1935-07-02 — Page 5

BANKS

HONG KONG AND SHANGHAF

BANKING CORPORATION

Authorised Capital

$50,000,000)

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.“

Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1853.

Reserve Fundko--

*Sterline... £6,500,000

Shver

$10,000.000

Reserve Liability of Pro-

prietor

HEAD OFFICE HONG KÒNG.

DOARD OF DIRECTORS.

5. H. Dodwel, Eng.

Chairman.

HEAD OFFICE: LONDON

Paid-up Capital

20,000,000

Reserve Fund

ES.000,003 £:£3,000,000

Eeserve Liability of Pro--

prietors

,000,000

Agencies and Branches:

Alor Star

Deta

Amritune

Ipoh -

*Bangkok

Karachi

Bombay

Ang Robe

Seremban

Yampar

Cawapre

Loebing

Compton Esq.

Coba ****

Коль

Hon M JL. Paterson,

Dribi Haiphong

Medan

Tongka

New Tack

(Bhabur)

(Poking) PRERE

CC Faight. Eng.

Deputy Chairman...

T. M. Grayburn, Esq.

Chief Xanager.

W. E. Bell, Esq., K. S. Morrison Esq,Cantou A

M. T. Johnson, Esq., Colombo.

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

BRANCHES

BANGFOX

LONDON FOXN SIALLOCA

BATAVIA.

BONBILT

CALCUTTA

CANTON

CHEFOO

COLORO

DAIRES TOUCHOW

HMONG

HOW HARMIN HOWLET

ILOILO

POK

JOHORE

XO8X

FOWLOUN

MANILA

CAR/Tenor); MUKDEN NEW YORK PRIPING FEXING

LANGOON

SAIGON

SAN FRANCISCO-

KUALA LUMPUR

SHANGHA

SINGAPORE

SOURABATA

SERGEI PATANI TIENTSIN

TOXTO

TRINGTAO YOKCHAMA

Carrot Arcata opened in Local Currency ADC Find Deponita momized for one your or sheer prestum in Loral Company and Sterling 60-seat will be quoted on application.

Hong Kong, 6th April, 1935.

*

Hankow Barbik Hong Song

Kasabaye Taiping

Talagas Tokobame Zamboang 2. Formiga Exchange sad Genwa), Backing sudinem

Zaxed

Commerce and

Finance

LOCAL DOLLAR

STEADY

Silver Prices Rise

The local dollar-is, uncha opening on demand this morning at 2/235

Silver prices, however, rose spot being quoted at 314 and for ward at 31

The London on New York cross rate was quoted at US$49% as compared with £ US$4943 while the New York on Lon con cross-rate was quoted at £ US $4.944, as compared with

Cament Accounts opened and Fined Depot received for one your or shorter periodu sé. zero- |£-US$19. which will be quoted,, on application...

A. BREARLEY,

Manager Hong Kong, 1st January, 1996.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources

:

$11,000,000 8,655,000 32,170,492

Branches: Canton, Toïshan, Su nghai.

Hankow, Bangkok & San Francisco.

HONG KONG SAVINGS BANK acted.

The Bane of the show Baik in conduct

ed by a 11NG KONG AND SHANGHAI BANKING CORPORATION. „ Rain-pay be ablamed, un appuistoksen

FOREÔNG KONG AND SHANGHAI BANKING CORPORATION

T. M. GRAYBLES,

Chief Manage.

Bagong, th Primary, 1285

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Taid-up Capita

$14,000,000,

GDYN

Reverte and Cadiendus Pres✡90,100,00

HEAD OFFICE-HONG KONG

Da Tour Head Costea.

BOSED OF DIRECTORS A

• Siboron Com, C'animman, Lion Chak D. P. K. F. Esq. Wang Tun Tong, Exq. Chan Ching hek Fan SADE, E Kong Cao on. Eng, and Kan Tie

Ta Ext.

Astreve

Kap Zone To. Eng. The Manager. Lise Food F

BRANCITES AND AGENCIES:-

Hania

ל

BERLIN STOCK MARKET

Friendly Trend Again In Evidence

*CHINA MAIL" SPECIAL

Berlin, To-day.. Yesterday's share market London Bankers: Lloyds Bank Ltd was marked by the continuance

Foreign Exchange and Banking| business of every description trans-of last week's friendly tone, prices being firmer, though the Current Accounts opened and Fixed volume of business was rela- Deposits received for one year *itively small. Fixed interest se shorter periods at rates which wat be

curities, on the contrary, were quoted on application.

Safe Deposit Boxes (various sizes) very dull. the tendency being erratic. Call money was at 234,

Trans-Ocean Service.

for hire.

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

To Safeguard. Your Valuables and Jewelleries

Deposit them in a Vankt

that is really: FIRE-PROOF

BURGLAR-PROOF DAMP-PROOF!

NEW YORK STOCK EXCHANGE

July 2

The following quotations were re- ceived by Beater:-

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con-XY Rubber

July stracted to provide all of these, Im- portant Qualities

September

You may obtain a Safe Depositia Wheat July: 84% Box in this most up-to-date Vault for C. Corn July

#13

your own use at a very moderate Rea-W. Wheit July 81% Market closed

Inspection Cordially Invited. THE NATIONAL COMMERCIAL

Batavia

Maturae

tal.

Tambay

Sagan

Caiests Cantoo

Haiphone Kanker Honda'u Kob Kowloon Loader

New York.

Paris

Sharp Ningapore

Sourabaya

VILICONE sydney

PA

Tabou

Hangon

Tamara

Sat Frances

Vanemater Yokcharna

"Every, description of Banking and Exchange.

* & SAVINGS BANK, LTD.

Corner of Ice House Street and Des Voeux Road, Central

THE

LOCAL SHARES

TO-DAYS QUOTATIONS

The following is Bit of local share quotations issued to day:

Banks

HE Brk 105 nam FK Bank (London) £124 n- Chartered Bank £14% no- Mercantile Bank &

Mercantile Bank C £13 Bank of East Asiz $81 m2

Insurations

Canton Ins. $205 11. Union Ins -$960 b. China Underwriters 40 cts. Ching Fire Ins. $38° z HK Fire Ins. $200 International Assoc. șă n

Shipping

Douglases $36 m2* HK. Steamboats $4 n. Indo-Chinas (Fref), $30 n Indo-Chinas (Def), $12 1. Shell (Bearer) $71-8 m. Union Waterboats *0% n

Minding Antamoks 70 cts. n. ex div. Balatoes $18 1

Baguio Gold 21 ́cts. b. Benguet Consolidated $105 1. Benguet Exploration 10 cts. "Zie Benguet Goldfield $10

'Big Wedge 8 cts. Gold Creek 30 cts. n.. Gold River 5 cts. - Ipo Mining 90 cbs. D. Itogons 32 els nom Salarots 12 cts, 1. Kallan Mining Ad 14/9 Langle's (Single) Sk. $14 m Shai Exploration Sh. $416 n S'hai. Loans Sh. $574 1. Raube $5.90 TL Vent: Goldfield $230 n.

Docks, etc.

HK and K. Wharves" (old) "$77

OPPOSITION

TO POOSEVELT

TION

RE

"DEA

PROVISION

NICE

The House

during

NEW YORK STOCK MARKET

Utility Holding Co. Legislation

ENCOURAGING RESULT OF

VOTE ON BILL

In their market repart Messrs S. E. Levy and Company, Corres- pondents for Messrs. White Weld ves and Company, New York, state

abol-

BANKING

CONTROL IN

AMERICA

Revised Draft Bill Under Consideration

OPEN MARKER COMMITTEE TO SUPERWISE POLICY

Washington. To-day. Drastically revised from the

Stocks: The result of the vote form in which it was passed by on the Utility Holding Company the House, but retaining con- Bis greatly encouraging and trol of the credit of the nation has already caused a rise in prices in the majority, the Federal Re- in San Francisco. We consider serve Board Barking Bil has the House of Representatives ad-been reported in the Senate to verse vote on the Bill as a very the Bank Committee by the bullish factor-

Business done: Glass Sub-Committee.

Under the revised draft credit 680,000 shares

"Grains: Speculative and Euro-control would be placed in an open House The House is now going pean buying, so far, is negligible, market committee composed of

members of the Federal Re Board and five representa ahead with a modified version of but we think that with increasing rast damage apprehension in the the Utilities I

of the 12 Reserve Banks-at esent the 12 Reserve Bank Contrary to the wishes of the Spring wheat territory, purchases President, the fight over the of grains on moderate setbacks are

Total sales: Wheat: Governors form the open market "death sentance provision wi-advisable.

Reserve Board, of seven members,

It is significant the strength dent's present

the

be transferred to a Conference 42077,000 bushels: Corn: 10,436,-committee while a new Fede Committee, to adjust the dif000 bushels

"Cotton Trading was of a pro-known as the Board of Governors, ferences between the Senate and the House. The Conference Com-fessional character. October was would be appointed for a 14-year

The open market, committee mittee may reject or retain the the most active month and was terra.

relatively strong in sympathy with provisionRenter

the firmness of July and the late-authorised to initiate policies.

garding the buying and selling of ness of the erop.

the Government securities, discount

U.S. LABOUR BOARD EXTENSION

Rubber The Trade was best buyer. Speculators are ex-rates and reserve requirements.

but as under the existing law it {pected to enter the market in Washington, To-day President large way when they realise the would not be mandatory upon the Roosevelt has issued executive or continuous improvement in the Reserve Banks, contrary to the ders extending the life of the Na fundamental situation. We favour House of Representatives version. tional Labour Relations Board matil lan accumulation of holdings.

AN AMENDMENT- „Angust-1- and continning bide-Total sales: 79 lots. *

COMMODITY PRICES

finitely the Steel and Textile Bels- Flash: Steel mill activity during Under an amendment to the tions Boards, all of which were due the past week is estimated at 328 National Bank Law the National to expire yesterday. Reuter. per cent of capacity, against 37.7 Banks would be permitted to un

per cent. the previous week.

derwrite and sell secrzities", with The following telegram was re-limitations. The Banks could not ceived last night:-

underwrite any one issue for more Weather conditions in the Grain than 20 per cent or more than Belts are mostly unfavourable. $100,000 therent, whichever was

any. Consumers supplies of wheat and the larger. In respect of four are reported to be low

|zzare issues the underwriting could not exceed at any time 10 per cent of the bank's capital

EK. and K Wharves (new) $75/Jnly

II.

Cotton Mills

The following quotations have been received by Reuter. W

Prev. Yesterday Closing Closing

11.83 1153 11.51 $12.50

1137 11.49

11.50

·∙1254 11.51 11:59- 1155 1215

Latest Quotations

The following quotations were stock and 10 per cent of its m

impaired surplus. received by Beuter:-

Prev. To-day's The bank's aggregate under- close writings could not exceed at any

time 200 per cent of its capital stock and 200 per cent of its sur 11:51 plus. No bank or banker, under Federal or State supervision would be subject to the Habilities: S75 posed by the Securities Act.

New York,Cotton:~~~-~~-

Last

-

Oct

·10.20 <liose XX/London 4943 4944 49474 NY. Cotton

July

11.83.

11.50 1177 11.50 1144. 11.48

12.48b 12.48 12.54 12.59 12.63 12:393

8574

11.00

October

H.K. and W. Docks $671⁄2 al. Providents (old)-85 cts: n Providents (new) 20 cts. n. Hong Kew Sh. $240 m New Engineering Sh. $4... Shai Docks Sh. $90 n.

December

January (1936) March

11.52 -

close

May

Spot

12.25

XY./London Cross-tzte NYCostonas

New York Rubber

4.94%

11.50

4545

Rabb

July

12.48

12.42

Sept

STOCKS:

Ewo Cottons Sh. $8 2.

September

12.59

12.57

Chicago Wheat

Amer Smelting 424"

Con Gas NY. 255

Sh. December

12.82 12.77

25%

26

Elec Bd. & Sh. T1⁄2 - Gen Motors

324 Int. Tel & Tel 10% Loew's Inc.

32

January March

12.88

12:83

Sept Chicago Corn

854

Sip

13.03

13.00%

Montreal Silve

Mont. Ward 273 NY. Central 173 Stan. Ou X. 46%

*

10% 41

274

10%

IL

Chicago Wheat-

Dec

46

3334

Zoong: Sings Sh. $81⁄2 1. Wing On Textiles, Sh. $55, n.

Landis, Hotels, etc. HF. and S. Hotels $415 m.

H-K Lands $395 nom.

July

84%

September..

85%

December

ST7/8

30 Industrials

Chicago Com

20 Rails

20 Utilities

July

8134

81%

20 Bonds ...

761⁄2

95%

11 Commodity In-

Shanghai Lands Sh. $2014 n.

December Winnipeg. Wheat:- July Angust

673/4

67

41%

busid need. Loans railed on are AMERICAN EXPRESS COMPANY, US. Steel; -— 24

Bacaritzak

Current cousin obras in Loral Curveñas and Fixed Imposite reserved for one year abortos tome in Lon and Foreign Currencies

on bentre war wil be noted on "appin

Safe Deposit uses To Let

KAN TONG PO.

THE CHINA & SOUTH SEA BANK,

·AMITED

INC.

Head Office: 65, Broadway,

New York

US$6,000,000.00 2.183.632:06 870.731.05

Chief Basager.

Capital

Surplus Reserves

Amsterdam. Karwerp

Amcanon.

El-lin

Tombay

BRANCHES-

Gezon Gango The Engan Finauna Tamborg Harre Heideherg

MIJAD Fice

Displan Tiraeus Parin

(Incorporated in Chins) Head OnceShanghai

Capital $7,500,000.00

Reserve

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

Branches....All Important Cities

în China

General

"Foreign Exchange and

Brizo 19ntacted.

Banking

Current Saving Accounts opesand nad Vimed Depoise revised for one he or short periode at Tales Waib will be quoted on application,

SOU Z. CHANG.

Manager.

-Tel, 1965

HONG KONG KRANCHI: Be Dr Tongz Dead, Central. Hanger's Office

Foreign Exchange Dept.

General Mee

Cashier's Office

Linear

Beula

Interlaken

Jenter London Liverpool Lucerne

Poping Palermo Bottesdam Boo

Southampty- Singapore Teutain

DR. GOERDELER'S NEW POST

Law To Remain In Force Provisionally

**CHINA-MAILTM SPECIAL

Berdin To-day.

A law passed on November 5 appointing Dr. Goerdeler for mer Burgomaster of Leipzig, special Beich Commissioner for the supervision of prices and which expires on July 1 this will remain provisionally year, in force, it is officiallyan- nounced until a decision. con- cerning its prolongation, has Branches of American Express been made. Trans-Ocean Ser- Company in Principal cities of United Vice

Calen Cat Coo Cembe

·Copenhage Deblin Flisborgh Flarence Gener

Hailee

Xante, Cario Yapin

1 normiza

Kenien Tokohama

Munich. Zuerich

States of America, and Canada.

All classes of Commercial Manking Transactions undertaken.

THE YOKOHAMA SPECIE BANK Personal

· LIMITED.

Established 2860

handled.

investment.

The Company offers to intending Travellers the use of its "Travellers Cheques" and I atters of Credit and Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services

Reserve Fund .....

Yen 125,800,000

Read OfficeYOKOHAMA

Brancher and Agencies at:

andzia

Nagasaki

New York Onaki

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny) Fangen (Mukden)

Hamburg Hankow Harbin

Hong Kong

of its thoroughly equipped Travel Department

EW. DUGGAN,

Mana

THE WING ON BANK

LIMITED.

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

LONDON BANKEES Westminster Band, Ltd:: Foreign Exchange and every cription of barking bad

Curent: Accommés, and

„VHIES

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED Lincorporated in China

Capital paid up $5,000,000.

Zeserves

$7,200,000 Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000.

Head-Offee

A Bank having as its mission. the industrial development of

China and the fostering at her? Commercial

Is It Insured?

Shanghai Cotton (old)

$56

Shanghai Cotton (new) $414

HK Lands 4% Debentures September

100%

Metropolitan Lands Sh. $10 Humphreys $8744 33. H.K Realties 34 n Chinese- Existes $90 no China Realties: Sh: $4 m China Debentures $123-ni

Public Utilities

31%

Market 823% Zclosed

New York Sugar:-

July Sept.

HK Tramways $13 b., $18.10 Dec.

**

Peak Trams (old) $13⁄4 n. Peak Trams (new) $53⁄41⁄4 I

Star Ferries $TEK - Yanmati Ferries $17 n..

C. Lights $8.90 b. $8.90/9 se EK Electrics $575 hot Macao Electrics $2271⁄2 n. Sandakan Light $3% 5. Telephones (old) 20.90 Telephones (new) #8:20\n China Buses S1 111⁄21⁄21⁄2 2 Singapore Traction 10/6 b Singapore Pref. 22/5 h. Industrials Bu Malabon Sugar 581⁄2 1- Cald Matz. (Ord.), Sh. $19%

Cald: Marg (Pr«f.), Sh. $18 Canton Ices $1.80.

Cements $51⁄4ls HK Ropes $21

Stores, etc. Dairy Farms $14 b. Watson $5.10 bi Lane, Crawfords $232 m. Mackintosh ~71 Sincerer $8 m W Powe

DK) $100 m

No.1 No.3 No. 1 No.3] Con Con. Con Con] 238 237 2400 2.3

-242 239 245 241 247 239 249 241 Jan. (1936) 232n 214 233n 216 Maz

217 New York Sc= [July

September December

2.18

1301⁄2 131 153 132

$1325 1327

Montreal Silvers

July

September

December

20.25 $1.00 72.20

January

Market closed

Market

closed

NEW YORK RECEPTION

The aforementioned amendment was received enthusiastically in Dow Jones Averages

New York banking circies, where. 118.21 118.82 61 Pithe main source of wozy for the

20.37 3292.06 up 21.89 22:04 15 96.72 96.90. 18

56.69

Business Done: 680.000 shares.

BANKRUPTCY OF A SINGER

Earned £900 A Year Since 1932

LIABILITIES £4,759; ASSETS £27

past year has been the diminish- A up ing opportunities for profit.

reflection thereof is seen in the P bank stocks, which sharply ad- vanced on Saturday in anticipa- and held tion of such a measure

firm yest exceptio

The public examination was held in the London Bankruptcy Court recently of Frank Titterton, the singer, of Ashley-drive, Walton- on-Thames. His statement, angirs showed Habilities 4,759, 01 which £2495 are expected to ran and net assets

RAW RUBBER PRICES ME Tatter

Heaving the Latest Quotations From rank of

Singapore

Messrs HB. Joseph & Co. have received the f. following Strat Currency quotations from #Sing pore for Raw Rubber.

Buyers

Spot Judy/Sept 20

Oct/Dec. 21

TanMarch

Market: Easier

down

Sell

1$1,000 EGG FOR SALE

It Once Belonged To An Empress

engaged

£300 and

gone

Everything BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

the

HEAT

TAXES

SAVINGS

SAVE SOMETHING

NOW

UNDERWRITE SAVINGS BA

FOR THE FAR EAST