1935-07-20 — Page 6

BANKS

HONG KONG AND SHANGHAI *BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

20,000,000 Incorporated by Royal Charter, 1835.

Authorised Capital ... $50,000,000! Issued and Fully Paid-up Reserve Funds-m

Sterling .: f_6,500,000 Silver 10,000.000 Reserve Liability of Pro-

prietors

HEAD OFFICE HÓNG KONG,

BOARD OF DIRECTORS,

B. Dodanik Engja

Chmarthen

GC Inight Dage

HEAD OFFICE: LONDON

الاهلي

Paid-up Capital

20,000,000

Reserve Fund

Reserve Liability of Pro-

prietors

£5,000,000 £3,000,000

50,000,000!

Agencies and Branches:

Alor Star

Bails Ipoh

Bangoon

Being bok

Kanchi

Semarang

Serena bez

Kobe

Shnachai

Lampar

Cawapre

Esching

A, HL Compton Esq..

Cebu

Manila

Tienta

Medan

Tongkah

Ser Tork.

Priping

(Peking)

Deputy Chairman,

No Grayburn, Faq.

Chief Manager.

Bemba Calverta

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

M. T. Johnson, Esq.! Colombe Hon. Mr. J. J. Paterson,

Delhi

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

AMOT

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

DAIRES

POCHOW

HATHONG

HAMBURG HANKOW

HARIN HONGNEW

ГРОК

JOHORE

KORE KOWLOON

BRANCHES

LONDON

LYONS

MALACCA

MANILA

X Fabory)

NUXDES

NEW YORI

PEIPING

*EXANG

RANGOOX

SAXON

SAN FRANCISCO

KUALA LUMPUR

SITANGPLAT

SINGAPORE

SOURABAYA

SUNGTI PATANZ TUENTSEN

ייד

TSINGTAO YOKOHAMA

CANDUMia wement its Incal Currency and Xized The point for one wat e shorter percate in Teal Carney and Sterling aying Damperia which will be quint on appilation.

Hoa Hoar, 6th April, 1935.

·Hanko

Rathin

Hose Koor

Panent

Nagapore NUTAWAN.

Sourabaya

(Howker)

Tangtan

Tokodems

· Zaboangs

THE CHINA MAIL, SATURDAY, JULY 24, 1935

Commerce and

Finance

NEW YORK STOCK

MARKET

Lop-Sided Business

Picture

POOR ACTION OF OIL ISSUES

In their market report. Messrs.

EXCHANGES

TO-DAY'S QUOTATION

On London

On T.T. and demand

4 months' sight

Credits 4 months' sight

S E Lery and Company. cerres-On Singapore pondents for Messrs. White Weld

On Shanghai..

On demand

On demand

and Company, New York, state-On Japan-

On demand

"Stocks: Stocks were lower to-On India...

On TT. and demand Foreign Exchange and General Banking traines day. The poor action of oil issues Curs vocounts opened and Fard Deportests to the lop-sided business On New York-

On demand received for one year or shorter periods at mis picture. The building up of some which will, be ground on application.

Credits 60 days” sight cash in trading accounts is advis A. BREARLEY,

Business done: 1150,000|On Batavia-

On demand On Paris

Manager. thle Hong Kong, 1st January, 1935.

shares.

"Wheat: 'Messrs. J. E. Bennett

THE BANK OF CANTON, LTD. }& Company have received some

Extablished 1912-- Head Offices-Hong Kong.

Authorised Capital

serious rust damage reports from parts of Canada. An expert of the Noris Grain Company expects ex- tensive black rust damage in the $11,000,000 North-West which will sharply re- Paid-up Capital

5,655,00 Total Resources

32170 292 duce yielded prospects. We would further setbacks. Branches: Carton, Taishan, Shangha buy wheat on Hankow, Bangkok & San Francisco. Field prospects of oats and corn London Bankers: Lloyds Bank, Lid. Jare good. Total sales: Wheat: Foreign Exchange and Banking 32799,000 bushels. Corn: 4,560,- business of every description trans 000 basheis.

HONG KONG SAVINGS BANK facted

The Surice of the show Fuck in conduct

ze the BUNG KONG AND SHANGHAI, BANKING CORPORATION Eair may be stare un 4,mlarations

FOR THE BƏNG KONG AND SHANGH BANKING OVERPOOBLAT JON,

V. X. CETEORN,

Churt Nasages.

•Hong Kong Tu primary, 1905.

THE BANK OF EAST ASIA, LTD.

Emmerse and Unda 145 $2.48001,00

Authorised Capita

$16,000,000,00

Райнер Сергей

- SWIM REIS, 43

HEAP CPFICE, HONG KONG

10. Dee Toms Hotel.

BOARD OF TURKS AN

On demand

Credits 4 months" sight On Saigon

On demand On Manila-

On demand On Bangkok-

SHARE MARKET

Messrs. Harriman's

Weekly Report

Messrs. G. A. Harriman and Ca's "weekly share report and market review issued at moon on Saturday states

JAPANESE MINISTER

TO CANADA

New Diplomat Takes Up Duties

DISTINGUISHED CAREER

Ottawa.

CHURCHES

FIRST CHURCH OF CHRIST, SCIENTIST

(Branch of The Mother Church, The First Church of Christ Scientist, in Boston, Mass USA]

Macdonnell Road, Below Bowen Road Tram Station. Sunday Service 11:15 am. Subject: LEVER

The market continued very quiet during the week under re- The Hon. Sotomatsu Kato, view and rates in many instances newly appointed Japanese

aled easier with business on 2

Minister to Canada, has arrived Investment is here and has already made him- 21 restricted scale. 2/134 saes eased off slightly with Hons self a host of friends. Accom

The Sunday school is held on 2/214 Kong Lands on offer at $2panied by Madame Kato. he

and Hong Kong Trams at $275 travelled here via New York Sunday Morning at 10 o'clock 13 at the close. Hong Kong Elec from London, where he was Wednesday Evening Meeting at 6 trics suffered a set-back and fell Counsellor at the Japanese pm. Reading Boom at above ad-

selling rate of $55 Legation

dress open Tuesday and Friday, 904 way to a

Star Ferries remained unchang- Mr. Kato succeeds the Hon I-10 am to noon. Monday and led with buyers at $76. Tele M. Tokugawa, now Japanese Thursday, 5.30 to 7 pm "[phones (eld) maintained their Ambassador to Turkey, who was Public is cordially invited to at- frumneas with enquiries at 1-the dean of diplomats 3 tend the service and visit the

at Ottawa and was tremendously Reading Room Dairy Farms changed hands the slightly reduced rate of $15 popular with all sections of the 80 Minor issues were again community. easier. Hotels were on offer at

17824

13914

52

54%

76

Mr. Kato is not unfamiliar $3.85 and Cements at $4. China with Canada, as he visited here He ex- Lights changed hands in small about 20 years ago scrips at $8.50 with further buy pressed himself much impress- gers at this figure. Sterling coun- ed by the great changes that place in ters were rather quiet, but there have since taken were some enquiries for Hong Canada. Kong Banks at around $1020.)

Official Welcome The market closes dull in all On his arrival in Ottawa, Mr. 10434 sections.

Kato was welcomed by repre- the Governor-

#485

ROM

On demand

$831 Sovereigns bank buying rate 2/211⁄2 Bar silver per oz... 30-3/16] Bar silver in Hong Kong Copper cash Copper cents Current Accounts opened and Fixed "Cotton: Weather conditions are Rate of native interest Deposits received for one year or favourable, with the exception of Chinese Sub Coin shorter periods at rates which will be continued rains in the Eastern Hong Kong sab. coin quoted on application.

Safe Deposit Boxes (various sizes) Belt, which

are: unfavourable. Hor hire

Near positions are tight here and Lin hiverpool amxing to huge Gov-1

erament am

LOOK POONG SHAN

Chief Manager

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vank

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

OUR SAFE DEPOSIT VAULT

transfer of

months. In spite of

junctions regarding

distant merous in- Processing

MIOMA

par.

35% Pai 3214% dis

par.

COMMODITY PRICES

The following quotations have Taxes, many authorities feel that been received by Reuter.

some Government loan on the new- erop is probable.

Li Hoon, Chen. Eh P. R. Rok. Eng., Work located on the Mermanine Floor of sociation estimates carloadings at January (1936) 11.54

FA Li Lan Our New building is Specially Con-

TED TIME. Eng. Chan Chan

SARE. Ding.. Dong Can Now

Po, Bry

and has Ystructed to provide all of these Im-566.000 cars. a decrease of 38.000 March

Ran To Po. Each manget.

Li The Pop Equ

BRANCHES AND AGENCI

A mov

INCREA

Caley Canton Hapies.c HAZION Honolu

Masal

Sataki

New York

Fr Tips

T

Bole

Kowloon

Leades

the Francine

✓

TUNK

Scholattva

Surus Acoustite stamane?

*

portant Qualities.

cars from the corresponding period May You may obtain a Safe Deposit of last year.” Fox in this most up-to-date Vault forj your own use at a very moderate Ren- tall

Inspection Cordially Izvised.

THE NATIONAL COMMERCIAL

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

Latest Quotations

The following quotations were December received by Renter-

NY./London

The

-

CANADA'S WATER POWER

Vast Resources In Dominion

INCREASES. PENDING

Ensiness during the week has sentatives of been done at the following prices: General, the Dominion Govern-

Ottawa. HK Banks $1010/1030.

ment, the Prime Minister and At the beginning of 1935 a members of the permanent staff

little more than 17% per cent.

Unions $375-----

Ranbs $6.-

Yaumati Ferries $17.60. Dairy Farms $15.80. HK Hotels $3.50. HR Trams $15.-** Telephones (old) $21%. Benguio Gold 22 cents. HK. Electrics $58- “United Faracakes 34 tant

Lane. Crawfords $24. Humphreys $8.20. Constructions (new) $0.35. Antamoks $0.50/71 cts. Berguet Explorations 12 cents.

of the Japanese Legation andi of the present recorded water

their wives.

power resources of Canada had The new Minister has had a

(been developed. The surveyed long and distinguished career in

of the the Japanese diplomatic service, water power resources

Dominion will ultimately per- having held appointments in China, Italy. Brazil Romania, it of a turbine installation, of

about 43.700,000 horse-power. the United States and Great!

By far the greater part of the Britain. He was well acquaint!

development of power to date" and ed with his predecessor

has been for central electric conferred with him in London

stations engaged in the sale of when Mr. Tokugawa

electricity to meet the general. en route from Ottawa to his new industrial, commercial. munici

post in Turkey-Reuter.

Was

H. K Stock Exchange Weekly NORTHERMOST OIL Report issue at 3. 15 pm. Friday, 19th July.

There was not much activity in the market during the week -un- der review, fluctuations being generally confined within narrow limits and the amount of business done being of modest dimensions BUSINESS DONE DURING THE WEEK

Hong Kong Banks $1015, $1030, $1020, $1025, $1030, $1032. Union Insurances $375. China Underwriters 10. cts. Hotels $3.80.

Tramways $12.

Prev. Yesterday Closing Closing

"Flash: Brokers Loans during New York Cotton:- the past week totalled $900,000,000. July against $885,000,000 the previous October. week. The American Railway As December

11.98

11.65

11.93 11.60

11.50

11.48

Spot

1142 11.53

11.42 11.57 11.42 12.35 12.30

New York Rabber:- : July September

126

12.18a

12.39

11.950 12.07a 12.2

January

12.46

12.35

March

12.58

12.50

close.

Prey. To-day's Chicago Wheat:-

cloke

July

83

$4

495 | September

3424

$43%

N.Y. Cotton Oct

11.65

11.60

December

35%

85%

Maumati Ferries $17.60.", Telephones (Old) $2124.

12.072

INC.

Head Offer:-65, Broadway, New York

Chicago Wheat Sept. 8474 Chicago Corn Sept 75% Montreal Silver Dec. 69.50 Silver Oficial ..... 67.

Chicago Corn:-

84%

734

July

83%

837/4

69.00

September

7514

753%

Dairy Farms $16, $15.80. Raubs $6, $7, $745. Antamoks 71 cts.

67%

December

64%

647%

Chief Haange

Dow Jones Averages

Winnipeg Wheat:

Capital Surplus

„US$6,000,000.00

July August

80%

2012

Reserves

BRANCHES--

8032 No.1 No.3 No.1 No.3 Con Con. Con Con New York Sugar:—

An op

Clangor

Abron

The Bagon

Napi

Asu

In t Bering Pembay immed.

Cairo Calcutta

11.mber

Tircut Paris

Index 53.81 53.76 .05 of Business Done:-1,150,000 shares.

July

Sept.

Dec.

Pripiog Patemo

Banking

in

THE

Cross Rate

Eany drips of Banking and Ex-bangs cem stat tant mis apfisad

escurtin.

Local Crayons! and Fred Mugarita memairead from store Timber rop aborer pusi Turut ment Foreign Curren oo Ter which the present in appl

Salle Duponie Zozen To Lupe

BAS TORG 20.

AMERICAN EXPRESS COMPANY, Rubber Sept. 12783

THE CHINA & SOUTH SEA RANK,

LIMITED

(Incorporated in China)

Head Office Shanghai

All Important Cities:

Capit

Best Te Branches

$7.500.000.00 -$1,500,000.00

in China

Porr

Earlenge.

Jad

Свет

Za

14

Bunicom

tomar Teda

Cameramand Sexing Accounts uporá má find

Deposite meatud tee, anu pere de shorter periods.

a will be posted on application.

Sut Z CHANG.

HONG KONG BRANCHE

24. The mix Enad, Central.

Manager's · Comics

Foreign Exchunge Dept

Coinmobo. Ingest gas- Thebin Edinburgh Flavine

General Geor

Cantor's 1957-300

GADE

Tri G 33566

235/70

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

2,183,533.06-30 Industrials 12341 122.33 1.08 on

870,781.05

20 Kails

33.64 333 .09 of 20-Utilities 20.01 210 11 off 40 Bords ... 92.04 97.08 .04 up 11 Commodity

11 It Interlaken Jaunamen

Liverpost

Potteriace Konse

لصداع مدريد

Southampton Singapore Tirbinia

Jul 20

Luzor

Taormina

Marmeline

Узелда

-Monte Carlo

Manila

Yokohama Zarich

Mueb

IMLEMIX

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

All classes of Commercial Banking Transactions undertaken.

Personal handled.

investment

THE MERCANTILE BANK OF INDIA, LTD.

+

HEAD OFFICE

15, Gesenchurch Street, London, E.CA.

Authorised Capital

Subscribed Capital

Paid-up Capital

$05%

2.230 2.19n 2.25n 2.23n 2.27 222 223 225 2.18 231 216 233 Jan. 1936 2.08.194 230 1.96 Mar.

1.96 1.95 New York Silk:-- July September

1.38

December

1.37% 1.38

1374 1.28 1.38

£3,000,000 1,500,000 1,050,000

Montreal Silver:-- July

September December January

68.25 68.60 67.711

6751t

69.50 69.00-

69.80

Lind

Kew York Penang Fort Loud

(Martin) Rangoon

Reserve Fund & Rest .. 1,247,432

BANKERS:

The Bank Boland & Midland Bank,

BRANCHES:

accords/Calcutta

..Ipoh. -Kandy

Bangkok Barabey

*Karachi Colombe

"Ene Ber Kuhn Lupin Galle

Kasia Lampor Shanghai The Company oders to intending Hong Kong Ensetas (Takang) Sürelm Travellers the use of its "Travellers Bowh

Suppor Cheques" and Letters of Credit and,

ཞ་་

BONG LONG BRANCH

in tractade

· Inerallers Changes Santed.

Capital (full paid-up) Yen 100,000,000 in addition, the world-wide services Every description at ang d Exchange Reserve Fund Yen. 125,800,000 of its thoroughly equipped Travel

Department, Head Office:-YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Bombay-

Calentis

Canton

Kagasaki

Nagoya

New York

Osaka

Paris

Peiping+

Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Hsinking

Kobe London

Los

Angeles

Maula

Moji

San Francisco

Seattle Semarang Shanghai Singapore Sourabaya Sydney Tientsin

Tsingtau

ngkow

interest, allowed «for Conventi

received

tes to be obtine

Trustee and Exnentorships under- taken.

E W. DUGGAN.

Manager.

TALIREST allowed on. Current Accounts and Fized “Deposita mi Zales that may be sucermined)

applestion

R. KEXNEDT

17, Quren's Ecut Central.

THE WING ON BANK Hong, 1st April, 1935.

LIMITED.

Head Office: Hong Kong: 26. Des Vaze Road, Central. Authorised Capital, $10,000,000- LONDON BANKEES:- Westminster Band, Lid.” Foreign Exchange and every des cription

transact- ription of banking, business tra

Current Accounts and Savings Ac- counts ope and - Fixed Deposits, re- ocived at rates which will be quoted) on, application. -Special; rates given for Special deposits steeship

Safe Deposit Bazes

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China) Capital paid ap

10,000.

Beserves "Capital Savings Dept.

10,000,

10.000:

Reservó “Savines Desta $600,000./

"A" Bank haring)

£he încastris

China, and the Ceommercial

Bengust Explorations 12 cts. CHANGES (315 pm) CLOSING QUOTATIONS BUYERS

Baubs ST10:

SALES

Hong Kong Banks $1030/1032. Underwriters -10 pts. Raubs $7.45. Antamoks 71 cts. Benguet Explorations 12 ets-

H.K. SHAREBROKERS' ASSOCIATION

Stock Report

The following report was issued!

FIELDS

To Be Opened In Canada

pal, agricultural and domestic Idemands of the public.

Impressive Figures

The total installations supply- ing power to central electric stations amount * 6.589.941 horse-power, or 87 1/3 per cent of the Dominion's total instal- lations. Pulp and paper mills have an aggregate installation Calgary. of 605,346 borse-power, or 8 per Plans have been completed cent of the total while instal- for the opening of the world's lations for such industries 'as most northerly oil field, located mining, electro-chemical plants, near Fort Norman on the Mac saw grist and grinding mills, kenzie Ever in the North-west machine shops, municipal pump- Territories of Canada.

ing plants and electric railways

of

Crude oil was discovered at totalled 351,748 horse-power. Fort Norman about 14 years! A point of great interest to lage, but two wells sunk at that consumers of power, is the low

time have been closed for some cost

hydro-electricity years

After de- Fuel oil is urgently throughout Canada needed by mining operators in ducting revenue received from the Great Bear Lake and other inter-station sales, the average mining fields of the north. On revenue per kilowatt hour re- account of the great distances ceived from the actual consumer to be traversed, the cost of oil is only 705 per cent. This low wide- if brought from outside sources cost has resulted in would be prohibitively high. spread distribution of hydro- Great Bear Lake jelectricity and a constantly in- Great Bear Lake, where creasing diversity of uses in Canada's already famous radium domestic, commercial and in- fields are localed, is 1,000 miles dustrial life.-Reuter. beyond the railway lines and

COW

2:

the only transportation facilities available are by water along WORLD'S CHAMPION Ithe rivers and lakes or by zero- plane. Fort Norman, however. is fortunately situated at the Imouth of the Great Bear River, where that river empties into the Mackenzie. Transporta-

tion of the oil from the wells tol- Great Bear Lake mines will be

Owned By Breeder

In Canada.

Toronto. Canada claims to possess the

69.05% by the Hong Kong Sharebrokersrelatively quite a simple matworld's champion milking cow..

NEW YORK STOCK EXCHANGE

Latest Quotations

July 20.

The following quotations were 76- csited by Renter-

Last: close

20220

1100 NY/London 495 495 494 XY. Cotton

Oct

1.65 1162 11.60 May

11.57 11.55 1152 NAY. Rubber

Dec.

Association yesterday afternoon.

Banks $1020 b.

Bank of East Asia $75 b. Douglases $35 b. Antamoks 69 cts. b. 71 cts. B.,

70/71 cts. 82.

Baguio Gold 22 ets. b, 23 cts, a Beng Explorations 12 ets. b.

& sa.

Big Wedge 94 cts. b.. Salacots 11 cts: b.

United Paracales 33 cts. b. Raubs $7 b

Vens-Goldfields $2.15 h. Lands $32 B

Humphreys $8,10 h. H. K. Docks $614 b. Trams $12.60 b

Lights $871⁄2 b Electries $57

12.33 -12,39

12.35

G. Wheat

84%

Thee

85%

C. Corn Sept. 75%

*75%

·64%-

64%

Ropes $1.60

$258

Amer Smelting Con Gas NT 252

Elec Bond &

Genera

Lotors

Loew's Ine

b

Telephones New $3.10 b Canton Ices $1.45 b.

Dairy Farms $15.70 b.. Constructions Old $10 b.. Gold Bonds 91% b Govt. Loan 4% 6% b Vibro Plin $23.

ter Reuter.

CAVIAR NEW STYLE

Manufactured From Salmon Roe

Vancouver.

She is a Jersey called "Bramp- ton of Basilua” and is owned by ja breeder at Brampton, near ¡here.

at

The cow has just completed her second year of record pro- ¡duction. Going on test

seven years of age,

she pro- Iduced 19,118.9 lbs. of milk con- taining 125082 lbs. of butter Cañada has found a new in-fat with an average test of 6.54 dustry, of which great hopes are per cent. in 365 days held, in the export of salmon ago she produced 19.012 Tbs. of roe as a type of caviar. This milk containing 1,313 lbs. of kind of caviar has been exploit butter fat said to be a world's ed in Bussia for many years but record for all breeds on a three- it is a comparatively new de times-a-day milking Reater. parture for Canada

Shipments were made to several countries during the past year, including a trial ship- ment of 50 tons to Japan.

Other Experiments. British Columbia hahbut packers are also experimenting in other directions They have been shipping considerable quantities of halibut livers to the British Isles to halibut oil similar

·liver

A year

Is It Insured?

General Agenda:

Hong Kong, 11th