BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Khorised Capital $50,000,000 Jadawa 453 Fully Paidrup
Bowers Fundas-
Sterling eller d Kvetnobot gen
· THE CHARTERED BANK OF INDIA, AUSTRALIA' & CHINA,
Incorporated by Royal Charter, 1853.1 HEAD OFFICE: LONDON
smok
90,000,000
£ $300,000
Paid-up Capital
Reserve Fund
Haberra Edability at Proprimara ......$90,000,000
HEAD OFFICE: HONGKONG.
BOARD OF DIRECTUS.
Hon. Me. C. t. 8. Kackie
Chaleman,
4. EL. Dowls 'Baba qi
Dapsty Chairman.
Beserve Liability of Pro-
prietors
THE CHINA MAIL, FRIDAY, NOVEMBER 2, 1934'
Commerce and
Finance.
.£3,000,000 .£3,000,000
NEW YORK STOCK EXCHANGE
4
LOCAL SHARES.
Agencies and Branches:.
€3,000,000 S. E. Levy And Co. And
A.O.F.C. Quotations
Bangoon Halfon
Alor Blat
Ilolla
Amritsa
Ipok
Hangkok
Karachi
Bemarox
Mr. W. IL Bait,
U: Mickus, Eng.
Klang
temban
A JI. Compton, Eng.
K. B. Hurrison, Deg
Bocny
Hobe
Chonghal
*.7. Keswich, Bay.
T. E. Poston, Eng
Coleutia
Kuala
blogspora
Captoa
Lapur
Sitiawan
4. 6. Emight. Ear,
Cawagers
Kuching
Sabaya
Debu
Mad
Talplug
Colom
Manila
Thantin
Delhi
Madan
Touris
Naw York
(Bhuker
Kamburs
Palpica
1 lagleo
Hankow
(Pazing)
Yokshama
Hartla
Tenang
Vembongs.
AMOY
MANGKUK
BATAVIA
ANTON
QUEFOO QOLOMBO DAIREN
TUXE W
HAIPHONG
BAMBUR HAKKOW
HARDIN
BONⱭKLW
(LOILU
JAKOBR
LURE
7. M. Graybarn, Esq.
Calat Manager.
BHANCHES:-
LONDON
LYUNS
JIALACCA
BUNDEN
NEW YORK
PRIPING
PENASO RANDOOS
BAIGON
HAN FRANCISCO
KUALA LUMPUTA
BHANGHAI
БЕФАРОЦИ
SURABAYA
-HUNO PATANI
THENTETN
TOKYO
Halphons
Hong Kong
Foreign Exchange and Unnata! Braking buwissens transected.
The following quotations from New York have been received by Messta. S. E. Levy and the American Oriental Finance Corporation.
THE BANK OF CANTON, LTD. C. Corn May
11 a.m. 407%
TO-DAY'S QUOTATIONS.
The following in the list of local aháre quotations issued to-day:
Banks.
H.K. Bank, $1640.b.
H.K: Bank (London), $139 n. Chartered Bank 216 n. Mercantile Bank, A. & B. £30% Mercantile Bank C. £13 n. Bank of East Asia. $93 . Am: 0. Finance Corp. Sh. 420 m. China O. Fin. Ord., Sh. $4 n. China 0. Fin. Pref. Sh. 16 a.
+
Last
10.10 Clase IN.Y./London · 4.97 407
N.Y. Cotton
MINDAY
MANILA
DALOUTTA
ALLAR [Johor)
Dec. Mar.
12.16
12.00
12.07
12.20
12.14
12.14-
Outrag) dodante opsoed and Fixed Depot mostred for a year or shorter periods as "raten: which will be quoted on application,
M, Silver Dec. 32.17
Mar W. H. E. THOMAS,N.Y. Silk Dec. 116
Acting Manager. N.Y. Rubber Hong Kong, 20th February, 1934.
52.25
62.15b
53.05
GR.25
53.10b
11614b
Insurances. Canton Ins., $285 n.
1
Dec. Mar.
12.01
12:85
13.02
18.27.
13.35
Union as $515 b., 8526 s. China Underwriter, $1.10 b.
C. Wheat Dec. 93.
May.
96%
China Fire Ins., $510 n.
94%
95
77
77
W. Wheat May 80
80%
H.K. Fire Ins., $2871⁄2 n. International Assce. Sh. $8 mi
STOCKS:-
Amer Smelting 34% Auburn
35.
23
23%
Douglases, $41 n..
251
25%
9214
19%
287
2016
9%
21%
21
221
40%. 31% 32
41
31%
London Prices
KOWLIN
TRIMITAD
YOKOHAMA
Current Amounts opened la 'Local Currpacy
Fixed Deposit received for one
whertar periods to Local Company and Berling isma ebich will be quoted on application. * Klick Apell, 1984.
HONG KONG SAVINGS BANK.
The Busions of the above Bank la conduet.
od by the HONG KONG AND BANGHAI BANKING CORPORATION.
walsiped on appletion.
Bules may be
Established 1912.
Head Office-Hong Kong.
Authorised Capital ... $11,000,000 Con Gas A.Y. 20 Paid-up Capital
8,855,000 Du Font 924 Total Resources .....
82,170,492 Elec Bo & Share 9% - Branches: Canton, Tolshan, Shanghai, General Motors 29 Hankow, Bangkok & San Francisco. Int Tel & Tel 3 London Bankers: Lloyds Bank, Ltd., Loew's The 2912 Foreign Exchange and Banking Montgomery W. 21 business of every discription trans-Nal Distillers.21%
¡N.Y. Central. Current Accounts opened and Fixed Standard Oil
NJ Deposits received for one
acted.
year or
MR THE HONG KONG AND SHANGHA! shorter periods at rates which will be U.S. Steel SANKING CORPORATION
V. M. GRAYDUAN,
Chief Yonght.
Hang Bugih Pabruary, 1984.
THE BANK OF EAST ASIA, LTD.
Leskorized Capital
-$10,000,000.00 1,599 6.0 up Capital Move and Undivided Proßts 4,104,000.00
HEAD OFFICE:-HUNG, KONO
13. Das Vaux Bond Centra
BOARD OF DIRECTOR-
Yu Sho- Chon, Chairmin
u Kook Chun, E. P. K. Kwok, Esq. Work Ius Tong. Bag, Chan Ching Shel. Esq. i Lan Jang, Eey, Woog Che bon, Eng. soi Xan Ting
Ku Tong Po, Eg.. Cilet Manager.
Li Los Fong, Esq., Kanger.
BRANCHES AND AGENCIES:-
Heril
BAMTLE
Surve
Semarang
Bourty Dajarila
Nagasaki
Shangbai
New York
Hingapore
Surabaya
Alshong Hankow Heavil Robe
Landoa
Parks
Priping
Po
Н
Bagdo
Bwblow ondary Takboku Transain Toky
Vagues
San Francisco.
Eray descriptios of Beaking And Erakunge Loans granted an approved, berlin trecanėles, securities.
Lal Duti
Aceasta opnand la
Depuis cosired for
- periods in Local and Foreign Curresoles
an Leeson which Bl be quoted on application.
Ante Deposit Botes To Y
2.
KAS TONG PO.
Hong Kong, "it Starch, 1964.
Chit! Singer.
THE BANK OF TAIWAN, LTD.
Head Officei-Taiheku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formosa, Notes
lasted Average amount Y.45,000,000
Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yokom hema, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toen, Karenko Kagi, Heito, Giran.
quoted on application.
Safe Deposit Boxes (various sizes) for hire.
LOOK POONG FIIAN,
Chlet Mannt.
SAFETY FIRST!
To Safeguard Your Valuable
and Jewelleries,
Deposit them in a Vault
that is really: FIRE PROOF BURGLAR-PROOF
DAMP PROOF!
OUR SAFE DEPOSIT VAULT
The following quotations from Lon don were received last night between 5.30 and 19.30 p.m.
Silver Spot 23-3/8 [last close). -1/2 (last record), 1/8 up (change). Silver Forward 23-7/15 (last close), 23-5/8 (last record), 3/18 up (change), Silver Report: Speculators bought.
Market steady. Offerings small.
Gold 139/7 (last close), 129/10 (insi record 34 up (change),
London/N.T: Selling Rate 4.97-3/4 (last clase), 4.97-13/16 (Inst record), 1/16 un (change),
London/Paris Selling Rate 75,50
(last close), 75.33 (last record), .03 up (change),
located on the Mezzanine Floor. of Liverpool Cotton-Mar. 6.55 (last Our New building to Specially Con- close), 6.55 (last record), unchanged structed to provide all of these Im-(change). portant Qualities.
Liverpool
Whent-Dec. 4/10-1/2 (last close), 4/11-1/4 (lust record), 3/4 up (change).
You may obtain a Safe Deposit| Box in this most up-to-date Vanlt for London Rubber-Jun.-Mar. (buyers) your own use at a very moderate Ren-5-1/2 (last close), 6-9/18 (last record). tai
1/16 up (change).
Inspection Cordially Invited.
THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and,
Don Vaeux Road, Central
Į
THE
London Rubber-Jan.-Mar. (sellers) 6-5/8 (last close), 6-11/16 (last re- cord). 1/16 up (change),
London Rubber at noon (busers)] 6-7/16 (last record).
Latest Quotations
The following quotations have been received through Mesara, S. E AMERICAN EXPRESS COMPANY, Levy and Company and the Ameri-
INC.
Head Ofce:-65. Broadway, New York
Capital Surplus Reserves
can
tion:
Oriental Finance Cornera-
N.Y./London
New York, Yesterday.
Last To-day's Close Close
Shipping,
H.K. Steamboats, $71⁄4 ¤. Ipdo-Chinas (Pref.); $30 m. Indo-Chinas (Def.), $38 n. Shell (Bearer), 45/71⁄2 n. Union Waterboats, $18 m.
Mining.
Antamoks, 60 cts. n.
Balatoes, $87 n.
Baguio Gold. 46.cta. n. Benguet Consolidated
MARKET STEADY
BUT SLUGGISH Slight Improvement Expected
FRACTIONAL GAINS
New York, To-day
LOCAL DOLLAR ADVANCES
Silver Prices Rise
The local dollar; has advanced
NEW ADVERTISEMENTS
NOTICE
opening on demand this morning at BRITISH-AMERICAN TOBACCO 177.
COMPANY (CHINA) LTD.
Spot and forward silver prices BRITISH CIGARETTE COMPANT advanced and 3/16, respectively;
WINNIPEG WHEAT PRICES
Big
The market was sluggish but closing prices yesterday being 23% steady yesterday, with minor and 23%, respectively;
about evenly The London on New York cross- fractional gains divided. Some alight improvement, rate, which closed on Wednesday at generally, is expected in a con- £—U.S.$4.974, closed at tinued dull and colourless market. U.S.$4.98 yesterday, white the New S. E. Levy And Company's Heport York on London rate closed at In their market report, Messia.{£-U.3$4.981⁄4,`as compared, with n.jS. E. Levy and Company, corres- S-U.S.$4.9734.
pondents for Messrs. White. Weld and Company, New York state:
"Stocks: The market was ex-|| tremely dull, but a little firmer. We expect little change in condi- tions for the present. done-540,000 shares.
"Bonds: - 'High-grades
SPECIAL TO CHINA MAIL. pulled down by U. S. Government)
(By Telegraph, Copyright, Teldera |issues which were off half a point.[phie Messages Ordinaner, 1891. Re-
Second-grades were better at the ceived November 9, 535 a.m.)
Winnipeg, To-day close..
Winnipeg wheat prices are to be "Graine:-While the rally is ex pected to carry further, we would pegged henceforth, the minimum advise caution against bulge buy-for December being 75 cents per ing until the foreign grain' situa- bushel and for May, 80 cents. tion is clearer. Total sales: The action followed the Govern Wheat:-23,572,000 bushels; Corn: mental request for an order to pre- vent outsiders from depressing -10,436,000 bushels.
Business
were
Pegging Announced
"Cotton: The weakness of new prices. crop options is influencing much), Arrangements have been com Ilquidation and is discouraging pleted under which a Government
agency absorbs hedges In grain pur buying.
"Rubber. - Nervous selling is chased from farmers in western subsiding. The low October ship. Canada, thereby ensuring a market 41 ments of rubber from Malaya are for producers and enabling elevator impressive and we believe that operators to function normally.- ap- United Press, per S. E. Levy and promising buying levels are [proaching. Total sales:-452 lots." Company.
Reuter,
cts. n. Subdivided, Benguet Exploration 18 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 10 cts. n.
Gold Creek, $2 m. Gold Rivers, 22 cts. n.
Ipo Mining $2% n.
togans $6.30 n.
Salacots 16 cts. 0. Kailan. 22/6 n.
Langkats (Single) Sh. $171⁄2 n. S'hai Exploration, Sh. 361⁄4 a. S'hai Loans. Sh.361⁄2 n. Raubs, $10.75 b.
Venz: Goldfield, $5 n.
Docks, etc.
H.K. Wharves, $107 b. H.K. Docks, $12 b. Providents, (old) $1.55 b., $1.60 aa: Provident (new), $50'cts. n. Hongkew's, (old) Sh. $315 n. New Engineerings, Sh. $5% n. S'hai Docks, Sh. $1271⁄2 n.°
Cotton Mills.
Ewo Cottons Sh. $10% s. S'hai Cottons (old), Sh. $75 4.
S'hai Cottons (new), Sh. $48 n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh., $55 a.
Lands, Hotels, etc.
a.
K.K. and S. Hotels, $43⁄41⁄4 s. - H.K. Lands $511⁄4 b, $512/4 H.K. Lands 4% Debentures 2%
prem, n.
Shanghai Lands, Sh. $29 n.
Metropolitan Lands, Sh. $14 n. Humphreys,. $10 n.
.U.S.$6,000,000.00
Cross-Rate
4.07% 4.93
2,087,112.09
1,095,528.81
N.Y. Cotton-Dec,
12.15 12:02
N.Y. Rubber-Dec.... 12.91
13.16
Chle Wheat-Dec.
25%
97%
H.K. Realties, $4% n.
BRANCHES:--
Chic Corn-Dec.
76
774
Amsterdam
Ganon
Dingow
Milpa
•Nic Naples
Montreal Silver-Dec. 52.17
52.40
Silver-Offelal
524
53
Asia Realties "A", Sh. $140 a. Asia Réalties "B" Sh.$20 n. Chinese Estates, $90 m.
Аиция
Havane
Piranice
Bealme
Hamburg
Paria
kow, Shanghai, Serator. Others:-Bombay, Hong Kong, London,
China:Amoy, Canton, Foochow, Han-Berlin
Boraba
Envio Heidelberg'
Brezan
Brisola
J
Calro
Loafe
Calouste Саим
3, Des Voeux Road, Central.
Interlaken
.:
Pathin
l'aferma
(Dow Jones ATE)
To-day's
30 Industrial 98.36 93.40 .10 up. 20 Ralls ... 34.78 24.26 ,52 off
China Realties, Sh. $15% n.
Public Utilities,
H.K. Tramways, $19.65 n. Peak Trams (old), $14 n. Peak Trams (new), $7 n. Star Ferries, $971⁄2 m.
Betlerdata
Re
20 Utilities. 19.17 19.04
.13 off
Shoghe
40 Bond:
93.26.03.18
.10 off
Gipp
11.Commodity
Monte Carls
Manila
Tiental Taormina Vien Vantee Tokobama Eurtch
Index 56.82 57.12
.30 up
17 Leading Stocks
Yaumati Ferries $22 b.
Close
Amier Can
100%
C. Lights (old) $8.90 n.
Amer. Smelt & Ref Amer Tel & Tel Auburn
84
C. Lights (new); $8.70 r.
109%
H.K: Electrics $68 ̊ n.
2346
Macao Electrics, $25 n,
45%
91%%
Sandakan Light, $3 8.
94
29
D
43
27
22
2934
13%
99%
314
30%
Malabon Sugars, $8.70` n. Cald: Macg. (Ord.), Sh. $21 n. Cald: Macg. (Pref:), Šk. $20 ̄n
Business done-540,000 shares.
Canton Ices, $3 b.
New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.
On and after April 20th, 1984, the on Special Current rate of Intercat Deposit will be at 15% pa. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate—1).
Y. ORNO,
Manager.
Hong Kong Branch
THE YOKOHAMA SPECIE BANK LIMITED.
Celoosh Copenhagen Dublin Edinburgh
Gindek
Liverpool Luverne
Lugnoo Luxor Staresillos
Munich
Montrou
Branches of American Express Com I. Case pany in Principal cities of United Du-Pont States of America and Canada.
Elec Bond & Share General Motors All classes of Commercial Banking Int Tel & Tel Fransactions undertaken.
Melntyre: Montgomery Ward. Personal investment accounts Nat Distillers
IN.Y. Central {Socony-Vacuum-" The Company offers to intending Union Pacific.
|U.S. Sisol Travellers the use of its "Travelers Capital (fully paid-up) Ten.100,000,000 Cheques" sort Letters of Credit and West E & M Reserve Fund
Yen.124,250,000 in addition, the world-wide services
of its thoroughly equipped Travel De partment.
bandled
Established 1890
Read Office:-YOKOHAMA
Branches and agencies at:
Alexandris
Batavia
Berlin
Bombay
Nagasaki Nagoya New York Osaka
Calcutta
Paris
Canton
Peiping Dairen (Dalny)
Rangoon (Mullen) Rio de Janeiro-
San Francisco Seattle
Hankow Harbin
Hong Kong
Honolulu Hainking. Karachi
Kobu
London
Los Angeles
· Manila
Moji
Semarang
Shanghai Singapore Soernbaya · Sydney Tientsin
Tokyo.
Tsingtan
Yingkow
Interset allowed, on Charent An-
Deposita received for fixed perioda
C. H. BENSON,
General Manager,
THE WING ON BANK, LTD.
:RONG XONG
Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description transact ed.
GOLD IMPORTS `SOAR IN AMERICA
New York, to-day Gold · im- totalled ports during October U.S.$6,859,900, as against U.S.$115,-| 600 during September. United Press per S. E. Levy and Company,
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED
(Incorporated in
China)
Current Accounts opened and Fixed Capital paid up $5,000,000 Deposits received for one year or shor-||| Reserves 4 A10 $7,000,000. ter period at rates which will be quot-Capital Savings Dept. 1500,000. ed on application,
Reserve Savings: Dept. $500,000.
Safe Deposit Boxes (various mixes)!
for hire
PHILIP GOCKCHIN. Chier Manager
t:rater to be obtained on application. L. GOCKCHINA C
CK KISHINAMI,
Maziger.
Hong Kong 11th September, 1084
Assistant Manager
LIBHU FONG “Assistant Manager,
"Head" Offles---Shanghai
A Bank having as its mission the industrial development of Chizm and the fostering of her commer- ciál relational abroad:fals -Hong Kong fles -7 Ics House Bt. Phone 31481-2-9.
Telephone (old), $23.15 b.
Telephone (new), $10 n. China Buses, Sh. $13.20 n. Singapore Tractions 4/8 b. Singapore Pref., $17/9 b.
Industrials.
Cements, $2.15 s. HK. Ropes, 3⁄41⁄44 n.
Stores. etc. Dairy Farms, $23 u. Watsons, $51⁄2 11: Der. A. Wings, $1 n. Lane, Crawfords, $4 n. Mackintoshs, $21 n. Sinceres, $10 në Wm. Powells, 70 cts. n.° Wing On (HK) $110 m.
Miscellaneous. H.K. Amasements, $4... *Entertainments, $71⁄2 n.
3.C. Enterprises, $1-n United Theatres, Sh, $14 n. Macao "Greyhounds,” $2 'n Constructions (old); $1.80 n. Constructions (new), 75 ctab
- Vibro Piling $6.80 n. 27/
Ch. Govt, 5% 1925 GSBds--87%
Market Factors
The following telegrams were received by Messrs. S. E, Levy & Co. from Reuter:
(Continued on Page 10.)
BANKING SOUND IN AMERICÀ
Encouraging Report In Journal INFLATION OBSTACLE
SPECIAL TO CHINA, MAILA
TREND OF WHEAT
PRICES
Dependent In U.S. On Argentine Exports
SPECIAL TO CHINA MAIL. (By_Telegraph, Copyright, Telegra. phic Messagez Ordinance, 1896, Re- ceived · November 3, 5.45 am)
beg
LIMITED.
and
ENTERPRISE TOBACCO.
····COMPANY LTD.
to announce that from this date their businesses in China will be carried on by: YEE TSOONG TOBACCO COMPANY LIMITED.
and: !
́‚YEE TSOONG TOBACCO
DISTRIBUTORS LIMITED ·
but that they will continue to trade in Hong Kong, Macao and Kwong Chow Wan, under their own names exactly as In the past.
BRITISH-AMERICAN TOBACCO
COMPANY LTD, LONDON.
.. and
YEE TSOONG TOBACCO* COMPANY LTD.
also. announce that they have appointed
·YEE TSOONG TOBACCÒ DISTRIBUTORS LIMITED.
to be their Sales Agents in China, with effect from this date.
November 1st, 1934.
THOMAS'S MONEY BILLS
Three Planned For Next Congress
SPECIAL TO CHINA MAIL. (Bu Telegraph. Copyright, Telegra phic Messages Ordinänes, 1804, Re- ceived November 2, 5.35 m.)
New York: To-day. Senator Thomas, of Oklahoma,
Washington, To-day, yesterday said that he intends to The Bureau of Agricultural introduce, firstly, a Bill recom·· Economics states that the trend of mending Government ownership of wheat prices in the forthcoming the Federal Reserve; secondly, a months will depend largely on the Bill devaluing the dollar to the rate of shipment from Argentina full limit; thirdly, a Bill retiring (By. Telegraph, Copyright, Telegra and the extent of the whent useable nine varieties of currency and the phic Messages Ordinance. 1994; Kelas feed:""
issuing at one kind of paper money Fecived November 2, 5,25 am)
The Bureau indicated the bellef against metallic reserves. New York, To-day that domestic prices will increase
"I can, force devaluation of the The American Bankers' Associa-j tion review, "Banking," states that the current banking business situa-| tion in the United States is the of foreign markets due to large clarcd.-United Press per S. Er
Argentine shipments and cheap Levy and Company. soundest for three years.
•
and declared that the recent domes-dollar and will do so regardless of tic decline was due to the weakness the President's attitude," he 'de
"Probabilities indicate that the French wheat United Press, per
S. E. Levy and Company. Government will follow, as conser-
vative a policy in monetary matters
as political exigencies will permit," it states.
"We do not believe that the Pre
sident will raise prices. via mone-
BANKERS' LINK WITH ADMINISTRATION"
New York, to-day-The Invest-
tary manipulation. The fear of ment Bankers'. Association has ap
RAW RUBBER PRICES
|Latest Quotations From Singapore
Messrs. H. B. Joseph & Co. have the following
Inflation will gradually, be allayed, pointed a Committee to co-operate received
Straits
but meanwhile it is a definite ob- with the Administration in order to Currency quotations (Buyers) from stacle to recovery and financing," spur recovery through the opening Singapore for Raw Rubber. -United Press per.S. E. Levy and of a new capital market.-United Company.
MORE OPTIMISM
NEEDED
U.S. Market Exports Déplore Attitude
· INDEFINITE” TREND
SPECIAL TO CHINA MAIL (By Telegraph, Copyright, Telegra ohio Messages Ordinance, 18. Bm ceived November 2, 545 oun.)
New York, To-day.
Press per S. E. Levy and Company.
AMERICAN STEEL MILLS SEE INCREASE
Jan.-Mar. 24 unchanged. April-June 25% unchanged. Market Steady.
New York, to-day-Steel mills Is It Insured? are reputed to be purchasing scrap
steel in anticipation of an increase | lin production-United Press per
S. E. Levy and Company.
HUEY LONG PROJECTS BONUS BILL
New Orleans, To-day-Sena-
Insurance All Chica
LOWEST RATES
American Asiatic Underwriters Fed. Inc, U.S.A, General Agents.
Head Office
The noted economist, Mr. Roger tor Huey Long has announced 17; The Bund Ward Babson, states that the that he will introduce a bonus Shanghai market has fully discounted the Bill at the next session of Con- current economic situation.
Standard Statistics states: "Recent developments justify a morê optimistic attitude in the entire security market prospect. New York stock market. is in- definite. Favourable factors yes- terday were the increase in selective buying and the con- tinuance of good retail trade re-7 !ports.
Unfavourable factors were that traders are worried regard- ing legislation at the forthcom ing Congress, and the uncertain- ty. prevalent in most of the com modity markets-United Press, per S. E. Levy and Company
VAST INCREASE IN-BANK":
DEPOSIT DEMAND
New York, to-day-The Federal Reserve Board has reported that member banks net demand for de-
H.K. Govt, 4% Loan 8% prem. n. posits has increased almost U.S.84, HK Govt. 82% Loan 2% 000,000 since the Bank holiday.
prem, by
Wallace Harpers, 87% nộ?
last year United Press per S. E. Levy and Company.”
[gress.
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 ME
CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK:
TICE HOUSE STREET, HONG KONG
30101 and 80103
?
HLY Offer. Asia Life Building Tel. 30784
Tel Address: Belco