1935-10-02 — 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 Charier, 1853.

Reserve Finds:---

--

Sterling # 6,500,000 Silver $ 0.000.000 Reserve Liability of Pro-

prietors

HEAD OFFICE: LONDON Paid-up Capital 20,000,000 Reserve Fund

£3,000,000 £3,000,000

Reserre Liability of Prom

prietors

-£3,000,000

Agencies and Branches:

| Alor Star Attribuz

HEAD OFFICE HONG KONG.

·BOARD OF DIRECTORS.

& # Doctor. Eng. Chairman

CC night. Eq.

Deputy Chair

T. X. Graybarnia Eng.

Chief Manag^?". •

Panchok Flavie

Nomba Caleuria

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

A E. Compton, Esq. s

Toila

Karschi Klang Kabe Kusia

· Lumpar

Rangoca

Sentarang

Shanghai.

SpŠampa

11

Cawnpore

M. T. Johnson, Esq. Sabu

Hon. Mr. J. I. Paterson,

Colomba

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

CONT

BANGKOK BATAVA BOMBAT CALCUTTA

CANTON

CHEFOO

COLOMBO

FAIRES ZOOCHOST

„HATPROXE

FANTERO MANTOW FARIGN

FUNGLEW

BOLI

HOBE

BRANCHES

LONDON

LYONS MALACCA

MANILA

MUAR Johan MUKDEN

NEW YORK

PEPING

PENANG

BANGOON

RANGON

SAN FRANCISCO.

KUALA LUMPUR

SHASAT

SINGAPOREB

SODRABATA

SUNGEI PATANI TIENTSIN

TORTO

TSINGTAO YOKOHAMA

Carat Arcent opend in Local Currency and Five Theposito semiend for comprar of shorter perinde in Local Currency sad. Kterling on termin which, will be quoted on application

Hong Kong. 6th April, 1935.

HONG KONG SAVINGS BANK

Hamburg

Fanbo

Farbin

Bone Four

Kuching

Stamila

New York

Pinte

(Peking) Prong

Amen Pada

Taiping

Toscial

<Bhuker) Tinea Tokoba Zamboanga

HE CHINA MAIL, WEDNESDAY, OCTOBER

Commerce and Finance

LOCAL DOLLAR STEADY

Silver Prices Rise

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

Both "spot" and "forward” xil- rose 1/16 ver prices, however. to 29

The London on New York cross- rate was unchanged at £—-US$4- 90%, as compared with $ US$4. 91 while the New York on Lon-.

cross-rate was

quoted at

Foreste Bashange and Geomrel Backing boddon

Cement Accounts ensued and Pined Deporte £ US$4.90%, as compared with received for 206 Mar or shorter periods at rules which will be quoted on application. *

A. BREARLEY,

Manager.

Hong Kong, 1st January, 1935.

THE

|£US$491.

EXCHANGES

TO-DAY'S QUOTATION

AMERICAN EXPRESS COMPANT, on London

INC.

Head Office:—$5, Broadway,

New York

Capital

Surplus Reserves

Athear

A m

Bento

The Basicem of the shore Fark is condoes ed by the HONG KONG AND SHANGHAY BANKING CORPORATION. Rules may be olyained on avelication.

Berlin

Rombay

Bermen

Premerla

Cairo

Calenta

Cantine

Iwerne

- Chief Manager.

Hong Kong. 2ch February, 2933.

Colombe Copenbayra Deblin Finbury

Monte Carlo

Munich Montreat

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V.*M. GRAYBURN,-

-810,100,000.0% -$ 5,508,000,00

Semith's &

Malhowe

Bombay Calcutta,

Kagoni

Shaoghai

New York

Onaka

Sinyore Sourabay

Paris

Endney

Hangove

Total

Saigen

San Francisco

Tekno.

Yokohama

Florbo

· On · Singapore-

On demand

On: Japan---`

2/-74

ایی

· LOCAL: SHARES

TO-DAY'S QUOTATIONS

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

Banks

HK. Bank $1,010 b. HK. Bank (London) $105.

Chartered Bank £13 1,

Mercantile Bank A. and

£2934 D

Meccantile Bank C. £13 1. Bank of East Asia $60 1.

Insurances Canton Ins. $180 zil Union Ins. $375/379 sa. China Underwriters. $1.10 no China Fire Ins. $382 n. - HK Fire Ina, $180 n. International Assee. 34 n.

Shipping

Douglases 136 1 HK. Steamboats. $4 1. Indo-Chinas (Prefi), $30 n. Indo-Chinas (Def), $12 m.. Shell (Bearer) 69/41⁄2 n

Union Waterboats $113⁄41⁄2 nà

Mining Antamoks 78 cts. n. Balatoes $14 m.

NEW YORK STOCK

MARKET

Railroad Stocks Weak

CHANCES FAVOUR A FURTHER REACTION

In their market report, Messrs, S. E. Levy and Company, corres- pondents for Messrs. White Weld and Company, New York, state

"Stocks: The weakness of frailroad stocks,, together with re- newed nervousness regarding the foreign situation cancelled early

"Frank W. Rickett, who has bough

B. Xains. We believe that chances

favour a further reaction. in the oil fields in Abyssinia.

Baguio Gold 24 cts`a. Benguet Consolidated $114 1 Benguet Exploration. 13 cta. In Benguet Goldfield 10 cts a.

which industrial issues at least will test the recent low levels.

Business done:-1,420,000 shares. EXCHANGE CONTROL

are

"Wheat: Although we confident that the strong dames- tic cash situation and the ab sence of cheap offerings interna- tionally will result in higher| prices, we would take part of pro- fits of any further advance and reinstate

setbacks. Total: sales:-29,375,000 bushels Corn:

-7,817,000 bushels.

(Continued on Page 7) Latest Quotations.

The following quotations were received by Reuter

"Prev. To-day'ı

close

NY./London

CROSS-TAŽE

491

IN LITHUANIA

Rigorous Measures

Decreed

STABILISATION OF CURRENCIES

Conditions Not Yet

Favourable

BRITARS AIN RESTORATION OF GOED STANDARD

London, To-day. llor of the Exche ville Chamberlain, in the delegates of ", SI the-International Par Commercial Confer day reiterated that the the international was the ultimate ritish policy, but said he conditions apart

the inter

mbed

the directions

~CHINA MAIL * SPECIAL. (

· Kovno,-To-dzyzwa Rigorous control regulations Great War on restricting business transactions which their policy ought to take in foreign currencies came into British Wireless Service. force yesterday, in accordance

with the provisions of the new law for the protection of the La- closethuaniar currency. The institue

dling of the gold stock of the

Bank of Lithuania, which "has shrank from, 52,000,000 litas at the beginning of January to 3hr 000,000 in the middle of Septem- ber.

tion of this supervision; was ne↑ 4.90% cessitated by the continued dwin- | NY. Cotton Oct ... 10.48 10.70 |NY. Rubber Dec... 12.07 -12.00

102% Chicago Wheat. Dec. 39% Chicago Cori Dec. 57% 59 Montreal Silver Dec 66,40 66.33 Silver Official

653 65% Dow Jones Averages – 30 Industrials 131.92 131.51 “ „4% off 34.93 34.16 „ST OF 25.91- 24.83 - 38 off- 96.44, 96.36 .08 of

20 Rs

On T.T. and demand

4 months' sight

Credits 4 months" sight ..2/1%

On Shanghai

JULS.36,000,000:00

On demand

130%

2,183,633.06

870.731.05

85%

BRANCHES

Amsterdam

Genon

Mine

On demand

171

Antwerp

The Hague

Kaples

On India-

-]

Ratana

·Piraten

Fambers

On II and demand

13278

On New York-

On demand..

49

Credits 60 days' sight .......... 51%

Big Wedge 8 cts. E-

On Batavia-

Gold Creek 30 čta.

On demand

727%

On Paris

Gold River↑ cts: n. Ipo Mining.90 cts. n.

20 Utilities

40 Bonds

On demand

747

Itogons 361⁄2 cha T

Credits 4-months' sight ..79232

Salzcots 15 cts. n.“

11 Commodity

Index 5518 35.83 65 up Business Dones:-1,420,000 shares.

On Saigon—~

Kailan Mining Ad. 13/3 1.

On demand

7432

Langkats (Single) Sh-$13 n.U

On demand

98

On Bangkok-

S'hai Exploration Sh.3431⁄2 n- Shai Loans Sh. $51⁄41⁄2 a. Ranks $7 ne

On demand

92

Venz; Goldfield $2.30 n.

accounts Sovereigns bank buying rate 2/1

Bar silver per oz.

29%

Docks, etc.

nom

дом

E.K. and K. Wharves ·· (old)

$72

Closing Closing

par

3%-P-8

3134% dis par

EK and K Wharves (new) New York Cotton:-

$70 m. H.K. and W. Docks $9 mi. Providents Cold) 55 cts. no Providents (new) 20. cts. 2.

October

10.48 10.69/70-

December

January

March

Hong Kew Sh. $240 m. 2. New Engineering Sh. $4 n- Shanghai Docks Sh:$78 m.

Cotton, Mill.......

May

July

Spot

10.67/68 10.71/72 10.53 10.78/78 10.60 10.85/86. 10.64 10.82/84 10.20

11.05

New York Rubber;

December

12.07

12.00/00

Sh. January

March

im

Personal

investment

H

|Chinese Sub Coin

Manager

Last close

BRITISH TREASURY

RETURNS

Revenue Still Rising, Expenditure Also

London, To-day- Exchequer returns which cover the first half of the financial year show that the total ordinary re- venue, excluding self-balancing

From yesterday, October 1, all foreign currency transactions and operations in precious metals must be done through the Bank items, amounts of £286,899,959, 28 of Lithuania Persons travelling compared with £273,883,086 at the abroad are only allowed to take corresponding date of 1934. †200 litas across the frontier, The total ordinary expenditure,

while payments to foreign coun- excluding self-balancing items is tries need special oficial

£346,347,079, as against $328. COMMODITY PRICES tion if above 100 litas-Trans- 526,930 at the corresponding date

The following quotations have been received by Beater.

Prev. Yesterday

10.44 10.477

12.123 12:07:

12.22/22 12356/37a

Ocean Service.

-JIES

|RAW RUBBER PRICES

Latest Quotations From Singapore

of 1934-British Wireless Ser vice.

Messrs. H. B. Joseph & Co. received the following Straits Cure | S rency quotations from Singapore

for Raw Rubber:

Spot 19 Down 16 b. 19% s November-December 19% Down

1⁄2 b. 191⁄2 3

January-March (1936) 20 Down

34 by 20% 8

April-June (1936) 2034 Down

3/4 by 20% Sa Market:-Quiet.

Is It Insured?

JuturanceTM All : Classes LOWEST RATES American Asiatic Underwriters

Fedi Inc., USA.

General Agents

Head Office

| 17, The Bund

Shanghai.

RE. OSC

Aziz Life

Building Tel. 30234

Interlaken

Jerusalem (Isador

Prining Palecine Roterdam Beroe Shambal Southetraphon

"Taemina

Tanica Yoinbuza Zarich

THE BANK OF EAST ASIA, LTD. Company in Principal cities of United

Authorised. Capital. Paid-up Capital. Smire and Cadivided Proštu nā 2,480,000.00

HEAD OFFICE:—HONG KONG`·

1. Des Varer Road Central

BOARD OF DIRECTORS:-

Sir Shop-en Chow, Chat tan

- Loon Chias, Eq... P. I. Kroit, Esq. Tour

Tus Tang. Ea Ching Shak. Eaque Jah, ko Bang. Esq... Wong Cho Fox, Erg, and Xan Xin

Pa, Zaq

Eutavia

Kan Tune To Eng Chir! Manugus Li. T Ft. Esq. Manager.

Benoldia

London

BRANCHES AND AGENCIES --

Manila

Priping

Penang

Every description of Basking mil Exchange. kendate transacted. Loans, granted, on approved

arities.

· Current Account opened in Local Currency and Fixed Deposits received for one year

horser periode in Laoa) mod Foreign Currencies karma which be quoted on application. Bale Deposit Boxes To Lapt

"KIN TONG PO,

Chist Manager.

Branches

American Express

States of America and Canada.,

All classes of Commercial Banking Transactions undertaken.

handled.

On. Manila-

The Company offers to intending Bar Siver in Hong Kong Travellers the use of its "Travelers Copper cash

| Cheques” and Letters of Gredit and,

addition, the world-wide services Copper cents

of its thoroughly equipped Travel Rate of native interest Department

E. W. DUGGAN.

THE WING ON BANK LIAITED.

Head Office: Hong Kong 25. Des Varver' Road. Contest Authorised Capital $10.000,000 LONDON BANKERS:—

Westminster Band. Ltd.. Foreign Exchange and every den- eription of banking business transact

ed

Hong Kong sub. coin

NEW YORK STOCK EXCHANGE

Latest Quotations

October. 2.

The following quotations were re- ceived by Eeater:

10.20 1100 London 491 4.90% 490 NY. Cotton “Current Accounts, and Savings. Ac-

Oct

10.48. 10.53 10.53 counts opened. Fixed Deposits re- ceived at rates which will be quoted Rubber

May

10.60 20.ZI... 10.71- en anplication Special rates. given

Dec.

-12.07 11.99 11.91 Chic Wheat

Dec.

99 994

THE CHINA & SOUTH SEA BANK, for Special deposits.

LIMITED

(Incorporated in China) Head Office ..Shanghai.

Capital

Reserve

Branches

Forsign

Exchange

Bamiyana troomted.

.$7,500,000.00 $1,500,000.00

*100%

*100%

Ewo Cotton Sh. $6.30 ml :' Shanghai Cotton (old)

$65.

Shanghai Cotton (new) $40_n. May Zoong Sings Sh. $81⁄2 3. Wing On Textiles Sh. $25 n. "Lands," Hotels, etc. HK. and S. Hotel 3.15 sa. HK Lands $25 8.

HK, Lands 4% Debentures $100 Chicago Corn:-

12.28

12.41

July

12.55

12.482

Chicago Wheat: December

99% -102%/102%

May

992% 10134/102) -

July

92/92/2

December

57%

582/59

Shanghai Lands Sh. $15 n.

May

567%

57%/58

Trusteeshin and Executorship un- dertaken Safe Deposit Boxes for kire.

PHILIP COCKCHIN

Chief Manurergola

Metropolitan Lands Sh, $10 n.July

5834/5834

May

Humphreys, $72 1

Winnipeg Wheat:-

Chic. Carn

HK Realties $4 m.

October.

90%

92/92%

Dec

+57%

57%

Chinese Estater $86 n-

December

91%

93/93%

T GOCKCHIN Asst. Manager

JI SHU FONG Asst." Manager

MAY

561

$7%

May

95%

97/97%

STOCKS:-

New York Sugar:---

| Amer Smelting 48% 484

Anaconda

Por THE MERCANTILE BANK OF

Copper

Con Gas of

NY.

Elec Bond &

484

20%

20% 20%

27* 27% 284

Share

12 1234 121 General Motors 46%%% -46% 47% Int Tel & Tel 97 979% Loew's Inc

43% 44.

December

12.58 M

2.54/57

January

215 2.18/14

March

214

2.12/13

May

218

235/17

July

2.23

2.20/22€

New York St December

442

March

**Ward

32

32%

33

NT. Central

24

2434

24%

Standard GL

Tok Penang

↑ of NJ.

43

US Steel

45454

4974 45%

Pors Lonia.

All Important Cities

in China

and General

Corrent and Sering Accounts, oproed· and Fized Deposita received for one your or shorter periods

at rates which will be quoted on suplication

SOU Z. CHANG.

Xanager...

HONG KONG, BRANCH:

24. Das Tour Boad Castes).

Foodan Exchange Dupe.

General Offer - ****

Cashier's Offer

22506

THE YOKOHAMA SPECIE BANK R

LIMITED.

Established 1880

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

Yen, 127,450,000.

Head Ofice:—YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia.

Berlin A

Bombay

Calcutta

Canton

Nagasaki

Nagoya

New-York

Osaka P

Peiping

Dairen (Dalny) *** Rangoon" Srenstien Mukden) Rio de Janeiro.

San-Francisco

Seattle

Semarang

Shanghai

Singapore Sourabaya

Hamburg

*Hankow:

Harbin

How Loa

Honolulu

Sydney

Tokyo me

Tsingtaa

Zamachi

Kobe London

Tingkon

allowed for Cinzent" "Ac-

received for „ficed peri

be obtained on application,

C. KISHINAME"

INDIA, LTD.

"HEAD OFFICE:

15. Gracechurch Street, Loodoa.· E.CS..

Authorised Capital ..........£3,000,000

· Subscribed Capital:........ 1,800,000 Paid-up Capital

1.050.000

Reserve Find & Best.. 1,247,830

BANKERS- The Bank at Zretard & Midland Bank, LA.

BRANCHES:

Inak -Kandy

Calcutta

Karachi

Colombe Detal Galis Boar Song Howra

Kota+Ebara

This Lisi

(Maurition) BADOOR

Kuala Lumpur Shanghai

Kuantan (Pahang) Simila

Madram

Singapore

HONG KONG BRANCH

Every description of Banking and Exchange business teammactak.

Travellers Chequate inazad.

Trustee and Executorships under- taken.

INTEREST: allowed on Current Asocuate, and Fized Deposit at Hates that may be 'ascertained"

@pplication.

R. TENNEDY,

Manager: Hong Kong, 24th July, 1935.

24. Queen's Road Centrali

SHANGHAI COMMERCIAL: SAVINGS BANK LIMITED

(Incorporated in China) Capital paid up . $5,000,000

Reserves

Capital Savings Dept

Reserve Savings Dept.

A Bank haring ma

the industrial deve

$00. (008.

Montgomery

BERLIN SHARE MARKET

Business Almost At Standstill

*M CHINA, MAIL" SPECIAL

Berlin, To-day. Since everything” now appears to point to the certainty of an outbreak of hostilities in - Abys- sinia at an early date, and as it is feared that this will lead to serious complications-- in the world – economic situation. the share market yesterday was al- most at a standstill, such tran sactions as took place resulting in price falls. Other infinences | that normally would have stimg- lated business, for instance, the further increase of German day- lings' banka depositors, remained

Fixed interest securities ma

China Bealties Sh$4 *~- China Debentures. Sh.$56-1. Public Utilities H.K. Tramways $11 sa.- Peak Trams (old) 51⁄2 2 Peak Trams (new) $5 m. Star Ferries $78:11: Yaumati Ferries. $17 n. C. Light $8 sa, 2 HK Electric 35234 b. Macao Electrics 120 1. Sandakan Light $3 a. Telephones (old)

$173⁄4" & $17.80/60 3th. Telephones (new)- $61⁄2 z China Buses Sh$11% m. Singapore Traction 10/6 z. Singapore Pref: 22/6 nig.

Indinstrials

$17.50

May

Montreal Silvers b.. December

Malabon Sugar" $572, 1. Cald; Macg. (Ord.) Shi 191⁄2 2 Cald: Macg, (Pref.), Sh.$18 n. Canton Ices $160 n Cements

EK. Ropes $1.55 b.

: Stores, etc. Dairy Farms $147% ne Watson $2.90 b., $2.90 Lane, Crawford $8 n. Mackintosh $72. Sinceres $5 Don Wm. Powells 70 ctx. n. "Wing On" (HK) $55 127

Miscellaneous Entertainments $4 n.

S. C. Enterprises $1.55 n. Macas "Greyhounds”: $2 n Constructions (old) $1.10 n. Constructions (new) 25 cts. The Vibro Piling $41. Ch. Govt 1925 G$Bds

91% 1 HK Govt.

Sprend

HK Govt. $37 Wallace

6%%%%

January

March May

186 17974/1.80 186 180/2/8072 186 180/8032

66.40 € 25/35 66.35m 66.50b 66.95 66.90/95 67.50

67.30/60

REICHSMARK QUOTATIONS

To-day. quotations (without-

New Paris, 610.5; Land London

sterling

dollar, 15.1757 Service

At the MAJESTIC

Douglas FAIRBANKS

[$I$I$I$I$I$I$

S

A VALUABLE PUBLICATION

FOR EVERY OFFICE AND HOMET

HONG KONG'S BEST-DOLLAR VALUE

ON SALE

AT ALL

BOOKSTALLS

AND AT THE

OFFICES OF THE PUBLISHERS

3A, WYNDHAM STREET.

*SISISISISISS