1935-01-22 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

¿phorised_Capil&l_sue $60,000,000 Lowed and Fully Fildup ammo 10,000,000 Evierra Fundas --

Baling muraamusi £6,500,000 Em a $10,000,000

5

Master Liability of Proprietors 30,000,000 HEAD OFFICE, HONGKONG.

BOARD OF DIRECTORS.. Hon. Mr. C. 0), B. Mackie

Chairman,

N. H. Dadwell. Reg. Deputy ChairEES.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Pald-up Capital

:

£8,000,000 .................£3,000,000 Reserve Liability of Prot

THE CHINA MAIL, TUESDAY, JANUARY 22, 1935

Commerce and

LOCAL DOLLAR STEADY

Silver Prices Advance

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

Reserve Fund

prietors

...£8,000,000

Agencies and Branches:

Aloe Blae.

Ipila

Rangoon

Arvillase

Ipok

..Balgen

Bangkok

Remarang

Hea Mr. W. U. Beil

G. Miskin, L64.

Flatavia

Blog

Zaremben

H. H. Morrison, Keg.

Bosabay

Shanghai

W. 2. Kaewick, Esq.

T. E. Fontos, Pag.

Caletta

Munia

Kagisor

Calen

tempur

w

Kuching

Euribaya

Caba

Madras

Talping

Colombe

Manila

Tourish

Halphong

Now York

Hacıbary

Telping

Tdorleo

Haskow

(Paklar)

Thodates

Zamboa

`8. G. Kalgki, Eng."

BANGKUK

VALOUTT

V. M. Greyburn, kaq.

Chlef Manager.

BRANOURS :-

- LONDON

LYONG

MALACOA

MANILA

UA (Johore}

MURDEN

BATAVIA

SONDAY

DANTON QUEFOO COLOMBO

NEW YORK

DUBEN

JOODROW

AIPHONG

BAMBURG

MINKOW

HONOKEW

ILUIZA

JUBUB

Towe

KOWLOON

PRIPINO PENAKO

BANDOON

BAIQUN

BAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPUBE

FOUBABAYA

BUNGI PATANI

TIENTHIN.

TOKYO

THINGTAO YOKOHANA

Varennt Acmasais opened in 1oo Quersany a Fixed Dupoate recaled for the your o shorter perioda in Leon Company and Sterilng

terms which will be quosed in appilostics. Ston Loug. 1ik April, 1984.

HONG KONG SAVINGS BANK,

The Business of the above Bank le acndust

Üveg Kang

(Blue)

Förslan "Bushonga xað General Banking basizade trazaneked.

Cormal Assounts opened azil Flaad Dapodi məsirət her one paar 'or shorlar periodo ad esim which will be quoted as applieslson,

A. BREARLEY.

Manager. Hong Kong, 1st, January, 1986.

SAFETY FIRST I

To Safeguard Your Valuables® and Jewelleries

Deposit them in a Vrule

that is really: FIRE-PROOF

BURGLAR-PROOF

DAMP-PROOF |

OUR SAFE DEPOSIT VAULT

jocated

Spot and forward silver prices, advanced 1/16, being quoted at 24% and 24%, respectively..

The London on New York cross- [rate was quoted at £-U.S.$4.871⁄2. as compared with US$4.88%.

The New York

was quoted at compared with

on London rate US$4.88%, 13:34.88.

LONDON SILVER

London, to-day. London 'Silver-Spot-24% up 1/16; Forward-244 up 1/16. -

London Silver Comment:Specu- Ilators bought. India sold, iness small,

Bust-

COMMODITY PRICES

The following quotations have

on the Messanine Floor of been received by Messrs. S. E. Levy Our New building is Specially Con- and Co., and the A.O.F.C. structed to provide all of these Im Bula may bw

portant Qualitler,

by the HONG KONG AND SHANGHAI BINLING CORPORATION,

seled an application.

FOR THE BUND KONG AND CANOHAI JANKING CORPORATION

Y. M. GRAYBURN.

Ohlst Manager.

Hong Kong, 20th February, 1934,

THE BANK OF EAST ASIA, LTD.

katherland Capital

...$10,000,000.00

Pullup Expital

| 15,850), (ON) ANA

hverra and Undivided Proble$2,494,200.00

HEAD OFFICE)-1HONG KONG

13, Da Yo Flood Contest.

BOARD UP

Bir Bhouso

DISKOTGES:

Toon Chus, eg, P.,

wak, Is.,, Woug

Chairman

Iss Tong: Eng., Chas Ching Shok, Yag., Là Lan

Jan Zag Wong Chu Bou, Eng, and Kan Ting

Han Tong Po, Eng.. Chist Manager,

Li Tu Yong, Esq.. Kazayo.

BRANQUES AND AGENCIES-

You may obtain a Safe Deposit

Box in this most up-to-date Vault for New York Cotton your own nee at a very moderate Ran-January

Inspection Cordially invited.

March May

THE NATIONAL COMMERCIAL July

& SAVINGS BANK, LTD. ·

Corner of Tee House Street and Des Voeux Road, Central

THE BANK OF CANTON, LTD. January

March

Established 1912

May

Boad Office:-Hong Kong,

July

Authorised Capital

Paid-up Capital

Total Resources

82,170,498

8,855,000 October.

$11,000,000 September

Beastle

Bemarang

Bimby

Kugak!

Baarhal

New York

Онко

Phot

Paris

Hugspore Jurabaya Bwatom

Henlow

Telpise

Banolulu Labe

truasj

hydury Tabor

¡acted.

Tissidia

Current Accounts opened and Fixed

Zobra

Tokihame

المجمع

Smaila #lbourne

Esigo

RUMOURS OF NEW IMPROVEMENT ON PING HAN RAILWAY

CHINESE LOANS WALL STREET

Finance.. Big Sums Required For Business Waiting Gold

LOCAL SHARES.

TO-DAY'S QUITATIONS..

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

Banks.

ILK. Bank $1545 b. H.K. Bank (London). £140.n Chartered Bank 16 n. Mercantile Bank, A. & B. 482 a. Mercantile Bank 0, $131⁄2 n. Bank of East Asia $90, m. Am: 0. Finance Corp., Sh.$20 China 0. Fin. Ord, Sh. $1.80 n. China 0. Fin, Pref Sh. $43⁄41⁄2 ni

Insurances.

Canton Ins. $275-n. Unión Ins, $490 b. and sa, Chins Underwriters $1.20 b. China Fire Ins. 8490. H.K. Fire Ins. 8228 n. International Assce. Sh. $5 m. Shipping.

Douglases, $40 n. H.K. Steamboats, 37% n. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def), #35 n. Shells (Bearer) 51/8 n.. - Union Waterboats 18% n.

Mining.

Antomoka 93 cts. b. Balatoca $41 D.

Military Purposes.

T. V. SOONG'S AMERICAN TRIP CANCELLED

Clause Finding

RUBBER RISE EXPECTED

New York To-day.

Prices on Wall Street show a

[From Our Own Correspondent), tendency towards general improve

REPORT

Profit Of $8,308,000

For 1934

FIRST SURPLUS DECLARED FOR MANY YEARS

Hankow, January 14,

To payments under Government orders $1,229,910.

To National Wu-Han University $88,000.

To Lung Hni Extension, Canton- Hankow and other Unes $520,000. To-Accounts payable left over Administration

by previous $1,104,450,--

Canton, To-day.ment but business will probably be For the first time since many Well-informed reports received email owing to the possibility of years, the Pelping-Hankow Railway here from Shanghat state that Gen the Gold Clause decision being Administration has reported a net eral Chiang Kai-shek, Chairman of given to-day, the Military Affairs Commission,

surplus from operations during Rubber fa anticipated to.

be 1934.

According to returns, made has approached leaders of the slightly better.p

public by the Administration the Anfu political clique to secure a Wheat should be influenced by the total cach revenue of the railway in big foreign loan for military pur-variable weather which is very 1984 amounted to $25,186,000 and poses:

serious after the widespread falling operating expenses totalled $16,878,- Members of this clique, which of know.

000, resulting in a net surplus of was responsible for many large Cotton is expected to be strong $8,308,006; n. loans from Japan in the past, are due to better cables from Bombay. Out of this surplus the Railway concentrated in Shanghal Their Weather in the North West Cotton Administration paid out the follow leader is General Tuan Chi-jul, Belt'ia rainy with a forecast of snowling amounts: and others are Messrs. Wang and very cold conditions. Mills at Keh-ming, and Wang Chi-tang. present are underbought pending These politicians, according to the the result of the Gold Clause Con- reports, are now approaching the ference. At the end. of the month quarters most likely to make the a stimulated export business is ex- loan.

pected through trade agreements. Reports from the same quarter S. E. Levy And Company's Report have it that Mr. T. V. Soong, who In their market report, Mesara. was to have sailed for the United S. B. Levy and Company, corres- States to seek another big Ameri-pondents for Messrs. White. Weld can loan, has cancelled his trip. and Company, New York, state: Shanghai bankers, who favour. the "Stocks: Continued favourable pro-Euro-American political bloc, news in steel, motor and allied in- have declined to lend further loans dustries is likely to sustain the mar- to the Nanking Government, it is ket, though restricted activity is said.

probable until the Gold Clause Financia! circles here under-decision is reached. Business done: atood that Mr. Soong had agreed 600,000 shares. to proceed to the United States for "Bonda: U.S. Government bonds Through the present management financial assistance, on the condi- were mixed, but high grade issues the high interest charges have all tion that he again became Minie- ruled stronger. Juniors and second been reduced with the consent of the ter of Finance. This arrangement grade issues were also better. is unlikely, it is learned, because

creditors to 6 per cent. This fact, "Grains: Trading was mostly together with the Mr. Seong canhot, subscribe to the professional. Domestic statistics effected as the result of the intro- great savings. present foreign policy of the Na-were bullish. Wheat: Total sales: duction of more scientific manage- tional Government

12,208,000 bushels, Com: Total ment, gives the present Administra General Chiang Kai-shek la now sales:-6,126,000 bushels.. back in Nanking, drawing up plans

tion reason to hope for an early "Cotton: There was considerable liquidation of all outstanding in-.. to send troops to Kwelchow, and edge covering against foreign debtedness-Chekiai Agency, Szechuen for the suppression of growths. the Communists.

Baguio Gold 37 ets. b and sa. Benguet Consolidated $141⁄4 n. Benguet Exploration 18 cta. b. Benguet Goldfield 10 cta. n. Big Wedge, 10 cta. n. Gold Greek 884 cts. n.

Gold Rivers $293% aa.

Salacots 18 ets. n.

Kailan 19/8 n.

Langkata (Single) Sh.. $15 »..

S'hal Exploration Sh. $5 n. S'haf Loans, Sh. 16 n. Raubs $9.10 m. Venz; Goldfield. $5 n. Docks, etc. H.K. Wharves $118% b. H.K. Dicks $11% n.. Providents (old) 81.40 n. Providents (new) 30 cts. s." Hongkews, Sh. $309.

New Engineering); Sh: $51⁄4% nế S'hal Docks, Sh. $120 n.

Cotton Mills.

Jan. 20. Jan. 21.

Closing, Closing

12.86 12.51 12,45 12.54

12.52

12.57

12.54

12.60

October (1935)..

12,44

12.50

December

12,51

12.50

Spot

12.65

12.70

Ipo Mining 81 n.

Itogans 42 cts. n.

New York Rubber:-

18.05

12.96

13.17b 13.11

13.44 13.24

13.53 13.42

13.72 13.59b 13.81 13.69

981⁄44* 97%

89% 8.84

87%

87

871

86%

July

88%

82

September

79%

78

Chit Manager.

Winnipeg Wheat;-

May July

83%

82%

83%

82

INC.

March

1.80

1.85/87

Head Office: 65, Broadway, New York

May

1:90

1.90/91

July

1.09

1.94/95

Head Office: Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1839."

September

b.

1.09

1.99/99

Capital

U.S.$6,000,000.00

Surplus Reserves

2,087,112.69 1,095,528.31

New York Silk:--

March

1.40

1.42

May

1.40

1.43:

BRANCHTS:

July

1.40% 1.43

Amat Antworp Albana

Beaine

Min

langon

Herson Hamburg

Naplo

Montreal Silver:-

Tiru

Paris.

March

54.80

54.80

Berlin

Bombay

Bukuro

-Brinsala

Havre Heidelberg Interlaken Jaussiem

Palpin

Televa

65.25

65:30

July

55.76

55,95

Chiro..

Loadou

Shangh

Calcults

Liverpool

Houl bampton

Lore

Bumper

September b-bid

56.80

56.55

H.K., Tramways $20.20 b.

Peak Trams (old) $9.

Colombe Copenhagen Cablin Pinburgh Florance G+MYE

Legane

Thastain

Luize

Moula Curie

Termine

Vishne

New York Metals:--

Manto Honda

Vanics Yokohama Zurlob

Jan. 17. Jan. 21, Copper March .. 6.16 6.30 Tin March... 50.15 50.45

C. Light 310.30 n.

Ban Franction

Etary description of Banking and Erokang bus died. Loans granted sa spproved

Oprada Accounts opred, in Local Durba

and Fized Deposits recaised for vo

ihrer periods in Local and Yorsign CurrenĢĒKS

terms which will be quoted an application.

Bale Deposit Dezee To Let

HAN TONG PO,

THE BANK OF TAIWAN, LTD.[

Branches: Canton, Toishan, Shanghai,

Hankow, Bangkok & San Francisco, Chicago Wheat:

London Bankers: Lloyds Bank, Ltd. May

Foreign Exchange and Banking July

business of every" discription, trans- September

Deposits recared for one year or Chicago Corn:

burter periods at rates which will be May - quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOT POONG KHAN,

AMERICAN EXPRESS COMPANY, New York Sugar:-

Chial Manager,

Bong Kong, så March, 1984,

Central Bank of Formosa, Notes

issued Average amount Y.45,000,000)

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong Nanto, Shoka, Shinchiku, Taichu, Tainan, Tallo, Takao, Tamsui, Toen, Karenko Kagi, Heito, Giran.

China-Amoy, Canton, Foochow, Han-

kow, Shanghal, Swatow.

Others:-Bombay, Hong Kong, London.

New York, Singapore, Batuvin, Cannes Samarang, Soerabaya, Dziren.

On and after April 20th, 1934, the rate of Interest on Special Currant Deposit will be at 1%% p., on daily balive and the rate for balance over ,$10,000 will be quoted on application

(Mizimum rate-1%),

Hong Kong Branch

Y. OHNO,

Manager.

3. Des Voeux Road, Central.

THE

Artistdem

Branches of American Exprèss Com- Dany in Principal cities of United States of America and Canada.

4

All classes of Commercial Banking Transactions undertaken.

THE YOKOHAMA. SPECIE BANK Personal investment accounts

LIMITED.

handled.

May.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China). Head Office Shanghal Capital $7,500,000,00 Reserve $1,500,000.00 Branches All Important Cities The Company offers to intending | - Travellers the use of its "Travelers Foreign Exchange and General

In China Capital (fully paid-up) Yen.100,000,000 Cheques" and Letters of Credit and Banking Businena transected.

| addition, the world-wide, services Yen.124,250,000 of its thoroughly equipped Travel D

partment

Established 1880

Haarve Fund

Head Offee-YOKOHAMA"

Branches and Agencies at: -Alexandria

Barlin

Nagasaki

NREOS

New York

Doaka

·Paris'

Tengtien (Muldan) Rio de Janeiro

Batavia

Bombay

Calcutta

Canton v

Dairen (Daley)

Peiping Rangoon

Hamburg

Hankow

San Francisco Beattle Semarang

Singaporn Sourabaya

Sydney

Tientain

Tokyo

Tsingtan

Yingkow

«Hong Kong, Get-Shanghai:

Honolulu

Hsinking

Kärschi

E. W. DUGGAN,

Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange

and Business of every description trans

Current Accounts opened,

Deposite received at special rates, and Fixed Deposits received for one year

or shorter period at rates

be quoted on application.

Bafa" Deposit: Bozau (var

and Fixed Depoalta received for one Current and, Saving Accounts opened

year or shorter periods at rates which will be quoted on application

BOU Z CHANG,

Manager« HONG KONG BRANCH 24, Des Voeux Road, Central St Manager's OfficeTel: 88565 Foreign Exchange Dept. 88566

General OcUK, #BADBT/M

Cashier's Office

THE SHANGHAI:COMMERCIAE | & SAVINGS BANK

Ewo Cottons Sh. $390 n. S'hai Cotton (old) $74 n.. S'hal Cottons (new) $441⁄2 n Zoong Binge, Sh. $9.40 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels. etc.

H.K. and S. Hotels $4.95/5 88, H.K. Lands $50.bi, $50/501⁄2 sa. H.K. Land 4% Debentures 101%

Shanghai Lands Sh. $242 n. Metropolitan Lands. Sh. $12.20 Humphreys $931⁄2 ï.. H.K. Realties 85.10 n. Asia Realtles "A", Sh. $100 r. Asla Realties "B7-8h.820 n. Chinese Estates $88 D. China Realties, Sh. $124 n. China Debentures Sh.$123 a.

Public Utilities

Peak Trams (new), $7 n.

Star Ferries $98

Yaumati Ferries $22 n.

Reports from India of

crop damage was a sustaining fac

tor. Delay in the Gold decision was temporarily greatly hampering

NEW YORK STOCK activities in the actual cotton mar-

EXCHANGE

S. E. Levy And Co. And A.0.F.C. Quotations

The following quotations from New York have been received by Hessra S. E. Levy and the American Oriental Finance Corporation.

N.Y./London

N.Y, Cotton

Mar.

July

N.Y. Rubber

Lait

close. 10.15 11.00 4.88% 4.87% 4.88

12.46 12.53 12.45 12.54 12.61 12.50

ket.

"Rubber: The market was fea- tureless. Total sales:-200 lots."- Reuter.

The folowing telegrams were re- ceived by MegaTS. S. E. Levy & Co. from Router:

ام

Wall Street was firm with gains mostly in minor fractions.

DS. Steel Corpn.'s shares advanced 1 point.

preferred

There were further evidences that the business and industrial improve ment is bolstering sentiment, but no sustained rally is at present antici- pated. The possibility that a deci sion by the Supreme Court on the Gold Clause case will be reached

There, will be no final decision on the Gold Clause case by the United States Supreme Court to-day."

Mar

July

13.176 13.13 18,58

13.47

18.13 19.45

a. Wheat May 98%

9739-

July

C. Corn May

89% 87

804

874

to-day, is expected to restrain activity.

n. W. Wheat May 88%

82%

STOCKS:

Amier Smelting 354

36

Con GAS NY. 197 Du Pont

2014

20%

D5%

'05%

Elec Bond & Sh 6%. General Motors: 32

6%

0%

32. :3174

Int Tel & Tel

9

94 9

Loew's Inc

88 Montgomery W. 273%

334

$3% 27% 27%

Nat Distillers 26%

25% 26%

NAY. Central 19% 19% 19% Standard Oll NJ 41 42 424

Weekly business failures totalled 274 as against 888 for the corres- ponding period last year.

Failures of mills were 49.5,

Dow Jones reports that there have been recent merger, discusalons| between National Steel and Inland

US. Steel 33% 88% 38 Sted. However, no details have The following quotations from Lon-been agreed upon as the matter has don were received last night between not yet progressed beyond the stage [5.80 p.m. and 10.30 p.m. -

Silver Spot 24-9/10 (last close), 265, of conversations.

H.K. Electrics $69% b., $70 a. (last recd), 1/16 up (change). Macao Electrics, $25 n.

8.

Sandakan Lights $8 n. Telephone (old) $25 Telephone (new) $11 s. China Buses Sh. $12.40. n. Singapore Tractions 6/- n. Singapore Pref. $17/9 m.

Industrials

Malabon Sugara: $8.60 5. ~ Cald: Maeg. (Ord.), Sh. $20 n. Cald: Macg. (Pref.) 8h819% n. Canton Ices $2.85 m.

H.K. Ropes $3.80 n. Cements $1.97% b

Stores, etc Dairy Farms $241⁄4 b Watsons $40 Lána, Crawforda 33.75 Mackintoshs, $21 Sinceres 88 n Wm. Perells, Wing On (HK

Misc

H.K Amus Entertainmen S.C. Enterp

Silver. Forward. 24-11/16 (last close?, 24% (last recd), 1/16 up (change).

Silver Report-Speculators bought India sold. Business small-S

Gold 142/- (last close), 142/014 (lant-reed), d up (change).

(Continued on Page 7)

MANILA MINING SHARES

Messrs. Carroll Bros. have re- ceived advice from Manila that

Londen/N.Y. Selling Rate 4.8812 (last close), 4.8787 (last read), .0025 Antemok Goldfields Mining Com down (change), una pany are issuing Rights, One, in

London/Paris Selling Rate 74.15 Ten at 60 centavos.co

(last close), 74.34 (last read), 10 up A dividend will also be paid on (change).

the 31st instant of, they under- Liverpool Cotton May 6.83 (last close); 6.87 (last reed), '04 up (change) stand, 21⁄2 centavos per share,

Liverpool Wheat-May 6/1% (last close), 5/0% (last recd), down (change) ME AND

London: Rubber--Apr-June (buyers) 6% (latt close), 6-9/16 (last reed); (1/16 down (change),

London Rubber Apr-June(sellers), 6-11/18 (last close), 6-11/16 - (last) recd), unchanged (change),

London Rubber at noon (biyers) 16-9/16 (lastreed),

To Refunding overdrafts of previous Administration $1,668, 405.

To Staff back-pay $416,874. To Other overdue debts $2,229,-

818,

To Remittance to Government of surtax collected on Goods $1,520- 052.

EXEXEXEX

gone

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

-UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST, INC.

Asia Life Buildar Hong Loan

Tel. 8023&

S. E. Lewy & Co.

37, ICE HOUSE STREET

INVESTMENT BANKBAR & BROKERA

MENADES:

185

As It Insured? ?

NEW YORK

COMMO

FTON EXCHANGE..

INGU NA

15.

General: Arent" "N

BOARD OF TRADE-

EXCHANGE, INC.

ľ