1936-11-18 — Page 7

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital

$50,000,000

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

Sterling

HEAD OFFICE: HONG KONG.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorpametal, der Bapak Cheese, JEL

HEAD OFFICE: LONDON

Agencies and Branches:

Reserve Fundaz——

..$ 6,500,000

Hong Kong Currency

Paid-up Capital

Reserve

$10,000,000

Reserve Fund

_$$,000,000 £3,000,000

Reserve Liability of Pro-

prietors

$20,000,000

Reserve Liability of Pro--

prietors

„£3,000,000 |

Alor Star

Bengoats

Amri

Baigo

Semarang

Batavia Bouba

Seremban

Kanting

Comaporn Cibe

•

Manis

Luping

Chemba Daki

Kedun

Now Toch

! Haphong

Hap Babary

Pakping

Pacing Penang

Zamboanga

BOARD OF DIRECTORS.

Hon. Mr. J. J. Paterson

་

Chimen

G Miskin Eage

Deputy Charmed.

J. E Hamon Esq,

A. EL. Compton Esq, L. E. Pearce Eag,

Hon. Mr. S. M. Dodwell,

J. A. Plammer Esq.

Hon. Mr. M. T. Johnson,

*NOT

AL. Shields Eaq..

V. M. Grayburn, Esq.

BANGTOK

BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO

COLOMBO

Chint Manage

BRANCHES

LONDON

LTONS MALACCA

MANITAA

MUAB HOMECO)

MEDIA

NEW YORK

Barbia Hang Img

Fode

Kasin Jumper lingspom

Foreign, Fachmaga and General Banking buslases

transected.

Cermes Accouze opened, and Fined Deposite roved for the year or sharing · pacioda at palen. which will be quoted on application.

basimom, and elnissa

THE CHINA MAH, WEDNESDAY

Commerce and ADVERTISEMENTS

NEW YORK SHARE MARKET

Large Volume Of Business

REMARKABLE RECOVERY SHOWN

Messrs. White, Weld & Com pany, New York Correspondente for Messrs. S. E, Levy & Com- pany, report:—

Stocks: There was a remarkable recovery to-day, largely in low- The Bank's East Offos in London sadar priced issues. Exmomiar wod Frankes

The large volume Recovery of Beitiak Income Tax wwwpaid on of business transacted beton which may be moutained at any of dim

exceeded 1Agencies sod Branchen.

the technical proportions of the A BREARLEY,

market, bringing industrials new high levels. Although rails have shown only 50 per cent of the technical rebound, the move- ment is likely to go further and

PESPANG

DAIKIN

PENANG

KOOCHOU

INGOOK

FAIPHONG

"

SALOON

Manager. Hong Kong, 1st January, 1985.

SAN FRANCISCO

HASKOV

BARRIN

HOM

HAILO.

КНОВЕ

KOBA

KOWLOON

KUALA LUMPUR

SHANGHAI

BINGAPORE

SOURABAYA

SUNGE PATAXI

TIENTSIN

JULYO

TSINGTAO

Caprons &conasia opened in Local Catramay sad: Mammary and Bharing en sete vod de pès your or sharine

which will be quoted on, application.

in

4580 19 = a SATT DEPOSIT BOZES in Mariona vile TO 12.

Hong Kong, 24th February, 1938.

HONG KONG SAVINGS BANK

Pha Busiasm of the shore Bank in sanduck- AND SHANGHAI od by the TONG ZONG BANKING CORPORATION, Bode By 46

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. X. GEATECEK,

Hong Kong, 24th February, 1936"-

THE BANK OF EAST ASIA, LTD.

Autherland Capital

$10,800,000,00 Paid op Capit

5.500.000 20 Basin and Cudividid Proóte ————$ 2,800, 305.67

HEAD OFFICE-HONG KONG.

to

THE CHINA & SOUTH SEA BANK, industrials may be purchased with

LIMITED

(încorporated in China)

Head Office Shanghai -

Capital

$7,500,000.00 -$1,500,000.00

Branches -- All Important Cities in

China

Foreign, Kaolewage and Cinooral Booking Business

Guzman and Baring Locmunde opsoet sol Fiond Depronte mortal for one year de nueve y në, pakng wkiek wilt lag goond en upplestias-

BOU Z CHING.

HONG_LONG_ERANCH:

2. Der Taux Bowl, Cucchi).

Massagar"ı 000

Farsign Emhange Dept. - nem

Chaser) Dis Canisint's Offi

Tel. 300M

32647

THE WING ON BANK, LTD.

Head Office: Hong Kong 26, Des Voeux Road Central Authorised Capital $10,000,000

LONDON BANKERS: Westminster Bank, Ltd. Foreign Exchange and every des cription of banking business. transact (ed.

stop-loss orders fairly close to pro- tect against a secondary reaction. Business done:-S,270,000 shares.

Cotton: Continued good exquiry on the cotton-goods markets is the mainstay of the market for the raw material Prices to-day continued to be well supported, with good domestic and foreign demand.

Wheat: The domestic situation continues strang despite the de- pression on the foreign markets caused by good crop reports. We are still bullish for the long out- look on the nearness of the supply and demand situation and we would accumulate on any marked declines. Total sales:-28,798.000 bushels.

Cor: Other than the light stocks in Chicago, there is little to account for the resumption of have increased, the cash position aggressive buying to-day. Receipts

is easier, the weather is favourable Current Accounts and Savings Ac-and further liberal purchases of Kang. Reg. Wong Chu Son, E. and Kar Tceived at rates which will be quoted led States; these factors, however, Tun Tong Eng. Clan Cling Sask. Egy a counts opened. Fixed Deposits re-Argentine corn are due in the Unit-

23, Dua Vaux, Bond, Central.

BOARD OF DIRECTORS:—

Hoa. Siz Shou-son Chow, Chairman.

Icon Chua, Esq. P. L. Twok. Ing. Wong

Ing.

** The Fong, Raj, Manager.

** BRASCIRES AND AGENCIES S

kuunot

Bateria

Mandia

Malbourne Nagmaski

[on_application.

Trusteeship & Executorship under taken. Safe Deposit Boxes for hire

PHILIP GOCE CHIN, Chief Manager.

Seattle

Bombay

Calumma

New Look

Samsung Kbangkan Sexpupien

Canton

Haiphong "

Paris

Fa

Paiping

Monotyles

PAME

SO F

Sydory

Zienrain

Vancouve Yokohama

THE MERCANTILE BANK OF

Every description of Banking and Exobangs

Leman grant on approved ;

Current Amounts opened in Local Currency and Plzed. Depozita zossíved_for_one_game de aborier parlato ka Local and Farwigs Chizencies Un wens which will be queret an appliant.

Bata Deposit Bonus Za žel

*W TONG 20.

....- Chad Kaznger.

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Reserve Fund

„Yen.190,960,000

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria Bangkok Batavia

Berlin

Bombay

Calcutta

Canton

Hoji Nagasaki

Nagoya

New York.

Osaka

Obru Paris

Dairen. (Dainy) Peiping Fengtien (Maiden) Rangoon Hambert

Harbin

Boar Kont

Honolulu

Bsinking Karachi

Kobe

London

Rio de Janeiro

San Francisco

Seattle

Semarang

Shanghai

Singapore

Sourabaya

Sydney

Tientsin

Los Angeles Manila

Tokyo.

Tsingtan

Yinstow

Interest allowed for Current- Ac counts.

Deposits received for fixed periods st rates to be obtained on applies-

Han.

"I. KANO,

Manager.

- Hong Kong, Lộth November 20

THE

SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated in China)

$5,000

Capital paid up

Beserves

Capital Savings Dept. $500,000. Reserve Savings Dept. $880,00G

Head-Office--Shanchal

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

Hong Kong Office

6, Queen's Road Central

Phone 11.16.

INDIA, LTD.

HEAD OFFICE:

15, Gandharek Elemet, London. X-CB. Authorised Capital...£3,000,000 Subscribed. Capital 1,800,000 Paid-up Capital

...... 1,050,000 Reserve Fund & Rest 1,247,830

MAKKEES

·The Bank of England & Midiand Bank, IAL

BRASCHTES:

Ipoh

Bangkok

Bombny

Loody

Calcula

Кикий

Kota Bharu

Daiki

Gella

Hang Long

Howrah

Xusiai

Kuala Lumpur

New Took Penang -Port Louis

*43maritius) Sad Cook Shanghai

Kosten (Pahing) Simin

Singapore

HONG KONG BRANCH Every

dameription of Banking and Exchange

Cremalines Cheguan fasted.

balanced

Trosis and Exsenimships undertaken. INTEREST allowed on Current Accounis and Fixed Deponite at Rades tầmủ tony ha macertained on application.

E. KDNKEDI.

7. Qowen's_Bend, Captai

Hong Tranh đánh Anh. T

Finance

LOCAL SHARE MARKET

TO-DAY'S QUOTATION

The following was the list of local

share quotations issued yesterday.

Banks HK. Bank $1685 b. & an HK. (Lon. Reg.) 107. Chartered Bank £15% n. Mercantile Bank A. and B.

£3214 IL

Mercantile Bank C £14% Bank of East Asia $83 n.

Insurances

Canton Ins $263 h.

Union Ins. $500 b.

China Underwriters $1 n. H.K. Fire Ins. $255 n. International Assce. Sh. $31⁄4 n

Shipping

Douglases $30 n. H.K. Steamboats $5 a. Indo-Chinas (Pref) $35 z. Indo-Chinas (De) $36 Shells (Bearer) 118/9 n. Union Waterbosts $10% n.

Docks, etc.

HK and K Wharves $109 n. HK and W. Docks $14 n.

Providents (Old) $2 z

Providents (New) 20 cts. a. New Engineering Sh.$4 n. Shanghai Docks Sh.8811⁄2 n.

Mining

Kailan Mining Ad. 15/- 1. Raubs $13.70 62.

Venz. Goldfeld $5 b.

Lands, Hotels, etc. H.K. and S. Hotels $6 s. HH Lands $381⁄2 #-- HK 4% Debentures 105% Shanghai Lands Sb. $13 m. Metropolitan Lands Sh.$10 n. Humphreys $94. b. H.K. Realties $5% + Chinese Estates $78 China Realties Shiin. China Debentures Sh$60 n

PHILIPPINE MINING

Antamolcs

in- have had, only a temporary fluence on the market and, with

class strong

buying disclosing: numerous stop-loss orders, a sub-toks sequent up-turn in prices was Baguio Gold brought about.

Closing Rates

Sales 10 am, Local En Pesos Currency

3.90

56

Balatoe Mining Benguet Consol

15%

14%

281

46

04

OT

59

1.75.

180

47

914

$2

Rubber: The market continued Benguet Explor firm on the strength of the mar- Big Wedge kets abroad. Scattered commis- Consolidated Mines sion-house selling was absorbed by Demonstrations buying on the part of dealers.

Ipo Gold

IX L Itogors

Masbate Consol,

Northern Mining Paracale Gumans

**90*

Flash: The Southern Railway shows earnings for the 9 months ending September 30th. of $1,640. 832. compared with 3 loss

of Salacot Mining |$2,975,278.for the same period of San Mauricio

2.70 Suryoc Consol. last year.

55 United Paracales... 160

Public Utilities H.K. Tramways $1180 64 312)

Bring Your PRINTING *Problems to Us

THE NEWSPAPER ENTERPRISE LTD.

MARA, MAIL KRS-

AMERICAN EXPRESS

COMPANY

TRAVELERS CHEQUES

IN US. DOLLARS

AND STERLING

CAN BE CASHED

THE WORLD OVER

THE AMERICAN EXPRESS CO, INC.

Incorporated with Limited Liability in U.S.A.

No. 4, Des Voeux Road, Central.

S2.

Peak Trams (old).$61⁄2 n. Peak Trams (new) $2% n. Star Ferries $9274 b. Yaumati Ferries $25 b." C. Light (Old) $13.65 n. C Lights (New) $10. HK. Electrics $52/52 sa. Macao Electrics $20 m Sandakan Lights $8.30 n Telephones (Old) $283⁄41⁄4 b. Telephones (New) $10.65 n.

CKS SOCIETY OF HỒNG TỪ

PENUTICE

SEVENTE

ANNUAL

1. GENERAL MEETING will be

held in the JACOBEAN ROOM HONG KONG HOTEL at 5.30 pm.) on THURSDAY, 19th November, 1936.

BUSINESS

(1) To receive the Annual Re

port and Statement of Ac- counts for the year ending 30th September, 1936 (2) To elect Officers for the en-!

suing year.

B. H. C. HALLOWES,

Hon. Sec.

PUBLIC AUCTION

THE Undersigned have received Tinstructions to sell by Public

Auction.

on

Friday, the 20th. November. 1936) commencing at 230 pm.

at their Sales Boom. No. 35 Harlow Road. Kowloon A Quantity of VALUABLE HOUSEHOLD

FURNITURE

Comprising

Black Wood Ware, Teak Bed Room & Dining Room Furniture, Drawing Room & Office Furniture, Pictures, Cutlery, Ornaments,

Glass & Porcelain Ware, E. P. & Brass Ware, Enamel Bath, Elec- tric Table Lamps, Curios, etc, etc also

One Radio Set.

One Radio Gramaphone. On View from Thursday the 19th November 1936.

Terms: Cash on Delivery.

LAMMERT BROS..

Auctioneers.

Hong Kong, 18th. Nov. 1936.

LOCAL DOLLAR STEADY

Silver Prices Rise

November 17. The local dollar is steady, opening Oa demand - this morning at 1/2 %.

"Spot" silver rose 3/16 to 21. while "forward" also rose 3/16 to (214

SAILING TO

MANILA

EMPRESS OF RUSSIA

NOVEMBER 20th

HONG KONG

TO

"PACIFIC COAST

17 DAYS HONG KONG TO VANCOUVER

via the Direct Express Route

18 DAYS HONG KONG TO VANCOUVER

via Honolulu, the Paradise of the Pacific”

29 DAYS HONG KONG TO UNITED KINGDOM (via direct connecti

EMPRESS OF RUSSIA

SAILS FOR VANCOUVER via SHANGHAI & JAPAN

AT 6 AM

NOVEMBER

WEDNESDAY,

25th

For Information Apply To Your Own Agent Or

Canadian Pacific

SPANS THE WORLD ---

Tel. 20752

PRIVATE ENTERPRISE Many inventors and business

AND SCIENCE

-(Continued from-Page 4)

organisers have contributed to the development of electric transportas tion as it is to-day, but few åre so well remembered for their work as Franic-Julian Sprague.

While

in England in Sprague considered the possibility

1882

Electric Transportation Millions of persons each day of operating the London district ride to and from their work and railway electrically, first planning The London on New York cross upon other missions as rate was quoted at £US$4.58%, electric street cars,

well in the use of the main and working as compared with U.S.$4.89, been developed directly from the f

which have conductors, the latter to be carried while the New York on London first horse-drawn street

between the tracks, with automatic cross-rate was quoted at New York City, a marvellous con- US$4.88-11/16, as compared with veyance of 1832. (£ U.S.$4.89-1/16.

1

car

COMMODITY PRICES sent-day trolley cars of the city tween two contact planes, the ter-

and

of means for maintaining tension.

Free Movement But to meet the complication of Electric transportation, which switches he later conceived the takes into consideration the pre-idea of a car moving freely be streets, the elevated

other minals of a constant-potential gen- The following quotations have third rail trains, and the great erating system, for which in prac been received by Beuter:-

electric locomotive used on zail-tice would be substituted the rails Prev. Testerday roads for both long and short and switches, with wheel contact. Closing Closing hauls, owes its existence to private and roof-supported conductors fol- Jenterprise almost entirely. Inven-lowing the centre lines of tracks Itors, depending upon their ownland switches, with under .contact meagre funds er backed by private from a compensating device car- capital, kept at the problem of ried on the car over the centre of electric transportation until to-day, the trucks. This was the genesis we have the most ingenious of of the present-day trolley, vehicles, such 28 the modern

In 1887. Sprague equipped in streamlined electric street car used Richmond, Va., what is said to Jin America.

First Dynamo

It was in 1875 that a poor ¡mechanic of Kalamazoo, Mich., George Green, applied the electric dynamo to a street car and created the first electric street car. Two years later Stephen Di Field bulit

New York Cotton: December January

11.84

11.86

11.74

11.73

¡March

11.76

11.75

May

11.70

11.71

July

11.58

11.60

October

11.245 11.25

Spot

12.29-

12.30

New York Rabber:

¡December

18.07

18.222

January

12.091

18.211

March

18.12

May

18.13-

China Buses Sh.311

.

Singapore Tractions 27/- 1.

July

18.160

18.26 18.27 -1828

Singapore Pre£ 27)– n.

September

18.20

18.30

October

18.23n

18:32

Cald, Macg. (Ord.) Sh.$19% n. Cald, Macg. (Pre) Sh$15 n. Canton Ices $220 . Cements $10.60 sa

[Chiengo Wheets

December

1184

118% Leessfully with electric current gene

May July

115 702%

HK Ropes $3.90

Chicago Corn: December

10334

106

May

96

Dairy Farms $22 n.

July

93

95

Watsons $485.

|Winnipeg Wheat:

November

109

December

May

1062 108

1083% 106 108

Industrials

Stores, etc.

Lane, Crawfords 163⁄41⁄2 */ Sinceres $3

wing On (HKD): $50 m

Cotton MIL

Ewo - Cottons Sh$1£35 b.- 11:40-

Shanghai Cottons (Old) Sh$82)

Shanghai Cotton (New) Sh.445 Zoong Sings Sh. $21 n. Wing On Textiles Sh-$25 a

-Miscellaneous P Linments¬Bìn actfonie (Old) $150

tigns, (New); 474, eta.

ovt. 52% - 1925/GSEJ:

ELK. Govt. 4% Loss

HLR. GOT 34% Loan

jhave been the first modern trolley system in the United States He died in 1934 at the age of 77

ROTARY CLUB TIFFIN

the first street car to be run auc- Prof. Forster. Concludes

115% ferated by a stationary dynamo. 1022 In Field's system, devised to sup

THEY ORDERED HUT OFF THE PARADE GROUND ›

Talk

plant the cable cars then in opera At yesterday's Rotary Club tion in San Francisco, the current(tiffin, Prof. L. Forster concluded 96% was carried by one of the rails to his narrative of his recent journey a wheel of the car and thence to from Calais to Kowloon by train. the motor.

From this it Bowed) The Chairman, MrWEEN. back through the other wheel. Thomas Tam, aangunced that the which was insulated from the first speaker at next week's meeting one, through the other rail to the would be the Rev. C. B. R. Sar- dynamo. At the Railway expo-gent, MA Headmaster of the tion in Chicago in 1883 was ex Diocesan Boye School, who would hibited a small electric elevated talk on Russia. December 1, said railway system in operation. A Mr Tam, would be Ladies Day, at train was pulled by a 15-horse which Mrs. F. C. Hall would be power locomotive upon a firees the speaker.

A ment of the exposition visitors. foot gauge track for the entertain-Mr. Tam extended a welcome to Betariana S. T. Williamson and "Esther Of The Trolley LC. T. Bellamy, who recently re-

Charles Van turned from leave. Depoele, a Belgian who migrated A distinguished visitor intro- to America in 1868, has been call duced was Rotarian James A. ed the "father of the troley" it Rabbitt, of Tokyo, who visited is said upon good authority that Atlantic City for the Rotary Con- the trolley that is used to conduct ference croir felectric current to the street car Other gamta introduced, were. actually was the invention of Mr. M. Hasenkamp, of Bremen'; young American named John C. Mr. M. Bouffner, of Hong Kong could · Henry His first trolley car ran Mr. R. F. G. Kelly”.

between Kansas City and Indo- General M. A. Cohen, Ipendence, Kas.

and Mr TF. Chen, of Swatow

Warsaw-A man in Posen bought a former cavalry horse. When driving him near the Uklan barracks a trumpets sounded.

The horse immediately rae- "ed with his cort on to the bar- mck square, and took up his place at the head of the regi-

It is said that, when he was, driven off, his hand drooped:

his disappoin

Although