BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Ratherland Cap} $50,000,000
wed and Fully Fald-up 0,009,003
Era Funda
Morling
£500,000
1...........$10.300.000 Ramees, Linbilty of Proprietors$20,000,00 READ OFFICE: HONGKONG,
BOARD OF DIRECIONA,
Hon. Mr. . . 8. Maski
Chairmea
B. H, Dodwell, lag.
5. 0. Finight, Haq,
AMDY BANGKOK HATAVIA
BOMBAY
CALGUT'IA LANTUN
COLONDO
Deputy Chairman.
V. M. firnybaru. Eeg.
Chlef Manager.
DBANGLES,
.JAINDON
LYOND
SEALACCA MANILA
JUKDEN
NEW YORK
PEIPINO
PENANG
RANUGON
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859.
HEAD OFFICE: LONDON
Paid-up Capital
Reserve Fund
Reserva Liability of Pro.
prietors
£3,000,000 .£3,000,000
Agencies and Branchen:
Curreal Accounts opered and Fixed Deposits received for ona your a shocker porlede av ru which will be quoted on applisalföp,
W. H. E. THOMAS,
THE CHINA MAIL, WEDNESDAY, OCTOBER 24, 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. Mensra, S. E. Levy and the American Oriental Finance Corporation.
Last
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-day:
Banks.
H.K. Bank $1600 n.
H.K. Bank (London), $138% n. Chartered Bank £15% n. Mercantile Bank, A. & B. £80% Mercantile Bank C. $18. Bank of East Asia, $98 z. Am: 0. Finance Corp., Sh. $20 China O. Fin. Ord, Sh. $4.n. China O. Fin. Pref. Sh. $5 m.
Insurances.
£3,000,000
Alor Star
ilaito
Гиперос
Aruditeur
Ipab
Balroo
Bangkok
Karachi
Alr. W. El. Beil.
G. Miskia, Kog.
Klang
A. ¡. Compton. Eng.
B. S. Horton, Reg.
Bombay
Kobe
W.), Xaswich, Eng
T. B. Pearce, La
Caltsita
Kunie
Captoo
Lumpur
Cawnporn
Kuchis
Batherang Br Panghal Singapore
Bourabaya
Catu
Kadr
Colombe
Wanita
-Tiaotels
D+Thi
Madan
Tooskah
2
New York
(huker)
Hamburg
Palpine
Hankow
(Paking)
l'okchains
Harbis
Tenang
Zainboanga
NY/London Cotton Dee,
Mar
Home Koog
Forsign Exchange and Jenarai Banking buzilver 'Dec.
XUAN (Johor)
Iraqnaciać.
Mar.
Silk Dec,
116
Rubber Dec.
1407
Close Opening 11 am. 4.9514 4.97% 4.97%
12.27
12.27 1225 1235 12.36 12.37 5270
-62.70 :52.70 .53.90 54,00 5371
115 14.20
Mar.
1446
14.60
Acting Manager. Hong Kong, 20th February, 1984.
C. Wheat Dec.
974
97%
Canton Ins., $285 s.
May ......
B74
97%
Union Ins., 8500 n.
C. Com Des... 75%
*76
China Underwriter, $1.15 b.
May
77%
77
China Fire Ina., $510 n.
W. Wheat May 81%
81%
H.K. Fire Ins., $2371⁄2 n.
Amer Smelt
30%
354
Auburn...
27%
27%
Head Office: Hong Kong,
Con Gas NY... 26%
26%%
20
Paid-up Capital
Authorised Capital
Total Resources
$11,000,000 El Bo and Sh
8,055,000 32,170,492
Du Pont...
93%
93
Gen Motors
9% 30
94
9%
294
0%
Loew's Inc. Mcintyre Mont Ward.
30%
30%
30%
45
45
2814 284
27
20%
21
DAIDEN
HOOCHOW
HAIPRORO
HAMBURG
HANKOW
HTBIN
HONGKEW
20110
BOH
JOHDAY
KODE
KOWLOON
KAIQUN
SAN FRANCIRCO
KUALA LUMPUR
SHANGHAI
SINGAPORE ·
YOURABAYA
SUNDEI PATANI
TIENTSIN
TUKTO
TRINUTAO
УОКСЦАМА
Current Accounts opened in Local Curssary Bad Fland Deposita received for the zon or shorter periods in Local Company and Berit
terms which will be qualed an application. Rooy Hour, 18k 'April, 1934,
HONG KONG SAVINGS BANK.
THE BANK OF CANTON, LTD. STOCKS:
Established 1912.
Branches: Canton, Tolahan, Shanghai, Int Tel and Tel 9% 9%
Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd,
Foreign Exchange And Banking Nat Distill
business of every discription trans Central acted.
Current Accounts opened and Fixed Stan Oil NJ
U.S. Steel Deposits received for one year or FOR THE HONG KONG AND HANDHAL Bhorter periods at rates which will be
The Business of the above flank tu conduct.". by the HONG KONG AND SHANGHAI BANKING CORPORATION. Holm may stained an application.
BANKING CORPURATION.
V. M. GRAYBURN,
Chial Manager.
Hong Kong, Xib February, 1984,
ப்
THE BANK OF EAST ASIA, LTD.
Authorised Capital
$13,000,000,00 ***** 5,296,000.IMI Paid-up Capiza Brand Undivided Probis $7,434,000.80
HEAD OFFICE: HONG KONG
12, Do Your Boad Geni
BOARD OF DIRECTORS;-
Sir Shou-son Chow, Chairma
14 Food Chus, Esq., P. K. Kwok, Esq., Wong
Fun Tong, Pag. Chan Ching Shak, Zeq., Lá Lan Bans, this, Roog Chu Een, Eag, and Kan Ying
De
4.
Esu Tong Ps, Esq., Clést Manager.
Li Te Fong, Esq., Menaget.
BRANCHES AND AGENCIES ----
Manf Kalloura
Baattia
Amey Balkris Bombay
Visalia Canton Italphons
Na York
Qucha.
Semarang Bhangar Bingapore Sourabaya
·Swalom
Tarla
Hankow
Palping
Honolul
Pruszk
Ilango
Gydors Talioku Ticin
Xen.com
Balgond
Tokyo
London
Yokokume Er deemption of Deaking and Exchange businemacked. Lonas prestad on, approvad
Curnal Accounts opened to Low Cyrnas and Fixed Deporita repaired for one jar a shorter periode in Local and Forge Cumendiée on farma which will be quoted to application.
Safe Deposit 35ze To Int
HAN TONG PO,
Chief Manage,
Hong Kong, Jet March, 1934.
THE BANK OF TAIWAN, LTD.
Head Ofleet-Talhoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1890.
Central Bank of Formosa, Notes
issued Average amount Y.45,000,000
Branches and Agencies,
quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG SHAN,
Chial Manag97.
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 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 Ital
Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, ·· LTD. Corner of Ice House Street and Des Voeux Road, Central
THE
211 214
214 40% 41% 4142 334 33 33% London Prices The following quotations from Lon don were received last night between 6.30 p.m. and 10.30 p.m.
Silver: Spot 28-13/16 (last close), 23-11/16 (last recd.), down (change) Silver: Forward 23-16/16 (last close), 23-19/16 (last recd.), % down (change)! Silver Report: India bought. Specu lators bought and sold. China gold. Market quietly steady.
Gold: 141/6 (last close), 140/3 (last recd.), 1/3d. down (change).
London/N.Y. Selling Rate:, 4.95% (last close), 4.97-11/16 (last recd.), 2-5/16 up (change).
London/Paris Selling Rate: 74.71 (last close), 75.84 (last recd.), .63 up (change).
Liverpool Cotton-Mar.: 6.01 (last) close), 8.62 (last treed.), 01 (change).
up
Liverpool Wheat-Dec.: 5/0% (lant) clase), 5/04 (inst recd.) down (change).
London Rubber Jan.-Mar: (buyers) 7-1/10 (last close), 7-1/16. (last recd.), unchanged
London Rubber-Jan-Mar.: (sellers) 7% (last close) 7-3/16 (last recd.),! 1/16 up (change)..
London Rubber-Jan.-Mar. at noon (buyers) 7-3/16 (last recd.)
London's Forecast
A forecast from London on the pro bable trend of the New York market,
AMERICAN EXPRESS COMPANY, states:-
INC.
Head Office:~65, Broadway, Now York
Capital Surplus Reserves
Japan:-Kobe, Osaka, Tokyo, Yoko-Ameri
hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, an Taito, Takao, Temesi, Toen, Karenko.
.U.S.$8,000,000.00 2,087,112.69 1,995,528.31
KATERS Hamburg HATTO Helderberg fotarlokuu Jerusalem
.Pirmat
BRANCHES:-
Сапов
a
Antwerp
Glasgow
Nice
Kaple
Bale
Kugi, Hello, Giran.
China: Amoy, Canton, Foochow, Han-
kow, Shanghat, Swatow.
Berlla. Bombay Blew Brussels Cairo
London
Liverpool
Cans
Lucerne
Colombe Copenhagen Dublin Edinburgh Florence Önera
Никано
Lazor
Harvilles
Monte Carlo
Mucin
Others: Bombay, Hong Kong, London, leita.
New York, Singapore, Batavin, Samarang, Soerabaya, Dairan.
On and after April 20th, 1984, the on Special Current rate of Interest Deposit will be at 1% pa. on daily balence and the rate for balance over, $10,000 will be quoted on application
Maximum rate-1).
Y. OHNO,
Manager.
Hong Kong Branch
3, Des Voeux Road, Central,
Munich
Mogtex
Farla Palpia: Paiering Il berdata Re Shangha Southampton Bingsges Tieniiku
Terbina Viena Vanica Jovchema Eurish
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Fransactions undertaken.
Personal. Javeatment accounts
THE YOKOHAMA SPECIE BANK Landled.
LIMITED.
Established 1880
Further narrow movements and doll-1. ness are expected on Wall Street.
Cotton prices may open higher-with the market quiet, awaiting the Presi dent's speech to Bankers.
to
The Wheat market is due to rule higher.
Rubber prices are expected to open a little higher
CAUTIOUS PURCHASES BY ROCKEFELLER FUND
New York, To-day--The annual report of the Rockefeller Fund has revealed that purchases during 1933 were confined to Treasury Notes and small amounts of railroad bonds-United Press; por S. E Levy and Company.
THE MERCANTILE BANK OF INDIA, LTD.
*HEAD OFFIODI
15, Orachurch Btreet, London, 2.6.8. Authorised Capital...£8,000,000- Subscribed Capital
1,800,000 1,050,000
Paid-up Capital .... Reserve Fund & Rest 1,247,432
BAKKERE
The Bank of England & Midland Bank, LAB.
BRANCHES:
Ipob
Kandy
Bangkok
Babay
Karachi
Calombo
Kota Bharu
Delhi
Len Koal Konk
Koaim Edpis
Bunia Iumpur
The Company offers to intending Calcutte Travellers the use of its "Travelers Cheques" and Letters of Credit and Capital (fully paid-up) Ten.100,000,000 to addition, the world-wide services Yen 124,250,000 bf its thoroughly equipped Travel De Reserve Fund
partment.
Head Offre YOKOHAMA
Branches and Agencies at:
Alexandria
Batavia
Nagasaki
·Nagoya
Berlin...
New York
Bombay
Osaka
Calcutta
Canton
Paris Pelping Rangoon Dairen (Dalny) Fangtien (Mukden) Rio de Janeiro
San Francisco Seattle Semarang
Hamburg
Honelalu
Hainking Karachi
Kobe
Hankow Burbin
Hong Kong.
Shanghai Singapore Soerakaya
Sydney
Tientaln Tokyo
Tsingtao
Yingkow
London
Los Angeles
•Mandis-
Mojt
allowed on: Uzrent;
Deposits received for fred per
:water to:ba'.obtained
.C. H. BENSON..
General Manager,
THE WING ON BANK, LTD. HONG KONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description tranaret- led.99
Current Accounts opened and Fixed Deposits received for one year or shor ter period at rates which will be quot led on application.
New York
Port Louis
(Mauzima) Rangoon Shanghai Bingapore
Inanian (Fabang) Birnin
EGNO KONO BRANCH
Brory description of Esaking and Eachenje boel- cena tracsacted..
Travellers Chagua maad.
Trustee and Executorships under faken.
INTEREST wad on Currans Loounts and Fixed Deppes at Halas that, may be ascertainad on appllation.
J. B. B085,
Mangst, Queen's Road Centraă, Hong Kong, 12th June, 1984.
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.
(Incorporated in China);/ Capital paid up....$5,000,000. Reserves.$7,000,000, Capital Savings Dept. 6500,000. Reserve Savings Dept. $600,000,
Safe Deposit Boxes (various sizes) Head Office-Shanghal
for hire pit,
PHILIP GOOKCHIN. Chief Manager" GOCKCHINderkome
Assistant Manager, de
LA SHU FONG Assistant Manager.
A Bank having as its mission the Industrial development of China?! and the fostering of her commer cial relations abroad.
Hong Kong officeTM) Ice House' i
International Assce. Sh. $6 n.
Shipping.
Doublases, $41 n.
H.K. Steamboats, $7 sa.
Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $98 m. Shell (Bearer), 46/-→ · Union Waterboats. $13 m.
Mining.
►
NEW SCHEME FOR
GUIDANCE OF WORLD COTTON INDUSTRY
American Practice Criticised
INDIAN REVISION
LETHARGY RULES WALL STREET
President Roosevelt's “Speech Awaited -
GASOLINE - WAR FEARS
New York, To-day. Brokers expected lethargic Berlin, To-day trading on Wall Street yester- The International Cotton Com-day pending President Roose- mittee, at the conclusion of its ses-velt's speech last night..
NARROW TREND
INDICATED ON
WALL STREET
Traders Anxious To Re-Enter Market
ROOSEVELT'S TALK AWAITED
New York, To-day- The Stock market was steady yesterday with minor fractional sion, yesterday, stated that the sub- Favourable factors were that gains predominating. A narrow Jects discussed included cartels business failures totalled. 214 during and indecisive market seems to and price agreements,, and it was the week, against 267 the previous be indicated. The belief prevail- decided that the coples of the lat-week and 282 fallures during the ed, however, that many traders [ter, already in force, and the pro- corresponding period of last year, were arious to re-enter the mar n. posals under consideration by and that automobile production was ket, but were holding off awaiting and President several countries, should be sub- 29,069 cars, as against 25,401 cars encouraging news Imitted to a special legal sub-com-the previous week and 80,110 cars Roosevelt's speech at the American
Bankers' Convention last night.. nmittee for the purpose of analysing the previous year.
and suggesting a mutual composite An unfavourable factor was that S. E. Levy And Company's Report In their market report, Messrs. scheme for the guidance of the officials fear that the gasoline price-
war in New Jersey may spread to 8. E. Levy and Company, corres- world's cotton Industry.
Latery Quotations
the
It resolved that the serious com-the New England district. United pondents for Messrs, White, Weld plaints received concerning "false Press, per S. E: Levy, and Company, and Company, New York state:
"Stocks: The action of packed" bales of American cotton
market during the past few days should be brought to the notice of the United States, strongly urging The following quotations have indicates formidable resistance at the elimination of the practice, been received through Messra. S. E alightly above the present level, with sufficient stimulus obviously which is causing endless difficulties Lavy and Company and the Ameri lacking to absorb these offerings. to the Cotton-Spinners' Committee.can Oriental Finance Corpors--
Further, it holds the opinion that tion: the present system of marking bales;
of Indian cotton is inadequate andj N. Y./London- unsatisfactory, as it deprives the Cross--Rate spinner of an opportunity of tracing N. Y. Cotton- the name of the ginner from whoh Dec. Ithe cotton emanates.
It also decided that India should be urged to restore the law govern ning the marking of baling hoops in Chic Corn-
Antamoks, 60, cta. n. Balatoes, Ex. Div. $57 n. Baguio Gold, Ex Div. 46 cta. Benguet Consolidated 414
cés, n...
Benguet Exploration 22 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 10 cts. n. Gold Creek, $2 n.
Gold Rivers, 21 cts. n. Ipo Mining 32% n. Itogans $8.30 n.
Salacots 16 cta. n. Kailan, 23/6 n.
Langkats (Single) Sh. $171⁄2 n. S'hal Exploration, Sh. $5 p. S'hal Loans, $811⁄2 0.- Rauby $12.90 n.
Venz; Goldfield, $5 n.
⚫ Docks, etc. H.K. Wharves, 107 b. H.K. “Docks, $12% n. Providents (old), $11⁄2 b. Providents (new), $50 eta, n. Hongkews, (old) Sh..$310 n. New Engineerings, Sh. $54 n. S'hai Docks, Sh. $121 n.
Cotton Mills.
American 4.96% Convention
Many long traders are hoping for a favourable reaction to the Pre- New York, Yesterday, "
address before the Last To-day's sidential
Bankers' Association to-morrow night.. Should this result, we would pre- fer to reduce rather than to in- crease holdings and we would postpone new buying temporarily. Business done: 540,000 shares,
4.05
12.25
12.20
N. Y. Rubber-
Dec.
$14.07
14.17
Chic Wheat-
Dee.
9714
97
754-
76%
63
63
.52.70
52.70
Dec.
Official
view of oil stains on Indian cotton.]
The effect of the price of silver Silver- on the world's cotton trade
was Montreal Silver-
Dec: discussed lengthily, and the ques- tion was considered so important]:
the as to warrant discussion at International Cotton Congress in 30 Industrials Italy, next Spring-Reuter.
LATEST QUOTATIONS
20 Rails
20 Utilities 40 Bonds
“Bonds:-United States Govern- ment issues and high-grade bonds were better. Second-grades were easier.
"Wheat:-The market reflected Dow Jones Avg)
the better tone of foreign advices. To-day's Oct. 20 Close Change Shipping demand for Corn was .94.78 94.65 13'off a lack of short interest. Total 35.71 85.49 22 of sales: Wheat: 22,642,000 bushels; 19.73 19.66.07 off Corn. 11,846,000 bushels. 93.59 93.74 .15 up
11 Commodity In-
"Cotton: Foreign buyers .57.88 57.90 .07 up adopted a standoff attitude, due to the fact that it is difficult to gauge Close American Agricultural programme. 35% which makes caution on the long- .110% side advisable. -
17 Leading Stocke
Amer Can
The following quotations have been received by Mesars. S. E. Levy Amer Smelt & Ref and Co., and the A.0.F.C.
Oct. 22 Oct, 23 Auburn
October
13.89 December ... .14.07 January .......14.15 March
Ewo Cottons, Sh. $11 n. S'haf Cottons. (old), Sh. $75 n. S'hai Cottons (new), Sh. $45 n. Zoong Sings, Sh. $9.49 n. Wing On Textiles, 8h. $55 n. Lands, Hotels, etc. H.K, and S. Hotels, $5% n H.K. Lands, $51% b. H.K. Lands 4% Debentures 3% May
.103
14.54 RAW RUBBER PRICES
14.78 B 14.99
Latest Quotations From Singapore
97/2 9734 9714
97%
Messrs. H. B. Joseph & Co have
market
was
"Rubber:-The quiat, but acted well Total sales: 166 lots.
(Continued on Pogé 7)
LOCAL DOLLAR STEADY
Silver Prices Weaken
The local dollar remains steady, opening on demand this morning at 1/7/%d.
Silver prices declined %, spot aliver closing yesterday at 28-11/16. and forward at 23-18/16..
The London on New York cross-
Amer Tel & Tel
277
New York Cotton: Closing Closing J. I. Case
47%
Du Pont
12.17 12.18
03/
Elec Bond & Share
10%
December
:.12.25
12.26
General Motors
29%
January
.12.28
12.29
Int Tel & Tel
March
#12:35.
12.82
McIntyre
48%
May
.12.891
12.86
Montgomery Ward
27#
Nat. Distillers
20%
July New York Rubber: October
.12.41
12.39
N. Y, Central
21%
Socony-Vacuum
14.01
Union Pacific.
14.17
U. S. Steel.
18 .100% 33%
West E & M
31%
14.29
.14.45. *
May
July
.14.66 :14.86
Chicago Wheat: December
prem, s. Shanghai Lands, Sh. $27% n. · Metropolitan Lands, Sh. $14 m. Humphreys, $10 n..
July
9214
.93%
Chicago Corn:
December
75%
May
77%
received the following Straits Cur-rate, which closed on Monday at 75% rency quotations (Buyers) from 75% Singapore for Raw Rubber.--
July
-777%
77%
Jan.-Mar-25 %. Up ̈%.
Winnipeg Wheat:"
October
761⁄4
76%
December
76
77%
a. .
May
814
New York Sugar:
October
1.71
-1.69
March
1.78. 1:71
May
1.76
1.74
July
1.80
1.78
Montreal Silver:
December
.62.70
62.70
March..
58.70 ..59.74
.54.15 54.35
54.90 A
54.85
New York Suk:
December
March
1.16 1.17
H.K. Realties, $4% ni Asia Realties "A", Sh. $140 n. Asia Realtles "B" Sh. 20 D. Chinese Estates, $90 1. ·*་ ༢ China Realtica, Sh. $15 Debentures $187 n.
Public Utilities. H.K. Tramways, $20 bi Peak Trams (old), $14 n. Peak Trama (new), $7 n.
Star Ferries, $971⁄2 n.
Yaumati Ferries $21 b.
C. Lights (old), $8.95. b., 9 sa.
C. Lights (now), $8.70 b.. $83% xa. May b., $692/- July H.K. Electrice $69
34 sa Macao Electrics, $25. Sandakan Light, $8 m. Telephone (old), $23 n. Telephone (new), $10 n China Buses Sh. 18.20 n. Singapore Tractions 4/8 b. Singapore Pref., $17/9 b...
Industrials.
Malabon Sugars, $8.70 m. Cold: Macg. (ord.), Sh. $21-n. Cold: Macg. (Fref.), Sh: 120 Canton Ices., $2.70 b. Cements, $2.85 m. H.K. Ropes, $34 n.
Stores, etc.
Dairy Farms, $23.70 n Watsons, $5% n Der. A. Wings, $1 n. Lane, Crawfords; $4_n. Mackintoshs, $21 m. Sinceres, $10 n. Wm. Powells, 70 cts. n. Wing On (HK), 110 n.
Miscellaneous. H.K. Amusements, $4 n: Entertainments, 67% zi. SC Enterprises, $1. 8a. United Theatres, Sh. $1 n. Macao Greyhounds,” 33 m. Constructions (old); $1,80 m. Constructions (new) 78 cts. Chi Govt. 5% 1925 G$Bds-87% KH: Gort. 4% Loan 8% prem. HK. Goyt 8% Loan Wallace Harpers, $7% nat Vibor Piling $6.60 b.
May
B.:-BID. A-ASKED.
April-June-26 % Up 1%. Market:-Dull.-
US$4.96, closed yesterday at £—U.S.$4.963⁄41⁄4, while the New York on London rate closed at -U.S.$4.96%, as compared with -U.S.$4.95%.
BN.R.A. Code System Of Industrial
Production Control Should End
SPECIAL TO CHINA MAIL.
try itself wants, probably will be (By "Telegraph, Copyright, Telegra continued, but the Code restrictions phic Messages Ordinance,. 1894, Re-limiting production via the cur ceived. October 23, 832_a,m,)
tailed use of machines, restricting Washington, To-day.
Installation of new equipment, or The National Industrial. Recovery price fixing, probably will be eli |Admfulstration Board is reported to minated as part of the general re-
have agreed that the N.R.A. Codo|covery policy.
1.16 1.17% 1.18 1.18%
system of Industrial; production Officials said that the Board control should be abandoned in an would, shortly, recommend the re effort to boost prices, employment moval of all brakes from produc- and purchasing power.
tion-United Press, per S. E. Levy-
AMERICAN'S SMOKING MORE Production control, which indus- and Company..
CIGARETTES
New York, Today. Cigarette production in the United States, during September, totalled 10,294,-| 498,803 cigarettes, as against 94 627,722,989 cigarettes In Septem- ber last year. Dow Jones have pre- dicated higher cigarette prices— United Press, per S. E. Levy and Company
Is It Insured? ?
Exparanes - All: Charms LOWEST RATES "American" "Asiatic Underwrite
Fed. Inc. U.S.A. General: Agents :-
Head Office
#
¿Ania® Life" Building"
Tel 30234
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 & CO NEW YORK
7 ICE HOUSE STREET, HONG KONG
Tel: 30101 and 30108
Tel Addre