1935-08-08 — Page 6

BANKS

HONG KONG AND SHANGHAI

THE CHARTERED BANK OF

BANKING CORPORATION INDIA, AUSTRALIA & CHINA.

Authorised Capital ****** $50,004,000

Issued and Fully Paid-up

Reserve Funds

Sterling € 5,300,000 Silver

0.000.000

Reserve Liability of Pre-

prietors...

20,000,000) Incorporated by Royal Charter, 1855.

||$3,000,000

HEAD OFFICE: LONDON

Paid-up Capital 20,000,000 Reserve Fund

Eeserve Liability of Fro-

prietors

Agencies and Branches:

READ OFFICE HONG KONG,

BOARD OF DIRECTORS,

5. H. Dodmerth, Enf

Chairman

C. C. Knight, Exqu...

Deputy CharmNER,

T. 3. Geyburn, Kan.

Chief Mag

·Bangkok,

W. H. Bell, Esq., KL.S. Mozzison Esq. more A. H. Compton Esq

M

T. Johnson, Esq Hon Mr. J. J. Paterson.

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

ANOT

BANGKOK

BATAVIA BOMBAY

CALCUTTA CANTON CHEFOO

COLON RO DAIREN

FOX FOT

HAMMERG HANKOW HARBIN

HONGKEW

ILOILO

IPOR

JOHORE

XORE

KORIDAN

Come

BRANCHEN:

LONDON LYONS

MALACIA

MAXILA

NTAR Gebore)

MURDEN

NEW YORK

PEIPING

PERANG

RANGOON

SAIGON

RAY FRANCISCO *.

KUALA LUMPUR

SHANGHAT

SINGAPORE

SOURABATA

KUNGET PATANI

TURTO

TSINGTAO YOKOHAMA

་

.

as, opened is Local Currency and Fixed Deposits Tunerand for one year or borbe in Loral Curry and: Someling ence top word will be word un application.

6th April, 1935.

Hong Kong t

HONG KONG SAVINGS BANK

The Busitres of the nhom Back in odact ed be the HONG KONG AND SHANGHAI BANKING CORPORATION, Hulme may be obtained on aspiration.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION,

YN. GRAYBURN,

Curd Manage

Bong Song, 12th Februnty,

Baila Ipoh

Karmeli

Kang

£3,000,000

THE CHINA MAIL: THURSDAY,

Commerce and

Finance

LOCAL DOLLAR -DECLINES

$3,000,000 Spot Silver Prices Firm

The local dollar dropped 25. opening on demand this morning at 12/04

Bangoon Faight Semarang

Seremban

Shanghai

Bateria

Been ba

Kobe

Calcutta Canton

Singapor

Lamper

victenwas

*

Korking

Dourada ya.

C

Madraa

Tripunt

Dell

Catombo

Masila

Titia

Madan

-Tackab

Haiphong-

New Yook

Hambert

Priping

Tringtao

Zamboanga

Harbin

Hong Lour

Prane

Forsiga Dachings sad General Banking dominos

| Covenacted.

Cuma Accecete opened and Red Deporte

zwired for one year or shorter perioda at "TION which wiữ be quoted on suplication.

A BREARLEY, “..

Manaren

Hong Kong, ist. January, 1935. -

THE BANK OF CANTON, LTD.

Established 1912

Head Office Hong Kong

Authorised Capital

Paid-up Capital

Total Resources ...

Spot silver was steady at 30-S/16| and forward dropped 1/16, being quoted at 30-3/16

The London an New York cross rate was quoted at

US$496

while

as against 5 US$95%, the New York on London rate, was £-U.S.$4.951⁄4, as comm pared with £ US$196.

EXCHANGES

TO-DAY'S QUOTATION

On London

Branches: Canton, Toishan, Shanghe On Indis Hunkow, Bangkok & San Francisco.

business of every description trans- acted

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

Safe Deposit Boxes (various sizes) for hire.

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks

H.K. Bank 31050 h, com div. HK Bank (London) £105

ex. div.

Chartered Bank 483⁄4 n.. Mercantile Bank A and

Mercantile Bank C. £131⁄2 1a

· Bank of East Asia $75ká n.

Insurances

Canton Ins $203 z. Union Ins. $370

China Underwriters 10 cts, vi China Fire Ina- $382 2. EE Fire Ins. $200 a. International Assce. $4 2

Shipping

Donglases $36. De

HK Steamboats. $4 2. Indo-Chinas (Pref), $50 - Indo-Chinas (Def), $12 n. Shell (Bearer) “$15/- 1. Union Waterboats $1134 m-

Mining

Benguet Consolidated $12.20 1. Benguet Exploration 12 cts. T. Benguet Goldfield 10.cts n. Big Wedge 8 cts. 75 Gold Creek 30 cts. a.

Gold River 5 cta. 1 Ipo Mining 90 cts. 2. Itogons 36 cm.

Salacots 12 cts. n.

WEEKLY MARKET

REPORT

General Cotton Tone Somewhat Firmer

-PRICES-MAINTAINED AT

STEADY LEVEL.

Messrs. James F. Hutton and

NEW YORK STOCK

MARKET

Irregularity In The Markets

RESULT OF FURTHER PROFIT-TAKING

NEW ADVERTISEMENTS

A

RIAL & COMMERCIAL

BANK INTD.

QUIDATION)

THIRD and FINAL DIVI- DEND is intended to be de-" clared in the matter of the Indus-

In their market report, Messrs trial & Commercial Bank Ltd. july 10: Co., Ltd, reported as follows cas. E. Levy and Company, cerres (In Liquidation).

Creditors who have not proved -- the principal factor of interest pondents for Mesara White Weld

and Company, New York, state their debt by the 30th day of this week has been the report Stocks: There was some fur-September, 1995, will be excluded issued by the Washington Dether profit-taking to-day which are from this dividend. partment of Agriculture on the

Proofs should be sent to the un- counted for the irregularity of the cotton acreage under cultivation markets. We are still of the dersigned at 6 Des Voeux Road B July 1. The total acreage had opinion that it will prove to be Central Hong Kong, on or before

been returned 229,166,000,

J. HENNESSEY SETH.

against 27,888.000 acres planted entually profitable to accumulate the 30th day of September, 1935. in 1934 Little reaction has been any setbacks. Business done: Dated the 7th August, 1935.

¡1,390,000 shares. [shown to these figures by - raw

“Wheat: Argentine crop news is jeottan values, although the xen unsatisfactory. Rast damage is cal tone has been rather firmer.reported to be well through Saskat

Favourable weather news from chewan and South-Western Cana- the growing centres, coupled with a, where weather conditions are

́S. HAMPDEN ROSS,

Joint Liquidators....

the bullish sentiment of outside dry. The crop in Alberta is late COMMODITY PRICES commodity markets, have also The technical position in Chicago) contributed to maintaining prices as much improved. Total sales:

The following quotations have at a steady, level. Only a

Wheat: 36,853,000 bushels. Corn: been received by Rexten derate general enquiry has been 11,030,000 bushels

Prev. Testerday dealt with, and most of this has

Closing Closing been for the purpose of keeping tered pre-Bureau report liquida New York Cottonci in touch with price movement-tion "Spot houses were moder-October. Buyers appear to be adopting &ate sellers of -October

"Cotton: There was some scat-

Con-July

cotton. December cautions policy but

11:25 at the moWeather conditions are perfect January (1936) to be little ¡ment there appears

"Rubber: The market was marMarch Incentive to act speculatively. row, sorely feeling the absence of May

Reduced Indian Enquiry

įspeculative participation. From India enquiry has been suming and statistical news is Spot on a much reduced scale and ac-good. Total sales: 191 lots

New York Rabbers--- - companied by few practicable of.

"Flash: Average daily produc-September fers Calcutta has bought a few tion of petroleum for the week December dhooties, prints and light whites, ending August 3 was estimated at January odd lines of medium mulls and 2,634.000 barrek compared with March fancies have been

by 2,735,000 barrels the

previous May (Continued on Page 7)

taken

Karachi and Madras and a quiet business has been done in dyed goods for Amritsar.

Latest Quotations

From the other markets, Bom-] bay has been rather more active, received by Rester

The following quotations were

but the turnover in general has

On T.T. and demand

4 months' sight

ཁཧ-

Credits 4 months' sight ... 2

On Shanghai

On demand

138

11.26

11.32 11.25

On Singapore—

1124

$11,000,000 On demand $655,000 On Japan- #32:170,492

88%

7118

1LIS

On demand

174%

Antamoks 76 cts- 32-

11.14

11.15

11.08

11.03.

Balatocs $18 n

11.95

1185

London Banken: Lloyds Bank, Lád.

Foreign

On T. and demand

1364

Baguio Gold 22. cts, a.

Exchange and Banking On New York.......

On demand

1216

11.93a

Credits 60 days" sight

514 5314

12.39 12.17

12:47 12.23

On Batavia---

12.60

12.38

On demand

༡...9

∙12.506

On Paris

Chicago Wheat:—

On demand

LOOK POONG SHAN,

Chief Manager) On Saigon---

Credits 4 months' sight

72% 8174

On demand

*

On Manila

Kailan Mining Ad. 12/6 n. Langkats (Single) Sh. $14 n

September December May

·90 923%

90%

9214

94

947%

On demand

1024

Armstvedam Antwerp

THE BANK OF EAST ASIA, LTD. AMERICAN EXPRESS COMPANY,

Authorised Capita Paid-up Capital

$7,000,000.06

--€ 5,784,800.00

Route and Tndivided. Proda -y-$ 2,480,006.06-

HEAD OFFICE:-BOM TONG

22 Bay Tomate Road Chatral.

BOARD OF DIRECTORS:-

Sie Shoo Cve, Chi men,

Li Soen Chus. Ex P. Fok, Eas

Foot

Yum Tonz. E. Chan Chine, Work, Ema, Tu Ima

Hang Esq. Thong Cha Son. Euy, and Bao Ying

Im Tone Po. Fing- Cher! Yongne.

Li - Foca. Emma. Slanger,

BRANCHES AND AGENCIES A

Main Chan

Vanki

Capital Sp:glus Reserves

Partit.

Amor

Porthay

Ki

Therewith, as my

Bombay

C

New York Sumden.

Spare

Haiphous Hacker

T

zutow

Branzia Cairo Calcutta

www.y

Hanoiule

Taibont

-Finnes

Alerobo

Themes

Sobe

Tokyo

Kowi

Loudon

BRANCHES:

TIMEOR Giancar The Race Hamza Hanburg

On Bangkok--

On demand

89%

"Shai Exploration Sh$4 a.

Shai Loans, Sh. $54 n. Ranbe $74 n.

Prev. To-day′′3 |

Chicago Cer----- September

75%

76

+Lose

Gloss December

59%

5934

May

60%

61

INC

Sovereigns bank buying rate 2/1%

Venz: Goldfield

Head Office: 65, Broadway, New York

Bar silver per o

20 2/16

Bar silver in Hong Kong

дот

Copper cash

„U.S.$6,000,000.00

Copper cents

дот

par.

HK and K Wharves

$8 #

Docks, etc.

HK and K Wharves

2,181,633.06

870,731.05

Rate of natire interest. 3 pa Chinese Sub Coin Hong Kong sub. coin

$234% dis par.

and some of the standard lawns, NY. Cotton Oct whilst for the Straits Settlements N.T. Rubber Sept (old) demand has been chiefly for light Chicago Wheat Sejz 90% bleaching cloths and fancies. Chicago Com Sept. 75%

African operations have Montreal Silver Dec. 68.85 (new) West

Silver Official Hallen off somewhat this week,

Dow Jones Averages and have been chiefly confined to 30 Industrials 125.64 125.61 03 of heavy types of "bleaching cloths, 20 Rails ... 34.63 3410 53 of and printed goods.

496

1144

4.964 Winnipeg Wheat:—

12.16.

11.98a

August

844

847% -

90%

New York Sugar:—

78-

No.1 Na 3 No. 1 No.3

68.61

Cen. Con Con. Con.

67-3/4

-60%

Sept.

Dec

2:30 2.25 2.30 2.26

2.24 241 224-243

Tan (1936) 2.14m 203. 21ên 2.04

$11 2496 15 of 96.65 96.60 04 up

March

2.05

2.05

No

Prom

Panik

Pain

Fridriks

Puerto

Interlaken

Rotterdam Фактира

May

2.30

2.10

New York Sink:

September

1:47

1.45

December

1.46.

147

1.46

1.44

Montreal Silver:-----

Maritime

Vadila

Lucerne INENDO TALO

Teoriza

A Carlo

“Kinzich

#THESTER Tanice Tokobara Zurich

XOMENT

Southampto Sugupore Tatia

67.94

67.76

62.85

68.64

69.10:

68.90m

€9.90

69.85

THE

Jonly been small Rangoon has

booked good quantities of voiles N.T/London

Priso

„Perung

17:

ban Feancis Vascouver Tokobums

Cattery

Every demiption of Basting and Exchange Bussitem trannected... „Laume granted on approved

Current Ass opard in Local and Fland Dugonsta reesined for one year a aborter periode in. Loral and Foreign Curreries -one which will he quoted on applicatica

565 Deposit Boxen To Let

Chief Waangeto

THE CHINA & SOUTH SEA BANK,

LIMITED

(inccrporated in China) Head Office ...Shanghai

Capital

Reserve

Branches

$7,500,000.00

$1,500,000.00

All Important Cities

Exchange

in Chink

ant-Generat

Fornicy Basi inatted,

Zanking

Carrent and having. Accoun's opened and Fiard Depositspezired for ane you or aborter perioda

at Tales winch will be quitel en application.

NOU Z. CHANG:

BONG BONG BEACH

$. Des Forex Bosi, Contrai.

Manager's Of

Foreign Fachange Dept.

Geome! Ofis

Cashier's Offe

-Toi. FIN

*

品

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Capital (fall paid-up) Yen 100,000,000 Reserve Fond

Yen 125,800,000

Head Office: YOKOHAMA,

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Nagasaki

Nagoya New York

Osaka

Paris Priping

Dairen (Dalny) Rangoon Penghien Mukden) Rio de Janeiro

Hamburg

Hankow Barbin

-Honolulu

Szinking

Karachi Kobe:

London

Los Angeles

Manil

Moj

San Francisco

Seattle

Semarang

Shanghai

Singapore Surabaya

Sydney

ingkow

Interest Callowed for Current

Deposits received for fixed periods `st rates' to be obtained on appl

COSKISEN

Hong Kong 11th March 1987

Copenhagen Thindi

Flis burch "Firesses CATESS

Irroraketti Loone Tro

All classes of Commercial Banking Transactions undertaken

NEW YORK STOCK

EXCHANGE

Latest Quotations

Anginst 7. The following quotations, were ze ceived by Beater:-

Last close 10.20 11.00

August. S. 496 496% 4.96

11.39

11.14

1131

12.39 12.33

22.35

11.44

Branches of American Express] Company in Principal cities of United NY/Landon

XY. Cotton States of America and Canada,

Ocz May NY. Rubber

Dec. C Wheat

Sep Dec. The Company offers to intending Travellers the use of its "Travellers C. Corn Sept. 75%

Dec Cheques" and Letters of Credit and..

59%

-Personal handled.

investment

accounts

406

90

in addition, the world-wide services STOCKS:— of its thoroughly equipped Travel Amer Smelting 43

Con Gas NY. 30% Department,

Elee Bond &

$74

HK and, W. Dock $5% 12. Providents (old) 85 cts. Providents (new) 20 eta, Đầm Hong Kew Sh. $240 n.. New Engineering Sh. $4 n. Shanghai Docks Sh.$78 n.

Cotton Mills Ewo Cottons Sh. #7. Shanghai Cotton (old)

$65.1

Shanghai Cotton (new) $40 Zoong Sings Sh. $51⁄2 n. Wing On Textiles Sh. $25 n. Lands, Hotels, etc.

Occasional Lots Most of the South "American markets have Bought occasional lots of cheap prints and dyed cloths, with a few miscellaneous Sb.jstyles of fancies. The Scandina

H.K. and S. Hotels $3.80 n HK Lands $29 n. HR Lands 4% Debentures

100% A

Shanghai Lands Sh. $2034 n Metropolitan Lands Sh. $10 Humphreys $10 & HK Realties $4 1 Chinese Estates' $88 a. China Realfies Sh3⁄4 m. China Debentures Sh.$123 1.

· Public Utilities H.K. Tramways $124 b. Peak Trams (old) $13⁄44_n. Peak Trams (new) 35% më Star Ferries $76% b.

434

305

-30%

E. W. DUGGAN.

Manager

Share General Motors 41%

13

41%

Int. Tel & Tel 10%

10%

Loew's Inc.

3974

99%

Yaumati Ferries $17.60 *.

Montgomery

Ward

C. Light $81.

N.T. Central

20% 203

20%

Macao Electries $2244 n.

47 47

42

Sandakan Light 3 s..

THE WING ON BANK Standard Oil

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 transact-

ed

Current Accounts and Savings Ac

XJ

U.S. Steel

$24

12

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have counts opened. Fixed Deposits re received the following Straits. Cur-i ceived at rates which will be quoted rency quotations from Singapore on application Special rates given for Bax Rubber: Sex Special deposits

Buyers Sellers Trusteeship and Executorship · na- dertaken. Safe Deposit Boxes or Spot. 19 % Down 4 19 Oct./Dec. 20 % Down 20 Jan./March-

(1936) LI SEU FONG)

20.% Down 4 21 Asst. Manager | April/June

(1936) 21 Down 21 % Markets--Dall

Lire.

PEILIP COCKCHIN

Chief Manager

L. GOCKCHIN Asst. Manager.

STELE

SHANGHAI COMMERCIAL & SAVINGS BANK, LIMITED- (Incorporated in China),

Capital paid u

Beserves

$5,000,000. $7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000.

Shanghai

Head Of

A Bank having as its mission the industrial development o China and the fostering of her COMMETTİNİ reistions shroad.

Is It Insured?

Insurance All Claseca LOWEST RATES.TM.

Underwriters American A

Fol Inc SA.

· General Agentą.

Head Office 17. The Bund

Shangha

HI User

H-K Electric $58

vian countries have placed one or two substantial lines of greys for finishing-

20 Utilities 40 Bonds 11 Cozmzocity

Indeer 54.00 53.97 .03 on Business Done:-1,390,000 shares.

POSTAL PACKET AGREEMENT March

-CHINA MAIL" SPECIAL September Berlin To-day-The exchange December of the ratifications of the postal Janary

the March

REICHSMARK QUOTATIONS

Exporters to Egypt and the packet agreement between Near East have had offers for Reich and Soviet Russia, signed on bleached goods but only a sparse Marth 7. 1935, took place yesterday trade has been done. Dominion at the Foreign Office. The agree markets have lent only a poor ment comes into force on Septem

Berlin, To-day. Reichamark support, and the Home Trade ber and continues as long as the quotations (without guarantee) houses' demands, though varied, treaty between the Reich and the are: New York 40.33; Paris,

Soviet Union, signed on m. have been only scrappy."

October 609 Amsterdam, 59.60; and Lon- 12 1925-Trans-Ocean Service. don, 12:29 The Paris sterling quotation is 7495, and the dol-

SUGAR INDUSTRY TO PLAN OF CAMPAIGN OUT LINED, 1511--Trans-Ocean Service.

BE ORGANISED

Restriction Plan Proposed

Brussels, To-day.

(Continued from Page 1)

።

The banks take the position that cotton. even if for war purposes is a commodity transaction which they may properly finance.

It is reported that the credit The Vingtieme Siecle says that would be a short-term operation representatives of the sugar in which might be handled by the dustry of seven countries, Cuba, bankers for acceptance on the

Telephones (old) $20.85 s ex Czechoslovakia, Poland, Hungary, market Benter.

div.

".

Telephones (new) 18:20 12 China Bases Sh. $111⁄2 m. Singapore Traction 20/6 b Singapore Pref. 22/6 b..

Industriais Malabon Sugar $81⁄2 1. Caldi Macg (Ori), Sh. $19%

Ih

Cald: Macg. (Pref), Sh. $13 n. Canton Ices TLS 1. Cerments $4

HK Ropes $2 m

Stores, etc.

Dairy Farms $151⁄44;8 Watson $3.35 n Lane, Crawford 13-1 Mackintosh: $71 Sinceres $4.70/=. Wm. Powells 70, eis. 12. Wing On (EK), $55 m.

Miscelareous

H. K. Amusements $1.25. Entertainments $4 1. S. C. Enterprises: $1.35" Macao “Greyhounds. n. Constructions (old) $1.10 1. Constructions (new) 25 cía- ner Vibro Plling $

Ch. Girt: 59% 1925 – GIERU

Govt. 4% Loan

prem. bi

Wallace Harperation.

agreement.

arbitrator.

Everything

gone.. BUT YOUR

SAVINGS

RENT

states that from

FOOD

CLOTHING

Belgium Peru

COMING-CONFERENCE and Germany,

A Paris message which adhere to the Chadbourne restriction plan, have agreed to subject to confirmation form themselves inte an inter-Rome, it has been arranged that the three-party conference on the national, committee, the aim of

Abyssinian dispute shall be held | which will be to maintain and en- there. M Politis, the Greek courage close relations and facilitate efforts to reach a world Premier, has agreed to be the fifth

BRITAIN'S STRONG PROTEST It is hoped that Java, which

A London message states that it] denounced the Chadbourne plan was revealed yesterday that the expiring on September: 1 will be British Government made a strong persuaded to join in a new agree-representation to the Italian Am ment Renter

bassador a few days ago against the constant attacks

Great Britain by the Italian press. The

the protest to Rome. No reply has as yet been received t ETURKISH GENERAL'S RECALL

A message from Istanbul states that General Webbi Pasha is no longer acting at Addis Ababa uzder oficial in- share market continued structions from the Turkish Goy-

GERMAN SHARE Ambassador undertook to convey

MARKET

Quiet Conditions Continue

“CHINA MÁIL - SPECIAL

Berlin. To-day.

let yesterday, prices tending to emment, and he has forfeited his

securities Turkish citizenship Beuter.

Fixed Intere

at abo vels as on Tuesday

confied

Stat

Joans

same

Je

An earlier message" "from": "Az- business. Den gora dated August 5 stated that narrowia Turkish General of the name of Wehbi Pasha was in Addis Ababa,

and had-been-instructed- Türkish Government, internal De- fence Department to offe vans- vices as official instruct Abyssinian Airy.

---

HEAT

TA

WATER

CHITS

སམས་ནས་

SAVINGS

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UNDERWRITERS

SAVINGS BANK FOR THE FAR EAST.