1935-10-16 — Page 6

THE CHINA

TEDNESDAY

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Fully Paid-up. 20,000,000 Reserve Funds:---

Sterling£6,500,000 Reserve Liability of Pro-

prietars

BOARD OF DIRECTORS

*#. Tudur!!. King. Chriminati

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1855. HEAD OFFICE: LONDON

Agencies and Branches:

Paid-up Capital

Reserve Fund

£3,000,000 £3,000,000

„$20,000,000, Reserve Liability of Pro-

prietors.

£3,000,000

HEAD OFFICE: HONG KONG.

"Aloe Star

Tele

Amritmar

Ipoh -

Kai you

Bangkok

Karachi

Batavia,

Berbay

Acbe

Calcutta

Kuala

Canton

Lanspar

Xaching

Shanchai

Singapore SILAVED Surabaya

Hadron

Manila

Ledan

New York

Hamburg

Prisi

Hankow

CC Knight, Engi

Deputy Chairma

Hon. Mr.W.H. Bell

Hon. Mr. J.J. Paterson Cawnpore A. H. Compton Esq. TE Pearce Edeba

M. T. Johnson Esq. G. Miskin Esq

Colombo

J. A. Plummer Esq, A. L. Shields ESC Haiphons

་དྷྭབཀཥཱ

BANGKOK

RATANTA

BOMBAY CALOTTA

CANTON SHEFOO

DAIRES

TOY HOW

HAIPHONG

HAMATURG HANKW

HARBIN

HONGXEW

ILOILO

TPKY

JOHORE

FORE

KOWLOON

"F. M. Gryburn. Esq.

Chief Margeti

BRANCHEN:

LONDON

LYOKS

HALACCA

MANILA

YPAR Gebore)

MUKDEX

NEW YORK

PEITING

PENANG

ZANGOON

SAIGON

SAN FRANCIM

XUALA LUMPUË

SHANGHA

SINGATORE

SOUKARAYA

SONGET PATANI TIENTSIN

FORYO

TSINGTAO YOKOHAMA

Current Inmate opement in Incal. Currency and Find Theposito pamited the now your or short periculo in Loral Curtenay and Sterling an begin which will he quoted us applications. Hor Kong And October, 1985,

HONG KONG SAVINGS BANK

The Bemiston at the above Burck in montere ed by the BONG KONG AND SHANGILAI RANKING CORPORATION.

Real may

FOR THE HONG KONG AND SHANGHAI BARKING CORPORATION.

V. GRATBITS,

Karen on sankration,

Farbio

Heng Long

(Peking)

PING

Taiping Teamin Tameka

(Bbaker): Tsingtao Tokohama

Zambonge

Farsign Exchange and General Benzing besine transacted.

Commerce and Finance

LOCAL DOLLAR.

STEADY

Silver Prices Firm

The local dollar is steady, opening on demand this moming| st 2/0d.

Silver prices were steady at 29% and 29 7/16.

The London on New York cross- rate was quoted at S-US$4903⁄41⁄2, as compared with S US$490 while the New York on London WES quoted at cross-rate £—US$190, as compared with

Current Accounts opened and Fixed Deposits merived for one, war or shorter periods at a £—US$1.90%. {which will be quoted on application,

A. BREARLEY,

Manager

Hong Kong, 1st January, 1935.

THE

AMERICAN EXPRESS COMPANY,

Capital

Surplus Reserves

Resorts

BRANCHES:----

Hoid-iberg Lauritz

Shanghaj

On demand

NEW YORK STOCK MARKET

Bullish Confidence Bolstered

* QUICK-SHORT-TERM-REVERSAL

MAY OCCUR AT ANY TIME

LOCAL SHARES

TO-DAY'S QUOTATIONS The following is the list of local share quotations issued to-day:

Banks->

+

HK Bank $1,000. b.

H.K. Bank (London) £105

Chartered Bank 5151⁄4 1.

In their market report, Messrs.

RUBBER POSITION IMPROVED

Manufacturers Stocks Now At Minimum

PRESENT ABSORPTION WILL CONTINUE REDUCTION

London. To-day-

SAFEST CITY FOR

THE BLIND

Sydney's Proud Claim

ONLY ONE ACCIDENT IN 57 YEARS

Sydney.

31z.

a

A blind man is safer in The rubber position appears Sydney traffic than a man who S. E. Levy and Company, corres pondents for Messrs. White Weld to be stronger than is general-has his sight. and Company, Nework, state:-ly recognised since the stocks This is the contention of the Stocks: The rise of railroad held by manufacturers in coun-superintendent of the Indus- issues, in anticipation of favour- tries suffering from acute ex-trial Blind Institute 1.able carloading figures later this change difficulties have been Hedger. On the busy Boome- week, limited the supply of lead-reduced to the bare minimum, rang Street corner, where Bing stocks at this level and served stated the chairman at the an- constable was knocked down to bolster bullish confidence. We nual meeting of Harrisons and while guiding six blind men. met Grosfield, adding that a further Only one blind man has [continue willing to follow the

reduction of stocks was assured with an accident in 57 years. trend, though recognising the fact ith the absorption continuing. That was 48 years ago, when that a quick short-term reversal at its present rate

man driving a vegetable cart may occur at any time. Business

The suggestion that the selling hit a blind man and brake his $3764/-[done: 2,570,000 shares.

of the crop controlled by all com-jaw. Wheat Speculative liquidation panies domiciled in the United There are over 400 blind appears to be coming to an end kingdom be concentrated in one people daily walking around the Total sales: Wheat: 32142.000 hand appeared liable to render city.

Mercantile Bank A. and

2814 D. Mercantile Bank C. 4123⁄4 n. Bank of East Asia $60 bi

Insuranens Canton: 'Ins. $180 b. Union Ins. $377% b.

5071⁄2 384

China Underwriters $1.10 n. China Fire Ins. $982 m. H.K. Fire Ins. $175 b. $180 sa International Assce. # m

Shipping

EXCHANGES

TO-DAY'S QUOTATION

INC.

On Loudon

Douglases $36 E

On TMT and demand

2/8

Head Office: 65, Broadway, New-York

4 months sight

2/-34

Credits on months' sight 2/-%

U.S.$6,000,000.00 2,183,633.06 $70,731.05

On Shanghai--

On demand

133

HK Steamboats. $4 1. Indo-Chinas (Pre£), $30 n. Indo-Chinas (Def), $12 'n Shell (Bearer) 73/11⁄41⁄2 11. Union Waterboats $113⁄41⁄2 n

On Singapore-

$53%

Mining

Antamoks 70: cts.

Amandara

Alham Ambes

C

On Japan:

Balatoes $14 n.

The Hague Fin

Nepal

On demand

1713

Baguio Gold 22 cts. n.

On India

Bert Bombay

Hambur Harry

Paris

Triping

On T.T. and,, demand

13274

Peleryno

Benguet Consolidated $1075 b.,

$10.60 sa

Bemel

Carto

Детяча Indon

Roterraza Rom

On New York-

On demand

494

Chit Nanger.

·Hats Kinng, Zib Teary, N

Calentia Canned Colombo Copenhagen Dublin Edinburgh Fkernen Geners

Tutespect

Southampton

Credits 60 days' sight

5034

Benguet Exploration 13 cts. n. Big Wedge S cts. De

I

Gold Creek 30 cts. n.

Inscr

Tiruthitt Taormina

On Batavia-

Ni

V

On demand

722

Monte Carlo

V

On Paris-

Murino-

Henrh

Yakohuma Zuneb

On demand

**4T

Credit 4 monts' sight

175

On Saigon--

On demand

74

98323

Sovereigns bank buying Bar Silver per oz

927/4 rate 2/1

293%

HK and K-Wharves (new)

nom

par.

3% pa 31% dis.

par.

THE BANK OF EAST ASIA, LTD.

AuthorisedCapital Paid-up Capital

3 ANTIMIZ

Singapore

Branches of American Express 590,000.00 no Company in Principal cities of United ....$ = 3000 States of America and Canada. Zeware and Calvised (mate$260,000.on HEAD OFF" :--HONG KONG.

20. De mix in Central.

BOARD OF DIRECTORS

Sir Sher-son, wow,

· All classes of Commercial Banking Transactions undertaken, «

•

On Manila....

On demand On Bangkok---

- Personal investment accounts hand. On demand

Ti Kon Chun, EPA and Eng Wongled..

Tun Jeneng Chas Soo Eng and San Te

Chen Ching the Eng. Li Lan

Zane Eag PaI-

Kan Tunc Pa _Erq.. _Cim!"Xanager.

· Li Tum Foog, Eng., Jonave.

Batavin

BRANCHES AND AGENCIES :-

Xanila

Bombay Curetta CADATO Haighang Hankow

Honolulu

Melbourne.

New Yor

Piping

Broeng

Bangna

Komentes

Landm

Fan Fries

Sentin

Sharvinai Singapur Pouya

JANULT HOME

Sidney Taitteis

Tingemiti

I missin

Totobans

Free description of Banking and Ex-lange Bunicucted, Losse granted.og argumend

Cutest Acrocata, opened in

Local Cummary and Fixed Deposite revived for car your fr aborter periodi in Loral and Foreign Curre on thich will be quoted on application.

Sale Depout Boxes To Leh

XAN TONG PO..

Chief Maneget,

The Company offers to intending Travellers the use of its "Travellers Bar silver in Hong Kong Cheques" and Letters of Credit and Copper cash

an addition, the world-wide services Copper cents

of its thoroughly equipped Travel Rate of native interest Depart

Chinese Sub Coin Hong Kong sub, coin

7

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- cripton of banking business transact- ed

COMMODITY PRICES

The following quotations have been received by Reuter.

Prev. Yesterday Closing Closing

New York Cotton:-~~ October December January March May Current Accounts and Savings Ac-July counts opened. Fixed Deposits re- Spot

THE CHINA & SOUTH SEA BANK, ceived at rates which will be quoted New York Rubber:-

**** LIMITED

(Incorporated in China) Head Office-Shanghai

.$7,500,000.00

$1,500,000.00

Capital Reserve Branches-All Important Cities in

China

Foreign Farmare and General Banking Businen

transacted,

Current and Saving Accounts opened and Fixed Deposita ived for your of whorter periodi. -at-rates, which will be quoted on application.

BOU Z. SHANG;

Manager.

WONG KONG BRANCH:.

21, De Vaux Bond. Central,

Manager's Offion, sum

Foreign Exchauen, Dept,

·General Otien

Cachier's Ove

LIMITED

on application. Special rates given December

for Special deposits.

HEAD OFFICE:

Gold River 51⁄21⁄2 cts. 2 Ipo Mining 90 cts.

Itogons 36 cts. D

Salacots 15 ets.

Kailan Mining Ad. 10/6-m Langkats (Single) Sh-$13 IL. Shai Exploration Sh.$471⁄2 m. Shai Loans Sh. $5 p. Raubs $6.65

Venz; Goldfeld $2.30 n.

Docks, etc.

HK and K Wharves '(old)

$72 n-

$70 1 EK. and W. Docks $9 n. Providents (old) 45 cts. b. Providents (new) 20 cts. no Hong Kew Sh $2371⁄41⁄2 1. New Engineering Sh$4 n Shanghai Docks 80 n.

Cotton Mills Ewo Cotton Sh. $5.60 b.

(old) Shanghai Cotton

$65 ZL

of actual rubber

bushek. Corn: 5,512,000 bushels serious, the dislocation in the flow On the Boomerang · Street Cotton: The more satisfactory of trade and would soon destroy corner, which is outside the consumption outlook suggests the the organisation on which at pre- Institute, it is quite a common advisability of accumulating ft sent we were able to rely to main sight to see well-known city tares during the present heavy tain London as the world's prin- business · men and Supreme crop movement

cipal free market.

Court judges offering to help Rubber- While tyre makers are! Referring to tea, the chairman blind men across the street. likely to try and fight the advance stated that potential producing Sydney, said Mr. Hedger, is offerings

are capacity was well ahead of the one of the safest cities in the small, but sellers are beginning to current world consumption and it world. In London blind men dictate prices. We remain bullish was essential, in the interest of often carry a white stick and regarding futures. Total sales: all concerned, that the interna-wave it for help, while on the 257 lats.

tional agreement should be con- Continent sraall

and flags The magazine Standard Statistinued-Reuter.

trumpets are used.

Here, however, blind people tics reports:

always find a citizen or a con--

them- stable ready to help Reuter.

war

Lessening apprehension regard- and a situation ing the stronger upturn in Autumn basi-RAW RUBBER PRICES ness provide the basis for a morė constructive immediate market Latest Quotations From

A

policy of moderate extension of commitments is justified. Auto- mobile, motor-accessories and

re-

Singapore

tail trade groups are favourable Messrs. H. R. Joseph & Co. have {situated.

received the following Straits The Supreme Court's partial currency quotations from Singa- clarification of regulatory mea-pore for raw rubber. sures, while having an important bearing on the market, has had little immediate significance.-

Latest Quotations

The following quotations were received by Reater:

Prev. To-dav

close close

4.90% 4.90%

10.87

N.X/London

Cross-rate NY; Cotton Det... 10.84 NY. Rubber Dec ... 12.682 12.82 Chicago Wheat Dec. 102% 104 Chicago Corn Dec....59% 61 Montreal Silver Dec. 66.50 Sh. Silver Official ...... 65%

2.

Dow Jones Averages.

Shanghai Cotton (new) $4020 Rails Zoong Sings Sh. $81⁄2 n.

Wing On Textiles Sh. $25 1. Lands, Hotels, etc. H.K. and S. Hotel $3.15 b. H.K. Lands $24:10 b.

H.K. Lands 4% Debentures $1.00

24.

Shanghai Lands. Sh-$13.90 n. Metropolitan Lands Sh. $10 m Humphreys $7.10 b, $7 sa. H.K. Realties $4 n.

66.50

$59.

30 Industrials 135.03 136.25 1.23 op

33.18 33.99: _

_S1 zo 25.94 26.03 .09 p 95.56 95.62 06 up

20 Utilities 40 Bonds. 11 Commodity

Index

56.71 57.02 31 up Business Dones-2,570,000 shares.

NEW YORK STOCK EXCHANGE

Spot 21.Up 1⁄4 3, 21 1⁄41⁄2 3- November December 21

12 d. 23 % Su

Up

QUEER RECORD OF OLD BULGARIAN

Effected Removal Of 48

Police Chiefs

Belgrade.

A strange "record" is claimed by Svetozar Preljitéh, and old man

January/March (1956) 21 % who lives in the village of Jeze-

Up 3 b 22.

April/June (1936) 22:14 Up

5. 22.3/4 S

vitza, near Tchatchak

In the past 67 years, he has made 147 charges against the local Market:-Firmer-Tendency up-authorities, caused 48 chiefs of

wards

BERLIN SHARE MARKET

Outlook aproves Generally

* CHINA. MAIL.” SPECIAL

Berlin, To-day-

The share market yesterday was

police to be removed—and walked - 32.160 miles to do it.

It was in 1868 that Stetozar raised his first complaint

Since then, at least twice year, he has trudged into Tchat- chak in connexion" with his griev ances--summer and winter, peace. for war--with unfailing zest.

"when I have got 50 police chiefs changed.” he told an inter- viewer, "I can die happy"-Reu-

ter

Comedy Of Electric Light Bulb

in a more friendly mood than it INDIAN BRAVE HAS has been for a few days past, A SURPRISE the economic considerations at home producing a greater effect the than recently. For instance, increase in the Ruhr čoal sales in September and the announcement that the rate. of sale of motor Seeing an electric light bulb in 11.00 vehicles of all kinds has been a hotel bedroom for the first time b. L.NL/London 4.90% 4.90% 490% trebled since 1933, have produced when he visited Winnipeg to give

Latest Quotations

October 16. The following quotations were re ceived by Reuter-

Last close

10.20

..

10.81 10.88 -10.87 -10.92 10.94 10.98

12.685 12.68 1271

· 1034-

10.84 10.87

10.90

10.83. 10.81 10.80 10.33 10.92

10.92

10.95

10.96

10.99

11.20 11:25

12.68a 12.82

Trusteeship and Executorship un-January dertaken. Safe Deposit Boxes for March -- hire.

1274 12.90

12.87

13.06a

LGOCKCHIN Asst Manager

May PHILIP GOCK CHIN"

July. Chief Manager

LI SHU FONG Chicago Wheat:—

Asst. Manager (December

13.02

13.20a

Chinese Estates $86 - China Realties Sh.$4.

13.17

13.31

China Debentures Sh.$35 1

Public Utilities

1023%

104

H.K.

Tramways

$10%

May

101

102%

$10.70% sa

NY. Cotton

July

91%

927's..

Peak Trams (old) $52 . $5 #1

THE MERCANTILE BANK OF INDIA, LTD.

Chicago Corn:

Peak Trams (new) $41⁄2 the

Dec. May

December

59%

61

Star Ferries $78 z-

N.Y. Babber

Deck

May

58%

59%

Yazmati Ferries $17 m

Caie Wheat

· Tel.

2366

W

1. Gracechurch Street, Loudon, E.CA

July

59%

60%

C. Light $8 b., $8 sa.

Dec.

Authorised Capital

£3,000,000

Winnipeg Wheat:---

HK Electrics $53

m.

May

102% 101

102%

Subscribed Capital

Chic Corn

1,800,000

October

90

91%

Paid-up Capital

1,050,000

Dec..

59%

Reserve Fund & Rest 1,247,830

December

May

91% 95

92 95%

May

58%

60% *69%

STOCKS:-

New York Sugar:---

Amser Smelting 521⁄2

December

2.52

2.51

Ansenda.

January

217

214

Copper

2:14

211

Con Gas of

NY

21%

2934

52 52%

21% -21%%

29:15 29-14

2.17

2.15

Elec Bond: &

July

2.21

2.19

Share

Singapore

New York Silk:- December

1.35

1942

1.94

1.9342

Call, Macg. (Ord.) Sh:$191⁄2 n. Cald: Macg. (Pre£), Sh$13 n. Cantor Ices $1.50

Loew's Inc

4834

49

10 48

1.94

193

Cements $34

3244 $374

HK. Ropes $1.60 b.

66.50

66.50

66.70

66.70

Dairy Farms..$14.60 b., $14.60/65

67.30

67.40

N.Y. Central Standard Oi ONIS U.S. Steel

#21%

44/2 45

sa.

45%-45

67.70

67.85

Watsons $2.90 b..

Lane, Crawford $2

Mecintosh

Đ

BRANCHES:

Bangkok

·Romikay

Ipoh

Kandy

· Caliname Colombo Delhi.

Established 1880-***

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

BANKERS:

THE YOKOHAMA SPECIE BANK The Bank of England & Midland, Bank, Ltd.

Karch

New York - Peakog

Port Louis Kota Bhar

__(Mauritius) Koln Ligi

Pangoon Kuala Lumpur Bangk Kuantan (Pabong) Simla Madras

HONG KONG BBANCEL

March

May

Every description of Banking and Exc March

Trusted Executorships undertaken, INTEREST allowed on Current Accounts and Montreal Silver: Fixed Deposita at Bates that may be ascertained

Howrah

May

Head Office: 'YOKOHAMA

business transacted.

Branches and Agencies at

Traveller Cheques, immed..

Alexandria

Batavia

on application.

December.

New York

·RKENXEDT,

Manager.

January

7. Queen's Road Central

Hong Kong 24th July, 1965.

March May

Berlin

Bombay

Calcutta

Canton

Dairen (Daliy)

Nagasaki Nagoya

spies

Paris

Peiping

Rangoon

Fengtien (Mukden) Rio de Janeiro

Haraborg

Hankow

Harbin

San Francisco

-Seattle

Semarang

Hong Koắc

Shanghai

Honolulu

Singapore

Hrinking

Sourabaya

Sydney

Tientsin

Karachi

Kobe

'London

Los Angeles"

Manna Bojt

Tokyo Tsingtau

Interest allowed for Current Ac- counts.

Deposits received for fixed periods st rates to be obtained on application:

C. KISHINAMI,

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

\ (Incorporated in China)

Capital paid op *** $5,000,000. Reserves

$7,300,000. Capital Savings Dept. $500,000. | Reserve Savings Dept." "$600,000,

Head Office-Shangħal

A. Bank "having as its milion the industrial dévelopment on China and the fostering of her commercial relations abroad. Hong Kong Office***

A Leg House St.

Phone-214RE=2-31

Is it insured?

Insurance-Al. Ciranes LOWEST RATES

American Asiatic Under

Fed. Inc., USA. "General. "Agents.

Macao Electrics $20 n.. Sandakan Light #3 a.. Telephones (old) $17.40_b. Telephones (new) $64 z China Buses Sh$111⁄4 n. Singapore Traction 13/- 6. S'pore Traction Pref. 25/- 1.

Industrials....

Malabon Sugar $84 1

Stores, etc.

Sinceres $2.80 I

Wm. Powells^70 ctx. n. Wing On (HK.) $35 11.

Entertainments 84 m.

General Motors 48% 43% 48% Int. Tel:& Tel (10%)

Mongomery

Ward

21%

45%

a more confident outlook, especial evidence in a court case, à 95- ly in view of the firmer tone of year-old Cree Indian used up near- the London and New York Bourses. ly a borfull of matches attempt-

Fired interest securities were ing to light it

| slagzish, the turnover, small and When someone pressed the the trend erratic. Provincial switch, and the light flared up, loans were weaker and gold the one time brave was 50 SUT- mortgage bonds neglected. Call prised that he fell backwards to money was at 3% per cent Trans-Ocean Service.

REICHSMARK QUOTATIONS

Berlin, to-day. Beichsmark quotations, without guarantee, are given as follows: New York, 46.24; Paris 610.5; Amsterdam 59.325; London 12-1875. The London sterling prices were on Paris 74.39 and on New York 15.175-Trans- Ocean Service

British Exchequer Returns

the floor. He is still wondering how he is going to explain it all to his neighbours at Knee Lake, Manitoba, far in the north.

BIRTH CONTROL IN BEE INDUSTRY

Senator Glass Has Objections

Washington. Senator Carter Glass, the dis- tinguished and conservative states- man from Virginia, does not like the Agricultural Adjustment Ad- ministration hill becanse be con- tends it attempts to teach birth

“I don't want to be put in gaol as compared with because I can't control the activi ordinary revenue, excluding self- 565,000,

£101,119,000 at the corresponding ties of my Queen Bee," the Sena |balancing items, amounts. to

date of last year, with an es- tor told his colleagues during a £313,389,194, as compared with timate for the whole year of session in which legislation to £295,448,800 at the corresponding £188,570,000.

widen the scope of the AAA date of 1934. Receipts from in- Total ordinary expenditure, ex- Act was discussed. come tax are £60,583,000 as cinsive of self-balancing items, Senator Bankhead assured "Mr. £381.251,025,00 25. againat Glass that the bill only proposed HE Govt 4% Loan 5% | against £57,105,000 for the same is

period of the last financial year. £362832413 at the corresponding to preserve an agreement - which prem. n.

Customs receipts for the week date of 1934 British Wireless was already in effect in the bee in- were about 1,000,000, more than ise

London, to-day. Exchequer re-in the corresponding week of last control to bees. turns to date show that the total year and stand to date at $106

S. C. Enterprises $1.25 n.. Macao "Greyhounds” $2 n. Constructions (old) $110_n Constructions (new) 25 eti, s. Vibro Piling $4 n.

Ch. Govt 5% 1925 G*Bds.

91%

HK Govt. %% Loan Far b

ace Harpers