1935-08-13 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital Issued and Fully Paid-up Reserve Funds?

Sterling --€ 6,500,000 Silver ... $.0,000,000 Reserve Liability of Pro-

_prietors

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

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

BEAD OFFICE HONG KONG.

BOARD OF DIRECTORS.

6. Dodwuil, Esq. Chairman,

CC Inight, Engi`

Deputy ChairREDA

V. M. Grayburn. Jaqu

Chind Manager

20,000,000 Reserve Fund

HEAD OFFICE: LONDON Paid-up Capital

£3,000,000

£3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alar. Biar

Amritoor

Daily 1pok

Xangoon

Bangbak.

Sucking

Kang

Fee

Lampar

Xvoking

Madonn

Shanghai Sizespore 5:tiawa Sourabaya Taiping

Manila

Delizi Haiphong

|Hagbow |Harbin **

Hong Lour

Madan

Zongsh

New York

Terping

Thingto

(Peking)

“Tokolacos

Zamboanga

Bemba Calestia Centu W. H. Bell, Esq. F. S. Morrison Estampere

Cebu M. T. Johnson, Esq. Colenbe

A H. Compton Esq.

Hon Mr. J. J. Paterson,

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

AYOT

BANGKOK

BAZAVIA

BOMBAT CALOUTKA

CANTON

CHEFOO

COLOMBO

DAIREN FOOCHOT

KAIPHONG

HAMBURG

HANKOW

HARBIN

HONGKEW

ILOILO

IPOE

JOHORE

FORR

KOWLOOK

BRANCHES

LONDON

LTOSS

MALACCA

MASTLA

MTAR (Johor)

MUKDEN

-1

NEW YORK.

PELPING

ENANG

RINGOON

SAIGOS

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPOK

SOURABAYA

SUNG ET PATANI TIESTSIN

TOKYO

SINGTAO

*. TOKOHAMA

Carret Arsen opened in Local Currency ad Fizzed Deposite received for one year of shorter periods in Lonal Currency and Sterling on team which will be quoted on application.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

* Busites of the above Bank is condues

ad by the HỤNG KONG AND SHANGHAT BANKING CORPORATION.

obesined on application.

Boles may be

FOR THE HONG KONG AND SHANGHAI" BANKING CORPURATION,

T. M. GRATETES,

Chief Manage.

Hong Kong. th February, 1935.

Kohe

Post

(Bhaker)

THE CHINA MAIL, TUESDAY, AUGUST 13, 1935

Commerce and Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

The local dollar declined 30

demand this mor opening on ning at 2/05-

Spot and forward silver prices fell 1/16 to 30% and 30-3/16| respectively.

The London on New York cross- rate was quoted at US$4.974. as compared with £—US$496%. while the New York on London

Formiga, Exchange and Genersi Banting, business) cross-rate was 5-US$4971⁄44, 28

trannacard.

Can Accents opened and Find Depois compared with US$4961⁄2-

| zvenivad for stu, year or shorter perioda, es zuber

which will be quoted an application.

AEREARLET."

Manager.

Hong Kong, 1st January, 1935.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office:----Hong Kong-

Authorised Capital

Paid-up Capital

Total Resources

$11,000,000

EXCHANGES:

TO-DAY'S QUOTATION

On London-

On TIT. and demand

4 months sight

On Shanghai-

On demand

·2/-3/4

2/3

Credits 4 months' sight.. 2/1%

8,855,000 On Singapore--

32.170,492

On demand

On India-

Branches: Canton, Taishan, Shanghai. On Japan... Hankow, Bangkok & San Francisco. On demand 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 rates which will be quoted on application

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

THE

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

LOCAL SHARES

TO-DAYS QUOTATIONS The following is the list of local share quotations issued to day

Bankn

HK. Bank $1045 b.ex. HK Bank (London)

ex div

NEW YORK STOCK MARKET Prospects Of Further

Recovery

SELECTIVE" SWITCHING -

ADVISABLE

BERLIN SHARE MARKET Buoyant Tendency More Marked

CHINA MAI

HAL

Berlin, To-day...... Business was quiet yesterday,

BEER BREWING IN CANTON

Installation Should Be Ready Shortly

AERATED WATER MACHINERY

NOW ON WAY “

Canton, To-day. In their market report. Messrs-but Saturday's bucyant tendency S. E. Levy and Company, Corres" was even more marked many The work on the buildings of pondents for Messrs. White Weld prices showing further rises the drinking liquid plant es and Company. New York, state:- brisk demand developed for GerItablished by the Reconstruction "Stocks: Standard Statistics man Linoleum and General Elec Department at Saichten" is now that although corrective tric shares, which advanced 1% fast proceeding. Eighty per cent. div. states

of it has been finished and the 110 reactions are probable, the main-and. 1% respectively.

tenance of an investment attitude Fixed interest securities re-

Chartered Bank £13% 2. Mercantile Bank A and

£291⁄2 TL

Mercantile C. £127.

Bank of East Asia $76.

Insurances

*

Canton. Ins. $203 n. Union Ins~$370 b. China Underwriters 10 cts. D. China Fire Ins. $382, 1. HK Fire Ins. $190`s. International Assce. $å n.

Shipping

Douglases $36(1- HE. Steamboats $4 në Indo-Chinas (Pref); $30 n. Indo-Chinas (De); $12 n- Shell Bearer) 76/3 n. Union Waterboats $11.

Mining

Balatoes $18

Big Wedge 8 sts. L

Gold Creek 30 cts. z.:

is justified in view of prospects of mained very dull, prices being whole plant is expected to be

Call money was at completed within this year, B further recovery in industrial unaltered.

Selective switching is 24 to 2 per cent-Trans-Ocean activity. advisable. Legislative dangers are Service..... still encounterable, but the political situation is now less Business dane: 2,430,000 shares...

Two departments, namely, beer. land aerated water, will be er tablished at first Half of the Imachinery of the beer depart-

disturbing TRADE AGREEMENTS ment, which arrived here in May,

accumulation

"Wheat: Week-end hedge offer- lings found limited buyers. · Coo- tinued bullish crop and harvesting reports suggest an for profit when the crop movement Total sales: Wheat: 35,- 428,000 bushels. Corn: 8,230,000 bushels.

WITH EUROPE

Australian Minister's Tour Of Inspection

has been installed, and the rest will probably be completed at the jend of next month. The machin- ey of the aerated water depart-

ment has been ordered abroad A portion will arrive some time. next month-Central PresK.

MOTHER AND SON KILLED

Railway Tragedy At Crossing

~ CHINA MAIL ~ SPECIAL

Berlin, To-day. "Cotton: The opinion is express- ed that there will be no Joan -un- Sir Henry Gullett, Australian less prices decline to below 10% Minister without Portfolio, special- [cents. No final action is likely be-ly empowered to conduct trade fore September 15, or possibly agreement negotiations, is at pre- later.

sent staying in Berlin, "accom~ "Rubber: We anticipate more panied by two officials from the aggressive buying in the near Australian Trade Ministry and future and we favour accumulation Customs administratio of distant futures. Total sales: After having made

a lengthy

110 lots.

visit to London Sir Henry is now "Flash: Steel mill activity dur-travelling in various European ing the past week is estimated at countries with which Australia in-į 48.1 per cent. of capacity, against tends to conclude trade agreements, Wadsley Bridge and Oughtîbridge recently by an expresa train 46.0 per cent. the previous week" and the object of his Berlin visit

Latest Quotations

Sheffeld.

A mother and son were killed on

LNE the

failway between

chester."

is to explore the possibilities of travelling from London to Man making such an agreement between Australia and Germany-Trans-

The following "quotations were Ocean Service. Ireceived by "Renters

Prev. To-day's close, close

NY/London

1372

$8

Antamoks 76 ct. 1.

1732

Bagnio Gold 22 cts. n.

On TT and demand On New York-

135%

Benguet Consolidated $12.20 n. Benguet Exploration 12 els n. Benguet, Goldfield 10 cts z

On demand".

51

Credits 60 days' sight

53%

On Batavia...

On demand

.74%

Gold River 5 ets. n. Ipo Mining 907 cts. E. Itogons 36 cts, 1.

On Paris

On demand

717

Chief Manager

Credits 4 months' sight.

312

On-Saigon

-On demand

762

Salacots 12 cts. Am Kailan Mining Ad 12/6 n. Langkats (Single) Sh. $14 a -Shai Exploration Sh.$471⁄2 »

S'hai Loans Sh. $51⁄4 a.

On Manila

On demand

102

Rauba $74. m.

INC.

On Bangkok---

Venz: Goldfield $2.90 m

Docks, etc.

497

$20,000,000.00 5,508,60G,OF

On demand.

90%

Head Office:65," Broadway,

New York -

Sovereigns bank buying rate 2/1

HK and K Wharves

*$78.0

NY. Cotton Oct. (old) NY. Rubber Sept. 12.01

11.22

11.09 12:03

Bar silver per oz.

30%

Bar silver in Hong Kong

Hom

U.S.$6,000,000.00

2.183,633.06

Copper cash

Dom

870.731.05

Copper cents

par.

EK. and W. Dock $61⁄2 b. Providents (old) 65 cts. s.

cts. st

Chicago Wheat Sept. 89% Chicago Corn Sept. 75 HK and K. Wharves (new) Montreal Silver Dre 68.7

$74% 1.

Silver Official

67% Dow Jones Averages

872 74% 68.35 67%

BRANCHES:—

Áryterðaza

Genos

Vilan

Afftwerpt: Athena..

Kapine

ĀRAZI

Amoy

Batavia

Kelbourne

Bombay

Suganaki

Calcutta

New York

· Szagaporn

Basle Berlin Tomthey Remre Frunzele Cairo

+

Canton

Отеля

Bombay

Haiphong

Paris

Swatom

Fiaskow

Pripize

kydory

Honiga Kobe

Loulou

PROME

Raturvoe

Saigon

Toky

ban Francines

FARODU

Yokobac

Authorised Capital

Paid-up Capital

30. Des Your Bond Central,

Reserve and Undivided Profa.32680,006,00

HEAD OFFICE: HONG KONG

BOARD OF DIRECTORS—

Bir Shou-ega Chew, Chai nan.. Leon Chus. Eng., P. B. amok. Eng. Toog Yun Tong, Eng Chan Ching Shark, Eng. 14 Lan Sang Enq Foog Chu Son. Eng. and Ken Ying

Pa Ear

I TOOK Po. Esq. Chief Wanneer.

Li The FORS. Eng. Meansw.

BRANCHES AND AGENCIES:-

Capital Surplus

Reserves

Festile

Bemarang" Shangha

Tiboins Timin

-Every description of Basking sod Exchang busiem. Tacscled. 'Loans, pasted on approved

securitie

Current Accounts opened in Lonal Currency od Fixed Deposits received for your of shorter periods in Local and':Forrige Currencum en terms which will be quoted on application

Sale Deposiz Bose To Los

EAN TONG PO.

་

-

Chief Managet.

THE CHINA & SOUTH SEA

LIMITED

(Incorporated in China) Head Office Shanghai Capit:1

Reserve

$7,500,000.00

$1,500,000.00

Calcutta Canne Colombo Coproberen Thiblin Edinburgh Florrace Gepers

The Flare Havana Faveburg Hi Rüdelbere Interier Jermaniem Inodor Ljerpool

Luchtbe Lugano

Istor Mamani Bonte Carlo

Manila

Munich

Konzenz

Faris Priping

Rotterdam Rome Shanghal Socihampros Singapor

•Tientsin Tarozion

Viental, Venice

.

Tokohama Zurich.

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

accounts

The Company ofers to intending BANK,|Travellers the use of its "Travellers Cheques and Letters of Credit and addition, the world-wide services

BranchesAll Important Cities

in China

Formige Exchange and General Backing

Benizens tr

• Current and Saving Accounts apagad soď' Fixed)

Deposits and for gave you a shorter perioda

in

of its thoroughly equipped Travel Department

Rate of native interest .. 3% pa..

33% dis.! Chinese Sub. Coin Hong Kong sub, coin

par.

NEW YORK STOCK EXCHANGE

Latest Quotations

August 13

The following quotations were re ceived by Renter:-

Last close 70.20 11.00 NY/Londom 4.97 -497497Y N.T. Cotton

11.22 11.12 11:12 Oct Way

10.89 10.92 10.99 NY. Rubber

12.21 12.29 12.2 De Chicago Wheat

Sept

ad Dales which will be quoted of aplication THE WING ON BANK NY. Central

SOU 2. CHANG.,

Manager.

HONG KONG BRATCH:

24. De Tomaz Road, Central

Foreign Earbage Dept..

شهرين Gural

Cashier's Of

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880 Capital (full paid-up) Yen. 100,000,000 Reserve Fund... Yen 125,800,000

Read Office: YOKOHAMA

Branches and Agencies at:

Alexandria.

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Daly)

Nagasaki

Nagoya

New York

Fengtien (Mukden). Rio de Jeneiro

Hamburg

Hankover

Harbin

Hong Kon

Honolulu

Hsinking" Karachi Kobe 1 London

San Francisco

Seattle

Semarang

Shanghai

Sonrabaya

Providents (new) 20/cts. n. Hout Kew Sh. $240 m : New Engineering Sh. $4 n. Shanghai Docks Sh$78 n.

Cotton Mills

Ewo Cottons Sh. $7 D Shanghai Cotton

$65

cross-rate

4.974

.06 mp 55 30 Industrials 127.94 199.00

35.46 36.00 54-up 20 Rails:... 20 Utilities.-26.80 26.91 1 up 40 Bonds.** 96.78 96.69 · 09 out 11 Commodity ·

Index

35.19-

Business Done-2,430,000 shares.

SUGAR FACTORIES RESUME WORK

Stoppage Caused By Lack Of Cane

Canton, To-day.

They were Lily Wood, 31, of Darwin-road. Hulsborough, and Albert Wood, 7. The boy, it is believed, was alive when picked up with severe injuries.

The place where the victims were found was about 40. yards from a pedestrian crossing over` the railway at Beelwy Wood,

known as White Rail Crossing.

The Sun-cho and Sze-tow sugar 107, AND REFUSES refineries resumed operations on Sunday after a suspension of a few months due to lack of sugar

canes.

The refineries are making white sugar from local raw sugar bought from different parts of

(old) sh COMMODITY PRICES the province. The total quantity of

Shanghai Cotton (new) $40 m. Zoong Sings Sh. $82 - Wing On Textiles Sh. $25. Lands, Hotels, etc.

HK and S. Hotels $3.70 n. HK Lands $29 1.

C. Light $8.45 m

sugar refined by the two factories

TO DIE

Oldest Inhabitant In Cape Province

Wellington, South Africa.

the "Old Penguin,” aged 107,

The following quotations have daily is about 2.500 piculs, which oldest man in the Cape Province, will be sold in this province and has been run over by a car and is been received by Reuter.

Prev. Yesterday Shanghai where a stable market in the Paarl Hospital Closing Closing has been established for Canton "I refuse to die and now they

sugar

January

March

91%

Central Press.

BACON INDUSTRY IN BRITAIN

Board To Regulate Production

London. To-day.

An order has been issued un-i

Agricultural Marketing Act to bring into operation on September 17-the bacon develop! ment scheme," which completes! the plan of reorganisation of the bacon industry, by the establish- ment of a board which will li- cense

attempt to kill me by running me over with a car," he san

Everybody knows him, and he is the only man in the town who can make as much noise on the streets as he pleases without having to fear the police.

gone.

Everything

BUT YOUR

SAVINGS

New York Cotton:

October

1122 11.09

HK Lands 4% Debentu

100%

December

17.09

10.95

Shanghai Lands Sh. $20% 2.

January (1936)

1105

10.92

March

10.99

10.93

Metropolitan Lands Sh. $10

n.

May

10.99 10.94

Humphreys $8 3.

July

10.97

10.91

Dec.

89% 91%

-882

HK Realties $4 n.

Corn Sept. 75

90%

Chinese Estates $88 n.

Spot

11.60

11:50

Dec. STOCKS

5812

56%

China Realties Sh$4 n. China Debentures Sh.$123 1

New York Rubl

September

12.01

12.03

Amer Smelting 431⁄2

43%

Public Utilities

December

12.21

12.24a

E. W. DUGGAN..

Manager.

Con Gas NY. 224 Elec Bond &

Share

1734 General Motors 45% Int: Tel & Tel 12

32%

17%

45

16 45

1224

Loew's Inc Montgomery

Ward

39%

39%

395

H.K. Tramways $12.65 b. Peak Trams (old) $754_n. Peak Trams (new) 15% n Star Ferries $762 b. Yaumati Ferries $17.60 n.

12.28

12.31

der the

12.43

12.45

May

12.55

12.57

Chicago Whea

35% 35

September

89-48

223% 224 225

47

47% 442 443 444

$December

872 8934 91%

May

92%

Chicago Com

September

75

December

58

May

5934

74% 55% 55%

Winnipeg Wheat; August

84%

8214

New York Stiger:-

TAXES

sept

Dec (Jan. (1936) 2.20

March

249 2.30 2.52 232

210 221n 210

DAIRY PRODUCE

WATER

211

216

211 217

Britain the World's Best Customer

To-day

LIMITED.

Fend Office: “Hone, Kong

26, Dee. Vanje Road Contra), Authorised Cavital $10,000,000

LONDON-BANKERS:—— Westminster Band: Ltd. Foreign Exchange and every des- cription of banking business transact

Standard On

NJ. US Steel

RAW RUBBER PRICES

Latest Quotations From Singapore

Current Accounts and Savings Ac Messrs. H. B. Joseph & Co have counts:opeaed. Fixed Deposits Te ceived at rates which will be quoted received the following Straits Cur- Special rates given rency quotations from Singapore plication

for Raw Rubber:-

for Special deposits,

Trusteeship and Executrship tun-

| Aortaken-Safe Deposit Boxes for

bire

PHILIP GOCKCHIN Chief Manager

LI SHU FƠNG Asst Manager

L. GOCKCHIN BAsst.“M:

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital “paid:up

Spot 19% Down 3⁄41⁄2 3, 19% s October-December 20% Un-

changed b., 20.5 January-March Un-}

changed b. 2134

21% Un- April-June (1936) changed b., 2276: Market: Steadie

Is It Insured?

HK Electric $59 b., $3932

$59/59 saj Macao Electrics $221⁄2 n Sandakan Light $3 s. Telephones (old) $201⁄2 3. Telephones (new) $8.20 n

China Buses Sh$114 Singapore Traction 10/6 n. Singapore Pref. 22/6 b..

Industriels

Malabon Sugar: 381⁄2 3% Cald: Macg. (Ord), Sh. $194

Cald: Macy. (Pref.). Sh $18 Canton Ices $1.80 m. Cements"$34 ́8. HK Ropes $21.

Stores, etc. Dairy Farms 15.40 n. Watson $3 Z Laise, Crawford $3 n. Mackintosh $72 Sinceres $4.70 1. W Powells 70 cts. n. Wing On CEK.) $65 TL

#Miscellaneous

K Annsements $1.85. tertainments: 44\n=

Enterprises $1.85 1

May

bacon producers under such conditions as it finds neces- sary for promoting efficient pro- duction or preventing or reducing excessive production.

The board will consist or 11 members appointed by the Min- ister of Agriculture and four each by the already existing Ba-1 con Marketing and Figs Market

No.1 No.3 No. 1 No.3 ing Boards, British. Wireless

Can Com Con. ConService."

2:37 233 237 2:33

New York Silk-

149-155 1462 15 1467 1.53%

report published by the Im perial Ecop that in 1934 the Unit was again

September

Decemb

March

Montreal SIV

Sep

67.80

67.66

tomer for

Dec

68.70

68.35

68.95n 68.65m

March

69.90 69.30

of the

REL

QUOTATIONS the

King

RENT

FOOD

CLOTHING

HEAT

CHITS

SAVINGS

SAVE SOLETHING!

"START NOW

UNDERWRITERS

SAVINGS BANK FOR THE FAR EAST,

Flow Current Ac-