1935-12-20 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised. Capital

Issued and Fully Paid-up

Resence Form.des

Sterlin

Säver

$50,000,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. - Incorporated by Royal Charter, 1855.)

HEAD OFFICE: LONDON

20,000,000

$ 6,500,000

Paid-up Capital

$10,000,000

Reserve Fund

Reserve Liability of Pro

$20,000,000

prietors.....

Alor Star

Reserve Liability of Pro-

prietors

HEAD OFFICE: HONG SONG, .

BOARD OF DIRECTORS,

SH. Dodam!!, Eng.

Chairman.

C. C. Kaugh Esq. Depety Charm

Hon Mr. W. H. Bell

Amrita Bangkok

Bombay Calenza

£3,000,000 £3,000,000

Agencies, and Branches:

Those

Ipak Karachi Mang Kobe

حلمية

Bang Saigon

Seremban Shangbai Biaspore Schwa Sourabaya ping

--THE CHINA MAIL, FRIDAY, DECEMBER 20, 1935.

Commerce and

Finance

TRADE FIGURES ISSUED

Continued Decrease Registered

m

· Cauiska

Cawnpore

Hon. Mr. J. J.Paterson Cebu."

A. E. Compton Esq. T. E Pearce Esq.

3.T. Johnson Esq. J.A. Plamme Esq.

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

AMOY

BAZA UZA

BOMBAY

CALCUTTA

CHETO

HONGKET

AGOLLO

IPOS

JJEORE

KOBE

EUWZOOK

T. M. Grayburo. Eng

Chigt Muangt

BRANCHES-

KUALA LUMPUH

LONDON

TONS

MALACCA

XANALA

MAR Joon

MUNDEN

NEW TORS

PEIPING

PENANG

SANGOON

SAIGON

CASAS FRANGINGO

SHANGHAI

SINGLTURE

SOVRABAYA

SUNGE PAKANK

WENTSEN

TONTO

TNNUTAO

IDIORAMA

Cement Accuse opened to Twon) Currency and Fixed Deponite received for a gene or torter periods in Lock Swarry and Seling De which will be quoted ja application. ALSO up to daie SAFE DEPOSTÍ BUKEN in various sizes TU LEE.

Eng Kong, Jet Novehive 2G,

HONG KONG SAVINGS BANK

The Baubens of Le above Bunica condwer. ed by the HONG KONG AND SHANGHAI BANKING CORPORATION. Mas any be

csained on application.

FOR THE HONG KONG AND SHANGRAZ BANKING CORPURATION.

V. M. GRAYBURN,

Chand Mangat.

Hong Hong, "His February, 955

Colanga Delbe

Hamburg

Koky Harbin

Hoog Zong

Luurput Kuching Haitas Manila Kedua

New Lock

PRiding

(Paling) Pranag

(Bhokues

Tokohama

Zamboanga

moves.for ac yme or shoeur perioda at "raim; which will be quoted us application.

BOTH IMPORTS AND EXPORTS DECLINE

According to the official trade statistics issued by the Statis- tical Office of the Imports and Exports Department the co-

Formiga Embangs and Gwowai Banking busiz bined values of imports and ex- Current Acocence opened mad Fired Deports of merchandise during the

first eleven months of 1935) amounted to $576.4 millions Manager (£57.5 millions), as compared with $674.4 millions ($50.8 millions) in the corresponding period of 1934. representing a AMERICAN EXPRESS COMPANY, decrease of 14.5 per cent in

A. BEFARLEY,

Hong Kong 1st January, 1935.

TWEES

INC.

Head Office:-65, Broadway, New York

Capital Swplus

Beserves

ASTRA GREŠAK

Antwer

Alban

Jaume

Sice Sapien Prius Pana

.U.S.$5,000,000.00 2,183,633.06 STO,T31.05

BRANCHES:—

Geson

Glasgow

The Hagua Hatana

Save

Birtin Buen

HATIN

Brwoven

Bl

edeberg Lazeriabra Jerusalem Looden Levergroal Чименов Lag

LALDOR

Marseille

Edinburgh

Nouto Cario

Hmuila

Gener

Munich

Venic

Jurich

***Nontrent *****

Calcutie Cata Cosmico Copenhagen

صفاته عاليه

Ретр Feiertod Becuerdas

Sanghami Southampton Singapore

Taormina

terms of Hong Kong currency and an increase of 13.2 per cent. in terms of sterling values.

*

Imports of merchandise during the first eleven months of 1935 to- talled $330.7 millions (£33.1 mil- lions). as compared with $377.7 in the millions (£29.4 millions) corresponding period of 1984; al decrease of 12.4 per cent. in Hong Kong dollar values and an in- crease of 16.5 per cent. in sterling

values.

Exports of merchandise during *he first eleven months of 1935 to-j talled $245.5 millions (£24.4 mil- Es) as compared with $296.7 millions (£23 millions) in' the corresponding period of 1934: al decrease of 17.2 per cent in Hong Branches of American Express Kong dollar values and an increase $5.598.000.00 Company in Principal cities of United of 9.4 per cent. in sterling vaines.

THE BANK OF EAST ASIA, LTD.

Authorised Cepit

Padrip Capital, me

-$20,000,000„DO

mes and Undivided. Proti poš 40,000.00

HEAD OFFICE: HONG KONG.

30, Dos Tus Kowd Contr

BOARD OF DIRECTORS

·Sit Show-on Chow, Chartman,

Ian 200g. Eng., Chan Ching Shek, EL

Bang. Esq., Wang Chu Son Emy, and San Ying P. Eng.

XAR Tunc Po, Esq. Chel Manager. Zi The Fong. Eng.

BRANCHES AND AGENCIES

Manila

Mibou

Janaria.

Bombay

Dingmanki

Caloma

New York

Semarang Shanghai Singapons

CARR

Haiphong Bathcow Kopalnia Kaba

Paris

Sourceye Sarkow

Papag

Pepag

Talboku

Benton

Thantain

Saigo

Sam Franciaco

Tokohama

London

Sydney

Evacy description Bealing and Exchange bundeve trasmotal. Loans, granted on approved Securiti

Current Abcowam opened in Local Currency and Fixed Deposita teorived for

shorter periods in Local and Farsign Currencies

tra which will be quoted on application. Safe Deposit Boxes To Let

ANTONG PO.

Chief Maraque.

States of America and Canada.

All classes of Commercial Bankrig Transactions undertaken.

Jed

November Figures.

During the month of November Personal investment accounts hand. 1935, imports of merchandise amounted to a total of $23.4 mil-

а

The Company offers to intending lions (21 millions), as compared i Travellers the use of its “Izzrollers with $38.8 millions (43.2 millions); Cheques" and Letters of Credit and, in November 1934: a dollar de i addition, the world-wide services crease of 26.8 per cent and of its thoroughly equipped Travel sterling decrease of 34.4 per cent.: Department.

while exports totalled $23.5 mil-) B. W. DUGGAN,

lions (EL7 millions), as compared Manager. with $29.5 millions (£2.4 millions): a dollar decrease of 20.3 per cent.

THE CHINA & SOUTH SEA BANK, and a sterling decrease of 29.2

י

AMITED

(Incorporated in China)

Head Office-Shanghai

Capital Reserve

$7,500,000.00

$1,500,000.00

per cent.

(Continued on Page 9).

Branches--All Important Cities in RAW RUBBER PRICES

Chins Foreign Exchange sod. General Banking Basiowe bracncted.

Convent sad Saving Accents opened and

THE YOKOHAMA SPECIE BANK which will be quoted on application

LIMITED

Established 1880.

Capital (full paid-up) Yes. 100,000,000 Ten: 127,450,000

Reserve Fund

Head Office:. YOKOHAMA

Branches and Agencies at

Nagasaki Nagoya New York

Alexandria

Batavia

Berlin

Bombay

Calcutta

Cazzon

Dairen. (Dalny)

Fengtien (Mukden) Rio de Janeiro

Paris

Peiping

Rangoon

Hamburg

San Francisco

Hankow

Seattle

Harbin

Semarang

Hong Kong

Shanghai

Honolulu

Singapore Sourabaya

Sydney

Tiemsiz

Tokyo

Tinghau

Bainking

Karachi

Kobe-

London

Los Angeles

Maula

Moj

Yingkow

Interest allowed for Current Ac- counts.

:

Deposits received for fixed periods

at rates to be obtained on application

C. KISHINAMI,

Manager. Hong Kong, 12th September, 15th.

POPEYE

Deposite received for one year or aborter perioda

60C Z CHANG,

SOKO LONG BRANCH: 3. Das Torre Zond. - Central.

Kinagne's

Porei, change Dept, General Offe

Cashier's 05

Manager.

THE WING ON BANK, LTD.

Head Office: Hong Kong "225,” Des Voeux Road Central; Authorised. Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every des- cripton of backing business transact-

ed.

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co., have received, the following Straits Currency quotations from Singapore for Raw Rubber.

Spot-21% h. Unchanged 22 £ Jan/March-231 b. Unchanged 225% S

April/June — 23.6. Unchanged 123/% 5

July/Sept. -23% b. Unchanged; 23% 5-

Market: Steadier.

Curent. Accounts and Savings As-Pant counts opened. Fixed Deposits re- ceived at rates which will be quoted on application

Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire. PHILIP GOCK CHIN Chief Manager.

QUALITY

PRINTING

Pric

Reasonable

THE NEWSPAPER: ENTERPRISE. LTD.

"Out Of The Frying Pan."

| WOKER WHAT ME SHEEPS

(WLEDIO KOHEN THEY FINDS

| OUT THEY'S THOOSINGS OF

| MERMAIDS IN THE OCEAN-

JUS WAIT TILL MR,

HAT

FINDS

OUT

TOAR CATCH BIG FISH BOW YOU WANT,

HIM COOK?

THE

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-Shanghai

A Bank having, as its mission the industrial development on Chins and the fostering of "ber "commercial ̈relations abroad.

Hong Kong Offers (1)

JA SAY:FISH

7. Ice House St. Phone 31481-2-3-

LOCAL SHARES

TO-DAY'S QUOTATIONS

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

Banka

SILVER TENSION EASED

AMERICA MAKES PURCHASES IN BOMBAY

London, To-day.

The silver tension in London appeared to have been relaxed somewhat yesterday, mainly owing to the fact that America pur- chased some 4,000,000 ounces in the Bombay market. of which some 25 per cent. had been previously offered in London, where the strain was consequently relieved. Ufferings in London yes. terday were estimated to be in the region of 16.500 ounces, of which America absorbed 6 per cent.

better sentiment pre- vailing among speculators was

The

HK Bank $1.415 b $1.450 & reflected in reports that tenta-

EK. Bank (London) £95 m Chartered Bank £127% Mercantile Bank

A and

50916 Mercantile Bank C. Sn Bank of East Asia: $701⁄4 ne

Insurances

tive offers to buy silver for January delivery at 20d were B forthcoming, while the execu

tion of the most pressing sell- ing orders emanating from particularly embarrassed quar- iters resulted in a definite ten- dency on the part of sellers to place lumits on their orders.

Canton Ins. $70 m Union Ins. $565 b. $56274/70 C.S. TREASURY STILL BUYING

St

China Underwriters $1.10 n China Fire Ins. $480 n. HE. Fire Ins. $260 a. International Assce. $4-2-

Shipping

Douglases $36 mi HK Steamboats $4 n. Indo-Chinas (Pref), $30 m. Indo-Chinas (Def.) $11 a Shells (Bearer) 79/41⁄4 n. Union Waterboats $12 1.

Mining Antamoks $1.35 n Balators $171⁄2 n. Baguio Gold 22 cts. n. Benguet Consolidated $15%%% 1 Benguet Exploration 11 cts. x. Big Wedge 12 cis. n. Gold Creek 30 cts. -Gold River-7-ets.-1.-

Ipo Mining 90 cts. z. Itogons 361⁄2 eta i Salacots 15 cts, n Kallan Mining Ad. 10/6 n. Langkats (Single) Sh.$12 n. S'hai Exploration Sh$4% The Shanghai Loans $534 n. Raubs $9.70 m. Vezz; Goldfield $3 b

Docks, etc.

H.K. and K. Wharves (old)

$9234 b.

HK and K Wharves (new)

$9047

HK and W, Docks $9 n. Providents (old) $1.45 n.. Providents (new) 15 cts. Hong Kew Sh. $23771⁄2 n. New Engineering Sh.$4 n. Shanghai Docks. $80 2.

Cotton Mills Ewo Cotton Sh$91⁄2 n.

Shanghai Cotton (old) Sh.575

M

NEW YORK STOCK MARKET

Stimulating News Lacking

NEW ADVERTISEMENTS

PUBLIC AUCTIONS

THE Undersigned have received -instructions to sell by Pukke

D

Monday, the 23rd, Dec., 1935 commencing at 11. 3.

at their Sales Room, 4 Duddell St. for account and risk of Mr. J. S. Chan (purchased on the 23rd. July 1935 and partly paid for)

Case 560 lbs. Black Rope Hair.

1

100% Gross Furniture Springs 140 Gross Barrel Mattress:

Springs

2

Pieces Damask

40

Pieces Brass Cased Tubes

10.

Dozen Pairs Rod Brackets

56

Gross Curtain Rings

MODERATE PURCHASES

5

Pieces Art. Silk Bepp

1

FAVOURED

".

Hair

1

Piece Tapestry

2

The

Bale 560 lbs. Black Rope

Cases Cabinet Handles. Terms: Cash on Delivery

LAMMERT BROS..

Auctioneers.

* 1:15: Undersigned have rECEIVES instructions to sell by Public

Washington: Mr. Henry Mor

Messrs. White. Weld and Com- genthau, Secretary of the Tres-pany. New York Correspondents! sury, yesterday reiterated that the for Messrs. S. E. Levy and Com-} United States Treasury was still pany, report:— ibuying silver. but refused to say Stocks: The market continues to

where. He said he had bought be under the influence of year-endi silver every day this week. There adjustments, with any immediate- are many places — you would bejly stimulating news lacking. surprised."

precedent over many years, how-Auction He declined, to say whether thejever, points to a rising prite trendj purchases were from private in- before the end of the year and we Monday, the 23rd. December, 1935. dividuals or Governments and would favour moderate purchases

commencing at 1109 am, also $3** no particular sign on any weak spots rather than alat their Sales Room, Duddell St. ficance in New York's fixing the liquidating policy at this

stage.! price in the absence of a Lordon Business done:-1,260,000. bid. He declared that there wasi (Continued on Page 193 nothing else for New York to do, linasmuch as there was no marketį

in London

He revealed that the United States Government took all Mexi- co's output of newly-mined silver in the past year, a total of about 72,000,000 ounces, at New York prices.

LONDON DECISION London: As a result of the recent difficulties the London brokers have decided that the silver market shall be closed on Saturdays until further notice.

(Continued on Page 10.)

LOCAL DOLLAR DECLINES

"Spot" Silver Down

RAILWAY LOAN IN GERMANY

Issue Shortly To Be Placed

TO HELP UNEMPLOYMENT

-CHINA MAILTM SPECIAL

Berlin, Today,

A 500,000,000 mark 4 per cent

loan will be issued month by the German Railways in the form of an issue of Treasury bills at the issue price of 98.5 with! interest beginning on January 1, 1936, and repayable at par on!

January 2, 1944. The issue is The local dollar has declined Sponsored by the Reichsbank and 3/16 opening on demand this subscription lists are being open- ed on January 6 and closed on the | 16th.

morning at 1/33⁄4d

:: "Spot" silver declined 13/16 to 22 3/16, and there was no quotatered gilt-edged securities for in- These Treasury bills are regis-

tion for "forward.”-

The London on New York cross-vestment in trustee funds and are acceptable as collateral at the rate was quoted at £-US$4927%,

Reichsbank. as compared with £—US$4923⁄41⁄2. while the New York on

Shanghai Cotton (new) Sh$414 cross-rate

2

Zoong Sings Sh.$12 n. Wing On Textiles. Sh. $25 m. Lands Hotels etc. HK and S. Hotel $5 b. HK Lands $34345, $343% sa EK. Lands 4% Debentures $100

The

Shanghai Lands Sh$20 n. Metropolitan Lands Sh. $10 Humphreys $19%-9- EK. Fealties $5.05 b. Chinese Estates $86 n. Chins Realties $4_n.

China Debentures Sh.$85. n.

$14.

b.,

Public Utilities H.K. Tramways $14.75/ 32 Peak Trams (old) $5 n

·Peak Trams (new) $4 n Star Ferries $89 $

Yaumati Ferries $17 n C. Light $10% b., $10.70 s2. HK. Electrics $69 b., $67/69.88- Macao Electrics $20 n. Sandakan Light $2.10 m. Telephones (old) $25 s. Telephones (new) $91⁄2 a China Buses Sh.$11 n Singapore Traction 17/- 1. Singapore Traction Pref. 25/-

STOP! STOP: THASA MERMAIDS) HOLEVERTHING.

London

Was quoted at US$493, as compared with £– US$4.92%-

Industriala

Malabon Sugar $8.40 n Cald, Macg. (Ord.) Sh$191⁄2 Cald: Macg. (Pref), Sh15 Canton Icés $1.60 m Cements $6

H.K. Ropes $4.65 m.

Stores, etc. Dairy Farm $19 sa. Watsons $44 n. Lane, Crawford $6.

Mackintosh $5 2.

Sincere $1.35

-

6300 lbs. Bacon.

1091. Daz. Printed Handkerchief

Cloth.

55% Gross Elastic Bibbon 40 Gross Prs. Elastic Arm

Bands

560 Lbs. Black' Rope Hair 97 Grass Furniture Syringes. 140 Gross Barrel Mattress

Springs..

43 Pieces Brass Cased Tubes 56 Gross Curtain Rings

10 Dez. Prs. Rod brackets:

2 Cases Cabinet Handles.

5 Pieces Art. Silk Bepp.

1 Piece Tapestry.

7 Cases Mustard.

1 Case Lime Juice Cordial 100 Boxes Talcum & Face

Powder.

12 Dox. Razors.

also

A Quantity of "Ilford"

graphic Goods and

Sundry Goods. Terms: Cash on Delivery

LAMMERT BROS.

Auctioneers, Hong Kong, 20th, Dec., 1935.

13

It will be remembered that the General Motors 5432 54% 54% public issue a year ago for a like In Tel & Tel 13% 13

Montgomery. amount was readily placed owing

Ward

382 38% to the great liquidity of the money .Y. Central 27% 26 market. Though it is not officially US Steel stated, the purpose of the present The following quotations from Low-

received last night be issue is doubtless to carry to com- don were

tween 5.30 pm and 10:30 pm. pletion certain investment projects| providing a large anomt o. en- a.ployment-Trans Ocean, Service.

Wm. Powells 70 ct. 1. -Wing On (HK) $40 z

Miscellaneou Entertainments $3.40 u S. C Enterprises $185 m. Macao "Greyhounds", $2 n. Constructions (old) $2 n- Constructions (new) 30 cts. b.

30.cts. 82.

Vibro. Piling $4 n.

Ch. Govt 5% 1925 G#Bda.

91%-2

H.K. Govt 4% Loan 52% n HK Govt. 32% Loan Par: 1. Wallace Harpers $4.11

To-morrow.

WHATTA MATTER YOU, CRAZY BOY?: GOOD FISH

ON ONE END

SEZ STOP

NEW YORK STOCK EXCHANGE

Latest Quotations

December 20. The following quotations were erived by Rebber:

N.T./London . XY Cotton

May N.Y. Rubber

close 10.20

·13.00

Silver Spot 22 Sellers (last "close), 22. 3/16 (last reed), 13/16 down. (change).

Silver Forward unquoted.

Silver ReportAmerica took 6 per cent, offerings.

· Liverpool: Cotton - January (last close), 6.19-(last recd.), - changed

Liverpool Wheat---December 6/632 (last close), 6/7 (last recd.)), up- (change).

London Rubber-April-June (buy- ers)·61⁄2 (last close), 6 (last recil), unchanged, wh

London Elibber af noon (buyers)- 6% (last reed}"

A forecast from London on the probabla", trend of the New York | markets, sfalessan

Banders are expected to be Sesifäng at the opening of Wall Street to-dzy, owing to the uncertainties prevailing

10.98 11.00 March 13.443 13.415 1341b in Europe. Chicago Wheat

$486

592

Chicago Com

May STOCKS:

982

594

Anaconda Copper

Elec. Bond &

Share

27% 26%

16

2634

14 24

"The Lesser Evil”

Elabber prices may probably, be. a. little lower but Wheat prices are- jexpected to be higher.

The Cottatt mariest is anticipated to rule steady. --The firmness of the Wheat marized with the statistieni: strength dis, “off-setting the . Silver mazicetisdwesicness dze to

Horror h

DOLLAR DIRECTORY

1936

NOW RELIG.

SEND IN ZOUR

∙FOR NEXEN