1935-08-06 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital ... $50,000.000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Tesmed and Fally Paid-up 20,000,000 Incorporated by Royal Charter, 1853. Reserve Funds

Siver

*** $0,000,000

HEAD OFFICE HONG KONG

-BOARD OF DIRECTORS, -

*HEAD OFFICE: LONDON Paid-up Capital

Agencies and Branches:

Sterling .-€4,500,000

Reserve Liability of Pro-

prietars

£3,000,000

20,000,000

Reserve Fund

£3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Um Star

Amaz

Toile Ipoh

Bangink

Karachi.

Saigo Bernatning

Batavia

Bombay

Sobe

Seremban Shanghai

Calcarts

Iris

Carvot

Kuching

Singapore Witzwas Nomenda zam

Madras

Jagung

·& I Dodwell Eag

Chairman,

C. C. Jnish Dog.

Deputy ChaTION DE

T. X Grayburt, In

Chief. Mapserr

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

Compton Esq.

M. T. Johnson, Esc, Colabo

A

Hes. Mr. J. J. Paterson,

Cabo

Daiki

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

LOXBO

BIEG HASHOW HARMIN HONGERY

JOHORE

ROFF

KOWLOON

BRANCHIS:-

LONDON

LYOXS

YALACCA

MANILA

XTAR -125bors)

MUKDEN

NEW YORK

PEIPONG

PENANG

RANGOUN

SAIGON

SAN FRANCISCO

ATALA LUMPER

SHANGHAI

KINGAPORE

SOUDARATA

SINGEI PATANI ~

TESTSIN

TOKYO

TSINGTAO

ΤΟΣΟΙΙΑ ΚΑ

Comes Amman medita Incal Currency and Find The gumita nomine for one was wore it in Lara! Curmger and Sterling on with which will be mound in application.

Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK.

The Bunion of the home Bank że ingreact

dhe the HUNG XONG AND SHANGHAI

BANKING CORPORATION, Bains may be olubed OR ALIVETION.

FOR THE NG KŨNG AND SHANGHA BANKING CORPORATION.

V. GRATECES,

Cruel Manager.

Beng Long, Primary, 12.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Tid-up Cape

$20,000,000,00 +c=w+#k€000;urG

BEAD OFFICE-HONG KONG

24, The Vous Bod Ver.

BOARD OF DIREC

Sir Show-on ("bow; "Chan WIND.

2 Exon Chun E, P. K. Kwok, Eso

Tan Tong. Ed., Chan Chius Mark

FREE Eng Thong Chu Son. Es and Ban

JD Tous Po., Ems- Cyr! Wanager.

Il The Fong. Eq.. LAST.

BRANCHES AND AGENCYES:-

Marcin

Fungiadie

TAPI, KAPALI

Shangba

apore

ADO

Zatarie

Bombay

Caston Kapbocc

Pakkin

Parieta

Pre

Part

Kin

Kowloo

-

Tekze

Lotden

ban 7rancisco

Hathaw Boscia

مواد

Swhois Tiratio

Vancouve Jokoham

Habkow

| Hachin

Madany

New Fork

Posing

(Prong) PROIDE

Ten Sain Tonsis

(Bruskok

Foreign Exchange and Geners! Backing bunder

transacted

Current Accoun opened and Fixed Deposite | recrived" for one your or shorter parinda at rates;

whichani), be quoted on application.

A BREARLEY,

Manager.

Hong Kong. 1st January, 1935.

THE BANK OF CANTON, LTD.-

Established 1912.

Head Office:-Hong Kong.

Authorised Capital

Paid-up Capital Total Resources

8,555,000 32170,499

Branches: Canton, Teishan. Shanghai,] Bankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd,

Foreign Exchange and Banking business of every description trans. acted

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

Safe Deposit Boxes (various sizes) for bize.

LOOK POONG SHAN,

Chief Manager

SAFETY FIRST : .

To Safeguard Your Valuables. and Jewelleries.

Deposit them in a Vault

that is really

FIRE-PROOF

BURGLAR-PROOF

DAMP-PROOF!

THE CHINA MAIL, TUESDAY, AUGUST -

∙1935

PREMIUM ON H.K.

ALL RECORDS.

ommerce and NOTES BEATS

Finance

LOCAL DOLLAR

STEADY

Silver Prices Firm

The legal dollar remains steady, on demand yesterday opening morning at 2/0%.

Spot silver was steady at 30-3/16| while forward, dropped 1/16 to 1304

The London on New York cross- rate was unquoted owing to the Bank Holiday, while the New cross-rate was York oa London £-US$4.95s, as compared with £US$4954-

EXCHANGES

TO-DAY'S QUOTATION

On London—

On Japan

On India...

-On-demand

On Manila-

On demand

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks.

HK. Bank $1050 b. cum. div. HK Bank (London). 5105 1. *

div.

Chartered Bank £13% n. Mercantile Brink A. and

$314 2

Mercantile Bank C. $13 Bank of East Asia 37645 m

Insurances

Canton Ins.. $203 1. -- Union Lus. $373 1.

China Underwriters 10 cts. n. China Fire Ins. $382 n.

HK Fire Ins. $200 m.

International Assce. $4 n.

Shipping

Douglases $S6 1.

HK Steamboats. $4 2. Indo-Chinas (Pre£), $30 Indo-Chinas (Def.), $12 n. Shell (Bearer) $74/434 n° Union Waterboats. $111⁄4 n

Mining

Bagulo Gold 22 cts. b. Benguet Consolidated $12.20 1. Benguet Exploration 12 ets u Benguet Goldfield 10.cts n Big Wedge 8 cts. D Gold Creek 30 cts. z.

Langkats (Single) Sh. $14 2.

B

51.4 Per Cent. Paid In Canton

HEAVY DEMAND TO PAY FOR ARMAMENTS

NEW YORK STOCK MARKET

General Motors

Dividend

J

ACTION CONSIDERED VERY BULLISH

In their market report. MessTS.

NEW ADVERTISEMENTS

ONS

CONSIGNEES NOTICE

THE BEN LINE STEAMERS. LISTED

From LEITH, MIDDLESBRO”, ANTWERP, LONDON AND STRAITS

mg/kg

“BENMACDHUT“”“

From Our Own Correspondent]S. E. Lewy and Company, corres-The Steamshin

rondents for lessrs. White Weld Canton, Yesterday.

Consignees of Cargo are hereby informed that all Goods are being Smashing all previous records, and Company, New York, state:—

landed at their, zisk into the hazard the premium on Hong Kong bank- "Stocks: General Motors have

and/or extra hazardons Godowns notes this morning rose to $51-40| declared a dividend on a basis of of The Hong Kong and Kowloon cents Jocal currency for every

$2 plus 25 cents extra. We con- Wharf & Godown Co, Ltd, whence Colonial hundred--dollars-of

bullish and/or from the wharves delivery. sider this action as very

may be obtained. money. This is the highest rate

No claims will be admitted after in the exchange annals of Can-and as infusing general confidence

Godown". to an already promising Autumn the Goods have left the business outlook. The utility see and all Goods remaining undeliver It is reported that the sharp ten of the market continued to beed after the 12th August will be sab.

jest to rent rise of the Hong Kong dollar is impressive and though there was

All claims against the steamer due principally to the heavy small decline in other sections, a must be presented to the Undersign demand for this money,

which

-.

is needed for the purchase of better all-round feeling prevailed led on or before 28th August or they

Business done:-1,740,000 shares. will not be recognized." ordered from armaments

To comply with the General Booded "Wheat: We feel that the crop

Warehouse Regulations consignees Europe These orders include actiook at present warrants par must have a Reverte Oficer

The technical attendance when damaged dutiable

"All broken, chafed and damag

feld-guns, tanks, coastal guns.. anti-aircraft guns, and modern chases on all dips.

were position of the market continues goods are examined. machinery. The arms

week-end

selected by the military mission to be good and we look for someGoods are to be Jeft in the GodownS, what better prices in the near future. Total sales, Wheat: 10th- August, at 10 am. by Messrs.

Corn6135, Goddard and Douglas.

No Fire

been Insurance has effected.

Bills of Lading will be counter- sized by.

GIBB, LIVINGSTON & CO. LTD.

Agents Hong Kong. 6th August, 1935.

PUBLIC AUCTION

The shore batteries at Bocca 27.123,000 bushels. Tigris are of old type and need 000 bushels.

"Cotton: The market has ruled other modern replacement. The

for use in the Tendall traders being inclined to hold | weapons are

off pending the publication of the Tang Military Academy.

Government Buress report.

The

Although the premium os Hong! Kong dollars is going up. Govern-weather is ideal for the growing ment bank-notes of the Kwang-crop and private estimates of the tung Provincial Bank are accepted yield so far aggregate 11,500,000 here to their full value. There is bales.

*Flash: Steel mill activity dur- sufficient silver reserve to meeti

Ting the past week is estimated at the payment of the paper money 16 per cent of capacity as against

→

The political situation bere is very quiet despite some unfounded 44 per cent for the previous week. The International Nickle Compainy rumours, and there is nothing of Canada has declared a dividend disturb public confidence in the

of 20 cents per share.” Government notes.

COMMODITY PRICES

L

Latest Quotations

TH

THE Undersigned have received instructions to sell by Public

ca

Friday, the 9th August, 1935

commencing st 2.30 pm ·

at their Sales Room No. 35. Hankow Road,. Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

The following. quotations were comprising:—

The following quotations have received by Beater

HK and K Wharves (old) been received by Renter.

$78 53.

On TT and demand

4 months" sight Credits 4 months" sight ..2/228

2/1.

$11,000,000 On Shanghai--

On demand On Singapore----- On demand

138

Antamoks 74 cts. b.. Balatoes $18 *.*

On demand

175

On TT and demand

13744

On New York--

On demand

513

Credits 60 days" sight

531

Gold River 5 ct. -

On Batavia--

Ipe Mining 90 ̊cts. m..

On demand...

25%

Itogons 36 eta, 2.

On Paris-

Salacots 12 cts. A

On demand

T5

Kailan Mining Ad. 12/6 m

Credits. 4 months' sigh:

$20

On Saigon-

S'ha Exploration Sh. $4

TT

Shai Loans Sh. $5

m.

Raubs $74 b.

10234

Venz; Goldfield $2.30 n.

On Bangkok-

Docks, etc

On demand

$93

Sovereigns bank buying rate 2/14

Bar silver per ozi

30 3/16

H.K and K Wharves (new)

$14% n.

Prev. Yesterdes Closing Closimy

New York Cotton=-

October

To

Our New building is Specially Con-Copper cash

DOM

Ting

pertant Qualities

Lastracted to provide all of these In-Copper cents ..

December

11.94

par.

You may

Fox in this most up-to-date Vault for Chinese Sub Coin ... 32% dis your own use at a very moderate Ren-Hong Kong sub. coin

obtain a Safe Deposit Rate of native interest

January (1936)

11.19

1141 11.44 11.23 11.19

3% pa

Hong Kew Sh. $240 m.

March

11:16 11.15

par

New Engineering Sh. $4 n.

May

11.14 1111

Shanghai Docks Sh.$78 m

Cotton Mills

July

11.10

Spot

11.90

11.03 11.90

Ewo Cottons Sh. Shanghai Cotton (old)

565

New York Rubber:---

September.

12248

12.23

December

12:44 12.45

12.50 32.51

12.66

12.67

12.77

12.79

Chicago Wheat:

September

89**

4% Debentures

December May

91

933

Chicago-Corn:- September December

www

61% 6136

May

633

6234

* 843

Market Closed

Inte description at Bankior and Exchang

but trazenertime.

Securitum.

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor, of Bar silver in Hong Kong

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

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

THE

Less stated as appro AMERICAN EXPRESS COMPANY,

Current Accoun" opened. in Locs! Curteary | and Fund Deposit received for one year or "shorter periode was Love and Foreign Cagencie

on tareje which will be quased on applicatio

Safe Imponit ke To Let

KAN 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 $70.231.05

Chirt Manager.

Capital Simples Reserves

BRANCHES

Amsterdam Antwerp

+

The Hagu

Basle Rel

Hambur

33 TUTTO

Bombay

"Calcutta

R Zerris Cairo

Canum Colombe

Zen Jaysing Loader Tinapool

(Incorporated in China).

Head ce...Shanghai Capital 14 $7,500,000.00

Beseme

.....$1,500,000.00

-Branches ...All Important Cities.

iz China Foreign Exchange and Banking. Carnt and Necrounia opened and Fixed Daportin vand if som ger or shorske periode { at males wat wild be squartand an application,

SOC Z. CHANG.

BONG KONG BRANCH:

24, De Toruz Hond Contorl

Masazer Komm

Foren Eschan Dept."

Ceperat 45

Combies' re

„Tel. 3303

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1860

Dublin Elimboch Florant

-Carlo

Mantin

as nich

Suplem

- Purim

Priping

Paieran Flakerdale

Shanghai Southampton Singapore Tisleri Teen titan

51737ING

Tegive

Zurich

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

All classes of Conimercial Banking Transactions undertaken. Personal izvestiment handled.

accounts

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, in addition, the world-wide services!

-Capital (full paid-up) Yen. 100,000,000 Beserve Find Yen: 125,800,000 of its thoroughly equipped. Travel

Head Office:-YOKOHAMA

Branchez and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Kagasaki

Nagoya

New York Osaka Paris Peiping

1.

Dairen (Dalny)." Rangoon Pengdien Mukden) Rio de Janeir

San Francisco

Seattle

Harbin Hong Kong

Honolula Trinking

1ondon

Los Angeles

Kanis

Singapore Sourabaya Sydney Tientsin Tokyo

singtan

Interest allowed for Current As

* Deposita recrived for fixed periods

at rates to be obtained on application.

G. KISHINÁMLADY

rtment.

·E W. DUGGAN

CHOR

RAW RUBBER PRICES

Latest Quotations From

Singapore

Messrs. H. B. Joseph & Co. bare received the following Straits Cur- rency quotations from Singapore. for Raw Rubber:- Spot. 19 % Unchanged 19 Oct/Dec 20 Jan./Mar.

(1936) 21

April/June.

Urichanged 20 34

HR and W. Docks $634 Providents (ald) 85 ets.

Providents (new) 20°cta.

Shanghai Cotton (new) $40. Zoong Sings Sh. $8. Wing On Textiles Sh. $25. Lands, Hotels, etc. HK and S. Hotels $3.80 1 H.K. Lands $29 b. H.K. Lands

100% . Shanghai Lands Sh--$201⁄2 n Metropolitan Lands Sh. 310 IL Humphreys $8.10 s.

Down

21

HK Realties $4 a.

Chinese Estates $88

Down / 20-%

China Bealties Sh.$4 D. China Debentures Sh.$123 1 Public Utilities

(1936).22 Market:-Quiet.

*THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up $5,000,000. $7.300.000. Reserves Capital Savings Dept. $300,000. Reserve Savings Dept. $600,000. Head-Office-Shanghai

-

A Bank having as its missice the industrial development of China and the fostering of her commercial relations abroad. Hong Kong Ofice

7. Ice House. St. Phone 31481-2-3

Is It

Insured?

Manager.

THE WING ON BANK

LIMTED.

Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000. LONDON BANKERS:— Westminster Bend. Ltd. Foreign Exchange and every des feription of banking business transact-

Current Accounts and Savings Ac-) counts opened. Fixed Deposits re- crived at rates which will be quoted on application Special rates given for Special-deposita:mode

Trusteeship and Erscatorship

ken Safe Deposit Boxes for

PHILIP GOCKCHEN

hire.

Manager: LGOCKCHINS. >L SEU PONG Hong Kong, 11th March 1925. L'Asst. Manager

Asst. Manage

Insurance--All Classes LOWEST RATES American Asiatic Underwriters

Fed Inc USA General Agents

Head Office 17, The Bund

Shanghai

HK. Ofice Asia Lita *Buddling *TEL BUZSA

Printing

ASONABLE

PRICES

H.K. Tramways $12.40 b, $12.50

32.

Peak Trams (old) $734 m. Peak Trams (new) $5 Star Feiries $76 b.

Yaumati Ferries $17.60 n

C. Light $84.

HK. Electric $57. b.

Macao Electrics $2234 n. Sandakan Light $3 s. Telephones (old) $20.85 £ ex

div.

Telephones (new) $8.20

div.

China Buses Sh. $112. Singapore Traction 10/6 b Singapore Preź 22/6 b..

Industrials

Malabon Sugar $84 n- Cald: Macg. (Ord), Sh. $19

1.

Cald: Marg. (Pre), Sh. $13 n. Canton Ices $180 1. Cements $4% s HK. Ropes $2

Stores, etc Dairy Farms $151⁄2 & Watson $3.35 1. Lane, Crawford $3 a. Mackintosh $7 D Sinceres $470 Wm. Powells 70 ets. n. Wing On (HK) $55-71.

Meg Miscellaneous re HK Amusements $185 1. Entertainmentë" $4 m2

S. C Enterprises $1.35 z Haczo "Greyhounds”, „2 n. Constructions (old) $110 Constructions (new) 25 cts. 2 Vibro Pling: $4 m

Ch. Gort 5% 1925 ̈ G$Bds/

90% Z

January March Mar

Winnipeg Wheat:~~~~ August

New York Sugar:

Sept. Dec.

No. 1 No.3 No. 1 No.3) Con. Con. Con Con..

2:29 2.24 2.28 241 224 2.42 2.23

XY.London

cross-rate

NY. Cotton Oct

Chesterfield Sites, Bedroom Prev. To-dar's and Dining FOODL Furniture. close clone Enamel bath, Carpets and Rugs. Glass and Porcelain Ware, “Orzay 4953 4.95% 1141

ments. Clocks, Gramaphones and NY. Rubber Sept 12:21

Records, Linen, Ice Chest, etc. Chicago Whest Sept. 89% 77% Chicago Corn Sept. Montreal Silver Dec. 68.95 Silver Official 1 673

Dow Jones Averages

11.44 12.23

92

·etc.

68.95

ور

60 Industrials 125.90 126:07 17 1 20 Rafis 34.89 34.86 .03 of 20 Utilities.. 25003 25.39 36 up 40 Bonds 96.81 96.85 04 up

11 Commodity

Index

54.51

Business Donè:-1,740,000 shares.

WINTER WHEAT IN CANADA

Experiments At Ottawa

IMPROVING VARIETIES

Ottawa.

The Central Experimental Farm 2.931 at Ottawa is seeking to improve

2.03

Jar (1936) 2.14n 2.04 2.14 202 the varieties of winter wheat grown in Canada. From 85 to 90 209 per cent of the total winter wheat area in Canada, amounting to "ap- proximately 600,000 acres, annual- 1.50

ly, is confined to Ontario. 1.48

The Wheat grown 1.481⁄2 tion is a white.

March ...

2.05

May

2.11

New York Silk:-

September

1.47

December

1.454

March

1452

Montreal Silver-----

September

December

January

March

in this sec- wheat and is

particularly valuable for milling

68.05 67.95

68.95

68.95 69.05x

€9.05% €9.90 69.95

CANADA'S WHALING

INDUSTRY

Important Pacific Coast Trade

Ottawa

Although the whaling industry

is chiefly confined to the Pacific

into flour for the pastry, biscuit and cake trade. It is of value to the farmer of Central and South- Jern Ontario as a rash crop.

Deficient In Hardness

Some of the varieties of winter wheat have been shown to be de ficient in winter hardness. This has been demonstrated in the past two severe winters which resulted in half a crop only in '1934 and possibly a -20 per cent. reduction in 1935.

Tests are being made with hybrid varieties, a large number grown in Canada, the

ments.

Const, these monsters of the deep of what a fee Russis and other are sometimes found on the Atcountries being used in the experi lartic An 82-foot whale, with its

Some of the bybrid mouth measuring 30 feet in varieties developed for winter cumference, was recently, trapped hardness have demonstrated their in an ice jam on the shores of Nova Scotia, and cast upon the ability to resist low temperatures.

Further Tests Pending

short

On the Pacific coast the whaling Hybrids derived from combina industry is of importance; and the fions of Dawsons Golden Chaff past season was the best in some (Canadian) and Kharkov 22 M.C. respects since 1918 Last year (Russian) showed very little in- Canadian whalers captured 850 jury under tests, while Dawsons whales and a total of 813,700 gal Golden Chaff alone was billed to lons of whale oil was produced the extent of 35 per The oil is used for

EK Govt 4% Loan 5%% premand for other

meal and fertiliser 1%%% rinsed from these mat

Reuters

ng sarp designed to produce

While race 25 well as

pro-have advanced to asters, and awaite

Crosses

*180

A Selection of

Black Wood Furniture sod

One Radio Sq

On View from Thursday the 8th August 1935.

Terms: Cash on Delivery-

LAMMERT BROS.

Auctioneers. Hong Kong, 6th August, 1935.

Everything

gone.. BUT YOUR SAVINGS

PENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING START NOW UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST. INC.

Asia Life Building

Forg

Tel: 30234

1,000-YEAR-OLD LIME TREE KILLED BY LIGHTNING

After standing for 1,000 years a famous Linden tree at Pfaffenhofen, Bast Bavaria. has been struck down by lightning