1936-08-13 — Page 7

BANKS

THE CHARTERED BANK OF BANKING CORPORATION INDIA, `AUSTRALIA & CHINA

HONG KONG AND SHANGHAI

Authorised Capitai

-$30,000,000 || Incorporated by Royal Charter, 1953. lasued and Funy-Paid-up. 20,000,000 |

aveserve Funds:

Sterling

..£ 6,500,000

Hong Long Currency

Reserve ...............$10,000,000 Reserve Liability of Pro-

prietors

HEAD OFFRE: HONG KONG,

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

....£3,000,000 | „£3,000,000

Reserve Liability of Pro-

$20,000,000

prietors............

.£3,000,000

"Agencies and Branches:

Alor Sxac Liflanz

1pok

Rangoon

Ong

wwwspare

Naboering Surendra Shanghai Singapore SILAPA “Boutadaya

Medan.

Delha Kupbong

New York

Priping

PaDADE

Ionelak

**ing

BOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson.

1 15-Arttnned-

G. Miskin Esq-

سوالات

المعلومات العام

Hon. Mr. Wis. pelt, W.X. Masson Esq,be

.. Compton Esq, T. E. Pearce Esq. Coombe Hon. MES M. Dodwell

J. A. Plummer Esq.,burg

Hon. Mr. M. T. Johnson,

ANUL

A. L. Shields Esq., Hong Kong V. M. Grayburn, Esq.

خذ الباقة الباحة المسقط

2032531

CALCUTTA

LANTUN CHEDU

SULUMIDO VALBEN

OUCHOW NATPISUSU BAB BADAUN

BALLBIN

HONKEW

FOLLO

UH

JULURE

AUBE

AUWLOON

BRANCHES -

Atala LUNICA-

LONDON

LYUNS

Ant'A

MANILA

NLAULA NEW LUKE

LIPINU

PENANG

SOOTES

SAN FRANCISCO

SHANGHA

SINGAPORE

SULEIKATA

SUNGE PATANI

LIENTSIN

TUKYO

ISLUTAO

19KUHAMA

Current Accounts opened in Local Currency and; Fed you suceived toe one year of snörter Decode in Looel Currency and blering on terms whachy wat be quoted on application.

150 up to date SAFE DEPOSIT BOXES iz Yard as 10 LEL

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

Kerschi

King

Suais Lingue Кобиле

Lobohate

GMALIONIER

Foreign Exchange and General Banking beaumen raees

Current Accounts opened and Yised Deposite unted for one year or shorter paroda es reum winck wall - De quand on sppiseniceL

Láma a London wningiskos 1 am Zamak

bumukseen. Executor and

and CONACY OL British Janome Tea Grepaid ou Ca which may be anamernionó at ang để na Agencies and Branchen.

A BREARLEY,

Manager. Hong Kong, 1st January, 1935.

THE CHINA MAIL, THURSDAY, AUGUST 13, 1936

and

Commerce

Finance

LOCAL DOLLAR STEADY

Silver Prices Firm

`SHARE MARKET

TO-DAY'S QUOTATIONS

The following was the list local share quotations issued

of

to-

Banks

The local dollar is steady, open-day :— demand this morning ing 012

at 1/2-15/16d.

"Spot" silver" was steady atị 19-9/16, while "forward" was also firm at 19-9/16.

The London on New York cross- rate was quoted at £-U.S.$5.02. as compared with £-U.S.$5.201⁄4, on London while the New York cross-rate was quoted U.S.$5.0235 as compared with

-U.S.$5.02 7/16.

at

L

REICHSMARK QUOTATIONS

Reichs- Berlin. To-day.---The mark was quoted yesterday with- out guarantee at: New York, 4023; Paris 610.5; Amsterdam, 59.23;

Paris quoted:

76.26 to THE CHINA & SOUTH SEA BANK, and London, 12.48.

the Pound sterling at 76.29, and the U.S. dollar at 11-18

LIMITED

(Incorporated in China) Head Office-Shanghai Capital

.$7,500,000.00 Reserve

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

pazzestoken]

China

Madag

Formigs, Lachange and General Banking Business Current and daring Aounts opened and Færd Deposita reputed for was zeer or shurter periods st rate which will be quoted was appiration.

Z CHis.

HONG KONG BRANCH: 24, Dos Voux Bond, Crial. Manager's Office kuirs may DR.

Foreign Exchange Depl Gestremd Oce Cashier's Otice.

The Busines of the shore Bank is condu-i

ed by the HONG KONG AND SHANGHAI EANSING COMPORATION.

ubtelned on application.

FOR THE HONG KONG AND SHANGHAI, BANKING CURPURATION.

V.M. GRATBURS,

Chief Manager.

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

Ausbond Capaldi

----------₤10,100,

veris sail Ludasided Imable KANALIZ

ALAD OFFRE:-HONG KONG.

19, Lea Lerowd, Coutra, - BOARD OF DIRECTORS:-

Hon. Sir Shou-son Chow, Chairman. Lakow Cut, Eng. P. K. Kwak, Esc.. Wong Sales Eve, Wang Cuba, Eny and Lan Ying

Sawy

Ka Tung lo, Esq.. Chiel Manager. I've dong, Eni NavaJNE.

BRANCHES AND AGENCIES:-

Manila

Neule

Matavim Booking

Molinarss

Saczanki

Siwaghai

f.

New York

po

Uska

Rajahong

Hame

→WKQW

T

Iraunk jango

·Imbosu

Tintain

Talgun

Tokyo

24 Franci

VADOUTER Yokohama

Hashow

Hind

Asakus

kuwigon Loudon

Sydney

Every description al Banking and Exchange banana tratumacia:da Lamps graced an approved. securities.

Local Cheronry

Current Secounts opcard in

and Fixed Deponte received fur ous Fout the burter perioda in Local and Foreign Currencaca www.wach wayuused on application.

Sale Degas Buses To Last.

KIẦY TONG PO, .*

Chiel Manager,

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Head Office: YOKOHAMA

ed.

Tel. 25365

ذيرات المالية

THE WING ON BANK, LTD.

Head Office: Hong Kong

26, Des Voeux Road Central

Authorised Capital $10,000,000

LONDON BANKERS:- Westminster Bank, Ltd.

to 11.183.-Trans-Ocean Service.

TEXTILE TRADE IN

THE D. E. I.

[Continued from Page 4)

leading idea was to preserve af traditional domestic craft from degeneration and decay; there did not seem to have been any systematic study of the econo- mic position and possibilities of the weaving industry.

even

But at Bandoeng the Dutch study wearing as a commercial proposition. They are beginning to attract Dutch: The factory at capital. Padang has already been men- tioned. The large factory at with 300 looms is

Foreign Exchange and every des Garoet cription oftbanking business transact-managed on behalf of a Dutch Current Accounts and Savings Ac-firm by a former head of the Fixed Deposits, re- Bandoeng Institute. Counta - opened. ceived at rates which will be quoted At the same time the Insti- on application.

Trusteeship & Executorship under-tute supplies the native weavers taken. Safe Deposit Boxes for hire,with good loams, good dyes, and good yarns, importing the material in bulk and selling the! produce to the weavers at cost price,

the else putting or weavers into direct connection with the Dutch firms which im- AMERICAN EXPRESS COMPANY, port the material that they

PHILIP GOCKCHIN, - Chief Manager.

THE

INC.

Tiruppurated, with Lomited Liability in Lib

Head Office:--55, Broadway. New York

Capital Surplus Reserves

Į

.L.SE6,000,000.00 *2.240.344.38

BRANCHES:-

Anwendunt Getwe

$

Ache

Glow The Hague

Heathe

Ha

arre Heidelberg lat-raken

Lowerpo

Влако

Lusir... Burmilton Monte Carlo

Satu

Mamila

require.

897,612.65picion.

301

Nume

Patin

Kustuti Rene Shaghar

Regard

Turn

B

VIRB4 Amazon

- Zurich

Eye On Home Trade. The Institute definitely aims at capturing the home trade for local people, and one can under- stand that at first the import houses looked on it with sus- But the experience of Houten Steffan and Co., has shown that Dutch firms can make money by promoting local! enterprise. And ..the -in- digenous population find the new methods so profitable that at the Jokya School recently there were 70 applicants for 15 vacancies.

The depreciation of the yen, | however, has created a very

serious

the position. and Japanese competition is press- Branches of American Expressing very heavily on the rising Company in Principal cities of United industry. They are quick to States of America and Canada.

15plin

·Dezidalmas

Jkranti

Ye129,150,000

+

У молоднять

<

C

Dabler

Edicborgh

Branches and Agencies at

Lieneva

Alexandria

Moji

Bangkok

Batavia

Nagasaki Nagoya

Berlin

New York

Bombay

Osaka

Calcutta

Paris

Canton

Peiping

Dairen (Dainy)

Rangoon

Hamburg

San Francisco

Hankow

Seattle

Harbin

Semarang

Hong Kont

Honolulu

Shanghai Singapore

Hainking

Sourabaya Sydney Tientsin Tokyo

Tsingtau

Yingkow

Fengtien (Mukden) Rio de Janeiro

Karachi

Kobe

London

Los Angeles

Mayila

Interest allowed for Current Ac

counts,

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

G. KISHINAMI,

Hong Kong, 3rd July, 1986.

Manager

THE SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED (Incorporated in China)

Capital paid up

Beserves

$5,000,000. $7,500,000

Capital Savings. Dept $500,000

Personal investment accounts hand-

led.

H.K. Bank $1,580 s. and sa. HE. Bark (London) £101 n. Chartered Bank $15 a Mercantile Bank A. and B

31%.n.

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

Insurances

Canton las: $260 . Union Ins. $547% b., $550 sa. China Underwriters $1 China Fire Ins. $462 H.K. Fire Ins. $235 b. International Assçe. Sh.331⁄44 n. Shipping

Douglases $30 n. H.K. Steamboats $4 n. Indo-Chinas (Fre£), $30 a. C Indo-China (Def) $20 1 Shells (Bearer) 104/41⁄2 z. Union Waterboats $12 n.

Docks, etc.

HK and K Wharves $94 b. HK. and W. Docks $14.20 33. Providents (Old) $1.55 n. Providenta (New) 20 cts. n. Hour Kew $185

New Engineering Sh.34 n. Shanghai Docks Sh.385 m.

Mining

Kailan Mining Ad. 10/3 n. Langkats (Single) Sh.$5 S'hai Exploration Sh.$3 n Shanghai Loans Sh.$3 n. Raubs $11.30 n. Venz; Goldfield $43⁄41⁄2 b. Antamuks 854 n. Atoks $1.04 5. Baguio Gold 37/61% cts. S Balatoes $24 n.

Benguet Consol $231⁄2 n. Banguet Exploration, 39 cts. b.

40 ets. sa.

Big Wedge 68/70 ets. sa. Consolidated Mines 8% cts. b.j

7/7 cts. sa. Demonstrations $1.60/1.58 sa. Ipo Gold 33 cts. sa. Itogons $273 sa. 1.X.L. $2.80 5.

Masbate $1.031⁄2/1.08 sa Northern Mining 45/46 sa. Paracale Gumaus 95 cts. n. Salacots Mining 18 ets. s.

San Mauricio $3.10/3.20 sa. Suyoc Consol. 57/58 cts. sa, mi United Paracales $2.14/2.18 sa. Gold Greeks 55 cts. n. Gold River 10 cts, s..

Landa, Hotels, etc. H.K. and S. Hotels $1.80 s.

HK Lands $33. HK 4% Debentures 105% n Shanghai Landa Sh.$13 m. Metropolitan Lands Sh. $10 Humphreys $9 11.

H.K. Realties $41⁄2 ni Chinese Estates $80 n. China Bealties Sh44 n. China Debentures Sh.360

Public Utilities H.K. Tramways $11.30 h. Peak Trams (old) $61⁄2 n. Peak Trams (new) $2. Star Ferries $90

Yaumati Ferries $20 n.

NEW ADVERTISEMENTS

PUBLIC AUCTIONS

THE Undersigned have received instructions to sell by Public

T

Auction

on

Friday, the 14th. August, 1936 commencing at 11 am.

at their Sales Room,

Duddell Street

1.500 Sheets Sta.

341,3 Dozen Heels and Soles.

27 Sacks Flour.

1 Piccie Rubber Water-proof]

Cloth.

7 Cases Shoe Polish.

2 Cases Motor Car Indicators.

3 Cases Wooden Beer Taps.

1 Case Steel Files.

2 Cases Thermometers.

3 Sets of Safe-Deposit Vaults.

and

A Quantity of Sundry Goods and Household Furniture.

Terms: As Customary.

LAMMEET BROS.

Auctioneers. Hong Kong, 13th August, 1936.

T

THE Undersigned have received instructions to sell by Public

Avetion

姐

Friday, the 14th August, 1936, commencing at 2.30 p.m.

at their Sales Room, No. 95 Hankow Road, Kowloon A Quanfity of VALUABLE HOUSEHOLD

FURNITURE

comprising:-

Black Wood Ware, Teak Dining Room and Bed Room Furniture, Ornaments, Glass and Porcelain Ware, Brass and EP. Ware, Cut- lery. Office Furniture, Pictures, Rattan Furniture, etc. etc.

On View from Thursday, the 13th August, 1936.

Terms: Cash on Delivery

LAMMERT BROS.,

Auctioneers. Hong Kong, 13th August, 1936.

NEW YORK SHARE MARKET

Expanding Volume Of Trading

FURTHER IMPROVEMENT IN PRICES EXPECTED

Messrs. White, Weld and Com-j- pany, New York Correspondents for Messrs. S. E. Levy and Com pany, Report:— ⠀

Stocks: We expect a further in- provement in prices with a gradu- ally expanding volume of trading. The market to-day advanced and was fairly active under the leader- ship of industrial issues. Business {done: 1,260,000 shares.

Cotton: There have been fur- ther undesirable rains in the East and record heat continues in Texas and Oklahoma. Considerable de- terioration has been privately re- ported, whilst there are numerous crop seares.. We would advise purchases, but we would avoid

C. Light (Old) $111⁄2 b. TÏ65 8. bulges. The weekly Government C. Lights (New) $8 H.K. Electrics $524

Sa

b., $52%

b copy new designs and import All classes of Commercial Banking imitations at rates which some-

times undersell the local pro Transactions undertaken.

duct.

Trade marks have not given satisfactory protection. The The Company offers to intending Padang mark "Coffee" and the "Paddy" are Travellers the use of its "Traveller Garoet mark Cheques" and Letters of Credit and, known everywhere, but the in addition, the world-wide services Japanese

have

sometimes

of its thoroughly equipped Travel imitated them, and there have Department.

been cases even of imported goods being marked "Bikinan General Manager. de Djawa" (Produce of Java).

Tokyo in Three Days

CH BENSON,

It has been found that, if] (Continued from Next Column) new inventions in the Institute are reported in the Press, par- system has been suggested as ticulars reach Japan within the only means of protecting three days, and silence is now local industries. But they regarded as the safest policy. seem to enjoy a certain amount Also measures have been taken of natural

The to tighten up the trade mark protection. fashion in patterns changes legislation.

The quality of very quickly, and the produc tion of one pattern, on a large goods is often inferior, but the scale would swamp the market, low price is a great attraction, This gives an advantage to and quality is often overlooked. sarongs, the weavers working with small As regards factories and in intimate touch Japanese have an advantage in large-scale production. But

Reserve Savings Dept. $600,000.with the consumer.

Head-Office-Shanghai

A Bank having as its mission the industrial development on China and the fostering of her commercial relations abroad. Hour Kos

Office

Queen's Road Central

Phone 31116,

Japanese

In some lines the Institute the difference in quality and the and the local factories can still economies of large-scale pro- manage to hold their own, and, duction do not sufficiently ex- if they can survive the present plain Japanese prices.

The introduction of a, quota struggle against adverse eir- cumstances, they will be (Continued at foot of preceding

Column) stronger for the fight.

Macao Electrics $20 n. Sandakan Lights $8.30 n. Telephones (Old) $261 b. Telephone (New) $8.65 n. China Bases Sh$114 m. Singapore, Tractions 29/- n. Singapore Pref. 28/- n

Industrials

Malabon Sugars $91⁄2 1. Cald, Macg. (Ord) Sh$19 Cald, Macg. (Praf) Sh.$15 Canton Ices $2. Cements $9.65. HK. Ropes $311⁄2 n

Stores, etc. Dairy Farma $21. n. Watsons $32 B Lane, Crawfords $63% a.

Mackintoshs $51.

weather report indicates drought! in the West and too much rain in the East. This is construed as a bullish factor.

Grains: The five-year average

of United States crops indicate:

n. been appreciably

CANADIAN PACIFIC

NEXT, SAILING TO VANCOUVER VIA SHANGHAI, JAPAN & HONOLULU,

EMPRESS OF JAPAN

AT NOON, FRIDAY, AUGUST 21st

BOOK NOW FOR YOUR

Steamer

TRIP HOME IN 1937

saki

Van-

CONTOR

Bong Shang- Naga Kobe Yoku. Kong hai

barua Eepolala Victoria

Loure Arrive Leave Leave Leave Leave Arrive

E/Canada Jan. 26 - Jan 28

Jan. 31. Feb. 2 Feb. 9 Feb. 14 E/Russia

Feb. 12. Feb. 14 Feb. 16 Feb. 18

Feb. 27 E/Japan Feb. 23 Feb. 25

Feb. 28 Mar. 2 Mar. 8 Mar. 13 E/Asia Mar. 10 Mar. 12 Mar. 14 Mar. 16 Mar. 18 · · Mar. 27 E/Canada Mar. 19 Mar. 21

Mar, 24 Mar. 26 Apr. 2 Apr. 7 E/Russia Apr. 2 Apr. 4 Apr. 6 Ap. 8 Apr. 10

Apr. 19 E/Japan Apr. 16 Apr. 18

Apr. 21 Apr. 23 Apr. 20 May 4 E/Asia Apr. 30 May 2 May. 4 May 6 May & ** May 17 E/Canada May 14 May 16

May 19 May 21 May 28 June 2 E/Enssia May 28 May 30 June 1 June 3 June 5 June 12 June 28 E/Japan June 11 June 13

June 16 June 18 June 24 June 2

U

For Information Apply To Your Own Agent Or

Canadian Pacific

A

HONG KONG

THE LATEST AND

TEL. 24752

MOST POPULAR RECORDS.

COLUMBIA PATHE REGAL

BY WELL KNOWN ARTISTES

HILDEGARDE-TURNER LAYTON

LUCIENNE BOYER-LES ALLEN

ALBERT SANDLER.-B.B.C. ORCH.

MANTOVANI-MARIE BURKE

JAN KIEPURA.—HARP LORENZI.

THE ANDERSON MUSIC COMPANY, LTD.

Phone 21322

Ice House Street

G. FALCONER & CO. (HONG KONG) LTD. WATCHMAKERS, & JEWELLERS, DIAMOND MERCHANTS. UNION BUILDING (opposite G.P.O.)

Agente for:-ADMIRALTY CHARTS, ROSS' BINOCULARS and TELESCOPES, KELVIN'S NAUTICAL INSTRUMENTS, ENGLISH SILVERWARE Direct from Manufacturers,

High Class English Jewellery.

COMMODITY PRICES

WHOLESALE PRICES London. To-day-The Board of The following quotations have Trade index number of wholesale

The carry-over in New York Cotton: the United States is now normal,October but the Canadian carry-over

Wheat: 861.000.000 bushels; Corn: been received by Renter:--- 2,553,00,000 bushels; Oats: 1,215,- 000,000 bushels and rye 28.000,- 000 bushels.

Prev. Yesterday Closing Closing

11.78

has December

11.80

11.96 12.02

Ac-January reduced. cumulation of holdings is advised. March especially in wheat, during the May. hedging season..

11.82

12.030

11.86

12.11

11.39

12.11

Total sales

ofjJuly

11.85x

12.07

wheat: 41,885,000 bushels.

Spot

12.42:

12.60

16.17a

16.15

16.190

16.18

16.27

16.26

16.30

16.291

16.38

16.38a

16.47

16.55n

16.47a 16.531

per Chicago Wheat:-

September

108%

December

108

May

108

1094

Chicago Corn:

104

106%

December May Winnipeg Wheat: b. October

December

90%

9834

972

1 May

99%

101

Flash: Average* crude oil pro- New York Rabber: duction for the past week is esti-September mated at 2,964,000 barrels as October compared with 2,948,000 barrels December

January the previous week.

The Edison Electric Institute March

· Sinceres $3 1. Wm. Powells 40 cts. n.

estimates electricity production for May July Wing On (HK) $50 n.

the past week at 2,075,000,000

143 Cotton Mills

kw.h, an increase of Ewo Cotton Sh:$73 x.

cent over the corresponding period Shanghai Cottons

(old). Sh of last year. $70 n. Shanghai Cottons (new) Sh

$991⁄2 1 Zoong Sings £$18 n. Wing On Textiles Sh$25 n.

Miscellaneous A Entertainments $290 n... 6. C. Enterprises $1.35 n.

Macao "Greyhounda” $2 D. Constructions (old) $132 2.

Constructions (new) 30 cts. b. September Vibro-Piling 2 3.

Ch. Govt 5% 1925 G/Bd.

92% b

H.K. Govt. 4% Loan 6% prem.

Wallace Harpers $4-n-

prices in July is the highest re- corded since November 1930. The rise of index amounted to 1-1 per cent, compared with the previous month, and 6.2 per cent., compared with July, 1935-British Wireless Service.

BRITISH IRON PRODUCTION

London, to-day-The produc- tion of pig-iron in July amounted to 661,100 tons, compared with 644,100 tons in June and 547,300 tons a year ago. The production of steel ingots and castings last month was 974,100 tons, compared with 965,900 tons in June and 1104 803,300 tons in July 1936, British 110% Wireless Service.

94% The 1 following telegrams are

90% lying at the office of the Great Northern Telegraph Co. Ltd. 100% Mr. Fred Stratford, sz. Changte, 99% from Kobe: and Chung Man-shek,

1415 B.W., from Kobe.