1935-04-02 — Page 6

BANKS

HONG KONG AND SHANGHAI

Authorised Capital.

THE "CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

'prietors. ....... 20,000,000 Reserve Liability of Pro

Agencies and Branches:

THE CHINA MAIL TUESDAY,

Commerce and Finance

Silver Declines

⠀A BANKING CORPORATION .

$50,000,000 Incorporated by Royal Charter, 1888.

Issued and Fully Paid-up. 20,000,000}

Reserve Fund

HEAD OFFICE: LONDON

Sterling ****

£6,500,000

Silver Decke

$10,000,000

Paid-up Capital'

Roseżve Liability of Pro-

Reserve Fund

3,000,000! 3,000,000

LOCAL DOLLAR STEADY

** HEAD OFFION; HONGKONG.

prietors

Spot

BOARD OF DIRECTORS.

Aloe Bar

...Itella

Ipok

Bengkak

Karichi

¤ C. Knight, Bay.

Bria

KUIRE

Deputy Chalea.

Baby

Boba

A. H. Compton Esq.,

Carlos

Lurapur

Desper

Kuching

Hon. Mr. J.J. Paterson,

Madran

Qalomba Delal

Want

Xada

Haiphong

Hambur

New York Poizion

Iskow

-K, IL. Dodwall. Kap.

Chainsa

Atorilo

W. H. Boll, Esq., K. S. Morrison Esq., Calet

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

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

AMOY

LANGK

BATAVIA

HALCUTTA

CANTON CHEYDO COLOMBO DREN

BA FOOCHOW

VS MAIPHONG

ANAUDO CAWKOW URRIN

·BONI KET ILOSO

ZOH

·KORR

LIM LOOK

3. M. Graybarnt hog

Chief' Manager.

BRANCHEGI→→→

KUALA LUMPUR

אנתןאן

LYONST

STAT ADCA

MANILA

MUAN (Johniej

NUXDEN

NEW YORK

PRIPING PENANO HANGOON

RAISION

HAN PRANCIBCO

FILANGUA

SINGAPORE

SURABAYA BUNGE PATANI

TIENTHIN

TOKYO

TRISOTAO

YOKOHAMA

Accuum upsand lumal Currency

Deposite received for one, jau

about period in Lonal Company and Berling wrce which will be aunted on pallentia. Hong Kong, 25th February, 1935.

HONG KONG SAVINGS BANK.

farbig Boog Koog

transacted.

TRDALE

Rangoon

Balgoo

Bemarang

Armaghss Blog pre Ravan Hoursbays Tientris Tongkah

· Tolagres Tonbama Kamboanga

Forel Dicasage and General Barking Burton Gurrsal Accounts opened, and Flud Dips resited for one year or sharing periodi að vita Witch will be quoted "on - application, t

A. BREARLEY.

Manager. Hong Kong, 1st. January, 1935.

THE BANK OF CANTON, LTD.

Established 1912. ·

Head Office:-Hour Koog, Authorised Capital... $11,000,000)

Paid-up Capital

Total Resources

The local dollar is steady, opening on demand this morning at 2/0

Spot silver declined 1/16 and forward remained steady, spot be ing quated at 28-7/16, and forward at 28-9/16.

The London on New York cross- rate was quoted at £-U.S.$4793%, as compared with US$4.79.|| while the New York on, London rate was quoted at £U.S.$4.80%, Bs compared with &U.S.$4.79%.

EXCHANGES.

TO-DAY'S QUOTATIONS. On London-

On TT, and demand. 2/-/ 4 months' sight

On Singapore-

Branches: Canton, Tolshan, Shanghai," On demand. Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans- On Japani- |-

Acted.

On demand

Current Accounts opened and Fixed On Indi Deposita recetred for one year, or The HONG KONG AND CHANGHAI shorter periods at rates which will be

quoted on application.

The Business of the noore Bark in good

WASHING CORPORATION.

sed on application.

Hulos taky be

THE HONG KONG AND SHANGILAI

MANKINO.CORPORATION

V. M. GRATHURN.·.

Chief Hanom.

Hong Kong, 25th February, 1035.

THE BANK OF EAST ASIA, LTD.

#wikarioed Capita

Palday Capital

70,000,000,00

St 466 Undid Profits 444,908,30

BEAD OFFICE-HONO IONO

11

Vaus Road Castra.

BOARD OF DIRECTORS- Bed Clay, Chairme

14 Ko Cha

P. Kwok, K. WOON Yes Torg. FR Dan Ching Abak, Eng.. La Lan

Song Zet., Wang Chi Pad, Faq. and Kan. Tidy

Ian Tong Po, -... Chiat Manaqu.

Ki Tom Poop. V-2. Manager,

BRANCHES AND AGENCIES

M

Besisle

Maling

Bemarnag

„Núps44)

New York

Chakka

Party

teakov

polis

Pota

F. Tabo

Bangood

Ebenghal Ringapor kourabaya Bwalow Nadat Talkokä Tsentrin

Tokyo

London

Fan Pro

VEDOTret

Poplog

Yekokanie

LOOK POONG SHAN,

Chiat Manager

SAFETY FIRST!

To Safeguard Your Valuables And Jewelleries.

Deposit them in a Vauls

that is really: FIRE. PROOF BURGLAR PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

On Bangkok-

On demand

Bar Silver per oz..... 28-7/16 | Sovereigns bank buying rate 2/-3/4

located on the Mezzanine Floor of Bar silver in Hong Kong...nom. Our New building in Specially Con-Copper cash stracted to provide all of these portant. Qualities.

Los- Copper cents...

nominal 1% prem

You may obtain Safe Deposit Rate of native interest..3% pa. Box in this most up-to-date Vault for Chinese 'Sub. Cuin ... 28% dis. your own ute at a very moderate Ren- Hong Kong Sub, Coin .... [tul

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

par.

NEW YORK STOCK

·

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banka,

H.K, Bank $1285-ga.

H.K. Bank (London) £127% Chartered Bank S143⁄4 nyugha Mercantile Bank A. & B. 38144 Marcantile Bank C. 4184 n. Bank of East Asia $85% n. Ami O Finance Corp, Sh.820 China 0. Fin. Ord., Sh. 31.80 m. China O. Fin. Pref Sh. $435 n. Insurances.

Canton Jas. $260 8. Union Ins. $415 b. China Underwriters $11⁄2 n Chipa Fire Ins. '$400 n. H.K. Fire Ins. $2121⁄2 b. International Assoe. Sh. $5 11.

Shipping.

Douglases $39 n. H.K.. Steamboats, $74. n.. Indo-Chinas (Pref.), 880, 1. Indo-Chinas (Def.), 838 n. Shells (Bearer) 50/73% n.. Union Waterboats $121⁄2

Mining.

Baguio Gold 89 cta, n.

Benguet Consolidated $14 s.

Benguet Exploration 18 ets. n. Benguet Goldfield 10 cta. n. Big Wedge 10' cts. n.

Venz; Goldfield $5 0.

Docks, etc.

H.K. Wharves $91 n. Cum. rts. H.K. Wharves ex rights $89 n. H.K. Wharves right $10 b. H.K. Dock $98. Providents (old), $1 sa. Providents (new) 20 cta. p. Hongkewe. Sh. $809 m.

NEW YORK STOCK MARKET

Business Shows Slow Decline

MONETARY UNCERTAINTY

ASSERTS INFLUENCE.

In the market report. Messra, S. E. Levy and Company, corres pondents for Messrs. White Weld and Company, New York atate

the market" lucks follow-through. Traders are awaiting the Fension Act. decision,

On the cotton market stop-loss ordern are being uncovered In New montha, while there was price-fixing

Old options."

Latest Quotations

The following quotations have | been received by Reuter.

Prev. To-day alonokkalasmİ

·ZROK N4.B1% 11.10

11.05- 11.68 3450 804

81.708

"Stocks: The modest improvement In the market sentiment during the past week has not altered the longer N.Y/London

cross-rate range, outlook, in view of the slow! decline in business, the growing N.Y. Rubber July 11.35

N.Y. Cotton July 14 Railroad difficulties and the continu- Chicago Wheat-May 95% - ing legislative and monetary uncer- Chicago Corn-May 80%

tainties, which are again asserting Montreal Silver May 62.20 their influence. We continue to Silvor Official foresee further "drifting markets,

Dow Jones Averages [with " temporary upturns which

To-day's Man 28 closo Change should be used to reduce commit 30 Industrials 100.81 101.282 up ments. Business done: 440.000 20 Rails 27.97 28.70.73 up shares.

20 Utilities. 10.60 15.00 unchanged "Grains: The Wheat market con- Bonds 98.48 93.59.10 up

con 11 Commodity, y tinues to be nervous and a weather • Index ... 55.87 55.35 one. We still favour purchases of *:10 Leading Stocka" Wheat on setbacks. Total sales: Amer Smelting Wheat: 7,251,000 bushels, Corn Auburn 5,699,000 bushels, No rains were J. I. Cast received where they were needed.

Elec Bond & Share General Motors "Cotton: Private reports received Int Tel & Tel indicate that generally, farmers Montgomery Ward will reduce acreage by 85 per cent. N.Y. Central Nat Distillers instead of 25 per cent. The market U.S. Steel

.22 off

334

16

50

is thin, and could easily drug lower. Business Done: -440,000 shares.

"Rubber; The uncertainties pre-

valling over the Currency situation |

NEW ADVERTISEMENTS

CLUB DE RECREIO`

7th Annual Athletic Meeting Sunday, 28th April 1935

OPE

PEN RELAY RACE, Teams of 4(2 of 220 yards and 2 of 440 yards). Race to be run at 4.00 p.m. Post-entries from teams will be accepted.

FRED A. XAVIER,

Hon. Secretary.

RAW RUBBER PRICES

Latest Quotations From Singapore

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

Spot 19% up ... April-June 20 up. July-Sept. 21% up 4. Oct.-Dec. 22% up.

Market: Sellers holding off. Selling price 4 cent higher on all

5% positions.

Shipments for this months will be

28

6%

237647,407 tons.

28

13% 28%

still continue to be a depressing in- COMMODITY PRICES

fluence Total sales:-151 lots.

"Flash: Mactivity is estimated

Everything

gone

BUT YOUR

The following quotations have

SAVINGS

at 44.4 per cent, as compared with been received by Reuter. 46.1 per cent. last week."-Reuter. New York Cotton:-

E. A. Pierce And Co's Report

In their market report, the May American Oriental Finance" Cor-¡July poration. correspondents Messrs. E, A. Pierce and Company December of New York state-

ruling on the Railroad Penafon Law. The general tone of the market was

May July steady, but featureless.",

September "Grains: The possibility of mois-October ture in the West and the South- December West, and the weakness of Cotton, January brought lower prices. Trading in.

Wheat was moderate, with practi; Chicago Wheat:- cally no feature of interest. A May

Mar. 31. Apr. 1. Closing Closing 11:0811.01 11:10 ...11.05 10.59 10.50

31.57 11.73

RENT

FOOD

CLOTHING

2/-14

Credits 4 months' sight.2/-% 8,655,000

·32,170,492 On Shanghai-

125

128

On demand

1712

Antamoks 95 cts. n.

Balatoes $49 n.

On T.T. and demand

133

On New York--

Safe Deposit Boxes (various minna)

On demand

484

for hire.

Credits 60 daya' sight

49%

On Batavia---

On demand

71%.

Gold Creek 40 cts. n.

→

On Paris-

Gold Rivera 11 cts. b.

"On demand

730

Ipa Mining $11⁄4 n.

Credits 4 months' aight

760

Itogans 42 cts. n.

On Sulgon-

Salacota 16 ets. n.

On demand

7234

Kailan (Single)" $16/3, n.”

for October,

On Manila-

Langkats (Single) Sh. $15 n.

10.62 10.50

On demand

964

924

S'hai Exploration Sh. $5.2. S'hal Loans, Sh. $6 n. Raubs $5:15 n

January (1986)

ક્

"Stocks: Rall issues made no res-March ponse to the rate decision. Traders Spot are awaiting the Supreme Court New York Rubber:-

10.66 10.55 30.69 10.58

11.30.

11.30

HEAT

TAXES

11.20

11.40 11.36 11.53

11.50 11.68

WATER

11.72

11.95

CHITS

11.80 12.00

0534 94

private report says that unless, the July

9216

914

SAVINGS

dry areas soon receive rain, the re- September

32

:90%

"Cotton: Quiet conditions were September

sult may be serious. May corn is a showing resistance to pressure.. The Chicage Corn decrease in the visible supply is May. good.

SAVE SOMETHING

8096

July.

80% 74% 74% 70%

·70%

N.Y./London N.Y. Cotton

We still believe that we Debentures

lare in a wide trading range.

pressure to sell. The demand was limited.

seen, but there was. no important winnipeg Wheat:

May

85%

85

July

8434

U.9.$6,000,000.00 2,087,112.40 .1,995,628.81

July

11.10 10.94 10.99:

"Rubber: Quiet.. conditions pre- New York Sugar:-

Oct. N.Y. Rubber

July

10.59 10.38

10.44

availed. The volume of trading was

Old New Old Now

་

Sept.

11.85 11.57 11.50

11.50

2.23 2.19 2.23 2.21

11.71

11.66

BRANCHES:-

91

Amsterdam Antwerp

·GADOR Glasgow

Abo

The Hague

Mileg

Naplew

0134

70%

ALE

HAVERE

Pireous

854

Asia Realties "A", Sh. $100 m. Asia Realties' "B" Sh. $18 n. Chinese Estates $90 m.

2.27 2.25 2.28 2.27 2.32 2.30 2.38 2.32 2:38 2.35 2.40 2.37*

2.30 2.25 2.822.27

Bentre

Hamburg

Parlo

Derin

Benbay

Плани

Con Gas N.Y,

20

201

2014

Brunla

Cairo

Du Pont

90 00

Calcutie Canna flombc Coppeungen Porila Fdinburgh

Oscars

Rambapo

Elec Bond & Sh.

China Realties Sh. $9.60 . China Debentures Sh.$123, n.

Public Utilitieni H.K. Tramways $16:40

16/60

<

Alapspor Tentilu Tabrenlos

2828

were offered at 3.20 centa, while New York SUK:- there were buyers at 3.15 cants. May Refined sugar was quoted at 4.90 July cents.

1.28

1.28

1.27

127

Int Tel & Tel

small Mania Carle Manila

Mantri

Vleen Venice Tehokausa Zurich

Loew's Inc."

$14 6. 35%

Montgomery W. 28%

35. 2253

35

22%

Nal Distillers 27

27%

September "Flasher: Fischer's Weekly "Com-| -2015. modity Index was 80.6, as against Montreal Silver:- 81.7 last week.

1.274

Is It

1.202

May

62.20

61.706

$2.75 62.50

03.50 62.95 64.50 64.10.

Head Office

Mar. 28 Apr. 1.

6,88 46.65

6.89 46.75

17, The Band Shanghai

2. Try dosenation, at Daubing vet Esahange! :burinom transacted. on grauitad

provid

Im Local Curren Darrest Amounts oproe At Fixed spoolie received fm one year ne Pohartar pazinle (1 in Trecal and Foreiga Ourensales

Lerma will be quoted on "application. Bate The Borm To Lot.

LAN TONG PO.

Chial MaceyRE.

THE BANK OF TAIWAN, LTD. |

Head Office:-Talboku, FormosE, Incorporated in Japan by Spacia) Imperial Charter, 1889.

Central Bank of Formosa, Nolve

pud Average amount Y.45,000,000

Branches and Agencies.

Japan-Kabe, Osaka, Tokyo, Toko-

ham 1.

Keelung, Makong, Nanto, Shoa, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko

Rugi, Heito, Giran.

China:Amay

Canton, Foochow Han

kow, Shanghai, Swatow. thers:-Bombay,

York

Now

Hong Kong, London. Singapore, · Batavia. Semarang, Socrabaya, Dairen. fe and after April 20th, 1934, the ratf Interest. on Special Current Deposit will be at 1% p.a. on daily bare and the rate for balance over 11010 will be quoted on application (Maximum rate-1%),

Hong Kong Branch

Y. OHNO,

Manager.

3. Des Voeux Road, Central.

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

THE

EXCHANGE

Reuter Quotations

Abril 2.

AMERICAN EXPRESS COMPANY, The following quotations from New

INC.

Head Office:-65, Broadway, New York

Capital Sorplas

Reserver

York have been received by Reuter

Lat

close 10.20 11.00 4.80% 4.70% 4.79%

92%

Starre

Halde ber Interlaken

• `Ierkalem

Landes Liverpoo

Lugane LEZO

Pelpla

Palet me Retardam Fuma. Rah

C. Wheat May 95%

July

C. Corn May 80%

W. Wheat May 25% STOCKS

Amer Smelting 32%

Ivonne

General Motors 28%

N.Y. Central 13% 13% 18% Standard Oll NJ 37

37% 37% Branches of American Express Com-U.S. Steel 28% 29 28 pany in Principal 'cition of United States of America and Canada.lt

All classes of Commercial Banking Transactions undertaken,

Personal investment accounts,

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

* Eatablished 1980

nital fiulle paid-up) Yen.100,000,000 Reserve Fund

Yen,126,890,000

· Head Office:~YOKOHAMA

Pranches, and Agències str.

Alexer 'ria Batavia

bay::

(Dalny) tian (Mulden)

Kong

obtain

Nagasaki

Nagoya

Now York Macke Parts

Pelping

Rangoon

Rio

·Je Janelio. San Francisco

Seattle

Semarang Shanghai

Singapore

Sydney

ontain

Tringtan

THE CHINA & SOUTH SEA BANK,

·AMITED TE

(Incorporated in China): Head Office Shanghai Capital Reserve

87,500,000,00 The Company offers to intending Branches

$1,500,000.00 Travellers the use of its Travelornog

NAll Important Cities sede in Okina Cheques" and Letters of Credit and

Foreign Exchange

General

In addition, the world-wide services Banking Business transacted.

its thoroughly equipped Travel De- partment.

E. W. DUGGAN,

Kanager,

THE WING ON BANK

LIMITED

Head Office; Hongkong 26. Des Voeux Road Central Authorised Capital $10,000,000

LONDON BANKEES Westminster Band, Ltd. Foreign Exchange and every descr tion of banking businesses transac

Current Accounts and

Accounts opened. Fixed

received at rates which will be

an application.S Special rates riven

Special deposita

Trusteeship and Exesute

taken. Safe Depot

PHIL

Current and Baving Accounts opened and Fixed Deposits received for one year or shorter perioda at rates which will be quoted on applica

SOU Z CHANG,

HONG KONG BRAN

24, Des Voeux Road, Centr

› Manager's Omes 100% TH

Foreign Exchange Dept. 4518568) "General: Offlon

Cashier's Office:

THE SHANGHAIC

✯ SAVINGS BANK LIMITE

Capital pak

BHU FONGRES PREM

40 xx

New Engineering Sh. $5 6. S'haf Docks, Sh. $120 m.

Cotton Milla

Evo Cottons Sh. $8.50 n. Shanghal Cotton (old). Sh.$74 n. S'hai Cottons, (new) $45 n. Zoong Sings Sh. $0.30 n. Wing On Textiles, Sh. $55 n. Lands, Hotels, etc. H.K, and S. Hotel $44 b. H.K. Lands $40 b. H.K. Land 4%

102% n.

Shanghai Lands Sh. $16 n. Metropolitan Lands Sh. $12.20 Humphreys $9% 3.

·H.K. Realties $5.10 n.

Peak Trams (old) 381⁄2 1. ́. Peak Trams (new), $6 n. Star Ferries 189 n.. Yaumati Ferrien $22 n.

C. Lights $9.40 h, and sa.

K: Electrics $63% b. and sa, Miaçao Electrics $25 n. Sandakan Light 88 s. Telephone (old) $22.65. b.' Telephone (new) $10 n China Buser Sh. $12.40 n. Singapore Traction 10/8 n. Singapore Prof. 20/6 n, Az Industrials *** Malabon Sugar 381⁄2 n. Cald: Macg (Ord.), 8h. $16 n. Cald: Macg. (Pref.), Sh. 316 n. Cantón Ices 2% n Cements, 37. a. Converted. H.K. Ropes $2,60 m.

Stores, etc. Dairy Farms $194 8 Watsons $8% b Lane, Crawfords 88:75 n. Mackintoshs, $21 n. Sinceres $8 n

Wm. Powella, 30 cts. B Wing On (H.K.) $105

AKO Miscellaneous. H.K. Ambigamenta $1.85 n. Entertainments $6.40, n.

U31:70:

small. Commission houses were the May principal buyers, while dealers were July. selling. The outside markets were September dull, and London closed easy,

December

"Sugar: The market, ruled firm. Jan. (1986) About 25,000 tons of prompt sugars

Mill activity is estimated at 44.4 July per cent., as compared with 46.1 per September cent. laat week,Reuter.. December

Messrs. E. A. Pierce & Company's

New York Met report: on the opening of the mar- keta:

On Wall Street to-day, a higher T. Jan

Copper, Jan.. opening was seen in Rail issues, but

b-hid

HIGHER RICE DUTY FORESHADOWED

Endeavour To Check Heavy Imports

FINANCE MINISTRY: DEBATING THE QUESTION

Nanking.,

In order to check the heavy fimportation of rice into the coun

try the Ministry of Finance In considering an increase of the present import tariff.OR Regulations governing the proposed (increase are und stood to have already been draf the Customs Adi willfah

submitte Finance

START NOW UNDERWRITERS

SAVINGS BANK

84% FOR THE FAR EAST,

INC.

Asia Life Buliding Bong Kong

Tel: 90284

Insured?'

INFANCE All Clausee

ADOW LOWEST RATES

American Anatic Underwriters Fed, Inc., D.S.A.

General Agenta

S. E. Levy & Co.

7 ICE HOUSE, STREET

INVESTMENT, DANKERS L BROKERS.

NEW TOLE COTTON: "EXCHANGE,

COMMODITY EXCHANGE) ING, NY,

'CHICAGO BOARD" OF TRADE

CANADIAN COMMODITY RECHAMOR”

H.K. Once