1935-02-19 — Page 6

BANKS

KONG KONG AND SHANGHAI BANKING CORPORATION.

Bahorised Unplial

$60,000,000 Loned and Fully Paid-up 20,000,000 Basarte Funda 1-

cling

£ 6,200,000 10,000,000

Bowers Liability at Proprietors $30,000,000 READ OFFICE: HONGKONG.

BOARD OF DIRECTOHA. Hon. Mr. C., 9. Mésobie: Chairman

B. II. Detweit. Eng.

↑ Deputy Cholera,

Ion Ht Wt. Itall

4. H. Carbon, Zag.

14. Knight, Kat.

G, Nikis, Esq.

ANOT ZANGKOK

BATAVIA WONBAY CALOUTTA CANTON CHEFOO DOLAMEN

10000w HAIPHONG

HAMBURG MANKOW

MARDIN

ILOILO

rom

JOHORM

KOBK

TOWLOON

.. Morrison, Tes

13. Patemos, Kan,

T. E. Pares, Bag

V. K. Grabera,' Log. Chla! Manger.

ZDRA NOLIKA -

• LONDON'

LYUNS

MALACCA

MANILA

WAR (Jabere)

MUKDEH NRW YORK PRIMING PENANG BANGDON MALGOR

SAN VRANCI800

KUALA LUMPUR

SHANGHAI

NINGAPORE

SOURADAYA

SUNGE PATANI

TIENTHIN

TKYB

TRINOTAU

YOEDHANA

Ourrent Acouste opened in Local Currency

Kurling

Pad Deposita cited for one year De sharlar perfods to form Company and

om verma which will be quoted on application. Hong Kong, With, Apeth, 1964,

4

HONG KONG SAVINGS BANK.

The Busite of the mora Backe vondNet. by the HONG KONG AND SHANDMA!

BANKING CORPORATION,

ablised on application.

Bulan may

be

VOR THE HONG KONG AND MANOHA

BANKING CORPORATION

Y., BRAYBURN.

...Chiat Menaga.

Hong Kong, th. February, 1584,

THE BANK OF EAST ASIA, LTD.

Sartorioed Capital

P-up Capital on Reserve ved Undivided Profe

$12,500,000,00 cha B.ISH,CHAEL.CM

..09,634,200.00

HEAD OFFICEI-HONG KONG

12, Des To Bond Central.

BOARD OF DIRECTORA |—

Bir Shop Chow, Chateau.

E4 Rosa Chuu, Kaq. P. R. Kwok, Zeq. Warr Zu Tong, Eng.. Chan Ching bok, Eaque Li Tan Song Lag., 'Wong Chu Rou, Xaq, and Ian Tig

sturla

Isa Tour Po, Esq. Ellul Manager,

Tee Foo Yag., Mannger,

BRANCHES AND AGENCIES –

Wasila

Melbourne Narsaki

Battle

Bouzaing Bhuughal. Mingapore

Sourslaye

• Quator

Ylosy

Now Yock

Balkong

Pari

Basker

Pripion

wi

1

Hangoon

Rowbes

Susgoo

Tabya

London

Hab. Francis

Vancouver Yokohama

Talbols Tantala

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Paid-up Capita!

Reserve Fund

Reserva Liability of Pro-

prietors

..£3,000,000

£3,000,000

.£3,000,000

Aberfa Asab

Agencies and Branches:"

Ilalle

Took

Bangor Balgoo Kemerang

Belavia

肘

Calouste

Cheater

Cawnport

Volan

+ Tengkak

Halphon

How Tark

(Bhoker) 1singtar

Под

Colb

Deli

Elong Kong.

Madres

Manila

Falplug

Моторого Billawa

Taiping THIDIN

· Forelyn" "Duokosgi and. Ooneesi Banting business |

THE CHINA MAIL" TUESDAY, FEBRUARY 19, 1935

Commerce and

Finance

LOCAL DOLLAR STEADY

Silver Prices Drop

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

Spot and forward silver prices declined being quoted at 24- 13/16 and 24-15/16, respectively.

The London on New York cross- rate was quoted at US$4.8 as compared with £-U.S.34.874.

The New York on London rate

Dorreal Academia opered and Mized Depoelie was quoted at £U.S.$1.89%, as maized for one year of shorter periode af vale compared with -U.S.$4.8734 which will be quoted on application.

A. BREARLET.

I

Manager.

Hong Kong, Jst. January, 1935.

SAFETY FIRST ! .

To Safeguard Your Valuables and Jowalleries. Deposit them in a Vauli that 'is' really: FIRE-PROOF BURGLAR-PROOF, DAMP-PROOF !

SUGAR REFINING

Canton Factories Make" Progress

Canton, To-day.

The Sinchow, and the Szetow Sugar Refineries of the Provin cial First Sugar Manufacture Station.. have made rapid pro- operations were яress since

LOCAL SHARES.

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

Banka

H.K. Bank $1620 & H.K. Bank (London) £181

'div.

Chartered Bank $154 n. Mercantile Bank A. & B. #81% Mercantile Bank C, £131⁄2'n. K

NEW YORK STOCK MARKET

Activity Following Gold Decision

INCREASED TRADING IN ALL

COMMODITIES

COMMODITY PRICES SPORT NOTICES. The following quotations have THE HONG KONG JOCKEY CLUB been received by Router.

Feb. 17. Feb. 18. ANNUAL RACE MEETING, 1938.

Closing Closing

In their market report, Messrs: October SE Levy and Company, corres December pondents for Messrs. White Weld January (1986) and Company New York State: Spot

"Stocks: There was a broadening New York Rubber: ex. of demand in selected industrials, March

The inflation of stocks, as previous May

ly mentioned, seems to be indicated. July ............ n. Business done:-1,910,000 shares. September

"Grains: Frightened shorts October. covered. We expect an increase in December industrial demand and domestic Chicago Wheat:-- statistics. Corn and wheat ruled May. strong. Wheat: Total sales: July 7,161,000 bushels, Corn: Total aales: September

Unreceived. ...

́ ́ Bank of East Asia $90 m.-

Am: 0. Finance Corp, Sh.$20 n.

China 0. Fin. Ord.. Sh. $1.80 v. China 6. Fin. Prof Sh. $41⁄2 n.

Insurances,

Canton Inc. $260 is. Union Ins. $492% n. China Underwriters $1.80 b China Fire Ins. $4.90 n. H.K. Fire. Ins $225, n. International Assce. Sb. $5 x¤.

Shipping.

*

Douglases $39%1⁄2 n. H.K. Steamboats, $71⁄4 n. *. 'Indo-Chinas (Pref.), $30 ́. Indo-Chinas (Def.), $35, m. Shells (Bearer) $50/- 2. Union Waterboats $121⁄2 n.

Mining.

Antameks 91 cts, n. Balatoca $43 n. Bagufo Gold 39 cts. n. Benguet Consolidated $141⁄41⁄2 n. Benguet Exploration 17 cts. b.

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of started.

According to the, director of the Our New building is Specially Con- | structed to provide all of the Im-Agriculture and Forestry Bureau, portant Qualities.

the quality of the sugar produced You may obtain a Safe Deposit by these two factories is much bet Box in this most up-to-date Vault. for: your own use at a very moderate Renter than that of the No. 25 was Ital

sa Rugar. The cost of one picul of Inspection Cordially Invited. sugar, is at present $13. It is ex- THE NATIONAL COMMERCIAL |pected to be reduced to $8 when & SAVINGS BANK, LTD. the Javn sugar canes grow more luxuriantly. The director in- Corner of Ice House Street and

dicated that Java sugar canes Des Voeux Road, Central

have been planted in various planting stations as a substitute

THE BANK OF CANTON, LTD., for native sugar canes, since one

Established 1912.

Head Ofleet-Hong Kong.

Authorised Capital

|Paid-up Capital

Total Resources

mow of land can produce 140 plouls of Java sugar canes, while the same size of land can produce $11,000,000 only 75 picals of native sugar

8,655,000 cane. -82,170,402

Branches: Canton, Toishan, Shanghai, It was also learned from the Hankow, Bangkok & San Francisco, director that in view of the condi- London Bankers: Lloyds Bank, Ltd.tion of demand

over supply, the Foreign Exchange and Banking Agriculture and Forestry Bureau business of every discription trans

has made a number of small loans acted..

Current Accounts opened and Fixed to farmers in order to enable them Deposite received for one year or to plant more sugar cane. Each shorter periods at rates which will be farmer is allowed to borrow $25. quoted on application.

Safe Deposit Boxes (various sizes) each time. Central Press.

1687, description of Hanks and Exchangs business transacted. Losos grated an approved for hire.

secure.

Current Arounla opound in Local Curren

Fixed Deposita esived 1 DOS your or Harter periods in peal and Foreign Currencias

which will equated on "appilation. Вата Парові! Зате То так

KAN TONG PO,

Chief Manager,

Hong Kong, at March. 1984.

THE BANK OF TAIWAN, LTD.

Head Office:~~Talhoka, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

fasued Average amount Y.45,000,000.

Branches and Agencies. Japan:-Kobe, Osaku, Tokyo, Yoko- Makong, Nanto,

hama. Stinchiku, Taichu, Tainan. Shoka, Talto, Takao, Temsul, Teen, Karenko Kagi, Heito, Giran.

China: Amoy, Canton, Foochew, Han,

kow, Shanghai, Swatow, Others: Bombay, Hong Kong, London. New York, Singapore. Batavia, Samarang. Soerabaya, Dairen. On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 14% p.a, on daily bainnce and the rats for balance over! $10,000 will be quoted on application

Maximum rate-1%)

KARNA Y. OHÑO,

Hong Kong Branch

Blannger.

3. Des Voeux Road, Central.

4

LOOK PODKO SMAN,

THE

Chloé Manager.

RAW RUBBER PRICES

AMERICAN EXPRESS COMPANY, Latest Quotations From

MENGAPA INC.

Head Ofre:-65. Hroadway,

New York Th

*U.8.88,000,000.00

2,087,112.8 1,995,328.41

Capital Sofplus -Reserves

BRANCHES:--

Mika

Antwar Alback Ara Hexane

Bingar

The Hague

Havana

Hamburg

Paris

Berlin

Palpit

Tambay

· Heidelberg

Palme

Bretten

Interlaken

Friverda

Armerly

Terasal

ROMAN

.:. Londre

Tiverpool

Lette

Caliro

Patrulia

Cannes Colorabe Copenhagen Pokli

alburgh

Fas

Ingibe Lazor Marian

Monte Carle

Manila

Wunies

Mantas

Firsus

Rontheroptos Рідером Tientla Taormina Visua

Yokokema Zurich

Singapore

Measra. H. B. Joseph & Co. have received the following Straits Cur rency quotations (Buyers) from Singapore for Raw Rubber!

Spot 211⁄2 up . April-June 231⁄2 up %. July-Sept. 244 up . Market:-Firm sellers reserved.

ย

Sentence of one year's hard labour was this morning imposed on Li Fu. banishee, by Mr. W. Schofield at the Central Magistracy for returning to the Colony front banishment. Accused, who was banished from here in 1932 for a period of 10 years, had returned to the Colony once before since his ex- pulsion.

Branches of American Express Com-mem

·Benguet Goldfield 10 cta, D. Big Wedge, 10 cta. n. Gold Creek 88% cta. n.. Gold Rivers 23 cls. n. Ipo Mialug $1 n. Itogana 42 cts. n. Salacots 18 cts. n. Kailan 18/9.

Langkats (Single) Sh. $15 n. S'hai Exploration Sh. $5 p. B'hai Loane, Sh. 36 n. Raube $7.90. n.

Vena Golddeld $5 n.

Docks, etc.

H.K. Wharves $112 s. H.K. Docks, #111⁄2 n. Providents (old) #1 b, Providents (new) 80, cts, n. Hongkown. Sh. $809 m. ** New Engineerings 8h. $5.80 m. S'hal Docks, Sh. $120 n.

Cotton Mills.

Ewo Cottons Sh." $9,22% 1. S'hal Cotton Cold) $74 ́n. S'hal Cottons (new) $45 D. Zoong Sings Sh. $8.30 n. Wing On Textiles, Sh. $65. n.

Lands, Hotels, etc.

H.K. and S. Hotels $4.90 b. H.K. Land $59.

and

15

H.K. Land 3% Debentures 101%

b.

Shanghai Lands Sh. $22 n. Metropolitan Lands Sh. $12.29 n. Humphreys 810

H.K. Realies $5.10 n. Asia Realtles "A"; 8h. #100 m. Asia, Realties “B” Sh.$17, n. Chinese Estates $93 n. China Realtjes Sh. $10.60 n. China Debenturen. Sh.$123 n.

Public Utilities

H.K. Tramways $20.20 b. Peak Trams fold) $83⁄41⁄2 n. Peak Trams (new), $8.n. Star Ferries $94, 1. Yaumat! Ferries $22 n.

C. Lights $10.15. b." H.K Electries $71, b.

Dany in Principal cities of United THE CHINA & SOUTH SEA BANK, Macao Electrics, $25 n. States of America and Cazade.

1

All classes of Commercial Banking Transactions undertaken.

Personal investment scounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880

P

LIMITED.

(Incorporated in China)'

Hend Office ..Shanghat Capital

Reserve

Branches

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

In China

All Important Cities The Company offers to intending Foreign Exchange and General Travellers the use of Sta "Travelers Banking Business transacted. Cheques and Letters of Credit and,Cortent and Saving Ascommta opened Capital (fully paid-up) Yen.100,000,000 f addition, the world-wide services and Fixed Deposita received for one Reserve Fund

Yen. 124,250,000 f its thoroughly equipped Travel De year or shorter periods at rates which

partment.

will be quoted on application, past Head Office:-YOKOHAMA

BOU, Z.

CHANO,

Manager. HONG KONG BRANCH: Branches and Agencies at:

Nugasaki

24, Des Voeux Road, Central, Batavin

Nagoya

Manager's Office....Tel. 85565 Foreign Exchange Dept.

32566 "General"OfficeTM

23567***

Alexandria

Berlin

Bombay

Calcutta

Canton

E. W. DUGGAN, O

y

Now, York

THE WING ON BANK, LTD. HONG KONG

Cashier's Offics

Peiping Dairen (Dalny) · Rangoon Fengtien (Makien) (tio De Janeiro Hamburg

San Francisco Bankow

Sentilo Harbla

Semarang.

Kong

Boala

obe

Hainking Karkchi

London "Los Angeles

Manila

Mof

Shanghai

Singapore Soorabaya Sydney

Tientsin Tokyo

Thingto

A. Yingkow

Authorised Capital $10,000,000

38569

THE SHANGHAI COMMERCIAL

Foreign Exchange and Banking]| & SAVINGS BANK LIMITED |Business of every description transact-

Current Accounts opened, Special | Deposits' received at specialʻzatos; and {Fixed Deposita - received for, one year or shorter period at rates which will be quoted on

Safe Deposit · (variona ⠀⠀ "sizeu);

PHILIP GOCKCHIN Chief Manager

Interset, alleweťoti Uurent As for hire.

Deposita zaortred for fixed periodi

le pater to be obtained on application. L. GOCKCHINGAM

G. KISHINAMIENNE

11th September 194

Asblatant Managers

LI SHU FONG

(Incorporated in China) Capital paid up $8,000,000 Beserves... Capital Savings Dept, $500, Reserve Bavings Dept. $600,000

"A Bank barring na ito' Industrial development and the fostering of "cial relations; abroad

77,000,000,

»Sandakan Lights $8 n.

Telephone (old) $26 n... Telephone (new). $10.15 b, China Buses Sh. $12.40. n. Singapore. Traction 7/3: Singapore Pref. 18/- n. Industriala. Malabon Sugar $8 n.

· Cald; Macg. (Ord.)," Sh. #21, n.. Cald: Maty. (Pref.) Sh819% Canton Ices. $234 b. Cements $2.08 5

H.K. Ropes $3.80 n.

Stores, etc.

Dairy Farms $244 n. Watsons: $4%D

Jane, Crawfords $8.75 n. -Mackintoshs,; 21′′n.

Sinceres $8.

Wm. Powells, 70, ets. n. -Wing On (H.K.): $105 m.

Miscellaneous. -

H.K. Amusements 81:25 n. Entertainments, $75 n. 8.C. Enterprises $1,35 n." Hecap "Greyhound i'l #2 n. Constructions (old) $1.70 n. Construction (new) 49 cts, b Vibro Piling $5% m Ch Govt, 6% 1925 GBds

H.K Govt

prem b

16th, 10th, 19th, 20th and 29rd

February,, 1895;'

N SATURDAY, 16th, MONDAY

WEDNESDAY 20th February, the first ball will be rung at 11 am., and the first race, will be run at 11.80 a.m On SATURDAY, 28rd February, the first bell will be rung at 1.30 p.m., and the first race will be run at 2 p.m.

12710 18th, TUESDAY 19th, and

The tin interval will be taken after the fifth race on the first four

e ifth ra 18.97 · | days.

New York Cotton': March

12.42

· 12.59

May

12.48

July

12.62

12.41

12.58

12.65

12.46 -12.65 12.50 1267 12.80

12.97

bid

13.10

13.56

13.25. 13.72

13.42

19.89

*13.49

18.69

$14:15

9714

90%,

99 32%

BR

90%

Chicago Còrn:-

Flash: Industrial Inventories are Mny moderate while speculative holdings July are small. New buying confidence September should force the price of commodi- December ties highor. The Gold decision to New York S ing favourable to the Government, March all markets are advancing," Reu-May July iter.

"Cotton: The goods market ruled May higher. Trading in futures was July broader. Old crop options should September

*** | Winnipeg Wheat:- work, higher.

"Rubber; Shorts and dealers were May the principal buyers. We favour July purchases on dips, 946 lots.

80

89

80%

8814

77%

794

88/%

88%

82%

824

Total salesNew York Sugar:-

March

1.95

2.01

2.06

2.10

2.17

1.39

1.42

*1.39

1.48.

1386

1.49

Montreal Silver:-

55.10

56.05

56.30

55.60

68.00

56.00m

56.80

E. A Pierce And Co.'s Report In their market report, the March American Oriental Finance Cor-May poration, correspondents for July Messrs. E, A. Pierce and Company September of New York state:-

'n-nominal.

MEMBERS' BADGES AND ENCLOSURE

Members are reminded that they and their ladies must wear their badges, prominently displayed throughout the Meeting.

No one without a badge will be ad- mitted to the Members' Enclosure.

Badges admitting non-members to the Members. Enclosure, and Club Rooms at $10.00 per day in cluding tax-or $40.00 including tax for the Meeting (ladies $5.00 and $20.00 respectively) are obtain- 1,97/97

able through, the Secretary upon in 2.08/04

troduction by a member, such Mem- 2.08/08 2.12/13 ber to be responsible for a

rall chits {etc. 2.18/18

Badges admitting to Members' Enclosure will NOT be on sale at the Race Course, surge

56.55n

The Secretary's Office, 3rd Floor, Gloucester Building, (Tel. 27794) WILL CLOSE AT 10 a.m. ON THE FIRST FOUR DAYS, and at 12.30 p.m: ON THE FIFTH DAY.

A limited-number of tifina will bo obtainable each day at the Club House, provided they are ordered in advance from the No. 1 Boy.. Feb. 11. Feb. 18. Telephone No. 21920.

"Stocks: The strength of the mar-New York Medal:- ket, following the decisions on the'

Gold Clause cases, was more con Copper, March vincing. In industrials than raila and Tin, March utilities.

"Grains: The markets were easy prior to the decision, advancing sharply later. There was little for sale on the way up. Final prices] wore the bost of the day.

"Cotton: There was considerable replacing by longs, with a decided broadening of trade buying and a fatr demand from foreign and do mestic interests. Southern reallė- ing sales were in evidence. The market acts as if it will go still Higher.

"Rubber: The market was` ner- vous prior to the decision, but after there was good buying from 21 sources, with a volume of heavy profit-taking on commission houses and foreign accounts. London spot was much higher after the close of the market.

(Continued on Page 10) Latest Quotations

The following quotations have been received by Reuter.

N.Y./Landon

Frov, To-day's

close.. eloxe

cross-rate

4.87 4.894 N.Y. Cotton-May... 12.48 12.67 NY. Rubber-May... 18.10 13.50 Chicago Wheat-May 974 99 Chicago. Comm-May: 86% 88 Montreal Silver--Mar. 66.10

55.05 Silver Official

51%

54 Dow Jones Averagen

To-day's Feb. 16 close Chango

30 Industrials 104.54 107,17 2.68 up

20 Rails 20 Utilities

40 Bonds

32.55 24.43.1.88 up

16.35 10.71 .86 up

96.99 97.22 23 up

11' Commodity 59.02 60.21 1.19 up

10 Leading Stocks

Amer Smelting

Auburn

Cass

Elec Bond & Share General Motors Int Tel & Tel. Montgomery Ward Nat Distillers N.Y, 'Central U.S. Steel

6.07

60.20

6.27 49.35

x=xEXXEXXX

Everything

gone.. BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING:

START NOW

UNDERWRITERS SAVINGS BANK

1:

On no pretext will children be permitted. In either enclosure dur- ing the first four days of the Meet- ing.

PUBLIC ENCLOSURE

The price of admission to the Public' Enclosure is. $2.00 per day.

including tax for all persons in cluding ladies and is payable at the Gate,

Soldfers and Sallors in üniform jare admitted to the Public En- closure" at $1.00 per day" Including tax.

Bookmakers, Tic Tac man etc. will not be permitted to operate within the precincts of The Hong Kong Jockey Club during the Rece

Meeting

Timps will be obtainable in the Restaurant in the Public Enclosure, SERVANTS" PASSES

Passes for Servants will he Issued on application to the Sesre- tary, 3rd Floor, Gloucester Buil- ding.

Any persons found loitering with Servants' passes in their possession. will forfeit the same and will be removed from-the enclosure, d

By Order

- C. B. BROWN, Secretary: Hong Kong, 11th February, 1985,

Is it

Insured? ?

Insurance All, Clauses. LOWEST RATES"

American Asialic Underwriters

Fod. Ina, USA. GødéraÏ: Agents P

H.K. Office -Asin. Life;:!

Building

TeĽ: 30234.

374

25.

FOR THE FAR EAST,

60%

SINC

82%

Asia Life Building

Head Chies

2312

29

Hoas Cont

17, The Band

Shanghal

Tel.

Business Done1,910,000 shares.

NEW YORK STOCK EXCHANGE

Reuter Quotations

February 19.

The following quotations from New York have been received by Reuter.

Last close 10.15 11.00 4.87% 14,874 ......4.86%

NYLondon.

N.Y. Cotton

Mar July

N.Y:- Rubber

Mar

July

12,42 12.35. 12.34 12.52

12743

12:48

12.97

12.95

18.25 12.18

·18.17

C. Wheat May 9TK Jaly 600% C. Com May B6% W. Wheat May, 834- STOCKS

|Amer Smesting 86% 85% 85.

Con Gas NYS

Du PontART 05 BAN 89% Eloo Bond & Sh 5 Wendy [General Motors 31% 1 Loan, 6

Loen's Ins

Montgomery W 2014 --- 36%

H.K. Govt 8%1⁄2% Loan 8% prem, Nat, Distillers 27% -1277

Walace Harper $73 MA

[NY. Central (* 101⁄2 16% Standard O NJ 40% 10.40%

E. Levy & Co.

7, ICE 11OUSE · STREET"

INVESTMENT BANKERS. & BROKERS

• NEW YOKE, COTTON RXCHANGE

COMMODITY EXCHANGE, INC. NY, CHICAGO: BOARD OF TRADE" --

CANADIAN COMMODITY · EXCHANGE, ́ING

CORRESPONDENTA POI

"WHITE" WELD & CO1