BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Authorized Capital _......
Tmond and Fully Paid-up
Reserve Funds
liant, iws
Biltes
$58.000.000
Beserta Liability of Proprietor,000,000
HEAD OFFICE: HONGKONG.
BOARD OF DIRECTORS.
Hes. Mr. D. 0. 8. Mackle
+
Chairman,
B. H. Dedwall, Eag.
Bepply Chairman.
Han Mr. W. H. BU,
A. M. Compion, Kaq,
W, J. Eswick, Eaq.
C. G. Eight, Eng.
AMOT BANDEGR DATAVIA BOMBAY
CALCUTTA
CANTON
CHEFOO COLONDO
DAIREN
PODCHOW
HAIPHONO
KLAMBUNG
HANKOW
HARBIN DONGKEW ILOILO
ΤΡΩΣΙ
JOHORE
KOBE
KOWLOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Klaus
20.000.000
£ 1,300,000 $10,000,000
Paid-up Capital
Reserve. Fund,
.£3,000,000 ...£3,000,000
Reserve Liability of Pro-
prietors...
.£3,000,000
Agencies and Branches:
Albe Bar
Ibollo
flangoon
Ipak
Balgon
Engkok
-Karachi
Bemardot
Barmha
| Borobay
Xobe
Shanghal
Kusis
Kingsport
Lumpat
Hitman
Свидроге
Kuchlag
Rouba
Madra
Taiping
Colombe
Kanila
Tientsin
Dabi
Medan
Tongkah
Halphoog
New York
Hamburg
Piping
Tringtad
Hankow Harbin
(Poking) PEDARE
Yokohama
Zambous
MANILA
MUAR Jabers)
NUKDEN
NEW YORK
PEIFING
O, Bukin, Esq._'
K. S. Morrison, Zag
T. E. Pearce, Esq.
V. M. Greyburn, Esq.
Chief Maniger.
BRANCHES
LONDON
LYONB MALACCA
PENANG
RASUOON
BAIGON
SAN FRANCISCO
KUALA LUMPUR
SITANOBAT
SINGAPORE... SOURABAYA BUNGEI PATANI
TIENTSIN
TOKYO
TRISOTAO
YOKOHAMA
Accomm
Current Accounts opened is Lore! Currsay and Fixed Depolis recaland for oss your or sheriar periode in Local Company and Sterling terima which will be quoted on application Hong Kong, 18th April, 1984,
HONG KONG SAVINGS BANK.
Calcult Centos
Cabri
Foreign Exchange and 'Osneral Banking bualnesa Lanacted.
Current Ascania opened and Fired Dspoalte received for one year or shorias periods al raten į which will be quoted no apolleatis.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
"
THE BANK OF CANTON, LTD.
་
Established 1912.
$11,000,000 8,655,000
Head Office-Hong Kong. Authorised Capital' Paid-up Capital Total Resources ......... 82,170,492 Branches: Canton, Toirhan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking business of every discription trans- {acted,
Current Accounts opened and Fixed
The Business of the abovs Fank is dust-Deposits received for one year or
d by the HONG KONG AND SHANGHAI
BANKING CORPORATION. But may be elained on application.
FOR THE HONO KOSO AND BHANGHAI BANKING CORPORATION
T. M. GRAYBURN,
Chief Manager.
Hong Kong, 26th February, 1984,
THE BANK OF EAST ASIĄ, LTD.
Authorized Capital
Paid-up Capit
Reserva and Undivided Profit
..$10,000.00.04
2,194,000.00
HEAD OFFICE:DNO KONG
12. Do Your Road Central.
BOARD OF DIRECTORS:-
Bir Shou na lum, Chairman,
shorter periods at rates which will be quoted on application,
Safe Deposit Boxes (various sizes)} for hire.
LOOK TOONG SEAN, '
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
Li Koon Chun. Feq. F. E. Kwak, Fan. Wont located on the Mezzanine Floor of Tan Tone. Feq.. Chan Ching Shek, Eq. L Lan
Bear Fag. Wong Chu Sun, Feq. and Ran Ying Our New building a Specially Con-
Po, Pag
Fan Tomo Po. Eng. Elle! Manager. Li Tre Fong. E., Manager
BRANCHES AND AGENCIER:~
Aming
Alamilla
Frattin
Batavia Thinbay
At-16my Pom
Semarang
Shanghai
Calcutie Canton
New York
Singapor
(ka
Sourabaya
Haiphong Hankow
Parla
Swalow
Priping
Honelalu Kobe
Penanx
Rangan
Kowloo Tandon
Asiron
Fan Frenclico
Sydney Tiboks
Tientis
Talya Vancouver Takabama
Enry Sription of. Banking and Exchange:
structed to provide all of these Im- portant Qualities.
You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Hen- tal
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS, BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
Business Transocied. Towne granted an approved AMERICAN EXPRESS COMPANY,
securities.
Current Accounts opened In Incal Carteney and Fixed Depolis netved for one year, or shorter pence in Lees nod Foreign Carreira Fa forms which will be quoted on application.
Bale Deposit Boxes To Tet.
KAR TONG PO.
Hong Kong. 1st March, 1034.
Chipl Manger.
THE BANK OF TAIWAN, LTD.
(TAIWAN GINKO)
HEAD OFFICE:- Taipeh, Formona Incorporated by Special Imperial
Charter, 1899..
Cantra Bank in Forms Bank Noten und Avaraga amount. You. £5,000,000 On and after August 15th, 1983, the Current rate of Interest on Special
Deposit wil be at 2% p.a, on daily balarice and the rate for balance over $10,000 will be quoted on application.
Maximum rate-1%%).
LONDON DINEERS:
Darclays Bank, Ltd., Lloyds Bank, Ltd Midland Bank, Ltd., Weinster lank, Ltd. The Bank has Correependents in all the principat Commercial Centres through the world.
E. NAQUILA
HONG KONG DRANCH..
De Vaux Road Central·
Hong Kong. December 14, 1901.
Марафет
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1880
INC.
Head Office:-85, Broadway,
Capital
Surplus Reserves
New York
$6,000,000,00 2,087,112.69 1,995,528.31
BRANCHES:-
Amsterdam Antwerp
Alle
Thala
Berlia
Bombay
Brezin Bruncle
Cairo
Genos Glaucom Kerak Hamburg HATIT Heidelberg Tutorinkon Jerusalem London Liverpool
Melee City Xfer Хорев. Pirness Pariz Velping Palermo
Calcutta
Cannes-
Colombe Copenhagen Babtu Edinburgh Florence Gietuva
Lutem Тодило 1,"sor Mamilion Muute Carlo Maula
Singapor Tiantain
Tumesina Vienna -Vening
Munich
Nobless Milon
Teknbama Zurich
Rotterdam Rome Shanghai Southampton
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking. Transactions undertaken.
Persona 1 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 its thoroughly equipped Travel De-
Capital (fully paid-up) Yen.100,000,000 partment. Reserve Fund ....Yen.120,750,000,
•
Head Office:-YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Berlin
Galerita
Nagasak! Nagoya
Is It
New York
Osaka
Paris Peiping Rangoon
Bombay Canton Dairen (Dalny) Fengtien (Mukden) Rio de Janeiro Hamburg
Hankow
Harbin
Hong
Хопг
Honolulu Hrinking *Karachi
San Francisco
C. H. BENSON,
General Manager,
THE CHINA MAIL, FRIDAY, JULY 13, 1934.
Commerce and Finance.
LOCAL SHARES.
TO-DAY'S QUOTATIONS. The following is the list of local share quotations issued to-day:
Banks.
H.K. Bank 31770 b.
· H.K. Bank (London) $195-u. Chartered Bank £16% n. Mercantile Bank, A. & B. #28 Mercantile Bank C, £15 n. - Bank of East Asia $84 m. Am: O. Finance Corp., Sh. 120 China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 n.
Insurances.
Canton Ins., $290 n. Union Ina, $630.b., $532/80 a. China Underwriters, $1.20 b. China Fire Ins., $510 n. 'H.K. Fire Ins., $228 b.
International Asse. $6. D.
Shipping.
Douglas, $411⁄2 B. H.K. Steamboata, $7 n. Indo Chinas (Pref.), $80 n. Indo-Chinas (Def.), $38 ́. Shell (Bearer), $4879 n. Union Waterboats, $12% n.
Mining.
Antamoks, 60 cts, s. Balatoes, $8241⁄2 n.
Baguio Gold, 42 cts. sa.. Benguet Consolidated $32 n. Benguet Exploration 18 cts. b. Benguet Goldfield, 20 ctl. m. Big Wedge, 12-ets. n. Gold Creek, $2 s.
Ipo Mining $2.20 b. Itogons, $5 B.
Kailan, $18/- n.
-
Langkats (Single) Sh. $21 n"
•
S'hai Exploration, Sh. $5 a. S'hai Loans, $6% n. Raubs, $12.60 1, Venx: Goldfield, $? .
Docks, etc.. H.K. Wharves $108 b., $109 sa. H.K. Docks, $12 n. Providents (old) $1.65 b. Providents (new), $50 eta. n. Hongkews, (old) Sh. $3221⁄2 n. *Hongkews, (new) Sh. 3820 n. 'New Engineerings, Sh. $5 n.
Shanghai Docks, Sh. $131 n.. Colton Mills,
Ewo Cottons, Sh. $11-b. S'hai Cottons (old), Sh. $73^n. S'hai Cottons (new), Sh. $422 n. Zoong Singa, Sh. $11% n. Wing On Textiles, Sh. $68 n.
Lands, Hotels, etc.
H. and S. Hotels $5.70 6. H.K. Lands $574 n. S'hai Lands, Sh. $27 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.30. H.K. Realties, 35% n. Asia Realtles "A", Sh. $140 n. Asin Realties "B" Sh.$20 n Chinese Estates, $86 b.
China Realties, Sh. $15% n. China Debenture, Sh. $137 0.
Public Utilities,
H.K. Tramways. $21.20 E, $21
sa.
Peak Trame (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% n. Yaumati Ferries, $21 b. C. Light (old) $8.70 b.
C. Light (new) £8,60 n.
H.K. Electrics $72 s.. $71% sa.
Macao, Electrics, $25 n. Sandakan Lights, $8 n. Telephone (old) $244 b., $25 s.,
$24.85/25 n. Telephone (new), $12 b. China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref., 16/101⁄2 n.
Industrials. Malabon Sugars, $12 n. Cald: Macg. (ord), Bh. $21 n. Cald: Macg. (Pref.), Sh.$191⁄4n. Canton Ices, $2.72 n. Cements -$2.72 n. H.K. Hopes, $41⁄2 D.
Stores, etc.
Insured? ? Dairy Farms $26 n.
Insurance All Clairer LOWEST RATES
American Asiatic. Underwriters Fed, Inc., U,8,A.
General Agenta
Semarang Shanghai
!
Head Office
Singapore Sperabaya
Sydney Tientain
17, The Bund,
Shanghal.
London
Manila
Tokyo Tsingtan Yingkow
Moj
Los Angeles
intures' allowed on Umrant · Ab-
Deposits received for fixed, razloda,
at rates to be obtained on application.
C. KISHINAMI,
Manager. hong Kong, 11th Apr, 1984
ARE. Office
Ania Life
Tel. :30384;
✅ Bring Yours PRINTING Probious to UER
Watsons $5.40 n." Der. A. Wings, '$1. n. Lane, Crawfords, $4.80 m Mackintoshs, $21 n. Sinceres. $10.69 n.
Wm. Powells, 70' cts. n. Wing On (H.K.) $108 n.
Miscellaneous.
H.K. Amusements, 84 n. Entertainments, $7% n. 8.C. Enterprises, 31 n. United Theatres, Sh. $2 n.. Macho "Greyhounds," $2 n. Construction (old) $1.65 b. Constructions (new) 70' cta. b. H.K. Govt. Loans, $82% prem. b. Wallace Harpers $8 n. Ch. Govt. 6%
$874% n
1925 G3Bds
Gold River 2012 cts. I
Govt Loan 1% prem:
LOCAL DOLLAR
STEADY.
Silver Prices Advance,
The local dollar remains steady, opening on 'demand this morning at 1/5%.
7
STOCK MARKET DULL
Disturbed By Strike
Situation.
BACKING MOVEMENT ÀFOOT
SPECIAL TO 'CHINA, MAIL, (By Telegraph, Copyright," Telegra [phie_|_Meśfágia Ordinance, 1893,^ "Re-
NEW YORK STOCK
*EXCHANGE.
S. E. Levy And Co. And A.O.F.C. Quotations.
New York, Yesterday, The following quotations from Now | York have been received by Messrs. S. E. Levy and the American Oriental Finance Corporation.
Last
Dec.
· BONDS SOAR ON WALL STREET
New High Record For 1933-34.
SILVER MARKET QUIET
New York! To-day. With the exception of bonds, which rose 29 to 95.88, a new high 1939-84 record prices weakened on the New York market yesterday. |Industrials and rafla were down „35 1.18% and 68 to 98.32 and 43.51, respec- tively, while utilities dropped. .38 to 23.89,
ecived July 13, 8.50 am)
Close Opening Noon New York, To-day. N.Y/London 5.04 8.04
5.08% 12.88 The stock market rules dull, In-Catton Oct. 18.00
12.88 dicating a backing and filling move-
.. 18,15 18.03 12.97 Silver Sept. 47.20
46.94 ment in stocks.
Des
48.00 Favourable factors are. the Silk Dec. ... Spot and forward silver prices strength of preferred stocks and Rubber Sept. 18.15 have increased 1/16, closing prices bonds and favourable dividend Des... 15.15 C. Wheat Sept. 93% yesterday being 20 and 20%, re- actions.
Dec........ 95 spectively.
Unfavourable factors are the C, Corn Sept. 62 The London on New York cross-strike situation, the foreign, situa- rate, which closed on Wednesday tion, and the belief that car loadings Wheat Oct. 84%
STOCKS at U.S.$5.03%, closed yesterday on Friday will register the season's
Amer. Smelt. 42% at £U.S.$5.08%, while the New first decline-United Press, per S Anse Copper, 15 York on London rate, which closed E. Levy and Company.
at
-U.S.15.04 on Wednesday, Į losed, yesterday at £-U.S.$5.08.
EXCHANGES.
TO-DAYS QUOTATIONS.
On London
On T.T. and demand 1/5% 4 months' sight 1/54 Credits: 4 months'
sight
On New York-..
1/6%
On demand
37
Credits 60 days'
alght
38%
On Paris-
On démand
550
Credits 4 months'
sight
6922
On India-
On T.T. and demand 97%
|Dn Shanghat—
On demand
110
On Japan:---
On demand
123%
On Manila-
On demand
75%
On Singapore- On demand
622
On Batavia-
On demand
54
On Salgón-
On demand
58
On demand Bovereigns bank · buy-
1264
1/64 20%
nom дот.
On Bangkok-~~
ing rate Bar, Silver per 03. .... Bar Silver in Hong
Kong Copper Cash Copper Cents
Rate of Native Interest 3% pa.
..... 1% prem.
Chinese Sub. Coin 30% dis. Hong Kong Sub. Con par.
M
PECORA HEALS THE BREACH.
Control Commission Rift Ended.
SPECIAL TO CHINA MAN.
In their market report, Blessrs. S. E. Levy and Company, corres pondents for Mesars. White, Weld and Company, New York, state:
47.86*
48.00
1.19
15.18
15.07
15.47
06%
96
Dec. 62%
00% 80%
S. E. Levy And Company's Report
824
42
14% 24% 23
-524
33
02
14%
32/ 12%
31%
12
49-
29
28%
|Auburn
... 25/ Balt & Ohio 23% J. I. Case 59% Con Gas N.Y. 33% Du Pont.... 92% El Bo & Sh, 15 Gen Motors. 3244 Int Tel & Tel 12% McIntyre .... 49% M. Ward... 29. ¡Nat. Dist. 214 N.Y. Central.. 20% Soe-Vacuum 16
•
(By Telegraph, Copyright, Telegra Stan Oil N.J. 44% phic Messages Ordinance, 1891, ceived July 15, 8.50 a.m.)
33%
"Stocks:-We would limit any further buying to miner reces alons. Our opinion of the market remains unchanged and we be- lieve it to be-still a trading af fair. Business done 470,000 shares.
2214 "Bonds: High-grade bonds are 294better, with the volume of busi
ness smaller. Second-grado issues remain unchanged.
16
44%2
44%%
ReUn Aircraft. 18%
19
1876
JU.S. Steel.. 40% West E. & M. 37%
-30%
37%
37%
London Prices.
Washington, To-day.
"Cotton:
-
Liquidation, local
selling and lower cables caused
the market to ease. We continue
The reported rift between the
The following, quotations from Lon- to advise the taking of profits on noted attomey, Mr. Ferdinand don were received last night between any sharp advances, anticipating Pecora, and the Chairman of the the hours of 5.20 pm, and 10.30 p.m. somewhat lower prices later.
Stock Exchange Control Commis- Bion, Mr. Joseph P. Kennedy, has definitely ended,
Mr. Pecora, who is also a mem ber of the Commission, spoke glowingly of Mr. Kennedy's leader- ship.
Last Close London Silver Spot 20-11/16 and Forward 20-13/16.
India bought. China sold. Market| London Gold 137/11. quietly steady,
"Silver:-The quiet but steady.
market
ruled
"Rubber: Commission-House and speculative selling caused stop-loss orders in a working Lenden/New York Rate 5.04 (2 p.m.market. Prices may go lower and
rate).
¡
(1)
7-3/6
"I like him immensely and I think that his knowledge and ex-price).
Liverpool Wheat-Oct. 5/1-7/8 perience will incalculably assist p.m. price). the Commission," he said. United London Rubber-Oct/Dec. Press, per 3. E. Levy and Com-buyers, 7-1/2 sellers (Opening). pany.
Last Record London 'Silver Spot 20-3/4 and For- ward 20-7/8.
U.S. PUBLIC HOLD $711,761,312 IN SILVER MONEY
SPECIAL TO CHINA HAJL (By Telegraph, Copyright, Telegra phie Messages Ordinance, 1891, Re ceived July 18, 8.50 am.)
Washington, To-day.
Liverpool Cotton-Oct. 6.78 (1 p.m. we believe that advantage should
be taken of, sharp recessions,
"Wheat: The market ruled quiet. Profit-taking and hedge sales are increasing on advances. "Woolworth have declared a di- vidend of Sixty Cents falling due on August 10th and payable on September 1."Reuter.
India bought. China sold. Market quietly steady,
London Gold 137/11
London New York Rate 5.03-15/16) }(9 p.m. rate).
B. A. Pierce Co.'s Report In their market report, the American Oriental, Finance Cor
Liverpool Cotton-Oct. 8.76 (1 p.m. poration, correspondents for Messrs. E. A Pierce and Company, New price).
"Stocks: The character of the market remains unchanged es-
Liverpool Wheat-Oct. 5/2-8/8 (1York, stato: p.m. price).
London Rubber-Oct/Dec. -7-3/8 buyers, 7-1/2 sellers (Opening).
London Rubber-Oet./Dec. 7-3/8 sentially. buyers--Noon Market steady.
London Forecast Of American Markets.
The United States Treasury bas announced that the public held
The volume of busi- ness has declined on a moderate U.S.$711,781,312 in silver money on
recession, with the main buying June 30, or 5.62 per capita, which is a new high record,
interest confined to investment We expect Wall Street to open firm caliber. Business done-470,000 Only U.S.$708,562,667 was held on Encouragement is derived from the shares. May 31-United Press, per S. Estrength of commodities. A techní Levy and Company.
cal revival is overdue.
LATEST QUOTATIONS
New York, Yesterday.
to
The wheat market is expected open strong with large buying orders left over from last night's level of prices. Prices may react later oni. profit-taking.
Cotton prices are expected to open
The following quotations have been received by Mesars. S. E. easy and then move parallel to wheat. Levy and Co., & the A.O.F.C.
October
December
January March May
Change
0.16 off 0.20 0.20
July 11. Closing
July. 12,
Opening
New York Cotton:
July
12.80 October
18.00. 'December ... 13.15
12.71 12.72 12.88 12.92 13.03 13.05
January
13.20
-18.10 13.09
March
18.28
18.18 .18.17
May (1935)
13.37
18.24 13.24
Spot
13.00
New York Silver:
September
47.20
46.94 46.94
47.20
47.85
47.40. -47.40 48.00, 48.00
47.47
47.40 47.40
48.08
48.70 Total sales:-18 lots. New York Rubber:
July
unquoted 49.80 49.30
47.08 47.10 47.25 47.25 47.60 47.70 47.83 47.83 38.29 48.29 48.75 48.75 6 lota.
Closing
12.64 12.64 12.78 12.80 12.94 .12.95 12.97 12.97 13.04 13.05 18.11 18.11
12.88 -- 0.16
0.10 off 0.05 up 0.35 0.96 0.21 0.05
0.23 0.23
0.26
21
#
H
14.80
September.... 15.16 October
15.23 December
15.51.
Januray March
15.61
15.84 Total sales-388 lots. Chicago Wheat:
July
92% 94 99% September ... 98% 9426 94 December
95 98 96% Total sales:-10,009,000 bushels Chicago Corn:
July
14.85 14.85 15.18, 15.00 uniquoted. 15.53 15.55 15.69 15.69 15:89·15.90
J 14.64 14.64 0,22 off 14.84 14.84 0.81 14.97 14.97 0.26 35.23 15.23 0.28 15.35 15.35 15.58 15.58 726 lots.
17
0.26
0.26
0% up
60%- 62
57% 57% 2% off 59% '69% 24 $ 60% 60%
7% 17,399,000 bushels
"
83
81% 81%
80% B0%
84%
.89
83
December
85%
84% 84%
-New York Sugar:
*July **.**
1.71.
-1.69 1.71.
September December
Total-s
1.76
1.88
1:75 1.76 +1.88 1.83
1.69 1.70 1.74 1.76 1.81 1.82
2% off 81% 82 2 83% 83% 2
0.01 unchanged 0.01 off
18,000 tons.
8,000 tons.
New York 81
July September. December
1.15 1.18 1.16 1.19 1.18 1.19 1.19
119
0:0124 118 1.18 0.01
Bales: 114 lots. New York Méták
81 lots
July 9
47.00:
nuquoted September
60% 68 December.... 62% 614 592 Total sales:-7,957,000 bushels Winnipeg Wheat:
July
October
93% 93% 94% 94% 1 964 -96% 11/8/
13,665,000 bushels
1.12 1.120,09 of 1.17 1.17%
July 12
6.85***
51.60
A steady tone is expected to prevail in other commodity markets,
SELF-GOVERNMENT FOR BUSINESS. "Immediate Necessity"
י.
In America.
(Continued on Page 7)
.
TRADE SURVEY IN HONG KONG
Names Of Commission Announced
His Excellency the Governor-in- Council has appointed a Commis- sion to enquire into the
causes
and effects of the present trade depression in Hong Kong and make recommendations for the (By Telegraph, Copyright, Telegration and for the improvement of amelioration of the existing pool- phic Messages Ordinance, 189 Re the trade of the Colony. ceived July 13, 8:50 am.)
SPECIAL TO CHINA MAIL
Washington. To-day.
The following gentlemen will
A committee of prominent constitute the Commission:- businessmen yesterday said that Mr. M. J. Breen (Chairman); Mr. Lincoln Filene, of Boston, Hon. Mr. C. G. S. Mackle, Hon. Mr. had submitted a report to the T. N. Chau, Mr. J. D. Lloyd, Mr. Business Advisory Planning G. C. Pelham, Mr. 8. H. Dodwell, Council that the NRA. must Mr. V. M. "Grayburn, Mr. F. A. allow business to govern Itself Joseph, Mr. W. J. Keswick, Mr. LI and that the necessity of prepar Koon Chun, Mr. W. N. T. Tam and ing for such, self-government is Mr. W. H. E. Thomas. "immediate" United Press,
The Secretary to the Commission per S. E. Levy and Company, lis Mr. B. C. K. Hawkins.
S. E. Levy & Co.
UNDERWRITERS AND DISTRIBUTÒRS
.
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 & CO, NEW
7 ICE HOUSE STREET, HONG KONG
80101 and 80108:
Tel. Address: Belco