1937-07-07 — Page 17

THE CHINA MAIL, JULY 7, 1987.

NEW YORK STOCK MARKET

Rising Prices On

#

Exchange

Following are the reports on yesterday's New York market opera- tions cabled to S. E. Levy and Com- pany, and Swan, Culbertson and Fritz!

1

the

RAUB GOLD / F

PROFITS

The Hong Kong Stock Exchange have received the following Statement from the Secretaries in Brisbane of the Raub Australian Gold Mining Company: Ltd.:

* Statement for Quarter ended

22nd May, 1937 Tonnage of Ore crushed 14,886 tons No. of Ounces of Bullion”

5,998 ounces produced

.

No. of Ounces of Fine * Gold recovered .. Value of Gold produced. Working costs

5,668 ounces 39.581 .£20,959 Capital Expenditure (special)..£ 3,078 Mine Profit for Quarter

(subject to Depreciation)!...£18,628

THE MERCANTILE BANK OF INDIA, LTD.

BANKS T

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA

Incorporated by Royal-

HEAD OFFICE LONDON

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION

Issued and Fully-Paid-

Authorised –Capital

$50,000,000

00,000

Reserve Funds:

38, Bishopsgate, E,

2

Sterling

5:6;500,000

Paid-up Capital

£3,000,000

Reserve Fund.

Hong Kong Currency

*£3,000,000

Reserve

Reserve Liability of Pro

prietors -

$10,000,000

Reserve Liability of

$$£3,000,000

prietors

-$20,000,00

Manchester Branch,

71, Mosley Street, Manchester.

Agencies and Branches:

Alor Star.

فالمند

Rangoon

Amritsar

Ipoly

Saigon

Bangicos

Karaoli

Semarang

Batavia

Klang

Seremban

Bombay

Fobe

Shanghai

Calcutta

Kuala Lumpur

Singapors

Canton

Kuching

Cawnpore

Madras

Manila

Madan

Tientsin

New York

Paiping

(Peking)

Ceba Colombo Dalhi Haiphong Hamburg

Hankow

Harbin "Lon Lon

Penang

Tough)

Tsingtao Yokohama Zaraboanga

Foreign Exchangs and General Banking business Sranandted..

Current Accounts opened and Fized Deposits roosived" for ona jaaz "De shorter periods at ̋rates which will be quoted on spplication.

-The Bank's - Baad Offics in London undertakes HEAD OFFICE="

Executor and Trustee business, and otsima. 15. - Gracechuroh·Bizert, London, E.C.R.

ROCOTITY of British Arocena Tax overpaid, От Authorised. Capital .....£3,000,000 terma, which may be ascertained, si mny, of its Subscribed Capital

Agencies and Branches. 1,800,000

E. W. ROBERTS, Paid-up Capital

.................... 1,050,000

Manager. Reserve Fund & Rest ́.... 1,247,830

Hong Kong, 1st January, 1985. BANKERS: The Bank of England & Midland Bank, Tad.

Bangkok:

BRANCHES :

Ipoh

Kandy

New York Penang

Fort Louis ↑ (Mauritius)

Wall Street Journal Comment: The devaluation of the Franc will probably decrease the gold imports of the United States Treasury. The natural recovery impulse has large ly spent itsell and has not been succeeded by the resumption of large-scale private capital invest (Continued from previous col.) ment. Net operating incomes of in June amounted to 54,809 tons, railroads will probably increase in against 51,152 tons the previous the third quarter. This year's au- month. Malayan rubber imports tomobile, production: will probably last month totalled 17,634 tons, com→ exceed. 5,000,000 units.

pared with 13,076 tons in May. Stocks:-Various issues were in aggressive demand, as the greatly improved domestic and foreign pro- spects encourage buyers and prompt shorts to cover. While the nature of to-day's, advance indicates possibility of sufficient power to take prices immediately higher, it would seem to be good judgment to anti- cipate some corrective reaction which might be worth waiting for. While the indications are that the low levels have probably been seen, we would be inclined to wait for sell- offs to increase holdings rather than to buy on the current bulge in busi- ness. The "Times". business index for the week was 107.5 as against 107.1 last week and 99.6 for the corresponding week of last year.

Further indications of public opinion are inducing the Govern- ment to show a less favourable at- titude towards John L. Lewis. There has been a consequent stimulus to a revival of confidence in industry. The market is in an over-sold con- dition. The cutlook for farm in- come is excellent and there are signs of an increase in the rate of key industries, such as steel. these factors combine to form background against which stocks rose to-day on volume, which would seem to indicate an increase in the probabilities favouring a nearborn resumption of the advance.

Trusteeship & Executorship under- Rubber:-Total Malayan exports taken. Safe Deposit Boxes for hire.

(Continued on Next Col.)

the

a

Bombay Caloutta Calambo Delhi Galle

Hong Kong Howrah

Harschi

Kota Bharu

Kuala Lápis

Kunis Lampur

Kuala Trengganu

Bangcon

Shanghai

Simla

Kuantan (Pahang) Singapore Madras

· HONG KONG BBANUH.

Every description" of Banking and. Exchange business transacted.

Travellars Choques sued.

Trustee and Exaoutorships undertaken. INTEREST allowed on Current Ansbounds and Fized Deposits at Bates that may be ascertained on application.

D.-BENSON,

7,"Queen's Road, Central,

Manager.

THE WING ON BANK. LTD. Head Office: Hong Kong, 26, Des Voeur Road, Centr Authorised Capital $10,000,000

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

counts opened. Mixed Deposits re- Current Accounts and Savings Ac- ceived at rates which will be quoted on application.

PHILIP GOCKCHIN, Chief Manager.

THE BANK OF EAST ASIA, LTD.

Authorised Capital .$10,000,000.00 Paid-up Capital

$ 5,598,600.00 Reserve and

Profits

Hon

Undivided

$ 2,776,726.76

HEAD OFFICE :-HONG KONG. 10, Das Vaux Boud, Central.

BOARD OF DIRECTORS:—

Sir Shou-son Chow, Chairman; Li Koon Chun, Esq., P. R. Krok Egy Wong Yun

Chan Ching Shak, Esq.,

TORK

Bang

Ex4.

Wong Chu Boo, Esq. and Kan Ying-

Ex-Ping Wah, Eaq-

Fo, Esq.

Aznoy

Kan Tung Po, Esq., Chist Manager. Li Tea Fong, Esq., Manager.

BRANCHES AND AGENCIES

Batavia

Manila Melbourne

Bombay Caloutta Canton Halphong

Semerang Bhanghaf

New York

Paris

Eingapore Bourabaya Swatow

Peiping

Rangoon

Salzon

Ickro

Bar Francisco

Yokokama

Hankow Bonolulu Kobs Kowloos London

Fenang

Sydney

Taikoku

Tientaío

Every description of Banking and Exchange business transacted. Loans * granted on spproved securites.g

Current Accounts opened in Local Currency = and Fixed Deposita received for ODA JOAT shorter periods in Loosi and Foreign Currencies on terms which will be quoted on "application.

Safe Deposit Boxes To Laji

KAN "TUNG - PO;

Chief Mana

HEAD OFFICE : HONG KONG.

BOARD OF DIRECTORS.

G. Miskin, Esq., Chairman.

Hon. Mr. M. T. Johnson,

Deputy Chairinan.

J. E. Bofeld, Esq., -A. H. Compton, Esq..

8. H. Dodwell, Daq. J. B. Masson, Esq.,

+

K. S. Morrison, Esq., Hon. Mr. J. J. Pati T. E. Poarce, Esq.

A. L. Shialda, Esq.

Sir Vandeleur M. Grayburn,

AMOY

BANGKOK BATAVIA BOMBAY CALCUTTA

CANTON VANTON

BOL

DAIREN

FOOCHOW

HAIPHONG

HAMBURG HANKOW

HARBIN

HONGKEW ILOILO IPOH JOHORE KOBE

KOWLOON

Chiaf-Manager.

BRANCHES -

KUALA LUMPUR

1

LONDON LYONS MALACOA MANILA MUAR (Johora) MURDEN NEW YORK FEIPING PENANG

ANGGON

BAIGON

SAN FRANCISCO

SHANGHAI SINGAPORE SOURARATA. BUNGEI PATANI TIENTSIN

TOKYO TSINGTAO YOKOHAMA

Current Accounts opened in Local Currency and Fixed Deposite received for one year or shorte` perioda in Local Currency and Starling on tarm which will be quoted on application.

ALSO up to date SAFE DEPOSIT BOXES L' various sizes TO LET, ..

Hong Kong, 1st March, 1987.

HONG KONG SAVINGS BANK

The Business of the above Bank is condusted by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Bules may be - obtaings FOR THE HONG KONG AND SHANGHA! BANKING CORPORATION.

on application,

V. M. GRAYBURN,

Chief Manager.

Hong Kon là Minh, thu

THE YOKOHAMA SPECIE BANK

LIMITED

Established 1880°

Capital (fully paid-up).

Reserve Fund

100,000,000

en.132,85

Head Office: YOKOHAMA

Branches and Agencies at

Alexandria

Bangkok Batavia Berlin

Bombay

Calcutta

Canton

Moji

Nagasaki:

Nagoya

Work

THE TAIKOO DOCKYARD & ENGINEERING COMPANY

OF HONG KONG, LIMITED

BUILDERS OF ALL CLASSES OF SHIPS.

BUILDERS OF RECIPROCATING STEAM ENGINES.

BUILDERS OF MARINE AND LAND BOILERS.

BUILDERS OF TURBINE MACHINERY.

Under License From Messrs. Parsons.

BUILDERS OF DIESEL ENGINES.

Under Special License From Messrs. Sulzer Bros.

Licensed To Manufacture Lanz Perlit Iron, Specially Suitable

For Internal Combustion Engine Working Parts.

DOCK & SLIPWAYS

FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS ON ANY TIDE

ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE- WELDING, BOTH ELECTRICAL AND OXY-ACETYLENE, SKILFULLY AND

~ PROMPTLY CARRIED OUT

Tel. Address.

Telephone No. 30211. –

پرافت در ۲ ۱۰۶

Talkoodock,” Hong Kong.

· BUTTERFIELD & SWIRE, Agents

Call Flag: “Numeral One,” over “Pennant Anna,”

Dairen (Dainy)

Fengtien (Mukden)

Hamburg

Eankow

Harbin

Hong Kon Honolulu

Hsinking

Karachi

Kobe

London

Manila

Los Angeles

Pelping Rangoon

Rio de Janeire San Francisco Seattle

Semarang Shanghai

Singap Sourabaya

Sydney Tientsin Tokyo:

Tsingtan

Yingkow

Interest allowed for Current

counts.

Deposits received for fixed perioda at rates to be obtained on applica. tions.

Hong Kong, 10th March, 1987.

THE

Y. KANO,

Manager.

SHANGHAI COMMERCIAL &

SAVINGS BANK LIMITED

(Incorporated in China)

Capital paid up

Reserves

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

Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000, Head-Office---Shanghai P

A Bank having as its mission the industrial development on -China and the fostering of her"

commercial relations abrond Hong Kon

6, Queen's Road, Central, "Phone 81118.