1935-03-22 — Page 6

BANKS

THE CHARTERED BANK OF INDIA, AUSTRALIA & 'CHINA.

20,000,000 Incorporated by Royal Charter, 1833.

HONG KONG AND SHANGHAI BANKING CORPORATION Authorized Capital. $50,000,000 Issued and Fully Paid-up. Reserve Funds:-

Sterling

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

MEAD OFFICE, KONGKONG, BUAHD, OP DIRÉCIONS.

HEAD OFFICE: LONDON

Paid-up Capital 20,000,00 Reserve Find

Reserve Liability of Pro-

prietors

$2,000,000 .£8,000,000

£3,000,000

pfletora

*, H. Dealwell. Esq.

*Chairman,

C. A, Ridgħi, E.

Deputy Chairman

W. H. Bell, E, K. S. Morrison Eng.,

A. 11. Compton Es

Hon. Mr. J. J. Paterson,

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

ANDY

Alor Braz Amrital Bangkok

! Belaria

Homlay

Agencies and Branches:

Spok Karch

Kobe

Rangoon Saigon Bemarang Bertaba *hanghai fin topon

Colectia

Canlex

Lumpur

Sila

Cabu Colorate

Campoes

Kuching

Хомгану

Kadr

Taiping

Mazlla

Tento

m

Haw Tork

Jungsak

(Date)

Pulping

14

(Peking)

Dall T. E. Peares Esq.,

BANGKUR

BATAVIA BOMBAY CALCUTTA

LYDNE

MANILA

G. Miskin, Esq.,

V. M. Graybar, keq.

Chief 'Manager.

BRANCHING:-

KUALA LUMPUR LONDON

MALACCA

CANTUN CHEFU COLOMBO DAIREN 7UOCHOW

MGAR (Joberei

NEW YORK

RAIPHONG

LAMBCHO

MANKOW

IKUIN

NOCER

110

1

<OB

TEWECON

PLINING

PENAKO

BANON.

FAIGON

HAN FRANCISCO

SHANGHA

SINGAPORE

HARATA

SENIE PATANI

TENTOTH

TURYO

THIRUTAO

YOKOHAMA

tast áccounts spared in 300 Currancy Pita Deposite Faceived due pun, TURC OF 11142 patiode is 1.oal Company and Starling

irror which will equated on applications Bong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

• Sales of the spots at condens by S HONG KONG AND SHANGHAI 1ING CORPORATION.

sted of application.

Hula may be

THE HONO RONG AND HANOIAI KING CORPORATION

P. M. QAYNURN,

Chal Manip Hong Kong, 25th February, 1936.

THE BANK OF EAST ASIA,. LTD.

Aniborized Capital Paid-up Capital

$19,000,006,00

Bore and Undead Pro F3,454,900.00

Low

HEAD OFFICE-HONG KONG

12 Dee Van Road Catal

ARD OF DIRECTORS)---

1. Shouton Chow, Chairman.

Yokohama Zamboangs!

Hamburg

Hubs Tour Xem

Foreign Exchange and General Banking buic teanlastad.

Current Accounts, opanad and Fixed Deposita recelead for on year or shorlar parlade al rei which will be quoted-on appliraison.

A. BREARLEY.

Manager. Hong Kong, lat. January, 1935.

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

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

OUR SAFE DEPOSIT VAULT

THE CHINA-MAIL, FRIDAY, MARCH 22, 1935

Commerce and

Finance.

LOCAL DOLLAR ADVANCES

Silver Prices Improve The local dollar advanced opening on demand this morning at 1/114.

Spot and forward silver prices also improved, being quoted at 27-8/16 and 27-5/16, respectively.

The London on New York cross- rate was quoted at £-U.S.$1.76, as compared with U.S.34.76%, while the New York on London rate was quoted at £-~U.S.$4.761⁄4, as compared with £-U.S.$4.763⁄4-

NEW YORK STOCK EXCHANGE

Reuter Quotations

March 24: The following quotations from New York have been received by Reuter

Last.

10.15* 11.00

4.58 4.7674 4.76

10.79

30.74 10.75 10.40 10,38 10.34

NY/London IN.Y. Cotton

July

located on the Mezzanine Floor of Our New building is Specially Con- Oct. structed to provide all of these Im-NY. Rubber portant Qualities.

July

4.

#G[P

You may obtain a Safe Deposit Sept. Box in this most up-to-date Vault for [C. Whent May 93% your own use at a very moderate Ran-⠀⠀ July {ial.

C Eq. T. 1. Iwck, Ing. WODK.

Tas Tou. Lay hen Ching Ekah. Zaqa

32. Rad.. Wour th. Foo, Fay, and a

Pay Zag

In Tong Tu Esq. Chief MasaJEP. LT For Cod, Manager</

BRANCHES AND AGENC128

busty

Bila

Bombe

Saski

New York

E

Bestila நிசகைகமதி

Singapore Scubapa

phang

Pa

1

Будват Taibola

Геявод

Kale

Rangoon

Thantin

Keskuse

Saigon

Lea

Fon Fraunho

Tokyo

Yokohame

Brat description at Bakland Exchange bel racected. Losor granted us appromd securities.

Catrant Account med i Leral Curzono

Pine Beposite molved for us skorter priods, Is Loral and Foralga Currencias

rm which it be quod om splitom.

KAN TONG Fo,

Chief Manage.

Bale Thepeal De Te Zel

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

Des Voeux Road, Central..

.91%

C. Corn May 18%

W. Wheat May 84- STOCKS:

LOCAL SHARES.

TO-DAY'S QUOTATION »

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

Banks...

H.K. Bank $1305 ao.

Chartered Bank £15 n Mercantile Bank A. & B. $814 Mercantile Bank C. #1834 a Bank of East Asia $857 1. Am: 0. Finance Corp., Sh.320 China O. Fin. Ord., Sh. $1.80 n. China O. Fin, Préf Sh. $44 m.

· Insurances. Canton Inc. $260 n. Union Ina. $415 b. China Underwriters $11⁄2 . China Fire Ins, $400 n.. H.K. Fire Ins. $220 n. International Assce, Sh. $5.

Shipping.

n

NEW YORK STOCK

EXCHANGE

Buying Of Utilities

Begins Again

RUBBER PRICES LOOK LIKE GOING' LOWER

In their market report, Mesara.

S. E Levy, and Company, corres-

MANCHESTER WEEKLY MARKET REPORT

Gold Clause Verdict Effects

CHINESE TRADE ENTIRELY

AT A STANDSTILL

Messrs. James F. Hutton and Co,

NEW ADVERTISEMENTS

THE HONG KONG AND SHANGHAI HOTELS,

LIMITED.

(Incorporated T Hong Kong)

TOTICE IS HEREBY GIVEN

NOTI

that the Ordinary Yearly Meeting of Shareholders of the Hong Kong and Shanghal Hotels pondents for Mesars. White Weld Ltd. report, on February 20, na Limited, will be held at the Regis- and Company New York atatci- Ifollows:

tered, Office of the Company (Ex- "Stocks: The growing evidence of

The advance in raw cotton rates change Building. Des Voeux Road opposition to destructive legislation that has followed the Gold Clause day, the 25th day of April, 1935, Central, Hong Kong), on Thurs-

is becoming more effective and

H.K. Bank (London) £1284 n. brought buying of utility issues to decision in the United States courts at 11.30 a.m., for the purpose of day, which reversed the trend of has brought about a vastly increased receiving a Statement of Accounts the entire market though the enquiry for prices, but most of this and the Report of the Board "of strength is considered to be largely is regarded as price-testing, and is Directors for the year ended on technical. It is too early to predict not expected to lead to any substan- the 31st December, 1934, confirm

ling the appointment of two Direc- n.the eventual outcome of the Utility

Bill, and we would caution against tial increase in business for either tore. and re-electing a Director buying on the strength of the mar-cloth or yarn just yet.

and the Auditors. ket, but we believe that chances are in favour of further moderate ad- vances. Business done:-890,000 shares.

"Grains: Crop damage claims are cover cost of production, but the elusive. appearing earlier than usual. Ad-general opinion is that when the verse weather reports are now more market has settled down, now that important, on account of previous drought conditions. We favour pur- chases of wheat and corn backs for trading profits. Total sales: Wheat: 19,062,000 bushels, Corn: 8,925,000 bushels.

D.

Douglases $39% n. H.K. Steamboats, $7 Indo-Chinas (Pref.), $30 n. Indo-Chinas (Dof.), $38 a.. Shells (Bearer) $46/10% n. Union Waterboats $121⁄2 n.

Mining.

Antamoks 84/95 cts. 8.

11.24 11:30 11.0. 1138 11.25

11.17

Balatoes $43 n.

DSL

Baguio Gold 89 cts: n

914

Benguet Consolidated $14 n.

Benguet Exploration 15 ets.

n.

8414

Benguet Goldfield' 10 ets, m.

Amer Smelting-

Con Gas N.Y, 17 Du Pont

175% 174

Big Wedge, 10 eta . Gold Creek 381⁄2 cta. n.

87%

87%

Cold Rivers 17 cts. n

Elec Bond & Sh 4%

44

General Motors 28-

273%

27%

Ipo Mining $13⁄4 n.

Int Tel & Tel. 6

5

5%

Itogans 42 cts. n.

Salacots 16 cts. n.

Montgomery W. 23%

231⁄2

234:

Kailan (Single) 16/-fi.

Head Office: Hong Kong.

Nat Distillers NY. Central

264 12 M

271

27

12%

12

Langkats (Single) Sh. $15 2.

Standard Oil NJ 375-

37%

S'hai Exploration Sh. $5 n.

$11,000,000 U.S. Steel

271

2741

2774

Paid-up Capital

8,655,000 32,170,497

S'hat Loans, Sh. $6 n.. Raube $5.15 n.

THE BANK OF CANTON, LTD. Loew's Inc 3414

Established 1912.

Authorised Capital

Tote Resources

Branches: Canton, Tolahan, Shanghai, RAW RUBBER PRICES

Hankow, Bangkok & San Francisco,

London Bankers: Lloyds Bank, Ltd., Latest Quotations From

Foreign Exchange and Banking business of every discription trans- acted.

Current Accounts opened and Fixed ji- Deposita received for one year or

Singapore

Messrs. H. B. Joseph and Com-

shorter periods at rates which will be pany have received the following quoted on application.

Safe Deposit Boxes (various skes) Straits currency quotations from

fer, hire.

LOOK POONG SHAN,

THE

Chief Manager

AMERICAN EXPRESS COMPANY,

INC.

Head Offee:-65, Broadway, New York

Singapore for Raw Rubber.

Spot 174 down. April-June 18% down %. July-Sept. 19 down %. Oct.-Dec. 20%.

Market: Uncertain.

Selling prices 14 cent higher on all positions.

Venz; Goldfield $5 n. Docks, etc.

II.K. Wharves $98, s. Cum rts. H.K. Dock 1934 n. th Providents (old), 81.20.n. Providents (new) 26 ets. n. Hongkews, Sh. $309 m. New Engineering Sh. 85 s. S'hai Docks, Sh: $120 n.

Cotton Mills. · · Ewo Cottone Sh; $8.30 s. S'hai Cotton (old) $74 n. S'hal Cottons (new) $45' n. Zoong Sings Sh. $9.30 h. Wing On Textiles. Sh. $55 a. IK. Wharves right.$13 s. H.K. Wharves ex rights 307-8. Lands, Hotels. etc. H.K. and S. Hotel $4.40 8. H.K. Landa $40 n. H.K. Land 4%

It appears that the position has... The Transfer Books of the Com- been further complicated by the at-pany will be closed from Saturday, tempt on the part of spinners to 25th April, 1935, both days in 13th April 1935, to Thursday.

the Gold Clause is out of the way, on set a better trade will develop

By Order of the Board

FC BARRY,

Secretary,

Hong Kong, 20th, March, 1935..

THE CAGED FAMILY

Each Woke Up To Find Himself Locked In

i

India and Far East. There has been a fair enquiry "Cotton: The market was thin, from India covering a wide range and sensitive, owing to Washington of fabrice, which included chootles, developments.

fine and medium mulle, sutines, "Rubber: Factory buyers have voiles and fancies. Considering the ]withdrawn from the market and weight of enquiry the offers received looks as if prices will work lower, have been disappointing, and where unless restriction quotas are tighten-business has been done, it has usually Jed. Total sales:-585 leta.

been for very moderate lots. How- "Flash: Brokers' Loans have de-lever, one or two fait lines of mulls creased by $69,000,000,"Reuter, are reported to have been secured

E. A. Pierce And Co's Report for Karachi and Calcutta, whilst early one morning last month, at In their market report, the white yarn dhooties have been taken his home in Dingwall-avenue, American Oriental Finance Cor-for up-country: poration, correspondents. for Messra. E. A. Pierce and Company of New York state:

:6

(Continued on Page 10)

COMMODITY PRICES

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

March May

September

October

*

EARLY ONE MORNING LAST MONTH

When Mr. F. A. Ellis, awoke

Croydon, he found that his bed- China has remained practically room door was locked from the out of the picture; an isolated en-outside.

He shouted, and hammered on

quiry has come to hand from Hong Kong and Shanghai, but only for the door. negligible quantities.

A little business has been done' iu

mand for Rangoon has resulted in specialities for Singapore, while de-

the placing of moderate lines of

Mar. 20. Mar, 21. lawns in the better qualities. :

10.66: 110.73

10.79

July

October

December

[January (1986); ;

10.64 10/75.1 10.77 F 10.40 10.85 10.48- 10.44 10.52

[Spot....

11.00

10.46. 11.05

New York Rubber:---

March

May

July

11.08 10.62 11,11 10.65 11.24 10.76 11.38. 10.93

∙11.44

11.00

December

11.64

11.18

Chicago Wheat:-

Debentures

May July

934

94%

91%

914

September

31

91%

Chicago Corn:-

787%

78

BRANCHES:-

July

74%

734

Amber Antwor

Genos

September

71%

70

Albena

Ben1

Berlin Hom

The Hague Hamburg HATT Haldelberg

Winnipeg Wheat-

May

84

844

Chinese Estates $93. n.

Foochow, Han-

Влизай

Interlaken

Brussels

Cairo

Londos

Catrulta Casper

Liverpool

LuPRE

| Executive Yuan.

China Realties Sh. $9.60 China Debentures Sh.3123 n.

Public Utilities “

July New York Sugar:—

8234

83.A.

March

Old New Old ̈ New 2.122.09b.2.19n. 2.065

Lugune.

Lazor Macallan

Monte Carle Manila

Fluana Varios Tokohama Zurich

Chairman of the Commission,, ze- sumed his duties on Monday.— Cheklal Agency.

Peak Trams (old) 281⁄2 n.

May

Peak Trams (new), $6 n..

July

Star Ferries $89 n.

Sept.

"

Yaumati Ferrles $22 n.

Dec.

THE BANK OF TAIWAN, LTD. Bead Ore: Taihoku, Formosa, Incorporated in Japan by. Special Imperial Charter, 1899. Central Bank of Formosa, Nolen

iued Average amount Y.45,000,000

Branches and Agencies, Japan:--Kabe, Osaka, Tokyo, Yoke- hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Talto, Takeo, Tamzui, Toon, Karenko. KAKI,

Heilo, Giran, China-Amoy Canton,

kow,

Swatow Shanghal Others: Bombay, Hong Kong, London,

Samarang, Soerabaya, Dalren.

New York Singapore, Batavia,

On and after April 20th, 1984, the e of Interest on Special Current Tposit will be at 1% p.a, on daily bance and the rate for balance over $900 will be quoted on application (Maximum rate-14).

Y. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central..

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1889

Capital Surplus Reserves

Copenhagen Publ Pdinburgh.. Florear

ORDUYG

Jersle

Manch

Monive

.U.S.$6,000,000.00 2,087,112,69 1,095,528.31

Haplos Please Paris Pripia; Palermo Rotterdam Roma Shangha Sonthaplom Hin paper Tientals. Termine

Branches of American Express Com-

EXECUTIVE YUAN'S

NEW ADVISER

Mr. Shih Ching-yang Appointed

Nanking.

Mr. Shih Ching-yang, formerly Chairman of the Mongolian and Tibetan Affairs Commission," has the been appointed an adviser to

102%

Shanghai Lands Sh. 816 n.

Metropolitan Lands Sh. $12.20 D. May

Humphreys $91⁄2 n..

H.K. Realties $5.10 n.

Asin Realties "A", Sh. $100 m. Asia Realties "B" Sh. $15 n.

-General-Huang-Mu-sung-the-new-H.K. TramwaysTM $16.90 n,

pany In Principal cities of United THE CHINA & SOUTH SEA BANK,

States of America and Canada.

All classes of Commercial Banking Aransactions undertaken.

Personal investment accounts handled.

LIMITED

(Incorporated in China) Head Office.Shanghai

Capital

Reserve

Branches

..$7,500,000:00 $1,500,000.00

All Important Cifles,

In China The Company offers to intending Foreign Exchange and General Travellers the use of its "Travelers Banking Business transacted. Cheques" and Letters of Credit and, Current and Saving Accounts opened _Capital (fully paid-up) Yen.100,000,000 addition, the world-wide services and Fixed Deposit received for one Reserve Fund..... Yen.125,800,000 bf its thoroughly equipped, Travel De-year or shorter periods at rates which

¡partment.

will be quoted on application.

SOU Z. CHANG,

Manager, HONG KONG BRANCH: 24, Des Voeux Road, Central, Manager's Office .Tel. 88555 Foreign Exchange Dept. 22685 38557 39589

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berin

Bombay

Calcutta

Caston

Nagasakt Nagoya

New York Osaka Pelping

Dairen (Dalny) Rangoon

Fengtien (Mukion) Rio de Teneiro Hamburg

Hankow Harbin

Hong Kong

Honolulu Hinking

Karachi London

Kobe

San Franciaco Seattle Semarang Singapore

Shanghai

Soerabaya Sydney, Tientala Tokyo

E. W. DUGGAN,

"Mara ger,

THE WING ON BANK

LIMITED

Head Office: Hongkong," 28, Des 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 Savings Accounts opened. Fixed Deposits received at rates which will be quoted on application. Spe

rates given for Intucant allowed on Ursat As

ander Deposita voceived for fired TarlodsTrusteeship and

Los Angeles

Manila

Moj

Special depo/ REPROG

ab rates to be obtained on application. aken, Safe Deposit Boxes for hire.

Manner

Hong Kong, 11th March, 1935.

General Office

Cashier's Office

THE SHANGHAI COMMERCIAL

&SAVINGS BANK LIMITED

(Incorporated in China): Capital paid up **** Reserves

Capital Bavings. Dept Reserve Savings Dept. 3000,000,

Head Office Sh

A Bank having as its Industrial development. and the fostering of

relations abros Hong Kong olde

PHILIP GOCKCHINcial

Chief Manager

D. GOCECHINOLA SHU FONG Aut Manager Asst. Manager

C. Lights $9 b.,

H.K. Electrics $654 8. Macao Electrice $25 n. Sandakan Light $9 s. Telephone (old) $23 aa, Telephone (new) $10 n. China Buses Bh: $12.40 n. Singapore Traction 10/3 n. Singapore Pref. 20/6 n..

Industrials Malabon Sugar. $81⁄2 n. Cald: Macy (Ord.), Sh. $18 n. Cald: Macg. (Pref.); Sh. $16 n. Canton Ices $23⁄41⁄44_n. Cementa converted $7, s. H.K. Ropes $5.65 n... Stores, etc,

Dairy Farma $19 n.. Watsons 38

Lane, Crawfords $8.75 £. Mackintoshe, $21. Sinceres $8 n Wm. Powells, 20 cts. n.' Wing On (HK) $105.

Miscellaneous.

H.K. Amusements $1.85 n Entertainments. $6.40:.. 8.0 Enterprises: $1.55 m. Macao "Greyhounds"? #2 n. Constructions (old) $1.70 me Construction (new): 50 classm Vibro Piling 85, nurs

2.13 2.13 2.10 2.00 2.20 2.19 2.17 2.17 2.25 2.21 2.22 2.21

2.81 2.29 2.28 2.28 [New York Sik:~/

1.28% 1.28/2 1.28 1.28 1.27 1.27

March

Mny

July

Montreal Silver:—

March

May

50.65 69.70 69.65/90 58.60

July

60.10

60.00

September

60.75

60.80

New York Metals:-

St. Mar, 18. Mar. 21.

Copper January. ? Tin January

6.71 44.80

bbid,

LUNGHAI RAILWAY

PROGRESS

Entensions Planned For Two Years Ahead

Construction work on, the west- ern section of the Lunghat Rail-- way is proceeding, apace and the [train service will be extended: to Halenyang west of Stan before October this year, according to information from the Ministry of Railways (Date

Plans are now under way for the extension of the line from

Ch. Govt. 5% 1925 G8Bds-Helenyang to Lanchow, provin-

982% ni M

HK. Govt. 4% Loan, 6% %

H.K. Govt. 8%% Loan 2%

allace Harpers 87 1.

cial capital of Kansu but in) view of the great distance be tween the two points and prem difficult nature of the work,

jestimate that it take at

least two year

Other Markets

Other members of the house hold shouted back:

"All right.". "Coming."

"What's the matter?"

All jumped out of bed, tugged. at their own doors-in vain.

Every one of the five bedroom doors had been locked! Offers from Egypt for bleachers They saw signs of disorder in have been absolutely hopeless but their rooms. Many things were odd lots of mulla are understood to missing.

have been placed. Finishing styles. When neighbours, eventually have been placed for the Near East, released them they found that and prints for West Africa, though burglars had stolen valuables there still remains little demand from every room. Two burglars from the latter.

apparently two glasses wera found beside an open bottle of The Dominions have continued to whisky downstairs."

lend moderate. support, and fancies have been booked fra South Amer-

lea and the United States.

Cintinental demand has been

restricted chiefly to dyed fancies s It Insured? ?

for Scandinavia and a few fine]

Switzerland, but a fair variety of

fabrics have been in

Home Trade purposes.

demand for

KIANGSU FINANCES

IN BAD SHAPE

Insurance --"All Classes

LOWEST RATES

· American -Asiatic Underwriters Fed. Inc., USA. General Agenta

Head Office

Loan Of $1,500,000 Asked 17, The Bund

From Shanghai Banks

Chinklang.

In view of the stringency of the provincial treasury, the Kiangsu Provincial Government is negotiat ing with Chinese bankers in Shang hai for a loan of $1,500,000 with the receipts of the provincial business tax, as security. The loan, is to be redeemed in eight months.-Chekial Agency

Shanghai

H.K. Office Asia Life Building

Tel. 30234

Bring Your | PRINTING.

Problems to Us

THE 'NEWSPAPER" ENTERPRISE. LTD. ORINA, BAN' BLOK",

S. E. Levy & Co.

MEMBERS

37, ICH HOUSE STREET

WHATMENT · DANKERS ́A

DAOKKES

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC.

CHICAGO BOARD OF TRADE CANADIAN COMMODITY

'EXCHANDE, INC.