1939-03-11 — Page 13

HONGKONG DAILY PRESS

BANKS

HONGKONG AND

SHANGHAI “BANKING

CORPORATION

Authorised Capital ....................880,000,000

THE

CHARTERED

BANK OF INDIA, AUSTRALIA & CHINA

Issued & Fully Paid-Up 20,000,000 Incorporated by Royal Charter, 1858 Reserve Funds:

Sterling

H.K. STOCK

EXCHANGE

The market has been a little dis- appointing during the week in view of the fact, that although quotations have remained stendy with a fair enquiry, the turnover on the whole has been on the small side. The rise yesterday of, 54 ip the London quotations for HR Banks was "redected incally in a

...£6,500,000 Paid-up Capital www.an 23,800,000 | demand for shares, business being B.K. Currency Reserve $10,000,000 Beserve Fand............... £3,600,000 ₫ reported up to $1455, a gain of $55 Reserve Liability of

Reserve Liability of Pro-

Proprietors

.$20,000,000

Head Office:-HONG KONG

Board of Directors. Hon. Mr. A. L. Shields,

Chairman.

Deputy Chairman.

W. H. Lock, Esq.,

J...K.. Bousseld, Esq., A. H. Compton, Esq., Hon. Mr. S. H. Dodwell,

G. Miskin, Esq.,

K. S. Morrison. Esq..

Hon. Mr. J. J. Paterson,

T. E. Pearce, Esq.,

H. V. Wilkinson, Esq.,

Sir Vandeleur M. Grayburz,

during the week. Cantons. EK prietors....... £3,000,000 | Fires and Unions have found rondy

HEAD OFFICE: LONDON: 38, Bishopsgate EC3. Sub-Agencies in London: 117/122, Leadenhall Street, EC.3.

West End Branch: 14/18. Cockapur Street, S.W.1. Manchester Branch:

71, Mosley Street, Manchester.

AGENCIES AND BRANCHES ; ALOE STAR HARBIN

·AMRITSAR

BANGKOK.

BATAVIA

BOMBAY

PENANG

• HONG KONG RANGOON

SAIGON BERIMBAN

ILOILO "POB

KARACHI

ILANO

BEANGHAI SINGAPOR SITIAWAN BOURABAYA TAIPING

TIENTSIN

AOINGIES: KO

CLIVE BENT

FAIRLIE PLACE KUALA

CANTON

CAWNPOR

LUMPUR

Chief Manager.

CAICUTTA

Branches:

Amoy

Ipob

Penang

Bangkok

Johore

Rangoon

KUCHING

Hatavia

Kobe

Bombay

Kowloon

Saigon San

CEBU

MADBAR

COLOMRO

Qalentta

Kuala

Francisco

DELEI

MANIA MRDAN

ra

Canton

Lumpur Shanghai

HAIPHONG

Chefoo

London

Singapore

Colombo

Lyons

Sourabaya

HAMBURG HANKOW

Dairen Malacoa Sungei Foochow Manila Patani Haiphong Muar Swatow Hamburg (Johore) Tientsin Bankow Mukden Tokyo Harbin New York Tsingtao

Yokohama Hongkow Pelping

tloilo

Current Accounts opened Local Currency and Fixed Deposits received for one year or shorter periods in Local and other Cur- rencies on terms which will be quoted on application,

Also up to date Safe Deposit Boxes in various sizes To Let.

Hong Kong, 25th Feb., 1938,

HONGKONG SAVINGS

BANK

The Business of the above, Bank

is conducted by the HONG KONG

& SHANGHAI BANKING COR- "PORATION. Rales may be ob

tained on application.

For the HONG KONG & SHANGHAI

BANKING CORPORATION.

V. M. Grayburn,

Chief Manager.

Hong Kong, 25th Feb, 1830.

NEW YORK PEIPING

(Peking)

TONGKAR

(Bhuket)

TSINGTAO

YOKOHAMA

FOREIGN EXCHANGE and General Banking Business transactad.

- CURRENT ACCOUNTS opened and FIXED Deros178 received for Ora Year or shorter periods in Local or Other Currencies at rates which will {be quoted 'on application. ·

Bavings Accounts also opened in Local Currency and Sterling with interest allowed at rates obtainable on application.

The Bank's Head Office in Landon undertakes Executor and Trustee business, and claims _re- covery of British Income Tax overpaid, on terms which may be ascertained at any of the Agencies and Branches.

R. A. CAMIDGE,

Manager.

THE CHASE BANK

18, QUEEN'S ROAD CENTRAL

„HEAD OFFICE:

18, PINE STREET,”

NEW YORK.

BANK OF EAST ASIA, An American Bank offering com-

LIMITED

Authorised Capital $10,000,000.00 Paid-up Capital ........ 5,508,800.00 Reserve and Undivided

Profits

Board of Directors:

Sir Shouson Chow, Chairman

Li Koon Chun, Esq. Li Lau Sang, Baq. P. K. Kwok, Esq.... WongChuson, Esq. Wong Yan Tung, Esq. Kan Ying Po, Esq. ChanChingBbek, Eng. FangPing Wah Eng.

plete Foreign Banking Service in the principal Markets of the world.

Interest Rates on Application.

D. M. BIGGAB,

buyers at $225, $185 and $439 respectively. Closing tone quiet but steady.

BUSINESS DONE DURING

THE WEEK Hongkong Bank, $1420, $1415, $1400. $1410, $1400, $1420. Bank of East Asia; $65). Canton Insurance, $220, $222.

$221.

Union Insurance, $478, $480. China Underwriters, $0.50. Hongkong Fires, $185. Douglases $65).

Wharves, $117, $119; $120, Docks (Old), $17), « Dock (New), $153, $17. Providents (Qld), $3.45: Hotels, $8.90, $6.85, $84. Lands, $36), #37.

Tramways,

$17.

$17, $17.15,

FINANCE

SECURITIES AND COMMODITIES

Messrs. White, White & Co. have received the following com- ments from Messrs. Carl M. Loeb, Rhoades & Co. on the various New York markets:-

SECURITIES

The report that Chile proposes a tax on copper caused general. proat-taking, which was well absorbed. There was more interest in oil issues, which are intrinsically cheap and enter- ing the best season.

STOCK

Borden Company National Dairy Crane Company

EARNINGS

Period Yr. 31/12

1938 $ 1.81 .5 1.69 $1.53

$380,898 $9,765,126

1937 $1.43

STATISTICS

Week ended 25/2

Week ended 4/3

561.000

π

76.8

76.7

WHEAT

Carloadings (Assoq, of American

Railroads) Department of Labour's Whole-

sale Commodity Price.

A dull and featureless market.

COTTON

599,000 cars

There was some short covering and trade buying on the Sen- ate Agricultural Committee's approval of the Smith BIL

N

"

RUBBER There was some Fästern selling, but this was readily absorbed.

HIDES

Trade sentiment is improving.

COCOA

SATURDAY, MARCH 11, 1939. -PAGE 13

PRESIDENT LINER

SAILINGS

SPECIAL RETURN FARES HONGKONG TO THE UNITED STATES EFFECTIVE IMMEDIATELY FOR SAILINGS beginning with

8.S. PRESIDENT PIERCE "May 19th

~ and including all sailings up to

8.S. PRESIDENT ÜLEVELAND October 21st Return Limit Six Months,

MINIMUM ROUND TRIP FARES

8.8. PRESIDENT COOLIDGE

First Class Special Class

First Class

Tourist Clase

382.00

San Francisco Los Angeles US8637.00 US$652.00 390.00

-592.00

322.00

8.8, PRESIDENT CLEVELAND, PIERCE and TAFT

607.00

330.00

AMERICAN PRESIDENT LINES

ROUND WORLD SERVICES

TEL. 28171.

A quiet market.

$17.10 WEEKLY RETURNS

AND REPORTS

BANK OF ENGLAND

London, March > (Reuter).

Maz. 1

12, PRODER ST.

£

Mar 9 ↓

.11,640

11.450.

110,360

97,420

Other Accounts. Total

36.540

35,800

148,010

133,220

Government Securities

99,050

Other Becurities:—

Discounts and Advances

6,350

3,360*

Securities

22,400

22,400

"Total

28,760

25,760

Notes and Coins

49.970

47,900

Total Bullion

227,420

227,070

473,450

479,180

Ratio of Reserve to Liabilities

*Correct.

$0.08%

33.10%

Star Ferries, $671, $87.85, $67). China Lights (Old), $8.70. .. China Lights (New), $6. Electrics, $58), $584, $58,65, $58). Dairy Farma, $251, $26, $284. Watsons, $7.90, $7.95, $8. Matsmans (London), 15/8./ Marsmane (HK), 4/7), 5/-. CLOSING QUOTATIONS—3.30 PM CHANGES

BUYERS

Union Ins., $475. ». H.K. Fire In 3188. Watsons, $8.15. Marsmans (HK), 5/3.

SELLERS

Providents (Old), 38.45.. Providents (New), $6.30.

SALES

Hongkong Bank, $1400/55. Canton Insurance, $225, HK. Docks (Old), $173/.85 Raubs, $8).

H.K. Tradways, $17/17,10,' China Lights (Old), $3.85. Watsons. $8/8

HONGKONG

SHAREBROKERS'

ASSOCIATION

STOCK Union Ins.

Volume of Business Transacted on Friday, March 10

No. of Shares Price 141 $480.00 25 ·485,00 67.50 6.85 23.00

2,776,726.76

SAFE DEPOSIT BOXES

Star Ferries Hotels

300

1,000

Head Office: HONG KONG No. 10 Des Voeux Road, Central,

This Bank is entirely oward by Telephones (0.).

Tas CHABE NATIONAL BANE, Watsons NEW YORK with Resources over 1.8. $2,500,000,000.

-800.

500

8.15 8.30

1,000

8.65

2,000

8.75

Manager.

.500.

8.80

(Apr. delivery) 500

San Mauricio

1,000 (Mar. delivery) 300 25 Indo-China (Del.)...

(Pret.) 25 5,000

136

8,50 8.90 8.80 20.00 50.00.

3.824

1,000 Ps.2.25"

Atoks

2,000

.. 0.38.

Street,

1.X.L..

1,000

0.87

5,000

29.00

£1,200,000 £1,050,000

21,273

Kan Tong Po, Esq., Chief Managor: " Li The Fong, Eaş., Manager...

Branches and Agencias :---

Panaly Ragoon

Balgon Melbourne Ban Tran- Nagmaaks

Amoy Babayta Bombay

Kowloon

London

Hands

Valostia

Опас Halphong Buikow Homolata Kabe

Sourabaya Swktow Bydney Taiboks Tientsin TOLTO

New York Seattle

Bemarang Vancouver Par

Shanghai Tokohama Paiping Bingapore

..

THE MERCANTILE BANK OF INDIA, LIMITED

Head Offco:~15, Gracechurch

London, EC.3

Authorised Capital

Jabaribed Capital

Pald-up Capital

Reserve Fund and Hest,”

BANKERS:

The Bank of England and Midland

Bank. Ltd. BRANCHES:

Bangkok

Every description of Banking and Exchange business transacted. Loans granted од approved securities

Current Accounts opened in Loan Bombay Currency and Fixed Deposits re-Calcuti

Colombo ceived for year or shorter Deni periods in Local and Foreign Cur-Galle rencies on term which will boongkong

Howar

оде

quoted on application.

Sale Deposit Boxes To Let

KAN TONG PO,

Chat Kanager.

BANK OF CHINA

Specially Chartered by THE NATIONAL GOVERNMENT OF CHINA AS AN INTERNATIONAL EXCHANGE

RANK PAID-UP CAPITAL $40,000,000,00 (BRANCHES ALL OVER CHINA) Owing to our numerous: Branches in China and connections in the principal Commercial Centres of the World, we are able to extand to our Clienta special facilities for Domestic and Foreign Banking and Exchange..

Head Office: BHANGHAI Hong Kong Branch:

4, QUEEN'S ROAD, C. South China Officea

CANTON

SWATOW

SHIUCHOW

KONGMOON TOISHAN KINGOHOW

We also handle the issue of Bonds and other Public Funds of the Chinese Government both, at Home and Abroad.

SHOU JOHEN,

Manager

"

Ipoh Kaantag Kandy

Demonstrations

Public Deposits Other Deposits:---

Bankers

...Notes in circulation

FEDERAL RESERVE SYSTEM

New York, March 9 (Reuter).

Bila Bought

U.S. "Securities held

Federal Reserve Ratio:

Federal Reserve Credit Outstanding. Monetary Gold Stock Industrial Advance

BRITISH TRADE AT STANDSTILL

Chefoo & Weihaiwei Difficulties

14,888,000 .. 14,923,000 14,688,000 $14,132,000

Lloyd

Friest

FORTNIGHTLY"

EXPRESS SERVICE

FAR EAST-INDIA--YTAKT

Hongkong-London 23 days Hongkong-Italy

21 days

SCHEDULE OF SAILING FROM HONGKONG

TO MANILA, SINGAPORE, COLOMBO, BOMBAY, EGYPT"

#ITALY

TO SHANGHAI

18th Mar.

(000's 'omitted) 1,000' 3.564,000

84.86%

2,580,000

1,000 2.564,000 84.47% 2,565,000

ILT. "VICTORIATM

23th Mar.

m.v. "VICTORIA"

"CONTE VERDE"

7th Apr.

a

"CONTE VERDE 31st Mar.

. "C. BLANCAMANO" 29th Apr.

a.

C. BIANCAMANO” s3rd Apr.

B.

5th May...

20th May.

LAST MINUTE CHANGE

North China And National Currency

LONDON, Mar. 9 (Reuter)—Asked PEKING, Mar 10 (Reuter) whether he was aware that British A last minute change. in the plan trade in Chefoo and Welhafwel to make old National currency were at a standstill owing to the legal throughout North China refusal of the Japanese authorities from Mar. 11, was made yes- to permit cargoes to be exported terday when the -Provisional unless they were financed through Government announced that from the Yokohama Specie Bank, Mr. Mar. 11 North China" would be R. A. Butler. Under-Secretary for divided into two zones for cur- Foreign" Anairs, replying to the rency purposes--the Federal Re- question in the House of Commons serve Zone and the "Bandit" yesterday, said: "Yes and

the zone... Foreign Secretary (Lord Hallfax)

The Federal Reserve Zone' was is in communication with Sir limited to eleven towns in Ho-j Robert Craigle, British Ambassador el, Shantung. Shansi and Ro- in Japan, in regard to the whole nan, including Peking. Tientsin. question of the trade and exchange Tsingtao and Chetco, where control measures which have been people found to be carrying old introduced in North China ports." currency were liable to a fine and property confiscation after Mar. 11.

0.13 OUTLOOK IN Mambulao Consol....10,000 0.20

THE MOTOR INDUSTRY:

Philippine. Gold Mining Quotations

Antȧmoks

444

381

27

For the year ending September 30, 1938. the output of both private

and commercial vehicles.

13.60 showed a decline compared with

Friday, March 10.

Atoks......

1 Madra

Baguio Gold

New York

Benguet Consol

Penang

Coco Grove

the previous year, for the first time

Hangnam

#hanzha

134

since 1931 in the case of private

'Kuala Lipia

Simla

IX.L

68

Kuala Lumper

diurspers

Kaala Trenggan

Paracale Gumaus

151

HONGKONG BRANCH.

San Mauricio

Karachi

Kota Bhar

Demonstrations

Every dooripiden of Banking and Exchange | Buyoc (Caniol.

niness transacted.

Travellers Chequer · Laimed,

TRUSTER AND EXECUTORSHIP UNDERTAKEN.

CURRENT ACCOUNT opened in 1ool Car erky and PIXED DEPOSITs received in Loent Carrency, STERLING & U, S. DOLLARS on terma awowtained on application.

D. BENSON,

People Who Matter

PEOPLE WHO

MATTER, to the advertiser are

the people who can afford to buy,

his goods. Most

of these people

buy and read the

Hongkong Daily Press.

The order says that the circula- tion of Federal Reserve currency will be extended to other places as the Japanese military operations extend.

CONSIGNEES' NOTICE.

From LEITH, MIDDLESBRO', ANTWERP LONDON

cars and since 1932 in that of com-THE BEN LINE STRAMBES, LAND. mercial vehicles. The fall in the 2.25 case of private care amounted to 12.1 per cent, and in the case of commercial vehicles | to 10.9 per cent., in comparison with increases in 1937, compared with 1996 of 10.4

214

United Paracales

71

Market Comment—Quiet.

AND STRAITS

*

THE S.8. BENGLOE.” "NONSIGNEES" of Cango-are-haruby

landed at their risk into the hegedoen

per cent, and 9.8 per cent, respeed what All Goods are being

tively."

To

With the General Bonded

BANK OF FRANCE fall in production in the past and/or astus hardous Godoms of the NOTE CIRCULATION your was not altogether unforeseen, Hoke Koss D Kowloon WRAST S and it was pointed out in them. Godown Colerain, staro, iwhanze and/or PARIS, Mar. 9 (Renter) The re- articies last year that the general from the wharm Delivery may be turn of the Bank of France for the increase in the cost of living, obtained. week ended March 1, shows Gold coupled with the price increases

*No Clube will be som

after the reserves totaling $7,268,000,000 made by the majority or motor Goods have left the Godowns, and all Francs of Gold content 27.5 milli- manufacturers, would probably re- 14th Marų 1939, will be subject to rent Goods remaining undelivered after the grammes, showing no change from mult in some reduction of demand. All Claims against the Steamer manaj the previous week.

The high level of raw material be presented to the Underagued on at The total note circulation is prices and the fact that comes before the 28th Mar., 1930, or they will given as 114,155,000,000 Francstion has been still further intens: not bracogniazdam show an increase of 2,993,000,000 ned by the introduction of new Warnhouse Regulations

comply Francs, as compared with the pre-models by several firms has result- must haves Aereane (Jfficer in sign vious week.

ed in a more serious drop in the soon when damaged

red datable prouts of most of the leading are examined,

All broken, chafed and damaged Goode manufacturers than would have

be examined on the 13th Mar, BERLIN, Mar. 9 (Reuter) The been expected solely on account of to be left in the Godown whe 1939, at 5 am, by Mem, Carmiabuel return of the German Reichsbank, the fall in output.

Clarke for the period ended February 27, gives the total note circulation as 7,737,000,000 Reichsmarics, showing 6 decrease of 202,000,000 Reichs marks as compared with the period ended February 19,

HEICHSBANK NOTE 'CIRCULATION DE

The effect of falling demando Tire Insurance has been

of course, always particulary severe Bill of Lading will by coun

sed by in a mass-production idustry much w, E. LOXLEY & CO. (CHINA) Lmn. as the motor trade, since a high

proportion of total manufacturing Hong Kong, Zih) costs consists of overheads.

1989

"CONTE ROSSO". 12th May. "CONTE ROSSO" m.r. "VICTORIA" 27th May .. "VICTORIA”

LLOYD

TRIESTINO

PO. Box 143, Tel. Address "Lloydiano"-Telephones 32082 Passenge

32983 Freight.

HAMBURG-AMERIKA LINIE

Far Eastern Mail, Passenger & Freight Service

Through bookings to America via Europe and Exrope via America. Bookings around the world. Through bookings to Tondon.

OUTWARD SAILINGS 8.4. "NEUMARK*........... for Shai,, Dairen, Taku, Y'hama.

Kobe, Osaka.. *m.v. "RAMSES”.........tor Shanghai, Dairen, Y'hama,

Kobe

..th. Mar. m.r. KULMERLAND * for Shanghai, Dairen. Taku,

Tsingtao, Y hama, Kobe, Oraka Bib April HOMEWARD SAILINGS

m..BURGENLAND" for Genoa, B'dam, Bamburg ... 22nd Mar. "OLDENBURG”/1.Genos, A’'warp, B'dam B'bug....30th Mar. «m.y, “RAMSES"......for Genos, Antwerp, E'daw, H'burg 25th April *Freighter with Passenger Accommodation.

For further particulars and passage fares, etc, apply to:-

HAMBURG-AMERIKA LINIE

JEBSEN & CO., Anawen.

18, Fødder Street, Tel. 31205-8,-

CANTON AGENTS: CARLOWITZ & CO., Shakee Rond

MAERSK LINE

Fast regular FREIGHT and PASSENGER SERVICE

"HHANGHAI 214 JAPAN

LOS ANGELES, PANAMA, NEW YORK, BOSTON PHILADELPHIA & BALTIMORE.

Il sufficient inducement offers also, other porta of culk Arrivals from - UBA

April

MY. "HULDA MAERSK” MVMARCHEN MAERSK ".. M.V. HACADIA PAR M.V. MANNA MAERSK".

Bailings to DBA

17th Mar, 17th Mar.

7th April

voje ((All dates are subject to alteration without notics.)

ĮBYUEULENT ACCOMMODATION FOR PASSENUKĘS AT MODERATE RATES.

Tor Freight and Passage please apply 1---

JEBSEN & CO.

Canton Shansen, B.G. Agents Bong Kong Pedder Buikling:

Ta 10016,

Tel 31205-6. Bwatow Agents GEBR ROESE, Fel 1663