1935-09-18 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION Authorized Capital ----- $50,000,000/

THE CHARTERED BANT OF INDIA, AUSTRALIA' & CHINA.

Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1853. Reserve Funds:-

Sterling

Silver

£6,500.000

$ 0,000,000

Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON

Paid-up Capital

20,000,000 Reserve Fund

HEAD OFFICE HONG KONG..

BOARD OF DIRECTORS

6. H. Dodwell, Eng.

Chairman,

C. C. Faight. Eng. Deputy Chairma

V. M. Graybuz. Eaq.

Chic MasagET.

Reserve Liability of Pro-

prietors

Blor Far

Bangkok Batavia

Bonbay Calcutta

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

A. E. Compton Esq.

Agencies and Branches:

Karnak!

Kobe

· Rangoon ·

Kairon Saturate Seremban

Sineupore Sitiawan Sworubaya warping

STHER CHINA MALL, WEDNESDAY, SEPTEMBER 15, 1935.

and

Commerce

Finance

LOCAL DOLLAR

• IMPROVES.

Silver Prices Fall

The local dollar has advanced, | opening op demand this morning

at 2/-3

m

Cuwapore.

Cabu

M. T. Johnson, E14+ Colombo Hon. Mr. J. J. Paterson,

De

G. Miskin, Esq. T. E Pearce, Baq,iphong

AMOY

BANGKOK

BATAVIA

RONDAT CALCUTTA CANTON ~CHEFOO

COLOMBO

DURES

FOOCHOW

HUFHONG

RAMBERG

HAYTOW

HARMIN

HONGLEW

TOR

COFORE

ZOBE.

HOWLIN

BRANCELES --

LONDON LYONS

MALACOL

MANIZA

MAS Jobore)

MURDEN

NEW YORK

PEIPING

SENANG

RANGOON

SAIGON

SAN FRANCISCO

XUALA LUMPUE

SHANGHAI

SINGAPORE

SOURABAYA

SUNGET PATINI

TIEXTSIN

ΚΩΣΤΟ

TSINGTAO TOKOHAMA

Current Aurogste opranč iz Local Currency sad Fized Thposite morised for one year or shorter periods in Loent Currency and Sterling on teeth which will be quoted on application.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

The use of the above Beat in conduct

ed by the HONG KONG AND SHANGHAT BANKING CORPORATION Rules may be obtained on application

FOR THE HONG KONG AND SHANGRAT BANKING CORPORAZION.

F., M. GRAFEURS,

Hamburg Kamkow Harbin

Bos Tone

Lampor Kechios

Marila Medan New York Piping

__(Poking) Prosag

(Barukor)

• Rington

Tokobacz

·Zamboanga.

however,

fell

Silver prices, "spot" 3/16 to 29-3/16 and for ward to 29-5/16.

The London on New York cross- rate was quoted at £-US$4.9478. as compared with US$494,

Forsige Brobsage and Cheral Banking beskou while the New York on Lon-

Cerret Ancoats. cosaed sod Fund Deposita received for one year or aborter periods at which will be quoted an application.

A. BREARLEY,

Kanager Heng Kong, 1st January, 1935...

THE

idón cross-rate was quoted-at £-U.S.$4.53%, as compared with S–US$1M.

EXCHANGES

TO-DAY'S QUOTATION

AMERICAN EXPRESS COMPANY, On London--

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

US$6,000,000,00

Reserves

BRANCHES

Amsterdam

Antwerp Athena

Gencs.

Glamo

2,183,633.06

870-731.05

On demand

Ou Japan

Havre

Heidelberg Interinken.

Lodon Liverpool

Shanghai. Southampton

Syogapara Tenders Taormina

Banks

LOCAL SHARES

TO-DAYS QUOTATIONS

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

HK. Bank $1,015 sa. HK Bank (Londen) $105 1 Chartered Bank 5123⁄4 `n. Mercantile Bank A and · B.

$293% 11 Mercantile Bank C. 51234 n. Bank of East Asia $765 n.

Insurances.

Canton Ins. $180 1. Union Ins. $320 s. and xa. China Underwriters $1.10 1. China Fire Ins. $582 n HIM. Fire Ins. $180 n. International Assce. $6 n.

Shipping

Donelases $36 m.

HK. Steamboats 34 r. Indo-Chinas (Pre£), $30 ¤ Indo-Chinas (Def.), $12 n. Shell (Bearer) 70/- 1. Union Waterbants $1332, n.

Balatoes $18′′n.*. Baguio Gold 24 cts. 5.

Benguet Consolidated $1210 Benguet Exploration 13 cts. 2. Benguet Goldfeld 10 cts n.

Big Wedge 8 cts. n.

NEW YORK STOCK MARKET

Markets Somewhat

Quieter

CAUTIOUS ATTITUDE

TO FUTURES

NOTABLE RISE

IN GERMANY'S

EXPORT TRADE

Imports Exceeded By 50,000,000 Marks

TEXTILES SHOW GREATEST ADVANCE

** CHINA MAIL" SPECIAL

Berlin, To-day.

DUTCH BUDGET DEFICIT

Public Expenditure Reduction

The Hague, To-day. The Netherlands budget for 1995 shows an estimated defcit of | 109,000,000 guilders, which is ex- pected to be increased to 119,000,- 000 owing to the reduction of

In order to meet the deficît the

In their market report, Messrs. S. E Levy and Company, COLTER- pondents for Mesars. White Weld and Company: New York, stata: The gratifying figures of excise and other duties.

*Stocks: The markets were German foreign trade for July Government proposes a reduction

quieter to-day. A cautious att when the exports exceeded the tude in the near future is advis-imports, by £2,000,000 marks in public. expenditure, saving 76,000,000, and a further 13,000,- fable, but we are not much con-were followed by still more

cerned over a long poll. Business satisfactory figures for August,000 by changes in the organisation done: 1,330,000 shares.

published yesterday, showing of the disablement fund and so- Wheat- There was some food that exports were 50,000,000 cial insurance. buying of Winnipeg cash wheat marks greater than imports, The sales tax, succession tax at 368,000,000 and dividend tax will be increas- by foreign interests. A contingathe exports tion of this favourable factor win marks being the greatest, and led by 29 per cent, and a new tax the imports at $18,000,000 the imposed on pleasure tours abroad. ultimately secure a portion of least for any single months in These measures are estimated to fits for the Chicago market. The the current year.

produce 26,000,000-Renter.

NEW MONETARY STANDARD

Abolition Of Taels Proceeding

situation regarding September

The exports in August 1985|- corn is tight, though distants were 368,000,000, as compared thought to be oversold. Total with 359,000,000 in July and 334-| sales: Wheat: 40.589,000 Sushels 000,000 a. August last year. The Corn: 5,572,000 bushels.

imports in August 1935, were "Cotton: The strength of wheat 318,000,000, as against. 331,000,– and War gossip induced consider 000 in July and $43,000,000, in able covering by short interests. August 1934 Trading on the short side is be-

The surplus for August 1935, coming unattractive. We advise as compared with July 1955, was

The Central Bank of China has purchases when hedge selling largely due to the decrease in

ipaïd out $4390,000 in exchange. esses the market et

imports in all three branches1 for 3.500,000 taels from local in- Rubber: It is logical that con namely, food, raw materials and dustrial and commercial concerns sumption facts and any bullish and manufactured goods, above all in its sixteenth redemption, fol constructive production quota textiles; whereas the increase in owing the abolition of the tael"

Nanking, To-day.

n.news at next week's meeting of exports chiefly arose through ans- and the adoption of Chinese dol- the Restriction Committee would mented: sales of finished textiles lars as a new monetary stand- result in a rapid reversal of the to foreign countries.

Trans-ard in China-Central News price trend. Total sales: 186 lots. Ocean Service.

On TT and demand

2/-/4

4 months sight

2/3

Credits 4 months" sight

2/1

On Shanghai-

On-demand.

130

Mining

On Singapore

Antamoks 80 cts. 1.

86

Un demsud

17134

On India

Tom Hague

Tapies

Aman

Натала

Hamborg

Berlin

Pirmos Paris Priping

On TT and demand

133

On New York--

Bombay

On demand

49%

Bermed

Rotterdam Beri

Gold Creek 30 cts. z.

Credits 60 days' sight

52

Gold River 7 cts. n.

Cairo

Calcutta

On Batavia-

Chief Managat.

Hong Kong. 24 Frixuary, 1952.

CALLEWE Colombo Copenhagen Dublin Edinburgh Pioration GEDETS

On demand

73%

Ipo Mining 90 cts. n.

Lugano

On Paris

Monte Carlo

Manila

Wanick

Venice Tokohama Zurich

On demand

TOT

Kailan Mining Ad. 11/6 E.

Credits 4 months" sight

80232

On Saigon-- --

On demand

75

Langkats (Single) Sh. $14 n. Shai. Exploration Sh.$41⁄2 n.- A S'hai Loans Sh. $54 . Raubs $

9934

Venz; Goldfeld $250 n.

*

9134

Docks, etc.

investment

accounts Sovereigns bank buying rate 2/1%

Bar silver per oz.

29-3/16

HK and K Wharies

$74

Bar silver in Hong Kong

NOTIL

par.

3% pa. -31% dis par.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital.

Beer and Codivided Profite

Koutras

Branches of America Express

$36,500,000.00 Company in Principal cities of United On Manila—

58,000.00 States of America and Canada.

On demand 2,480,000.56

HEAD OFFICE:-HONG KONG

34. Dos Teux Boul. Coutra...

BOARD OF DIRECTORS

Fir Shoc-san Chow. Chei zao.

Li Ioon Chus Esc. P. I. Kook Esq. Wong: Tun Toog. Eng., Chan Ching Shak, Esq., Li Lan Berg, Esq. Wong Chu Soal Zeg, and Ian Ting FC. Eng.

Kan Tuna Te Esq. Chist Moonger. Li The Fang. Eng. Hanngue.

BRANCHES AND AGENCIE

Facia

Melbourne

Chea

Paris

Sosaraboya Sestow

Amay

Emtechang

Bombay

Nagunaki

Calcatta Canton Haiphoog Karikum Honolulu.

Yo Tork

Shangha Singapore

Priping

Peranc

Lobe

Furgoon

bydney Tuibero Tencuit

Kowloon London

Følgen

Tokyo

San Francisco

Tokohama

Every description of Baaking and Exchange Bandzone Arantested. 'Iosts "granted, on, approved

Current Accounts, opened in Local Currency and. Fized Depouse received for one year or aborter periods : Local and Foreign Currencias on sarme, which will be quoted on · applicatica.

·Sale Deposit Boxes Ze Lek

KAN TONG PO

All classes of Commercial Banking On Bangkok- Transactions undertaken

On demand

Personal handled.

The Company offers to intending Copper cash Travellers the use of its "Travelers]

Cheques" and Letters of Credit and Copper cents

边

addition, the world-wide services Rate of native interest.. of its thoroughly equipped Travel Chinese Sub Coin. Department,

Hong Kong sub, coin

E. W. DUGGAN,

Manager.

THE WING ON BANK

LIMITED.

Head Ofice: Hong Kong 26, Des Voeux Road Central. Authorised Capital $10,000,000

<

COMMODITY PRICES

The following quotations have been received by Beater.

Prev. Yesterday Closing Closing

New York Cottons--- October

December

LONDON BANKERS:— Westminster Band, Ltd. Foreign Exchange and every des January eription of banking business transact March

Chint, Manager.

Current Accounts and Savings Ac- July counts opened. Fixed Deposits re-

Spot ceived at rates which will be quoted;

for Special deposits.

September

THE CHINA & SOUTH SEA BANK, on application Special rates given New York Rubber:—

Trusteeship and Executorship #December dertaken Safe Deposit Boxes for hire.

L. GOCKCHEN. LI SHU FONG Chicago Wheat:

Reserve Branches

Poreig Exchange and "General" · Banking

Busínom transacted.

Current und Saving Accounts opened and. Pized, Deposits, cited for sua gust de shorter periods at tahan which wil be quited" on application...

SOU Z.. CHANG,

HONG KONG BRANCH: 24, Der Tom Boad, Centra.

Manager's Off

Foreign Exchange Dept, immer weit 38.506. General Offe

Cashier's Office

HEAD OFFICE;

Jannary

March May

Itogons 3612 cts. In

Salacots 15 ca. 1.

Latest Quotations

The following quotations were received by Kauter:—

NY./London

cross-rate

Prev. To-day's

close close

BERLIN SHARE MARKET

494

4.93

NF. Cotton Oct.... 10.30

1044 Large Number Of Small

99% 59

66.10

NY. Rubber Dec... 11.40 1143 Chicago Wheat: Dec. 95% Chicago Com Dec. 57% Montreal Silver Dec. 66,55 Silver Oficial

63% 65% Dow Jones Averages (old) 30 Industrials 13291 received

29 Rails 36.18 36.16 02 down 20 Utilities 25.85 25.85 uzichanged HK and K Wharves (new) 40 Bonds... 96.65 96.52 13 down

$72 1

Commodity

5355 54.99 114 up. Index. ... Business Done:-1,330,000 shres

HK. and W. Docks $9 1. Providents (ald) 55 cts, n Providents (new) 20 cáx. n. Hong Kew Sh. $240 ́n.~ New Engineering Sh. $4 n- Shanghai Docks Sh.$78 n.

Cotton Mills

Ewo Cotton Sh$6 n. Shanghai Cotton

- $65 IL

(old) Sh

---

NEW YORK STOCK EXCHANGE

September 18 The following quotations were Shanghai Cotton (new) $40ceived by Renters

Zoong Sings Sh. $814 n. Wing On Textiles Sh. $25 n. Lands, Hotels, etc.

Shanghai Lands. Sh. $20% n Metropolitan Lands Sh. $10. m. Humphreys C1⁄2 BA

HK Realties $4 mi

1143* | Chinese Estates $88'1')

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

Public Utilities

Yanmati Ferries $17 n. C. Light $8.05

HK Electric $52 b.,

$5231⁄2 sa

Ikast

Purchases

·CHINA MAIL” SPECIAL

Agency.

GERMAN TREASURY" BOND ISSUE.

Oversubscribed By

Applicants

*CHINA, MAIL" SPECIAL

Berlin, To-day.

The issue of 4 per cent. 10- Berlin, To-day- year Treasury bonds has been The share market was fairly over-subscribed, announces - * srm, owing to the large number semi-official news agency. Except. of small purchases, arising spin cases where definite promises parently from the execution have been given, all allotments buying orders held back pending will be made on the basis of 88 the clarification of the foreign per cent of the amount applied political situation, and the Fue for Trans-Ocean"Service. hrer's declaration on Sunday at

the Nuremberg party. congress RAW RUBBER PRICES

The official news that the is-1 sue of 500,000,000 'marks" worth of

10-year Treasury bonds has been Latest Quotations From

Singapore

a.complete success, and that the foreign trade figures for August: reare exceedingly satisfactory, also Messrs. H. B. Joseph & Co. have contributed to the improvement received the following Straits Cure

close 10.20

11.06 in the investors" outlook. NY./London 494 494 9.94

10.30 10.36 10.36 104 105 10.53

11.42

Fixed interest securities were mostly firmer, above all city loans Call money was at 3 per cent-Trana-Ocean Service,

U.S. Steel

4334

10.30 10.44 10.30 10.47

10.32 10.50

HK and S. Hotel $3.10 m. H.F. Lands $22241⁄2 ̧ ̧¤.

| NY. Cotton

Oct May

10.39 10.55

HK Lands 4% Debentures $100 NY. Rabber

10.43 10.64

10.49 10.65

Dec. Chic Wheat

10.65

·10.80

Dec

1140 1142

95%

975

May

96%

983%

Chic Cora

11.222

Dec

LIMITED

11.40

-May

57% 57%"

57% 58

11.48

11.510

STOCKS;——

(Incorporated in China)

11.62

11.65

Amer Smelting 49

50%

195%

Head Office ...

Shanghai

Capital

$7,500,000.00

PHILIP GOCKCEIN Chief Manager

Con Gas of

11.74b

11803

264

26% 26%

$1,500,000.00

All Important Cities Asst. Manager in China

Asst Manige September

94%

9838

December

95%

995

THE MERCANTILE BANK OF May

96%

100%

HK. Tramways $103⁄41⁄2” n. Peak Trams (old) $51⁄2 n. Peak Trams (new) $5 n Star Ferries $781⁄2 1.

Mec Bond &.

Share

12%

12%

General Motors 46.

45%

Int Tel & Tel 10%

1034

Loew's Inc

44

10 43%

INDIA, LTD.

Chicago Comm:---

Montgomery

September

79%

813

| Ward 34%

3434

344

Hanager.

December

571⁄4

59

Standard Oi

15. Graceeburda Steret, London. This

May

572

59%

| NLY. Central:··25%

of NJ

Authorised Capital

£2,000,000

Winnipeg Wheat:

434 47

25/2 25%

43 40%

Subscribed Capital

1,800,000

October

90%

934

Paid-up Capital qa

1050,000

December

91%

94%

13427

945%

97%

New York Sugar:-

September

250

251

December

2.45

2.46

2.06

2.05

March

207

2.06

Data Industrials

May

212

2.11

Malabon Sugar $84 n-

}New York Silk:-

1.89

1862

December

March

*17936

1.79

178

Gald, Macg. (Ord) Sh$191⁄2 mf Cald; Macg (Pref), Sh$18-n. Canton Tees $1.80 m.)

Cements $2.90 n.°

Montreal Silver:

HK Ropes $2.15 m.

ed by the Shanghai Bankers As

¡September

66.00€

sociation at an executive meeti:

December

66.55

Dairy Farms $143%

this afternoon, to delegate.

66.90 €7.01

ager of the Sinhina Tr

Savings Bank, to go,

to petition the Leg

as regard, exempti

cheques and stamps tral News Agency.

Cen

Reserve Fund & Rest... 1,247,830.

BANKERS -

The Bank of England à. Midland Bank, Ltd. BRANCHES =

Bangkok

THE YOKOHAMA SPECIE BANK Bomber

LLITED

Calcutte Colombo

Galle

Joan Kandy

Karachi

New York

Port Louis

Pentag

January

Established 1880

Capital (fall paid-up) Yen. 100,000.COM Reserve Fund ......... Yen, 127,450,000

Head OfficeYOKOHAMA

Brancher and Agencies at:

Alexandria

Nagasaki Nagoya

New York Osaka

Hong Kong. Howrals an

·Kota Bharu

· (Mauriting)

Tuska, Lipis - Zangoos Kunle Lamper; Shanghai Kowstaa. (Pahang) Simia. Kadrus Va

Sinespoon

HONG KONG BRANCH AME Every description of Banking and Sochor September business transacted.

Travelers · Cheqzna imnoad.

Trustee and. Executorshipa ander

taken.

INTEREST. allowed on Current - Åmounta Fixed Deposits at Bates that, may

7. Queen's Boad Centralit

Hong Kong, 24th July, 1935

January Marce

Batavia

Berlin

Bombay

Calcutta

Canton

Kankurg

Hankow

Harbin

For Long

Hosolvin

Paris Peiping

ca application.

Macao Electrics $20 ». Sandakan Light $3 a.. Telephones (old) $18 b.- Telephones (new) $8 a. China Buses Sh$111⁄4 2 Singapore Traction 10/6 n. Singapore Pret. 22/5 b.

Stores, etc.

Dairen (Dalny) Rangoon

Fengden //Mukden) Bio-de-Jes

Hainking

Kobe London Los Angeles

San Francise

Seattle Semarang Shanghai

ingapore

allowed for

THE

SHANGHAI COMMERCIAL

SAVINGS BANK LIMITED

CIncorporated za Chins).

$5,000,000,

Capital paid up

Eeserves Capital Savings Dent

Reserve Strings Dept.: 3600,000.

A Bank having causing mission the industrial /development en.

China and

66.05 66.10

66.160

·66.28

Is It Insured?

General Agent

Watson $3 m

Lane, Crawford $3. D. Mackintosh $12 Sinceres $5 μ

W Powells 70 cl. 1. Wing On (HAK.) $55. n.

~Miscellaneous? Entertainments $4 n. S. C Enterprises $135 Macao "Greyhounds: $2 Constructions - (old): Constructions (new) 25 cts. n. Vibro Piling 14 1

EXEMPTIONS FROM TAXES

Special Petition To Nanking

Shanghai, To-day

REICHSBANK GOLD

RESERVE

No Change Shown This Month

•CHINA MAIL” SPECIAL

Berlin, To-day. The Reichsbank return dated September 14, issued yesterday, shows that the gold stock was the same as before, at 948 mil- lion marks The foreign curren-

rency quotations from Singapore for Raw Rubber:

Spot 18% down b. 18% October-December 183

changed b., 19 a

January-March (1936) 193⁄41⁄2 un- changed b. 19% s

April-June (1936) 20 down s b., 2034

Market:-Steadier

CO-OPERATIVE AFFAIRS

Council Nominated At Nanking

Nanking, Today

In a mandate issued yesterday,

cy reserves increased by 0.1 to the National Government formally 5.4 millions, making a total in-appointed the following as mem- crease in the note cover of 0.1 to bers of the Co-operation Commit- 100.2 millions Reichsmarks tee of the National Economic The note circulation decreased Council, with Mr. Chen Kung-po, by 25.9 to 3.855.5 million Reichs Minister of Industry, as the chair- marks. The amount of credit is-man-

sued, as measured by bills, che Mr. Chen King-po, Mr. Chin ques, advances and investments, Fen, Secretary-General of the increased by 39.4 to 4,537.0 mil Comell, Mr. Chou Tso-min, Direc- lion Reichsmarks. Trans-Ocean tor of Kincheng Banking Corpora-

tion. Mr. Ison Ping-wen, Assis

Service

• Itant Manager of the Shanghai

A special resolution was adopt BRITISH FINANCIAL Bik, Mr. Lou Tung-hstan, Mem-

RETURNS

Wang Chib-sheng, General Man Revenue Improves By

000,000

To-day,

REICHSMARK QUOTATIONS

£5,000,0

ber of Legislative Yuan, Mr. Peng Hench-pei, Director of the De partment of Political Affairs of the

ative

Counsellor of the Industry, Mr. Chao

Lien Lang Director of the Depart

Kural Planning "of Me, Tseng Chung- finister of Railways,

co-operative ing-Lang, Direc

100:00

Kong 12th

ess Service