1935-05-25 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

$50,000,000 ased and Fully Paid-up. 20,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Reserve Liability of Pro-

uthorised Capital

Reserve Funds.

Sterling

rietors

£ 6,300,000

$10,000,000

Coba

...ES,000,000

_53,000,000) |

THE CHINA MAIL, SATURDAY, MAY 25, 1935

and

Commerce

Finance

EXCHANGES

TO-DAY'S QUOTATION

00,000 On London-

On TT. and demand

months sight

* Silver ....

Reserve Liability of Pro-

HEAD OFFICE: HONGKONG BOARD OF DIRECTORS.

***, & Dhulwell king.

C. C. Knight Ewq. Deer Chairman.

Hon Mr. H. Bell

JA. Plummer, Esq.

AHL Compton Esq.

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

G. Miskin Esq.

BGMBAT

T. E Pearce Esq.

Y. X. Graybarn, Jagu

BRANCHES →→→→

ECALA LUMPER LONDON

LFOUR

MALACCA

MANILA

MAAR born) MLADEN

NEW YORK

PEIPANG

PENANG

RANGOST

SAN FRANCISOD

<BANGHA

Cat

| Colombo

| Hankor" Karbia

Hong Long

TYDADE

Foreign Banbangu auð· Ganses? Banking busines tected

Carreal Acoeunte opened and Pised Depot secerred for one your or shorter periods at #bich" will be quoted as applestion

A. BREARLET.

Managed Hong Kong, 1st. Jannary, 1935.

THE BANK OF CANTON, LID.

Established 1912.

Bead Offices-Hong Kong

&NOT

TANGIDE

MATANZA

CANTON CREFOO COLOMBO

TAIPEIONG

ELKTOW

DrH

JARORN

Inse

ZARLOOS

Chief InzagHE.

SAIGON

SINGAPORE

SHTRABATA

On demand

On Singapore-

On demand

LOCAL SHARES.

TO-DAY'S QUOTATIONS

NEW YORK STOCK MARKET

Poor Reception For Grams

-OTHER COMMODITIES DISAPPOINT

th their market report, Messrs.

UNION INSURANCE OF CANTON

Century Of Progress Reviewed

HUNDREDTH ANNUAL MEETING YESTERDAY

Presiding yesterday at

*he

NOVEL TREASURE HUNT

Government's Plan In Canada

GEOLOGICAL SURVEYS TO BE MADE

Ottawa. Canada is going on an intensive

The following is the list of local (S. E Levy and Company, cozrel-hundredth annual general meetin cold hunt with the backing of the

Dominion Government. share quotations issued to-day:dents for Mesurs. White Wald of the Union Insurance Society of and Company, New York, state: Canton Mr. Stanley E. Dod 1

The Government's plan is to |· "Stocks: We believe that. better Chairman of the Company, gave 2

in 180 parties buying levels are likely to prevail comprehensive survey of the Com-send eat 900 men before any further important ac-pany's work during its century of under 40 qualified geologists to explore the vast mineralised areas Business done: 1180,000 existence.

from the United States border to Mr. Dodwell traced the trading beyond the Arctic Circle. The ex- "Grains: Deliveries of May corn

treasure hunt will de was brought into existence by a probably be covered by a $1,000,000 and outs met with a poor reception of the Company from 1855 when it peases of the Improved crop conditions are

Total sales: group of merchants in Canton to (more than £200,000) appropria- pressing sentiment. 10.853,000 bushels; Corn: 5,208,000 the world wide business, owned by tion by the Dominion Government shareholders resident in practically The parties will not actually be claims but "Cotton: The market was stageery Continent, into which it had prospectors staking

geological data to nant We would confine purchase grown to-day with assets totalling will secare

serve as a guide f prospectors, over $6,000,000. ito declines.

"Rubber: Considerable outside The Society, despite slightly showing where lie the most "pro- liquidation was well absorbed.

Aadverse trading compared with the mising minging Selds. good demand for Actuals was re-previous year, maintained its dïri- ported after the close of the market. cend of £2 per share, and the Chairman stated that a recom- Total sales: 313 lots.

bushels

¡Paid-up Capital

Reserve Fund

20,000,000

prietors

Agencies and Branches:

Alor Ber

Toile

Rangoo

| Auzitese:

Saigon

Rangior

Credits + months" sight ..2/67

kang

Baraban

On Shanghai-e.

Both bey Cloutie

Eobe

Shanbad

Foals

Cingapur

Labor

Kurbis

Madras

Sitin Sourabaya Taiping

103%

Menila

Kodam

- {Haipereg

Ha

On Japan-

New York

(Bhular)

Palving

On demand

205

[Peking)

Tokobama Zamboanga

On India

On T.T. and demand

160

On New York-

On demand

393

Ranks: HA. Bank $2000 m H.K. Bank (London) £1231⁄2 1. Chartered Bank 14% n Mercantile Bank A. & B. SSI Mercantile Bank C £134 I Bank of East Asia $51 - Am: O. Finance Corp. Sh.515 China O Fin. Ord, Sh. $150 China 0. Fin. Pret. Sh. $i n. Insurances.

1

Tance. bushels

Credits 60 days" sight

623%

On Batavia-

Canton Ins: $203 ni "Union Ins. $320 b. ex. div.

China Underwriters $1 a

→

On demand

¡On Paris-

On demand”

905

Credits + months' sight

935

China Fire Ins. $400. H. Fire Ias. $200.. International Assce. St.$41⁄21⁄2 1 Shipping.

On Saigon-**

On demand

9014

Douglases 365-1

On Manila

$11,000,000

8.658,000 0: demand

119

82.170.482 On Bangkok-

7631

Hankow, Bangkok & San Francisco.

Landon Bankeras Lloyds Bank, Ltd. Sovereigns bank buying rate

2·6%

and Banking

Antamoks 68 cts.

34%

Balatoes $34 n.

Nom

Baguio Gold 21 cts. a.

-par.

Rate of Native Interest Chinese Sub Coin Hong Kong Sub Coin

.36 pa

27 dia

STNUT PATAIT

TIENTSIN

TUETO

TSINGTAO -TOKOHLMA

furmat Accouane opoued to Tool Carrancy Fixed Deposion recited for one year of

we periode in Locs Commas under

as wich wit be angled, in sogbentado. Hong Kong, 7th May, 1935.

Authorised Capital

Paid-up Capital

Total ResearcOR

Branches: Canton. Toishan, Shanghai, On demand

Foreign Exchange business of every diacription trans-Bar silver per 02.

scted.

Bar Silver In Hong Kong. Current Accounts opened and Fixed)

one year Copper Cash HONG KONG SAVINGS BANK Deposits received for

horter periods at rates which will be Copper Cents quoted an application.

Safe Deposit Boxes (various shes) for hire.

LOOK POONG SHAN,

The Business of the swore Back So mandyou

the EONG LONG AND BHANGE

KAKKING CORPORATION, Ral may be

cina: se application.

POR THE BONG KONG AND KHANGHAI TAKTING CORPORATION

V. K. GRATHURN,

Hong Kong, 15th February, 1935

THE BANK OF EAST ASIA, DID.

Bald Capital Stand Undivided Profą mana

600.0

32,636, VORLD0

HEAD OFFICE HONG KONG

De Kant Bond Canal, BOARD OF DIRECTORS

1

Lá Leon Chan, Ing. " I Iwat. Ing. Woog INS. TORE Ba Chashing Shak, Boy I L Song Leg Trong Cau, Son, Teq. and San Time

Tan Tocs Po. Leg. Clint Wasager.

IL Four. Et Yangu.

BRANCHES AND AGENCIES S

Harbourth

New York

Peria

Purping

Pang

Saigon

Sab Pract

Baile Beng Honghel

Sydowy *ck

Tabmatte Tokokszor

Every description of Banking and Exabangy Loads granted an appermet

Current Lesom opći Lool Curven

Fiz Depeche

Chief Manager.

SAFETY FIRST !

To Safeguard Your Valuabīng ·

and Jewelleries

Deposit them in a Vanly

that is really:

FIRE-PROOF

· BURGLAR-PROOF DAMP-PROOF !

OUR SAFE DEPOSIT VAULT

Our New building is Specially. Con- located on the Mexanine Floor of szructed to provide all of these In- partant Qualities.

You may obtain a Safe Deposit Box in this most up-to-data Vault for your own me at a very moderate- Bez

Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTE. Comer of Ice Hose Street and Des Voeux Road, Central

TEK

meter periods in Lomond Forge C AMERICAN EXPRESS COMPANY,

terms which will be quoted on application.

Bats Deposit Date To Let

XAN TONG PO.

Chief Macager.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Head Office

Capital

keserve

Sternchen

.Shanghai

$7,500,000,00

$1,500,000.00

.All Important Cities

in China

Foreign Exchange":

Banking Business trazzacted.

General

Current and Saving Accounts opened and Fixed Deposits received for one fear or shorter periods st. rates which Wid be quoted on applicatiANG,

800

Manager. HONG KONG BRANCH: 24. Des Voeux Road, Central

Tel soses Manager's Office

33665 Foreign Exchange Dept..

23567 General Omos Cashier's Office.

- 23569

THE YOKOHAMA, SPECIE BANK LIMITED.

Fatabbed 1880

“apital (fully paid-up) Ten.100,000,000 Reserve Fund

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

Reservex

.U.S.$6,000,008.00 2.087.112.69 1,995,328.31

BRANCHES:-

Gepos

Achete

The Hague

Авиа Baalve

Harsca

Beckin

Xos

Firs

Pripitis Rorinedam

Bombay Bradet

Catmo

Cannes Colombe Copenhag Dibik Zinbergh

Genera

Hamburg Bartre Heidelberg Interisken For combate Landor Lord

: Lowran

Logate

Lemez

Zorsa Bagba Bowkeyeca Singapore Martika Irmáns

Mouse Corin

Munich Moott

Yokohama

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

All classes of Commercial Banking Aransactions undertaken.

Personal investment scomita handled.

LONDON EXCHANGES

HK Steamboats $4 n Indo-Chinas (Pre£), $30 Indo-Chinas (Def), $33 Shell (Bearer) 71/6 n- Union Waterboats $11

MiningTMTM

Benguet Consolidated $11

Benguet Exploration 10 cts D.

Benguet Goldfield 10 cts.. a.

Big Wedge Sets. D Gold Creek 30 cts. 1. Gold River T cts, I Ipo Mining 85 cts. Itogans 30 cts. I

Salacots 12 cts. n.

Kailan Mining Ad. 17/6 n. Langkats (Single) Sh$14 0. Shai Exploration Sh.$41⁄2 n' S'hai Loans Sh.$54, n. Raubs $4 b

Venz: Goldfield $5 z.

Docks, etc.

London, Yesterday.

Paris

New York

Montreal

75.7/61 4.94% 4.9334

Brussels

29.114

Genera

13.312

Amsterdam

*73234

Milan

60%

Berlin

12.29

Prague

118%

HK and K Wharves $55

Cam. rts.

$64

519 Sellers

2/5 3/16

34%

1063%

3434

Madrid

Athens

rong hong

Other rates unchanged.

Silver Spor

Warloan 314

Silver Forward

--British Wireless Service.

H.K. SHAREBROKERS” ASSOCIATION

Stock Report

The following report was issied by the Hong Kong Sharebrokers' Association yesterday afternooi.

Nat Com. Bark $4 b. Unions $320 XD. b. Douglases $3814 b.

Beng Consolidateds $10 b. Beng Explorations 11 eta, b.. Big Wedge 7 cts. b. Salacots 11 cts. b.

United Paracales 28 cts. k.

Raubs $4 b.

Lands $30 b. Entertainments $5 b. :Gold $ Bonds 92% b.

Govt, Loan 4% 5%% b. Govt Loan 32% 2% b.

HK and A. Wharves er right

$84 21.

E.K. and K. Wharves right $5 H.K. and W. Docks $91⁄2 n Providents (old) 75 cts. he Providents (new) 20 cts. pe Hongkew Sh. $2671⁄2 11. New Engineering Sh.$5 m. Shai Docks Sh. $110 nă

Cotton Mills

Ewo Cottons Sh. $8.30 n Shanghai Cotton (old) Sh$70.p Shanghai Cottons (new) $43 2. Zoong Sings Sh. $821⁄2 n Wing On Textiles, Sh. $55 1

Lands, Hotels, etc.

(Directors),

**

W.

Scheme Acclaimed The scheme has been acclaimed by all the provincial authorities

out there are 150,000 square miles Sugar: Heavy liquidation by out-mendation put forward by the Hon. and in Manitoba alone, it is pointed- side interests and scattered profit- Sir William Shenton, ther taking is improving the technical interim dividend might be consider of pre-Cambrian shield which position

The tone of Actuals is ed. would be placed before the has been practically untouched.

In the first two months of 1955 STT Total sales: No. 1 contracts Board:

gold production in Canada. Was 2000 tons; No. 3 contract: 26,000)

There were present at the meet-maintained at a high level and ag |tons-

ing Messrs. S. H. Dodwell (Chair-gregated 467,991 fine ounces, being "Flash: The American Railway man), J. Owen Hughes, ML Ta bir increased over the corres- Association, estimates carloadings Johnson, T. A. Mitchell and J. A-¦ponding period last year. At $35 for the past week at 583,000 cars, Plummer

per Sne ounce this was valued at |a decline of 29,000 cars from the Hughes (General Manager), J. W-labout $16.380,000 (£3,276,000).

corresponding period of last year. Alabaster, G. S. Archbutt, Jöhu It is believed, however, that the Brown, E. M. C. da Cunha. R. Afuture of the Canadian gold min- Dastur, HPC. Gray, J. H. Hance ing industry does not lie in the C. C. Knight, D. J. Lewis. Lo Chung territory at present being exploit- wan, J. Ormiston," Mrs. J. led, but rather in the immense and Plummer, Messrs. L. P. Ralph, practically unexplored areas of northern British Columbia, the Ryan, the Hon. Sir William E LYukon, north-eastern Alberta, and F. Simmons, in the northern sections of Sas- Shenton, Messrs. W.

Latest Quotations

The following quotations have [been received by Reuter

Prev. To-day's

XYJLondon

cross-rate

X.F. Cotton July

N.F. Rabber July

close elasa

49291 497 11.96 12.58

11.95

12:58

J. Reed. V. E. V. Ribeiro, L E

Chicago Wheat-July 90% 884 S. A. Sleap, M. AR Souza, FW-katchewan, Quebec, Manitoba and Chicago Corr July 8193

Stapleton, A. Stevenson. R LOntario-Reater. Monreal Silver-Dec 76-30 M. closed Stewart, H. Summers, G.. G. N

Silver Oficial

76

76

· Dow Jones. Averages 30 Industrials 11681 11617 64 of 20 Rails

31.20 31.67 47 32 20 Utilities 19.19 19.28 .09 T 40 Bonds

95.17 95.24 0737

s.11 Commodity Index ....

59.23 58.56 .67 of Business Dozes-1,180,000 shares.

COMMODITY PRICES

The following quotations have been received by Reuter.

May 23. May 24 Closing Closing

H.K. and S. Hotels $4 b. and sa. October

December HK Lands $31 n

Asia Realties “A”, Sh. $75 1. Asia Realties "B" Sh: $10 a.). Chinese Estates $90.. China Beatties Sh. $7 a China Debentures Sh$129 1.

•Public Utilities

H.K. Tramways $121⁄2 s2. Peak Trams (old) $8% n. Peak Trans (new), $6 m

Tinson and H. C, B Way.

SHARE MARKET

Mr. G. A. Harriman's Weekly Report

May 25, 1935.

Messrs. A. Harriman & Co.'s weekly share report and market review issued at noon on Saturday states:-

NEW YORK STOCK EXCHANGE

Reuter Quotations

-May 25.

The following quotations, were re- ceived by Eenter:-

close 10.20 11.00-

4.984' 1934

Axy/London 1492%

NY. Cotton

July

11.95

11.34

11.37

Oct

11.69

NY. Rubber

11.54

12.68

July

12.58

12.50b 12.506

Sept

12.72

12.625 12.61b

C. Wheat July 201

89-%

C. Corn July 81%

Market closed

4634

46%

29

2234

16

32

41

27

16

80%

The market during the week under review continued its down w. Wheat July 87% ward trend and prices in some in- STOCKS: stances sagged to new low levels, Amer Smelting 46

Con Gas NY. of trading being Du Pont the volume

100% 100% 101 The main feature of Elec Bond & Sh. 6% moderate. the week was the sharp drop in General Motors 31%

કુ. Hong Kong Trams and Hong Kong Int. Tel & Tel Electrics, the former being on offer Loew's Inc

Montgomery W. 27% at $11.75 and the latter having been at Distillers 2614 done down to $552 Hong Kong NY. Central Lands registered a further decline Standard Oil Nf 49% with sales effected at $30/91, clos-US. Steel ing in demand at $29. Star Ferries could be obtained at STT without attracting buyers, Dairy Farms dropped sharply to a selling rate of $13. Telephones (old) declis- ed from $19 to $18.25 closing with buyers at the latter rate: Minor Hotels issues were again easier: were put through at $4 closing in demand at $3.90.-

New York Cotton:- May *** July

11:93 11.95 11.96

71.69

11.69

1172

11.76

HK. Lands 4% Debentures 100% Jan. (1936)

1176

1178

March

11.79

11.81

J

Shanghai Lands Sh.$20 2

May

Metropolitan Lands Sh. $10

Spot

12.35

anquoted

12.35

Humphreys $3 D

New York Rabber:

HK Realties $44.

May

July

¡September

October

1251b 12.53 12.72a 12.76

12:492

12.584

December

January March Chicago Wheat:

May

July

1278

12.38 12.94 13.03 12.96 13.12 13.18

8934 88 90

.88%

September

91%

39%

December

931

91%

$3

$7.90/8.15 Chicago Cora:—

53

May

8834

844

H.K. Electrics $55 b., 356/55 Macao Electrics $2311⁄2 u Sandakan Light $6 s.

- July

$1%

7934

September

74%

from $8.25 to $7.90.

December

65%

64%

Telephone (old) $18 b. $184 sa Winnipeg Wheat:

Telephone (new) $834 2. China Buses Sh. $111⁄2 n. Singapore Traction 10/6 b Singapore Pref. 22/6 b.

May

¡July

Port Louis

Kota Bhard Kuala Lipis

·Kusis Lamour

Bengoats Shangha

Malabon Sugar $81⁄2 1. Cald: Macg. (Ord.), Sh$191⁄21⁄2 n. Cald: Macg. (Fref.), Sh.$13 ♫ Canton Ices $1.80 m. Cements $6.20 s. Converted. ELK. Ropes n

May

closed New York Sugar:--

Na 1 No.3 No. 1 No. 3 Con Con. Con. Can. 2.531 2.52

85 874

July

Sept

Deci

THE MERCANTILE BANK OF INDIA, LID

HEAD OFFICE:

15. Arenelurch Street, London, EC.S Authorised Capital £3,000,000 Subscribed Capital 1,800,000 ..... 1,050,000 Paid-up Capital Eeserve Fund & Rest.. 1,247,432 The Book of Encisod & Midland Bank. Tatil BEASCHES

Hyper Tork Basebook Bombay Calcutta

Colombo Deli Gale

*The Company offers to intending Travellers the use of its "Bezvalecz Cheques" and Letters of Credit azid, In addition, the world-wide services Boog Kong

its thoroughly equipped Traval De-

Yea.125,800,000 |partment.

Head Offices-YOKOHAMA

Branches and Agencies at:

Ratevia

Berlín

Casston

Daizem

Nagasaki Nagoya

New York

Osaka Paris Perping

Rangoon

Pam Kulden) Rio de Jenstre.

Elimkow

Harbin

Hene Kork

Hong

San Francisco

głow

E. W. DUGGAN,

Manager

THE WING ON BANK

LIMITED

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

LONDON BANKERS Westminster Band Ltd Foreign Exchange and every descrip- tion of, bankung: businesses. transacted.

Current Accounts and Accounts opened. Fixed T received at rates which will be quoted on application. Special rates given fo

Savings Deposits

As Special deposits Executorship mder-

Trusteeship and taken Safe Deposit Boxes for hire

PHILIP GOCECHN 22-Chief Manager:

HACING SET FONG!

Assti: Manager

How'

RENEES

Toon

Kandy

Kamchi

Pentag

(Maarition)

Kumaran (Pahang) Stanis

Singapore Hadres

HONG KONG BRANCH.

· Svery Sasaription of Banking soil Exchange but Tramaliars Chargone `Savonči

Trustee and Executorships under taken.

INTEREST Slowed-on Current Accounda ani Find Deponite za Zorno that may be anchetalind on application

7, Queen's "Zoad Catarat

Hong Kong, 1st April, 1935.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED Ancorporated in China)

$5,000.006. Capital paid ap

00,000.

Eeserves Capital Savings Dept Reserve Serings Dept. $600,000."

A Bank having as its

Industrial development. and the fostering af

cial zelation abroad.

Star Ferries $IT1⁄2 3. Yammmati Ferries $20 z. C. Light $7:85

▼

Industriala

Stores, etc.

Daily Farms $14.

China Lights)

49%

34% 34%

34%

CHURCHESE

FIRST CHURCH OF CHRIST

SCIENTIST::

changed hands at declining rates (Branch of The Mother Church, Cements The First Church of Christ, Scien

(converted) were dealt in at $5.80 tist, in Boston, Mast, USA]~

without any response. Providents

Market (old) were dealt in at 75 cents. In Macdonnell Road, Below Bowen

the Sterling section Hong Kong) Banks again came to business at $995/1010; but Union were a shade!

with sales effected at easier. 3335/40. The tone of the market 254 253 250 2.43 at the close was dull

2.62 2.59

2.56 2.54

Road Tram Station

Sunday Service 11.15 am Subject: SOUL AND BODY

The Sunday school is held on

Eusiness during the week has Sunday Moming at 10 o'clock 270 2.64 2.64 2.59 been done at the following prices: Wednesday Evening Meeting at 6

pm. HK. Banks $995/1010. Jan. (1936) 2.52m 2.43 246n 2.40

New York Silz-

May

July

Watson $34 D

September

141 142 1397 1.38 138 1372

Lane, Crawfordis $91⁄2 in.

Montrezl Silver

May

76.35

July

76.70

Market

September

77.40

closed

December

78.3011

Mackintosh $31. Sinceres $82. Win Powells, 70 cts, me Wing On (HK) $100-n.

Miscellaneous.

HK Amusements $135 n Entertainments $6.40 m S. C. Enterprises. $135 Macao "Greyhounds” $2 a Constructions (old) $140 n Constructions (new) 45 cts. Vibro Piling $ 1

Ca Gor 5% 1925 GBA

FK Govt 4% Loan, 51⁄21⁄2% pre

a asked, b-bid, t-traded, r-nom.

RAW RUBBER PRICES

Latest Quotations From

Singapore

Messrs. H. B. Joseph & Co, have received the following Strmāts Currency quotations from Singa HK Gov. 34% Loan 2% prempore for Raw Rubber..

Sport 20% down s b., 20's Wallace Harpers $5

Unions $335/340.

Raubs $400/474/ Hotels $4

HK Landa $30/31/ Providents (old) 75 cts. China Lights $7.90/8.35. HK Electrics $5544/60. Douglases $381⁄2

HK Trams $12/12/1⁄2- Taumati Ferries $17

Telephones (old) $18/18%. Cements (converted) $6.20. Watsons $2.00, "

July/ September 21 down 1⁄2 ba

213% & Oct/December 22

Jan/March

Reading Room at above ad- dress open Tuesday and Friday, 10

to 12 noon, Monday, and Thursday, 5:30 to 7 pm. The Public is cordially invited to attend the service and visit the Reading Booth

Is It Insured? ?

*Insurance All Classen BO LOWEST RATES American Asiatic Underwriters Fed Inc USA

General Agents?

Head Office

The Band

Ash Lite