1935-08-14 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

Authorised Capital

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA...

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

Reserve Funds

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

prietors

HEAD OFFICE HONG KONG.

DOARD OF DIRECTORS.

B. Dexiwali Eng

Chairma

C-C. Knight, E...

Deputy Charman

E. M. Grayburz, Esq. Chief Mannger.

HEAD OFFICE: LONDON Paid-up-Capital”.

•

$3,000,000

20,000,000 Reserve Find

£3,000,000

Reserve Liability of Pre-

prietors

£3,000,000

Agencies and Branches:

Alor Star

Deio

Kangoon

·AMESAK

Ipad

Sabron

Semazant

Seremban

Shanbai

Bangkok

Bateria

Bombe

Caleesta.

Caston

Kamchi

Klag

Singapore

Kobe

Szala

* Lumpur

Sitiawan

Kurking

SCOTECA

Madina

Taiping

Manila.

Tienskin

Delhi

Keda

Haiphong

See

Tack

W. H. Bell, Esq, 5. S. Morrison Esq, por M. T. Johnson, Esq. Coonho

AH Compton Esq.

Cabe

Hon. Mr. J. J. Paterson, Miskin, Esq. T. E. Pearce, Esq, Hamburg

ΑΚΟΥ

BANGKOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

COLONBO

DAIREN FOOCHOW BAITHONG

HAYBURG BANKOW

HARBIN

HONG KEW

ILOILO

POBL

JOHORE

KOKE

XOWLOON

LONDOS

BRANCHES —

LYONS

MALACCA

MANILA

MUAR (Johor)

MUIDES

NEW YORK

PEIPING

PENANG

BANGOON

SAIGON

SAN FRANCESCO –

KUALA LUMPUR

SHANGRAT

SINGAPORN

SOURABAYA

SUNGE PATAKI TIENTSIX

TOKYO

OYLONISE

YOKOHAMA

Curerat Arenate opened to Local Currency

and Frame Theponite servived for the same or shorter periods in Local Currency and Sterling one bi will then gerosme on application.

Hong Kong, 6th April, 1935.

·HONG KONG SAVINGS BANK

4

The Burniture of the abom Park in conduct

ed he the HONG KONG AND SHANGHAI BANKING CORPORATION,

obtained on apnination.

Rule may be

FOR THE PONG-KONG AND SHANGHAI BANKING CORPORATION,

V. M. GRAYBUEN,

Chief Manager

Hong Kong. 24th February, 1235.

Authorised Capital

Paid-up Capita

Broers sad Codvidet Prote

Banion Harbic Bong Tong

Piping

(Pelang)... Panens

Impha

(Bauler) Tsingtao Yokohama Zamboanga

Forsign Exchange and General Banking beadnew

transazied.

Cursor Accounts opweed and Fixed Depot | received for our year or shorter periods at rates † which, will be quoted on application.

A. BREARLET.

Manager. Hong Kong, 1st January, 1995.

THE CHINA MATES WEDNESDAY, AUGUST 14, 1935

and

Commerce

Finance

LOCAL DOLLAR DECLINES

Silver Prices Fall

The local dollar declined opening on demand this mor ning at 2/

Spot and forward silver prices fell 3-16 to 29 15/16 and 9.15/16, respectively..

The London on New York cross- Trate was quoted at US$97%,

as compared with US$497. while the New York on London cross-rate was £ US$4973⁄41⁄4, as compared with &US.$497¥1⁄2- -

EXCHANGES

TO-DAY'S QUOTATION

THE BANK OF CANTON, LTD. On London-

Established 1912.

Head Office:-Hong Kong.

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

|Paid-up Capital

Total ResourCES

On-demand

8,655,000 On Singapore- 32170,492 On demand

Branches: Canton, Toishan, Shanghai On Japan............ Hankow, Bangkok & San Francisco.

London Bankers: Lloyds Bank, Ltd.

Foreign Exchange and Banking! On India- business of every description trans- acted

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

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG SHAN,

Chief Manager

THE

On demand

4934

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banky

H.K. Bank $1055 b.

HK. Bank (London) 5112 m Chartered Bank 413% n. Mercantile Bank A. and

$29-34 1

Mercantile C. £1236. Bank of East Asia $764 1

Insurances

Canton Ins. $203 IL. Union-Ins. $575 b China Underwriters 10 cts. I. China Fire Ins. $382 HK Fire Ins, $190 - International Assce. $4 a

Shipping

Douglases $36 n- EK Steamboats $4 n. Indo-Chinas (Přef), $30 n Indo-Chinas (Def.); $12 m Shell (Bearer) 76/101⁄2 - Union Waterboats $111⁄4 n

10

Mining

Antamoks 76 cts. b

Balatoes $18 n.

Baguio Gold 24% cts..b.

Benguet Consolidated $1210

Benguet Exploration 12 cts. n Benguet Goldfield 10 cts

DUTCH TRADE WITH CHINA

BRIGHT FUTURE

FORESEEN

China's Progress Praised

Surabaya.

NEW YORK STOCK MARKET

General Market Still Good

UTILITY SECURITIES SHOW POSSIBILITIES

MANCHESTER MARKET

Values Fairly Well Maintained

STEADYING EFFECT IN AMERICA

In their market report. Messrs.

Messrs. James F. Hutton and S. E. Levy and Company, corres- There is a great possibility of pondents for Messrs. White Weld Co., Ltd, Manchester, reported as balancing the trade between and Company, New York, state: follows on July 17:

gress

Generally speaking there has

China and the Netherlands East "Stocks: Well-informed Wash- Indies to the benefit of both ington sources believe that Con-been little fresh development in countries, declared Dr. G. H. C

will adjourn, probably within the market situation this week, Hart Director of Economic ten days and that the Utility Bill and trading has been decidedly Affairs of the Netherlands In-is now not likely to pass even in small Weather advices from the United States continue to be Conse-

favourable in respect B. dian Government, in a report its compromise forms.

of nearly on his recent inspection tour in

quently, we feel that the general China submitted to the Nether-market is still good and that Public every part of the belt

Although certain foreign politi lands Indian Government.

cal uncertainties have caused The Chinese, Dr. Hart says, at-Utility Holding Company securities

still contain further possibilities some concert and restricted. trad- tach great importance to Sino-

on the upside. There is some ing on the whole values bave Netherlands trade. Among Chin evidence of an increasing public been well maintained and, price ese products, textile goods are what the Netherlands East In-participation. which requires cau-levels all round show little al-

tionary notice. Business done:-teration to a week ago. (2,360,000 shares.

(Continued on Page 7) ·

Latest Quotations

dies needs most, and what China needs from the island country are tropical products, including cane-sugar, timber, cotton,etc. If the products of the two coun- tries could be exchanged on a tereived by Reater: barter basis, a balance in Sino-|

cross-rate

Netherlands trade could be ef-NY/London fected, which would help greatly towards stabilising the economy N.Y. Cotton Oct. of both countries.

Remarkable Progress.

31.09 10.94

Steadying Effect

· The following quotations Were A steadying effect has been

produced this week by the

from Washington Frer. Today, nouncement

fose close that the Senate had voted for the Agricultural Act Amendment ex- 497% 4913 tending the

Bankhead. Act. through the 1937/8 crop season. Although possibly a larger and more varied enquiry has been re- (ceived this week, the gap between buyer, and seller has often been too wide to be bridged and on the whole only a modest business has been arranged.

•

VY. Rubber Sept. 12.03 11.91 Chicago Wheat Sept. 87% $65% 74% Chicago Corn Sept 74% Montreal Silver Dec. 8.35 R7 Salver Official -----674 Sve

Dow Jones Averages

Dr. Hart points out that re- markable progress has been noted 30 Industrials 128,00 128.09 09 mp in China's industry, but owing to

· 36.00 36.39 39 up 20 Pails

high export

duties, her foreign 20tilities.26.91 2747 36 20 40 Roads 96.69 96.62 107 of trade has been affected. With

11 Commodity

Index

5319 32.46 #3 of cheap labour and abundant raw

Business Domez-2,360.000 shares. materials she could, without much difficulty, produce enough

for her own consumption as well

as offer her surplus goods to the world market, provided that ade- quate readjustment be made in been received by Reuter." her methods of production and

Prev. Yesterday Closing Closing

On T.T. and demand

4 months' sight

2/- 2/034

Credits 4 months' sight 2/14

On Shanghai

135

8534

On demand

169

On T.T. and demand

1323

On New York- On demand

Credits 60 days" sight

51%

Big Wedge 8 ct. -

On Batavia-

On demand

73

Gold Creek 30 cts. n.

Gold River 6 cts. b.

On Paris

On demand

*50

Ipo Mining 90 cts. D.

Credits 4 months”, sight

795.

Itogons 36`cts. n.

Salacots 12 cts. b.

On Saigon-

On demand

744

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

99%

S'hai Exploration Sh.$41⁄2 n. Shai Loans Sh. $54.

her tariff system, Dr. Hart states.

He pays a high tribute to the New York Cotton:-

On demand

9234

Raube $7 b

present

efforts of the Chinese

Sovereigns bank buying rate 2/

Venz; Goldfield $2.30 n.

Government in

Bar silver per oz.

29 15/16

US$6,000,000,00 2,183,633.06 $70.731.05

Bar silver in Hong Kong ... nom. Copper cash

Copper cents

Rom.

par.

(old) construction, river conservancy. March railroad building, afforestation,

May (new)ete which, he thinks, would even Joly

tially stabilise the nation and en-

iSpot. hance commerce and industry.

work along the lines of highway January (1936) 10.92

reconstruction December

October

11.09. 10.95

10.94 10.79.

10.76

*10.93

10.76

10.94

10.76

10.91

10.73

11.50

11.35

New York Rubber:---

September

12.03

11.91

December

12.24a

12.148

12.31

12.19

12.45

12:33

May

12.57.

Chicago Wheats September December May

86% 87/2 893/** 88% "91%

7.4%

55

562

824

$1%

INC.

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

$10,000,000.00 -$5.508.600.007

$2,480,000.00

HEAD OFFICE:-BONG KONG 10. Das Your Bowd Cutral.

BOARD OF DIRECTORS:

Li E Cho Em P. Kwok, q- Theme) Tun Tang. Eng.. Chan Ching Shuk. Eng. Ji Lan Fang. Eng. Woos Chu Son. Fiq. and

Ian Toor Fo. Eaqu. Calf Sarepo Lie Foog. Eng. Kazee".

BRANCHES AND AGENCIES-

Head Office: 65. Broadway. New York

On Manila-

On Bangkok-

Pc. Eat

Fir Shou-mon Chew. Cam zað..

Capital Surplus Reserves

an Zieg

BRANCHES:

Amsterdam

The Hague

Kilan Nine Kaples

"ESTANA

Pir

Hamborg

Parin

Antwerp Arbeas

Calcutta

Bani

3

*Batavia

Meinnure

Bom

Nagmaki

Calcutta Canton

New York

Haiphong -Harkow. Honolulu

Parin

Pener

Sele Semaran Shanghai Singapore Sourabaya Swatom Swelry Taibou

Pambay Bremen

Cairo

Kobe ∙Kowloon London

RELOR

Tizatio

Tokyo

Say Francisco

Vancouver Jokohama

Tripit

Every desciption of Backing and ExchaE IF bumises trageacted Loans grusted on approved securities.

Cannes Colcsbo Copenhagen. Tuhin Edinburgh Florence Gener

Heidelberg Interlaken Jergnalem Erador

Isome Lugano LaFor

Priping

Perind Rotterdam Borde

· Shanghai

Southampton

Singapore

Tentain Taormina

Monte-Carle

Manila Xanich

Varine Jokohame Zurich

Montreux

Branches of American Express

Current Account opened in Local Currency Company in Principal cities of United

and Fized Deposite received for one year of abarter periods in Loral and Foreign. CurrenER

or terme which will be quoted on application.

Sala Deposiz Bosen to Int,

• BAN TONG TO,

States of America and Canada,“

All classes of Commercial Banking Transactions undertaken.

Chie! Manager:

Personal handled

izvestment

Rate of native interest.. 3% pa! Chinese St. Coin ..... 33% dis Hong Kong.sub. coin

par.

NEW YORK STOCK EXCHANGE

Latest Quotations

August 14

The following quotations were sai eived by Eeuters

Last close

10.20-11.00

1973 4973 4.97%

Decks, etc.

HK and K Wharves

$78 1.

H.K. and K. Wharves

$74% n

HK and W. Dock $671⁄2 b. Providents (old) 65 cts. 1. Providents (new) 20 cts. 12. Hong Kew Sh. $240 n. New Engineering Sh. $4 n. Shanghai Docks Sh$78 n.

Cotton Mills Ewo Cottons Sh. $7 n

(old)` Shanghai Cotton

$65 D

Shanghai Cotton (new) $40 Zoong Sings Sh. 381⁄2 n Wing On Textiles Sh. $25 n-

Lands, Hotels, etc..

HK and S. Hotels $5.70 H.K. Lands $29 n.

Immediate Steps

Overseas bayers have shown..a decided tendency to place orders

small carefully and mostly in quantities. One or two of the

COMMODITY PRICES larger Indian houses - have done |business in dhooties and light bleaching cloths for Calcutta. The following anotations have while mulls and prints have been

arranged for Karachi.

Of the other centres Bombay continues to be disappointingly slow, but some of the up-country outlets have shown a little more activity. Colombo has sent pro-, mising bids for dhooties, mulla and white shirtings, whilst a few small transactions have been ar- ranged in volles and lawns for Rangoen.

January March

As an immediate step toward promoting Netherlands trade in China, Dr. Hart suggests:.

of the vastness That in view of her territory, more Nether lands Consulates should be estab- nlished in China, and more com Chicago Carn:

mercial agents should be sent out

September

to various parts of the country-December Commercial attaches should also

May

be created in the Netherlands Winnipeg Wheat:— Legation in China, as is the case Angust with the Legations and E-New York Sugar:- 30.87

11.09 11.06 11.05 10.94 10.89

12212 1218h 7216

N.T/London NYM Cotton

Oct.

May NY. Rubber

accounts

Dec.

C. Wheat

Sept

S

Dec.

THE CHINA & SOUTH SEA BANK, Travellers the use of its Travellers

LIMITED

(Incorporated in China) Head Office...Shanghai

Capital .............

$7,500,000.00

Reserve .....$3,500,000.00 Branches.....All Important Cities

Forrige

Farbance Bainana amarted.

in China

and

General

Banting

Comot and Seng Accounts op-ed and Fized Deponita revised for one year or shorter periods

at retam winch will be goûted on application..

SOU Z CHANG.

HỒNG SONG ĐỊA GI

Bianager.

..Tel. 25585

24, Dina Comox Road, CrossNŮ.

Manager's Cries

Foreign Exchange Dept.

General Office

Cashier's Offics

LIMITED.

The Company offers to intending Cheques" and Letters of Credit and. C. Corn Sept. 74

55% .Dec. im addition, the world-wide services

of its thoroughly equipped Travel STOCKS:- Department

568

H.K. Lands- 4% Debentures

100%

Shanghai Lands Sh. $201⁄2 n Metropolitan Lands Sh. $10°n. Humphreys $T/T sa F.K. Realties $4 'n. Chinese Estates $88 n

744

564

"E. W. DUGGAN.

Amer Smelting 43% Con Gas NY. 323 Elec Bond &

16% Managerį. Share

General Motors 44% Int. Tel & Tel 124 Loew's Inc Montgomery

Ward

434

43

China Bealties Sh.$4 n

31

31

China Debentures Sh $123 12 -Public Utilities

16

164

4434 12

444

12

40%

•

35% 35% 25% 23 23

47

22**

464

THE WING ON BANK Central

·LIMITED.

Head Office: Hong Kong

26. Des Voeux Road Central.

Authorised Capital $10,000,000

LONDON BANKEES-n Westminster Band. Ltd.

Standard Oi

NJ.

41%

41

U.S. Steel 43% 437 43

REICHSMARK QUOTATIONS-

Berlin, to-day. Reichsmark

THE YOKOHAMA SPECIE BANK Foreign Exchange and every des quotations (without guarantee) cription of banking business transactare: New York, 40-45, Paris, ed

1609; Amsterdam, 59.68; and Current Accounts and Savings Ac counts opened Fixed Deposits London, 12.3. The Paris sterling ceived at rates which will be quoted quotation is 77, and the dollar, on suplication Special rates gives 15.08.-Trans-Ocean Service. for Special deposits. Man

Established 1880 Capital (fall paid-up) Yem: 100,000,000 Yen. 125,800,000 Reserve Fand

Head Office-YOKOHAMA

Branster and Agencies, atr

Alexandria

Batavia

Berlin

Boobay

Calcutta

Canton

Dairen (Dalny)

Trusteeship and Executorship

D2-

dertaken. Safe Deposit Boxes for THE MERCANTILE BANK OF

bire.

INDIA, LTD.

Nagasaki

Nagoya

L. GOCKCHIN",

New York

| Asst. ManagET

PHILIP: GOCKCHIN

Manager

LI SHU FONGİ

Asst. Ma

HEAD OFFICEL

15. Geoscburch Street, London, EC

Authorised Sapital.

£3,000,000

Subscribed Capital

$1.800.000

Paid-up Capital

1,050,000

Osaka

*Paris

Feng tien. Mukden) Rio de Jeneiro.

Hamburg

Hazkow...

Harbin

Rong Kong

Honolulu

Esinking

Kobe:

ondon:

Peiping

Pangoon

San Francisco

Seattle

Semarang

Shanghai

Singapore

Soprabaya

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

$5,000,000.

Capital paid

Reserves

Capital Savings Dept.

Beserve Savings Dep

Reserve Fund & Rest 1,247,830

The Bank of England & Midland Bank, Ltd. „BRANCHES-

Banskom BOT

Hoog Long

Fandy"!

Tots Ebers

Kosin-Lipi

HONO IONE: ERA

Pment. Port

-HK Tramways $12.65 b. Peak Trams (old) $7% n Peak Trams (new) $5% Star Ferries $77 b Yaumati Ferries $17.60 n C. Light $8.45

H.K Electric $591⁄2 8. Macao Electrics $2231⁄2 n. Sandakan. Light $3's. Telephones (old) $2035 s Telephones (new) $8.20 n. China Buses. Sh.$111⁄4 n. Singapore Traction 10/6 n. Singapore Pret. 22/6 b.

Industrials

Malabon Sugar 581⁄2 1

12.45

China Demand Modest Modest

For China a-few modest lines of poplins have been booked, and the Straits report isolated sales of supers and fine malls. One or two purchases of fancies and fine bleaching styles have gone

99% through for Egypt, but generally

the turnover for there and the 744Near East has been small 55% West African demand continues 567% to be satisfactory, chiefly for |brocades and heavy bleaching

cloths. Without being brisk, coz-: (tinental buying has been

поте

No. 1 No. 3 No 1 No.3 general for finishing cloths, twills Con Con. Con. Con.jand fancies. The South Ameri- (2:37:2.33 235 2.30 cam houses maintain a steady 2.52- 2.32 . 2.49 2,29 business in poplins and dress 221 210 219m 207 styles.

bassies of other nations in China. The presence of this large num- ber of commercial officers, Dr.

Sept. Hart holds, would directly en- Dec. hance Netherlands trade in China- Jan. (1936)

Turning to the Netherlands March Legation in China, Dr. Hart sug May gests in his report that it should New York Silk: [be removed to Nanking, the pre-September sent capital of China, as soon 28 December possible. He brands it as excepMarch tionally queer and unusual that Montreal Silver:- the Legation should remain in September Peiping which is hundreds of December miles away from the site of the January National Government of China March The present National Government

2.09

214

1572 IMPROVED TRADE

CONDITIONS

2.11 2.17

1.55 1.51

1.52

1.53%

153

67.66

€6.73 68.35 67.221 68.651 67.50n 69.30 €8.201

of China, he points out, has be RAW RUBBER PRICES

come more consolidated than wel

ever imagined. It is therefore

Singapore

beyond a whit of doubt that the Latest Quotations From Netherlands Legation should be Inear the National Government of [Ching, which is holding the reins of the nation Central News

Cald: Macg (Ord.), Sh. $19 Agency.

S

Cald: Matg. (Pref.). Sh. $18 n. Canton Ices $1,80 n.

Cements $334 5.

H.K. Ropes $2 n..

Stores, etc.

Dairy Farms $15.40 1. Watson 3 n

Lane, Crawford $3 2

Mackintosh Y

Sincerer 4.80 n.

Wm. Powells

Wing On" (HKO) 355 1

Miscella

H. K. Amuserses Bate

$1.85

Linments $4 D

S. C. Enterprises

Kacao

BERLIN SHARE MARKET

British Exchequer Returns

London, To-day.

show that ordinary revenge, 'excluding self-

Exchequer returns

balancing items. amounts to £203,978,354, as compared with $205,097,486 at the corresponding date last year.

Messrs. H. B. Joseph & Co. have

Improved trade conditions were received the following Straits Cur-reflected in revenue from cus- {rency quotations from Singapore toms and excise, which mount-

for Raw Rubber:---

ed to £105,515,000, as

ared with £101,854,000 in the same

Spot, 194 by Down / 19 Oct/Dec. 19 % b. Down -

Jan/March (1936) 20

• Down 44 218.

SHORTAGE OF STOCKApril/June (1936) 21 )

share

REVEALED

CHINA MAIL" ~ SPECIAL

forders:

day, so

public lities,

on Monday

ever

#Berlin, To-day.

on the

small buying

notal

Down 21 1⁄2 2 "Market:

BUILDING SOCIETYSI

20 period of last year.

Total crdinary" diture, ex- clusive of self-balancing Itema, is

6183

date of

Servi

IN BRITAIN

Is It Insured?

A Bank havin

Mavellers Chagona

ring