BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Akorland Capital

brand and Fully Pald up ama

Reserve Faisla 1-

cling

BALTO

... $1,000,000 20.000.06

6,500,00 $10,000,000

Borra Lakkity of Proprietors $39,00,000

HEAD OFFICE: BONOBONO,

BOARD OF DIRECT DIS.

Hea, Mr. C. (1), 8. Kwikse

Chairman

1. II. Dudrail, Sinj. Deputy Chairman.

Tin M, N, K. Bold.

11. Compton, Yng.

J. Lavick, Eag

C. Knight, Esq.

AMOT DANOKON

HATAVIA BOMBAY

DALGUITA

Mukta, E.

I. 6. Morrland, Eng

1. E. Pearce. You

V. M. Graybarn, Zaj

Chlaf Kong.

ARANCHES

LONDON

LAURE

EILACCA

MANILA

CANTON

BURDEN

OHEFOO

:

NEW YORK

EXOLOMBO

PEIDING

DAISEN

Foclow

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON

| Balaria

Paid-up Capital

Reserva Fund

.£3,000,000 €3.000.000

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Alar

Ilello

Падрост

| Amritsar

Ipek

Balo

Bearto

Karach

Hemarsof

That

Hobe

Kvaln

Colon

Lumpur

Kuching

Madme

Beramber Bhanghal Slugapor 814 Boura Taiping

Manila

Delhi

Bedan

Tongkah

Halphons

New York

(Bhak

Hamburg

Pelle

Haukow

(Pening)

Harbin

Tibang

Yolmbana Zamboang

Babay

Coloniza

Caba ¡Colomba

THE CHINA MAIL, FRIDAY, OCTOBER 5, 1934

Commerce and

Finance.

NEW YORK STOCK EXCHANGE

S. E. Levy And Co. And A.O.F.C. Quotations

The following quotations from New York have been received by Mesurs. SE. Levy and the American Oriental Finance Corporation.

HAIPHONG

HAMBURG

HARBIN

HONOKEW

SUAR (obora)

PENANU

KANGOON

SAIGON

BAN FRANCISCO

KUALA LUMPUR

Hory Kong

Forelga Exelaars suð Janers) Banking business Gurren Accounts opened and Fixed Depot repaired fur ona 'year or shorter periodi at rates which will be quoted on application,

W. H. E. THOMAS,

Silk Dec.

BANKOW

ILOILO

(POR

JOBOB

COBE

AOWLOON

SURABAYA

HANGHAI

SINGAPURK

SUNGE PATANI

TIENTSEN

TOKYO

TRINGTAS

Last

Close Opening 11 am. 4.03 4.92% 4.92%

NY/London

Cotton Dec.

Mnr.

... 1221

1233

12171223 1230

1235

111.

112 b

Rubber. Dec.

1405

1425

March

1445

1464

C. Wheat Dec.

95%

D0%

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

May..

05T

07

C. Corn Dec.

.. 73

7434

May

73%

764

82

34%

33%

Auburn ....... 24.

244

Con Gas NY.. 27%

28%

277%

Established 1912.

Du Pont.... 88%

88

88

Head Office-Hong Kong.

El Bo & Sh 10

10%

10%

or

Gen Meters 284

28*

28%

Authorised Capital

$11,000,000 Int Tel and Tel 9%

916

9%

Paid-up Capital

Total Resources ........

3,655,000 Loew's Inc... 273 32,170,482 McIntyre

27

28

45%%

2842

2676 20

1944

20

2016

214%

21

42

424

41%

32%

82%

32%

London Prices.

TOKOHAMA

Current este opened in El Currency

Fixed Deposite end for ute 23

shorter patiods la Local Company Bud Bizi

- bee which will be quoted on applikatios.

Hong Kong, 185 Apeš, 1834.

W. Wheat May, 80% STOCKS:

THE BANK OF CANTON, LTD. Amer Smelt... 34%

HONG KONG SAVINGS BANK.

The Business of the shove Back in corduet. ed by the ONO BONG AND SHANGHAI

ttts small BANKING CORPORATION,

ba

tained on application.

POR THE HONO LONG AND SHANGHAI BANKING CORPORATION.

Y. M. GRAYBURN,

**Guial Manager.“

Hong Kong, th February, 19040

THE BANK OF EAST ASIA, LTD.

Authorised, Capital own Wald-up Capli

Bomers and Undivided Profile

19,300,000,00 $24,000,00

ITEAD OFFICE-BONG KONG

1, De You Road Central.

BOARD OF DIRECTORS:--

Ble Sbou-on Chow, Chairman..

Week

La Koen Chun. Esq., P. A. Iwok. Lan!

Tun Toog. Esq., Chas Ching Hiak. Eag Han Eng., Wong Chu Bon, Esq. od In

KID Tong Po, Eg. Chis! Mungu.

The Fong. Evt. Manager.

BRANCHES, AND AGENCIES-

Maria

Melbourne

Ting

Branches: Canton, Tolahan, Shanghai, Mont Word Hankow, Hangkok & San Francisco. Nat Distill London Bankers: Lloyds Bank, Ltd, NY Central and Banking Stan 011 NJ Foreign Exchange business of every discription trans U.S. Steel... acted.

Current Accounts opened and Fixed The following quotations from Lon Deposits reces red for one year or don were recalved last night between shorter periods at rates which will be 5.30 p.m. and 10.30 p.m. quoted on application.

Safe Deposit Boxes (various sizes)

for hire.

LOOK FOONG SILAN,

Chief Missger.

SAFETY FIRST! To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF 1

OUR SAFE DEPOSIT VAULT

Silver: Spot 22% (lant clos), 22% (last recd.), down (change).

Silver: Forward 22% (last close), 29% (last rood.), down (change).

Silver Report:China sold. America bought. Speculators sold but later) bought, Market closed steady,

Gold: 142/2% (last close), 142/1 (last reed.), 1d. down (change).

London/NY Selling Rate: 4.93% (last close), 4.92.9/16 (last recd.), 9/16! down (change).

London/Paris Selling Rate: 74.34 (fari close), 74.21 (last recd.),,13 down ((change).

rerpool Cotton-Jan.: 6.62 (last) located on the Mezzanine Floor of close), 6.50 (last recd.). .06 down Our New building is Specially Con-(change). structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for

Liverpool Wheat-Dec.: 5/0% (last) close), 4/11 last recd.). 1% down (change),

London Rubber-Jan.-Mar.: (buyers)

your own use at a very moderate Ram-7 (last close), 7 (last recd.), down

Sowabey Veloute

Engi

Broille Bemarang Shanghu

New Yok

Osaka

Bourabaja SWALON Bydney Taiboka

[tal.

Wapbook Haskon

Parin

Palping

Honolulu

PADROS

Tube

Hangoca

Saigon

Gan Francisco

· London

Tientals

Tukyo

VODONTO

Yokoham

Brary dmcriplog of Banking and Exchange bust transected. Lawas granted a approved

Deve

Current Account opend in Loud Curren

Fixed Deposits cared for a year of sorter parloda in Locri and Foreign Corrados

arms welch will be quoted on appiration. Bale Deponit Joe To Let

KAN TONG 10,

Chale! Maasper. Hung Korg, fal March, 1884.

THE BANK OF TAIWAN, LTD.

Head Office:-Taihoka, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notes

› Issued Average amount Y.45,000,000 Branches and Agencies,

Japan:-Kobe, Osaka, Tokyo, Yoko

25

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

+

THE

(change).

London Rubber-Jan.-Mar.: (ellera)

7-3/16 (last close), 744 (last-reed.), 1/16 down (change),

London Rubber--Jan.-Mar.: at noon (buyers) 7 (last reod.)-

London's Forecast

A forecast from London on the pro- bable trend of the New York market, states:-

Owing to the continued down trend of commodities, Wall Street is expected

AMERICAN EXPRESS COMPANY, to open nervously.

INC.

In Wheat, the announcement that the Canadian Government is with-holding its stocks may delay a panic.

In Cotton, the resistance of the mar- ket at the lower levels is a favourable

Head Offee:-65, Broadway, New York Motor

..........U.B.$6,000,000.00 .... 2,087,112.69 1,991,528.31

Capital Surplus

Reserves

Amatordam Antwerp

hama, Keeluar. Makong, Nanto, ELO Shoka, Shinchiku, Taichu, Tainan, Heale Taito, Takao, Tameui, Toen, Karenka. Kagi, Helto, Giran.

China: Amoy, Canton, Foochow, Han-

kow, Shanghal, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Sotrabaya, Dairen

BRANCHEB:

Ipac,: Glasgow

La

Nice

apl

Ja Hamburg

Berlia Bosbay Bratzen Bri

Residai berg

Interlakes

Zeraslam

PASI

Palermo Herwerdam

Все

Cairo

Loadca

Divergent

Calautta Сад Colombo Copenhagia Dublis

isburgh

On and after April 20th, 1884, the rate of Interest on Special Current Gra Deposit will be at 1%% p., on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-1).

Y. OHNO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central

BATTERY

Lupine

Lutor

Warachila

: Monte Carlo

Monda

Munich

Hontreus

Balogh

BoSample Singapore เยไม่บ Termina

Visua Vario Tekke Kurish

Branches of American Express Com- pany in Principaleities of United States of America ́and Canda.

All classes of Commercial Banking

Transactions undertaken.

Personal Investment accounts

THE YOKOHAMA SPECIE BANK handled.

LIMITED.

Established 1880.

+

The Company offers to interling Travellers the use of its Travelers Cheques" and Letters of Credit and, In addition, the world-wide cervices

partment.

Capital (fully paid-up) Ten.100,000,000 its thoroughly equipped Travel De- Beserve. Fund

Yen.124,250,000

Head Offre:-YOKOHAMA

Branches and Agencies at:

Alexandria

Batsvin

Berlin

Bombay.

Calcutta

Canton

Nagauk!

Nagoya New York Ocaks Paris Peiping

Rangoon

Fengtien (Mokden) Rio de Janeiro

Dairen (Dalny) Hamburg Hankow

Harbin

Hoar

Konr

Honolala Brinking Karachi

Koba

London

Los Angeles Manila

Kolf

San Francisco Semarang Shanghai Singapore

Soerabaya

Bydne

Tientala Tokyo Tsingis Tingkon

Hlowed on Ozrent;

Deposita, recalvad for. fixed

at rates to be thtain

OFTIS

Hong Kong 11H imber 191

C. H. BENSON,

General Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Business of every description transact-

Current Accounts opened and Fixed Deposits received for one year or shor- ter parlod at rates which will be quot ed on application,

Safe Deposit Boxes (various sizes) for hike:ANO D

PHILIP GOCKCHIN

"Chief, Manajerlar GOCKCHINESE

WALI-880-FONO:

SHARE MARKET.

The Ocial Summary of the Hong Kong Stock Excbanas izauad on yesterday at 3.15 p.m..

There are continued enquiries for Hotels and Lights both for spot and forward deliveries. H. K. Banks and Unions have reacted to the easiness of Exchange.

The other counters in the mar- ket call for, no comment.

Sales

H. K. Lands $50- H. K. Trama $20

China, Lights (Old) $8.65/6.70 Constructions (New) 78 cts.

Buyers

Union Insurances $5274 Underwriters $1.15 Wharves $107

Hotels $5.45

H. K. Lands $50

Realties $4%

Electrics $70.

Singapore Tractions 5/-

Singapore Traction (Praf) 18/- Constructions (New) 78 eta. Salacots 16 eta.

Sellers- Ewo Cottons Sh. $9.90 H. K. Trams $20 Sandakan Lights: $8 Peak Trams (Old); $14

THE SHANGHAI COMMERCIAL &SAVINGS BANK-""LIMITED. (Incorporated in China)

| Capital pald up |· Reserven 1,

Capital Savings Dept „Reserve Savings. Dept.

Head Office –Sh

1000.

“A Bank having an 1ts miatión the Industrial development (of: China

and the fostering of her com einl relations abroad. "Hong Kang, óffice

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

LITTLE CONFIDENCE. IN FINAL QUARTER

Time To Accumulate Stocks In U.S.

LOCAL DOLLAR ADVANCES

Silver Prices Decline

The local dollar has; ¡ad-

NEW ADVERTISEMENTS

PUBLIC AUCTION

HE Undersigned have received

vanced 1/4, opening on demand Instructions to sell, by Pubille

at 1/7

Apetion

+

ON

SPECIAL TO CHINA MAIL.. (By Telegraph, Copyright, Telepra

Both spot and forward silver} phie Message Ordinance, 1894, Re- ceived October 5, 10.35 a.m.) prices declined, closing prices TUESDAY, the 9th October, 1984,

New York, To-day. yesterday being 22% and 225%, res- The noted economist, Mr. Roger pectively. The following is the list of local ward Babson states that the public ahare quotations issued to-day:

Banks,

H.K. Bank $1665 b. H.K. Bank (London), #1882. n. Chartered Bank £16%. Mercantile Bank, A. & B. £30% n. Mercantile Bank C. £13.

Bank of East Asia, 493 n. Am: 0. Finance Corp., Sh. #20 China O. Fin. Ord., Sh. $4 n. China O. Fin. Prof. Sh. $5 m.

Insurances.

Canton Ins., $285 r.

Union Ins., $52714 h. China Underwriter, $1.15 b.

China Fire Ing., $610 n. H.K. Fire Ins, $240 n. International Asce, Sh. $6. n. Shipping.

Douglases. $40% 5. H.K. Steamboats, 87 m. Indo-Chinas (Prof.), $80 m. Indo-Chinas (Dať.), $38 m. Shell (Bearer), 48/11⁄2 n. Unlon Waterboats, $18 n.

Mining.

Antamoks, 60 cts. n. Balatoes, Ex. Div, 837 n. Bagulo Gold, Ex Div, 46 cts. n. Benguet Consolidated

commencing at 2.30 p.m.

at their Sales Room,

Duddell Streat

A Quantity of VALUABLE HOUSEHOLD

The London on New York cross- showe little confidence in the pro-rate, which closed at U.S.$4.93 pects of the final quarter of the on Wednesday, closed at US$4 year, but, nevertheless, the time to 92% while the New York on Lon- accumulate stocks is in periods of don rate closed at U.S.$4.92%, as discouragement.

compared with £U.S.$4.93 on Wed- Teak nesday,

11.

The Moody service foresees back- stock prices, ing and Alling of rather than a straight and persia tent-rise.

"Sharp reactions are still ex-

FURNITURE

Comprising:-

hatstands, Chesterfield couches and armchairs, Teak Cabi- nets, Teak extension dining tables and chairs, Tenk chest of drawers, following quotations, have Teak bookcases, Teak bedateadė

Latest Quotations

The

pected. The most prudent course been received through Masera. SE with hair mattresses, Teak ward

as far as buying is concerned to is Levy and Company and the Ameri- robes with bevelled mirrors doers, Oriental Finance Corpora Teak dressing tables and stools,

waft," they state.

can

The Brookmire journal declares tion: that the outlook is sufficiently satis

factory to justify a fully invested

position.-United Press, per S. EN. Y./London- Levy and Company.

New York, Yesterday,

Last Today closa

close

Teak tea-poys, Screens, Ica chest, Brenze and brass ornament, Porce

in flower pots, Cutlery, Dinner service and crockery; Glass ware, 4.92% Fine oil paintings, Pictures, Cur- taina. Cushions, Carpets, Ruge 12,18

Electric table lamps and fans, 14.06 Gramaphones and records, Filing cabinets, Teak office desks and chair, Curios,.Typewriters, Hattan 74% wäre, etc., etc.

To-day's .91.04 91.01 03 off 36.20 36.11 09 off 19.03 19.70 .02 pu 92.25 92.58 13 up

also

Few Pieces of Fine Blackwood Ware and

1 Grandfather clock

8 Upright pianos

1 Refrigerator

On. View from Monday, the 8th October, 1984.

Cross-Rate

4.93

N. Y, Cotton-

+

Dec...

12.21

GOLD STANDARD EFFECT ON TRADE RECOVERY

Chicago, To-day. ---

N. Y. Rubber--

Dec:

14.05

Chic Wheat-

Dec.

96%

07

Speaking be-Chic Corn--

414

fore the Mortage Bankers' Associa- tion yesterday, Mr. Walter Wi.Silver- liams, Association President, sald that business recovery would re- main uncertain as long as the 80, Industriale

20 Rails United States was off

the gold 20 Utilities standard.--United Press, per S. 40 Bonds Levy and Company.

Dec.

Official

73%

-50%

50

(Dow Jones ATRJ

11 Commodity In-

dex

.57.69 58.06 .37 up

17 Leading Stocks Amer Can

0814

844

:110

Auctioneers.

24.12

44%

Hong Kong, 5th Oct., 1934,

00

-10%

29

Int Tel & Tel

9%%

Mcintyre

461/2

RAW RUBBER PRICES

Montgomery Ward

271

Nat Distillers

20%

2134

137%

8231

3144

cts. n. Benguet Exploration 19 cts, n. Benguet Goldfield, 20 ets. n. Big Wedge, 10 cta. n. Gold Creek, $2 m.

Gold Rivers, 22 cts. b. Ipo Mining $2%1⁄2. n.

Itogans $6.30 n. Kailan 25/-.

Langkats (Single) 9h. $17 n. S'hai Exploration, Sh. $5 a. S'hai Loans, 80% n. Raube $12.90 ¤, Venz; Goldfield, $5 n.

Docks. etc. H.K. Wharves, $107 b. H.K. Docks, $141⁄2 n. Providenta (old), $11⁄2- n. Providents (new), $50 cts. n.. Hongkewa, (cld) Sh. $310.n. New Engineeringa, Sh. 434 n. S'hal Docks, Sh. $118 ñ.

Cotton Mills,

Ewo Cottons, Sh. $9.80

S'hal Cottons (old), Sh. $75% S'hai Cottons (now), Sh. 844 Zoong Sings, Sh. 811 n. Wing On Textiles, Sh. 466 'n.

Lands, Hotels, etc. *, H.K. and S. Hotels, $5.45 b. H.K. Lands $50 b.

MANCHESTER MARKET Amer Smelt & Ref

REPORT

Amer Tel & Tel

Auburn

J. 1. Case

Du Pont

No Outstanding Trading Elec Bond & Share

Features

TRIFLING ORDERS FROM

CHINA

General Motor

N. Y. Central Socony-Vacuum Union Pacific . S. Steel West E & M

There have been no outstanding trading features during the past week and prices have remained stendy. At Liverpool, business could only be described as lethar HOUSING CAMPAIGN gic, prices fluctuating within (a) range of a few points. and closing] almost unchanged. There has

CO-OPERATION

been a complete lack of stimulating American Firms' Pledge

news. The United States textile

strike still continues, and is na-

.

turally a very depressing factor.

H.K. Lands 4 Debentures 834%

prem. n.

Shanghai Lands, Sh. $271⁄2 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10 n.

H.K, Realties, $4% 1. Aala Realties "A", 8h. $140 n. Asla Realties "B" Sh.$20 n." Chinese Estates, $90 n. China Reales, Sh. $151⁄2 n. Debentures, $187 n. :

Public Utilities. H.K. Tramways, $20 n. Peak Trams (old), 814 n. Peak Trams (new), $7 n.

Star Ferries, $98_n.^ r^***

Yaumati Ferries $21% n.

SPECIAL TO CHINA MAIL /

(By Telegraph, Copyright, Telegra

A private cable from New York phic Messages Ordinance, 189, Be

ceived October 5, 10.35 a.m.) stated that the administration were

New York; To-day.

Terms: Cash on Delivery

LAMMERT BROS..

Latest Singapore Quotations

Messrs. H. B. Joseph and Co. have received the following Straits Currency quotations (Buyers) from. Singapore:for Raw Hubber:

Jan.-Mar. 25 up 1/8. April-June 261⁄2 up 1/8. Market Dal

· SIR HENRY CRAFT ON INDIA.

(Continued from Page 1.)

The motion was defeated, after

not likely to grant relief, and anti- Active co-operation in the Fed- cipated an early settlement, but on feral housing campaign has been an- other hand, the strikers are connounced by the Johns Manville Cor- fident of the trouble spreading to poration, Messrs. Sears, Roebuck, a show of hands. In favour of an others branches of the trade. There and the American Radiator Com-amendment which recorded that the Conference had last year decided have been further rains in the

pany.

ernment will guarantee.

submitted to the Conference as substantive motion-British Wire. less Service.

Western cotton belt during the! They plan to extend long-term that it would not reach final con- weekend, and weather news on credit for supplies which the Gov-clusions on the subject until the erally, has been more favourable.

United Joint Select Committee had report The "Journal of Commerce" esti- Press, per 3. E. Levy and Company. ed. This amendment will to-day be mates the 'condition at 53.4, and the probable crop at 8,870,000 Bales. The volume of enquiry dealt with during the week has only been of a moderate nature. Spinners and Manufacturers have Latest Quotations From complained of low offers, and many contracts have only been made possible by producers accepting|

C. Lights (old), $8.60. b., $8.65/-eut prices.

8.70 g.

C. Lights (new), $8.40 `b. H.K. Electrice, $70% b Macao Electrica, $25 n. Sandakan Light, $8 8.1. Telephone (old), $23.86 n. Telephone (new), $10.90' n. China Buser Sh. 15.20 n. Singapore Tractions, 4/9 b. Singapore Pref., $18/

Industrials.

Malabon Sugars, $8.70 n. Cold: Macg, (ord.), Sh. $21 1. Cold: Macg. (Pref.), Sh. $20 Canton Ices, $24-n. Cements, $2.86 m.. H.K Ropes, $31⁄4 n.

Stores, etc.

Dairy Farms, $23.80, n. Watsons, $5.60 m.--( Der. A. Wings, $1 n/ Lane, Crawfords, $4.15 n. „Mackintoshs, $21 m.:

Sinceres; $10 në Wm. Powella, 70 cta, n.1 ́~ Wing On (ILK), 110 n. M Magellaneojis.→ H.K. Amusements, $4 n. Entertainmenta, 31.32 m SC. Enterprises, $1:30 D United Theatres, Sh. $11. Macao Greyhounds,” #2 m. Constructions (old), $1.80 n. Constructions (nev

Eastern Trade,

Some manufacturers have been tested in price on a freer scale, but dealers abroad are very slow in Im proving their limits. Business offering for India has been on rather & restricted scale: there has been fresh enquiry from Calcutta for dhooties, but so far few trans- factions have been arranged."

Light whites and prints have been in requests for Karachi and certain of the upcountry markets,] but Bombay has been quiet. Trifling lots of fancies have been booked; for China, but bids from Singapore have been quite unworkable. Thera has not been much from the Near East, but greys have been mention- ed for Egypt.

the

Transactions with South America have been rather isolated but the Dominions has continued more en- undercurrent of demand from the couraging, and further buying has taken place for: Australia and South Africa The Home Trade section has booked some useful lots of lingings and dress, fabrics.

AMERICA'S BID, FOR CHINA'S RAIL MARKET

To-da

United

RUBBER SHARES

Singapore

Messrs. Carroll Bros have re- ceived the following cabled quota- tions of Shanghai Rubber Shares. (Prices in Shanghai Dollars):

Angio Javas $11.25. Anglo Dutch $7,50, Chemors 80 cents.. Consolidateds $3.50. Java Consolidateds $1.95. Kroewoska 78 cents. Tanah Merah $1.90, Ziangbe $10.25. Tebongs 63 cents.

Is It Insured? ?

Insurance --- All Classes ** LOWEST:BATES SA American Asiatic Underwriters -Fed. Ino, USA. General Agents

Head Ofice...

17, The Bund, Shanghai

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, ING.

CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR

WHITE WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

80101 and 84108

Viel Ad

*K* Once

Arla Life

Building

Tel. 30286

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