1935-02-28 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capitul-

$50,000,000

Issued and Pally Pull-up 20,000,000

Reserve Faridis:--

Sterling .... £ 0,500,000 Silver $10,000,000 Reserve' Liability of Pro-

prletors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1868. HEAD OFFICE: LONDON Paid-up Capital

20,000,000 Reserva Liability of

HEAD OFFICE: UONORONG.

DOARD OF DINKOTGIS,'

W. H. Bell, Esq. K. S. Morrison Esq., | Can'ss

.£3,000,000 ....£8,000,000

Pro-

THE CHINA MAIL, THURSDAY, FEBRUARY 28, 1935

Commerce and

Finance

NEW YORK STOCK

MARKET MA

3,000,000 RALLY SUGGESTED

BY BETTER TONE

Agencies and Branches:

Rangoon Figo

Remarang Berimban Bbangkal Singapore alliawan Bourabaya Talplog

Reserve Fund

prietors

Alor Alar

Sailo

8, 11, Dulwell. Bet,

Chaleman,

Amyiter

-Ipok

Bangkok

Kamol

Materia

Klang

. 1, Kalekt. Nag.

Botebay

Кова

Paputy Chair AM,

Calcutta

Suela

Luwgor

Cawnpore

Borbing

A. H. Comptan Eur

Cabra

Mudra

1gn. Mr. J. J. Paterson, Hon Mr. C. G. S. Mackie,.

Colomb

Tiantain

Tongkah

Halphong Hamburg

New York

(ühsker).

Priping

Imagino

Hanks Tarbin

(Foxing)

Tokobane

THALDA

Zamboogs

long Koog

KUALA LUMPUN FINDIN

LYONS

MANILA

G. Miskin Esq., T. E. Pearce Esq.,

-V, "M. Orazbura, Xog,

BRANÚÐ.

BANGKUK

LUOT

DATAVIA

ROMBAY

CALGUPTA "CANTON CHEFOO

DOLOMID DAIREN Follow

.. WAIPHONO

HANDLING WINKOW

WARDEN

I NOKEW

IMIB

LO

HORD

SE

KOWLOON

SEALACCA

3A (ohore)

NUKDEN

NEW YORK

PELPING PENA NO

BANGUCH

RAIGON

BAN FRANDIB00

SHANGHA

RINDAPORE

BOURABAYA” *-

RUNEI FATANI

TIENTSIN

TOKYO

THINTAO

TOKOBAMA

Current Accounts opened in axal Curraney

Sed Fixed Dapculte received for one your De ther periods in Loral Company and sterling ich will be noted on application. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

be

The Business of the above, Bask la condusi

• by the HONG KONG AND SHANGHAI WAYKING CORPORATION. Hulam, may and on application.

FOR THE HONG KONG AND WHANGHAI

NACKING CORPORATION ·

V. M. GRAYBURN,

Chind Manan.

Hong Kong, 25th February, 1985.

THE BANK OF EAST ASIA, LTD.

Ieškorland Capital amemu. § 10,000,000,00 Palup Capital

Boomers and Undisclnd Prote$7,1 16,400.00

·HEAD_OFFICE:-TONG HOND

19. De Vous Road Casiral,

TARD OF DIRECTORS Bihou-son Chow, Carm

Low Cho Em P. K. Kask, 'Ing.. Wong

Tin trong thi mùa Ching Khanh, Trung, lát ho

LOCAL DOLLAR ADVANCES

Silver Prices Improve

The local dollár has advanced opening on demand this morning at 1/10%.

LOCAL SHARES:

TO-DAY'S QUOTATIONS

WHARE AND GODOWN COMPANY LTD.

The following is the list of local Profit On Working State share quotations issued to day:

Banks.

H.K...Bank $1380 n.

H.K. Bank (London) £1301⁄2, Chartered Bank 5154 n Mercantile Bank A. & B. $314 n. Mercantile Bank C. £181⁄2 n.

Bank of East Asia $90 a

.

Am: 0. Finance Corp., Sh.820 China O Fin. Ord, Sh. $1.80 n. China O. Fin. Pret Sh. $4% .. Insurances.

In their market report, Messrs. SE Lovy and Company, corres Spot and forward silver prices pondents for Mears. White Wold improved 1/16, being quoted at and Company New York state:

25% and 26%, respectively. No "Stocks: Our view is that today's The London on. New York cross- steadier market tone suggests some rate was quoted at U.S.$4.86, intermediate rally from these levels as compared with US$4.864, Forelr Beshangs and General asking beater shortly. Business done:-930,000 while the New York on · London

rate was quoted at US$4.88% "Grains: The apprehension over as compared with U.S.$4.861⁄2- érop damage, although, somewhat The last occasion on which the Manager premature, Is inducing buying of dollar reached 1/10% was on Octo

new crop. Wheat and cash corn are ber 4, 1029. ruling strong, while distant options Business was done this morning]

frazanciać.

Current Accouste opened and Plzed Depole shares zevolved for one year or shorter perioda e rates which will be quoted on application.

A. BREARLEY:

Hong Kong, lat. January, 1835."

THE BANK OF CANTON, LTD. of corn futures are feeling the ptes- at 1/10 13/16.

Established 1912. |

Head One: Hong Kong

Authorised Capital

Pild-up Capital ·

Total Resources-

sure of importations. Wheat: Total

Sales:11,291,000 bushels Corn: COMMODITY PRICES

Total sales:-6,000,000 bushels

"Cotton: The continued uncer- $11,000,000

8,655,000 tainties, owing to the Government's

The following quotations have

82,170,402 loan policy, are still being keenly been received by Reater...

Branches: Canton, Toishan, Shanghal, felt Hankow Bangkok & San Francisco,

Current Accounts opened and Fixed Deposits rece)red for one yeaT OF shorter periods at rates which will quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager

SAFETY, FIRST 1 To Safeguard Your Valuables and Jowalleries." Deposit them in a Vault

that is really: FIRE - PROOF BURGLAR PROOF DAMP PROOF 1..

OUR SAFE DEPOSIT VAULT

E. A. Pierce And Co's Report In their market report, American Oriental Finance Cor- Our New building is Specially Con-poration, correspondents

Canton Inc. $260 nive Union Ins. $440 n.

China Underwriters: $1.10 b.. China Fire Ins. $490, n. H.K. Fire Ins, 822712 m. International Assce. Sh. $5

Douglases $39% band H.K. Steamboats, $74", Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 m. Shells (Bearer) $49/42 n. Union Waterboats 1121⁄2 n..

Mining..

Antamoka 88 cts. n. Balatoes $48-n..

Baguio Gold 39 cts, n. Benguet Consolidated $14 n. Benguet Exploration 15 eten.. Benguet Goldfeld 10 sta. n. Big Wedge, 10 cts. D. Gold Creek 381⁄2 ets. n. Gold Rivers 22 cts. n. Ipe Mining $14 n. Itogans 42 cts. n. Salacota 16 cts. n.

Kailan 17/-n.

Langkats (Single) Sh. $18 n. S'hai Exploration Sh. $5 n.. S'hat Loans, Sh. 36 ..

Docks, etc.

Providenta (old), $14 0. Providenta, (new) 15 cts. n. Hongkews, Sh. 8809 n. New Engineerings Sh. 35.80 n. S'hai Docks, Sh. $120.

Cotton Mills,

n.

To Be $855,206

$6 DIVIDEND PER SHARE

NEW ADVERTISEMENTS

PUBLIC AUCTION

The Hong Kong and Kowloon DARTICULARS & CONDITIONS Wharf and Godown Company, Lim-Lof the Sale by Public Auction ited made a profit of $855,206,77 for to be held on MONDAY, the 4th 1934, as compared with $907,993.01 day of March 1985, at 3 pm, at in 1938.

the Offices of the Public Works De-

The balance for the year, afterpartment, by Order of His Excellency, deducing Directore and Auditors the Governor of one Lot of Grown Fees, allowing for Depreciation and Land at Mount Cameron in the Co- other outgolage was $544,754,66.lony of Hong Kong for a term of 20

The amount brought forward years.

from last year is $311,929.31 making PARTICULARS OF THE LOT. a total of $856,683.07 for appropria- tionelt

The Directors recommend the fol |lowing :-

To pay a Dividend of $6

per share...

To pay a Bonus of $0.50 per

share ............

To transfer to Renewals Ac-

count

{To carry forward

$480,000.00

40,000,00

70,000,00] 266,683.97

$850,083.97

The annual general meeting will be held at Messrs. Jardine. Mathe- aon's Board Room at noon on Thurs- [day, March 7.

RETAIL TRADE

SALES

Money Value Larger Than Last Year

London, To-day.

The money value of retail trade sales in January was 4.2 per cent larger than-in January 1934,

Lot No. 65.

Adjoining Rural Buliding

* No. of Bale

Hegistry No

Locality.

Boundary Menceramente

aboot

per maža plan, 6,261

HONG KONG PHILHARMONIC SOCIETY

Booking Now Open at ANDERSON'S for

HIAWATHA

Rubber, at 105,' was higher than CHINA' FLEET CLUB THEATRE in the first month of the three pre ceding years, though considerably below the peak attained in Decem ber last..

Stocks at the end of January were 1.2 per cent, less in value than a year earlier, and employment was 2.3 per cent. greater-British Wireless Service.

March 7th and 9th. Admission $3, $2 & 51

plus tax

"Flashes:

+

London Bankers: Lloyds Bank Ltd March tenders helped to improve

Rubber: The ready absorption of.. Foreign Exchange and Banking business of every discription trans-sontiment. Total Bules:--804 lots. acted.

"Copper: We favour purchases and are antepating constructive be news from the impending Conference December

of. producers.

Junuary (1936) Commonwealth and Southern Corpn. have declared New York Rubber:-

Spot dividend on a $3.00 basis, for their

March preferred share.

"Average daily petroleum produc-.

July tion for the week ended February 23

September was estimated at 2,536,000 barrels. October The weekly electricity production December totalled 1,728,000,000 kw. hours, an Chicago Wheat:- increase of per cent. from last May year." Reutér.

Feb. 26. Feb. 27. Closing Closing

New York Cotton:-~~- March

May July October

12.27 12.40 12.42 12.47

12.49

12.63

12.41.

12.45

12.49

12.51

12.50 12.54

12.50

12.65

Raube $7.90 n.

12.56

12.66

Venz: Goldfield $5, n.

May

12.68

12.79

12.84 12.95

13.23

13.02.

.13.09 13.08 18.15 13.81

H.K. Wharves $110 s., $108.sa. H.K. Docks $111⁄2

97%

98

July

92%

-98

September

B1.

921

the Chicago Com

for July of New York state-

Winnipeg Wheat Stocks: Reassurance over the May

May

8414

85

80

Ewo Cottons Sh. $9.22% D S'hai Cotton (old) $74 n. S'hai Cottons (new), $45 n.

80

*

76%

76%

Zoong Sings Sh. $9.80 m.

Wing On Textiles, Sh. 355 n..

83%

184:

893

H.K. and S. Hotels' 35b., $5.10 8. H.K, Land $50 n.

2.02

H.K. Land 4%

1.99/00

Last

101%. n.

2.07.

2.06/07

close 10.15 11.00

2.14

2.12/12

Shanghai Lands Sh. $22'n..

2.19

2.16/17

Metropolitan Lands Sh. $12.20 B. N.Y. Catton

NY./London.

4.88314.80 4.90

RENT

Humphreys 891⁄2 bi

Mar

12.27

12.28

12.28

* 2.25

2.23/28

H.K. Realties $5.10 n.

July

12.40 -12.49

12.43

FOOD

Oct

12.41

12.41

12,89

1.34% 1.35 1.35

1.894

INC.

Bead Oflice-65, Broadway, New York

months, influenced by unfavourable Montreal Silver: crop reports in the South-west March

1.34 *1.34**

Aais Realties "A", Sh. $100 m;" Asia Realties "B" Sh.$17 n. 'Chinese Estates $93 n..

N.Y. Rubber

Mar.

12.55 12.58

12.61

CLOTHING

July

12.84

12.88

Sept.

18.02 13.04

18.01

C. Wheat May 974

97%

HEAT

55.80

58.25.

July

9244

Day

Corn followed wheat. There was May

56.25 .56.84

C. Corn May 844

84%

no increase in country offerings, July.

STOCKS:

TAXES

Capital Surplus

Reserves

«U.S.$6,000,000.00 2,087,112.09 1,995,528.81

while arrivals and the shipping de September mand remained slow...

56.75

57.50

W. Wheat May 884

88%

67.25

58.00

Amer Bmelting 88%

33%

34

WATER

Sang, Kaqe Wong Chis B, E. and Ino Ying located on the Meanine Floor of

In Top Pa Bag, Elief Mamagur.

I. Tee Foug. 1aq, Manager.

*BRANCHES AND AGENCIE8 semm

structed to provide all of these Im-Messrs. E. A. Pierce and Company September

portant. Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren-immediate Railroad credit situa- July

L

Malavis

Bisla Firearm

Bowboy"

Neki

Absorbel

Daleniin

New York

|tal.

Drak

Hankow Hoociala

Kawinen

Gourshaya Sesiw bydney

Paris

Priping

PRELO Bangcos

Balon

Ban Fran

Tukhol

Tientsin

Tokyo

Tokekeme

Every description at Banking und' Esahangs busloan transacted. Loan granted an approved | sacuri War. Current

Artounia speed In Loval · Darrena sad, Fixed Deposit mosíssé for: gua

Inspection Cordially Invited,.

THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

THE

tion relieved pressure, and lent New York Sugar atronger tone to sugar Futures, March which were slightly heavy, while May.. Actuals were unchanged. Refiners July were only interested in deferred September shipments at 3 cente. Refined December [prices remained unchanged.

New York, Silk: Grains: Grains were

easier March early in the session but closed May

Mortar perind in 37-seal and Yaralan Durres AMERICAN EXPRESS COMPANY, strong, particularly new crop July

W beets, which will be quoted on appliestian,

Bade Deposit Boxes To Let,

KAN TONG PO

Chist Mamper.

THE BANK OF TAIWAN, LTD.

Head OfficeTalkokn, Formosa, Incorporated in Japan by Special Imperial Charter, 1899;

Central Bank of Formoss, Notes

issued Average amount Y45,000,000; Amsterdson

Branches and Agencies,

Anstrer Jayan Keelungs Makong, Nanto, Osaka, Tokyo, Toko-

Shaka, Shineblku, Talchu, Tainan Talto, Takao, Tamaul, Toen, Karenko, Kagi, Heito, Girah.

Rotterdam

BRANCHFS:

Qass

The lingue

Milow Vilco.. Naple

Harses

-Plus

Banise

Hamburg

Berlin

Hoobay Breme Brussels Calro

Cana

Copaskagen

HATTE Heidelber

Palpins

·Interlaken

Jerusalem

Losdos

Zas carne

·To

Bingapor Theatri

TACJ

Mamallie

Vienne

• Monte Carte

Vanice

Manfa

Muniak

Yokohama Zurich

Hochz

China-Amoy, Canton, Foschow, Han- Calcuts.

kow, Shanghal, Kong, London. Others: Bombay, Hong

New

Bam Fork, Singapore, Batavia,

Yerpool

Bome Blingbat Barthampton

Rubber: The market was active Razor Co, has declared a Special and higher. March liquidation dividend of $1,, together with their was heavy during the morning but regular dividend of $1, plus an dried up in the afternoon. Dealers extra dividend of 25 cts, were the principal buyers, for March.

The International Cement Cor

There was a good factory poration has declared a dividend of Interest, with some Commission 25 cta. house buying of July and Septem- Average daily pétroleum produc ber.options. The Trade was more tion. for the week ended February optimistic,

23 was estimated at 2,536,000 Cotton Prices improved on barrels. moderate trade buying while there The weekly electricity produc- was a small amount of speculation totalled 1,728,000,000 k.w. tion. Inflation talk is again in hours, an increase of 5 per cent. the air. The market acts as if it from last year. Branches of American Zorgrass Cem. will gradually work higher.

Dubulla Boerabaya, Dairen. ** Edinburgh On and after April 20th, 1994, the

ODAY. of Interest on Special Current Deposit will be at 1%% p. on daily balence and the rate for balance over $10 000 will be quoted on application (Maximum rate 1).

Bong Kong Branch

T. OHNO,

Manager.

3, Des Voeux Road, Central.

THE YOKOHAMA SPECIETMBANK

LIMITED.

Established 1880

Messrs. E. A Pierce and Com-

pany in Principal cities of United Flashes: The American Safety pany's report on the opening of the Etates of America and Canada:

All classes of Commercial Banking THE CHINA & SOUTH SEA BANK, Transactions undertaken.

Personal investment accounta

handled,

The Company offers to intending Travellers, the use of "Itu "Travalers Cheques and Letters of Credit Ance Capital (fully paid-up) Yen.100,000,000 of its thoroughly equipped Travel De

addition, the world-wide services] Reserve Fund

Yen.124,260,000

{partment.

Head Offer:-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Calcutta

Nagasaki

Naraya

New York

Bombay

Oanka

Canton

Paris Felping

Dairen (Dalny)'. Rangoon

nkow.

Harbin

(Munden) Rio de Janeiro

Hong Kon

Honolulu

Hsinking

Karachi Mobe A

San Francisco Seattle Gemarang

Shangba

Bingapore

Soerabaya

Bydney Tientsin

London

Tokyo.

Los Angeles Manila

Intermi Depoalls zoorivo rates to be:obl

Tsingtan

E. W. DUGGAN,

LIMITED

(Incorporated in China) Head Office....Shanghai hi

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

· Capital

Reserve

Markets:-

KELAJAKAB

The opening of Wall Street to- day was slightly lower, while there was moderate activity, with the market ruling-steady.

On the cotton market at the opening Liverpool was selling, dia- tant options. Domestic trade and the Continent were modest buyera. Latert Quotations

N.Y./London

Prev, To-day' close close

Branches Foreign Exchange

All Important Cities in China pr Banking Business transacted...

General

The following quotations have Current and Baving Accomte opened been received by Reuter and Fixed Deposite received forous year or shorter perioda at rates which Manager wil be quoted on application

BOD Z. CHANG,

Manager, HONG KONG BRANCH AB, Des Voeux Road, Central: Manager's Omeprind 10565, Foreign Exchange Dept. General Office:

38567 Cablur's Once:;:

THE WING ON BANK, LTD. TONG KONG

Authorized Capital $10,000,000

Foreign Exchange and Banking THE SHANGHAI COME

Business of every description

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

Fixed Deposits received, for one year

&SAVINGS BANK:

#Eincorporated in China)

or shorter period at rates which will] Capij

be quoted on appileation

MA Rain

Safe Deposit Boxes (various sizes)

LES PHILIP GOCKCHIN

Chlef Manager

GOCKCHINY Assistant MapNECT

4.80% 4.80

cross-rate, NY. Cotton-May

*

12.42

12.47

12.68

12.79

13.7**

NY. Rubber-May-

Lands, Hotels, etc..

ד'

NEW YORK STOCK EXCHANGE

February 28,

The following quotations from New Debentures York have been received by Reuter,

: China Realties Sh, $9.60 n.

China Debentures Sh.$128 n.

Publie Utilities

H.K. Tramways $19.50 n.

Peak Trams. (old) $81⁄2” 1. Peak Trams (new), $6. Star, Ferries $94 n.

Yaumati Ferries $22 n.

C. Lights $10 b.$10.10 s,

Ba.

Macao Electrics-$25 n. H.K. Electrics $71 b. $711⁄2 s.

Sandakan Light 38, n Telephone (old) $25. Telephone (new) $10.10 b. China Buses Sh. $12:40 m. Singapore, Traction 8/- b. Singapore Préf. 20/- b.

Con Gas N.Y 18 18 18 De Pont

93% xd 93 98

Elec Bond & Sh 4% 4% and General Motors 30 291% Int Tel & Tel: 7% 7% Loew's Inc 84% 84% 84% Montgomery W. 24% 24% 24% Nat Distillern 20% 20% 145 14%

Da Industrials Malabon Sugar: $81⁄2 n." Cald: Macg, (Ord.), Sh. $21 n. Cald: Maeg (Pref.) Sh.$16 n. Canton Tocs 82% b. Cements $2.05 m. A H.K. Ropes $8.80 1.

Mary Stores, etc. Dairy Farms $2831 0. Watsons $4

Lane, Crawfords $8.75 n. Mackintoshs, 321 nail

luceres $8. AN Wm. Powella, 70 eta n *Wing On (H.K.) $105 m. Awwwa Miscellaneous. H.K. Amusements $1.85 n. Entertainmenta, 74 m. 56 BC. Enterprises" $1.55′′m... Macza "Greyhounds,” $2 Constructions (old) $1.70 . Construction (new) 50 cta. B. Vibro Piling 804 m. Ch Govt. 5% 1925 G4Bde.

Chicago Wheat May 17% Chicago Com May 844 Montreal SilverMar. 55.80 56.254 Bilver. Official **** 55%) 504

Dow Jones Averages

Brady To-day's Feb. 26 close

Change 30 Industrials 102.24 102.55 81 up |20, Naila

30.143083 40 up 20 Utilities ** 16.88 16.01 18 up 40.Bonds

98.48 98,56 07 up ke

11 Commodity 68,88 59.20 22 up

10: Leading Stocks Amer Smelting

Aubura Casend Elec Bond General Blota

Montro

tron

H.K.Gort 4% Loan, -6%%

prem, b..

H.K. Govt 35% Loan 2% prem

Wallace Harpers $74 gamyban

RAW RUBBER PRICES

Messrs HB. Joseph & Co. Com- pany have received the following ¡quotations from Bluzapore „för Raw

N.Y. Central Standard Oil NJ 2014 U.S.Steel

88%

20%

924 324

Is It Insured? ?

Insurance Ali, Cizases LOWEST BATES.

American Aziatic Underwriters Fed. Inc., USA. * Genaral Agenta

Head Office

gone

Everything BUT YOUR

SAVINGS

CHITS

SAVINGS

SAVE SOMETHINGAN MERE WE START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Asia Life Building.

Tel: 80284

S. E. Levy & Co.

7 ICE HOUSE STREET

INVESTMENT "DÄNKENS ́ERORENS

ZEMBENS,

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

LI BHU FONG)