1937-01-12 — Page 7

1

BANKS

HONG KONG AND SHANGHAI THE CHARTERED BANK OF

-BANKING CORPORATION

Authorised Capital

$50,000,000

Issued and Faily-Paid-up 20,000,000)

Reserve Funds;--

Sterling

£6,500,000

Hong Kong Currenty

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

prietors

$20,000,000

HEAD OFFICE: HONG KONG

DCARD OF DIRECTORS. HC Mr. J. J. Paterson

Chaitzant.

C. Miskin Esq.

Deputy Chairman.

J. 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,

A Shields Esq-

V. M. Graybum, Esq. Chial-Kanager.

BRANCHES :

JOHORE

TORE

KOWLOON

ICALA ZUMITE

LONDON

ས་

LYONG

MALACCA

MANILA

XCAR (Jobor)

YURDEN

NEW YORK

PELPING

PENANG

RANGOON

SAIGON

SAN FRANCISCO

SHANGHAI

SINGAPORE

SOURABAYA

SUNGEI PATANI

TLESTSIN

TOKYO

TSINGTAO

TOKOELMA

INDIA, AUSTRALIA & CHINA

Incorporated by Meyal Charter, 1953.

HEAD OFFICE: LONDON

Paid-up Capital

Reservi Fund

| Reserv Lisbility of Pro-

prietors

£3,000,000: £3,000,000

£5,000,000

Agencies and Branches:

Rangyon

Sapan

edwab

Slangbaa Singapore

Alor Se

Lolo

Ampitan

Bangki

Fatavia

King

Bombay

Nobe

Celtic

Kona Lampur

Kuching

St

Cawapon Cebu

Madm

Sww.ba

Vanila

Tuping

Colombi Delbi

Medan

Naw Yack

Tongin

Haiphor

J'aiping

(Bumbac)

(raking) Patang

Lamboanga

Hambur Harshow Hurbis Bong Ex

Destac

Formen Exchangs and General Bacing busies

Sistas deccaule opened and Fixed Depost

Cropis veed for one year or shorter panoda až zabr

viach wứ be qunted on application.

Soubor sd Frames Sunnuda

THE CHINA MAIL TUESDAY, JANIARY 12, 1937.

Commerce and Finance

Lancashire's Anxiety Japanese Pact With Australia

the

ex

"London, To-day, so an to make it practicable for Anxiety about the effect on the Australia to maintain more favour-j British cotton and rayon trade ofjable terms for the Lancashire tex-

recent Japanese Australian tile export" trade. Commercial Agreement, was

The Board decided to support] pressed at a meeting of the Board representations to the Premier, of Directors of the Manchester Mr. Stanley Baldwin, urging that Chamber of Commerce yesterday. the Cabinet should adopt a policy

An official statement, which was of stipulating in “discussion

on

The Back's Head Office in Londes undissted after the meeting, expresscommercial agreements with the sovery of Britisk Income 34% prepaided the opinion that the United Empire and with foreign coun- Kingdom Government ought- to tries that satisfactory assurances effectively of a stable market for British cot- co-operate much more

wesen "what may be monctacted så atý Đô zmi Agencies und Besohet.

A. BREARLEY,

Manager

Hong Kong, 1st January, 1985.

with the Australian Government, ton and rayon goods be made an absolute condition of Favourable terms in the United Kingdom market-Reuter.

THE CHINA & SOUTH SEA BANK, COMMODITY PRICES

LIMITED

Capital

Reserve

(Incorporated in China) Head Office-Shanghai

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

Manager's Office

Foreign Exchange Dest

General Offe

Cebu's Qice

The following quotations have veen received by Reuter:-

Current Locate opened in Local Currency and Hawt Deposit rensved for one year or short

periode is Load Capsary sad bating on a Branches-All Important Cities January

which will be quoted on appliostaon.

ALSO up to a SAYS DEPOSIT ZOIIS in *Cum să TO LEL

Hong Kong, 24th February, 1886.

HONG KONG SAVINGS BANK

The Busion of the show Bank is conducted

ky nam 2030 LONG LẠI KHI NGHI BÀN ING CORPORATION. Bạìm may be abuisel on applicBALZA.

POK THE HONG KONG AND SHANGHAI SANKING CORPORAZIOS.

V. X. GRAYBURN,

Hong Kong, 24th February, 1935.

THE BANK OF EAST ASIA,”LTD.

Authorised Capéza

Hower and Undivided Profim word 2.66536.32

HEAD OFFICE :—HONG KONG.

10, Des Voeux Road, Cenin

BOARD OF DIRECTORS ----

Current and Sering docounts opened and Fixed Dopensie Bourred for con year or shorter paroda aberakom vhich will be quoted as applicatics.

SoC Z CHANG.

Masagut.

HONG KONG BRANCH: 24, Des Your Boat, Central

THE WING ON BANK, LTD.

Prev. Yesterday Closing Closing

LOCAL DOLLAR- STEADY

Silver Prices Vary

The local dollar is steady, open- ing on demand this morning al 1/278-

· “Spot” silver rose to 214, while "forward” was down to 211.

The London on New York cross- rate was quoted at US$4.91. while the New York on Londor cross-rate was quoted at 5- US$4.81% as compared with —— U.S.$4.90-15/16.

RAW RUBBER

LOCAL SHARE MARKET

„TO-DAY'S QUOTATIONS

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

1

Banks

EK Bank $1865 11.

HK. (Lon. Reg.) $111 n. Chartered Bank' £16 n.

Mercantile Bank A. and B

$321⁄4 D

Mercantile Bank C. £14% n Bank of East Asia $35 n.

Legurances

Canton Ins $310 m

Union Ins. $615′ b. and s3. China Underwriters $1 n. HA Fire Las. $500 n. International Assce. Sh. $93⁄41⁄2 a.

Shipping Douglases $50- 1.`

H.K. Steamboats $7.40 n. Indo-Chinas (Pret) $35. a. Indo-Chinas (Def.) $36 Shells (Bearer) 136/3 m. Union Waterboats $10% n

Docks, etc.

HK and K Wharves 8106 sa. HK. and W. Docks $1424 b. Providents (Old) $1.70 m. Providents. (New) 20 cts. a. New Engineering Sh$4 n. Shanghai Docks Sh.#90 n.

Mining Kailan Mining Ad.-16/3 m. Raubs $12.85 n.

Venz Golddeld 38 n.

Lands, Hotels, etc. H.K. and S. Hotels $6 38. FK. Lands $34-

HK 4% Debentures $105 n- Shanghai Lands Shậ16 n. Metropolitan Lands Sh. $10 m. Humphreys $9.

HK. Realties $4.60 n. Chinese Estates $76 n. China Realties Sh.$4 n. China Debentures Sh360 The

PHILIPPINE MINING

Clasitev

Estca Sales

10 am Local

1.75

train

On your way to North America

Sarobe. SEE CANADA

Cross Canada on a Canadian Pacific air-conditioned

through the world Famous Canadian Rockies

Banff Stopover at Lake Bouise

The cities of Eastern Canada ... A chain of iurious Canadian Pacific Hotels awaits you.

Comect at Montreal or Quebec with Canadian Pacific Trans-Atlantic Liners sailing by the sheltered. St. Law rence Seaway to Europe.

Information and tickets from

Your own"agent

Canadian Pacific

WORLD'S - GREATEST · TRAVEL » SYSTEM

in Pesos Currency HONG KONG MARKET PRODUCE

APPROXIMATE RETAIL PRICES

New York Cotton:

12.39n 12.34

China

Foreign Exchange sad Gepers: Banking Business Leonached.

March

1247

12.44

Mar July

12.33

12.31

1226

12.24

October

11.88.

11.84

December

1186

11.86

Spot

13.06

18.03

New York Rubber:

TALKS

23:506

March

22.19

22.44

33000

May

22.03

22.28

July

21.95a

22.10%

September

21.87

22.03

December..

2180n

21.97

$30,000,000.00

Paid-up Cap

Fead Office: Hong Kong 26, Des Voeux Road, Central Authorised Capital $10,000,000 LONDON BANKERS:- Westminster Bank, Lt Foreign Exchange and every des- cription of basking business transact-

Chicago Wheat:

May

134

1332%

July

116

1164

September

113%

112%

Antamoks

Atoks

Chicago Carn:

May

107

107%

Balatoc Mining

ed

July

1023

103

Benguet Consol

14

Hon. Sysco Chow, Chikime: Li Kawa} Chum, E.

Wond

1 h E Chace Chishek an Sang, Eng Wong Com Son, Esq. and Kat fing

Yun

Current Accounts and Savings de September counts opened Fixed Deposits re- Chicago Corn: Geived at rates which will be quoted on application

101%

1023%

Benguet Explor

.19

Ko Tu Po, Esq., Chief Mazage,

La Tae Yong. Engu Msanger.

BRANCHES AND AGENCIES:-

ri

Luney

Bateria

Bombay

Calcutta

Maxiin

Malbourne

عبان

متفوقي

PASA

Kowloon

Haiphong Eskor Homanas

Panang

Cateoks

Robe

theasgocan

Pientzia

Saigon

Toky

London

San Francisco

Yokoha

Seatt

Na Laghu

New York

Satharing

Singap

Soway

SWAL

May July

Spot

Messrs. H. B. Joseph & Co., re- New New ceived the following quotations Gur Contracts Contracts from Singapore in Straits Opening

Closing rency for Raw Rubber: 110

110% 106

106%

Big, Wedge

Consolidated Mines Demonstrations

.79 1.28/.31

Ipo Gold

3351

Buyers

Winnipeg Wheat:

Apr/June

THE

May

128%

1:2834

July/Sept.

July

1234/4

123%

Oct/Dec.

38 Up 3/5 38-1/4 Up 1/2 38-1/4 Up 1/4 38-1/4 Up 1/4

Sydney

112

Market: Uncertain.

Min. Resc. LIL Itogons Masbate Consol Northern Mining Paracale Gumaus Sulacot Mining San Mauricio Sayoc Consol.

Chicken

1.85 *.98

Capons, Small

1.80 2.88

Duck

214

..83

40

07

3.30

1.40

5.10/20

INC.

United Paracales

1.55 -

Coco Grove G. Goldfeld

92 153

3614

Geese

40

.66

Latest Quotations From Baguio Gold

Singapore

04% 07

POULTRY.

Jan. 11 Jan 1937 1918 C. Ct.

Jan. 11 Jan.

1937 1918

BUTCHER MEAT.

Beet Sirloin

Prize Cut

lb.

Every descripting of Backing, sad Exhangs banizma trazimeted. Zosas granted om ngyrored

Current Assunta spanać (in) Lama Demency and Fixed Deposite Prostred dør, one you d shorter periods in Losal and Foreign Correscias

Les which will be goosad no applicatwo Sala Dapod. Boxes To Low

KAN TUSG TO,

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·

Alexandria

Bangkok

Batavia

Berlin

Bombay

Calcutta

Canton

Moji

Nagasaki

Nagoya

New York Osnica

Otara

Paris

Dairen (Dainy) Peiping

Fengtien (Mukden) RangooZZ

Hamburg

Bankow Harbin

Honolulu Hsinking Karachi

Kobe

London

Manila

Los Angeles

Rio de Janeiro

San Francisco Seattle

Semarang Shanghai

Singapore

Sourabaya

Sydney Tintain

Tokyo

Tsingtan

Yingkow

Trasteakip & Executorship under. taken Safe Deposit Boxes for hire.

PHILIP GOCK CHIN, Chief Manager.

AMERICAN EXPRESS COMPANY October

Incorponieś "with" Lémited Liability is V.6.1

Head Office-65, Broadway,

Capital

Surplus

Reservis

Asasterdam Antwer?

Алиени

Basic

Berlin

Bombay Browse

New York

.U.S.$6,000,000.00 2,240,344.38

BRANCHES:-

Glasgow

The Hague

Lamber

Ham

• Hedelbarg

897,612.65

عدد لا

Nios

Pirse

Puris

Pripias Basterdam

BANK OF ENGLAND'S HUGE

GOLD PURCHASE

CREATES FAVOURABLE IMPRESSION IN LONDON AND IN FOREIGN QUARTERS

The transfer of £65,000,000 of,came from Paris the afternoon. In! gold from the Exchanged Fund to launching his new internal loan the Bank of England and the re-M. Blum has modified his attitudc gold capitalists and duction of the Educiary note issue towards

m

Interest allowed for Current Ac- counts.

Theposits received for fred periods

at rates to be obtained on applica- tions.

Y. KANO,

Manwyer. Hong Kong, 13th November, 1936

THE

SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

Cincorporated in China)

Capital paid up

Rear T

..$7,500,000.

Capital Barings Dept. $500,000. Eeserve Savings Dept. $600,000. Read-Office-Shanghai

A Bank having, as its infaición the industrial development on Chring and the fostering of her commmercial relations abroad. Hong Kour Olicemi

6, Queen's Bend Central Phone 32116;;

Cairo

Cannos Colombo Copenhage

Dublin

Edinburg Pion

Genera

Gedo

Juri Jeraminda Loodes Liverpool Lucemo Lugo LALER Marouilles

Mothe Cario

Yazila Mushob

Montrea

Воши Shanghai Southampton

Kingapor

Tinted

Vecion Yokohama Zurich

by £50,000,000 was naturally the owners,

The reception was

chief topics of City talk when the The selling arose from the be

lief that French money invested; 3znouncement was made.

favourable.here might be tempted home The step was taken to be a gesture There is no expectation of drama- although M in two directions. It reveals deter-tie withdrawals, mination to maintain the cheap-Auriol's speech was encouraging.

Treasury's Control Of Credit

Branches of American Express new of money and avoid deflation. Company in Principal cities of United States of America and Canada.

All cheses of Commercial Banking Transactions undertaken.

led.

It also shows to the world some- The Treasury's action in reduc- thing of the gold strength of Lon-ing the Bank's fiduciary issue den authorities

puzzled banking circles. Conflict-) The first effect was a strengthening theories were current as to ing the pound against the Pollar the real meaning of the change of Personal investment accounts hand-Foreign: opinion was favourably policy. While several motives

impressed. The immediate

reprobably underlie the step the ef- The Company offers to intending actions in the discount market are fect on the country's prestige Travelles the use of its "Travellers(dismssed below. The Stock mar-jabroad was fully recognised as Cheques" and Letters of Credit and,kets also read the manoeuvre as was confirmed by the demand for in addition, the world-wide services favourable, and many

sections sterling. of its thoroughly equipped Travel again showed bright features. One of the results, if not one: Some selling of oil shares and of the aims, is more effective con-: C. EL BENSON,

General Manager certain international countries trol of credit since the reduction:

Department

New York Share

Mesus. White, Weld & Com-.

Market

** |in the actual fiduciary issue leaves,

| gap of £60,000,000 which can be |filled up at any time. Whether it will be exercised depends on cir- cumstances, but if a run up in dis- count should.extend" beyond the

E. Mindanao

Doves

Large

Eggs, Hen (cook-

ing) Eggs, Hen (fresh)

58 $9 Fowls, Hainan

Pablic Utilities H.K. Tramways' $1250 n. Peak Trams' (old) $61⁄2.a. Peak Trams (new) $23⁄4 ̧¤ Star Ferries $93 n. Yaumati Ferries $25 n. China Lights (Old) $13.80 s

$13.60/.65 sa"

C. Lights (New) $10.40 n. H.K. Electrics. $56 · 1. Macao Electrics $20 m. Sandakan Lights $10 n. Telephones (Old) $30.80 12, Telephones (New) $1034 n.. China Buses Sh.$11. Singapore Tractions 27/- 1, Singapore Pref ̈27/-^`n.

Industrials Cald., Maeg. (Ord.) Sh$191⁄2 Cald. Macg. (Pref.) Sh.$15 n. Canton Ices $205 n. Cements $11 sa HK. Ropes-$2.n.

Stores, etc.

Daily Farms $2234. b., $223⁄41⁄2 sa. Watsons $414

Lane, Crawfords $63⁄4 *- Sinceres $24

Wing On (HK) $50′ 1.

Cotton Mills Ewo Cotton SE.$15 r. Shanghai Cotton

Canton

Haikow

Figeons, Canton Turkeys Cock

Snipe Pheasant, Quail Partridge

per doz. 30

FRUITS.

Almonds Lemons, China: Bananas. (bride's) Carambola

Coconuts Apples (California) Lemons, American Lichees, Dried ... Oranges (Canton) Oranges (Sweet) Fears (Canton')", Oranges (American) Persimmons, Larze Zumelo, Sixm Walnuts Grapes

A***

*h*1888 121819

39388 888898288836

Corned

Bosst

Breast

Soup

Steak

Steak Sirloin Santages Ballock's Brains

Tongue, fresh

Head

Heart

Hump, Salt

Kidneys Tzl

per

each

cach

Feet

carped

Lives

n Tripe

Calves' Head

35 ib. 150

Fort Matton

set 180 1.00

Chip

Las Shoulder

Saddle

Bezins Pig's Chillings

Feet

per set

each

· gi

*18** 1989

VEGETABLES, ETC.

Artichokes Beetroot

Ib.

Brinjals, Green

Long Red Cabbage, Chinese (Shanghai

(Old) Sh-$85 (Cauliflower (Large)

(Medium) (Sinak) Carrots Celery, Chinese Chillies, Dried

Shanghai Cotton (New) Sh$60

b.

Zoong Sings Shi531 1. Wing On Textiles Sh-$36-ñ

Miscellaneous> Entertainments $44. "Constructions÷(Old) $1% ̄n./

Constructions. (New) 421⁄2 <te

This

Vibro Piling $54 n.

pany, New York Correspondents acreage figures for the new crop recognised seasonal mevement for Meure. S. E. Levy & Com-Loffer good trading possibilities there is always the chance of in-

We would purchase near positions tervention. Pazy, part:—

Stocks: The position of rails is) on my favourable opportunity." The simultaneous action of the reflecting the contra-seasonal trzí- Total ealer:-36,652,000 bushels. Dutch Government in releasing) - "Ch. Gort 5%, 1925 G.$Bds. fic gain, which are off-setting the Cotton: Hedges are diminishing £10,000,000 of gold from its Ex- 98%Te losses m- surcharges and main- as the Season's crop marketing is change Fund to its central bank? HK. Gort, 4% Loan 8% prem- tenance. Despite the motor strike near an end’and we forecast-smallļsuggests some common central); situation, steel operations have Trade offerings, to supply outside banking action to regulate credit HK. improved due to a better demand demand: Speculative buying should as well as te control currencies. {from sarces other than the motor tend to enlarge as it is a fact that The French Government's offer ot jindustry. A: sharp spur in opera-cottair prices are lagging far bejboads on special terms to gold tions is likely in the event of ajhind the prices of other commodi-owners is another: unknown: fac- settlement of the auto strike, which, ties and this is now becoming more tor in the money situation. Bri- is still at a dead-lock. The rise widely appreciated. In some quar-tain's Exchange Fand in the past | in- brolina"-" "Tomus is indicative of tets there is zowtalicsof m) World jseems to have aimed at avoiding |is modeste cincrease în specula consumption- of 30,000,000-tales Exflationary results from its activi

Hon

Business done:

sheres

3,080,000

and we advocate the long side. tea. Now, however, the Treasury Rabber. If looks as if prices will seems to have re-inforced its drive considerably higher and we powers to keep credit cheap, when? Wheat: The bullish supply posi- would remain bullish for the outcommodity prices are rising and {Marin old"crope, and

heavy look

trade" expanitiaz:

Red

Green Curry Stud, English Coemmbers Garlic

Ginge YOKRE

Old... Horseradish, Shai Indian Corn Lettuce Olmas

Onions, Bombay

A

Green

Gort 32% Loan 3% Prema, b.

Shanghai

Parsley

Potato, sweet

Wallace Härpers $i n.

Job

PINCES

Japanese American

Pumpkin Radish Rambazh Wrench) Turnips: Pant!

(Long)

Watercress

Vegetable Maz

Water Lily Root Spinach

Tomatoer

PEASONABLE

********** (999*9999** } *** $* [§***

6

Head

Porks Chaps

Hiday

Liver

Loin

Lez

N

Fat or Land Sheep's HeadTM &

Feet

Fexrt Kidney's

Liver Suckling Pigs to

Order Sunt, Beef

Matton

Sausages No: 1

Water Fish

Crabe

888888888*****

***328288898*8 8299 48898

* ** * * * * * gd **

per.ssl. 90

each 12

蔬级

Barbel

Canton

Codesh

FISH.

Fresh

Curtle Fish

Dace

Frogs+!

Tes Longer

Eels Fresh Water

Eels Yellow

Herning

Garoups Gadgpok

Halibut

Mackerel

ster

Perch

12 3 Plaice

44Fromfret, White

tromes. 6.

Proinfest, Black

Bosch

Belmon

15

Sheek

Shrimps

Turtles “Taunche

Amen!! Fresh water.

lb. 30

8.

4898899883548388388C38302NBA

300388588988.1889989" 8888 ! 16398 18818# 87A8 ABRIL-

25

A 19889811489898989898809889889