1935-06-26 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

THE CHARTERED BANK OF "INDIA, AUSTRALIA & CHINA.

Issued and Faily Paid-up 20.000,005 Incorporated by Royal Charter, 1953,

Reserve Fundacion a

*£6,500,000

$10,000,000

Reserve Liability of Pro-

Sterling

Silver

HEAD OFFICE: LONDON

Paid-up Capital

£3,000,000

prietors....-

20,000,000

Reserve Fund

£3,000,000

Reserve Liability of Pro-

HEAD OFFICE HONG KONG.

prietors

£3,000,000

Arencies and Branches:

Alor Star

Amritsar

Satekok

Ilonie. Ipoh Kimchi

Beler's Bombect Calenila

Jade

Hangoon

Semarker :

Shanghai

Singaporn

Carapers

J Kuching

Sta

A. H. Compton Esq.

Baronbayan Tripien

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

Deli

Mapi Mindan

G. Miskin, Esq., 1. E. Pearce, Esq+] Eunsure

Haiphong

· Priving.

Bashow

BRANCHES :

BOARD OF DIRECTORS.

SE Dodwell. Esq.

Chairman

CC Enisht, Eng.

Deputy Chal

V. M. Grybuna, Engi

Chief Manger.

W. H. Bell, Esq., E. S. Morrison Esq, CABOS

ΑΞΙΟΣ BANGKO BATAVIA

LONDON LOS MALAOCA MANILA

1

CALESTRA CANY CHEPOO COLONBO DAIKEN.. FOOCHOT KUPITING

HANKOW KARBIN HONGKEW BOILO ХРОМ- JOHORS KOLE EOTLOON

NTAR Joborr MUKDEN NEW TORS PEITING TEXANG RANGOON SLIGOS. SAN FRANCISCO KUALA LUMTUR KĦANGHAT- SINGAPORE SSOURABATA

SUNGHI PATANT

TIENTSES TOKYO TSINGTAO YOKOHAMA

Cement Acenila opened in Loni Camwors and Fist Deposita vertinać for one year or short win in Zorn? Company and. Stverüne on tech will be quoted an application.

Hong Kong, 6th April, 1935.

Harbin Bong Long

(Paling) Penaly

Toorin

(B) Tsingtao "Totobema

Zamboangh

Foreign Exchange and Guest Banking Current Accounts opened and Fixed Depot

recurred for one year or shorter perioda az rudes which will de quoted on application.

A. BREARLEESY,

Manage

Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LTD.

Established. 1912.

Head Office:--Hong Kong

Authorised Capital

Paid-up Capital

Total Resources.

$12,000,000

Branches: Canton, Teishan, Shanghai)

THE CHINA HALL WEDNESDAY, JUNE

ommerce and

Finance

LOCAL DOLLAR DECLINES

Silver Prices Drop

The local dolar- has declined a further halfpenny, opening on de- mand this morning at 2/24

Silver prices also fell, spot being quoted at 31-1/16 and formire at [31-5/16.

The London on New York cross- rate was quoted at SUS$1.9435, [as compared with US$4.9174 while the New York on Len

on cross-rate was quoted at S US$1.94%, as compared with £ US$4.95. !

EXCHANGES

TO-DAY'S QUOTATION

Hankow, Bangkok & San Francisco. | On Shanghai- London Bankers: Lloyds Bank, Ltd,

Foreign Exchange and Banking business of every description trans-

HONG KONG SAVINGS BANK acted

ed by the HONG KONG AND SHANGHAI BANKING QUAPORATION. Rasim me t abstand out apulication.

FOR THE HONG KONG AND SHANGHA BANKING CORI>RATION

V. M. CRAYNTRY,

Chist Manager-

Hoog Kang, th Felmary, 19

On demand On Singapore----

On demand Current Accornis opened and Fixed On Japan- Deposits received for one year shorter periods at rates which will bel quoted on application

ON

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager

LOCAL SHARES

NEW YORK STOCK INTERNATIONAL-

STABILISATION

Some Discom

relonmen

REACTION SHOULD BE LIMITED

The following is the list of local hare, quotations issued today. In their market report. Mestes

Banks

HIK. Bank $1065 b. $1045/75:

and Count

and Compan New York.

"Stocks: The" Intest: W ton developments bare

HK. Bank London) £120 Chartered Bank £14 (1 Mercantile Bank A. & R. $3134 ing, but we see tho evidence

Mercantile Bank C. 4193 L Bank of Bast Axia $81. n.

·Insurances.

Canton Ins. $203 n. Union Ins... $55 b. Chiza. Underwriters 40 cis.. China Fire Ing. $382 m. HK. Fire Ins. $200 n. Intemational Assoe: $4 n

M

Shipping

Donglases $36 1.

EK Steamboats $4′′* Indo-Chinas. (Pref.), 350 n. Indo-Chinas (Def), $12 zi Shell (Bearer)-71/3 == Union Waterboats $1134 n:

Mining

Benguet Consolidated $10% b. Benguet Exploration 10 ets. De Benguet Goldfield $10 n.

OF CURRENCIES

IMPORTANT PARIS DERATE

OFFICIAL BRITISH VIEW OUTLINE:

NEW ADVERTISEMENTS

PUBLIC AUCTION-

Undersigned, have rece

to sell

Tuesday, the 2nd July, 1935 commencing at 11 am

at their Sales Room, Dúddell

A Quantity of Furniture, Sundries and A Few Pieces of Suit Lengths

Terms: Cash on Delivery." LAMMERT BROS.

Auctioneers..

**CHINA MAIL" SPEC

aris, To-day- Yesterday's first plenary ses tion of the eighth congress of the International Chambers of Commerce discussed the pro quidationt otty huuportain

thiem of the stabilisation of enn- holding companies issues, w. Con trencies. The majority of the Hong Kong, 26th June, 1935. sequently, any reaction, should be speakers emphasised the neces relatively

dog Business(sity and possibility of inter- done:-1,140,000 shares, national stabilisation

*Gezinss

market sig still chief preservations

The From

be weather condition the British delegates. Better support by the Trade is Professor Gregory, the well- on setbacks Total Known authority from the Lon- expected sales-15,613,000 bushels Carn den School of Economics," who, But best however, stressed that he did not -4776,000 bushels.

"Cotton"-The strength of July speak in the name of the British cotton is holding the marketGovernment or any other group, Weather conditions: are favour-strongly advocated stabilisation, table and sentiment is turning his views being supported by

bearish

BERLIN STOCK MARKET

Excessive Caution Prevails

·CHINA MAIL" SPECIAL

Berlin, To-day. Excessive caution, both on the Professor Charles Bist (France) part of investors and operators,

business done was Fixed interest

"Rubber-Pre-Notice Day and Herr Otto Christian Fischer prevailed in the share market quidation and scattered selling, (Germany). :-*

yesterday, so that although prices pending the outcome of the meet- Professor Gregory said on many cases closed a little ing of the Restriction Commit-result of the all-round currency higher, the tee, were the principal factors depreciation in the modern world very restricted. The sales:-449. lots.

is not all-round recovery, but securities continued to be ne- Flash: Weather conditions general increases of the hindran-glected, gold mortgage bonds in in the Wheat Belt are most fav-ces placed on foreign trade. The number of cases being as much ourable, but dry warm weather general uncertainty about the 23 of a point lower. Call is now needed to continue,

es-fate of the gold bloc countries money was at 21⁄2 to 3 per cent.

leads to boarding within their Trans-Ocean Service.

pecially in the Corn sections:

Latest Quotations

The following quotations were Langkats (Single) Sh. $14 n.received by Reuters-

territories and

uncertainty out-

side. In short, the attempt to

care the world crisis by the de- valuation of currencies has creat ed factors that are far greater: Prev. Today's obstacles to world recovery than close the original gold parities.”

German. Support 4.9578-49435

Jose

NEW YORK STOCK EXCHANGE

*June 25,

On London

-8,635,004

On TT and demand

2/24/2

Antamoks 73 cts: b.

32,170,492

4 months' sight

2/23/%

Balatocs $18.

Credits 4 months" sight.

2/374

Baguio Gold 21 cts. b.

137

Big Wedge 8 età n

94%

Gold Greek 30 cts. n.

Gold River 5'cts.

On demand

187

Ipe Mining 90 cts. 2-

On India-

Itogons 32 cts.

On T.T. and demand

146

Salacots 12 cts. 1.

On New York

Kailan Mining -Ad... 15/--- 2:

On demand

54

Credits 60 days' sight

563%

Shai Exploration Sh. $4% n

On Batavia..........

On demand

Shai, Loans Sh. $51⁄4 1 Raubs $575.90, sa

On Paris

cross-rate

On demand

Credits 4 months' sight

NY. Cotton Oet NY. Rubber Sept.

1123 12.51%

On Saigon.

On demand

82

Ou Manila-

1094

Cam rts. HK and K Wharves ex right

STYL

Chicago.Corn Sept 75% Montreal Silver Dec:/72.00 Silver Official

----- 2014 Dow Jones Aveniges

**

TL30

690

84

ask the question whether we shall NE Cotton stabilise or prefer the continua-

Oct. tion of the entrency chaos, there NY. Rubber is only one answer, namely, that July

Sept without first stabilising curren-

C. WheatTM

Ja

$2,54"-1154

11.53

1.22 11.22 11.22

17.48

1241

32.65

12.56

31-1/16

***** ***

12-01

par

3% ра

32% dis

par.

Index

56.30*55.79 31.07. Business Dores-1,140,000 share

cies it is impossible to remove all the hindrances, the elimina C. Corn July 31%% tion of which is a condition upon w which the gradimal recovery" of world trade depends”-

Joly

Wheat

July

*68

Chancellor of the Exchequer has

STOCKS: Amer Smelting 423–413) Lord Lake, speaking for the Con Gas N.T. 254 255 British Government, said: "The Elec Bond &

81%

2554

Venz; Goldfield $230 n.

Docks, etc.

| N.Y./London

11.22-

1265

FK and K Wharves $78 Chicago When Sept. 80

The following quotations were re ceived by Reuter.

Close

10.2011.00 June 26.

Herr Otto Christian Fischer! Lendorsed Professor Gregory's

words entirely, adding: “If we NY/London. 495 4953 195

THE BANK OF EAST ASIA, LTD.

Anthorised Capital

Paid-up Capita!$500,00 Benerve and Cadivide! Prolita 89,009,60 BEAD OFFICE:—HONG KONG

Den Voux Bandura

BOARD OF DIRECTORS:—

Bir Shou om Chok, Cremazi.

Li Koon Chun Exq. P. Ko imati Eng.. STOCK! Tab. Tons. Eng.. Chan Cheng S, EL La Bass Eng. Wong Chu son. Ex and an

Ta. Eur.

Kan Tong Po. Eng Misirs Sacuger.

Li. Twe Fons. Eng. Naunger.

BRANCHES AND AGENTINA

Marria

Kalimer the

Хільченка в

Amoy

Etatis

Pattanay

Calcutta

New York

Purin

Pripind Prakas

-Passion

Saizon

Cartoo Haiphone. Barco Housiule

Kowloos London

Da ranco

>wat

Shell DJ Singapore

Suora tu va

dr¥

Tuiti

*****=*=*=*=*=27 Teirss Tamourer

Every demaription of Banking and. Exchange | business transacted Lown gunted on approved?

greasition,

Current scount opened in Loral Currency and Fixed Depozita inivač Bor abe

shorter panels anal and Ferien Carrescimu on term which was ho quumed, on application.

Sada Deposit In To It,

KAN TONG PO.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR-PROOF DAMP - PROOF 1

On demand

On Bangkok......... On demand

OUR SAFE DEPOSIT VAULT located on the Merwanine Floor Our New building is Specially Con- Sovereigns bank buying rate 2/3 stracted to provide all of these Bar silver per oz. portant. Qualities.

You may

obtain a Safe Deposit Bar silver in Hong Ecog Box in this most up-to-date Vault for Copper each

f your own use at a very moderate Ben-Copper cents

Inspection Cordially Invited

THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

THE

AMERICAN EXPRESS COMPANY, IC

Head Office: 65, Broadway;

New York

Chief Manager.

Capital Surplus Reserves

U.S.$6,000,000.00 2,183,633.06 *870.73.1.05

BRANCHES:

Anthesda

Antwerp Ašljena Ам

Gezon

•Glascow

The Hague Ravena

Hamburg

Sapirs

Parin

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Head Office...

Capital

Shanghai $7,500,000.00

*Bere:"Te

Branches

Barle

Berlin

Rombay

Bre

Beutels Cairo

Calcotta

Barking

----$1,500,000:00

All Important Cities

in Chine

Foreig Exchang

Business connected.

and General

Current and Saving Accounts opened and Tiand Deposita recited for one year of shorter perioda | atralen which will be quoted on application,

SOU Z-CHANG,

Mastaga.

HONG KONG BRANCH: 2. The Voma Road. Central

Foreign Exchange Destinazio General Office Cambier's Offer

Cander

Colombo Copenhagen.. Dubtie Filber

Hatre Heidelberg Interaken Jeramient London Iwwerpbol Lacerta

Priping

Patho

Lotterdara Bome Shanghai

Southampton. Singapore Tancaia

Taormina Terna Tenica

orencs Geneva.

Marmelina Bonne Carl Manda -

Tokobara

Zurich

Munich Mindtrax

- Branches at Tel. 6

American Express Company in Principal cities of United

ཀུགམ ་

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

I States of Ameries, and Canada,

Rate of native interest

Chinese sub. com

Hong Kong sub, coin

RAW RUBBER PRICES Latest Quotations From Singapore

Messrs. E. B. Joseph & Co. hare received the following Straits Currency vuotations from Singa- pore for Raw Rabber.

Spot 20% down % b., 2014& July-September 20% down 1⁄2 t

20% S

Oct-December 2132 down

21% s

Jaz-March 22% down. Y1⁄2 b..

227/2.3 Market:-Doll

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE":

12. Gracechurch Street, Londen, ECE

Anthorised Capital

Subscribed Capital, Paid-up Capital ·

All classes of Commercial Banking Reserve Food & Rest

·Transactions, musdertalcem.

Persons! investment

handled.

BAKKERS:

£3,000,000

1,800,000

1,050,000

1547,432

The Bank of Excland & Midland, Bank, LóË. BRANCHES:

accounts Bangkok

Berrion"

Calcutta Cosemaker The Company offers to intending pent Travellers the use of its #diavellers, Gabe- Cheques" and Letters of Credit and Bong Song in addition, the world-wide services Capital (full paid-up) Yen. 100,000,000 Beserve Fund Yen. 125,800,000 of its thoroughly equipped Travel

Depar

Bead Office:-YOKOHAMA

Branches and Agencies ztr

Alexandria

Patavia Berlin Tombey

Calcutta

Gantan

:(Dalny)

Nagamali

Nagoya

New York

·Osaka

Paris

Peiping

Dairen Fengtien (Mukden)' Rio de Janeiro

Hamburg

Lamkow

“Herbin

Hong Kong

Honolulu

Hainking Karachi

San Francisco

·Seattle:

Semarang

E. W. DUGGAN,

Manager.

THE WING ON BANK

A LIMITED.

W Head Office: Hong Kong

**26, Des Voeux Road Central an “Authorised Capital: $10,000,000°

LONDON BANKERS Westminster Band, Ltd. "Foreign: Exchange and every des- cription of banking business transSCE- led.

Current Accounts counts opened

ceived

Tandy Karnebi

Kota Bhar

Ke Tork: Peoeng

·Port Lo

Mauritiusă

Ezala Lipis Rangoon Fonda “Lumpki ·Fibengkal Kattan, Palming). Simia

Singapor

HONG KONG BRANGE

· Emery description, eft. Hanging " and "Pechanga boness transacted A

TraveBars Chegans, instad.

Trustee and Executorships under- taken.

INTEREST owed, co. Correos, AmoovezTA Fixed Depoutte at Rates Shut may

on application.

| 7, Queen's Beat · Cántes

Hong Kong, 1st

SHANGHAI COMMERCIAL

BASAVINGS BANK LIMITE

HK and K Wharves right $1

Д

HK and W. Docks $92 1. Providents (old) 85 cts./ni Providents (new) 20 charm. Hong Kew Sh. $240.ml - New Engineering Sh. 24 ... S'hai Docks Sh. 790 m.

Cotton Mills Ewo Cottons Sh. $8

30 Industrials 120.84 118.73 1.31 off 20 Bails * $3.45 33.14: 131 of 20 Utilities 22.66 21.95 off 40 Bonds -97.01 96.99 02 of 11 Commodity

Shanghai Cotton (COMMODITY PRICES

$661⁄2 #

9%

41440

20 41

273%

48

23 334

Share repeatedly declared that Eng-General Motors 334 33% 33% Shanghai Cotton (new) $41 The following quotations have land's return to the gold stand-It Tel & Tel 10%

Loew's Inc been received by Reuter.

ard depends upon a removal or

Montgomery Zoong Sings Sh. $81⁄2 m.

Prey. Yesterday limitation of the present in Ward Closing Closing drances to Wing On Textiles, Sh. $55 n.

international trade; N.Y. Central 17% Lands, Hotels, etc.

the definitive regulation of war Standard Oil debts; and the introduction of a

US Steel system that would prevent the fnctuation of

H.K. and S. Hotels n HE. Lands $34 h, $34/35 sz. (October HK Lands 4% Debentures December

Metropolitan Lands Sh. $10 n. May

100%

Shanghai Lands Sh. $2011⁄2 n.

Humphreys 8.15 b

HK Realties $4

Chinese Estates $90 n. China Realties Sh. $4 n. China Debentures $123.

Public Uilities HK. Tramwayn $13 b.. Peak Trams (old) 1 Peak Trams (new) 15% - Star Ferries $11 B- Yamnati Ferries $175, n.

C. Lights $8.80 b

HK. Electrics $554

Macao Electrics $252 3.

Sandaken Light $3

New York Cotton:- July

14.54

11.53

11.22

11122

11.26

11.24

January(1936)

11.27

11.26

March

Spot

11.28 ∙∙11.09. 1134 11.35 11.90

1190

New York Bu July

Septembe

12.48 1234 12.65 12.51a

December

1286 12.74

January

March

12.89 *13.07

12.78 12.95

Chicago Wheat

¡July

September

79 30%

79

797/2

December

8272

82

Chicago Cor

July

81%

-817-

September

75%

December

647%

6475

21 $1

Telephones (old) $2034 b., $20.10 Winnipeg-

Jaly

Telephones (new) $8.10 b China Buses Sh. $1151⁄2 n. Singapore, Traction 10/8 b Singapore Pref. 22/6 3.

August

New York

July [Sept

Indust

Malabon Sugar 181⁄2 n- Cald: Macg (Ord Sh 19

Cald Macg

Canton

Cements $53 HKPopes

DRITY Fa

the purchasing

power of gold depending on enz rent political reasons Trans Ocean Service.“

Statement By Lord Lake

Paris, To-day.

REICHSBANK STATEMENT

INCREASE IN GOLD STOCK

• CHINA_MAIL" SPECIAL

Berlin, To-day- The Reichsbank statement dated-June 22, published yester-

Profound disagreement on the question of immediate currency stabilisation was manifested a day, shows an increase in the yesterday's sitting of the Inter gold stock of 0.7 millions to 8£7 mullion Reichsmarks, the foreign national Chambers of Commerce

between the British oficial dele currency reserve remaining the gation and the business leaders me as before, namely, 4.0_17- of other countries, notably those lions, making a total increase of 0.7 to 88.7 million Beichsmarka.. belonging to the gold bloc.

The latter pressed the demand. The note issue decreased 92.3 to that Britain agree to a resolu 3,5023 milion Reichsmarks, The

amount of credit issued, as mea tion calling for a conference of the Governments for the purpose ared by hills, cheques, advances

and investments, decreased 157 of introducing framediate stabili

13 to 4,093.0 million Reichsmarks. sation, but Lord Luke made a

Frans Ocean Service.

REICHSMARK QUOTATIONS

No.3 Na? No. Con Con. Com Coo

235 236 234 241 238 238 225 statement of the British mone- 2.48 241-244 237ary policy, while re-affirming his belief that there was much recog- (1986) 232 2.19 227′′ 214

sition of the fundamental princža 216

ple that international cu

192

22

YOK SIL

153 23244 132 1312-131

goods and

(that tion

$70.45% 69.40

20.00

72.00

71:30

71303

Beri

Is It Insured?

CWORKS SCHEMES COTTON T

AITS SUIT

PKINS TO CONDUCTÉ