BANKS
"HONG KONG AND SHANGHAI RANKING CORPORATION.
Bashoraid Captial van $20,000,000"
Barre Funda
d and Fully Fald-up 30,000,000.
ling,600,000 Site manman Cana: 10,000,090
Bosneva Labilly, of Propriatoen · smi₤30,000,000 HEAD OFFICE: HONGKONG,
BOARD OF DIRECTORS.
Hon. Mr. Q. G. B. Machia Chairman,
“B. BL Dodwell, Bag
· Deputy Chairtsalai
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1858.
HEAD OFFICE: LONDON.......
Paid-up Capital.
Agencies and 'Branches:
Jas
Reserve Fund
£3,000,000 £3,000,000
[Reserve Liability. of Prvi
prietors
£3,000,000
Talla.
Anseilannah
Bangko
日本
Koor
* H. Complon, En..
.....Marinosi, Rag
Bodibay
Kobe
2: E. Ferron, Kay.
Celot
| Deuspore
Tempur Kushing
Saurabeys
Debu
Taiping
Colombe
Henta
Trentais
Daik!
Helas
Toagkab
Halpbong
How Tork
(Ebakes)
Hamburg
Pelping
Talostno
Enakow Hsbia
(Pexing)
Tokome
Zamboangs
Hon, Mr. W. H. Bell.
AMOT
BANGKOK BATAVIA BOMBAY ...CALOUTTA
CARTON CHEFOO
ODLO 1480
PATREN
HAMBURG
HARBIN
DKEW
26. Miskin, Esq.
V. M: Grayburn, Eeji
Chief Manager.
BRANCHES :-
LONDON
LYONS
MALACOA
MANILA
MUAB (Johor)
MURDEN.
NEW YORK
PEIPINO
PEKANG
BANGDON
BAJOOM
BAN FRANCISCO
KUALA LUMPUR SHANDBAL, A
SINGAPORE
LOUBABATA :
BUNGEL PATAMI
TIENTHIR
TOKYO.
TRINOTAO
YOKOHAMA
Currant Account opened Tocal Curmocy and Fixed Depoalta receted for one year of shorter periods in Local Company and Bierling en Marea which wil ̈ba' quoted on application. Blog Hou, 18 April, 1934.
جماعت
trommened. *
TUBANS
Belgon Semarang Seremban Shanchal Singapore
THE CHINA MAIL WEDNESDAY, SEPTEMBER 5, 1934.
and
Commerce
Finance
LOCAL DEBENTURE ISSUE
To Finance Development In Colony
HONG KONG LAND INVESTMENT VENTURE
Apart from the Hong Kong Government, it has fallen to the lot of The Hong Kong Land In- Foreign Exchange and General Hacking boste vestment and Agency Co., Ltd. to Current Accounts opened and Fixed Deposit introduce into the Colony the de- rsosired for to your or shorter periods. at rabenture method of financing, and
W. H. E. THOMAS, this Company will shortly be plac
Acting Manager.ing before the local public an is- Hong Kong, 20th February, 1934 sue of $2,000,000, which, it is an-
ticipated, will constitute an at tractive investment.
which will be quoted 'on application:
SAFETY FIRST !
To Safeguard Your Valuables
Brand 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
The Company have a progres- sive development programme in view and, to finance this, they will create a series of $5,000,000 4 per cent. Debentures carrying interest at the rate of 4 per cent. per annum, and being a floating charge on the Company's assets. At the moment this full aum is not required, and $2,000,000, will You may obtain a Safe Deposit be offered for públic subscription Box in this most up-to-date Vault for at par on September 21. The suc YOur own use at a very moderate Ren-
cess of this initial amount is as- sured as the present issue will be |THE NATIONAL COMMERCIAL underwritten by the Hong Kong
HONG KONG SAVINGS BANK. portant Qualities.
The Bulness of the shore Bank in conduct od. by 14 HOND LONG AND SHANGHAI BANLING CORPORATION. Rules betal apaload as application.
FOR THE HONG EONG AND SHANGHAI BARKING CORPORATION
V. M. GRAYBURN,
Chief Manager.
Boog Kong,ih Pobruary, 1334,+[g
THE BANK OF EAST ASIA, LTD.
Authorised Dupila!
Paldup, - Ospital
Kamers and Undivided Prodia
$16,000,808.50. $5.590.500.DC 2,131,000,00
HEAD_OFFICE:~~HONG KONG
12. Da Yarot Bood. Central
BOARD OF DIRECTORS
Bir Bbon-son Chow, Chalima.
Lé Koe Chup, Esq., P. L. Iwok, Eng., Wong
Yun Tong, Eg Chan Diss Shak, Pa, Lan Esq., Wour Chaz Bos, Leg, and Kano
Day Big
Bataria
Bombay Delovite
Haiphong Hackow Honolulu Lobi Kow.com Londre
5 Tony Po, Eaq.. Clef Manager,
LA T Fona, Esq., Manager.
BRANCHES AND AGENCIES
Kaośla Melbourn
Herwork!
New York
Dvaks
Paris
Falping- Penang
Boile
Marmarang Shanghal Bingapors
• Баятбата
Suntor
Tahoku
Hangbon
Th
Haigon
Sua Francisco
Tokyo.. Taperar Yokohama
Bromeription of Banking sad- Erzhangu Buning, transnoted; Loans granted, un approvad puritian
Durrent Ascounts opened in Lock Gundocy and Fixed Depor14 eived for one yes or shorter periods in Local and Foralga Currencies) tems which will be quoted on appiscellan Bats Deponit Boxes To
HAN TONG. FO,
Chief Mausget. Hong Kong, 1st March, 1994.
THE BANK OF TAIWAN, LTD.
Branches and Agencies.
Inspection Cordially Invited,
& SAVINGS BANK, ́LTD.
Corner of le Horse”Street and Des Voeux Road, Central
THE BANK OF CANTON, LTD.
Established 1912.
and Shanghai Banking Corpora- tion and Messrs. Jardine. Mathe-) Bon and Co., Ltd.
Mutual Benefit
On September 17 the public will be able to obtain a copy of the prospectus and applications Ican be sent either to the Company $11,000,000 or to its Bankers..
Head Office: Hong Kong, Authorised Capital Paid-up Capital
Total Resources
8,655,000 The benefit of such Debentures 32,170,492 as those in view operates both Branches: Canton, Tolshan, Shanghal, for the public and for the Com- Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd., pany. The public will be given Foreign Exchange and Banking the opportunity of what is tanta- business of every discription trans-mount to a gilt-edged investment seted.
at a Axed redeemable value, Current Accounts opened and Fixed Deposits received for one year or whilst the Company will be able shorter periods at rates which will be to conduct their schemes of de- quoted on application.
velopment with their interest
Safe Deposit Boxes (various sizes) charges as a known factor. iför blre.
LOOK POONG BEẠN,
Chist' Maangue.
THE
AMERICAN
EXPRESS COMPANY,
INC...
Head Office: 65; Broadway, New York
Capital Surplus Reserves
‚U.S.$8,000,000.00, 2,087,112.60 1,995,528.81
Central Bank of Formosa, Notes
Head Office:-Talhokn, FormuER, Incorporated in Japan by Special
Imperial Charter, 1899...
BRANCHES:-
Amsterdam
Geco
Antwerp
Bl
Albena
The Lingue
Алижо
HAVADA
fasued Average amount Y45,000,000
Heale
Hamborg
Berlin
Harro
Bombay
Heldalber
Japan:-Kobe, Osaka, Tokyo, Yoka-Br
Interiako
Brussels
Jeraniom
Lendes
Calcutta
Liverpool
Can
Colombo Copenhagen Deblin Zenburgh Frinos Omara,
Бирла
Monte Carlo
Manila
Munich
hama, Keelung, Makong, Nanto, Shoka, Siachiku, Taichu, Tainan Taito, Takao, Tamsul, Toen. China-Amoy, Canton, Foochow, Han-
kow, Shanghai, Bwatow. Other-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
On and after April 20th, 1984, the rate of Interest
Lucet:
Lusor
Mamilion
Bina Xico Naplem Pirnava Paria Pripi Paletrave Referlam Roda Bhanght! Southampton
Aingapor Nonlik Taormin Vi Venice Yekubama Zurich
on Special Current Branches of American Express Com
Deposit will be at 1% pa. on daily pany In Principal cities of United balance and the rate for balance over States of America and Canada. $10,000 will be quoted on application
(Maximum rate...1K).
All classes of Commercial Banking Transactions undertaken. --
..
Y, OHNO,
Manager,
Hong Kong Brand's
8, Des Voeux Road, Central,
Personal investment sccounts. handled.
U.S. STEEL OUTPUT AT LOW EBB
Labour Attitude An Unsettling Factor
SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telegra- phic Messages Ordmanes, 1894, Re- ceived September 2, 8.39 am)“.
New York, To-day. The Steel Institute announces that the United States steel indus- try is working at 184 per cent, of capacity.
The Pittsburgh magazine, Ameri- can Metal Market, states that pro- duction is 19 per cent, and may be 16 per cent. shortly.
The lull is due to the Labour Day holiday, plus unfavourable sen- timent in connection with the func tioning of the recovery programme, and the attitude of labour. The Government must uae vigorous measures in right matters, the jour- nal adds.-United Press. per S. E. Levy and Company.
LOCAL DOLLAR
DECLINES
The Company offers to intending Silver Prices Weaken Travellers the use of its "Travelers
THE YOKOHAMA SPECIE BANK Cheques" and Letters of Credit and
LIMITED.
Extablished 1880
Capital (fully paid-up) Yen.100,000,000 Beierve Fund ........ Yon.122,750,000
Head Offre YOKOHAMA
Branches and Agencies at: Alexandria
Salping
in addition, the world-wide services The local dollar has declined %, at its thoroughly equipped Travel De-opening on demand this morning partment.
C. E. BENSON,
General Manager.
THE MERCANTILE BANK OF INDIA, LTD.
HEAD OFFICE:
18, Orseschurch: Stresi, Landon, E.0.3.
Authorised Capital
Roserve Fund & Rest
BANKRES,
Batavia
Berlin
Bombay
Kong Honolulu
Nagasak! Nagoya New York Osaka Calcutta
Parle Canton Dairen (Datny Rangoon Fengtien (Mukden) Rio de Janeiro Hamburg
San
Francisco Seattle Semarang Shanghal
Subscribed Capital Paid-up Capital
26
Bangkok
Calorabo
Soerabaya
Sydney Bentein Tokyo
Bombay Calcutt
Delhi Calls Year Borr How
Bharu
Kuala Liple
Kuala Tampur
Tsingtan
Hankow
Harbin
Hainking Karachi
London
Kobe
Los Angeles
Maris
Moj!
Yingkaw
Interset allowed on crent Ac-
Deposits received for fixed periods
£3,000,000 1,800,000
1,050,000
1,247,438
The Bank of England & Midland Beak: Lidi
DZANCHES Ipab Randy
New York TANA
Port Leads
(Mauritius)
Fanxx00
Shanghai
Alep
Kamatan (Fabang) Bimla Medran
HONG KONG BRANGT Every description of Banking and Exchange bust- Apa trentada
Travelers Cheques Inood.
Trustee and Executorships under- taken.
INTEREST wild on Derens Acenta and ates to be obtained on application at Katen that may be minerained
G. KISHINAMLAR.
en application...
Manage.
1 Hong Kong, 11th April, 1984,
7. Queen's_Bond. Central,
Hong Kong, 12th Jpné, 1931.
[at 1/64
Spot and forward silver have do clined 1/16, closing prices yester day being 214 and 21 13/16, respectively.
The London on New York cross- rate, which closed of £-U.S.35.01% on Monday, closed unchanged yes- terday, while the New York on London rate closed at £-U.S.$5.01%. compared with 2U.S.$4.99% on Saturday.
་་-་
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED. (Incorporated in China) Capital paid up .$6,000,000. Reserves... $7,000,000. Capital Savings Dept. $500,000; Reserve Savings Dept. $600,000,
Head Office Sharighaf
A Bank having as its mission the industrial development of China- and the fostering of her commer eial relations abroad..
Hong Kozy ofits:47 Ice House St.
* Phone 21881-2-g* *
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local
share quotations issued to-day:
Banks.
H.K. Bank $1715 b., $1765
1785/30 sa
H.K. Bank (London), £135% n. Chartered Bank 316%.
Mercantile Bank, A. & B 31. Mercantile Bank C. 13% n... Bank of East Asis, $86 b. Am: O: Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n.. China O. Fin. Pref. Sh. 35 m.
Insurances. ·
Canton Ins., $290... Union Ins., $540 B. China Underwriter, $1.15 b. China Fire Ins., $510 n. H.K. Fire Ins., $245 n. International Assee. Sh. $8 a.
Shipping.
Douglases, $401⁄4 n. H.K. Steamboats, 37 n. Indo-Chinas (Prof.), 830 n. Indo-Chinas (Def.), 488 n. Shell (Bearer), 48/Q v Union Waterboats, $134 n.
Mining.
Antamoks, 62 cts. b.
LOSSES ON
EXTREME PESSIMISM FRACTIONAL
UNWARRANTED
National City Bank Review
SPECIAL TO CHIÑA MAILS (By Telegraph, Copyright, Telegra- phic Messages Ordinance, 1894;, Re- ceived September 5, 8.30a.m.):
New York, To-day,
WALL STREET
Indecisive Market
Anticipated
· STRIKE DAMPENS HOPES
New York, To-day,
STIMULANT TO RECOVERY
Federal Aid For Banke Turning Factor
SPECIAL TO CHINA MAIL (By Telograph, Copyright, Telegra phic Messages Ordinance, 1894. Re ceived September 5; 0.53 am)
Washington, To-day.
Mr. Jesse Jones, Chairman of the
The National City Bank Review states that the United States out- The undertone of the New York look de uncertain due to, drought market yesterday was easy, with Reconstruction Finance Corpora effects. It has difficulty in fore-minor fractional losses predominat-tion, is confident that the nation is saning how the Government policies ing. The textile strike Is dampen-slowly becoming hormal. He said affect business, but adds that ex-ing hopes for an early improvement that the future looks good.
The strengthening of banks, he in business conditions. A quiet treme pessimism is unwarranted.
the The nationalisation of silver, it and indecisive market seems to be declared, vlà Federal aid, is
most important factor to recovery. states, is not important, due to the anticipated.. neglegible amount currently In-S. E. Levy And Company's Report He revealed that by the end of In their market report. Messrs. the year the R.F.C. expects to finish (volved, but it is unfortunate on ac-
count that it causes uneasiness.-S. E. Levy and Company, corres-buying the stock, notes and deben- United Press, per S. E. Levy and pondents for Messrs. White. Weld tures of closed banks, of which it has already, purchased U.S.$1,180,- and Company, New York state: Company.
"Stocks:-We expect the mar-1000,000.-United Press, per S. E. ket to remain within the trading Levy and Company. range, pending Government financing: however, we would ac- FINANCIAL MUDDLE cumulate on any weakness on (account of the possibility of pre-
Wall Street Traders electionary moves from Washing- Iton.
SPRING OUTLOOK UNCERTAIN
U.S. Bureau Surveys Farm Situation
re-
Rusiness done 310,000 shares.
Government is. "Bonds:-With
Despondent
SPECIAL: TOY CHINA MAIL. (By Telegraph, Copyright, Talegro
SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phie: Mesanges Ordinance, 1891, Essues off a 1/2 point, high-grades phic Messages Ordinance, 1894, Bo- |ceived September 5, 8.30 am.) held Arm, although prices were aceived September 6, 8.59 a.)
'shade caster, Second-grades were
fractionally off.
New York, To-day. Traders are little encouraged
New York, To-day. The International Statistical Bureau reports that the greater} "Wheat:-Conditions on the due to the complicated financial than seasonal Autumn upturn in wheat market are quiet. The situation,
business will most likely result in
yes-
inquiries are increasing and that 11.174.000 the British are reported to be bal
lish on American securities.
Unfavourable factors were the
Favourable market factors shortage of feed grains is expect. Balators, $86% n.
a larger farm income, but that the ed to attract support on all de-terday were the reports that steel Baguio Gold, 44% cts. b., 46 cts.outlook for Spring is uncertain due) clines:
s., 46 cts, sa.
to the fact that the drought effects)
Saturday's sales: -- will not be felt fully until 1935, or hushels. perhaps 1936.
reports "Cotton:-While trade It estimated that the 1934 United indicate that the number of oper-labour dispute, the decline in steel States cotton crop with be 9,383,000 atives joining the textile strike is production, and the curtailment of bales.-United Press, per S. E. Levy actually less than that claimed by automobile production. United and Company.
the trades unions, mill-buyers are Press, per S. E. Levy and Company. decidedly cautious.
Benguet consolidated $40 n. Benguet Exploration $17 s8. Benguet Goldfield, 20 oka, n. Big Wedge, 12 ets. n. Gold Creek, $2 n.
Gold River, 24 cts, sa. Tpo Mining $21⁄2 *. Itogons $5 n.
Kailan. 24/6 n. Langkats (Single) Sh. $171⁄2 n. S'hai Exploration, Sh. $5 n. S'hai Loans, $61⁄2 n. Raubs, $13 s.
Venz; Goldfield, $5 n.
Docks, etc.
H.K. Wharves, $112 s. H.K. Docks, $141⁄2 n.
Providents (old), $1.55 n. Providents (new), $50 cts. n. Hongkewe, (old) Sh. $8121⁄2 n. Hongkews, (new).8h. $310 n. New Engineerings, Sh. $4% n. S'hai Docks. Sh. $118 n.
Colton Mills.
Ewos Cottons, Sh. $10.80 b.
S'hai Cottons (old), Sh. $75. S'hai Cotton (new), Sh. $44 Zoong Sings, Sh. $111⁄2 a.
Wing On Textiles. Sh. 355 n.
Lands, Hotels, etc.
H. and S. Hotels, $5.55 8. H.K, Lands, 850 b. S'hai Lands, Sh. $27 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n.
H.K. Realties, $4.70 s. Asia Realties "A", Sh. $140 n. Asla Realtles "B" Sh.$20 n. Chinese Estates, $86 b. China Realtles, Sh. $151⁄2 n. China Debenture. Sh. $137 .
Public Utilities.
H.K. Tramways, $20.40 n. Peak Trams (old); $15 n. Peak Trams (new), $T. Star Ferries, $101 s.
Yaumati Ferries, $21 ..
C. Lights (old), $8.55 b,
C. Lights (new), $8.20 b.
BRITAIN'S REVENUE DECLINES
Expenditure Increase Reported
EXCHEQUER RETURNS
London, To-day.
The Exchequer returns show
"Rubber:-Good factory buying partially off-set the effect of the easier prices prevailing on the Business done primary markets. (198 lots."Reuter.
Market Opening Messrs. S. E. Levy & Co. receiv- Jed the following telegram through
Reuter,
GLOOMY OUTLOOK ON WALL STREET
Miss Perkins Gives Ray of Hope
SPECIAL TO CHINA MAIL. (Bu Telegraph, Copyright, Telegra thephic Messages Ordinance, 1894. Re
ceived September 5, 8.51 a.m,)
New York, To-day.
"Favourable factors before opening of the market were:-
"The Steel Magazine estimates
that, exclusive of self-balancing mill activity. at 18.5 per cent of Wall Street is predominantly items the total ordinary re-capacity and says that the num-gloomy, fearing the lack of the venue received during the curber of small widely-diversified or-jusual business rent financial year up to Septem-ders increased lust week and thai Autumn.
upturn in the
ber 1 amounts to £237,005,278. a moderate improvement in de- A favourable factor yesterday
At the corresponding date last mand is expected this month, was that Miss Frances Perkins,
a.
-
year the amount was 241.157.015. gaining momentum
Total ordinary expenditure to the Autumn. date is £287,228,208, which is 2%
thoroughout Secretary of Labour, said that the
Į Administration desires to insuro "Unfavourable factors were:- "steady profits."
millions more than at September 2, 1933.
"A further decline in industrial An unfavourable factor was that activity is expected this week due(Mr. Donald Richberg, of the N.R.A.. Revenue collected during the past to the holiday shut-downs. Sales predicted that 5,000,000 families week totolled £8,588,885, of which of distress supplies of scrap steel will be receiving Federal relief in £4,951,000 represented inland re-are reported at Pittsburgh at $10. February, due to the drought. venue and £3,926,000 customs and per ton, with No. 1, heavy melting The New York Times business excise.
lateel, which is nominally quoted index was 77.4. against 78.6 Inst Receipts from income tax to date at $10.50 to $11.00 per ton, down week and 81.9 last
year. United are £47,339,000, which exceeds by 25 cents per ton." over seven millions the amount col-
Night Telegrams lected at September 2, 1933, but
The following telegrams were revenue from estate duties is three received by Messrs. S. E. Levy & millions lower, at £36,130,000.- Co. last night:- British Wireless Service:
U.S. TREASURY'S SİLVER ACQUIREMENT
Washington, To-day. The Unit
cd Statée Treasury Secretary, fr Henry Morgenthau, states
H.K. Electrita, $78 s., $7234 sa. that the Treasury has acquired
Macao Electrics, $25 n. Sandakan Lights, $8. Telephone (old), $241⁄4 n. Telephone (new), $11%1⁄2 n. China Buses Sh, 13.20 n. S'pore Tractions, 4/- b. Singapore Pref..., 17/- b.
Industrials.
Malabon Sugars, $11 ni Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pref.), Sh. $20 œ. Canton Ices, $2.70 . Cemente, $2.65 9. H.K. Ropes, $31⁄2 11.
Stores, etc. Dairy Farms, $258, Watsons, $5.60
Der. A. Wings, $1 n. Lane, Crawfords, $4.15.. Mackintoshs, $21 n. Sinceres, $10 n. Wm. Powells, 70 cts. n. Wing On (H.K.) $110 n.
Miscellaneous.
H.K. Amusements. $4 n. Entertainments, $72. S.C. Enterprises, $1.80 n. United Theatres. Sh. $1. Macao "Greyhounds," $2 n. Constructions (oid),'$1.80 n. Constructions (now), 78 cts. b. Ch. Govt. 5% 1925. G&Bds
88% n.
to
The
Press, per S. E. Levy and Company.
U.S. GRAIN REPORT
New York. To-day-The Govern- undertone is easy, withment grain report, to be issued on minor fractional losses predomin-September 10, is expected to have a ating. The textile strike i dam bullish influence on the market. pening hopes of an early improve-United Press, per S. E. Levy and
(Continued on Page 7)
Company.
CATHAY FLORISTS
"Star" Ferry Wharf, Hong Kong
Quality Flowers
at
71.854,841 ounces of nationalised silver at 50.01 cents per ounce up August 31, plus 11,712,000 lounces of newly-mined silver
64.5 cents per ounce.-United Press, per S. E. Levy and Com- pany.
MAJESTIC CARRIES HUGE SILVER SHIPMENT
New York, To-day. The liner, Majestic, yesterday brought 2,022,- 1000 ounces of silver consigned to Messrs. Handy Harmon. United Press, per S. E. Levy and Company.
Mr. Ma Kun-mu, President of the Kwangel University, returned to Kwangsi last evening, by the 5.6. Tai Ming.
Is It Insured? ?
Insurance All Clauses LOWEST BATES American Asiatic Underwriters Fed! Indy, USA General Agents
Head Office
H.K. Govt, 4% Loan 7% prem. 17, The Bund
II.
H.K. Govt. 84% Loan 22%.
prem b..
Wallace Harpers, $7% 8,
Shangkat,**
HK. Ofice Kola Life Building Til 80224:
At Lowest Prices
Convenient Location.
Why buy poorer grade flowers when you can get the best at the same price or less from us?
S. E. Levy & Co.
UNDERWRITErs and distrIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND BOLD ON COMMISSION
DAILY NEW YORK STOCK AND COMMODITY SERVICE
Mambera:
NEW YORK COTTON EXCHANGE COMMODITY EXCHANGE, ING CHICAGO BOARD OF TRADE
CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK
TICE HOUSE STREET, HONG KONG
Tel Address: Belco
Tel. 80101 and 30108
.1.
it