1935-09-24 — Page 6

BANKS

HONG KONG AND SHANGHAI. BANKING CORPORATION

Authorised Capital

Issued and Fally Paid-up

Reserve Funds-

Sterling

6,500,000

Silver

0,000,000

Reserve Liability of Pro-

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

$50,000,000

20,000,000 Incorporated by Royal Charter, 1855.

HEAD OFFICE HONG, XONG.

BOARD OF DIRECTORS

E. Doc Esq.

Chairman.

C. Abt. Enq

Deputy Chairm

T. X. Graybara. Eng.

Chiad Manager

HEAD OFFICE: LONDON

Paid-up Capital

20,000,000

Reserve Fund

53.000.000 £3,000,000

Reserve Liability of, Pro-

prietors

$3,000,000

Agencies and Branches:

Vor Eter

Rangoon

Asarituar

Ipok

Bangkok

Kang

Bombay.

Calmesta

Xabe -Kuala

Shangai Singapore

Cate

Levenpor

Cawupore

wwwerabaya.

Caba

Xatras

Taiping

Colombo

Xenila

Medan

Frosted

Haiphong

New York

(Bhone)

Hamburg

Pipine

Tsingtao

Renkow

(Peking)

Takebeta

Farble

Zamboanga

Hoor EDGE

W. H. Bell, Esq. K. S. Marrison Es

A. H. Compton Esq.

M. T. Johnson, E3 Hon. Mr. J. J. Paterson,

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

AMOT

BANGKOK

BATAVIA BOMBAT

CALLUITA

CANTON

CHEFOO

CN.GMBO

DAIKEN

PREOW

HAIPHONG

HAYBURG

HANKOW

FARRIX

HONGEFT

TLOILO

IMOR

JORORE

KORE

KOBLOK

BRANCHER—

LONDON

LIONS

MALACCA

MANILA

MTAR (Lobor)

MITADEN

NEW YORK

PELPING

PENANG

RANDOOS

SAIGON

Penang

and

Commerce

Finance

LOCAL DOLLAR STEADY

Silver Prices Rise

The local dollar is steady. opening on demand this morning at 2/0

Both "spot" and "forward" silver prices. however, advanced 1/16 to 29-35/16.

The London on New York cross- rate was quoted at £-US$4.917, as compared with £-US$4.91%. while the New York, on

cross-rate was quoted Cautral Accounts opened and and Depot US$491%, as compared with

}£—US$4.911⁄2-

Formen Exchange sad General Banking bustness trusancted.

racufved for one year or skorter perioda si rados which will be quoted on application.

A. BREARLEY.

Manager

Hong Kong, 1st January, 1995.

STALA LUMPUR

SAN FRANCISCO

SHANGHAI

SINGAPORE

SOURABAYA

SUNGE FATANI

TIENTSIX

TOKYO

...STNOTAO

TOKOHAMA

Current s'oprord to Local Currency and Frend ngenaire storived for our gear, or «borser. periarla in Lees! Curreery and Sterling. afuta whimsh will be quoted on applicat Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK

The Best of the above Bank in condues od by the HUNG KONG AND SHANGHAI BANKING CORPORATION, Balen may b ablazeć od prication

* FUE TIN HÀNG LONG AND KHANG BANKING CORPORATION

旷

THE

d

Lon-

at

SHARE MARKET

H.K. Stock Exchange Official

AMERICAN EXPRESS COMPANY. Summary issued at 1230 pm

INC

Head Office: 65, Broadway, New York

_U_S_$6,000,000,00 2,189,633.06 870.731.05

Capital

Surplus

Reserves

"BRANCHES:-

Armeerdam

Milan **

Naples

· Antwerp

Atheros

Bale

Berlia

Bocobay

Bretzen

Brosnala

Cairo

Chief Manager."

V. GRAYBEEN,

Hong Kong. et. February, 1955.

THE BANK OF EAST ASIA, LTD.

Authorised Capital Paid-up Capital

$30,000,800.00 --internetan⇓ 5,506,800,00 Remarie and Undivadiva Prod 2,480,000.00

HEAD OFFICE: HONG KONG 10, De Vex Road Central

BOARD OF DIRECTORS:-

bie Shou-se Chow, Chu. Jan

Li Koon Chus, Fac. P. I. Ewok, Esq. Wong Ten Tons. Eng. Chan Ching Shak, Em Li Lao Fang. Eng Wang Cha Son. Eng. sad. Ean Ying Po, Zag.

Batavia

Bota

Tan Tong To. Em.. Chief Managır. Li Im Fang. Engu. Stacager.

BRANCHES AND AGENCIES —

Calcutta

· Caschenz

Haiphong

Lobe

Kowloo

Manila

Melbourne

Sevill

Nagunaki

New York

Shengba Singapor

Osale

Sourabaya

Par

Swadow

Saigyn

bydney

Taiboks

Tientsin

Tokyo

Vancouver Tokohama

Calcutta Consen Colombo Copenhagen Dukde Edinburgh POPNICE Genera

Grat "Ginagow

The Hague

Harm Hamburg

Faidai Dery

De Juronaless

London Liverpow LUNOPENE Lucan

Leer

Marsonies.

Monte Carlo Man Munich Montrea

PITTUR Paris

Priping

Rotterdam Roc

Fanghai

Southampton

Singapore

Tentair

Tecumina

FRCOA

Venice

Tokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal investment

handled.

accounts

to-day-

The market continues steady little business passing. with Unions were booked at $375 and Electrics at $5234 ex-div.

Banks of East Asia $60. sa Union Insurances $570 br $375

Benguet Consolidated $11 s Langkats (Single) Sh.13 s.. Hotels $10 b.

A

b.

H.K. Lands $23 - $23 sa. HK Trams $10 b. $10.85 sa- China Lights. $7.85 b. Electrics (ex. Div.) $521⁄4 $53 ́s $52/5233-sa. Telephones (old) $18 b. Telephones (new) $6 b Cements $3 b. H.K. Ropes $2 s.

Gort 34% Loan-15% Prem. b.

EXCHANGES

TO-DAY'S QUOTATION

The Company offers to intending Travellers the use of its “Travellers On London-- Cheques" and Letters of Crédit and,

in addition, the world-wide, services of its thoroughly equipped Travel Department

E. W. DUGGAN.

On demand

LOCAL SHARES

TO-DAY'S QUOTATIONS

Banks

NEW YORK STOCK MARKET

Market Somewhat Steadier

BUT RALLYING POWER LIMITED

In their market report, Messrs.

DEVELOPMENT OF KWANGTUNG

Second Three-Year Plan Envisaged

GREAT PROGRESS ALREADY MANIFEST

NEW ADVERTISEMENTS

HONG KONG ST ANDREW'S SOCIETY

THE

GENERAL

ANNTIAL MEETING of the shove Society will be held in the Board Rocm, Messrs. Jardine: Matheson & Co. Ltd, on FRIDAY, 27th con-September, 1985, at 5.45 pm, for

Canton.. to-day.

now

The Government is

etc.

The following is the list of ocals E. Levy and Company, corres-templating the drawing up of the purposes of receiving the share quotations issued to-day

pondents for Messrs White Weld second gigantic plan for the deve Annual Report and Statement of and Company, New York, state-lopment of Kwangtung. The first Accounts for the year ended 31st and of electing "Stocks: More re-assuring news Three-Year Plan was adopted first August, 1935 dispatches from Europe over the in 1983 and will conclude by the ice-bearers for the ensuing year, week-end served to steady the mar-end of this year. During the past kets to-day, but any intensification three years big strides of progress of the Italo-Abyssinian crisis have been made in all «districts- would again put prices to the test such as the erecting of factories of last week's low levels. Mean-and mills, the opening up of mines while, rallying power is doubtless-and the establishment of public y limited. Business done: 1010.- hospitals and houses for the poor COMMITTEE OF FIVE'S

HF. Bank $1,010 1: HK Bank (London) £104:11. Chartered Bank £3** ** Mercantile Bank A. and

52934 m2

Meccantile Bank C. £13 1. Bank of East Asia. 176.82,"

Insurances Canton Ins. $180 n. Unifon Ins $370 h.. $375 38. China Underwriters $L10`x. China Fire Ins. $382 n.“ HAR Fire Lins. $180 n. International Assce. $4. n.

... Shipping

Douglases $36

FK Steamboats $4 m. Indo-Chinas (Pre£.), $30 n. Indo-Chinas (Def), $12 m Shell (Bearer) 68/1 Union Waterboats $11.

Mining

Antamoks 78 cts n Balatoes'$14 m. ^ Baguio Gold 24 cts. n. Benguet Consolidated $111⁄2 S Benguet Exploration 13 cts: 11. Benguet Goldfield 10 cts-n Big Wedge 8 cts. a

Gold Creek 30 cts. n. Gold River 7 cts. n. Ipa Mining 90 cta. u. Itogons 364 cha I Salacots 15 cts. n. Kailan Mining Ad. 11/- n. Langkats (Single) Sh$13 s. S'hai Exploration Sh$41⁄2 7. Shai Loans Sh. $51⁄4 *. Ranbs $74-Do

Venz; Goldfield $2.30 1

Docks, etc;

000 shares.

etc

EM BRYDEN, D. S. BORE.

Joint Hon. Secretaries.

PROPOSALS

"Wheat: Moderate hedge sales ́ ́A_detailed report concerning" "the) Jon the Chicago Exchange were results of reconstruction will be well taken." The supply position is made by all. the magistrates and bullish and we expect some tech-the Commissioners of the Pacifica- nical and corrective setbacks. The tion Districts; and, based upon Abyssinia, and the two Govern-

(Continued on Page 11) Latest Quotations

(Continued from Page 9.)

trend appears to be upward. these reports the second Three-ments would therefore welcome- Total sales: 22,847,000 bushels Year Plan will be carefully shaped the conclusion of an economic

It is learned that the second agreement, between Italy Comm: 3,625,000 bushels.

and Plan will lay stress on promoting] Abyssimia, provided such agree="

education, relieving thement respected the rights of their encouraging nationals or those granted to Eng. etc-Centrall land and France by existing

treaties.

mess

farming

The following quotations were small received by Renters

villages, industries,

IMPORTANT CONVERSATIONS

Geneva: Two important con="

BERLIN SHARE versations took place yesterday

Press

Prev. To-day's

-lose

XY/London

cross-rate

491

NI. Cotton Oct... 10.45 10.48 11.62 MY Rubber Dec. 11.65 Chicago Wheat Dec. 991⁄4 98%% Chicago Corn Dec. Montreal Silver Dec. 66.75 Silver. Oficial ........... 65%%

Dow Jones Averages

38%

66.80

38%

$59

30 Industrials 128.78 129.55 277 up 20 Kails... 35.07 35.23 16 up

20 Utilities

4Q Bonds

11 Commodity

24.51 24.86 35 vp

9615 Hà 20 tỷ

Index

55.24 - 55.18 .06 I Business Doze:-1,010,000 shares.

COMMODITY PRICES

MARKET

Continued Sag. In Prices

**CHINA MAIL" SPECIAL

Berlin, To-day-

was

afternoon in connection with the Abyssinian problem. The Italian delegate, Baron Aloisi, conferred for an hour with the chairman of the Committee of Five, Senor de Madariaga, who informed the re- presentative of the Duce of the opinions expressed by the various

After Saturday's partial remembers of the Committee in the course of yesterday's sitting, and covery the share market again weaker yesterday, under also concerning the further pro- the influence of the more pessi-cedure to be followed. mistic news from Geneva Al- Mr. Anthony Eden paid a visit though prices were inclined to to M. Laval, with whom he stayed sag oa the whole, some stocks closeted for an hour.

It is anderstood that England The following quotations have improved slightly in response to

intends to induce the League buying orders. Call money was at

Council · to refer the Italo- Prev. Yesterday 3 per cent-Trans-Ocean Service

Abyssinian issue to the League Closing Closing

Assembly.

HK and K Wharves (old) been received by Reuter.

$74 n

HK and K Wharves (Dew)

Cotton Mills

Ewo Cotton Shu 3630 n Shanghe Cotton

+

Shanghai Cotton (new): $60

$65.

REICHSMARK QUOTATIONS

HOSPITAL SHIP FOR CORFU Athens: A British naval squad- Berlin. To-day. Reichsmark ron consisting of 15 units will quotations" (without guarantee) arrive at Corfu to-morrow, accord- yesterday were: New York, 40.24; ing to despatches received here, Paris, 610; Amsterdam, 59.4; and and will remain at anchor before London, 12.22. The Paris sterling the island until October 10, pro- quotation was 7476, and the doFvided no unforseen circumstances lar, 151825.-Trans-Ocean Ser- arise Ivice

PRODUCTION OF

FUEL ALCOHOL

Found Suitable For

Government Use

The despatches state that the squadron will be accom-- panied by a hospital-ship, this being the first time since the Great War that a hospital ship has pat to Bea

SENEGAL SHARPSHOOTERS › Paris: A battalion of Seneral sharpshooters, composed of 800 volunteers and destined to rein- forces the garrison at Djibouti in French Somaliland left Toulon yesterday and will embark at The establishment of the Fuel Marseilles to-morrow. Trans- Factory has been completed and Ocean Service.

$TZ AL

On T.T. and demand

2/-/

4 months' sight

2/34

FK and W. Docks $9 1. Providents (old) 55.cts. 1. Providents (new) 20 ets. ne

New York Cotton:-- October

December

January

Credits 4 months" sight ..

2/13

Hong Kew Sh. $240 m.

March

Manager On Shanghai...

New Engineering Sh. #4 n.

May

Shanghai Docks Sh.$78 n.

July

121

Spot

10.80

10.46 10.48 10.51 10.55 10.57 10.59 10.64 10.64 10.71 10.70 10.76

10.45 10.85

New York Rubber-

On Singapore--

On demand

On demand

8534

1714

(old)

S., September

11.43

11.41

December

"11.66 11.62

On India.

On T.T. and demand

133

Zoong Sings Sh. $14 n. Wing On Textiles Sh. $25 n Lands, Hotels, etc.

January March

1174 11.68

11.88b

1185

May

12.04a

12.00a

Chicago Wheat:

On New York

On demand

193

Credits 60 days' sight.

51

HK and S. Hotel $310 b. H.K. Lands $2374 b., 523 sa HK. Lands 4% Debestures $100

September

98

96%

December

99

983%

May

99%

9834

Chicago Cora

On demand

7234

On Paris——

Shanghai Lands Sh. 12041⁄2 z. Metropolitan Lands Sh. $10 ́n.

September

$1%

814

December

58%

58%

On demand.

750

Credits 4 months" sight

Saigon

Humphreys $12

May

58%

53%

795

HK Realties $41.

Winnipeg Wheat:

Chinese Estates $88 n.

October

94.

934

On demand

7434

China Realties Sh. 4 n.

December

944

93%

bas formally started functioning:

China Debentures Sha123 11.

May

9824

97

9834

Public Utiliti

On demand

9214

HK. Tramways $103 D., $10.85

|New York Sugar:----

September December

2.49

2.52

·2.53*

The alcohol produced has proved to be both cheap and excellent fuck for automobiles. The Provincial Government has ordered all its de

Peak Trams (old) $51⁄2 z Peak Trams (new) $5 n

January March

2.13

2.14

2:15

2.15

May

219.00

219

Star Ferries $78 n.

partments to purchase this alcohol Z gone .. for use in their own, cars, Central Fress-

Everything

BUT YOUR

SAVINGS

July

2:24

Copper cents

| New York Sik:-

September

*186

1.952

December

March

174

1.81

Montreal Silver:

September

66.70

December

66.67 66.80

Canton, to-day-

Y

Paising

Penang-

Rangoon

San Francisco

Every description of Banking and Exebangs www.cess transacted. Lose granted on approved.

equities.

Current Acconta opened in Local Currency one year or and Fixed Deporte received. for shorter periods in Local and Foreign Currencies a terme, which_wil be quoted on application.

Ba's Deposit Boxes To Let

TAN TONGO,

Chief Massger.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China) Head Office Shanghai

Capitzl

Reserve

Branches

Foreign

$7,500,000.00 ...$1,500,000,00

THE WING ON BANK On Japan-

LIMITED

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.

hire.

On Batavia--

On Manila-

On demand.

Camrent Accounts and Savings Ac- counts opened. Fixed Deposits re ceived at rates which will be quoted on application. Special rates given On for Special deposits.

Trusteeship and Executorship dertaken Safe Deposit Boxes for

PHILIP GOCKCHIN. Chief Managem L. GOCKCHIN- LI SHU FONG Sovereigns bank buying rate..2/1 Backing Asst. Manager

Asst Manager Bar silver per oz.

29-5/16 Bar silver in Hong Kong Copper cash

.All Important Cities!

in China

and General Exchang Carver and Saving Account oproed and Fixed. Deposita revived for con year or shorter periode

́es "rates, which will be quoted on application.

SOU Z CHANG

BONG KONG BRANCH:

Manager.

Tel. 356 BESON

24. Des Toruz Boad, Central,

Manager's Offer

General Q50%

Foreign Exchange Dept.

Ombier's Of

THE YOKOHAMA SPECIE BANK

UIMITED.

Established 1880

Capital (full paid-up) Tem 100,000,000 Beserve Fund Yen. 127,450,000)

Head Office: YOKOHAMA

Branches and Azencies at:

Alexandria Bataviz

Berlin

Bombay

Calcutta

Canton

Naguyas

**** Nagasaki

New York

Osaka,

Faria

Peiping

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

$5,000,000, $7,300,000.

Reserves Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000.

Herd-Offer . Shrägħal 20

"A' Bank having as-its-trission the industrial development 01

China and the fostering of her commercial relations, shread Hong Kong Offres

7, Ice-House St. Phone 21453-2-3

Dairen (Dalny) Rangoon

Fengtien Mukden) Rio de Janeiro

Hamburg

San Francisco.

Is It Insured?

Hankow

Harbin

Seattle

Semarang.

Wentzin

Tokyo

Painotan

On Bangkok--

Eate of native interest

Chinese Sub Coin Hong Kong ma con

par.

3% pa 31% dis par.

NEW YORK STOCK EXCHANGE

September 24 The following quotations were re- peived by Reuter:—

**: May"

Last close 10.20 17:00 4,91% -4.91 4.91

10.46 10.49 $10.49

10.71.10.71 10:21)

1166 EL.60 11:60

Yazmati Ferries $17 n. C. Light $7.85 b

HK. Electric $2 b. $53

$5245/5234 sa ex div. Macao Electrics $20 -a, Sandakan Light 13.a. Telephones (old) $18 b. Telephones (new) $81⁄2 'n. China Buses Sh‡113⁄41⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6 n..

Industrials

Malabon Sugar 381⁄2 2. Cald Macg" (Ord) Sh 1932 n Cald: Marg. (Pref.), Sh. 18 n. Canton Ices $1,80 mi Cements $3 b. HK Hopes $28.

Stores, etc Dairy Farme#T Watson $8.

Lane, Carlord 38 Mackintosh 37a Sinceres $5.

W Powell's 70 chi, n. Wag On (EK.

NY/London NY. Cotton

Oc

N.T. Rubberé

Dec. Chic Wheat

Dec

992 99%***

Chic Comm

Dec 5% 58% Bisy STOCKS:

58%

58%

58%

Amer, Smelting 47%

Anaconda

4 Copper

20%

20%

derwriters

Con Gas

$26%2

$110

Elee Bend de

Share

General Motors 44

Vibro

Int Tel & Tel

Loew's Lic

Montgomery

Fong Kong

Honolulu

Asinking

Karachi

Robes

Londen

Los Angeles

Manila

Shanghai

Singapore Sonrabaya

Sydney

Tingkow

*Interest" milowed for:

Deposits received

stes to be obtaine

Hong Kong, 12th Sept

Americen

Fed. Iac, USA::

General Agents

Head Office

Current Ac

Jasary March

1.74% 1812 RAW RUBBER PRICES

66.802 ·66.701 67.25 67.05

WAY TO ECONOMIC RECOVERY

Trade Barriers Must Be Removed

London, To-day." Speaking in the second Com- mission of the League Assembly yesterday, Dr. Leslie Burgin:|: Parliamentary Secretary to the Board of Trade, expressed the view that the local and limited signs of economic recovery which had taken place so far could only be made general by freeing the channels of international trade, and that

tish Govern- ny step

Latest Quotations From Singapore

Messin. H. B. Joseph & Co. have received the following Straits Car rency quotations from Singapore for Raw Rabber:-

Spot 18% Down 1⁄2 by 18% October-December 19 Down

b 1948

January-March (1936) 19%

Down % 19% 3- April-June (1936) 20% Down

2 b 20% B Market Uncertain

SILK WEAVING IN KWANGTUNG

Government Factory To Be Extended

Canton, To-day. The Kwangtang Spinning and

ing Mill, owing to the con

growing demand by the arket for its silk goods, has OF red additional supply of a

of nev

ployees

the

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE, SOMETHING

START NOW UNDERWRITERS SAVINGS BANK FOR THE FAR EAST,

INC