1935-05-27 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855 HEAD OFFICE: LONDON

Authorised Capital

Sed and Fully Paid-up.

$50,000,000 20,000,000

Reserve Funds:

Sterling

£6,500,000

$10,000,000

Paid-up Capital ... Eeserve Fund

prietors

Alor Star

Amriment

Hangbook

Silver

Reserve Liability of Pro-

prietors

20,000,000 Reserve Liability of Pro-

SEAD OFFICE. HOFOXONG WOLRD OF DIRECTORS,

Agencies and Branches:

- 11. Dodwell, kūną

CG Kaight, Hunt- Deente Chicaneca

Hon Mr. W. H. Bell.

J. A. Plummer. Esq.

A Compton Esq..

M. T. Johnson, Esq. Hoa, Mr. J. J. Paterson,

T. E. Pearce Esq... a. thraybara, bes

G. Miskin Esq.

DATREN

TLPHONG

KAMBUNG LOT KARBEN

Tato

O

HOT

CORR

WOWLOON

".

Cher Mounger.

BANCHE:

KUALA LUXE PTI D S. LONDON

LIONS

XALOCA

MANILA

KUAR (Johore.

KULDEN

NEW TURK

PEIFING

PENAXO

HANDOUX

SAKON

SAN FRANCISCO

SEASONAL

SINGAPURK

SOCRABAYA

FINGEI PATAN

TIENTUON

TOKYO

TRINGTAQ

YOKOHAMA

tabe opened to From Currency Fixed Deponite received for any or borar periode in Loon: Comawng sod Kaeling → here wind will be around na neelustion. Hong Kong. 7th May, 1935.

HONG KONG SAVINGS BANK.

The Banners of the smore Baik tomcat. 15 BONG KONG AND CHANGITAL ANKING CORPORATION.

ed. Applicatios.

POR TER HONG KONG AND SHANGRAI ANKING CORPORATION

V. GATECEN,

Cala Sanagem Hong Kong, 25th February, 1935.

THE BANK OF EAST ASIA; LTD.

Savoured Capital

Capital.

and Undivided Prošli

Baterin

Boosey

THE CHINA MAIL, MONDAY, MAY 27, 1935

and

Commerce

Finance

LOCAL DOLLAR · DECLINES.

Silver Prices Fall

The local dollar has declined a demand this farthing opening on

£3,000,000 $3,000,000

1.

£3,000,000

Balle

Kursekt

- Rangoon Saigon

Jobs

Sorocaba Khanghai.

Calextra Canter

morning at 2/48

Lapar

Cawspars Cebu Colombe Deli

Luchino Mudrin

Sitiawan Sourykayu Talping

Marke

Tongkak

Halpanes

New York

Bombi

Piping

Foo Zbarbin Bong Kong

VERAGE

(Banker

Tokob Zandewag

LOCAL SHARES.

TO-DAY'S QUOTATIONS

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

Banks

HK. Bank $100 sa

BOMBAY COTTON REVIEW

MARKET FAIRLY

STEADY

MANCHESTER WEEKLY MARKET REPORT

Conditions Quieter Than Before

CONTINUED RISE IN SILVER

NEW ADVERTISEMENTS

THE HONG KONG JOCKEY CLUB

SEVENTH EXTRÀ RACE

TMESTING will be held (wea-

[ther permitting) at HAPPY VAL- LET on SATURDAY, 1st June;

Messrs. James F. Hutton and 1995, commencing at 2.30 pm Co. Ltd reported "as follows the old April 24:—

of

The First Bell will be rung-at- 1200 pm

By Order,

C. B. BROWN,

Secretary.

Hong Kong. 27th May, 1995.

Bombay, Saturday. The raw cotton market has ruled fairly steady during the past week. In spite of the hesitancy of the New York market, with the buoy

The re-opening after the holi- ancy of Broach cotton. April-May position was still

far brought any- outstanding feature, resulting in a days has not so widening of difference between this thing special in the nature contract and July-August, partly business, and conditions generally HK Bank (London) £129.

due to short covering and to trans have been even quieter than pre- Week-end advices from viously- Spot silver fell to 35, and Chartered Bank 5147% D

Mercantile Bank A. & R $314nferring of short sales to July-

the States have contained little of forward to 31.

Mercantile Bank C £131 The

August

interest. and the uncertainty. re- Bank of Bast Asia $$1

The market has not shown garding the financial policy for PUT RHYTHM in your Piano playing improvement; and spinners are in- Am: 0. Finance Corp.

the new crop has been reflected in by Learning Syncopation from an ex- China 0. Fiz. Ord, Sh-

different owing to inability on their!)

No. 770 e/o. “China Mal" for parti- part to clear up their stocks, while the vague and Indefalte rumours) perienced Dance Pianist China 0. Fin. Pref. Sh.

which have been coming to hand calars export business has been smaller) than last week--Reuter.

The London on New York cross- rate was quoted at £--US.$4.95. as compared with S-US$4.947. the New York, on Los while

at Forms Parksnew: and General Buzzing beeAL HOM

quoted don

cross-rate Reseacted.

CRIPTING" kusta od hand Front Drepaniter

compared with suited for one Jane de uberine yacimin as roam LatUS$1941⁄4, as which will be casted so appilastion.

A: BREARLEY.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries

Deposit them in a Vanh

that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

On Demand

OUR SAFE DEPOSIT. VAULT Incated on the Mezzanine Floor Our New building is Specially, Con- stracted to provide all of the Im On Demand portant Qualities.

SE

:

Canton Ins. $203 n. Union Ins.. $32214 b. ex div.

$3221⁄2 sa-

China Underwriters $1 m China Fire Ins. $400 n. HK. Fire Ins. $200 n. International Assce. Sh.$41⁄2 2 Shipping

Douglases $3842-1 HE. Steamboats. $$ m Indo-Chinas (Pref), $30. n. Indo-Chinas (Def.). $33 n. Shell (Bearer) 72/6 ni Union Waterboats $11

Mining

Benguet Consolidated $11 D. Benguet Exploration 10 ets n Benguet Goldfeld 10 ct a

£US$196.

Manager Hong Kong, 1st. January, 1935.

EXCHANGES

TO-DAY'S QUOTATION

On London

. On T.T.

2/4

On Demand

2/41

4 Months' Sight.

2/47%

Credits

Months Sight..2/674

On Shanghai-

On Demand

141

On Singapore—

.1023%

of

On Japan-

Antamuks. 68 cts. D.

203

Balatoes $34 n.

On India

Baguio Gold 21 cta mi

Box in this most up-to-date Vault for? your own use at a very moderate Ran. On New York--

You may obtain Safe Deposit j On T.T. and Demand

158

On Demand

.59

Credits 60 Days' Sight

.61%

On Batavia

On Demand

$7

On Paris-

On Demand

900

Itogans 30 cts. n.

Credits 4 Months" Sight

.950

Salacots 12 cts. D

On 'Saigon-e

Kailan Mining Ad. 17/6 n.

On Demand

.893%

On Manila-

On Demand

1183

On Bangkok-

S'hai Exploration Sh.$44. Shal Loans Sh.35 ... Raubs $4.10 b.

$12,000,000

On Demand

Vent: Goldfield $5 n.

*2/5%

Bar Silver per or

HK and K. Wharres 585

Cazi rts.

Bar Silver In Hong Kong Nom

H. and K. Wharves er right

$84 D-

bl

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and

·Des Voeur Road, Central

$10.00 THE BANK OF CANTON, LTD.

*82, cás son ce

HEAD OFFICE:...HONG KONG

22 D FORx Bond Contr

BOARD OF DIRECTORS——

Bir - Chew, Chairma

Lone Clus, Esq. L. Twok, D. Woe

Toog, Cha Ching Shok, Lagu

mang thai trong tâm suy tượng mà In The

Ian Tong Pa. Inq. Chief Manngur. Là The Feng Enq.... Kaunger.

BRANCHES AND AGENCIES:-

Manila

Melbourne

Kanchay

Necom Yor Zack

Qaha

Shanchal

Sydney

Taipond

Faria

Priping

Lookin

Loriom

Bangono

Eigen

Sea Frocksan

Ivar description of Banking and Exshangs Low greed on approved:

"wonected.

Carent Aceczka openi

in Lovel

Fixed Deported for s

Cu

Ther

Established 1912.

Head Office-Hong Kong

Authorized Capital Paid-up Capital Total Resource

8,655,000 Sovereigns bank buying rate 82,170,492

Brancher: Carton Talent Surechi Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, LOL,

Foreign Exchange and Banking Copper Cash business of every discription trans-Copper Cents

acted

par. Rate of Native Interest ...3% pa Current Accounts opened and Fixed Chinese Sab Coin 27 dis. |Deposita rocntred for

.par. aborter periods at rates which will be Hong Kong Sub Coin ¿cuated on application.

ODG JEA

ΟΙ

Safe Deposit Boxes {various" zéses) ter hire.

LOOK POONG SHAN,

THE

Chief Manager

worter periode Loud and Formiga Cup AMERICAN EXPRESS COMPANY.

in meas which will be quod on sppilostios.

Rato Dapon't Jason To Le

IN TONG PO.

Chief Masagst.

$7,500,000.00.

General

INC.

Head Office:-65, Broadway,

New York.

Capital Surplus.

Reserves

4mber

Antwerp

Nealne

Boundary Brezo

.U.S.$6,000,000.00 ****2,087,112.69 1,995,528.31

BRANCHES----

Genos

Gegew

The Hague

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Zead Ofice...Shanghai

Capital

Reserve

Branches

$1,500,000.00

All Important Citica

in China

Foreign change

and

Banking Business transacted.

Current and Saving Accounts opened and Fixed Deposits received for ons rear or shorter periods at rates which will be quoted on application.

SOU Z. CHANG,

Manager.

HONG KONG BRANCH:

24, Des Voeux Road, Central

Foreign Exchange Dept.

Emberg Harve

Interlak

Bemen Caire Calcetto Cambre Colombo Copenhage Lahor Dublia Edinburgh Placson

Manager's Office

Tel. 33565

General Office

Cashier's Office

13666 12587 33569.

THE YOKOHAMA SPECIE BANK LIMITED.

2

Liverpool

Labo

.

معلولا

Peipio.

Korterdec

Roma

Sorthampto

Tacestitos.

Monte Carle

Zorick

Macla

Montreax

Branches of American Express Com- pany in Principal cities of tatted States of Americs and Canada.

BOMBAY SILVER REVIEW

Market Colourless During Week

Bombay. Saturday. Messrs. Merwanje and Sons lin their silver report for the| week ending to-day, write:~.

bas The market on the whole, been colourless during the past week.

Barring some enthusiasm in the middle of the week, prompted by rumours of purchases on the Ameri Jean Government's account" in Lon- WAS idon, business in the Bazaar

inclined to sag towards the close. The tendency was aggravated, under the stress of settlement pressure arising out of heavy stocks.

The up-country demand has aver- aged about 10 bars of silver a day. A surplus of about 30,000 bars is now expected after the May 23 set- tlement.

AN

from There is no silver afloat London to Bombay at this week-end.

The incoming mall steamer is not!

All classes of Commercial Banking bringing any silver from London to Fransactions undertaken.

Personal investment accounts Eandled.

The Company offers to intending Travellers the use of tx. "Kisvaleca {Cheques” and Letters, of Gredit, and, addition, the world-wide services Yen 125,300,000 if its thoroughly equipped Travel De

Established 1889

"spital (fully paid-up) Yen.100,000,000 Reserve Fund

Head OfficeYOKOHAMA

Branches and Agencies at: Kazandria

Bateria

Berlin

Bombay

Calcutta

Canton

Nagasaki Nagoya New York

Paris

Dairen (Dalny) Rangoon Fengstien (Mukdem) "Eão de Jumairo Hamburg

Francisco Sar

Harkow

Sexttle

Bong Long

Singapore Soerabaya Sydney

Tokyo Tsingtan Tingkow

Kong 11th Menchions.

E. W. DUGGAN,

Manager.

THE WING ON BANK LIMITED

Head Office: Hongkong. 26, Des Voeux Road Central. Authorized Capital $10,000,000. LONDON BANKEESDAE Westminster Band, Ltd. Foreign Exchange and every descrip tion of banking businesses transacted. Current Accounda and Savings Ficed Deposits Accounts opened. received at rates which will be quater

application.

Special rates given he

JOE

Special deposits

Trusteeship and Executorshly taben Safe Deposit Boxes for hire.

BIORU PHILIP GOCKCHIN.

Chief Manage

LA GOCKCHIN

Asst. Kantry

TISHU PONG

Bombay-Reuter.

THE SHANGHAI CONLERCIAL & SAVINGS BANK LIMITED (Incorporated in. Chring)

Capital paid up $5,000,000.

Reserves

$7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. 3600,000 Head Office-Shanghai

A Bank having sa ta misgion the industrial - development of China and the fostering af ber Commat- cig}"relationi,abroad.

Hong Kong olles-7 Ics Henta Paino: 11451-4

Big Wedge 8 chs. n. Gold Creek 30 cta. -

Gold River 7 ctx. n.

Ipo Mining $5 cts. a.

Langkats (Single) Sh.$14 32

Darks Me

HK and K Wharves right $5-s. HK and W. Docks $9% n Providents (old) 75 cts. D.. Providents (new) 20 cts, n

Hongkew Sh. $2671⁄2 a.

New Engineering Sh.$5. n. S'hai Docks Sh. $110 m.

Cotton Mills.

Ewo Cottons. Sh.. $8.30 .. Shanghai Cotton (old) Sh$70 ± Shanghai Cottons (new) $43 1. Zoong Sings Sh. $811⁄2 n. Wing On Textiles Sh. $85 n

Lands: Hotels, etc. H.K. and S. Hotels $4 b. HK Lands

HK Lands 4% Debentures 100%

Shanghai Lands Sh$20% n Metropolitan Lands Sh. $10 1. Humphreys $8 n.

HK Realties $43% s Asia Realties “A”, Sh. Asia Realties “E”, Sh.

Chinese Estates $90 n.

China Bealties Sh. $7 z. China Debentures, Sh.3123 n.

Publie Utilities HK Tramways $IL20' z. Peak Trams (old) $814 n. Peak Trams (new), $6 Star Ferries. $7742 n. Yaumati Ferries $20 n. C. Light $7.90.83.

H

Electrics $55 b, & sz Macao Electrics $2374 n. Sandakan Light $6.8. Telephone (old) $18 b. Telephone (new) $83% & China Buses Sh. $11 n. Singapore Traction 10/6 b. Singapore Pre£ 22/6b.

Industrials

Malabon Sugar $5 - Cald: Marg. (Ord.). Sh$191⁄2 2 Cald: Macy. (Pref.), Sh$12 n. Canton Ices $1.80 n Cements $6.20 5. Converted HK. Ropes $2 AL

Stores na

Daily Farms” $12.90 z.

Watson $3% IL

Lane, Crawfords $31⁄2 n. Mackintosh #9 3.. "Sinceres $8 D.

Wm. Powells. 70 cta. a. Wing On (HK) $100 a

Miscellaneous

Is It Insured?? Amusements $1.85

fasurance All Glasses

· LOWEST RATES:A American Asiatic Underwriters

Ped. Inc., USA

General Agents

Entertainments $6.40 n. S. C. Enterprises $1.35% n.. -Macao "Greyhounds" $2 n..

Constructions. (old) $1.40 11... Constructions (new) 45 ct... Vibro Filing $5 a." Ch Govt 5%

92%

1925 GTBda

EL.K. Gost 4% Loan, 5%% prem

HK GOL 344% Loan 2% preu.

Wallice Harpers 45 8.

COTTON CLOTH AND YARNS

Manchester Market

Review

Manchester. To-day-

A feature of some interest has Ibeen the continued rise in silver. which now stands higher than st any period since 1925.

Quiet After Easter On the Manchester Royal Ex- change yesterday was a fery quiet day, and a fair proportion of ¡members were

WANTED KNOWN

Write Box

-LLOYD TRIESTINO.

(Flotte Rizmite Høyd, Triestino, Marittima. Italiana. Ë. Sitzner**)"

NOTICE TO CONSIGNEES

still on holiday Motor Vessel

*MONCALIERI “

From TRIESTE, VENICE, BRINDISI

PORT SAID, SUEZ, ADEN, KARACHI, BOMBAY, COLOMBO. PENANG & SINGAPORE.

Those who had returned did not And any great accumulation of mall, as the Easter Holidays are observed in most of the overseas; markets as well as at home. Trad- Cloth:-There has been no real ers both here and sbroad have yet

Consignees of Cargo are hereby i improvement during

past.

to get into their stride again and

formed that all Goods are being land- week, with buyers in most direc with fresh enquiries few in nuded at their risk into the Godowns of itions only prepared satisfy ber, the additions to order books the Hong Kong and Kowloon Wharf their imperative needs. Indian en have on the whole beer almost & Godowa Company, Ltd, at Kowloon, quiry, has been moderate. Calcut negligible.

the

to

whence and/or from the wharves de- "

thtaking Dhooties and light Several houses have reported livery may be obtained.

Optional cargo will not be landed bleachings, while Karachi was in-', some interest in prices on Indian here, unless notice has been given 43. terested in light white qualities account. Calcutta has been ell-bers prior to vessel's arrival, but car Singapore has taken small lots of quiring for dhooties and malls, ried on from port to port the final which te option. white shirtings and lawns.

whilst Karachi has wanted malls Port of call to China has given very little sup- and white shirtings. Negotiations No claims will be admitted after the port, while West Africa has taken have naturally, so far. made little Goods have left the Godown, and all a few lines of printed and dyed progress, while fancies which were Goods remaining undelivered after the cloths Demand from South in better request last week have 1st June, 1935 will be subject to reaz America has been better, with use- fallen away.

Eastern Market Idle

-for

extends.

All claims against the vessel mas be-uresented to the undersigned,ps or before the 10th June, 1935, or they

ful orders for finished goods South Africa was a healthy pur. One or two quotations for white will not be recognized.

All broken, chafed, and damaged chaser of drills and poplins, shirtings have been made while operations by the Home Singapore, but other far Eastern Goods are to be left in the Godown

where they will be mined on the Trade has been very small. markets have shown. few signs of 1st June, 1905, at 10 am. by our (Continued on Page 7) life. Buyers from Egypt have re-surveyors Messrs. Goddard & Douglas. mained idle, but there has been in the presence of consignees con- little enquiry from the Near East, corned

"In the case of detiable cargo, CO2- for bloaching cloths. Although no signees me requested to inform the great volume of business has been Imports & Exports Office that they arranged for West Africa, condi- have such goods for examination. tions are regarded as being better, and a fair business is anticipated by

LIVERPOOL COTTON REVIEW

Fair Turnover In "Spot" Market

Liverpool, Saturday.

very shortly.

South American trade has been restricted to a few odds and ends, and little of weight has been heard Scandinavia In the "spot" raw_ection market of. Enquiries from (during the past week there was a have been fairly plentiful and it is

fair turnover.

expected that several fair orderi In the futures market, the in will be booked during the week creasing tightness of the "spot" situation, owing to the scarcity of American cotton here, was respon

sible for the appreciation of car LONDON PRODUCE positions and weakness of distant options.

Actual business has been small and speculative interest was negligible.

The Egyptian section has been? quiet, with fluctuations very nar- row. Reater..

LONDON SUGAR

REVIEW Easing In Market Prices

REVIEW

Business Generally Quiet

London, Saturday. Although there was improve-1

No Fire Insurance has been erected. Bu of Lading will be countersign-

LLOYD TRIESTINO Queen's Building.

Hong Kong, 25th May, 1935.

BELFAST LINEN MARKET

Tariff Changes Cause Uncertainty

BELGIAN DUTY REDUCTION SHOULD HELP

The Irish Linen Society "report- ed as follows, on the linen market « for the month ended April 17:—

Flax

bas

some sections of the Irish-The Irish market are now London Produce markets during almost closed for the season

been 恕 the past week, business was gen- Courtrai-There erally quiet-

great reduction of the quantity of Rice Conditions were quiet and flax offered for sale, as the grow easier in sympathy with the East, ers are holding for higher prices but the market has closed steady to compensate them for the depre

Hemp: This market has ruled ciation of the franc..Higher prices » In the London Sugar market dur-firm on a better trade enquiry and are now being paid by spinners.

London, Saturday.

»

Bome ing the past week; prices, after prices have closed unchanged to five and, as a result. values in

classes have almost reached their easing on lack of interest, later re- shillings - np.

A very firm market old level covered somewhat, with refiners Wood Oil: more interested and sellera more was seen, due to American buying Latvian-The Government' stock and to shortage of supplies. of tax has increased during the reserved.

Refined Sugar: This market has Linseed: Business has been rather past month as no bulk sales seem Ito have taken place. Germany is been very quiet. Prices were 11⁄2d subdued.

Linseed Of Demand has slacken-i (Continued on Page 7) down on the week.

Terminal Raws: Prices, fluctuated ed somewhat, but the tone of the

INCREASE IN US. early in the week. Liquidation, to market has been generally steady. gether with absence of demand, Wheat: The market has been!

WHISKY SALES caused values" to ease but after technically less sound, owing to fa- wards, under the influence of hedge vourable developments in the North| covering, most of the losses were American crop, with the result that Amazing Figures Since recovered. Finally, interest again lacking and the market closed there have been some heavy liquida- idull, with prices 28. to d. lower tions, while the Australian market Ton the week-Beuter.

was traders have been very cautious and

Repeal

America started 1935 with less

is still a sustaining factor. 11⁄2 the than 2,150,000 gallons of unsold futures market, business has been four-year-old whisky, though mil- lions of gallons were stored for aging during 1934.

RAW RUBBER PRICES very restricted: Reuter.

Latest Quotations From Singapore

Messtr. E. B. Joseph and Co. have received the following Straits Cur frency quotations from Singapore for-

Raw Rubber v

Spot 20% up. b. 204 s. July-September 21% up % 1. -218

Oct, December 22% up b, 224

Jan-March 23% pb, 234 "Market Firms

NEW YORK SUGAR control administration

FUTURES

Reaction In Market

Prices

New York, Satu-day,

Sworn statements to the alcohol 1934 production showed stocks in the Bhands

increased of distillers |65,000,000 gallons to 99,116,437 gallons during the year. Whisky production amounted to 103,051,325 gallons with more than 60,000,000 of this in the distillers custody at the end of the year for aging.

In the sugar futures market to?

day, there was some Wall Street nervousness, as the result of yester and Cahan support. Prices reacted day's sharp reaction, which was st- temporarily on a flurry of local pro tributed to liquidation" on

Beuter it-taking, reflecting a continted Eastern account