1935-04-16 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION uthorised Capital .............. $60,000,000| ssued and Fully Paid-up, 20,000,000

herve Funds: Sterling

£6,500,000

Bliver ....... $10,000,000 Benerve Liability of Pro-

prietors

BEAD OFFICE: HONOKOKO., BOARD OF DIRECTORS,

15. 11. Trodwalk. Bay.

Chairman,

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. corporated by Royal Charter, 1868,

HEAD OFFICE: LONDON

Paid-up Capital

3,000,000

Reserve Fond

.£8,000,000 *£3,000,000

......... 20,000,000

Reserve Liability of Pro

prietors

Agencies and Branches:

for Bime

Amoriter

Ipo

622 Balgos

Bangkok

Kara

Patarla

Bombay

Kobe

Kusta

Okate

Ветр

Cawnpore

Bucking

Cobu

Madr

Cajombe

Manila

Tota

Del

Haiphong

Now Tork.

Har barg

Palping

Thingies

Flacksw

Paking)

Totana

Harbin

Latabouaga

C. 1. Kright, Ra. Deputy Chairman

W. H. Bell, Esq. K. S. Morrison Eng., Chlotha

A. H. Compton Esq.,

M. T. Johnson, Esq.

Hon. Mr. J. J. Paterson,

Miskin Esq., 7. E. Pearce E:q4

MOT

BANGKOK

* BATAVIA

BOMUAY BABALGUTTA

GANTON- OREROO AOLO 1:0

DATREN FOODHOW WAIPHONG HAMBIIDO WANKOW RAMIN

· BREW

POT

JOHOHE

KOTE

KOWLOON

Y. M. (mykirs, hog.

Chial, Manager,

DRANCHES 1-

KUALA LUMPUR LONI

LYONK

MALACCA

MANILA

NUAR (Johor)

WIKDEN

NEW YORK

PRITING FRNANO

BANGON

HAIGON

SAN FRANCISCO

HHANOITAT

SINGAPORK

FORRADAYA

BUNURI PATANI

TIENTSIN

TORYO

THINGTAO. YOKOTIANA

*: Current Ancourie opened in Local Currents ME Fited Deposits received for a year se shorter periods to Local Company and Harling farma blok will be used anglication.

+

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK.

"The Thelors of the shore Back le conēzes- the HONG KONG AND HANGJIAT

WAKKING CORPORATION.

hit on application.

Rules may ba FOR THE HONO KORD AND. SHANGHAI BANKING CORPORATION

..

V. M. GRATNORM,

Chia! Wanapok

Hong Kong, 25th February, 1985.

THE BANK OF EAST ASIA, LTD.

Eathored Capital Pold-up Capital

•

6,500,000

Serra and Individed Profile 1,421 900.00

·HEAD-OFFICE :—SIONG. KONU

11, De Vos Road Central

BOARD OF DIRECTORA ----

Als Abou- Chal

14 Koma Chun, Esq... Ist. Du

78 TAE. Fog., Clan Pot Shak Keg

Semarang Bersaban Shanghai

Singap

Biswan Bourabaya

Taiping

Tang Kond „Pirigy, Buskangs, and Camera! Zanking basthan

iraniaclad.

Cuersalissouria opasač sad. Fized Deposlis rely for one your "w› shorter perioda „at salon) which will be quoted on, ngyllenklon.

A. BREARLEY.

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

SAFETY FIRST!

To Safeguard Your Valuáblea and Jewelleries. Deposit them in a Vault that is really:

FIRE - PROOF: BURGLAR - PROOF DAMP PROOF!

THE CHINA MAIK TUESDAY, APRIL, 165 1935

and

Commerce.

LOCAL DOLLAR STEADY

Spot Silver Declines

The local, dollar is unchanged, opening on demand this morning at 2/2.

Spot silver has fallen 1716, to 814, while forward, silver re- mains at 31%.

The London on New York cross- rates were both quoted at -U.S.$ 4.854, as compared with U.S.I 4,84%

NEW YORK STOCK EXCHANGE Reuter Quotations

OUR SAFE DEPOSIT VAULT, located on the Messanine Floor of Our New buildings Specially Con- structed to provide all of these 'Im- portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for ̊C, Corn May 88% your own uss at a very moderate Ran-¡W. Wheat May 80% Ital

STOCKS: Amer Smelting

"April 13.

Finance

LOCAL SHARES.

TO-DAY'S QUOTATION

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

Banks.

H.K Bank $1180- B.

H.K, Band (London) £128 n. Chartered Bank £14 n. Mercantile Bank A. & B. #8134 Mercantile Bank C, #1831⁄2 hi Bank of East Asia $85% n

a.

NEW YORK STOCK

MARKET

Profit-Taking Still Recommended

OILS AND INDUSTRIALS SHOULD GO HIGHER

LEGISLATIVE YUAN

APPROVES NANKING

MUNICIPAL BUDGET

Estimated Receipts Show Heavy Drop

DECREASE OF NEARLY $4,500,000

Nanking.

In their market report. Mesara. S. E. Levy and Company, corres pondents for Messrs. White Wald and Company, New York state: The estimated total receipts and "Stocks: In view of the disap- expenditure of the Nanking pointment that no Supreme Court Municipality for the fiscal year from decision' was given in connexion with July 1, 1934, to June 30, 1935 are the Railroad Pension case, we think balanced at $6,659,007.00 showing

NEW

· ADVERTISEMENTS

'CLUB DE RECREIO

NOTICE

THE ANNUAL ⠀⠀ | ATHLETIC T MEETING will be held on SUNDAY, the 5th May, instead of the date previously advertised.

:

FRED AJ XÁVIER,

Hon. Secretary, Kowloon, 16th April, 1985,

PUBLIC AUCTION

the market acted, well. We look for a decrease of $4,408,581,00, as com- TH

THE undersigned have received instructions to sell by Pubile

higher prices droll and industrial pared with the previous year, Tissues at present, but we are in-cording to the budget recently con- Auction Am: O Finance Corp, Sh.20clined to take profits on further piled by the Comptroller General's China O. Fin. Ord., Eh. $1.80`m: bulges. Business done: 1,110,000 Office of the National Government China O. Fin. Pref Sh. $435 m. shares.

and approved at the regular meeting] of the Legislative Yunn.

Ordinary receipts are estimated at

Insurances. Canton Ins: $260 n. Union. Ins. 6392 aa.. China Underwriters $1.80 n. China Fire Inà. $400 n. H.K. Fire Ins. $215 n. International Asace. Sh. $5

** Shipping. Douglases $89 n. H.K. 8teamboats, $74 n.. Indo-Chinas (Prof.), $80, n. Indo-Chinna (Def.), 888 n. Shells (Bearer) $54/4 n. Union Waterboats $11% n.

Mining.

N.Y./London NY. Collon

July Get.

The following quotations from New York have been received by Reater

Iwat " close 10.20 17.00

April 10, 1.85 4,85 4.864

11.75 11.68 11.70 11.41 11.38 11.39

NY. Rubber

July Sept.

11.78 11.94 11.03

11.07

12.06

12.03

Antamoks 93 cts. n.

C. Wheat May 100%

July

100

100%

Balatoes $48 n.

99%

Baguio Gold. 35 cts. ii.

8054

Benguet Consolidated $14 m.:- Benguet Exploration 15 cts, n.

38% Con Gas N.Y., 22% Du Pont

38%

*38

Benguet Goldfeld 10 ct n

224

Big Wedge 10 cts. ..

93

93

93%,

Gold Creek 40 cts. n.

Elec Bond & Sh 6%

7%

General Motors 29%

20

30

Gold Rivers 10 cts. n.

Int Tol & Tel. Loew's Inc Montgomery W. 25%

7%

8

7%

38

38%

37%

Itegans 42 cta. n.

25%

25%

2744 N.Y. Central 16 Standard Oil NJ 40 U.S. Sted

-273 27%

Kailan Mining Ad. 17-

16

10

40% 3

40%

Langkata (Single) Sh. $18 n.*

31%

S'hal Exploration Sh, $8 n. S'hai Loans, Sb. $6 n.

$11,000,000

Raubs $5% n.

8,658,000 82,170,499

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Cerner of les House Street and Des Voeux Road, Cmtral

THE BANK OF CANTON, LTD. Nat Distillers

Established 1912.

Heid Off-Hong Kong.

Authorised Capital

Paid-up Capital

Woor

Total Resources

La

The Bad Wong Chu tun, Beg, and Kas Ying

Kay Tony Po, Fag.. Chlef Muungu.

Li The Poez. -., Mapeter.

BRANCHES AND AGENT 136 ±---

Mark1+

Hallo

Kaki

New York

Palping

Balila

Slapapans

Sourabaya

Manion

Beka

Puri

Bwslet

Sednas

Haiko Resalula

Kaylow

Penan

Rangoon

Thanials

Ralgow

Ben Frendos

Vancouve Toirhams

By decoration Banking and Eschangi

be transced.

Qarrest

Los, graniež na apprová:

OTTES

Arouzia operać, ja Local

and iTed Deposita cred for one

Branches: Canton, Tolahan, Shanghai, Hankow, Bangkok & San Francisco. London Bankors: Lloyds Bank, Ltd.

Foreign Exchange and Banking business of every discription traan- [acted."

SHANGHAI STOCK EXCHANGE

Little Activity Yet Noticeable

A.O.F.C. Comment

Current Accountu opened and Fixed Depasite received for ODO YOR! or shortor periods at rates which will be

Shanghai, April 10. quoted on application.

Safe Deposit Boxes (various sizes)}

Business was very quiet on the last fer hire.

Shanghai Stock Exchange LOOK POONG SHAN,

were the only Chied Manager Tuesday. Trams

shares dealt in, the price being, for both Registered and Bearer, 31. Shanghai Power 52 per cent debentures changed hands at 85-

THE

shorter periode to Locals and Farsign Of AMERICAN EXPRESS COMPANY,

bems which will be quoted so appiiracies. Hals Treponit Bosse To TAL

KAN TOXO PO,

INC.

Calad Manager.

Head Office: 65, Broadway, New York

Capital

Surplus

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Besarvis

BRANCHES.com

Man

Naala

Casos Glagow The Harus

Bamburg

Harw Heidelberg Jaledakan Yarraleon London Liverpool

Head Office...Shangbal

Capital.$7,500,000.00

Amatorkam Antaky

AMELE

Hejes va

.$1,500,000.00

Branches

All Important ties

in China

Bombay

Foreign Exchange

and

General

Braces

Brused

Caire Clouble Ost Dolombo Copenhagen Dostu Balaburgh: Florence Cineve

Itera Lupins

Monte Carl Maxil Manich

Banking Business transaccounts opened

Current and Saving

and Fixed Deposite received for one year or shorter periods at rates which

will be quoted on application

BOU Z. CHANG,

Mar

HONG KONG BRANCH:

24, Des Voeux Road, Central. Manager's Office ....Tel. 88565 Foreign Exchange Dept.

Cashier's Office -

General Office

33666 38567 38509

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

WIN

Pimene

Rache Felping Pa Bolfardami Boom Shrowbal

Fontiangios Bina por Tentefo Toormlan Vienna Vic Yokoking

was

Un-

The total official and unofficial transactions on the following day amounted to 24 shares, and 14. bonds.

After one day of extremely light trading several parcels of Ewo Mill shares changed hands on. Sa- turday. 600 Ewo Ordinary shares were done at 885 for cash, an- other 200 at 8.40 and another par- cel of 500 at 8.50, both for cash. 8.M.C., F.M.C. and Telephones were done unofficially for cash in small lots.

Ipo Mining $11⁄2 'n.......

Salacots 16 cts. n.

Vons; Goldfield $5 m. Docks, etc.

H.K. Wharves $91 n., Cum. rts, HI.K. Wharves ex right 1904 n. H.K. Wharves right $11 sa. H.K. Dock $83% n. Providente (old) $1 n. Providents (new) 20 eta. n. Hongkewa Sh. $309 n. New Engineering Ch. 35 8. S'haj Docks, Sh. #120, n.

Cotton Mills,

Ewo Cottons Sh. $8.80 n. Shanghai Cotton (old)" 8h,$74 n. S'hai Cottons. (new) $45 n. Zoong Sings Sh. $9.80 n. Wing On Textiles, Sh. 855 n.

Lands, Hotels, etc,

Grains: Easier cables

from abroad prompted the consideration

ON

Thursday, the 18th April, 1935,

at

27

4

at 12 o'clock (noon)

at their Sales Room,

4. Duddell Street

cases Cascade Green Ale (qta.)

11 cases Cascade Green Ala

(pts.)

2 cases Cascade Red Ale (qts)

3 cases Cascade Red Ale (pts.)··

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneer Hong Kong, April 16, 1935.

of profit-taking. Domestic crop $4,258,007 and extraordinary news suggests the accumulation of $2,401,000 making a total of $6,659,- wheat on a scale-down. Total sales: 007, against which expenditure has Wheat: 89,781,000 bushels, Corn: been arranged. The previous year's estimated receipts ware $11,067,588. 12,085,000 bushels."

A reduction of over $25,000 [ 1s] Cotton: The market quiet, with anticipated in the Business tax, but price movements narrow. We still suggest cautions and would purchase decrease is due to the fact that ex- the main portion of the estimated

jon large setbacks only.

traordinary receipts from govern-] "Rubber: There was a good ment properties were last year volume of factory buying, but out-placed at: $4,680,000, whereas this me side interests were shy in following year only $650,000 la expected from THE HONG KONG JOCKEY CLUB advances. Total sales: 607 lots..

this source. On the other hand, "Copper: The upward, impetus sp-administration receipts are estimat- pears to be temporarily spent. Weled at neary $124,000 more than last recommend traders to confine their purchases at fair recessiona.

"The dust storms during the week-end were the worst yet seen

ritory.

[year.

and the storms covered a larger ter- RAW RUBBER PRICES

(Continued on. Page 7)

Latest Quotations

The following quotations have been received by Reuter..

|N.Y./London

cross-rate

Prev. To-day's *alona Klarn

4.86

4.85 11.74

68.00

N.Y. Cotton July... 11.75 N.Y. Rubber-July 11.78 12.08 Chicago Wheat-May 100% 100% Chicago Corn--May 884 88%% Montreal Silver-May 68.90 Silver Official ...... 68% 684

Apr. 18 close Change 30 Industrials 105.42 106.98 67 up 20: Rails

30.80 20.13 .67 off 20 Utilities 17.05 17.05 unchanged 40 Bonda

94.80 84.94 14 up :/ 11 Commodity

Index

Amer Smelting Auburn

J. I.. Casc

Latest Quotations From

Singapore

Messrs. H. B. Josephi and Co. have received the following Straits Cur rency quotations from Singapore for Raw Rubber,.....

Spot-19% up

July-Sept. 214 up'1⁄4%. Oct.-Dec. 22% up %.

Market Steady. Selling price a cent higher on all positions..

EXTRA

T MEETING will be held (wear

ther permitting) at HAPPY VAL LEY on SATURDAY, 20th and MONDAY, 22nd April, 1985, com

mencing at 12.30 p.m. on each day.

The First Bell will be rung să 12 o'clock Noon.

By Order,

C. B. BROWN.

Secretary.

Hong Kong, April 15, 1935.

gone

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

59.71 80.76 .04 up 10 Leading Blocks

874

"Thrilling, trilling, de luxe!

20%

53

Elec Bond & Share

0%

General Motors

20%

Int Tel & Tel

75%

Prace Moore

HEAT

Montgomery Ward

25%

Nat Distillers

27%

ONE NIGHT

TAXES

15%

U.S. Steel

32

of Love

WATER

Debentures

H.K., and S. Hotel $4.45 5., $4.5.7. Central

b.

On Wednesday, 3,000 Shanghal Telephone 6 per cent debentures were done at $92 for cash.

.H.K. Lands $99 8a. official business

in H.K. done

Land 4% .U.S.$8,000,000.00 Shanghal-Nanking Railway, Shang-

102% n. 2,087,112.69 hai Power Preferred and S.M.C.

'Shanghai Lands Sh: $18 ne 1,995,528.31

debentures.

Metropolitan Lands Sh. $12.20 n. Humphreys $9.40 n... - H.K. Realties $5,10 ́n Asia Realties “A”, Sh. $100 m. Asia Realties "B" Sh. $15 n. Chinese Estates $90, n. China Realties Sh, $9.60 .. China Debentures Sh.$123 ni.

Public Utilities H.K, Tramways $154 m. Penk-Trams (old) $81⁄2 n. Peak Trams (new), $6 n. Star Ferries $89 Yaumati Ferries $22 m. C. Light $9,40 s. $9 b. H.K. Electrics $64 sa. Macao Electrics $25 m. Sandakan Light $7 8: Telephone (old) $22% m Telephone (new) $10.10 n. China Buser. Sh. $12.40 n. Singapore Traction 10/8 n. Singapore Pref. 20/6 n.--

Industriali Malabon Sugar-$81⁄2 | nễ Cald::Marg) (Ord:), Bh. $15.n. Cald: Macg. (Pref.), 8h. $16 n. Canton Iced 323⁄41⁄2 22.

Kontrowt

Kurlah

Branches of American Express Com There was practically no busi- pany In Principal cities. of United nese on the exchange on Monday, States of Amerien and Canada.

only a very few debentures and

All classes of Commercial Banking Shanghai Power Preferred shares Transactions undertaken. t.

changing hands.

Personal investment accounta handled.

Government Bonds Firmness was noted, during the first five day's 'trading after the The Company - offers to intending March settlement on the Chinese Travellers the use of its "Traveler Government Bond. Market. Tran- Cheques and Letters of Credit and

however, Capital (fully paid-up) Yen,100,000,000 in addition, the world-wide wryless sactions,

were very Reserve Fund

Yen.125,800,000 sf Ita thoroughly equipped Traval De, small, the total for the period be

partment.

ing estimated at about 80,000,000. Head Office: YOKOHAMA

Despite the steadiness, · the net gains for the period were small, riot. exceeding one point.. The biggest advance was registered by 28rd Year Customs; it amounted

Branches and Agencies at:

Alexandria

Batavia

Berlin

New York

Nagasaki

Nagoya

Osaka

Paris

Peiping

Dakren (Dairy) Rangson Fengilan (Makien) Rio de Janeiro

Ban Francisco Beattie Semarang

Hamburg Hankow

Harbin

Kong Hong

Honolulu Brinking Karach

Lobe London:

Los Angeles “Manila

Shanghai

Singapore

Boerabaya

Sydney

Tientsin.

Tokyo Taingtam Yiurkow

Intocars sllowed" on Unraat Al- for and periods to be obtained on application. CXISHINAMI,

Kong 11th March 1998

'DUGGAN,

Manager,

THE WING ON BANK to 95. Nevertheless, there was

LIMITED

Head Ofee: Hongkong. 26, Des Voeux Road Central Authorised Capital $10,000,000:

LONDON BANKERS; Westrainster Band, Ltd.' Foreign Exchange and every descrip tion of banking businesses transacted, Current Account Fixed Deposit and Savings

Accounts opened.

optimism prevailing regarding an advance in the near future.*** advance in

THE SHANGHAI COMMERCIAL |& SAVINGS BANK LIMITED:

(Incorporated in China)'..

Capital paid up $28,000,000. Reserves............ARYZEN 7,000,000) Reserve Savings Dept 400,000 Capital Savings Dept. $500,000, received at rates which will be quoted Head Office-Blga

application. Special I rates given f Spécial deposits.

Fon

Trusteeship and Executorship unders takon, Bafe Deposit Boxes for hire.

PHILIP GOCKCHINSAN

LA COCKCHINHANGAZI SHU FONG) - Asst:"ManuEON

Aust, Manabet

A Bank having an ita misa

Industrial development

and the fostering

cial relations mbron

Hong Kong olies.

B Phone 314

Cements $0% n. Converted.

·H.K. Ropes #2160_n

Stores, etc. Dairy Farms $19.20 n. Watson $4 A

"Lane, Crawfords: $8,75 n.

Mackintosha, #21 n. Bluceres $8

Wm. Powells, 70 cts, n. -Wing On (HK.) $105, n..

Miscellaneo

HR. Amisaments $1.88 n. * Entertainments. $6.40 n. ** ⠀⠀8.C. - Enterprises $1:35_n.

Macao Greyhounds” $2 n."- Constructions (old) $1.70 n. Construction (new) 45 cts; u. Vibro Filing $5 n.

Ca Goyt 69% 1925 G#Bds

Business, Done:-1,110,000 shares.

COMMODITY PRICES FRIDAY AT THE STAR

The

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

May July

October

December [Jan, (1936)

March

Spot ....

Apr. 14. Apr. 15. Closing Closing 11.67 11.89 11.75

11.74

New York Rubber; Dan.

Is It Insured?

“Insurance - All Glasses. LOWEST RATES

American Asiatic Underwriters

Fed, Inc., USA.

11:41 11.49 11.49 11.49 11.53 11.63 11:59

11.64 11.95 12.00

May July

11.68b 11,97

11.78a 12.06

September October

11.98

12.21

Head Office

11,98a

12,28-17, The Bund

December

12.13

12.44

Shanghai

January":

12.21

12.51

Chicago Wheats

May July

1004

100%

100

99%

September

-100

· 100%

Chicago Corn:-

May

884

July

884

September

.88% 82 794 7744

Winnipeg Wheat; May

89% 9015

8914 1901

New York Sugar:--

No. 1 No.3 No. I No. 8.

Con. Con. Con. Con.

May

July

2.29 2.27 2.81 2.80 2.36 2.85 2.88 2.87

Sept.

2.42 2.40 -2,442.43

Dec.

[2.49 2.46 2.51 2.48

[Jan (1936) 2.39 2.34 2.42 2.35

May July

New York S

1.88 1.88

September

1.88 1.86 *1.51% 1.85

Montreal Silver: May July

68.00 [69:50** ·69,00

68.60

September December

69,80

HK. Govt. 4% Loan, 6%% pTEIL Asked

70,85 71256 71.00

New York Metals;---

H.K., Govt. 31% Loan 2% prem. Diges

Wallace Harpers 46.2.

Copper January

bld

Apr. 11. Apr. 15)

7.11 27.12 495549,253

General Agenta

B.K. Ofee Asia Life

Balding

Tel, 30234

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST, INC.

Azia Life Building

Tour Tour

Tel. 80254

S. E. Levy & Co.

-HOUSE-STRET

INVESTMENT BANKERS" BROKERA

NEW YORK COTTON EXCHANGE

COMMODITY: XXCHANGE, INC. NY

(CHICADO BOARD, OF TRADE

CANADIAN COMMODITY EXCHANGE, INC

NEW YORK,