1935-10-01 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital.

***$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Issued and Fully Paid-up 20,000,000 Incorporated by Royal Charter, 1553. Bescive“ Funds:--

Sterling. #6,500,000 Silver

$ 0,000,000 Reserve Liability of Pro-

prietors

HEAD OFFICE BONG KONG,

BOARD OF DIRECTORS.

6. E. Dodwell, Esq.,”

Chairman,

CC Inight, Esq.

Deputy Chairman.

.. Onyborn, Ing.

Chind Manager.

20,000,000 Rererve Fand

· HEAD OFFICES LONDON “ Paid-up Capital

£8.000,003

£3,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Sear

Hota

Rangoon

Kaseline

Faison

Benstok

Karachi

Semarang

Kobe

Al-

Canto

Lumpur

Seremban Khathai Singapore Sitiawan

Cavaporn

Kocking

Caba

Madres

Colonte

Taiping

Manila

Medi

Tongkah

New Tock

Priping

W. H. Bell, Esq., K. S. Morrison E3

A. H. Compton B

MT. Johnson, E

Hon. Mr. J. L. Paterson,“

Batavia. Bombay Calcutti

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

CANTOX

CHEFOO

COLOMBO TAIRES POOCHOW

- HAIPHONG

RAMBURG HANKOW HARKAN HONGREW

·DLOTZO.

IPOH

JOHORE

FOTOS

BRANCHES

LONDON

LIONS

MALACCA

MANILA

·KTAB (Jobore).

MORDEX

NEW YORK

PRIPING

PEXANG

RANGOON

SAIGON

SAN FRANCISCO

KUALA LUMPLE

SHANGHAI

SINGAPORE

NOURABATA

SUNGEI PATANI .

TENTSIX

Токто

TSINGTAO TOKOHIMA

~Carvest Aerocate opeord: In Local CareDKJ sod Find Depoelbe resized for one year a shorter periods in Local Currency and Sterling on berbe which will be quoted on application.

Hong Kong, 6th April, 1935.

HONG KONG SAVINGS BANK

The Buizes of the shove Bank-la-condomi với ba cho HUNG TỐNG hành SELGI PANKING CORPORATION. Rules they he obtained on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V ORAYBURN,

Chief Manager.

Hang Loog. Beh February, 1985.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital

Reserve and Cadivided Prodie

_$10,000,000.0

3,508,800.00 #2,480,000.00

HEAD OFFICE: HONG KONG

· 14. Den Faus Bond Central

BOARD OF DIRECTORS;—

Sir Shou-on Chow, Chai nan.

Ies. Tong, Eng.. Chan Ching Shek, Esq. Li Lan

Sang, Legia Wong Chu Som, Eng and Lan Tine

In Tong To. Zaq., Chief Maangur. Li Im Four.. Tain. Manag VERISCHES AND AGES CLES —

Mamia

Settle

Amay Baterie

Seating

Borthay Calosti Canton

Kagmatici

Shanghai

* York

Singapore

Ogika

Sourabaya

Haiphong Hankow

Paris

Svator

Pripian

Rangoo

Kowloon London

Baigen

San Francisc

Bydney Tachon

Tientsin Tokyo. Vancouver

Every description of Banking sod 2mbaars baalnews" transacted: Liones gratised on approved

Current Accouzite opened in: Loval Currency and Plond Deponite received for one your sharter periods in Local and Foreign Currvacion We tack, whśch will be quoted on applicaties.

Sale Deposis Bozen Te Let

KAN TONG PO.

Chief Manageri

Hamburg Hanzow Harbin trọng. Trong

Kiang

(Peking) Prog

(Baker) Thing

Tolsobama “Zamboanga

Forsige Excusage and General Banking basic Current Accounts opened and Fixed Deposits sventral for cos puse 'ne shorter periods at "rsion which will be quoted on application

A. ERFARLEY,

Manager

Hong Kong, 1st January, 1935.

THE

THE CHINA MAIL, TUESDAY, OCTOBER: 1, (1935

Commerce and Finance

LOCAL DOLLAR STEADY

Silver Prices Firm

The local dollar is steady, opening on demand this morning at 2/074-

Both "spot" and "forward" sil ver prices were also firm at 29 5,16

The London on New York cross- rate was unchanged at £-US$4-| 91, as compared with US$4-|

91. while the New York on Lon- don cross-rate was quoted at TS$191. as compared with |£—US$4.914.

EXCHANGES

TO-DAY'S QUOTATION

AMERICAN EXPRESS COMPANY, On London

INC.

_U.S.$8,000,000.00

2,183,633.06

870.731.05

Liverpool

Paris Peiping Palermo Rotterdata Bome

Shanghai

Southampton

On demand

LOCAL SHARES TO-DAYS QUOTATIONS

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

Banka

HK. Bank $1,010 b. *H.A. Bank (London) £706 ♫

Chartered Bank £13 n. Mercantile Bank A. and B

1934 TL.

Meccantile Bank C. 413 n. Bank of East Asia $60 n.

Inguernces

Canton: Ins. $180 m. Union Ins. $370 b- Chias. Underwriters $1.10 n. China Fire Ins. $982 n. HK Fire Ins. $180 n. International Assce. $4 n.

Shipping

Douglases $36 a- HA Steamboats $4 n. Indo-Chinas (Pre£), $50 n. Indo-Chinas (Def.), $12 n.. Shell (Bearer) 69/41⁄2 n. Union Waterboats $111⁄4 n-

14

Benguet Consolidated $111. Benguet Exploration 13 ́ets. D. Benguet Goldfeld 10 cts n. Big Wedge 8 ets. z. Gold Creek 30 cts, nij

Gold River 7 ́cts. n.

On T.T. and demand............. 2/-R 4 months' sight

2/-4

Head Office:-65, Broadway,

New York

Credits: 4 months' sight...2/13%

On Shanghai- |

Capital

On demand

130

Surplus

On Singapore-

Mining

Reserves

$59

Antamoks 76 cts. n.

BRANCHES

On Japan-

Balatoes $14. m

Amsterdam.

Antwor

Genos Glang

→

On demand

171

Baguio Gold 24. cts, a.

Athena

ARCHEX

-Besla

Berila

Beenbey Bremen Brazeala

The Eaton Rev Hersburg

Pleidelberg Interlaken

On India-

On T.T. and demand

13233

On New York-

On demand

49

Loa

Credits 60 days' sight

5132

On Batavia--

On demand

7230

· Excrmina

Marmeðley Monte Carlo Manila

TIFORN

On Paris

On demand

TATA

Ipo Mining 90 cts. I Itogons 361⁄2 cts. I Salacobs 15 cts. n.

Credits 4 months' sight ....79214

On Saigon

On demand

743

933%

Kailan Mining Ad. 11/3 n. Langkats (Single) Sh-$13 n. S'hai Exploration Sh$41⁄2 n. S'hai Loans Sh. $51⁄2 n. Raubs $7 a.`

Venz: Goldfield $230 m.

On demand

92%

ecounts Sovereigns bank-buying rate 2/1

Bar silver per oz

Docks, etc.

29-3/16

1102

MOTEZ

HK and K. Wharves

$72 D.-

par.

Calro Calcutta Caste Cavesto Copenhague Dublin Edeburgh Place GEETH

Lucerne Logana

Yuuich

•

Summers

Trentin

Tokobazua Zurich

Branches of American Express

Company in Principal cities of United On Manila- States of Americs and Canada,

On demand

All classes of Commercial Banking On Bangkok---

Transactions undertaken.

Personal

| handled.

investment

The Company offers to intending Bar silver in Hong Kong“ Travellers the use of its "Travellers Copper, cash Cheques" and Letters of Credit 2nd, Copper cents in addition, the world-wide services

3% P.2 of its thoroughly equipped Travel Rate of native interest

Chinese Sab Coin 1... 31% čís. Department

Hong Kong sub. coin

par.

E. W. DUGGAN,

..

Manager

THE WING ON BANK

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-

COMMODITY PRICES

The following quotations have been received by Beater.

Prev. Yesterday Closing Closing

New York Cotton:---

October December January

10.46 10.48/48 10.45 10.43/44 10.48 10.55 10.53/55

Current Accounts and Savings Ac-March counts opened. Fixed Deposits re: May ceived at rates which will be quoted on application

July Special rates given

Spot THE CHINA & SOUTH SEA BANK for Special deposits.

Trusteeship and Executorship m dertaken.

Safe Deposit Boxes for New York Rubber hire.

LIMITED

(Incorporated in China) Head Office „Shanghai

Capital

Reserve

.$7,500,000.00:

$1,500,000.00

·Branches... ..........All Important Cities

in China

Foreign Exchange and General

Boaizane transactač,

Banking

Cursos and Saving Amounts opened, and Tized Deposits received, forrians your a shorter parinda'

as 22000, which will ha gosted on: application.

800 Z CHANG

„RONG KONG "BRANCH:

3. Den Toms Bood, Central.

Manager's Offion -

Ferign Exchange· · Dept.

General Offer

Coobier's" Qšos.

Manager.

Tel. 25509

$2.506 36567

* 33300

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

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

Head Office:-YOKOHAMA

Brancher and Azencies at="

Alexandria

Batavia

Berlin!

Bombay

Calcutta

Canton

Chief Manager

L. GOCKCHIN

Asst. Manager

10.47/47

10.75

10.63 10.60/60 10.69

10.54/64 10.80

December

12.002

12.06/07 ·

PHILIP GOCKCHIN

Jannary

12.05

LI SHU FONG March Asst Manager May

12.22

12.126 12.28/23

July

12.34 12.47/41 : 12:47 12.55/55

Chicago Wheat: September 98% 10134/1013 December.. 983 9938/99% May

98% 993/%/9914 Chicago Corn: September 827/2 85/2/85 December 5734 572/57% 57 56/56%

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated' m China)

Capital paid up ............ $5,000,00G,

Beserves

$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 a

China and the fostering of her commercial relations. abroad. Hong Kong Office

7. Ice House St.

· Phone 31492-2-3.

May Winnipeg Wheat:- October December May

89490/90% 90 917/91% 94- 952/95%

New York Sugar:— December

January

March

1.85/86 1.85/851⁄2

2.58

215

2.57/58 2.13/14

2.15

2.13/14

May

2.20

- 2.17/18

Yen. 127,450,000

July

2.24

2.21/22

New York Suk:--

December

1.87

Is It Insured?

March

1861⁄2

May

Montreal Silver:

Insurance All Clamer LOWEST KATES

186/2

(66.40 | 66.23/40

66.20 66.350 66.93 66.55/95 67.35 66.95/67.50

bid, t

*traded,

Nagasaki

Nagoya

New York

Osaka

Paris

Peiping

Dairen (Dalny) Rangoon

Fengdien (Mniden)- Río de Jeneiro

December January erican Asiatic Underwriters: March ...

Fed. Inc. USA.

General Agents

Bamburg

San Francisco.

Hankow

Seattle

•Harbin

Semarang

Head Office.

Bong Koor

Shanghai

17, The Bund

Singapore

Sourabaya

Sydney

Los Angeles

Mazila

Heil

Asinking

Keracti

Kobe

London

Tingkow

May

a-asked, b In nominal.

1852/86

Office CottonThe first Notice Day "Ada Life for December will be November "Building" | 25 with delivery date December 2

REICHSMARK QUOTATIONS

Interest allowed for "Cazze

Deposits received for deed periods tates to be obtained on application

AC KISHINAMI.

Shanghai.

CAPITAL ISSUE INCREASE

London, To-day

capitalissa

months of the year is

,000,3 as "against” £100,000,000

period of 1984

Wirdess Service.

Ing

Beichsmarx

in Ethiopia, from

These are among the American women which foreigners are being asked to leave as war dooda bover menacingly, Mrs. Everett A. Colson (left), of Böston, who is the wife of the financial adviser to Emperor Haße Selassie, and Pania Lecler, who is a newspaper correspondent.

NEW YORK STOCK MARKET

Apparently Somewhat

Stale

ADDITIONS TO MOLDING ADVOCATED

WEEKLY MARKET REPORT

Interest In Raw Cotton Values

GENERAL ALL-ROUND FALL IN QUOTATIONS

NEW ADVERTISEMENTS

CHINA LIGHT & POWER CO. LTD.

N

FOTICE IS HEREBY GIVEN that on Friday next, the 4th October, the supply of electricity will be interrupted at 2 p.m. in the Tsim Sha Tsui area bounded by Cameran Road, Nathan Road, Jor- dan Road, Cox's Road. Austin" Road and Chatham Road Supply will be restored before 5 p.m. and the frequency will cycles.

then be 50

COMMERCIAL

CONFERENCE

IN LONDON

Delegates Of Thirty Nations Meet

UNOFFICIAL DISCUSSION OF MANY SUBJECTS-

London, To-day-

By permission of HM the King the opening session to-day of the twentieth International Parlia mentary Commercial Conference will be held in the Royal Gallery

of

In their market report, Messrs. Messrs. James F. Hutton and of the House of Lords, when the delegates of 30 nations will be S. E. Levy and Company, corres Co. Ltd. Manchester, reported as welcomed by the Chancellor pondents for Messrs. White Weld follows on August 28:-

the Exchequer, Mr. Neville Cham Considerable interest has been) and Company, New York, state:--

berlain. Stocks: The market appears shown this week in the position

The Conference,, which to be somewhat stale at the cur-jof raw cotton values, following

Uncertainties rent levels

of the week and will discuss the

is un-

re-the awaited policy of the United official will continue till the end garding foreign affairs are about States Government, as regards stabilisation of currencies, com evenly balancing the current fav loans to cotton growers. Quota pensation agreements, the "most ourable domestic business out-tions have fallen generally all

favoured nation" clause, and the there has been look. We continue to favour the round and

| agricultural problem in Central maintenance of investment posi-siderable difference of opinion 23 Europe, among other economic

CamTM

problems.

tions and adding to holdings to the trend of prices in the near should any reaction occur. Busi-future.

A very full programme of enter This last day or so, however. ness done:-1,260,000 shares.

tainment has been arranged for Wheat:-The movement of the the position has been rather more delegates and their wives--Bri- crop in the North-West is prac bullish and it is probable that the fish Wireless Service. tically finished. Canadian wheat outlook will gradually become

to be

satie-

prices are now near the peak.firmer. One reliable privata We Bureau estimates that the crop Flour sales have been good.

its own, and growing recommend purchases on the Chi-has held (old) (cago Grain Exchange. Total sales: conditions appear

Corn: - }factory: 13,487,000 bushels.

Offer Withdrawn "As may "Cotton:-Trade buying is off-

be expected, business setting increasing hedge offer-was virtually brought to a stand- ings.

still and numerous offers which

HE. and K. Wharves (new) 3,957,000 bushels.

$70. I.

HK and W. Docks $9 n. Providents (old) 55 ets."na' Providents (new) 20 cts. 1. Hong Kew Sh. $240 n. New Engineering Sh. $4 m.. Shanghai Docks Sh.$78 n.

Cotton Mills. Ewo Cotton Sh. $6.30 m.

Shanghai Cotton (old)

with-

BERLIN SHARE MARKET

New Low Record

Established

“CHINA MAIL * SPECIAL

-Berlin, To-day.

The latest developments in the Abyssinian confict were so dis-

-Silk:- Prominent importers had been left over were are offering sparingly. November drawn, while few fresh ones have futures are expected to tighten, been made. while further distant months look Buyers appear to be acting on-turbing that the turnover in the the view that a decline, once it share market reached a new low higher. Total sales:-123 lots.

*Flash: Steel mill activity has begun, may continue; but record yesterday, over 60 per cent. belief is not of the shares being dealt in not during the past week is estimated among experts this

being quoted at all in the first cent of capacity upheld. Shat 50.8 per

There have been only a few en-part of the day, and the rest be against 48.9 per cent. the previous

quiries for dhooties, light whites. ing mostly lower. The news week

The publication Standard Sta- and white shirtings, chiefly from from Memel was

likewise de tistics reports =—-

Calcutta and Karachi, and inpressing. The retention of long-term in-most cases it has been with the On the other hand, fixed interest vestments is advised in view of jobject of price testing.W

securities were firm, many show- Prints and fancies have beening a rise, gold mortgage bonds the gradual progress of industrial activity and the latent investment more in demand but only scrappy above all being livelier. Call H.K. Lands 4% Debentures $100 demand and also on the fact that orders have been placed. It is money was at 3% to 3%-Trans

employment and production disappointing that Bombay and Ocean Service.

the large upcountry outlets com figures are gaining.

$65.D. Shanghai Cotton (new) 340 Zoong Sings Sh. $824 n. Wing On Textiles Sh. $25 1

Lands, Hotels, etc." H.K. and S. Hotel $3.10 b HK Lands $24/25 sa

3.

Shanghai Lands Sh. $15 n.

Metropolitan Lands Sh, $10 n. Humphreys $742 12

HK Realties $4 m.

Chinese Estates $86 i.

China Realties. Sh.$4 n.”

China Debentures. Sh.$123 n

Public Utilities

ぶ

We recommend caution in mak-tinue to be so quiet. Odd Pots of ing new commitments owing to light bleaching mulls and fancies the high level of certain indivi-have been under offer for Madras dual stocks and owing to the pos- and Amritsar, but no weight of sibility of temporary dislocations business has resulted in the war situation.

China's Small Interest

Latest Quotations

One or two enquiries have been 2 gone HK Tramways $1110/1100 sa. The following quotations were dealt with for Rangoon and the

received by Reuter:-

Peak Trams (old) $52 m.

Peak Trams (new): $5 n. Star Ferries $78 n.

Yarmati Ferries $17 n. -C Light $7.95 b., $8.00 82.

HL. Electric $52 b. $53 sa. Macao Electrics $20 nj Sandakan Licht. $3 să Telephones (old) $17.80 b Telephones (new) $61⁄2 n China Buses Sh$111⁄4 n. Singapore Traction 10/6 n. Singapore Pref. 22/6. n."

Industrials

Malabon Sugar $814 ́m Cald., Macg. (Ord) Sh$191⁄2 2 Cald: Macg. (Fre£), Sh.$18 me Canton Iees $1.60 sz.

Cements $3.05 m.

·HLI Ropes $1.55 b. $160 sa. Stores, etc.

Dairy Farms $14% n

Watson $2.90 b

Lane, Crawford. $3 Mackintosh $Targe Sinceres $5 a

Wm. Powells 70 cts. n. Wing On (EK) $55, 1.

N.Y/Tondon

cross-rate

7:66

Straits Settlements, and with a steadier market business would Pres, To-day's

close probably have been "arranged. dose

China has shown little interest japart from a few of the speciality.|| lines. Manufacturers of the plainer finishing cloths have had offers from near Eastern sources, but the quantities under negutia- tion have been small. Generally speaking.

business for West Africa has not been very active. but here and there a little trade has been done in bleached and

57%

4.914.91 NY Cotton Oct. 1. 10.48 10.48 N.Y. Rubber Dec... 12001: 12.07 Chicago Wheat Dec. 98% Chicago Corn Dec. 57% Montreal Silver Dec. 66.40 66.40 Silver Official

65% Dow Jones Averages de 30 Industrials 131.75 13192 17 up 20 Pails

35.32 34.93 39 of 20 Utilities. 25.18 25.21 03 up 40 Bonds 9647: 9644 .03 off 11 Commodity

Index

6.18 15 printed styles.

55.05 55.18 13 up

Business Done:-1,260,000 shares. RAW RUBBER PRICES

CHEAP POTATOES

Everything

BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

Messrs. ⠀⠀⠀ H. B. Joseph & Co. received the following Strafts Cure]

CHITS

Experimental Sale Arency quotations from Singapore

Success

for Raw Rubber

Spot 19-Up / b. 193⁄41⁄2 4 January/March (1936)" "20 %

Up 3g b. 2016 3. April/Jane (1936) 21 Up 1⁄2 b.

21 14 5 November/December 19 3⁄4” Up

Ye bis 20.3. Market: Quiet.

London. To-day. The decision of the League Assembly to organise the study of the dual problem of raising nutritional standards and dispos fing of agricultural surpluses or f Get potential output lends special]

interest to the report issued by the Potato Marketing Board on the erally supposed

The reduction in price in this experiment in the distribution of case was 3d. per stone on the the potato at a reduced price to

M Miscellaneous que Entertainments $4 m

S. C. Enterprises $1.35 zug Macso "Greyhounds. $2 m. - Constructions" (old) $110 m2 Constinctions (new) 25 cta Vibro ing 24 a.. Ch. Go 5%-1925 GIBA

Berlin, to-day

quotations (without guarantee)

yester were: New York, 4026;

total of Paris, $10; Amster

and

91%

for the first London,

ster

EK Gov

Ser

HK

unemployed, carried out recently ready low price of 7d The par

chase of potatoes by unemplo for eight weeks at Bishop Auch-

nd The total consumption of through a central

under the scheme exch led" potatoes in the årez rose 69 pie

previous purchases showing that their demand

ationBr

ions in price than had bec

SAVINGS RESAVE SOMETHIN

START HOW UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST,

INC