1935-01-31 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Emkorlied Capital S

$80,000,000

Swaed and Fully Faidup k 20,500,000

· Moserra Fundate

Brizg

Kr.

- Reserva - Lisbility - of- Iroprietors

BOARD OF DIRECTORS.

1. Mr. C... Mackin

Chairman,

THE CHARTERED BANK OF INDIA, AUSTRALIA &'CHINA.

Incorporated by Royal Charter, 1888. HEAD OFFICE: LONDON

£ 6,600,000 10,000,000

$90.000.000

Paid-up Capital

HEAD OFFICE: LONORONG.

Ronerve Fund

£3,000,000, £3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branchess

Alor Filar

Hangoon Salgan Kamarang

U. Mindin. Eng.

6. 8. Morrison, Esq. -

Botnbay

Calenses

Canton

Cawnpore Gabe Colorate

Kuching

Changul Flerspe Hitiawan Fostabaya

• Madra

Taiping

Manila

Thenin

Kelan

Tongkah

Haiphong

New York

(Bruker)

Hamburg

Staplers-

Longina.

Hanko

(P+NIPR)

Tokobana

Tapanx

Zamboanga

Deputy Chairan.

'Hou; Mx, JW, 15._Bel).,

Compton, Eng. 2.4, Kiowich, Kaj 10. Zabi, Eng.

AMOT

ANGKOR

MUTAVIA

BOR DAY MALOUTTA

T. E. Pouren, Kaş.

V. M. Origuyen," Log.

DANTONA da

COLOMBO

DAIREN

DOCHOW

MAIPHUNO

SLAMISU

KINKOW

HARBIN

MUHOKEW

MOILU

POB

зовона

КОВЕ

KOWLOON

Chief Manager.

BIANCHES--

LORDUN

LYONS I

MASACCA

MANILA

MUAR (Johor)'

MUNDEN

NEW YORK

PEIPINU

РЕМАЛО

BANDUN

HARON

BAN FRANCISCH

MBANGBAT

HINGAPORE

REALA LUMPUR

RUNDEI PATANI

EDURABAYA

TIENTSIN.

TOKYO

THINGTAO

YOKOHAMA

Current Acrone oproed in Lovel Currency Pized Dapoulte cuvad for aus zoor sharief period in Loess Campany and Harling Sarnia which will be quoted in oppilation. Toug Sung, ith 'Aşıll, 1904.

HONG KONG SAVINGS BANK.

The Bunic of the store Henk le conduol

by iba HONG KONG AND BUANGHAT ANHING CORPORATION

ablated on appilesiion.

Amalinas

Bangkok

1ts via

Delal

Harbi Tor Lon

Foreign Exchange and General Banking benzase nasled Cumai àrodunta oposadand. Fixed Deposu received the one year or aborter periods walad will be uolae as applicatim.

A. BREARLEY.

. Manager. Hong Kong, Jat. 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 located on the Mezzanine Floor of Our New building. is Specially Con- structed to provide all of these Im-

Bules may be portant Qualities.

FOR THE HUNG KORG AND SHAHORAL BANKING CORPORATION..

V. M, GRAYBURN,

Eblaf Mounger,

Boo Song, 3th February, 1954,

THE BANK OF EAST ASIA, LTD.

Authortin Capital

・Faid up Capital

#10,000,000,00 Dave...

Bears and individed Proble#9,4,500.00

HEAD OFFICE: HONG KONG

13, Des Vant toad Comical.

BOARD OF DIRECTORS—

Fir Bhan-son Chow, Chairmez.

XooD Clus. Eg P. R. Kwok, .. WOOR Iva Tone, Eng., Chin Ching Kliek, Eng., Li lai Sans, Er Wong Chu Ban, Faq, and Kan Tizg

Koszy

Baizvia

Bombay

Butte

Rau Tong Po, Eng.. Chief Manager.

12, The Frog, Esq, Maungary

Baphocy Паком

--

BRANCHES IND - AUENCIES:-

Aelhamb

Naval

Battle

Buang

New York

Donke

. Paris

Piping

bolulu

Penstig

Saigon

don

Evary descrption

Kobe Kowloom

4

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own Bae at á very moderate Rør- tal.

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

*

|

THE CHINA MAIL THURSDAY, JANUARY 31, 1935

Commerce and Finance.

LOCAL DOLLAR STEADY

Silver Prices Decline

The local dollar remains steady, opening on demand this morning at 1/94.

Spot and forward silver prices declined 3/16, being quoted at 24-9/16 and 24-11/16, respectively."

The London on New York cross-l rate was quoted at -U.S.$4.87, na compared with £U.S.34.87.

The New York on London, rate was quoted at: £U.S.$4.87%, 8 compared with -U.S.$4.87%.

LONDON EXCHANGES

Paris-

New York.

Montreal'

Brussels

Geneva...

London, Yesterday.

74. 11/32 ... 4.87%

4.87/2

21.01

15.15

"Amsterdam:

Milan

7.24% 7%

Berlin

12.21

Prague

... 117

Athens

616 Sellers

Bucharest

487%

216 89%

Belgrade Montevideo

Other rates unchanged. Silver Spot Forward

24' 9/16 24 11/16 War Loan 3% ... 10834 British. Ofeinl Wireless Service

COMMODITY PRICES

THE BANK OF CANTON, LTD. and Co..and the A.0.F.C.

-Established 1912.

Head Office:-Rong Kong.

The following quotations have been received by Messrs..S. E. Lavy.

Jan. 20: Jan. 30. Closing Closing.

12.32 12.38 12.42

Authorised Capital

Paid-up Capital

Total Researcen

New-York Cotton: $11,000,000

March 8,655,000 82,170,492 May

Hankow, Bangkok & San Francisco.

ona

October

Spot

haxisd

business runnċtad,

scurities.

Singapors bourabaya Hwalow Nydory Fak

Branches: Canton, Tolahan. Shanghai, July

London Bankers: Lloyds Bank, Ltd., December

Foreign Exchange and Banking

business of every discription trans-January (1936)

Current Accounts opened and Fixed New York Rubber:~- Deposits recerred for

year March shorter periods at rates, which will be Vancouver

May Safe Deposit Boxes (various sizes) |July few hire,

LOOB FOONG 6JAN,

Erebana lending and Lowns granted an, approved

Current Popez-Lal-Curtene

Fixed Deposite resivad for one

aborter periods in Local and Yorolge Curry melan term which I be quoted on application

Bafe Deposit Boxes To Lat.

KAN TONG PO:

Chin Maung47.

Hong Kong, 1st March, 1984.

Yokobar

quoted on application.

LOCAL SHARES,

TO-DAY'S QUOTATIONS,

}

UNSETTLED TREND GERMAN DEFICIT OF

ON WALL STREET

Rubber Likely To Be

Easier

COTTON UNCERTAINTY

£163,580,000

A FALL IN REVENUE

Berlin

German Budget_figures show.jik

NEW ADVERTISEMENTS

HONG KONG TELEPHONE CO., LTD.

at the TENTH ORDINARY

TOTICE IS HEREBY GIVEN

ing revenue and expenditure in YEARLY MEETING of HỌNG. New York, To-day.

October are published They KONG TELEPHONE COMPANY, Another unsettled market is ex-show a worse position in both LIMITED, will be held on TUES pected at the opening on Wall respects than for the previous DAY, the 12th day of March, 1935, Street today with movements month, the figures being.. at the BOARD ROOM of the Com-

small and erratic.

n.

WHEAT is anticipated to open cany, owing to the unsettling in-Expenditure: fuence of London and Indian mar-

September

{Revenue:

September October

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

Banks: H.K. Bank $1540 s. H.K. Bank (London) £138 Chartered Bank $15% n. Mercantile Bank A. & B. $814 Mercantile Bank C, £18%1⁄2 n. Bank of East Asia $90 n. Am: O. Finance Corp., Sh. 20 China O. Fin. Ord., Sh. $1.80 n. China 0. Fin. Pref Sh. $4% n. Insurances.

Canton Ins. $275 n. Union Ins. $400 8. China Underwriters $11⁄4 bi China Fire Ins. $490 n. H.K. Fire Ins..$227 b. International Assce. Sh. $5 m.

Shipping.

Douglases, $40 n. H.K. Steamboats, $7. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def.), $39 n. Shells (Bearer) 52/6 n. Union Waterboats 13% m

... Mining.

Antamoks 85 cts. n. Balatoes $41 n. Baguio Gold 37 cts. n. Benguet Consolidated $14. n. Benguet Exploration 18 ets. n. Benguet Goldfield 10 cts. n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 cts. n. Gold Rivers 22% cis. sa. Ipo Mining $1 n. Itogana 12. etg. . Salacots 16 cts. n. Kallan 19/8 n.

►

Langkats (Single) Sh. $16 n. S'hai Exploration Sh. 85 n. S'hal Loaris; Sh. $6 n Raubs $8.60 n. Venz: Goldfield 66 n. Docks, etc. HK, Wharves $118 b. H.K. Docks $111⁄2 n. Providents (old) $1.80 n. Providents. (new) 80 cts, ni Hongkews, Sh. $309 n.

n.

kets difficulties and milder weather October

tor.

RUBBER will, probably be casier on rumeurs of financial difficulties in the London market.

pany, Second Floor, Exchange Building, Hong Kong, at. Noon, for

$55,700,000 £47,180,000

the purpose of receiving a State- £13,650,000 ment of Accounts and the Report $62,570,000 of the Bourd of Directors, for the . conditions However, Australian of expenditure. over revenue of ber,

October thus shows an excess financial year ended 31at.Decem- 1034. and re-electing two reports are an encouraging fac

£15,390,000 as compared with a Directors and the Auditors. favourable balance of £2,050,000 The TRANSFER BOOKS of the in September.

Company will be closed from the During the seven months from 1st March to the 12th March, 1985, April to October inclusive there both days inclusive. COTTON is anticipated to open was an excess of expenditure of Dated this 29th day of January. unchanged. The uncertainty over £16,880,000. To this there must 1935. the "Gold Clause cases are dimin be added a deficit for the pre- lahing, in spite of the rumours vious year of £146,580,000. that the decision might he post- poned until the 11th February. However, other administrative as pects are an unsettling influence on the market,

S. E. Levy And Company's Report In their market report, Messrs. S. E. Levy and Company, correa- pondents for Messrs. White Weld and Company New York state:

(Continued on Page-19)

NEW YORK STOCK

EXCHANGE

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

CURRENCY STABILISATION IN EUROPE

(Continued from Page 1)

Experts in General are of the opinion that, no matter what ruling| the Supreme Court gives regarding the "Gold Clause" case, it is not likely to affect President Roosevelt's programme seriously:

Following the result of the Saar Plebiscite and the transfer of this territory back to Germany, vexa- tiona economic problems have been

created regarding the redistribution

of the coal and iron markets.

It is considered certain that for

The following quotations from New the immediate future rigid stock York have been received by Mesars, exchange control will be continued. S. E. Levy and the American Orieplat Finance Corporation.

Last

close 10.15 11.00 4.87% 4.874 · 4.87

12.32 12.30 12.37 12.30 12.42. 12.41

12.50 12.70

C. Corn May 82%

12.00 12.65 12,73

12.98

95%%

88

8274

C

N.Y./London IN.Y. Cotton

Mar.

July

N.Y. Rubber

Mar

July.

[C.

Wheat May 95

July

.87%

W: Wheat May 82% STOCKS:

82%

Amer Smelting 34%

.34%

Con Gas N.Y. 19% Du Pont

20

20

93%

03%

03%

Elec Bond & Sh

0 General Motors `30%. Int Tel & Tel 8 Loow's Int

$

30%

· ·

3044

D

31

31%

Montgomery W. 257% Nat Distillera 25% N., Central 17

25%

20

25%

251

173

17

Standard Oil NJ. 40%*

40%

U.S. Steel

36%

.361⁄2

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

Cotton Mills. Ewo Cottons Sh. $8.90 n S'haf Cotton (old) $74 n. S'hai Cottons (now) $44% n. Zoong Sings, Sh. 39.40_n._._. Wing On Textiles, Sh. $55 m.

Lands, Hotels, etc,

-3444

4

The following quotations from, Lon don were received Inst night between!

HK. Land 4% Debentures 101% 5.30 pm, and 10.30 p.m.

12.38

12.39

*** 12.44

12:29

12.35

12.35

12.42

12.35

•

12.42

acted.

12.55

12.60

Tuntain

September

12.50 12.71 12.66 12.86 12.79 13:01 12.00 13.18

Chief Manager.

October-r

-12.08.13.24

Chicago Wheat

THE

May July

95

904

873

8814

H.K. and 'S. Hotels $5 b.

AMERICAN EXPRESS COMPANY, September

85%

86%

H.K. Lands $50% n.

INC.

Chicago Com:-

Head Office:-65, Broadway, New York

May July

8234

8344

1,

78%

7934

¡September

-75%

77

Head Ofce-Taihoku, Formosa, Incorporated in Japan by Epecial Imperial Charter, 1889,

Capital

Sorplus

2,087,112.60 May

1

82%

Reserves

1,995,528.81 July

81%

82% 82

New York Sugar:-

BRANCHES:-

March

1.83

Japan:-Kobe, Osaka, Tokyo, Yokn

hama,

Argater12, Antwerp

GLOW

MILAN

Glakgew

May

1.87

Alupi

.The Hogla

Naples

"Shoka, Shinchiku, Talchu, Tainan,

ARGUAD

HAVANE

July

He

Taito, Takao, Tamaui, Teen, Karenko Kagi, Heito, Giran.

Hamburg

Parle

Bertio

Palpin:

September

1.92 1.37

Nombay

PAIFI me

New York Silk:

China:--Amoy, Canton, Foochow, Hp-

Bremod

The rats

March

kow, Shanghai, Swatow.

Caire

Bhigh

Calouste CAROPL Colombe

Typ

Rohrom

TUGYBE

Riasapor

Lugano

Mantain

Copenhagen Lumor

Terma

May July Montreal Silver:-

Publig Pdinburgh Fli Gebore

Marselling

Virnes

Krote Carle

Terica

March

Manila

Tokohama

Munich

Zurich

May,

Sontayus

July September

THE BANK OF TAIWAN, LTD.:

Central Bank of Formoss, Notes

ssund Average, amount Y.45,000,000

Branches and Agencies,

Kerng, Makong, Nanto,

Others: Bombay, Hong Kong, London.

New York,

Singapore, Batuvia, Samarang, Soerabaya, Dairen..

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

Deposit will be at 1%% pa, on daily balance and the rate for balance over 110,000 will be quoted on application (Maximum rate--14).

Y: OHNG,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central!'

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Japital (fully paid-up) Yen.100,000,000 Reserve Fund

Yen.124,260,000

· Head Ofico:—YOKOHAMA

Branchen and Agencies" at:

.U.S.$8,000,000.00* Winnipeg Wheat:-

Havre Heldalbarg Interlaken Jananalang Lonton

Branches of American Express Com- Dany in Principal elties of United States of America and Canada.

All clanes of Commercial Banking Transactions undertaken.

Personal investment accounts jhandled:

The Company offera to intending Travellers the use of its “Travelers Cheques" and Letters of Credit and addition, the world-wide services fits thoroughly equipped Travel De- partment.

-

E. W. DUGGAN,

Manager.

THE WING ON BANK, LTD. HONG KONG

b-bid.

Shanghai Lands Sh. $24% 15. Metropolitan Lands Sh. $12.20 Humphreys $10 n.

H.K. Realtles '$5.10 n. Asia Realties “A”, Sh. $100 ni Asia Realtles "B" Sh.$20 m. Chinese Estates $88, n.

1.83/85 1.89/89 China Realties, Sh. $124 n, f 1.94/91 Chinia Debentures Sh.$328 n. 1.98/99

Public Utilities HK. Tramways $20% s., $20 1.37% 1.35

Peak Trame (old): 39 n. 1.38 1.36

Peak Trams (new), $7 n. 1:381⁄2 1.35

Star Ferries $991⁄2 n.

54.47b 54.25 64.65 56.00. 55.80 55.45 56.50 56.15

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated "In China) Head Office...Shanghal Capital Reserve

$7,500,000.00 $1,500,000.00

Branches All Important Cition

in Chinn Foreign Exchange and General Banking Business transacted.

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

800 Znager.

•HONG KONG BRANCH:.

24. Des Voeux Road;: Central, Manager's Office.................Tel, 1856K Foreign Exchange Dept.

35556 General Office

******* 83567 Cachler's Office

22509

Alexandria

Batavia

Berlin

Nagasaki... Nagoya New York Osaka Parla

Ke Jeneiro

Business of every description `tranxaçt-

ed.

· & SAVINGS - BANK LIMITED,

(Incorporated in China);"

Bombay

Calcutta

Lanven

Dairen (Dalny)

Hankow -Harbin-

Borr Konr

Honolulu

Inking

Ban Francisco Ban Seattle Semarang- Shangbai

Singapore

Доставкул

Kobe

London

„Los Angeles

Motl

Sydney Tientsin Tsingtau

Tokyo

Yingkow

(allowed on, Uxrent

frwerfved for fred

be obtained on applicati

Authorised Capital $10,000,000

Foreign Exchange and Banking THE SHANGHAI COMMERCIAL

Current Accounts opened, Special Deposits received at special rates, and

Fixed Deposits received for one year Capital paid up 27, $5,000,000. or.shorter period at rates' which will] Reserves - by $7,000,000, be quoted on application 2007|| Gapital Savings Dept. (500,000,

Safe Deposit Boxes (various sizes) | Reserve Savings Depta:- $600,000.

for hire, an agen

Chief Manager

PHILIP GOOKCHIN

LA GOCKCHIN

Assistank Manager

LI SHU FONG Asalatant Manager/

Head Off-BARTRA

A. Bank having as its mission tha,

| Industrial development of China:

and the fostarina, of har kommer», 'cial' relations, abrondige Hody Kom

odloë...-7: Ios konse:

Yaumati Ferries $22 n. C. Light $9.90 b.

Silver Spot 21% (fast close), 24-9/16 (last recd), 3/16 down. (change).

Prospects for trade between Ger- many and America are not bright,

Increasing consumption of rub ber and more effective.control, to guard against exports in excess of the quota, are creating. 2 ,moro | favourable outlook. In this industry, If reasonable prices can be main- tained.

The continued German silence over the Rome pact and the French insistence on Germany and Polard adhering to the Locarno Treaty are creating the possibility of political difficulties.

the

The apparently unprovoked at- tack by Japanese troops on Chinese in Chahar has caused an unfavourable reaction to the cillatory atatements made by Mr. Hirota are Japanese Foreign Minis- ter.

con-

LONDON SILVER

Spot:-24-9/16 Down 3/16, Forward:-24-11/16 Down 3/16.) Silver Forward 243% (last close); p. 24-11/16

Silver (last recd), 3/10 down!

Comment:-India sold, while speculators bought at the Report:-India sold. Speeu-fall, market closed Steady, Flators bought, at fall. Market closed

stendy.

Gold 141/8%(last close), 142/1 (last recd), 4% up (change), London/N,Y. Selling Rate

WANTED KNOWN

4.8725 PICTURES, Chinese, something new

flast clone), 4.8725 (last read), un- at KOMOR'S. changed (change).

Do not miss this

London/Paris Selling Rate 74.28 EXHIBITION closing Saturday Febru

b. (last close), 74.28 (last recd), un-

changed (change).

H.K, Electrics $701⁄2 b., $70/71

sa.

Macao Electrics, $25 D... Bandakan Lights $8 n.

Telephone (old), $25,40 b, $25.50

82.

Télophone (new) $101⁄2 5° 7 China Buses Sh. $12.40 n Singapore Tractions 7/- b; Singapore Pref. $17/9 n.

Industrials

Malabon Sugar 88% n. Cald: Macg, (Ord.), Sh. #20 n. Cald; Macg. (Pref.) Sh$19% Canton Ices $2% b. Cements $1.90 m. H.K. Ropes $3.80. n.

Stores, etc. Dairy Farma $241⁄4¿ 8. Vibro Piling $41⁄2 n. Lane, Crawfords 38.75 m. Macklótčahs, $21 ́n. Sinceres #8 p.

Wm. Powalla, 70 ̊ets. n. Wing On (H.K.) $105.

Miscellaneous.

H.K. Amunements $1.85 n. Entertainments, $7%' n. 8.C. Enterprises $1.85 m. Macao "Greyhounds,"" $2-n. Constructions, (old) $1.85 a. Constructions (new) 50 cts. b. Vibro Piling $5% #210 Ch. Govt. 5% 1925 G$Bda—~021⁄4%%

H.K Govt. 4% Loan; 84% prem

Liverpool Colton--May G.74

(last

closa), 6.75 (last, reed), 01 up (change).

(ary 9th..

Liverpool Wheat-May 6/09 (lants It Insured? ?

close), 8/0 (last recd), unchanged kit ((change).

London Rubber-Apr-June (buyers) | (last recd), un-]

18% (last close), 6%

changed (change).

London Rubber at noon

6-1/16 (last recd).

buyers)

Insurance All Classes

LOWEST RATES

American Asiatic Underwriters

Fed. Ina., U.S.A. General Agents

RAW RUBBER PRICES Head Office

Latest Quotations From 17, The Bund

Singapore

Messrs. H. B. Joseph & Co. have, received the following Straits Cur .rency quotations (Buyers) from

Singapore for Raw Rubbers

Spot 20 8/4 Up 1/4 April-June 22,3/4' Up 1/4 July-Sept. 24 Up 3/8- Market: Steadler.

RUBBER SCHEME SATISFACTORY

(Continued From Page 1) Regarding the steps to be 'taken under the restriction scheme to control the production by natives In the Dutch East Indies, and their effectiveness in the event of, a sub- stantial rise in the price of rubber, he wald he understood that in some districts the system of Individual restriction was being introduzed and in others control by means of an export duty.pn

He had every confidence in the ability of the Stherlands Govern ment to secure an effective control. B.K. Govt. 84% Loan 1% in any circumsta

are prém, be

Wireless

Wallace Harpers: 37%4n.

likely to Service!

Shanghai

H.K. Office.

Asia Life Building

Tel. 30234

By Order of the Board.

W. L. MCKENZIE,

Secretary. 14, Des Voeux Road, Central,.. Hong Kong.

XEXBXXBXEXEX

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 Building

Hong Kong.

Tel. 80274

X

PIPPERMINT GET

always delicious with

crushed ice

iced water

GET FREEE... REVEL (HGaronne) FRANCE

S. E. Levy & Co.

2. ICE HOUSE STREET

INVESTMENT BANKERS 4. BROKERS

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE; INC.N.Y. CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE,, INC.

(APONDENTE - FOR

WHITE, WELD & 00, NEW TORK,