1935-06-28 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

----- $50,000.000 Disued and Fully Paid-up Reserve Fundat

Sterling ... £ 6,500,000° Silver $10,000,000 Reserve Liability of Pro-

prietors

THE CHARTERED BANK OF! INDIA," AUSTRALIA & CHINA.

20,000,000 Incmporated by Royal Charter, 1953.

HEAD OFFICE HONG KONG.

BOARD OF DIRECTORS,

HEAD OFFICE: LONDON

£3,003,003 £5,000,000

---£1,000,000

Bangcom

Reserve Liability of Pro-

Agencies and Branches:

barachi

Serena

Suzann

Paid-up Capital

20,000,000

Reserve. Fund

prietors

S. H. Dudweil, Eng. Chairmand

Sierr

**vie

Amoritur

iya

Haarkok

Finan

Kint

kohe

Catcolle

Kodia

Cavaporu

A. H. Compton Esq.

Ceb

T. Johnson, Eske Home Mr. J. J. Paterson,

M

limpong

Ela

Ver To

Tesping

(1) 2016

Foto

Zam

CC Kaicht. Ing.

Deputy Chairma

Y. M. Grybarn, Zeq.

Chief Manager.

WH Bell, Esq. K. S. Harrison Esgaon

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

ANOT

BANGKOK

FRANCHEN

LONDON LYUNS

MALACCA

MANILA

NCAR Cure)

CAV

XUXDEN

NEW YORK

COL

PEITING

SELING

HANGOOS

KUALA LUMTUR

SUGON

SAN FRANCIsco

HARBIN

BANGIA

HONGK

NNGAPORE

ILOILO

SOURARATA

IPOH

JOHORE

KORE

EOWLOON

SUNG PATANI

TIENTALN

MAYO

KINGZAO YOKOHAMA

Carson: Amount opened in Innal Comacy

and Fixed Deposits' merived fue aca ar of shorter periode" in LoralCompany and. Sterling on to which will be quoted on aerolination.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

The Fully of the above Back in vondart ed by for HONG KONG AND SHANGHAI BANKING CORPORATION lim may b obuind en plication.

FOR THE HONG KONG, AND SHANGHAI BANKING CORPORALJON,

V. X. GRAYBURN,

Curd Hanuget.

Song Keng 2, Yebrarý, 285.

THE BANK OF EAST ASIA, LTD.

Authored Capital 200 min Paid-up Cape

$10,#N, ANG, AN

ད----དག!H,EKA[AY

Emmers and Undaround Profits, TN)

BEAD OFFICE: HONG KONG

Trux' Puré l'atened.

KARD OF DIRE+RS-

Sir bou-on Chase, Casewan,

Li Koom Chen, E. P. K.

En Thom

y and an

Tun Tom Fit Chen Clang Mà Bele

Sang. Eng Wong Chu Sim

Pr. Enq

Amon

Batavie

Tanong Th. Taquine? Manager.

Li The Fong, ENS VART.

Iss bay

Caleytla

Canton Harphong

·Jankow Hinnalul

BRANCHES AND AGEN

Manila

Mestra

الشاب الامة

New York

arab

3

{"

H

Kater

J

Aydney

IMIOD

Lowson Londine,

*1205083

ro

Bin, Francisc

Vinnu Shahat

Ei mu of Banking, and stehenze business exacted Lampe granted

Current Assostatu: Opresent is Ieval' Ermenis and Fixed Deporita enonseAČ Jow and aborter periods in Lol and Forrin Carrentis

de terms which vrat be quoted on application..

Safe Deposit. Muxom To Int

FAX TONG PO.

t?

comput Korking Vedran

Preverts Iz Shanghai

Singapore Stewa ParkingYa

Σπάτων

Tonsid

<bars) WELEDING

THE CHINA MAIL, FRIDAY, JUNE, 28.

Commerce and Finance

"LOCAL DOLLAR

DECLINES

Silver Prices Rise

The local dollar dropped farthing, opening on demand this morning at 2/27

Silver prices, however, rose 11/16, spot being quoted at 31-1/16}

and forward at 31-5/16.

NEW YORK STOCK

MARKET

American Position Confused

PRESIDENT'S BID FOR POPULARITY

In their market report, Messrs. The London on New York cross- †

S. E. Levy and Company, corres- rate was quoted at US$4.94% pondents for Messrs. White Weld as compared with Us and Company, New York, state:- "Stocks: The American posi

while the New York on (doa cross-rate was

Lan quoted at

tion

is confused. The Presi

Sinstiin ac kits

Form Exshaway and Göderal Banking Divide Cartres Ancorate ouard and. Fiend Depower: US$494, as compared with dent's turn towards the Left to

£—US$494%

excited for one year or shorter perioda at rabes which vi be purciei se application,

A. BREARLEY,

Marage. Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LIID.

Established 1912.

Head Oce:-Hong Kong

Authorised Capital

Paid-up Capital

Total Resources

EXCHANGES

TO-DAY'S QUOTATION

On London—

On TT and demand

4 months' 'sight Credits 4 months” sight

$11,000,000 8.555,000 32,170,492 On Shanghai---

On demand

Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.

Foreign Exchange and Banking On Singapore business of every description trans On demand

acted

On demand

Current Accounts opened and Fixed On Japan- Deposits received for one year or shorter periods at rates which will be quoted on application.

LOCAL SHARES

TO-DAY'S QUOTATIONS

The following is the list of local

quotations issued to-days

→Banks

ELA. Bank $7055 h, $1975 S,

$1055 SOUND EN BRAK (London) $123.12 Chartered Bank £14% °n.

BERLIN STOCK MARKET

Steady Trend Again Prevails

***CHINA, MAIL" SPÉCIAL

Berlin To-day-

ADVERTISEMENTS

A. S. WATSON & CO. LIMITED.

NOTICE

On MONDAY, the 1st July. Share market prices held up All Departments will be CLOSED.

yesterday, although almost ne The Hongking Dispensary,

business was done. The stezeï-

Dispensing Department

Mercantile Bank A. &ness is attributed to the promo will be open for dispensing tion of confidence owing to the prescriptions from 10 am to 1 pm.

and from 6 pm to 750 pin.

Mercantile Bank C. £1524 3. Bank of East Asia. $87 'n

Insurances

Canton Bus. $209 m. Union Ins. $355 b China Underwriters, 40 cts. - China Fire Ins. $352 n. FLK Fire Ins. $200 m. International Assce. $4 ni

Shipping Douglases $36, 1.

Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def). $12 n. Shell (Bearer) $71/102 Union Waterboats $117 n

Mining

recaptare popularity is more pro-EK Steamboats $4 m. bable. We would advise caution. though the basic position re mains favourable and we consi der the recent plans, like taxa- tion, are less harmful to the im- mediate business situation than interventions and 2/21 the earlier

Business done:-740,- 2/2 controls. 235 000 shares.

"Grains: Short interests are now less confident. Inquiries for 133 four are improving. Total sales:

-20.$22,000 bushels; Cor:-9 106,000 bushels

915% "Cotton:- Temperatures are satisfactory, but scattered "rains in the Western Belt are slightly| 1872 unfavourable. Offerings were on the light side, except on ... ad- vances.

"Rubber: -The position re- mains unchanged. Total sales: -348 lots.

On India....

Safe Deposit Boxer (various sizes) for hire

On TT. and demand

On New York-

On demand

1462/4

Credits 60 days" sight

$45% 5634

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

Deposit them in a. Vanit

that is really: FIRE-PROOF

| BURGLAR - PROOF

DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

located on the -Mezzanine Floor of

On Batavia---

On demand

On Paris-

On demand

Credits months' sight

On Saigon-

On demand

On Manila.wm

On demand

Our New building is Specially Con- On Bangkok- structed to provide all of these In- portant Qualities.

On demand

*Copper: --Tenders totalling 168 were well taken, but Custom smelters are pressing and fur 79ther price-shading appears to be

zear

82274 The following telegrams were .86744 received last night:--

"Rubber:-July liquidation is the principal reason for the de- cline, but it is now almost finish- 109 ed. Barring unfavourable

Res-

triction Committee developments, sajan early advance is warranted.

“Grains: --- Generally showery 31-1/16 conditions in the Grain Belt are.

forecasted.

You may obtain a Safe Deposit Sovereigns bank buying rate 2/3 Eox in this most up-to-date Vault for Bar silver per uz.

your own use at a very moderate Re-Bar silver in Hong Kong ital

Inspection Cordially Invite

THE NATIONAL COMMERCIAL

& SAVINGS BANK, LTD. Corner of lee. Konse Street and Des Voeux Road, Central

THE

¡Copper cash Copper ceats

Rate of native interest Chinese sub. coin Hong Kong sub, coin

11001.

pat.

Latest Quotations

D

Antamoks 7.1 ch. 12 Balatons SISSEL Baguio Gold 21 cts. b. Benguet Consolidated $10 Beignet Exploration 10 cls. De Benguet Goldfield $10 m. Big Wedge 8 cts. I Gold Creek 30 cts. Gold River 5 cts. - Ipo Mining 90 cts,^ri. Itogons 32 eta, në

Salacots 12 ets. n.". Kailan Mining Ad. 14/6 m. Langkats (Single) Sh. $14. 1. Shai Exploration Sh. $414 n S'hai Loans. Sh. $51⁄4 n. Ranhs $5.90 m." Venz; Goldfeld $2.90 n.

Docks, etc. HK and K. Wharves $78

Cum.rts

..

EK and K. Wharves ex right

STIL T

publication of statistics • show ing a considerable increase in

the sales of the Rhine Westpha-

The Kowloon Dispensary will be lian Coal Syndicate and a heavier open for business from 10 am to

demand for lignite, indicazing greater industrial activity. The Exed interest securities), market was quiet, gold mortcake bonds being depressed. Call money was [at 3%-Trans-Ocean Service

U.S. COPPER TRADE

Price Reduced By Custom Smelters

Washington, To-day. It is reported that the custom smelters are offering first-hand copper at 8 cents, which was hitherto at 9 cents. Reuter

I putti

BANK HOLIDAY ·

Accordance with GovRIIN Ordinance, the EX- CHANGE BANKS will be CLOS- ED for the Transaction of Public Business on MONDAY, the 1st. July, 1935. The First Week- day in July).

Hong Kong, 27th June, 1935.

THE BANK OF EAST ASIA, LTD.

NOTICE OF REMOVAL

that we will remove to our

4. message received yesterday NOTICE IS HEREBY GIVEN stated that the US Copper As sociation had decided to contince new Bank Premises, No. 10, Des only reporting member sales for Voeux Road, Central on 2nd July statistical purposes, but would 1935 [drop co-operative measures such

Hong Kong, 27th June, 1935. as sales quotas, buying agree ments with fabricators, and price) |reports," with a view to keepingi the industry from attack by | pries-ixing. The market was thus entirely open for the first

LOCAL NEWS BREVITIES

time since last Autumn. Custom Mr. Kwok Ein Wang Director smelters had no preference sales of Hin Fat and Co., Ltd., is leav- quotas and the trade was awaiting the Colony to-day on a basi-- jing price indications in a most ness tour of the Kwangting and Kwangxi Provinces. As the tran- interested manner.

As a result of the abandon-sportation of all machinery for H. K. and K. Wharves right $1ment of the copper code prac- the sugar factories of the said tices, trade circles expected an Governments is undertaken by early reduction in the price of his company, his present, tour The opinion was held will be chiefly confined to mat- that some sellers would reduce ters appertaining to transporta- immediately but for the fact that tion. June 30 was inventory time and producere

1

HK and W. Docks $9 a Providents (old) 85 cts, zi

·Providents (new) 20 cta. z. Hong Kew Sh. $240 n. New Engineering Sh. $4 n- Sbai Docks Sh. 390 m.

Cotton Mills: Ewo. Cottons Sh. $8 1.

The following quotations were Shanghai Cotton Told Sh. 3% pa received by Henter 32 dis

par.

NY/London

· cross-rate

RAW RUBBER PRICES Cossen Oct. 11.30

AMERICAN EXPRESS COMPANY, Latest Quotations From

INC.

Head Offer:és, Broadway, New York

• Guns Manager.

Capital 82:2:78 Reserves

THE CHINA & SOUTH SEA BANK

LIMITED

(Incorporated in China)

Flead Office

Capiti..

Shanghai

$.500.000.00

Reserve .....$1,500,000.00

.U.S.$6,000,000.00

BRANCHES:—

2,183,623.06 870,73105

Asterdam

Groce

Antwerp

Ara

The Hinge

層

• Tenna

Moo Sire Napis Pirse

11.mberg

Berita

Hxt

Kombay

· Fafcirilmang

Breten

Primel

Cairo

Calcutta

Barking

Branches All important Cities

in China

Foreign Exsbaner and Opera

Business sransacted...

Carmor and Swing Accmurin opened and Fland Deposite noised for son year or shorter periode

na zanes which wûn be quoted on application.

*SOU Z CHANG,

25, Dex Forus Road, Cround

Muonger'a Offer

Forsigo Exchange Dept, a na vatrona General Offer me Cashier's Odion

K

Capmen Colombo Capentaren Dublin

handled

Fac Juris Tendon Lisepool Incerte

Luzer

investment

Pariv

Priping Palermo

Rotterdam Rom

Shanghai

accounts

Singapore

Prev. To-day's

close

close

494 4943

11.36 ་བག་

81

71.50 6:924

N.F. Bubber Sept. 12.36. Chicago Wheat Sept. 81

Chicago Corn Sept 769

| Montreal Silver Dec. 71.50

| Silver Official-1.11 6924

Dow Jones Averages Messrs. H. E. Joseph & Co. have 30 Industrials 117.64 117.56 .08 of 32.76: 32.63 12 of received the following Straits 20 Rails

20 Utilities" - 21.58 21.56, 32 of Currency quotations from Sinza 40 Bend's 96.92 96.69 23.01 pore for Eaw Rubber.

11 Commodity

Index

56:30 56.38 .01 of Business Done:-740,000 shares.

Spot 19 % Unchanged 20 July/Sept. 20% Unchanged 20 Oct/Dec. 21 1⁄4 Unchanged 21.3%

Jan/March 22 down%22% COMMODITY PRICES

Market: Steadier.

· REICHSMARK QUOTATIONS

vice.

THE

The following quotations have been received by Renter.

Prev. Yesterday: Closing Closing

$6671 Shanghai Cotton (new) $41

Zoong Sings Sh. $874 n.

Wing On Textiles, Sh. $56 m

Lands, Hotels, etc

FK and S. Hotels $4.15 n. HK. Lands $34 b. HK Lands

4% Debentures

100% Die Shanghai Lands Sh. $20 Do Metropolitan Lands Sh, $10 Humphreys $81⁄4 SEL HK Realties $4. Chinese Estates $90 z China Realties Sh. $4, n. China Debentures $129.

Public Utilities. HK Tramways $13:10 h. Peak Trams (old) $7% m. Peak Trans (new) $53⁄41⁄2 1 Star Ferries $77

Yaumată Ferries $171⁄2 n. C. Lights $8.30 h.

HK Electrics $564 b. $563%

Macao Electrics $231⁄2 37 Sandakan Light 331⁄2 8 Telephones (old) $20% b. Telephones (new) $8.10 h. China Bases Sh. $1131⁄2 n. Singapore Traction: 10/6 b Singapore Pref. 22/6 b.

Industrials Malabon Sugar $87% D Cald: Mack (Ord), Sh $19

Southampton

Singapore

"Timis

Tormina

Marseille

Berlin, to-day, Reichsmark | quotations" (without guarantee) New York Cotton

Xanag

Finish FRENEMY

Monte Cario

are: New York, 40-45; Faris, July

11.61

11.69

Hasila

Genera

mich

Yokohama 7.gide

HONG KONG BRANCH:

Montreux

609.50; Amsterdam, 59.21; and October London, 1229 The Paris 'ster-December

1130

· 11.36

11.30

1128

Branches

11.30

11:39

11.33

1141

May...

11.38

11.43

Spot

11.95

12.00

New York Eubber

July: ...

12.25

12:20

September

12:36

12.39

December

32.59 12.60

January

March

12.67n 12.67 172=84 12.80b

Chicago Wheat: July

80

80

Septe

81

SI

83%

8374

Chicago

81/2

7678

7534

Dairy Farms $1435 b, $14/

24.00 sa

60/2

647%

Watson 23.10 1.

Thest

Lane Crawfords $21⁄2 11.

8114

Mackintosh 7 m

82%

Sinceres 18

Alexandria

Read Office:YOKOHAMA"

Brancher and Agencies at

Nagasaki

Nagoy

New York

Osalce

Paris

Rectavia

Department,

E W. DUGGAN,

Manager.

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

of American Expressing quotation is 74.52, and the January (1936) Company in Principal cities of United dollar, 15.085-Trans-Ocean Sex-March States of America and Canada.

All classes of Commercial Bankingį: Transactions undertaken

Personal

The Company offers to intending! Travellers the use of its "Travellers Cheques" and Letters of Credit zod -Capita: (full paid-up) Yen. 100,000,000 in addition, the world-wide services Reserve Fund Yen. 125,800,000 of its thoroughly equipped Travel

Berlin

Calcatta

Canton

Dairen. (Dalny)

Fenetien (Mukden) Bio de Janeiro

Hamburg

Hanków

Harbin

Bong Kong

Honolulu Hsinking

Karachi

London

Los Angeles

Pripinz Rangoon San Francisco

Seattle

Semarang Shanghai Singapore

Sourabaya

Sydney Tientsia Tokyo

Tsingtan

Yingkow

allowed for Current

Departs received for fixed

ates to be obtained on

THE WING ON BANK

LIMITED.

Head Office: Hong Kong 26, Des Voeux Road Central. Authorised Capital $10,000,000 AO LONDON BANKERS— Westminster Band, Ltd. Foreign Exchange and every des caption of banking business transact

Current Accounts and Savings Ac- [counts; opened. Fized/Deposits re- feeived, at cates which will be quoted on application Special rates, given Ac-1for Special depositame

beeship and

Safe Deposit Boxes

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up -- $5,000,000,

Reserves

$7.300,000. Capital Savings Dept. $500,000. Beserve Savings Dept. $600,000,

Head Office Shanghai - “

A Bank having as its mission the industrial development of China and the fostering of her

abroad commercial relations Hong Kong Office ace

Ice. Hoone St “Phone*1,481-2-3

Is It Insured?

Bombay.

Cald: Macg. (Prel), Sh. $13 n Canton, Ices $1.80 n. Cements: $54 5. converted. HE Ropes $2 n.

Stores, etc.

W Powells, 70 cts. n.

No.3 No.1 No.3 Wing On (HK)) $100 n

2.35

Kass

247 239

20115)

217

Miscelaneous

185

copper.

were reluctant

40

The local police authorities are mark, down inventories before endeavouring to get in touch that date

with the European gentleman who on

Saturday last at about 13.05 am: telephoned the Wanchai

Police Station that an injured. Chinese imale was lying in Gap. Road near Stubbs Road, and that the man had been knocked down by a car. The report proved correct and the injured man has

admitted to

NEW YORK STOCK EXCHANGE

Latest Quotations

June 28.

since been

the

The following quotations were ze-| Government Civil Hospital. ceived by Reuter

Yeung Taan (or Chun), late of No. 36. Des

Voeur Road, West, who died at Canton on November. 126, 1984, left local estate to the raine of $64,900. Probate of the Will has been granted to Leung Ngoh-tai and Yeung Chnek-wai,

Last close 10.90 11001 NYLondon 4907" 434. N.. Cotton

July Oci

N.Y. Rubber

Faly Sept

196

1161 11.65

11.69- 11.20 11.36 11:37

19:05 *12.15 19:16: 12.36 1233 12.36

Wheat July

$1

1208

C. Corn July 824 W Wheat

July

814

S

STOCKS:—

Amber Smelting 41% Con Gas N.Y. 25%

247 245

Elec Bond &

Share

3214

10 40%

2774

17

General Motors 32% 32%

Int Tel & Tel

Loew's Inc Montgomery-

Ward

40%

NY Central 17 Standard Of

NJ

US Steel

33

"TAX THE RICH"

Programme Hearing Delayed

merchants.

For the theft of a small rattan basket containing 21 coppers from a shop in Queen's Road, Chan Shing, an unemployed, was (this morning sentenced to two months hard abour by Mz. Q A. A. Macfadyen at the Central Police Court...

So Wai, aged 58, who had been banished for 10 years in May this year, was this morning sen [tenced to 10 months hard labour by Mr QA A. Macfadyen at the Central Police Court for return- ing to the Colony

Three cases of cerebro-spinal

meningitis, 2 cases of diphtheria

and one cast of enteric Fer were reported as becurring Colony in the 24 hours ended on Wednesday

Chru

Wzys

Washington, To-day. After a three-hour conference with Mr. Henry A Morgenthau, Secretary to the Treasury, group of tax exper and Means Committee House of Representati mocrats, deci opening

W25.

SED PON