1935-09-13 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Issurd and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1853.

Reserve Funde

Sterling

£6,500,000

Silver... $0.000.000

Reserve Liability of Pro

prietors

Anzibar

Agencies and Branches:

20,000,000 Reserve Fund

HEAD OFFICE: LONDON Paid-up Capital

£3,000,000

£3,000,000

HEAD OFFICE HONG KONG,

Reserve Liability of Pro-

prietors

£3,000,000

Alte Star

Eloila

Bange

Iyab

Bangkok

Karachi

Suomenna

Batavia

Klang

Seremban

Bombay

Shanghai.

Calceta

Kusia

Lamper

Cavapore Caba

Korbing

Colore

Vanila

Delhi

Vedan

New-York.

Priping

(Pabing)

Penang

T. M. Ómayburn. Eaq.

BOARD OF DIRECTORS.

& E. Dodwell, Esq.-

Castrosas.

C. C. Knight, Eng

Deputy Chair

Chief Manager.

W. H. Bell, Esq., K. S. Morrison Esq, Casten

IT Johnson, 34 Hoa. Mr. J. J. Paterson,

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

A. E. Compton Exq

AMOX

PANGTOK

ZULTANZA

BOKEA

CANTON

СПЕРСО

COLOMBO DAILES JOOCHOW

HAIPHONG

RANKUNG

HANKOW

HARRIN

BONGKE

FLORO

ПРОЯ

JOHORE

FOBE

KOWLOON

BRANCHES

LONDON

LYONS

MALACCA

MANILA

YEAR (Johore).

VERDEN

NEW YORK

PEIPING

MENANG RANGOON

SAIGON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORN

SOTRABAYA

SENGET PATANI

TIENTSIS

TSINGTAO YOKOHAMA

CETNET & MOREse opened he Local Curwary and Fiam? Tposite received for one year or aberner pamunde in Local Currency and feeling on terms which will de quoend on application.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

FUE THE nên tri AD NHANGHA BANKING CORPORATION..

M.GRAYBURN,

Chart Manager.

Boas Kocs. Fbrary, 1903.

THE BANK OF EAST ASIA, LTD.]

Nadva

Singapore S

Taiping

Perbeda Tongkah

THE CHINA MAIL, FRIDAY, SEPTEMBER 13, 1935

Commerce and Finance

LOCAL TOLLAR

IMPROVES

Silver Prices Rise

LOCAL SHARES

TO-DAY'S QUOTATIONS

NEW YORK STOCK

MARKET

Further Improvement Forecast

CONSTRUCTIVE SIDE STILL FAVOURED

In their market report, Messrs. The following is the list of local S. Levy and Company, Carrer- pondents for Messrs. White Wald The local dollar has advanced/are quotations" issued to-day and Company, New York, state:-i

13, opening on demand this morn-

ing at 2/-

Silver prices, both spot and for- ward, have risen 1, to 293.

The London on New York cross- rate was quoted at 5-US$4933⁄41⁄4. as compared with S-US$4.93%. Lon- while the New York on

cross-rate was quoted at don Foreign Exchange and General Banking business$493, as compared with

Hamburg Brakow Barbis

Hong Svar

Two Toànòxima Zamboangs

Current Account opened and Fixed Deporte S.$4.94. survived for case year or shorter periode et raton

| which will be quoted, an application...

A. BREARLEY.

Manager.

Hong Kong, 1st Jantary, 1935.

THE

EXCHANGES

TO-DAY'S QUOTATION

AMERICAN EXPRESS COMPANY, On London

INC

Head Office:-65, Broadway, New York

Capital

Sarpins

Rezerves

Athens

تاهی و

Colemba

Turmdan

Lucerne

Lis-gal

Lageno

Conheça Dbka

Fainburgh Flerbre Gre

Monte Carlo Mucila

YantryI

Shanghai

Southampton.

Singapore Theoris Farmina

Tanice Tohrham Zurich

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

$30,100,000. Authorised -Capital ...

.3 5,50%.RÚN,NO... Paid-up Ca Romero and Codingin Profits 4290.004.GO

HEAD OFFICE-HONG KONG 30. Dre Tous Betal

BOARD OF DIRES:-

Sir Shou-son Chow, Chan.

TUD JUDE. Enque Chan Ching Tirk Engi. La Lan Sang, Eng. Wong Chu bet! Loy, and Een Yar

Ama

Katawa

Imb

Calcetin

Fan Tone To, Esq. "b! Yanneet.

Ter Food Eng. Same.

BEANCHES AND AGEM TE

Cezion

Rapung Hankow

Sam P

mi

New-York

FATIM

Home

Y P

Sobe

Kata

Bontowa London

Francisco

mydory The

Triga

Yokohama

All classes of Commercial Banking Transactions undertaken.

On T and demand 4-months sight

On-demand

On demand

The Company offers to intending Copper cash Tellers the use of its "Travellers Copper cents Chegres" and Letters of Credit and Bate of native interest In addition, the world-wide services Chinese sub. coin Lad its thoroughly equipped Travel

Hong Kong sự. GOI Department,

E. W. DUGGAN,

Manager.

THE WING ON BANK LIMITED.

NEW YORK STOCK EXCHANGE

*September 12. The following quotations were re- ceived by Reuter:--

Banks

H.F. Bank $1,050 b. $1035/40 32 HK. Bank (London) £10$ n Chartered Bank $124 1. Mercantile Bank A. and

50914 n

Mercantile Bank C. #12% n. Bank of East Asia $764 m.

Insurances

Canton Ins: $180 n. Union Ins. $370 b.. China Underwriters $1.10 2. China Fire Ins. $882 n. H.K. Fire Ins. $180 ... International Assce. $4 n.

Shipping

Douglases $36 ==

EK. Steamboats $4 a.. Indo-Chinas (Pre£-), $30 n Indo-Chinas (Def.), $12 n. Shell (Bearer) 69/41⁄2 n. Union Waterboats $11 -

Mining

Antamoks 80 cts:

-Ipc Mining 90 cts. n. Itogons 36 cts. a. Salacots 15 cts, IL -

Kailan Mining Ad. 11/6 n. Langkats (Single) Sh. $14.D. S'hai Exploration Sh$44 z Shai Loans Sh. $5% n Ranhs $7 n.

H.K. and W. Docks-$9 m. Providents, (old) 55 cts. n. Providents (new) 20 cts. Zie Hong Kew Sh. $240 n New Engineering Sh. $4 n. Shanghai Docks Sh $78 n

Cotton Mils

Ewo Cotton Sh:$5.70 n.

TROLLEY BUS

SYSTEM FOR

CANTON CITY

Private Company To

Have Franchise

MUNICIPALITY REPORTED TO BE AGREEABLE

MIDNIGHT SCENE IN CLUB Terrorism Alleged

By Counsel

WOMAN AND TWO MEN CHARGED

London.

Edward W. Hughes, 35, but- cher, Russell-street. Brixton. 1From Our Own Correspondent] Mrs Millie Lewis. 32, of Little

Canton: To-day"

Poulteney-street. W and Harry After several denials, it saton. 32, musician of Great Titchfield-street, W. 1. were

་་

Stocks: Most issues were reactionary to-day, but we re again reported that the Muni- main confident of a further in- cipal Government will grant a charged on remand at Bow- recently Police-court provement in general conditions franchise to a private company street and we still favour the construc-for the operation of a trolley

with committing willful damage Btive side for the long pull bus service linking the import to the extent of £35 at the

Business done: 1,880,000 shares ant parts of the city.

Aloma Club, Little Newport- Each route varies from eight to "Wheat:-Very quiet conditions

street, W.

Mr Canter defended the tro prevailed on the wheat market 12 miles, and the fare will be five to-day. From the statistical cents for lower deck and ten cents

men.

Mr E B. Knight, prosecuting, point of view, purchases on minor for the upper. Electric power will

Total be supplied by the new power said that the three accused fol- sethacks are warranted. sales: Wheat: 30,434,000 bushels station at Sai Chuen, which is belowed a party of people into the

ing installed by a German firms. Corn: 7,257,000 bushels.

club at 11 pm on July 26 20 The franchise will run for "Cotton: In spite of the. fact

They were not members, and that prospects of clearing wea- years, but what consideration is to had no right to be there. but ther conditions are likely to be given for the grant is not stated the proprietress. Mrs. Renee. British and Gerrnan firms Harrison recognised the WO- cause increased hedge sales, we favour purchases

scale-interested in this venture, and bids man, and thought it expedient down as

the outlook regarding for the supply of bases will be to let them all remain. the finished product is brighter.

CT a

tendered.

"Flash: Brokers Loans during The present rapid transit service,

the past week amounted to $903,-is by motor-bases, whose fare is 000,000.

Latest Quotations

Chairs Thrown

a ten cents flat rate. Some of the At about midnight Milton at- present bus routes are only three tempted to strike a coloured to five miles in length. The Muni-man who was leaving the club.

also threw cipal Government believes that it and

a bottle of The following quotations were is more economical to use electric-whisky in his direction.

ity than petrol as fuel for public Mrs. Lewis then said that she received by Beater:--

did not like niggers, and added, Prev. To-day's vehicles.

"Let's break the show up.” She threw a chair towards the proprietress, and it crashed on

close

494 49 AUDITOR'S ANNUAL

N.Y. Cotton'Oct.... 10.50 10.44

11.56

921

NY/London

cross-rate

NY. Rubber. Dec... 1175 Chicago Wheat Dec. 93 Chicago Corn Dec. 57 Montreal Silver Dec. 66.17

65 Silver Official

Dow Jones Averages

56

$6.20

65%

30 Industrials 13401 133.33 58 off. 120 Raïs ... 37.25 36.75 50 off

REPORT

Accounting Methods

Criticised

to the counter, smashing a

of number

Other glasses. chairs were thrown, and Mrs Harrison. becoming alarmed, took refuge in her office.

When she left the club was

The annual report of the Gov-(deserted, and about £35 worth 20 Utilities: 26.71 26.48 23 of ernment Auditor, Mr. P. L. Collis- of damage had been done to a

40 Bonds

96.72 -96.66 - 06. of

| 11 Commodity

·Index ...

53.58 53.23 35 of Business Done:-1,880,000 shares.

son, which has just been issued piano, furniture, and electric contains certain criticisms on the light bulbs and fittings. methods of accounting employed, particularly in regard to the re-

Warrant Obtained

After a warrant had been ob- COMMODITY PRICES demption of the Inscribed Stock

Loans of 1893 and 1906 and thetained Mrs. Harrison met flotation locally of the 31⁄2 per cent. Hughes and Milton by appoint- ment at a public-house ton Another matter specially refer-

money to stop the proceedings. Prev. Yesterday red to was the theft and subse Suggested that she should take Closing Closingquent disposal to a private firm of and Hughes handed her £10.

The police, who had been in- an expensive drug from the Medi- cal Department when at the formed of the appointment quest of the Department, an were present, and arrested Mil- tensive examination of the account-ton. Hughes and Mrs Lewis ing for this particular drug was afterwards gave themselves up the police. Later Hughes conducted by the Auditor's depart-to

again went to the club and handed Mrs. Harrison another

January March

.... 2/- 21%

Credits 4 months" sight - 2/14-

On Shanghai

132

.U.S.$6,000,000.00

On Singapore---

2.183,633.06

$56

870,731.05

On Japan→→

BRANCHES:--

On demand

1697%

Amatenčam Antsorry

Geoca

307an

On India-

Balatoes $18 -

Glasgow

Saples

On TT and demand

1323

Baguio Gold 24 cts. n.

The Bres of the above Bank = conduct ed by the HONG KONG AND SHANGHAT BANKING CORPORATION, Baies may be abteised on plcation.

Baule

Berlin

Bombe

Bernem

F-

Harman Farnberk Here RedeThe Innoriadores -Compas

Pitarc

Pario

On New York-

Benguet Consolidated $12.10

Priping

On-demand

493%

Benguet Exploration 13 cts. Ila

Rotterdamn Forne

Credits 60 days' sight

514

Benguet Goldfeld 10 cts

Cas

On Batavia-

Big Wedge S. cts. n.

やは

On demand

72%

Gold Creek 30 cts. D.

On Paris-

Gold River 7 cts. x.

On demand

747

Credits 4 months' sight...7921⁄2

On Saigon

On demand

74%

On Manila-

On demand

9834

On Bangkok

On demand Sovereigns bank buying rate 2/- Personal investment accounts Bar şiver per oz handled

Bar silver in Hong Kong

9234

Venz; Goldfield $2.30 . ̈ ̈

293%

30TML

Docks, etc.

inom.

par 3% pa 31 dis. par.

HK and K Wharves (new)

$741⁄2 n

HK and K. Wharves (old)·

$75 n

The following quotations have Dollar Loan. been received by Beuter,

New York Cotton:- ¡October

10.50

December

10.55 10.57 10.52

10.44 10.49

10.63

10.56

May

10.69

10.63

Shanghai Cotton fold) ShJuly

10.74

10.63

ment.

Last close

10.20 1100 NY/London 494 493 493 [NY. Cotton

Oct.

10.50 10.46 10.44 May

10.69 10.64 10.53 N.Y. Rubber

Dec. Chic Wheat

$65 (1.

Spot

10.35

10.80.

Shanghai Cotton (new) $40_n. Zoong Sings Sh. $81⁄2 1 Wing On Textiles Sh. $25 1.

Lands, Hotels, etc.

New York Rubber:

September

11.55.

11:38

December

11.75

11.56

HK. and S-Hotel $5.40 &

January

11.82 11.63

1166

11.64

FK Lands $24 z..

March

11.98a

1210b

11.80 11.92

Dec.. May

93 91

93 943

Chic Comm

Dec. May STOCKS:--

J

Shanghai-Lands Sh. $2011⁄2

Chicago Wheats

37

56

Metropolitan Lands Sh. $10

September

575%

Humphreys $32 D

[December

912 921/4

Chief Manager

L. GOCKCHIN 'Asst. Manager

LI SHU FONG

Ass Manager Elec Bond &

Amer Smelting 474- Con Gas of

NY

47

473%

H.K. Realties $4 n.

May

94

9336

Chinese Estates $88

28.

27*4

28

China Realties Shi$4 n

Chicago C

China Debentures Sh.$123. n.

September

771⁄2

7534

Share General Motors-46

135

13%

1334

Public Utilities

December

57

06**

45%

Iat Tell & Tel 114 Loew's Inc

11%

46 11%

May

5+%

6734

41%

44% 45

Winnipeg Wheat:-

Montgomery

Ward

37

36

37

NY. Central

26

20%

26/2

October December

8934

90

Standard Oi

May

921⁄4

NJ. 2 45

44

U.S. Steel

44% 46 46744

New York Sugar:-

September

2.58

2.55

December

2.51

2.49

no

2.06

2.06

2.07

2.07

May

2.12

2:12

| over.

New York Suk:-

September

1.79%

1.80

December

1.70

L.69%

March..

1.69

1.69

Montreal Silver:

September

68.85

December

January

65.95

66.31

66.20 66.00z 66.10 66.60 66.75

Every dewcriptios of Banking and Ex-lanom be traced. Lam created on approved secerities.

Cureat Acousti opraad vis” Laral, Curmere and Fixed Impunity, recover for abe abarter periods in Local and Foreign Curryches on terms which will be quoted on applicaticii

Safe Deponis, zonat

XAN TONG, PG,

Chief Hanage

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 counts opened. Fixed Deposits re reived at rates which will be quoted on application. Special rates given

Trusteeship and Executorship wa derzaken. Safe Deposit Boxes for hire.

THE CHIA & SOUTH-SEA BANK, for Special deposits.

LIMITED

(Incorporated in China)

Head Office

Capita!

Reserve

Branches

Fortify

Eachange

Bueinana. Prazmautað...

Shanghai

57,500,000.00

..$1,500,000.00.

All Important Cities! in China

Baxing

| Current sold. Sanne Accounts opened, and Fixed; Depontotted for one year or shorse perioda -

at rates who is will be quited on application.

SOC Z. CHANG,

RONG KONG BRANCH:

Manager.

26. Voeux Road, Central

Manager'a Úlce

Foreign Exchange. Dept.

„General Ofice

Saint

2

37-300

Kaser

THE YOKOHAMA SPECIE BANK

AMITTED.

Established 1880.

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

Yen. 127,450,000

Head OfficeYOKOHAMA

Brantner and Agencies atr

Alexandria

Batavia

Berlin Bombay

Xagasaki

Nagoya New York Osaka Paris

Priping Dairen (Daly) Rangoon

Calcut

Canton

Hamburg

Hankow

Harbin

Fong Kong

Honolulu

Fengthen Makden) Rio de Janeiro

San Francisco

Seattle Semarang Shanghai "Singapore Sourabaya

Sydney Tientam Tokyo

Asinking

Karier

Kobe

London

Los Angeles

Manila

Moj

Painotau

Yingkow

Interest Blowed for Corent

ceived for fixed per rates to be obtained on applic

KISHI

ong Kong, 12th September,

PHILIP GOCKCEIN

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up ... $5,000,000,

Reserves

$7,300,000. Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head Office Shanghai

A Bank having as its mission the industrial; development an China and the fostering of ber commercial relations abroad. Hong Kong. Office-i

7, Ice House St. Phone: 3142-2-3

Is It Insured?

Insurance All Classes -LOWEST RATES A

46%

BERLIN SHARE

MARKET

Confident Outlook Continues

**CHINA - MAIL.“ SPECIAL

Berlia, To-day. The confident outlook that pre- vailed on Wednesday continued yesterday, partly because the re ports of the public response to the offer of the Reich Treasury bonds indicates that in all pro- bability the issue will be over subscribed, and partly because of the proclamation of the Fuehrer, taking a hopeful view of the question of the supply of raw TK. Office materials. The turnover was

Asia Life small, but prices were better.

Fixed interest securities were Bailding Tel. 30214 quiet, gold mortgage-bonds and communal loans being neglected. Call money was at 3% to 3% per cent-Trans-Ocean Service.

American Asiatic Underwriters

Fed. Inc., USA.

General Agents

Head Office 17, The Bund

Shanghai

QUALITY PRINTING With Quick Service

The Hong Kong Stock Exchange have received a cable from Messrs. Derrick & Co., Local Secretaries in Singapore of the Raub Australian Gold Mining Co. Ltd., announcing the output for the four weeks ending

September to be 1654 ouECER »

HK Lands 4% Debentures $100 May

H.K. Tramways $11.30 s Peak Trams (old) $51⁄2 3. Peak Trams (new) $5 Star Ferries $784- Yauma Ferries $17.60 n.

C. Light $8.05

HK Electric $52.b. Macao Electrics $20 n. Sandakan Light $9 6. Telephones (old) $1934 8. Telephones (new) $8 s. China Buses Sh.$11 n. Singapore Traction 10/6 n Singapore Pref. 22/6 b.

Industrials

Malabon Sugar $81⁄2 ̈n.

Cald Macy. (Ord) Sh$1924 1. Cald: Mack (Pref), Sh$13 Canton Ices $1.20 1 Cements $2.90 1 HK Roper $2.15 n. Stores, etc. Dairy Farms $1534 3, Watson n.

Lane, Crawford $3 n. Mackintosh $7 2 Sinceres $5 n-

W Powells 70 cfs. n. Wing On (ELK) : $55, B.;

Miscellaneous

Entertainments $4 n.

S. C. Enterprises $1.85.x. Macão "Greyhounds" $2 n. Constructions: (old) $1.10 Constructions (new) 25 eta. Vibra Piling $4′′ Ch. Govt 5% 1925 G$Bds.

90%

prem

HX Gort

alace

4% Loan 6%

%% Loan 2% presi

January

March

March

-

WOMAN'S LETTERS 10, and she had to some ex- tent repaired the damage done.

Prosecutor's Name

Not Disclosed

“BEST 12 YEARS OF MY LIFE

London Mrs Dora E Steele, 51, whose address was given as a post-office in the West End, was summoned at Bow-street Police-court for

"These people." added "Mr. Knight. "were out for violence. and without any provocation smashed up this club. It was an abominable thing to do. This kind of terrorism can only be dealt with in one way.”

Completely Wrecked

evidence.

Mrs. Harrison, in said that the Aloma was not a

sending letters likely to cause registered club, but private bot-

mantle parties were held there.

as

breach of the peace to a whose name was not disclosed.

Miss Fay McPherson, an em- Mr. Eustace Fulton, prosecutployee at the club, said that ing, said that the prosecutor in Miton whom she knew the case formed an association College Harry,” threw a table with Mra. Steele some years ago towards the bandstand, and 9234 and she had been sending him Hughes began smashing the letters demanding money with electric lights. She ran into menaces.

the office and heard the smash- The magistrate said there was ing going on for about five before him for minutes. The place was com- blackmail, and asked Mrs. Steele pletely wrecked.

The hearing was again nd- journed

gummons

if she was willing to be bound

Mrs. Steele: I quite agree, but Tfeel that this man has had the best 12 years of my life.

Bound Over

REICHSMARK QUOTATIONS

The magistrate bound Mrs. Steele over in her own recognis- Berlin, Today Reichsmark ances of

525 to keep the peace quotations (without - guarantee) Jare: New York, 40.25, Paris, 610; for 12 monthswath

Shortly after the termination Amsterdam 69.555; and London, of the case Mrs. Steele returned 12.295. The Paris sterling quo to court, and it was stated that tation is 74-9, and the dollar, 15.- she had refused to be bound over. 1756 Trans Ocean Service,

“This man is a married man,"

RAW RUBBER PRICES she told the magistrate "Be

Latest Quotations From

Singapore

sent a solicitor to buy my letters

from me and I thought I had given them all to him, but I found I had not. There was no blackmail. 77

Messrs. H. B. Joseph & Co. have The magistrate ordered. Mrs. received the following Straits Cur-Steele to be bound over, whether [rency quotations from Singapore she consented or not.

for Raw Rubber

Spot 18 down b. 18 s The Hong Kong Stock Exchange October/December 18% down) have received the following cable to

day from Messrse:«Derrick & Co., b 19 B January/March (1936) 19% lccal Secretaries of the Baub Aus Moda kreslian Gold Mining Co., Ltd., Stiga- ending 31st: ~ March down pore. First interim dividend 14.

1936

able: on 30th.

Apri

19 £

936) 20

per

ATA

Jerome

Keen's

dazzling musicali stape bit, screen="

ed in splendor!

TAR