1935-03-19 — Page 6

BANKS.

HONG KONG AND SHANGHAI BANKING CORPORATION'

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Jacorporated by Royal Charter, 1853.

THE CHINA WAIL, TUESDAY, MARCH 19, 1935

Commerce and

Finance

HEAD OFFICE: LONDON MANCHESTER WEEKLY

48,000,000 *S £8,000,000

Agencies and.. Branches:

Authorised Capital

Issued and Fully. Paid-up. Reserve Funds;--

$50,000,000 20,000,000

Sterling .....£6,500,000 Silver .... $10,000,000 Reserve Liability of Pro-

prietors

Paid-up Capital

20,000,00%

Reserve Fund

Reserve Liability of Pro-

prietors

£9,000,000

Alpe Slee

Felin.

Fangoon

Arribese

Bangkok

Ipak Esruckl

Saigon

Femarang

Balayin

Kloog

Beremban

Пост

Calentia

Terla

Cat

Lato pur

ca

Cawnpore

Euching

Madeau

Colombe

Manila

Tiesiels

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

Tongkah

Halphen

York

Hambur

Palping

Bankow

(Poking)

Yokohama

Call Manor,

Farben

Topang

"Zamboangs

BEAD OFFICE: BONOKONO. DUARD OF DIRECTORS.

8, 11. Dosiwill.. Ep

Chairman.

U. Knight Kg.

Desiaty Chairs,

W. II. Bell, Esq. K. S. Morrison Esq.

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

Y. M. Gayları, Xaq.

A. II. Compton Esq..

AMOT

WARDEDE

BATAVIA

WOMBAY BÁLKUTYA CANTON СВЕРОВ COLOMBO

DARKK

MODHOW WAIPHONG

HAMBER

MAKKOW

RIDEVAL

BONGREW

TIANO DPOST

MIDBE

KOMR

IOWLOON

BIANCU26

KUALA LUMPER

LONDON.

YONA

MALACCA

RANILA

MAH (Johor)

MUKDEN

NEW YORK

PEIPINO

PENAKO

RANGOON

BAIGON

VAN FRANCISCO

ЕПАКОНАТ

RINDATORE

FORNADAYA

RUNGKI FATAXI

TIENTBIN

TORYO

TRINGTAO YOKOHAMA

Grant Accuate opened is Lcoal Currency Vizes Deposit received for on year or ekertar parlude in Local Company and Berling war while will be quoted an application. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

The Business of ike shers Bet la condwat aybe HONG KONG AND BHANGIAT Rules may be VASSING CORPORATION, sbates of Applisation.

TON TIRE HONG KONG AND SHANQUAJ ANKING CORPORATION

V. M. GRAYBURN,

Chief Hans24.

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Aikurid Capila $10,000,000.00 Pull-up Capital ...

Hoor Long

Shangbal Singapore

Bourabaya Talping

Foreign Derbangs' and 'Oznorai Banking bantuans Trazosated.

MARKET REPORT

Values Show Slightly Bullish Tendency

CHINA POSITION REMAINS UNSATISFACTORY

Messrs. James F. Hutton and Co., Ltd. report, on, February, 14:-

The ger

general tone of the market Current Assoente opsost, and Final Depo has again been steady and prices mcalvador own zone or shorise"perfoda si ratai:

ahow little alteration from a week which will be quoted on applicaáfan,

A. BREARLEY.

Manager. ago. Recent developments in the

Hong Kong, 1st. January, 1935.

SAFETY FIRST!

To Safeguard Your Valuables

"and Jewelleries." Deposit them in a Vanit that is really: FIRE - PROOF

BURGLAR-PROOF DAMP-PROOF !

political situation, and in the Lon- don Commodity markets, are rather unsettling, and, traders generally appear to be waiting.

It is reported that more rain fell In the South West and in the Missis sippi Valley, but more moisture" is needed in the extreme, Western nections of the Belt.

It is interesting to note that ac cording' to one, estimate the con- OUR SAFE DEPOSIT VAULT sumption of textile fibres-cotton, kocated on the Mezzanine Floor of wool, silk, rayon-in 1984 fel! 18 Our New buliding in Specially Con- stracted to provide all of these Imper cent. below that for the Calen-

dar Year 1938. portant Qualities,

You may obtain Safe Deposit Box in this most up-to-dale Vault for your own use at a very moderate Rep. tul

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

wers and Undiride? Proble 2,634,000.00 THE BANK OF CANTON,

14 Ko

HEAD OFFICE:=TIONO TONO

11. Te Vas Road Contr

BOARD OF HIRVOTOKK1—

Bir So Clu, Chairm

Chura. P. Kwok, Key., WORK

Tas Tang. Faq. Chan Ching Shek, Esq., Ld Tan

Baza Bag, Wong Chu San, Bay, and Kas Ties P. Reg.

رم

Kan Tong Po, Biz Chlef Manager.

Tes Young. . Manager.

AND AGENCIES:-*

BRANCHES AND.

Leila Melbo

Nagu-l

Now dock

Dank

Prin

Priping

Parnas

Em Cila Белагад

Singapore Goursheys BWAY Mydver

Вид

Kankor Прескія

Talboku

Rangoon

Kevicon Loodan

Баром

Tokyo

Bab Frandeng

Tandos Ter

Tekchame

Established 1912.

Head Ofen: Hong Kong,

Authorised. Capital

Paid-up Capital

4

Hoper Of Improvement

Opinions differ greatly about the future course of values but the : majority are inclined to a slightly

bullish tendency.

A good deal of price checking, and tentalivé offering has been going on this last few weeks, but bookings.

LTD. Generally speaking stocks, in most all round remain disappointing.

of the markets must be running low, and replacements will probably have to be at increased rates.

$11,000,000 8,655,000 82.170.492

A few low offers for choaties Thave been under consideration for Branches: Canton, Tolshan, Shanghai, Calcutta, and Madras. For Amrit

Total Resources Ti

| Hankow,_Bangkok & San Francisco. sar odd lots of voiles and fancies. London Bankers: Lloyds Bank, Ltd, have been sold together with light

Foreign Exchange and Banking business of every discription trans-bleaching styles for Karachi. Some acted..

enquiry for dyed and printed styles Current Accounts opened and Fixed has been reported for both Bombay Deposits recefred for

one year of and the up-country outlets. shortér perioda ab-rates which will be quoted on application.

Safe Deposit Boxes (variona alxes) for hire.

LOOK POONG SHAR,

Chief Manager

Erary Lonerspion of Banking and Exoboogs belga trebased. Loun granted en approved)..

curls.

Onnea route open la Lol form 244 Fixed Depozite received for one year of sherlar perils in Local and Foral Currencias

Leemakoh will be quoted on application. Bale Deposit Boxes To Lal

KAN TONG ra,

Chief Manage,

THE BANK OF TAIWAN, LTD.

Head Office:Talhoku, ForMOSA, Incorporated in Japan by Special

- Imperial Charter, 1899. Central Bank of Formosa, Notes

inued Average amount Y.45,000,000

Branches and Agencies. Japan:-Kobe, Oakka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko Kari, Hello, Giran.

China: Amoy Canton, Fooshow, Han-

kow, Shanghal, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairen.

Or and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1%%% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1).

T. OHNO

Manager,

Hong Kong Branch

8, Des Voeux Road, Central.

Other Foreign Markets |

The position In China remains very unantisfactory.. A small gen- jeral enquiry has been received from Shanghal for poplins and fancles, but little actual business has gone

THE AMERICAN EXPRESS COMPANY, through.

INC.

Head Office:-85, Broadway, New York

Capital

Surplis

Reserves

Amsterdata

Antwery

Athang

Am

Bordla

Bombay

Bremen

Brunele

Oxira

Салам Colomba Copenhag Dublin Painburgh Floren GELSYS

མས་ཆ་

U.8.$6,000,000.00 2,087,112.49 1,995,328.81

BRANCHES:-

Дяков BAW

The liagde Ravens Hamburg ΠΟΤΕΣ Reidelberg Interlaken Зерновія 1.4bdos Tiverpool Lacerda Lagane

Marelli

Milan

WIN

Naples

Pireau

Polpla Palermo

Arda Rema Sigh

Rangoon has booked both Ano cambrics and voiles, whilst there has been a limited demand from Colombo for both white and grey shirtings.

Egypt and the Near Eastern cen- tres remain quiet but a better trade has been done in high class prints and fancies for West Africa.

The general Improvement in South African business has been maintained, and some nice lines of drills and dress fabrics have been: sold.

South American demand tends to Adhampics expand although in the majority of

cases offers need improvement.

Bingaporn Tantals Taormina

Monte Karla

Karila

Munich

Vinico Yolobama Zurich

Montreux

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

All classes of Commercial Banking Fransactions. undertaken.

Person&l

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880.

investment accounta

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office...Shanghal Capital

· Restye Branches

Foreign

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

.All Important Gities in China AMA Exchange

and General Banking Business transacted.

Current and Saving Accounts opened The Company offers to intending and Fixed Deposits received for one Travellers the use of its Travelers ear or shorter periods at rates which Cheques and Letters of Credit and will be quoted on application:

Capital (fully paid-up) Yen.100,000,000 Reserve Fund... Yeb.125,800,000 its thoroughly equipped Travel De

Head Offen-YOKOHAMA

Branches und Agencies at:

Alexandrin

Batavia

Dairen (Dalny)

Nagasaki Nagoya New York

Osaka

Rangoon

(Mukden} - Rio de Janeiro,

Hankow Harbin

Bong Hone Heinking Karachi

Henglata

Kobe

London

Los Angeles

Manila

Molto

SanFranciaco Sextile Semarang Shanghai

Singapor

Boerabaya Bydney: Tiantain Tokyo Taingtan Yingkow

Interest allowed, on Current

· Deposite-ruozfvad for stad

In addition, the world-wide services

[partment.

E. W. DUGGAN, T

Manager,

THE WING ON BANK; LTD, HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Basiness of every description transact-

-- Current Accounts 2.

* opened,¦ Special Deposits received at special rates, and Fixed Deposits received for ODS THAT or shorter period at rates which will be quoted on application

Boxes

(various - mizen)

Safe Deposit Ae-for-hire PHILIP GOCKCHIN

Chief. Manager

sà rươka to be obtained on application. L-GOCKCHINE

G. KISHINAMI,

S7 Assistant Manager

LI SHU FONG

KODE 17th March, 1085

SOU Z. CHANG,

kita Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office Av...Tal 28568 Foreign Exchange Dept. General Office Cashier's Once

88660

23667 31669

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED 2. (Incorporated in China) Capital paid up ... Reserves IVA Capital Savings Dept. $800 Reserve Bavings Dept

$8,000,000.

Head Offer÷÷8%aa/

A Bank having na šta Industrial development and the fostering of 'cial relations abroad

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banks.

H.K. Hank $1300 b: H.K. Bank (London) 150 Chartered Bank $153⁄41⁄4 a bat Mercantile Bank A. & B. 81% Mercantile Bank C, £181⁄2 n. Bank of East Asia $851⁄2 n. Am: 0. Finance Corp., Sh.$20 China O. Fin. Ord, Sh. $1.80 n. China O. Fin. Prof Sh. $435 n.

Insurances.

Canton Inc. $260, n.` Union Ine. 4415 b., $417 sa. China Underwriters 81% n. China Fire Ins. $490 n. H.K. Fire Ins. $220 b... International- Assce. Sh. $5

Shipping.

Douglages $39% n.. H.K. Steamboats, 87% n... Indo-Chlúas (Praf.), $80 n. Indo-Chinas (Def.), $88 m. Shells (Bearer) $47/3 n. Union Waterboats $123% .

Mining,

Antamoks 88 cts. . Balatoes 848 n.

Baguio Gold 89 cts. n. Benguet Consolidated $14 ni Benguet Exploration 15 cts, D. Benguet Goldfeld 10 cts. n. Big Wedgs, 10 ctx. n. Gold Creek 88%1⁄2 cta, ni. Gold Rivers 17 cts. sa. Ipo Mining $1. Itogans 42 cts. ni. Salacots 16, eta, n Kailan (Single) Sh. 15/ Langkata (Single) Sh. $15 n. S'hai Exploration Sh. #5 n. S'hai Loans, Sh. $6.n. Raube $51/6 Ex. div, sa. Venz; Golddeld $5 n.

Docks, etc.

H.K. Wharves $101

n

NEW YORK STOCK

EXCHANGE

No Hope Of Further Rally At Present

SPECULATIVE SENTIMENT KEPT IN CHECK

In their market report, Mesura. 18. E. Levy and Company, corres- pondents for Messrs. White Weld and Company New York state:

"Stocki → Week-end, naws ·dia- pelled any hopes of the continua. tion of the modest rallying tenden- cles in evidence at the close of last week. The same uncertain- ties as previously mentioned in our cables continue to weigh

X heavily on speculative sentiment

However, there was no general weakness, and the light volume of trading to-day is possibly encour [aging. Business done-690,000

shares

"Grains: The markets lacked buying power and the rallies" are likely to prove shortlived. Total sales:Wheat: -12,308,000 bushels, Corn: 8,268,000 bushels..

fContinued on Page 10)

COMMODITY PRICES

The following quotations have been received by Reuter. New York Colton:-

Mar. 17. Mar, 18.

THURSDAY TO SATURDAY

at the

NEW ADVERTISEMENTS

ALHAMBRA INSTITUTION OF ENGINEERS

and continue from SUNDAY at the

CENTRAL

THEBOÔK THAKALE THE WORLD TREMBLE This Great Wanae dio - pl taal

KAY

FRANCIS

LESLIE

HOWARD

BRITISH AGENT

March

-10.84

10.29

May

10.01

10.35

July

10.96

10.45

October

10.53. 10.07

December.

10.55 10.12

IN

January (1986),

10.60

10.16

Spot

11.20

10.65

New York Rubber:-

March

11.08b 10.62

May

11.10 : 10.65

July

11.25 10.78

September

11.40 10.95

October

11.46

11.02

December

11.65

11.18

Chicago Wheat:---

..

May.

921⁄4

91.

July

89%

882

n. Cum rts. September .... 89%

883%

Chicago Corn:

May.....

7736

76%

July

78%

-721⁄2

American Asiatic Underwriters

September

*70*4

70

|Winnipeg Whest:-

May July

··83%

82%

Head Office

8284

8234

New York Bugar:-

17, The Band Shanghai

March MBY

July

Sept.

[Dec.

H.K. Dock $94 89 Providents (old), $1.20 n. Providents (new) 20 ets. n. Hongkows, 8h, $809 h.2 New Engineering Sh. $5 s. S'hal Docks, Sh. $120 n.

Cotton Mills, Ewo Cottons. Sh. $825, S'hai Cotton (old) $74 n. S'hai Cottons (new) $45 n. Zoong Sings Sh. $9.80 m.. Wing On Textiles, Sh. $55 m. H.K. Wharves rights #20 1. H.K. Wharves ex rights $98 n.

Lands, Hotels, etc. H.K. and S. Hotel $4.70 s, H.K. Land $40, n. **

Old New Old: · ‚„New 2.06b 2.05b 2,13b 2.08b| 211 2.10 2.14: 2.14 2.17 2.17 2.21 · 2.20 2.22 2,22 2.26 2.25. 2.28 2.27 2.32 2.80-

H.K. Land 4% Debentures New York Silk:~~~

102% n.

March

Shanghai Länds Sh.4201⁄2 n. Metropolitan Lands Sh. $12.20 Humphreys 191⁄2 n...

May

m.

July

Montreal Silver:--- March

H.K. Realties $5.10 m. Asia Realtles "A", 8h. $100 z. Asia Realtles. "B" Sh. $15 .. Chinese Estates $98-n. China Realties Sh, $9.60 n. China Debentures Sh.$128 n.

Public Utilities H.K. Tramwaya 318 s. and n. Peak Trams (old) $8 n. Peak Trams (new), $5 B.

Star Ferries $89 n.. Yaumat! Ferries $22 n.

C. Lights $9.60 by $9.60 82, H.K. Electrics $65% 8, $65%1⁄2/6|

sa.J

Macao Electrics $25.n. Sandakan Light 8 E. Telephone (old) "$24 n. Telephone (new) $10 n. China Buses Sh. #1840 n.. Singapore Traction 10/8 n.. Singapore Pref.: 20/6.n,

Industriais Malabon Sugar $811⁄2 D.--. Cald: Macg. (Ord.), Sh: $18 n. Cald: Mack. (Pref.), Sh. $16 n. Canton Ices $23 m. Cements converted $7.80 s. ILK. Ropes $8.65 m.

*Stores, etc.- Dairy Farmis $19% n. Watsons $84 a Lane, Crawfords $8.75′′n. Mackintoshs, $21 m. : Sincares #8 n

· Wm. Powells, 70 cfsan, da Wing On (H.K.) $105 m. Mark Miscellaneous, ⠀⠀

H.K. Amusements $1.85.n. Entertainments. #7. ma 8.0. Enterprises $1.35 n... Macao "Greyhounds," $2 n. Constructions (old) $1.70 n. Construction (new) 50\ cta, n Vibro Piling $57 Ch.. Govt. 5% 925 G#B41~

H.K. Govt 4% Loan, 64% prem.

ILK Govt 82% Loan 2% pran

Wallace Harpers, 37

May July

September

New York Metals:

Copper, March

Tin March

b-bid..

1.28! 1.27% 1.26% 1,262

·1.2014 1.255

59.75. 59.75 59.56 59.75.. 60,85 60,50 61.20 €0.90

Mar. 14. Mar. 18,

5,92 6.78 10.60 45.60

Reuter.

LOCAL DOLLAR IMPROVES

Silver Prices Advance

The local dollar has, advanced , opening on demand this morn- ing at 1/11%.

Spot allver, improved 4, being quoted at 27%, while, forward sil- ver advanced 8/16, being quoted at 27-7/16.04

}: The London on New York cross- rate was quoted at £—U.S.$4.751⁄44, as compared with US$4.79, while the New York on London rate was quoted at: £ U.S.$4.76%, as compared with £--U.S.84.80%.

[RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs, H., B. Joseph and Com- pany have received the following Strafts - currency quotations from Singapore for Raw Rubber.........

Spot: 17 down 1 cent. April-June-18 down 1

Cent

down

Is It Insured?

Insurance - All - Classes

LOWEST RATES.

Fed." Inc., USIAI |

· Genera): Agenta

B.K. Office

Asia Lifa Building

TeL 30234

►◄ Bring Your PRINTINGĮ Problems to US-

THE NEWSPAPER ENTERPRISE LTD.

Diamonds

"BOUGHT, AND SOLD ¿LOANS 'GRANTED Valuations free of charge.

AND SHIPBUILDERS OF

HONG KONG ."

EMBERS are reminded that

M the ANNUAL DINNER of

Institution will be held in the Rooms on Friday, 22nd. March 1985 ot 8 o'clock p.m. :

Dress-Dinner Jacket.

'J. P: A.DAVIS,

Hon. Secretary,

PUBLIC AUCTION

TRE

HE undersigned have received instructions from M. J. Quish Esq. to sell by Public Auction

Thursday, the 21st March, 1935 commencing at 10 a.m.

at No. 548, The Peak

A Quantity of Beautiful Plants and Palms in pots, Garden Tools etc., etc.

On View from Wednesday the 20th, March, 1935.

Terms: Cash on delivery.

'LAMMERT DROS,

Auctioneers.

Hong Kong, March 19;: 1935.

XEXEIXE=XXARXE

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

Hour Long

Tel. 302

Gold Articles

BROKEN OR USELESSÄ (rings, brooches, bracelets; watches,

· dental-plates, medals, trinkets, cuf-» links,' cigarette cases, pursss, vote.) HOUGHT AT HIGHEST PRICES,

M. BERAHA - Diamond and Gold Merchant Asia Life Building 14, Queen's Road Central.

S. E. Levy & Co.

7. ICH HOUSE. STREET

INVESTMENT BANKERS & BROKERS.

MEMBERS

NEW YORK COTTON EXCHANGE

COMOJODITY EXCHANGE, ING.

CHICAGO_BOARD OF TRADI.......... CANADIAN COMMODITY EXCHANGE, IND

VREESPONDENTS' FOR