......

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised Capital comm

2010 $54,000,000

Issued and Fully Paid-up. 636,000,000 Herre Tende ¦---

#berling £6,000,000

Düver.14,000,003

Booneve Liability of Proprietors 10,000,000

HEAD OFFICE: Honakera,

COUET OF DIRECTORS-

A. II. Complas. Esq.

Chair

N. B. Brown, Eng.

Deputy Chilman.

19. II. Ball, Esq.

W. L. Palisadoo, Zag, H. Mr. B. D. F. Delth, 3. A. Plummer, Esq. H. Kr. C. G. B. Mackie, T. 0. Wad, Eng.

II. P. White, Esq.

Chlef Manage

Hon. Ms. &. 0. Hysen.

BRANDUES |—

AMDY

LONDON

BANGKOK

LYOW

BATAVIA

KALADOA

BOMBAY

MANILA

HOULDEN

CALOUTTA

CANTON

CLIEFOO

COLOMBO

NAGASAKT

NEW YOBX

TEKING

PENANO

KANGOON 81100N

DAIKEN POOKKOW

KAIPHONG

RAMBUHO

- SAN PRANG1800

HANKOW

HABBIN

'HONOKEW

1LOULO

IPOH

JOHOR

KOLE

KUALA LUMPUR

HILANGELAT

БІМОАРОВ

BOURADAYA

SUNORI PATAKE

TIENTHIN

TORYC

TSINGTAO YOKOHAMA

Carreal Arounle spound in Local Darzaner

and Fixed Depoella rebated for one your be shorter perioda in Local Cursoy and la starts which will be quoted on sepitousion. Blog Loug, diḥ June, 192).

HỒNG KONG SAVINGS BANK,

The Business of the shore Bank le vendusk by the HONGKONG AND BUANGHAL BANKING CORPORATION, Bules may be obraled on application.

РОВ ТИЕ понакоха

BANKING CORPORATION.

ABHANSKAT

A. 0. HYNES,

Clist Manager

Hong Kong. th September, 1937,

NEDERLANDSCHE HÅNDEL

MAATSCHAPPIJ.

行銀商工法中

BANQUE FRANCO-CHINOISE

pour 'le

Commerce et l'Industrie (Incorporated in France).

'Prince's Building, Chater Road,

Hoar Kor.

HEAD OFFICE:

74, Rue St. Lazaro, Paris. Capital fully paid up....Fra.50,000,000

THE CHINA MAIL,

COMMERCE

AND

FINANCE.

traction had taken place of an- other $3,200,000,000 of credit.

TUESDAY, AUGUST 14, 1928.

steps to make money conditions easy, so that gold would go out for the good of all concerned.

HONG KONG TIDE.

AVAILABLE CREDIT.

The tide-table given below has been In the meantime, the big market 000,000 in available crodit explains the easy money conditions, help for the better prediction of tides, from This total reduction of $7,200 operators were making the most of obtained by ald of the Tide-predicting Machine, which includes 40 componente the steady, advance which has ed by the Federal Reserve first the result of the analysis of the tidel occurred in the open market rate in reducing the rediscount rate on call or Stock Exchange loans throughout the country, and then observations, taken at the Kaulung until the opening of July, when in buying Government securities in of Dr. Doberck during the years 1867,

dividend requirements, estimated

tidal observatory under the direction

1888 and 1880,

The times and heights are given' for

Upecial working capital ..Fra.50,000,000 TROUBLE ON THE YOKOHAMA | CONTRACTION OF CREDIF-AND \ at the highest level in eight years. a few years ago and that which Kaslong; but they may be used for

Reserves

BRANCHES:

Fra 22,319,00#

Paris, Lyona, Marssilles, Saigon Ewphone, Hanoi Toureae, Quindion: Huh Thành hoa, Vinh, Phom Penh

Peking, Shanghai, Tlentain, Hong Kong.

NEW

BANKERS:

Irving Trust Co., Banca Commer clalo Italiana.

EXCHANGE.

OFFICIAL EXAMINATION.

GOLD EXPORTS.

RATE REDISCOUNT.

the Victoria Naval Yard and Aber-

doen, the differences being very small. The timer of high-and low-water must not be considered to coincide with the times of slack-water and change of current, the two phenomena being quite distinct.

August

Brandard Times

August 10 to 16, 1928.

DATE BIO WATER LOWER WATER-

Standar Times

Ht

Ht.

Fri. 10 m3 08 #.0 89a4.1

m 11 40 1.3

SILK CONDITIONING. | FEDERAL RESERVE. the heavy July 1 interest and the open market.

between The difference

the at $750,000,000, saw call money speculative market movement of Exactly a year ago conferences commenced last summer was that were being hold in New York and the former had a solid foundation, at Washington between officials of It started from a low price level the New York Federal Reserve and was helped by an unprecedent

of the Federaf ed abundance of easy money. Bank, officials New York, July 11. According to the "Chugai

Reserve Board at Washington and The foundation of the recent Much violent and bitter criticism the visiting officials of European speculative movement was waaken- Shogyo," the Committee of the

What actually ed by the heavy gold exports, by FRANCE: Boelote Ganerais, Banque

Nationale de Credit, Banque de Yokohama Bilk Exchange is facing was heard in Wall Street to-day of central banks.

an increase of over $1,000,000,000 Paris et des Pays Bas.

Federal Reservo from those occurred at these meetings was a knotty problem in the quality of the

kept a secret, but in one way or in brokers' loans, by rapidly ex- LONDON-Xidland Bank Ltd.

American Exchange raw silk handled. There are 20,000 favouring a continued bull stock another it was learned that the panding borrowings of member Some even went to the subject uppermost in discussion banks from the Federal Reserve so already graded by the market. lbs, or Yokohama Conditioning House length of offering to bet that It in was how some of our unprecedent banks to keep the stock market against delivery, but on inspection only a question of time until the ed gold holdings could be export- not boiling, and finally by the sell- the Committee has found these law creating the Federal Reserve goods are much below the standard will be repealed.

The advance in the Chicago gold, or holdings, at which spot business goes on. Undar the law operative from the rediscount rate to 5 per cent. has 1914.

in

A Hull unemployed man, after Taes. 14 m 7 64 76 THE CHARTERED BANK OF 1st instant the Committee is not raised the question" of the like-conference held here then that the receiving out-relief for two years, Wed. 13 m 845 7.

Bank to New found that his wife had a banking authorised to deliver goods morelihood of New York raising its rate Federal Reserve INDIA, AUSTRALIA & CHINA.

York and the Federal Reserve account, and his offer to repay the than a grade above or below the

. a so, In this event the repercus-

Board at Washington would take guardians has been accepted. fixed standard, and the Committee is endeavouring to smooth out the sion might be felt in Europe, £3,000,000 dimeulty with the assistance of particularly in the London money £4,000,000 conditioning experts, governmental market. £3,000,000 and private. The crux of the pro-

SAN FRANCISCO:-Bank of Italy.

Every description of Banking and Exchange Business Transacted. Cor respondants throughout the world.

L. BERNIS,

Manager. Hong Kong, 3rd August, 1928,

Incorporated by Royal Charter, 1853, HEAD OFFICE: LONDON. Paid-up Capital- Reserve Fund Reserve Liability of Proprio-

tors

Agencies and Branches:

KUCHINU

ALOR STÄR

(Malay Blate) AMHITBAN

BANGFOK BATAVIA BOMBAY CALOUTTA САНТОЙ GAWKFORE 1200 COLOM DO DELHI

HADRAB MANILA MEDAN. NEW YORK

PEKING FENANO PESHAWA BANDOOX HALUON

SEMARANG KEREMBAN HUANGUAL

(PILL.B.)

TIESTRIN

.

KAIPHONG

HAMBURO

SINGAPORE

HASTOW

SOZBABAYA

HARDIN (N. Maneduria)

TAIPINO

TOHE XONG

110110

TAVOY

4

ПРОЦ

KARLORI

J

KORM

KUALA KANGSAR

FOAM (7.M.B.)

KUALA LUMPUR

(NETHERLANDS TRADING BOCIETT)

BANKERS,

Betabilskad 1924,

Hong Kong Offon:-11 Queen's Hoad Central.

Autherland Capite!

Pald-Up Capital

KLAVO

TOKIU

TONGKAT (Bbukai)

TUINSTAO YOXQILAMA

ing business transacted.

Islands)

I

John W. Gates, known as "Bet blem lies in the disposal of the You a Million Gates," a product of the merger bull stock market 20,000 ibs. already conditioned,

The raw silk handled on the period of a quarter of a century this saying: "Every Yokohama Exchange is graded by age, had machinery and by the eye. Those man's pocket-book has a bottom. already graded are marked very That includes banks as well as high. The marks stand 6 or 10 individuals. If that wasn't so I higher than the standard, or a could beat this stock market game grade or two better than that mark-with my eyes shut,"

Gatca knew what he was talking ed by private experts. This shows

his After

spectacular that the marks given by the Yoko-about.

hama Conditioning House are too stock market career he left Wall liberal but the difficulty remains Street when he had dropped many that the stocks so marked cannot millions in the panle of 1907, be delivered even if they are re-laughingly admitting he was "not duced a grado or two. Unless some broke but so, badly bent he had to Foreign Exchange and General Bank- adequate measure is taken, the busi-walk sidewise. Subsequently he Guidare 180,000,000-

Current Accounts opened and Fixed ness conducted on time on the made up his stock market losses Deposita received for 1 year or shorter Yokohama Exchange will not pro- by promoting the cĢullès

(26,566,875.)

periods at rates which will be quoted ceed along the right lines. The

Company. Rose Fund Olá 40,000,000-

on application, (ALB)

situation will be appreciated when it is observed that the raw silk of manufactured by the firms Koyama and Yamajyu and submit [ted by the Hirose Shoten for con- ditioning was given an average mark of 81 by the Conditioning House, although, if conditioned by private exports.

M

Hodice:AMSTERDAM'). "Eastern' Hoid bé 1-BATAVIA. BRANCHES Bandjarmen Beadowg') Bombay,

Calcutta, Charbon, idea, Djembe, jokjakaris'), The Hagua'), Kobe

- Hole Kadja, Kalamar, Medan, Padang Palembang. Pokalougas, P Planck, Rangood, Rotterdam”).

Bhanghai, Sibolg Barebels Boskaria Tugal, Millating and

(Bumal),

**Those offiona kilité sata-deposit box to lat. London Beakers National Provinalai Bank Ind.

Cartepoodinia sil over the world

Backlig buslasse di syairy,

description ususasted

O, STEZNSTRA.

Hong Kong, sis July, 1997.

Mangu.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

06, Boulevard Haussman, Paris.

Subscribed Capital.. Fra. 72,000,000.00 Paid-Up Capital Reserve Fund

Fzs, 58,400,000.00 ...Fre. 89 284519,10 BRANCHER: Hano!

|

Quinhon

Battambang Hong Kong Saigon

Bangkok

Canthe

Mengtze Shanghal Canton Num-Dinh Singapore

Teatain Noumea Dijbouti Fart-Bayard Papeste Tour ng Haiphong Peking Vinh Hankow Prom-Penh Yunnanfo

Pondicherry BANKERS:

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais; Banque de Paris et des Pays-Bas Credit Industrial et Commercial; Bociate Generals.

IN LONDON: The National Pro vincial & Union Bank of England, Ltd.; Comptoir National d'Escompte de Parii; Credit Lyonnais.

IN NEW YORK: J: P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York.

Interest allowed on Current Accounta and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted. Bate Deposit Boxes to let

CH. LEM,

Manager.

Hong Kong, 1st May, 1928.

A. EL FERGUSON,

Manager. Hong Kong, 3rd April, 1028.

THE BANK OF TAIWAN, LTD.

(TAIWAN GINKO).

HEAD OFFICE:-Talpoh, Formosa Incorporated by Special Imperial Charter, 1899,

Central Bank in Formosa. issued Bank-Notes

Yen $6,000,000 Average amount

BRANCHES AND AGENCIES: JAPAN: Tokyo, Yokohama, Kobe,

Osaka.

FORMOSA-Giran, Kagi, Karenko,

BOTTOM TO EVERYTHING. Our long-sustained bull stock market has created scorea like Gates, who are now Anding out, as Gates did a quarter of a century ago, that there is a bottom to overy pocket-book, including that

ed.

HALF WORLD'S HOLDINGS. We then had $4,600,000,000 half the world's gold against $1,800,000,000 It was agreed at the

1

ing of Government securities by the Bat. It m 488 | 6,5 Federal Reserve.

Sun. 19 m 6 30 7.0 8 € 4.8 Mon, 11 m 58 7.3 9 36 41

10 14 4.4

10 7 3.8

1.7

1 338 15114

m 0 @3.8

2 93 0.8.

13.7

3 19 0.8

m 2 334

3 LBD.B

10 47 4.5

Thurs 16 m → 81 7.7 11 16 4.0

m 2 61 19

430 a 0.8

HONG KONG MARKET PRODUCE.

Bullock's Brains

APPROXIMATE RETAIL

Rutcher Meat.

July, 20, June, June,

1928. 1918. 1914.

PRICES.

Poultry.

麻麻

Eggs, Hen (cooking)..

Egga, Hon (fresh)

Pigeons, Canton

+

-Holbow

Turkeys, Hen

本地

火购

口辣湯

July, 20, June, June,

1928, 1918, 1914.

49818888999.983

UTE

86

60

45

40

each 60

45

55

མཐུ བ རསྨིཾ། ད༅ བཙྩེརྞྞམྦྷ

sach

នឌន ឌ ឌ នននន ឌ | វ | | |

21

20

24

A**281 22882

Cla. Ctr. Cts.

Cta. Cia. Ct.

Beef Sirloin

4 RE

lb. 18

11

Chicken

Prime Cut ...

2g

78 12

1b.

45

Corned

23 12

Capons, Small

40

#1

»

Roast

28

24

22

Capona, Larga

50

50

28

Back

Breast

24

20 18

22

"

21

Soup

28 30 18

Doves ****

cach 80

Steak

28

per doz. 80

24

+

Steak Sirlola

30 40

85

~ Skasages

40

26

20

Fowls, Canton

per set 15

10 12

Fowis, Hainan

Texas Oil

#

P

Tongue, fresh.. Tongue, corned Head

each 65 60 60

Geesa

40

#

$1.20

-$1.20

Heart

1b. 24 18

14.

Turkeys, Cock

*

Hump, Balt

20

18

Feet

H

each 8

10

13

Salpe

Kidneys

#

19

16 10 13

Pheasant

Tall

18

10 ##

Quail

Liver

*

lb. 24 18 14

Partridges

·

OFFICIAL CONDITIONING.

It would hardly of the banks. Only a comparative Calver Head & Fest.. #FFI.ast $1.20 $1.00 $1,00 reach 75. There is another difficulty few weeks ago the average Mutton Chop ty pertaining to the conditioning trader in and out of Wall Street by machinery, which often gives a was plunging in the stock market higher mark to second grade stacks in the confident bellef that there than the first manufactured by the was no end in sight to easy money. Pig's Chitlings

He is now learning differently. same filature.

That is the meaning of the third

Tripe

7

Ib.

40

28

Fruits.

P

Leg

46

20

*

Shorider Saditle

3 44

24

40-

Almondr

lb..

.70

80

17

19

+

Brains

Per set 2

13

Foet

Jb. 15 15

蕺山香街

T

18

"

Fr

28. 15

18

H

SP

Head

15 20

each 14

10

M

20

Lemons, China

Heart

ench 15

10

15.

25

"

Kidneys

金山轉機 each

B

"

Lichees, Dried

Liver **** Chop

荔枝干

lb.

25

猪排

36 25

Orangen (Canton)

新會甜糭

++

88

Oranges

"

Lex

Loin

#

40 60 30

1

Fat or Lard

24

21

Pears (Canton) Peanuts

19

N

Sheep's Head & Fest..

per set po

60 - 70

Plantain

Heart..

ench 12

8

7

#

Kidneys

15

12

10

Pumelo, Siam

Walnuts

48 25

Liver

#

H

26. 25

24

Grapes

30 20 18

#

of the

In this connection Mr. Endo, Com-advance this year in the Chicago Keelung, Makong, Nanto, Shin- mitteo, states that a thoroughgoing rediscount rate by steps from 3% chiku, Taichu, Tainan, Takao,

examination is made by the Yoko-per cent. to 5 per cent.

A restriction of credit was the Tamani, Toen, Heito, Taito. CHINA:-Bhanghai, Hankow, Amoy, hama Conditioning House into the

Foochow, Swatow, Canton.

silk submitted by the Exchange. It natural outcome of the reduction Kong, OTHERS: Hong

Singapore,

would discredit operations of the Sourabaya, Semarang, Batavia, Bombay, Calcutta, London, New government experts if the grades York, Dafren.

given by them were turned up or down by mere visun! examination. It is a fact, however that the official' conditioning is not Infallible and

LONDON BANKERS: The London County Westminster and Parr's Bank.

reserves of the member Pork banks. The tightening of the monetary situation was intended to reduce the volume of brokers' loans.

OBJECT NOT ATTAINED. This object was not immediately

The Bank has Correspondents in the Command Cores in the European Continent, Hutal the mark given on the private con-attained, and until the setback in akaria, Tsingtao, Japan, Indo-China, Blam, Indie, Fallippine Thlands, Jere, Afrios, U... Auditioning

tion Deposita le Tas can be accepted.

must be taken

+4

Sust, Beef

Mution

"

into Wall Street last month no appre Sucking Pigs, to order. *Isternet scend on Current Asante, and Pized account. The situation is complic- ciable reduction in the amount of Depoise at rates which will be quoted pa. spplicated when it is remembered that the brokers or collateral loans was

Committee is allowed to turn up ex noticeable. Since the first week rekl J. IHARA,

down by only one degree the grades of June a change has occurred

» Sausages given through both forms of con- and the reduction in brokers ditioning. When the mark given on loans exceeds $400,000,000.

HONG HONG-BRANCH;

Manager,

8, Des Voeux Road Central. Hong Kong, 22nd September, 1927.

THE BANK OF CHINA.

行銀國中

(Specially Authorised by Presidential

Mandate of the Republic of China

on the 22nd of November, 1917).

Authorised Capits! Paid-up Capital Reserve Fund

HEAD OFFICE: PEKING. -

""

HONG KONG BRANCH:

4, Queen's Road Central

the machine examination varies re-

The highest total for brokers

markably with the gradation given loans was $4,569,240,000, attained

Dace

by the trade, there is no provision on June 6 last. At that level Barbel for dealing with the problem. they were $760,000,000 greater Bream Should the official mark require than at the beginning of this year Canton Fresh Y, 30 by the standard price, but the and over $1,000,000,000 larger Water Fish. market give Y.10, the margin would than at the end of last August, Carp have to be paid by the buyer. In In the last three weeks of June Catfish $60,000,000.00

18,278,600.00 the opposite case the seller would these loans have decreased by over Codfish

Grabe..... 9,029,425.84 be paid less. This interferes with $400,000,000.

the smooth run of business and During June the estimated depre-Cuttle Fish should be eliminated. But to do so, clation of values on New York Dab... the law must be modified, which Stock Exchange was about $1,550, cannot be done after the lapse of 000,000.

Taking the past year, Dog Fish Branches and Sub-branches all over one year. The only way open in in only three other months of that Eels, Conger China and Correspondents in Europe the circumstances is to eliminate period has there been heavy THE YOKOHAMA SPECIE BANK, America, and other parts of the world

London Bankers: The National Pro visually the discrepancy in grades liquidation in the stock markets.

Froga vincial and Union Bank of England, of stocks handled on the Exchange Including June, the depreciation Garoupa

and in the spot market.

in the four months amounts to Gudgeon The Guaranty Trust Company of

Later reports say that a provi- $8,380,000,000. As regards the Herrings New York.

New York Bankers: The Irving slozal measure has been established other eight months, there was Halibut

to deal with the problemi. The $8,681,000,000

appreciation in Labru National Bank,

The Equitable Trust Company of marks of the Conditioning House Stock Exchange values,

That is Loach New York.

Interest allowed on Current Accounts are to be respected, but when they something to think about in the Lobsters. and Fized Deposita. Terms on applica- vary much with the marks on the light of the latest development in Mackerel

apot market, they are to be put up the money market.

LIMITED.

Established 1880.

Capital (fully paid-up) Yen 100,000,000 Ten 29,500,000 Reserve fund

Head Office:-YOKOHAMA.~.

Branches and Agencion ut:

Newchwerg.

Alexandria.

Batavia.

Bombay.

Buenos AyrsK.

Calcutta.

Canton.

Changchun. Dairen (Dalny). Fengtien (Mukden). Hamburg Hankow. Harbis.... Heng Kong Honolulu.

New York.

"Osaka.

Pelding." Kangoon. Rio de Janairo. Saigon.

San Francisco.

Seattle.

Semarang. Shangha ShimonosekL

Bingapore. Boerabaya. Bydney. Karachi. Tientsin. Kebe.

Kal Tue

London,

Los Angeles.

Lyons.

Manila.

Nayasakl

- Tokyo..."

Tsinanfu. Tsingtan, Vladivostok

(Temporarily closed). Interest allowed on Current Accounts, Deposits received for fixed-periods at ratés to be obtained on application

H. MORL

Kagaya..

Eong 12th March, 192k

****

10 16

1b. 48 80

48 28 25 20 80

20

No. 1..

Fish.

15.

19 24

20 16

RE

29 18 18

1

82 16 27:

14

24 12

80

20 25

26

28

18

20 16

35 23 10

***H&H BANS**88*8*4534

Apples (California) ..

Bananas (bride')

Carambola

Cocoanuts

Lemons (America)

Persimmons, Large ...

#

***

22 1988

.35

+

24

སྨྲཧྨ7སྒྱུ བྷཱཝཿ8 | | |2

སྱཱ ཋ སྐྲ།|,

#

19

*

each 12

12

lb.

Vegetables, &c.

Beach

Artichokes Beans, Spront

Losg Best Root Bitter Squash Drinjals, Green

Red *****

Cabbage, Chinese ...

(Shanghai).

Cane Shoots, busch .......

大輝榮花 each

11

Bed

Green

紅辣

***

Carry Stuff, English •• #★#

Cucumbers

||

12

8

| ̄ . || | ⠀ |88811

Cauliflower (Large) ..

(Medium).

(Small) ..

中醫花

謝娜榮花

88 20

Carrots

16.

6 6.

肚沙

18 10 8

27 16

Celery, Chinasa Chillies, Dried

215

Fresh Water

80 10

#

10 16

H

Yellow

21

26 30

88

12

32 26 40 -80

8

2.

22 18

Garlic...

18

28

28

.18 16

24

22 18

45. 22. 24

66

82 21

Indian Corn

36

-ZO 26,

Lettuce

48 18 2

25 182

55 16 22

tion,

Monk Fish Every description of Banking Bual or down by one grade. Those In Wall Street and throughout Mallet ... ness transacted.

Loans granted on approved securities, stocks which cannot be del vered the country the Federal Reserve Oyatera Special facilities for Home Ex-without modifying the grade more system is being criticised severely Parrot Fish change.

than one degree are to be rejected. for the policy adopted, several Perch SHOU J. CHEN,.

Those, stock which fail to come up months ago of selling holdings of Pike Manager.

to the standard when subjected to Government securities in the open Plaica THE BANK OF CANTON, LTD. inspection are to be rejected, re- market. Within the past year this Pomfret, Black

gardless of the marks obtained by technical examination. — "Japan Chronicle"

Established 1912,

Head Offee:-Hong Kong,

Kukkalmıð. Capliit (IEX. Oumaat)...$11,000,000 Paid Up Chaplini nitam 6,164,10 BRAKOHLE 100 meter Durban, Bangal" Heskus, Επιλαν Bangkok, New York and "Ban". Franzien,

LONDON PANERAS 1-1-

The Lloyd's. Bask Limbad..

N DORKRAFONDENTS

· Ex at puncipal nilar of the World,

2,000

bacioom of

Fordga, suhangu; and · bag

"This Depends' Boom (vielas, sinus) ah (m: 2007īz

LOOK POONG : BHẦN, Brandy Chief Manager. Hout Kous 19th February, 1927.

IMPORTANT CONTRACT FOR: BRITISH FIRM.

country has lost $500,000,000 of Pomfret, White gold. Under the most conserva- Prawns tive calculation this has meant a Ray contraction of $4,000,000,000 in Rock Fish the volume of credit. In addition och to this loss of gold, the Federal Salman Reserva Syatem, since the first shark Messrs. J. H. Andrew & Co, Ltd. week of January of this year, ste of Sheffield have received an order has reduced its holdings of Gov- Shrimps from America valued at between ernment securities by $400,000,000 Snapper £5,000 to £6,000 for their special through sale on the open market. So plough steel wire rods, Mr. G. W. The effect of this sale is the same T Cockburn la the representative of as though another $100,000,000 Tart This firm.

gold had been exported or a con- kur

80 14 9 25..20 15 B5, 16:

-32 28 29

35 B6.20.

20.45 10-14

10 14

13

-22 18.

88 780

Ginger, Young..

Horseradish, Shanghal.

Water Chestnuts

Mandarin. Mushrooma, Frash Okroen ik............... Onions, Bombay

Green... Shanghai ...

Parsley Potato, Sweet,

Pumpkin

Radiab

Зарацене American

Bhubarb (Fresh)

Shallots

Spinach Tomatoes

“Punt!' (Long).

BREE I

20

7- 46

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