1935-05-29 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000 Tossed and Felly Paid-up- 20,000,000 Reserve Funds:--

Sterling

Silver

£6,500,000

$10,000,000

Reserve Liability of Pro-

urietors

*HEAD OFFICE: HONGKONG.

BOARD OF DIRECTORS..

~ Dadweil Enqui

Chairman

CC-Knight, Kings

Donut Chilean.

Hos. Mr. W. E. Bil

AH. Compton Es

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853 || HEAD OFFICE, LONDON-

{Paid-up -Capital

$3,000,000

Reserve Fund

£3,000,000

20,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Mor Bar

↑ Bangkok

Xoals

Luching

Kadran

Medan

New York

(B)

Palping

(Pwang) Pace

Lengte

Yokohama

-3

Zamboanga

J. A. Plummer, Eng. Campone

MT. Johnson, Esq. Hon. M. J. J. Paterson,

*G. Mişkin Esq 1. E. Pearce Esq...

AROZ

RANGEUK

WLATPRONO

TX. Thegyben, Day.

Chief: Huanget. *) •

BRANCHES.

KUALA LUMPUR.

LONDON

LYONS

MALACCA

MANILA

X Johor)

NCIDEN

NEW YORK

PEPINA

PENANG

BANGOOK

SAISON

SAN FRANCISCO

SHANGHAI

FINGAPORE

KOERABAZI

RUNUZA MATANZ

TIENTS

TOITO

Cabs

Zakha

Hamburg Funhou

Harbis.

THE CHINA MAIL- WEDNESDAY, MAY 29, 1935

Commerce and Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

"The local dollar declined a half- perry, opening on demand this morning at 2/444-·

Spot silver dropped å farthing to S3-11/16 and forward to. 33-15/16.

The London on New York cross-| rate was quoted at US$4.3% as compared with US$495, Lon- Forge Kesbangs and Ommoral Bumbing best while the New York on

st don cross-rate

quoted was as compared with

Hang Long

Current Ananumam opood and PixelDepartu required for ano yur or shorter paciale si 100[£—US$191.

A BREAKLEY.

Manager Hong-Kong, 11 January, 1935.

5—–US$49478-

You may

EXCHANGES

TO-DAY'S QUOTATION

YOBX

JO LOOK

TSINGTAO

TOKOHAMA

Corum opened in Local OurEDKY

· Fizek Deposits received far vor these padošs in Local Company and Sterling terms wich will be quoted on sogliention. Hong Kong, 7th May, 1935.

HONG KONG SAVINGS BANK.

The Business of the abomi Back by vond met HONG KONG AND SHANGHAI RASTING CORPORATION. Rules may be BİRİDE ON application.

FOR THE HONG KONG AND SHANGHAI SANKING CORPORATION

T. X. OKATBURK

'Hong Kong. 5th February, 1985.

THE BANK OF EAST ASIA; LTD.

Suthorized Capital -

Assero and Podívided Praft

E10.200.000 20

32,436 90.80)

SAFETY FIRST I

To Safeguard Your Valuabled and Jewellazion.

Deposit them in a Vaul

that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF 1

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor Our New bunding is Specially Com stracted to provide all of these Im- On demand portant Qualition.

On Japan

On Singapore---

obtain a Safe Deposit. On demand Bex in this most up-to-date Vanit for your own use at a very modeste Ban On Inte

Inspection Cordially Invitad. THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corner of Ice House Street and

"Der Yourt Road, Central

THE BANK OF CANTON, LID.

Established 1912.

-HEAD OFFICE-HONG TOEG 11, De Tax Bend Central.

BOARD OF DIRECTORS —— Sir Show: Chetron,

Ca Icon Chace. Ex. E Kwok. Eng., THOR

TER Zoog Zac. Chan Thing Fink, Zag

Hausbale Zobe

Trong Chu Note Zeg. and Ken

Is Toug Po. Foq. Chial Manager.

Tee Long Sug. Manager.

BRANCHES, AND 10XXG175 2000

Kalbourne

طين

- Piping

LOCAL SHARES.

ૉ

TO-DAY'S QUOTATIONS

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

"

Banka

HK Bank $1,010 d., $1,030 s. HK. Bank (London) 1234 Chartered Bank £144 D. Mercantile Bank A. & R$ Mercantile Bank C. £193⁄41⁄2 ù. Bank of East Asia. $51′n. Am: 0. Finance Corp. China O. Fin. Ord, Sh. China 0. Fin. Pret. Sh.

--Ingarances.

Canton Ins; $203 n- Union Ins. $33236 b.

Ching Underwriters $1 3. China Fire Ins. $382 n. Ex. div. HK. Fire Ins. $200 2. International Assoe. Sh.$43% T

Shipping.

Douglases. $384 b. HK. Steamboats $4. n. Indo-Chinas (Fref), $30

Benguet Consolidated $11 m.

- Benguet Exploration 30 cts. n.

-Benguet. Goldfield 10 cta a

Bis Wedge 8 cis. Da

On London

On T.T. and demand

4 months' sight

2/4%

Indo-Chinas (Def.), $33 n. Shell (Bearer) $71/3 m.

Credits 4 months" sight

2/534

Union Waterboats $11% n

On Shanghai-

Mining.

On demand

139

Antamolx 68 cts.

Balatoes $34 -

100%

Baguio Gold 21 cts. n.

200

On T. and demand

155

On New York-

Gold Creek 30 etsi -n.

On demand

58%

Gold River 7 cts, I

Credits 60 days' sight

60%

On Batavia

On demand

On Paris-

On demand

$82%

Credits 4 months' sight

9527/2

On Saigon

On demand.

88

Head Office Hong Kong --

On Manila

On demand

116

$11,000,000

Paid-up Capital

8,655,000 On Bangkok--

Fotal Resources

783

33-11/16

· $814

Authorised Capital

32,170,492 On demand

TingiEranches: Canton, Toishan, Shanghai, Sovereigns bank buying rate 2/5

Hänkow, Bangkok & San Francisco. Bar Silver per oz. London Bankers: Lloyds Bank, Ltd,

Foreign Exchange and Banking Bar Silver In Hong Kong ..Nom. business of every discription, trana Copper Cash

acted.

Copper Cents

PIT

Current Accounts opened and Fixed Rate of Native Interest...3% pa. [Deposits recet red for

YOUT OF

274 dis shorter perioda ai raton which will be Chinese Sub Coin

LOOK POONG SHAN,

By mcription of Banking and

Accounts

Exhinse Lone greased en approved

opsori in Imel Curz*** AMERICAN EXPRESS COMPANT, Txted Deposit for "one_Jake or shorter peciods in Lovel and Termiga, Cursele Berton which will be quoted an application

Bale Prosit Boxes To Lak

FAX TONG 70.

Ciel Hansen.

Capital.......... „U.S.$8,000,000.00

Sagaid

·New York

Proses

Hangoon

Saigon

Souzabaga

wedstry Index

Job

jquoted on application.

Hong Kong Sub-Coin

Safe Deposit Boxes (various sises) ¡for hire.

Fan Branden

Tineret

Chief Manager

LONDON EXCHANGES

THE

Faris

London, Yesterday. 73 7/32

INC.

New York

494%

Head Office:-65, Broadway, New York

Montreal

4.94*

Britssels

29.09

Geneva

15.30%

Amsterdam

Surpina Reserves

2,087,112.69 1,995,528:21

Milan Berlin

7.31% 60 12:27734

Vienna

BRANCHES......

26%

Prague

119

ཡ་

Madrid

36 9/32

$7,500,000.00.

- The Bage

Арад

Kavana

Athens

$20 sellers

$1,500,000.00

Haime

Hamburg

Branches

All Important Cities

Paris Parig

Belgrade

219

in China

Bomba?

Foreign Exchange

and

General

Brethez

Other rafes "inchanged

Brusnin

Cairo

Calcutt

Catones

Zarandam Landes Liverpool Loecoe

Silver Spot

33 11/16

Shanghai

Forward

Colombo Copenhage Deblin Lamborgh Flare

Laser

Варле

You Card

Vactica

Madis

Munich

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Bezd Onice ...Shanghai

Eeserve

Cap

Banking Business transacted.

Current and Saving Acconuts opened and Fixed Deposits received for one year or shorter periods at rates, which

it be quoted on application.

800 Z. CHANG,

Manager.

HONG KONG BRANCH: 24. Des Voeur Boad, Central Manager's Omics Tel: 33565-

23666 Foreign Exchange Dept.

38567 General OEB

Cashier's Office

23569

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

Capital (fully paid-up) Yes.100,000,000 Yen 125,800,000 Reserve Fund

Head Office:-YOKOHAMA

Berin

and Agracies' st:

Nagamki Nagoya

New York **FT) Osaka

Paris Peiping

Madren · (Dalny) Rangoon Fangtiem (Muiden) Rio de Janeiro Hamburg

San Francisco

Kong Kong

Griking

Seattle

nghai:

dney

Mostra

-Branches of American- Agpress-Com» pany In Principal cities of United Etates of Americe and Canada.

All classes of Commercial Banking Franaactions "undertaken.

K

Personal investment accous

ibandled

33 15/16 105 9/16 -British Wireless Service.

War Loan 3/

THE MERCANTILE BANK OF INDIA, LTD.

11 HEAD OFFICE.

15, Branchurik Steam, London, Z.CA.

Authorised Capital

Subscribed Capital Paid-up Capital

£3,000,000 1,800,000

1,050,000

Reserve Fund & Rest.. 1,247,432 RANTIES:

The Book of England 4 Miðned Bisk, Lal. FRANCIES:

Bangkok Boerbay Calenta Calomino

The Company "aters to futanding Hervellers the use of its “Izaručers Cheques" and Letters of Credit and, addition, the world-wide services its thoroughly equipped Travel De-Hom partment.

E. W. DUGGAN,

{

Mazazer,

THE WING ON BANK LIMITED

مناوي

Hapy Lang

Joob

Randy

Kota Bharu Koala Lipis

Thom York PARERE Port Louis

--Chisuritian) Раперов Kuala Lampor Shanghai Eisetas (Pabang) Simula

Singapore

BUSO KONG ZEANCH

Cheery dewatiysion of Banking and Etchange band- some transected.

· Inventata Chagona, bussi.

Trustee and Executorships under-

ken

LITEREST JOwed- en Ozmeni

Fload Depoltajat Naras. Cut mar bu mČNE You application.

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

LONDON BANKERS Westminster Band, Ltd Foreign Exchange and every descrip="|||| tion of banking businesses, transacted. Corrent Accounts -and-Savings Accounts opened: Fixed Deposits jreceived, at mates which went be quoted en application Special zuten given fon Special deposits,

Trusteeship and tikken."Safe Deposit

"Quan""Bond Capsed:

Hong Kong, 1st April, 1935.

THE SHANGHAI COMMERCIAL]

& SAVINGS BANK LIMITED

Incorporated in China)

$75,000,000. Capital paid up 101.

Reserves Capital. Bavings: Beserve, Strings

Head Offe

A. Bank having se 28

Ipo Mining 85 cs Itogans 30 ets.

Salzcots 12 ċts. I

Kalan Mining Ad. 1776 1. Langkats (Single) Sh$14 12

S'hai Exploration Sh.441⁄2 m Shai. Loans Sh.55 . Raubs $44 b. Venz: Goldfield $5 p.

Docks, etc.

NEW YORK STOCK MARKET

Slower Business Now

Inevitable

SUPREME COURT RULING CREATES CONFUSION -

COMMODITY PRICES SPENT LIFE TRYING TO

The following quotations have i been received by Reuter

In their market report. Messrs. March S. E. Levy and Company, corre May pondents for Messrs: White Weld

[Spot and Company, New York, state

Stocks-

The view is gaining ground that, May slower business is inevitable: July present as business and the Ad-September_20 1ministration strive to get their December

bearings. Irrespective of bullish January long pull implications from the re-March cent turn of events, we would look May for better buying levels. Business done: 2310,000 shares.

Grains

There is no change in the sitqa- tion to report. Total sules: Wheat; 18,316,000 bushels; Cor 12,411,000 bushels.

Cotton

SECURE FORTUNE

Mar 21. May 25. Grandson Of Diamond

11.67 12.20

12.532 12.39

Closing Closing

New York Cotton”------ July.

11.97

ILSS

October

11.70

1156

December

11.71

1160

Jan-1936)

11.78

11.62

11.79 T1.65

ILS

-12.30

New York Rubber:---

19 12.88b 1996

13.15

-32.80

· 18:28.

13.43

Chicago Wheat:--

863%

"26

September December

883

-887

90%

90%

{Chicago: Corn ¡May

$354

893%

78

7334

7% -

61344

Winnipeg Wheat:- May

83%

$335

$479

Mar July

The goods market is at a stand- July {still.. We would prefer to confine September purchases to futures-on-breaks. December

"

•

61%

Rubber This market acted in sympathy with the decline in the other mar July 84%

the "improving

think kets We statistical position warrants an ac- New York Sugar;— cumulation of the commodity on a scale-down. Total sales: 632 lots.

Copper

July

Futures declined on profit-taking Sept. and stop-loss selling. We favour, Dec. purchases on further breaks as the Jan (1936). International Agreement is protect-}|

Duke Is Dead

FAMOUS CASE WHICH HAS JUST CONCLUDED

Count Ulrich de Civry, grand- son of the "Diamond" Duke,” Charles II of Brunswick, who Ispent almost 60 years of his life an attempt to secure the legacy of about £7.000.000 left by his grandfather, has died in Paris.

He was 80

12.92

His death recalls one of the 13.05a.

most famous lawsuits in French raquoted history, which began 60 years

ago and only ended last January with the failure of the Count's claim

Charles II was declared in- capable of ruling Brunswick and (in 1830 went to live in London.“

is extravagances soon made him actorious in England and France, and he ultimately settled in Geneva, where he died in 1873

Tomb For Legacy He left his jewels and the rest of his fortune to the city, of Geneva on condition that the municipality erected a magnifi- This Fo..1 No.3 No.1 No. 3 cent tomb to his memory- Con. Con. Con. Can condition was fulfilled. 257 255 2.42 2.40 His morganatic, daughter, the 263 2.61 249 246 Countess of Coltar. who was 271 265 257 251 born in London and married the 252m 246 240m 230 Count de Civry, contested the

will.

ing prices regardless of the NRA. New York Silk:-

New York Report

Jaly

Stocks: Confusion was created, September

December

by the Supreme Court ruling.. which is likely to affect the market Montreal Silver:- adversely for some time. Though May

we cannot generalise we would July

hold utility, railroad and merchan~ September

She claimed that she had a 1.3834 1.37 prior right to her father's for- 137Chán 135% ture since he had formally recog 13632 1.35 nised her and granted her the title of "Countess" by letters patent.

73.60 - 73.60b

This case was never settled," 76.35

73:551

but her son, Count. Ulrich. 76,50 74.10% carried on the legal battle.

·75.102

dise stocks. Otherwise, we would December ... 78.00 avoid taking positions until the ea asked, bbid, t-traded, a

fects on the particular industries

4

are more clarified. The decline in prices was due to fears of unres- trained competition and labour dif-

HK and K Wharves $52 s. Cum

HK and E. Wharves or right

H.K., and K. Wharves right FK and W. Docks $91⁄2 n Providents (old) 70 cts. Providents. (new) 20 ctx, n Hongkew Sh. $26772 n. New Engineering Sh.55 n -Shai Docks Sh. $110 TL

Cotton Mills.

Ewo Cottons. Sh. $8.30 n. Shanghai Cotton (old) Sh.$70 m. Shanghai Cottons (new) $43 x. Zoong Sings Sh. $81⁄2 n. Wing On Textiles, Sh. $55 1.

Lands, Hotels, etc. H.K. and S. Hotels $4 b. FK Lands $3011⁄2 b. $31 82. HK. Lands 4% Debentures 100%

b.

Shanghai Lands Sh.$201⁄2 a. Metropolitan Lands Sh. $110 d. Humphreys $8.1.

HK. Realties $4 n

Asia Realties "A", Sh.

Asia Realties “B”, Sh. ̧

Chinese Estates: $90 n. China Bealties Sh. $7.n. China Debentures Sh.3123. z.

Pablle Utilities

HK. Tramways $1160 38. Peak Trams (old) $8% n. Peak Trains (new), 36 2, Star Ferries $1732 n Yaumati Ferries $20 n. C. Light $8 sa. and h. HK. Electrics $561⁄4 za and b. Macao Electrics $2334 n. Sandakan Light $5 3. Telephone (old) $19 b. Telephone (new) $834 = China Buses Sh. $1131⁄2 ¤. Singapore Traction 10/8 b. Singapore Pret. 22/6 b

Industrials Malaboz Sugar $31⁄2- D-

· Cald: Macy." (Ord.), Sh$191⁄21⁄2 nD. Cald: Macg (Pre£), Sh. 12. 21. Cantor Ices $180. n. Cements $6 3. Converted. H.K. Ropes $22.

Stores, etc. Dairy Farms $12.90′′a. Watson $3

Lane, Crawfords $3 z. Mackintosh 39 1 Sinceres $8

Wm. Powells 70 cts, us -Wing On (HK) $100 1.

Miscellaneous.

EK. Amusements $1.85 n.. Entertainments $5.40 1 S. C. Enterprises $1.35 n.

·Macao “Greyhounds” $2 n.i Constructions (old) $140 Constructions (new) 45 cts. n. Vibro Faing 510

→ Ch Goʻl 65% 1925 G$Eds.

92%

HK Govt 4% Loan, 52% prem

HE Govt 34% Loan 2%

Wallace Harpers

Codes.

SINGAPORE RAW RUBBER

It was destined to become his life's work, for it began when he was a young man of 21 and ended. only a few months before his death."

Messrs. H. B. Joseph & Co. have In September last, the Bruns- ficulties owing to the invalidated received the following Straits Cur wick Consistory Court finally rency quotations from Singapore recognised the Count's claim to the fortune, and with this recog- for Baw Babber:--

nition as a basis, he formally

ounced

The Press to-day briefly an- the acquisition of the Twentieth Century Picture Com pany by Fox Fins. Mr. Schenck| is to

become Chairman. There were no other details available

Cotton: Weather conditions are ideal. The statement by Senator Barkhead that a 12-cent loan will be made is generally discredited:

Sugar:-Liquidation was hysteri- cal. Many well-informed traders believe that the Jones-Costigan Act is safe and are buying.

Latest Quotations The following quotations have been received by Reuter

Prev. To-day's. dose

سماء

Spot 20% down b 20% 8. July/September 21% down by sued the city of Geneva for the 1 return of the inheritance in the

218 *

Oct/December 22% down 7 b., Paris court.

223.

Jan/March 23% down 4b,

23% 5 Market:-Firti

MILITARY COURT FOR SZECHUAN

TO FUNCTION SHORTLY

Preparations

Chungking

In January the Paris court dis- missed the claim***

THEFT TRACED BY TOUCH

Blind Man Signals To Detectives

Liverpool

A system of signals between a blind man and detectives in· hid- ing was mentioned at Liverpool

having been Police-court last month, when

completed, the Military Court John Albert Malloy, 84, clerk, of- established by the Staff Corps of Grant-avenne: Liverpool

was

the Provisional Headquarters of fined 20s for stealing a news the President of the Military paper from a kiosk owned by gry Affairs Commission in Szechuan wallian

N.Y./London

Cross-tate

494

494

N. Y. Cotton).

July

11.97 11.86

NAY. Rubberm

Jaly

12.83 à 12.50

B

Chicago Wheat-

July

87

Chicago Corn-m

July ..

13

Montreal Silver

Dec

.78.00

75.10

Silver Oficial

74

Dow Jones Averages

1:20 Rails

20 Utilities

140 Bonds

is scheduled to commence

Jones, of Pitsville-

to avenue. Liverpool"

78% function in a very short time.

Regulations

governing

Jones, the blind man, said he the arranged his papers in such a organization of the Court and way that by passing his fingers

the punishment of both civil and over them he could tell if any

30 Industrials.116.74 113.76 998 or military officials for offences had been taken and not paid for 22.00. 31.44 56 of against the law have been pro-He arranged with detectives that 19.32 19.56 24 omulgated by the order of General he would open and close his kiosk 95.43 95.28 15 off Chiang Kai-shek, President of door quickly if he found a paper the Military Affairs Commission missing. He gave the signal General Chiang, in a telegram after Molloy had been to the from Yunnan to the Comman-kiosk. ders of the various armies in

11 Commodity In-

dexTM...

*58.66-57.70" 96" OF Business Done: 2,310,000 share.

NEW YORK STOCK EXCHANGE

Reuter Quotations

May 29. The following quotations were. re stived by Reuter-m

|N.-Y./Lon-`

don

Last Close-1620-1100

49134 493 49372

.11.97

11.72 1177 .1170 1142 LLAT

N. T. Cotton

July Oct.

N. T. Rubber

July

Sept

Theat

July

12.835 12.556. 12,56 12.96

ST

12.700 12.66.

July:

W. Wheat

July STOCKS

C. Corn

Amer Smelt

ting Con Gas NT Elec Bond &

Share General "Mo-

Int. Tel &

847

Mr. Julius Jacobs, the presid

Szechuan, instructs them that all ing magistrate, said Molloy's army and military officials in the action was mean and despicable. bandit suppression zones in the province shall be subject to the jurisdiction of the Court and shall be tried and punished according to military law in case

Che of violation of the same kiai Agency.

RETRENCHMENT TO BE ENFORCED

Graded Discounts In Official Salaries

Nanking

In order to balance revenue

SHIRLEY TEMPLE

BRIGHT EYES

A FOX Picture

FRIDAY at the STAR

84% income with expenditure for the Is It Insured? ?

current fiscal year, the National Government has issued a circular telegram to the various Govern- ment organs, ordering the en- forcement of a strict policy of retrenchment.

Fesurance == A3) Clames LOWEST RATES American Asiatic Underwriters Fed. Inc. USA. General Agents

shall be Head Office

The order states that alun- necessary expendit curtailed and that 2737 necessity, the sala fment officials” will

discors

of Gover