1935-06-22 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION -

Authorised Capital

Issued and Folly Paid-up 20,00 Reserve Funds: **

Sterling £ €,500,000 Silver.... $20,000,000 Reserve Liability of Pro-

prietors

++

THE CHARTERED BANK OF: INDIA, AUSTRALIA & CHINA

20,000,000) Reserve Fund

HEAD OFFICE HONG KONG.

-BOARD-OF: DIRECTORS.

·S-EL_Dodwell. Eng.

C“ C. Kaizda, Eng

· Dupety. Chairman,

biel Manager..

W. H. Bell, Esq, K. S. Morrison Bon Cantee

Agencies and Branches:

$50,000,000

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON

#Paid-up Capitai

Beserve Liability of Pro-

prietors

2,000)

Alor Star

Zaila

Hargames Segon

Bangkok

Bateria

Klang

BOBORY

Labe

Xmaid

Carrapor

Fushing

A. H. Compton Esq..

Cobra..

Madera

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

Colombo

Delhi

Medon

Haiphong:

Taiping

abo Perang

V. X. Grishara, Zig.

G. Miskin, Esq., I. E Pearce, Hamburg

AMOT BANGKOK BATAYLA BOMBAT CALCUTTA CANTOX CIEFOO COLANDO DATREN FOXBOW

FAITHOS0

BAVIRG

KANKOW

HARAN

HONGREW

SPOR

JOHORE

KORT

KOWLOON

BRANCHES

LONDON LYOS

BLALACCA

MANILA

NTAR (Johor)

MUEDEN

NEW YORK

PRIPING

RAYGOOX

SAIGON

SAN FRANCISCO.

KUALA LOYPCX

NAXGRAT

KICAPORK

'SOURABAYA

SINGEI PATANI

TIENTSIN

TORTO

"ISINGTAO

TOKOHAMA

Current Aremain opened in Local Currency "and Find Depomnite survived for one war de borer pride in Local Compant and Sterling on them which will be quoted on application,

Hong Kong. 6th April, 1955.

HONG KONG SAVINGS BANK

The The of the shore Yank in, zesediare, and by Bay 32ONG KONG AND SHANGHAI BANKING CORPORATION,

may be

obrimed an application.

POR TILE HONG KONG AND SHANGHAI BANKING CORPORATION"

V. M. GRAVECEN,

Chief Mauage

Hong Kong, kemury,

THE BANK OF EAST ASIA, LTD.

Authorised. Capital sanka Paid-up Capitul

Big and Undivided Pete

·TNI,120, DON;fo

HEAD OFFICE: LYONG KONG

22. Den Virus Danni Tytania.

BOARD OF DIRECTORS; Se-Show-son Close, Charman

Li Koon Chur, E. P. 5 Rok Fons

Tea Tong. EM Chan Chung Sich,

SARE. Feel.. Wong Che Son, and

To. Emq-

Aao Tone Pc, Faq Fuel Saing.

Li The Fong. Em. MonoTE.

BEANCHES AND AGEMITS

Hamia WellPE

Ju York

Bulgar Soumburva

Amis

Bombers

Suzumi

Canton Huiping Baskow Honolulu Robs

Kowloos Londo

Omaha Parier

Tapice

+

J

Tathaku

・3-2003

Timur

F

Parame Bangin

Bad Dancing

Em's Scrip of Banking and Fariner bomites tratenschei. Louna granted on approved! mmaritiem.

Cure Acent. sprend in Sand Currency and Fixed Degnila recepted for one you de shorter periods to- Local und -Foreign Currenties. oa termin which will be quoted da uppiication.

Safe Deponi! Buana To Love.

KAX TOXE PO,

#

Chief Manager.

THE CHINA & SOUTH SEA BANK.

LIMITED

Head Office"...Shanghai

Hankow

Harben

7psh Karachi

Lupet

معمولا

Semarang Serančan wanchei

outbey Taiping

Tonstad

Yokodeo Zamboanga

which will be quoted on application.

CHRES LATE-SATURDAY - KNEZ

ommerce and Finance

SHARE MARKET

Messrs. Harriman's Weekly Report

and

Messrs. G. A. Harriman Ca's weekly share report and | market "review" issued at noon on

Saturday states:--

A. BREAKLEY,

Hong Kong, 1st January, 1935.

-Manager. | were

NEW YORK STOCK MARKET

Rapid Recovery Shown

AVERAGES AT NEW HIGH LEVELS

Dow Jones"

THE MANCHESTER SUGGESTED REVISION

MARKET REPORT OF TENNIS RULES

Dull Conditions Of Trading

MARKET AT LIVERPOOL STAGNANT

Messrs. "James F. Hutton Co. Ltd reported as follows On |Biar 2-

CHINA GOLF MEETING AT ALDEBURGH

(Continued from Page 37 Bogey, Foursomes ("Staplefard" scoring

teams:

Sir A. J.

פברואר

Davidson, E

30

Ferguson. A E

Hancock, H. CR

Harvey, E K

(Continued from Page: 5)

planned the : court, on whether it was a process of evolution I do not know. One cannot imagine the court either a little bit longer ne ja. Ettle bit shorter, or a little bit and wider or a little bit narrower

Alternative Scheme=" The court is emetly right, to my There has not been any feature mind, although on more than one

G. S. Sandford and H. C of special interest during the past occasion when I have seemed to do Sandford week. At Liverpool dull trading all the running while my opponent J. ER de Courcy and R conditions have continued and the apparently remained stationary. IM. J. Martin market is badly in need of some have longed for my end of the I, G. Dickie and H. G. Efios: 25 We experienced another dali

court to shrink and my opponent's Shanghai v. Hong Kong market during the week under re- In their market report, Messrs. stimulating influence.

News from the States has end to widen.

In the Shanghai Hong Kong view and consequently the volume)S. E. Levy and Company, corres-

It would. however, be foolish, and Other Ports encounter, which of trading was again limited. The pondents for Messrs. White Weld chiefly been comined to the wear investment section was steady and Company, New York, state:ther. It appears that the break-simply because it happens that the was 2-ball match play, under ing of the drought in the Texas main plan of the court could not handicap, the following were the Foreign Exchange and General Beating with Hong Kong Lands in demand

Stocks: The rapid recovery area is delaying planting Every-be improved, to refuse to enter- ITADATA.

Shanghai Current Account opened and--Fixed Deportat around $32% and Telephones

Hong Kong and waited the day shorter periods, at estes (old) at $20.10. Star Ferries from yesterday's weakness vir thing depends upon the weather tain any idea of the size of the

Other Ports Allen-Williams, changed hands at 576 and more trally duplicated previous ad- during the next ten days or so, 25 service court being altered, if this Beath, C. T.

averages some of the low-lying areas are would advance the interests of the wanted. Hong Kongvances. Electrica came to business at $57 reached new high levels, but un already under water, and good game. Improvements in the game Dickie, I. G.

Hony less these levels are materially weather is urgently needed to should not be set aside through Elliot, H. closing in demand $564-

Foster, F. W. shortly, Traders allow planting.

conservative Gibings, F. S any sentimental or THE BANK OF CANTON, LID.Kong Trams improved slightly bettered very

Slow Trading

|considerations. at should again protect their post-

Hutchison, D. C. and after having been done

Business done:-1,520,000 Certain parts of the Central SIX rose to a buying rate of $133⁄4tion.

But I am certain, again suppos- Maitland, N. G. belt have also been having too ing that the game is composed of Martin B. M. I. Dairy Farms were a shade bet- shares. ter with enquiries at $14

"Wheat:-Unless the weather mach rain, but owing to the fact Vines and Tildens, and is able to Maphy, & H $11,000,000 Wharves

remained unchanged in the South-West improves, we that the price level is already be ruined by the power of the ser- Neild, F Paid-up Capital

Reid, B 8,655,000 with sellery at $17 (c. r.). Minor expect considerable short cover-artificial there is no response to vice, that the way to evercome the Beynold. F: 0. Total Resources

32,170,49 issues.

(Captain) A better weather news Trading in both difficulty is not by altering the

Sandford, G. were generally easiering and new buying.

Stewart, R. D. Sandford, E. E Branches: Canton, Teishan, Shanghai Hotels were done down to $4 and

for flour is reported isloth and yan has been slow and court dimensions in any way, whe~ Woodford, H. B. Thomas, W. HE demand

ther it be by narrowing the ser Harkow. Bazgkok & San Francisco. Humphreys to $8. China Lights Total sales-22.375,000 bushels: enquiry only a moderate scale.

A closely fought struggle result- Lendon Bankers: Lloyds Bank, Ltd, fnctuated between $8.80 and $8 Corn:-9,963,000 bushels.

Most of the quotations wired vice court, by placing a line beed in a win for Shanghai by one Foreign Exchange and Banking business of every description trans-90- Watsons were put through "Cotton: Pre-Notice Day last week have brought little re-bind the base line, or in any game. This is how the watch acted.

at $3.10 closing with buyers at quidation was

Some new offers for other way, nor by altering the went more noticeable. Sut so far. Current Accouts opened and Fixed this rate. China Underwriters There was

some realizing on prints, light whites and dhooties methods of service production, Shanghai Deposits. received for one year touched a shorter periods at rates which “will be

new low level of 20 better weather conditions as the have been received from Calcutta, but simply by limiting the number

Madras and Bombay, but in many of service deliveries to one. quoted on application.

cents closing slightly better.

loan price is dependent upon cases they have been from 3 to 10 Safe Deposit Boxes (various sizes) There was not much change in production, the outlook regarding for hire.

the Sterling section, Hong Kong weather conditions is an increas per cent, too low and only small LOOK POONG-SHAN, Banks being deal in at $1020/25ingly important factór

Times have been placed. Chief Manage and Unions at $345/50. The tone]

(Continued on Page 3) "Rubber-A quiet market was of the market at the close re-}

still experienced to-day. We ¡mains dull

think that purchases are advis- week has able on further setbacks. Total following sales:-257 lots

"Copper:-Producers are main- taining production restrictions and are

closely co-operating in been received by Reater. order to stem the decline. export price will probably sag further before demand revives.

Extablished 1912. Head Onces-Hong Kong

Authorised. Capital

SAFETY FIRST! To Safeguard Your Valables and Jewelleries. Deposit them in a Vank

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

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor Our New building is Specially Con- structed to provide all of these In- portant Qualities.

You 245 Box in this most up-to-date Vault for! your own use at a very moderate Ren-i

cotain a Safe Deposit

Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.

Corner of Ice House Street and Des Voeux Road, Centrál

THE

AMERICAN EXPRESS COMPANY,

INC

Head Office: 65, Broadway, New York

US$6,000,000.00

2,183,633.06 870.731:05

Business during the been done at the prices :

H.K. Banks $1020/1025. Unions $345/350. Humphreys $8.--

Telephones (old) $2^10/204- Telephones (new) $ Watsons $10.

Chima Lights $8.85/8.90- H.K. Trams $13.-

HK, Electries $57.—- Hotels $4.—

Star Ferries $76.— Amusements $4.60. Dairy Farms $13-60.

THE MERCANTILE BANK OF

INDIA, LTD

HEAD OFFKE:

Gerhart Street, Lunodon, ECS.

Authorised Capital ..

Subscribed Capital Paid-up Capital

$3,000,000

1,800,000

1,050,000

Reserve Fund & Best.. 1,247,432

BANKERS

The Bank of England & Midland Bank. Lid *BRANCHES: Spok

4 Batok

Borowy Calcutia Colombo Dethi

Capital

Surplus

Reserves

BRANCHES

Amsterdam

Genom

Antwerp

Athena

(Incorporated in China)

AWKURC

The Hague Horace

Milah

Kaphae

Piranom

Galle

Havin

Harbuzg

Capital

,$7,500,000,00

-Berdins

Huw

Eestive

$1,500,000.00

Huber

Heidelber

Samura

All Important Cities

Braumeis

in Chhima

Cairo

Calceita

Forsign Exchange

wind

Cimmeria

Braking

Loodos Liverpool

Singapor

Business fra elameter).

Branches

Carrent and Saving Accounts opened and Vized Depositu pernized for one year në shorter perinda,

at rates which imili due quoted on sprediention.

SOC 2 CHANG

*Manager

· HONG KONG ERASCHA?

21 De Toe Bend Conerl

Harmeet Bo

Forni Erbage Dept.

General Co

Cashier': Quer

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Cate Colombo Copenhage Din Edinborgh Florence Graeva

Interinken

„Paris

Feiping Palermo Rotterdam

Shanchal

Tronting

Monte Carlo

Venior Tokobazu *Zeich

Manus

Munich

Montrem

Branches of American · Express Company in Principal cities of United States of America and Canada.",

All classes of Cominercial Banking! Transsctions undertaken.

Personal intestment

handled

The Company offers to Travellers the use of its "Travellers Cheques" and Letters of Cred

Capita) (full paid-up) Yen 100,000,000 in addition, the world-wide serv Reserve Fund

Yen 125,300,000 of its thoroughly equipp

Read Office YOKOHAMA

Branches and Agencies at

Nagasakd

Nagoya

New York

Paris

Department

EW. DUGGAN,

THE WING ON BANK

FLIMITED:

Head Ofices Hong Kong

Capital $10,000,000 LONDON BANKERS:

estaninster Band, Ladis

change.

ion of banking, busi

Howrah

Yew York PREMOR

Karachi

Port Louis

Bola Bharu

Clauritias)

Kuala Lipis

Esa Lipur

Tagoon Shangbai

Euantas (Piðung) Simia Madne

·Simgapore..

HONG KONG BRANCH Every description of Banking and Exchange

Travellons Chequesʻinsond.

Trustee and Exsentorships under- takken.

INTEREST allowed on Current Accounts and Ped Deposits at Bates that may be ascertained on application.

E. KENNEDY,

-

Manage 7. Queen's Bond: Central,

Hong Kong, 1st April, 1935.

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China).

Capital paid up $5,000,000,

Reserves

$7,300,000. Capital Savings Dept: $500,000. Reserve Savings Dept $600,000. Head Office.....Shanghai

A Bank having as its mission the industrial development of China and the fostering of her commercial relations abroad, Hong Koor Office...

7. Ice House. St Phone:31481KZAT

Is It Insured?

The

A. P.

(2 up)

F. O. Reynolds

(2 and 1) An Anomaly

J. G. Dickie Two service deliveries is ob-C. T. Beath viously an anomaly dating from D. Stewart the early days of the game, when, E. H. Murphy owing to the difficulty of women with their crinoline skirts-putting H. G. Eliot the ball into play, it was essential, F. S. Gibbings COMMODITY PRICES the same was to start at all, of A. P. Nazem

allowing them two schances. It F. w. Foster The following quotations have seems quite absurd that two (Halved)

chances should still be allowed in Martin

F. 3

3 Neid Prev. Yesterday a game which long ago left the f8 and 2) Closing Closing garden pat ball stage and has now N. G. Maitland

reached" its "present high standard D. C. Hutchison

(4 and $) of excellence.

HB. Woodford If the server were allowed but A. Warrack

New York the July Central sections of the Grainį September? Belt, where rainfall is not need-December

January ed-

"Stocks: There is some reac tion on the part of Congress toi

New York Cotton:- "Flash: The American Rail-July

October estimates car- way Association loadings for the past week at December 655,000 cars, an increase if 34, January (1936) 000 cars from the corresponding; March

11.59

11.55*

11.29

11.23

11.31

11.26

11:33

11.26

*

11.39

1131

od of last year."

May

#1148

11.40

**New York Cables "Grains: Rains are reported

¡Spot

11.90

12.52

in the South-West and also

12.68a

12:38

12.95

12.9*

18.05

March

13:08

13.17

Chicago Wheat:

80%

8124

80%

8144

¡December

83%

Chicago Corn:-

July

811⁄4

September

78%

December

621/2

75% 63%

close

Prev. To-day's August close

July

$27%

83%

82% 835%

July

New York Sugar:---

No. 1 No.3 No. 1 No.3. Con Con Con. Con 2.34 : 232: 232 230;

Sept

¡Dec.

the President's tax proposals and July

a resumption of the rally is be- September lieved to be likely."-

one attempt he would obviously

have to be more careful with his G. Marshall

who take a risk and fail

Leave Well Alone

1

A

Larkins, F. Merry,

Ritcic, A

(Captain)

Hong Kong and

Other Forts

A. E. Ferguson (

D. L.. Hutcheson 0K R. Reid ·

(4 and 3) WJ. Jamieson

F. A. Mevs

1

A. Ritchie

G. S. Sandford

(8 and 2)

H

EC Sandford.

C. E. Hancock

E. Davidson

0 (Esired)

Sir A. J. Allen-

1

Wisme

RK. Harvey

F. Larkins

1

W. H. E Thonas

0 G. M. D. Dalgety (3 and 2) 1.

J.E. B. De Courey

The Dinner

first and only delivery, and the javerage speed of the service would 1185 be diminished. “Nevertheless”: if

Everyone of course turned out the server wished to try for an ace for the Saturday evening dinner 12.59⚫ there would be nothing to preventa: the westforth hotel which as 12.73 him doing so. If he missed, usual was very pleasant, well ar stead of being allowed a second ranged, and well served.

Mr. chance, as he is to day, he would Mackay was in the chair and in pay the penalty, as all people do his address recalled many happy memories; spoke of the pleasure of these meetings in bringing to- However, in view of the fact gether old friends and introducing that the game is not composed of new comers; welcomed the "new Tikiens and Vines, and that the blood; hoped these meetings service is not ruining it, I am all would continue for every- and in favour of leaving things as they voiced the gratitude of all-to are in any case the service can Messrs. Crossley and McLellan for only dominate on covered wood their noble work in arranging the courts, on grass, or on other, fast meetings. surfaces such as smooth clay and Then Sir Meyrick Hewlett gave. la brief but very interesting ac- concrete. 4.93% 494

There are still hard courts all count of modern conditions in N.Y. Cotton Oct. 11.29 NY. Rubber Sept. 12.68a 12.73

over England and the Continent China To whom Mr. J..0. P. Chicago Wheat Sept. 20%

8135

which are so

slow that however Bland might be described as an Chicago Com Sept. 767

241 2.38 2.56 235 fast a man serves it is always posjexcellent foil, stimulating as ever. Montreal Silver Dec. 73.75" 7410

2.48, 242 244 - 238

Then Mr. A. Ritchie spoke for Isible to return the ball Silver Official ...... 72 72 ||Jan.: (1936) 2321 2.20 2.28. 217

Mar

2.23

Latest Quotations

The following quotations werel Winnipeg Wheat: received by Reuters.

NY/London.

Cross-rate

Dow Jones Averages

11.95

30 Industrials 117.24 119.48 2.24 up 20 Kais

33.02 33.56 54 PP 20 Utilities 2172 22:30 58 up 40 Bonds 96.51 36.79 28 op

11 Commodity

Index

56.61 56.36 05 up

On these courts the service of Hong Kong and Other Ports, and 2-20 Vines, so fast on grass that it was Mr. F. O. Reynolds replied as difficult to see it, let alone retum captain of the Shanghai Team it was comparatively easy to take. And then Nr McLellan let loose The result was that on hard courts in his usual happy vein full, of humour and amusement, passing Vines was 2 far less difficult prolightly from subject to subject, position to tackle than on faster with no one knowing who will nex

New York St- July

132

September

131

December

130

132 132 1:31

Montreal Silver:-

72.25

September

December

72.40 72.80 73.05 737475 74,00¤

74.10

74.201

-possible zintilation

Business Done:-1,520,000 shares. July

NEW YORK STOCK J

EXCHANGE

Latest Quotations

June 22, The following quotations were re ceived by Reuter-

PO

surfaces.

It is easy to prove this from be the target for his shafts, bat kall enjoying them thoroughly, tar- results. In 1932 the American's f triumphant year Borotra seat him gets as well as spectators.

Week-end Participators The list of those who took part

in four sets on the slow courts of Paris and in 1903 both Perry and

H.K. SHAREBROKERS myself beat him in the Davis Cup in the week-end whether as players

ASSOCIATION

Stock Report

The following report was issued by the Hong Kong. Sharebroker Association yesterday afternoon.

Douglases 35 h.

NY/Landon N.Y. Cotton

close 10.20 11.00 493% 4.83% 4.925%

July

17159.

1160 $11.29 ∙11:28. 1121

NY Rubber

12:52/12.57. $12884: 1272

805

Beng Consolidateds $10 CD b

or onlookers is as follows Surfaces Vary

SEA 3 Allen Withama C. T. When you come to think of Beath, C. Beswick, J. O. P. Bland, A.

the varying surfaces in the world, Brooke Smith, F. H. Bagord, FG.. have a great influence on service. Carol, F. H. Crossley, G. M. Dal ¡I am convinced that were the Kety, E-Davidson, J. E. B. De Courey,

J. G. Dickie, HG.Phot, A. FL Fi Americans compelled to play often on, F. W. Foster, F. S. Gibbings, on slow, hard courts the ald Sir Peter Grafx HOIS

R. K. Harvey, G. A. Hast never develop thos

ings, Sir Meyrick Hewl Hodson, D. L. Hart

vices There is

Thard coo

Anfamoks 67 ctx. CD h, 69 cts (to pro

Baguio Gold 21

chison, WI

son, H. Kopsch, P. La Lecter N. Ce