1935-03-20 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION" ·

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

20,000,000 incorporated by Royal Charter, 1853.

Authorised Capital .................. $50,000,000 Issued and Fully Paid-up a Reserve Funda

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

prietors

·HELD OFFICE: RONOKONO. BOARD OF DIRECTORI.

H. H. Doswell, my,

Obsirian.

HEAD OFFICE: LONDON

Paid-up Capital

20,000,000

Reserve Fund

#3,000,000 £8,000,000

Reserve Liability of Fro-

prietors

.£3,000,000

Agencies, and Branchens

Aler Bar

Americ

Ipok

Haydon Palgas

0. C. Knight, Big,

Dosko

Karookl

Datavie

Fla

Deputy Chairisa,

A. H. Compton Esq.,.

Hon, Mr. C. G. S. Mackle,

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

llon. Mr. J. J. Pater

Bomber

Kobe

Kusja

Paterson,

Cantos Cawnporn

Lamy

Xucking

Colu

Mudra

Taiping

Carlow

Man

Delbl

Tepstak

Halpanag

New York

Thuler)

flambary

Palping

Taingto

Tokobams Zamboanga

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

3. M. Grapharm, Reg.

ANOT

BANGIOR

MATAVIA

BOMBAY

CALCUTTA

DANTON CHEYOU

COLOMBO DAIREN ZOOCHOW

HAIPHONG HAMBUBO

BANKOW

HARBIN BANGLEW

$20.1.9

EXO

701 BE

ONE

KOWLOON

Chief Managal

BRANCHES T

KUALA LUMPUR LONDON

LYONS

MALADCA

MANILA

*MUAR [Johore)

MURDER

NEW YORK

PEHTING PENAKO ILANDOON BAIGON

BAR FRANCIS00

RHANGHAI .. HINOAFER 64DRASATA

BUNDE PATANI

TIENTSIN

TUXTO

TRINGTAD

YOHOHAMA -

Curse) Acoustá opened in Local Currency sad tad Dayovite received for man zen. De shoe periods in Lost Company and Berlin ➡ars which will be quoted on sppnation.

Jong Kong, 25th February, 1935..

HONG KONG SAVINGS BANK.

The Balm of the above Buck conduct. the HONG KONG AND SHANOWAN KAYKISO CORPORATION. Bulan DAY ON pated on application.

PON THE HONG KONG AND DANGDA BANKING CORTONATION.

V. M. DRAYBURN,

Chill Masson.

Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA, LTD.

Enhorlaed Capital

............$10,000,500.00 Pop Caglia

$ 6,096,DA DO Bameeve and Undivided, Profis,($4,200.00

HEAD OFFIUR-HONG KONG

1. Des Vaux-Road Central.

BOARD OF DIRECTORS |—

Bir Who-son Chen, Chairma

Los Ckuu. Eng., P. R. Ivo, Ing., Wong In Tong, Bay. Clima Ching Bhak, Kaq., td Lao

(kng). TRENDK

Beremban Rhanba Singapore Bilan Sourchaga

flankow Barbin Roar Ro

Ford Benhaage and General Banking basis Curreal Account ofca and Maid Depot inceived for dus your ze shorise, perioda at matis which will be quoted an application,

A. BREARLEY.

Manager. Hong Kong, lat, January, 1935,

SAFETY FIRST !

To Bafeguard Your Valuablam and Jewelleries. Deposit them in a Vasli

that la really: FIRE PROOF BURGLAR-PROOF DAMP PROOF I OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- strpated to provide all of these In- portant Qualities.

THE CHINA MAIL WEDNESDAY, MARCH 20, 1935

LOCAL DOLLAR DECLINES

Silver Prices Drop-

ommerce and Finance

The local dollar has declined. opening on demand this morning at 1/11

Spot and forward silver prices declined, being quoted at 27 5/16 and 27%, respectively.

The London on New York cross- rate was quoted at £-U.S.$1.78, as compared with E-U.S.$4.754. while the New York on London rate was quoted at £-U.S.$4.184 28 compared with -U.S.$1.76%.

FINANCE COMMITTEE MEETING

$71,387 Supplementary Expenditure Tabled

Supplementary expenditure amount- ing to $71,387 will be presented for consideration at the Finance Com mittee meeting, which will follow the Legislative. Council meeting to- morrow afternoon,

The sum is made up of $37 to the You may obtain a Safe Deposit Police Force for polishing equip- Box In this most up-to-date Vault for ment; $1,600 to the Sanitary De- your own use at a very moderate Res-partment for a pier at Aplichau. Ital

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

THE BANK OF CANTON, LTD.

Established 1912·

244, Wong Chu Row, Reg. and Kan Fald-up Capital

Is Too To. 1-... Chile! Managát.

Tos Fong, E-Maonger.

BBANCGES AND LOENCIES --

Hantia

femor

Materia

Attic

Bombay

Nagi

Dalaussa

New Luck

Bo

Познава

Malphong

Bandow Elemoli

Labe

Palto

reiping.

Ponadg

Amitie Bemarang. Blang kal Singapore Soutalay

fyduny

Talboks

Напроса

Kewion

Haigos

Tokyo

Ban Francion

VALDOS Yokoha

'Brazy Everspilom. of Banking and Exchange baked. Los granted an approved

sevesilien

I

Ourreal Aroouute oped in on Currenc "Fized Reporčia, cabhrad, for den _YME shorter period in Local and Foreign Currandis an terms which will be quoted on application.

Bala Depo Botes Tu Int

RAN TONG 70,

Chia Magar,

THE BANK OF TAIWAN, L'ID.

Head Ofea-Talhoku, Formons, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

Lasund Average amount Y.48,000,000 Branches and Agencies. · ́

Japan:--Kobe, Owaka, Tokyo, Yoko

:

hame. Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan,; Taito, Takao, Tamsul, Toon, Karenko Kagi, Heito, Giran. China-Amoy, Canton, Foochow, Han-

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

New York,

Batavia, Singapore, Samarang, Boerabaya, Dairen.

Un and after April 20th, 1984, tha rate of Interest on Special Current Deposit will be at 14% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application| (Maximum rate-13%),

Hong Kong Branch

Y. OHNO,

Manager,

8. Des Voeux Road, Central. -

Total Resourese

Taland: $50,000 for the Silver Jubilee celebrations; $10,000 to charitable services, for the Little Sisters of the Poor;, $9,750 to the Sanitary Department for touring: barges..

"

MERCANTILE BANK DIVIDEND

a Final

Head Office:-Hong Kong.

The Mercantile Bank of India, Authorised Capital $11,000,000 Limited have received a telegram 8.655,000 from the Head Office in London ad- 82,170,492 Branches: Canton, Tolahan, Shanghai, vising that at the Annual General| Hankow, Bangkok & San Francisco, Medling of Shareholders London Bankers: Lloyds Bank, Ltd, Dividend of 6 per cent. on the "A"," Foreign Exchange and Banking "B" and "C" shares will be recom business of every diacription transmended (making 12 per cent. for Current Accounts opened' and Fixed the year less Income Tax)-£10,000 Deposits recelred for one year or-written off Landed and House pro- shorter periods at rates which will be perty-£172,000-carried forward to quoted on application.

Safe Deposit Boxes (various sizes)'] 1935' account.

acted.

fer hire.

LOOK POONG SHAN,

THE

Chief Manager.

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York:

Capital Surplus Reserves

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

1, Cirachurch Rineet, London, EC..

Authorized Capital

Subscribed Capital Paid-up Capital

£3,000,000

1,000,000

1,050,000

Reserve Fund & Rest. 1,247,482 DANKERS,

The Bank of England & Midland Bank, Ltd.

TRANOSES;

Nov Tork

(MAURITIUS)

Shanghai

Singapore

Kasztan (Pabang) Rimla Madras

NCSO KONG BRANCH

Brary description of Banking and Exchange busi- Desa trezanciać,

.U.5.$6,000,000.00 2,087,112.69 1,995,528,81

Bangkok Boulay

Ipob

Kandy

not mere

BRANCHES:-

Delhi

Husla Lipis

Galla

Kuala Lumpur

Amsterd Alwarp

Canos flaw

Wiles. Nica

Hong Long Flowrs

Albers

The tingue

Naples

AFAVOR

Piraeus

Beatre

Bertin

Boubay

Braman

Hamburg Патта Heidelberg Interlaken

Parla

Palplas

Palette

Brusela

Calro

Jerom Londos

Rotterdam Rome Skingha

Calretta

Táverpack

the

CADOM

Luperpa

Al

Colombo

Lugene

Tientsin

J. 1. 3086.

Copackage Lesso

Termine

Tublid

Marsalise

Vianna

Edinburgh

Monte Carl

Venice

F

Manlle

Overs

Munich

Yokohama Zurich

Manager. |7, Queen's Bond Central.

Hong Kong, 12th June, 1884. -

Kont

Travulları Cheques larmed.

Trustee and Execptorships, under- taken:

INTEREST allowed on Oursat Accounts and Fixed Deposit at Kates that may be ascertained on appletion.

Branches of American Express Com- THE CHINA & SOUTH SEA BANK, pany In Principal cities of United Btates of America and Canada.

All classes" of Commercial Banking Transactions undertaken.

THE YOKOHAMA SPECIE BANK Personal investment accounts

LIMITED.

Established 1880

handled.

LIMITED

(Incorporated in China) Head Ofice...Shanghaf Capital

Reserve

Branches

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

All Important Cities in China Foreign Exchangs and General

The Company offers to intending Travellers the use of its "Traveler Banking Business transacted.

Cheques" and Letters of Gredit and,

Current and Saving Accounts opened

Capital (fully paid-up) Yen 100,000,000 in addition, the world-wide services and Fixed Deposits received for one 'Reserve Fund

Yen.125,800,000 of its thoroughly equipped Travel De-year or shorter periods at rates which

Head Offer:--YOKOHAMA

Branches and Agineles at:

"Alexandria

Katavia

Berlin

Bombay

Calcutta

Centen

'Dairen (Dalny)

Nagasaki NAROY

New York Canka Parin

Peiplug

Rangoon Fongtien (Mukden) - Rio de Janeiro

San Francisco

Hamburg

Bankow

Harbin

Rong Kong Innolula king

London

Lou Angeles Manila

Moji

Seattle

Semarang Shanghai Singapore Soerabaya

Bydney

Tientsia

Takyo

partment,

E. W. DUGGAN,

Manager,

THE WING ON BANK

LIMITED

Head Office: Hongkong. 26, Den Voeux Road Central Authorised Capital $10,000,000

LONDON BANKERS Westminster Band, Ltd.. Foreign Exchange and every descrip tion of banking businesses transacted. Current Accounts and Bavings Accounta opened. Fixed Deposita,

will be quoted on application.

SOU Z. CHANG,

Manager. TÒNG TONG TRANG: :24, Des Voeux Road, Central, Manager's Office .....Tel: 88585 Foreign Exchange Dept. 23566 General Office in

85567 Cashier's Office

****** 08509

11

THE SHANGHAI - COMMERCIAN & SAVINGS BANK LIMITED - (Incorporated in China)

Capital paid up a

Reserves ** Capital Savings. Døyk. Rosters" Barings". Dept.

received at rates which will be quoted Head Offles--Shang on application. Special rates given for

Trusteeship and Exocatorship un

Intocast allowed OR OZITKat Ao-Special deposits,

Darauita recefeed for Axed reriods "mates to be obtained on application.

taken. Safe Depoält Roxen

OF KISHINALLYMORE PAS

201

PHILIP GOCKCHIN

under

Chief Manager paisa

Manager L. GOCKCHIN

Hot Kong, 11th March, 1085 Asst. Manager

A Bank having sa ita mianion the Industrial development – of: China and the fostering of her commer elal relations abroad jungi |Hong Kong>offeamy lis Phone

hire

LISHU PONG 2

Asst. Manager:

LOCAL SHARES.

TO-DAY'S QUOTATION:

The following is the list of local share quotations lasued to-day?—

Banks,

HK. Bank $1310 b., $1325 83. H.K. Bank (London) £130. n. Chartered Bank £154 n. Mercantile Bank A. & B. 81% Mercantile Bank C. £13. Bank of East Asia $80% n. *** Am: O. Finance Corp., Sh.820 China O. Fin. Ord., Sh. $1.80 m. China O. Fin. Pref. Sh. 341⁄2 n. Insurances.

Canton Inc. $260 n. Union Ins. $4171⁄2 -b. China Underwriters 81% n. China Fire Ins. $400 sa. H.K. Fire Ins. $220 n... International Aasce. Sh. $5 n. Shipping.

Douglases $391⁄2 n H.K. Steamboats, $74 n. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Def.), $38 n. Shells (Bearer) $47/6 n.' Union Waterboats $12.

Mining.

Antamoka 86 ets, b. and sa. Balatoes $43 n.

Baguio Gold 39 cts, n. Benguet Consolidated $14 n. Benguet Exploration 15 cts. n. Benguet Goldfield 10 cts. n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 cts. n. Gold Rivers 17 cts. n.. Ipo Mining $1. Itogans 42 cts. n. Salacota 16 cts. n.

Kailan (Single) Sh. 16/6 R. Langkats (Single) Sh. 18 n. S'hat Exploration: Sh. $5 . S'hai Loans, Sh. $6 n. Raubs $6.15 n.

Venz; Goldfield $5 n.

Docks, etc.

n.

NEW YORK STOCK MARKET

Uncertainties Stop Speculation

*IMPROVEMENT IN COTTON

EXPECTED

ment.

"Cotton: Foreign liquidation' has evidently been completed. The mar- ket is improving under trade buying and covering operations, and looks as if it will go higher....

"Rubbert Firm and active condi-

In their market report, Mesara, tions were seen. The London mar S. E. Levy and Company, corres ket closed steady. During the mor pondents for Messrs. White Wald ning there was heavy selling here and Company New York state: by houses with foreign connections. "Stocks: The market ruled The market now rules steady after steadier. Uncertainties continue to trading had been mixed.. London waigh heavily on speculative senti-houses believe that liquidation is However, there was Hoover, while the trade here feels that general weakness and the light there are still some irregularifies to volume of trading la possibly en- overcome, couraging. Business done:-510,000

"Rubber prices are not respond shares.

ing to cable advices, and we do not "Grains: In spite of dust storms expect much, If anything, on the up continuing in the South-west, buy-side in, fecent weeks. The rubber ing was not aggressive. Total market has been adversely affected" sales--Wheat: "20,987,000 bushels, by a number of unfavourable events. Corn: 12,919,000 bushels. The collapse of the Commodity Pools "Cotton: There was much short-in London led to substantial liquida covering in evidence, while trading tion, and nervousness over the pos was fair. The trend of buying was sibilities of further repercussions to confine purchases of old crops on from the decline In Sterling was setbacks. e dyt distinctly harmful to prices.

"A higher cotton market is expect. Disappointment has been express- ed, which will favourably influence ed over the failure of restriction We would caution agreements to curtail production other, markets, against bulge.buying.

and stocks at a faster rate. "Rubber: Trading was moderate. (Continued en Page 7) The demand from consumers helped a technical rally. Total sales:-537 lots.

"Coffee: Prices appear to be near the investment level. Supplies from consuming markets are low- and many growths were hedged heavily.

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

"Stocks: There were no definite. news factors, but it is obvious that] the improvement in, the technica|| position may result in a somewhat. further quiet recovery.

"Grains: There was a better tone prevailing in both the wheat and corn markets. Trading was moder- ate. May option of wheat, and corn and distant options showed frac

H.K. Wharves #101% n. Cum rta. tional gains, H.K. Dock $934 n.

Providents (old), $1.20 n. Providents (new) 20 cta. n. Hongkewa, Sh. $309 n. New Engineering Sh. $5's. S'hai Docks, Sh. $120 n.

Cotton Milla Ewo-Cottona Sh. $84. Shai Cotton (old) $74 m, S'hat Cottons (new) $45 2. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 355′ ni H.K. Wharves right $15 sa. H.K. Wharves ex rights $98.n.

Lands, Hotels, etc. H.K. and S. Hotel $4.65 8. K.H. Land $40 sa. H.K. Land 4%

102% n.

It is reported that dust stormts are still continuing in

An

Irritated

Throat?

act now-

prevent

tomorrow's

'Flu, Cold, Fever with

FORMAMINT

The Garm-lifting Threat tablets.

Obtainable at all Chemists and Store.

the South-west, while there is no s It Insured?

malature in evidence. The Winni- peg market ruled firm. Purchases of Argentine corn, are indicated, while the shipping demand for corn, and country offerings, were moder

ate.

· COMMODITY PRICES

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

March

Debentures May July

Shanghai Lands Sh.820%. n. Metropolitan Lands Sh. $12.20 Humphreys $9% 'n.

H.K. Realties $5:10 n. Asla Realties "A", Sh. $100 n., Asia Realties "B" 8k. $15 n. Chinese Estates $98 n.

China Realties Sh. $9.80 n. China Debentures Sh.$128 n.

Publle Utilities

H.K. Tramways $18 a... Peak Trams (old) $81⁄2 1. Peak Trams (new), $6 n. Star Ferries $89 n.

Yaumat! Ferries $22 n.

C. Lights 89.45 s., 39.55 88.

Mar. 18. Mar. 19.

10.29.

10.62

10.35

10.70

10.45

10.76

October

10.07 10.89

December

10.12

10.46

January (1936). 10.16

10.50

New York Rubber:-

March

10.62

10.89

May

10.65

: 10.93b

July

10.78

11.04

September.ti.

10.96

11.20

11.02

11.25

December,

11.18

11.40

Chicago Wheat:-

May

91

91%

July

882

884

September

88%

83%

Chicago Corn

May

76%

722*

73%

September

70

70

Winnipeg Wheat;

8914

October

H.K. Electrics $643⁄4 b, $651⁄4 9 July

$65/2/65 88.

Macao Electrics $25 n. Sandakan Light $8 Telephone (old) $24 n.' Telephone (new) $10 n. China Buses Sh, $12.40_n. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.

Industrials Malabon Sugar $81⁄2 a. Cald: Macg. (Ord.), 8h. #16 m. Cald: Macg. (Pref.), Sh. §16 n. Canton Ices $2. Cements converted $7.60 n. H.K. Ropes $8.65 n..

Stores etc.

52% 82% 821%

May July New York Sugar:—

Insurance All Classes LOWEST HATES - American Asiatic Underwriters Fed. Inc., U.S.A. General Agents

Head Office 17, The Bund Shanghai

H.K. Office Asia Life. Building

Tel 30234

TO-MORROW TO SATURDAY nt the

ALHAMBRA

and, continue from

SUNDAY at the

CENTRAL

THEBOOK THAT MADE THE WORLD TREMBLE in:pired this Great Warner Bros, picturvi

KAY

FRANCIS

LESLIE

HOWARD

IN

BRITISH AGENT

PUBLIC AUCTION

THE undersigned have received Tinstructions from M. J. Quist

Esq. to sell by Public Auction

ON

Thursday, the 21st March, 1935 commending at 10a.m. at No. 549, The Peak,

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

.etc., etc.

On View from Wednesday, the 20th March, 1985,

Terms: Cash on delivery

LAMMERT BROS,

Auctioneers.

Hong Kong, March 19, 1935.

SINCERES

SPRING SALE

NOW

PROCEEDING

Dec. 2.82 2.30 2.32 · 2.30

2.27%-1:29- 1.26% 1.27 1.251:1.27

S. E. Levy & Co.

7) ICH HOUSE, STREST

BAXEERS À BROKERS

March May

July Sept.

Old New Old New 2.188 2.08b 2.18 2.10 2.14 2.14 2.14 2.14 2.21 2.20 2.20 2.20 2.26 2.25 2.25 2,25

New York Sik:--

March

May

July

Dairy Farms $19 m.

Montreal Silver

Watsons $3%-¤•

March

* 59.75 ·

59.65

Lane, Crawfords $3.75 n. Mackintoshs, $21 n.

May

59.75 69.65

July

60.50

€0.85

September

60.90

60/75

BNBRAS

"b-bid."

Reuter,

Sinceres $8 n.

Wm. Powells, 70 cta. n.. Wing Or (H.K.): $105 n.

Miscellaneous.

H.K. Amusements: $1.85 n. Entertainments $7 n. 8.C. Enterprises $1.86 ) Macho "Greyhounds?” $2 n. Constructions (old): $1.70 n.° Construction: (new) 50 cts. n. Vibro Piling $5.n..........

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph and Com

Cha Govt. 5% 1925 G#Bds—pany have received the following

95%

Straits currency quotations from H.K. Govt, 4% Loan, 82% prem. Singapore for Raw, Rubber,

H.K, Govt 84% Lom 2% prem

Wallace bars SZ

Spot 18 1/4 Up 1 cent April-June 19 1/4 Up 1 cent July-Sept 20 1/2 Up 1 cent Market Sellers Reserved.

NEW: YORK:COTTON EXCHANGE

COMMODITY, EXCHANGE, INC, N.T. CHICAGO BOARD OF TRADI PA

· CANADIAN”: COMMODITY - KICHANGE; INC.

GORANSPONDENTS | FOB.

NEW YORK