1935-01-29 — Page 6

BANKS

HONG KONG AND SHANGHAI *-- BANKING CORPORATION.

authorised Unpito! $50,000,000

kesand and Folly Pad-upkeunečn 30,000,000

Bowers Fue

— Staffing mindertanamam € 6,360,000 -

BLIVE

alder, se 10,000,000

Renaris Liability of Proprietore $10,000,000 BEAB UPPIGHTONGEDNO,

AUD OF

DIRECTORA.

llow. Mr. O, B. Machin

· Chaleinen,

Deputy Chairise)

“Hon ̧Mr. 19/11. Bell.

Kick, 1

Compton, Saqi - Lễ K. Knight, Eaq.

AMOY

MANGKUK BATAVIA BOMBAY CALCUTTA

·CAMIONE CHEFOO COLOMBO DAIREN

STAIPHONG SEAS BUDI

MANKOW HARBIN

HONGKET 11/0010

1P0H

JOHORE

KOWLUON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1852.

-HEAD OFFICE:-LONDON

Pald-up Capital

Reserve Fund

£3,000,000 ..£3,000,000!

Reserve Liability of Pro-

prietors

8,000,000

Agencies and Branches:

Alor Blar

Hallo

... Baukoon

Amar

Ipab

Balon

Bangkok

4. Mi, Erg.

Bahria

R. B. Martin, Kaq

Bonbay

T. E. Fenton, Raz.

Calcutta

Karanki Ki

Kala

Herras

Beramban

Shanghai

64ngapore

Canto

GAVEPORN Doku Molenbe

Medres Ma

Modus

Tongkah

Haiphong Tambur

New York

Potplur

(Pekin)

Topank

Yoholema Zamboangs

V. M. Graptenin, ha

Calaf Maunger.

BRAKUJES

LONDON

LYONS MALACCA

SLANILA

MUAR (Johor)

JCRUEN

NEW YORK

PRIPISU

PENANG

BASGOON

BARKON

HAN FRANCISCO

REALA LUMPUR

MILANOMAL

SINGAPORE

SOURADAYA

HONGEL PATANI

TIENTSIN

TOKYO.

THINGTAO

YOKOHAMA

Curent Account opened in Local Currency. -and. Fixed Depolia esived for one por starter periode or Company and Berling an ṛharma which will be quoted on applesiop Hoog. Koor, 18th April, -4394.

HONG KONG SAVINGS BANK.

Fashow

Flarin

Hoa Honi

traposed.

Fontrabaya Taiping

THE CHINA MAIL TUESDAY, JANUARY 29, 1935,

and

Commerce

Finance.

LOGAL-DOLLAR IMPROVES

Silver Prices Advance

A

The local dollar has gained farther, opening on demand this morning at 1/9.

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

The London on New York cross- at.-U.S.$4.80, rate was quoted

as compared with. £-U.S.$4.86%

Ziesley Exchange and General Banking business The New York' on London rate Curist coals opened, and 'Fized. Deposit was quoted at £U.S.$4.86, às' on caired for Que year or shorter periode as rates the previous day which will be quoted on application.

A. BREARLEY.

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

SAFETY FIRSŤ"I

...

To Safeguard Your Valuables and Jowaliories, Deposit them in a Vault

OUR

that is really:

· · FIRE - PROOF'

BURGLAR - PROOE;" DAMP PROOF!

SAFE DEPOSIT VAULT located on the Mazzanine Floor of

Jus Bualness of the above Bank is condual Our New building is Specially Con-

by: the HONG KONG AND SHANGHAIstructed to provide all of theas Im-)

BANKING CORPORATION. Ruim may

nothimad un application.

br

FOR THEONG KONG AND SHANGHAI

V. M. GRAYBUSIN,

ANKING CORPORATION

Hong Kong, 2018 February, 2005.

Chief Monger.

THE BANK OF EAST ASIA, LTD.

Authorized Capital kommun Paté-up Capital

Boverre mod Undivided Frost

----------#10,000,000.0

$1,484,000.00

HEAD OFFICE-SONG KONG

39, Bai Viber, Road Central.

BOARD OF DIRECTORA :—

Bir Blouson Chow, Chairge.

14 Koon Chau, Esq. 1. K. Kwok, Eng. Wone

Tong. Eng Chan Ching that, Zay. La

Bang Taj Wong Chu Swn," Eaq. ad Kan Ting

Lan Trung Họ Đay, Chung Chao Lal Tan Yung. Ença Managati

*BRANCHES AND AGENCIES-

日本

Ringapor boursays

tourn

battle Seming

Bombay

- Binaghaf

Galeria

NX

Biphook

l'azi

pius

5

iipootul

THARIR

Tokyo

Kowloo Labdux

San Franciou

Pesang

ilaigua

Sigou

Talbokú

Vagsour Jokoham.

portant Qualities.

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. II. B. Joseph & Co. have received the following Straite Cur rency quotationsBuyera) from Singapore for Raw Rubber:

Spot 20 1/2 down 1/4 April-June 22 1/2 down 1/4" July-Sept. 23:9/4 down 1/4 Market:-Uncertain.

LOCAL-SHARES.

TO-DAY'S QUOTATIONS.

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

Banks,

H.K.. Bank $1550" n

H.K. Bank (London) £189 m. Chartered Bank 216 nă Mercantile Bank A. & B. 1. Mercantile Bank C. £18% n Bank of East Anlä #90-n. Am: 0. Finance Corp., Bh:$20 China O. Fin, Ord., Sh. $1.80 n. China O. Fin. Pref, Sh. #41⁄2 ni.

Insurances.

Canton Ins. $275 11. Union Ins. $490 1.” China Underwritets $14 b. China' Fire Ins. $490 ́n. H.K. Fire Ins. $2271⁄2 b International Assce. Sh. $5 n.

Shipping.

n.

Douglases, $40 n. H.K. Steamboats, $7 Indo-Chinas (Pref.), $80 .. Indo-Chinas (Def.), 888 m. Shells (Bearer)' 58/9 n. Union Waterboats 13% n.

Mining.

n.

QUIET PREVAILS ON

WALL STREET

Exchange Movement Uncertainty

RUBBER SLUMP EXPECTED

New York, Yesterday.

Wall Street is expected to, bở

quiết owing to uncertainty over

SUGAR INDUSTRY GENERAL NOTICES.

IN KWANGTUNG

Completion Of Walchow Factory Announced

OPERATIONS STARTED LAST WEEK

Canton, To-day.

NOTICE:

HONG KONG AUTOMOBILE "ASSOCIATION

NTOTICE IS HEREBY GIVEN

the ANNUAL GENERAL

MEETING of the members of this Association will be held in the

The completion of the sugar Board Room of Messrs. Jardine exchange movements and the eco-factory of the Walchow Cultivation Matheson & Co., Ltd., on WEDNES nomic outlook.

Area by soldiers of the First Group DAY, 6th. February, 1935, at 5.30 Prices for rubber will probably Army is announced. Operations Pm, to pass and adopt the Ac- go down.

were started on Friday last.... counts for the year ending 81st Wheat should be easy on weather

According to the director of the December, 1934, and to elect conditions in the United States be- factory, the daily output of sugar Officers, etc. coming much milder. Winnipeg is is at present 100 tons. He is sure

By Order, apprehensive over prospects. that it will be increased to 150 Threshing estimates for Buenos when the railway connecting the Aires are below expectations.

factory, and the sugar-cane Colton will probably be inactive planting area is completed, when pending the Gold Clause decision, the transportation of the cane will S E. Levy And Company's Report be much easier.-Central Press.

In their market report, Messrs.

S. E. Levy and Company, corres- pondents for Messrs. White Weld

and Company New York state-KWANGTUNG GOODS;

"Stocks; Little change in regard

to the market is in prospect for the week and, the view continues for a policy, of purchase of reactions, bo lieving that trade news will have greater influence when the gold clauke question is settled. Business ilone:-690,000 shares,

"Graina: Cash markets were lees strong, while outside interests con- Antamoka 86 cts. n. cum, rts; tinued to liquidate. News of crop

ex. div." Balatoce $41 n.

Baguio Gold 37 cts. n.

You may obtain Safe Deposit COMMODITY PRICES Benguet Consolidated $143⁄41⁄2 n.

Box in this most up-to-date Vault for your own une at a very moderate Ren-|· Ital.

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

& SAVINGS-BANK,-LTD.---

Corner of les Rouse Street and Des Voeux Road, Central

THE BANK OF CANTON, LTD.

Established 1912.

Total Resources

The following quotations have been received by Messrs. 'S. E. Lavy and Co., and the A.O.F.C. **

Branches: Canton, Tolchen, Shanghal, January Hankow, Bangkok &; San Francisco, March London Bankers: Lloyds Bank, Ltd. May

Foreign Exchange and Banking business of every discription trans July facted..

September

Current Accounts opened and Fixed October Deposits received for one year shorter periods it rates which will be quoted on application.

Safe Deposit Boxes (varióda nizos) July

LOOK POONG KIÄN,

Cry dorption of Baskingad Kaifer hire.

Itstacled, Losse granted un'opproved

mauritius.

or

Ourrent Accounts peed in Ideal (utions so Pized Deposite received for age sear shoethe period in Locs and You Caresalaa

eccos which will be quoted application. Bale Heposit Bone To Lat.

Jan. 27. Jan. 28. Closing Closing

Benguet Exploration 18 eta. n. Benguet Goldfield 10`cts. 'n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 cts; n. Gold Rivers $28 n.. Ipo Mining $1 n. Itogans 42 cts, ni Salacota 16 cts, n. Kailan 19/3 n. Langkate (Single) Sh. $15 n. S'hai Exploration Sh. $5 n. S'hai Loans, Sh. 16 n... Raubs $8.00 .n.

Venz: Goldfield 35.

Docks, etc. H.K. Wharves $118 b. H.K. Docks $111⁄2 n. Providents (old) $1.80, n. Providents (new) 30 cts. n. Hongkews, Sh. 8809 m.

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

Cotton Mills.

FOR N. CHINA

Sales Office Opened In Shanghai

SUGAR AND SULPHURIC ACID CONSIGNED.

Canton, To-day.

in the South-west in poor. Wheat;} In order to establish, a market in Total sales: 5,265,000 bushels, the North for native goods produc-| Corn: Total anles:-2,917,000 bus-led in Kwangtung. the Provincial hels.

Department of Reconstruction has "Cotton: Speculators were liqul-established a branch of the Native dating, temporarily disregarding the Products Sales Office in Shanghai, bullish underlying factors. Trade which was inaugurated on January was buying actual cotton from hand 1 ith mouth:

(Continued on Page 11.)

NEW YORK STOCK

EXCHANGE

S. E. Levy And Co. And A.OF.C. Quotations-

The following quotations/trom Now York have been received by Mossre B. E, Levy and the American Oriental Finance Corporation.

July

•

Lat close 10.15 11.00 4.20 4.89% 4.85%

New York Cotton:- March May July

12.46 12.40 12.51 12.42

12.51 12.41

October

12.48 12.32

Head Office:-Bong Kong.

December

12.49 12.40

Authorised Capital.

laid-op Capital

$11,000,000 Spot

8,058,000 82,170,492 New York Rubber:-

January (1936). unquoted 12.40

12.65

12,60

12.56

12.60

12.72

12.61

12.86 12.76

18.01 12.90 18.17 13,07

.4

18.22b

13:17

N.Y./London

Chicago Wheat:

May

97

*95%

N.Y. Cotton

Маг

12.40 12.39 12.38

'

894

88

September

87%

8615

Chiel Manager.

Chicago Comm:- May

84%

23

July"

80$4

78%

September

77%

76%

Ewo Cottone Sh. $8.90 n. S'hal Cotton (old) $74 n. S'hai Cottons (new) $44% n. Zoong Sings, Sh. $9.40 .. Wing On Textiles, Sh. $55 D.

Lands, Hotels, etc. ›

1251 12.40. 12.43

NY. Rubber

Mar.

July

12.72 · 12.M· 13.01

12.84

12.52 12.82

C. Wheat May 97%

July

95%

692%

88

C. Corn May 84%

834

W. Wheat May, 827% STOCKS

INC.

May

July

Read Omee: 65, Broadway, -New York

Gapital Surplur Reserves

2,087,112.69 July......

1,986,528.21

September

824

82% 824 8134 New York Sugar:- March

1.85 1.84/86 1.89 1.90/91 1.94 1.95/96 1.99

35%

Int Tel & Tel

94

Loew's Inc

82%

2.00/00

Montgomery W.

28%

2614

26%

New York Silk:

J.

March

1.38%

1.87%

N.Y. Central 17% 17%

Nat Distillers 26%26%

2014

1734

Antworp

Alesz, Alkens

Casos

Langen

鈞仁

May...

+1.39

(1:87

Asia. Realties. "A", Sh, $100 E. Asia Realties. “B” 8h,#20 x;

Standard Oil NJ 42.

414

37

86%

AUUSD

July ...

1.39

1.37

Chineze Estates $88 'n.

Bele

Hamburg

Montreal Silver:-

Berlin Nombay

Bavie

China Realties, Sh. $121⁄4- n.

Bremen

Ar Cairo

Batyvia,

Caratt Colombi Copenhart

Jubin FAlborch Florance Genera

Baidelberg Interlaken Jerusalem London Tiverpool

March

54,60

May

55.15

Incerca

July Septeraber

64.70 55.25 55.85 56.75 56.50 56.50.

China Debentures Sh.$128 n.

Luguay LAL Marallian Monte Carla

VanHe

Tchobama

b-bid. New York Metal:-

Copper March Tin March

MAN TONG FO

Chist Melings. Bong Hung, les March, 2054.

THE BANK OF TAIWAN, LTD.

Head Office:-Talkoku, Formona, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

lasuod Average amount Y.45,000,000

Branches and Agencies,

Japan-Kobe, Osaka, Tokyo, Yoko

hama Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Talto, Takao, Tamsui, Toen, Karenka Kagi, Hello, Giran. China-Amoy, Canton, Foochos, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, Loudon.

New York, Singapore, Samarang, Soerabaya, Dairen., On and after April 20th, 1934, the rate of Interest on Special Current, Deposit will be at 1% p.n, on daily; balance and the rate for balanes over 110,000 will be quoted on applicationí - (Màximum rate—1%).

Y. OHNO,

Manager.

Hong Kong Branch

$. Des Voeux Road, Central

AMERICAN EXPRESS COMPANY, Winnipeg Wheat:--

U.S.36,000,000.00 May...

BRANCHES:-

Munich

Montrend

Napion

Piraeus

Pulpia 1. Palerms nrtunita

Shynebe! Forthampton Blaborw Tiantain→

*Branches of Amèrican Express Com- pany in Principal cities of United States of America and Canada.

All clanies of Commercial Banking {Transactions - undertaken.

Personal Investment

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

Head Office-

Yen.124,250,000

AMA

recounts

Jan. 24. Jan. 28.

6.17... 6.13/ 50.55 60.30

THE CHINA & SOUTH SEA BANK,

· LIMITED

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

$7,500,000,00 $1,500,000.00 ...All-Important Cities

in China ma

The Company offers to intending Branches Travellers the map of its Travelers Foreign Exchange and General Cheques" and Letters of Credit and, Banking Business transacted. Capital (fully paid-op) Yen.100,000,000 addition, the world-wide service. Current and Saving Accounts opened write thoroughly equipped Travel De- and Fixed Deposits received for one Kanerve Fund

partment.

year or shorter periods at rates, which

BOU Z

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central,:/: Manager's Office... Tel 88565 Foreign Exchange Dept. 88566 General Once..

88567 Cashier's Office tag i 8569

Branches and Agencies eti

Alpkandria

-Batavia

Berlin

Calcutta

Canton

Bombay

Dairen (Dalny)

Nagasaki

Nagoya

New York

Osaka

Peiping

Paris

Rangoon (Mukden) "Rio" je: Janeiro"

San-Francisco 'Seattle Semarang. Shangha

Hong Kong Honolula

Hsinking

Karachi Kobe Eondon

Aperabaya

Tientsin

Bydney

Tokyo

Talugian. Yingkow

E. W. DUGGAN,

Manager,

THE WING ON BANK, LTD. HONG KONG

Authorized Capital $10,000,000

· Foreign Exchange and Banki Business of every description transact- Jed.

Current Accounts opened,--Special Deposits received at special rates, and Fixed Deposits received for one your ory shorter period at rates which wil be quoted on application.

Bate-Deposit Boxes (various wises) for hire

KAMO PHILIP GOCKCHIN

Assistant Mansor

will be quoted on app CHANG

THE SHANGHAI COMMERCIAL

& SAVINGS BANK LIN

(Incorporated in China

Capital paid up „Reserves

Capital Savinga")

A Bank havini Induétział: devalos Ɛand the fostariar plál relations abri

H.K. and S. Hotels $5 b., $6.05/-

10

By St H.K. Lands $50 82.

H.K. Land 4% Debentures 100%

b.

Shanghai Landa Sh. $2434 n. Metropolitan Lands Sh. $12.20 Humphreys #91⁄2-n.'

H.K. Realties $5.10 n.

Public Utilities . H.K. Tramways $20% sa. Peak Trams (old) $9, ni Peak Trama (new); $7 n. Star Ferries $99% 0. Yaumat! Ferries $40 n. C. Light $9.90, b♫ $10 sa. H.K. Electrics $70%; b. Macao Electries,: $25 n. Sandakan Lights $8,n. Telephone (old) $25 b. Telephone (new) $101⁄2 n. China Buses Sh. $12.40 n. Singapore Tractions 6/. n. Singapore Pref. $17/9 m.

*Industrials Malabon Sugar $82. n. Cald: Madg. (Ord.) Sh. $20.b. Cald: Macg. (Pref.) Sh 19 Canton Ices $2.85 n. Cements $1.90 b H.K. Ropes 8,80 n.

Stores, etc. Dairy Farms $2À1⁄41⁄2 8. Vibro Pag 41⁄2 1. Lane, Crawfords-$3.75 Mackintoshs, 821 n Sinceres $8 n..

Wm. Fowella, 70 eta, n..

> Wing_On (H.K.), 8105 m.

"Miscellaneous HE Amusements $185... Entertainments, $7% n. 8.C. Enterprises, $185 m. Macan Greyhoun Cone

Amer, Smelting

Cón Gas N.Y. 2014 Du Pont

134

Elac Band & Sh 0%

General Motors 31%

8244

34% 2015 20%

33% 934.

0% 6%

31% 31

944

It is learned from the Depart- ment that 15,000 piculs of · sugár and over 10 tons of sulphuric aeld have been sent to Shanghai' for

sale. The demand for these goods

is very great in Central China and the value of the total consumed per, year amounts to more than $100,-| 000,000,--Central Press.

KWEICHOW WANTS

"BRANCH BANK

Facilities of Central

Bank Desired

REQUEST TO NANKING

Nanking, January 21, The Kweichow Províncial Government has telegraphed to the Executive Yuan and General Chiang Kai-shek, President of the Military Affairs Commission, petitioning for, the opening of a branck office of the Central Bank in Kweichow to help in adjusting the currency condition in the province

At the same time, it is under- stood that the Kwelchow authoris ties have also telegraphed to the Hunan, Kwangtung and Kwangsi U.S. Stee!

3714

Provincial Governments, request- The following quotations from Loning that exchanges offices don were received last night between established in Kweichow in order 5.30 p.m. and 10.30 p.m.

be

G. E. S. UPSDELL,-

Hon. Secretary. Hong Kong, 28th January, 1935,

W.W. AHANA

--COMPANY (H.K.) LIMITED beg to announce their removal on

Jan. 15th to..

NO. 31 DES VOEUX ROAD CTL.. (Opposite Wing On Bank Bldg.) and invite their former clients and all who desire high class tailoring at rea sonable prices to visit them in their new location.

gone

Telephone 26366

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Aria Life Building

Hong Lonk

Tel. 30284

Silver Spot 24-11/16 (last close), to maintain the credit of the 24% (last reed), 1/16 up (change).notes of the various Bandit SI DEKANAT

Silver Forward 24-13/18 (last close) suppression Forces there 24% (last read), 1/16 up (change). Chekial Agency.

Silver

Report:America and China bought. India bough

and anld.

Market firm.:

Gold 141/8 (last close), 141/6. (last

reca), 2d down (change).

London/N.V. Selling Rate 4.8002

Lohet

close), 4.8512 (last recd), .016 down (change). gados

London/Paris: Selling Rate 74.59

LONDON SILVER

London, Yesterday.

Spot: 24 % up, 1/16.

Forward: 24g up 1/16

London Bilver Comment:

(last close).. 74,65 (last recd),00 D America and China, boughter India (change);

Liverpool Cotton May 6.76 (last bought and sold. Barket firm. close)

6.79 (last recd), unchanged (change),

Two cases of small-pox, five cases of Liverpool Wheat-May 6/1 (last diphtheria; pne case of typhoid fever close) 5/1%% (last recd), down and one case of meningitis were report (change).

ed in the Colony during the 48 hours' ended January 27,

riga

London Hubber-Apr-June (buyers) 6-7/16 (last close), 64 (last reed), 1/16 down (change)

n.8% (last close), 64 (last recd), un- London Rubber-Apr-June (sellers?

chanzed (change).

London Rubber at noon. (buyers) 6% (last rect)

JOINT ACTION IN

INDUSTRY

Cotton Operatives' And Employers Unity

London, To-day. Answering a Parliamentary ques- [Hon yesterday,the Labour Minifö- |ter,: Mr. Oliver Stanley said that |the negotiations in to which employ- er's, and operatives" organisations lons (new). 55ets nentored, in accordance, with Jast 154099), year's Cotton - Manufacturing In-

tiops: (old). $18

Ch. Govt.3% 1925 GSBds-0232% dustry/Act, with a

Lorn

now and

mpleted and

¥86% Load 1% grem, jojaly applies

order under

De made

making

:agreb-

Is It Insured? ?

· Insurance -- All Chases.

- LOWEST RATESUU

American Asiatic Underwriters

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

Head Offloc

Asia, Life

17, The Band

pa

Shanghai

Tel 30234

S. E. Levy & Co.

7, 'ICE HOUSE, STREET

BANKENS BROKKAB.

NEW YORK COTTON EXCHANGE

【COMMODITY":"EXCHANGE, INC, NY,

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

Building