1935-08-27 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION®

$50,000,00

Authorised Capital

Issued and Fully Paid-up 20,00 Reserve Funds:

Sterling

€ 6,500,000

**

Silver... $0,000,000 Reserve Liability of Pro-

prietors

HEAD OFFICE HONG KONG,

DOARD OF DIRECTORS.

S. E. Dodwell, Eng. Chairtsale

CC Inight, Esq.

Deputy Chairman,

V. M. Grayburn. · Eng.

Chief Manager.

THE CHARTERED BANK OF

- INDIA, AUSTRALIA & CHINA.

000 Incorporated by Royal Charter, 155%,

HEAD OFFICE LONDON Paid-up Capital

20,000,000 Reserve Fund

£3,000,003 $5,000,000

Reserve ability of Fro-

prietors

£3,000,000

Agencies and Branches:

Alor Star

Bangkok

Thaiko Ipak Karachi

Bangvia Bomány

Koda

Canton

Caber

Azzibar

W. H. Bell, Esq, E. S. Morrison Es0); Commpore. A. H. Compton Esq.

M. T. Johnson, Esq. Colombo

Hon. Mr. J. I. Paterson,

Mai

Baiphong

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

www.

BRANCHES

LUNDON -Lross

MALACCA MANILA

XUAR (Johor) XUXDEN NEW YORK PRIPING PENANG RANGOON SAIGON SAN FRANCISCO. KUALA LUMPUR NHANGEA SINGAPORE

1

ANOT BANGIOI BATATIA BOMBAY CALCUTTA CANTON CHEFOO COLORBO DAIRES POOCHOW HATHONG HANRIRG HANKOW HARBIN RONGREW ILOTLOY ΣΤΟΥ JOHORE FORE TOWLOON

SOCRABATA SUNGEI PATANZ TIENTSIN TULYO TSINGTAO TOKOLLAMs

Curros siments operand to Local Currency and Ford Dmpozita received for ons weer voe aborter periods ist Local Carresey and Sterling on terms which will be quoted on application.

Hong Kong, 6th April 1935. ---

Hackow Harbin

Eour Bene

Rangoon Faigen Semarang Seremban. Shanghai Sinuporn

Muduma

*Taiping

Manila

Medan

Tongink

New York

(Blake)

Piping

Taingtoo

Chaking)

Yokohama.

- PORADE

Zamboanga

CHINA MAIL, TUESDAY, AUGUST 27, 1935

Commerce and Finance

LOCAL DOLLAR

DECLINES

Silver Prices Fall.

The local dollar has declined a farthing, opening on demand this morning at 1/113

"Spot" silver fell to 29 and i “forward" to "29.

...

The London on New York cross- | rate was quoted at £`US$4- 97%, as compared with US. New York $4.97% while the

Foreign Exchange and Gomaral Banking buntowe on London cross-rate was quoted Curreak Lorente opened and Fund Deposits 121 F-US$4.98, as compared with received for one year or shorter puričila, at zaton S—US$4.97%

·which will be quoted on application,

A. BREARLEY,

Manager.

Hong Kong, 1st January, 1935.-

THE BANK OF CANTON, LTD.

An

Established 1912.

Head Office:--Hong Kong.

Authorised Capital

Paid-up Capital Total Resources

EXCHANGES

TO-DAY'S QUOTATION

$11,000,000 On Shanghai--

8,655,000

~On demand 32.170,492

On Singapore On demand

Branches: Canton, Toishan, Shanghai Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.

Foreign Exchange and Banking business of every description trans- acted.

Current Accounts opened and Fixed HONG KONG SAVINGS BANK Deposits received for one year or shorter periods at rates which will be quoted on application.

The Buizes of the above Basic in condwes

by the 10NG KONG AND SHANGHAI BANKING CORPORATÍON. Bales may be obtained on upphation.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

. 3. GEAYBLEN,"

...Chief Mazogue.

Hong Kong ib. F-bruary, 1935.

Safe Deposit Boxes (vazious sizes) for hire.

LOOK POONG SHAN,

Chief Manager

*

THE

AMERICAN EXPRESS COMPANY,

On Japan-- ·

LOCAL SHARES

-TO-DAY'S QUOTATION.

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

Banka.

FK Bank $1060 b. "

EK. Bark (London) 108 1 Chartered Bank £181⁄2 1. Mercantile Bank A. and

£29

Mercantile C. 512 n Bank of East Asia $761⁄4á n.

Insuranom. Canton Ins. $155 n. Union Ins. $385 1

China Underwriters, 10 cts. 2. China Fire Ins. $382 n.. HK. Fire Ins. $185 m. - International Assce. Și n

Shipping

Douglases $36 D FK Steamboat: $4 n.. Indo-Chinas (Pref.), $30 1. Indo-Chinas (Def.), $12 n. Shell (Bearer) 70/72 p. Union Waterboats $11 n

Mining

Antamoks 7944 cts, n.

B

Baguio Gold $2436 ctx. n. -Benguet Consolidated $12.10 m- Benguet Exploration 13 ets: n. Benguet Goldfield 10 cts n. Big Wedre 8 cts. 3- Gold Creek 30 hs. a

REASON PREVAILS IN CUSTOMS DISPUTE

DANZIG RELATIONS WITH POLAND. RESUMED PURCHASING POWER INCREASED

~CHINA MAIL" SPECIAL

de Danzig. To-day.

The diplomats and press galleries were densely packed in anticipation of the speech on the Government's policy by the President of the Senate, M. Greiner, when the Danzig Diet met yesterday for the first plenary session after the summer re-

cess.

The proceeding commenced with the election of National Socialist Deputy Beyl as the new President of the Diet, by 42 votes, to 28-

After referring to the unpopular but necessary. economy programme introduced by the Government. Mr. Greiner pro- mised that the Danzig budget would be submitted to the House as soon as the effect of the present measures could be seen.

NEW YORK STOCK

MARKET

Cotton Drop Likely If -Loan Sustained

OUTLOOK SATISFACTORY IN AUTUMN SILK

Since the introduction of the control of foreign currency the

position of the gulden had auto- matically improved, continued the speaker adding that the

KING'S

LAST DAYS

A NEW PRO- GRAMME

CONSISTING

"LIVING MARBLE”

(Reproduction of World

Famous Masterpieces)

"THE HUMAN SHELL?

"TORVEVUE IN

MONTEVIDEO” ETC. ETC. ETC.

reserves in the Bank of Danzig Prof. WILLIAM DOUKLAYs had increased from 17.500,000 Ito 27.500.000 gulden, from)

July: 15 to the present date.

3. Greiner then turned to; Danzig's relations with Poland, Istating that Danzig would never relinquish independence of her her bank issue. currency and In their marker report. Mesars Poland. by her development of S. E. Levy and Company, corres pondents for Messrs. White Weld Port Glynia, had deprived Danzig of important sources of foreign and Company, New York, state:-

"Wheat: It is felt that week-end currency and thus prejudiced the accumulation of hedge offerings free city's financial position.

By permitting Port Danzig to and also the uncertainty regarding be used to full capacity, Poland the minimum price problem in would increase Danzig's purchas- Winnipeg checked buying. Total

ing power and thus her imports sales: Wheat: 14,629,000 bushels from Poland. In the critical Corn: 2,210,000 bushels.

On Landon

On TT. and demand”.

1/11

4 months' sight Credits 4 months" "sight

1/11%

131

$334

Balatocs $18 a.

On demand

16534

On India.....

On TT. and demand

1294

On New York-

On demand"

4874

Credits 60 days' sight

50%

Gold River 7 cès. 1.

On Batavia

Ipo Mining 90 CÍS. In

. On demand

71%

Itogons 36 ct.'IL

On Paris

Salacots 12 ets n.

On demand

735

Kailan Mining Ad 16/6 1

--

Credits 4 months' sight

780

Langkats (Single) Sh. $14 m.

On Saigon

S'hai Exploration Sh.44% n

On demand

73%

Shai Loans Sh. $51⁄41⁄4 n.

Raubs $12.

97%

Tenz; Goldfield $230 n.

Docks, etc.

received by Beuter:

_$10,000,000.00

$ 5,598, BOOLAN

Capital Suzplus Reserves

On demand.

·9434

870. K105

Sovereigns bank buying rate 2/-%

HK. and K. Wharves · (old)

$78 n

NY/London

Bar silver per oz.

29

BRANCHES:--

Bar silver in Hong Kong

nom

Amberdasa

Antwerp Albena.

Gesos Glasgow

Milazi

HK and K Wharves (new)

$74% n

Copper cash

The Bagas

Kapies

Copper cents

par.

AG

Havana

Barin

Hamburg

Rate of native interest .. 3% pa

Berlin

Harre

Chinese Sub. Coin

Bombay

Bernen

Hotterdam

Hong Kong sub. coin

33% dis

par.

Brisels

Cairo

Calcutta Cannes Colombo Coprede

Lusvede

Lutor

Monte Carlo

"Makita

Munich

THE BANK OF EAST ASIA, LTD.

Autborian Capital

Paid-up Capita

Rearers and Undivided Prabia. 2,480,000,00

HEAD OFFICE:-HONG KONG

20. De True Road ('-utral.

BOARD OF DIRECTORS:—

Sir Shouros Chow, Chu Ka

Yus Tong, Eng. Cina Ching bak, Feq. If Lan Sang. Erg Wong Che Son, Eg, and Kan Ting Po. Eng.

Kao Tour Po. Esq. Chief Manager.

L. The Fong, Zogi. Mumour.

BRANCHES AND AGENCIES:-

Mazda

ܕܡ ܺ

ل

Batavia

21-1twerthe

Bombay

Nationalti

Calcutta

New York

Canton

Haiphong

Paris

Bankow

Piper

Penang

· Ragood

Shanghai Singapore Sourabaya Smalow dney Taiboks Tientsin

Sea

Tokyo

ban Francisc

Honolulu Rebe

Loloso. Loudne

Vancouver Zobobama

Every duription of Basking and Exchames

INC

Head Office:---65, Broadway, New York

“Palm

Edinburgh Plorence Genees

_U.S.$6,000,000.00

2,183,533.06

Heidelberg Interlaken Zerusalem Indoo

Liverpool

Parin

Priping Palermo

Botter

Khanghai.

Southampton

Kings porn

Tentica

Trorteios.

Vienos Venice

Youthwe

Tokoba Zürich

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

domizens transacted. Loans granted on approved Transactions undertaken.

securities.

Current: Arcount operad in Loral CurreEDOT and Fixed Depositureesired for comprar är sborlar: periods in Local and Forsigo Curmacies handled.

tem which will be quoted on applicatícia.

Sale Deposit Boser To Les

KAN TONG PO

of its thoroughly equipped Travel Department,

On Manila-----

On demand

On Bangkok-

.

NEW YORK STOCK EXCHANGE

Latest Quotations

August 27.

The following: quotations were zei ceived by Reuter

Last close NY/London 4.97%

10.20 11.00

1974 197

10.60 10.52 10.52 10.47

12.17

HK and W. Dock $91. Providents (old) 55 cts. s2 Providents (new) 20 cts, ne Hong Kew Sh. $240. n. New Engineering Sh. $4 n- Shanghai Docks Sh.$78 n. -

Cotton Mills

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

$65 S Shanghai Cotton (new) $40 Zoong Sings Sh. $834 mi Wing On Textiles Sh. $25 n. Lands, Hotels, etc.

H.K. and S. Hotel $32 m HK Lands $28 1.

(Continued on Page 11.) Latest Quotations

days of the customs dispute, concluded the speaker, the Senate had greeted the fact that at last! grasped her outstretched hand Trans-Ocean Service.

The following quotations were reason had prevailed, and she had

cross-rate

Prev. To-day

close

*Alask

497 498 ROOSEVELT

10.45 12.05

10.48 11.98

*.88 74

NY. Cotton Oct. NY. Exbber Sept. Chicago Wheat Sept. 88 Chicago Carn Sept. 74% Montreal Silver Dec. 65.80 Silver Official ...... 65%

£5.75 -

65%

Dow Jones Averages 30 Industrials 12793 128.99 1.06 up 20 Rails

35.30 25.72 42vp 20 Utilities 25.07 25.46 39

96.23 96.19 04 off 40 Bonds Sh-11 Commodity ... Index

HK. Lands 4% Debentures $100

Shanghai Lands Sh. $2071⁄2 m. Metropolitan Lands Sh. $10 n Humphreys $72 -

H.E Realties $4.1.

Chinese Estates $88 ¤,

All classes of Commercial Banking

Personal

investment

sccount

N.Y. Cotton

Oct May

10.45

10.36

Chist Manager

in

The Company offers to intending N.Y. Rabber Travellers the use of its "Travellers Cheques" and Letters of Credit and C. Wheat

addition, the world-wide services

Dec.

12:25

12.13

Sept

85%

89

Dec. 91 v

\911

E. W. DUGGAN.

Manage

C. Corri Sept. 74%

Dec. STOCKS:

74%

China Realties Sh$4 n..

564

56%

China Debentures Shi$123 n.

Amer Smelting 45% Con Gas N.Y. 29% Elec Bond &

46%

Public Utilities

29%

30

General Motors 42% 42% Int. Tel & Tel 10% 10%

12%** 43 10%

Loear's Ine 41% 40%

40%

Montgomery

C. Light $8.35 s

Ward

334 34

244

23%

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Head Office...Shanghai

Capital

Beserve

Branches

:$7,500,000.00. $1,500,000.00

-All Important Cities

· Forsign ··· Exchange

Business (trmomacted..

in China.

and Genees?

Banking

Current and Saving, hocounts, opened, and Pized Deposits, received for one your or shorter periods at man which will be qouted on application..

SOU Z CHANG.

Manager. BONG KONG.. BRANCH :

DeVoeux Bond, Central,

Manager's. Office muomilim Foreign Exchange "Dept.

General Office

Cashier's Odion

Tel:20:05

THE WING ON BANK Share 12

LIMITED.

• Head Office: Hong Kong 26. Des Voeur Road Central. Authorized Capital $10,000,000

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

Current Accounts and Savings Ac- counts opened. Fixed Deposits re- ceived 12 rates which will be quoted on application. Special rates given for Special deposits. Som

Trusteeship and Executorship - 10- THE YOKOHAMA SPECIE BANK dertaken. Safe Deposit Boxes for

LIMITED.

Established 1880

Capital (full paid-up) Yen. 100,000,000

Yen. 125,800,000) Reserve Fund

Bead Office—YOKOHAMA -

Bransões and Agencies at:

Alexandria

Bataria..

Bombay

Calcutta

Canton

Nagasaki.

Nagoya

New York

Osaka c

Paris

Peiping

Dairen (Dalry) y dango

Fengtien «Mukden). Rio de Janeiro

Hamburg

Hankow

San Francisco

Seattle

Harbin

Semarang

Hong Kong

Honolulu

Singapore

Azinking

Kärschi

Kobe London Los Ange

bay.

PELIP GOCKCHIN. Chief Manager

hire.

L. GOCKCHIN Asst. Manager

THE

LI SHU FONG "Aust, Manager

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up -5** $5,000,000

Réserves Jus $1,300,000. Capital Savings Dept.: $500,000. Reserve. Savings Deptr 3800,000. * Head-Office--- Shanghai 20 A“Bank having as its mission. the industrial development pou China and the fostering of her

NY. Central Standard Oil

...אך

U.S. Steel

2334 24

RAN 46% 45% 44% 4546

4674

40 45%

RAW RUBBER PRICES

Latest Quotations From

Singapore

Messrs. H. B. Joseph & Co. have received the following Straits. Cur- rency quotations from Singapore for Raw Rubber-

HK Tramways $12.60, n. Peak Trams (old) $75% 1. Peak Trams (new) $53⁄4% 2.

Star Ferries $78 b.

Yanmati Ferries $17.60 n.

HK Electric $59 m. Macao Electrics $20 a Sandakan Light $3 8. Telephones (ok) #201702: Telephones (new) $8.20 në China Buses Sh$114 n.

Singapore Taction 10/6 n. Singapore Pref. 22/6.b.

Industrialz

Malabon Sugar 381⁄21⁄2 n- Cald, Macg (Ord) Sh$191⁄2 a Cald: Macg (Pre£), Sh 13 n. Canton Ices $1,80 n. Cements $2.80 AL ELK. Ropes $2:15 n. Stores, etc. Un-Dairy Farms $151⁄2

Watson $3.10 m Lane, Crawford $3 n. Mackintosh 47 m

Spot 19% Unchanged b., 19% s October-December: 19%

changed b., 20% a January-March (1936). 20%

Unchanged by 20% & April-June (1936) 21% Down

b, 21% Market:Quiet-

PROTECTION OF KATIVE MANUFACTURES

Canton, coming into

Commission

5278 Business Done: 1,460,000 shares.

· LEIPZIG AUTUMN FAIR OPENS

Exhibitors Increase By 7 Per Cent

ANTICIPATION OF RECORD BUSINESS

**CHINA MAIL" SPECIAL"

Leipzig. To-day.

NOW WORKING OUT

TROPICAL

EXPRESS

NON-STOP REVUE

45 ARTISTES! 24 GIRLS! 800 COSTUMES: 101 SCENES! NEW ACTS! NEW SONGS! -

NEW DANCES!

101 Scenes in 180 Minutes!

ADMISSION PRICES

COTTON FORMULA MATINEE $2-$1 & 50 ctx Plus

ADJOURNMENT OF CONGRESS SOUGHT

SENATE'S 5-HOUR RECESS

Washington, To-day

The House of Representatives passed a resolution adjourning

sine die

Meanwhile President Roosevelt is conferrify with the cotton Senators to work out a formula which it is hoped will end the op position to the cotton loan and permit both Houses to adjourn 25 soon as possible.

(Continued on Page 7)

The Senate went into recess for five hours, pending negotiations [with the leaders of the House of Representatives to implement the The Autumn Fair opened on President's talks-Renter Sunday with every prospect of doing record business. With 4,670 exhibitors, the number hast increased by about 7 per cent, as compared with last year, and the floor space taken up by the stands about 5 per cent.

"(Continued on Page:7)

Sinceres $5.30 n.. Wm. Powells 70 cts. n. Wing On (HK) $55 2.

· MiscellaneoTS: Entertainments-$4 m.

S. C. Enterprises $1.55-n. Macao "Greyhounds” $2 m. Constructions (old) $110 Constructions (new) 25 cte n Vibro Piling 34 m.

Ch. Govt 5% 1925 GBds. 7.90% n

BERLIN SHARE MARKET

Weaker Tendency Reported

› CHINA MAIL " SPECIAL

Berlin, To-day

The share market showed siderably weaker tendency terday, being affected adver by reports indicating the fed prospect of an early

of hostilities between Italy and Abyssinia.

Buying orders were scare. Fir

ed interest securities were yery

FK Govt 4% Lom 64% quiet, and, prices hardly

Call money was at 24 per ce

prem b

HK Govt 3% Loan 2% prem.Trans-Océan Service.

Wallace Harpers. $4. n.

French Peasants Demand

Government Support

Paris. Today The French that may be taken peasants will take the law into sants if the

their own hands unless the Goy-willing

pent takes measures for

in price of agr

Senten

laws

from

NEW ADVERTISEMENTS

PUBLIC AUCTION

instructions to

Tu Servicemen in Uniform MS. $1.50)

- BS. 70 ctx. Children half Prices Matinee Only.

EVENING—$3, $2, $T-

Everything

gone. BUT YOUR SAVINGS

RENT

FOOD"

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST, INC

Is It insured?

EICHSHARK QUOTATIONS