1937-01-08 — Page 7

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

BANKING CORPORATION

Authorised Capital ....... ......$50,000,000 Issued and Fully-Paid-cp. 20,000,000 Reserve Imik.com

Sterling ......................£ €,500,000

Hong Kong Currency

Reserve

......$10,000,000

Reserve Lability of Pro-

prieten

REL OFFICE: HONG KONG.

INDIA, AUSTRALIA & CHINA

Incorporated by Royal Charter, 2863.

prietors ..

- Agencies and Branches:

ماما

HEAD OFFICE: LONDON

Paid-up Capital

£3,000,000

Reserve Fund

£5,000,000

Reserve Liability of Pro-

$20,000,000

£3,000,000

Alor Stat

Кадрово

Amitrar

Ipod

Saigon

Banglack

Each

besserung

Eaterie

Serehat

-

Bamber

Kabe

Shanghai

Calcutie

Kama Comput

Singapore

«Седлос

Xaching

SAYA

Cawang

Cabu

Manila

Taping

Colombo

Seben

Thetford

Pew York

Tongkah

Yang

[{Faking)

Triang

MARD OF DIRECTORS.

Hot. Mr. J. J. Paterson.

Chines

G. Miskin Eng.,

Deputy Chairinen.

1. E. Masson Esq

A. H. Compton Esq. T. E. Pearce Esq.,

Hon. Mr. S.-M. Dodwell,

J. A. Plummer Esq,

Hon. Mr. M. T. Johnson,

ANOZ

CHEPOO

A. L. Shields Esq.,

V. M. Graybara, Esq. Casal Manager.

BRANCHES.

COLONNO

VALKEN

POOCXOY

HAIPHONG

KIMBE

MABAIX

ILOILO

дод

JOHDAS

TUBE

KOWLOON

KUALA LUKSTE

LONDON JAYUNG MALACCA

XLR (Jokinen) XCIDEN

NEW YORK

FELFING

PENANG

BANGOOX SAIGON

SAN FRANCISCO

SHANGWA

SINGAPORE

SUCHABAYA

SUNGE PATANI TIEXTIN

TULTO

TN3G240

TOKOKAMA

Current Axonte opened in Icoal Currency and Fixed Depoule reived for one year or aborter

Haiphong Hamburg Hankow Hurban

Hoat trong

(kimike()

Tanque Yokotama

Zamboangs

Foosiga Kuchungs and Guamen? Danking business transacted..

Excuter

business, and clauza

poovey of Bribie Income Ise praepaid on serena which may be anonessized at any NË IM |ågenome and Bengha

A. BREARLEY,

• CHINA HAIL, FRIDAY, JANUARY 3, 1937

Commerce and

Finance

Phenomenal Boom In

Rubber

NEW ADVERTISEMENTS

NOTICE

MACAO JOCKEY CLUB

THE JANUARY RACE MEETING will be held on Sunday, 10th January, 1937 at Artia Preta, Macro, commencing at 2.00 pom.

The first saddling Bell will be rung

1.30 pm.

By Order.

*S. W. CHENG,

Secretary.

Singapore Mart. More Active PUBLIC AUCTION

Than For Six Years

London is sharply criticising: the International Committee for its failure to release a larger percentage for the first quarter

THE Undersigned have received instructions to sell by Publie

Ciel

Wednesday, the 13th. Jan, 1937 commencing at 2.30 p.m.

at their Sales Room, No. 35. Hankow Road, Kowloon -

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

Black Wood Ware, Teak draw-i

market prices are likely to occur, more es-Anction The Singapore rubber experienced more activity this last pecially when it is remembered week than it has known for the that the U.S.A. consumption is in- last six years.

creasing rapidly and stocks in that Excited is a mild word to nae country are falling. Current Accounts opened and Pized Depot to describe the conditions; brok- Toured for our year or worse perde a reers are rushing around in an en- erbach will be quoted can aqylicstiva

The Beck's Hand Cras in Loodoo undertake deavour to obtain supplies; there is very little spot rubber available

of next year and it is noW, CON- and shipping agents are concert- ed at the demand for freight space. sidered likely that the previous comprising:-

decision of a 75 per cent. ex- Manager.to New York which they are in

some doubts as to their ability to port allowance will be raised ing Room & Dining Room Furni and that the allowance of 80 per ture, Bed Room & Office Furni full, at least for a month or two.

Rubber shares are booming and cent. for the second quarter will ture, Ornaments, Cutlery, Clocks, Electric Table Lamps, Porcelain there are buyers of everything of- also be revised.

Frenzied stenes marked the re- Glass Ware, Brass & Aluminium fering at prices which are advan-!

Sellers are obtain-opening of the London Rubber Ex-Ware, Ice Chests, Linen, etc., eta cing rapidly. ing exaggerated ideas of the value of their holdings and are asking prices which "are even higher in proportion to the advances made in the commodity.

Hong Kong, 1st January, 1935.

THE CHINA & SOUTH SEA BANK, LIMITED

(Jacorporated in China) Head Office-Shanghai

-$7,500,000,00 $1,500,000.00

Capital Reserve

incode in Lead Carmony and Garking on wine Branches-All Important Cities

-based 12 he quoted co application

150 up sam BAYE DEPOSIT BOXES to Tarian me 10 LET.

Hong Kong, 24th February, 1936.

HONG KONG SAVINGS BANK

The Bus of the shove unit is coodbeað by HONG KONG AND SHANGHAT BANI

ING CORPOLATION. BA may be obtinak FOR THE HONG KONG AND SHANGHAI BANKING OURPORATION. Į

V. GEINBUBX,

Cina! Maingat,

Hong Kong, 24th February, 1936.

THE BANK OF EAST ASIA, LTD.

$10,000,000.00 5.606800.00

Autheriment Capital a Zwd-up Capital -- Hamers and Ladivided Produ$ 2,684, 306.52

BEAD OFFICE HONG SONG

20, De You Boad, Centen

SOARD OF DIRECTORS :---

Hon. Sir Showton Chow, Chairman; Ii Icon Ubud, Esq. P. Amok Eng.. Wong Yus

EqC Ching Enak, Eagle La

20, Log.

Kang Po. Em Chief Manager.

China

Foreign Exolange and Geowral Banking Buslo

Current and Baving Amounta opasač and Fiand Deposite received for, que quae of shorter patioda [it rains which will be geïted on application.

SOU Z CHANG,

HONG KONG BEASCH;

24. Das Forex Boad, Central,

Manager's Goo

Foreign Exchange Dept.

General on m Comber's Clos

THE WING ON BANK, LTD.

LRC. Criticism The International Regulation Committee is coming in for a lot

400 Per Cent. Up Since 1931

The remarkable increase in rub-

ber prices over the past five years is indicated in the following figures]

of criticism and it seems that showing the average December and speculators have got the market average yearly quotations where they want it and are likely 1931-36 (in Straits

for

25506

23580

to push the price several higher.

cents 1b):-

cents per

"

Dec.

Average

The additional, quota for the first quarter is not likely to have much effect on the price as it is anticipated that, with the winter- ing period and a possible shortage of labour, the full amount of the quota will not be available until well on in the year.

Year

Price

for Year.

1931

9.52

9.82

1932

7:54

6.97

1933

13.56

10.20

1934

20.80

20.68

1935

2174

20.25

November 1936 average 30.37 Yesterday

..... STA

Head Office: Hong Kong 25. Des Voeux Road, Central Authorised Capital $10,000,000 LONDON BANKERS:— Westminster Bank, Lid Foreign Exchange and every des cription of banking business transact

ed.

Singapore rubber dealers view with concern the increasing ten- for rubber companies at

Current Accounts and Savings Ac-dency

Dany. Ex Tiong Chu cos, Eg, and Xan Ying counts opened. Fixed Deposits re-Home to make forward contracts ceived at rates "which will be quoted for direct shipment from Malays on application.

to New York. Trusteeship & Executorship under- taken. Safe Deposit Boxes fer hire.

PHILIP GOCK CHIN, Chief Manager.

Halavim

Tan Yang, Eng. “Kasagot.

BRANCHES AND AGENCIES:—

Mazila

Velbourne

Nagmanla

Surabaya

Semarang

Bombay

Logba

Colutio

Yock

Singapore

Ova

Papuka Реоко

Tangoz

CADLOD Huphous

Koolly Kobe Kawicom London

Saigon

Da FSBOO

WBLOW

Any

Tienbein

Tokyo

VLOCUTO Tokohama

Every description of Banking and Exabange Extracncted. Lonas granted on approved

Current Acquala opened in Local Curzwery and Find Diponite repaireḥ joc ova_your ar shorter period in Lead Farsign Carruzolan DO LEON Watak will be quoted on "application.

Site Deposit Boxes To Let

KAN TING TO.

Chief Manage-

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880

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

Reserve Fund -

„Yen 130,900,000

Head Office: YOKOHAMA

Branches and Agencies at

Moji Nagasaki

Alexandria.

«Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Nagoya

New York

Osaka

Otard

Paris

Fengtien (Mukden) Rangoon

Dairen (Dany) Peiping

Hamburg

Hankow

Harbin

Корь

Horoizia Hsinking

Karachi Kobe

Loudon

Manila

Los Angeles

Rio de Janeiro

Seattle

San Francisco

Semarang

Shanghai

Singapore

Sourabaya

Sydney Tientsin

Tokyo

Tringtan Yingkow Interest allowed for Cumpat Ac-|

Deposits received for fired periods. at rates to be obtained on applica-

tions.

T. KANO;

Mazager. Hong Kong, 13th November, 1935.

THE

SHANGHAI: COMMERCIAL &

· SAVINGS BANK-LIITTED

· Corporated in China) ·

--Capaikat: pild÷zp) .............35,000,000. Recover weg. $7500,000.

· Capital: Strings: Dept.: $500,000: *Reserve Savings Dept. 3600,000;

Head-Office- Shanghai Gagg

A. Back horing, as its mission: the Industrial development, ens China and the fostering of her"; @comrusencia: relations" abrogli -Hang-Kay One

Do Not Wait!

Buy Your Present Now ! !

TOYS, DOLLS

New Year Cards and Children's Picture Books.

also

LARGE SELECTION OF ..

STAMPS

which will be a delight to any Stamp Collector to receive.

GRACA & CO.,

No. 10, Wyndham Street.

P. O. Box 620. Hồng Kong.

change this morning, adds Beuter. when rubber reached a record high level for the present movement at 11d. bid for rear positions.

Shilling Complex Forward Contracts

Leading rubber dealers describe: Most of this rubber is sold the latest upswing as reflecting and be the rapid growth of the "shilling direct to manufacturers comes "dead" rubber.

|rubber" complex, which theory is Brokers, locally, are getting becoming increasingly diffealt to certain amount of satisfaction, combat owing to the ever tighten- however, from the fact that mosting of the spot and near positions. of these contracts are for delivery

In the latter connection it is. over the whole of next year and pointed out that although scarcity. have been made at a price of 3d exists for spot and near rubber to 4 per pound under the price and while a large part of the Unit- ruling to-day.

Japanese interests seem to have anticipated the rise in the rubber price, as she took big deliveries of the comm0– dity last month and has made large purchases on the Sing- apore market in December.

Frenzied Scenes In London

ed Kingdom supplies are held by a few dealers, there is nothing in: the nature of an attempted squeeze, or' corner.

Position Explained The prevailing premium for forward spot vis-a-vis the more positions arises from the fact that when manufacturers Or others wished to buy forward the larger dealers were willing to sell, pro- vided they could hedge themselves by purchases of spot or near

Thus the bulk of spot rubber Many rubber shares were quat-was virtually disposed of months ed to-day at the highest prices ago, leaving only a small supply since 1927.

for the satisfaction of the present

London, Dec. 28.

In view of the serious shortage spot' demand.

of spot rubber further rises

SAFETY ||

also

One Radio Set. On View from Tuesday, the 12th January, 1987.

Term: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong. 8th. Jan., 1937.

LOCAL SHARE

MARKET

TO-DAY'S QUOTATIONS

issued!

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

Banks

HK Bank $1865 b. 1970 sa. HK (Lon. Reg.) £111. Chartered Bank £14 n. Mercantile Bank A. and B

#324 11

Mercantile Bank C. 14% Bank of East Asia $83 D.

Insurances

Canton Ins. $310 n. Union Ins. $615 b.

3615/617 32.

China Underwriters $1 a. FAR Fire Ims. $300 m. International Assee. Sh. $31⁄4 n

Shipping

Douglases $80 1. H.K. Steamboats $7.40 n Indo-Chinas (Pref.) $35 a. Indo-Chinas (Def.) $36 n. Shells (Bearer) 135/- n. Union Waterboats $10 D.

Docks, etc.

HK. and K. Wharves $107, a. HK and W. Docks $14 b. Providents (Old) $1.70 m. Providents (New) 20 ets. n. New Engineering Sh‡4 n Shanghai Docks Sh.$90 n.

Mining Kailan Mining Ad. 16/3 n. Raubs $13

Venz Goldfeld $8 n.

Lands, Hotels, etc.

HK and S. Hotels $6 b.. $6.06)

$24

EK. Lands $34 h.

HE. 4% Debentures $105

SAM COMMODITY PRICES Shanghai Lands Sh316 n

The following quotations have! been received by Reuter:

Prev. Yesterday Closing Closing

Cotton:

for your travel fundsy 12.38

The funds for your business or be safe-

pleasure trip can

guarded it, before leaving you- have us convert them into

AMERICAN EXPRESS. TRAVELERS. CHE QUES

They are spendable everywhere and no identification is neces- sary other than your signature. If lost or stolen, uncounter- signed, your money is refund- ed Issued in denominations of $10, $20, $50, and $103.

in Sterling £2, £5, and $10

Also

THE AMERICAN EXPRESS CO., INC. Incorporated with Limited Liability in USA

No. 4, Des Voeux Road C.

12:36+

Metropolitan Lands Sh. $10 1. Humphreys $91⁄2 2 H.K. Realties $4% a Chinese. Estates. $76 a. China Reakties Sh.$4 n. China Debentures Sh.350 m. PHILIPPINE MINING

Antamoks

Benguet Connal

Big

Closing

Estas Stes

10.am Local

CANADIAN PACIFIC

WORLD'S • GREATEST · TRAVEL - SYSTEM

Offers Two Routes-

HONG KONG TO

THE 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 (ría direct connection)

EMPRESS OF CANADA

SAILS FOR VANCOUVER via SHANGHAI JAPAN

& HONOLULU

AT NOON

TUESDAY,

+

JANUARY 26th.

For Information Apply To Your Own Agent Or

Canadian Pacific

SPAKE THE WORLD

Tel. 20752

New York Share Market

H.K.. Electrics $56% sa Macao Electrica $20 n. Sandakan Lights $10 n. Telephones (Old) $303⁄4 b. Telephones (New) $11 n. China Buses Sh.$11. Singapore Tractions 277– s. Singapore Pref. 27/— n.

Industrials

Cald, Macg. (Ord.) Sh$191⁄2 n Cald, Macg. (Pref) Sh415 ♫ Canton Ices $2.05 n. Cements $11 n.' H.K. Ropes $24.

Stores, etc.. Dairy Farms $25/22.10 35. Watsons $425 Lane, Crawfords $64 n. Sinceres $25. Wing On (HE) $50 n.

Cotton Milla

Ewo Cotton Sh.$15.34 b. Shanghai Cotton (Old) Sh$85

b.

Messrs. White, Weld & Co- pany, New York Correspondents for Messrs. S. E. Levy & Com pany, report

Stocks: Rails look better, with prospects of increased treiða volume over this year and more optimism with regard to the lab- our situation, which is at present the main threat to such an in-

crease.

In utilities, some quarters are inclined to interpret bullishly the Buchanan report recommending that the Government defer further entry into the utility field until a definite national policy is formed in this connection.

In the industrial section, oils.

to and motion pictures continue justify our previous purchase re- commendations. fact that there has been no de

In view of the

Shanghai Cotton (New) Sh360mite labour news in connection

b.

Zoong Sings Sh.$31 n. Wing On Textiles Sh.436 n.

Miscellaneous" Entertainments $334 b. Constructions (Old) $1% n. Constructions (New) 424- cta

Vibro Piling $54 n.

Ch. Govt. 5% 1925 G$Bds.

93% n

ELK Govt 4% Loan 8% prem

1.

HK Gart 34% Loan 3%

prezi, b. Wallace Harpers $4 n.

LOCAL DOLLAR

STEADY

with the auto strike, we would be inclined to delay further parchases Jof-General Motor shares, with the idea of striking an average on any set-back

Business shares.

done: --- 3,060,000

Wheat: A Chicago Trade paper" - states that imports are normally, apathetic at this time of the year and buying on every wesiress seems to be the best evidence of urgent needs abroad. We fully agree with these views. The price of four has advanced by. 15 cents per barrel Drought conditions in the South-West are becoming in- creasingly serious and are- kely soon to be an induence on market..

* Total ́zales;~99,798,000 - shares..

Cotton: Cotton goods sales - gre

in Pesos Currency Silver Prices Up Again large and are much better than

(1/2

had been expected.

The local dollar le steady, open- Babberthe spot situatio ing on demand this moming at decidedly tightening-

Copper: A good authority "Spot" silver rose % to 21-5/16, pects continued heavy demand. while "forward" was up % to Flash: We remain bulish on all 132/3521%.

commodities. In cotton, whest ind The London on New York cross-rubber, dealers are reported to be rate was quoted at E-CS34913 make to obtain sufficient actual while the New York on London buying futures: cross-rate was quoted

12.36

12:48

May

12.24

12.35

July

12.15

12:25

October

11.74

11.90

December

11.76. 11.90

176

Spot

12.95

13.07

Atoks

Baguio Gold

New York Rubber:

Balatoc Mining

27 44 14

January

21.601

22.00m

March

21.67

22.05.

Benguet Explor

May

21.57

21.89

Wedge Consolidated! Mieves

37% .04%

July

21.45

21.766

Demonstration

September 24.402

21.70m

po Gold

October

21.341

21.661

Itogons

December

21.34

21.660

Merhate Consol

Chicago Wheat:-

May

1313%

133 %

Northern Mining Paracale Gomans

52 21/2

Scot Mining

July

1154

117%

San Mauricio

September

112

110%

Chicago Cornz

United Paracales

Coco Grove:

145

100%

September

Chicago Corn:

May July

109% 105

101

New #New

tracts" Contracts

Closing -110% 106%

Winnipeg Whe May

126 1213%

128%

May

July

Sayoc Connot

106%

C. Goldfields 102... Min. Resc 102/07

165

Public Etilities HK: "Tramways $12/13.30 sa. Peak Trams (old) #61⁄2 2. Peak Trams (new) $23⁄41⁄2 z% Star Ferries $93

।

Yaumati Ferries $25 82. HK. Electrics $6671⁄2 sa.. C. Lights (New) $10.40 n. China" - Lights" (Old) $12.60

$18.70 6

U.S.$4.9134,28 compared with

£-US$4.9145/16.

RAUB GOLD OUTPUT:

The Hong Kong Stock Ex change have received a cable from

RAW RUBBER Messrs Derrick & Co. Local Secre

tariei in Singapors of the Esub"

Latest Quotations From Anatarilan Gold Mining Co. Ltd., announcing the output for the four-weeks ending 2nd January. 1937 to be 2055 ounces

Singapore

Mestra, H. B. Joseph & Cai, received the following quotations. from Singapore in Straits Cur- rency for Raw Pubber:

Spot

Apr/June July/Sept. Oct/Dec.

37-5/8 Up 1/4 ST-3/4 Up 4/8. 37-3/4-Up 2/8"

37-1/2 Up 1/4 Market: Expect Improvement.

י