1936-04-24 — Page 8

BANKS

JONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

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

Reserve Funds :-*

Sterling .... £8,500,000 Hong Kong Currency

Reserve....$10,000,000

Reserve Liability of Pro-

prietors

.$20,000,000

·HEAD OFFICE: BONG KONG.

BOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson.

Charman

G. Miskip Esq.,

Deputy Chairmed.

1 THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON

Paid-up Capital

THE CHINA MAIL, FRIDAY, APRIL 24, 1936

ommerce and Finance

...,000,000 WORLD "SILVER

Reserve Liability of Pro-

Reserve Fund

prietors

Al Sha AC

Menghak

Cout

£3,000,000!

...£3,000,000

Agencies and Branches:

Dale

Здравей

Larachi

King

Kuala Lumpur

Canton

Kuching

Carspora Cabu

Madana

Man

New York Piping

Posing] Гедаль

Han, Mr. W.H. Bell, J.R. Masson Esq, Cambo AE, Compton Esq, T. E. Pearce Esq.

Hon. Mr. B. Dodwell,

Haiphong

heatrat ܥܡ 53

Ban 2000 belgun Soucuraue ceb

burabre

Tiritad Tough

*ang Tokoba mna Forza Bachange and General Banking but Correct Accouusia opened sad. Ford Depot

J. A. Plummer Esq. Hauk MT. Johnson Esq., AL Shields Eng Sant

V. M. Graybura, Esq.

ΑΜΟΣ

AGROF

BATAVIA

BOMBAY

CALCUTTA CANTON CHEFOO DOLAK BO

DAVEEN

POOCHOW MAPRONG HAMBURG

HANKOW

RABBIN ВОКОКУЯ

ILOILO

IFULL

JOHORS

PROX.

IWLOON

Call Mana

BRANCHES

GALA LUMPUR

LONDON LYONS

MALACCA

MANILA

MEAR Dolore

MUKDEN

NEW YORK

PELFING

PENANG

HANDON

MATSON

SAN FRANCISCO

NASHBA

MISCARRE

KABAYA SUMMA PATANI

VENINN

SEMITAD

YAMA

Currect Scouse opent in Lomi Curmary and Bond Drone receiving for a year or shorta rods is Look Curray and strung on w

o be quo

A up to date saFE DEINI BUXEN an BLOG GITU LE

Hoar Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Bus:Dome the bore Bank conduct HON SUNG AND SHANGHAI BASING COMPORATIUSN Buine may be

Mesa do oppuen.

POB THE BUNG SONG AND BILANGHAI BANKING CORPORATION.

V. M. GRAYBURN,

Case: Kosager.

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Autored Capita Paid-up Capital

More sac adivided Prodi

Traslad

rows for our your se shorter perioda 96+rely which will be quotient un application

A. BREARLEY,

Manager. Hong Kong, 1st January, 1935.

THE

AMERICAN EXPRESS COMPANY,

INC.

in U.S.A.

Head Office:-65, Broadway. New York

MARKET

Incipient Boom Meets Deserved Fate

Londen. To-day.

silver boom in The incipient seems to have met already the fate it deserved, says the Financial Ners in a leading article on the question. It points out that the U.S. Treasury is absorbing 60 per The cent. of the world's output.

for the free! quantity available.

CO- is therefore world market paratively small, and. provided the price is sufficiently attractive, say 20d.. the up-country demand in! India is adequate to absorb this.

Silver before the boom had reached an economic level in keep-

Incorporated with Limited Liability ing with the facts, while, unless President Roosevelt changes his

which

the mind.

is unlikely. see a permanent { Journal cannot

rise above the approximate level of 26. On the other hand there .U.S.$6,000,000.00

2,183,623.00 seems little danger of a further

$70,731.00 serious collapse.-Reuter.

Capital Surplus

Reserves

Amsterdam Kalwary

Алей

BRANCHES:~~

الامانيه فيه

The Bag

HAIRT Havre

Handelberg

AT THE LOWLI Nilar

Num Sapicem Pyrmon

Гармае Kosterdam

Bas

Shanghai

biutinin plo

Бирок

Loca

La melak

temala

Lauro

Lades

Calcula

Interpu

Canoes

Lucerne

Loo

м

Lanzar

Hvals Carlo Mawia Ma

Vienna Veque Yokohama

Forsch

Colababo Copenhagen Drabon Eunburgh

Land

Greaves

Branches of American Express $10,008,300.07 Company in Principal cities of United 3200 States of America and Canada.

$ 5,506.600.00

BEAD OFFING SUNG.

IU, Des Trux You, Chatre.

BUARD OF DIRECTORS-

See show Coun, Charmed.

Love is, bieg.. I. Is de Em Wome

LOCAL DOLLAR STEADY

Silver Prices Rise

dollar is steady, The local opening on demand this morning at 1.3 d.

The London on New York cross-

All classes of Commercial Banking rate was quoted at £-US.$4.93%, Transactions undertaken

as compared with US$4.93%, London Personal investment accounts hand-while the New York on

cross-rate was quoted at £US-1 $4.933, as compared with S—U.S.-|

Is Tony kay Chan Chung Sink, Eng.. Li Loaicd. Sang, L., Wang Clan roo, Log, and kan Ting

Amay

Bala Ti

Caton

Kas Tube Pa. Eng Chul Manage

Hanzow Homoistu Lobe Kawloon

حدث و

BRANCHES AND AGENCIES-

M

M=EM

New York

لمرور

Regang

1-

Smailin

beacon

K

Suriya

ま

Sydney

baka

Thi Tukyo

Das Francione

vdebate

Zrary desctip Dename Lissen/ Leg.

CUCIGARE

Bouling and Exchange Led on appeared

Current decocta opecia an Looni Currency and Fized Depile recove for one year or shorter periods in and Formigo Cuzzwozies no ter which will be quoted on application.

Sale Depot Boxes To La

KAN TONG FO

Chin Maunger.

The Company offers to intending Travellers the use of its "Travellers $4.9344. Cheques" and Letters of Credit and, in addition, the world-wide services of its thoroughly equipped Travel Department

C. H. BENSON,

General Manager.

THE CHINA & SOUTH SEA BANK,

LIMITED

(Incorporated in China)

Head Office-Shanghai

Capital Reserve

$7,500,000.00

$1,500,000.00

SHARE MARKET

The following was the list of! local share quotations issued. to-j day-

.1,500 sa.

Banks

H.K. Bank (London) £102 p. Chartered Bank 14 n. Mercantile

Bank A. and

B

NEW YORK STOCK MARKET

Technical Rally To-morrow

NERVOUSNESS. AND IRREGULARITY

Messrs. White, Weld and Com pany, New York Correspondents for Messrs. S. E. Levy and Com-

Stocks: H.K. Banks $1,500 by $1,510/- pany, report:-

Railroad stocks to-day broke through the resistance point, whilst industrial securities were held at a critical level. We ex- pect nervousness and irregularity. The market may be easily affected by legislation news and the foreign isituation, but we would bay motor and oil shares for a technical rally to-morrow and take trading pro- its on any strength. Business doze: 2.060.000 shares.

#31% n. Mercantile Bank C 14% 1. Bank of East Asia $73 1.

Insurances Canton Ins. $275 n. Union Ins. $5071% 6. China Underwriters $1 n. China Fire Ins. $450 n. H.K. Fire Ins. $250 n. International Assce. Sh$31⁄4 n. Shipping

Douglases $36 a

H.K. Steamboats $54. Indo-Chinas (Pref.), $30 a. Indo-Chinas Def.) $20 n. Shell (Bearer) 97, 6 n.. Union Waterboats $12.20 A.

Mining Antamoks $2.40 h.. $2.44 sa. Balatoes $21. Baguio Gold 33 cts. b. Benguet Consolidated $18.20 Benguet Exploration 22 `cts. D. Big Wedge 40 cts, a.

Cotton: There was some heavy buying of new-crop cotton. The drought in the South-West is only! partially relieved and the situation is extremely serious in Oklahoma. A forecast indicates fair condi- tions in the South-West. Pur-

of new-crop

are chases recommended.

Flash:

cotton

Motor

The Chrysler Company has declared a dividend

of $1.50 per share.

Cor-

The Monsanto Chemical poration has declared a dividend of 25 cents per share extra.

Demonstration 72 cts. b., 73 cts. COMMODITY PRICES

S

Gold Creek 15 ets. n.

Gold River 6 cts. n. Itogons $1.22 b.

LXL $1.55 n.

Salacot 12% cts. sa.

Kailan Mining Ad. 12/9 n.

San Maurico $1.20 n. United Paracale 80 cts. a. Venz; Goldfield $3 n.

, Docks, etc. H.K. and K Wharves $91. HK and W. Docks $9 ne Providents (old) $11⁄4 m Providents (new) 20 cts. Hong Kew Sh$190 n. New Engineering Sh.34 Shanghai Docks Sh.$100 n.

Cotton Mills

The following quotations have been received by Router.

Prev. Yesterday Closing Closing

Three views of M. Josef Stalin. Dictator of the Soviets rumours of whose shooting by assassina were vigorously denied by the Russian Foreign Office last month. He is shown in two- of the pictures alone and in the third with M. K. E. Foroshilor, right, Soviet Commissioner of Defence.

ST. GEORGE'S DAY CELEBRATIONS

Cenotaph Ceremony

WREATH LAID BY PRESIDENT

OF LOCAL SOCIETY

--

106 MILES ON FOOT

IN 23 HOURS

Finished At Jog-Trot

UNDERGRADUATE WINS

£300 WAGER

Cambridge. At four minutes

March 20, a tall, looking very Cenotaph at noon yesterday. The tired, but full of determination, wreath, which was of laurel ran up to the front gate of Trinity white flowers College at a jog trot and shook leaves, inset with and with a centre of red blossoms, hands with the head porter, Cap-- was laid by Mr. V. M. Grayburn, tain Edward Bicheno. President of the local St. George's! Society, assisted Pollock, K.C.

New York Cotton:-

May

11.55

11.55

"Spot" silver advanced 20%, while "forward" also !% to 20%.

1 to

ruse

Langkats (Single) Sh.$10 n Masbate 70 cts. n.

July

11.25

11.28

October

10.38

10.43

S'hai Exploration Sh$44. Shanghai Loans Sh.S4, X. Raubs $11% IL

December

10.40 10.47

January

10.43

10.45

March

10.49

10.51

Spot

11.85

11.SS

New York Rubber:-

May

15.90 15.83

July

16.02 16.00a

¡September

16.124

16.10a

¡December

16.23a

16.2da

The principal feature celebration of St. George's Day past 1 p.m. on was the laying of a wreath at the slim young

of the

man,

March

16.336

16.336

Chicago Wheat:

May

July

September

101 100% 9234 91% $92% 90%

b.

642

64%

Shanghai Cottons

$375.

(new) Sh- July

62%

624

Winnipeg Wheat:-

May

823

812

July

83%

$24

A. B.

H.K. and S. Hotel $490 b., 34 October

90/95 32. H.K. Lands $33 s

8436

83%

NEW DUTY ON

the

TEA

was Mr. John: Hazeland,

Timpson, Cock, E. M

at Raworth and A. Sommerfelt.

undergraduate The party stood a moment with second-year

Trinity College, with no preten bared heads after laying

sions to outstanding athletic jwreath.

He had succeeded in do-

The young man Alastair Livingston

a

SHIPPING IN PACIFIC

Dominions' Meeting In London

Canada.

London, To-day. Australia and New Zealand are holding a conference Branches-All Important Cities in in London shortly to deal with the questions of the Dominions' ship- China

the Pacific, stated. Dr. Porsigy. Exobangs sad Omaral Banking Businping in

tracted.

THE YOKOHAMA SPECIE BANK Saving cast opened and fled Burgin, Parliamentary Secretary

a rate which will be quoted on appilotic

BOU 2. CHANG

LIMITED

Macuget.

Established 1880

HONG KONG BRANCH: The Das Faux Road, Contrai_

Kanager's Othe

Foreign Exchange Deph. Gel SOR

.Yea. 129,150,000

Capital (full paid-up) Yen.100,000,000 Eeserve Fund

Head Office: YOKOHAMA Branches and Agencies at

Alexandria Batavia

Berlin

Bombay

Calcutta

Nagasaki Nagoya New York

Dunks

Paris Feiping Canton Dairen (Dainy) Rangoon Fenstien (Mukden) Rio de Janeiro

Hamburg

Bankow Harbin

Eone Kore

Honolulu доро Esinking

Karachi

Robe

London Los Angeles Manila Moji

Francisco

Sant Seattle Sarang Shanghai Shanku Singapore Sourabaya

Tokyo Tsingtan Yingkow

Interest allowed for Current Aer!

counts.

tion.

Deposits received for fixed perioda į at rates to be obtained on applica-

G. KISHINAMI

Hong Kong, 10th March, 1935.

Manager.

COASTWISE

ct

by

“ALGIE” BENNETT.

An interesting book of Cartoons depicting "Happenings" on the China Coast.

PRICE $1.00

Now on sale at

The Newspaper Enterprise Ltd. China Mail Baiking.

T-1, 33005

Deposite rowed for one year or short to the Board of Trade, yesterday. Dr. Burgin added that the Em- pire routes in the Pacific must be maintained and the Dominions! were meeting to find some other ways, apart from subsidies, keep the present lines running. Reuter's Bulletin Service.'

Cashier's Orgy intend to for a chance the

23560

THE WING ON BANK, LTD.

Head Office: Hong Kong

26, Des Voeux Road Central. Authorized Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Ltd. Foreign Exchange and every des cripton of banking business wansact

ed.

Current Accounts and Savings Ac- counts opened. Fixed Deposits re- Lceived at rates which will be quoted

on application:

Trusteeship & Executorship under- taken, Safe Deposit Boxes for hire.

PHILIP GOCK CHIN

Chief Manager

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 the industrial

to

—

FUTURE TREND IN RUBBER: Restriction Scheme To Continue?

London. To-day. It would be folly to adopt an attitude and dis- ostrich-like regard the possibilities of synthe- tie rubber in the future, although its cost is uneconomic, when the exchanges between the countries Robert are free, delared Mr. Stewart, presiding yesterday at a meeting of the Rubber Growers' Association.

He expressed the opinion that of the industry is the future bound up with international re- gulation. They must regard the [present scheme as preliminary to a continuing period, as the weight heraf opinion at present favoured the continuance of the scheme beyond the present period-Reuter.

mission

China and thevelopment on

of

commercial relations abroad. Hong Kong Office

6. Queen's Road Central Phone $1116.

GOLD VALUE OF WORLD TRADE

DURING FEBRUARY

RAW RUBBER PRICES

Latest Quotations From Singapore

London. to-day. Statistics issued by the economic intelli- Messrs. L. B. Joseph and Co. received the following gence service of the League of have

Straits currency

Nations at Geneva show that the quotations in

gold value of world trade in from Singapore for Raw Rubber.

February was 8 per cent higher than in February 1935.

The

trade of the United Kingdom re- presented 14 per cent. „of the total-British Wireless

world' Service.

Spot 20 b., Unchanged May/June 27 Up 1⁄4 b. July/September 27 1⁄4 Up % b. October/December 27-2 Up

b...

Market:--Steadier.

Ewo Cottons Sh.$82 b. Shanghai Cottons (old) Sh.570 Chicago Corn:-

May

Zoong Sings Sh$12 a Wing On Textiles Sh$25 n.

Lands, Hotels, etc.

H.K.. Lands 4% "Debentures

100% b.

Shanghai Lands Sh.$18. n. Metropolitan Lands Sh. $10 n. Humphreys $8,80 n.

HK Realties $5 - Chinese Estates $82 . China Realties Sh.34 China Debentures Sh.$60 12.

Public Utilities

H.A. Tramways $10.30 b.

25/90 83.

Peak Trams (old) $7 a. Peak Trams (new) $3 n. Star Ferries $86 b. Yaumati Ferries $19 n.

A moment later he had a cheque by Sir Henry thrust into his hand, an instalment on the £300 which will be his re-

2

They were followed by Messrs.ward for a 23-hour gruelling test W. A. Cornell, C. G. Alabaster, of endurance undertaken for

He had walked '106 miles Scott Harston, G. G. N. Tinson, wager.

C. Bulmer Johnson, P. S. Cassidy, to St. Paul's Cathedral and back. J. D. Danby, G. A. Pentreath, E. to Cambridge.

At 5.15, p.m. the band of the 2nd ability. Battalion

Representations To The Regiment gave an open-air con-viously attempted, but not accom-

Chancellor

London, To-day.

the East Lancashire ing something that had been pre- cert, by kind permission of Lieut.plished during this generation, if at all-travelling to London and CoL A C. Marsh and Officers, on back on foot within 24 hours

the ground of the Hong Kong

A joint meeting of representa- Cricket Club.

Among those present at the tives of the Indian and Ceylon Tea $10.-Associations unanimously decided band. concert were His Excellency

C. Lights (old) $10.70 b, $10-

$5/75 sa

C. Lights (new) $7% b. HK Electrics $51. Macao Electrics $20 n. Sandakan Lights $8.30 n. Telephones (old) $25% b. Telephones (new) $9 n. China Buses Sh$114 a. Singapore Tractions 20/- . Singapore Tractions Pref.

Ex-

His actual time was 23 hours 2mia, which is likely to stand as

record for some time.

Day And Night On Move Accompanying him over the last

to make representations to the the Governor, Sir Andrew Calde- Chancellor of the Exchequer re-cott, accompanied by bis A.D.Cfew miles of his journey, it was difficult to realise that this youth garding the increase in the duty, Capt. W. J. R. Cragg. His although the nature of the re-cellency the G.O.C., Major-General had been on the move for a day ard a night with only brief presentations is at present not A. W. Bartholomew, Sir Thomas disclosed. It is presumed that and Lady Southern. Commodore periods of rest. His feet were to the dis-C. G. Sedgwick and Mrs. Sedgwick, badly blistered, but now and again they draw attention advantageous position of the re-and Sir William Hornell. strictionist producers-Beater.

BERLIN SHARE MARKET

On

The broke into a trot

the Gov- arrival. His Excellency

When the goal was only a mile a final refresher, ernor was received by Mrs. V. M. Grayburn and Mr.. A. Sommerfelt away he took

iced orange squash, which sua- President and Hon. Secretary re-

he proceeded the share spectively of St. George's Society, tained him

through Cambridge," "amid Berlin, To-day. - The

plaudits of the crowds who had. market was again firm yesterday,

gathered to welcome him 28-as operators were covering. Rub-

Industrials Malabon Sugars $840 n. Cald., Macg. (Ord.) St.$191⁄2 Cald, Mecg. (Pre£) Sh.$15 n Canton Ices $1 Cements $10/30 za. FK Ropes $4 b..

Stores, etc Dairy Farms $20 m. Watsons $34

a

Lane, Crawfords $63⁄4 n.

Mackintoshs Sinceres. 32 11. WILL Powells 50 cta, n Wing On (HK) $55 Miscellaneous

Entertainments $2.90 n. 8. C. Enterprises $125 n. Macho "Greyhounds" $2 n. Constructions (ok) $1% n. Constructions (new) 50 cta. I Vibro Piling $4. Ch: Govt. 5% 1925 GB

93%-22

H.K. Govt 4% Loan 5% prem

B.

HK. Gort 34% Loan par. b. Wallace Harpers $4 m2

ber. Linoleum adn cellulose shares were in sharp demand Fixed in- terest securities were friendly, Reich's Old Liquidation Loán ad- vancing from 11170 to 112.125. Call money was at 1 to 2 per cent

-Trans-Ocean Service.

REICHSMARK QUOTATIONS

HELENA MAY INSTITUTE

Miss Anne Balfour In

Song Recital

LAST CONCERT OF SEASON

مة

il Solo dal Gange," by Scarlatti were especially appreciated. The

four numbers from Mozart, including "Bois Solitaire," and "Wamung." which brought out the full sweetness of Miss Balfour's voice,

first section of the recital was. completed with

An alteration was made in the A delightful song, recita by Berlín, To-day. The Reichs-!

Anne Balfour, mezzo first song after the interval, one mark was quoted yesterday at:- Miss New York, 40.22; Paris, 610.5; soprano, formed the last concert of a group of four numbers from Amsterdam 59.25; and London. of the season, which took place at Schabert, when "Nachtlied," by 12.28. Paris quoted the pound the Helena May institute last the same composer, was substitut--

Miss Balfour sang in ad for "Wohin 7" After "An Die sterling at 74.93 to 74.96 and the night.

and Musik," a number of bouquets French, German U.S. dollar at 15.185 to 15.1875-English, Trans-Ocean Service.

Miss Celia Watson, her were laid on the stage and the accompanist throughout the eye-japplause redoubled in vigour. ning, added much to the success! Three well-chosen songs, from of the evening.

Brahms, and three from Hugo The programme opened with Wolf, including "Verborgenheit,”

IDLE TONNAGE

London, to-day-The Chamber

Italian.

of Shipping quarterly returns of four songs, from John Barlett, and "Bescheidene Lieber," con- idle tonnage show that tonnage Tobias Hame, Dr. Ame and Johncluded a memorable and enjoyable laid up in Great Britain and Ire Eccles, English composers of the programme, but so insistent was land on April 1 was $23 per cent 17th and 18th centuries. Operatic the applause that Miss Balfour a year aga-British farias followed, and Lasciatent had to give an encore, Purcell's less than

Morire," by Monteverde, and “Giz (“Sylvia.” Wireless Service.