1934-12-17 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Kathorised Capitat

$50,000,000

Imand and Fully Paid-ep 1,000,000

Burro Punda :-

Herling

£8,500.00

ver $10,000,000

Basenya Linklisy of Propriators 20,000,000

HEAD OFFICE, HONGKONG.

BOARD OF DIRECTORS.

Elon. Mr. C. G. 8. Mackles Chairman,

lton Mr. 2, H. Butwell. Deputy Chairman.

W. 4, Xamek, 21.

night, Esq.

AMOT

KANGKOK

BATAVIA BOMBAY BALCUTTA DANTON

UHEFOO COLON BO

DAMEN

. Miekin, Esq.

T. E. Pearce, Kaq.

T. M. Graybara, kaq,

Chint Lanager.

BRANCHE-

LANDON LYONG MALACCA MANILA

MUAB (Jabore)

MURDEN

NEW YORK

PIPINO

.

FENANO

BANGOON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858. BEAD OFFICE: LONDON

Paid-up Capital

Fomiga Ezokaope sol ünnerai Banking business

trasacied.

; which will bể quoted on application.

W. B. E THOMAS,

THE CHINA MAIL, MONDAY, DECEMBER 17, 1934

Commerce and

Finance

EXCHANGES.

TO-DAY'S QUOTATIONS.

LOCAL · SHARĖS.

TO-DAY'S QUOTATIONS.

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

Banks.

H.K. Bank $1625° b.

H.K. Bank (London) £187% D. Chartered Bank £16 n.

Mercantile Bank, A. & B. 293 n.. Mercantile Bank C.- £18% n. Bank of East Asia, $98 n. Am: O Finance Corp., Sh. $20 m. China O. Fin. Ord. Eh. 4-2. China O. Fin. Pref. 8h. #5 m.

Insurances.

Reserve Fund.

.£3,000,000 ..$3,000,000

Reserve Liability of Pro-

priators

.23,000,000 in London-

Agencies and Branches:

On T.T. and demand

Alor Star

Rolle

Rangoon

4 months' sight

...1/8/2 1/8

Amritsar

Ipol

W. 3. Hall. Reg.

Danglek Belaria

Kamobl

faigon SAGE

Credits 4 months' sight 1/9

Hlang

Beerbaa

A. H. Compton, Eng.

K. h. Morris, Lege

Boubay

Kobe

+Calcutta

Huala

Abangal Blagepres

Dn Shanghai-

Cation Casport

Lumpur

Bitis

On demand

120

Kuching

Bourbare

On Singapore---

| Cadu

Golob

Taping

Manila

Tiebald

On demand

7234

Hedan

Toogkah

Haiphong

New York

(Banker)

On Japan!

Hamburg

Taiping

Πολυχια

Bankow

__(Poking}

Yiskunna

On demand

1464

| Harble_

Zan.bongs

Rosy Hong

On ladia-

On TT. and demand

11314

Curreal Anocuate opened and Fized Daposita On New York-- received for one year or shorter parfɔda si ater

On demand..

421⁄4

Credits 60 days' sight

43%

Canton Ing., $270 n.

Acting Manager.

On Batavia-

Union Ins, $500 b.

On demand

*82%

China Underwriters $1.10 b.

On Paris-

On demand

640

Credits 4 months' sight ... 670

On Saigon-

On demand

64

On demand

84%

On Bangkok-

On demand

108/2

Boveigns bank buying rate 1/9% 24 7/16

now.

nom.

1% prem.

JOCHUR HAIPHONG

KAMBURG MANKUW

HARBIN

MONIKEW

170140

LPUH

JOHORD

KOBE

MOWLANN

BATION

BAN FRANCISCO

KUALA LUMPUR

HEANUELAI

SINGAPORE

ZUURABATA

SUMGEL PATANI

TIENTUIN

TOKYO

THINGTAO

YOKOHAMA

Durrat Aule opened in Local Currency

ca Fixed Deposite revived for

y

shorter periods is Local Company and Eterling

on tartis which will be quoted on application.

Hong Kous, 18th April; 1836. ̧

Hong Kong, 20th February, 1984.

SAFETY FIRST! ›

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE-PROOF

BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT

On Manila-

HONG KONG SAVINGS BANK. located on the Mezzanine Floor of Bar Silver per oz.

The Business of the above Bank loads. adby the HONG KONG AND SILANGHAI Hules may be BANKING CORPORATION,

tained on spasion.

VOR THE HONG KONG AND BHANGHAI

BANKING CORPORATION

Y. M. GRATACEN.

Chist Manager,

Hoax Kong, Mih February, 1984.

THE BANK OF EAST ASIA, LTD.

Sutherland Depital

d-up Cape

Weber pad Undivided Proste

HEAD OFFICE:-HONG KONG

I, Be You Road Central.

.. BOARD OF DIRECTORS

Biz Bboy sa Chow, Chairma

$14,609,800.00

8,506, 1,484,000,00

WOOR

Our New building is Specially Con-Bar Silver in Hoog stracted to provide all of these Im portant Qualities.

Kong Copper Cash

You may obtain a Safe Deposit Copper Centa Box to this most up-to-date Vault for Rate of Native Interest 3% pa.. your own use at a very moderate Ban Chinese Sub. Coin ... 27% dis. ital.

Par Hong Kong Sub. Coln Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

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

ROOSEVELT ENCOURAGES THE CONSERVATIVES

Washington, Saturday.

Advisory President Roosevelt's

THE BANK OF CANTON, LTD. Council is planning to recommend

Established 1912.

Read Office:--Hong Kong.

Lo Chus, aq, P. K. Kwok,_L" LesAuthorised Capital

Tus Tong, Rig.. Chan Ching Bhek, Requ

Bag, Woog. Oku Ban, Eng, and Kas Yes Paid-up Capital

Estaria

Prabo

Calita

KA Tong Po, Esq., Chist Manager,

Li Ten Forg. Esq, Manager.

BRANCHES AND AGENCIES:-

Macla Melbourne Nagasaki

New York

Beattie

Samarang Skagha Bansport Gurban Bilan

bydney

Osaka

Paria

Hanker Heilu

Palpics

Penang

Tidols

Faustoo

Testin

Kowloon

Baigon

Tokyo

Endon

Ba Fracele

Vancouver Yokohams

Every description of Banking and Exchange] bolts ransacted. Long granted on napraved saouzilles

Optreni recurte opened in Loval Durmaz und Pisad Vapoelia mitad for one your of sheriar periods in Local and Foreign Currenc rm which will be quoted as application. Bale Tapnet 30 To Let

KIN TONG PO,

Box Bang, ist March, 1034,

Chief Manager.

Federal and State unemployment insurance, State administrated, thus encouraging the conservatives and $11,000,000 virtually insuring the defeat of the 8,855,000 Wagner-Lewis proposal. — United Total Resources ..

82,170,492

Press. Branches: Canton, Tolshan, Bhanghai, Hankow, Bangkok & San Francisco.. London Bankera: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans- jacted.

JOAY OT

NEW REGISTRATION RULES NOT THOUGHT ONEROUS

Current Accounts opened and Fixed -New York, Saturday. The Deposits received, for shorter periods at rates which will be Security Exchange Commission is planning to issue per cent, registra- quoted on application.

Safe Deposit Boxca (various size)tion rules next week which Wall ifer hire.

LOOK POONG BEAN,

THE

Chief - Massager,

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 45, Broadway, New York

THE BANK OF TAIWAN, LTD,

Capital Surplus

Reserves

Head Office: Taiboko, Formos, Incorporated in Japan by Special Imperial Charter, 1999.

Central Bank of Formoss, Notas

issued Average amount Y.45,000,000

Branches and Agencies. Japan:-Kobe, Osaks, Tokyo, Toko- hama, Keelung, Makong, Neato, Shoka, Shinchiku, Taichu, Tainan, Talto, Takao, Tamsai, Toen, Karenko.) Kagi, Heito, Giran.

China:-Amoy, Canton, Focchow, Han-

kow, Shanghel, Swatow.

Interlaken Jazurkiem

.1.3.$8,000,000.00 2,087,112.89 1,995,528.31

Naples Piraque Paria Pripin Plot200 Flotterdam

BRANCHNS-

Ámaternaz

Antwerp

Oraon Glasgow

Njon

Athens

I

AGURD

Benbe Berlin

Bombay BIGHOR Brunei

Hamburg Harr Haldalberg

Calre

London

Celovita

Liverpool

Luserne

Insgend

Copackages Inibila Edinburgh

GISATA

Luier

Margallo

Monte Carlo

Venice Yetchame Furich

Conser

Others: Bombay, Hong Kong, London, Colombo

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

On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 14% pa. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1).

Y. OHNO,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central

THE YOKOHAMA SPECIE BANK LIMITED.

Munks Montreux

Southampton Bingsport Think

Taormina

Vienna

street tradera disbelieve will be onerous enough to cause corpora- tions to remove from the listing.—! United Press.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

Li, Gracechurch Eireet, Londen, ECB.

Authorised -Capital £3,000,000 Subscribed Capital 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Rest -1,247,482 BANKERES The Bank of England 2-Midland · Benk, Ltd. BRANCHES:

Now York

hangtok

Bombay

Ipoh Kandy

L'ONT DO

mesa Daura

Delhi

Bong Kong Ebreak

..

Reala Lipia

Raccoon Kuala Lumpur Bhangat Kuentan (Pabang) -8ṭmik Nadin

Singaporn

+

NGNG KONG BRANCH Every drip on of Banking and Echange bani! sa texmescled. Travellers Chequas issued.

Trustee and Executorships, under taken.

PINTEREST allowed on Current kosounia mod Fixed Deposits of Hason that may be ascertained ou application.

3. H. ROSS,

1. Queen's Head Castral.

Manage

Hong Kong, 12th June, 1984.

Branches of American Express Comi pany in Principal cities of United ----- Etates of America and Canada.

All classes of Commercial Banking Fransactions' undertaken.”

Personal investment accounts handled.

Company offers to intending: The Travellers the use of its "Travolary Cheques" and Letters of Credit and, in addition, the world-wide services Yen.124,250,000 Its thoroughly equipped Travel Do-

[partment.

Established 1880

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

Bead Office:--YOKOHAMA

Branches and Agencles at: Alexandria

Berlin

Batavia

Bombay Calcutta

Dairen (Dalny)

Nagasaki Nagoya

Osaka Paria

New York

Eanton

Pelping Rangoon Feugtlen (Mukden) Rio de Janeiro Hamburg

San Francisco- Hankow

Seattle

Shanghaf Singapore Sperabays

Harbin

Hong Kong

Bonolulu Hainking Karachi

Robe

London

Los Angeles

Semarang

É. W. DUGGAN,

Manager.

THE WING ON BANK, LTD. HONG HÙNG

Authorised Capital $10,000,000⠀⠀

Foreign Exchange and Banking! Business of every description transact- ed.

Current Accounts opened, Special! Deposita received at special rates, and Fixed Deposits received for one year or shorter period at rates which will The quoted on application.

rentsin Tokyo Tringtau Manila

Yingkow Moji

Interest and on Current Ac-for hire.

Deposita receted for fixed periods. rater to be obtained on appifcation L

KISHINALI

MANGO Manager. Hong Kong, 11th September, 1984,

Safe Deposit Boxes (various else) AVAMPHILIP, GOOKCHIN. Pre-Chief: 21ønager. GOCKCHIN Assistant Maduspering

LI BHU FONG Assistan: Managen

THE CHINA & SOUTH-SEA BANK,

LIMITED

(Incorporated in. China) Head Office...Shanghai Capital Reserve Branches

inf

..$7,500,000.08. .$1,500,000,00 .All Important Cities

in China

and General Foreign Exchange 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 Ofke ........ Tel. 28585 Foreign Exchange Dept., 33606 General Office

83587 Cashier's Office

33509

11

THE SHANGHAI COMMERCIAL

& SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up... $5,000,000. $7,000,000, Reserves Capital Savings Dept. $500,000. Reserve, Savings Dept.:$600,000.

Read Office-Shanghal

· A Bank having as its mission the industrial development of China. and the fostering of her commer: cial relations abroad.

v

Hong Kong ofice"-7 Ice House St.

China Fire Ins., 1510 n. H.K.. Fire Ins., $2371⁄2 n. International Assce. Sh. $5 n.

Shipping.

Douglases, $40 b.

H.K.. Steamboats, 87% 0. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def:), #83 n. Shells (Bearer) 45/T1⁄4% n. Union Waterboats, $18 n.

Mining.

Antamoks 72 eta. sa.

Balatoce, $37 n.

Baguio Gold 40 cts. n. Benguet Consolidated $13% n. Benguet Exploration 21 cts. b. Benguet Goldfield, 20 ̊ets. n. Big Wedge, 10 cts, m. Gold Creek 20 ets. b. Gold Rivers 20 cts. b. Ipo Mining $1 n. Itogans $6.30 n.

Salacots 16 cts. n. Kaflan 20/6 n.

Langkats (Single) Sh.. $15 n. S'hai Exploration Sh. $5 n. S'hai Loane, Sh. $6. Raubs, $11 n.

Venz; Goldfield 25 a.

Docks, etc.

H.K. Wharves $107. b., $109 8. H.K. Docks, $12% a. Providents (old) $1.40 n. Providents (new), 50 cts. n. Hongkews, Sh: $310_x. New Engineerings, Sh. $5% n. S'hai Docks, Sh. $120 n.

Cotton Mills. Ewo Cottons Sh. $9 n. S'hai Cotton (old) $74 n. S'hai Cottona (new) $44% n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. $55 ».

Lands, Hotels, etc. H.K. and S. Hotels $$4.95 n. H.K. Lands $55% n. H.K. Lands $101 sa. Shanghai Lands Sh. #2434 D. Metropolitan Lands, Sh. $18 m. Humphreys $9%. n.

H.K, Realtion $43⁄41⁄4% n. - Asia Realties "A", Sh. $100 n. Anis Realties “B” Sh.320 n. Chinese Estates $88 n. China Realties, Sh. $121⁄4 n. China Debentures Sh. $136 a.

Pablle Utilities H.K. Tramways $19.90 b. Peak Trams. (old), $12 n. Peak Trams (new), $7 n. Star Ferries $98 6.

Yaumati Ferries 8221⁄44 n. C. Light (old) $10%/10,80 sa. C. Light (new) $10 1. H.K: Electrics $72-n. Macao Electrics; $25 n. Sandakan Lights $8 s. Telephone (old) $24% b., $25 sa. Telephone (new) $10.40 b. China Buses, Sh. $18.20: n. Singapore Tractions 4/8 b. Singapore Pref. $17/9 n.

Industrials

Malabon Sugars, $8.70 n. Cald: Macy. (Ord.), Sh. 321 ¤, Cald: Macg: (Pref.) $20_n. Canton Ices $2.85 b. Cements $2.80 #. H.K. Ropes $4.10. n.:

Stores, etc. Dairy Farms $24 n. Watsons 35 n.

Lane Crawfords $3.75 p. Mackintoshs, $21 n. Sinceres $914 Ï...

STOCK MARKET, DULLNESS

Radio Corporation Irregularity

WHEAT DECLINES OWING TO PROFIT-TAKING

SPECIAL TO CHINA MAIL.

New York, To-day.

NEW ADVERTISEMENTS.

PUBLIC AUCTION

HE Undersigned have received"

Tinstructions to sail by Publie

Auction

ON

Thursday, the 20th. December, 1934 commencing at 2.30 p.m.

at their Sales 'Room, Duddell Street

TOYS

TOYS !! TOYS !!!

The market was narrowly Irregu-| |lar and dull on Saturday. This was

attributed to a tendency to await! President Roosevelt's fireside speech. Excepting a few specials, Dressed Dolls, Furniture sets, stocks fluctuated widely.

Load soldiers, Games, Billiard Radio Corporation stock acted Tables, Battle ships, Word making confusedly.

& cricket Bets, Huge Blocks of com-frames, Golf

toys, and mechanical mon stock were dumped until it Wooden reached five, a new low for a move-Crackers, Flags, Xmas Decora- ment, while preferred A and Btions etc., etc. stock advanced.

On view from Wednesday, the be-19th, December, 1934.

Terms: Cash on Delivery

LAMMERT BROS, Auctioneers.

This was all due, outsiders ilove, to the belief that the Com pany's recapitalisation plan, might provide for the payment of pre-

Madeline Slade, who gave up the luxurious life of a British social, Agure to be a disciple and hand-ferred arrearages in common stock. Hong Kong December 17, 1984.

maiden of M. K. Gandhi, Indian mahatma, is in America ostensive. ly to pave the way for the coming of Gandhi. She is shown arriving In New York.

LOCAL DOLLAR STEADY

Silver Prices Unchanged

The

steady, local dollar is opening on demand this morning at 1/82.

Spot and forward allver prices have remained unchanged, closing on Saturday at 24-7/16 and 24-9/16, respectively.

The London on New, York cross- rate was quoted at £-U.S.$4.94%, 68 compared with £-U.S.$4.942.

The New York on London rate] was quoted at £-U.S.$4.94% as compared with £--U.S.$4.94%.

which would increase the already, large amount of common stock out- standing, and would be detrimental. It is rumoured, however, that common stock might be split on the hasis of one new share for four] old ones.

Bonds were irregularly higher, curb exchanges were steady, while wheat declined owing to profit-tak-

ing-United Press, per S. E. Levy and Company.

SWING TO RIGHT

IN AMERICA Face-Saving Action Seen By Wall Street

:

BELFAST LINEN MARKET

Encouraging Demand From Colonies

WEAVERS MORE ACTIVE

Belfast. Nov. 7. Flax:-Irish. The markets are not as yet. ail supplied fully, but Inext week should see them all well supplied. Demand has been keen for all classes, and, consequently, value has not been so attractive.

Courtrai:-Demand bas been keen for all classes of dew retted Wall Street opinion is growing to and poor quality water retted believe that the Administration flaxes, as a result of which there will swing further to the Right ip has been an increase in price..

SPECIAL, TO CHINA MATI...

New York, To-day.

BUSINESS HEADS TO the forthcoming few months, and There is no change in other quall-

MEET IN VIRGINIA

Labour Representatives Not Invited

to believe that the process will in-ties.

volve considerable face-saving pre- Latvian: The Government has caution Officials consider that the made a number of moderate sales mounting Government debt to the and has now advanced the official. nation is the biggest problem, and quotation. A number of waggona are therefore inclined to support of new crop Livonian has arrived. the Withrop-Aldrich advocacy for in Riga and, as far as seen, looks direct relief and for work relief superior to last year's flax, cape. with the communities bearing the cially in quality. Reburden instead of the Government. Esthonian: The interior mar- Experts say that the elimination kets have opened and the new crop of extravagant expenditures and aflax is meeting with a steady de

(Continued on Page 7) balanced Budget will automatically eliminate dollar uncertainty, ---

SPECIAL TO CHINA, MAIL. (By Telegraph, Copyright, Telegre phic Messages Ordinance, 1894, ceived December 17, 10,30 am.)

White Sulphur Springs,

West Virginia, to-day. "One hundred Industrial, financial and agricultural leaders are expect!

ed to meet here to-day on the invita-United Press, per S. E, Levy and RAW RUBBER PRICES

tion of the United States. Chamber

of Commerce National Association

Company.

J

of Manufacturers, to design a co- RECOVERY REPORT

operative programme to accelerate

business recovery. It is noteworthy

ENCOURAGING

that labour was not invited, perhape Third Consecutive Month

due to the fact that the Secretary of the American, Federation of Labour, Mr. William H. Green, is suspicious of such meetings of big businessmen.-United Press, per 5.!, E. Levy and Company. ⠀

MAXIMUM LIMIT OF COTTON INTEREST

Of Progress

SPECIAL TO CHINA MAIL..

St. Louis, To-day. The National Retail Credit As- sociation monthy bulletin states that recovery, is actually underway. The buying public, for the third consecutive month. is reported to be promptly paying bills and buy- New York, to-day.—The Board of ing more from retailera-United Managers of the cotton exchange Press S. E. Levy and Company. have voted to set a maximum limit of interest for any member or firm or affiliation at 1,000,000 bales for delivery in December, 1984, and in all months up to, and including,

ROOSEVELT ADVISES U.S. UTILITY MAGNATES

Washington Saturday Preal

November, 1935 United Press, perdent Roosevelt in a conference with

S. E. Levy and Company,

SUGAR TRADING SUSPENDED

Possible Shortage

New York, To-day, i| The coffee and sugar. exchange has suspended trading of December, 1984, sugar delivery, owing to "an emergency arising out of a possible! shortage of sugar available for de- livery in December 1934," except for liquidating contracts made prior to Saturday. United Press, per 8.1 E. Levy and Company.

Hs. It Insured? ?

Insurance

All Classes

" LOWEST RATES

Wm. Powells, 70 etsin. Wing On (EK) $105

Miscellaneous. H.K. Amusements, $24 m. Entertainments, $71⁄2 n.. S.C. Enterprises, $1 n. Macao "Greyhounds, $2 n. Constructions (old) $2 n. Constructions (new) 78 cta. b. Vibro Piling $0.60 m. b Ch. Govt. 5% 1925 G8Bds--92% Head Offles

American Asiatic Underwriters

Fed, Inc., U.S.A. General Agents

17, The Bund HK Govt. 4% Loan, 7% prem. b. H.K. Govt. 834% Loan 83%

premn

Wallace Harpers $79% n.

CH, K. Office Asia Life Building BT:1. 39234

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have received the following Straits Cur- reacy quotations (Buyers) from. Singapore for Raw Rubber:

Jan.-March 21% op . April-June-23 up %.... Market:-Steady.

BANKHEAD ACT EXPECTED TO BE RETAINED

New York, Saturday. - Agricul- ture Adjustment Administration officials have predicted a final vote of 6 to 1 in favour of continuing the Bankhead Cotton Control Act.- United Press.

MONTGOMERY, WARD NET

PROFIT RISES

utility concert executives, advised aqueezing the water from utilities

New York, Saturday, stocks and, if possible, insisting that Messrs. Montgomery, Ward report equitable earning rates should be that the November net profit was based on the true amount of capital U.S.$695,715 as against U.S.$552,- necessary to generate and distribute 114 in November last year.-United

Press. electricity-United Fress.

S. E. Levy & Co.

ND DISTRIBUTORS

UNDERWRITERS AND

SECURITIES AND COMMODITIES - BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

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

CORRESPONDENTS FOR:

WHITE, WELD & CO., NEW YORK

7 ICE HOUSE STREET, HONG KONG

Tel. 80101, and 80103

Tel. Addz

Selco