1936-04-03 — Page 8

BANKS

BANKING CORPORATION

THE CHARTERED BANK OF¬ INDIA, AUSTRALIA & CHINA

250,000,000 | Incorporated by Royal Charter, 1858-

Ensted and. Fully-Paid-up LALOBO) Barve Funda:-

Starling £5,500,000

HONG KONG AND SHANGHAI

Authorised Capital ́.

pristors

ĐƯỢC

HELD OFFICE, HONG KONG.

· THE CHIKA MAIL, FRIDAY, APRIL 3, 1936

Commerce and

Finance

SHARE MARKET:

REICHSBANK

RETURN✨

Increase In Note

Circulation

SPECIAL DEMANDS MADE.

NEW YORK STOCK MARKET

Bullish Trend Established

GOOD QUARTERLY REPORTS RECEIVED

Messrs. White, Weld and Com- pany, New York Correspondents

The Reichsbank return dated for Messrs. S.-E. Levy and Com March S1 and issued yesterday pany, report:--

HEAD OFFICE: LONDON

Hong Kong Currency

Paid-up Capital Reserve Fund

„£3,000,000

£3,000,000)

Reservo

-$10,000,000

Reserve Liability of Pro-

IRISH LINEN TRADE

Reserve Lixbility of Pro-

prietors

£5,000,000

0,000,000)

Agrocier and Branches:

Ameritone

Hello Ipak

Bagoon

Minigon

Semrat bewel

Editorial Committee's Report

The following was the list local share quotations issued day:

of

** CHINA MAIL " SPECIAL

to

Berlin, To-day.

Banka

bombay Camion Cargoes Cons Calenko"

Mone

T'esti

Madan

*

New York

Hatskom

(Peking)

fening

BOARD OF DIRECTORE,

Hon. Mr. J. J. Paterson.

G. Miskin Eag

Duguay Chakram

San. Mr. W.X. Bai, C.C. Knight Esq. AH. Compton Esq. T. E. Petros Esq. B. Dodwell Eg, J.A. Plummer Esq. KT. Johnson Esq. A.-L. Shields Esq. V. M. Grayburn, Esq.

ANOT- BANGKOK

CALONUJA

GASTON CLIPCO COLOMBO

POOCHOW

BAKBORG

KAKZOW

HARBIY

HONGKET

HLAKO

XPOR

JOROB

LOSS

KOWLOON

Chial Manager.

BRANCHES

KUALA LUMPUR

LONDON

LYONS

MALACCA

MANILA

MUAB (Juhnen)

MUKDEN

NEW TORK

PELPING PENANG RANGOON

-PRIGON

SAN FRANCISCO SHANGHAT

SINGAPORE SOUBABALA

SUNGEL PATANI TIENTSIN

TOKYO

TSINGTAO

YOKOHAMA

Current Amount opened in Loyal Curteazy und Band Depot Homes for one your or short pazanda in Leon Currency and Sterning an berzse

Tossed of any is

240 19 w dale SAFE

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Burson of the shore Bank is noodwes- by the HONG KONG AND SHANGHAT BANKING CORPORATION. Buns 1947 ebraided es appliancion..

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. GRAYECEN,

Com! Yanager.

Hong Kong, 24th February, 1936.

Kasków

Hear Lake /wg

Luna Lumpur tingimu

(Bhaber) Tanches Takowan Zamboanga

change and Cromachi Danking busines

Cetrend comam, opened and Fixed Deponíta : sunived the one paar, de shorte susila, at which, whit ban, quinned, um upplcation.

A. BERARLEY,

Manager. Hong Kong, 1st January, 1935.

MARKET CONTINUES WELL S

SUPPLIED

The Irish Linen Trade Editorial Committee reported as follows for the month ended February 26:- Flax

Irish. The markets continue to: be well supplied and all fax offer- ed has been bought at unchanged sale prices. The quantities for will now gradually show a falling off, as some scutchers in the vari- lous districts have finished for the

{AMERICAN EXPRESS COMPANY season

ཐ༔

INC.

Head Office>-65, Broadway, New York

Amatorkım Auberer?

.U.S.$8,000,000.00 2,183,633.06 870,72L05

Contrada

Capital Surplus Reserves

BRANCHES:-

Grimage

The Bague

Bars

Hopbay

Beris

Fame

Bombay

Hellers

Hramen

Brenanda

Pimpin Purp Par Pasar

Pozna

Lasion Leverpool

لسخنة

Beals

Calcutta

Colombe Copenhagen Data Edombatk Flos

Canom

Maeumling Mesa Cola

Hohepton

Vast Loth Jakobare Zunch

Branches of American Express

Courtrai. There is nothing new to report.

Latvian. Supplies are arriving freely at the receiving stations. Few sales are reported recently, although Germany seems to be in treaty for a further 500 tons. Oncel jagain the method of payment, is making the negotiation very dif- Scult. Our spinners consiner the! fax dear in relation to ther quali- ties.

seem

Steadier Market Esthonian. Markets steadier: many growers are hold- ing up supplies in the hope of bet- ter prices later. The home mills seem busier owing to a recent bulk; sale of yarn to Germany, and have Įtaken a substantial allocation of

THE BANK OF EAST ASIA, LTD. Company in Principal cities of United Fax from the Government.

Алфа Серный товари

$30,000,000,0

Amaris sed Cadivided Profia§ 2,086,236,2S

HEAD OFFICE:-BONG KONG.

Des Tous Hood, Cintam.

BOARD OF DIRECTORS;-- Suonon Chum, Chartzea.

Li Loan Chan, Esq. P. E. Kwok, Eng. Wong! Jun Tong, Est-Chan Ching both, Esq., Là Lan

Eng. Wong Chu So, Eng

Ka Ye

Kan Tung Pa. Eng., Chief MaKINSON Le Tan Yang Zaj, Kaaps.

BRANCHES AND AGENClass) summ

Macila Maboure Fing

Bentzie

Belarse

Dumb? Calcula Con Faiglang

Baniow

New York

Face

banama bugapore

Pmping

Meday

Tokyo

Volalama

Peany

Bangon

Dagpl

Sea Fasci

London

Key datiphon at Balong and Exchange bazama tentacled Lowe grilled an approved

curities.

Actie oeaed ja Zooni Currency CUTEME and Pisad Deposits Zosevad for wanywe ge ekarter pesoda in Leoni und Torsign Charanasan on terms whuck will be quoted on application.

Sale Deposit Best To Let

KAN TONO TO,

Chist Manage.

THE YOKOHAMA SPECIE BANK LIMITED

Established 1880

Capital (full paid-up) Yen.100,080,000 | Reserve Fund ......Yen 129,150,000

Alexandria

Head Office: YOKOHAMA

Branches and Agencies at

Nagasaki Nagoya New York Osaka

Batavia Berlin

Bombay

Calcutta

Canton

Dairen (Dairy)

Fengties (Mukden) Samedo.

Bamburg

Haukow

Bruin Harbin

Labe

London

Los Angeles

Manila

Moji

de Jeneiro San Francisco

Seattle Semarang

Sydney Tientsin Tokyo

Interest allowed for Current Ae- counte

Deposits received for fixed periods at rates to be obtained on applies- tion.

G. KISHINAMI,

Hong Kong, 10th March, 1936.

Manager.

HONG KONG HEIGHTS

For the information of visitors. the following. list of some of the highest points on the Island, and Mainland is published:-

ISLAND)....

Victoria Peak

Fest 1,828

Signal Station

1,274

Mt. Parker

1,734

Mountain Lodge

1,225

The Eyrie ..

1,725

Peak Hotel

1,305

1,000

Taikoo Sanatorium

Mt. Davis -

Bowen Road (fiberbeis)

States of America and Cans '

Lithuanian. Large sales have been made during the past fort- All classes of Commercial.. aking night. Owing to severe weather,| Transactions undertaken.

supplies at the moment are small; Personal investment accounts band-The whole position is very fin

Soviel. After the large sales sade by the Soviet 10/14 days The Company offers to intendin Travellers the use of its "Travellers go, excitement has died down. Cheques" and Letters of Credit and Prices. however.

steady.

led.

are

in addition, the world-wide services Russia and Germany still seem to of its thoroughly equipped Travel{be discussing a Trading. Agree- Department.

Įment that will probably include a Įcertain proportion of flax and tow. Yarn's

C. EL BENSON,

General Manager.

THE CHINA & SOUTH SEA BANK, Soviet

LIMITED

(Incorporated in China) Head Offer Shanghai Capital

.$7,500,000.00 Beserve

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

China Farsign Exchange and Genara! Beeldag Bosinatu

Current and Baring Acomanda opanél and Prad} Deposit avondrid for via puse në sharine pardada straint which will be quoted on application.

SOU Z Car HONG KONG BRANCH: 3. Das Vaut Kood, Guavat, Manager's Ofan menanaman Tal, 195 Forwigs

Cashier's Dinar

ad.

THE WING ON BANK, LTD.

Head Office: Hong Kong 26, Des Voeux Road Central. Authorised Capital $10,000,000 LONDON BANKEES:— Westminster Bank, Ltd.

Practically coincident with the Įbulk sales of flax and tow by the and Baltic Monopolies, there developed an active and widespread buying movement on |the part of both manufacturers and merchants, resulting in heavy pur- chases of yarns, principally tow sizes. This was by до means confined to local houses, outside; consumers also covering freely.

While fractional advances were: sscured and values have firmed all |round, the margin between sellingį

limits and production costs mains an unsolved problem. Can- bric numbers are sought for, but buyers' and producers' ideas of price are too far apart to bring about. business. Damask remain quiet..

Weavers

re-

have found a steady

Since our last report the large transaction in Russian fax has Foreign Exchange and every dest has had the effect of stabilising taken place, and, as a consequence, cripton of banking business transact-

the market. Manufacturers have Current Accounts and Serings Ac- obtained a considerable business counts opened. Fixed Deposits re-in cloth, although at unremunera- ceived at rates which will be quoted tive prices, and when placing their on application.

Trusteeship & Executorship under-orders for yarns to cover this taken Safe Deposit Boxes for hire. bussiness

PHILIP GOCK CHIN

yarn market. Chief Manager.

Cloth requirements are DOW being more. freely negotiated, since there is little apprehension of lower raw material values, and manufacturers are assured by Spinners that the current basis for yarna is inadequate to cover the rates at which the Russian des). was concluded.

Merchants

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in, China)

Capital paid up...........$5,000,000. Reserves .......................$7,500,000. Capital Savings Dept. $500,000. Reserva Savings Dept. 1500,000.

Head-Office-Shanghai -

On

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

4, Quoet's Road Central Phone XIIS.

RAW RUBBER PRICES

Latest Quotations From Singapore

-

During the past month more activity has shown itself Įdamasks and housekeeping linens for the United States of America and Colonial markets, owing to # Inumber of buyers from these mar- kets operating here for the past few weeks, their requirements being over the entire range at housekeeping goods, and quanti- ties encouraging. Quite a solid amount of business has been placed for contract orders of vari- Jous kinds There are many in-j Messts. H B. Joseph and Ca dications that buyers cannot hope have received the following for any essement in present prices, quotations in Strafta currency and this will undoubtedly bring from Singapore for Raw Rabber. other buyers into the market dar-.

Spot 26 b... Unchanged. ing the coming month. May/June 26, 11⁄2 Up. 1⁄41⁄2 b. July/September 26 % Up % b. October/December 27 % Up %

Market:Quiet.

MAINLAND

Taimoshan

Fest *2,724

b

Kowloon Fesk

1971

HK. Banks $1,555

H.K. Bank (London) $100 Chartered Bank $144 n. Kercantile Bank A. and

£31 1.

Mercantile Bank C. 14 n. 'Bank of East Asia $73 a.

Insurances

a.

Canton Ins. $275 d. Unions Ins. $565 83. China Enderwriters. $1 n. China Fire Ins. $480 n. HK Fire Ins. $2564 b International Assce. Sh$31⁄4 0. Shipping

Douglases $36. m. EK Steamboats $54. Indo-Chinas (Fre£), $30 a. Indo-Chinas (Def.) $20 Shells (Bearer) 90/7 2. Union Waterboats $15 n.

Mining Antamols $2.08 xi Baiatoes $214 Baguio Gold 29 cts, n Benguet Consolidated $1810 Benguet Exploration 21 cts.

21/20 cts. sa Big Wedge 26 cta. 1. *Demonstration 66 cts. Sh

Gold Creek 15 cts. D. Gold River 7 ctsi sa Itogons $1.05 IXL $1.55 n. Salacot 14 cts. b. Kalan Mining Ad. 11/6 n Langkats (Single) Sh.$10 Masbate T3 cis. 1. Shai Exploration Sh.$44 - Shanghai Loans Sh.$4 n. Ranks $11

San Mauricio $1.20 n United Paracale 67 cts. I Vanz: Goldfield $31⁄2 n.

Docks, etc..

BK and K Wharves $92 TL HK. and W. Docks $9 11 Providents (old) $1.15 b. Provident (new) 20 cts. Z Hong Kew Sh.$190 m. New Engineering Sh$4 n. Shanghai Docks Sh.$90 ni LA Cotton Mills Ewo Cottons Sh$8% b Shanghai Cottons (old)

shows the gold stock unchanged Stocks:

decline

of 0.1

Reichsmarks.

MR. HÚ STILL HOLDS BACK

Representatives At Nanking

INTERVIEWS WITH "GENERAL CHIANG KAI-SHET

From Our Own Carrsepondent) :

Canton, To-day.

Representing Mr. Hu Han

The market to-day min, Mr. Ching Tien-koo at 71.8 million Reichsmarks and established a bullish trend, with former Mayor of Canton, arrived the foreign currency reserves the action of railroad issues

in Nanking on Wednesday after. less at 5.4 millions, making a total particularly encouraging, though noon and had an interview to 72 million the penetration of the previous with General Chiang Kai-shek,

high level is needed to confirm a President of the Executiva- The note circulation has in- further substantial rise. Good Yuan, with respect to Mr. Hir's creased by 4241 to 4,267.5 million quarterly reports and improving return to political power. Reichsmarks. The amount of business conditions are the

Mr. Hu's political views were credit given, as shown by bills, foundation for the long term to have been

conveyed to. cheques, advances and invest-trend, but we believe that sales on General Chiang through Dr. ments, increased by 612 to 4,967.8 a further rise to-morrow would Wang Chung-hui, former judge million Reichsmarks.

be profitable. Business done of the World Court. but he is." The sudden expansion in the 2,190,000 shares.

sick in a hospital at Shanghai. » note circulation is explained by Wheat: Private estimates are the fact that the day on which bearish. There were some good Another representative of Mr.. the Reichsbank return was com export sales on the decline. Tired Hu in Nanking is Mr. Liu Li piled was not only the last day of longs' liquidation is likely to draw yin, who is appointed Minister the month but also the last of the the market somewhat lower, es- of Propaganda of the Central quarter-year. Even allowing for pecially-new-crop wheat. this, however, the expansion of sales: 22,120,000 bushels credit is about 100 million Reichs- marks greater than at the same time last year, this additional in- crease being explained by the number of special demands madej Son the Reichsbank, such as pay-

b.

nents or account of the Reich old;

Total Kuomintang Headquarters. In-

cidentally he is also the direc tor of propaganda of the South- West Executive Committee.

LOCAL DOLLAR STEADY

"Spot" Silver Rises

Dr. Wang, Messrs. Ching and' Hu are paving the way for Mr. Hu to go to Nanking to become President of the Kuomintang ICE.C. Standing Committee.

iquidation loan and the redemp The local dollar is steady, open- However, there is no indication tion of tax-rebate certificates, but ing, oa demand this morning as to when Mr. Hu will proceed: still more important is the fact at 1/32d.

to the capital that the early beginning of spring "Spot" silver advanced 1/16 to has enabled outdoor work, above 29, while "forward” was steady at fall building, to begin earlier than 19-15/16.02

usual, while also the Gold Dis- The London on New York cross- count Bank redeemed a number rate was unchanged at £-US- of promissory notes for which $4.35%, while the New York on accommodation by the Reichsbank London" cross-rate" was quoted at was required-Trans-Ocean Ser-S-US:$4.955%, as compared with vice.

| 5—US.24.96%.

BERLIN SHARE

MARKET

Investors In Buoyant Mood

→CHINA MAIL" SPECIAL

BRITAIN HAS

BEST CHANCE

WEATHER IN MARCH

Low Temperature- Record

VERY SMALL RAINFALL RECORDED

IN DAVIS CUP The NE. monsoon blew with

(Continued from Page 5)

out interruption during March. and temperature remained con- siderably below normal until the

la matter of amazement that he last few days of the month. Berlin, To-day.

has any time at all for tennis, and An unusually cold spell was ex- The character of the German when one realises how much tennis perienced from the 1st to the peace proposals and the decidedly he plays it becomes equally 8th, the minimum temperature Sh$70 cordial welcome given them by astounding that he finds time for being the lowest ever recorded Weather was the British press put the Berlin business. But he combines the two during March. Shanghai Cottons (new) Sh.140 Bourse into a buoyant mood. In-and seems to thrive on the mix-mainly dry and cloudy, with

occasional sunny days.

Zoong: Sings Sh.$22 m. Wing On Textiles Sh. 25 al

vestors many of whom had ture. ready cash-ordered their banks Mr. Andrews gave the China The mean temperature for the- month was 570 degrees F... to buy shares, so that the

turn-Mail an interview yesterday, and Lands, Hotels, etc...

over was higher than for some when asked what he thought of which is no less than 6 degrees H.K. and S. Hotel $4.121⁄2 38»,

time past,

and the advances

in the prospects for the Davis Cup below normal; a maximum of H.K., Lands $39 b, 322/33 82 price were substantial.

competition this year expressed the 79.9 degrees was recorded on HK Lands 4% Debentures Fixed interest securities were opinion that if Fred Perry plays the 29th, and the minimum of very quiet, as most buyers devot-Great Britain stands an excellent 43.2 degrees, reached on the 5th,

is a record for March. The.. led their attention to the share chance of retaining that much- Metropolitan Lands Sh. $10 a market. Call Money stood at 21⁄2 coveted trophy.

mean relative humidity was 81 Humphreys $9 E.

100% b. Shanghai Lands Sh$18 n.

HK Realties $5 z.

Chinia Beales Sh. 4 n. China Debentures Sh.$50- n. Public Utilities

Com-

to 3 per cent, but was not plenti-"If it is correct that he has per cent., against a normal of ful, as two new series of Reich given up competitive tennis 83 per cent Chinese Estates $32. div.Treasury bills, one maturing on have the best chance. Australia hours, which is 30 hours less he said, "the United States will Sunshine amounted to 654 March 15, 1987, and the other is the next, I fancy. It is pro

than the normal Fifteen days: February 15, 1938, were eagerly

were bable that Crawford will play, and during the month taken up.-Trans-Ocean Service.

Ipletely sunless. I have put Australia third.”

A maximum wind velocity of Local Talent REICHSMARK QUOTATIONS

54 mph was reached at 9 am.. Speaking of the tennis talent of

on the 30th. Berlin, To-day. The Reichs- the Colony, Mr. Andrews said It

Rainfall amounted to 0.47* mark was quoted yesterday with was a pity that no arrangements inches, against a normal of 2.93 had ever been made for our lead-] jout

guarantee at:-New York,

linches. The greater part of 40.20; Paris, 609; Amsterdam, in tenis players to visit other this rain fell during the first 59.22, and London, 12.3025. Paris countries, or to invite the best five days of the month.

Up from Japan. Singapore and other to midnight on March 31 the quoted the Pound sterling at 75. neighbouring places to take part rainfall was 4,40 inches, against. 12 to 75.17 and the U.S. dollar at in games here, for he said that

HK. Tramways $10.40 m. Peak Trams (old) $7 n. Peak Trams (new) $3 n. Star Ferries $84 n. Yanati Ferries $19 n. C. Lights (old) $10.35 b. C. Lights (new)- 371⁄2 b HK. Electrics $52 Macao Electrics 120 m. Sandakan Lights $8.30 Telephones (old) $25.15 m. Telephones (new) 39 n. China Buses Sh$114 a Singapore Tractions 21/- ahe Singapore Tractions Pref. 28}-

FL.

-

*Industrials Malabon Sugars $8.40 m. Cald., Macg. (Ord.) Sh.3191⁄2 n. Cald., Mecg. (Pref.) Sh.$15 n. Canton Ices $11⁄4 = Cements $84 h. HK Ropes $41⁄2 z

Store, etc. Dairy Farms $191⁄2 n.° Watsons $445. Lane, Crawfords $63⁄41⁄2 n.

Mackintoshs $5 1. Sinceres 12 Wm Powells 70 cts. z. Wing On (HK) $35 z

MiscellaneouE

15.15% to 15.15%--Trans-Ocean by this way the standard of tennis a normal of 5.39 inches.

Service.

would be improved enormously.

He advocates a Far Eastern competition, on the lines of the COMMODITY PRICES Davis Cup, between Malaya, Siam,

Indo-China, the Netherlands ́East The following quotations, have Indies, the Philippines, China and been received by Reuter.

Bong Kong.

New York Cotton:- May Jnly

Prev. Yesterday “I think that the introduction Closing Closing of an international element into tennis in this part of the world would tend to improve the gants. It will make for increased interest in the game and raise its standard in the Far East"

October December January March

Spot

ILIT 11:29. 10.81 ∙10.94 10.21 10.29 10.19 10.23 10.22 10.32 10.28n

10.33 1156 11.69

New York Babber:- May July

16.00

September December

March

Entertainments $4.70 x. S. C. Enterprises $1.35 m. Macso "Greyhounde“-$2 m. Constructions (old) $13⁄4%2 Constructions (new) 60 cta. në Į Chicago Wheat:-- Vibro Piling $4 a.

May

Ch. Govt. 8%, 1925 G$834-July-

Playing In Carton:

FLAGS FLYING FOR A BABY

Danish Tenants.

Rejoice

Copenhagen. Flags wero- flown over the Danish estates of: Count von Haugwitz-Reventlow when the news that the Coun-- tess had given birth to a baby- boy in London reached Den-.."

When asked whether he would mark.

be playing any tennis here, Mr. Later the Count's tenants: Andrews said that it would depend celebrated the occasion with a A telegram of congra-

on his work, but he mentioned the party.

15.93 16.072 16.08 fact that he would be making the tulation was sent to the Count

16.172 trip to Canton on Monday and and Countess. 16.312 while there would figure in some

16163 16.276 16.35a

16.42

962

exhibition games.

He thinks that the best all-round NEW TRADE TREATY SIGNED tennis player of all time was WI-}--

947% |Ham T. Tilden and the "most Vienna, To-day-The new Aus--- 83%, severe Ellsworth Vines, who, in tro-Czechoslovakian trade treaty- 82% his opinion, is equally as good as was signed here yesterday,

September

-HZ. Govt. 4% Loan 5% prem, b.

ELK, Govt. 82% Loen paz. - Wallace Harpers $4 ni

Chicago Cor: MAY

July

60% 60%

60%

80

Dress Linens. Market conditions since the last report show. little] change. Buyers in the home trade not up to expectations. Some or Winnipeg What:m jand various overseas markets con-ders for white, dress linens have May Linne to operate in moderate quan-been arranged for USA. and July tities, bet demand from U.S.A. Is other outlets

+October

Tilden. The most spectacular and Trans-Ocean Service, S |most popular player, he said, wEE

The Hong Kong Stock Exchange 5914 Bonotra

Mr. Andrews will, remain in the have received a cable from: Kuaza Colony, for about a week and will Derrick and Co. Local Secretari in visit China, Korea, Japan, Canada Gold Mining Co. Lady monacing the Singapore of the Raub Anstz Han and New York-before returning to output for the four weeks ending $14 London by the "Queen Mary" March 28 to be 2001 ounces