1935-06-06 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION “

Authorized Capital

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

$50,000,000 Zucarporated by Royal Charter, 1853.

Issued and Faily Paid-up. 20,000,000 Reserve Fundi

Sterling Silver

£6,500,000

$10,000,000

Beserve Liability of Pre-

urietors

HEAD OFFICS: LONDON

Paid-up Capítul

Reserve. Fand

20,000,004 Reserve Liability, of Pro-

HEAD OFFICE: HONGKONG. BOARD OF DIRECTORS,

~ the Dulwell Dog

Chairman.

CC Knight, Foq. Deonte Chaura).

Hoa Ms V. H Bell,

J. A. Plummer, Est-

A. B. Compton E3-

LT. Johnson, Esq.

Hon. Mr. J. J. Paterson,

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

MOT BANGKOK ZAZAVZA

WOMBAY SALOCITA

CANTON

SHEFOO: COLOCBO

DARES TOOCHOW

T. Ongkratta, henge

Chial Manag

BRANCHEN---

KCALA LEXPER LONDON

LYONL

XALLOCA

MANILA

MUAR (Johan)-

MHRDEN

PEIPING PENANG

NEW YORK

WALPHONG

MARENG

KUST DON

Crocs

BANGOOR

SAIGON

"SAN FRANCISCO

KIANO BAT

SINGAPORE

SOCRABATA

SENVEJ PATANI

TIENTSIX

OTROL

YOKOHAMA

Locounts opened as Local Currency and Fizme Deposited for one yer a akpurios in Loma Compnay and

wrting

* mene, which will be quoted on. «pplication.

Hong Kong, 7th May, 1935.

HONG KONG SAVINGS BANK.

prietors

↑ Aloe Bar

Azurite

Bangkok

£$,000,000 $3,000,000

$3,000,000 --

Agencies and Branches:

Holla

Kerschi

Bobe

Rangoon

* Baigen

Semarang

Di Shanghel

11

Bomby Calcutie CARME Cawogers Ceb Colombo - Hapones

Hamding Hankom Harbin

Kuching Nadro Manda Madao Ka Tark

Pripitan

Chatang!

Amarahnya

Taiping

TheSALE

[Dete]

Tingbes

Tokodeine Wanbeanga

TRDALE Sour Song

Foreign Buchungs, and Övaseul Baking busZIRAN ETICHETER.

and Fixed Deposite

1. Current Accounts opened

rogired for one ar or shorter presude as which will be quóvel ca application,

A. KREARLEY.

“Manager

Hong Kong, 1st. Jannary, 1935.

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vanit

that is"really** FIRE-PROOF. BURGLAR-PROOF DAMP PROOF!

THE CHINA MAIL THURSDAY, JUNE 6, 1935

Commerce and Finance

LOCAL DOLLAR

STEADY

Silver Prices Rise

The local dollar remains changed. opening on demand this morning at 274

Spot silver rose 9/15 to 33-1/16 and forward to 33-5-16.

The London on New York cross- rate was quoted at £-US$495, as compared with 5-US$492%, while the New York on London cross-rate was quoted at US$1954 33 compared with S-US$194

EXCHANGES

TO-BAY'S QUOTATION

On demand

Singapore

OUR SAFE DEPOSIT VAI lovas

Hlocated

on the Meanine Floor Our New building is Specially Con- stracted to provide all of these Im portant. Qualities.

On demand

You may

obtain a Safe Deposit On New York- Box in this most up-to-date Vanit for

On demand own use at a very modezata Ban

Tom Bemiere of the above Bank is coodus-your d by the BONG KONG AND SHANGHAI Bulos y be BANKA CORPORATION,

obsed an application.

FOR THE HONG KONG AND SHANGHAT- BANKING CORPORATION,

T. X. GRATBERS,

Chint WroscTT.

Hong Kong. 25th February, 1935

THE BANK OF EAST ASIA, LID.

Mashorised Capital

Pop Capita

Miserie and lizdrided Prote

$23.800.000,00 $4,358,500,0

---23,634 100,00

HELD DEFICE-HOKO KOSO

1 Du Temiz Fond Contr

BOARD OF INRECTORS——

Sir -, Chairman,

54 Loon Chem. Eng. 1 K. Kook die 1. Tour. Che Son, Zug, and Bas Tine

Ian Tong Fo, enqu Chiot, Muongw.. TT Fong Faqe, Maunger.

BRANCHES AND AGENCIES

Malborrow

Kew York

Paris ***

Pomag

Kangem

bag. Findeter

Bemorning.

Trimka

K

Josaber

Every pos & Backing and Zzabangs Bundaan. “Senoritad Lasne practed as approved Į

Current

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

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

Des Voeux Road, Central, -

THE BANK OF CANTON, LTD.

Established 1912.

60%

LOCAL SHARES.

TO-DAYS QUOTATIONS

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

Baaks.

FK Bank $1,005 b. H.K. Bank (London) £124% Chartered Bank $14. n Mercantile Bank A. & E. $3116 Mercantile Bank C. £13 m. Bank of East Asia. 551 m. -· Am. 0. Finance Corp. China O. Fin. Ordy Sh. China 0. Fin. Pret Sh.

Insurances.

Canton Ins. $203. Union Ins. $335 m. China Underwriters 90 cts. n. China Fire Ins. $382' nge H.K. Fire Ins. $200 n. - International Assce. $414 m.

Shipping.

Douglases $35 1. ELK, Steamboats $4 n. Indo-Chinas (Fre£), $30 î. Indo Chinas (DeL). $33 1 Shell (Bearer) 73/1 Union Waterboats $111⁄4 =-

Mining.

Baguio Gold 21 cta. n... Benguet Consolidated $10 n. Benguet Exploration 10 ets n.. Benguet Goldfield 10 cts. 1.

Big Wedge 8 cts.

Gold Creek 30 cts. 3.

¡On London-

On T.T. and demand

4 months” „sight Credits

2/4 2/43%

months sight 22514

On Shanghai-m

111

99**

On Japan-

Antamoks 68 cts. 1

On demand.....

1984

Balatoes $34 n.

On India

On T.T. and demand.. 1543%

5752

Credits 60 days" sight

On Batavia-

On demand

35

Gold River 7 cts. n.

On Paris-

On demand

87274

Credits 4 months" sight 9223

On Saigon”.

On demand

87

1154

79% rate 2/5

33-1/16

nom

INKIL

-par. 1.3% pa. 274 dis -par.

On Manila-

On-demand

On Bangkok--

On demand

Kead Office:-Hong Kong

Sovereignis bank buying Authorised Capital ------ $11,000,000 Bar Silver per oz. Paid-up Capital

8.555.000 Bar Silver in Hong Kong Total Resources

$2,170,492 Branches: Canton, Toishan, Shanghai Copper Cash Hankow, Bangkok & San Francisco. Copper Cents London Banke: Lloyds Bank, Ltd, Rate of Native Interest

Foreira Exzchazey and Banking Chinese Sub Coin business of every discription. tra Hong Kong Sub Coin acted

Current Accounts opened and Fized Deposits receired for

JEST OF

NEW YORK STOCK sharter periods at rates which will be quoted on application.

EXCHANGE - Reuter Quotations

900

Safe Deposit Boxes (variona stres) for hire.

LOOK POONG SHAN,

Chief Maragez-

THE

Arvonnte uno CAMERICAN EXPRESS COMPANY.ceived by Retter

and Fraud Dejanzlo, zamítač, for on your [shorter periode in Local and Foreign Currencier

es bars walch will be quound was upgilencion.

Sale Deposit Boxes Is Ist

Branches

KAN TONG PO..

12.46

INC.

NY. Cotton

Head Offee:-65. Broadway, New York

July

11.54

Oct

1126

June & The following quotations wER-CE:

4964 495 495 NY.Loaden

1141 11.13

11.38 11.10

NY. Rubber.

July

1.2.55

12.50

Capital

‚U.S.$8,000,000.00

Sept

12.68 12.60

12.60

2,087112.69

C. Wheat July 84

83

Reserves

1,995,523.81

C. Corn July 80%

S1

$3

BRANCHES-

STOCKS

Ammertzen

·MHan

"Ausww

Gangaw

233%

23

424 24

Apsona Beste

Bectio

Brathen

Bromate

Caire

**** Magne

Hamborg Heidelbery Interiakoo Sarukalasz London Liverpool

Naples

Paris Pripia Harde

Shangha

Elec Bond & Sh.83% General Motors. 31 Int Tel & Tel

Logs Inc

83 29

$% 30% 30%

$ 394

THE CHINA & SOUTH SEA BANK, Sumpins

LIMITED

(Incorporated in China)

Head Office ...Shanghai

Capital

Волте

$7,500,000.00

$1,500,000.00

All Important Cities

in China

Foreign Exchange. and General

Banking Business transacted.

Current and Saving Accounts OpEDER and Fixed Deposits received for one wear or shorter periods at rates which will be quoted on application.-

Sáu 2. CHẲNG

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. Manager's OfficeTel. 33565 Foreign Exchange Dept. - 33566 33567 -33569-

General Offica

Cashier's Office

Comma Colombe Соркови Dublin Edisbur

Genera

Looupe

Laging.

Legion

Monte Cade

Mandau Mettrout

Tuomine

Zurich

Branches of American Express Com

In Principal cities of Uzitači States of Ameries and" Canada..

Dany

W. Wheat July 83%

Aimer Smelting · 43

Con Gas NY.

Mostgomery W. 25% 2554 N.X. Central

16 163 Standerd Oil NJ 48% 48 U.S. Steel

--- 327%

32%

LONDON EXCHANGES

Ipo Mining 85 cts. 1.

Itogans 30 ets. n.

Salacots 12 cts. D.

Kailan Mining Ad. 17- The

Langkets (Single) Sh$14 m

Shai Exploration Sh.$44. n. S'hai Loans Shi$% Raubs $5.15

Venz: Goldfield 35 r.

Docks, etc.

HK and K Wharves $82 s. Cum

Tts.

EX. and K. Wharves ex right

$814 s

HK and K. Wharves right $4 5 HK and W. Docks $91⁄2

Providents (old) 75 ets. b. ' Providents (new) 20 ctx p. Hongkew Sh: $2671⁄2 m New Engineering Sh.35 m. Shai Docks Sh. $110 m Cotton Mills. Ewa Cottons Sh. $8.30 n.. Shanghai Cotton (old) Sh$70 1 Shanghai Cottons (new) $43. n. Zoong Sings Sh. $84. n. Wing On Textiles, Sh. $55 -

Lands, Hotels, etc. H.K. and S. Hotels $4.15 D. HK. Lands $31% b HK Lands 4%

100% sa

BERLIN STOCK MARKET

Record Prices For Certain Shares

REACTION TO FRENCH CRISIS

NEW YORK STOCK MARKET

Cautions Buying Advised

TAKE PROFITS IF RECENT HIGH LEVELS REACHED

NEW ADVERTISEMENTS

HB BEER REDUCED PRICES

S the Local Dollar Exchange has again risen, the price of HR BEER has been reduced as from the 1st June 1965, by $2.60 In their market report. Messa per case of 48 quarts and $2.50 per

- CHINA MAIL" SPECIAL,

Berlin. Yesterday.

recorded Levy and Company, corres case of 22 pints. Record prices were

yesterday for certain shares. the Pondents for Messrs. White Weld At the same time, as the cost of volume of business reaching con

and Company, New York state-new bottles has been, reduced by "Stocks: We would suggest the rise in exchange. it has been siderable dimensions- All forms taking profits should the market fond necessary to adjust the prices

advance to the recent high levels, paid for returned empties as fol-" of shares were exceedingly firm.

The prime cause of this strong but we would caution against bay-lows upward movement is considered to ing if the market is strong Busi- Pint bottles 2 cents each and be the political crisis in France, (ness done:—1,100,000 shares. quart bottles 3 cents each, or $144

-Grains:-Weather conditions in per case pints or quarts which investors fear might end in currency devaluation. The bank both the Carn and Wheat bels are Payment will be made immediate- holiday in Danzig is also causing favourable and

we would avoid ly if empty bottles are returned to of-bulge buying. Total sales: Wheat: one of our Battle great uneasiness despite the

Depots: Hong ficial assurances that no further-20,357,000 bushels; Com:-10-Kong-No. 7, Daddell Street; Kow- ¡depreciation of the Danzig gulden (502,000 bushels.

loon No. 38,, Carton Road, provid- is contemplated.

Continued on Page 10) ed the bottles are in good condi

Latest Quotations

:

The excessive buying of shares » was favoured by the auzormal li-i

Pret. To-das

C'DOR

tion.

When you buy H. B. Beer you pay

HONG KONG BREWERS & DISTILLERS, LIMITED.

quidity of the moner market here.j The following quotations has only for the Beer. Fixed interest securities were been received by Reuter hardly in demand, but neverthe less. prices remained steady, indi- cating that share buying was not the result of a flight from the bond market. Call money was at 2 to 3-TIRES-Ocean Service..

TRANSPORT

FACILITIES IN

NY/London

cross-rate

1255

F. Cotton July NY. Eubber-July Chicago Wheat July £4 Chicago Corn-July S Montreal Silver-Dec. 75,70 Silver Official

722 Dow Jones Averages

30 Industrials 113.58 113.92 3 up 20 Rails

20 Utilities

LONDON AREA do Be...

Vast Improvements Scheduled

GOVERNMENT GUARANTEES LOAN OF £35,000,000

London, To-day.

*

11 Commodity

Index

$1.22 31.25 02 of

20.37 21.00 29 up

9493, 9495' 02 up

56.79 56.84 .05 p

Business Dome-2,100,000 shares.

CHINESE-AMERICAN TRADE UNION

Branch To Be Set Up In: Canton

Canton, to-day.

As a result of the talks between the members of the American Economic Mission and its commit-

COMMODITY PRICES tee members, the City Chamber of

Commerce has decided to establish The following quotations have a branch of the Sino-American been received by Retter..

the Trade Union. în Cantoni for Prev. Yesterday promotion of trade between the Closing Closing two countries.

A big programme of railway New York Cottons and other transport improvements July

in the London area, involving an October expenditure of £35,000,000, foans December for which it will have an Ex-Jan. (1936) chequer guarantee, is to be under-March taken at once and completed in May... five years.

[Spot

These rast schetties of work have New York Rubber: been decided upon as a result of July

A scheme is now being drafted 1154 II.45

by the Foreign Trade Commission 11.26 11:16 of the Chamber for the approval of 11:29 11.19 the executive committee-Central 7134 13.22 Press

1142

11.32

11.56

·11:34 ·

11.90

11.30

12.55

12.62

many months' negotiations between September the Government and representatives December of the railway companies concerned Jaznuary and cover the electrification of March suburban lines in North-east Lon-May don and some in North London, in Chicago Wheats addition to the construction or ex-July

12.68 12.76 10.98 12.95

12.99a 13.03.

13.12

13.26

-13.28

13.39,

84

83%

pansion of tube, railways, to give September

845

[new

connections

between these December

STH

ST

electrified lines and the City and Chicago Corn:---

July West End

SOTA

80%

Legislation Pending

¡September December Winnipeg Wheat:- July

75%

6334

64%

KWANGTUNG TRADE IN RAW SILK Canton Sends Expert

To Europe

Canton, to-day. With a view to promoting for. jeign trade in local zaw silk," the Bureau for Improvement of Seri- culture petitioned the Provincial Government for the appointment of Mr. Terg Chit-yi, dean of the Agriculture College of the Sun Yat-sen: University, who has been 83% 337

nominated to attend the World Geological Conference, to study the No. 1 No.3 No.1 No. 3

silk business abroad. Con Con. Cop Con-will sail for Europe in the middle Mr. Tens 2.38 2.37 240 235 of this month-Central Fress.

The Chancellor of the Exchequer, in announcing these proposals in Debentures the House of Commons, said that New York Sugar

owing to the high level at which Government credit stood, the Ex- chequer guarantee of the loans

July would, enable the authorities" con-

¡Sept cerned to proceed at once with the

Dec. whole programme, much of which Jan (1936). 236 220 2361, 2.20

Shanghai Lands Sh$2012 m. Metropolitan Lands Sh. $10 n.' Humphreys $8 I

HK. Realties $3.80 n. Asia Realties “A”, Sh.. Asia Realties "B", Sh. Chinese Estztes $90 n.. China Realties Sh. $7 m China Debentures $123 n.

Public Utilities

would otherwise have been defer- Mar

244 242 245- 242,

2.50 246 · 2152 2.45

222

*2.22

red.

New York Sin- The necessary legislation will be July. introduced as quickly as possible September after the Parliamentary recess. December

1.65 1331/2 1.33

1.33 1.2114 1.31

H.K. Tramways

$13.10

b., The programme involves the build Montreal Silver:-

$13.55/45 s2.

ing of about 12 miles of new tabe

July.

73.40

72.65t

Peak Trams (old) $8 n.

railways, the electrification of P-September

proximately 44 miles of suburban December

73.70 73.400 74,70

74.25

railway, the doubling and electrif- January

74.650

74.431

cation of about 121⁄2 miles of fur-a asked, bid, traded, n-nom ther suburban railways and, on the "

Everything

gone. BUT YOUR

SAVINGS

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880 *

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

TOKOHAMA

Head Offe

Branches and Agencies

Aleandria..

Bateria

Berlin

Basabay

Calcutta

Canton Dairen (Daley)

Nagasaki Nagoya

New York Osaka

Paris

Rangoon

Fenption (Muchem) Rio de Janeiro Hamburg

San Francisco:

London, Yesterday.

All classes of Commercial Banking Iransactions undertaken.

Paris New York Montreal Amsterdam Milan

75 11/64 4.95%

4.947/2 7.3224

Berlin

Personal investment accounts handled.

Vienna

Prague

Madrid

Athens

Bucharest

The Company, offers to intending Fravelleen the use of its " Pheques" and Letters of Credit and addition, the world-wide services its thoroughly equipped Travel De |partment.

E. W. DUGGAN,--

Manager.

THE WING ON BANK

LIMITED

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

LONDON BANKERS

My Westminster Band" Ltd.

Foreign Exchange and every descrip tion of banking businesses, tamasacted.

Current

Accounts and Serbagu

Accounts opened Fixed Deposits received at rates which will be quoted

#paHertion. Special special deporte cial rates

Belgrade Montevideo

60 13/16 12.20 264

Peak Trams (new) $6 n.

Star Ferries $77.

Yaumati Ferries $20 n.

C. Light $8.35 b.

H.K. Electrics $5814 b., $58/59 sa. roads, the substitution of trolley Macao Electrics $2311⁄2 n.

Sandakan Light $5 x Telephones (old) $19,90 b., $20 sa. Telephones (new) $82% n.

China Buses Sh$111⁄2 n. Singapore Traction 10/6 b Singapore Pret: 22/6 b.

Industrials

113:9/16

36 5/16 514 sellers

490

218

Malabon Sugar $84 1- Caldi Macg. (Ord), Sh.$191⁄2 n. Cali: Macz (Pref), Sh$10 n. Canton Ices. $1.20 n.

39% sel off Shanghai

holiday ..... 2/4 11/16 Hong Kong Other rates unchanged.

Silver apot Forward Warloan 3%

33.1/16

33:5/16% 103 15/16 British Wireless Service.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

Cincorporated in China)

Capital paid

-$5,000,000.

Sements $54 2. Converted. HK. Eopes $21.

Stores, etc Dairy Farms $134 h Watson $34 by $265 Lane, Czawfords $3 n. Mackintosh $91. Sinceres $8 D Wm. Pawells, 70 cts. n. Wing On (HK) $100 2.

Miscellaneous.

HK. Amusements $1.85 n. Entertainments $6.40 n. 8. C. Enterprises $1.35 n. Macao “Greyhounds” $2 m. Constructions (old) $1.40 1. Constructions Vibro

bases for tramcars on 148 route miles-British Wireless Service.

FOREIGN SHIPPING IN UK. PORTS

Increase In Tonnage And Cargo

London, To-day. The net tormage of foreign trade shipping – arrivals at United Kingdom ports with cargo in April was 3.2 per cent. greater than win ( | April 1934, while-arrivals in bal- last showed an increase of 26 per cent.

Departures" with cargo were 5.0 per cent greater, but those in bal-

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have received the following Straits Cur- rency quotations from Singapore for Raw Rubber."'

Buyers Sellers Spot: 20% Up %. b. 20%. July-Sept 211⁄4 Unchanged

21/2 8.

-Oct-Dec. 22 Unchanged

2272 B

Jan. March 234 Unchanged

Market Steady.

last were 17 per cent smaller is It Insured?

than for the same period, fast year. British Wireless Service

BERLIN QUOTATIONS

withe

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

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START NOW

UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,