1935-10-24 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.“ Incorporated by Royal Charter, 185S

HEAD OFFICE:- LOND

BOARD OF DIRECTORS.

Dedwell, Tag

·Der Star"

CHIRA

SIAL OCTOBER 21

Commerce and

Finance

Silver Prices Steady

Authorised Capital

$50,000,000

Issed and Fully Paid-up. 20,000,000

Reserve Funds........

Sterling

£ 6,500,000.

Reserve Liability of Pro-

Paid-up Capital Reserve Fand

2,000

LOCAL DOLLAR DROPS

prietors

[$20,000,000 | Reserve Liability of Pro-

prietors

000,000]

HEAD OFFICE: HONG KONG.

Agencies and Brand

Follo

· Bangoon

Joch

Saigon

The local

Bangkok

Karachi

Bumbay

Tobe

Calencia

Kuala

Shanghai

·Singapore

| Laumper

Cavapore

Joching

Madras

Marita Kedan

New Lock

(2maker)

Hamburg Haskow Harbia

Pridize

Twinmo

(Paling) Prog

Tokobams

Zamboanga

C. G. Knight Ear-

Deputy Cha

Hon Mr. W. E. Bell

Fon. Mr. II. Paterson Canton AEL Compton Esq., T. E. Pearce Esq, canl MT.Johnson Esq. G. Miskin Esq., Colombe IA. Plummer Esq., A. I. Shields Esp

"ANOT

RANGKOK BATAVIA DOXHAY

CALCITA

CANTUN CHEFOO COLOMBO

DAIREN FOOCHOW FAIPHONG HAMBURG

HANKOW HARRIN

HONG KEW

ILOILO

IPOH

JOHORE

KOBE

XOXLOON

V. M. Grayburn Eng

BRANCHES

LONDON

LYONS

KALACCA

MANILA

MUAR Jobore)

MUIDEN

XKW YORK

PEIPING

PENANG

RANDOON

SAIGON

SAX FRANCISCO

KUALA LUMPUR-

SHANGHAI

SINGATORE

SOURARATA

SUNGEI PATANI

TIENTSIN

TOKYO

TSINGTAO

TOKOHANA

Cermat Acrouble opent in Local Corrency and Fixed Deposite merived for one year or shorter periods in Local Currency and Sterling on term which will be quoted in application. Hong Kong. fod Desader, 1933.

Hear trong

Klang

Foreign Exchange and General Banking boxins

Current Acconta opened and Fixed Deposit received for one year or shorter periods at which will be gooted on application.

A. BREARLEY,

„Manager. Hong Kong, 1st Jamary, 1935.

THE

AMERICAN EXPRESS COMPANY,

HONG KONG SAVINGS BANK

The Basin of the above Back is condwet

ed by the HONG KONG AND SHANGHAI BANKING CORPORATION

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION

V. 31. GRAYBURN,

Amsterdam. Antwerp

Amaan

Berlin

obtained on application.

Hamborg

declined % opening on demand this morning at:1711% (rominal).

Silverprices (were. steady, “DOL” IL-99-5/16, and-"forward" 29

The London on New York cross- {rate was quoted at £ US$491%,

as compared with

while the New York

Cross-rate

US$492, 25 SUS$491.

US$1911⁄4,

on London quoted

LOCAL SHARES

TO-DAY'S QUOTATIONS

The following is the list of local share

quotations issued to-day-

Bankas HK Bank $1,040/300/=

NEW YORK STOCK MARKET

Bullish Tone Again Manifest

RENEWED DEMAND FOR CERTAIN LINES

CHIANG KAI SHEK

SYMPATHETIC TO

THE SOUTH WEST

Eventual Resistance

To Japan

NEW ADVERTISEMENTS

NOTICE

HONG KONG CRICKET CLUB.

ANNUAL GENERAL

MERING will be held in

URGES CANTON TO SUPPORT the Pavilion on MONDAY, the

HIS POLICY

In their market report, Messrs. S. E. Levy and Company, concen pondents for Messrs. White Weld

From Our Own Correspondent] Canton. To-day. and. Company, New York, state-

Stocks: The market was again. An American news agency bullish and there was a renewed dispatch from Shanghai states

of the Military

4th November, 1935, at 5.30 pa

PUBLIC AUCTIONS

THE Undersigned have received

FK Bank (London) $10671⁄2 ¤.. demand for certain lines, particn-that General Chiang Kai-shek instructions to sell by Public

од

Chartered Bank 513319arly oils and automobiles We Chairman- Mercantile Bank A. and B still feel that, until a definite sell-Affairs Commission. has assur-Auction:

£284 L

ing test has appeared, interest ised the South-west leaders that Mercantile Bank C 12hkely to swing from one group he does not intend to go on Monday, the 28th October, 1935, Bank of East Asix

to mother Business done 2,760, submitting to Japan and urges their support of his policy of

Canton Ins. $185 h.

at

Union Is. $995 1

mmpared with

NEW YORK STOCK EXCHANGE Latest Quotations

October 21 "The following quotations were re- ceived by Reute

*

[000 shares.

Whether this plea has made an

the South-west |

Wheat There are good cash eventual resistance. premiums on all markets, but China: Underwriters, $1110 8. - there is a decided lack of interest impression on China Fire Ins. $982 a.. HA: Fire Ins. $185 b. International Assce. $6 n.

SARA Shipping. Douglasen $36 DANA HK. Steambosis.$4-1. Indo-Chinas (Pref), $30 n. Indo-Chinas (Def.) $11 b. Shell (Bearer) $76/3 n. -Union- Waterboats.--

Mining

Antamoks: 70 cts. I Balatoes $14 J Bagnio Gold 22 cts. n. Benguet Consolidated $10.60 *. Benguet Exploration 13 cts. 12. Big Wedge 8 cis. 1-

Salacots 15 ets. n.

LYC..

Head Office:-65, Broadway,

New York 1.

Capital

Surplus Reserves

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

Last clone 10.20 12.00 XYLondon 491 491%

491 NT. Cottom

BRANCHES:~

May

10.81 10.84 10.94 10.81

10.90

10.99

Genos

Glasgow The Hagor Havane

Naples Picass

NY, Rubber

Dec.

12.92

13.04

13.08

Chic Wheat

Gold Creek 30 cts. z.

Paria

Priping

Dec

101

100%

"Gold" River 571⁄2 ett. 3.

Zutem may be

Bombay

Bremen Brisein

Cairo

Chief Mazegez

Hong Kong, th February, 19335.

Calcutta Canber Colombo Copenhagen Dradlia Edinburgh Florence Geneva

Hallberg Interlaken JaranaJorn Loodan Liverpool

Pelenme

May

100%

99%

Ipo Mining 90 cts. De

„Rotterdams.

Chic. Con

Itogons 361⁄2 cts. The

Shanghai

Dec.

60%

61%

Southampton

•Lacerte

Singapore

May

59%

Logeno

STOCKS

LADO

Taormina

Amer Smelting 52%

53

53

Vienna

Monte Carlo

Venice

Anaconda

Manila

Yokohama

Manibu

Copper

12:04

20

2014

Zurich

Moatex

Con Gas of

NY.

30%

30%

30

Elec. Bond &

Venz; Goldfield $2.80 n.

Share

153

15%

15

General Motors 51%

51

All classes of Commercial Banking

Personal investment accounts hand-

Int. Tel. & Tel 10% Loew's Inc Montgomery

Ward

10

50% 30%

*9*4

49% 49%%%

* Docks, etc. HK. and K. Wharves

$661⁄2 D. HK and K Wharves (new)

(old)

3273

30%

$6$ 1

led.

|

XY. Central Standard Of

of NJ U.S... Steel

23%

48

46

462

Tentan

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital

$10,000,000.00

Branches of American Express 5,600.00 Company in Principal cities of United 2,480,000.00 States of America and Canada.

Beserve and Undivide! Profit

HEAD OFFICE: HONG KONG.

10. Das To Hood's Crattal.

BOARD OF DIRECTORS

Sir Shou-on Cam, Chuerman

Il Koon Chun, Eaq P. & Kuak. Eng. Tous Jun Tong, Eg- Chen Ching Shek, Exque Li Lan Fang. En oog Chu Sou, Esq. and Kan Ting

Ámoy

Batavia

Calcutta

Fab Tung Po, Esq. Chirt Manager

L The Foot. Eng. Morger.

BRANCHES AND AGENCIES:-

Canton Huphous Hankow Hosciata

Manis

Melbourne Nagasaki

New York

Onlin

Parim

S

Samarena

Shangh

Singapore Sourabaya Serstow

Priping

Tenag

Taiboks

Kobe Kowloom Landes

FaDou

Tratain

Saigon

Toyo

Ean Francisco

Vancouver

Yokohama

Every description of Banking and Exchange business tracaracted. Jos granted on approved securities.

Year of

Current Accounts opened in Local Currency and Fixed Deposita received for one shorter periode in Local and. Foreign Curranties an terms which will be quoted 'ou application.

Sala Deposit Boxes To Lete

KAN TONG TO.

Chief Manage

Transactions undertaken.

The Company offers to intending Travellers the use of its "Travellers Cheques" and Letters of Credit and,

60%

m addition, the world-wide services

Department.

of its thoroughly equipped Travel BERLIN SHARE

E. W. DUGGAN,

Manager.

THE WING ON BANK

LIMITED.

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

LONDON BANKERS:

Westminster Band, Ltd. Foreign Exchange and every des- cripton of banking business transact ed

MARKET

Turnover Smaller Than Ever

→CHINA MAIL" SPECIAL

Berlin, To-day. The turnover in the share market yesterday was sumaller than ever, offers exceeding de mands, and many price falls be ing recorded.

The effect of the uncertainty of the international political situa tion again influenced business Current Accounts and Savings Ac-more than the favourable in

THE CHINA & SOUTH SEA BANK, Counts opened. Fixed Deposits re-dustrial reports at home.

LIMITED

(Incorporated in China) Head Office-Shanghai:

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

Capital

Reserve

Branches--All Important Cities in

ceived, at rates which will be quoted

The fixed interest security on application. Special rates given

market was also quiet, but prices for Special deposits, photos &

Trusteeship and Exxecutorship no-were mostly steady.

Call money dertaken. Safe Deposit Boxes for was at 1 per cent while the hire.

Young Loan remained unchanged.

Trans-Ocean Service..

PHILIP GOCKCHEN Chief Manager

Chine Foreign Exchange and Generaj. Banking Baxioma L. GOCKCHIN Asst. Manager

kansacted.

Current and Saving Accounts" opened - and Fixed! Deposite merivul for one year or shorter periods st rates which will be quoted on application.

SOU Z. CHẢ

HÒNG IDG BRANCH:

Manager.

M. Des Taux Boed, Central.

Porrin Exchange. Dept.

Managu

General Offer

Cashier'

„Tal, 2005

*

STIDE

LI SHU FONG

Asst: Marge RAW RUBBER PRICES

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up. $5,000,000, Reserves

$7,300,000.

THE YOKOHAMA SPECIE BANK Capital Savings Dept $500,000.

LIMITED

Established 1880'

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

Head Office: YOKOHAMA

Branches and ́Agencies xt

Alexandria.

Bataviz

Berlin

Bombay

Calcutta

Cantun.

Dairen ¿(Dahy).

Nagasaki Nagoya

New York

Osaka

Paris

Peiping

Rangoon

Fenghien (Minkien) Rio de Janeiro,

"Hambergs

"Bankow

Harbin

Hong Kong

Honolulu Hsinking

San Francisco

Sha

Reserve Savings Dept: $800,000.- Head-Office-Shanghai A-Bank having" as its mission: the industrial development on China and the fostering of her commercial relations abroad. Song Kong Ofice

*. Ice House St. Phone 31481-23

FOR SALE

A selection of the best

Reliable and Tested FLOWER AND VEGETABLE SEEDS

Mesur

Messin. Art

Co, Ltd.

Latest Quotations From Singapore

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

Spot 21% Up 1⁄2 b, 21% B November/December 22 % Up

75 22/3. Januáry/March (1936)

Up/2 b, 23 3/4

22.32

Kailan Mining Ad. 11/- m. Langkats (Single) Sh.$13 n. Shai Exploration Sh.$44 m.

· Shai Loans Sh. $51⁄4 1. Rambe $6.65 m.

HK, and W. Docks $9 z. Providents (old) 50 ets. b. Providents (new) 20 'cts, 21. Fong Kew Sh. $2371⁄2 1. – New Engineering Sh.34 m. Shanghai Docks, $80. n.

Cotton Mills Ewo Cotton Sh.$5 Shanghai Cotton

b. (old)

Sh

$65 1 Shanghai Cotton. (new) $40 Zoong Sings Sh. 331⁄2 n. Wing On Textiles Sh. $25 1. Lands Hotels, etc.

H.K. and S. Hotel $3 h.. FK Lands $25 b.

so-called

commencing at 10 am

at Rosina Hat Shop, -Alexandra Building,

A Quantity of Valuable Shop

Terms: Cash on Delivery

LAMMERT BROS,

Auctioneers.

in futures owing to the very much leaders is not known, but in re Fittings and Famiture. better political news from Europe cent weeks criticisms here have in the course of the last few days been directed more against Mr. Our opinion holds, however, that Wang Ching-wei, President of the more distant outlook is favour the Executive Yuan and concar-

Hong Kong, October 24, 1935. able and we would purchase on rently Minister of Foreign Af any decided declines. Total sales fairs. As head of

responsible Cabinet Mr. Winged instructions to sell by Undersigned, have receiv“ 13,767,000 bushels.

Ching-wei is held' account Cotton: There is considerable

for the resumption ↑ of railw fear that killing frosts will-Jam--

postal and telegraphic coment jage the crop in Kansas, Oklahoma

cations between Nanking and and Texas. The Trade and Europe

Manchukuo. were good buyers while edge- selling was comparatively light.

Rubber There has been ** moderate increase in outside buy Ling

Public Auction

00

Tuesday, the 29th October, 1935, commencing at 230 pm

at their Sales Room, Daddell Street

A Quantity of....

VALUABLE HOUSEHOLD

FURNITURE

Because of the many attacks against him as Foreign Minister, Mr. Wang has offered the post to General Chiang Tso-pin, Chinese at low prices. Consumers Ambassador to Tokyo, who will stocks are used up and the market shortly return to China. The Am-comprising:- continues, to look bullish. Total bassador is a graduate of the Chesterfield Suites, Dining Room sales:-442 lots. Apa No.

Tokyo Military Academy and has and Bed Room Furniture, Carpets, Flash: Average daily petroleum the confidence of the Japanese Rugs, Glass and Porcelain Ware, production for the week ending leaders.

Cloisonne and Brass Ware, E. P. October 19 was estimated at A movement is on foot here Ware, Omaments, Clocks, Pic- 2,783,000 barrels, against to impeach Mr. Wang in order to tures, Linen Gramaphones and 2,782,000 barrels the previous force. his retirement from the Records. Sewing Machines, Ice Chinese political stage, appar Chests, Cooking Stoves, Teak The Edison Electric Institute ently in favour of Mr. Hu Han- Desks, Teak and Filing Cabinets,

week

33

estimates weeldy electricity pro- min.

duction at 1,863,000,000 kwh

cent

.

which is an increase of 117 per ITALIAN TROOP

-over the corresponding period of last year.

Latest Quotations

The following quotations "were received by Eeuter:---

N.T./London

cross-wate

Frev. To-day's elosa close

4.91% 4.92

99%

NY Cotton Oct. 10.88, 11.05 NY. Embber: Dec. 12.92 13.15 Chicago Wheat Dec. 101

61% Chicago Corn, Dec. 60% Montreal Silver Dec. 68.23 66.30

65 65% n. Silver Offcial

HK. Lands 4% Debentures: $100

1.

Shanghai Lands Sh.$13.90 n...

Dow Jones Averages. 30 Industrials 138.77 139.58 31 up

34.50 34.72: (22 up. 20 Rails 20 Utilities

27.06 26.82 24 off 40 Bonds

95.90 96.06 16 p Commodity Index

56.57, 5629 22 up Business Done: 2,760,000 shares.

Metropolitan Lands Sh. $10 COMMODITY PRICES Humphreys $7.60 b

ELK Realties $4 B Chinese Estates $86.n. China Realties Sh$4 n. China Debentures Sh.$35

Public Utilities EK. Tramways $10,60, h. Peak Trams (old) $5. n. Peak Tramis (new) $41⁄2′′m Star Ferries $76_1. Yaumati Ferries: 317 n. C. Light $8.10 $8

ELK Electrics $50

Macao Hot T Sandakan Light $18.

Typewriters, Adding Machines, Blankets, Curtains, Bath Towels, Mosquito Nets, etc., etc.

also

WITHDRAWAL FROM A Selection of

"BORDERS OF LIBYA

(Continued from. Page 1)

ITALIAN NOTE TO BRITAIN

Furniture.

Wood

One Electric Ice Chest “Elec- trolux Ltd

On View from Monday the 29th October, 1935.

London, Later: The Foreign Terms: Cash on Delivery

Office announces that the Italian Government have informed Bri

tain that they have given orders for the withdrawal of one of three divisions from Lybia.

8,000 SAID WITHDRAWN Romer Later:It is rumoured that the Duce has withdrawn four regiments, comprising 3,000 in- fantry, from the Egyptian from- tier of Libya, though the troops are still within the country.

LAMMERT BROS..

Anctioneers, Hong Kong, October 24, 1935.

EXCHANGES

"TO-DAY'S QUOTATION

On London.

On T.T. and demand 1/11% N "Credits 4 months' sight 2/-31⁄2 N months' sight .... 1/114 N.

GROUNDS FOR OPTIMISM Bome: The fact that diplomatic On Shanghai conversations are proceeding shows On demand The following quotations have that the doors are not closed and On Singapore been received by Beuter".

therefore there is ground for On demand Prev. Yesterday optimism, but optimism should be On Japan--- Closing Closing tempered by the fact that the On demand

conversations have not come down) On-Ind! to concrete facts as far as the Ethiopian question is concerned, stated an authoritative spokesman to Reuter

telephones (old) $17.85 b., $18 January

$1.

Telephones (new) $61⁄44 x. China Buses Sh$113⁄41⁄4 2. Singapore Traction 13/ Spore Traction Pref. 25/- n. Industziala

Malabon Sugar 381⁄2. D.

Cald, Maeg (Ord.) Sh$1935 # Chiczzo Com | Cald: Maer (Pref), Sh$13 a. December

Canton Ices $1.60_n. Cements $3.15 b.

~225 STATES IN LINE. Geneva: The Little Entente, Rumania, Ingoslavia, and Czecho slovakia, have informed the League that they are applying the arms embargo. Twenty-five States are now applying the embargo against Italy, and five are suspending their financial "relations Reuter

166

On T.T. and demand On New York—

On-demand

12834

4754

Credits 60 days” sight

49 N

On demand

70%

725

On Batavia

On Paris

On demand

Credits 4 months' sight 76234 N. On. Saigon

On demand.

On Manila”.

On demand.

On Bangkok-

EARLIER MESSAGES On demand

New York Cotton:-- October

108

December January March

10.31

11:05 11.00

$10.23

10.96

10.79 11.03

May

July

Spot

10.81 1107 10.85 11.07 11.20 *T1.40

New York Rubber:-- December

March

May July Chicago Wheat: December

12.92 13.00 19:22 13.17 13.39 13.32 13.52 13.482 13.67.

13.15

101

May

100%

July

May

July

60%

Winnipeg Wheat

24lan: Sir Samuel Hoare House of Commons' given the utmost pron all sections of the North press, in some instances reported verbatim.

October

89%

Dairy Farms $15 n. Watsons $310 b

December

Lane Crawford 42% Mackhitosh $7:14 Sinceres $160 m2 Wm Powells 70-ets 2 Wing On

2557

New York Dec

$2.41

chosen show that

2.17 $2.214

217

New

fork Silk:-*,

207

2.09

discussed

2.06

2.04

either insi

205

204 ne

(66.23 66.30

6635m €6.50

66.65

€7.30

April/June (1936) 23 % DPH. Bopes $1.90 b.

1/42-D., 23 % Bu

Market: Firm

U.S. RECOVERY

Roosevelt Expresses

Confidence

Charleston, S. Carolina, to-day Confidence in America's

covery was expre Président Boosevelt,

Stores, etc.

May

Although very comments have, appea the manner in which was-displayed and

ceived, and, above renewed recogn

2.20 right to expansio

surance that Dr

95%

Sovereigns bank buying rate 2/- Bar silver per oz.

29.5/1

Bar alver in Hong Kong

per cash

Copper cents

Rate of native interest ... 3% Du Hong Kong sub, coin

Chinese Sub. Coin

understanding of expansion, he

SUEZ CANA Per

tional toll

31% dis.

need for

ARNING

addi

sted

1,000 for

BERK QUOTATIONS