1935-01-17 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

&sbarland Capitel 150.000,000

Foust and Fully Paid up 20,000,000

Beverve Funda 2--

Blog

Bürgt marsmenn

£ 4,500,000 $10,000,000

Emarre Liability of Froprietor 10,000,000 READ OFFICE: OKO ONO.

BOARD OF DIREVIORA,

Hon. Mr, 0.0. B. Maskla

Chairman,

Deputy Chala,

W, 2, Kemick, Eng.

8. D. Xaight, Eng.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1863.

HEAD OFFICE: LONDON Paid-up Capital £3,000,000 Reserve Fund

•. . . . . . £8,000,000) Reserve Liability of Pro

priatora

8.000.000

Agencies and Branches:

Raupon

Bales

Semarang

Baramba

Ebungbal

Singapore 811

Boundars Taipog Tienein

H. 11. Huldwell. Kuş,

Hollo

Amritsar Bangk

Jpok

Kar

Mr. W. 1. Heli.

U. Mislim, Esq.

Balavia

Klang

.. Colon, Fmq.

K. B. Morrisau, Yas

Bombar

Kobe

T. En Fee, Esq.

Calcutia

Kunia

Cantee

Lytopi

Dawnpors

Enching

V. K. Graybarn, keq;

Hadr

Odette

13anila

Ralphons Hamburg

New York

· [Shakoa)

Pripiox

(Pahing)

Yokoh.com

Harbig

TALLER

Zaban

flfen Keo).

MUAB (Johor)

MURDEN

AMOT

BANGKOK

BATAVIA

Călai Manager.

BRANCHES j==

LONDON

LYOND

MALAVIA

MANILI

BOMBAY

HALCUTTA

ΟΑΝΤΟΝ

CHEFOO COLOMBO PAIBEN FOOCHOW HIPHONG FLAMAUBO MANKOW KARRIM HOKOKNW

ILOILO

пон

MEGAN

ROBE

KOWLOON

NEW YORK

PEIPING

PENAXO

DANUMIN

BALOON

SAN FRANCISCO

KUALA LUMPUR ·

SHANGHAY

SINGAPORE

LOU BABAYA

RUNGEL PATANI

TIENTEN

TOXYO

TBINOTAU

YOKOHAMA

Durres Astound spused lu Local Outranzy

and Fixed Deporte receded for one your or sherlar periods in Local Company and Eterling on terms which will be quoted in application. Bong Kuze. th April, 1984.

HONG KONG SAVINGS BANK.

Toska

Talegao

Yoruga Behangs and General: Sasking basisom

Curreal Accounts opened and Fund Deportis

THE CHINA MAIL, THURSDAY, JANUARY 17,

Commerce and Finance..

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 Messrs 8. E. Levy and the American Oriental Finance Corporation.

Last

N. Y./Lon-

calved for a year or shoriae period at rales N. Y. Rubber- which will be quoted in application,

A. BREARLEY.

July Maneger.

Hong Kong, 1st. January, 1935.

SAFETY FIRST!

To Bafeguard Your: Valuables and Jewelleries. Deposit them in a Vaul that is really: FIRE-PROOF

is

BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT

close 10.15 11.00

COMMODITY PRICES NEW YORK STOCK

The following quotations have boen 'received by Messrs. S. E. Larr and Co and the A.O.F.C.

LOCAL SHARES.

TU-DAY'S QUOTATIONS,

October (1985).... 12.80 The following is the list of local December share quotations issued to-day: Spot...

Banks.

H.K. Bank $1570 b., $1685 6. and

H.K. Bank (London) £189 n. Chartered Bank $15% n Mercantile Bank, A. & B 32 Mercantile Bank C. 818 m.

Insurances,

MARKET

Unsettling Conditions Likely To Cotinue

GOVERNMENT AND HIGH-GRADE BONDS UNCHANGED

The uncertainty regarding the outcome of the "gold clause" cases is still affecting the market and is, likely to continue for a while.......

In the meantime electricity and steel show a considerable advance for the week over last year's pro- 18.36duction, stocks hardening in conse-

¡quence..

Jan. 16, Jan, 16. Closing Closing

New York Cotton:—

January

12.29

12.94

March

May

July

12.39* 12.43 12.43. 12.47 12.414 12.48

12.27

17

12.90

12.31

12.55

12.60

New York Rubber:- January March May

12.05 13.04.

13.10.13.19

13.21

July

18.40

13.54

September

18.55

13:69

October

13.58

13.77.

don

4.86% 4.87 4.87%

Bank of East Asia $90 n..

Chicago Wheat:-

N. Y. Cotton-

Am: 0. Fliance Corp, Sh.$20 n. Mayın has

95%

96%

Mar. 7.12.89

July 14

12.32 12.86 12.38 32.80

China O. Fin. Ord., Sh. $1,80 n.July

China O. Fin.:Pref Sh #4

September.....

864

884

8434:

8614

Mar......18.10 ..13.40

a 13.2013.20

Chicago Com:~

13.49 18.44"

Canton Ins. $276 n.

May

842

86%

C., Wheat-

Union Ins. $495, 8, 10.

Jaly

79%

8144

May July

0514

96.

China Underwriters $1.20 n.

September

86%

87%

China Fire Tas. $520 ny

C. Corn-

Winnipeg Wheat:

May ...

8474

85%

H.K. Fire Ins. $280 n.

May

W. Wheat-

International Assce. Sh. 16 n.

July

75% 77%

80% .814 8114 81%

May ...

80%

8074

New York Sugar:~~

STOCKS:-

March

Amer Smelt-

lag

85

3014

33

May

Cor Gar

July

N. Y..

20

20%

Du Pont

024

93

20% 94

September

New York Silk:

El Bond &

Share ...

€34

034

6%

March

1.36

General Mo-

tors

May....

1.36

10%..

31

314

July...

1.36%

1.39

034

8

Antomoka $1/97.cts. sa.

Montreal Silver:-

March

31-%

.92

32%

Balatoes 841 m.

54.75'

54.65

Baguio Gold 87 cte. n.

May

55,60

55.05

27.

27

2714

Benguet Consolidated $141⁄4 n.

July

95%

25%%

26

Benguet Exploration 19 cts. n.

September

N. Y. Cen-

iral

18

19%

18%

Standard Off

N. J...

41 86%

1

414

385 37%

bested on the Mezzanine Floor of Oar Now building la Specially Con-Int Tel & by the HONG KONG AND SHANGHA structed to provide all of these Im-

The Business of the above Beth la conduct.

ANKING CORPORATION. Refes may b seinad on application.

FOR THE UNO XONG AND MANOMAI JANKING COMPURATION

V. M. GRAYBURN,

||(la) Manager.

Dong Kong. 20th February, 1964,"

THE BANK OF EAST ASIA,' LTD.

Authorland Capital

$10,000,000.00 Paid-up Capital

.... 5,500,000.IN Reperis and Undivided Frofite .........@ 2,414,900,00

HEAD_OFFICE:—HONG KONG

18. Des Faux Road Cal

BOARD OF DIRECTOR 1—

Ble Shoe-son Chow, Chunki,

Koon Chun, Zaq., P. K. Kesk, Ing., Wove Tea Tong, 24, Chan Ching Shot, Esq, Là. LAN Jap, Esq. Wong Chu Bon, Esq. and Katı Ying

Batavia

Han Tong 19, Baq. Qulat Manager.

2 Tes Fong, Zaqa, Mazagst.

BRANCHES AND ADENCIIDS —

Maalis

Eestla

Maltour

Evanes

Jhanghai

New Fork

Draka

Parts

Baggere Болгону Headw

Paiping

Bangoon

Tastein

Konkona tacion

salgon

San Francleos

Fok Tacom

Calestia Baskon Halphons Hankow Balala

Aghbay Taiboks

Every description of backing and Erchas businew transmeted. Loana graciled on approved securities.

Currak Areouple 'opsved in Loval Ontreno and Fixed Deposita zhosžved for one year or sharlee parlode in Local and Yesign Currencies in forma which will be qunaad-ca"applenilom.

Sale Depali Boxes To Le

KAN TOMO PO,

Call Manager.

Hong Kong, 1st March, 1904.

THE BANK OF TAIWAN, LTD.

Head Office: Talhoku, Farmenn, Incorporated in Japan by Speciál

"Imperial Charter, 1899. --

Central Bank of Formosa, Notes

isaund Average amount.Y.45,000,000

Branches and Agencies.

Jayan:-Kobo, Osaka,“ Tokyo, Yoko-

portant Qualition.

You may

Tel

(Law's Inc obtain a Safe Deposit Montgomery Box in this most up-to-date Vault for

Ward .... your own use at a very moderate Ren-Nat Distil- taL

ICTA 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 Ofco-Hong Kong.

Authorised Capital .... Paid-up Capital

Total Rasaires

U. 9. Steel

I

3939

The following quotations from Lon- don were received last night between 5.80 p.m. and 10,80 p.m.

Silver:-

Spot: 24-9/16, (Last close); 24- 9/16, (Last recd.); unchanged.

Forward:-24-11/16, (Last close); 24-11/16, (Last, reed); unchanged. $11,000,000

Silver report:-Speculators bought 8,655,000 and sold. Bushess small. Market 88,170,492 steady.

Branches: Canton, Tolahan, Shanghal, Gold: 142/4, (Last close); 141/6, Hankow, Bangkek & San Francisco.

(List roed.); 104. (Change); down..

London Bankers: Lloyds Bank Ltd., London/N. Y. Selling Rate: 4,81,|| Foreign Exchange and Banking (Last close); 48793, (Last recd.): business of every discription trans-0393, (Unchange); up. acted.

London/Parts Selling Rate:---74.90. Current Accounts opened and Fired (Lait close); 74.28, (Last Tecd.): 82, Beposits received for one year or (Change); down. T

horter periods at rates which will be quoted on application:

Safe Deposit Boxes (various sizes) for hire.

LOOK POUND GEIN,

THE

Chief Misager

Liverpool. Cotton-May-6.85, (Last! close); 6.79, (Last'reed.); '06 (Change) down,

May: 0/0-1/4,

Liverpool Wheat (Last close); 4/11-1/4, (Last recd.); id. (Change); down.

London Rubber-Apl./June: (bay- ers) 6-11/16, (Last close); 6-5/8, (Last recd.): 1/16, (Change); down

AMERICAN EXPRESS COMPANY, London Rubber-Apl. June: (sellera)

INC.

Head Office: 45, Broadway, New York

Capital Surplus Reserves

U.S.$6,000,000.00

2,087,112.02, 1,895,828.81

Parma Betim dos BA. Anghe

BRANCHES:

hama. Keelung, Makong

Nanto,

Amelamun tutud?

Canon

Bhoka, Shinchiku, Talchu, Tainan, Taito, Takao, Temsui, Toen, Karenko Kagi, Heito, Girab,

kovas

Milan Nico Napis

Bealse

Berila

China Amoy, Canton, Foschow, Hân-

Drola+

Thonbay BreLis

·Calro Calcula Canoga Cafer the Copenhagen 1+bfin Edinburgh Ploso DanTh

Havazu Hamburg

Heldalberg Interlaken Zaralem London Everposi

Please

Puriz

Petpis;

LAOSTOR

Roup

Lugdua

LATOR.

Mara!!

Strata Carin

Manila

Yunfah

Yuriah

Wostream

kow, Shanghai, Swatow. Other :--Bombay, Hong Kong, London. New York, Singapors, Batavia, Bamarang, Soerabaya, Dairen.

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 rato-14).

:

Y. OHNO,

Manager:

Hong Kong Branch

8. Des Voeux Road, Central.

Tiantslu Terrain Firoza Vanlon Tokobami

Branches of American Express Com-

6-3/4, (Last elene); 6-8/4, (Last read.); unchanged.

London Rubber at noon (buyers). 6-5/8: (last recd.).

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

There are likely to be less disturbed movements on Wall Street and al- though erractic, prices are expected to be a shade higher on the balance.

Rubber will probably be 'shade bef- ter.

Wheat is expected to be erractic. The weather is rainy and snowy with a forecast of colder conditions.

The cotton market is expected to be feverish on the Administration being capable of adopting vastly more infla tionsty, devices, if the Gold Clause is upheld. It is masted that the 12,000,- 000 quota is largish unless it includes the carry-over.

any in Principal cities of United THE CHINA & SOUTH SEA BANE,

States of America and Canada

All classes of Commercial Banking ransactions undertaken;-)

THE YOKOHAMA SPECIE BANK, Personal investment accounta

LIMITED.

Established 1886

Capital (fully paid-up) Yev.100,000,000 Reserve Fund Yep.134,250.000

Batavia

· Head Office:÷-YOKOHAMAW

Branches and Agencies át: Alexandria

Nagajski Nagoya New York

Parin Pelping Sangoon Ferrtien (Mukden) Rio de Janeiro “

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

Hamburg

Bankow

H-bin

Home Tort

*Honolulu

Hsinking

Karachi

Osaka

Ban Francisco

handled.

The Company offers to Intending Travellers the use of itaTravelers Cheques and Letters of Credit and addition, the world-wide services its thoroughly equipped Erarsl: De- partment.

LIMITED

(Incorporated in China). Head Office.Shanghai Capital

Reserve Brinches

..$7,500,000.00. ..11,500,000.00

All Important Cities Foreign Exchange and General

In Chion, Banking Business transacted,

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

E.. W. DUGGANDES ENG

Mgr.

THE WING ON BANK, LTD. HÙNG KONG

·BOT

CHANG

HONG KONG BRANCH: 24, Des Vosuz Road, Central "Manager's Once Tel: 88545- Foreign Exchange Dept. 88568 General Office Cashier's Office

88567

2256)

Seattle

Semarang? Shangha Singspie Boerabaya

Authorised Capital $10,000,000

Foreign Exchange Business of every description,

F&SAVINGS BÁN

Sydney

Current Accounts opene Deppaita received at special Fixed Deposits received for or shorter period at rates be quoted on application Safe Deposit Borná For bire

GOCKCHIN

j

Shipping.

Douglases, $40 n.

H.K. Steamboats, $74. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 a. Shells (Bearer) $59/41⁄2 n. Union Waterbeats 18% n.

Mining...

Benguet Golddeld 10 cts. në

Big Wedge, 10 cts...

Gold Creek 381⁄2 cts. n.

Gold Rivers $23 n.

Ipo Mining $1 n.

Itogans 42 cts, n. Salacots 16 cts, n. Kallan 18/9 n.

Langkats (Single), Sh. $16 m. S'hai Exploration 'Sh. $5 r. S'hai Lonna, Sh. $6 n. Raubs $94-n Venz; Goldfeld $5 . Docks, etc.

H.K. Wharves. $111 b. H.K. Docks $111⁄2 n.. Providents (old) $1.40 ... Providents (new), 50 ats. n. Hongkewe, Sh: $809 m. New Engineerings, Sh. $5%. n. S'hai Docks, Sh. $120 n.

Cotton Mills,

Ewo Cottons Sh. 88.90 n. S'hal Cotton (old) $74 n S'hal Cotions (new) $44% n. Zoong Singe, Sh. $9.40 ̊ n. Wing On Textiles, Sh. $55,n.

Lands, Hotels, etc.

H.K, and S. Hotels 85.b. H.K. Landa $511⁄2 n..

H.K. Land 4% Debentures 100%

b.

LOCAL

NEW ADVERTISEMENTS

MISSING:

S. E. Levy And Company's Report In their market report, Messrs. 3. E. Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York, state: LEUNG SAU JUNG (R)

Age 19 years, Height: 5ft. 11in., "Stocks: The unsettling condi- tions are likely to be prolonged, Weight: 120 pounds, Complexion: though any indications that the Dark's fairly large mole on one Banks or the Treasury are willing cheek and pimples on face. Sum to risk gold purchases would have built. Last seen leaving house at 4 rapid repercussions on the market, Lincoln Road Kowloontong at 4.16 particularly in metal stocks, Busi-P.m. on Tuesday 15th January, wear- ness done:-670,000 shares.

ing blue blazer grey flannel trousers

“Bonds: - U. S. Government black and white striped silk scarf 1.98 1.88 1.86/87 bonds and high grade issues were and brown shoes. Speaks Cantonese 1.95 1:32 1.91/92 unchanged, prices of second and Shanghal dialects and English. Any 1.99 1.97 1.96/98 junior grade issues were better.

information leading to missing per- 2.04 2.01 2.00/00 "Grains: The urgent selling ap-on please inform Liang Sai Wing pears to be over and sentiment is Lincoln Road Kowloon Tong. Tel 1.38% improving. Wheat: Total sales;

56950.

1.3941,278,000 bushels, Corn; Total

55.80 55.75 56.25 56.25

DOLLAR STEADY

Silver Prices Unchanged

The local dollar remains steady, opening on demand this morning at 1/9 F

sales-25,006,000 bushels.

"Cotton-While

reports indi-

cate unusually early crop prepara

tlons and large sales of mules and X

farm implements, the drought con-gone tinues in the South-west. The mar ket appeared to be well liquidated,

even temporarily oversold,

"Rubber:Better sales of ac- tual rubber and heavy consump ing of the trend. tion prospects promlee a harden-

Total sales: 609 lots.

The following telegrams were received by Messrs S. E. Levy and Co. from Reuter-

Favourable factors prior to the

Spot and forward silver prices, were also unchanged, being quoted opening of the N. Y. markets in- at 24 9/16 and 24 11/16, respec- cludes:- tively, v kat

(1) The possibility of an early

technical rally,

The London on New York cross- rate was quoted at £U.S.$4.872, (2) Brokers are not hearish for as compared with US$4.34%;"

The New York on London rate was quoted "at U.S.487% 88 compared with £1.5.$4.867

RAW RUBBER PRICES

the long pull, on the theory that business news is far from discounted and speculative ac- counts are in a healthier con dition as a result of the shake- out...

Unfavourable factors

Latest Quotations From (1) The Gold Clause uncertainty

Singapore

is likely to continue to be a dominant factor in the near future

Messrs. II. B. Joseph & Co, have Wall Street was moderately ac received the following Straits Curtive and steady with fractional rency quotations (Buyers) from gains in prices predominating. Singapore far Raw Rubber:

Spot 21 3/8' Up, 3/8 April-June 28 5/8 Up 3/8 July-Sept: 24 7/8 Up 3/8. Market: Firm.

natt.)

Shanghai Lands Sh. $24 Metropolitan Lands Sh. $1220 m:|-- Humphreys $91⁄2 na pod H.K. Realties $5.30 .: Asia Realties: "A", Sh. $100 D. Aals Realties-"B" 8h.$20 1, Chinese Estates 888 n. China Realties, 8h. $12. China Debentures Sh.$128 r.

Public Utilities

H.K. Tramways $20.46 sa. Peak Trama (old) $10. s. Peak Trams (new);:17; n. Star Ferries $100 m Yaumati Ferries $22 n.

C. Light $10.80 sa.go H.K. Electrics $71 b., $71% B. Macao Electrics, $25 1. Sandakan Lights $8 n. Telephone (old) $25.85 8., $25 Telephone (new) $111⁄2 n. China Buses Sh: $12.40 n. Singapore Tractions 6/- n. Singapore Pref£$17/9 n.

Industrinis

C.P.R. ENTERPRISE

Chinese New Year Excursion Rates

ROUND-TRIP TO MANILA

Case Threshing advanced one point while Columbia Carbon de clined one point. A rally ofat- least technical proportions would not be surprising, following the recent heavy Gold Clause selling.

Steel operations at Chicago 57 per cent, of capacity,ĉar in crease of 7 points, from last week

The following telegrams were received by Messrs S. E. Levy and Co. from Reuter:

The Tribune" states; on good anthority, that there are "Indica- tions that there will be no return

LONDON SILVER"

Local residents will no doubt bel Interested to hear that the Cana-to the old, dollar in any even dian Pacific are advertising a

Average daily petroleum pro Special Execursion to Manila over!"

duction was 2,538,000 harrels. the Chinese New Year Holidays by|

(Continued on Page 10). the R.M.S. Empress of Canada which will leave Hong Kong in the late afternoon of Friday, Febru bary 1, arriving at Manila in the early morning of Sunday, February 4, and arriving back in Hong Kong on Wednesday morning, February 6 in time for the office that day, so that actually half a day, Le Sator day morning only need be spent away from the office as Monday and Tuesday are the Chinese New Year Holidays.

Malabon Sugars, 18.70 nast Cald: Macg. (Ord.), Sh. 120 n. Cald: Macg. (Pref.) Shs194 Canton Icea $2.86 1.2 Cements $2 b., $2.05 H.K. Ropes $5.80 -

Stores, etc. Dairy Farms $241⁄4 n. Watsons $5

Lane, Crawfords $8.76 n. Mackintoshs, $21 n. te Sinceres 88

Wm. Powells, 20 eta na Wing On (H.K.) 8105 2. ~ -

Miscellaneous,

H.K. Amusements $1.85′′n. Entertainments; $1174-1 SC Enterprises $1.3

ala) 81.85

The fare for first class passen- gers for the round trip is £12:0.0. and tourist class passengers £8.0.0. These rates include meals and lodging on board the steamer while

Manila

It is expected that many, local residents will avail themselves of the opportunity spending

pleasant holiday away from the Jusual noise which welcomes in the Chinese New Ye

NOT ENOUGH SCHOOLS FOR

London, To-day. Spot 24-9/16 Unchanged Forward 24-11/16 Unchanged Silver Comment:- Business small, Market Steady.

Speculator Bought, and sold,

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING.

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

Houg

Tel "$025

It Insured? ?

InsuranceATI" ÇİLEN LOWEST RATES American Asiatic Underwriters Fed, Inc., U.S.A" General Agents

«V«HK, Office

Asia Life

Head Office

17, The Bund

Shaighal

S. E Levy & Co.

UNDERWATERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION--

DALLY NEW YORK STOUP

COMMODITY SERVICE

Membara!

NEW YO

COTTON EXCHANGE-

NOE ING

TRADE

LANGE, INC.

NANKING GIRLS

completed in the ucation

CANADIAN:COM

omen

WHITE

OR HOT

HON

KONG