1936-08-05 — Page 7

BANKS

HONG KONG AND SHANGHAI *BANKING CORPORATION

Authorised Capital ......$50,000,000 ned, and Fully-Paid-up 20,000,000 Leserve - Bandas...

Sterling £4,500,000 Hong Kong Currency

....$10,000,000

Resurre

THE CHARTERED BANK OF INIJA, AUSTRALIA & CHINA Incorporated by Royal Charter, 1853- HEAD OFFICE: LONDON

Paid-up Capital

23,800,000

Reserve Fund

-Reserve Liability of Pro-

Lasarte Lishility of Pro-

.$20,000,000

prietors

£9,000,000

Alor Se Atlant

Kangoon

HEAD OFTICK, HONG KORO.

BOARD OF DIRITTORS,

Hon. Mr. J. J. Paterson.

Chairman

G. Miskin Esq,

Deputy Chairman.

Agencies and Branches:

bagon Semarang

Bombay Tarping

bacenam

Vesion

Kala Lumpur Kooking

singapor

but was

Geapons

Manila

Colombe

Kaiphong Klubow Harbun

New York

Zong

Piping

P Peng

don. Mr. W.H. Bell, J.K. Masson Esq, JUN a. H, Compton Esq., T. E. Paxrce Bag. Co son. Mr. S. H. Dodwall,

J. A. Plummet Eag Hon. Mr. M. T. Johnson.

MON

A. L. Shields Eaq, V. M. Graybara, Esq. Chind Manager..

BANGKOK

Katavi BUSTEAT CALCUTTA DAKON

EM D

COLUMBU STAIKEN

TUCHOW

KAMKUB)

EYEONG

BANKOW HAMBUN HUMBLEW

Boile

FUE

#YAK

SUMLOUX

BRANCHE:-

KUALA LUMPUR

LONDON

LYUNS

XALITA

MASHA

MUAR ĮJobore?

ZUEDEN

AEW YORK

PELPING

PENANG

DAIGON

Zamboanga

in Eng

Foreign Exchange and General Banking busine

Cu Acuate opened and Ped Depot erostred 200 one year or shorser persona si m

THE CHINA MAH. WEDNESDAY, AUGUST 5, 1936

and

Commerce

Finance

MINING SHARES

(Continued from Page 7.)

Can

to give out this information at this time, we cannot say, but in: the formation from the same source In this manner alone investing public be relieved from would have been a big aid to in- purchasing shares on exaggerated vestors if it was issued two months Consolidated rumours and reports put out for ago in regard to the benefit of speculators. This Mines. publication has repeatedly pub-

Shares in

Benguet Consolidated operates lished records of mining officials, Consolidated Mines. during the past year or so, who this company jumped from dess have used information received in than one centavo to a high of four their capacity as officials of a centavos a share during the past The market value company, in order to speculate in two months.

of the shares of this five million

which will be quoted on application.

The beaks and Uchos in Lesion wadtheir own securities.

Executor

business, and clucro. resuracy of Bersink incrine Taz ever

terms which say be moutainal at any of

A BREAKLEY,

Suencies and Branches.

HANGGON

SAN FRANCISCO

Manzyer. Hong Kong, 1st January, 1925.

DEANUMA

KINGAPURE

BULBAHAYA

SUNGEL PAZANI TIENTSIS

TUK YO

LOLEKICAU

YOKOHAMA

Creat comune opened in Latal Currency med Bad Dayonda received it was your of sacr sunds in Lecal Outreacy sad terting on tarko

applicat

KATH DUMP 45 4 CITY

JNCIONÁ KÓN TU LET.

Hong Kong, 24th February, 1986.

HONG KONG SAYINGS BANK

The Business of the stove Bank in, conduc

“20 by 10# HONG KONG AND SHASUNA.

ALRING CORPORISTION.

agad sa applisation.

YOR THE BUNG KONG AND SHANGHAI BABAING CURPURATION.

V. M. GRATBTEN.

Chu Menger-

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

$30,000.6001.18

sabrina Capita Bonecry and Lodivided Prodzanom à 2,086,06ÉT

READ_OFFICE:-HONG KO5o.

1. Das Vaux Hood, ConÁrni BOARD OF DIRECTORS :---

Hon. Sir Shou-son Chow, Chairmani Look Chus, Esq. 2. K. Kwok, Eng. Weng Im Long Ass, Ches Ching Shay, Eng, Lit

Wing Cha Don Bay and You Yine

A

1. Ea

The Tung H, Ing. Chist Hangin

Já Tan Song Laq, Manager.

BRANCHES AND AGENCIES

Melbo

New Look

SEKEEPERS

(Incorporated in, China) Head Ofor Shanghai

Capital Reserve

Claims

.$7,500,000.00 $1,500,00.00

L

It would be foolish to compare pesos concern increased to appro the present prices of stocks on the ximately twenty millions because Manila Stock Exchange with past of this appreciation in the value As Consolidated prices. Out of 27 stocks listed on of its shares. the Exchange, there are to-day ap-Mines has never been a produc proximately 20 operating coming company and has yet to prove panies that are producing where its true value, does this officia! heretofore there were only six or believe that shares of Consolidat- jed Mines are really worth four THE CHINA & SOUTH SEA BANK, seven producing companies.

centavos and that Benguet Con-" LIMITED ...

FOREIGN CAPITAL'S PART To-day, foreign capital as well solidated shares, which pay divi- as money from the sugar centres dends, are overpriced at the pre- in the provinces play a big part sent market Agure?

CLASS OF ITS OWN In the increase in prices which

is in a Benguet Consolidated Branches--All Important Cities in has taken place during the past

few months. It is utterly impos-class by itself in comparison to ̈ Foreign, Kashage and Sonora: Banking Bulmersible for any to state definitely the other mining companies Cures and Beving sucemarie speseed and that the present prices do not re-the Islands. They own approxi- Deponia mowed for our of shore perfect the true value of the shares mately two-thirds of Balatos, own

Cal Horr outright, besides having.) now being dealt in.

The only thing that possibly operating on a percentage basis could be said is that the present with "other producing companies. prices, in the case of a majority It is a well known fact, although of the stocks, are not justified by not good judgment, that regard- dividends paid to date. As most less of how much you pay for a of these properties are increasing dividend paying stock, that the their tonnage and milling cap-purchaser could not suffer a total acity, the present prices may be loss, especially in the case

shares. Consolidated more than justified six months Benguet from to-day.

which has paid many millions out in dividends and bonuses and still has large ore reserves on hand.

It is hard to say what was ber

al rules which will be quoted en naphtalina.

KHI L. CHAKO,

Sempat.

HONG KONG BELICA * De Vos Bood, Contrai.

Foreign Exchange Dept, —

Odes

Casline's Offos, ma

- Tel. 313as

THE WING ON BANK, LTD.

Head Office: Hong Kong 26, Des Voeux Road Central.

Authorized Capital $10,000,000

LONDON BANKERS:- Westminster Bank, Ltd.

FUTURE POSSIBILITIES The only criticism that can be made concerning to-day's specula-

of

It seems strange that the local to wreck something that thousands papers have repeatedly, during of well qualified men are trying the past week, published articles to build up, they went about it in in order to break down the very the right way. Luckily, their

created markets that they have

statements were not taken through their own columns Day ously by the majority of the in- after day, these papers print un vesting public, and so not much THE MERCANTILE BANK OF [founded and unconfirmed rumours harm was done.

Foreign Exchange and every cestor or investor is that he is buy-hind the statements issued daring czipton of banking builness transact

ing on future possibilities, and the past few days, but one thing Current Accounts and Savings Ae-this is done by investors the wide is sure... if it was in the minds of the authors of those statements counts opened. Fixed Deposita re world over. ceived at rates which will be quoted an application.

"Trusteeship & Executorship under baben. Safe Deposit Boxes for hire,

PHILIP COCK CHIN

m

Haskow

Curione

Pack

Pang

Hansson

Scan

TOKY

Xolo

Vandewer

Every Gouription of Bagikung - and Zaobange buckthorn Samanali. Legna graded on apposted

Cabrant Account oposud in Lonal Cervancy and Fland Deportiu cecerred for ons post or shorter ride in Lani 106. Farsigs Currencies A MAN WInk wil be qumad cu/application.

Main Umpeeth. Bot To L

EAN TONG YO

Chat Masagot.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1830-

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

Yen.129,150,000

Head Office: YOKOHAMA

Branches and Agencies-ef

Alexandria

Exagkok

Batavia

Bertin

Bombay

Calcutta

Cazion Dairen (Dairy)

NECAURKI

Chief Manager,

INDIA, LTD.

HEAD OFFICE:

15. Creadociande Street London, ECS.

Authorised Capital.£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital 1,050.000 Reserva Fund & Beat 1,247,830

BLKLVES:

The Bank of England & Midised Bank, Ltd.

BRAXCELSI

seri-

regarding this or that stock. One

OLD LAW STILL EXISTS The age-old law of "supply and of these papers published items about four mining companies demand" still exists in these Is- (which were all denied by officials lands, a point evidently over-look- of the various companies concerned during the past few days. The ed when a staff member of this price of everything used by man- publication tried to confirm the re-kind has always been set by this]

This condition of affairs ports. If the newspapers fail to law. verify rumours before publication. has existed since man first trad- how can the public help but beled for the bare necessities of life. thrown into a flurry everytime an It will probably exist far beyond item concerning a mine is publish the time of anyone living to-day. Nothing will ever stop members led.

SURPRISE MOVE

of the human race from trying to A high official of the leading turn a trade, and no law has ever mining company in the Islands been respected or obeyed by citi- issued a statement giving figures zens of any nation that interferes INTEXZST ad De Correct Anomale stỏ show that the stock of his com with their personal liberties. Fixed Deposit at Being that may be ascertained on applicatioD.

R. KENNEDY,

Bangook Bong Calentin

Ipea

Kota Bhar

Bumin Zip

Kala Lumpor

Hong Kong **WE

Kaunina (Padangi Xadre

DaBal Greile

GORG BORG BRANCH.

New York Penang Port Louis

(Mauritaani Bangoon

tal

Singapore

Mowry decription Banking and Exchange

Trandlen

Trustee and Esmarteryhipe undertaken.

7. Qua" Bond, Coatzel,

Hong Kong, 4th July, 1988,

Manager.

Moji

Nagor

New York Ozska Peiping Rangoon

"

PERSONAL

FUNDS

Yengtien (Mukden) Rio de Janeiro

Hamburg

Harbin

Hankow

Long Honolulu

Karachi

Kobe

London

Los Angeles

Manila

San Francisco

Seattle

Semarang Singapore Sourabaya Sydney Tientsin Tokyo

Shangbai

Tsingtan Tinekow

Interest allowed for Current Ac counts.

Deposits received for fixed periods

at rates to be obtained m applica-]

G. KISHINAMI,

HOLL

Manager.

Hong Kong, 3rd July, 1936.

THE

SHANGHAI COMMERCIAL- & SAVINGS BANK LIMITED - (Incorporated in China) Capital paid upps Capital Savings Dept. $600 Reserve, Savings Dept. $500,000

A Bank having as he mission

Hong Kong One

for your travels

You can change the money you must carry with you on your trip into "Personal Funds" spendable only by you and protected against loss or theft.

pany was not worth the price it

was selling at on that particular; day. What prompted this official

AMERICAN EXPRESS TRAVELERS CHEQUES

01

If they are lost or stolen, a prompt refund is made.

spendable They are

at stores, hotels, board steamers, in railway stations; in fact, almost anywhere where money circulates. Your signature is the only identification required.

THE AMERICAN EXPRESS CO., INC.

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

LOCAL DOLLAR STEADY

"Forward" Silver Up

The local dollar is steady, open- ing on demand this morning at 1/2-13/162.

"Spot" silver was steady at 191⁄2, while "forward" rose 1/16] to 19:9/16.

"The London on New York cross- rate was unchanged at. US$5011⁄2 while the New York jon London cross-rate was quoted at S-US$5.01%, as compared with US$5.01 11/16.

RAW RUBBER Buying Quotations From Ellis & Edgar

Delivery Ang. 8 Last-Price Change Spot 26-9/16 26-11/16 -1/8 OD. 26-15/16 27-1/16 JM: AJ.

27-3/16*27-3/16

27-3/16 27-11-16

PreMarket steadier.

SHARE MARKET

TODAY'S QUOTATIONS

following was the list of Jocal share quotations issued

Banka

M.K. Bank $1,590 6. cum. div. HF. Bank (London) £99 n. ex.

dir.

Chartered Bank $14% -

Mercantile Bank A. and E.

£31 1.

Mercantile Bank C. 414 n. Bank of East Asia $73 11.

Insurances

Canton Ins. $280 m Union Ins. $54714 n- China Underwriters' $1 n. China Fire Ins. $462 m. HK. Fire Ins. $250 ̧n. - International Asace. Sh.33 n.

Shipping

Douglases $30 1. H.K. Steamboats $4 b. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Bel) $50 2. Shells (Bearer) 102/6 n. Union Waterbosts $12 n.

Dockz, etc.

H.K. and K. Wharves $98 n. H.K. and W. Docks $144

14% sa 1) Providents (Old) $1.55 sa. Providents (New) 20 cts. The Hong Kew $185 New Engineering' Sh.$4 m. Shanghai Docks Sh.$85 n.

Mining

Kailan Mining Ad 10/6 m. Langkats (Single) Sh.35 n. S'hai Exploration Sh.$3 n. Shanghai Loans Sh$3 n. Raube $11.80 1. Venz; Gokifeld S4 b. Antamoks $5 så. Atoks 85 cts. b. Bagulo Gold $39 b. Balatocs $24.

b.

Benguet Consol $231⁄2 1. Benguet Exploration 35 ets. b..

37 ets. s.

Big Wedge 62 cts, S. · Consolidated Mines 5 cts. s. Demonstrations $1.55 sa- Ipo Gold 32 cts. Itogons $2.70 b.

LIL $2.97 sa

Mashate $1 sa.

Paracale Gumaus 74 cts. sa. Northern Mining 37 cts. n. Salacots Mining 12 cts. n. San Mauricio $2.3

2.80 $2.

Sayoc Consol-55 ets. n. United Paracales

1.84/2.10 ga

$2.05

Lands, Hotels, etc. HK and S. Hotels $5.10 n. H.K. Lands $331⁄2 DL

CANADIAN PACIFIC

NEXT SAILING TO VANCOUVER

VIA SHANGHAI & JAPAN.

EMPRESS OF RUSSIA

AT NOON, FRIDAY, AUGUST 7th

BOOK NOW FOR YOUR

TRIP HOME IN 1937

Kobe

Hong Shang-" Naga-

Yako-

couver aki Kong hai

bama Bonolele rectoria

Leave Arrive Leave Leave Leave Leave Arrie

E/Canada Jan. 26. Jan. 28 E/Rusada

Steamer

Jan. 31 Feb. 2 Feb. 9 Feb. 14 Feb. 27- Feb-12 Feb. 14 Feb. 16 Feb. 18

Feb. 28 Mar. 2 Mar. 8 Mar. 13 E/Japan Feb. 23 Fch. 25 E/Asia Mar. 10 Mar, 12 Mar. 14 Mar. 16 Mar, 18

Mar. E/Canada Mar. 19 Mar. 21:

May, 24 Mar. 26 Apr. 2 Apr. 7 Apr. 19 E/Russia Apr. 2 Apr. 4Apt. 6 Apt. 8. Apr. 10

Apr. 21 Apr. 23 Apt. 29 ̧ May 4 E/Japan Apr. 16 Apr 18 E/Asia

@May÷17°

Apr. 30 May 2 May E/Canada May 14 May 16 E/Russia May 28 May 30 June E/Japan June 11 Juze 13

4 May 6 May &

May 19 May 21 May 28 June "Z) 1 June 3 June 5 June 12 June 18 June 16 June 18 June 24 June

For Information Apply To Your Own Agent Or

Canadian Pacific

WORLD'S GREATEST TRAVEL SYSTEM

HONG KONG

LESS UNEMPLOYED IN BRITAIN

Decrease Reported

Last Month

London, To-day.

As forecast by the Minister of

a

was 69,000 more than a month before, and 481,000 more than year ago.

TEL. 20752

NEW YORK SHARE MARKET

Canadian Drought Not Relieved

STOCK IN STRONG HANDS

ia

Labour in the House of Commons Messrs. White, Weld and Com last week, the numbers of unempany, New York Correspondents b. $2.60/ployed last month were dow-bor Messrs. S. E Lery and Com

150,000. The Ministry of Labour Pay report

Stocks: The failure of the estimates, at July 20, that the number of insured persons in em-market to sell off further indicates

that stocks are generally ployment in Great Britain, exclu-| sive of agricultural workers, was strong hands. We expect a quiet This market for a short while and we approximately 10,895,000.

believe that purchases can be made, particularly on any...... re- cessions. We favour steel, copper, electric-equipment and At the same date, the numbers railroad,

An excel- of unemployed person's were 1-railroad securities. 652,072;

1.285,806 lent railroad authority says that wholly unemployed, 296,007 tem the Great Northern and North- porarily laid off and 70,260, nor-ern Pacific Companies are not as mally in casual employment. The adversely affected by the drought total was 50,604 less than on June as it was expected. Business done. b. 22. 1936 and 320,860 less than on 1,050,000 shares.

estimates of July 22, 1935. British Wireless

the Spring wheat crop. average. Service.

111,000,000 bushels and the win- ter yield. 522,000,000 · buskels.

H.K. 4% Debentures 105% b. Shanghai Lands Sh. 13 n Metropolitan Lands Sh. $10 a Humphreys 39 1

HK Realties $4 n. Chinese Estates $80 m China Realties Sh.34 n. China Debentures Sh.$60 mi

Public Utilities H.K. Tramways

$11.80.11.70 sa. Peak Trams (old) 61⁄2 Peak Trams (new) $23⁄41⁄4 n Star Ferries $90 1.

$11.70

Yaumati Ferries $20 n.

C. Light (Old) $1165 b. 1170/

11.65 st

C. Lights (New) $8

n.

H.K. Electrics $524 h. 521⁄2 82. Macao Electrics $20 n Sandakan Lights $8.30 n. Telephones (Old) $26% b. #Telephones (new) $8

China Buses Shel1⁄4 1 Singapore Tractions 29/- n.

Singapore Pref. 28/- n.

Industrials

n/

Malabon Sugars $91⁄2 n.. Cald, Marg. (Ord.) Sh$191⁄2.n. Cald, Macg. (Pref) Sh.$15 a. Canton Ides $21. Cements $9,60 b. HK Ropes $31⁄2 n.

Stores, etc. Dairy Farms $21 b. Watsons $3.60 n. Lane, Crawfords, $634 n. Mackintoshs $5 ̊n. Sinceres $3

comprising

Wheat:---Private

COMMODITY PRICES The corn crop is estimated" at

The following quotations have 1572,000,000 bushels The drought in the Canadian wheat belt is not been received by Reuter:-

relieved, whilst the domestic cata belt has received only negligible rains. Total sales: 61,625,000 bushels.

December“ January

Prev. Yesterday, Closing Closing

Cotton: The market appears to be discounting the materially It is likely higher, crop figures.

positions will be

that traders

well liquidated by the date that the Government Bureau report We would advise

purchases on any further de

COMBINED RETREAT

New York Cotton:

October

December

January

12.08 1189 12.10- 11.89 1186 12.10

March

12.09

11.89

May

12.10

11.89

July

12.091

11.871

Spot

12.86

12.63

}is: published.

New York Rubber:

September !October

16:44

16:32.

cline.

16.43

16.350

16.55a

16.40

26.561643n 16.65a 16.533 16.70a 16.58 16.750 ∙16.60m)

Chicage Wheat: --

September

December

May

115

Chicare Com

September

109

December

(old)

Sh Winnipeg Wheat:

October

Shanghai Cottons (new)

2393% 0.

Wm. Powells 40 cts. n. Wing: On. (HK) $50 n.

Catton Mills, Ewo Cotton Sh.$8 n. Shanghai Cottons

$70 1.

Zoong Sings £$18`z. Wing On Textiles Sh.$25 n.

Miscellaneou

Latest Quotations From Entertainments $290 z

Singapore

Messrs. E R. Joseph and "Co have ZECELred the quotations in Strait from Singapore for

Spot 26 b. Unchanged September 26

March..

May

July

Impressive Ceremony At Shamshuipo

113% 110

111% 114%

107% Sh December *1004

May

S. C. Enterprises $1.35 n.. Macan "GreyhoundsTM $2`n. Constructions (oki) $15% ni Constructions (new) 30 cts. b. Vibro Piting 22n

• Ch. 1Govt: 5% 1925 G#Bār

b. Down or

H.5. Govt. 4% Loan, $prem Oct-Dec 227 b. Down, Jan-March 27 b. Down 4 HE Govt 344%. Los par. b.

Wallace Harpers $4, 2°

108%

*TREASURY RETURNS

A stirring spectace was

PTC- 1127sented at Shamshuipo Camp yes- terday evening when the Band and 106 Drums of the Second Battalion, the East Lancashire Regiment, 94]

beld their frust-local combined re- Attired in white drill ul-

forms and spiked helmets, the two

1047 treat 103 1051

sections were under the direction of Mr. A. B. Yule, the Bandmaster, and Drum-Major E. Quilter.

A notable item was the combin- bated band and burle marchi “Sembre London, To-day. —Exchequer reet Meuse after which the whole turns show that the total ordinary body moved off to the troop in revenue, excluding self-balancing slow time to "May Blossom” This items, amounts to £184,473,589, was immediately followed by an compared with £192,688,184 at the australian corresponding date last year. The zred for total ordinary expenditure. --is ocession of

266,345,745, as compared with crea 1257,947,452 at the corresponding Aus date of 1935. - British Wireless allied to the Service

the East T

song, specially on the visit to Hong Kong 59th which is

tion of