BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Avikerland Ospital 36,000,000 - Kada Fully Pull-up 20,000.DOM

Beer Funda

Marting Bitr

£6,000,000 $30,000,000

Manovre Línbility of Proprietora" -930,898,000 HEAD OFFICE: HONGKONG,

BOARD OF DIRECTORE,

B. X. . . B. Macki

Chairman,

B. I. Dodwell, Eng. Deputy ChairmORK,

H. Xt, W. H. Ball.

B. Campion, Esq.

W. J. Inwick, E

C. C. Znight, ag,

AMOT BANGKOK BATAVIA

BOMBAY

CALCUTTA

CANTON

CHEFOO COLOMBO DAILEN POOCHOW HAIPHONG FLAMBURO HANIOW HARDIN

HONGLEW

TLAND

TINE

ZOREND

KOBL

KOWLOON

6. Milda, Eas

E. 6. Horriro, Eg

T. E. Para, Log.

T. M. Gnyburn, Eag

Calef Manager.

BRANQUES-

LONDON LYONS

MALACCA

MANILA

MUAS obce)

MURDER

NEW TOBI

PEPING

PUNARG

RANGDON

SAIGON

SAN FRANCISCO

KUALA LUMPUR SHANGHAI

SINGAPORE

GURABAYA, RUNAEI PATANI TIENTSIN TOKYO

TSINGTAO YOZONAMA

Curnal Accountantened in Local Currency and Fed Depraile bired for and year of aborter perioda la Toral Company and Sterling terme which will be quoted on application. Borg Fong, 19th April, 1994,

HONG KONG SAVINGS BANK.

The Business of the shore Bank bi conduct ad be the HONG KONG AND SHANGHAI BANKING CORPORATION, Ruim may be obtalard on application.

TOR THE HONG KONG AND SHANGWAL BANKING CORPOBATION

1. N. GRATBURM.

Hong Kong, 25th February. 1954..

THE BANK OF EAST ASIA, LTD.

Anthorlard Capital

Paldasin Cool

Rewer and Individed Profita

..... SAD AN AG ............ 47,484,000.An

DEAT OFFICE --BONG KONG

12. Des Vær Road Central.

Fir Shonen Mow, Maleman

NOARD OF DIRECTORS ——

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1888.

HEAD OFFICE: LONDON Paid-up Capital:

........£5,000,000 Reserve Fund

......£3,000,000 Reserve

Liability of Pro

prietors

... ... ... ... ... .....£3,000,000|| Agendes and Branches:

Alor Star

Tailo

A

Fatigo Balgo

Bangkok

Karachl

Semarang

Thes

Berenba

Kobe

Fhangha

·Calcutie Canton

use

Blooper

Lumpur

Corpora

Sourabaya

Cela

Telping

Colerate

WAR

Testib

Dehi

Medan

Tongkak

Haiphong

New York

(Ebuker)

Hamburg

Niping

Ingles

Taskow

(hang]

Terpasms

Harbla

Zamboangs

Kont

Szocied

Pang

GRAMES

*Eucharys and General Banking busiɔies

Comment Annoutle opened and Fixed Deposite wired for os pr or short perioda si culos Which will be poled on application.

W. H. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.]

Eriablished 1812.

Head Ofice:-Hong Kong.

Authorised Capital

Paid-up Capital

.... $11,000,000 8,855,000 82,170,492

Total Resources Branches: Canton, Toishan, Shanghai, Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd,

Foreign Exchange and Banking business of very discription tran acted.

Current Accounts opened and Fixed Deposits received for спе year or shorter periods at rates which will be quoted on application,

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG KELN,

Chief Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE PROOF BURGLAR-PROOF

DAMP PROOF!

OUR SAFE DEPOSIT VAULT

14 How Chun. Pag. 1. K. Kwok, hq. Were located

en the Mezzanine Floor

Tun Test. Pan. Chan thing Shok. E. Li Lan Our New building is Specially Con- Rang, P, Wong Che Son, Pag. and Kan instructed to provide all of these Im-

To, Ex.

Esh Tone Po, Esq. Mie! Manager.

The Pag. Eas.. Matrager.

BRANCHES AND AGENCIES :-

Enla

-

NACKS!

Yew Yo

Banka

Seattle

Seman

than

Mingspre Nouris Esta

AMAT Ruavia

Bonbay

Calcutta Canton

Սամինրոր

Pritte

Banker

tringminz

Fionolulu

Penang

Koba

Rangoon

Korines London

Rainon

Tokyo

San Francisce

Taibola Mentale

Vannodir Jokohama

Every Breniption at Beaking and Exchange boxitus Damacted.

mamurt{re

Current Arrunte

portant Qualities.

WEDNESDAY JULY

Commerce and Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS. The following is the list of local [share quotations issued to-day:

Banks.

You may obtain a Safe Deposit, Box in this meat up-to-date Vault for your own use it a very moderate Ren- tal.

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voest Road, Central,

THE

H.K. Bank, $1790 b. and sa.

IRON AND STEEL IMPROVEMENT

Output Higher Due To Strike Menace.

SPECIAL TO CHINA MAIL..

INDEFINITE

TREND RULES

NEW YORK STOCK

EXCHANGE

WALL STREETS. E. Levy And Co. And

ADF.C. Quotations.

Warning Signal To Traders.

NO EARLY RECOVERY

SPECIAL TO CHINA MAD. (By Telagraph, Copyright, Zelagra- |ceived July 4, 9.20 am).

Malanger Orduanes, 1895 Re-

NEW ADVERTISEMENTS

CUSTOMS NOTIFICATION,

THE OFFICES and STATIONS

Tof the CHINESE MARITIME

New York, Yesterday.

CUSTOMS for Kowloon and Dis- The following quotations from Netrict will be CLOSED to Public York have been received by Mesus.

8 E. Lay and the American Oriental Business on the 9th July, 1984, Finance Corporation.

being a. Customs Holiday.

Last

N.Y.Landon Cotton Det... 1212

Dec.

Close Opening Noon 505% 5054 808%

1218 12:26

1227 1291 -1240

4710

4728

Dee,

4790

4170

4780

Favourable market factors are

.1450 Washington, To-day. the reports of some short covering Wheat Sept. The United States Department and the strength of grains and cot- of Commerce has reported that the ton. Iron and steel output for June was ļ

1418

1434

1470

1485

B8%

89%

Dec.

8914

Unfavourable factors are

the

Corn-Sept.

Dec. Silk-Dec.

69%

60%

60%

1104

116b

New York, To-day. The Indefinite trend on the stock market continues to present the Silver-Sept... 4730 (By Telegraph, Copyright, Telegre trader with a warning signal. H.K. Bank (London), $132 n. Chartered Bank £161⁄4% n.

phie Massages Ordinance, 1891, Re..

Rubber Sept ceived July 4, 8.20 cm) Mercantile Bank, A. & B. 428 n.

Dec. Mercantile Bank 0, $15 n. Bank of East Asia, $90 a. Am: 0. Finance Corp., St. 120 a. China O Fin. Ord, Bh. $4 n. China 0. Fin. Pref. Sh. $5 1.

Insurances.

Canton Ins., $290 n.

·Union lo.. $540 b.

China Underwriters, $1.20 b. China Fire Ins., $510 n. FLK Fire Ins., $250 n. International Assee. $6 n.

Shipping.

Douglas, $41 b., $41 sa. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 a. Indo-Chinas (Def.), $88`m, Shell (Bearer), $50/- n. Union Waterboats, $12 b.

- Mining.

Antamoks, 67 cta. s. Balatoca, $82 n.

Baguio Gold, 36 cta. n. Benguets, 32

n.

Benguet Exploration, 20 cts, D. Benguet Goldfield, 20 cts. 3.

Big Wedge, 12 cta, n.

Gold Creek, $2 a.

Ipo Mining, $4 n.

Itogona, $5 s.

Kailan, $18/41⁄2 n.

Langkats (Single) Sh. $211⁄2 n.

S'hai Exploration, Sh. $5 n.

S'hat Loans, $6.35 n. Raube, $18.20 a.

H.K. Wharves $108 b. H.K. Docks, $15 D. S. China Motors B., $2 n. S. China Motors B., $8 n. Providents (old), $1% b., $1.80 a. Providents (new), $50 cts. n. Hongkewz, (old) Sh. $8221⁄2 n. Hongkewa (new) Sb. $320 n. New Engineerings, Sh. $5 n. Shanghai Docks, Sh, $181 n.

Cotton Mills. Ewo Cottone, Sh. $11 S'hal Cottons (old), Sh. $72 n. S'hal Cottons (new), Sh. $42 n. Zoong Sings, Sh. $114 m. Wing On Textiles, Sh. $57 1.

Lands, Hotels, etc.

the highest for the year, dus to German situation and no expecta- purchasers buying more than was]tion di a trading pick-up until sTOČKS Immediately needed in order to next week.-United Press, per S. Amer. Smeit. forestall possible strike interrup-5. Levy and Company,

Anne. Copper tions.

8. E. Lery And Company's Report Auburn The output in food products, In their market report, Messrs. cement, and electricity was slight-- E. Levy and Company, correa-Con. Gas of ly increased.

pondents for Messrs. White, Weld N.Y. land Company, New York, state:

Du Pont

The textile

90%

E. N, ENSOR,

Commissioner of Chinese Customma

Kowloon and District. York Building,

Hong Kong, 4th July, 1934.

DOLLAR-POUND STABILISATION.

58% Further Rumours Of

Pending Action,

SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Talegra- phie Afessages Ordinance, 1884. Re- 22% ceived July 4, 7-407am22)

41%

41%

42

14%

14%

14

2234

Balti Ohio

22

2234

224

49

33

32%

33

86%

88

144

30

30%

12% 47%

1214

Share Gen. Motors Business McIntyre

26% 26% 24 +

industry declined, partly due to seasonal influences, I. "Stocks: There is no change in E. Bond & plus restricted silk production, the market which continues to re- The automobile production index flect hesitation and uncertainty over feel. TÓ.

the immediate outlook. decreased by 8 per cent.

The general employment pay roll done: 100,000 shares.

Montgomery W. data showed only minor changes,

"Bonds: High-grade issues were

Nt. Distillers NY. Central lightly better and there was a good

Socony-Vac. demand for short-term Issues. Stan. Oil NJ.. Second-grade bonds were fractional Un. Aircraft ly off.

U.S. Stee! Westinghouse

United Press, per S. E. Levy and Company.

EXCHANGES.

TO-DAYS QUOTATIONS.

On London.

On T.T. and demand 1/5

4 months' sight. 1/5% Credits 4 months'

sight

1/6

On New York--

On demand ..... Credita 60 days'

sight

37%

3834

On Paris-

On demand ***** 565 Credits 4 months"

sight

6971⁄4

On Japan...

On demand

On Singapore

On demand

27% 27

14%

Washington, To-day.

Respecting the London ru- mours that the Federal Reserve Governor, Mr. Harrison, will con- fer with the Governor of the 30% Bank of England, Mr. Montague 12% Norman, on Saturday in contern- 47 plation of the stabilisation of 20% the dollar and pound, it is point- 234 ed out that President Roosevelt is absent and it is believed that he 1614 434 feels that the time is not yet

15%

15%

43%

4334

174

17%

38

37%%%

37%

35% 8514

1744 ripe for permanent stabilisation. It is also pointed out that Mr. 35% Norman and Mr. Harrison fre-

Opening industrial average: 94.72. quently meet and communicated

J

"Cotton: The market was steady, with prices tending high. Trading was local and there was some Japan- ese interest.

Night Telegram Weather conditions are slightly bullish again and

The following quotations from Lon- weldon were received last night between continue to commend purchases on the hours of 5,30 p.m. and 10.30 p.m. dips.

"Silver: The market ruled steady but quiet. Business done: 67 con- tracts.

by telephone. United Press, per S. E. Levy and Company.

COPPER DIVIDEND IN U. S.

Last Close

SPECIAL TO CHINA MATU, (By Telegraph, Copyright, Telegra London Silver-Spot 21 and Fer-phic Merisgas Ordinance, 1995, Re- ward 21.

ceived July 4, 9.20 am.) The Con-

New York, To-day.. Market The Cerro Pasco Copper Corpor

ation has declared a dividend of 60 cents-United Press, per B E Levy and Company.

tinent and speculators sold. India bought and sold. closed steady:

"Rubber: The market was strong on considercable buying by both Commission Houses, the Trade and by London. We believe that prices will move higher and we continue pm, rate) to recommend purchases. Business done: Unreceived.

(Continued on Page 7) -

London Gold--137/10. London/New York Rate 5.04%

·(2)

(1

Liverpool Wheat: October 6.39 Fin prica).

Liverpool Catton: October 4/10%

(1 p.m. price).

London Rubber:

XXERXEXXXXE

Oct./Dec. 6-15/16X

buyers, 7-1/18 sellers (Opening).

List Record

London Silver-Spot 20-13/16 and

Forward 20-15/10,

India bought and sold.

The Cot

tinent and speculators sold. Market closed steady.

of

Venx: Goldfield, $7 n. Docks, etc.

On India-

On T.T. and demand 98%

Dn Shanghaf

On demand

109%

1241⁄2

LOCAL DOLLAR

On Manila-

STEADY.

On demand

74

Silver Prices Decline.

On demand

54

On Salgon-

On demand ...... 561⁄2

The local dollar remains steady. opening on demand this morning at 1/5%.

London Gold-137/74.

p.m.

Liverpool

rate).

On Bangkok--

On demand Bovereigns bank bay-

125%

1/6% 20 13/16

Spot and forward silver have declined 3/16, closing prices yes- terday being 20 18/16 and 201 15/16, respectively.

p.m.

пот. not.

Imens granted on approved AMERICAN EXPRESS COMPANY,

Bowl numery

ened in and Plant Degirmita riveired for one

YPAT

shorter parodo in Tawal and Poelen Carmenel

an term which will be qunted on application.

Kata Deposit Bloser To Tes

KAN TONG 1,

Hong Tong at March, 1984.

Chial Manager.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Taipeb, Formosa Incorporated by Special Imperial

Charter, 1899.

Contva! Nauk In Forziona Bash Sutes eauod Average amount...Yen 45.000,600 On and after August 15th, 1933, the rate of Interest or Special Current! Deposit will be at 2% pa. on daily balance and the rate for balance over, $10,000 will be quoted on application. (Maximum rate-1%).

LONDON INREILS:

Barclays Bank, Ltd.. Lloyds Rank, Lad. Midland Bank, Ind., Washpitter Bank, Ind.

INC.

Head Office: 65, Broadway, New York

Capital...

Surplus Reserves

$6,000,000.00

2,087,112.60 1,395,528.31

BRANCHÈS:-

S

Mesire City Kaples

Piracur

Paci

Triping

Interio

Steerdas

Amsterdam Antverp Allee

The Chyon

Zoba

AMOLLIES

3kal Bari

HATE

Boobay

Birman

$feld-tim-ra 1aterkan Jinp

Drones

dos Lerpool

Re

LUSIDA Lujara

Culembo Copenbayca Julia Flame

Manoliton

Monte Carlo Mani

Thank

NO

Suit

Yokom

Muro

Zurich

20

S'also

faldin

thuani Stemplom Singapor Tinsela Taormina

Branches of American Express Com-

The Bathha Correspondents in all the principal pany in Principal cities of United Commer Contews throughout the world.

HONG KONG BRANCH

E. NAGUBA.

Mgr.

Da Yous Road Central.

Hoog eg. Deembee . 1981.

THE YOKOHAMA SPECIE BANK |

LIMITED.

Established 1880

States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment accounts,

handled.

The Company offers to intending Travelers the use of its "Travelers Cheques" and Letters of Credit and, In addition, the world-wide services. of it thoroughly equipped Travel De-

Capital (folly paid-up) Yen.100,000,000|partment. Benerve Fund

Yen.122,750,000

Head Ofice:YOKOHAMA

Branches and Agencies at:

Alexandria

Batavis

Berlin

Bombay

Calentis

Canton

Dairon (Dalny)

Nagasaki Nagoya New York Ovaka

ping

Rangoon

Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Hong Long

Honolult

Brinker

Karach

Kobe

· London

Los Angulon

Manila

Mof!

San Francisco Seattle

C. H. BENSON,

General Manager.

THE MERCANTILE BANK OF INDIA, LTD.

IRID OFFICE:

24, Gracechurch Street, London, E.CA

£8,000,000

Authorized Capital

Subscribed Capital Paid-up Caplua

... 1,800,000 1,050,000 1,947,482

Reserve Fund & Rest

LINKERS The Book of Engel Midland Bank, TAB. BALMONEST

New York Fort Laude

Востродуя

Tokyo Tsingtan Yingkow

Bang' Bomley Catouils Colombe Dallu adia How Long How

Manly Kurs

Sharm Kual Tips Rail Lumpur

Tas goo Bangal

BRANCH

internet allowed on camrent c

Déponiis received for fixed periods mces is be obtained on application;

G. KISHINAMI,

Hong Kong, 11th April, 1914,

Eray Superpale of

now litasante. D

Tvardiers Chegon' hasil.

Blogpre

b

Truites and Executorship under taken

INTEREST allows on Carroak. Azomaa and alia at Bàs that may bagtametalmas Da spplantion.

4 Mangue, it; Que's Bout Dental

Four Kong, 1th June, 19847 45 modo

b.

H. and S. Hotels, $5.85 b. H.K. Landa $58 n. S'hai Lands, Sh. $27 n. Metropolitan Lands, Sh. $14 Humphreys, $10.60 m. H.K. Realties, $5 b. Asia Realties "A", Ch. $140 n. Asia Beatles "B" Sh.$20 n. Chinese Estates, $86 b. China Realtics, Sh. $18% n. China Debenture, Sh. $187 D. Public Utilitles.

H.K. Tramways, #21.10 b. Peak Trama (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% n. Yaumati Ferries, $21 b. C. Light (old) $9.10 b.

Telephone (new), $12 b. China Euzer Sh. $18.20 n. S'pore Tractions, 5/- n, .. Singapore Pref., 16/10% n.

Industrials,

| On - Batavia=

ing rate Bar Silver per oz, ...*** Bar Silver in Hong

Kong

Copper Cash

Copper Cente... 1% prem. n. Rate of Native Interest 3% pa

Chinese Sub, Coin ... 30% dis. Hong Kong Sub. Colt par.

Malabon Sugars, $12 a. Caldy Macy. (ord), Sh. #21 n. Cald: Marg. (Pref.), Sh.$19. Canton Ices, $2.70 n. Cements $290 b. ILK. Hopes; 44% 0.

Stores, etc.

London/New York Rate 8.65% (2]

p.m. price).

Wheat:

October 6.35 (1) Cotton: October 4/11% (1)

London Rubber: Oct./Dec. 6-15/16 buyers,

ayers, 7-1/16 sellers (Opening).

The London on New York cross- London Rubber: Oct./Dec. 7-1/10 | rate, which closed at £-US$5- London. Forecast of American Markets:

buyers (Noon) Market firm. 04% on Monday, closed yesterday

No

Wall Street is expected to open at U.S.$5.06, while the Lou-without any appreciable change. don on New York rate, which immediate revival in activity is anti- closed at £-U.S.$8.05% on Mon- cipated? especially as there is a holi day, closed yesterday at 4-U.S.day on July 4, which should further i

curb enterprise. *$5.00%.'

LATEST QUOTATIONS

New York, Yesterday. The following quotations have been received by Mesara. 5. E. Levy and Co., & the A.O.F.C.

July 2 Closing

A slight advance in wheat and cot ton is expected. The weather is mix ed, but moderately bullish to lower. Lower shipments may result in Armer rubber market-Reuter.

Is It Insured? ?

Insurance-All Class LOWEST RATES

Amer in Asiatic Underwriters

Fed the USAT

..

July 8.

Opening

New York Cotton:

July

11.90.

October

12.12

December

12.27

11.05 11.95 12.18 12.18 12.81 12.32

Closing

12.07 12.07 12.28 12.29 12.48 12.44

Change

Up 0.17

0.17

0.17

#

C. Light (new) $8% b.

January

12.01

12.87 12.37

HK, Electrica #72s, $72% ea.

March

12.40

12.47 12.47

12.48 12.48- 12.58 12,58

0.17

ta

0.18

#

Macao Electrica, $25 n.

May (1935)

12.50

12.56 12.56

Sandakan Lights, 48 n.

Spot

12.10

12.67.12.67

12.30

0.17

1

0.20

Telephone (old) $24% 6., $25 sa, New York Silver:

July

40.80

46.65 46.75

46.95 46.95

Up 0.15

Head Office

September

47.80

47.10 -47.10

47.45 47.45

0.15

+

December

17, The Bund

47.80

47.70 47.87

47.86 47.95

0.15

January March

48.00

48.85

May

49,00

unquoted unquoted unquoted

48:18 48.14

0.14

Shanghai.

48.67 48,67

0.18

11

49.21 49.21

0.21

New York Rubber:

July

18,91

14.05 14.15

September

14.18

December

11.56

14.84 14.34 14.70 14.71

14.27 14.27 14.52 14.52 14.89 14.90

Up 0.36

4.34

W

"

0.84

January

14.67

14.81. 14.81

15.00 16.00

···0.88

March

14.88

May

15.12

15.02 15.00 15.32 15.32

New York Silk:

July

September

December

Winnipeg Wheat:

July

December Chicago Wheat;

July

87%

September

88%

December

89%

*1.18 1.15 1,164

764

76% 75% 78% 78 77% 79 78% 79%

B7%87% 8814 88 904.90

1.11 1.13% 1.141.10

15.21 16.21 15.46 15.46

1.12 1.14

0.38

#

0.84

#

·Up 0.01

1.15% 1.76%

0.0114

1.16.1.16%

0.00%

281⁄2 751 77% 77

of 0%

0%.

77% 78%

1

87 674 Up 0%

88% 88%

0%

90TM 90%

0%

New York Bugar:

July,

1.69

1.67 1.67

September December

1.72

Chicago Com I

July September

1.80

584

1.71 1.71 1.79 180

1.65 1.66 170 1.70 1,781.78

of 0,02

0,02

0.02

December

584 68

60%

*574574/0

NOTE

New York markets

July 1

Dairy Farms $26 h.

Watsons $84, 35/80 82. Der. A. Wings, $1 a.. Lane, Crawfords, $4.40 m. Mackintosh, $21 m. Sinceres $9 n.

.

Win. Powells, 70 cts. n. Wing On (II.K.) $100 n..

Miscellaneous,

H.K. Amusements, $4 n. Entertainments, wij ni 6.C. Enterprises, $1 n. United Thestres, 6h. $2 a. Macao "Greyhounds,” #3 n. Constructions (old) $155 h Constructions (new) 70 eta, b. Ch. Govt. 8% 1925 'G # Bonds

H.K. Govt. Loans, $8%% prem. b. Wallace Harpers, 33, n. Gold River 25% sta; si Govt Loans %. prim.

October

י

1.17 1.17

ུ རྞཱན སྐྱ ་ རྟ་སྐ ིཌནེ;

General Agenta

Asia Life

Building

INTEREST

· from

JULY 1ST

ACCOUNTS

started

on or before

JULY 4TH

Draw Interest from July 1st.

START YOUR

SAVINGS ACCOUNT

TO-DAY.

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST INC.

Asia Life Building,

Hons Kore

Tel 30724.

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES" AND COMMODITIES. BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE:

CORRESPONDENTS FOR WHITE, WELD & 00, NEW YORK

HONG KONG

7 WE HOUSE STRBE)

Tel 30101 and 30108

Addre

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