BANKS
HONG KONG AND SHANGHAI.
BANKING CORPORATION.
Rothorised Capital .....................
feed, and Fully Pold-up
Barva Fundu 1-
Herling
Star ...
$5,500,00 $10,000,000
$30,000,000 20,000,000
Roseere Liability of Proprietors $20,000,000
HEAD OFFICE: HONGKONG,
BOARD OF DIRECTORS,
Hon. M. 0, 0, S. Huckle Chairman,
8. 11. Dadwell, Engler,
Deputy Chalaan.
Ham. Mr. W. 13. [L.
AU. Sus plon. Faq Mad Kinnick, Fəqi *
D. O. Kalght, Eag
AMOY
BANGKOK BATAVIA BOMBAY
CALCUTIA
CANTUN
CHEPUD COLOMBO
DAREN POOGTOW- HAIPHONG KAMDURO HANKOW HARUIN HONDKEW
ILOILO
IPOLL
JOHORE
KONE
KOWLOON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fund
£3,000,000 £3,000,000
Reserve Liability of
Pro-
prietors
£3,000,000
Ageneles and Branches:
Alor Star
Inila
.
Amritsar
ipu
Hangoon Balcon
Bangkok
Karachi
Semarang
o Matin, Esq.
Balaria
Kind
H.. Morrieus Eag
Bombay
Kabe
Shanghai
T. E. Pearce, Lag
Calcutta
Kirim
Kingwir
Calen
fumper
Rituxan
Самарска
Auching
Cobit
Mafras
Taiping
Colombe
Manlle
Thenal
Delbi
Metan
Tongkak
flafphong
Nx York
(Lihoker)
Priping
Tsingtao
Waskow
(Pekin)
Yokohams
Harbis
Tenang
Zwachomigen
Long Roa
HAMIA
MUMI (Johors)
NEW YORK
TEIFING
Y, M. Grayburn, Esq.
Chief Mwongar.
UDANCHES:--
LOSDOS LAVINS
SALACCA
MUXDEN
PESANU
PASODON.
SATION
Bài CHANGDO
KUALA LUMPUR
SHANGHAI
SINGAPORE
EURABAYA
BUNGE FATANI
TIENTSIN
TOKYO
THINUTAO
YOKOHAMA
Cament Account opened in Lacs! Currency
and fled Deposit repaired for Dogear of shorter period is Local Company and Bar
on set which it be quoted on application.
Bong on 18th April, 174,
HONG KONG SAVINGS BANK.
The Business of the above Dank is conda-
nd by the HONG KONG AND BHANGHAI ikute may be BANKING CORPORATION.
ablalaed on application,
FOR THE HONG KONG AND KHANUKA!
BANKING CORPORATION
Y. M. GRAYDUAN,
Ubial Manager.
Hong Kong, 26th February, 1953.
THE BANK OF EAST ASIA, LTD.
Buthorland Capital
$15,000,000.00
d-up Capital Ba 115, ZUR,100, (9) Bover and Undivided Proßta$2,45€,00,00
IZAD OFFICE:-NONG KONG
, Da Ve Road Central. BOARD OF DIRECTORS 1~
Chairma St. Sharo
Kona Chur, Ex. F. X. Kwok, Eng., Wong Yun Toux. Eng., Chan Ching Shek, Esq., Li Lan Bang, Pay. Wong Chu Eco, Esq. and Kaa Ylog
Kaa Tong Po. Eaq. Chief Manager.
The Fong. Eaq.. Mangor. BRANCHES AND AGENCIES:-
Banja
M-Houene...
Amor
Bombay
Nagnoakt
Calcutta
New York
Canton
Bunts
Haiphong Elaskow Espelula Hobs
Perla
Felplog
Penan
Rangoon
Salgon
Kowloon London
San Franci
¡Cantila
Батаганд biduan glamā Blagspor
Courbeye Υπείου Sydney Takboku
Tisotain. Токто
VLADOUT Jakobama
Ersey description oktag and Exchange bales tracted, Loans granted on approved Becurile.
Current Accounta opened in
Local Currency and Fire Deporīta réveived for ore your or shorter periode la focal and Foreign Currencies
arm which will be quoted to "appilation, Cafe Deposit Dom To let,
KAN TONG PO,
Chief Mausger
Hong Kong, at March, 1984.
THE BANK OF TAIWAN, LTD.
Head Ofice-Talhoku, FormOBE, Incorporated in Japan by Special Imperial Charter,-1899." Central Bank of Formosa, Notes
lasund Average amount 1,45,000,000 Branches and Agencies."
Japan:Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nanto, Shoka, Sinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen. China: Amor, Canton, Foochow, Han-
kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London. New York, Singapore, Batavia, Samarang, Soerabaya, Dairan.
Foreign" "Erelange and Denarst. Hasking "business" transacted.
Carmens Acccxible opened and Fixed Deposits reseirad for one year or shorter perioda më inico which will be quoted on application.
W. H. E. THOMAS,
Acting Manager. Hong Kong, 20th February, 1934.
THE CHINA MAIL THURSDAY, AUGUST 23, 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 $1725 b.
H.K. Bank (London), £135 a. Chartered Bank £15% n. Mercantile Bank, A. & B £31 n. Mercantile Bank C, 218 D. Bank of East Asia, $84 n. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord., Sh. $4.1. - China O. Fin. Pref. Sh. $5 m.
Insurances.
Canton Ins., $290 n. Union Ins., $545 b.
China Underwriters, $1.30 m China Fire Ins., $510.
THE BANK OF CANTON, LTD. H.K. Fire Ins., $245 n.
Established 1913.
Head Office: Hong Kong. Authorised Capital ... $11,000,000 | Paid-up Capital
8,655,000 Total Resources.. $2,170,402 Branches: Canton, Tolshan, 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 Deposits received for one year or shorter porloda at rates which will be quoted on application.
Safe Deposit Boxes (various sizes) for hire,
A
LOOK POONG SHAN,
Chis! 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 located on the Mezzanine Floor of Our New building is Specially Con-- 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 Ren-
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.
Corner of Ice House Street and Des Voeux Road, Central
THE
AMERICAN EXPRESS COMPANY,
· INC.
Head Office: 65, Broadway, New York
Capital Surplus
Reserves
.$6,000,000.00
2,087,112,69 1,905,528.81
Shipping.
Douglases, $40.65 m. H.K. Steamboats, $7 n. Indo-Chinas (Prof.), $30 mL. Indo-Chinas (Def.), $38 m. Shell (Bearer), 45/3 n. Union Waterboats, $13% m.
Mining.
Antamoks, 60 cts. n. Balatocs, $361⁄2 n. Baguio Gold, 44 cts. n. Benguet consolidated $40 n. Benguet Exploration 19 cts. n. Benguet Goldfield, 20 ets. a. Big Wedge, 12 cts. n. Gold Creek, $2 n. Gold River, 24 cts. n. Ipo Mining $24 n. Itogons $5 n.
Kailan, 21/10% n.
Langkats (Single) Sh. $171⁄2 u.
S'hai Exploration, Sh. $5 m.
S'hai Loans, 30%1⁄2 n.
Raubs, $13.10 sa. Venx; Goldfield, $7 t.
Docks, etc.
H.K; Wharves, $113 D. H.K. Docks, $14/60 n. Providents (old), $1,60 b. Providents (new), 850 cta. n. Hongkews, (old) Sh. $8121⁄2 n. Hongkews, (new) Sh. $810 n. New Engineerings, Sh. $5 n. S'hat Docks, Sh. $117 n.
Cotton Mills.
Ewos Cattons, Sh. $11.10 n. S'hai Cottons (old), Sh. $78% S'hai Cottons (new), Sh. $43%
4.
Zoong Sings, Sh. $111⁄21⁄21⁄2 ¤. . Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.45 b. H.K. Lands, $53 n.
S'hai Lande, Sh. $261⁄2 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10.40 n.
H.K. Renities, $5.20 n. Asia. Realties “A”, Sh. $140 n. Asia Realties "B" Sh.320 n.
.
Chinese Estates, $85 b.
BRANCHES:-
Amsterdam Aniwory Albans
Пово
BimBow
The Hague
Milea Mics Maplas
China Realtles, Sh. $15 Chipa Debenture. Sh. $187 m.
Public Utilities.
n..
Agu Heales Berlin Bombar Bates Ikumola
Harana
Preens
Cairo Calcutta Cannes Colombo
Hamburg Havre Meldelberg Enterlaken Jerusalem Loadou
H.K. Tramways, $21.10 b., 21.15
Liverpool
Lucerne
Lugano
Copenhagen
Luxor
MU
Edinburgh Floreno
Anata Cale
Manila
Munich
VirsDa
Tokohama Ztrick
On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1% p.a. on daily li balance and the rate for balance over $10,000 will be quoted on application (Maximum rate--1%).
Hong Kong Branch
Y. OHNO,
Manager.
8, Des Voeux Road, Central,
་ ་ས
Koot
Paria TelpID Facto Retiendra Ilay *Ghungh
Bulbaptom
Singapor Dentis
Branches of American Express Com- pany in Principal cities of United; States of America and Canada.
All classes of Commercial Banking Transactions undertaken.
THE YOKOHAMA SPECIE BANK Personal Investment accounte
LIMITED.
Established 1880
handled,
The Company offers to intending
Travellers the use of its "Travelers
Capital (fully paid-up) Yen.100,000,000 Cheques" and Letters of Credit and, Reserve Fund
Yea.122,750,000 addition, the world-wide services of its thoroughly, equipped Travel · De- partment
Head OfteYOKOHAMA
Branches and Agencies at:
C. H. BENSON,
:* Général. Manager.
Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% . Yaumati Ferries, $214 n. 'C. Light (old), $8,30 n.
C. Light (new), $830 b. H.K. Electrica, $71% n. Macao Electrics, $25 n. Sandakan Lights, $8 n. Telephone (old) $24.20 n. Telephone (new) $11.80 m. China Buses Sh. $13.20.n. S'pore Tractions, 5/- n. Singapore Pref., 17/- b.
Industrials.
LOCAL DOLLAR STEADY.
Silver Prices Decline.
The local dollar remains steady, opening on demand this morning at 1/6/
CHINA STILL SELLS SILVER.
Rise In London Gold Price.
clined 1/6, closing prices yesterday ceived August 25, 5.21 a.m.)
being 21 9/16 and 21%, respective |
IMPROVEMENT
·CONTINUES ON
WALL STREET 19.
FIRMER TONE INS
PRICES.
The London on New York cross-
U.S. MERGERS UNDER CONSIDERATION.
Hudson Motor Company On Brink,
CA
SPECIAL TO CHINA MAIL.
(By Telegraph, Copyright, Telegra-
SPECIAL TO CHINA MAIL, By Telegraph, Copyright, Telegra Spot and forward silver have de-phic Mesenger Ordinance, 1894, Re-phic Messages Ordinance, 1894, Re
ceived August 23, 921 a.m.) New York, To-day.
New York, To-day. Yesterday's rise in the London The Hudson Motor Company gold price was reputed to be dus is reputed to be consdering a mer rate, which closed at U.S.$6.085 to the British exchange control ger with the Auburn Motor Com withdrawing support from sterl- puny, the Reo Motor Company and on Tuesday, closed yesterday at
the Pierce Arrow Motor Company.. £-U.5.85,09%, while the New Yorking against the French franc.
It is also declared that the Re- America and speculators bought on Londori rate closed at
on the sliver market and China Public Steel Corporation is repút- |£-U.S.$5.09%, as compared with
ed to be considering a merger sold. The market was steady. £-U.S.85,08% on Tuesday.
with the Truscon Steel Corpora United Pross, per S. E. Levy and
tion. Company.
SINGAPORE RUBBER SHARES:
New York, To-day. With the exception of bonds, which declined 0.02 to 93.15, prices made further advances on the New York market yesterday, Indus trials and rails were up 1.75 and 1.66 to 94.32 and 37.24, respective- ly, while utilities improved 0.56 to 21.04. The commodity Index was
Mesere. Carroll Bros, have receiv 1,300,000 ed the following quotations of Singapore Rubber Shares, dated
öff 39′′to 62:33.
Business improved,
shares being traded..
Latest Quotations.
18. E. Levy And Company's Report August 16 1934. (Prices in Straits
In their market report, Messrs. Currency): S. B Levy and Company; correa-, pondents for Messrs. White, Weld and Company, New York state:-
"Stocks: Buying was of a good character and on- broader scale. Its again rumoured that an im minent rise in the price, of gold)
is to be coupled with the an- nouncement of the permanent Istabilisation of the Dollar at the 50-cent level. Naturally, any such move would be bullish and the action of Government bonds indicates the necessity for some reassurance as
Allenbys. $1.85 b., $2.00.s.
Ayer Moloks, $1.35 b. $1.45 8. Ayer Panas. $1.05 b. $2.05 8. Changkat Serdangs, 35.40
$5.7% 8.
Jimahs, $1.90 b.. $2.00 s. Glenealys, $2.45 b., $2.50 s. Kedahs, $3.15 b.. $380 s. Innas. $2.40 b., $2.50 8. Malaka Pindas. $1.66 b., $1.70 Pajams, $2.40 b., $2.50 8. Sungoi Bagans, $3.50 b; $3,65 ́e. United Malaccas, $1.70 b., $1.75.8.
NEW YORK STOCK EXCHANGE.
S. E. Levy And Co. And A.O.F.C. Quotations.
New York, Yesterday.
Mailing Of Letters By Republic Steel Co.
New York, to-day.
It is reported that the Republic Steel Company will shortly be mall- ing letters to abare-holders giving details of the proposed merger The following quotations from New with the Truscon Steel Company In York have been received by Messrs.which it will be the leading fuc-- 8. E. Levy and the American Oriental) Finance Corporation."
tor, with the outlook now for 0 combination of the Republic-Trus- Close Opening Noon, con Steel Company and the Corri- gan-McKinney Steel Company.-9. 5.0944 5.09 5.09 Cotton Oct. 13.40 13.33 13.26
Last
E. Levy and Co., through Renter.
{X=XXXXXEX
Everything
. BUT YOUR
SAVINGS
b,
N. Y./Lon-
don ......
Dec....... 13.54 13.46
18.40
Silk Dec.... 1.13
1.14
Rubber Sept. 15.58
15.80
Dec.
16.06
16.23
8.c. Wheat
Sept.
1.04%
1.04%
Dcc.
1.06
1.00%
C. Corn
gone
Sept.
75%
76
Dec.
78%
78%
W. Wheat
.Oct.
85%
85%
Amer Smelt
38%
98
38%%
12% 13
13
22% 21%2
24
RENT
16-
16%
41
41%
42
23%
•27
27
FOOD
90%
90%
91%
11
114
11
CLOTHING
29
30% 30%
10%
10%
10%
48%
433
HEAT
234
23% 24%
19
19%
221%
22
22
15% 154 15%%
414
14%
44% 45% 15-144
TAXES
WATER
34%
34% 35
13%
to the future monetary policy, if per cent. of capacity." new financing is to be successful. "The outstanding unfavourable Business done:-1,300,000 shares: factor was that the market was of a STOCKS:-
"Bonds: High-grades are off and highly professional character and Anac Copper continue to be influenced by easier public participation continues to be Auburn Government issues. We look for very small."
Balt & Ohio. a lower market. Second-grades áre Daily averge Petroleum produc-J. 1. Case.. strong and we look for higher prices tion for the past week was 2,519,000 pa Post ....
Con Gas NY
in this section.
barrels, against 2,506,000 barrels, El Bo & Sh. "Wheat:There was consider-the previous week. Electricity Gen Motors able profit-taking at Chicago, which production for the week was 1,674,- Int Tel & Tel was principally due to increasing 000,000 K.W. hours, an increase of McIntyre
Mont Ward hedge pressure from Winnipeg. For 1.2 per cent. over last year. The Nat Distill... the time being, we would confine "Iron Age" reports steel produc- NY Central. purchases to any breaks. Tuesday's tion at 21.0 per cent, compared with Soc-Vacuum sales 26,488,00 · bshls,-***
22.0 per cent. last week. No signs Stan Oil NJ
Un Aircraft. "Corn:-Prices are reflecting the of an upturn in business conditions ¡U.S. Stee! low volume of supplies and are like have appeared. Nevertheless, it West E & M ly to display strength independently is difficult to believe that consump of wheat.
tion of iron and steel has fallen as The following Quotations from Lon- "Cotton-Rains in Oklahoma and sharply as production, and; there-don were received last night between
15.30 pm. and 10.30 p.m. larger New Orleans and hedge offer-fore, it is believed that September ings were depressing factors, but will usher in some measure of im-last recd.), 1/16 down (change). the 12 cents Loan Plan is discour-provement in buying. aging shortselling.
"Rubber:-The strength of the London, market was impressive and buying was of a good character. Business done 442 lots.
33% 33% London Prices,
Silver: Spot 21% (last-close), 21 9/16)
Forward 21 0/16 (last close), 214,
The following messages were re-(last recd.), 1/16 down (change).
Silver Reports-America and specu- ceived from Messrs. White. Weld:
lators bought China sold. Market
While 12-cents cotton affords steady. good.cushion to holders, we think a Gold: 188/2 (last close) 189/7 (last considerable betterment in cotton-recd.), 4d, up (change). goods sales is needed to warrant the London/New York rate: 5.08% (last
(close), 5.09% (last recd.) maintenance of any sharp advances. (change).
up
Night Telegrams The following telegrams were re ceived by Messrs, S. E. Levy and Yesterday's advance was resumed London/Paris rate: 78.21 (last close), Company through Reuter:- at the opening to-day. Trading is 76.09 (last recd.), 12 down (change). "Favourable factors before the more active with gains mostly frac- Liverpool cotton Get: 6.90 (last opening of the market were:-Car- tional. The American Telegraph close) 7.14 (last recd.), 24 up (change)
Liverpool wheat-Oct.: 5/10% (laat) loadings this week are expected to and Telephone made an excep close) 6/9% (last recd), 1% down show but little change. but traffictional rise of more than one point. (change). authorities anticipate a substantial There is no apparent change in the improvement very abortly, continu- business situation, and buyers are lng well into the Autumn. Steel expected to follow up the advanco joperations in the Chicago area with caution,
have Increased. by one point to 30
(Continued on Page 9)
LATEST QUOTATIONS
New York, Yesterday.
London Rubber-Oct-Dec: 7% (last close), 7% (last recd.) unchanged.
London Rabber-Oct-Dec: 7 11/16 (last close), 7% (last recd.) 1/16. up (change).
LONDON'S FORECAST
A forecast from London on the probable trend of the New York market states:-
CHITS
SAVINGS
SAVE SOMETHING
START NOW UNDERWRITERS
SAVINGS BANK
FOR THE FAR EAST, INC.
Azle Life Building, Hong Kong
Tel. 30224.
With traders encouraged by yes Is It Insured? ?
The following quotations have been received by Messrs. 3. E. terday's reaction against dull con- Levy and Co. & the A.O.F.C.
Glange
*
0.24 off 0.22 off, 0.28 of 0.25 off 0.24 off 0.26 off 0.25 off
August 21
Closing
New York Cotton:
October
43.40
December
13.54,
(18.33 -18.32 13.46-18.42
January
19.60
March
13.74
May
13.80
July.
$3.89
18.47 18.48 13.64 18.61 18.70 18.68... 13.76 18.74
Spot
19.55-
New York Rubber!'
September October
December
January March May
Closing
13.15 13:16 13.31 18.82 19.37 19.87 .19.49 18.49 13.55 18.56 13.69 13.63 13.30
15.58 ∙15.68 - 15.70 15.75 15.76 16.78 15.80 15.80 15.91 15.91 14.06. 16.20 16.22 16.22 18.24 16.16 16.81. *16.81 16.38 16.33
August 22. Opening
0.17 up
0.18 up
0.18 up
0.17 up
18:46
́16.60 16.61 ·· 16.63 16.65
.0.19: up
16.68
16.88 16.88 16.90 16.91
0.28 up
Total sales:
442 lota
Chicago Wheat:
September
104%
Der. A. Wings, $1 n.. Lane, Crawfords, $4.15 u.
December
*100*
May
104 106 107% ..108
1081⁄2 104 104 - 0% off-
108% 105% 1054
0% off
Monday's Asles- Chicago: Corn:
108% - ·· 1071⁄2 1071⁄4 26,468,000 bushels
0% off
03% up unchamged
Malabon Sugars, $11 n. Cald: Macg. (ord), 8h. #21'n. Cald: Macg. (Pref.) 8h. #20 nế Canton Ices, $2.70 n.
Cements, $2.55 ́n."
H.K. Ropes, $4.85 n. Stores, etc.
Dairy Farms, $25/60/70 Ba. Watsons; $5.60 n.
Alexandria
Batavia
Berlin
Bombay
Oaks
Nagasakl Nagoya New York
Park!
Peiping
Rangoon
Calcutta Canton Dairen (Dalny) Fengtien (Makden) Rio de Janeiro Hamburg
Kong
Honolulu Hainking Karachi Zobe London Los Angeles
Moff
San Francisco
Seattle
Singapore Soernbaya Sydney
Tientsin Tokyo Tringtan
Literast allowed ``on^uar
Deposits received for fixed. Strata to ba obfaizindin
CAKISHES
Hong Kong, 11th Apr
Manager,
THE SHANGHAI COMMERCIAL &SAVINGS BANK LIMITED. (Incorporated in China)
$6,000,000, $7,000,000.
Capital paid up
Reserves i Capital Savings Dept.-$500,000). Reserve Savings Dept.: $300,000, Holly Hand Offen-Shanghai
A Bank having as its mission the Industrial development of China and the fostering of her commer: cial relations abroad to
Mackintoshe, $21 n. Sinceres, $10 p.
Wm. Fowells, 70 cts. n... Wing On (H.K.) $110 b
Miscellaneous..
H.K. Amusements, $4. Entertainments, $7%, n.. B.C. Enterprise, $1.80 n.. United Theatres, Sh. $2 n. Macao, Greyhounds," $2 n. Construction (old), $1.80 m. Constructions (new), 78 cts.
478% b
September 75% 761⁄44
Demebe
May
7034 - -76% #64 78% 781⁄2 78 78** 78%1⁄2 8181948180%
15,209,000 bushels
81
"Total salis: Winnipeg Wheat:
H.K. Govt: 4% Loan 71% %) pirem. uzay
Ice House Bird HER Govt 8% Loan & 24% Septem
59 prom 4.
Wallace Harparą:-$73) n.
October
December
May
85% 864% 86% 86% 84% *86. 87487
859-18544 .90% 81%90% 89% 89%
0% off
0% off
New York Sugar: cat d'archasinih
September
1,78
• Ch. Govt. 5% 1925 G8Bdaži
December
180
Match
1,86
171 171 -1.66" 1877, 1.78 1.78 -1.76 1.76 184-1.85- 1:88 1.82
0.06-0
-0.05 off 0:04 off
68.000 tans
New York
December February
1.18
110 110 118 1116 11
160-lots
ditions, a, further improvement is anticipated on Wall Street, though profit-taking is possible later in the day.
The wheat market is expected to open irregular, though possibly
higher,
Rubber prices are expected to be
alightly better.
* Insurance All Classes
LOWEST RATES American Asiatic Underwriters Fed: Ino, U.S.A. General Agents P
Head Office,
17, The Bund. An uncertain cotton market is Shanghai. anticipated: A mill strike is not)
likely to occur.
S. E. Levy & Co.
UNDERWRITERS, AND DISTRIBUTORS
B AND COM 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 YORK
ICE HOUSE STREET, HONG KONG-
30101 and 80103
B.L. Ofice Asia Lite Building Tel. 30194