1935-10-04 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000. Issued and Fully. Faid-up 20,000,000

Reserve Funds.........

Sterling

Silver

6,300,000

Reserve Liability of Pro-

prietors

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA;

Incorporated by Royal Charter, 1853.

4,000,000

HEAD OFFICE="LONDON

Paid-up Capital 20,000,000 Reserve Find

HEAD OFFICE HONG KONG

Reserve Liability of Pro-

prietors

£3,000,001 £3,000,000)

£3,000,000

Agencies and Branches:

Alor Sta

Deila

Bangoon

Ipak

Bangkok

Karschi

Semarang

Bateria

Bonsay

Kobe

Seremban Shanghai,

Calcutta

Koal

Singapore

Canton

Lunapar

Ritions

Kuching

Mačvan

**arping

Manda

Meden

Tingkah

New Fock

(ring) Pecant

Tokobama

Zamboanga

T. M. Grayburn, Esq.

BOARD OF DIRE,TORS.

S. E. Dodari, Bag

Chairuns

CC. Knight. Eng.

Deputy Chachan,

Chief Manager

Hon. Mr. W. H. Bell

Hon. Mr. J. J. Paterson] čabli A.E. Compton Esq., T.E. Pearse Esq., Colombo M. T. Johnson Esq. G. Miskin EsQ-phong J. A. Plummer Esq., A. L. Shields Esq. Hamburg

ΑΜΟΣ BANGZOT

BOMBAY

CALCUTTE

CISION

CHEFOO

·COLOMBO

TAIREN

HAIPHONG

HAYBERG

HANKOW

HARMIX

HONGFEW

поло

IPCH

20HORE

FOBF

KOWL ON

BRANCHES :-

LONDON LYONS

MALACCA

MANILA

MTAR (Jobore)

MURDEN

NEW YORK

PEIPING

PESANG BANGOOK

SAIGON

SAN FRANCISCO:

ATALA LUMPUR

SHANGHAI

SINGAPORE

SOCEABATA

STGE PATANI

TIENTSIN

IDATO

TSESTAO TOKOELANE

Current Acconete eprord to Local Chevracy sod Fired Amposite received for one war o shorter periods in Toral Currency sod Steräng on term which will be quoted on application.

Hong Kong, 2nd October, 1935.

HONG KONG SAVINGS BANK

The Bust of the shove Bank in conduct

ed by the BONG KONG AND SHANGHAI BANKING CORPORATION.

obtained on appication

FOR THE HONG KONG AND SHANGHAI- BANKING CORPORATION,

Hankow Harbin

Flang

(S)

Forsigs. "Zuokange avč Gunari). Taking bossens

THE CHINA MAIL FRIDAY, OCTOBER

ommerce and Finance

NEW YORK STOCK MARKET

Rallying Tendency Should Continue

IN ABSENCE OF FURTHER LIQUIDATION

In their market report, Messrs. SE Levy and Company, cozzes- pondents for Messrs. White Weld and Company, New York, state:- "Stocks: In the absence of

Current Accounts opened and Fixed Depot further liquidation, the rallying

| tvertnad for one your or shorter periods at rates

which will be quoted on application.

A. BREARLEY,

tendency shown to-day should contique. For a longer term, Manager third-quarter business results Hong Kong, 1st January, 1995 and fourth-quarter

prospects

THE

iwill govern. Some indications

are now coming to hand that nei- ther business results nor fourth-

AMERICAN EXPRESS COMPANY; quarter prospects will quite ap

INC.

Head Office:-65, Broadway.

New York

Capital

Samplas

Reserves

Artistepäras Antwerp Athene

Baule

Berlin

Bomber

_U_S$6,000,000.00

BRANCHES:-

CAPTION CHARCON The Bagon

Hamberg Hatre Fendaltung Inseriabra

Indoo Liverpool

Lore Leguma Luxor

Paria Priping Palermo.

Rotterdam Bome Pháoghai Southampton

Bretten

Bules may be

Bangla Cairo

Singapore

Chief Manager.

Hong Kong. Sich February, Xham

Cniombo Copenhage Dublin

·Edinburgh Firence Ста

Voctor Certo Mania Kurich

Imornica Vienna

Townhom Zurich

MOOSTWIT

T. X GRAYBUEN

Branches of American Express |

proach previous optimistic predi tions. Business done:-1,480,000 shares.

“Wheat: Short interests are believed to have been mostly elim-. inated. The market is acting well, considering heavy profit- taking. Total sales:-92,764,000 bushels. Corn:-18,688,000 bus- bels.

LOCAL SHARES

*

TO-DAY'S QUOTATIONS

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

"Cotton-Profit-taking and in- creased hedge selling are offset- We would ting foreign buying. advise purchases on moderate de-]- clines »

The following telegram was re- ceived last nightt-

Bobnless

HK. Bank $1,000 bu HK Bank (London) 1224 Chartered Bank 413′′n, Mercantile Bank A. and

52934 1

Meccantile Bank C. £18 Bank of East Axia $60 n

Canton-Ins: $180 1. Union Ing: $37234 D... China. Underwriters $1.10 zi China Fire Ins. $582. z. HK Fire Ins: $180 n. International Assce. $é n

Shipping

Douglases $36 n.. -H. Steamboats $4 n.

Indo-Chinas (Pref), $30 Indo-Chinas (Def), $12 mi Shell (Bearer) 67/6 Union Waterboats 3171% n-

Mining Antamoks 76 cts. . Balatoes $14 D. Baguio Gold 24 cts.

Benguet Consolidated $112 Benguet Exploration 13 cts. 11. Benguet Goldfield 10-cts. n... Big Wedge 8 cts. a. Gold Creek 30 cts. n.

Gold River 7 cts. 1.

Ipo Mining 90 cts. D. Itogons 364 cts. a.

Wheat: Trade interests are absorbing heavy speculative pro-Salacots 15 cts. n. fit-taking. Flour sales are large.

THE BANK OF EAST ASIA, LTD. Company in Principal cities of United We favour purchases on further

authorised. Capital

Paid-up Capital

Bewerte and Codivided Profits

270,086,000.00 -

States of America and Canada.

All classes of Commercial Banking 3,254,000.00! $220,000.00 Transactions undertaken.

HEAD OFFICE HONG KONG

··19. Des Toux Road Central

BOARD OF DIRECTORS;-; “ Suy Shou-on Chow, Chains, 2013,

Li. Boos Chun, Eam P. I. Kwok, Leer

Tun Tong Esq. Chan Ching Shak, Esq. Li Lan Hang. Erg. Wong Gay and Fa, Eng.

*Kan. Tung To, Zag... Chief Hansent.

Bateria

Li Tae Yong, Eaç- Manager -

BRANCHES AND ADENCES

Maste

Melbourne

Avoy

Seatin

"Bambay

Second

Calcusta

New York

Semarang Shanghal Niagapore

Canton Haiphong

Qualca

Surabaya.

Paris

Sarton

Pazpima

Bydney

Prang

Taikoku

Bango

Ti-aria

Sain

Tokyo

Vasccarey Yokohama

Henkoe Benetale

Eobe Kowloon Loudwa

Ean Francisco

Every description of Beaking sod Exchagav busines" transacted. Losos granted on approved securities.

Current Accounts opened in. Lost Currency and Fixed Deponite · "received for one

warter periods in Local and Foreign Caernacion on serma which will be quoted ; an application.

Safe Deposit Boxen To Lat, Sta

EAN TONG YO

Chief Manager. -

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China)

Head Office

Capital

Beserve.

Branches

Shanghai

$7,500,000.00

$1,500,000.00

All Important Cities

in China

Foreign Exchange and General Business trzivaclad."

Banking

Coment and Saving Accounts opened and Fizad Deposite, received “for ons gest or shorter perioda

at "tulan which will be gouted an application.

་

SOU Z CEANG,

HONG KONG. BEANCH:

Kanner.

...Tel XILES

24, Den Vorut Road, Central,

Manager's Ofhon

Foreign Exchange 'Doge

General Offen

Cashier's Omer

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1830

Capital (full paid-up) Yen 100,000,000 Reserve Fund Ten 127,450,000

Head Office: YOKOHAMA '

Branches and Agencies

Alexandzia Batavia

Berlin

Bombay

| Calerzita,

Canton

Dairen (Daby)

Feng-tien. Mukden)

Hamburg

Hankow

Harbin

Fong Kong

Fumoinin

Hainking

Karachi

B

Nagasaki

Nagoya

New York

"Ozaka

Paris Peiping Rangoon

Rio de Janeiro

San Francisco

Seattle

Semarang Shanghai

Singapore Sourabaya

Sydney

Tientsin

Tokyo

Kobe

London

· Los Angeles

Manila

Moji

· „Interest allowed for Curent Ac-

-Deposits received for fixed

wtes to be obtained on app

12th

Personal

handled.

investment

accounts

reactions.

Latest Quotations

The following quotations were Freceived by Beater

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and, NY./Landon in addition, the world-wide services of its thoroughly equipped Travel Department

cross-rate

Prev. To-day's close close

Manager.

4.89744894. Y. Cotton Oct... $1.0M 11.00 MY. Rubber Dec. : 11,93 12.01 Chicago Wheat Dec. 106% Chicago Corn Dec..

1067%

61%%

Montreal Sliver Dec. 66.50 Silver Official

65%

66.95

65.

E. W. DUGGAN,

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-

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

Trusteeship and Executorship dertaken. Safe Deposit Boxes for bire

· PHILIP GOCKCHIN Chief Manager

| L. GOCKCHIN

Asst. Manages

THE

LI SHU FONG

Asst. Manager

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up.

$5,000,000, Reserves

$7,200,000 Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000. Head-Office-Shankzin!

A Bank having as its mission the industrial development an China and the fostering of her commercial relations #broad: Hong Kong Office

47, Ice House St.

Phone 3145-2-3

Is It Insured?

Insurance All Classes

“LOVEST RATES

American Asiatic Underwriters

Fed Ine, USA.

General Agents

|

29

.. Dow Jones Averages

30 Industrials 128.06 129.0599 up 20 Rails

32.61 32.78 17 mp 23.92 24.40 48 up 95.87 95.67°/° 20.66%

20 Utilities. 40 Bonds ... 11 Commodity

Index 57:30 57.39.03 up Business Done:-1,480,000 shares.

LOCAL

DOLLAR RISES

Silver Prices Advance

The local dollar has risen opening on demand this morning | at 2/04

Both "spot" and "forward silver have also risen 1/16, to 29-7/16 and 29% respectively.

The London on New York cross- rate was quoted at US$4.89%. as compared with US$4901⁄4, while the New York on London cross-rate was quoted at £ US-$488, as compared with £-- US$4.89%

NEW YORK STOCK EXCHANGE

Latest Quotations

October 4

"The following quotations were re- ceived by Beuter:

Kailan Mixing Ad. 10/5 m. Langkats (Single) Sh-$13 n. S'hai Exploration Sh $474 n. S'hai Loans Sh. $51⁄4 n Raubs $634 s Venz; Goldfield $2.80 n.

Docks, etc..

HK and K. Wharves

ST2

d.

1935

WEEKLY MARKET RUBBER AND TIN

REPORT

PRICES STILL SHOW DECLINE

NEXT: MOVE LIKELY TO......

NABE UPWARDA.

Messrs James F. Hutton & Co Ltd., Manchester, reported as fol lows on September 4:--

Over the past week the general position has · continued "to bearish and prices all round show

Production Quota Raised

NEW RUBBER PLANTINGS IN COSTA RICA

London, To-day.

An extraordinary, meeting of the International Tin Committes

NEW ADVERTISEMENTS

NOTICE

Official Opening of the New Head Office of the HONG KONG & SHANGHAI BANKING

CORPORATION

on 18th October 1935.

decided to raise the production Chef Accountant will be pleased to issue invitation quota by 5 per cent. to 70 per cent of standard tonnages chent who may have been in- cards to any shareholder or betrospective to July 1.

Ladvertently omitted, from the in- The New York Times reportsvitation list a further decline. The opinion of from San Jose, Costa Rica, that certain "experts regarding this

NOTICE

B continuance of falling prices, is taking advantage of the recent that the situation is not one at law exempting the rubber indus which to be alatined through any from Customs and other taxes fear of the bottom falling out of for 20 years, representatives of

the Goodyear company have conHE CONSUL for Portugal and tracted with the Government to T Portuguese Associations in

the market

In fact, some of them are fo clined to think that prices are at present around their lowest level, fand in all probability the next! movement "of note will be in an upward direction..

Enquiries Increased During the past few days there

Plant 2.500 acres of rubber trees Hong Kong will be At Home to

3000 as possible.-Renter.

friends at the Club Lusitano" on the 5th of October, from 11.30 fam to 12:30 pm on the occasion of the 25th Anniversary of the

RAW RUBBER PRICES Portuguese Republic.

has been a noticeable increase in Latest Quotations From

the«nmber of enquiries for piece |

goods. but the dealers themselves

do not appear to have sufficient

Singapore

PUBLIC AUCTIONS

confidence, and therefore brders! Messrs. H. E. Joseph & Co. have†HE Undersigned, have received are being given out very sparingly, received the following Straits Curful instructions to sell by Public

India has shown a little more rency quotations from Singapore Auction.

interest, but it is still exceptional for Raw Rubber:-

to come across anything at all of importance. Bombay has bought a few bleached and dyed cloths. and Calcutta has placed a small trickle of business in various light goods. satteens and fancies, as also has Madras and the up-coun- try markets, but the total has been

podz

There has been a small steady movement in lawas and voiles for Rangoon, and a few dhootles and bleached shirtings have gone through for Colombo, but the majority of the bids for dhooties which have been received were {substantially, out of range.

On

Spot 19: Up * b. 19 % « Saturday, the 5th: October: -1935- November/December 19 % Ue-

s

changed 19 January/March (1936)

b. 20 1⁄4 S

20 Up

April/June (1936) 20% Up

b, 21 s. Market: Fira

RETIRING COUNCIL MEMBERS

(Continued from Page 9.)

Deadlock Reached

"It is hardly necessary for me Prolonged negotiation has re-to say how much I personally and, sulted in differences for standard]I am sure this Council as a whole white shirtings being reduced to regret that the time has now come (old) about 3 per cent, but a position for him to leave it. I will "not"}

HK and Wharves (new)

$70 L

HK and W. Docks $9, n. Providents (old) 55 cts. n. Providents (new) 20 cès. De Hong Kew Sh. $240 n. New Engineering Sh Shanghai Docks Sh.578 n

Cotton Mills

Ewo Cotton Sh. $534 sa

(old) Shanghai Cotton

$65/114 Shanghai Cotton (new) $40 Zoong Sings Sh. $816 n Wing On Textiles Sh. $25 1 Lands, Hotels, etc.

at their Sales Room,

Dúddell Street

A Quantity of Miscellaneous Goods

10 Bags Brass Eyelets

2 Cases Razon.

-1 Case Plaster of Paris Figures

"1 Case Electrical Goods

1 Case Felt Hats...

21 Cases Beer

1-Bag Cork

1 Case Brashes.

also

Quantity of Valuable Household

and Office Furniture

comprising

Iron Safe, Electric Fans, Type- Sundries, etc, etc. Cash on Delivery

TAMMERT BROS..

Auctioneers.

T

Undersigned have receiv

ctions to sell by

mmencing at 2:30 pm:

at their Sales Room, Daddell St. An Assortment of Fine Cut

of deadlock appears to have been weary you, Gentlemen, with a re reached. Shippers to China. Sincital of the Boards and the Courts gapore and Egypt have only ar-and the Commissions to which ranged the most trifling transar-Dr. Kotewall has given bis al- tions. Dyeing and printing ways valuable assistance. Until cloths and linings have met with a week or two ago I was Secre-1. Tuesday the 9th October, 1933- ja better enquiry from South❘tary for Chinese Affairs in which America, but the producers have post, as is natural, it is chiefly complained of the cut prices they possible to assess the value of his

services to the community. For Glass have had to take.

Little fresh buying has been those services I should like to She reported for West Africa. Dealers express my own gratitude and the appear to be watching events very gratitude of the Government. - closely and entering the market

Honour For Services whenever values show a moderate Eight years ago, Dr. Kotewall reaction. Further transactions in received the signal honour from On View from Monday the 7th. greys for finishing have occurred His Majesty of being made a Com-October 1935- for Switzerland and Denmark

HK and S. Hotel $3.10 b. $3.10

sa

HK Lands $24 $2. H.K. Lands 4% Debentures $100

Shanghai Lands Sh. $13.90 sa Metropolitan Lands Sh. $10 m Humphreys $72

H.K. Realties $4 n.. Chinese Estates $86 m2 China Realties Sh.$4 m China Debentures Sh.$56

· Public Utilities HK. Tramways $11 s. Peak Trams (old) $51⁄2 2. Peak Trams (new) $5 n.. Star Ferries $78 n.

COMMODITY PRICES

The following quotations have been received by Beuter.

Prev. Yesterday Closing Closing }New York Cotton:--- ¡October

December January

11.07 11:00 11.07 10.93 11.09 10.96 1118 .11.05

··71.22 11.10

March

Yaumati Ferries $17.

May

C. Light $7.80 b. $7.90/8.00 sa. HK Electric $52% 5. $53 sa. Macao Electrics $20 n. Sandakan Light $3 s. Telephones (old) $175 82. Telephones (new) $61⁄2 n. China Buses Shi$113⁄4 n. Singapore Traction 10/6 n. Singapore Pret. 25/- n.

Industrials

July

11.27

11.12

Spot

1140

1130

New York Rub

December

1193

12.01

January

12.00

March

May

July

12.09 12.15 12.24 12:28m 12:39&. 12.430 12:51

Chicago. Wheat:- December

May

July

106% 106

$105 105% 962

96

Cements 33 b

Chicago CorD:-

FLK Ropes $155 b. Stores, etc.

December

May

60%

61% 60%

Dec.

11.93

Chic Wheat

Det

106%

May.

105%

12.02

106%%% -105 ·

Dairy Farms $143% n. Watsons $2.90 m

July

613%

61

Winair Wheat:

Lane, Crawford $8 n.

October

Chic Corn

December

Dec.

61

May

T00:

May

60%

-59%

2.58

NY. Cotton NY/London *Oct

May

Last

close 10.20

:

11.00

4897 489 4.89% 11.07 11.13 11.08 11.22 11.23 11.18

N.Y. Rubber. 1202

ILK. Office STOCKS.

Asia Fifa Amer Smelting 46%

Anaconda d Building

Copper

Head Office

17, The Band

Sha

Tel. 38234

19

Com: Gas “ot

NE

264%

COMPLET:

Elec. Bond &

Sorte e 1016.

"Int"Tel"&"Tel:8%%

Malabon Sugar $81⁄2 n.. Call, Macg. (Ord.), Sh.$191⁄2 Cald: Macg. (Pre£), Sh$18 n.

Canton Ices $1.60 n.

· Mackintosh $7 1.

Sinceres $5 a

Wm. Powells 70 cts. 1. Wing On (HE) $55 22.

Miscellaneous

Eatertabumer

S. C. Enterprises $1.35 n Macao "Greyhounds. 2 nä Constructions" (old) $1.10

29.

panion of the Most Distinguished | Order of Saint Michael-and Saint George. He is at present acting as a member of the Executive

Council during the absence of Sir

Shouson Chow, having already acted in a similar capacity on no less than six previous occasions.Į

Superior Cutlery

Silver and E P. Ware Bronze Figures

and

Valuable Fors

Tems: Cash on Delivery":

LAMMERT BROS.

Auctioneers

Hong Kong, October 4, 1935.

"In making a speech like this I Council where we, who are col- feel rather like one who delivers leagues of Sir Joseph Kemp and mort a funeral oration over someone Dr. Kotewall appreciate who is still in perfect health. If fully how well these honours have so I hope that Dr. Kotewall will been won by distinguished merit, believe that, although the exigen-painstaking industry, sterling cies of our constitution deprive worth of character and very loyal us of his further presence in this and devoted services to Hong Council, it is the earnest wish of Kong."

all of us that he will consider him-

self to be hardly more than at the outset of his public career.”

Sound Judgment

the

"As Senior Unofficial Member, Sir E. Pollock's Speech

then said: Speaking on behalf of the Un- Dr. Kotewall has been official Members of the Council means of giving advice not only Sir Henry Follock said:

to the Government Officials of this "On behalf of the Unofficial Colony but also to many members Members of this Council I desire of the Chinese Community who to indorse all that you have said have sought his counsel I myself in regard to General Bozzett. have often experienced the benefit “We are very sorry that he is of the sound judgment I have had leaving us and wish him every from him? on success in his future career.

various matters affecting the Chinese community.” "As Senior Unofficial Member I

"On the present occasion I can indorse all that has been said by only repeat what I then stated, Your Excellency in praise of Dr. except to add that, in the years Kotewalls services to this Colony which have intervened, I have “As you have pointed out, Dr. learned to appreciate yet more Kotewall has been a Member of fally Dr. Kotewall's abilities and this Council since 1923, having his services to the Colony, both in received the exceptional honour of and outside of this Council and nomination to an Unofficial seat on also in the Executive Council. this Council for a third term,

where so much responsible, hard “In February, 1927, following work is put in by the Official and on the bestowal of Knighthood on Unofficial Members alike Sir Joseph Kemp, and the Con- “As you have pointed out, Sir, panionship of the Order of St. Dz. Kotewall has – several times Michael and St George

219

2:26

General Motors: 443290

Constructions (new) 25 chái

1.82

1.88

Kotewall the then

8%%%

Vibro Piling $41

More

18172

188

Cecil Clementi

Loew's:Inc

"Montgome

Ch. Gost: 596 1925

91%

May

182

1.88

two recipents

Honours Join

20% 1207%

66.50

66.95

66.7

01

67.00

evoked

Steel

ace: Harpers $

6745

on

Practed as a Member of the Execu Sir tive Council, and I hope that I the may be permitted on behalf of all

those who are

With his

Kotewa

per