1936-07-03 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,008,002

Led and Fully-Paid-up 20,000,000 Beserve Fundgo

Sterling ......$$,500,000 Hong Kong Currency

Beserts....$10,000,000

eserve Liability of Pro- Bristora

MEAD OFFICE: HONG KONG. BOARD OF DIRECTORS.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA Incorporated by Boyal Charter, 1553.

Lip S AMILIARI Bangkok

Lava

Ipok

£3,000,000 £3,000,000

HEAD OFFICE: LONDON Paid-up Capital Reserve Fund

Beserve Liability of Pro-

prietors

-$3,000,000

$20,000,000

Agencies and Branches::

Iloilo

Langu

Бров

Karachi Kase

Zoeten beat

Zibenskaj

Cabe

Canton Cawnpore

Kunis Lamper Suching Madca

bangapos Sitema Bouzabayn

kombu

Madaa

Tampang Pandaca

New York

Tangkah

Habang

Potping

· Hamburg

Poung Penang

Yokom Zaboanga

Hon. Mr. J. Paterson,

G. Miskin Esq.

Deputy Chairman.

Hon. Mr. WH, Bell, J.R. Masson Esq. Compton Esq. T. E. Pearce Esq.

Toa. Mr. S. H. Dodwel

1. A. Plummer Eag M. Johnson Esq, AL. Shields Esq.

V. X. Grayburn, Esq.

LUOX

LANG KOR

Chiel Mounger."

SPANCHES ——

LONDON

LYONS

MALAUÇA

XANIMA

MUAB (Jokerti

KUEDEN

NEW YORK

FELING

PESANG

HUBBAY

CHE-POO

007OMBO DAMEN POOCHOW 'NAIPSONO FAMBUSO HANKOW EASTN

HUNGEST

MALOON

SAN FRANCISCO

MANGLO

JORDEE

XOWLOOX

KUALA LUMPU

KANGOOS

SHANGHA

SINGAPORE

BUBABAYA

SUNUEL PATANI

TOYO

TIENTSIN

TOINGTAO

YOKOHAMA

Our custs ¿petank is Local Currency sad Band Dugonin sewered for dos year or GED

Local Carewody and bisweing on tacizm ALGO 30 M HAFT Bom 20

we do DEPOSIT Boxes in

Hong Kong, 24th February, 1936

HONG KONG SAVINGS BANK

The mean of the above Bank is condust - - by the HONG KONG AND SHANGRAI Bulma be ZASTOSO CORPORATION.

DOMINÉ SE Appliankom.

FOR THE LỨNG LONG AND SHANGZIAI BANKING CORPORATION

7. K. GRAYBURN,

Chief Boogie, Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Laborant Capita d-up Capital

----⇓ € 50%,800.0 Undivided Profice S SEAD_OFFICE HONG KONG.

ها الجنية

Harbu

! Hong Song

Kanila

Foreign Exchange and General Banking bunnen Correus Eccounts opened and Fixed Deposits

LIBUNATOČ

Ereciator

busineen, and Trustee

and clima

{Teema "Winch may be aecoctained at any of ite

Agencias and Branches,

THE CHINA MAIL" FRIDAY, JULY 3, 1936

Commerce and Finance

BANK OF FRANCE LINEN TRADE

RETURN

OUTFLOW OF GOLD

CHECKED

CONTINENTAL HOARDERS

OF STERLING

London, To-day.

REPORT

Good Flax Season Expected

MARKET TONE MORE CHEERFUL

Flax

The Irish Linen Trade Editorial For the first time since March Committee. Belfast, reported for 26 the Bank of France retura re the month ended May 275---- veals

an increase in the gold holdings, which, although it only [reoraved for sea" zwar or aborte pernode-es zute

amounts to $607,000, is neverthe which will be ground on appicatio *The Bank's Head Ontos si London undertake less-noteworthy as showing at Irish. There is nothing to re neoptery of Bram lace Tax paid long last a definite check on thel,

the markets. The port about On the gold drain from France.

acreage under flax this year has contrary, however, some quarters not yet been published, but the re- criticise the smallness of the in-

ports indicate that farmers will crease, pointing out that although have another good season the outward flow of capital may Courtrai. There is no change! THE CHINA & SOUTH SEA BANK, have ceased confidence has ap in the situation of Continental

parently not yet suficiently re-faxes

A. BERABLEX,

Manager Hong Kong, 1st January, 1935.

Capital Reserve

LIMITED

Chima

Forside Restange and Green Baking Susie

<

turned for currency hoarders to Latvian Recent

of sales disgorge any large volume.

Livonian far have been confined (Incorporated in China)

In this connection it is inter-to small lots and have not affect Head Office-Shanghai

$7,500,000.00 esting to observe that the Britished the general situation. The of $1,500,000.00 banknote circulation has reached Scial price is being slightly dis Branches-All Important Cities in another record, which.. while it counted, and the different spin- showing are, now D23 primarily be attributed toning centres

demonstrates more interest in the flax. holiday demands,

reluctance of Continental the

Esthonian. Stocks are compara- part with sterling tively small and the interior mar- hoarders to notes.Reuter.

kets are firm. Some moderate! quantity was sold recently to Ger- many. The season seems almost) finished.

Craonate).

Current and Barine Azomente moaned and Purd Deposits entred for one year, de 2 d * Tains whink will be quoted an application.

HOA NG

Manager.

HONG KONG BRANCH: M. De Vaux Band, Comma).. Manager's Odion Foreign Exchange Dept.

zoom Tel. 253AS

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 das- cripton of banking business transact

Current Accounts and Savings Ae- Fixed Deposits ye-

ad.

LOCAL DOLLAR STEADY

Silver Prices Rise

Supplies Diminished Lithuanian Supplies are great- ly diminished, and the bulk of the has been disposed of. No The local dollar is steady, business of consequence seems to opening on demand this morning have taken place during the past.

few weeks. fat 1/3-5/16d.

crop

4

Soviet. No change in the posi- "Spot" silver rose 1/16 to 19%, while "forward" advanced 1/16 totion. Holders of stocks are con-] 15 Das Yous Bood, Cootemi.

tent meantime to wait on business) 19-9/16. BOARD OF DIRECTES:-

The London on New York cross-coming out. No actual negutia- Hon. Sir Shou-son Chow, Chairman counts opened.

R.

WOGE 1 Kron Ching an aing bao chired at rates which will be quoted rate was unchanged at US$5-tions with Germany seem to be go- 02, while the New York on Londonjing on at present. For payment Band, hegy Fong Coc Bon, Reg. and kan Ting on application.

Trusteeship & Executorship under- taken. Safe Deposit Boxes for hire cross-rate was quoted at S-U-S-in Reichsmarks the Russians wish $5.02-3/16, as compared with £30 per cent over prices for other Chief Homager.U.S.$5.02-5/16.

countries, so nothing can be done.. As regards the new crop, it is re- ported that early sowings are com- ing up well

جار السولية

Kan Tung Fa. Eng, Chest Maungar

14 Two Feng, XP4% Mazagar.

BRANCHES AND AGENCIES:-

Casson

Baphong Beckon

Kons

Lowion London

حياة الموعد

Slatinazion

Bagwada New York

-Propag

Poning

Rangoon

SUPOR

Bemalung

aiaga.pom Bourabaya Sasio bydney

Timin

Vancouver

grey description of Banking and Erisang Losos grated on soprvé

Budem knowered. sourim

Sund

icenta opened to Lonal Currency

Cup Depoise need for our shorter periods in Local and Foreign Chucios

at bermas wick will be quoted on application

Deposit Boom To La

FAN TONG PO,

PHILIP GOCK CHEN

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

Chust Maong

Victoria Peak Signal Station

Mt. Parker

Mountain Lodge

The Eyrie

Peak Hotel

Mt. Davis

Bowen Road (filterbeds)

MAINLAND

Feet 1,823 1,774 1,734 1,725 1,725 1,305 877 297

Taimoshan Kowloon Peak

Fest 3,124 1,971

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Yen 129,150,000

Head Office: YOKOHAMA

Branches and Agencies st

Alexandria Bangkok

Batavia

Emelin

Bombay

Calcutta

Canton

Dairen (Dairy)

Moli

Nagasaki

Nagoy

New York

Osaka

Paris

Peiping Kangoon

Fengtien (Mukien) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Hainking

Los Angeles Mezla

San Francisco Seattle Semarang Shanghai

Sourabaya Sydney Tientsin

Tokyo Tsingtan Yingkow Interest allowed for Current Ac- CONTES

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

G. KISHINAMI,

Manager.

Hong Kong, 3rd July, 1936.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED: (Incorporated in China)

Capital paid up Beserves******** Capital Savings Dept.. Beserve Savings Dept. $800,000, Elead-Des--Shanghai

A Bank having as Sta misa the incastrial development China and the fostering commercial relations abros Hong Kong Office

6, Queen's Road Central *Phone 21118,

It is a Daily

Occurrence

NATIONAL CITY BANK

OF NEW YORK

Yarns

on

following telegram has Interest is chiefly centred The been received in Hong Kong from damask and cambric yarns, sub- The National City Bank of New stantial sales being made in these York Head Office in New York:-ranges on spinners'. quotations, "The Board of Directors voted bulk offers at slightly lower limite at the regular meeting to-day "to being declined. While business in call the US$50,000,000 preferred tow sizes is confined to actual re- stock for retirement at par and quirements, manufacturers look accrued dividends on August for delivery of quantities specified 1933

After giving effect to against existing contracts. Prices this retirement the Bank will have are steady and likely to harden Capital Stock of U.S.$77,500,000. should any general buying move- Surplus US$42,500,000. Undivid-ment develop.

ed profts approximately US$10,- 000,000."

A new branch office of the hama Specie Bank, Ltd. has opened at Bangkok, Siam, as to-day.

Wervers

There is no change in the situa: Toko-tion since our last report. Manu

been facturers are kept busy quoting from

prices. but up to the present business has not come up to ex- pectations. Small sorting-up, orders have been booked from day to day, but not sufficient to keep looms going.

for business men to be sent on journeys here and abroad. Expense money must be provided and it is often a problem as to how these funds can be carried safely and conveniently. It is a protection

both for the organization and for the

travelling representative to con- vert his expense money into

AMERICAN

TRAVELERS

EXPRESS CHEQUES

Issued in denominations of

$10, $20, $50, $100 £2, £5, £10

THE AMERICAN EXPRESS CO., INC.

Incorporated with Limited Liability in USA No. 4, Des Voeux Road, Central

Merchant's

Since the last repert the tone of the market has been more cheerful than in recent months. Quite a number of buyers have been here. covering both housekeeping goodaj jand handkerchiefs. While orders placed are not as large as had been expected, there is every rea- son to hope that repeat business may follow in the autumn.

Considering the many things, from currency problems to politi- cal difficulties, it would hardly be natural to expect a full flow of or- dinary business. Meantime, dam- ask looms are rather better em- ployed, and cambrics and sheers are moving in good quantities.} Fancy goods have also bad a tura, and several orders have been ¡ placed for the cheaper end of |housekeeping goods.

Dress Linens

There is little change in market conditions to report. Coloured dress linens are moving in mo- derate quantities for Home and Shipping markets; but business From- US.A." is slowing down. Shipments, however, continue to [be made.

LOCAL SHARE MARKET

TO-DAY'S QUOTATIONS-

The following was the list of local share quotations isszed to-day:

Bankr

HK Bank $1,58241⁄2/1580 să. HK. Bank (London) £102 1. Chartered Bank $14% 2. Mercantile Bank A. and B

CSI-n.

Mercantile Bank C. £14 m. Bank of East Asia $73 n.

Insurances *

Canton Ins $255 m. Union Ins. $525 1. China Underwriters-$1 China Fire Ins. $462 EK. Fire Ins. $250 1. International Assce. Sh.$31⁄4

Shipping

Donglases $36 1 E.K. Steamboats $5 a. Indo-Chinas (Pret.), $30 m. Indo-Chinas (Def.) $20 11 Shells (Bearer) 96/3 n Union Waterboats $12 8.

T

Docks, etc. HK. and K. Wharves $88: 1. H.K. and W. Docks $10 b. Providents (Old) $1.05 1. Providents (New) 20 cts. Hong Kew Sh$185 New Engineering Sk-$4 a. Shanghai Docks Sh$100

Mining

Kailan Mining Ad. 11/- n. Langkats (Single) Sh.$8 1. S'hai Exploration Sh.$41⁄2 n. Shanghai Loans Sh. 4 Do Raube $10 DL. Venz; Goldfield $4% b. Antamoks $5.10 ́sa. Atoks 69 cts. b. Baguio Gold 28 cts. b. Balatoes $21 1

Benguet Consolidated $18.40 Benguet Exploration 28 ets. n. Big Wedge 522 cte sa Consolidated Mines 31⁄2 ets. 8. Demonstration $109 by $1.10 Gold Creek 10 cts. n. Ipo Gold 31 cts n Itogons $.195 b., $1.95 ea. LX.L. $2.05 b. Hasbate 80 cts. b. Northern Mining 36 cta. n.

..

Paracale Gumans 71 cts. n. Salacots Mining 12 cts. n. San Mauricio $1.21 n. Suyoc Consol 43 cts. b., i United Paracales $1.19

$1.15/1.19 sar Universal Explor 24 cts. n. Lands, Hotels, etc. EK. and S. Hotels $4.55 1. "H.K.. 4% Debentures 100% b.

E.K. Lands $30 sa.

Shanghai Lands Sh.$13

HIS 29TH CONVICTION

A fine of £50 was hupound at Worcester last month an Peter

-NEW- ADVERTISEMENTS

NOTICE OF REMOVAL

Hogh Gurney, aged 53, indeper Do

dent, of Cleobury Mortimer, for driving while under the influence of drink. He was ordered to pay 41s costs and was disqualised from driving for five years. "A The police stated that there' were 28 previous convictions, the fines totalling £251.

NEW YORK SHARE

MARKET

Serious Drought In

North-west

MARKET FAILS TO RESPOND

Mesars. White, Weld and Cam

pany, New York Correspondents for Messrs. S. E. Levy and Com-¡ pany, report:

ODWELLS SERVICE STA- ATION: 1799 || Nathan Boad, KOWLOON” has removed to 6

Ashley Road, Kowloon (behind the ĮSTAR THEATRE), Telephone No. | 58772_^~^⠀⠀ Business as usual. at RUSSELL STREET, WANCHAL- Telephone No. 25714, 7-

.DODWELL & CO. LTD. Hong Kong, 3rd July, 1936.

LONDON RUBBER

:

MARKET

"Spot" Touches New High Figures RESTRICTION GROWING MORE EFFICIENT

London, To-day." A bout of substantial rabber. "Stocks: The failure of the buying from America and - the market to respond to the excep-Continent in the past fortnight, tionally favourable business re-much of which was on cif, terma ports is due to the realisation of direct from the East, carried Spot the seriousness of the drought in rubber in London yesterday to the the North-West We continue to highest since September 1984. The favour limiting holdings to motor, home trade offtake also continues utility and oil securities, but we to be excellent, and speculative in- would sell on all bulges. Business terest is becoming livelier, with the realisation that world stocks. done:-1,070,000 shares.

"Wheat: - The recently bailish have fallen 87.166 tons to 499.166- factors are now materialising and this year, while the drop in the we would prefer the long-side. United Kingdom stocks has been There have been some rains in the 34,155 tons since March 2, actual- The Spring by causing some tightness in Spott Southern corn belt. wheat crop

condition has not rubber in London. much improved and prices' look Moreover, restriction is general- likely to move higher. Messrs. 2.y regarded as growing steadily, E. Bennett and Company estim-more efficient, as evidenced by the ate. the winter wheat crop at 521,-Netherlands East Indies decision 000,000 bushels, the Spring crop to replace the cumbersome ex- at 132,000,000 bushels and the traordinary duty on native rubber corn crop at 2,295,000,000 bushels, by individual control in New Apprehension regarding the crop York, which, it is understood, will has reached newspapers headlines treble the natives' profit without The Trade was the best buyer, increasing the output-Beater. Total sales:-45,892,000 bushels.

DOCTOR'S WIFE

MISSING

Went For Bathe And Disappeared

"Cotton: Conditions are an- alogous to those which prevailed in 1926. when 18,000,000 bales were sold at 12 cents and the mar ket advanced sharply thereafter.

“Flash: — The Trans-America Corporation has declared a semi- annual dividend of 20 cents per share and has established a 40 M Joan Margaret Jones, aged cent basis. The Corporation has, wife of Dr. Bonald Jones, of also declared an extra dividend of Dalton-road, Ipswich, had been 5 cents per share.

Ipswich

COMMODITY PRICES her spaniel dog, "Pavelack," which

. -

missing recently since the pre- vious evening, when she weat bathing at Bawdsey, near Felix- stowe. She was accompanied by

returned home late the following The following quotations have afternoon wet and bedraggled

Police and coastguards, who: Prev. Yesterday searched the beach over a wide- Closing Closing area all day, found Mrs. Jones's clothing near the spot where she is believed to have entered the water.

Metropolitan lands Sh. $10 n. been received by Renter:---- Humphreys $8.55 .

H.K. Realties $44 Chinese Estates $80 n. China Realies Sh.54 n. China Debentures Sh.$60

Public Utilities HK. Tramways $10.40 Peak Trams (old) 61⁄2 12. Peak Trams (new) $2 n. Star Ferries $85 n. Yaumati Ferries $20 a C. Light (old) $101⁄2 b. C. Lights (new) $71⁄2 så. HK Electrics $50-b... $50 sa. Macao Electrics $18% 1. Sandakan Lights: $8.30 n. Telephones (old) $25 b. Telephones (new) $8% n China Buses Sh.$11. Singapore Tractions 32/6 b. Singapore Pref. 28/- 11.

Industrials “

Malabon Sugazz $91⁄2 b. Cald., Macg. (Ord) Sh.$1914 n. Cald.. Macy (Fre£) Sh$15 Canton Ices $13⁄4 n. Cements $920 z. ELK. Ropes $3.90-n.

Stores, etc.

Dairy Farms $191⁄2 sa. Watsons $3.45 1.4 Lane, Crawfords $64 n. Mackintoshs $5 . Sinceres $170 m. Wm. Fowells 40 cts.: 2. Wing On (EK) 150:11

·Cottem · BITI

Ewe Cottona Shi$3 m Shanghai Cottons

-(old) Sh

January

12.51

New York Cotton:

July

12.40

12.41

October

11.70

11.70

December

11.70

11.70

January

11.70

11.71

March

12.72

1175

May

11.79

1178

Spot

12.50

New York Rubber:

July September ... 16.723 October

16.162

16.25

16.35

16.300

16.397

December

16.40

16.47

16.43a

16.51m

March

18.52a

16.59-

May

16.602

16.672

Chicago Wheat;

July

9534

100b

September

95%

102b

December

98%

1034b

Chicago Corn:

September Am December Winnipeg Wheat: July October

673%

7134

63%

67

December

80%

*84b

81%

34

Strong Swimmer

Dr. Jones said: "My wife and I and some friends went to Bawd- sey for a little holiday. My wife was a very strong swimmer and was fond of bathing, though I do not think she had been in the sea this season.

*The police are of the opinion that if she was drowned her body. has been carried out to sea.”

Strong currents have been run- ning at Bawdsey recently.

The police issued a description of Mrs Jones, and requested in- habitants of neighbouring villages to join in the search.

MAX KASSEL MURDER

Preliminary Evidence Sworn At Bow-St.

It was learned last month that

82% preliminary evidence had been sworn at 'Bow-street police-court in connection with the murder of Max Kassel, whose body was found in a ditch near St. Albans air months ago. Roger Vernon and Suzanne Bertrand are await-

Shanghai Cottons (new) Sh-RAW RUBBER PRICES ing trial in France in connection

Zoong Sings: Sh.$18 m Wing On Textiles Sh $25′′r.

Kelly Miscellarssoną

· Entertainmenta $2.90-n- S. C. Enterprises $1.35 n. Macao "Greyhotinda't: $2^n Constructions (old) $11⁄2 m.. Constructions (new) 30 cts. b. Vibro Piling 2

Ch. Gost. 5% 1925 G$Bds.

98/ x

ELK Gort 4%, Loca

pren.

HK Govt. 2% Loan 14%.

Wallace Harper

with the crime..

Mr. Ronald Campbell, the chief

Latest Quotations From magistrate at Bow-street, has been

Singapore

Mesars. H. B. Joseph have

the quotations in Straits from Singapore for Raw

sitting in private at his rooms, take- ing evidence from a certain nume- ber of the less important English and Co witnesses. This was sworn and following will be forwarded to Paris in time currency for the trial, which is expected to Rabberoper towards the end of this

Buyerz Spot 26% . Up. %. Aug-Sept 26% b. Up

27% b. Un 2 Oct Jan-March 23% b. Up /s

month, thus saving the expense of taking these witnesses to France. The trial will be attended by Chief Insp Sharpe and other Scotland Yard atcers, who took part in the investigation in- England