1935-11-19 — Page 8

THE CHINA MAIL-RUSSIA - NOVEMBER 1, 1935

Commerce and

Finance

BANKS

HONG-KONG-AND SHANGHAI BANKING CORPORATION.

Authorised Capital

$50,000,000

Iarned and Fully Paid-up- 20,000,000

Beserve Funds

Reserve Liability of Pro-“:

prietors

-HEAD-BZTICE: HONG KONG.

BOARD OF DIRECTORS.

E. Dodwell. Eng.

Chairman.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

orated by Royal Charter, 1853. HEAD OFFICE: LONDON

63,000,000

EXCHANGES

TO-DAYS-QUOTATION

London.

Sterling

Silver

C. C. Inight, Esq.

"Depoty ChaumDES.

Hon. Mr. W. H. Ball

Hon. Mr. J. J. Paterson Cron A. H. Compton Exq, T.E. Pearce Esq

MT. Johnson Esq., JA. Plummer Esq. bouE

G. Miskin Esq. A. L. Shields Esq.

*MOT

BANGKOK

KANKOW

EDSGIEW

TOK

*JOHORE

KORE

TOWLOOX

T. Grayburn, “Enq

Hamburg

Haoke

Turbin

Agencies and Branches:

|On Singapore......

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banks wh

NEW YORK STOCK MARKET

Monetary Inflation Not Expected

GENERAL BULLISHNESS

REFLECTED

"Messrs: White Weld and Cam- pany, New York: Correspondents for Massra, S.-E. Levy and Cam- pany, reports

Stocks: We do not expect any

HK. Bank (London) £10234 n. monetary inflation, although, bonus sfter proposals are likely soon Chartered Bank $155

1

£6,500,000

Paid-up Capital

.$10,000,000

Reserve Fund

...£3,000,000

1,000,000)

Reserve Liability -ef Pro

prietors

Joe Ste

Dole

Ipot

TE. and demand

15%

archi

Bersarang

Bateria

Klang

Swemban

4 months' sight

1/5%

HK Bank $1,345/60 sa.

Bombe

Shanghai

Credits 4 months' sight

1/6

Singapore

Столов

Тар

On Shanghai-

Canapove

Kunhing

Soutubere Twiping

On demand

118

Combo

•Manila

Dathi

Kelax

Cop

Kew York

(Bbok)

On demand

2613

28141

Piping

Tungste

(taking)

Tokalem

On Japan-s

Pesang

Sumbangs.

On demand

12514

Mercantile Bank Ce Bank of East Asia $70 b.

Instrances

On T.T. and demand

95

On demand

Credits 60 days' sight

SE

On Batavia-

On demand

5134

On Paris

On demand

585

Credits 4 months' sight. 362321

|On Saigon

“Cudemand-

534

7034

Chiet manger-

·BRANCHES:—

XUALA LUMPUR

LONDON

LYONN

BEALACCA

MANILA

MUAR (Johor)

MUNDEN

NEW YORK

PELPING

PENANG

RANGOON

SAIGON

SAN FRANCISCO

SHANGHA

SINGAPORE

SUNGEN PÄTANI TIENTSUN

SINGTAO YOKOHAMA

Central Locosle opened is Local Currency and Fixed Depoise rewired for our year or shorter periods in Lost Currency and starting

ma toems which will he quoted on applicatistas ALSO up to date SAFE DEPOSTI DOTES. je vecious sinus TOʻLEZ.

Hong Kong, Jat Nomember, 13.

HONG KONG SAVINGS BANK

The Basizame of the alore Bank is "rocdunt.

ed by dhe HONG KONG AND. SHANGHAI BANKING CORPORATION. Bulan may b

d on application. FOR THE HUND ZONG AND SHANGHAT BANKING CORPORATION

V. K. GRATZEN.

Hong Kong b February, Ti

Chief Manager.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Pondrop Capita

Bourne and Codivíded Profi

– JOUR, DEXT;000,00 $ 5,748,400.00

HEAD OFFICE:-HONG KONG.

20. Das Tones Bad, Central.

BOARD OF DIRECTÓRS:—

Bir Shoe-son Chen, CharAND,

480.000.00

Boog Kong

Foreign Flange and Ostwal Decking baitoni | On India—

Current Ascotch opesal” and Flamd Deposita secacred for one your ar borste puenile al cats On New York- winch will be quoted an application. –

A. BEKARLEY.

Manager. Hong Kong, 1st January, 1985.

****

AMERICAN EXPRESS COMPANY, INC.

Head Office: 45,” Broadway, Kew York

On Manila

Canton Ins $255. 3. Union, Ins. $545 1...

“Blle Seward “and” Richard: Cromwell- are in. “Men Of The Hour* which will be showing at the Albanira Theatre to-morrow,

LOCAL DOLLAR DECLINES

Silver Prices Firm

NEW $500 NOTE

Artistic Issue By Chartered Bank

KALEIDOSCOPIC EFFECT -OF-COLOURS

The Chartered Bank of India, Australia and China will shortly put. înto circulation a new issue of 15500 Notes.

The new note is slightly smaller than the $500 note. at present issued by the Bank, and it is sur rounded by a wide white border. The predominant colour of bath back and front is, brown, but-tha frost varied tints are introduced,

producing a kaleidoscopic effect.

Most of the ornamental work on the front the scrolls, panels and shading—are done in ples of thrown, while the background con-- sists of reddish, green and blue rays radiating from the Boyal Coat of Arms in the centre, m

On the left of this in a vignette

Mercantile Bank A and B. Congress meets, but we believe that it will be through the issue of bonds and not currency. Poten- |siì "credit infiation" continues, as for a long time past, with the market reflecting general bullish- ness on the basis of improved earnings and business conditions. rather than on inflationary ideas. Rising prices for the past eight months make caution advisable, but we feel that the markets are The local collar has declined a depicting a Roman Head, while ou opening Osi not likely to have more than a farthing,

demand the right is the white oval containe......... techmical and temporary setback this morning at 1/5 (nominal)-ing the watermark, which is Silver prices were steady at clearly discernible. The picture on just now, as Brokers' loans are small- and foreign investors. Basi-"spot" 29-5/16" and "forward" the back of the note is of a local ness done: 3,200,000 shares.

barbour scent.:

355China Underwriters $1.10

China Fire Ins. $400 n. EK. Fire Ins. $245 n- International Asses. $4 n.

Shipping

Sovereigns bank buying rate 1/6%

Bar silver per cz::

29 5/16

Bar silver in Hong Kong

Copper cents

2% prem.

Copper cash

On demand

Capital

$,000,000.00

On Bangkok---

Surplus

183,633.06

On demand

Reserves

870,731.05

BRANCHES:-

Amalariam

Астрад Beale Berija

GIDOR Gasgow

Engua Havana Keesburg

Botniay

Harry Heidelberg Interlaken

Brisson's

Jerusalem

Cairo

Londen

Calcula

Liverpool

Tami Isommina

Viscos

Vazion

-

Canter Colombo Copenhage Dabún

Edinburgh Firsnos

Gabr

Lagano

Marseilles Monte Carla Hamile Kunich Montreux

Both

Shi Houthampt Singapore

Zurich

Branches of American Express Company in Principal cities' of United States of America and Canada.

All classes of Commercial Banking Transactions and-risken.

Loos Chun, Esq, P. Kwon_Inq TORE Ius Zoog, Eag. Chan Ching Shok, Eng Lio Sade. Ex Trong Chu Son, Eng and Tan Yuled:

Eat Tung Po, Esq. Chie! Stanager, Li The Four, Kopi Kutages.

BRANCHES AND AGENCIES

HeBourne

Semarang Shangha Singapore Scann

Seattle

Nagnamki

New York

Quaics

Imphong

PA

Hashow

Purging

Pering

Kabe Irricon Lundwa

"

Коцроод

Sugon

tas Prariar

Sendary

Tabua

Tiktak

Takyo

- Every description of Banking and Exchange Burden Lacted. Losh granted un approval

CUMST

Current Accounts opened in Local Cutrines sud Fixed Deposita ruzived for nor year or abortar periods in Lost and Foreign Currencime outer which will be quoted on application.

Sale Deponit Basos To Letr

KAN TONG PO,

Chist Manage

THE YOKOHAMA SPECIE

LIMITED

Established 1880

Rate of native interest Chinese sub, coin Hong Kong sub, coin

25 prem ..5 pai 27% 13. par.

TIN STOCKS IN LONDON

LOWEST FIGURE IN 15 YEARS

London, To-day. Tin stocks have sunk to 340|| Personal investment accounts hand-tons, the lowest figure since the inception of the metal exchange records in 1920. The cash price. inbandim.ne The Company offers to Travellers the use of its “raveller however, was hardly affected. Cheques" and Letters of Credit and, since the "spot" business is ne m addition, the world-wide services glible owing to the expectations of its thoroughly equipped Taarel of the delivery this week of part Department

of a consignment of 1500 tons shipped from the Netherlands EW. DUGGAN,

Manager. East Indies in order to relieve the

situation.

THE CHINA & SOUTH SEA BANK, LIMITED

(Incorporated in China) Head Office Shanghai

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

Capital

Reserve....

Branches-All Important Cities BANKorrice Exhange and General Banking Besinees

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

Zen 127,650,900

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bataviz

Berlin

Bombay

Caletta

Canton

Nagaak

Nagoya

New York

Osaka

Paris Feiping

Dairen (Dalny) Rangoon Fengtien (Mukden) Rio de Janeiro

San Francisco Sextile

Hamborg

Bankow

Exrbin

Hong Kong

Honolulu

Hsinking

Karachi

Kobe

London

-Los-Angeles

Mazila

Moj

Semarang Shanghai Singapore Sonrabaya Sydney

Tientsin

Tokyo

Tsingtam

Yingkow

Chins

Current and Sering Accounts opened and Fized Deposits repsred one year or shorter periods ut zalen which willke quoted on application. ...

BOU Z CHANG.

HONG KONG ERANCH:

Manage

3. Des' Torul Boad, Central,

Manneer's "Ofice

Foreign Eachange Dept.

Gene-Offre

Cashier's Odor

22080

THE WING ON BANK, LTD,

Head Office: Hong Kong

26, Des Voeux Road, Central. Authorised Capital $10,000,000

LONDON BANKEES: “ Vestminster Bank, Ltd. Foreign Buchauge and every desi cripton of banking business transact-

Current Accounts and Savings Ac-} counts opened. Fixed Deposits re- ceived at rates which will be quoted on application:

Trusteeship & Erectorship under taken. Safe Deposit Boxes for

PHILIP COCKCHIN Chief Manager.

Interest, allowed for Current & QUALITY PRINTING

CONTE

Deposits received for fixed periods

at rates to be obtained on application.

C. KISHINAMI

Manager.

Hong Kong, 19th September, 1935.

POPEYE

With Quick

Service

-“Love At First Sight."

POSEVE! WHAT IN THE

SAY, WHAT THE

SECK IS

THIS

GR-1 YAM IMPERSONAKIN'

PA WOM

Nevertheless some scepticism prevails as to whether the ship ment will be made freely avail- able through the normal trade channels-Renter.

RAW RUBBER PRICES

Latest Quotations From Singapore

Messra. H. B. Joseph and Co. have

the following: received Straits-currency quotations from Singapore for raw rubber:

Spot 21% Down b. 21% 5. Jan-March 224 Down % b

2214

April-June 2234 Down,

22 a

July-Sept. 23% Down 4 b

23/2, Bar Market:-Uncertain

SHANGHAI COMMERCIAL & -- SAVINGS BANK LIMITED

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

$7,500,000. Capital Savings Dept. $500,000. Eeserve Savings Dept. ~ $800,000.. Head-Office-Shanghai

A Bank having as its mission the industrial development an China and the fostering of ber 'commmercizi relations abroad.

Hong Kong Offcis,

[#7,"Ice:Heuse" St. Phone:31431-2-3.

Douglases $35 a

Strimbosts $4 n. 4 Indo-Chinas (Pret), $30 n. Indo-Chinas (Def.) $11 = Shell (Bearer) 80/- n. Union Waterboats $1114

Mining

Antamoks $1 =-

Balstoes $17 n.

Baguio Gold 22 cts."z.

Benguet Consolidated $134 b. Benguet Exploration 18 ets. u. Big Wedge 8 ct. - Gold Creek 30 cts. n. Gold-River 54 cts. n. Ipo Mining 90 cta. 1. Itogons 361⁄2 ets. 21. Salacots 15 ets. 1. Kailan Mining Ad. 12/- n Langkats (Single) Sh-$13 m. S'hai Exploration Sh.$41⁄2 n- S'hai Loans Sh.$54 0. Raubs $9.35 b., $9 sa. Venz; Goldfeld-$2.30 z.

Blocks, etc.

EK and K Wharves

$39nX

29-1/16

Cotton: The market is divesting The London on New York cross- the recent advances. We would rate was quoted at 5 US$491%%, advise holders to take their profits) as compared with £—US $49172.; on fair upturns.

while the New York on London Rubber: Gossip regarding the cross-rate was quoted at £- next Restriction Committee is US$4.91%, as compared ̈ with causing some quidation. Cou-£-US.34914 sumption prospects remain bullisă.

Total sales: 312 lots.

Silk: From the statistical point COMMODITY PRICES

of view, the market is strong as | the public is showing increasing favour for silk Accumulation of fatures at around $2.00 is recom- mended.

BALDWIN'S BUSY DAY AT DOWNING ST.

(Continued from Page 1).

LEAST POSSIBLE CHANGE It is understood that the changes jin the composition of the Cabinet

The following quotations have will be reduced to the minimum.

| NoTMdefinite" deisiau was, resched" been received by Banter.

Prev. Yesterday regarding the future of Mr. Ram- |say MacDonald at yesterday's con- Closing Closingversation, but it is understood that

Flash: Cram's estimate of the production of cars. and trucks New York Cotton

and December the United States Canada during the week ended January November 16

indicates 93,177 March

July (old) units, against 89,095 units the May

previous week

Steel mill activity during the October past week is estimated at 53.7 per Spot cent of capacity.

HK and K Wharves

$3644

(new)

HK. and W. Docks $9 n. Providents (old) $1.30 Providents (new) 20 cts. ZL. Hong Kew Sh. $25714 ni. New Engineering Sh.$4 n. Shanghai Docks. 380 n.

Cotton Mills Ewo Cotton Sh$33⁄4%, n.

(old) Shanghai Cotton

Latest Quotations The following quotations were received by Beater:

NY/Landan

11.89 117T 11.78 11.71

11.47

13:09a 13.25a 13.402 13 52

11.70

∙11.61

11.66

11.56

11.55

11.33

12.30 -

· 1:22+ 12.20

New York Rabber:-- - December

12.17%

13.00

January March

13.24

Prev. To-days May close close July

.

13.29 18.55b 13.71a.

Chicago Wheat:-

Sh

Chicago Wheat 06

Date

11.77 N.Y. Cotton Dec. 11.89 N.Y. Enbber Dec. 13.173 13.00

96

499% 491–13/16 December

96

May

96%I

July

90 x

96%. 96% 90

¡Chicago Cora:---

December

60

60%

May

5934

594

July

60%

6034

|Winnipeg Wheat:----

December

86%

85

May

89% 89

July

New York Silk:--

December March May

$85 Shanghai Cotton (new) $55 Zoong Sings Sh.$12 n. Wing On Textiles Sh. $25 3, Lands, Hotels, etc. HK and S. Hotel $5 s2. HK. Lands $351⁄21⁄2 1. HK Lands 4% Debentures $100

Shanghai Lands Sh.$20 m Metropolitan Landa Sh. $10 m Humphreys $10.55 n. ELK. Realties $6.10 m. Chinese Butzker 136 n- China Realities $4 2. China Debentures, Sh.$35. D

Public Utilities HK Tramways $141⁄4 ba Peak Trams "(old) $5% 1 Peak Trams (new) $4% n. Star Ferries $90 n. Yamsikti. Fézzies $17 f. C. Light $11.10 . and sần HK Electrics $66 1. Macao Electrics 520 1. Sandakan Light $210 n. Telephones" (old)" $2474 3. Telephones (new) $10% x. China Buses Sh‡11% D.. Singapore Traction 18/n **S'pcre Traction Prež 25/- n

Industriels

Malabon Sugar $8.40 1- Cald, Marg (Ord.) "Sh.$19/1⁄2 The Call: Macy. (Pref), Sh.13 1. Canton Icas $160 m. Cements $612&

HK Ropes $3.60 b., £31⁄2

Stores, etc.

~ Dairy Farms $1890

Watsons $5.

Lane, Crawforde: $10

To-morrow.

ŁGOT TO BE FAN MAKE:ME

An

Dec.... Chicago Corn

Dec.

60% 60% Sliver Official .. 65%% €5%

Dow Jones Averizes

30 Industrials 147.31 147.06 25 off 20 Eails ... 37.59 338 41 of 20 Utilities. 29.35 29.4005 p 40 Bonds 96.63 96.70 07 up 11 Commodity

Inder 57.25 57.11 · 14 of Business Done: $200,000 shares.

GOLD STOCK INCREASE

IN GERMANY

Berlin, to-day. The Reichsbank] statement; dated November 15 and published yesterday, reveals slight increase in the gold stock and foreign currency reserves, by a total of 93.6. |0:4 million - to

million Reichsmarks. The note circulation decreased by 764 millions to a total of 3,9062 mil- Bons Trans-Ocean Service.

Mackintosh $5 n Sincere $160. Wm. Powells 70 cis n Wing On (HK) $40 1.

"Miscellaneous Entertainments $4 m

S. C. Enterprises $1:35 n. "Macao. "Greyhounds” $2 n.

Constructions (old)*234 11. Constructions (new) 70 cz. 2 Vibro Filing1⁄4 ̃1. Ch. Govt 5% 1925 GSBds

HE Govt: 4% Loan 5% prem. 33, ELK GovL 32% Loan Paz, Wallace Harpers $4 nr

Mr. Malcolm MacDonald will · re- main Secretary for the Colonies if a next can be found for him.

It is stated that there is`zie ine tention of having Mr. Anthony" Eden relinquish his position as Minister to the League of Nations so far, but it is believed that Sir Bolton Eyres-Monsell, who pre- viously zigdified, his intention of retiring, is likely now to achept a Peerage and retain his position as FirstLord of the Admiralty dne Ito the imminence of the #naval" |conference... –

It is suggested that if Mr. Ramsay MacDonald should retire- {he will be succeeded by Lord' Halifax, whom it is stated “Mr. Baldwin is amdous to return to- the Cabinet-Rember-

CAIRO RIOTING RESUMED

891/ 90%

(Continued from-Page 1)-

2.07

2.01 It became known in the course 2,021 1.98 2.02

1.98

of the afternoon, however," "that another student had succumbed in hospital to the injuries he re- ceived in last week's riots. Several

NEW YORK STOCK wounded demonstrators assembled

EXCHANGE

Latest Quotations

thereupon before the hospital” and | demanded the body of the dead student, and the police had great difficulty in dispersing the crowd. Mary open-air meetings were-

November 19

held, in which all present took an The following quotations were re losih “to fight till death for Beyp- served by Renter

tain liberation from the British clase ∙10.20 11.00 yoke.*...

KYJLondon N.Y. Cotton *May

Last

4.92%

11.66 11.56 11 56.

Three American newspaper men were cornered near the “House of the Nations" by a hostile crowd. which assumed a threatening at- 13 01. titude until it was informed that the intended to victims were 96

l'Americans and not Britons. The bulidings of all the foreign mio- sions are being guarded - by strang police detachments:

NY. Rubber

Dec.

13.17 13.05 Chicago Wheat

98% Chicago Comm

59% May STOCKS

· 59%

Copper 223. Elec Bond &

Share General Motors 58% Int. Tel. & Tel. 11% Montgomery

174

1735

59 11%

Anaconda

NY Central

US Steel

The Devil And The Deep Blue Sea."

Further disturbances are also reported from Asyut and Alexan- dria, where several hundred 11% policemen marched through “the main" streets shouting, Down with Hoare; we want the Sudan!”

Trans-Ocean Service:

THE ANGRY

MOB

HONG KON DOLLAR DIRECTORY

1936 ISSUE NOW BEING COMPIT SEND IN YOU FOR NEI

NOW