1935-07-31 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

..*$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

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

Reserve Liability of Pro-

prietors

HEAD OFFICE HONG KONG,

DOARD OF DIRECTORS.

Reserve Funds:—

Sterling Silver

£6,500,000 $0,000,000

HEAD OFFICE: LONDON

| Paid-up Capital 20,000,000 Reserve Find

Reserve Liability of Pro-

prietors

£3,000,000 £3,000,000

$3,090,000

Arencies and Branches:

Alor Sta

Thaila

Bangoon

Ameitar

Saigon

Kamchi

Semaran

Bathr

- Servenban

·Bombay

Celovita Canton.

Xuals

Lumpar Iring

Janua

S. H. Dodwell Engi

Chairman.

CC Knight Ex

Deputy Charziah.

V. M. Graybars. Est.

Chief Managet.

Bangkok

W. H. Bell, Ex, K. S. Morrison E301 Campers A. H. Compton Esq.

Cuba:

Colenbo

Haiphong

MT. Johnson, B9G-Delhi Hon. Mr. J. J. Paterscap G. Miskin, Esq. I. E. Pearce, Ex Hambur

ΑΝΟΣ

BANGKOK

RAZATIA

ЗОМБАТ CALCCITA CANTON

CX5FOO

COLOMBO

BRANCHES

LONDON

STALACCA MANILA WEAR (Johore) -MUEDEN

NEW YORK PEPING

PEXANG

RANGOON

11

DAIREN POOCHOW BURIONG ZAMBERG HANKOW

RARE

BUNGKUS

ILOILO

TPOFF

JOKOBE

SHUM

KOWLOON

SAIGON

SAN FRANCISCO KUALA LUMP CE SHANGHAI SINGAPORE SOURABATA SUNGEI PATANI

TIENISEN TSINGTAO YOKOELAMA

Comped in Local Curma'r

and Fixed Tmpornite sourtved for one, pa? OF

Who 25 for Camory and Sterling

on

which may be print on application.

Hong Kong, 6th April, 1935.

·HONG KONG SAVINGS BANK

The Escof the above Dock is condner` ed by an 11-NG KONG AND SHANGHAI BANKING CORPORATION Buies way be obtamind on

F THE HONG KONG AND SHANGHAI BANKING CORPORATION.

* M. GRAYBUES,

Chief Manager.

Hong Kong. Firs, 39.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capan?

$10,000,008.00

Bewerte and Cediend 2,$80,000 NG

HEAD OFFICE-BONG KONG

git Do You Bo Val

BOL OF DIED TORS:

Shouton Chow, C

Kan Tong Po. Eng. Pune Jiazmeer Is I Font. Eng use.

Hankov

· Modna · New York Paiping

(Pelag)

Shanghai

Simexpor

Setiawan Surabaya Taips

ienten Jongkah

(Baker)

* Tringtas

Тейтанилца Zamboang

THE CHINA MAIL WEDNESDAY, JULY 31, 1935

Commerce and

Finance

LOCAL DOLLAR

STEADY

Silver Prices Firm

The local dollar remains steady demand this morn- opening on ing at 2/03

Silver prices were also steady. spot being 30-3/16, and forward 30%-

The London on New York cross-

rate was unchanged at -ULS |$496, 25: was the New Tork on London cross-rate at STAS.$4

Bong Long

Foreign Exchange and General Banking businere (961 Correal Accounts opened and Fixed Deponite- provised for one weer er sborsse periode si chime which will be quoted on application.

A. BREARLET,

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

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:Hong Kong."

NEW YORK STOCK

EXCHANGE

Latest Quotations

July 31 The following quotations were re- eived by Eexter:-

Last elove

Authorised Capital

$1,000,000

Paid-up Capital

Total Resources

-8,655,000 35.170,492

Branches: Canton, Toishan. Shanghai |

Hankow. Bangkok & San Francisco London Bankers: Lloyds Bank, Li,

YLfdən 496 4.96 NY. Cotton

Oct Mar

10.20 11.00

196

12.50 11.26 1.2.0

11.49

11.19

1125

Rubber

Dec.

19:20

12.2 12:28

Sept

92

Dec.

95

76%

Foreign Exchange and Banking C. Wheat business of every description trans- acted.

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

Safe Deposit Boxes (various sizes) for hire

LOOK POONG SHAN,

Chief Manageri

SAFETY FIRST!

$6

76

C. Corn Sept. T

Dec

STOCKS-

Amer Smeting 43% Con Gas. N.I. 2714 Elec Bond &

Share

9 General Motors 38%

1 Tel & Tel 104

394

I Loew's Ine. "

Montgomery

Ward

To Saferaard Your Valuables and Jewelleries. Deposit them in a Vaalt

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

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of

XX, Central Standard Q -

SJ

}}}}3fg*a

LOCAL SHARES

TO-DAY'S QUOTATIONS "The following is the list of local share quotations issued to-day:

Banks HLA Bank $1050 sa, cum čİV, HK Bank (London) 1106 b. ex

dir.

Chartered Bank £1334 1 Mercantile Bank A. and

$31 Mercantile Bank C. 131⁄2 Bank of East Asiz $761⁄2 m

Insurances

Canton Ins. $203 IL Union ins. $$70 1. China Underwriters 10 cts. China Fire Ins. $382.1. HK Fire Ins. $200 m... International Assce. 34 n..

Shipping

Douglases $36 1.- EK Steamboats $4 a Indo-Chines (Pref.), $30 n. Indo-Chinas (Def.), $12 m Shell. (Bearer) $78/14 n Union Waterboats $11.

Mining

Antamoks 71 cts.

Balatoes $18 a

Baguio Gold 22 cts. n. Benguet Consolidated $12. Benguet Exploration 12 ets D Benguet Goldfield 10 cts n

Big Wedge 8 cts. - Gold Creek 30 ets. n.

2634

Gold River ö ets. -

9%%

2234

Ipo Mining 90 cts. n.

Itogons 36 cts. n...

Salacots 12 cts. .

Kailan Mining Ad. 13/- n

Langkats (Single) Sh. $14 ...

20:32

S'hai Exploration Sh. $4 Bo S'hai Loans Sh. $54 n

46

46%

Raubs $1.60

4322

4

EXCHEQUER RETURNS

C.S. Steel·

to

London, to-day-The Exchequer Li Enon Chop, Faq wok. Esq. Wong Our New building is Specially Con-returns show that ordinary re to date, excluding self- Tus on. Eng. Cha Chive Sek. Eng. Li Lestructed to provide all of these Invenue

And Sisa Tips!

items, audounts balancing portant Qualities. Soop Eng. Wong Chu Son, Eng Yo, Ing

may obtain a Safe Deposit Box in this most up-to-date Vault for $179,988,133, as compared with your own use at a very moderate Ren 5180,393,847 at the corresponding The total or- date of last year. L

self-balancing items, is $238,638,- 500, zs agafust £231,899,394 at the corresponding date of 1934.---Bri- tish Wireless Service..

BRANCHES AND AGENCIE

Shanghai Sisgepor Sporazaya

Batavia

Bombay

Hamil

No

S

Calcutte

New York

Packa

PATIE

Sydney

Taibaku

Junio Tokyo

Canton

Haiphong

Hankow

Bonciule Lobe-

Lavicon. Landoo

Pripin

Pastatas

Tanson

SAINIA

St Francing

Every decription of Basking and Exchange

Inspection Cordially Invited

THE NATIONAL COMMERCIAL diary expenditure, exclusive of

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

THE

busirum tracted. Zoats cedard AMERICAN EXPRESS COMPANY,

Comment Artoria opened in Local Currency and Fixed Deporte rested for one has de shorter periods in Loci and Tareiga Cuiwezesma on term which will be quoted on applicazigs

Bain Deposit Bozen To Le

KAY TONG PO.

THE CHINA & SOUTH SEA BANK,

LIMITED

INC.

Head Office: 65, Broadway, New York

.U.S.$6,000,000.00, 2,183,633.06 $70.731.05

THE MERCANTILE BANK OF

INDIA, LTD.

HEAD OFFICE:

15. Gracchurch Street, London. ECS.

Authorised Capital -**-$3,000,000 Subscribed Capital ... 1.800.000 Paid-up Capital... 1.050.000 Reserve Fund & Rest. 1,247,830 -- BANKERS. The Best of England & Vidland Berk, Intole BRANCHES:

New Lock Bouchon

Prosog Porn Jos

(Mauritian) Tangoon Shanghai

Chief KanagŠT.

Capital

Surplus Reserves

BRANCHES:--

Amsterdam Antwerp

Grecon

· Milan

Tooh Kande

XMA

Coleuca

Kai

* Hacon

Xable

Colorado

Kota Bhar

Fania Lipin

Hambors Hay Hriderg

Pacha

Guite

Piping

Bon

Prierma

Zorberdara

Sibenche Southampton

DON

(Izcorporated in China)

Head Office ...Shanghai

Capital

Reserve

Branches

Foreign Exchange

Benin 177@chedu

$7,500,000.00

$1,500,000:6O

All Important Cities

in China

And

General

Current Skring Artentia opened and Find Deposita poised for one gas or shorter periode |

at which will be gluted on application.

SOC Z CHANG,

THONG KONG BRANCH:

Manager.

34. Des Tom Boed, Central.

Kenner's Offer

Fees Exchar Dey

General Offer

Cashier's Office

$3349

Achete

Paris

Turiza

Hrobey

Berries

Zakumea

Cairo

Calcotia

Cannes Colorthe Cop-nagra Dubla Edinberh Forrare

Ji London Interpont

Luceme Lago Lutor Karmien

Moore Cache Konfia

nich Kott

Tota Inormina Vienna Terica

·Jokohama Zarizz

Delhi

15owenia

Kia LampUT

Fendi (Palang) Simlə Mudra

Singapore

HONG KONG BRANCH

Exery seription of "Banking and Enshange-

• Transacted.. Travellers Cheques 'ismesed.

Trustee and Executorships vinder-

zakten..

INTEREST aliound on Current Accomnia, and Fixed Deponite at Beige that may be ascertained of application.

B. KENNEDY.

Manga.

American Express-, Branches-of Company in Principal cities at United States of America and Canda,

All classes of Commercial Banking Transactions zindertaken.

THE YOKOHAMA SPECIE BANK Personal

LIMITED

Established 1880

Capita! (fall paid-rp) Yen. 100,000,000 Reserve Fund ..... Yen 125,800,000

Read Office:-YOKOHAMA Branches and Agencies at:

Alexandria

Batavia

Berlin Bombay Calcutta

Canton

*

Nagasaki

Nagoya

New York Osaka

Peiping Dairen (Dalny) Ranzoon Tengtien (Mukden) Rio de Janeiro

Francisco Sextuler

Shanghai

*Hankow

Hong Kong Hsinking

London

Los Angeles

allowed

Deposits recrired

ang

Singapore

at rates to be obtained

AME

Hong Kong Lith

handled

investment

accounts

The Company offers to intending Travellers the use of its "Travellers Cheques and Letters of Credit and,

addition, the world-wide services! iz of its thoroughly equipped Travel! Departinent

E. WADEGGAN,

Mamayer.

THE WING ON BANK

Head Ofice: Hong Kong 26. Des Foczer Road Central Authorised Capital $10,000,000- LONDON BANKERS: Westminster Band, Ltd. Foreign Exchange and every des--| cription of banking business transact and Savings Ac Carrent counts opened Fired Deposits "re: ceived states which will be quoted on appichon.

pication Special rates, given

for Special deposita

Ac Trusteeship and Trecutorship m

Safe Deposit Bates for

PEILIP COCKCEIN

TESHU-RONG :

Qomen's Road Centr Hong Kong, 24th July, 1935.

THE

SHANGHAI COMMERCIAL & - SAVINGS BANK LIMITED

(Incorporated in China)

$5,000,003,

Capital paid up

Reserves Capital Savings Dept. $500,000. Beserve Savings Dept. $500,000. Head-Office Shanghai A-Bank having as la mission the industrial development 2 China and the fostering of her commercial relations abroad. Hong Kong Office

Ice House Sta Phone 31481-2-3

Is It Insured?

LOWEST RATE: American Ar

Fel Inc.

General As

Venz; Goldfeld $2.30 ..

Docks, etc.

HK and K Wharves (old)

$76 bi

NEW YORK STOCK MARKET

Temporary Steel Set-back

OPPORTUNITY TO INCREASE COMMITMENTS

BERLIN STOCK -MARKET

Better Dutch News Fails To Aid BusinessTM

--CHINA MAIL" SPECIAL

|

POLISH TRADE DECREE

Goods Confiscated At Posen

NEGOTIATIONS WITH DANZIG EMPHATICALLY DENIED

Berlin, To-day. Though cables from London

~CHINA MAIL *' SPECIAL In their market repert Messrand Amsterdam show that the

Danzig, To-day. S. B. Levy and Company, corres Dutch crisis has been overcome,

The reports appearing in the pondents for Messrs. White Weld the share market here did not and Company, New York, state-respond yesterday, business be- Polish press, that a deputation "StocksThe report of the ing confined to limits and the from the Danzig Senate is about US Steel Corporation showing price trend erratic. Fixed interto arrive in Warsaw to negotiate that operations are still unpro-fest securities likewise were quiet, with the Polish Ministry of Stable, is hely to reduce enthus-but industrial debentures some Finance about the recent decree laxm towards steel shares for what improved. Call money was restricting the competence of the Danzig Customs houses, is If the rate of at 3% to 8%, being due to det the time being." operations continues to advance, mands for the monthly settle emphatically denied by the off- cial Press Bureau of the. Danzig however, any market set-back is menta-Trans-Ocean Service.

Senate-Trans Ocean Service. likely to be, only temporary and Ishould be considered an opper

REICHSMARK QUOTATIONS

CUSTOMS ACTION

A message from Warsaw states that a wagwonload of herrings Berlin, To-day. - Beichsmark imported from Danzig by a mer

tunity to increase commitments. Business done:-1,680.000 shares. "Wheat:-The action of the market in the face of ballich quotations (without guarantee) chant in Poznan, formerly Posen are: New York 40.33; Paris has been confiscated by Customs crop.news confirms the decided 9: Amsterdam, 59.5; and Lon-officials there because it had been The Paris sterling already cleared by the Danzig lack of speculative participation.

expected to work don, 12.52

quotation is 7497, and the dollar. Customs authorities instead of at Prices are higher until hedge-offerings en 15.13-Trans-Ocean Service.

the Polish Customs house.

Customs oficiala The Polish large-and we favour purchases at Total sales;

now demand that the importer the present level Wheat, 51,784,000 bushels***Corn,

par the diference between the | 8,728,000 bushels.

jduty paid in gulden and that pay jable on the goods in zloty. Vari- ous consignments imported" by from Danzig Poses merchants have been, corisated for same reason

"Cotton: The weather has been very favourable and the es- timates of the crop yield are in- creasing.

art

GERMAN TRADE WITH FRANCE

Existing Provisions To Be Maintained

➡CHINA MAIL" SPECIAL

Berlin, To-day-

the

These cases are the first effects

of the Polish Finance Minister's

"Rubber-We bear that the

manufacturers large tire again "increasing their produe- tion, while the uncertainties with regard to the Dutch currency are the existing trade agreement goods imported into Polar be keeping many buyers on the side between France and Germany,cleared at Polish Customs nee lines Conservative accumulation a communication has been reTrans-Ocean Service.

In view of the expiration of decree of July 18, requiring all

of stocks continues. Total sales ceived here from the French 182 lots.

Government to the effect that The following cables were re-from this date the minimum ceived last night.

jduty will be imposed on all Ger- Stocks: The earnings of Loews, man goods.

HK and K Wharves (new) Wheat:

$742 a

HK and W. Docks $61⁄2 Providents (old) 85 cts. Providents (new) 20 cta. n. -

Hong Kew Sh. $240 z. New Engineering Sh. $4 n Shanghai Docks Sh$78 n.

Cotton Mills

Ewo Cottons Sh. $7 - Shanghai Cotton, (old) Sh.

$65 2.

Shanghai Cotton (new) $40 Zoong Sings Sh. $81⁄2 1 Wing On Textiles Sh. $25

Lands, Botels, etc.

HK and S. Hotels $3.80 sa. HK. Lands $30 i

Ine are reported to be The German Government has that the not so good as had been accordingly ordered expected. It is also re tariffs provided by the existing remain in ported that there has trade agreement been some liquidation force on goods imported from of the shares by retir-France. Trans-Ocean Service.

the in directors of Company. J. E Bennett and Co.

COMMODITY PRICES

Prev. Yesterday Closing Closin

are of the opinion that The following quotations have it is advisable to par-been received by Beuter. chase wheat at the pre- sent level of prices. We.

"confidentially in New York Cotton:-- formed that the private October

estimates of all USA¡December

are

The following quotations were Spot received by Reater:-

NY./London

cross-rate

H.K. Lands 4% Debentures NY. Cotton Oct... 11.50

100%

Shanghai Lands Sh $2011⁄2 n. Metropolitan Lands Sh. $10

Humphreys $8.10 m

H.K. Bealties $4 n. Chinese Estates $88 n.

China Realties Sh.$4

China Debentures Sb.$123 n.

Public Utilities

HK

Tramways $12 $12/12-60 sa

Peak Trams (old) $73% = Peak Trams (new) 35 1. -Star Ferries $76 D

Yaumati Ferries $17.60 n C. Light $8.60 D. HK Electric $57 1. Macao Electrics $22 Sandakan Light $3 a. Telephones (old) $214, s. Telephones (new) $8.30 n. China Buses Sh. $111⁄2 n Singapore Traction 10/6 b Singapore Pref. 22/6 b

Industrials Malabon Sugar $81⁄21⁄2 në. Cald: Macg. (Ord), Sh. $194 Cald: Macg. (Pref); Sh. $13 n Canton Icex $1.80 2. Cements $44 8. HK Ropes $21.

Stores, etc. Dairy Farms $15.70 2. Watson $3.35 2. Lane, Crawford $3 n.. Mackintosh 3Z D Sinceres $470 n Wm. Powells 70 cis n Wing On (ELK.) $55.2

**MiscellanROUS

H K Amusements $1.85 n. Entertainments $4 X- -SC. Enterprises $1.35 në

Marzo "Greyhounds 2 Constructions" : (old) - $110 Constructions (new

50 ct Vibro Piling $46. Ch. Govt. 5% 1925 GEB

90% 1

HK Gost 4% TO 62%

76%

IL37 11.24

PROCESSING TAX VALIDITY

Sixteen Packers File Suits

Chicago, To-day. Sixteen packers, including the Co., Swift Co. and the Armour have filed suits attacking the va idity of the processing tax

On the other pork products.

and the Texas Agricultural As

sociation intends to file a suit to test the constitutionality of the protective tarifis, conceding the, movement of retaliation suits fied by manufacturers against the payment of the processing taxes, the Association contending that if forced to sell in the open wants also to buy market it therein-Renter.

COTTON, TOBACCO

AND ORANGES

Agricultural Plans In Kwangtung

11.50

11.48

·11.37 ·

wheat are expected to January (1936) · 11.35

show below 625,000,000 March

11.28

13:26

bales.

May

11.26

11.22

Latest Quotations

July

12.05

11.23 11.18 12.00

New York Rabber- Prev. To-day's September «lose Jose December

12.00%

12.01

12.20

1221

4.96% 4.96

January

12.268 12:29

1148

March

12.428 12.42

NY. Rubber Sept. 1200 Chicago Wheat Sept. 92% Chicago Corn Sept. .

1201

May

12.542

12.526

91%

Chicago Wheat:--

Montreal Silver Dec. 68.50 Silver Official

67 Dow Jones „Averages

Jaly.

92

90%

59.00 -6734

September

924%

-9134

December

93%

92%

May

.94%

35.25 2486 39 of

Chicago Com-

23.28 22.90 38 of

July ...

83

Reg

d

96198 96.85 43. of

September

77

76%

December

B

63%

ning

May

66%

65%

RAW RUBBER PRICES Act

Winnipeg Whest:- [July [---

857%

-8424

85%

847%

New York Sugart

Latest Quotations From

Singapore

Sept Dec.

30 Industrials 126.56 125.57 99 of 20 Rais

20 Utilities'.

40 Bonds

Index

11 Commodity

55:22 54.91 21 of Business Done:--1,680,000 shares.

Canton, To-day.

To supply the needs of the cot- ton wearing and knitting de- partment of the Provincial Spin- and Weaving Factory", which will start operations very soon, the Bureau is planning to jestablish a cotton-growing station

in Shinkwan for planting of cot-;. Iton of improved species. Techni No. 1 No.3 No. 1 No. Jeal men have been sent there to Con. Com. Con. Con make a thorough survey of lands. 2.32 229 2.32 228 Planting will commence as soon 248 230 2.42 2.30

as a suitable site is chosen.

The Bureau has also decided to establish a tobacco-growing sta- 2.15 tion in Hokshan and a California

Messrs. H. B. Joseph & Co. have Jam (1936) 216 208 2160 208 2.10 received the following Straits Cur-March rency quotations from Singapore May for Raw Rubber

1.44 1.43%

210

$15

New York SME-

Spot 19% up 4 by 19% s August September 1934 up 34

20.*.* October-December 203⁄4 up 3⁄4

¡September

$1.44

December

1.43

March

1.43

1.43

68.10

63.50)

68.800

20 2014 15.

b Montreal Silver:-

September January-March (1936) 21% 27 December 1 b. 21% Market: Fizzner.

Jammary March

German-Belgian Trade

Larem

in the will

68.05.

orange-growing station in Fa- hsien. Large quantities of both are at present imported every year--Central Press.

6305 BIG DEMAND FOR

· 69.00

69.10m

20.00

Payments Agreement

KWANGTUNG SILK Government Factory Expansions

Canton, to day.

In view of the growing demand for its sile products, the Kwang- tang Spinning and Weaving Fac

have

An agreement ther percentage will be set aside tory ordered 100 more sets of Germany, and the Belgian for the liquidation of other obliga machines abroad. It is learned

that 60 sets of the mas Customs Union con-tions

published In case the German exports to arrived and have. yesterday, Belgium should exceed 14,000,000 already. The remaining

30 probably arks per

Most of the pro wesving

the Am

wool

ment

epart