1935-03-26 — Page 6

Authorised Capital

lasued and Fully Paid-un Reserve Funds:

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Sterling £6,500,000 Silver

$10,000,000

Reserve Liability of Pro-

prietors....

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

20,000,000 Incorporated by Royal Charter, 1858.

HEAD OFFICE, HONGKONG. BOARD OP DIRECTORS.

M4, 33, Bodwall. Eq.

Chairman,

& C. Knight, BM. Deputy Chairsan.

Ampitent

Jiangkok

Halayla

Bambay

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

A. H. Compton Esq.

HEAD OFFICE: LONDON

Agencies and Branches:

"Karachi

Raigon Наповне Beremban Fhangbal Бодирого Kittiwan Rourabaya

Paid-up Capital

20,000,000

Reserve Fand

...£3,000,000 *..£3,000,000

Reserve Liability of Pro

prietors

£3,000,000

Alor Star

11

Ian Foo

Jpsh

31

Chang

Kobe

Kuati

Cate

Lampar

Hon. Mr. J. J. Paterson, Ilon. Mr. C. G. S. Mackle,

| Cawnpore

Kurbing

Cebu

Madras

Telping

Colombe

Theclas

G. Miskin Eq.,

T. E. Pearce Ess,

Delhi'

Madag

Tonrhab

Ralphnes

How York

(Ebuker)

'T. M. Graybaru, dog-

Hamborg

Pripleg

Tderio

11ankow

Tokohama

Chlat bisnage.

Karbip

Zamboanga

BRANQUES:-

·HUALA LUMPUR LONDON

MALACCA

AMOT

MANGKOK

BATAVIA

BOMBAY

DALOUTTA

CANTON

CHEFOO COLOMBO DAIREN TOOCHOW HAIPHONG HANBUDO

MANKOW LIBIN BREW

108

ILADAN

JOUTHE

LORE

KOWLOON

YONA

MANILA

KUAR Jabare)

URDEN

NEW YORK

PELPING PENAKO

HANDOON

BAICION

HAN FRANCISCO

GEFANUHAT

KINBATOLE

24URADATA

HUNUE PATARI TENTAN

TOKYO THIXOTAO

YOXOLANA

Currant &cuum paned in Loosi Currency and Fixed Deposits received, for one of sharter periods la Look: Bodipany and Hering

rta #kick will be quoted on application. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

Hoa Lo

(Paking) TIDADE. Formiga Bechange and General Banking bad Curtal Account opened and First Deposu resitai ke me year or shorter periods at "raton which will be quoted on appilation,

A. BREARLEY.

Manager.

Hong Kong, 1st. January, 1935.

THE BANK OF CANTON, LTD. Established 1912

Authorised Capital

Head Office:-Hong Kong.

...... $11,000,000 Paid-up Capital

8,655,000 82,170,408 Total ResourceN Branches: Canton, Teishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans- acted

Current Accounts opened and Fired. Deposits récaired for one Jesy of baborter periods at rates which will be

quoted on application.

The Hysis of the shore Boi't le sooduol

BUNG XONG AND STEANGHAI.

Bules WAFKING CORPORATION.

shigined so application.

ON THE HONG KONG AND SHANGHAI BANKING COMPURATION

T.. M. GRAYBURN,

Chial ManneV),

Hong Kong, 25th February, 1035.

THE BANK OF EAST ASIA, LTD.

Rathrined Captio

Paid cp Capt.

1212-9--#iß,900,800.50 11,596,300,00

ve az Undiri Profe, .................

03,4 14, 104,00

HEAD OFFICE:-HONG KONG

12. Des Varim Hoad Central

BOARD OF DIRECTORS —— Pirhen Chow, Chairm

Toen Chu, Faq., P. 3. Ewok, eg Wook

Xw Tong, Faghan Ching Bhak, Bag Li Len Many Eng., Wong Chu Fon, Eeg, and Kan Ting 15. Tag

Bomber

Shaton

KN TODA To, T... Chile! Manager,

In Food,

Manager.

BRANCHES AND LUENCIDO 1-

Baler

Sydnor

Bray drips of Banking and Exchange bed tremeted. Loans granted en approved www...

Current Arruste eprived in Iowa Curric Flad Depou receivH 1 004 00 Maria paño in Local and Foreign Currenclas

Serina wool will be quoted on "application. Bata Depescil Do To Lo

KAN TONG FO

Chlef Manager.

THE BANK OF TAIWAN, LTD. Head OfficeTalkoku, Formass, Incorporated in Japan by Specia) Imperial Charter, 1829.

Safe Deposit Boxes (various sizes)

LOOK PUONG SEAN.

[fer hire.

Chlef Manager.

SAFETY FIRST !

To Safeguard Your Valuables and Jewellerinä.

Deposit them in a Vaul

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

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Flour__ of Oar New building is Specially Con-

THE CHINA MAIL" TUESDAY, MARCH 26, 1935

Commerce and Finance

LOCAL DOLLAR ADVANCES

LOCAL SHARES.

TO-DAY'S QUOTATION

NEW YORK STOCK MARKET SPECIAL C.P.R.

Growing Tax Burden Affects Market

NO HOPE OF ALLEVIATION APPEARS POSSIBLE

"Stocks: Thrusts, of the spread of} labour troubles and uneasiness over possible Railroad reorganisations) jure factors restraining market

activity.

FARES

Summer Excursions

The Canadian Pacific Railway Company announce that special Grains: Easier Liverpool reports first-class Summar round-trip In their market report. Messrs. and scattered rain in the South-West fares from Hong Kong to Japan S. E. Levy and Company, corres caused some selling of Wheat early will be on sale from June 1 to Sep pondents for Messrs. White Weld in the session; later, the market tember, 80, and will be good for

Silver Prices Improve. The following is the list of local and Company New York state rallied easily on advices that little three months from the date of sail-

The local dollar has advanced, opening on demand this morning at 2/0-

Spot and forward silver prices. also advanced, being quoted at 27% and 28, respectively.

The London on New York cross- rate was quoted at £-US.$4.77% as compared with £-U.S.$4.76%, while the New York on London rate was quoted at £1.S.$4,78%, as compared with £-U.S.$4.77.

KWANGTUNG SILK TESTING BUREAU

Canton Quotations

March 23. Extra 0.5. (18/16) H.K.$410_n. Small Extra O.S. (13/15) H.K.-

$370 n.

Best No. 1.0.S. (13/15) H.K.$. Crack N.S. (14/16) II.K.$275 n. Extra Extra (20/22), H.K.$270 n. Waste N.S. Open II.K.367 n Yokohama Quotations

March 26.

Spot Y.600. Bourse 6 months X.504.

RICE

CULTIVATION IN CHUNGSHAN

Introducing Better Types Of Paddy

IMPROVEMENTS IN FARMING METHODS TAUGHT

Canton, To-day, Chungshan being a model county tracted to provide all of these Im-of the province, the Bureau of portant Qualities.

You may

obtain a Safe Deposit Agriculture and Forestry has paid Box in this most up-to-data Vault for special attention to mothers

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

THE

'An official' of the Bureau sent there of few weeks ago. Dur ing his inspection tour of various {sections of the county he selected over 100 farming families to carry out the planting of choice varieties of rice and instructed them to. apply new methods of planting. The total quantity of seed paddy

AMERICAN EXPRESS COMPANY, distributed to them was 2,000

INC.

Head Office: 65, Broadway, New York

Capital

Surplus

Reserven

U.S.$8,000,000,00 2,087.112.00 1,995,528.81

catties.-Central Press.

MEAT QUOTA TALKS

Preliminary Meeting At Downing Street

share quotations issued to-day

Banks.

H.K. Bank $1290 88.

H.K. Bank (London) $1261⁄2 'n. Chartered Bank £14% n, ex div, Mercantile Bank A. & B. 81% Mercantile Bank C. #181⁄2 n. Bank of East Asia $851 Am: 0. Finance Corp., Sh.$20 China O. Fin. Ord., Sh. $1.80 m. China O. Fin, Prof Sh. #41⁄2 n. Insurances.

Canton Ius, $200 B... Union Ins. $415 b. China Underwriters $1%1⁄2 n, China Fire Ins. $400 m. H.K. Fire Ins. $220 n. International Assce, Sh. 85 n.

Shipping.

Douglases $39% n. H.K. Steamboats, $71⁄4 n. Indo-Chinas (Prof.), $80 m Indo-Chinas (Def.), $59 n Shells (Bearer) $40/10%1⁄2 n. Union Waterboata 812% n.

Mining. Antamoks 95 cts. n. Balatoes $43 n. Bagulo Gold 39 cta, k. ... Benguet Consolidated $14 n. Benguet Exploration 15 cta. Benguet Goldfield 10 cts. n. Big Wedge 10 cts. n. Gold Creek 381⁄2 cts. n. Gold Rivera 17 cts. n. Ipe Mining $1% n Itegane 42 cta.

Salacots 16 cts: n. Kallan (Single) 16/6 n. Langkats (Single) Sh. $15 m. S'hai Exploration Sh. $5 n.. S'hal Loans, Sh. #6 n. Raubs $5.15 .

Venz: Goldfield $5 n.

Docks, etc.

H.K. Wharves $90 n. Cum rts.

•

m.]

Ewo Cottons Sh. $8.30 n. Shanghai Cotton (old) Sh.374 n. S'hal Cottons (new) 245 n. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc. H.K, and S. Hotel $4.30 8. H.K. Lands $40 .. H.K.

Shanghai Lands Sh. $16 n.

Stocka: There is little possi-helpful moisture had fallen; and on ing, but not to exceed the final re- bility of the allevation of the reports of the renewal of dust turn limit of October 31.

The rates are HK$225.00 tỏ Na- growing tax burden which is a de-storms. Corn: The market was pressing factor, and we believe heavy. Shipping demand was slow, gasaki or Kobe and HK$255.00 to that Holding Companies stocks while country offerings and, arrivals Yokohama.

In addition to the above there and debentures have been driven were light.

"Cotton: The market rallied on will also be quoted a first-class to unwarranted lows in view of

round trip rate of HK$180.00 from the improved legislative prospects, trade buying and covering, but met

Hong Kong to Manila. Tickets will be available during June and Business done-460,000 shares, with seiling on the advance.

"Rubber Quiet but steady condi- "Grains-Ws still continue to

"

"Sugar: The American Sugar Re-

Manila.

CHARGE

favour purchases of Wheat and tions prevailed, with trading small. July with the return limit of ond Corn on setbacka. Total sales:- Commission houses were the princi-month from the date of sailing to Wheat: 10,616,000 bushels, Corn: pal buyers. The London market was

easter, and still refuses to follow FORGED BANK NOTE 7,106,000 bushels.

"CottonThe market was thin advances here. and still unsettled. We suggest sales of new crops on 'fair upturns fining Co. has advanced the price of and would confine purchases to refined sugar to 4.50 cents to-day.

Electrician Involved good setbacks. We feel that the The quotations for others have re- continuation of the Processing mained unchanged, The Actuals

Charged before Mr. Q. A. A. Although Spota Tax and uncertainty regarding the market is firm. amount of the New Crop Loan is were quoted unchanged, there were Macfadyen, at the Central Magis- tracy this morning with uttering no offerings under 8.10 cents. against sustained advances,

"Rubber:-Traders are waiting "Flashes: Fischer's Weekly Coma forged $50 Hong Kong and on the sidelines, pending the out-modity Index was 91.0, as against Shanghai Bank note. Lo Man-sau,"

jan eléctrician, was come of Tuesday's Restriction 181.7 last week. Committee meeting. Total sales: (Continued on Page 7) -126 lots..

Latest Quotations

"Flash:-Mill activity is estim- ated at 46.1 per cent. of capacity.

The following quotations

Pfer. To-day

elors

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

N.Y./London

cross-rate

have

close

remanded un- til next Monday afternoon for hearing.

| Mr., T. P. K. Kemble, of Messrs. Wilkinson and Grist, appeared on behalf of the accused.. Bail of $500 was fixed.

It was stated that accused was arrested while attempting to dis- pase the note at the Ming Fong. 4.77% 4.7816 Electric Shop in Queen's Road

Central.

NY, Cotton-July 10.94 11.12. N.Y. Rubber-July 10.74 10,85

COMMODITY PRICES Chicago Wheat-May 94

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

Chicago Cort-May 77 *773 Montreal Silver-May 50.75 81.50 Silver Official

50 60 Dow Jones Averages

To-day's Mar. 23 close. Change Mar. 24, Mar, 25.

(20-Industrials 99.84 99,50,′′ · „34 öff Closing Closing 20 Rails 28,69.28.14 .55 off 10.86 11.09 120 Utilities 10.26 16.26,01 up 10.94 11.12

40. Bonds 94.86, 94.64 .22 off

10.59 10.73

General Motors ....

10.49b Int Tel & Tel.......

Montgomery Ward

TELEPHONE PROGRESS

MAIN HOPEI

More than seventy districts are already linked by telephone in Hopei province. The authorities are planning to extend the system."

Everything

BUT YOUR

SAVINGS

May July October

December

10.69

10.82

11 Commodity

Index

55.00 54.00 10 of

10 Leading Stocks

Minta

Battle

3

•

Melburne

இதலைகயுத்

Nag

Shanghai

New Vick

Bagapore

of

kourabaya

iphon Hankow Hoodie

Paria

Priping

Pina

Kangoon

Tientsin Tokyo

| your own use atʼa very moderate Roz-|agriculture and forestry there.

tel

Tospection Cordially Invited.

WAS

Keeloom London

Bigon

THE NATIONAL COMMERCIAL

·

FAB Frazie

▼About

H.K. Wharves right $10 sa. H.K. Wharves ex rights $89 n. H.K. Dock $93⁄41⁄2 **** Providents (old); $1 n. Providents (new) 20 cts. n. Hongkews, Shứ #309 n. New Engineering Sh. $5 a. S'hal Docks, Sh. $120 m.

Cotton Mills.

January (1936)

10.70

10.86

Amer Smelting

34

March (1936)

10,94n Auburn

16

Spot

11.40 11.20

J. I. Case

48

gone

Elec. Bond & Share

New York Rubber:

279

March

10,52

Máy

10,62

10.53

July

10.74

10.65

Nat Distillers

20

N.Y.. Central

13%

September

· 10.90

10.81

U.S. Steel.

29%

RENT

October

December

10.96 11.15

···10.85

Business Done: 460,000 shares.

11.02

Chicago Wheat;

RAW RUBBER PRICES

FOOD

May July

94

93%

September

9136- 904

-91%

91

Chicago Corn:-

Latest Quotations From

Singapore

CLOTHING

May

7734

HEAT

774

July

7234

72%

Känd 4%

Debentures

September

68%

68%

102%. 8.

Winnipeg Wheat;- May

· 84%.

Metropolitan Lands Sh. $12.20 n.. Humphreys $9% 8.

July

843% 884 88%

New York Sugar:-

May July

September

December

January (1936)

2.24 2.21, 2.25 2.22

|New York Silk:-)

March

1.20

1,31

May

1.80

1.20

July

1.29

1.28%

Montreal Silver:-

March

59.50

60.50b

May July

59,75

61.50

60.20

61.70

American Asiatic Underwriters

September

61.10 62,40

Fed. Inc., USA.

New York. Metals;—–—–

General Agenta.

Mar. 21. Mar. 25.

·ILE. Office

44.80

46.30

-nominal

Asia Life Building

Tel. 30234

Central Bank of Fermos, Notes

Issued Average amount Y.45,000,000

Branches and Agencies.

Japan:-Kobe, Osaka, Tokyo, Yoke.

hame.

Hakong,

BRANCHES:-

Amatera

Benos }

Milan

Aniwary

Nento,

Alkata

The Fagna

Kaplan

ANUAR

Beale

Дер

HOTALL Ramsburg Playro

Pirsema

Bombay

Beem o

Brusela

Cairo Calen

Keelube Shoka, Shinchiku, Taichu, Tainan, Talto, Takao, Tamaul, Toen, Karenko,

Helto Giran. China:--Amoy, Canten, Foschow, Han

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

On and after April 20th, 1984, the rate of Interent on Special Current Deposit will be at 1% p.a, on daily balence and the rate for balance over #10,000 will be quoted on application (Maximum rate-134);

Y. OHNO,

Hong Kong Branch'

Manager.

8, Des Voeux Road, Central.

Cancer Colomhe Copenhagen Dublin

dinburg's Flores Garava

Interistos Jerusalem. Gondoa Liverpest

Levide Lugano Luzon Marseilles

Parla Pripit1 PAIM ma Rotterdam Home Rhonas!

pho

Monte Carle

Montla

Munich

Riap Tantal Taormina

Fanles Yokohams. terias

Montreal

Branches of American Express Com- Inany in Principal cities of United

London, To-day. Conversations on the meat quota- between the United Kingdom and Australian Ministers began at a preliminary meeting at Downing Street yesterday, when Mr. Ramsay MacDonald, the Prime Minister, who presided, welcomed the, Com- monwealth Premier, Mr. Joseph Lyons and his colleagues.

The Ministers will meet again next week-British Wireless Ser- vice.

H.K. Realties $5.10 n.

Asia Realties “A”, Sh. $100 n. Asia Realties "B" Sh. $15, n. Chinese Estates $08 n. China Realties Sh. $9.60 n. China Debentures Sh.#128 n.

Public Utilities

H.K. Tramways $163⁄44/60 ná. Peak Trame (old) $81⁄2 n. Peak Trams (new); $6 n. Star Ferries #89 n. Yaumati Ferries $22 n.

C. Lights $9.20/10 sa. H.K. Electrica $65% n.

|Btates of Ameries and Canada. THE CHINA & SOUTH SEA BANK, Macas Electrics $25 n.

All classes of Commercial Banking Pransactións undertaken.

Personal Investment accounta

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established--1880

Yen.125,800,000partment.

(Incorporated in China) Head Office ...Shanghai- Capital

Reserve

$7,500,000.00 $1,500,000.00 Company The

Branches offers to intending |

All Important Cities Travellers the use of its “Travalers

in China King Chequre" and Letters of Credit and Banking Business transacted.

Foreign Exchange (and General In addition, the world-wide. services. apital (fully paid-up) Ten.100.000.000 or it thoroughly equipped Travel De

Current and Saving Accounts opened Reserve Fund

and Fixed Deposits : received for oza year or shorter periods at rates which will be quoted on application.

SOU Z CHANG,

Mode Manager. HONG KONG-BRANCH:: 24, Des Vox Road, Central, Manager's Office prozal

„Tal, 88565

·Z5508: Foreign Exchange Dept. General Office Doo Cashier's Office POV 825CN.

Head Ofits:--YOKOHAMA

Branches and Agencies at:

Alexandria

Batavis

Berlin

Bombay

Calcutta

Canton

Dairen (Dairy)"

Hamburg

New York

Nagasakt

Nagoya

Doaka

Paris

Peiping Rangoon

Fengtan (Makdan) Rio de Janeizo

Hankow

Harbla

Hoạt Kont Honolulu

Kobe

London, Co Los Angeles

San Francisco Seattle Semarang Shanghai

Tientsin

E. W. DUGGAN,

Managur

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 deser tion, of banking businesses tran

Current Accounts and Accounts

received Special

TATES

Special

ander

Bazel Depoilt Boxes for hire..!

PHILIP GOCKCHINA

THE SHANGHAI COMMERCIA

- & SAVINGS BANK÷LIMITED,

(Incorporated in China) Capital pald Rezerva Capital

Sandakan LightTM $8. Telephone (old) $28.10 n.' Telephone (new) $10 n.. China Buses 8h. $12.40 m. Singapore Traction 10/3 n. Singapore Pref. 20/6 ́n,

Industrials⠀⠀

- Malabon÷Bugar $83⁄41⁄2\n. :

Cald: Macg. (Ord.), Sh. $15 n. Cald: Macg. (Pref.), 8h. $16 n. Canton Ices $23⁄4; mak Cements #7 a., Converted, H.K. Ropes $2.60 ni bean Storen, etc.

Dairy Farms $19% v. Watsons $83%

Lane, Crawfords $8.75 n. Mackintoshs, $21- n. Sincares $8 m. Wm. Powells, 70 cts; n. Wing On (H.K.) $105 m.

Miscellaneous,

H.K. Amusements: $1,85 n. Entertainments $6:40 r.2 5.0. Enterprises $1.35 m. Macao "Greyhounds," $2 n Constructions" (old) $1.70 n. Construction (new), 45 ets, n. Vibro Piling $5 novembe

• Oh.. ( Govt. 5% 1925 G#Bd

987

H.K. Govt 4% Loan, 6%9

GovB4%

Old New Old New 2.14 2.13 2.17 2.15 2.19 2.19 2.222.21 2.25 2.24 2.27 2.25

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

Spot 171⁄2 down 1⁄2 April-June 18% down ‰ July-Sept. 191⁄2 down 1⁄2. Oct-Dec. 20.5% down 2.

Market:-Dull.

Selling price cent higher on

2.81 2.30 2,84 2,83 all positions.

Is It Insured? ?

Insurance --- All Classes

LOWEST RATEST

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC

Asia Life Buliding Eous Lois

Tel. 30334

Copper January. 6.71 6.77.. Head Office'. Tin January

bibld

NEW YORK STOCK

EXCHANGE

Reuter Quotations

March 20. The following quotations from New York have been received by Eanter.

Last close

10.18 11.00 4.77% 4.77% 4.78

N.Y./London

N.Y. Cotton -

July Oct

N.Y. Rubber

10.95, 11.10

20.04 10,59 10.53 10.69

*10.74) 10.76

10.79 30.00 10.88 10.99 Wheat May 941

0854 ply 913 C. Corn May 7254 W. Wheat May 84% STOCKS

Amer

Smelting & B4) Con Gas NY 104-1

Du Post M 89 Blog Bond & Sh Generall Motorï¿

¿77%

:8426

17, The Bund

Shanghaf

デン

S. E. Levy & Co.

ICH HOUSE STREST

MENT, DANKERE & BROKERS

NEW YORK" GOTTON EXCHANGE.

COMMODITY EXCHANGE, INC, NY.

CHICAGO BOARD OF TRADE

· CAMADIAN "COMMODITY", EXCHANGE, INCL

CÓRRKAPONDENTS'

HIN “Manager

SALA BHU FO