. COMMENT

Shanghai, Nov. 21.

The United States Chamber of The dullness in the share market Commerce has reported that busi-disappeared last Tuesday when ness is continuing to improve.

buying rates were made for peti

NEW ADVERTISEMENTS

·· PUBLIC AUCTION

THE Undersigned have received:

Auction

Tinstructions to sell by Publla

ON

Friday, the 30th. November, 1934 Commencing at 10.30 am. at their Sales Room, Duddall Street

racquet

Favourable market factors yester- cally all stocks in the rubber sec- day were that the world consumption. There was more activity go- A Quintsty of Sports Goods (New); tion of United States cotton for ing on in the general market, too, Comprising:- October

with advances registered in Yany-

Golf balls, Golf head covers, was 1,079,000 bales, as against 846,000 bales In September taze Finance, New Engineering and Tennis

frames, Golf and 1,203,000 bales for October last Shanghai Power 6 per cent. Pre, gloves, Cricket bats, Sports coats, year. This is the highest consumpferred. A sale of two lakhs of Gauntlets, Sterling jackets, Foot tion since May. Aleo; that October S.31.C. 5 per cent. 1934 was record ball boots, Water polo balls, Tennis. adjusters, Hockey balls, Tendle shipments of fabricated structural ed. at 103.26. steel were 94215 tons, as against During the half-day session on

balls etc., etc. 78,139 tons last year.

Wednesday there was

also no special An unfavourable factor was that change taking place.

A Few sets of Steel Shafted. Golf Clubs, the Federal Trade Commission

The decline in the raw commo Terms: Cash on Delivery,

LAMMERT BROS.,

Auctioneers. Hong Kong, 27th, Nov., 1984.

b. charges Utilities with having paid dity markets in London, New York schools $1,812,265 for "educational and Singapore was reflected in the propaganda".

local rubber share market on

Antamoks, 80 cts. n. Balatoes, $37 n. Baguio, Gold, 48 cts: n. Benguet Consolidated $13% n. Henguet Exploration 20 ets. b.. Benguet Goldfield, 20 eta n. Big Wedge, 10 cts; n. : Gold Creek, 22 cts. a. Gold Rivers, 22 cta, sa... Ipo Mining $23⁄41⁄2 m. Itogans $6.30 n. Salacots 16 cts. n. Kailan, 19/6 n.

Langkats (Single) Sh. $16 n.. S'hai Exploration, Sb. $5.10 n, S'hai Loans, Sh. $6 m. Raubs, $11 s. Venz; Goldfield, $5 n.-

Docks, etc.

H.K. Wharves, $109 m.' HK. Docks, $12% n. Providents (old) $1.45 n

Providents (new), $50 cta. Hongkews, Sh. $310 n.

S'haf Cottona (old), Sh. $77.

1.

S. E. Levy And Company's Report Thursday. Although there was no

In their market report, Messrs.

pressure to sell, buyers lowered.

4

S. E. Levy and Company, corres their rates and little business rex=%=*=*=%B%

pondents for Messra, White, Weld| aulted.

and Company, New York state:

"Stocks The dampaign for More activity was noticeable on co-operation between the Govern the next day with interest spread

•

•

Everything

SAVINGS

ment and Business is resulting in over a wider range of stocks atgone.. BUT YOUR an increased interest and partici- prices showing a gain over the pation in stocks. We believe a previous day's rates. Important constructive. attitude is still war-transactions were done in Central ranted.

Properties, Shanghai Cotton and Bonds-United States Govern-Yangtsze Finance. ment bonda were unchanged:

Following Saturday's uneventful High grade issues had a strong session there was a little better under-tone and second grade is undertone noticeable yesterday in Isues were strong...

the general section of the Shanghai

Grains-The declining visible stock market, but the actual volume supplies, continued heavy feeders of business recorded was gmail, demand and hardening in foreign amounting to only 6,706 shares and markets promise irregularly high-405 bonds. The rubber section was er prices.

decidedly dull awaiting leadership

"Cotton:-The market was more from the primary markets. active with larger foreign buying. Chinese Bond Market

"Rubber: We believe that cop The mala feature of the Chinese sumption prospects justify an ac Government bonds. market during cumulation on dipa, The news of

restriction is reassuring. Domestic the past week was steady declines consumption for November is as-for five days with an unexpected The losses timated at 34,000 tons and the ex-reaction on Saturday, pectation of improving business is of the Week were attributed to in- a stimulating factor.

fluential operators who dumped the

Flash The Decembar cotton market with their heavy holdings in liquidations are over. Speculative small but steady instalments.

Byt and Trade demand is broadening, this procedure they could take ad

Market Factors

vantage of the periods of reaction Favourable factors: (1) There when the small speculators came in is growing confidence: in; the busl-to buy. ness outlook with some quarters

(Continued on Page 7) --

The strong but short reaction on Saturday was insufficient to wipe off the earlier losses, but was, at}

S'hai Cottons (new), Sh, 140% LATEST QUOTATIONS the same time, air indication of the

Zoong Sings, Sh. $9.40 n.

Wing On Textiles, Sh. '$55 n.

Lands, Hotels, etc. H.K. and S. Hotels $4.90 b. 5 sa H.K. Lands $5134 b..

Mar:

12:00 18.30

13.09 13.10 18.40

Inspection Cordially Invited,

•

C. Wheat Dec. 99%

May

98

13.46 99%

98

86%%

W. Wheat May 83% ĮSTOCKS®

822

New Engineerings, Sh. $54 n S'hai Docks, Sh. $122 n.

Cotton Mills.

Ewo Cottons Sh. 310.20 n.

Amer, Smelting.. 90%

36

8%

Auburn

26

201 264

Con Gus N.Y..

23

23

2444

Du Pont

10%

99% 99%

THB

for thick will be quoted on application. AMERICAN EXPRESS COMPANY, General Biotors 31%

Eleo Bo & Share 8

8% 8

8244 $24

Bals Deposit Boxsa To Let.

.

IAN TONG PO,

INC.

Int: Tel & Tel

9

9:

9

Chiat Manager.

Loowa. Inc

3636

35424

85%

Moog Bong, Mistel, 2004.

Head Office:-65, Broadway,

New York-

Montgomery W. 30% Nat Distillera 26% NY. Central - 21% Stan Oil NJ,

30%

30%

26%

H.K.

Lands 4%

101% n.

Capital

Surplus Reserves ....

BRANCHES:—

Amsterdam

Geson

Gage

Kilua Hice

Aun

Estara

Heim

Berli

Borlay Berzion

Esburg Hivi Heldalberg Tatarlakan

Breede

Jamination

China-Amoy, Canton, Foochew, Han-

Landon

இ

Kicatio

Liverpool

kow, Shanghai, Swatow,

Caban

Others: Bombay, Hong Kong, London,

Colada be

Now York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

152

Середнем

Marsilios

Edinburgh Fire GMATE

Monte Carl

Tabti Thomas Via Vasion Tacom Zurlow

THE BANK OF TAIWAN, LTD.

Head Office: Talhoku, Formosa, Incorporated in Japan by Spedal Imperial Charter, 1800,

Central Bank of Formosa; Notes

inqued· Average amount-Y,85,000,000

Branches and Agencies. Japan:--Kobe," Daska, Tokyo, Yoko- hama, Keelung Makong Nanto, Shoka, Shinchiku, Talchu, Tainan, Taito, Takao, Tamaui, Toen, Karenko: Kagi, Heito, Giran.

On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1% pa, on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate---1%).

Y. OHNO,

Kanager,

3, Des Voeux Road, Central..

Hong Kong Branch

Loo Leathe

„U:8:36,009,808.00 2,087,132.60

................ 1,925,518:31

Hunlah Montreux

* Hipley

Palemo

U.S. Steel

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

Silver Spot 24-7/16 (last close); 24-1/2 (last recd), 1716 up (change),

Silver Forward 24-9/16 (last. klass); 45/8 (last recd), 1/16 up (change).

Silver Report: Speculators bought, Offerings small. Market Steady.

Gold 139/6 (last close); 189/8 (last) reed), 1d up (change): ampton.London/N.Y. Selling Rate 4:99 (lest close), 4.98-5/8 (last recd), 8/8 down (change).

Branches of American Express Com. pany in' Principal cities of United States of America and Canada

All classes of Commercial Banking Fransactions undertaken.

PAG Investment soccata

THE YOKOHAMA SPECIE BANK died,

LIMITED.

Established 11880

The Company offers to intendier Travellers the use of its" "Traveler {Cheques!!--- and Letters of Credit and, to addition, the world-wide serviced Gspital (fully paid-up) Yen.100,000,000 f ita thoroughly equipped Travel De- Reserve Fund

partment.

Yen 124,250,000

Head Office:YOKOHAMA

1

Branches and Agmelen at:

Alexandria

Batavia

Berlin

Nagasaki Nagoya New York

Bombay

Dsientta

Bantop

Park Pelping Daren (Dalny) Rangoon Fengtien (Mukden) Bio, de Janeiro Hamburg

San Francised Hankow

Seattle

Kong

Honolula Heinking Karachi Kabe London

Los Angeles

Manila

Moj

Singapore Soerabaya Sydney Tentan Tokyo

Tsingtau Yingkow

Interist · allowed" on Üzrent "An-

H. BENSON. General Manag

London/Parla Selling Rate 7571 (last close), 75.65 (last reed), 06 down (change).

Liverpool Cotton-Mar. 6.63 (Last] close), 6.71 (laat reed); .08 op (change)..

Liverpool Wheat-Dec. 4/8-1/4 (last clone), 4/9-1/8 (last recd), 7/8 up (change).

London Rubber-Jan-Mar. (buyers) 16-5/16 (last close), 6-3/8 (last-reed),

1/16.up (change),

London RubberJan-Mar (sellers)

ready support still available among The following quotations have the small operators, which should been received by Messrs. 9. E. Levy constitute a steadying influence, and Co., and the, A.O.F.C...

Debentures

Nov, 25. Nov. 26. Closing Closing

U.S. EXPECTS BOOM IN

New York Cotton:

DRY GOODS NEXT MONTH)

December

12.20

12.46

January

12.37

12.51

March

12.47

.12.68

goods Association has reported

12.46 12.69

that retailers are expecting Decem

Shanghai Lands, Sh. §26 ¤. Metropolitan Lands, Sh. $13 n. Humphreys. $91⁄2 n. H.K. Realties $4.20 b. Asia Realties "A", Sh. $100 n. Asia Realties "B" 8h.#20 r. -- Chinepe Estates: $90 mil China Realtles, Sh. $124 n. China-Debentures Sh: $187 n.

Public Utilities H.K. Tramwaya $19.50 n. Peak Trams (old), 14 a. Peak Tramsk(new); $7 n° Star Ferries $97 11

Yaumati Ferries $224. ...

C. Light (old) $9.16 b., $9:20 58: C. Light (new), $8.90 b

H.K. Electrics $67 b. 168 84. Macao Electrics, #25-n. Sandakan Light; #8 v. ›› Telephone. (old), $22.85-b.. Telephone (new), $9.60 b

China Buses, Sh. $18:20 nə Singapore Tractions 4/8 b.

6-7/16 (last close), 6-1/2 (last-red),Singapore Pref. 217/9 bu. - 1/16 up (change):

London Rubber at noon (buyera) 6-7/16 (last recd).

FAVOURABLE TURN IN

U.S. EMPLOYMENT:

New York, to-day-The Federal): Reserve Board has reported a contra-seasonal October Increase in industrial production and factory employment pay-rolls, due pris LTD.cipally to the resumption of textile activity United Press per 8. E Levy and Company,

THE WING ON BANK,

TRONG CÙNG

Authorised Capital: $10,000,000

Foreign Exchange and Bankin Business of every description transac ed. bala

Current Accounts opened, Speci Doposita received at special rates, and Fixed Deposits received for one your or shorter period at rates which will be quoted on application.

Sate, Deposit Boxes (various+ zinas) for hire, E

PHILIP GOCKCHIN,

Deposits received for Azadiariods Je Chief (Manager

at rates to be obtained on application. I GOCKCHIN

KISHINAMI

Hong Kong, 11th September, 1934,

Assistant Manager

·LI SHU FONGE "Assistamer Manage

THE SHANGHAI COM

&SAVINGS BANK LIMITED, (Incorporated in China) Capital paid up... Reserves Capital: Savings: Beserre Savings

A Bank having Industriale development,

Industrials

Malabon Sugara, $8.70 m

Cald: Macg. (Ord.), Sh. #21 n. Cald: Macg..(Fref.), Sh; $20 n. Canton Ices $2.85 b.. Cements $2.16 8: H.K.(Ropes, $8.60-b."

Stores, ete. Dairy Farms, $22.60 Watsons $5.n.. Der. A. Wing, #1' n. Lane Crawforda, 84 Mackintoshs, $21, n. Sincares, $10 m Wu, Powells, 70 cts, K. Wing On (H.K.) $110 m.

Miscellaneous

H.K. Amusements, 1244 ne Entertainments, $71⁄2 Be. 8.0. Enterprises, $1 n. Macao “Greyhounds.”“ 2′′ n. Constructions (old), $1.80 n. Constructions (new), 75 cts. Vibro Piling $6.60 n. Ch. Govt. 5% 1925 GfBd

Govt. 4% Loan

Harpers $74

May

12.41 12.68 12.05 12.18 12.55 12.70

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC.

Asia Life Building

Tel. 30283

New York, to-day. The Dry-xaxaxEXE

ber sales at 11 per cent, above last U.S. BUSINESS INDEX SHOWS-

| year, and 21.5 - per cent. above, theļ. corresponding period of 1932,—} United Frese per S. E. Levy and Company.

Is It Insured?

Insurance === All: Classen.

'LOWEST RATES

Americas Asiatic Underwriters

Fed. Inc, USA:

July

October (1985), Spot New York Rubber:--- December ...

12.96 18.07.

January

13.06

13.14

March

19.30

13.35

May

13.60

18.68'

July

18.70 19.83

September

13.20 14.03

Chicago Wheat; December May

99%

9814

.98%

97%

July

92%

91%

Chicago Corn:-

December

8714

864

May

80%

88

Head Office

July

83%

8234

|17, The

Winnipeg Wheat:

December

77%

77%

Shanghal

"May".

823%

82%

[July

New York Sugne?

December

1:77

1.76

March

1.78

1.72

May

51:77) 1.77

July

1.82

1.81

New York SK:-

December

1:23

March

- 1.2534

May

1.26

1.25/2 1.28 1.80

Montreal Silver-

December

53.60

54.10b

March

5445 55,10

May

5636 56.00

July

55.850

56.55m

b-bld. New York

nominal

Copper, March Tin, March

Nov. 26 6.85 6.00 6115 61.05

OCTOBER CAR SALES ABOVE LAST YEAR

New York

General Agunta

ADVANCE

New York, To-day-The New York Times business index last week was: 76.6, against 76.1 for the previous week and 78.5 during the corresponding week of last year. United Press, per S. E. Levy and Company.

ONLY MODERATE RESTRICTIONS ON U.S. SPECIALISTS

New York, To-day-The Securi ties Exchange Commission regula BK Ostions governing specialists are ex

Buildings

pected to be promulgated on Jang TEL: 28214: 417 1. It is believed that they are

Hikely to be only moderately restric tive-United Press,, per S, E. Levy 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, INCH

CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXOHANGE, INC.

CORRESPONDENTS FÖRS WHITE, WELD & CO. NEW YORKŁ

ICE HOUSE STREET, HONG KONG

80101 and 2010;

Tel Address:};

A