1935-01-10 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

#thorland Capital

** $80,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Larmed and Fully Paid-up 30,000,000 Incorporated by Royal Charter, 1883.

Morte Funds:

Barilag mo3-09 19:41+02 £6,000,000 Silva mom $10,000,000

Basarea Liability of Tropriators

P

HEAD OFFICE: BONAKONG.

BOARD OF DIRECTORS, Zoo. Mr. O. G. B. Mackin

Chairman,

H. 1. Bulwell. Eg Deputy Chairman.

Uon Mr. W. H, Ball.

f. Conlon, Eng.

J. Kenwick Bag

10. Knight, Zaq.

ANOT

BANGKUK

MAZAVIA MUMBAY CALCUTTA

DANTON CURPOO DOLOMBO DAIDEN FOOCHOW КАТРИОНС

HAMHUKI HANKOW

HARBIN

KONGREW

ILOILO

On

JOBOZE

кон

KOWLOON

BEAD OFFICE: LONDON..

$30,000,000,

Paid-up Capital

..£8,000,000

Reserve Fund

.£8,000,000

Reserve Liability of Pro-

prietors

28,000,000.

Agenties and Branches:

Aloe Bar

Botla

Rangoon

Lungitoar

Ipak

Bangko

Karachi

MOUN

U. Miskin, Esq.

Bataria

Klang

E. H. Merrion, Log.

T. E. Proton, Eaq.

Bombay Caloutia

Kobe

Hyramben Shanghai

Kun'a

Singapore

-Lumpur

HY

Capora

Kuchier

: Cebu

Madr

Taiping

Colombe

Manila

Tientela

Doths

Medio

Toorkab

Infphong

New York

(fhuko7)

Husaberg

Patplug

Tsingiss

|Lankon

(Pari

Ins

V. M. Grayburn, key.

Chial Manager.

BRANCHRA:-

LONDON

LYONS

MALACOA

MANILA

MUAR (Johor)

MUKDEN

NEW YORK

PEIING

PENANG RANGOOR MALDON

SAN FRANCISCO

KUALA LUMPUR

BUANGHAI

SINGAPORE. FOUBABAYA

BUNOEL PATANI

TIENTSIN

TORTO

THINOTAQ ТОКОНАМА

A

Current Accouble opened in Loss! OureanBy cad Fland Deposits received for one your e shorter periods in Loons Company and Sterling on forma which will be quoted on appikilon. Hong Kong, 19th April, 1984,

HONG KONG SAVINGS BANK.

Yokohama Zambong

Foreign Exchange and Gemeral Booking basin transmeted.

Dorrans Recousie opened and Fixed Depoalie roved for one year or shorter periode at rains) which will be quoted on application.

A. BREARLEY

Manager, Hong Kong, lat. January, 1935,

SAFETY FIRST!

To Safeguard Your Valuables

and Jewelleries.

Deposit them in a Vauh that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF I

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building in Specially Con-

THE CHINA MAIL, THURSDAY, JANUARY 10, 1935

LOCAL DOLLAR IMPROVES

Commerce and Finance..

Silver Prices Advance

The local dollar advanced% this morning, opening on demand at 1/84.

Spot and forward silver prices advanced 4, being quoted at] 24 9/16 and 24 11/16, respectively.

The London on New York crona- rate was quoted at £-U.S.$4.921, as compared with £-U.S.$4.91% yesterday,

The New York on London rate was quoted at £-U.S.84.92%, as compared with -U.S.$4.91% 'yes terday..

EXCHANGES.

TO-DAY'S QUOTATIONS.

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

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

Banks.

NEW YORK STOCK MARKET

Still Optimistic For Future Business

GOVERNMENT AND OTHER BONDS STEADY

ANGLO-INDIAN TRADE PACT

Supplementary To The Ottawa Agreement

London, To-day.

A trade agreement; supplement- ary to the Ottawa Agreement, be tween the British Government and

The tendency in the New York the Government of India, was sign- stock market is still towards buoyed at the Board of Trade yesterday ancy and optimierı.

Jafternoon.

Cotton prospects are promising, The signatories were the Rt. Hon. owing to the gradually growing Mr. Walter Runciman, President of trade replenishment demands, while Board of Trade, on behalf of the unsettlement in the oil industry, it British Government, and Sir control legislation. is expected, will be avoided by early Bhupendra Nath Mitra, High Com- missioner for India, on behalf of

H.K. Bank $1620 3. H.K. Bank (London). £189 n. Chartered Bank £15% n. Mercantile Bank, A. & B. 82. Mercantile Bank C. £18.

8. E. Levy And Company's Report the Government of India.-British Bank of East Asia $90 B. Am: 0. Finance Corp., Bb. $20-ig. E. Levy and Company, corres

In their market report, Messrs. Wireless Service. China O. Fin. Ord., 8h. $1.80 n. China O. Fin. Pref Sh. 4 n. Insurances.

Canton Ine. $275 n. Union Ins. $500 b.. China Underwriters $14 b. China Fire Ins. $520 n. H.K. Fire Ins. $240 n. International Assce. Sh. $5 n. Bhipping.

Douglases, $40 n.

On Landon

On TT. and demand

-1/8

4 monhts" sight Credits 4 months' aight

1/84 ..1/9/1⁄2

On Shanghat,

On demand

121

H.K, Steamboats, $74 n. Indo-Chinas (Pret.), 380 n. Indo-Chinas (Def.), 888 n. Shells (Bearer) 49/4 n. Union Waterboats 18 ..

On demand

73%

Mining.

Antamoks 89 cts. b.

...... 148/

{On Singapore-

The Business of the abers Back in conduct

by the HONG KONG AND SHANGUtructed to provide all of these Im On Japan:~

BANKING CORPORATION, Hylon may b

blated na spplication.

FOR THE HONG LONG AND LEANOMAI BANKING CORPORATION.

V. M. GRAYBURN,

Chist Manager.

Rong Kong. Miò Pabruery, '1985,

THE BANK OF EAST ASIA, LTD.

Bashorias Capital

Plá-up Capital

..$30,000,000.00 -$ 4,306,200.00/

·Smarts and Undivided Profta ...........$1,634,100,00

14 Loo

SINAD OFFICE: HONG KONG

Il-Dee Your Bond Centand.

LOARD OF DISECTORS:—

Ble Abou-son Cher, Chairman,

Chuu, Krq., F. X. Kwok, Esq; Wang

Bag, Lag., Wong Chu Bon," Zag, "and"Kan Ying

Ban Too Po, Esq.. Chile! Manager. LT Fong. Esq., Manager.

BRANCHES AND AGENCIES:-

portant Qualities.

On demand

You may obtain a Safe Deposit On India— Box in this most up-to-date Vault for your own use at a very moderate Ran-On tak

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

New York-→ · On T.T. and demand... 114%

THE BANK OF CANTON, LTD. On demand

Established 1912.

On Manila-

On demand

Head Ofes: Hong Kong.

On Bangkok-

Authorised Capital

$11,000,000

On demand

Pald-up Capital

Total Bear¿rcks

82,170,492 Bar Silver per oz.....

JO

Manila

Batte

avia

Melbourne

Bemarang

Mob

Now York

Ceska

Bangha Spor Goursteja Bal

London Baskers: Lloyds Bank, Ltd,

hoday

Honolulu Kaba

Pond

Talbobu

Rangnos

Tiealis

Falgor

Tokro

Bau Francis

VALFONTST

Tokokame

Calouste Blon

Halphons

Has Low

Paria

Pripleg

THE

Capital Surplus Reserves

BRANCHES:-

Japan:-Kobe, Osaka, Tokyo, Yoko-

Amarillo

kow, Shanghai, Swatow,

China-Amoy, Canten, Focchow, Hin-

hama, Keelung, Makong, Nanto, Shoka, Shinchiko, Taichu, Tainan, Albani Taito, Takoo, Temsui, Toen, Karenko,j Kagi, Helto, Giran.

detworp

Диван

Gap Glasgow

of KAVADE

Xian Nic

Naples

Piresua

Betis

Berlis

Rosabe

Breien

Bramsala

Hamburg BATTO Haldelberg Tnterinkan Jerusalem

Parla

Pripin;

Others:-Bombay, Hong Kong, London.)

Calio

London

Calcutie Cannes Colorabe Copenhage

Herpost

Lucerna

Lageno

LUSOF

karol

Edinburgh Mezanca

Monte Carl

Waalka

Попота

Mixolch

Montreux

Kong....

24 9/16

Hom

....nominal 1% prem.

Balatocs $38 n. Baguio Gold 40 ets. n. Benguet Consolidated 8141⁄4 n. Benguet Exploration 20 cts. s. Benguet Goldfield, 20 cts. n. Big Wedge, 10 cts. m.

pondents for Messrs. White. Weld TRADE BAROMETER and Company, New York state:

"Stocks:-Although there may RISES STEADILY

be some intermediate- reaction, we

gone

X

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

still remain optimistic for the British Wholesale Prices SAVINGS

longer trend. Business done

900,000 shares.

"Bonda: U. S. Government bonds were steady, while high

Up 3.2 Per Cent.

London, to-day.

grade issues showed a renewed de- The average of wholesale prices mand and closed at top prices. Se-last year was greater by 3.2 per cond grade issues and juniors cent, than in 1933, the index num- were easier.

bers being 87.2 and 84.5 respective- ly-the 1980 Index equalled 100.

(Continued on Page 11.)

NEW YORK STOCK EXCHANGE

S. E. Levy And Co, And A.O.F.C. Quotationà

The following quotations from New York have been received by Measra,

The rise in 1984 followed declines of 0.7 per cent. In 1988, 2.4 per cent. in 1992 and 12.8 per cent. in 1931.

British Wireless Service. COMMODITY PRICES

The following quotations bava been received by Messrs. S. E. Lavy and Co. and the A.O.F.C.

Jan. B. Jan. 9. Closing Closing

$

On demand

*12%

Credits 60 days' sight

48%

On Batavia

Gold Creek 87 cts, b

On demand

62

Gold Rivers 21 cts. n.

On Paris

Ipe Mining $1 n.

On demand

640

3. E. Levy and the American Oriental New York Cottons:- Finance Corporation.

January

12.59 12.55

Itegans 42 cis. n.

Credits 4 months' eight.. 670 On Saigon

Salaeots 16 cts, n.

· Last· close

March

12.69 12.64

10.10

11.00

May

12.78 12.70

Kailan 19/- .

*

64

Langkata (Single) Sh. $16 n.

N. Y./Lon-

don

4.91% 4,91% 4.92.

July

12.82 12.74

S'hal Exploration Sh. $5 n.

N. Y. Cotton-

October (1935).

85

Mar.

S'hat Loans, Sh. $6 n.

July

12.69 12.70 12.70 .12.82 12.83

December

12.81

Spot

12.90

12.63 12.59 12.67 12.65 12.85

Raubs $10,

M. Silver-

New York Rubbers-

107%

Venz; Goldfield $5 n.

54.80 b 55.20

a

65.60

January

13.70

18.59

a

March

13.91

13.80

May 1.38%

1.68

May

14.18 14.00

N. Y. Rubber-

July

14.32

14.21

Mar

.13.01.

13.78

19.62

July .14.82 14.22

14.20

¡September

14.51.

14.40

G. Wheat

October

14,01

14,50

May

1.01%

1.01% Chicago Wheat:

July

02%

93%. May

101%

101%

C. Corn

May

91%

*90%

July

.93%

W. Wheat-

September

92%

93% 91%

May...... STOCKS

88%

Chicago Corn:-

1

May

91% ·904·

July

86%

.85%

ing......

38%

38

3814

Auburn ....

275

27%

September 284

84%

832

Con Gas

Winnipeg Wheat:-

..N. Y...

194

19

19% May

844-

Du Pont..

96%

93%

97

Elec Bond &

July

842

84 84

Share....

65%

8%

6%

General Mo-

tors

New York Sugar:—

32% 9

32%

32% March

9%

32

9% May

82

July

291⁄4 294

29

September

New York Silk:-

27

27/

274 March

tral .... 20%

20%

May

20%

1.3832 1.88

Standard Oil N. J...

July

1.89

1.38

42% 4214

42

Montreal Silver:-

U.S. Steel.

30%

30

3D

March

54.70

54.90

May

55.15

65:50

London Prices

July

56.00

56.45

September

56.50 56.90

J

Old New New

SAVE SOMETHING

START NOW UNDERWRITERS

SAVINGS BANK FOR THE FAR EAST,

INC.

Asia Life Building Hong Kong

Tel. 80234

LOCAL NEWS BREVITIES

Pleading guilty to a charge of assaulting Ku Kam-tai, a widow, in Kai Yan Road, Kowloon City, Li Fung, a 45-year-old widow was was fined $10 by Mr. E. W. Hamil ton at the Kowloon Magistracy this morning.

Sentence of six months' hard labour was imposed on Wong Yau, In banishee, by Mr. W. Schofield at the Central Magistracy this morn-

ing, for returning to the Colony from banishment. He was expelled from the Colony last year for a period of 10 years. ·

Two months' hard labour was im- posed on Li Ki, an unemployed who was charged with the theft of 80 yards of Indian silk from a shop at No. 46, Queen's Road, Central, when he appeared before Mr..E. I. Wynne-Jones at the Central Magis tracy this morning.

Charged

1.91.1.86 1.83/84 1.941.89 1.87/881 1.97 1.93 1.91/92

with the theft of Wong Chun's 50-cent purse containing 40 2.01 1.97 1.96/96 cents Cheung Hol Ching, an unem

1.37 1.87%

ployed, was sentenced to four months' hard labour, by Mr. E. I. Wynns-Jones at the Central Magis- tracy this morning.

Ledoa

-

8,655,000 Sovereigns bank buying rate 1/9%

Branches: Canton, Tolshan, Shanrhat, Bar Silver in Hong Hankow, Bangkok & San Francisco.

Foreign Exchange and Banking Copper Cash

business of every discription traza Copper Cents

Iacted

Current Accounts opened and Fixed Rate of Native Interest 3% „pa, Deposits received for One year or Chinese Sub Coin ....27% dis ehorter periods at rates which will be Hong Kong Sub Coin quoted on application,

Every Comption of Banking and Exabors Safe Deposit Boxes (various sizes) basis tranced. Luman granted on approved for hire.

ourishes.

Durreal acconate oprend la Loodd Burriss

sas Fizid Deposita received fat one yes of shorter periode is Local and Foreign Currenalar |

em which will be quoted on application. Bale Depceit Jose To Le

KAN TONG PO,

Call Manager.

Hong Kong, Jat War, 1936,

THE BANK OF TAIWAN, LTD.

Head Office: Talhoku, Formses, Incorporated in Japan by Special Imperial Charter, 1899."

Central Bank of Formosa, Notes

Issued Average amount Y45,000,000

Branches and Agencies.

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

On and after April 20th, 1934, the rate of Interest on Special Current

Deposit will be at 1%% p.a, on daily balance and the rate for balance over! $10,000 will be quoted on application (Maximum rate-~14),

Hong Kong Branch

Y, OHNO,

Manager.

3. Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

LOOK POONG SEAN,

Chat Manage

AMERICAN EXPRESS COMPANY,

ING

Head Office: 85, Broadway, New York

.U.8.$6,000,000.00 ............. 2,087,112,69 1,995,528.81

Priemo Rotterdam Bump Bugh *shampion

Bingapor Tiantia Trogdina Vienne

Varies Yahokama Zurich

Branches of American Express Com-

.par.

BRITISH BANKS FLOURISH

Income Tax Reduction Held Responsible For Increased Earnings

London, To-day.

The higher net profits of the "Big Five" prove that British banks, though bat. tling adverse factors, had a successful year.

Improved trade assisted the net earnings, but the reduction of in- come tax was chiefly responsible for the slight increase.

What has been lost:

on the swings of discounts and advances has been gained on the round- abouts of the gilt-edged market, in which the big rise also greatly strengthened the banks' hidden reserves. Reuter."

Any in Principal elties of United THE CHINA & SOUTH SEA BANK, States of America and Canada.

All classes of Commercial Banking ransactions undertaken.

LIMITED

(Incorporated in China)

Personal investment accounts Head Office...Shanghai handled.

The Company offers to intending Travelleri the use of its "Travelers Cheques" and Letters of Credit and, Capital (fully paid-up) Yen.100,000,000 addition, the world-wide services Reserve Fund

Yen,124,250,000 bf Ita thoroughly equipped Travel Do

partment.

Head Office:--YOKOHAMA

Branches-and-Agencies-at:

Alexandria

Batavie

Berlin

Bombay

Dalcutta

Banton

Dairen (Dalny)

Harbin

Hour Eoar

Nagasaki Nagoya New York Osaka Parla

Fengtien (Mukden) Rio de Janeiro Hamburg

San Francisco Hankow

Seattle Semarang Shangbal Bingapore Soerabaya Sydney Tentsin Tokyo

Honolulu

Hainking

Karachi

Kobe

London

Los Angeles

"Manila"

ngtan Ingkow

Interstellewed on Omrit Ao

E. W. DUGGAN,

Manager.

THE WING ON BANK LTD. TONG KONG

Authorised Capital $10,000,000 Foreign Exchange and Banking Business of every description" transact- ted.

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

for

Safe Deposit Boxes (various zison)

hire,

ANG KA PHILIP GOCKCHEN Chief Manager

Deposits received for Axed rerioda astes to be obtained on application. L. GOOKCHIN

CEKISHINAMI

$1934

Assistant Manager.

LI SHU FONG Assistant Manager.

Capital ..$7,800,000.00 Reserve $1,500,000.00 Branches All Important Cities Foreign Exchange

in Chian

and Banking Business transacted.

Current and Saving Accounts opened General

and Fixed Deposits received for one year or shorter periods at rates which will be quoted on application.

80Z GRANG,

Manager. HONG KONG BRANCH:: E4, Des Voeux Road, Central, Manager's Once ....Tel. 83555 Foreign Exchange Dept., 88866 General Office

83567 Cashier's Office

88569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in 'China)`***** Capital paid up-

+65,000,000)

•$7,000,000

Reserves Reserve Savings Dept: $600,000. Capital Harings Dept.: $500,000 Back Head Office-

A Bank haviLE AN inchutzial developme and the fostering cial relations HOR KONT

Docks, etc.

H.K. Wharves $111 n." HK. Docks, $12% n. Providents (old) $1.40 n. Providents (new), 50 cts. n. Hongkews, Sh. $309 n.

New Engineerings, Sh: $5% n. S'hai Docks, Sh. $120 n.

Cotton Mills. Ewo Cottons Sh. $8.85 b. S'hi Cotton (old) $74 n. S'hai Cottons (new) $44 n. Zoong Singa, Sh. $9.40 n.. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H.K. and S. Hotels $54 s. H.K. Lands $59 s., $21⁄2 na, HK. Lands 4% Debentures 100%

b.

Shanghai Lands Sh. $241⁄2 n.. Metropolitan Lands Sh. $12.20 n. Humphreys $9% n.

H.K. Realties. 851⁄2 1. Asia Realties "A", Sh. $100 m.. Asia Realties "B" Sh.$20 D. Chinese Estates $88 n. China Realties, Sk. $121⁄44 në China Debentures Sh.$123 n.

Public Utilities

H.K. Tramways $20% b. Peak Trams (old)' $12 n. Peak Traing (new), $7 D. Star Ferries $100 n. Yaumati Ferries $22 n. C. Light (old) $10.45:a. C. Light (new) H.K. Electrica $724 b. Macao Electrica, $25 in. Sandakan Lights $8-n. Telephone (old) - $26.80 n. Telephone (new) $11% n. China Buses, Sh. $12.40 n, Singapore Tractions §/- b. Singapore Pref. $17/9 n.

*Industriala

Malabon Sugars; $8.70-n. Cald: Macg. (Ord.); Sh. $20

n.

Mar. .84.70 May...55.15

N. Y. BUK-

Amer Smelt-

Int Tel & Tel Loew's Inc Montgomery

Ward Nat Distil

lera

N. Y.. Cen-

The following quotations from Len

don were received in our office lar

night between 5.30 p.m. and 10.30 p.m. RAW RUBBER PRICES

SILVER:

Spot--24-5/18, (Last close); 24-9/16, (Last recd.); 1/4 (Change); 12.

Forward:-24-7/18, (Last close); 24 11/16, (Last recd.); 1/4, (Change); up. Silver Report: America and specu lators bought. Offerings small, Mar- ket steady....

Latest Quotations From

Singapore

Mesars, H. B. Joseph & Co. have

Is It Insured? ?

Insurance All Classes LOWEST RATES

American Asiatic Underwriters

Fed. Ina, USA. General Ageals

Gold: 142/- (Last close); 141/11, received the following Straits Cur Head Office (Last recd.) Id. (Change); down,rency quotations (Buyers) from

London/N, Y. Selling Rate: 4.91-1/8; Singapore for Raw Rubber: (Last close); 4.91-5/16, (Last recd.):

19/14 (Change); up, akng

London/Paris Belling Hate:-742I, (Last close); 74.28, (Last recd.); .01, (Change); up

Liverpool Cotton-May:-0.80, (Last

· Cald: Macg,. (Prof.) Shḍ19 close); Pastreod.);"

Canton Icas $2.85 n.

H.K. Ropes $4 n.

Cements $1.90 b., $1.50 sa.

Stores, etc. Dairy Farms $241⁄4 0. Watains $5.n.* Lane, Crayfords $3.75 Mackintosha, $21-n. Sinceres $8 D.

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

Miscellaneous.

HK. Amusementa $1.88 n. Entertainments, $74 m. 8.C. Enterprises $1.85 n Macao "Greyhounds, 2 n. Constructions (old) 82 B. !: Constructions (new) 65 cta. b. 70

cte. B

Vibro Piling 36.60 n.

(Change);

Liverpool Whest

.09,

May;5/1-7/8:

(Last close); 5/2-1/4, (Last recd); 8/8, (Change); up.

London Rubber--Apl/June: (buyers). (6-7/8, (Last close); 621/8, (Last recċd-)}||

unchanged.

London Robber--Apl/June: (sellors) 16-15/18 (Last close); 7, (Last røed.);

1/16, (Change); up.

London Rubber at noon (buyers) 6-7/8, (Last recd.).

London's Forecast

A forecast from London on the pro bable trend of the New York market, utaten:

Yesterday's downward movement on Wall Street is likely to continue unless stimmiated by fresh Administrative im petuarit

Rubber is expected to open lower. Wheat should be frm on buyinga my Ch. Govt, 5% 1925 G3Bds. 92% milla, rainy weather, and a forecast of

colder conditions

Cotton is anticipated to be higher a

R.K. Govt. 4% Loan, 84% premi the Government selling of eutetanding

HK

prem.

Govt 8% Loan

Wallace Harpers 1144

20 certificates is almost com 1% further salas are depen

ON LEW ferings from grow to the Pool, at present is averaging only 200

Spot 21% down. %,

April-June 24% down July-September 25% down 3. Market:Quiet.

17, The Bund

Shanghai

YAA

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, INC CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INC.

CORRESPONDENTS FOR

H. E. Office

·Asia Life

Buliding

Tel. 30234

WHITE. WELD: CO, NEW YORK

TICE HOUSE STREET HONG KONG

Tel: Address Seco

Tel: 30101 and 80108