1935-07-09 — Page 6

BANKS

HONG KONG AND SHANGHAI 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 Funds

Stering £6,500,000

*

Silver ...

10,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON

Paid-up Capital Reserve Liability of Pro

prietors

-20,000,000) Reserve Fund

HEAD OFFICE HONG KONG.

BOARD OF DIRECTORS.

a.

Dodwel. Eng.

Charmai

ac Esight, 'Ba

Deputy Cha-TOBE

V. Gryburn Eq......

Chief Marget.

Alor Star Acetato Demar

£3.000.000 £5,000,000

£3,000,000!

Agencies and Branches: .

• Iloilo.

Ego."

Batarin Bombay

Calcutta

Ipoh

Boba Kunin

Banroom

· Semarang Seremban Shanghai Singapors. Sinan Nourshaga

CHINA MAIL TUESDAY, JULY 4, 1935

NANKING SUBSIDIES NEW YORK STOCK

Commerce and FOR EDUCATION

LOCAL DOLLAR

DECLINES

Silver Prices Drop

to

The local dollar has declined a farthing, opening on demand this morning at 2/14 (zöminal) Spot silver also declined 30-7/16, and forward to 30-9/16.

The London on New York cross- rate was quoted at $US$496

m

W. H. Bell, Esq., . S. Morrison Escor

A. E. Compton Esq.

Cebu

M. Johnson, Esq. Colombo

Hon Mr. J. J. Paterson,

نظر

Baiphong

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

AMOT

BANGKOK BATAVIA

HONBAY CALCUTI CANTON CHICO COLOMBO DAIRES

FOOCHOW

HANRING

HANKOW..

HARBIN

BONGKEW

ILOILO

ZOR

JOROKE

KONF

TOWLOON

BRANCHES

LANDON

LYOKS

MALACCA

MAKA

NUAR 13ohore)

NORDEX

NEW YORK

PEIPING

DEXANG

RANGOON

SAIGON

SAN FRANCISCO

XUALA LUMPUR

SHANGHAI

SINGAPORK

SURABAYA

SUNGEI PAZANI

STIENTRIX

TOKYO TSINGTAO TOKOHAMA

Curmet Seemante opened in Lora Camacy

and Fixed Thiponite mixed for com mar of adopter pro in Lori Compaor and Sorting- with wì? de quated on spplication Hong Kong, 6th April, 1935.

on Teruss

Bankow Harbin

Boor ong

Lampat Kuching Nadzor

Manda Kedan New York Persins

(Peking) PROACE

Tupo WELS Tongka *>(Bhunt)

Yokohama Zamboanga

Exchange and General Banking but Cumal Accousts (opened and Fixed Deporte perceived for one year or shorter perioda at raves

which will de quosad on application.

A BREARLEY.

Manager. Hong Kong, 1st January, 1985.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources

compared with £-US$195, while the New York on Loo don cross-rate was quoted at US$1974 as compared with S-U.S.$4.953⁄41⁄2..

EXCHANGES TO-DAY'S QUOTATION

On London

On TT and demand

2,71/2

-2/1

4 months" sight: Credits 4 months' sight.2/2

$12,000,000 On Shanghai--

On demand $,635,000 32.170,492 On Singapore--

On demand On Japan-

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

Foreign Exchange and Banking business of every description tráns

HONG KONG SAVINGS BANK acted.

„The Buries of the above Fank is rooduct

ed by the G KONG AND SHANGHAI BANKING COLPOZATION,

patinda

Rulen may be FOR THE HUNG BONG AND SHANGHAI BANKING CUMPURATION

V. GRATITEN,

Chat Recei

Hong Kong Jobnery, 1982

THE BANK OF EAST ASIA, LTD.

Authoring Capital ..

roid-up Capital

Bev and Kadividue Pro50.000,00 -

DEAD OFFICE-HONG KONG

1. Das Tend

BOARD OF DIRECTVER

Ti Enon Chra, Easy II Fine Eng Tour!

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

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST!

Te Safeguard Your Valuables and Jewelleries. Deposit them in a Vault

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

OUR SAFE DEPOSIT VAULT

On India---

On New York-

Finance

LOCAL SHARES TO-DAY'S QUOTATIONS

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

Binla

HF Bank $1075:b

HK. Bank (London) $12415 Chartered Bank £14% n

SMD.

Mercantile Bank C £152 L Bank of East Asia $81 27

Insurances

Grant Announced Of Huge Sum

NEARLY $18,000,068 TO-

BE DISTRIBUTED

Nanking

MARKET

EW ADVERTISEMENTS

Anomalous Buying Of PUBLIC AUCTION

Industrials

OUTLOOK STILL FAVOURS BULLISH POSITION

In their market report, Mesars- was S. E. Lery and Company, Torres- A sum of $9,604,972 appropriated by the National pordents for Messrs. White Weld

and and Company, New York, state: Government as ordinary

(Continued on Page 7) Latest Quotations

(Continued on Page 7)

4.97

n.

extraordinary subsidies to the various educational and cultural institutions for the 24th, fiscal

Meresatile Bank A and

B.

the Ministry of Education re-received by Reuter- cently.

year, from July 1, 1935, to June. The following quotations were 30, 1936, it was announced by

NYLondon

cross-rate

NY Cotton Oct.

Prev. To-day's close close

14.96. 11.66 11.64

Chicago Wheat Sept. 193406 Chicago Corn Sept. 7425 Montreal Silver Dec. 69.66.69.95

683 *68* Silver Official kinni

Dow Jones Averages --..

50%

20 Rails ....

20 ucilities

40 Bonds

Canton Ins. $203. 2. Union Ins. $36731⁄2 b.. China Underwriters 40 cts. The China Fire Ins. $382 1. HK Fire Ins $200 si International Assce. $6 *e

Shipping

Douglases $36 1- HK Steamboats 54 m. Indo-Chinas (Pref), $30 2. Indo-Chinas (Def), $12 n° Shell Bearer) $70/71⁄2 z Union Waterbosts 11 The

Mining

Antamoks 70 ctx2.

Balstoes $18 ♫

Baguio Gold 23 cts. b..

134

9133

On demand.

180%

On T.T. and demand

.140%

Benguet Consolidated 11 cts. Benguet Exploration 10 cts Benguet Goldfeld 10 cts a

On demand

5234

Big Wedge Sct.

Credits 60 days' sight,

5478

Gold Creek 30 cts.

On Batavia--

Gold River 5 ctan

On demand

16%

Ipo Mining 90 cts. I

On Paris-

Itogons 32 ets a-

On demand

79224

Credits 4 months sight 837

On Saigon

On demand

79.

105%

Venz Goldheld

ST

Docks, etc.

On Manila...

On demand

On Bangkok-

On demand

Par silver per oz-

Sovereigns bank buying rate 2/23%

¡Bar silver in Hong Kong

Ten Tag Eat Chat Chine Engel Las located on the Mezzanine Floor of Copper cash.

Sang Di Tong Chu son. Fog and Ken Yug On New building is Specially Con-

To. I.

Kan or la Fag Cat Mangst.

In The Foc. Eng. Xasa

Iphone

BEANCHES AND ROENCIL -

Rita

Namaki

Seeman

Singapore

مام الام ولاية النيل الاية

Amay

Barcin

Batang

Calrytta

New York

Canton

Pama Pripre De any

Swarow

T

Tintatnia

S

Tokyo

bocinco

PASSCOUTT Takahara

يعي محمدا

Bonolulu Kabe

-Fowlone Doudou

Every descripun of Backing and Erkance butors 1

Losta started on approvON!

Carl Alente opend in Zeral CurreDey and Fixed Deposit rested 100 one WHT OF aborter pericul in Local and Towign Currencies on terrow which wil be quoted on applicatist

Safe Deposit Boxes To Let

SAX TOXG TH),

THE CHINA & SOUTH SEA BANK,

LIMITED

Copper cents

stracted to provide all of these Rate of native interest portant Qualities.

You

121

30 7/16

Hom

par:

3% p.2.

par. obtain a Safe Deposit Chinese Sub Coin........ 3225% dis

Box in this most up-to-date Vaali for Hong Kong sub. coin your own use at a very moderate Ren-

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

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

THE

AMERICAN EXPRESS COMPANY, INC

Head Office:---65, Broadway, New York

NEW YORK STOCK EXCHANGE

Latest Quotations

Salacots 12 cts. z.

Kallan Mining Ad. 14/6 n. Langkats (Single) Sh. $14 m. S'hai Exploration Sh. $415. Shai Leans Sh. $54 Fanbe $3 b

HK. and K. Wharves (new) $74

5.

HK and K. Wharves (old) $76%

I

"

HE and W. Docks $6 Providents (old). 85 cts. 1. Providents (new): 20 cts. a. Hong Kew Sh. $240 n. New Engineering St. $4 n. S'hai Docks Sh. $30 n.

-Cotton Mills

Ewo Cottons. Sh. $

(old) Shanghai Cotton

$65 1

Shanghai Cotton (new) $40 m. Zoong Sings Sh. $876 I

Wing Or Textiles, Sh.528 - Lands, Hotels, etc.

HK. and S. Hotels $4 n. HK. Lands $35 nom. HE. Lands

100%

4% Debentures

BERLIN SHARE N Rubber Sept 12.32 12.30

MARKET

PRICES CONTINUE TO MOUNT

-CHINA MAIL.“ SPECIAL

Berlin To-day-

30 Industrials 121.02 12235 1.53 op 32.48 32.68 20 up --22.81 92.85. 05 up gren 9715-12 up

54.80

Index - Stare prices went on mounting 12 Commodity

Business Done:-1,270,000 shares. yesterday, the turnover in special} cases being considerable. stimulus in this case is attribut- ed to the announcement of a for-

The!

ther increase in the aggregate de UNEMPLOYMENT IN

posits in the German

and

savings

potash

banks in June and the greater tales of Euhr coal during the same mouth

Metallurgicals shares were especially active

Although no great amount of business in fixed interest securi-.. ties was transacted, the prices) showed a tendency to rise.

Call pecially municipal loans. money was at 232 to 2% per cent -Trans-Ocean Service.

REICHSMARK QUOTATIONS

ENGLAND

Marked Improvement In Situation

JUNE FIGURES ISSUED

London, To-day. A further considerable imm provement in the employment si- tnation in Britain is shown in

T

THE Undersigned have received instructions from the Exect→ tors of the Estate of the Tate Lady Chater, deceased, to sell by Public Auction

Tuesday, the 16th July, 1935 commencing at 230 pm.

at Marble Hall No. 1 Conduit Road

A COLLECTION OF VERY FINE AND VALUABLE BLACKWOOD

WARE

Comprising Clondwood inlaid table and stools, Marble top curio Carved stools: and stands Cabinets, Tables, Opium stools, Taïlee stone inlaid couches and inlaid Mother-of-pearl chairs, cabinet, Joss tables etc.. etc..

*Beautiful Satin Wood Cabinets, Screens, Flower stands, Desks, etc.

Silk brocade covered sofas and chairs.

Fine inlaid Japanese cabinet Fine Carpets and Rags etc, etc. On view from Sunday the 14th. July, 1935.

Catalogues will be issued Terms: Cash on Delivery

LAMMERT BROS.

Auctioneers.

Hong Kong, July 9, 1935.

BASLE BANK AND CURRENCIES

COMMON ACTION TO RESIST ATTACK

Basle, To-day-

Common action to defeat any

the figures for June, published attack on the currency of any by the Ministry of Labour. The country connected with the Bank Berlin, to-day- Reichsmark numbers of unemployed, which of International Settlements - was quotations (without quarantee) are the lowest recorded since the decided on yesterday at a meet- official, Mr. York; 45-40; Paris-end of July, 1930, fall only byling of the board One American are: New

Ernest Moore, has departed. 609.5; Amsterdam, 59.15, and 100 odd to bring the total down London, 12.295 The Paris ster-to below the 2,000,000 mark.

The Ministry estimates that at There are difficulties about find- ling quotation is 7483, and the

ellar, 15.0875-Trans-Ocean Ser-June 24 there were approximatering a suitable American repre ly 10,361,000 insured persons sentative owing to the regula- aged 16 to 64 in employment in tions that the American repre- should reside in Britain- This was 27,000 more sentative than at May 20 and 188,000 more Europe.--Renter. than the year before, and is the highest number recorded during the period of over 14 years for which these figures are available.

vice

SKILLED WORKMEN IN GERMANY

Conditions Of Employ By Foreigners

** CHINA MAIL" SPECIAL

Ze

At the same date the numbers of unemployed persons on the re- gisters in Britain totalled 2,000,- 110. comprising 1,615,081 Berlin, To-day.

55,647 boys, 283,308 women, and The priceless asset Germany po 4.074 girls. The total was 44,- sesses in the shape of expert 642 less than at May 20 and 92- workers, whose training, know-1476 less than the year before ledge, skill, and experience fit them British Wireless Service. for highly specialised technical

work, is to be safeguarded in the interests of the nation through the

Metropolitan Lands Sh. $10 n. provisions of a decree issued b TOBACCO GROWING

July 9. The following quotations were ceived by Reater

Last <lose

Chief Manager..

Capital Surplus

XYLondon 4.96.

F. Cotton.. Oct XY. Rubbe

Dec

Reserves

S.$6,000,000.00 2,183,633.06 870.731.05

C. Mbeat

Sept

De

793 8134

10.20 11.00 496 496

11.66 1157 11.54

1248 12.45 12.52

80%

Shanghai Lands Sh. $201⁄2 ne

Humphreys $81⁄4 ».

H K Reales $4 n.

BRANCHES

C. Com Sept.

Chinese Estates $90 m.

Ameterdama Antwerp Achers. Aca

Ferie Portbay Bremen

Dec.

52

STOCKS

BAYADA

Amier Smelting 41

11mkar

Con Gas NY

2534

2612

226

Tripint

Palerme

Elec Bond &

E.K. Tramways $13 n.

94

9

Peak Trans (old) $73%

Southampton

General Motors 33% In Tel & Tel 10

334

33%

Peak Trams (new) $5% n

10

Loer's Inc

434 4374

43

Star Ferries $76 r.

Montgomery

Yatimati Fezies $17 n.

Ward

2872

294

17

17

Standard Oil

S

354

47%

25

35

(Incorporated in-China)

Head Office....Shanghai

Capital

Reserve

$7,500,000.00

-$1,500,000.00

in China

Exchange

and General

Bramabes

**Foreign

Basin memacta,

..All Important Cities! Francia

Banking

Carrenew! Sating Accounts opened and Fire Deposite rimed for one year or shorter periods at rates with will be quited on applicazion

SOC Z CHANG,

Manager

TONG KONG BRANCH:

2. Dew TOPUI Road, Central.

Manager's (45_

Foreign Exchange Dupt.

Go Offer

Cashier's Office

33536

Cairo Calcu Canne Colombo Copenhagen

Thikla Edinburgh Firenca Gecera

Hawtherg Interisicon Jorna Londer Liverpool Incine Lutzmo

те

·

Home Carlo

Manila

Mamich

Xonomic

Pirma

Parin

Fotterda Partne Shanchei

Singapore

Tworming

Vienne

Totchma Zurich

Branches of American Express Company in Principal cities of United! States of America and Canada.

All classes of Commercial Banking! Transactions undertaken.

THE YOKOHAMA SPECIE BANK Personal

handled.

investment

LIMITED

The Company offers to interding Established 1880

Travellers the use of its "Travellers Cheques" and Letters of Credit and addition, the world-wide services Capital (full paid-up) Ten 100,000,000 | im Reserve Fund Yen. 125,800,000 of thoroughly equipped Travel

Department,

Bats

Eezd Offres-YOKOHAMA Branches and Agencies at:

Nagasaki andria

Nagoya

Berlin

New York

Bombay

Calcutta Cariton

Dairen (Day)

Osaka

Paris

Perping Rangoon Fergtien (Makden) Pio de Janeiro

San Francisco

Hamburg

Bankow

Harbin

Hong Kong

Asinking

London

Los Angy

NY. Central

NJ US Steel

9%%

LONDON EXCHANGES

London, Yesterday.

74.55/64 496-13/16

China Realties Sb. 44 m. China Debentures $123 n.

Public Utilities

the Reich Minister of Labour on June 25 and now made public, re- gulating the procedure for the en-1 ragement of workers by foreign firms and organisations,

IN KWANGTUNG

New Experimental Station Planned

Canton, To-day.

After September 1, 1935, per mission rust first be obtained be- tore any attempt is made to in- The Agriculture and Forestry duce German workmen to accept Bureau is planning to establish situations abroad, even when the a tobacco planting station in cotton foreign firms have already adver- Horsham County and a tised their requirements-Transplanting station in Shinkwan. Experts and technical men have HLK. Electric: $5834 b., $5834759 Ocean Service.

been appointed to make prepar-

C. Light $8.30 sa

Macao Electrics $226 Sandakan Light $34. Telephones (old) $23.10 b. Telesphones. (new) $8 b.. China Buses Sh. $111⁄2 1 Singapore Traction 10/6 b Singapore Pref: 22/6 b

Industrials

Malabon Sagar $8 Cald: Kacz (Ord). Sh. $194

Pais

New York

Montreal

27.497.

Brassels

29.37

Geneva Amsterdam

1514 728

-Milan

60 1/16

Cald: Macg. (Pref), Sh. $13

-72.30

-118%

35%

515 sellers

95% 5.0.

1/77%

Berlin

*Prague

EW. DUGGAN,

Madrid

Manager

Athens Montevideo Shanghai

THE WING ON BANK Hong Kong

(UNITED ARA

Head Office: Hong Kong “ 26, Dex Young Bord Central. Authorised Capital $10,000,000- LONDON BANKEES -

Westminster Band, Ltd- Foreign Exchange and every des cription of banking business “LERIES

30 7/16 30-9/16 106 British Wireless Service.

THE SHANGHAT COMMERCIAL & SAVINGS BANK LIMITED

Silver Spot Silver Forward War Loan 32%

Canton Ices $1.80 mi

Cements $5

HAK. Ropes $2 m

Stores, etc.

Dairy Farms $15

Watson $32

b.

Lane, Crawford $2.90 b, $3 na Macintosh tr

Sinceres $6,80 m Ex. div.

WEL Powells 70 cta. n. Wing On (HE) $70 n

Miscellane

HK Ammements $1.85' 11" Entertainments $4 në

C Enterprises $1.35 n. Macao Greyhound

Cons uctions (eld $140

ructions (new) 70 cts.

RAW RUBBER PRICES ations

It is understood that the Bar

lean acts in accordance with the Latest Quotations From order of the Provincial Depart

Singapore

ment of Reconstruction, which instructed it to map out plans for Messrs. H. E. Joseph & Co. have increase of production of cotton received the following Straits and tobacco and the improve- tobacco growing being leading Currency quotations from Staga- ment of their qualities, cotton and pore for Paw Rubber.

Selers industries in this province-Cer M Buyers Spot... 19 % Unchanged 29 stal Press

July/Sept. 20 % Unchanged 20%

Oct/Dec. 20 % Up

Jan/Mar. 21 % Up%

Market: Steadiër.

21

21%

MANUFACTURE OF FERTILISERS

Kwangtung Supplying Own Needs

The pho

Today

FINANCES OF KWANGTUNG

Figures Of Revenue And Expenditure

Canton, 10-day According to statistics comp by the Investigation ties Bureau, the Pri

the venne for

$56,1

Everything

gone.. BUT YOUR SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST, INC

Asia Life Building Bong Kong

30234

Is it Insured?

1925

FOR SALE OR TO LET

SALE