1935-08-07 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

י

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Issued and Fully Paid-up: 20,000,000 Incorporated by Royal Charter: 1853

Reserve Fundes

Sterling

$6,500,000

Säver.... 30,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE HONG KONG.

BOARD OF DIRECTORS.

H. Dodwell Eng.

Chairman,

HEAD OFFICE: LONDON Paid-up Capital"

20,000,000

Reserve Fand

£3,000,000, $3,000,000

Reserve Liability of Pro-

prietors -............

53,000,000

Agencies and Branches: .

Mor Gene

Iloilo

Bangoon

Amritvar

Ipoh

Saigon

Kanchi

Xlang

Bombay Calcatta Caxton

Sarendam Shanghai

In

Lampkr

Sitiawih

Kuching

Someday

Cabe Colesbe

Vadres

M. T. Johnsam, E84+ bus Hon Mr. J. J. Paterson,

Manila

Madhan

Tongina

Haiphong

Hankers Barbie

New York

Piping

Tombac Zamboanga

cc Snight, Eng.

.Deputy Chairmant

F. M. Gesyburn, Esq.

Chief Maracer.

W. H. Bell, Esq., K. S. Morrison Esq. † Corpora

A: H Compton Esq...

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

BRANCHES

ANOT

BANGTOK -

LONDON LYONN

BATAVIA

BON BAT

CALCUTTA

CANTON

CFGO

COLOMBO

DAIRES FOOT HOW

~RAINONG НАМАГИС

HANFOR

HARMON

HONGRES

ILOTIC

1203

JOHORE

XORE

KOWLOON

་་

KANTEA

MTAR (Jobore3

MINDEX

SEW YORK.

PETPING

PENANG

RANGOON SAIGON

SAN FRANCIS

ATALA_LUMPUE

SHANGRAT

SINGAPOR

SOTRABATA

SÜNGEI PATANI

ATENTSIX

TOKYO

TSPSCTAD

TOKOHAMA

Cart Ante opword in Local Currency and Fiend Deposita margined for one war o Rooste in Ioral Cammer and Sterbeg of Seam which will be center on epämuon

Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK

The Bunch it the sdôve Bark in conduct ed by the PNG KONG AND SPANGEAI BANKING RPORATION. Kuian may be obune casation.

FOR THE HONG KONG AND SHANGHAT BANKING CORPORATION

VM GRATEURS,

Chart manger.

Hong Kong, thinkmary. 1935

Hong Tang

Phone

Sinespor

(Bbot)

Farsign Exchange and Geomen? Banking boginusE freemeted.

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

A BREAFLET,-

Yanayo Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:--Hong Kong.

Authorised Capital ..... $11,000,000

Faid-up Capital

Total Eesources

THE CHINA MAIL, WEDNESDAY, AUGUST 7, 1935

and

Commerce

Finance

LOCAL DOLLAR STEADY

Silver Prices Firm

The local dollar remains steady, opening on demand this morning lat 2/07%.

Spot silver was steady at 30-3/16; and forward at $0-

The London on New York cross- rate was quoted at $- US$138 while the New York on London cross-rate WRA -U.S.$196, as compared with D-US$19575.

EXCHANGES

TO-DAY'S QUOTATION

On London-

On Singapore--

8,655,000 On demand 32170,402 On Tapan-

Branches: Canton, Toishan, Shanghai,

Hankow, Bangkok & San Francisco. | On India--- 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 o shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manage=

SAFETY FIRST!

To Safeguard Your Valuables

and Jewelleries.

THE BANK OF EAST ASIA, LID. Deposit them in a Vanit

Authorised Capital. ...

Paid-up Ceaita!

མས་=.t.0&

Bewerte and Tsdréed $2.480.000.00

HEAD OFFICE:~HONG KONG-

10. Dr Tear Bond Central

BOARD OF DIRECTODS---

Sir Shougon Choy. Can. To Rose Chun. En P. K. Two, Eng. Toor THE T. Eng. Cann Care She qui la Sane. Eng. Troog Can Soc. Fog, and Esa Yine

Pa Em

Amon

Baterie

Kan Tone Po. Fan, Chief Vacnost. Li The Foos. Exq- Manas

ERANCHES, AND AGENCIES DE

Bombay Calenta Chaten Baiphong Baglar

Hamile

Nag

New York

Codice

+There

Honsiule

Peter's

Fabe Lowines

Reng

LondoE

Francisco

*

4

that is really: FIRE-PROOF

BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con structed to provide all of these Im portam: Qualities.

You may obtain a Safe Deposit; Rox in this most up-to-date Tault for

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks

HK. Bank $1050 n. cum div. HF Bank (London) £105

dife

Chartered Bank $13% n

$811⁄4 D- Mercantile Bank C. #1336 n. Bank of East Asia

Insurances Canton Ins. $203 1. Union Ins. $370 5.

VOLUNTARY

OIL CONTROL

PROPOSALS

US President Asks For Legislation

CONGRESSIONAL ACTION PENDING

Washington, To-day.

NEW YORK STOCK MARKET

SOCONY DECLARE DIVIDEND

Wheat Crops Suffer From Rust Damage

* than

DAFVOUSIES6 to any

NEW ADVERTISEMENTS

PUBLIC AUCTION

HE: Underigned have received Tinstructions to sell by Fublic Auction

On

Monday, the 12th August, 1995 cormmencing at 230 p.m. at their Sales Room,

Daddell Street

FURNITURE

In their market report, Messrs. SE Levy and Company, cerres- President Roosevelt in a mes pondents for Messrs. White Weld

A. Quantity of sage to Congress is asking for and Company, New York, state:--

VALUABLE HOUSEHOLD "Stocks: The present irregu- speedy legislation to create a vo-

28larity on the market seems to be ex luntary system of sil control

comprising: expected, following the White largely due to profit-takday rather Chesterfield Suites, Bed Room House conference, at which

over and Dining Room Franiture, Of- Mercantile Bank A. and Bagreement was reached on a come future prospects. We believe that fice Furniture Carpets and Bugs. promise bill to provide Congres the continuation of a policy to ac- Cashions, Eider-Down, Blankets, siqual ratification of the oil cumulate during such periods will Curtains, Linen, Ornaments, Pic- States compact, the formation of eventually prove profitable Busi-tures, Glass and Porcelain Ware, an independent petroleum admin-ness done: 1770,000 shares.

Brass and Aluminium Ware, Ice Of "Wheat: There has been istrative board, the limitation

con-Chests, Clocks, Gramaphones and oil imports and maling perman-siderable selling in sympathy with Records, Electric Fans and ent the Connally Oil Law barring the weakness of com. Fledge Lamps, Radio Sets, Typewriters.

inter pressure was moderate, while do- Sewing Machines, etc, etc. ` <i> illegally-produced oil in

mestic and foreign wheat news WAS State commerce.

also The bill introduced. în the bullish. The technical position of House of Representatives yester the market continues sound and we day is to form the basis of Con-look for improvement later. gressional action. along thest Total enles:-Wheat, · 30,152,000 lines--Reuter

bushels. Corn. 5,953,000 bushels.

"Cotton: There are indications that there will be no cotton -loan announcement until around August 20. Ideas with regard to the pro- bable yield of the growing grep are

China Underwriters 10 cts.... I China Fire Ins $382 n HK Fire Ins. $200 n. International Assce. $4 n.

Shipping

Dongleses $36 D. HK. Steamboats $4 2- Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $12 m Shell (Berrer) $74/41⁄2 n. Union Waterhouts $111⁄2 1.

Mining

Bagnis Gold 22 cts i Benguet Consolidated $12.20 1. Benguet Exploration 12 eta. a. Benguet Goldfield 10 ets n Big Wedge 8 cts. B

A.A.A. AMENDMENT

BILL PENDING

RATIFICATION increasing daily.

COTTON EXEMPTED FROM DUTY

The following telegrams were received last night:-

The Minister of Agriculture for wheat Canada reports that the crop in Saskatchewan Province has

OPPOSITION BLOC SUCCESSFUL suffered serious rust damage.

The wheat „market looks higher. The Standard Oil Company - of)

On T-T. and demand

4 months" sight

2/1

Credits 4 months" sight, 2/243

On Shanghai.

On demand

13734-

887%

On demand

1754

Antamoks 74 cts. b.

Balatoes $18 u.

On. TT. and demand

13731

On New York-

Or demand

513

Credits 60 days' sight.

53%

On Batavia

On demand

75

Gold Creek 30 cts. n.

On Paris

Gold River 5. cta. 1-

Or demand

775

Ipo- Mining 90 cts. n.

Credits 4 months" sight

820 i

Itogons 36 ctx. i

On Saigon-

Salacets 12. cts, 1.

On demand

7734

Kalian Mining Ad 12/6 2

On Manila

Langkats (Single) Sh. $14 D.

ment on the Agricultural Adjust-

On demand

Shai Exploration Sh. $

1.

Or demand

$9

Shai Loans Sh. $31⁄4 mi Raubs $T

ment Administration Amendmezt Bill, which has now been returned ito both Houses for ratification.

Sovereigns bank buying rate 21

Venz; Goldfield $230

z

Bar silver per oz ---

30 3/16

Bar silver in Hong Kong Copper-cash Copper cents

- 270.

10

Docks, etc. HK and K Wharvės.

ST8 1.

par.

pa dis.

par

On Bankok-

Rate of native interest.. 3

23 Chinese Sub Coin Hong Kong sub, coin

1024

your own use at a very moderate Ren- BRITISH TREASURY

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL

*al

Thing" the Y Jil

Singapore

Scumbags

Taitois

Tiented

FANCYNTH

Tokyo

Yokohama

Pivers description of Besting and. Embing

& SAVINGS BANK, LTD.

Corner of Tee House Street and Des Voeur Road, Central

TIBE

A RETURNS

Revenue Decreases, Expenditure Up

London, To-day.. The Exchequer returns show

Sires staand. Ioats grando appro AMERICAN EXPRESS COMPANY, that the ordinary revenue.

maturition,

2.

Current Argia opraed, ka Local Curvary and Pland Desmonte Peresend for one aborter perioda on Inval and Foreign Curtmacim

on terms which will be quoted on application

Safe Deporis comes to the

SAN TONG 10.

INC.

Head Office:-65, "Broadway, New York

US$6,030,000.00.

2,183,633.06 870,731.05

Chief XamarT.

Capital Surplus

Reserver

BRANCHES:

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Head Office.Shanghai Capital

Amsterdam Asda

A hem

4

Bi

Ti-ic

Firma

Reserve

.$1,500,000.00

Branches

Cairo

in China

Exchan

and General Banking

Forvien

Bajame tramerated.

$7,500,000.00

All Important Cities w

Current Saving Accounts opened and Fixed Deposits Trend for one year of aborter periods

at ratus which will be gaited on application

HOU Z CHANG.

HONG KONG BRANCH:

24 Z Fort Brad, Central

Hansenz'a 05

Farien Exchange Depts es

General Offen

Cashier's Office

Manager.

www.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Capital (full paid-up) Ten 100,000,000 Reserve Fund Yen. 125,800,000

-:' Bead Offer:-YOKOHAMA

Branches and Agencies at:

Nagasaki

Alexandria

Batavia

Berlin

Bombay

Calcatta

Canton

Nagoya

New York Osaka

Paris

Peiping Dairen (Dalny): Rangoon Fengden Malden) Rio de Janeiro

San Francisco Hamburg-

Hakow

Hong

Kong

'Seattle Semarang

Singapore

Kobe London

Los Angeles

Tokyo Tsingtan Yingkow

Cúruste Canoes Colambo Copenhagen

Thablin Finbar

foreach

Getton Margre The T ******** Hambara

Interlake Season Torwa London Livergood Terren Lugano Lo

Kira Карина

Durin Priping Palermy Rotterdam Rati Sharra Southampton Singapore - Tientsin Taormina

Tienes

Monte Carlo

Fetice

Voila

Tolst

Vamich

Zurich

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

All classes of Commercial Barking) Transactions undertaken.

Personal handled.

investment

ex-

cluding -self-balancing items. amounts to £192638,184. as com- pared with $194,231,739 at the corresponding date of last year. The revenue from Customs and Excise amounts to £101,037,000, as against £91,795,000 for the same period of last year.

The total ordinary expenditure, exclusive of self-balancing items, is £257.947.452, as against £248,-| 907,078 at the corresponding date of 1934-British Wireless Ser vice.

THE MERCANTILE BANK OF INDIA, LTD.

"HEAD OFFICE:

1. Gracecharch 6treet, Ladoo, ECI

Authorised Capital

Subscribed Capital

Paid-up Capita

„£2,000,000

1,800,000 1,050,000

Reserve Fund & Best.. 1,247,830 BASKZPS,

The Bank of England & Midland Bank, Ltd.

BRANCHES

accounts Bangko

Bomber Calcutta Colombo

The Company offers to intending p Travellers the use of its "Travellers Calle

Hong, Long Cheques" and Letters of Credit, 200, in addition, the world-wide services its thoroughly equipped Travel Department

✯ W. DUGGAN.

Mamage

Ipoh Kandy

Kamment

Kots Bar

Sew York Penanc

Fort Louis

(Marition) Bangoon Koala Lipis Kuala Lumpur Shanghal Kuantan (Pahang) Simia

“Singapore

HONG KONG BRANCH Sexy description Banking and Exabange' baxina.sesacted

Travellers Cecans beced.

Trustee and Executorships under- taken....

ISLEREST ́llowed on: Current Accounse and Fixed Deposits at Rates that may be ascertained foe application-

E. KENNEDY,

Hong Kong, 24th July, 1935.

THE WING ON BANK Rod Cantial

LIMITED.

Head Office Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000:

LONDON BANKERS: Westminster Band, Ltd Foreign Exchange and every des cription of banking business t

transact

ed.

Current Accounts and Savings Ac commis speaed. Fixed Deposits re ceived rates which will be quoted on application Special rates given for Special deposits.

dertaken. Save Deposit Boxes

Moj

Interest

vole dallowed for Current: Adeİ Trusteeshipgam

and Executorship an

Deposits, zerived for fixed peri rates to be obtained on applicat

Hong Kong 11th Each 1935.

GOCKCHI

SELL TONG

Asst. Manager

STER

Matago

SHANGHAI COMMERCIAL & SAVINGS BANKS LIMITED

(Incorporated în Căina)

Capital paid up

Capital Savings Dept. Reserve Savings Dept. $800,000.

Banke baring makkumission the industrial development (on/ China and the fostering of her Commercial relations abroad Hone Kowy Officem

-7, Ice House - St.

Washington, To-day.

The Colfgressional Conference New York has declared a 15-cent members have reached an agree-semi-annual dividend.

Latest Quotations

The following quotations were

.

A Selection of Black Wood Furniture and

One Plane By "Moatize” Two “G. E" Electric Reftiger-

ators

On View from Saturday, the 10th August, 1935.

Terms: Cash on Delivery

LAMMERT BROS,

Anctioneers. Hong Kong 7th August, 1935.

BERLIN SHARE MARKET

Comparatively Smali Demand

*CHINA MAIL," SPECIAL",

Berlin, To-day. Large scale buying went Prev. To-day actively yesterday, but large orders. clos placed by the banks were con- spicuously few. The aggregate therefore compara-

The Conference members retain received by Beaters led the provision permitting the (old) use of 30 per cent. Customs reNY.Leden

ceipts for subsidising exports of agricultural products, but speci- NY. Corton Det.

XY Rubber Sept fically exempted raw cotton, owing Chicago Wheat Sept. 92 to the opposition of the cotton bloc Chicago Corn Sept 7734

HK and K Wharves (new)

STAL B

H.K. and W. Docks $61⁄2 1. Providents, (old) 85 ets.-n Providents (new) 20 cts. n. Hong Kew Sh. $240 m. New Engineering Sh. $4; n Shanghai Docks Sh.$78 z-

Cotton Mills Ewo Cottons. Sh. $7 n. Shanghai Cottor (old) Sh.

$65 n

→

Shanghai Cotton (new) $40 n. Zoong Sings Sh. $86 n. Wing On Textiles Sh. $25 B Lands, Hotels, etc.

HK and S. Hotels $3.80 H.K. Lands $29.

HR Lands 4% Debentures

-100%

Shanghai Lands Sh. $2034 2. Metropolitan Lands Sh. $10 Humphreys $8.10 n' H.K. Realties $4 n. Chinese Estates $88 n. China Realties S14 m China Debentures Sh.$123 1.. Public Utilities

b_ ̈

HK. Tramways $12 Peak Trams (old) $74 'n Peak Trams (new) $5% a Star Ferries $761⁄2 b. Yanmati Ferries $17.60 n C. Light $814. b. HE. Electric $571⁄2 b. Macao Electries $221⁄2 n. Sandakan Light $3 8. Telephones (old) $20.85

div.

Telephones (new) $8.201

div.

cross-rate

4.96

-close

495

11.44

12.44

12.

1216

901

on the theory that since the United Montreal Silver Dec. 68.95

price. Silver Oficial States is Sxing the cotton this might seriously be interfered! with by eales at less than the do- mestic price. Reuter.

68.85 674 671 Dow Jones Averages 30 Industrials 126.07 125.64 43 of

20 Rails 20 Utilities

34.96 34.63 234 25.39 25.11 28 of 40 Bonds ... 96.85 $6.65 20 off

UNEMPLOYMENT IN 1 Commodity

BRITAIN

Latest Figures Show Much Improvement

London, To-day.

As anticipated, the Ministry of Labour figures of employment

that

Index

5451 5400 51 #

demand wat tively small, but this was counter balanced by the restricted offer of stock. The net result was a rising tendency in prices.

4

Fixed interest securities were sluggish, State loans being erratic and gold mortgage bonds quiet. Call money was at 234 to 234 per cent-Trans-Ocean Service.

Business Done: 1,270,000 shares. RAW RUBBER PRICES

COMMODITY PRICES Latest Quotations From

Singapore

The following quotations have been received by Beater.".

Messrs. H. B. Joseph & Co. have Prey. Yesterday received the following Straits Cur- Closing Closing rency quotations from Singapore

for Raw Rubber:-

Spot 10% Down 3 b. 1945 October-December 20% Down

16 3 2018

and unemployment in July and New York Cotton:-- published last night, show

October the total number of unemployed

December were less than 2.000.000 for the

January: (1936) 11.19 first time since Jure, 1930.

March The Ministry estimates that on

May July 22 there were approximately

·July 10,381,000 insured. persons aged

Spot from 16 to 64 in employment, in Great Britain:

This was 20,000 New York Eubber:

September more than at June 24 and 234,000

December more than the year before.

January At the same date, the numbers. of unemployed, persons on the re- totalled gisters in Great Britain $1,972,9412 comprising 1501,226

wholly memployed, 393,198 tem- December porarily stopped, and 78,517 nor &mally in casual employment. The total was 27,169 less than on June 24 and 153,319 less than the year before British Wireless Service

China Buses Sh. $111⁄2 n. Singapore Tmction 10/6 h "Singapore Pref. 22/6 D.

Industrials Malabor Sugar $81⁄2 1. Cald: Macg (Ord), Sh $19

Cald: Maeg (Pret), Sh. $13 1. Canton Ices: $180 21: Cements $43⁄44 B

ELE Ropes 12-

Stores, etc.

Dairy Farms $15.40 & Watson $3.35 1.

Lane, Crawford $3 1. Mackintosh $TE Sinceres $4.70 1 Wm. Powells 70 cis. 1. Wing On (HK) 355 1

Miscellaneous

-H. K. Amusements $1.85-1. EntertainmentsTM $4 ̃n SC Enterprises $1.35 a. Macao. “Greyhounds”. 22 n. Constructions

Constructions (new) 25 cts? Vibro

Ch.

1924

NEW YORK STOCK EXCHANGE

Latest Quotations

11.44

1144

13.23

11.26

11.25

71.15

1113

11.11

11.14

11.03

11.08

11.90

11.95

1223

1216

·12.45.

12.39

1251

12.47

March May Chicago Wheat:~~ September

12.67

12.60.

12.79

12.72

92

90%

93

923

954

94:

*73

75%

614

59%

6234

-84%

8434

50%+

+

January-March (1936) 2134

Down % by 21% s. April-June (1936) 22 Down

b. 324 s.

Market:-Dali.»

ILLICIT ARMS CHARGE

Hearing Postponed

Six Chinese, Cheang San, aged Chan 45, Chan Wah, aged $2,

May Chicago Corn:— September

Ying, aged 30, Canng Man, aged December

27, Li Tuen, aged 26 and Li Wah- May

cheong, aged 36, were this - morn- Winnipeg Wheat:-

Ling charged before Mr. Q A A Angust

Macfadyes at the Central Police New York Sugar

Court, with the possession of one No. 1 No.3 No. 1 No automatic pistol. one revolver and Con Com Con Con-16 rounds of ammunition at No. (Sept 228 223 230 22 33 Mong Kok Road, second floor, ¡Dec.

2:42 223 2.41 224

on Monday without a permit from Jaz (1936) 214a 202 2140 203 the Inspector General of Police. March

August 7- The following quotations were 5* May- ceived

*

M. Murphy asked for

2 remand, and the case was fired for hearing on Friday morning.

2.03

205

2.09

2.10

New York Silk:-

Last

10.20 11.00 September "N" London 4957 4.95% 435 NY Cotton

1.50

-1.47

The first defendant admitted the charge, while the others pleaded. not guilty.

December

18

Inspector

146

March

148

TAS

Montreal SilYASAL

72.20

NY. Bubber

September

68.05

67.94

Dec

Sep Dec

12.18

$2%

December

68.95

68.85.

January

€9.05n

March:

69.95

98% Com Sept 77% De

STOCK

5124

Amer Emelting 42%

Con Gas NI

El Bond &

Share

General Mote

G&B Int Tele Tel

42% Teen 57/9%

69:101

69:90~

Cotton: First Notice Day fot October will be September 25, with delivery date October L.

Is It Insured?

LOWEST RATES: American Asiane

REICHSMARK QUOTATIONS