1935-03-23 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION ·

THE CHARTERED BANK OF INDIA; AUSTRALIA & CHINA.

20,000,000 Incorporated by Royal Charter, 1883.

Authorised Capital .... $50,000,000 Issued and Fully Paid-up. Reserve Funds:

Sterling $ 0,600,000 Silver $10,000,000 Reserve Liability of Pro-

prietors Ne

'HEAU.OPPICE; BONGKONG, BOARD OP DINSOTOKA, 5745) Install Bag

Chairman.

CC. Khight, Bag!

Deputy Chairman

DEAD OFFICE: LONDON

Paid-op 'Capital. 20,000,00 Reserve, Fond

23,000,000 £3,000,000

Reserve Liability of Pro",

prietors

£3,000,000

Agencies and Branches:

Alor Bla

Toile

Arari

Inch

Flangon Balgon

Barako

Kensin

Flatavia

Klang.

Bombay

Kobi

Callis

Tunin

Semarang Patabas Shangbal "Singapore

A. H. Compton Esq.

Canton

Lumper

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

Carpor

Kucblog

Madra

Colombe Delki

Maryla

Madan

Bissawa Bourabaya Taiping Thin Tongka

G. Miskin Esq.

New York

V. M. Graybarn, haq

Hamburg

Peiping

To

Maakon

•~(Pak[#x)

Yokohama

Chief Manag

Hardin

Zambosu

KUALA LUMPUR LONDON

LYONN

W. H. Bell, Esq. K. S. Morrison Eaq.,

AMOT

WANG ROX

MATAVIA WOMBAY DALCUTTA

CANTON CDEFOO COLON BO

DAIDEN

POOCHOW MATPHONG

KAKBURNI WANEDW WARDIN

NUKEW

10

2003-

WLOON

T. E. Pearce Esq. iphon

DRANCHES

MALACCA

MANILA

MITAR Gobore)

MURDEN

NEW YORK

FEIFING

PENASA

RANGOON

RAFOON

HAN FRANCIADO

KHANGWAI

SINGAPORE

KOURABAYA

HUNDEI PATANI

TIENTSIX

TORYO

TRINGTAO

YOKOHAMA

Murrent decounts opened in Focal Cheremaj and Fixed Deposite roselvad for one, Jak

in Love! Company and Berking ***** periode

arme birk will be quoted on application. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

be

Baimes of the whore Faik la conduct NG KONG AND BBANOTEAT VAKING CORPORATION. Bules mar

den oppilaiton. FM TUR HOND HONG AND SHANGHAI MANKING CORPORATION

V.M. GRATRINN,

Chief NanseeY, Hong Kong, 25th February, 1985.

THE BANK OF EAST ASIA, LTD.

Boskarind Capita Welding Cabl

...$10,000,000.00

....$ 1,198,176,3N

Reserva and Unduild Pratite 92,134,900.00

BEAD OFFICE:~HONG KONG

13. Der Viz Resad Central,

PARD OF DIRECTORRI-

A hon- Chow, Chairman.

àn Ch... Esq.,

P. R. Krok. Dre.... Work

Tu Tong. F Chas Ching Rhek.

Tan

Mar Tera Wang Cha Ben, Raq, and foo Yar

Kan Tong Ma.. Glot Manager.

The Frog.co... Manager. BRANCHES AND AGENCIA

Harila

38 #summe

Neki

New York Flahe Parts

Bettin

Bangkal

Tourabaya

Sydney

Belavia

Berbay Bajentia

Balakong

Huprow

Banol

Talboky.

Tionida

Savio

Salgss

Tokyo

Tapios

Rau Francesc

Farm

Yokohama

Pripinn

Релеле

Rangoon

Every desertion at Baukon and Exekanga' bluese transeted. Lohas gracia en approved,

ur.

Hnar Te

(Euler)

THE CHINA MAIL, SATURDAY, MARCH 23, 1935

Commerce and Finance

SHARE MARKET

Weekly Report

Mr. G. A.. Harriman's, weekly share report and market review Issued at noon states:

The market during the week under review ruled much easier and prices in many sections gave way with the volume of business increasing. The feature of the weck was the sharp drop in China

For Benkaage and Gaaral Banting balights from $9.75 to $0, between

transacted.

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

Ce-

which rates many large parcels Curreal Accounta opased and Fixed Deponite} received for com year or shorter periods at of shares changed hands. which will, be quoted on appliestion.

ments again cased off and were 'on A. BREARLEY.

Manager. offer at $1.50. Hotels were mark- ed down considerably with sales reported at $4 closing with buy- ers at this rate. Providents '(old) ensed off a great deal with busi- ness done at $1. Dus also to sio support, investment counters were inclined to be casler. Hong Kong Lande changed hands at, $40, Tele- phones (old) at $23/23, and Hong Kong Electrics at $65/651⁄2 with further parcels offering at OUR SAFE DEPOSIT VAULT· |8649% Hong Kong Trams diop on the Mezzanine Floor of ped considerably with business Our New building is Specially Con-done down to $17. Wharves still structed to provide all of these had sellers at $98 eum rights.! }portant Qualities.

There was practically na 'change You may obtain a Safe Deposit Bax in this most up-to-date Vault for the Sterling, section with Hong your own use at a very moderate Ron Kong Banks wanted at around tal.

$1805 and Unions at $415... The tone of the market at the close, is

Durrect &munte oproed is Lord Murrone, and Find Deposits raced tons your sharter periods in Lonal and Foreign Currencken? ben toezen which will he mustad an "application,

Mala Deposit Borse To Let

XAN TONG PO

Chlef Weniger

THE BANK OF TAIWAN, LTD. Head Office:-Talhoku, Formosa, Incorporated in Japan by Specta) Imperial Charter, 1899.

Central Bank of Formosa, Notes

ued Average amount Y.45,000,000

Branches and Agencies,

Jaya-Kobe, Osaka, Tokyo, Yoko- han, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Teen, Karenko.

Qiran. Kagt,

Heito,

China: Amay, Canton, Feochow, Han-

kow, Shanghai, Swatow.

Jocated

DAMP PROOF!

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

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

quiet but steady,

Business during the week has been done at the following, prices:

H. K. Banks $1305/1325.- Unions $417-

THE BANK OF CANTON, LTD. China Fires $400.-

Established 18IZ'...'

Head Office:→→Hong Kong,

Authorised Capital

Paid-up Capital

$11,000,000

8,655,000 82,170,492

Total Besources *** Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & Ban Francisco. London Bankers: Lloyds Bank, Ltd.

Foreign Exchange, and Barking business of every discription trans- lacted,

Current Accounts opened and Fixed Deposits received for one Your or aborter periods av rates which will be quoted on application.

Safe Deposit Boxes (various sizes) | for-hire.

LOOK 'POONG SHAR,

Chief Manager.

Tak

AMERICAN EXPRESS COMPANT,

INC.

Head Office:-65, Broadway, New York

Capital Surplus Reserves

Ewos S$8.30/8.35.

H. K. Wharves Rights

15.00.

H. K. Lands $40,- Trems $17/17%.

China Lights $9.--/0.60.

LOCAL SHARES.

TO-DAY'S QUOTATION/

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

Banks.

H.K. Bank 81305 h. H.K. Bank (London) £1271⁄2 n. Chartered Bank £15 p. Mercantile Bank A. & B. $813⁄41⁄4 Mercantile Bank C. £181⁄2 m Bank of East Asia $851⁄41⁄2 'î. Am O. Finance Corp., Sh.$20 China O. Fin, Ord., Sh. $1.80 n. China O. Fin, Prof Sh, $43⁄41⁄2 x.

Insurances.

Canton Ins. $260 në maj Union Ins. $4171⁄2 b. and sa. China Underwriters $18. China Fire Ins. $400 n. H.K. Fire Ing, $220 n. International Anace. Sh. $5 n.

Shipping.

mi

Douglases $391⁄2 n. H.K. Steamboats, $7 Indo-Chinias (Pref.), $80 n. Indo-Chinas (Def.), 898 n. Shells (Bearer) $46/8 n. Union Waterboats $121⁄2 n.

Mining.

Antamaka 96 ets, sa.. Balatoca $43 n.

n.

Baguio Gold 39 cts. n. Benguet Consolidated $14 m. Benguet Exploration 15 cts. n. Benguet Goldfeld 10 cts. n.,

Big Wedge 381⁄2 n. Gold Creek 381⁄2 cia.'.. Gold Rivers, 17 ets. s. Ipo Mining $11⁄4 h.". Itogang 42 cta, n.

Salacots 16 cts. n. Kailan (Single) 16/8 n.

$10-Langkats (Single) Sk. $15 n.

H. K. Electrics $65/651⁄2. Telephones (old) $23.-23. Dairy Farma $194.

Antamoks 96/95 cts. Gold Rivers 17/19 cts. Yaumati Ferries $21.30/21.50. Hotels $4.25/4.30.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

1,800,000

15, Gracechurch Street, London, EC.A. Authorised Capital £3,000,000 Subscribed Capital Paid-up Capital Reserve Fund & Rest

BANKERS

The Bank of England Babykok Jpoh

Bombay!

Dulantia

4 BRANCHES,

Bandy

ALTE

1,050,000

1,247,482

Midland Bank, Lid.

Suw York

Manet

REPOR

Мандер

.U.S.$6,000,000.00 2,087.112.00 1,995,528.31

nala Lipt

GA

Kuala Lumpur

Hou Kong

Horak

BRANCHFS:

Amaterice Antwerp Athan ATMINS

Gaza Glangan

M17 Nic

The lingua

Nepla

BAYA

Pir

B

Bamberg

Paris

Palpin

Boenbe

Heidelberg

Palta

Brets

Interlaks

Artistdem

Bral

Jeanie

Borde

Catro

London

T.lewpool

Салье

Trans

Colombe

Lugene

Copenhagen LABOR

Dublin Pdinburgh

Marites

Monia Carle

Manila

Monick

Montes

Genera

Others: Bombay, Hong Kong, London, Carte

York,

Bingapore, Batavia, New Samarang, Socrabaya, Dairen. On and after April 20th, 1994, the rate of Interest on Special Current Deposit will be at 1%% p.a, on' dally bo'race and the rate for balance over 110 000 will be quoted on application

Maximum rata—1%).

Y. OHNO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central

THE YOKOHAMA SPECIE BANK LIMITED.

Rowthamphen

Singapor Tientsiy Taormina.

VIAZISA

Tanies Yakpkame Eurid

Branches of American Express Com- many in Principal cities of United Blates of America and Canada.

All classes of Commercial Banking franeactions undertaken.

Personal Investment accounts handled.

Delhi

4:4

Shanghal

Kuantan Pahang) Simis Jadra

Singapore

NOSO KONO BRANCH

zeta franaaniać,

Every description of Banking and Exchange busi- Travellers Cheques' kisuià..

Trustes and Executorships under taken.

INTEREST allowed on Current · Asoccate and Fixed Deposita si Kates Phat may be auzotalnað on sppilation.

7.B HOBL

Wenger. {1, Queen's Bood Central,

Hong Kong, 12th June, 1984.

THE CHINA & SOUTH SEA BANK,

LIMITED

Hend Office

(Incorporated in China)

Shanghai $7,500,000,00 $1,500,000.00

Capital

Reserve

Branches

Foreign Exchange

All Important Cities in China

and General Banking Business transacted. The Company offers to intending Current and Saving Accounts opened Travellers the use of its "Travelers and Fixed Deposits received for one Cheques" and Letters of Credit and year or shorter periods at rates which Sapital (fully paid-up) Yen.160,000,000 addition, the world-wide services will be quoted on application. Rezerve Fund.

Yen.126,800,000 bf its thoroughly equipped Travel De

Estabiliħed 1880

Head Office:YOKOHAMA

Branches and Agencios ats

Batavia

·Bombay

Calcutta

Canton

Dairen (Dalny)

Fengtion (Mukden) Rie: Is. Jennira

Alexandria

Nagasaki Naxeys

Berlin

Now York

Osaka

Paris

Peiping Rangoon

Bamburg Hankow

San Franalasa

#Seattle

Semarang

Bong Kong Banolalu

Bhangbai Singapore

Reinking

Soerabaya

Karack!

Sydney

Kobo London Lo "Angeles

Tientsia

Manila

Lotarasi « ellewa Ki

g: Deposita reorie

Rong

19853

partment.

E. W. DUGGAN,

Manager,

THE WING ON BANK

LIMITED

Z. CHANG,

"Mimagery HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Office. Tel. 88565 Foreign Exchange Dept. 88565 General Office

88887 Cashier's Omen

88569'

THE SHANGHAI COMILIA. "& SAVINGS"; BANK÷LII (Incorporated in

Head Office: Hongkong. 26, 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 Roverre Savings; Day [received at zaten

raten which will be quoted

A Bank

on appilation": Bpecial

Special depoaling: 200

rates given for

Trusteeship and Executorship under- taken Bata Depolit, Boxes for hire.

PHILIP GOCKCHIN:

par Chief Manager

LAGOGACHIN

Asst Hausger

Capital pad Reserves

up!

Capital Bavings:Doj

Palal/relation

FONG

S'haf Exploration. Sh. $5 n. S'hal Loans, Sh. 16 n.

Raubs $5.15,

Venz; Goldfield $5 n.

Docks, etc.

H.K. Wharven 300 aa. Cum rts. H.K. Dock 89% s. Previdents (old), $1 an. Providents (new) 20 cts. n. Hongkews, Sh. $809 n.. New Engineering Sh. $5 m. S'hai Docks, Sh. $120 n

Cotton Mills.”. Ewo Cottons Sh. $8.80 n. Shanghai Cotton (old) Sh.$74 n. S'hai Cottons"(new); $45 n. Zoong Sings Sh. #9.30. n. 1 Wing On Textiles, Sh. #55 n. H.K. Wharves right $10 n. H.K. Wharves éx.rights $89 n.

Lands, Hotels, elc. H.K. and S, Hotel $4.40 8. H.K. Lande $40 n.

H.K. Land

102% B..

4%

Debentures

Shanghai Lands Sh. $16 n. Metropolitan Lands Sh. $12.20 Humphreya 69% n.

H.K. Realtles $5.10 n.

Asia Realties “A”, 8h. $100 n. Asia Realties"B" Sh. #15 p. Chiness, Estates 898 China Realties, Sh. $9.60 m.. China Debentures Sh.$128 D.

Public Utilities re II.K. Tramways $16/17 sa. Peak Trams (old): $8-n. Fenk Trams (new), 36 x Star Ferries $89 n. Yaumati Ferries $22 D... C. Lights $9 bi H.K. Electrica 265 Macao Electrics" $25 n. Sandakan Light 48 Telephone (old) $29 so. Telephone" (new) $10 n. China Buses Sh. $12.40 n. Singapore Traction 10/3 n. Singapore Pref. 20/6 m,

Industrials Malabon Sugar: 381⁄2 n. Cald: Macg.' (Ord.), Sh. $16 n. Cald: Macg (Pref.), Sh. $16 n. Canton: Ices: $24, n.. Cements $7 a Converted, H.K. Répen $8.65 D.

Stores, etc.

Dairy Farms $194. Watsons $8 n

Lane, Crawfords $8.75 n. Mackintoshs, $21.

Sinceres $8 a

Wm. Powells; 40 eta: n. Wing On (H.K.) $105 m. Miscellaneous, p

HK. Amusementa $1.85 n. Entertainmunts $6.40 m. 8.C. Enterprises $1.35 n.. Macao "Greyhounds.", $2 m Constructions (old), $1.70 m. Construction (now) 60 eta. n. Vibro Pilinge £5 novem Chi Govt 5% 1925 G#Bds

H.K

n.

A4% Loan, 64% prem.

84% Loan 2%

NEW YORK STOCK

EXCHANGE

Legislative Outlook Helps Utilities

DRIVEN TO UNWARRANTABLE LOW LEVELS

In their market report, Masera. SD Levy and Company, corres pondents for Mesars. White Weld and Company New York state

"Stocks: The outlook for the modi- fication of the Utility Holding Com- pany Bill is improving. The récent, Presidential message is considered

to have been immoderate and has further stiffened opposition to the BIL. Utility executives are now ap- pearing before the Congressional Committee and are making a good impression, while the combined

NEW ADVERTISEMENTS

ST. JOHN'S CATHEDRAL

"ELIJAH"

(Mendelssohn)

will be sung by the HONG KONG SINGERS on THURSDAY, March 28th at 9.00 p.m.

Conductor: J. ANDERSON MILLER. Organist: FREDERICK MASON. Proceeds to be devoted to

THE HONG KONG BENEVOLENT SOCIETY

Admission by programme, to be obtained from Messrs. Moutrie & Co., The Anderson Music Co. and Tsang Fook Piano Co.

public protest is modifying Con- COMMODITY PRICES gressional opposition to the agita-

tion for lower rates. There is little,

The following` quotations, have

possibility, however, of alleviation of been received by Reuter. the growing tax burden, which is New York Cotton: still a depressing factor. However, we believe that the Holding Com

Mar. 21. Mar. 22.

PUBLIC AUCTIONS

THE undersigned have received

Tinstructions to sell by publis

Auction

ON

Thursday the 28th, March, 1935,

commencing at 10.30 a.m.

at No. 42, Village Road

A Quantity of

VALUABLE HOUSEHOLD

FURNITURE

On View from Wednesday the

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, March 23, 1935,

THE'. undersigned have received Instructions to sell by Public

Auction

ON

Friday, the 29th, March, 1935, commencing at 2.30 p.m.-

at their Sales Room, No. 85,

Hankow Road, Kowloon,

Closing Closing

panies' preferred' stocks and deben-March tures have been driven to unwar-May ranted lows in view of the improved July legislative prospect. We believe October [that the sudden jump in the past; December

two days was too fast to follow, but}January (1938). [we are willing to buy on renctions," Spot .

10.64

10.76

10.99

10.77

11.00:

10.35

10.66

10.44 10.73

30.40

10.80

11.05

·11.30

27th March, 1935,

The passage in the House of the New York Rubber; Patman Bonus Bill is giving the March market further impetus. Business May {done:-780,000 shares.

10.62

10.66

10,65 10.76

July

10.76

10.87

"Grains: We would reiterate that September adverse weather reports are now October more important, on account of pre- December vions, drought conditions. We con- Chicago. Wheat:~ tinue to favour purchases of wheat May ...

10.93

11.02

11.00

11.00

11.18

11.28

THE

94%

9546

and corn on setbacks for trading July profits. Total sales:-Wheat: 25,- September (4 030,000 buslicis, Corn: 11,176,000 Chicago Corn:- bushels.

914

02%..

919%

.92.

¡May

'78

.7834

"Cotton: Shorts were the print!-July: pal buyers, but the Trade was not September following the advance.

|Winnipeg Wheat:---

734

744

70

744

Copper: There was good Trade March buying and the prices look as if they May will go higher,

July. "Sugar: Refiners still need re- Sept. serve supplies of Raws on the ap- Dec.. proach of the heavy cöhour"ption Jan. (1936) -

84748434. 83%

844

Old New Old New

2.18n 2.00b

2.10 2.09 2.12 2,10) 2.17 2.17 2.18 2.17 2.22 2.21 2.23 2.22 2.28 2.28 2.30. 2;27 2.23 2.18

Total sales-Old: 12,000 New York Silk:- tons, New: 25.000 tons.

March

1.282 1.29

"Flash: Carloadings for the week May ended March 18 totalled 697,000 July

1.28

1.30

1.27

1.29

units, à decrease of 80,000. units, as Montreal Silver:— compared with: last year.

March.

69.00

59.70

"The needed rains in the South-May

59.60

59.90

West have not materialised.

The July.

60.00

60.20ni

weather is clear to cloudy.

September b-bid

00.80 60:80 -'n-nominal.

"Rubber: The market looks as if May ..........

it will work lower, unless the. Res-July triction quotas are tightened. Total New York Sugarı- sales: 384 lot.

seun

The Copper curtailment agreement

is assured by the Conference. Sen- |

timent is cheerful, but producers are H.K. SHAREBROKERS

reluctant sellers.

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

"Stocks: The continued demand for utilities again, influenced the whole market, and led to increased speculative buying this afternoon.

"Cotton: The passing of the Bonus legislation with inflationary implications caused covering and new buying, which found a limited supply of contracts,

"Grains: The wheat market ruled strong. Buying power increased on dips. Final prices were the best of the day Houses with Eastern and South-Western connections were buying. The sharp advance in Liverpool, the firmness of the Stock market and continued dry weather were the principal factors, Unset- tled conditions were seen in the corn market

(Continued m Page). Latest Quotations

The following quotations have been received by Reuter,

N.Y./London

· CroBI-Yats

N.Y. Cotton July

Prey. To-day's

selosa tu élosa,

4.78124,77 10.27 11.00 }N.Y1 Rubber July 10,30 10.87 Chicago. Wheat May 94%95% Chicago CornMay 78 78% Montreal Silver-May 50.00 69.90 Silver Official:

58% 69

Dow Jones Averages

Mar 21 close Change.

98.72 100.6896 28.51 29.10.69 up 15.98 10.3840 up 04.04 -96.84*120 up.

30 Industrial 120 Ralls

20 Utilities

40 Bonds 11 Commodity ***Index

6-4.60* 55,54 - .04 Up Page: 10% Leading Stocks y Amer Smelting

Auburn

Elec Bond & Share

Corral Motori Int.TOKAAT

3436

ASSOCIATION

Stock Report

The following report was Issued. by the Hong Kong Sharebrokera Association yesterday afternoon.

Douglases $89: b.. Waterboats $12 b. Antamoke 93 cts: b. Baguio Gold 31 eta, b.. Big Wedge 10% cts. b, Salacots 16% cts. b. United Paracales 34 cta. b. Hotels 4.35 35, $43⁄41⁄2 8a. Lands $39% b.

Providents Old 95 cts. b., #1 sa. H.K. Docks $8 2.

Trame $163⁄4 b... $17 sai. Peak Trams Old 8% b. Lights 39 b., 39.15 2.0. Telephones Old $28

Constructions Old #14 b. Constructions New 50 cts. b. Nanyangs $4.45 by th Goyt. Loan 32% 2% b..

A Quantity of

VÄLUABLE HOUSEHOLD

IN FURNITURE

On View from Thursday the 28th March, 1935.

Terms: Cash on delivery

LAMMERT BROS,

Auctioneers.

Hong Kong, March 28, 1985; :

THE undersigned: have received instructions to sell by Pubifa

Auction

ON

Friday, the 29th. March, 1935, commencing at 5.15 p.m.

at their Sales Room, Duddell St.-

A Valuable Collection of

POSTAGE STAMPS

Terms: Cash on delivery

LAMMERT BROS,

Auctioneers.

Hong Kong, March 23, 1935.

Is It Insured?

Insurance - All Classes LOWEST RATES American Asiatic Underwriters Fed. Inc. U.S.A.

Head Office'

17, The Bund

Shanghai

General Agents

रस

H.E.Ofice

Asin Life

Building

Tel 50234

*• Bring Your

PRINTING Problems to Us

THE NEWSPAPER, ENTERPRIME” LTE.

E. Levy & Co.

7, ICE HOUSE STREET

́INVESTMENT' BANKERS A BROKERS,“

MENDARS

NEW YORK COTTON EXCHANGE

COMMODITY, EXCHANGE, INOK

CHICAGO BOARD OF TRADE

CANADIAN COMMODITY, EXCHANGE

CORRESPONDENTA