1935-07-16 — Page 6

BANKS

HONG KONG AND SHANGHAI - - BANKING CORPORATION

($50,000,000! Authorised Capital Issued and Fully Paid-up 20,000,000 Reserve Funds

Sterling 5,500,000

Silver

--- $0,000,000

Reserve Liability of Fro-

prietors

HEAD OFFICE HONG KONG.

DOLED OF DIRECTORS.

6 Dodwell. Enge

Chirrsen

C. Kaisha. Eng.

Deputy Chairman.

V. M. Greyburn Eng.

Chief Monserr

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1833.

HEAD OFFICE- LONDON

Bartok

Ipob

Karachi

Paid-up Capital

20,000,000

Reserve Fund...

$5,000,000 £$,000,000

Reserve Liabality of Pro-

vyrietors

£3,000,000

Agencies and Branches:

Sior Star

Dodo

Fangoon

Azscitane

Saigon Semarang ·

Fernban Ebanghai Kingapore

Douradate Thiping

Xanila

Domini Kaiphong

Bunke Herbs

Badan

*ongkah

Werk Fork

Paiping

(Paking)

Batons Bemb CaRatta

· Kasala

Cavapors Cedu

W. H. Bell, Esq. K. S. Morrison Esq, Canton

A. H. Compton Esq.

MT. Johnson, Esq. Calocado

Hon. Mr. J. J. Paterson,

G. Miskin, Esq. L. E. Pearce, Estabr

AMOT

BANGKOK KAJANGAS BOXHLY

CALCUTTA

CANTOS

CHEFDO COLOMEO DAIKEN

FOOD HOW

HANNONG HANDURG HANKOW

HARRY

HOXXEW

10:10

ТРОН

JOHORE

XOBE

201200

BRANCHES

LONDON LTOKS

MALACCA

MANILA

NTAR Liodney)

MUNDEN

NEW YORK

PELPING

ZENANG

BANGOOX

SAIGON

SAN FRANCISCO

KEALA LUMPUR

SHANGHAT

SINGAPORE

SOURABATA SUNGE PATANI

TENSK

ΤΑΚΤΟ

SINGTAO

YOKOHAMA

Oermot Arreants opened in Local Currency and Find Depraite werived for one year or shorter pride in Loral Company and Surling asm which will be quoted on application

Hong Kong 6th April, 1935.

HONG KONG SAVINGS BANK

The Bunder of the abome Bani is conduct ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Buien my be coot application

KONG AND SHANGHAI FOR THE BANKING OSEPORATION

V. M. GRAYBTEN,

Chief Manager.

Lampar Kuching

Pruang

(Baker)

Twingtao Tokohama. Zamboanga Foreign Exchange and General Banking besin Current Accounts opened and Fixed Deport reserved for one year or shorter perioda atates which' w22 be quoted on application. -

A. BREARLEY,

Manager Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LTD.

T

Established 1912. Head Office: Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources.

ommerce and

Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

a

The local dollar dropped farthing. opening on demand this morning at 2/1

Both spot and forward silver de- clined to 30-5/16 and 30%, res- pectively."

The London on New York cross- rate was quoted at £-U.S.$4961⁄4, as compared with S-US$495, while the New York on Lon)

quoted at don cross-rate

- US$4.96%, as compared with

US$4.95%.

WAS

EXCHANGES

TO-DAY'S QUOTATION

On London

On Japan

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

Foreign Exchange and Banking business of every description wans- acted

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 Managér

On India

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banish- H.K. Rank $1015 b. $1015,1050

HLA Bank (London) £112 n. Chartered Bank £15% n. Mercantile Bank A. and B

$3134-22

Mercantile Bank C. 53% 1 Bank of East-Asia $7621⁄2 ¤ -Insurances

Canton Ins. $208 1. Union Ins $570 bj $375 sa- China Underwriters 40 cts. 3- China Fire Ins. $382 n. EX Fire Ins. $200 x. International Assee. $4 n.

Shipping

Douglases $36 n.

HK Steamboats $4 n. Indo-Chines (Pref), $30 1. Indo-Chinas (Def.), $12 n.. Shell. (Bearer) $70/71⁄2 1. Umon Waterboats $13/n.

Mining

On TT and demand

2/1

"4 months' sight

2/18

$11,000,000

8,555,00 32170,492

Credits 4 months' sight 2/233

On Shanghai--

On demand

192

Antamaks 20 cts. 2.

Balatoes $18 1.

On demand

8934

Baguio Gald 23. chs. I

On demand

Benguet Consolidated 12

cts.

173

The

On TT. and demand

137

Benguet Exploration 10 cts. The Benguet Goldfeld 10 cts n

On New York-

Big Wedre 8 cts. n.

On demand

51%

Gold Creek 30 cts. a.

Credits 60 days" sight

53

Gold River 5 eta, a

On Batavia-

Ipo Mining 90 ets. n.

On demand

754

Itogons 36 cts. II.

On Paris-

Salacots 12 cts. z..

On demand

780

Kailan Mining Ad-14/6 m

Credits 4 months" sight

8:25

Langkats (Single) Sh..$14 2.

To Safeguard Your Valuables. and Jewelleries.

On Saigon

On demand

S'hai Exploration Sh. $4% 2.

S'hai Loans Sh $54 2

On Manila

Astoried Capital

$20,000,000.00 |

Paid-up Capital

On demand

10374

Ver, Goldfield $2.30

On demand

39

Sovereigns bank buying rate 2/17%

30 3/16

дот.

nom

.par.

3214

3% pa

dis.

par.

Hong Kong 2th Febrer, 105.

THE BANK OF EAST ASIA, LTD.

Ersect and Ladición! Profit$2,480,000.00

20. Das Taus on ntial.

HEAD OFFICE --HONG KONG.;

»

BOARD OF DEILE: "TORS 16

Sir Shou-won Chou, China.

SAFETY FIRST!

Deposit them in a Vault

that is really.

FIRE-PROOF

BURGLAR-PROOF

DAMP - PROOF!

OUR SAFE DEPOSIT VAULT

Li Leon. Chez. Ease F. I have Eng. Tas located on the Mezzanine Floor

Tu Tong Bag Chun Chung Smk Exq.. Li Lan Our New building is Specially Con-

On Bangkok--

Bar silver per oz. Bar silver in Hong Kong

Salt. Eeq., Wong Chu da, eg, and Kan Yinstructed to provide all of these, Im-Copper cash

Pa. Eng.

Bantin

End Tone To. Esq. Chief Manager.

Li Zhe Ford. For leg

BRANCHES AND AGENCIES :-

Smi

Copper cents. portant Qualities.

You may

obtain a Safe Deposit Rate of native interest Box in this most up-to-date Vault for Chinese Sub Coin Jour own use at a very moderate Ben-Hong Kong sub, coin

Inspection Cordially Invited.

& SAVINGS BANK, LTD.

Aurore

Startu Setuntma

2/1

Bombay Calcatta Cantw

Kagiti

Shangbai

New York

Singapore

THE NATIONAL COMMERCIAL

Soutranya

Heptanc

Paris

Seato

Taiping

Madur

Horoitziu

Tramad

Kobe Kowloon Loudon

Rangnon

Tokyo

ton Francisco

Toster Τελεσίματος

Fabou

Trestinin

Every description of Banking and Exchang

Corner of Ice Horse Street and Des Voeux Road, Central

THE

NEW YORK STOCK

EXCHANGE

Latest Quotations

July, 12

bonismen transacted. Loans granted on approved AMERICAN EXPRESS COMPANY, The following quotations were re-

WELTİLLER

Current Accorte opened in "Local Camrency and Fixed Deposite received for onM · MARY shorter perioda iz Local and Foreign Currencies ,00. sérinn which will be quoted on applicetud

Safe Depot Been To Let

KAY TONG PO."

INC.

Head Office:-65, Broadway, New York

Caiet Kasarme..

Capital

Surplus

Reserves

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Head Office...Shanghai

Capital $7,500,000.00.

Ecserve

Branches

Forei

Bonide aguacted.

$1,500,000.00

-U.S.$6,000,000.00- 2,183,633.06 870.231.05

BRANCHES:----

IsTatia Hamburg Howe

Amsterdam Antwerp Jame

Groe

Glo

B

Davie

Bumbay

Everwa

Firower is Cairo

London

Calcula

Banking

Та

Colombo

..All Important Cities

in China

Exchange and

Gederal

Current: and Sewing Amoutte operand and Pizond Depozitu muited for our year or shorter produ

si vates which will be grated on application

SOG 2. CHAM,

* HONG KONG BRANCH:

th. Die Famit Bond, Corral

Manent's Offic«

Foreign Exchange Dept.

General Offer

Canbier's Office

Manag

Tel Fr

-7360

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Copenhagen Dublin Edishevel Furrace Genera

Heidrilers Tournie

Liverpool

Lugano

Marseilles Monte Carlo Manila

Kasich Montreux

of

"

Sapire

Pracu Pars Paiping Perno Locherdara

Shanghai Somaybem

SingADOWS Tiradaim Taormina Tunne Venice Tokohama Zawich

C. Wheat

22.49

Raubs $5 sa.

Docks, etc.

On the occasion of the International Riding Tournament at Aachen, the German team took the "Hindenbury Cup" back from Italy to Germany. From left to right are Kittmeister Freiherr Ton. Nagel, Hauptmann Schunke, Rittmeister Hesse, Hauptmann Gross- kreat

NEW ADVERTISEMENTS

PUBLIC AUCTION

THE Undersigned have received-

Lambert, Esq. to sell by Public Anction on-

Tamsusactions from G. D.

Friday, the 19th July, 1935 commencing st.10.30 am.

at Na S. Gascoigne Road, Kow

loon

A Quantity of VALUABLE HOUSEHOLD

·FURNITURE

On view from Thursday, [18th July, 1935.

the

Terms: Cash on Delivery

JAMMERT BROS,

Auctioneers.

Hong Kong, 16th July, 1935.

IMPORTANCE

GOLD CLAUSE IN AMERICA OF ADVERTISING

GOVERNMENT CREDIT AND

PROPOSED BILL

Washington. To-day-

IN DEPRESSION

(Continued from Page 9.) Money Thrown Away "You have met this morning

218

Defending the proposed bill for blocking damage suits members of this firm who arising out of the abrogation of the gold clause. Mr. Herry A. each in their own line experts in Morgenthan, Secretary of the Treasury, sent a letter to Sena-carrying out the purpose for tor Duncan U. Fletcher, chairman of the Senate Banking which the A.P.B. exists. Committee, stating that he could not see how the proposed bill-You will, we feel sure, realise could have any noticeable effect on the Government's credit, or that no one import ärm with the prices of Government bonds.

He said that there had been'nof. weakness in the Government bond

their comparatively small volume of imports could possibly carry their own staff of experts to look after their advertising — and yet

market since the proposed bill, and NEW YORK STOCK without that expert knowledge of

moreover, there was no implication

of intent not to pay the principal and interest of Government bonds in fall-Beuter.

PAPER-MAKING IN KWANGTUNG

H.K. and Wharves (new) Factory Approaching

5742 The

HK and K Wharves (old).

$772

HK. and W. Docks $61⁄21⁄2 2. Providents (old) 85 cts: n Providents (new). 20 cts. n. Hong Kew Sh. $240 n. New Engineering Sh. $4 m. S'hai Docks Sh. $80 n.

Cotton Mill's

Ewo Cottons Sh. $7 - Shanghai Cotton

$65 n.

(old)

Shanghai Cotton (new) 340 Zoong Sings Sh. $81⁄2

Wing On Textiles, Sh.$28 n. Lands, Hotels, etc.

HK and S. Hotels $4 - HE. Lands $34 n.

Completion

·EXPECTED TO START WORK EARLY NEXT YEAR

MARKET

Market Again Irregular

CURRENT. BUSINESS GIVES NO INCENTIVE

where and how to sell, money thrown spent on: advertising is (away.

Host of you present here tom day probably read a speech at a local company's meeting very re cently, presided over by one of the leaders in, business of Hong recall these - re- Kong. May, 1. marks on this occasion: The

a their market report Messrs. Colony is getting it in the neck She SE Levy and Company, corres from almost every quarter. Dondents for Messrs. White Weld is too small to hit back and in and Company, New York, state: consequence her citizens and ber "Stocks: To-day's market was industries are passing through

With the again irregular

ex very critical times times in- ception rails, Dow Jones" deed in which I feel that we Canton, To-day averages were dota. The market should all stand together." Work on the building of the derived no incentive from exrent Helping General Recovery Provincial Paper Factory at Nan-business or political developments. shek-tow is fast proceeding. The Business done: 950,000 shares. whole plant is expected to be com Sh-pleted at the end of this year.

HK Lands 4% Debentures

100%

Shanghai Lands Sh. $201⁄2 n Metropolitan Lands Sh $10 1. Humphreys $34. 1.

ceived by Renter-

-

NY./Londos 496 NY. Cortan

Oct 311.65 NY. Rubber

Dec.

Last close 10.20 11.00

July 16.

4.964 £95%%%

11.69 11.71

12.61

12.60

84

75

Dec.

62

62:4

STOCKS

China Debentures $128 n

Pablic Utilities

Amer Smelting 43%

4974

Coz. Gas N.. *%

25%

Elec Bond &

8

8

362

30%

9%

Sept

Dec.

80

TIES.

C. Corn Sept. 74

Share

General Motors 36

Int Tel & Te! Loew's Inc Montgomery-

Ward

56

42%

42

29

NY Central

小

Standard 01

XJ.

484

48

261

48% 37%

Branches American Express Company in Principal cities of Uniteds. Steel States of America and Canada,

All dasses of Commercial Banking Transactions undertaken.

Personal handled.

investment

accounts

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

Head Office

Branches and

andria

Batavia

Berlim

abay

Canton

Dairer (Dany) Tengtsen (Makden) Hamburg Hankows

Nagasaki

Nagoya

New York Osaka

Paris

Rangoon Rio de Janeiro San Francisca

Seattle M

Department

E W. DUGGAN,

Manager"

THE WING ON BANK

LIMITED.

Head Office Hong Kong #6, Des Voeux Boad Central:27: Authorised Capital $10,000,000 LONDON BANKERS.. Westminster Band, Liik Forgion "Echange, and even cription, of banking boghness Ingvesn

urrent Accounts givi

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up. $5,000,000,

Beserves

$77,200,000 Capital Saving's Dept. $500,000. Beserve Savings. Dept. $600,000... Head-Office-Shanghai

A Bank having as ita zniesion the industrial development a China and the fostering of her Commercial relations abroada Hong Kong Office

7, Ice House St. Phone: 31453-2-3-

Is It Insured?

H.E. Realties $4 n. Chinese. Estates $88 Ex. div. China Realties

HK Tramways $1315 n. Peak Trams (old) $T. Peak Trams (new) $5% Star Ferries $76.b. Yaumati Ferries $17 m

C. Light $83⁄4 n HK. Electric $59 3. Macao Electrics $221⁄2 1 Sandakan Light $34 s. Telephones (old) $213% n Telephones (new) $8.30 n. China Buses Sh. 4114 Singapore Traction 10/6 b. Singapore Pref. 22/6 b.

Industrials

"To this quotation I would link one more from Sir John. Fy-" "Grains; Conditions remain un-bus speech already referred to: - "Those industries and those changed. The strength of cash

individuals who have adapted themselves to the

Part of the machinery ordered grains was a sustaining factor. in Sweden has arrived and the rest We believe that, until crop yields will probably arrive here at the are definitely known, purchases on Total advisable. end of next month. It is expected declines that operation will be started some sales: Wheat: 24:790,000 bushels.

Cora: 3410,000 bushels, time in January next.

are

"Cotton: There were some heavyj It has been decided that for wood will be used as raw material. The rains in the Eastern, Belt, which Reconstruction: Department has fare favourable, but will prove de

trimental if ther ordered various county govern mente to plant as many as possi-Trading was

ble of this kind of tree for future price-fixing in use Central Press.

continue.

some

new technie not que of salesmanship are: only establishing their own success on a firm basis, but are also helping along the road to general recovery.

"The public is learning to trast advertising and the pu- blic should know that adver- tising men are striving to de- serve that trust”

small with

nearby cotton.

"In conclusion, gentlemen, we Liverpool was reported to be sell-

would like you to carry away the ing distant months.

"Commodities: We reiterate the thought that we are here to co- COMMODITY PRICES recent bullish news regarding rub operate with every firm in Hong

ber, cocoa and copper.

The following quotations have been received by Reuter.

Prev. Yesterday Closing Closing

11.99 .. 12.03 11.70 1165

Kong or abroad who has goods "Flash: Steel Mill activity dur-to sell in South China or Malaya. ing the past week is estimated at We wish to co-operate and we 399 per cent. of capacity, against hope that you on your side, will 35.3 per cent, the previous week allow us to do so. We feel shre from-our past experience, where' Latest Quotations

we have worked in close co-oper The following quotations werelation with manufacturers abroad received by Renter:-

and their local agents, that we Pre. To-day's can fill a very definite niche in

close close

the organisation of importers 495 here and if these past experien-. 196 1165 1170 fces are anything to go, by, we are 1227

sure that this co-operation will result in increased sales for your imports."

25%

Montreal Silver D. 70.00 69.25

New York Cotton:—~: July

October

December

11.64

11.67

January (1936)- 11631

11.65

March

11.64.

11.63

NYLondon

May

11.69

11.71

Cross-Base

*Spot

12.35

12.40

NY Cotton Oct

NY. Rubber Sept

New York Rubber:-" July

Chicago Wheat Sen S01

1218

12:28

Chiengo Corn Sept. 74%

September December

12.272

12:28

12.49

12.59

Silver Oficial

12.57

12.64

W

March

12.69

12.83

120 Baits

Cald: Marg, (Prefs), Sh. $13 n. Chicago Wheat: Canton Ices $180 D.

120 Titildies

Cements $5% B

July September |December

179%

82

96:58.

80%

827/8

Commodity

8234 84%

Inder

55.07.

Corn

$16.10 July

82 7475

82% 75%%

Malabon Sugar $81⁄2 1-

Cald: Macg (Ord), Sh. $191⁄2 January

ILK Ropes

Stores, etc

Dairy Farms $15.80

Watson 23% 1

Lane, Crawford $3 n.

Mackintosh $2

Sinceres 35.80

Wm. Powells, 70 cia n.

Wing On (HK) $70 —

Miscellaneous:

My

HK Aninsements $1.35 FLE Entertainments $4

S. C. Euterprises, $185 m

Macao Gr Construct

802

80%

Dow Jones Averages

Industrials 121.88 121.72 16 of RAW RUBBER PRICES

40 Bords

of

Business Done:-350,000, saares.

Latest Quotations From Singapore

Vessrs. H. 3. Joseph & Co. have received the following Straits

FARMERS BANKS IN Crency quotations from Singa

SOUTH WEST

No.3 No. 1 No. 3 Widespread Schemes

Con Cons

-2.36m 235¤

ZAT 224 2.20÷2105

+212

Now In Hand

pore for Raw Rubber

Spot 20 Ups by 204 July-September 20 Up

204&

October-December 2158 Up

January-Maret (1936) 22 Up