1935-10-18 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

HEAD OFFICE: HONG KONG.

BOARD OF THRECTORS

Authorised Capital

Issued and Fully Paid-up Reserve Funds:

$50,000,000

20,000,000)

Incorporated by Royal Charter, 1953.

HEAD OFFICE: LONDON

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

prietors

Paid-up Capital

£5,000,000

Reserve Fund

£3,000,000

$20,000,000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Star

Rangroo

| Amridang

1pca

Saigon

Bangkok

Tarachi

Semarang

Kang

Sesban

Bombay

Robe

Calcutta

Lampar

Casenpuco

Kuching

Hadras

Seartbata Tripitzg

Colombo Thi

Manil

Hedan

Treci

Fire Tuck

(Bbuker)

Hainburg

Paiping

Tuertas

Hankow Harbin

(Paking)

Tokohama

Penang

Zamboangs

S. Dodil Faq

Chairman.

·CC Anscht. Eng.

· Deputy Chadem

Hon Mr W. EL Bell

Futuri

Hon. Mr. J. J. Paterson Centen

A. H. Compton Esq., T. E. Pearce Esq., c M. T. Johnson Esq. G. Miskin Est

IA. Plummer Exq.. A. L. Shields Est. Haiphong

V. $35. Grayburn, Esq.

AMOT

RANGKOT

MATAVIA

HOMBAT

· CÁLCUTTA

CANTON

CHEFOO

COLUMBO

DAIRES FOOTHOW FUXIPERANG

HAMBURG

HANKOW

BARBIN

HONGKEW

SAILO

IPOR

JOHORE

XOBE

FOWLOON

Chief Hampet.

BRANCHES:-m

LONDON.

LYOKS MALACCA

MANILA

NTAR (Johor)

MURDEN

NEW YORK “

PELPING

PENANG

BANGOOX

SAIGON

SAN FRANCISCO

KUALA LUMPUR

STANGĦAT

SENZANGRE

SOURABAYA

SINGET PATANI TIENTSIN

TOKYO

TSINGTAO

· YOKOHAMA

Exmar Aromunta sproed in Local Cummary and. Fired Impunite received for one yAD OF shomme pomicule in Loral Corry and Sterling og terms which wîi by, quoted in applicatzera. Hoothed October, 1905.

خمسة

Shanghai Singapore

THE CHINA MAIL, FRIDAY, DEFOBER 18, 1935

ommerce and Finance

MANCHESTER REPORT

Market Said To Be Busier

EXPECTATIONS NOT FULFILLED

Messrs. J. F. Hutton & Co. Ltd, Manchester, report, on September 1S, as follows:

Little alteration → has taken place in raw cotton values during and previous

Foreign Exchange and General Banking bumi the past week,

treseacted.

A. BREARLEY,

Manager

Hong Kong, 1st January, 1935.

levels have been well maintained.

Current dedunds opened and Fixed Deposits received for one wee or shorter preinds at mus¿A better tone seems to have been which will be quoted on application.

prevalent in New York, and de- spite the more favourable weather advices the outlook is considered to be rather more bullish. The disturbing political situation in Europe coupled with the rise in wheat and other commodity mar- AMERICAN EXPRESS COMPANY, kets are strengthening influences,

THE

INC.

Head Office:65, Broadway, New York

U.S.$5,000,000.00 2,163,653.06 $70,731.05

Hamburg Hatt

Capital 'Surplus

Reserves

BRANCHES:-

Arr Antwerp

Genos Glencoe

Au

The Hague

Agaman

Havana

Bani

Nex Pinus Paria

Berlin

Priping

Jinden mar tags.

Both the

Beuwels

CAMATA

Chief Manage

lieng Bang. th February, 19x5.

Colombo Copenhage Imblin

tuan

Mamoillee

Edubur. Fiorepca ÜNDETE

Monte Carlo

Marsiin

Must

Nontra

HONG KONG SAVINGS BANK

The kit the stove. Tunik in conderet.

ed by the HerNG RONG AND SHANGHAT BANKING CORPORATION, (<btained an 'apertovatine,

FOR TIRE BONG KONG AND SHANGILAT PANKING CORPORATION,

.. GRAYBUEN,

THE BANK OF EAST ASIA, LTD.

Author and Capital

Paid-up Capital

Emers and Codited

--

Interlaken Jerumim Exclus Liverpool L'

AUTOS

Printwo Engerdam. Rome Shanghai Knuthampoon. Singapore

Twemina

Yokotar Zurich

Branches of American Express. 800.000.000.00 Company in Primcipal cities of United

States of America and Canada.

HEAD OFFICE:-HONG KONG. 16. De Vox ed. Carrel

BOARD OF DIRECTORS:— Six Shou-ma c'homme.

All classes of Commercial Banking Transactions undertaken.

Lim Chun, Esq. Kin: Eay Tangled Yin Inna. Fat Chan Ching Sh. Eng.. Li Lon Sag. Eng Wong Chu Son, Erg, and Eaz Ying Fa. Eq.

ADZY

Futuria

Fiereadingy

Calenta

Gaston 1.p Kankow

Kas Jung ra, Tag, Chin? Wanager.

Tar Fong. Eng. Ther

Honolulu Frida Kowloon Locato

BRANCHES AND AGEZCIES)—

Melkmerne

New York

KAN

Puri-

Inaz Jean

Bangren

Fa Fran

****

Tabs

T

Эксте Valicous ne Yob

Evription of Banking and Tarhanov Deriseks kekanaitēt, kanten granted on approved

metation.

Curreal Arounts, opened in Local Curest and Fixed Deposits aised for vor, 3mur er aborter, pisindo wa Tural and Foreign Currencie on terms worch will be quoted an "application.

Sale Deposit Botes To Lety

XAN TONG PO.

and it would seem that the pre- sent is quite a favourable time for buying. The takings of cot- ¡ton last week by the world's mills compare satisfactorily with the same period last year.

On the whole, however, the market has been busier this week but business generally has not Fulfilled expectations. It is still rather apparent that buyers -ap- pear to be adopting a cautions at- titude towards placing their re- hold quirements, and prefer to

of for the present. One or two have been under offer for Inice lines of mulls and fine goods Karachi, and Calcutta, but most most of the offers have been too How

Karachi's Poplin Interest Poplins have received fair amount of attention also chiefly for Karachi, and in addition few lots of white shirtings have

Personal investment accounts hand-been booked Madras and Amrit- sar have enquired for some of the light fancy styles. Bombay has The Company offers to intending Travellers the use of its "Travellers shown . little more activity Cheques" and Letters of Credit and chiefly in dyed styles, but only a in addition, the world-wide services small

turnover has resulted

of its thoroughly equipped Travel Some of the up-country outlets: Department.

have done a useful trade in prints and specialities. Few cablegrams. Manager have been received from the Fast

Eastern-sources.

E. W. DUGGAN,

THE WING ON BANK LIMITED.

Head Office: Hong Kong 26. Des Voeux Road Central. Authorised Capital $10,000,000

China Disappoints

China remains disappointingly quiet and apart from small orders fof shirtings and poplins little else has been dealt with Deinand from the Near Eastern markets Has been small and has covered mostly the medium weight bleach- LONDON BANKERS:

ling cloths. The West African Westminster Band, Ltd Foreign Exchange and every des-markets continue to put forward cripton of banking business transactja fair enquiry and some nice ed.

business has resulted. Heavy Current Accounts and Savings Ac-shipments, however, are now go- THE CHINA & SOUTH SEA BANK Counts opened Fixed Deposits reing forward and some buyers pre- ceived at rates which will be quoted; on application. Special rates given fer to wait and see how these goods are absorbed before placing für- Trusteeship and Executorship m-ther orders. dertaken. Safe Deposit Boxes for hire

LIMITED

Chief Manager.

(Incorporated in China),

Head Office-Shanghai

Capital

$7,500,000.00

Reserve

$1,500,000.00 Branches-All Important Cities in

China Foreirs Exelwngwand General. Banking Business trasacied.

Current and. Sawing Arousta opened and Fised Deposits Pired 'dor one year or shorter periods st rates which will be quoted on application..

HONG KONG BEASCE:

Manager.

20, dem Yuva Boad, Cooszul.

میمی در جیو anas

Foreign Exchanion Dope

«General Oße

Cashier's Oce

- TAL

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

Capital (full paid-up) Yen. 100,000,000! Reserve Fund 2. All Yen. 127,450,000)

Head Officer YOKOHAMA

Branches and Agencies at

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Dairen (Damy)

Nagasaki

Nagoya

New York

Osaka

Paris

Peiping

Rangoon

San Francisco.

Seattle

Hamburg

Hankow

Harbin

Hong Kong

Shanghai

Fonolala

Hrinking

for Special deposits.

PHILIP GOCK CHIN Chief Manager.

L. GOCKCHIN Asst. Manager

LI SHU FONG Asst. Manager

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

Reserves

Capital Savings Dept. $500,000 Reserve Savings Dept. $600,000. Head-Office-Shanghai

A Bank having as its mission fhe industrial development on China and the fostering of her commercial relations abroad.. Hong Kong Office-

House St. Phone X1481-2-3-

Is It Insured?

COMMODITY PRICES

The following quotations have been received by Reuter.

January

Prev. Yesterday Closing Closing.

12.99***

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Bankr

H.K. Bank $1,030 b. $1,050 HK. Bank (London) 105% Chartered Bank £134 n.. Mercantile Bank and

$2814 Z. Mercantile Bank C. £12% -1. Bank of East Asia $60 b.

***Insurances

Canton Ins. $180 Union Ins. $335. b. China Underwriters $110 n. China' Fire Ins. $382 n. HK Fire Ins. $17734 h. International “Assoa,” $4 n.

Shipping

Douglases $36.12 HK Steamboats $4 n. Indo-Chinas (Pref), $30 n. Indo-Chinas (Def), $12 1. Shell (Bearer) 3/9 n. Union Waterboats $11 -

Mining

Antamoks 70- cts. n. Balatoes $14 m. Baguio Gold 22 `cts. a.

NEW YORK STOCK

MARKET

Bullish Confidence

Maintained

SHORT - TERM REVERSAL LIKELY AT ANY MOMENT

0

FIRE KILLS 1,500 GERMANS EVERY YEAR

70 Per Cent. Of Outbreaks Said To Be Preventable

Munich.

Over 1,500 lives are lost and

REICHSMARK RETURNS

SHARP DROP IN GOLD STOCK

~CHINA MAIL" SPECIAL

Berlin, To-day. The Reichsmark returns to

half a billion marks ($41,650,-October 15, which were issued In their market report, Messrs.1000) worth of property destroy-yesterday, show a sharp drop in. S. E. Levy and Company, corres-ed annually by fires in Ger- gold stock by 5,500,000 to $3,800,- pendents" for Messrs. White Weld many according to statistics 000 Reichsmarks, this sudden de- and Company, New York, state:published here.

cline not being due, as would ma- Stocks: In spite of a slightly The fire prevention league of turally be supposed, to the settle- lower market, we maintain bullish confidence, though recognis-70 per cent of these fires are to the League of Nations, since our South Germany calculates that ment of the German subscription ing the fact that a quick short-caused by carelessness

and the Reichsbank had long before Rem reversal may occur at any could be prevented Reuter made provision for meeting this

Business done: 1,610,000,

engagement, but is attributed the urgent need of imports bought against cash.

time. shares.

Wheat: The market is acting well and we would. favour pur- chases on all dips. Sales of flour jare better. Canada has officially denied that there would be any change in her sales policy. Totalj sales: Wheat: 69,651,000 bushels;{ Corns: 6,977,000 bushels. **

LOCAL DOLLAR DECLINES

Silver Prices Fall

فره

to

Foodstuffs did not figure largely in this special outlay, but rather the raw materials which are not provided for in the clearing sys-

tem.

The local dollar has declined 1%,

Foreign currency reserves in- opening on demand this morning creased by 600,000 to 5,100,000, making net loss of 4,900,000 and total of 93,900,000 Reichsmarks-Trans-Ocean Ser-

Cotton: Liquidation by specula-[at 2/0, tors has been orderly and was ab-| Silver prices fell 1/16 to 29-leaving a sorbed by the Trade. We would 5/16.. accumulate holdings during the

The London on New York cross-vice. present heavy crop movement '; rate was quoted at S—US$4.9216. Rabber: Tyre manufacturers as compared with S-US$4.91, are accelerating their production.while the New York on Consumption during October is es-cross-rate was quoted at timated at 39.000 tons. We think -US$492, as compared with that prices are moderately cheap-U.S.S1.91. for a long pull. Total sales: 271

lots

Flash: The Schenley Distillery

Benguet Consolidated $10.60 sa Corporation has earned $1.64 per Benguet Exploration 13 cts. D. Big Wedre 8 cts. - Gold Creek 30 cts. n.“ Gold River 54 cts. Ipo Mining 90 cts. t. Itogons 361⁄2 cta. D. Salacots 15 cts.

Kailan Mining Ad. 10/6 m2. Langkats (Single) Sh.$13 n. Shai Exploration Sh.$474 n. S'hai Loans Sh. $54 1 Raubs $6.65 .. Venz; Goldfield $2.20 n

-

Docks, etc.

HK and K Wharves (old)

$72

HK and K Wharves (new)

$70

HK and W. Docks $9 n. Providents (old) 45 cts. bu Providents (new) 20 cts. The Hong Kew Sh. $23754 n. New Engineering Sh.34 n. Shanghai Docks $80 L

Cotton Mills Ewo Cotton Sh. $5.60 b. Shanghai Cotton (old) Sh

$65 1.

Shanghai Cotton (new) $40 Zoong Sings Sh. $816 1. Wing On Textiles Sh. $25 ¤,

Lands, Hotels, etc.

London

BERLIN SHARE MARKET

More Satisfactory Situation

~CHINA MAIL SPECIAL

Berlin, To-day.

ended! share for the quarter September 30, against $1.01 dur- ing the corresponding period last year. For the 9 months ended September 30, the Corporation has earned $4.00 per share, against $5.03 during the corresponding The share market opened erra- months of last year.

tic but

several

satisfactory Brokers' Loans during the past economic reports, combined with week are estimated at $818,000,000. the very favourable foreign trade against $825,000,000 the previous returns for September, showing a surplus of 55,000,000 marks, put the Bourse in a friendlier mood, 30 that the turnover was greater than for some days, and prices were in many cases better.

Fixed interest securities were dull and the tumover small, but prices were steady. Call money

week

Latest Quotations-

The following quotations were received by Renters

Prev. To-day close clones

NY./London

cross-rate

191-3/16 491 was a 2 per cent. Trans-Ocean

| N.Y. Cotton. Oct. N.T. Rubber Dec Chicago Wheat ·

10.ST

1284

10.82 12.90

Dec.

100%

102

| Chicago Corn Dec. 60%

Montreal Silver

59

Dec.

66.50

66.34 65-4

| Silver Official

66%%

Dow Jones Averages

30 Industrials 135.68 135.57 11 of 20 Rails

33.93 33.54 39 off

n. 20 Utilities 40 Bonds

HK. and S. Hotel $3.10. b. H.K. Lands $243⁄4% b. $243⁄4 EK. Lands 4% Debentures $100

D-

Shanghai Lands Sh$13.90 Metropolitan Lands Sh. $10 m. Humphreys $734 bi

H Realties $4

Chinese Estates $36, n. China Realties Sh.$4 a China Debentures Sh$35 1.

Public Utilities HK. Tramways $10.65 b.,

-sa

25.90 25.85 .05 of 95.21 95.79 .08 up

11 Commodity

Index ... 56.58 56.99 #1 up Business Done: 1,610,000 shares.

Service.

INCREASE IN U.S. INCOME

Consumer's Confidence

Continues

EXCHANGES

TO-DAY'S QUOTATION

On London.

On TT. and demand

4 months" sight

Credits 4 months' sight

On Shanghai—

On demand

On Singapore—.

On demand

-734

$51%

On Japan-

On demand

171

On India

On T.T. and demand

3:274

IMA

Credits 60 days' sight.......

49% 50%

*;

On demand

On New York-

On demand

On Batavia-

On Paris-

On-demand

On Saigon-

*745

Credits 4 months' sight 7724

On demand On-Manila-

On-demand

74

984

9:234.

On Bangkok-

On demand.

|Sovereigns bank buying rate 2/-%

Bar silver per oz.

Bar silver in Hong-Kong

Copper cash

Copper cents

29 5/16

nám

200

par

Rate of native interest Spa Hong Kong sub, coin Chinese Sub. Coin

par

31% dis

New York, To-day. tuation to show the most encour- Addressing the National Sales aging sales picture sincem, Executives Conference yesterday, Mr. Roper said, “Not only is the Secretary. Daniel Roper predicted national income increasing but that the National income for the consumer's confidence has steadily on the ascendant

NEW YORK STOCK 1995 would show an increase of been

EXCHANGE

Latest Quotations

October 18. The following quotations were re- ceived by Reuter:-

Last

close 10.20 11.00 N.Y/London 491-3/16 49134.91% $10.70)N.Y. Cotton

Dec 10.85 May 10.95 N.Y. Eubber:

Dec.

Peak Trams (old) $5 n.. Peak Trams (new) $4% 1. Star Ferries $78 n Yaumati Ferries $17 ..

C. Light $8.10 b., $8.05/8.10 sa. HK Electrica $533⁄4 b, $53 sa. Macao Electrics $20 n, Sandakan Light $ & Telephones. (old) $18 a. Telephones (new) $6% s. China Buses Sh.$111⁄4 n Singapore Traction 13/~ b. S'pore Traction Pref. 25/- n

Industrials

5 to 10 per cent on last year, since 1933 and there is nothing when it was nearly US$50,000,- on the business horizon indicat 1000

ling any adverse change in the Summarising the business si- trend of income. Reuter.

10.84 10.83

10.95 10.95

WH

Chic Wheat

Diec

May

12.84

100% 99%

12.86

72.98,

·101

100%

Chic Corn

Dece

May

60% 59

STOCKS:-

Amer Smelting 52% Anaconda

Copper" 20%

Con Gas of

NYT

60

Cements $3.15 b.

H.K. Ropes $1.90 b. Stores, etc. Dairy Farms $143⁄41⁄4 b. Watsons $3 b. and sa Lane, Crawford $2%-n. Mackintosh $7-1

Sinceres $21.

Wm. Powells 70 cts. Wing On (EE) $55_n.

Miscellaneous

Entertainments $4 m

S. C. Enterprises $1.35 n. Macao "Greyhounds”. $2 m. Constructions fold) $1.10 n Constructions (new) 25 cts, s Vibro Piling $4.

RAW RUBBER PRICES

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co. have ] received the following Straits currency quotations from Singa- pore for raw rubber

Spot 21 1⁄2 Up 1⁄41⁄2 b, 21 % 8. November/December 21 1⁄2 un-

changed b., 214- January/March (1936) 22 up

(1936) 22% Up %

Undertone

CHANNEL BUOYS

THAT would modem naviga-

buoys

tion do without the channel those floating markers that keep ships off the shoals? In a very real sense, the advertise- ments in this paper are channel buoys, placed for your protection -for the safeguarding of the family expenditures.

These advertisements are the signed statements of reputable firms who seek your patronage on the single basis of giving value for every dollar spent. They are honest statements, the only kind an advertiser can use and remain an advertiser.

People who get the most for their dollar in the market-places are those who keep an eye on the channel buoys. Day by day, they follow the advertisements to learn what and where to buy to the best advantage. Make this a habit, Study the advertisements, the interest of shrewder buying.

The adver

have

NY. Central ⠀ 22% 22

New York Cotton: October

•

December

$5,000,000.

March

($7,300,000.

May

July

10.87 10.82 10.85 10.79 10.84 10.30 10.91 10.86.. 10.95 10.90 10.99 10.94

593

Spot

11.25 11.15

New York Rubber December

52% 52:3

20% -20%

12.84

12.90

January March

12.84

2874

283

13.02

13.12

Plec Bond &

May

13.21

13.265

-Share

July

13.37

13.39

Chicago Wheat:

Malabon Sugar 381⁄2 1..

December

100%

102%

Cald., Macg. (Ord.): Sh$191⁄2

12 122 12% General Motors 4944 49 Int Tel & Tel -9%% -94. Loew's Inc

4914

9*

47348

47%

May

July

99% 90%

10134 92

Cald: Marg (Pref.), Sh$18 m. Canton Ices $1.60 mm

Montgomery

Ward

#32% 32%

33%

22

Chicaro Corn:-

Standard Oi

December

May

Insurance All Classes LOWEST RATES

July

Winnipeg Wheat:- October December May

60 59

593% 59% 60%

88% 903% 89

90% 92K 94

of NJ.

US Steel (45%

45

4534 45%

Head Office

AD

2.50

2.54

214.

2.17

211

2.14

2.14

2.18

گا اور میرا

18

2.21

New York' STE:

December

March.

May

19872 2003 1973

198

$197

$1.94

1.94

Ch Govt. 5% 1925

Montreal Silver:

66.59

66.24

HK Govt 4% Loan

66.70

66.70

67.30

HE Goxf

7:80

67-85

Wallace Har

Hengtien (Mukden) Rio de Janeiro.

Karachi Kobecn

London

Los-Angeles

Manila

Interest allowed

Semarang

Singapore Sourabaya Sydney

Fientain Tokyo

Current Ac-

Deposits received for fred periods

af rates to be obtained on application:

American Asiatic. Underwriters

Fed Inc., USA General Agents

17. The Bered

Shanghai

HK. Office December.

New York Suvar

* Ania Life

January Building March Tel: 30234 May Inly

Job Printin