1935-09-11 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

Issured and Faily Paid-up 20.000

Reserve Frnds:--

Sterling £6,500,000 Silver

$.0,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE HỌNG TỔNG

BOARD OF DIRECTORS. &B. Dotweil, Esq.

Chirchen,

CC Knight. Eng. Deputy Chairman.

TM. Gonyours Enq

Chief Stanage

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853

-HEAD OFFICES: LONDON

Paid-up Capital

20,000,000 Reserve Find

£3.000,003 ES,000,000

Reserve Liability of Pro-

prietous

,000,000

Bangoon

„Semarang -

Faromadin

W. H. Bell, Esq. S. Morrison Ed

A. H. Compton. Esq.

Agencies and Branches:

Kocking

Kanghal

Spol

Bangkok

Kanchi. Klang

} Scerbar

Campore

Colemde

Madem Yamin

Sinesporn Sitiawan Auverabaya Taiping

Morlan

Tooskah

Yew Tack

(Bhahar)-

Bamborg Hankow

Priping

(Prking)

Prong

Printe Tokohama Zamboanga

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

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

AMOT

PLNOXOX

BATAVIA,

BRANCHES:-

LONDON

LYONS

MALACCA

MANILA

YU (Jobhore)

BOMBAY

CALCUT

CANTON

MUNDEX

CHEFOO

NEW YORK

COLOMBO

DAIKEN POOCHOW HAIPHONG

FABORG-

HANKOW HARRIN HONGREW

ZPOH

JOHORT

FOBF

KOWLOON

PEIPING

SENANG

KANGOON

SAIGOS

SAN FRANCESCO

KUALA LUMPPTE

SHANGHAI

SINGAPORE

SOURARAYA

SUNDEL. PATANI

TIENTSIN

TOKYO

TSINGTAO TOKOBAMA

Cimet 4ranate opened in Local Carrency and Fixed Paprocity inspirend for one" wear o aberse Decade in Local Curmeer and Sterling on tejch will be quoted on suplenticu.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

THEN CHINAKAIL WEDNESE

Commerce and Finance

LOCAL DOLLAR STEADY

Silver Prices Firm

The local dollar is steady, opening on demand this morning at 1/11

Silver prices, both spot and for- [ward, were firm at 29-3/16.

The London on New York cross- rate wate quoted at £--US$4.93%. as compared with £ US$4.9375, while the New York on Lop- cross-rate was quoted at

пор

Foreign Exchange and Gewal Banking business US$494% as compared with

transacted.

Current Acomare corned and Fixed Deporte SBS $4.984. received for one year or shoever' wadada at rates

(which will be goosed an application.

A. BREAKLEY,

Manager

Hong Kong, 1st January, 1935.

THE

AMERICAN EXPRESS COMPANY,

Capital Starplus Reserves

EXCHANGES

TO-DAY'S QUOTATION

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks

HK. Bank $1,050 s, $1050/55 84 HK Bank (London) 5103% Da Chartered Bank £13%, n. Mercantile Bank A. and

£2954-71

Mercantile Bank C. £12TM n Bank of East Asia $765 n-

Insurances

Canton Ins. $180 1. Union Ins. $37214 h.. China Underwriters. $11.10 1. China Fire Ins. $382 m. HK Fire Ins. $185 m. International Assee. $4 ̊n.

Shipping

Mining

1935

TRADE CONDITIONS NEW YORK STOCK

IN BRITAIN

Favourable Revenue Figures

POST OFFICE RECEIPTS ALSO INCREASE.

London, To-day.

MARKET

No Early Setback Indicated

STOCKS CONTINUE TO ADVANCE

INCENDIARY & GAS BOMBS EXPECTED

Page 1)

French Premier Worried

LAVAL LEAVES FOR GENEVA

In their market report, Messra Paris, carlier M Laval left The favourable impression S E. Levy and Company, corres for Geneva, at 8.35 am on Mone created by the unemployment pondents for Messrs. White Wald day evening, after having receip figures for August published on and Company. New York, state ed the Italian and British Am Monday, which recorded that the Stocks Stocks to-day continued assadors earlier in the day number of unemployed had de to advance and there is practically with whom he conferred about creased by $77,000 since the beno indication of any early setback the international aspects of the

the year, is streng-jjust yet Business done: 1980,000 Italo-Abyssinian conflict. ginning of thened by this week's Exchequer share

The French Premier, according Breturns, which show that the to- "Wheat: The Government Bureau to Le Matin, is not only worried tal ordinary revenue, excluding estimate is larger than had been by the sanctions problem itself, self-balancing items, amounts to expected and is likely to result in but is also afraid that the firm £25,596,164 Mas compared with some selling, although confirming British attitude in the question of £24.635,806 at the corresponding the ultimately bullish supply pic sanctions may have most serious date last year. Income tax receipts ture. - Total sales: 25,647,000 consequences for the solution of are $49,396,000 was against 548-busbels.

reneral European problems, such 707,000 last year, and the total

"Com: The Government Barean as the Damübain Eastern Fact inland revenue is £102,786,000, 25 sgures are moderately bullish. |--

BU ITALY CLIMBING. DOWN? compared - with £101,47,000 Total sales: 4,019.000 bushels "According to reports received while total revenue from Cus- "Cotton: Sentiment is somewhat by the Paris Soir from Rome, M. toms and Excise is £129,130,000 more friendly. Switches of Octo-Laval has been assured by Signor as against £124,814,000 for the ber cotton by the Cotton Pool, Mussolini that Italy is not de same period of the last financial principally to July, are believed to finitely opposed to international

{te about completed

control over Abyssinia. The pro- Another sign of trade improve"Copper: The undertone of spects of a prolonged East Afri- ment is in the Post Office receipts futures is very firm, though the can campaign as well as the fear under the heading of self-balan-metal is temporarily neglected of open conflict with Britain, the cing revenue, which are £25,150 We would favour purchases 000, some $2,000,000 more than in

On London--

On T.T. and demand

1/11%

INC.

4 months" sight

2/

Douglases $36. D.

Credits 4 months" sight

2/17/%

Head Offices—65. Broadway,

New York

On Shanghai-

On demand

∙132

.13.S.$5,000,000.00

On Singapore----

H.K. Steamboats $4 1.- Indo-Chinas (Pref), $30 The Indo-Chinas (Def.), $12 m. Shell (Bearer) 70/- 1. Union Waterboats $11 n

On demand

347%

$70.731.05

On Japan-

On demand

16$14

Antamoks 80 cts

BRANCHES:-

Amruterdant.

On India....

Antwerp

Cretion Glasgow

NAS

Balatocs $18 n.

On T.T. and demand

13134

The Harve

Kaplam

Baguio Gold 24 cts. n.

Annisa

HAVERA

P5TFOR

On New York

Benguet Consolidated $12.10

Bala

Hact.bark

Paria

Bertiz

Priping

On demand.

4916

Bombay

Reten

Heidelberg Interlaken

Palerme

Credits 60 Days" sight

514

Benguet Exploration 18 cts. 1. Beriguet Goldfield 10 ets a

Brossela Cairo

On Batavia.

Big Wedge 8 cts, D-

Calcutta Cannes

Landos Liverpool

Fotban prot

On demand

7224

Gold Creek 30 cts. n..

Laertne

Charl Manager-

¡On Paris-

Colombo

LUXADO

Copenhagen. Imblia Edinburgh Florence GEOFTH

Luxor

Thormica

- On deinand

742%

Thes Tonine Yokoba.coe. Zurich

1. Credits 4 months' sight .... 78TH

Ipo Mining 90 cts. n.

On demand!

74

984

93

The Buzz of the above Back in contact ed by the HONG KONG AND SHANGRAT BANKING CORPORATION. Bules may be obtained or application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRATRUES,

· Hong Kong. * Fabruary, 1935.

THE BANK OF EAST ASIA, LTD.

-$70,000,00XL DU

Authorised Capital

$5.508,500.00 Pard-trp Capit Brand Undivided Proňte ————$ 2,000,000.00.

HEAD OFFICE:-RONG KONG

10. Des at Boul Central,

BOARD OF DIRSATORS

Sir Show-son Chow, Chui. Dan.

Lá Toon Chen EN P... Ewok Bag FOOK: Tub Toog. Eng., Cha Ching Mark. Engu Tak Z Fang, Esq. Trong Chu Son. Exg, and Esa Ting FC. Eng.

Amay

Batavia

Kas Juos 7h. Esq. Chief Manager.

Ik The Pong. Eng. Ingege

Bombay Cuicatio Canton Feipboog Haakon Bocciulu Eode

Lawloos London

BRANCHES AND AGENCIES 100

Manda

Sentin

Noverat:

Selawat

Sagunaki

Shanghai

SYork

Singapore.

Ovaka

Sourabaya

Paris

Swatow

PADICE

Bydney.

Ped

Rangoon

Sasa

6an Francisco

Zaibolz *iesinia Tokyo

Vancouver

Tokohama

-"Every, "description of Basking and Fachange best tacsacted. Lose 'granted; on approved)

Current Accommte opened in Local Cuervory and Fized Deposita recaired for one year or aborter.' patiode in Local and Foreign Currencies on set which will be quoted on: application.

Safe Deposit Bozes To Let.

Capital

Reserve

KAN TONG PO.

Woo Carie Matia

Munich.

Montreax

Rotterda Rep Shanghai

Tiratio

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

On Saigon-

On Manila

On demand

On Bangkok--- On demand Sovereigns bank buying rate 2/-34 29 3/16 accounts Bar Silver per oz

All classes of Commercial Banking Transactions undertaken.

Personal

handled.

investiment

Bar silver in Hong Kong. Copper cash

The Company offers to intending Copper cents.. Travellers the use of its Travellers Base of native interest Cheques" and Letters of Credit and,

addition, the world-wide services Chinese sub. coin....... of its thoroughly equipped Travel Hong Kong sub. comm Department,

E. W. DUGGAN,,

Manager.

THE WING ON BANK LIMITED.

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

LONDON BANKERS:

Westminster Band, Ltd.

12000 nom. par. 3% pa 31% dis.]

par

NEW YORK STOCK:

EXCHANGE

Latest Quotations

September 11.

The following quotations were re ceived by Beater

Last

close 10.20 11.00 Foreign Exchange and every des- NY/London 493 494 494 cription of banking business transact-Ny. Cotton

Oct.

Gold River 7 'ets.

Itogons 36% cts I

Salacots 15 cts. z.

Kailan Mining Ad..11/6 n. Langkats (Single) Sh. $14 1 Shai Exploration Sh.$41⁄2 n. S'hai Loans. Sh. $54 1

• Ranbe $7 1.

Venz; Gokifeld $2.30.n.

Docks, etc.

H.K. and K. Wharves

$76 n.

(old)

HK and K Wharves (new)

$7472 1

HK. and W. Docks $9 n Providents (old) 55 cts. I. Providents (new) 20 cis. Iha Hong Kew Sh. $240 n. New Engineering Sh. $4. Shanghai Docks Sh.$78 n.

Cotton Millle

(old) Sh

Ewo Cotton Sh. $5.70 b.. Shanghai Cotton 1865 12%,

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

HK and S. Hotel $3.40 s H.K. Lands $24 82.

year.

the previous year. The total ordinary expenditure, exclusive |

Latest Quotations.

report asserts, are now tending Ito make certain Italian quarters

The following quotations were inclined to accept a peaceful set-

of self-balancing items, is £313- received by Reater 118,900, as against $297,745,041

at the corresponding date of NY/London

1934 British Wireless Service

Cross-te

NY. Cotton Oct

493 10.41

10.52 11.76 933

57

tlement of the Abyssinian con-

Prev. To-day's fict, even if it engenders "serious <lose clase material disadvantages for Italy.” The Italian Government, adds 4944 the report, expects that the com

mittee of five will conclude its deliberations with the recommen- - dation of an "offer of interna tional assistance to Abyssinia, and thus place that country, un- details der guardianship. The

PUBLIC LIBRARIES Rabber Dec... 1169

GROUP SYSTEM

Boon To Students In Britain

London, to-day- The number of books issued annually by the public Libraries in London and the home counties area jhas grown from 23,237,887 in 1924 to 56,905,176 last year," while in the same period the books on their shelves have increased from 3,139,804 to 6,537,870:

.66.00.

65

Chicago Wheat Dec. 934 Chicage Corn Dec: 55% Montreal Silver Dec. 65.90 Silver Official ... 65%

Dow Jones Averaves 30 Industrials 132.45- 133.42 - 94 up 20 Eaïla

36.95 37.02.07.mp 20 Utilities 26.58 -26,567 (02-04- 40 Bonds 96.61 96.68 OT up

1 Commodity

Index. Business Done:-1,980,000 shares.

53.28 53.66 138 up

of the assistance, the Italians expect, will then be decided by the three signatory Powers of the Treaty of 1906, WARM

STILL MORE PROPOSALS Geneva:

to the According statements of the French delega-

COMMODITY PRICES tien L. Laval, who arrived here

yesterday morning, brought new The following quotations have proposals from Paris for the been received by. Renter

practical settlement of the Italo- Prev. Yesterday Abyssinian conflict which were pre- Closing Closing sumably to be communicated to the committee of five yesterday afternoon Laval and Sir. Samuel Hoare met at 11 o'clock.

MORE OBSTRUCTION

New York Cotton:-

By means of inter-library rela tions and links with the National Central Library for, students. in- dividual readers, instead of being. October confined to the stock of non-fic-December tional works at any one library, January have access to the resources of the March entire area, comprising several mil-May Lion volumes. British Wireless July Spot Service

CANTON SUGAR

MILLS

Alleged Better Than

Those In Java

10.41

10.42 10.44

10.52 10.54 -10.57

10.50 10.62 10.57 10.68

10.60

10.75

New York Rubber-

September

December

January

March

The visit of the well-known May .... Shanghai sugar merchant, Mr. Chicago Corn:

¡September Metropolitan Lands Sh. $10 B Chu Keng Sin, to Canton's sugar

10.74 10.85

1146b

11.59 11.69 1176 11.75 -11.83 11.922- 11.96

12.10

May

12.05

Chicago Wheat:

September

91%

91%

Canton, To-day.

December

93

932

95

94%

25%

76%

December

55%

57

May

ST

57%

Winnipeg Wheat-

887/88

88/4 88%

90%

91

mills has resulted in making a very good impression.

In an interview, with reporters j after the visit, Mr. Chu frankly October stated that the sugar mills of December Canton are better in many May respects than those in Java, and New York Sugar:-- the quality of their product is

A considerable stir was caused by the report of Monday's conversa-. tions between Senor de Mada riaga, chairman of the concilia tion committee, and Baron Aloisi, when the latter stated. that the Talian Government would not an- swer the committee's letter of September 7, asking that nothing be done while the committee was, meeting that would make its work more difficult.

The Italian standpoint is that Italy has repeatedly declared that she reserves complete liberty of action towards Abyssinia.

The League of Nations Assem bly will hold no session until to- day-Trans-Ocean Service.

REICHSMARK QUOTATIONS

Reichsmark

Berlin. To-day." No.1 No.3 No. 1 No.3 quotations (without guarantee) Con Con. Con Con are: New York, 40.23, Paris, 610; Amsterdam. 59.575; and London,

Chid Manager.

_ed.

Current Accounts and Savings Ac-| | May counts opened. Fixed Deposits ze N.Y. Rubber ⠀⠀¦ceived at rates which will be quoted Dec

Special rates given Chic Wheat for Special deposits.

Trusteeship and Executorship un- dertaken. Safe Deposit Boxes

Dec.

Hay

10.43 10.54 10.45 10.57

10.66

10.62

11.69

93 95

HK. Lands 4% Debentures $100

11.65 11.68

Shanghai Lands Sh. $20

93

954

Humphreys $123/20

Chic Corn

H.K. Bealties $4 ¤.

FELLIP GOCKCHEY Chief Manager.

Dec.

35%

56

Chinese Estates $38 n.

May STOCKS:-

3734

57

China Realties Sh$4 n.

China Debentures Sh.$123 1

45

454

Public Utilities

27%

2824

HK Tramways $11.30 s.

Shate a WWW:135

13

132

Peak Trams (old) $51⁄2 8.

THE MERCANTILE BANK OF

General Motors 45%%%

-45%

45%

Peak Trams (new) $5 n.

In Tel & Tel 11% Loew Tax

11%

.11%%%

Star Ferries $1872 1-

43%

43%

45%

Gracechurch Street London. E.CA

Montgomery

Ward

Yaumati Ferries $17.60 nhe

also better. Mr. Chu has just re- turned from a visit to Java-Sept Central Press,

Dec. Jan

36% 36% 37%

March

Subscribed Capital,

1,800,000

1,050.000

NY. Central Standard Oil

NJ US. Steel

25% 25% 25

454 454 45 46 46%

GENERAL SUGAR SITUATION DISCUSSED IN LONDON

46%

1,247,830

May New York Sil September

2.07. 2.12

2.07

·211

179 177E

EN

-3.691⁄2 1672

168

16731⁄2

THE YOKOHAMA SPECIE BANK

LIMITED

Baurkor Beverly Calenta (Colombo

TOPLANCHES :.

Toob

Kandy

65.50 65.79 65.90

FRED ASTAIRE

66.003

Shanghai

65.75% 66.20m 66,50 66.59

Madina

Singapore

Manage.

2.55m

2.59+ 2.70 250 270 2.49 122725. The Paris sterling quo tation was 74.97; and the dollar. 2.08% 206 218n 2.06;

15.17-Trans-Ocean Servicë.

THE CHINA & SOUTH SEA BANK, on application.

LIMITED

(Incorporated in China)

Head Office ...Shanghai

Branches

$7,500,000.00

$1,500,000.00

[L. GOCKCHIN LI SHU FONG|Amer Smelting 45% Asst. Manager Con Gas. N.T. 28%

Elec Bond &

All Important Cities Asst. Mariager in China

Fortin Exchange Bod Снай Backing Business" - transected.

Current, and Saving Accounts opened and Tized

· Deposits, revived for one year oë, shorter periods

at rates which will be gauted on application.

800 Z CHANG

HONG KONG BRANCH ↑

2. Then Tapas Boad, Contral, A

Monner's Off

Foreign Exchange Deptu

General' Ofte

„Cashier's" - Offor

Established 1880-

INDIA, LTD.

HEAD OFFICE:

Authorised Capital ..........53,000,000

Paid-up Capital.

Reserve Fund & Fest

BAXTERS:

The Bank of Engleri & Midland Baik. Ki

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

Ten. 125,800,000

Head Offices-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia M

Berlia

Bombay

Calcutta

Canton

-Daïren (Dainy)

Hamburg

Hankow

Harbin

For Bone

· Nazanaki

Nagoya New York

Osaka

-Paris:

Peiping

Rangoon

Feng-tien (Makden). Bio de Janeiro

opolnin

Hizinking:

Kazachi

San Francisco

Seattle Semarang

Shanghai

Karacisi

Now, Tork Pettent Port Loubt Tots Bhara) | (Mauritius)" Lusla-Zépás Bangoon Koala Lumpur

Loantan. (Pabong) Siznia

HONG KONG 'BRANCH

Every description of Barking and Exchange bakinan-transacted.

Travellers: Cheques Inmoed..

Trustee and Executorships under- taken.

·INTEREST Allowed you? Curnént áncounta· and

SLUM CLEARANCE

IN BRITAIN

C. Light $2.65 n

HK. Electric $54′&... Macao Electrics $20 n. Sandakan Light $3 8. Telephones (old) $194 s. Telephones (new) $8 z. China Buses Sh.$11 m Singapore Traction 10/6 n. Singapore Pref. 22/6 b.

Industrials Malabon Sugar $832 1-

Progress Maintained Cald, Macg, (Ord.) Sh.$19

Despite Holidays

London, to-day,

The latest figures relating to Fited Deposits as Fates that may be ascertain shum clearance show that progress on application

2. KENNEDT

Manager.

[7. Queen's Bend Central"

Hong Kong, 24th July, 1935.

SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED

(Incin

Capital pa

has been maintained in spite of the holiday period.

The number of new houses be gun during July was well in ad- vance of the

figures, are as follows: July, 5513-May 4,763.

Cald: Macg. (Pref), Sh$13 Canton Ices $1.80 TL. Cements $2.80 b. $2.99 sa. HK Ropes $215 1

Stores, etc. Dairy Farma-$15% 1. Watson $3 sa Mane, Crawlord 13 n

Mackintosh 7 n. Sinceres 51

W Powells 70 rtz n. Wing On (HK) $55

Miscel Furtertainment

S. C. Ente rises $135 Mac

n

London, To-day-At the invita-December tion of Mr. Malcolm MacDonald, March D Secretary of State for the Colon-Montreal Silver:- ties, representatives of the Colon-September ial Sugar Producers attended December meeting with him at the Colonial January

the March n. Office yesterday to

general sugar situation. The West Indies and British Guiana" were represented by a delegation from West India Committee, Mauritius by Captain L. J. C. Souchon, and Fijf by Mr W. Hobbins British Wireless Service.

RAW RUBBER PRICES

BERLIN SHARE MARKET

Quiet Day Reported

The

Latest Quotations From ingh

ders this

the

CHINA-MAIL

GINGER ROGER

OBERTA

Jerome

Keen's

darthing musical slage hit. SLINGA. ed in splendor!

COMING to the STAR

Is It Insured?

1925" GZBJE