1935-03-28 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capitni Jogikos

$50,000,000 lasued and Folly Fald-up 20,000,000

Reserve Funda:-

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

prietors ...

20,000,000

EXAD OPPICE, HONGKONG. BOARD OF DIRECTORS

H. Dodwell Esq.

Chairman

Knight, Eng

Deputy Chains

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1858.

'HEAD' OFFICE: LONDON

Paid-up Capital.......£3,000,000 Reserve Fand

*** • • • • • £3,000,000 Reserve Liability of Pro

priators

......£8,000,000 Agencies and Branchee: **.

Alor StarTM.

TINATIO

W. H. Bell, Esq. K. S. Morrison Esq.,atta A. II. Compton Baq.,

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

G. Miskin Esq.

ANDY

DANGROK

BATAVIA SUNDAY FALCUTTA CANTON CHEFOO

DOLOM DO

DAINEN FDOCHOW TIPTONG HAMBUNG BANKOW

ANDIN

ANDREW

JOHLAD

SIDE

TALOON.

T. E. Pearce Esq.,

V. M. Graybarn, log. *

Chla? Manager.

BRANCHES I-

KUALA LUMPUB

LONDON

LYONS

MALACCA

MANILA

MUAH (John)

PENAXO

KUKUEN

NEW YORK

PEIPING

TIA SOOON

MARGON

BAN FRANCISCO

RIANUA

SINGAPORE

URABAYA

SINGI PATANI

TIENTSIN

TOKYU

THINGTAO

YOKOHAMA

•tapk Acouple opened in Local Carranzy Pines Depcalis received for one yo kevat peclude a Loc: Company and Sterlin

•T which will be noted on application.

Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

The Bushimes of the shove has la conduct. the ITONG LONG AND BHANGHAI Hules may be "KING, CONTORETION.

FUR THE HONG KONG AND EHANGHAI BENO CORPORATION.

to application.

V. W, GRAYBURN,

Chief Mansuet. Hong Kong, 25th February, 1935.

Pangoon

Kamarang Beremban Khangbas Buraspore BIUAWAD Bourabays Talping

Amritse

Ipch

Beartok

Karschi

Hieng

Botabay

Kobe

Canter

Lumper

Cebu

Cawnpore

Burbing

Hadros

Colomb

Manila

Tenka

Drik!

Hedan

Tongkak

Haiphong

.New York

(heher)

Hamburg

Priping

Hoskow

(Poking)

Yokohama

Harbin

Tebang

Zamboanga

THE CHINA MAIL, THURSDAY, MARCH 28, 1935

Commerce and

Finance

LOCAL DOLLAR DECLINES

The local dollar has fallen 4. opening on demand this morning at 2/0.

Spot and forward silver prices both declined 7/16., being quoted at 28-7/18 and 28-9/16, respectively.

The London on New York cross- rate was quoted at £-U.S.$4.79%, as compared with £U.S.$4.78%, while the New York on "London rate was quoted at £-U.S.$4.79%

Forales Xachsage and General Banking butas compared with £--U.S.$4.784.

İrazanoted.

Current Accounts opened and Fixed Deprašia received for one year or shorter perioda ni 'rator) which will be quoted on appliesilon.

A. BREARLEY.

Manager COMMODITY PRICES

Hong Kong, 1st. January, 1935.

The following quotations have Theen received by Router.

THE BANK OF CANTON, LTD. New York Catton:--

Established 1912,

Branches: Canton, Toithan, Shanghai, December

7

Mar. 26. Mar. 27. Closing Closing

New York Rubber: Current Accounts opened and Fixed March Depoalts receired for shorter periods at rates which will be May July quoted on application,

„one year or

Safe Deposit Boxes (various siser) September for hire.

October

www

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banks.

H.K. Bank $1290 sa H.K. Bank (London) £125 Chartered Bank £14 n.AT -Mercantile Bank A. & B. $31 Mercantile Bank C. 8181⁄2 m. Bank of East Asia $851⁄2 m. Am: Finance Corp., Sh.820 China Fin. Ord., Sh. $1.80 n. China O. Fin. Pref Sh. $41⁄2 mi Insurances.

Canton Ins. $260 s.

NEW YORK STOCK EXCHANGE

Uncertain Conditions Still Continue

FURTHER DRIFTING MARKETS FORESEEN

MONEY VALUE OF RETAIL SALES

Britain's Largest Gain

Since Last May,

NEW ADVERTISEMENTS

INSTITUTION OF ENGINEERS & SHIPBUILDERS OF HONG KONG.

London, To-day. M

The money value of retail sales

TEMBERS are reminded that the ANNUAL GENERAL

In February was 4.9 per cent. MEETING of the Institution takes higher than in February, 1934, place in the Rooms on FRIDAY, In their market repert, Mesars, and showed the largest, increase 29th March, at 6 pm. S. E. Levy and Company, corres-since last May.

J. P. A. DAVIS..

Hon. Secretary.

CLUB

pondents for Messrs. White Weld

The value of stocks at the and and Company, New York state:

of February was 1.7. per cent. low- "Stocks: The growing Railroader, while employment in retail difficulties and continuing legisla-shops was 2.0 per cent. greater THE FANLING HUNT & RACE tive and monetary uncertainties than at the close of February, are again asserting their influence 1934.-British Wireless Service. on the market. We continue to a. forsee further drifting markets, with temporary upturns which should be used to reduce commit. nments. Business done: 450,000

shares.

BRITISH_SHIPPING WING to a case of Rabies being

REPORT

discovered amongst the Army Mules, the meeting" which was to have been held at Kwanti on SUN-

Increased Tonnage For DAY, 31st instant, has been post

Foreign Trade

"Graina:-Continuous winds are drying out the South-Western soll. The market looks as if it will go

London, To-day.¦. higher until generons rains are re- Union Ins. $415 b, $416/178a-ceived: We favour purchases of ment of shipping in United King Preliminary returns of the move. on fair reactions. Total dom ports during 1934 show that wheat salesWheat: 10,057,000 bushels, the total tonnage entered in Corn: -4,968,000 bushels,

foreign trade was 1.0 per cent. "CottonThe market is mostly greater than in 1933 and that of

China Underwriters $1, China Fire Ir "$400, n. H.K. Fire Ins. $220 n. -: international Assoe. Sh. $5 a.

Shipping.

Douglases $391⁄2 n.

H.K. Steamboats, $73⁄41⁄41⁄4 n. Indo-Chinas (Prof.), 380 m. Indo-Chinas (Def.), $38 a. Shells (Bearer) $48/9 n. Union Waterboats $12 n.

Mining.

Antamoks 95 cts. n. Balatoes $43 n. Baguio Gold 39 cts. n. Benguet Consolidated $14. n. Benguet Exploration 15 ets. Benguet Goldfield 10 cts. n. Big Wedge 10 cts: n... Gold Creek 40 cts. n.

on

a professional affair. We prefer clearances 0.1 per cent larger. purchases of July option and The movement in coasting trade setbacks for trading profits. in 1934 showed an increase of 5.9 "Rubber:--Reports of the unrest per cent, as compared with the

Service.

NEW YORK STOCK

EXCHANGE

in Akron are checking aggressive previous year. Britiel Wireless buying. Total sules-363 lots.

"Copper: There was a heavy demand for Spot, while there were reluctant ellers in Futures. A formal announcement in regard to the curtailment agreement is like-

·ly on Thursday, Producers are n.believed to be alming, for a world price of 8% cents. We continue to favour purchases.

Reuter Quotations

Head Office-Hong Kong.

Authorised Capital

May

$11,000,000

Paid-up Capital

8,655,000 July

Total Resources

82,170,192 October

11.06 11.07- 11.10 11.14 10.72 10.70 10.79 10.82

Foreign Exchange and Banking business of every discription trans Spot acted

Hankow, Bangkok & San Francisco. January (1836) `. London Bankere: Lloyds Bank, Ltd.,

March (1936),

10.81

10.89

11.35

10.86 10:93 11.36

11.75b

11.82

11.73 11.92 11.84 12.06

11.98 12.13 12.06

LOOK POONG SHAN,

Chief Manager.

December January

12.20

12:20

12.28

Chicago Wheat;-

`SAFETY FIRST 1-

$7,4,500.00

To Safeguard Your Valuables and Jewelleries.

May July

9334

95%

September

914 93% 9114 93

Gold Rivers 17 cts/n. Ipo Mining $11⁄4-n.

-HONO IOKO

Chicago Corn

Salacota 16 cts. n.

May

78

79%

Kallan (Single) $17/-n.

E. A. Pierce. And Co's Report, York have been received by Router In their market report, the American Oriental Finance Cor- N.Y./London peration; correspondents. for N.Y. Cotton -- Messrs. E. A. Pierce and Company

Last

clone .10.151100 14.78% 4.7016 4.7014

July

of New York state:--

Oct.

11.10 -10.70

10.97 11.03 10.50

19.60

July

73

74

Langkats (Single) Sh. $15 n

N.Y. Rubber..

September

69

09%

S'hal Exploration Sh. $5 m.

Winnipeg Wheat:-

S'hai Loans, Sh. $6 n.

"Stocks: The modest Improve- July

Sept. ment. in Industrial stocks appeared.

11.2 11.86, 12.06

11.98

Rauba $5.15 n.

84

85%

Venz; Goldfield $5, n.

837%

8434

Old New Old New 2.16 2.15 2.16 2.15

THE BANK OF EAST ASIA, LTD.

Authorised Capital 18-20,000,000,00 Pale up Capital Romer and Undivided Pro,

READ OFFICE:

11. D. Vaur Food Central

TRARD OF DIRECTORS— 810-On Chow, Chairman.

La Enen Chi

TUR Tong. Bon.

•

Ching Whak P. R. Baqué lan

leaf Exq, Wong the for Eagan

الأمامية

WODK

Kan Tine

Xas Toug Po... Chile! Menager.

4. Manager. The Forg

DRANCHES AND AGENCIES †----

LABO

Balvin

Mani Mythoutros

Haml

Beberang

Bombs)

Hapanki

Ny Fork

Broughal Sagepor Grurabaya

Sydney.

T

Rangoon

Tianinis

Kowlo

Balo

Takys

Lon

Ran Francis

VANGON THE Yokozme

Haiphong Bankow Honolul

Denka

Parn Pripion

rary Ameripilena Baking and Erslangs

tracted. Loans stacked on approve berries.

Accounts apeut in Lovel furrese

The ane jest

Curoposto recalead

webriar perince in Local and Foreign Curacies. terzo kick will be quoted so application.

Bate Depot Der To LL

KAN TOMO TO,

Chief Maneget.

THE BANK OF TAIWAN, LTD.

Head Office: Taiboku, FermoSA, Incorporated in Japan by Special Imperial Charter, 1899, Central Bank of Fermoss, Notes

i.rued Average amount Y45,000,000)

Branches and Agencion.

Deposit them in a Vault

that is really:

FIRE - PROOF

BURGLAR-PROOF

DAMP-PROOF {

OUR SAFE DEPOSIT VAULT May

located on the Mezzanine Floor of July Our

New building is Specially Con-New York Sugar:- structed to provide all of theas Im-

portant Qualities.

You may obtain a Safe Deposit May

Box in this most up-to-date Vanit for July ....... your own use at a very moderate Ren-September Ital

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.

Corner of Ies House Street and Des Voeux Road, Central

·2.25 2.25 2.26 2.25

2.32 2.31 2.32 2.31 2.25 2.21 2.25 2.22

Itogans 42 cts. n.

Docks, etc.."

H.K. Wharves $90 ̊ n. Cum pts. H.K. Wharves ex, rights $89 n..

2.21 2.21 2.222.21 H.K. Wharves right $10 s.

H.K. Dock $93⁄4_#/ ̈ Providents (old); $1 n.. Providents (new) 20 cts, m

Hongkews, Sh. $909 n. New Engineering Sh. $5 s. S'hai Docks, Sh. $120 n..

Cotton Mills. Ewo Cottons Sh. $8.30 n. Shanghai Cotton (old) Sh.874 m. S'hai Cottons (new) $45 ». Zoong Sings Sh.' $9.30 m. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

December

Jan. (1936) New York Silk:-.

May

July

September Montreal Silver:

1.28

1.29 1.28. 1.29 1.28 1.29

March

THE

AMERICAN EXPRESS COMPANY,

May

INC.

July September

61.22b 61.25b 61.50 61.68 61.70b

62.40 62.80. 62.95

Head Office:65, Broadway, New York

Capital ........8.$8,000,000.00 THE CHINA & SOUTH SEA BANE, Surplus Reserves

Japan-Kabe, Osaka, Tokyo, Yoko- han. Keelung, Makong, Nanto, Shots, Shinchiku, Taiche, Tainan, Helse Taito, Takao, Tamaui, Teen, Karenko. Kagi, Heito,

Giran.

China:-Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, Batavia, Singapore, New York, Samarang, Soerabaya, Dairen. no and after April 20th, 1984, the m: of Interest on Special Current Deposit will be at 14% pa. on daily bance and the rata for balance over $10 000 will be quoted on application (Maximum rate-1%).

Y. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880 "nditel (fully paid-up) Yen.100,000,000 Yen.125,800,000 Reserve Fund

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria

Hatavia

Bombay

Berlin

Calcatts

Canton

Dairen (Dalny)

Nagasak! Nagoya New York Osaka:

Parts.

Peiping

Rangoon

Fengtien (Mukden) Rio de Janeiro

Hankow

Hong Kong

Honolulu

Hamburg

San Francisco

Seattle

Harbin

Shanghai

Semarang

Singapore

Kobe

Loudon

Los Angeles

Manila

Soerabaya Sydney Tientain Tokyo Tsingtan Yingkow

'Heinkap/

Karachi

Interses allowed; on UXITENE

razes to be obtai

1145

2,087,112,59 1,998,828,81

LIMITED

(Incorporated in China) Head Office Shanghai Capital

BRANCHEB÷000

korter

Алтир

Eikow

The Hague

Mitaa Nico Napl

Reserva

ASEMEN

Натала

Pirace

Branches

Hamburg

Sertám

¿Tavro

Paris Pelpin

Bratk

Bombay Bruneta

Heidelberg Palermo

Interlakes

Jeronim

Cairo

Capted Colom he Copenhagen Publis Pdinborg Florence Севать

Londo

Rikorda Blame Bhanchal

Lispod

• Lucerne

Bispo

Luzgan

LUSOF

Thorand

Marvelling

Vienna

Monte Carl

Manila

Moniek

Montros

Rowhampion

Venlos Yokobama

Branches of American Express Com- pany in Principal cities of United Etates of America and Canada.

All classes of Commercial Banking [Transactions undertaken. :

Personal investment accounts: (handled.

The Company · offers to intending Travellers, the use of ita #travelarn Cheques" and Letters of Credit and, addition, the world-wide wrvices f its thoroughly equipped Travel De {partment,

E. W. DUGGAN,

MADRger,

THE WING ON BANK

LIMITED

Head Officer Hongkong": 26, Des Voeux Hoad Central. Authorised Capital, $10,000,00037

LONDON BANKERS

Westminster, Hand, Ltd, folk, Foreign Exchange und every descrip-

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

General

All Important Cities

in China

`and Foreign Exchange Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposita "received for one year or shorter periode at rates which will be quoted on applicationANG,

BOU. Z.

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's Omics....Tel 88865 Foreign Exchange Dept. $8666 General Offical kanser p 78567

Cashier's Offies

R

38569

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.

(Incorporated in China) ^ Capital paid up 2/7/185,000,000, $7,000,000. Reserves

Capital Savings "Dept, $500,000, Reserve Bavings Dept. $600,000.

Head' Office-Shanghai (

A Bank having as its mission the industrial development of China and the fostering of her commer=" cial relations; abroad, teddy Hong Hung offical-7. Ice House B). Phase 3101-94)

Is It Insured? ?

· Insuranės All Challen BANK LOWEST RATES SKA

tion of banking businesses transacted. ** American Asiatic Underwriters

Current

Accounts and Bavings s Fed. Ino", U.STARS Accounta received: thed. Fixed Deposits

fon: batismohd Záléh will be quoted

Special

fen. Special rates riven for

taken. Bafe Deposit. Boxe

PHILIP GOCKCHIN

Chief Manág

LGOCKOHIN Asst. Manager

tipi under

Agents

な

Head Office

7

H.K. and S. Hote] $48. H.K. Lands $30% sa. H.K. Land 4% Debentures

102% n?

Shanghai Lands Sh. $16 n. Metropolitan Lands 8h, $12.20 B. Humphreys 891⁄2- 8.

H.K. Realtfes $5.10 n. Aala Realtles "A", Sh, $100 m. Asia Realties “B” Sħ. $15 m.' Chinese Estates $90 n. China Resities Sh. $9.69 n. China Debentures Sh.$128 .

Poblle Utilities

H.K. Tramways $16.05. Peak Trama (old) $8% n.. Peak Trams (new), $6 n. Star Ferries $89: n. Yaumati Ferries $22 n. C. Lights, $9,15' 8.- H.K. Electrics $65% n. Macao Electrics $25 n. Sandakan Light #8 s. Telephone (old) $23 B. Telephone (new) $10 n. China Buses Sh. $12.40 m. Singapore Traction 10/8 n. Singapore Pref. 20/6 m.

Industrials Malabon: Sugar #8%1⁄2 n.. Cald: Macg. (Ord.), Sh. $16 n Cald: Macg, (Pref.), Sh. $16 n. Canton Ices $2 n. Cements $78. Converted. H.K. Ropes 82.60 n.

Stores, etc.

Dairy Farms $198. Watson $3 b. $3.30 sa. Lane, Crawfords $8.75 m Mackintoshs, $21 n. Sinceres $8 p.

Wm. Powells, 70 ets, 'n. Wing On (H.K.) $105 m.

⠀ Miscellaneous... H.K. Amusementa #1.85 n. Entertainments $6.40 n." 8.C. Enterprises $1.85 m; Macao "Greyhounds,” $2 n. Constructions (old); $1,70 n. Construction (new) 45 cts. n. Vibro Piling $5

March 28. The following quotations from New

to be based wholly on technical C.Wheat May 03

July

014 grounds.

C. Corn May 18 Grains; Dust storms in the W. Wheat May 84% North-West and South-West, firm STOCKS:-- cables and an improved flour demand Con Gas N.X.

Amer Smelting 33%

rought better buying in Wheat by Da Pont

the Trade, and broader profit-taking Elec Pend & Sh. · B1⁄4 /

10%

10%

80 8.8%

5

274

1416

6347

34

in all grains in the final hour of General Motors 27,

Int Tel & Tel Light offerings and the Loew's Ine trading. strength of Wheat, were the main Montgomery W. 25% 23% factors influencing the Corn mar- Nat Distillera 20 25% ket.

N.Y, Central 12% 124 Standard Oil NJ 37371⁄4 "Cotton: Frices were steady, dua U.S. Steel. 287 *98 to trade buying, mainly for price fixing, but advances were attracting selling.

posed to a date which will be an- nounced later, when the St. John's Ambulance Cup will be run for.

· THOMSON & CO,.

Secretaries.

PUBLIC AUCTION

THE

THE undersigned have received Instructions to sell by Public

Auction

ON

Saturday, the 30th. March, 1935 commencing at 10.30 a.m.

at No. 34 Mody Road, 1st Floor, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

(Full particulars from catalogue) On View, from Friday, the 29th March, 1985

Terms: Cash on Delivery,

LAMMERT BROS.,

Auctioneers.

Hong Kong, 28th, March, 1985.

Everything BUT YOUR

gone

SAVINGS

ពន្លឺពន្លឺ

CLOTHING

HEAT

RAW RUBBER PRICES

"Rubber: The Rubber market was

TAXES

WATER

Singapore

ateady, but the volume of business Latest Quotations From passing was small. Dealers wera the principal buyers, while Commia- sion hour were selling. Estates in the East were heavy sellers in London. They held off when. prices were lower.

"Sugar:. The entire market, was dull but steady. The Spot quota- tion remained unchanged, while there were offerings at the 8.10 cents basis. All refiners were quot- ing 4.70 cents."-Reuter,

Messrs. E. A. Pierce & Company's report on the opening of the mar keta:

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

Spot 20. unchanged.

· April-June-20%1⁄2 unchanged. July-Sept. 214 unchanged.. Oct-Dec. 224 down Market:-Undertone quietly opti mistic. Selling price. cent higher on all positions.

SHANGHAI AND HONGKEW WHARF CO., LTD.

Utilities were strong, while Rall issues were slightly off in a session of mixed and light trading at the

At a Board Meeting held in opening of Wall Street to-day.

Shanghai yesterday a final dividendi The Cotton market is meeting of $7.50 for old shares and $5.00 for selling on rallies. The domestic new was declared.for the year 1984. trade is a buyer on setbacks, but is The Annual General Meeting will not following advances.

Latest Quotations

be held on April 26 and the transfer books will be closed from April 15 The following quotations have to 26, inclusive, |been received by Reuter, a

XY./London cross-rate

Prev. To-day's close alore

4.78% 4.79%

11.14

61.68

N.Y. Cotton-July... 11.10 N.Y. Rubber-July ... 11.92 11.84 Chi go. Wheat May 98% 35% Chicago Corn-May 78 79 Montreal SilverMay 61.50 Silver Official 613 61.

Dow Jones Averages

To-day's Mar 26. close Change 50 Industriale 08.07.100.35 1.88 up 20 Rails 27.00 27.01 .25 'up 20. Utilities 10.14:18,42) 28 up 131'off

40 Bonds...) 94AY 04,10.

11 Commodity BABAE A

Index 55.81 50.50 1.28 up

16 Leading Stocks

Amer Smelting

Auburn

|3. 1. Caso

Elec Bond & Share ;)

General Motors

Int Tel & Tel: ...

Montgomery Ward

Not Distillers

NY: CentralG

U.S. Stealt

Ch. Gort, 5% 1925 GBBda Business Done ---600,000 shares.

H.K: Govt 4% Loan; 6%% prem

20%

20%

HK Govt 34% Loan 25 prom

and, one]

Case of

eported in

the Colóny during the 21. March 26

rs, anded.

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST.

INC.

Aria Life Building Hồng Tons Tel:80234

S. E. Levy & Co.

ICE HOUSE, STRIKT -

INFRATMENT BANKERS & BROKERS

NEW YORK, COTTON EXCHANGE

COMMODITY EXCHANGE, ING. N.I. CHICAGO BOARD OF TRADE": CANADIAN COMMODITY KICHANGE,