1935-01-04 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Khorfand Capitat

used and Fully Paid-y

Beverve Funda

*****$50,000,000

Marling women. £ 8,500,000

MT4 3400 - 2848300

HEAD OFFICE: BONGKONG.

BOARD OF DIRECTORS.

Boo, Me, 0..0. B. Mankis

*Lion Mr. M. II, 25μmuži,

พ.ท. Ball, KR

Deputy Chirona.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

000,000 Incorporated, by Royal Charter, 1858.

HEAD OFFICE::LONDON

$19,000,000

Reserve Liability of Propriators$90,000,000

Paid-up Capital

Reserve Fund

£3,000,000) £8,000,000

Reserve Liability of Pro-

prietors

.£3,000,000

Agencies and Wranches:

Alor Star

Idolla

Bangoon

Amritar

Ipok

Balgon

Bangkok

Berasal

Barang

(. Minkin, Sag.

Belavia

Klabg

Barbati

A. 11. Compion, kaq,

R. B. Morrison, Leg.

Bombay

Kobe

W. Lavior, Esq.

7. B. Fomic, Log.

Caloutin

Kuala

Shanghal Slagspore

Usaton

Kaching

Doba

Colombe

Madea

Halphons

New York

Hazaburg

Pelping

*. G. Knight, Esq. "

AMOY

- JANDRO X

BATAVIA

BOMBAY

GALOUTTA DANTON CHEVOO 0OLOMBO BALKEN WOOCHOW HAIPHONG

HAMBURG

MANKOW

HARRIN

MONIKEW

HOILG

POK

JOHN

ROBK

ZOWLOON

Y, M. desplura, hog

Chial Mapagne.

BRANCUNG

LANDUN

LYONS MALACCA

MANILA

VUAB (Johore)

JUKDEN

NEW YORK

PENANG

PELPIND

BANGOUN

BA1BON

BAN FRANOIB00

BUALA LUMPUR

BUANGHAI

KINDAPORN

BUNGE! PATANI

TIENTSIN

BURADAYA

TOKYO

TSINGTAO

YOKOHAMA

Dures) Accountè opens in Local Barretor

sad Pized Deposite resited for any rest Or shorter periods in Local Dosapany and Berling on bezza; which will be quoted on explication.

Eng. 18 April 1994.

Long Long

(Faking)

TIDARK

.

Hoursbers Taiping Tantala

Tocakak

- (Ebular}

Tangio

Yokokape Zamboang

Forsigs Inchange sai lieneral Banking busine traced.

Current Accounts paned and Fixed: Deposite Tired for a year or shorter periode al rules which will be quoted on application.

ABREARLEY.

Manager. Hong Kong, 1st. January, 1935.

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

HONG KONG SAVINGS BANK. located on the Messanine Floor of

The Basisme of the shore Bank la soluci 1 by the HONG ZONG AND SHANGHAY AMING CORPORATION.

praised on application.

BANKING CORPORATION.

bkay be

V.M. OBAYBURN,

Chief, Manager. ·

How Long. th Wahreusty, 1984,

Our New building is Specially Con- stracted to provide all of these - Įportant Qualities.

tul.

THE CHINA MAIL FRIDAY, JANUARY 4, 1935

Commerce

LOCAL DOLLAR STEADY

Silver Prices Firm

The "local dollar is steady, opening on demand this morning at 1/8/

Spot and forward silver prices remained steady, being quoted ́·at| 24% and 24%, respectively.

The London on New York cross- rates was quoted at £-U.S.$4.92% as compared with -U.S.$4.933%. -

The New York on London rate was quoted at £-U.S.$4.92%-

LONDON FORECAST

Not much is expected to be done on Wall Street apart from a few bright spots in Industrials, pénd- ing the opening of Congress and President Roosevelt's speech.

Wheat is expected to be feature- leas with interest very much re- duced. Some quarters fear fur- ther regulations, of Grain Ex- changes. However, fundamentals of the market are sound enough.

Rubber should be a shade" bet- ter.

Cutton is expected to be irregu- lar with the Government as the

You may obtain a Safe Deposit biggest sellers and Bombay as the HOS THE HONG KONG AND UMROHA Box in this most up-to-date Vault for biggest buyers.

your own use at a very moderate Ba-probable that the market would It is considered

Inspection Cordially Invited. move upward if it were not res

·THE NATIONAL COMMERCIAL trained by Government selling.

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

THE BANK OF EAST ASIA, LTD.

-810,608,869.50 Kaikerised Caglia

$,698,800,00 Ieva_and_Undivided. Prodis commun. 37,684, 900.00

HEAD OFFICE:-RONG KONG 1, De Vaux End Central,

BOARD OF DIRECTORS -

Bir Shou-de. Chen, Chairma

La Con Chan,

1. L. Kxoà, Ž×4, Wong

Yus Tang. Eng., Chris Chlor Bek, og 4 Tan

Bang, Esq. Wong Cha B. Eng, and Kan Yisg

Sady

-Toba

Calcula

Balo

lại phong

Benolulu

Kawbon

London

Kao Toog Po, Esq. Olla! Musge.

El Tan Yong. Haq, Manager.

BBANCHES AND LOENCIES'

Kanila Melbouros Nagmaak! New York

Donke

Facia

Peiping

Fedang

Bangosa

Salzon

Beattie Bac Kasaghal Ringapor bourbaya

byder

Tallisku

•

Tienieta

Tokyo

Yokoha

Ben France · VannoRTIE 2

Bipon at Banlong - and. Esahangi itness transasted. Bow graced on 'approved

Quest Accounts speed in Lost Garroso Find Daposh refied for pos THE aberta pariode in Love and Forage Currencie

farma which will be quoted on sgpilation. Mala Deposit Joxes To Let.

LAN TONG PO,

Hoog Mong. 141 March, 1904.

Chist Manager.

THE BANK OF TAIWAN, LTD.

Head Offes-Taikoku, FormoGA, Incorporated in Japan by Spacial Imperial Charter, 1899.

THE BANK OF CANTON, LTD.

Established 1912," Head Office:-Hong Kong,

Authorised Capital

Paid-up Capital

Total Resourcon

KUT BARRAGE CONTRACT

London Firm Selected

London, To-day,

A contract valued at £169,720, for $11,000,000

8,650,000 two swing bridges with lock and 82,170,402 sluice gates, for £1,000,000 Kut Branchen: Canton, Tolshan, Shanghal, Barrage on the River Tigris has been Hankow, Bangkok & San Francisco, Londen Bankers: Lloyds Bank, Ltd

Foreign Exchange and Banking business of every discription than

acted.

secured by Messra. Ramsomes and Rapier, of London and Norwich. who recently secured a contract for lock and sluice gates for the Assint Current Accounts opened and Fixed Dan-British Wireless Service.. Deposits received for

que your ·OF} shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various miswa) for hire.

LOOK POONG LAX,

THR

Ohler Moonger. »)"}

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. II. B. Joseph & Co. have AMERICAN EXPRESS COMPANY, received the following Straits Cur-

-

INC.

Head Office:-65, Broadway, New York

Capital Surplus

Reserves

BRANCHES

Anistra Astires Athana Днова Beathe

Br

Berlin Bombay

Bramala

Central Bank of Formosa, Notas

Issued Average amount Y.45,000,000

Branches and Agencies. Japan-Kobo, Osaka, Tokyo, Yako hama, Eselung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Taito, Takao, Tamani, Toen, Karenko. Kagi, Heito, Giran. China:-Amoy, Canton, Foochow, Han- Catre

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Blugapore, Batavia, Semarang, Soerabaya, Dairen. On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% pa. on dally balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1%).

Hong Kong Branch

GUDOR Glasgow

-0.8.$6,000,000.00

J.,

Hamburg HATIO Heidelberg fateriakan Jersalem London

Liverpool Lucerbe

Calotla

Cannes

Colombic Cop Deblio Faaborgh

Marseiller

Florence

Moula Carls Manila

Ganes

Munich

Mookwox

rency quotations (Buyers) from Singapore for Raw Rubber:"

Spot 214 Up 4 April-June 241⁄2 Up July-Sept. 25 % Up %

Market:-Firm Sellers

2,087,112,69 1,995,628,81 · }ved.

Milan Nios

Naples

Pirtie

Pripin

Palome

Rotardar

BOL

いよ

Sagapore

Termins

Venies Takakama Zurich

and

AMERICAN STOCK MARKET

NEW YORK STOCK EXCHANGE

Finance Cautious Optimism The S. E. Levy And Co. And

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-days |

Banks,

H.K. Bank $1620 b. H.K. Bank (London) £187%

Chartered Bank £16 n.

Mercantile Bank, A. & B. £82 D. Mercantile Bank C. $18. Bank of East Asia $90 h. Am: O. Finance Corp. Sh. $20 n.

General Note

TRADE IMPROVEMENT.

A.O.F.C. Quotations

The following quotations from New York have been received by Messrs. 8. E. Levy and the American Oriental

Last

10:10 close 4.94

Business prospects for 1935 areFinance Corporation. on the whole considered bright in the United States and optimism, N.Y./London tinged with caution, le the attitude NY Cotton-Mar 12.71 generally noticeable on the stock July

12,84 M. Silver Mar. 55,80 market,

regarding

May

55.80n

Speculation resident Roosevelt's Message to NY Silk May Congress is the dominating factor. [NY Rubber Mar 13.41

Meanwhile, the increase in the July

18.91 volume of trading recently noted 18 C. Wheat May.. 381

July reflected in the rise in Government o. Corn May... 88% bonds.

W. Wheat May 82% AR STOCKS:-

92%

11.00

NEW ADVERTISEMENTS

CONSIGNEES' NOTICE.

THE BEN LINE STEAMERS,

BASS LIMITED.

From LEITH, MIDDLESBRO' ANTWERP, LONDON AND STRAITS.

12.69 12.08 4.034.92% The Steamship;

BENDORAN"

12.81. 12.70 Consignces of Cargo are hereby 54.90b 55.05 informed that all Goods are being 55.50 landed at their risk into the hazardous 141b and/or extra hazardous Godowns of The Hong Kong and Kowloon Whart & Godown Co., Ltd, whence and/or from the wharves delivery, may“ ba jobtained.

No claims will be admitted after the Goods have left the Godowns, and fall Goods, remaining undelivered after

China 0. Fin. Ord., Sh. $1.80 n.. SE. Levy And Company's Report Amer Smelting 38% 25% feet to rent.

China O. Fin., Fref Sh. $44 n.

Insurances.

Canton, Ins. $275 n." Union Ins $505 b., $515 a. China Underwritera $1% n. China Fire Ins. #520 n. H.K. Fire Ins. "$240 n. International Assce. Sh. $6 n. Shipping.

Douglases, 340 n. H.K. Steamboats, $71⁄4 n. Indo-Chinas (Prof.), $50 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) 346/3 m. Union Waterboats, $18% n

Mining,

Antamoks 79 cts. b. 77/78

日期:

Balatoes $37 n.

Baguio Gold 40 cts."n.

Benguet Consolidated $14 n. Benguet Exploration 21 cts, 17. Benguet Goldfield, 20 cts. n. Big Wedge, 10 eta. n. Gold Creek 90 cts, b Gold Rivers $21 n Ipo Mining $1.n. Itogand 40 ats

Salacota, 10 cts. n. Kailan 19/**

Langkats (Single) Sh. $15 n

S'hai Exploration Sh. 35

"

In their market report, Messrs. Auburn

26

14234

13.53 13.50 13.94 18.99

984

92

88

83

38%

3824

2014

2014

9%

30%

97% 732 844 345

94% 949

34 30

284

20%

20%

43%

43%

3824

38%

London Prices

All claims against the steamer.must be presented to the Undersigned on or before the 25th January, 1935, pr they will not be recognized.

To comply with the General Banded Warehouse Regulations consigneól must have a Revenue Officer in attend- ance when damaged dutiable gooda ara examined.

All broken chafed, and damaged Goods are to be left in the Godowns, where they will be examined on the 10th January, 1935, at 10 am, by Messra, Goddard and Douglas.

S. E. Levy and Company, corres-Con Gas NY... 201 pondenta for Messrs. White. Weld Du Pont .... 97

Elec Band & Sh. 74% and Company, New York state:

Gen. Motors ....34% "Stocks: The increase in the Int Tel & Tel volume of trading noted yesterday Loew's Inc,.... 34% is still evident with a consequent Mont, Ward 30% strength in the market. President Nat Distillers 28% NY Central..... 20% Roosevelt's message to Congress Standard Oil NJ 434 to-day is eagerly anticipated, though US Steel the leanings of Congress towards inflation were still more apparent at the opening yesterday." In the meanwhile, metal, inventory and indon were received in our

The following quotations from Lon dustrial favourites are still likely to night between 5.30 p.m. and 10.30 p.m.

office last! attract major trading interests. SILVER: ets, Business done:-1,070,000 shares,

Silver: Spot 24% (last close), 245 "Bonds: U. S. Government bonds (last recd.), unchanged. were mixed, while the general mar-recd.), mchanged.

Forward 24% last close), 24% (Inst ket was better.

Silver Report: India bought. Speen "Graina: Country offerings were latora bought and sold. Market steady, very small.

Mill interest is im(last recd.), 8d. up' (change),

Gold: 140/10% (last close) 141/64 proving on needs for feeding pur poses due to the, cold weather.close), 4.92% (last recd.), 1% down There was heavy accumulation on (change). setbacks. Wheat: Total sales-- London/Parts Selling Rate: 74.53 near Sheungshui Railway Station

S'hal Losna, Sh86 n. Raubs $10.70 n. Venz; Goldfield $5 ..

Docks, etc. H.K. Wharves $1114 b., $11234

..

H.K. Docks, $12% n. Providenta (old) $1.40 m. Providente (new), 50 ct. n. Hongkens, Sh, $309 m. * New Engineerings, Sh. $5 0. S'hat Docks She$120 n.

# Cotton Mills. Ewol Cottons Bh: $9/u. S'hai Cotton (old) $74 n. S'hal Cottons (new) $44% n. Zoông Sings, Sh. $9.40 n. Wing On Textiles, Sh. $55 . Bad Lands, Hotels: etc.

H.K. and S. Hotels $5.30 n. H.K. Lands $56 n-

**

London/N.Y, Selling Rate: 4.94 (last

(change).

11,217,000 bushels, Corn: Total at close), 74.15 (last recd.), 38 downl sales:-8,017,000 bushels.

Liverpool Cotton-May 6.88 (last "Cotton: While small Government close), 6.87 (last recd.), .01 down selling is still checking advances, (change). the increasing needs of American close), 6/1% (last red.), down Liverpool Wheat May: 5/1 (last

staple Industries are promising bet-(chunge).

ter prices. Insufficient moisture, London Rubber-April-June (buyers) after last year's drought, is begin-6-9/16 (last close), 6% (last recd.). ning to cause apprehension..

(Continued on Page 10)

SHANGHAI STOCK MARKET

Chinese Government Bonds Improve

A.O.F.C. COMMENT

1/16 up (change).?

London Rubber-April-June (sellers) 6% (last close), 6% (last reod.), up (change).

London Rubber at noon (buyers) 64 (last recd.)

London's Forecast

A forecast from London on the pro bable trend of the New York market states:-

Not much is expected to be donelip Wall Street, apart from a few brib spots in Industrials, pending the open- ing of Congress and President Roose velt's speech.

Wheat is expected to be featureless with interest very much reduced. Some Shanghai, December 29. There was little interest display-grain exchanges. However, fundamens quarters fear further regulations of ed in the Shanghai Stock Market tals of the market are sound enough. on Tuesday owing to the fact that

Rubber should be a shade better H.K. Lands 4% Debentures 100% December Settlement:"Accounts;

b.

Shanghai Lands Sh. $24 n. Metropolitan Landa Sh. $12.20 ReserHumphreys $9 m

LONDON COUNTY COUNCIL TO SAVE $68,000

special

London, To-day-At a meeting which lasted only seven minutes, The London County Council yesterday agreed to the

issue of £10,000,000 of stock at 2% per cent. to replace the £10,- 000,000 of 8% per cent. stock, which it is estimated, will save the Council £68,000 a year during the next 35 years-British Wire

Branches of American Express Com-leas Service. pany in Principal cities of United Btates of America and Canada. *Y. OHNO,"

Manager.

All classes of Commercial Banking Fransactions undertaken.

3. Des Voeux Road, Central,

Personal investment accounts

THE YOKOHAMA SPECIE BANK bandled.

LIMITED.

Established 1880

Japital (fully paid-up) Yen.100,000,000 Reserve Fund aw:40. Yen.124,250,000

Head Office: YOKOHAMA

Branches and „Agencies ats -Alexandria, Batavia

· Berlin "

Bombar

Calcatta

Barton-

Dairen (Bainy)

„Nagasaki--

Nagoya New York Osakiv Faria

Pelping Rangoon Fengtien (Mukden). Elo de Janeiro

San Frandaco

Hamburg

Bankow

Harbin W

Hong Kong

Honolulu

Hainking Karachi

rang

Mentala

THE CHINA & SOUTH SEA BANK ∙AMITED

(Incorporated in China). Head Office.Shanghaf Capital. 27,600,000.00 Reserve Branches

..$1,500,000.00

All Important Gitfes Foreign Exchange and General

da China I AM Banking Business transacted

The Company offers to intending Travellers the use of its Tavolocu Jardinca 20 Cheques and Letters of Credit and. addition, the world-wide services Mite thoroughly equipped Travel De-

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

Manager

BOU, Z. CHANG,

THE WING ON BANK LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Bankin Business of every description transact Current Accounts opened, Special Deposits received at special rates, and Fixed Deposits received for one or shorter period at rates which will be quoted on application.

Safe Deposit Boxes (various)

HOOK CHIN

Markger.

HONG KONG BRANCH 24, Des Voeux: Road, Central. Manager's Office Sp

38585

Foreign Exchange General Office Pudo Cashler's Office

Dept.

THE SHANGHAI COMMER

&SAVINGS BANK LIM

H.K. Realties 86.40 b. Asia Realties "A"; Sh. $100 mi Asia Realtles "B" Sh.320 n. Chinese Estates $88 m. Chins Realties, Sh $124 ¤. China Debentures Sh. $123 n/ Public Utilities

D

were practically arranged.

No Fire Insurance has been effected. Bill of Lading will be countersign- Jed by,

GIBB, LIVINGSTON & CO, LTD.

Agents. Hong Kong, 4th January, 1995.

NEW TERRITORIES AGRICULTURAL SHOW 5th and 6th January, 1935

SHEK WU HUI

to be opened

at 2.30 p.m. SATURDAY,

5th. January

by

The Hon. Dr. R. H. Kotewall. CM.G, LL.D.

N. T. Produce,

Poultry, Fruit, Vegetables,. Novelties and Chinese Theatrical performances

Teas, Luncheons and Refreshments by the Alexandra Cafe at reasonable prices,

// Admission-10 cents.

Is It Insured? ?

Insurance - All Classes

LOWEST RATESSE

American Asiatic Underwriters

Fid. In USA

General Agents *t.

The Band

Shanghal

Asia Life Buliding Tel 30234

Cotton is expected, to be Irregular with the Government as the biggest seller and Bombay, the biggest buyer On the next day debentures con- It is considered probable that the mar ntinued to be on the easy side, lead ket would move upward if it is not

Telephone 6 per cetn. and S. M. C, restrained by Government selling. 15 per cent. 1934, the former chang- ing handa at 99%. On Thursday little attention was given to new business, due to settlement day. The only business of interest re London, to-day. The Dominions, The coal producing districts secur corded on Friday was Shanghai Secretary, Mr. J. H. Thomas, has ing the main benefit are those which Power 5% per cent. Debentures authorised the following state are benefiting least from the Scan- done at 92 and preference shares ment:-As a result of the discus- dinavian trade agreements; namely of the same Company at 185.50. The sions during the past few weeks an South Wales, Nort Wales, Lan Market remained lifeless on the informal understanding has been cashire, Cumberland; and the West. following day; a few lots of de-reached on the subject of exports of coast of Scotland. bentures changed hands at slightly coal from the United Kingdom to Whilst the regulation of cattle esaler rates.

Fluctuating over a wide margin, from the Irish Free State to the is being continued on existing the Irish Free State, and of cattle Imports from the Irish Free State the Chinese Government Bond Market closed for the week, sub-

United Kingdom.

lines, provision is being made for stantially higher, despite the gen-all the Irish Free States coal im Kingdom during 1985 to be, in the It is anticipated that in future cattle admitted into the United eral nervousness and a popular anticipation of lower prices, due to United Kingdom. This will mean 62 2/3 per cent. of the 1988 quanti ports will be purchased in the case of fat cattle at the rate of $11-the alarmingly high native interest

rate.

Jan increase in coal exports from ties, and in the case of other re the United Kingdom of ap-gulated classes of cattle the figure While the mounting interest proximately 1 million tons per is approximating to the average, for should and in fact did send the ployment of about 5,000 miners. Wireless Service.

year, representing in full the em- the years 1930 to 1932 British

financial circles prevented a panic market slumping, the clever mani- pulation of large holders among and succeeded in

inmaintaining prices on a sane level. This was accomplished by their gradua) and well-controlled selling, which was stopped as soon as prices went too low. The short positions taken by sundry operators, instead of pre- cipitating a decline, actually as- sisted in boosting the bonds, as they evidently committed them selves rather heavily and had to Beek-cover, as settlement approach ed. The plight was increased by the variou rumours lying around, and their last-min buying na Itarally brought abo

Anglo-Irish Trade Pact

H.K. Tramways $20/80 58. Peak Trame (old) $12 n. Peak Trama (new), 37 n. Star Ferries $100 n. gr. Yaurati Ferries 322 b. C. Light (old) $10.85 b. C. Light (new) $10.65 b. H.K. Electrica 973 n. Macao Electrics, $25 m, Sandakan Lights $8. n. Telephone (old) 325% b.. $25 - aa. $26.10 a.

Telephone (new) $11.15 b.,

20 BE. China Buser, Sh. $12.40 m. Singapore Tractions 4/6 b. Singapore Pref. 817/9 n.

Industrials

Cald Macg (Ord.), Sh. $20. Malabon Sugars, $8.70 m.

Canton Ices $2.85 n. Cald: Maeg (Prof.) Sh 19% Cements $24 88. H.K. Ropes 4.10 s He Stores, etc. Dairy Farms $24 b. Watsons $5. Lane, Crawfords 33.75. n. Mackintosha, $21 n Sinceres $8 ná Wm. Powells, 70 cts. n. Wing On (E.K.) $105.

Miscellaneous.

H.K., Amusements 81.85 n. Entertainments; >571⁄2 =n; Enterprises 31.85 5 Mac reyhounds,2 $2 D

Constru

65 cta. b.

Panic Prevented

LONDON

G&Bds 92%

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS.

SECURITIES AND COMMODITIES/ BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

ORE COTTON EXCHANGE:

CANADIAN COMMODITY

ANGELINO

GORR

WE

FOLK

SHONG KONG,

80103