1937-03-02 — Page 17

THE CHINA MAIL, MARCH 2, 1937.

Boom In U.S. Will Continue BANKS

OPTIMISM IS THE be an expected rise in prices.

KEYNOTE

Metro-Goldwyn-Mayer will build 30 The price of oil in Pennsylvania has sound stages while Warner Brothers been raised from 12 to 15 cents. This will construct:40. *

was attributed partly to the general No small interest has been created While there is some hesitancy in controlling industry in general and commodities. Speculative activity, one improvement of underlying conditions in the United States by speculating in certain phases of the American mar chiefly to the active demand for Pen-journal points out, has taken the play kets, a glance through the financial and nsylvania crude oil.

away from trade buying in most mar- commercial journals indicates the pros- The motion picture industry entered kets. perity which America is enjoying not 1937 on the crest of a wave of pros- United States U. S. Steel, the stock only has substantial background but perity and as one financial general put of which has been having a spectacu- likewise an optimistic future, writes William Parker in the "Chins Pressit, "has poured approximately a billion lar rise of late has come out with full

Federal Housing Administrator Ste-dustry during the past 12

dollars in gross receipts into the in- page advertisements to “sell” America wart McDonald announced in Washing-The film industry grossed approxim-and to beautify what has always been months." the idea of doing away with vibration ton an increase of nearly 50 per cent ately $250,000,000 more in 1936 than in a sore spot in every American city: the in some construction in the United 1935. This made a new record for the rail-road tracks. Using the slogan States for 1937. He estimated that past five years.

"Down by the railroad tracks is now the total of city dwellings to be built

Commodity Speculation

the place to live" U. S. Steel is con- in 1937 will approximate 400,000 as The weekly average of attendance veying to the American people the compared with 270,000 in 1936.

at motion picture theatres was 81,-thought that "the world moves forward In Congressional circles in Wash-000,000, coming close to an all-time re- with steel." ington it was indicated that President cord. For 1935 the weekly average at- Roosevelt's

In addition to figures made public legislative

programme tendance was 71,000,000 while the by the Government, the survey of the would contain few surprises such as figures for 1933 showed only 54,000,000 United States showed 1937 will be a that concerning the United States Su-persons attended the film shows. good year for the building trade gen- preme Court. His

programme was

Considerable, building is under way erally. said to aim at extending and re-affirm- at the various stadios in Hollywood. there exists a tremendous shortage of Authorities emphasized that ing Administration acts which are due to expire. Among Roosevelt's poten- tial legislation is that dealing with So- cial Security. Law and the National} Labour Relations Act

Emergency Ship-Building

Maritime Commission "experts" are, understood to be shaping an emergency

COMMODITY PRICES

The following quotations have ship-building programme. This would been received by Reuter call for the construction of 40 cargo]

vessels

with speeds from 16 to knots. This aggregate deadweight

20

tonnage would be 260,000 and the total New York Cotton: cost is estimated about $60,000,000.

The price of big iron has been ad-September vanced 50 per cent in the Pittsburgh

Prev. Yesterday Closing Closing

March

13.03

13.24

There would be four classes of car-!

go ships to compete with ship-building May

12.74

12.90

programme of other nations. One July

12.52

12.68

the third would be a 16-knot 10,000-ton January

class of cargo, liner" would be of the October 18-knot 10,000-ton type; the second: December would be approximately 8,000

12.02.

12.12

11.95

12.05

tons;!

11.95

12.05

cargo liner and the fourth class 8,000 Spot

13.34

13.50

tons of lower speed. It was said that New York Rubber: the American Merchant Marine is viewed in shipping circles as somewhat behind that of Britain, Japan, Germany

March

21.85n

21.85a

May

21.98

21.96

and Italy.

July

22.10

22.10

22:13

22.19

district and the price rise has been followed in other sections of the coun- Chicago Wheat: try. Pig iron was more active in 1936 May

¡December

22.15a

22.15a

1314

than any years since 1929-30. -

Retail Trade

July

113%

132% 114%

Retail trade in the United States for September

111

112.

most optimistic expectation Mer-May

the holiday season was beyond the Chicago Corn:

1074

107

chants also were gratified by clearance July

1024

102%

sales during Jannary. They are handi-

capped, however, that very small stocks September

95%

95%

were left over after the Christmas Winnipeg Wheat: buying rush. During the year there May

125

will be a general movement by mer-] July chants to advertise "buy now," basis of this newspaper argument willj

the

October

1214 110

126% 12212 111%

THE BANK OF EAST ASIA, LTD.

THE

Authorised Capital

$10,000,000.00 5,298,800.00

modern homes.

· POLICE RESERVE ORDERS

Police Reserve orders by the Hon. Mr. T. H. King, Inspector General of Police, state:-

.

HONG KONG AND SHANGHAI BANKING CORPORATION

Authorised Capital $50,000,000 Issued and Fully-Paid-up. 20,000,000 Reserve Funds:-

Sterling

6,500,000

$10,000,000

Hong Kong Currency

Reserve

Reserve: Liability of Pro-

prietors

$20,000,000

HEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS. G. Miskin, Esq.,

Chairman

-M. T. Johnson, Esq.,

Deputy Chairman.

J. K. Bousfeld, Esq.. 5. S. Marison, Eag

A. E. Compton, Esq., Hon Mr. J. J. Paterson, Hon. Mr. S. FL. Dodwell, T. E Pearce, Esq., J. B. Matson, Esq. A. L. Shields, Esq.

V. M. Grayburn, Esq., Chief Manager.

AMOY

BANGROE

BATAVIA

BOMBAY

CALCUTTA

CAN

COLOMBO DAIKEN FOOCHOW HAIPHONG

HAMBURG HANKOW ELABBIN

HONGKEW

ILOILO

IPOH

The un-

KOBE

Chinese Company Training Course Part II dermentioned members of the Chinese Company will attend Chinese Company Headquarters on Tuesday, March 2nd Fat 17.30 hours for Part II of Training

Course:-

Constables R2 Chan Tak Chiu, R4 Tam Hiu Fung, R5 Woo: How Ching, i R6 Chan Shik Chun, E9 Wong Yne Shun, R25 Lee Chee Leung and R34 Napoleon Leung Pani

Indian Company

Training Course Part II The un- dermentioned members of the Indian Company will attend. Indian Company Headquarters on Wednesday, March 3rd at 17.30 hours for Part II of Training Course:---

ΝΟΟΥΜΟΣ

BRANCHES

KUALA LUMPUR

LONDON LYONS MALACCA

MANILA MUAR (Jobore) MUEDEN

NEW YORK FEIRING PENANG PANGOON SAIGON

SAN FRANCISCO SHANGHAZ SINGAPURE. *** SOURABAYA SUNGEI PATANI THENIXIN TOKYO TSINGTAO YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposita received for one year, or shorter periods in Local Currency and Sterling on terms which will be quoted on application.

ATSO up to date SAFE DEPOSIT BOXES în various sizes TO LEL

Hong Kong, 1st March, 1937.

HONG KONG SAVINGS BANK

The Business" of "the above Bank is conducted by the HONG KONG AND SHANGHAI BANK- ING CORFORATION. .. Eales, may be obtained on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION

M. GRAYBURN,

Chat Manager.

Hong-

Lance Sergeant B241 Sultan Khan, and Constables R201 S. 1. Bar, P2031 Mohamed Din, R207 Feroz Ali, R225 Kasim Ali, R226 A. R. Razack, R240 Ghulam Hussain, R250 A. Hamid, R256 THE YOKOHAMA SPECIE BANK

S. A. Khan, R262 Omar. Hoosan and R282 Latif Khan.

Emergency Unit Reserve

Riot Drill.-A Riot Drill will be car- ried out by members of the Emergency Unit Reserve on Friday, March 5th, 1937. All members will parade outside Queen's Pier at 17.20 hours. Dress Optional

C. Champkin,

LIMITED

Established 1880

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

Yen.130,900,000

Head Office: YOKOHAMA Branches and Agencies at

D. S. P. (R)

Alexandria Bangkok

Batavia

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Boyal Charter, 3858.

HEAD OFFICE: LONDON

Berlin

Moji

Nagasaki

Nagoya

New York Osaka

Nico

AMERICAN EXPRESS COMPANY INC.

Incorporated with Limited Liability in UScho

Head Office: 65, Broadway,

Capital Surplus Reserves

New York.

*****$6,000,000.00

BAMANGHRS:

Amsterdam Antwerp

Athens

Beale Bache Bombay Brussels

Assosn

Glasgow The Hague

Hamburg Heidelberg Interlaken

2,240,344.38. 897,612.651

Paid-up Capital

Eeserve and Undivided Profits

HEAD OFFICE;—HONG KONG.::

“10, Des Veer Boad, Centrali

BOARD OF DIRECTORS

Hon. Sir Shou-son Chow, Chairman; Lễ Koon Chen, Esq., P. K. Kwok, Esq. Wong Yun Tong, Esq., Chan Ching Shak, "Taq, Li Laur Sera Bag Trong Còn sau, Tro và in Thị Po, Esq.

Kan. Tung Po, Eag, Chief Marager, Li Tas Fong. Fac-Manager.

BRANCHES-AND- AGENCIES --

Manito Melbourne

· Segéle

Vancouver

Bombay

Calcutta

-Canton

Dairen (Dainy)

Utara

Paris

Peiping

Fenghien (Mukden) Rangoon

Hamburg

Rio de Janeiro

Paid-up Capital

£3,000,000

Hankow

San Francisco

Reserve Fund Eeserve "Liability of Pro-

prietors

.£3,000,000

Harbin

Seattie

Hong Kong

Semarang

£3,000,000

Honolulu

Shanghai

Agencies and Branches:

Hsinking

Singapore

Ámay

Aloe Star

Boño

Batavis

-Scumstang

Bombay

Shanghai

Bangkok

Rangoo Saigon Semarang

Karachi

Sourabaya.

Kobe

Sydney

Calcutta

¡Canton

Now Lock செக

Singapore

Betaria

London

Tientsin

Haiphong

Beskow

Sourabaya

Syd

Bombay

Marila

Caloutta

Cantan

Kuching

Tokyo Tsingtan

Honolulu

Madem

Yingkow

Kobe

Kowloom. Londen

Cole...be

San Francisco

Manila

Meda

New York

Trong

Paiping

burg

(Paling) Penning

Jerngalam

London

Liverpool

Locarno

Lugano

Luxe

Monte Carlo

Morish Montreux

Southampton Singapore Tientsin Vienna Venice Yokobama Zurich

Branches of American Express Company in Principal cities of United States of America and Canada,

All classes of Commercial Banking Transactions undertaken.

Personal-

investment:

*Company offers to inten ellers the use of its “Travel beques” and Letters of Credit and; the world-wide services oroughly equipped. Travel

EW. DUGGAN,

Department

Manarer

Every description of Banking and Exchange business : transacted. :>- Loans: granted on approved.

securities.

Current Amounts opened in Local: Currency and "Fizad, Depositar": koorived · · for shorter periods in Looul: and- Foreign Currencies -on-terma which will be quoted on application.

Safe Deposit Boxes To Lat.

– KAN TUNG-PO;

Chief Manageer.

THE WING ON BANK, LTD.

Head Office: Hong Kong. 26, Des Voeux Road, Centrală Authorised- Capital $10,000,000

LONDON BANKERS--

Westminster Bank Ltd. reign. Echange, and every des ption of banking business transact-

Current Accounts and Savings: Ac counts opened. Mixed Depocits re- tates which will be quoted on applicatio

Trusteeship & Executars

under..

te Deposit Boxes for hire.

PHILIP GOCKCHIN,

Chief Manager

Harbin

Hang Boar

Foreign Farhangs and General Banking business

Current Accounts opened and Fixed Deposita received for one year or shorter periode at zate which will be quoted on application

The Bank Head Offow in London. Ezsoutor and Trustee business, recovery of British” Innors -- Talk sharms which may ibé:ascertained":

Agencies and Branches.

The M

BREARLEY-

1935.

Printing

Cring Mall Bliz

ham St

Los Angeles

Interest allowed for Current As-

counts.

Deposits received for fixed periods at rates to be obtained on applies tions.

Y. KANO,

Manager Hong Kong, 13th November, 1936

SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

(Incorp in China)

21138.

35,000,000.-

00,000.