1934-12-05 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised, Capizat Bosed and Fully. Fald-up

Bellagi

0,600,000

Biltar......$10,000.000

Manarie Bilsbility of Proprietorn.

HEAD OFFICE, HONGKONG.

BOARD OF DIRECTOUS. Hen. Mr. d. 0. 9, Maskla Chairman,

Hon Mr. 9, 11. Dodwell.

W. El, Bell, 2094

Deputy Chalaan.

IL Compton, 4.

W, 3. Konwich, Esq.

4. Q. Knight, Rig.

AMOT BANGKOK BATAVIA

HOMERY

DALCUTTA CANTUN CHEFIN COLOMEO DAIRPH FOOOHOW- FIAPHONG

•HLAMBUNG

ANKOW

KARAIN

U. Miskin, Yaq,

-50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

20,000,000 Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON .

Reserve Fond

$3,000,000 || Paid-up Capital

.£3,000,000 £8,000,000

Reserve Liability of Pro-

prietors

E. B. Morrison, Lang.

Ti E. Lauros, Maq.

Y, M, Graybara, kaq.

МОМОЛКИ.

ILOILO

IPOH

PHONE

KODE

KOWLFIN

Chlat Manager.

BRANQUES:-

LONDON LIGNM

MALADOA MANILA

MUAM (Johor)

MUKDEN

NEW YORK

PRIPING

PENAKO BAHOOOK

BAIGON

SAN FRANCISCO

KUALA LUMPUR

BHANGHAI

BINGAPURA SOURABAYA BUNDES PATANI

TIKMTHEN

TOKYO

TRINGTAD

YOKOHAMA

Aloe Bear

Bangkok Batavia

Doushar Delosite

.£3,000,000

Agencies and Branches:

Helio

Ipak

Karachi Klans Roba

Baxzoom Salgeo Semarang Бега ве Shanghal blogspoe

THE CHINA MAIL, WEDNESDAY, CELEMBER 5, 1834:

EXPENDITURE UP

and DDD

Commerce

Finance.

LOCAL DOLLAR "ADVANCES

Silver Prices Steady

The local dollar haa Improved opening on demand this morning at 1/8.

.4

m

Current Aucourts opened la Local Currency and Fixed Deposits ronivad for eas-year a Morter perlade in Local Company and derling

sum which will be quoted as appli Moog Kung, ab' April, 1984.

HONG KONG SAVINGS BANK.

Cawnporn Oby

Colombe Haiphong Hambur Hankow Harbin

For

lenniacted.

Lapi Kuching Madron

Modia New York Peiplug

(Peking) TIDAKN

Bourabays Taping Tiantais Toogkas

(bukes) ialogras YouGDALE

Zamboanga

Spot and forward silver prices were steady, closing to-day at 24.11/16 and 24.13/16, respectively. The London on New York cross- rate closed yesterday at £- U.S.$4.944, as compared with

Exchange And Deneral Banking businU.S.$4.95% on Monday..

Currsal Acouste opaced and Fized Dayoutw

The New York on London rate!

rostral fur une pou or shorter perioda a estas was quoted at 4-U.S.$4.944, ́88| wálch will be quoted on application.

W. H. E. THOMAS, against £--U.S.84.95% on Monday.

Acting Manager. Hong Kong, 20th February, 1936.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vanit that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Ficer of Our New ballding is Specially Con- The Basis of the shore Bank so cocuststructed to provide all of these Im

by the HONG KONG AND SHANGHAI BANKING CORPORATION.

aled on 1pplication.

Bales may be

FOR THE HONG KONG AND KHANGHAI BANKING CORPORATION.

V. M. DRAYBURN,

Cilal Manage.

Hong Kong. 24 Pabruary, 1984,

THE BANK OF EAST ASIA, LTD.Į

Lahorian Capital

Palang Capital

merre sted Undlylded Prof

10690,800.00

HEAD OFFICE:-HONG KONG

19. Des Your Bond Central

BOARD OF DIRECTORS:-

Sir Shou-sen Chow, Chairman,

Ken Chun. Esq., F. K. Kwok, Z., Wos Ten Tont. Eng., Chan Ching Bhek, Eig.. Le Lan Sony Eq.. Wook Chu Son, Zaq, sa Kan Ying

Amay

Kon Tang P, Eng.. Chis! Maciger. - L Ten Fong, Esq., Maangor,

BRANCHES. AND ADENCIES:--

Benach

Bemarang Shangha

Melbourne

NAEMALI

Now Yach

Vaka

Belgioed

Paris

Paiping

www. bydney

Poning

Kangoon

Tokre

San Francisc

Vancoerer Iskokama

very deplas al Banking and Exchange balnew seanssted.

souri.

Longed ·am· approved

Carrat Apuase opened in Love Quo

and Fiss! Lisposta vostrad for your

shear periods in Lol sad Yoels, Curesnoise

portant Qualities.

You may obtain a 9ate Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- Ital.

•

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. ·

Corner of Ice House Street and

Des Voeux Road, Central,

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong,

Authorised Capital Paid-up Capital

$11,000,000 8,655,000 32,170,492

RAW RUBBER PRICES

Latest Quotations From

Singapore

Messrs. H. B, Joseph & Co. have received the following Straita Currency quotations (Buyers) from Singapore for Raw Rubber.

Jan-March-22 1⁄4 Up %. April-June-23 4 Up %.

Market: Steady.

STEEL PRODUCTION INCREASE

Pittsburg, To-day.-American Metal Market" atates that due to increased automobile and other buying, steel production is estim- ated at 30 per cent. of capacity, which. is up 1 point, United Press, per S. E. Levy and Com-

pany.

TELEGRAPH MERGER URGED

IN AMERICA

New York, To-day Postal tele- graph officials have urged the Goy- Total Resources Branches: Canton, Tolshan, Shanghai, ernment to authorise a merger with Hankow, Bangkok & San Francisco. the Western Union Telegraph Com- London Bankers: Lloyds Bank, Ltd,pany citing the extravagance of Foreign Exchange and Banking "destructive competition".-United business of every discription tra Preas, per S. E. Levy and Company.

Rcted. ›

Current Accounts opened and Fixedje".

Deposits received for one year; o FIRESTONE RUBBER ··COMPANY shorter periods at rates which will be quoted on application, NY

Safe Deposit Boxes (various sizes) fer hire.

LOOK POONG SHAN,

THE

Chef Manage.

REAPS VAST PROFIT✨✨

!

New York, To-day-The Fire- stone Tyre and Rubber Company has shown a profit for the year) ended October 31 of U.S.34,154,- |666, as against U.S. $2,897,059, læst

which will be quoted on application. AMERICAN EXPRESS COMPANY, year-United Press, per 8, E

ЖАН ТОНО ГО

Sale Deposit Boats To Let.

INC.

Chial Manager.

Hong Kong, la March; 1956.

Head Ofico;-65, Broadway, New York

Capital

Surplus

Resqryen

THE BANK OF TAIWAN, LTD.

Head Office:-Talkoku, Formosa, Incorporated in Japan by Speciál Imperial Charter, 1899.

.

..U.8.$6,000,000.00

...... 2,087,112.4.

1,995,528.31

BRANCHES:-

Amelerian

Antow

Chacon Dange

Athens

Birm

+

Central Bank of Formosa, Notes

laaned Average amount .45,000,000

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Toko-

Assusa Beale hama, Keelung, Makong, Nanto,

·Eamburg Bertin

Harro Shoke, Shinebiku, Taichu, Tainan,

Bombar

Boldalbers Taito, Takao, Tamsui, Toen, Karenko,

InterTakao: Bruss

Jerusaleza Kagi, Helto, Giran.

Cairo

Looden China:Amoy, Canton, Fooebaw, Hun-

Calcutta Liverpool kow, Shanghai, Swatow.

Canke

Крим Others: Bombay, Hong Kong, London, Colombo

Depechagan • Laser New York, Singapore, Batavia, Dublin

Marseilles Palcburgh Samarang, Soerabaya, Dziran.

Monte Carl On-and-after-April-20th, 1984,-the-

twin rate of Interest on Special Currant Depoilt will be at 14% pa. on dally balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-11⁄4).

Y. ORNO,

Hanager.

a, Des Voeux Road, Central

Hong Kong Branch

THE YOKOHAMA SPECIE BANK

O LIMITED

Estabaked 1880

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

Ten 124,250,000

Head Dice:-YOKOHAMA

* Branches and Agencies at:

́Alexandria

Batavia

Berlin

Calcutta

Bombay

Canton

Nagaiak! Nagoya

New York Osaka

Peiping Dares (Dairy)

Rangoon Fenstien (Mukden) Rio de Janeiro

Hamborg

Hankow

Harbin

Hong Tour

Honolulu

Brinking

Karachi Kobe London

Sen Francisco

Seattle

Semarang Shanghai

Singapore

Soerabaya

بالمعلا

Munich

Mootout:

Ming Klo

Fimous Paris Folpla, Palermo Hotsdam Bus Bhangha

Bingson

Taorming

Vienos -

Venice

·Zürich

Levy and Company.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office.Shanghal

Capital

Reserve

Branches

$7,500,000.00

$1,500,000,00

LOCAL SHARES.

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

Banks.

H.K. Bank $1600 b.

BRITAIN'S REVENUE

DECREASE

London, To-day.

The Exchequer return for the past week show that during": this! current financial year total ordinary! revenue, exclusive of self-balanc ing revenue, amounted, at December

BROKERS BULLISH | ECONOMIC LAWS

IN NEW YORK

Anticipate Rise In Industrials

GOLD CURRENCIES WEAK

New York, To-day

IN GERMANY

Tightening Grip On Nation's Capital

SPECIAL TO CHINA MAIL..

(By-Talegrápk, Copyright, Telegra phio "Messages Ordinancs, 1898, Res

Berlin, To-day,

Most brekers continue bullish,ceived December 5, 9 am)

1 to £374,428,866, which is £1,754,- pointing out that industrial aver 554 loss than the amount collected ages, have advanced in 24 out of at the corresponding date last year. the past 37 Decembers while rails

Expenditure for the same period, advanced in. 20... exclusive of self-balancing Items, Favourable, factors

yesterday

were

The German Cabinet has adopted series of economic laws tightening the grip of the President of the Reichsbank, Dr. Hugo Schacht, on the nation's capital. The most m. was £471,023,026, which exceoils were that business failures

significant one limits all dividends the amount expended at the cor- 201 last week, as against 229 in to 6 per cent., while the surplus can last year by the previous week and 268 in the be deposited at the gold discount n.responding date

£6,076.969-British Wireless Ser-corresponding week of last year. tank in the form of a loan reserve

and that the Eastman Kodak Com which can be used for domestic re pany has declared a 75 cent extra lef and building projects.

H.K. Bank (London), $185 Chartered Bank £16% n. Mercantile Bank, A. & B. £82 Mercantile Bank C, $1816 n. Bank of East Asia, $93 n. Am: 0. Finance Corp., Sh, $20 n. China O: Fin. Ord., Sh. $4 n. - China O. Fin. Praf: 'Bh. 35 m.

Insurances.

Canton Ins., $270 n. Union Ins., $511 s., $516 sa.. China Underwriter, $1.10 b.

vice,

NEW YORK STOCK EXCHANGE

$1 quarterly dividend.

The surplus cannot be claimed for

dividend, plus the regular U. S.

four years-United Press, per S. E. Unfavourable factors. ware Mon-Levy and Company.

day's sharp decline in trading vo-

E. Levy And Co. And lume and the renewed weakness INFLATION IS NOT.

A.O.F.C. Quotations.

of gold currencies.-United Press,

per S. E. Levy and Company.

8. E. Levy And Company's Report

China Fire Ins., $510-n. H.K. Fire Ins., $2371⁄2 n. International Assce. Sh. $5.80 n. York have been received by Measts. E. Levy and Company, corres

Shipping.

Douglases, $41 n... H.K. "Steamboats, #7%-n. Indo-Chinas (Pref.);'$80 n. Indo-Chinas (Def.), $85 n. Shells (Bearer) $45/71⁄2 n. Valon Waterboats, $133⁄4- ̄n.'

Mining.

Antamokg 71. cts. ·sa. Balatoes, $37 n. Baguio Gold 40 rts. n. Benguet Consolidated $13% n. Benguet Exploration 21 cis, b. Benguet Goldfield, 20 cts, b. Big Wedge, 10 cta ¤; Gold Creek, 21 cts. n. Gold Rivers, 21 cts. n. Ipo Mining $21⁄2 ́¤. Itogars $6.30 n. Salacots 16 cts. n. Kallan 20/- n.

Langkats (Single). Sh. $15 a. S'hai Exploration Shi 35 3, S'hal Loans, Sh. $6 n. Haube, $11 n. Venz; Goldfield, $5 n. Docks. etc.

H.K. Wharves, $106 b. H.K, Docks, $12% n." Providents (old) $1,40 b. Providents (new), 50 cts. n. Hongkews, Sh, $310 m. New Engineerings, Sh. $5% n. S'hal Docks, Sh. $120 n.

Cotton Mills.

Ewo Cottons Sh. $10.10 n. S'hai Cottons (old); $741⁄2 n.. S'hai Cottons (now), $45_n.. Zoong Sings, Sh.. $9.40 n. ....... Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc. K.K. and. S. Hotela $5 n... H.K. Lands $5216 b. H.K.

Lands 4% Debentures 101% n.

Shanghai Lands, Sh. $25% a. Metropolitan Lands, Sh. $18 n. Humphreys.. 89 n.

H,K. Realties $4.95 n. Asia Realties"A", Sh. $100 n. Asia Realties “B” Sh$20 p. Chinese Estates, 380 n. ・・ China Realties, Sh. $124 n. China Debentures Sh. $187.n.

Public Utilities.

H.K. Tramways $193⁄4% 8,

All Important Cities!

in China Foreign Exchange and General Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposits, received for one year or shorter periods at rates which will be quoted on application.

SOU Z. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux. Road, Central.

·Manager's Office ... Tel. 23665 Foreign Exchange Dept. 38568|___C_Light_(old), $9.40 b., 49 s.

», 35567 *38680

General Office

Cashier's Office

Peak Trams. (old), #14 n. Peak Traxis (new), $7 n. Star Ferries 96% b., $974 83. Taumati Ferries $224 m.

C. Light (new), $9.20 b.

Branches of American Express ComTHE MERCANTI H.K. Electrica $70 n.

pany in Principal cities of United States of America and Canada:

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts handled.

The Company offers to intending Travellers the use of its "Travelors Cheques" and Letters of Credit and, In addition, the world-wide services fita thoroughly equipped Travel De- partment.

NO, DEN BENSON ME

THE WING ON BANK, LTD.

HONG KONG

Authorised Capital $10,000,000

-:Föreign Exchange »Business of every description:

Tod

Current Accounta

Deposita received it

Fixed Deposita received for

(or) shorter; period atti

be quoted on applicat

Safe Deposit for bire

BANK OF INDIA, LTD.

HEAD OFFICE

18, Cochurah Breel, · London, E.0.A.

Authorised Capital

Subscribed Capital Pall-up Capital ... Reserve Fund' & Rest'

1,050,000 1237,492

The Bank of England - Midland - Bank, Ltd.

Ipok

Kuala Lipis “Kuala Lumpur.

New York.

Rangoon -Shangha

Віддорски

(Rekey" dubeniyetlen af Banking and Bobinge bou- |

Eruvučera: Olégias "Boomić;" Trustee, and Executorships under

• Hong Kong 2.- Kuantan (Fabang) - Bierlä

Pland: Expostulat Mason” that

appliorties

Hong Kong÷12th June, 1984

THE SHANGHAI:COM

SAVINGS BANK

Macao Electrics, $25 n.~ Bandakan Light-$8 n.

• Telephone (old), (28.35 n.

• Telephone (new), $9.60 b. China Buses, Sh. $18.20 n. Singapore Tractions 4/8 b. Singanora Pref.. $17/9 h.

Industrials

Malabon Sugars, $8.70 m. Cald: Macy. (Ord.), Sh: $21, n. Cald: Macg. (Pref), Sh. 120 Canton Icea $2.85 b.-- Cements $235′n. ' HK. Ropes ABAZ Stores, etc.

Dairy Farms $22,80 b. *** Watsons: 35 nap

Der, A. Wingi 31 mega Lane Crawfords $3.55 n. Mackintoahs, zin. Sinceres, $10 n. Wm. Powells, 70, sts. n. Wing On (HK) 8110 1.

The following quotations from New

EXPECTED

In their market report, Messrs. Noted Economist Views,

S. E. Leve and the American Oriental pondents for Messrs. White, Walde

Finance Corporation.

Last 'Close 10.10 11.00. NY/London 4.25% 4.90 NY Cotton Mar. 12.46

July

12.47

54.90 M. Silver Mar.. 55.05

May

BS.GON---- NY Silk May. 131 NY Rubber Mar. 13.24

July

18.65

12.45 12.39

C. Wheat May. 9974

July

99

C. Corn May .. 90% W. Wheat May 82 STOCKS:-

and Company, New York state:

New York, To-day. The noted economist, Mr. Roger "Stocks: Friction over the Gov- 4.94%

ernment's housing plans is causing Ward Babson, has predicted that.. 12.50

A statement by continued business gains will lest 12.40 uneasiness here. 54.80h President Roosevelt, giving a de- through till the year end. He said 55.405 finite outline of his stand in these that the strength of bonds indicates 130 matters, is looked for.

that investors do not expect infla Meanwhile,

tion.-United Press, per 9. E. Levy Land Company.

19.27 13.81

13.68 the market lacks incentive. ness, done: 950,000 shares.

(Continued on Page 7).

09%%

93%

90%

8244

Amer. Smelting 35% Auburn

36

34

25%

Con Gas NY

..23%

23%

23%

Du Pont...... 88%

97

Elec Bo & Sh... 8% Gen. Motors

84

8%

8214

32%

Int. Tel & Tel..'9

9

3214 9

Loew's Inc. .... 88%.

364-36

Mont, Ward... -29%

29%

Nat Distillers ..

20%

20%

29% 27

NY Central ... 21%

21%

214

Stan Oil NJ ... 42%. 424 US Steel .. 87% 37%

London Prices.

42%

37%

Buai-

HE REMEMBERED CONVICTION

But Only After A Day

CASH FINANCING RECORD IN UNITED STATES

New York, to-day.-Mr. Henry Morgenthau, the United States Treasury Secretary, has closed the books of the Treasury, showing "I remember now" said Yip Wan total of $900,000,000 of cash Mun when admitting a previous financing, marking an all-time re- conviction of one month's hard cord in subscription speed-United labour for larcency, five years ago Press. per S. E. Levy and Company. when he appeared on remand 'be-| tore Mr. E. I. Wynne-Jones at the

The following quotations from Lon-Central Magistracy, this mortiXEX=XXXX|

don. were received last night between 5.30 p.m. and 10.30 p.m."

Silver: Spot 24-11/10 (last clase); 24-11/16 (last recd.), unchanged.

Silver Forward 24-18/16 (last close); 24-13/16 (last recd.), unchanged.

Defendant denied the conviction yesterday and was remanded for in- quiries.

Defendant was charged with the theft of one piece of cloth from a

Silver Report: India bought. China stall in Wing On. Street, and was sold. Market steady,

Bentenced to two months' 'hard. Cold: 142/2 (last close), 140/81abour by His Worship. Movi

(last recd.), 4d, up (change).

London/N.Y. Selling Rate: 95% (last close); 4.94:13/16 (last recd.), 15/16 down (change).

London/Peris Selling Rate: 75.21 (last close), 76.09 (last recd.) .12 down ((change),

Liverpool Cotton-Mar: 6.71 (last close), 6.60 (last recd.), 05 down (change).

Liverpool Wheat-Dec.: 4/9% (last close), 4/944 (last reed.) unchanged.

London Rubber-Apr-June: (buyers) 8-9/16. (last close), 8-9/16. (last roed.); unchanged (change).

London Rubber-Apr-June (sellers) 6% (last close), 8-11/18 (last recd.) 1/16 up (change)," All t

London Rubber at noon (buyers) 6-9/16 (last recd.) fo

London Forecast

A forecast from London on the probable trend of the New York mar ket states:-

The uncertainty surround President Roosevelt's attitude in domestic air

BRIGHT HOPE OF. CANTON- : NANKING RAPPROCHMENT

(Continued from Page`1.) | | |". South-west, the troops in Fukien and Kiangel should be sent to Szechuan to suppress the Com munists. Their presence near Kwangtung is a continuous threat to this province, he emphasised,

Mr. Hsiao. stressed that the Communists in Fukien and Klanget have escaped to the west and that there is now no occasion for heavy concentration of troops in Fukien and Kiangsi.

is likely to further curtail activity on in power" should publish

Values are receding

"To have a unified government, commanding confidence," Mr. Kstać declared, "it la necessary that those all Wall Street.

ravenues and expenditures, that Blightly

Cotton is depressed by the Bureau troops should be used in sup report of increased acreage. The Ad pressing the Communista and for ministration is advocating the Bank national defence, and that the head Act to prevent non-signers bene

fitting at the expense of existing Executive Yuan should function in Corn is temporary over-the same manner, as a responsible signers. bought. Visible supplies are decreas Cabinet."

ing owing to the cold weather... Rubber is expected to open lower.

AUTOMOBILE PRODUCTION

DECLINES IN US,

CHANGE IN AMERICAN BANKING CODE

New York, to-day-The Ameri-

New York, To-day-Automobile can Bankers Association; has an- production last week was 11,389nounced that the Banking Code's units, as against 18,000 units in the controversial service charge clause previous week and 10,041 units last has been cancelled. United Press year-United Presa, per. S. E. Levy per S. E. Levy and Company. and Company.

NEW YORK DEPARTMENT

STORE ADVERTISING

New York, To-day-New York

November department store

lines vertising was 9,761,818 Jagainst 8,797186 in October and

3,542,695, last yea

per E. Lavy, and, Company

Is It Insured? ?

LOWEST RATES

Asiatic Underwriters Fed Inc USA

General. A gentaget

gone

Everything BUT YOUR

いい

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC.

Life Hulking

Em Lon

'Tel.:20186

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES" AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY, SERVICE

MembersAMA

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

CORRESPONDENTS FOR

WHITE SWELDVA. CO. NEW YORK

-7 ICE HOUSE STREET, HONG KONG)

and 1801082