1935-05-08 — Page 6

BANKS

HONG KONG AND SHANGHAL

IN

BANKING CORPORATION

Rathorised Capital $50,000,0

Saned and Fully Paid-up.

20,000,000

Sterling...

£ 6,500,000

$10,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Eoyal Charter, 1852.

· HEAD OFFICE- LONDON.

|Pakiong"-Capital

Reserve Fend

£3,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Belges

Reserve Funds

Silver

ewe Liability of Pro-

prietors

`READ OFFICE; HONGKONG. BOARD OF DIRECTORA

Chairman, Cucht, Kas.--

Deputy Chair

S. Morrison Esq

.M. T. Johnson, Esq. EM Hon. Mr. J. J. Paterson,

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

„„Ț. X. Graybarn, hetge.

BRANCHES pum

Bombay

Hon M, WH. Bell,

AHL Compton Esq.

NOR

WLOOK

KUALA LUMPUR LONDON

LIONS

antoni

MAKITA

MCAR. (Johorsă

MURDEN

NEW YORK

PENTING

PENANG

RANGOCOS

ELIGION

SAN FRANCISCO

SHANGHAL

SINGAPORS

SUK BABAYA

SUNGE PATAKI

TIENTS

ΤΟΣΤΟ

181SOTAC

YOKOHAMA

Lera Locosm úpssed in. Local Cozzanay "And Fitne Duponte. Pomivat. fm one For

periods Lock Company and Meriag 'art work wil bundled www_a@planation. Hong Kong, 7th May, 1935

Singapor

Bourabaya Taiping

Meden

Mangkah

Kew York Perping

Hinder

(Poking) •

Takadama Zamboanga

(B)

LOCAL DOLLAR FALLS

THE CHINA-MAIL WEDNESDAY, MAY 8, 1935-

EXCHANGES

ommerce and Finance

Silver Prices Improve

The local dollar has fallen farthing, opening on demand this morning at 2/414.

Spot silver advanced to 354 and forward to 33-15/16.

The London on New York cross- rate was quoted at 5-US$48CY, as compared with £-USHS while the New York on London cross- rate was quoted at E-US$4.833. and Food Deposis as compared with 5 US$48476-

"Fokies" "Dashings and General Banking Boston

roosdreď - Ber"'ona yur 'ne shorter · periods, “ak (endas

A BREARLEY.

Manager Hong Kong, 1st January, 1935

THE BANK OF CANTON, LED.

Established 19EL

Houd Offcas-Hong Kong.

Authorised Capital

Paid-up Capital

Fatal Resources.

$11,000,000

8,655,000

82,170,492

NEW YORK STOCK

MARKET

Impressive Business In Oil Shares

IRREGULARITY EXPECTED

TO CONTINUE

Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francines. In their market report. Messrs. London" Banker: Llyds Bank, Lid,

Foreign Exchange

and Banking E. Levy and Company. corres- business of every discription transpondents for Messrs. White Weld acted

and Company, New York, statez-

Stock: We believe that irregu- continue to-morrow. The action of oil shares was impres- Safe Deposit Boxes (vaziona size)|sive. Business done: 310,000 Ker hire.

one

Current Accounts opened and Fired HONG KONG SAVINGS BANK Deposits. recsired for

year or farity will aborter perioda at rates which will be Ignoted on application. ·

This Businom, of the abary Basit be, wombat- as the BOND LONG AND SHANGHAI

BANKING CORPORATION

stead' on application.

Boing many be

FOR THE HONG KONG AND KHAMOHAI -RÄNENG CORPORATION

T. 12. GRATBUKL

Chief Manua

Har-Kong, 25th February, 1935.

り

THE BANK OF EAST ASIA, LTD.

kathered Capinst.

Bates and individed. Profma

--

„£16.808.3000

HEAD OFFICE: HONG KONG.

Vaux Bond Camera).

DIRECTORS :---

bow, Chakraútte

BOARD U

Là Loss Chen, Eng

WOME

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST !

To Safeguard Your Valuables

Data and Jewelleries.

Deposit them in a Vants that is really* FIRE-PROOF BURGLAR - PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT located on the Merramina - Floor of New building is Specially Con-

Yes Tray Rag Cha Ching Shak, Zag. Li Lab Our

Laviom

shares.

Commodities: Speculative posi- tions were generally small, even mo derate offerings-influencing prices) We would prefer purchases of corn, wheat and copper on further set- back for a trading turn. The be lief is increasing that Mr. Johnson, Manager of the Cotton Pool, may Irelease some "spot" replacing them with new crop fatures. Total sales: Wheat: 15,227,000 bushels; corn: 8,345,000. Rubber: 46 lots. (Continued on Page 7)

Log, Wang Chu zon, Seg, and hang Xistracted to provide all of then In-RAW RUBBER PRICES

In Tong Yu. Bag, Chief Muinge.

BRANCHES AND AGENCIES.—-—-—--

Bestche

Bhunghat.

Paris Priping

wydney

Pensag

Saigon

San Framoleer

Kvar desplies së Bunting,nal Exchange,

Losts grassed, as approv Arouca Openč, ka Local Currene

and Thai Deposita, sponível for wo jour.

*

shorter perioda in Lecal and Fursiga Cerveces

hors which will be quoted .co spplicaties.

Bad Dupont Dozen To Le

HAN TONG 20,

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Head Office.Shanghai -

Capital

Branches

portant Qualities

You may obtain a Safe Deposit

Box in this most up-to-date Vanit for Latest Quotations From

[your own, mas at a very moderata Ben-

Inspections Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House "Street" and Des Voeux Road, Central

THE

AMERICAN EXPRESS COMPANY,

INC.

Bead Office: 65, Broadway, New York

‚U.S.$5,000,000.00 2084112.89 1,295,521.31

Singapore

Messrs. H. B. Joseph 2nd Co. have received the following Straits Cir- rency quotations from Singapore for Raw Rubber.

Spot 18% unchanged b.; 19 s. Jan-March 22% b., 2204s. July-Sept. 20% down 1⁄2 b, 2014

Oct-Dec. 21% unchanged b., 214

*S. >

Market:--Statuant.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICD-

15. Brassobureă Street, London, Z.C.$.

Authorised Capital

Subscribed Capital

Paid-up Capital

Chief Kupaget.

Capital Surples Beserves

-BRANCHES

Ambergera

Gabon

The Lagoe

-$7,500,000,00

$1,500,000.00

All Important Cities -in-Ching

Boubac

Brand Cairo Calcutt

Sim Kapins Pessoa

Pulpit Rotterdam Rome

Liverpool

Cate Colonc Copenhag Doblig Zdibangk

Colomba

Thorndaa.

Kuda Lipia

Manaaksen Monte Carlo

.. Xala Lumpur

Yokohama

Fory Kong Howra

Maniak

Muertet

Foreign Exchange

and General

Banking Business transacted.

Current and Saving Accounts opener and Fixed Deposits received for one gear or shorter periods at rates whick

. be quoted on application.

SOU Z. CRANG,

Manager.

24, Der Voeter Road, Central

HONG KONG BRANCH:

Manager's Office ......Tel-33685

Foreign Exchange Dept.

33666

General Offßes ..........

33557 83589

-Cashier's Office -

Branches of Amirdens Ingress Cons- pany in Principal cities of United] States of America and Canada

Reserve Fund & Rest..

BANKENS:

3.000.000

1,800,000 1.050.000 1247422

The Back at England Midland Book,, Ltd. KRANCHES 1 Ipwb*** Kandy

Borsby Calestia

WIND

Karachi Kota Bharu

York

Port Louis

(Mansiti

BADOOD Shanghel

Kamatan (Pabang) Simis Hadram

Singapore

EmeryTM"description of making sod. Zzhanga Band- qane, izsmanoted.

Trustee and Executorshipe under

talen.

INTFREST allowed on Cummet onderzda ani

All classes of Commercial Banking and Dessin at me that some be securtain Fransactions undertaken.

Personal investment accounts-

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1889

Capital (inly paid-up) Yen. Reserve Fund

મહત્વન

-Head

* YOKOHAMA

ches and Agencies -xt:

(Dains)

New

Company offers to intending | Travellers the use of the arc Cheques" and Letters of Credit and, In addition, the world-wide services} ,000 its thoroughly equipped. Travel De-

Jeneiro

EW. DUGGAN,

Manager.

THE WING ON BANK LIMITED

Head Offer: Hongkong 26, Des Your Road Central Authorized Capital $10,000,000 LONDON BANKERS; Westminster Band, Ltd

Foreign Exchange and every descrip |tion of banking businesses transacted: Current Accounts and Savin

Accounts opened. Fixed

received at zatos which

on application Special

A■ Special deposits

Truste

Dep

"; "Dunn's Book Crotal

Hong Kong, 1st April, 1985, -1

THE SHANGHAI COLLERCIAL & SAVINGS BANK LIMITED Cincorporated in China) Capital paid up

$5,000,000. Reserves

$7,300,000. Capital Savings Dept. $500,000. Reserve Springs Dept. $600,000. Head Of Shanghai

A Bank having us ita miniconthe- Industrial development of China. and the Zostering of her cons cial relations abroad.

Hong Kong offcn=-7. Ten Hi

Is It Insured?

LOCAL SHARES.

TO-DAY'S QUOTATIONS

The following is the list of local share quotations issued yesterday

Baalis.

HA Bank $975 sit

EF Bank (London) £12434 Chartered Bank 14 he Mercantile Bank 1 B. 1914 Mercantile Bank: C. 4131⁄2°n. Bank of East Asia. $91 27 -Am: 0. Finance Corp, Sh.$15 2.

China, O. Fin. Ord., Sh. $1.80 në China 0. Fin: Pret. Sh. $42

Canton Ins. $215 a Union Ins. $355 1 China Under writers $1 China Fire Ins: $400 n. Hard Fire-Ins, $200 n. International Assce. Sh.$474, 11.

Shipping.

Douglases $39 n. HK Steamboats $4 sa. Indo-Chinas (Fref), $90 me Indo-Chinas (De£), $93: n Shell (Bearer) $56/1035 m. Union Waterboats $115 1

Mining

Antamoks 70 ets. n. Balatoes $34 1 Baguio Gold 21, cts. n. Benguet Consolidated $11 n. Benguet Exploration 10 ets 22. Benguet Goldfield 10 cia. n. Big Wedge 8 cts. Gold Creek 23 cts. D.. Gold River ↑ cts, Ipo Mining,85 ets. n. Itogans-30 cts. D.

Salaeots 12 cts. n. Kailan, Mining Ad, $17/3 n. Langkits (Single). Sh814-17" S'hai Exploration Sh.441⁄2. S'hai. Loans St $54 m. Raubs $52 n. Feat

Goldfield $5 D Docks, etc. HX and K Wharves $35.

Cum.rts.

On Singapore

On Japan

On New York-

COMMODITY PRICES GREAT GOLF ACTIVITY

1154:11.52

IN JUBILEE YEAR

(Continued from Page 17

French Golf-

The standard of golf in France as indeed, in most other contin jental countries, has risen consider- |ably in recent years, and the Anglo-

French match is expected to be

In Joly several Important com petitions will be decided on the 11.66211.703-Continent and it will be in full ac

117 cord with precedent if British golfers figure prominently in them

· TO DAY'S QUOTATION-

The foll

quotations have

{On London-

On 1-1, and demand

Yesterday Closing

→ months* sight

{New&Tork Cott

Credits 4 months” sight

2/6

3175- 11.76-

¡On Shanghai-

July

11.76-

1175

On demand

140

October

1150

11:48

December

11.55

17.55

On demand

01

Jan (1936)

11.60

11.57

March

11.69

11.63

close affair.

On demand

2014 Spot

12.15 1215

On India

New York Rabbi

On TL and deman

Lafay

July

On demand

September

Credits 60 days, sight

60

October

December

On demand

January

71.74 TL32 $115 1200 ∙12.00 12:08 $12.09

Chicago Wheat:

||May:

968

95

July

96

9434

September

9632

954

Chicago Corn:-

591

114

533

$1%%%

September

7875

764

Winnipeg"

May

July 334

STE 99%

$64

nom. New York Sugar-

35% pa!

27

dia. May

HK and K. Wharres ex right $85

HK and K. Wharves right HK. and W. Docks $92 s. Providents (old)~95 cts. B Providents (new) 20-cta. 13. Hongkew Sh. $267, 1. New Engineering Sh$5 n S'hai Docks Sh. $110 m-

Cotton Mills.

Ewo Cottons Sh' $9.30 n Shanghai Cotton (old) Sh.$88 1. S'hai Cattons (new) $82 TL Zoong Sings Sh. 381⁄2 1. Wing On Textiles: Sh. $55 n.

Lands, Hotels, etc. ELK. and S. Hotels $4 b. HK, Lands $35 32.

HK Lands $36 n.

100% b.

Shanghai Lands Sh $2011⁄2 m Metropolitan Lands Sh. $10 n. Humphreys $914 1

HK Realties $4.85***

Asia Realties "A" Sh. $75. m.. Asia Realties "B" Sh. $10 m Chinese Batates. $90-n China Benities Sh. $7 1 China Debentures Sh 3123 1

Public Utilities

HAK. Tramways $134 ́n. Peak Trans (old) $871⁄2 n. Peak Trams (new), $6.1. Star Ferries $80 a. Yaumati Ferries $20 n. C. Light $40 S. HK Electrics $60 b. Macao Electrics $231⁄2 ni. Sandakan Light $8 a." Telephone (old) ($19 mi Telephone (new) 39% në- China Buses Sh $111⁄2 n --Singapore" "Trsction 26/8 L.

Singapore Fret: 20/6 n. Industrials m Malabon Sugar 3871⁄2 ne- Cald: Macg. (Ord), Sh$191⁄2 1. Cald: Macg. (Pre£), Sh$13 n.. Canton Ices $18001 Cements $75. Converted HK. Ropes $22.

Stores, ete Dairy Farms $14 h and Watson $3. Lane, Crawfords $34 n. Mackintosh 39

Sinceres $3

Wm. Fowells, 70 cts. z.

Wing On (HK) 3100 3.

Miscellaneous.

HE. Amusements: $185 Entertainmen

S. C Enterpris Macao "Grey? Constractions Consti

Vibro Palin

93%

H.K. Gort 4% Loan, 672%

On Batavia

On Paris

Ondermini

· Gredits 4 months

On Saigon

"On demand

¡On Manila

On demand

On Bangkok--

On demand

Sovereigns bank buying rate 2/5

Bar silver per uz

Copper Cash

Copper Certs

Rate of Native Interest Chinese Sab. Coin Hong Kong Sub Coin

-par. ¡July

SHANGHAI MARKET

REPORT

Trading After The Holidays

GOVERNMENT BONDS AGAIN FLUCTUATE

the

In their market comment, issued last Wednesday.

American Oriental Finance Corporation [state:--

The resumption of trading after the Easter holidays was marked by

Last year several resounding suc- cesses, came the way of Britishers abroad, notably Pamela Barton's great victory in the French oper |championship-for women and Alfred Badham's triumph in the German jopen championship.

Ladies' Golf Tour

A topic of aboghing interest in feminine goring circles is the selec- tion of a team to tour in Australia. fat the end of the year. Last win- ter a men's team went on todr "down" under." "It was captained. by the Hon. Michael Scath the Bri- No. 1 No.3 No. 1 No:ish amateur champion of 1933, and Con. Con. Con. Concluded Jack McLean, the British 2.35 2.31n: 2:39 239 Walker Cup player who toured "n -235 236 241 241

America with Hagen a few years 245 242 243 245

jago. The team did very well in its 2.53 249 256 252 matches and McLean was the lead- 2.40 234 23 236 ing amateur in the Melbourn Cen-

Sept

Dec.

Jan. (1996)

New York SII—

May

13T

1.37

July

1.31

September

1.30

1.29

Montreal Silver:-

May

July..

September

75.50b 75.00 76.55t

December

76.70b

tenary tourELLONIË

One of the most interesting tour- 1304namente le fast in April for the Halford-Hewitt Cup at Deal This competition, has become extremely "2.15

"the" Old popular and it is now T150b Boys sports gathering of the year 7255nais" festival "of the old school tie 73.70 [brings together hundreds of play- ers from different schools, and the

t-traded b-bid pominal

Cotton: The first notice day for tournament takes the form · of a

July is 25th June with delivery date

2 slight revival of activities on the NEW YORK STOCK

Shanghai Stock Exchange. A num-

ber of transactions both in shares and debentures were recorded un- der

Power and S.M.C. debentures.

the leadership of Shanghaij

EXCHANGE Reuter Quotations

On the following day Shanghat| Power stock was practically the The following Jonly issue dealt in, the 54% deben-ceived by Renter

tures beng done at 83 and preferred at $123. A small parcel of Water Works 75% preferred hands at 14.501-

changed

July

On Thursday and Friday Shang- hai Power was again the chief Eabber- stock dealt in. The total turnover Sept. for Thursday was 550 shares andặt. Wheat 290 bonds while on Friday July shares and 1,923 bonds were traded C. COCI

..

Joly W. Wheat Debentures Main Attraction July Debentures continued to be the STOCKS-- main attraction during. Saturday's, ing

Amier Smelt- half-day session. The only busi-Con Gas. N. Y. ness done outside of debentures was Du Pont

Share General Motors Business wat dalk on Monday. Tel & Tel interest being centered on deben Loew's Inc tures. The total turnover for the Montgomery

-Ward day amounted ta 1881-bonds.

Nat Distil

Jers

team contest on "knock-out lines. English Native Championship

At the end of April the English native men's championship will be decided at Hollinwell, near Notting

|ham - Not the least valuable func- tion served by this event is that it usually brings unknowns" to the *fore at a time when the "tigers” are not properly into their striče.

April will alse be the month for [some intriguing matches-men ver-

sus

wome at Stoke Poges, com bined amateur and professional foursomes" at Addington, and an 45487 484 48855 interfamily tournament waged by pairs of fathers and sons at West

May & locations were

close 10.20 13:00-

117

1176 1176 .11.50 11.51 11.48

.11.66 11.65 ILES .12.2 1178 11.78

96%

43%

231

5496.

The Professionals

Apart from the British cham- pionship and the open and profes 965% sional championships · of Scotland, Ireland and Wales afterward, the $334 chief competitive interest for paid 38 players the series of money- prize competitions on the card, promoted by newspapers and trade interests: The doings of the stars wil be watched with special care this year, because in September the 814 pick of the professionals will be sent 30% to America to defend the Ryder

38%

a transaction in Caldbeck Mac-Elec Boni & gregor preferred.at. 13.

6། ོ་བྲག་

30%

30%-

6%

38%

26% 25%

24

5% Cup

28/

164

16

-16

The last week in April on the Chinese Government Bond Market N. Y. Central Jopened with sharp declines, but the Standard Oil market. quickly recovered and rose US Steel rapidly on Tuesday, followed by a firm trading on the next day. On Thursday the last day before settle {ment, little improvement was noted.

LONDON EXCHANGES

Paris New York

Montreal

Brussels

Geneva Amsterdam

Milan

Berlin

Prague

Madrid

Other rates Silver Spot Forward 2..

London, Yesterday. 73 29/64 4.84 48572 2861 3496/2

War-Loan 3%

58 23/32:

1204

116 2534

33/15/15

106 3/16

British Wireless Service

FOR SALE

Hong Kong

Silver Jubilee Stamps

complete set

used on cover of

First Day Sale 6th May, 1935

GRACA & CO.

· 2624 | nially in Britain

This trophy is played for bien- and the United States between the professionals of -24 Great Britain and America. When ther last met at Ainsdale, England, in 1933, the Britishers won on the 111 st green-by 6% points to 5/2

Worplesdon FoursTORRES

The English native, championship Continued from Previous Column) for women is arranged as usizal focused on lowering their handicap (regardless of the elements) for the figures and beating their best pre-mouth of October, and the season ious round for the home course.will end with one of the most popu=. And a word or two must be said lay team fixtures, the mixed four- about the players on public links, somas competition at Worplesdon. now more numerous than they have So far we have touched only ever been before. Their enthusiasm upon the golf of players in the first testifies that golf need not be "ex-class. The rest of the chib mem- clusive" to be highly enjoyable. bers are busy with their ambitions

S. E. Levy & Co.

STEELNEST BANKERS A BROKERS

NEW YOLD COTTUN EXCHANGES

EXCHANGE

HONG