BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
Med and Pulty Pallop mo
orland Capice:
Barre Fundi:-
Barling mereka yagona s
£650.000
$50,000,000 20,000,000
Besarta Tabihy of Proprietor $20,000,000
HEAD OFFICE: KUNARONO.
BOARD OF DIRECTORS.
lor. C. 1. 8. He
Chairinao,
Hot Mr. N. R. 1.
W, 1. Hoil. Exp.
Deputy China.
El. Campiau, Euq.
W. I. Kenwich, C
#0. Rõigh), E.
AMOY MANUKUE BATAVIA. BOMBAY QALCUTTA JANTUN DIEFOO 12 LOMBO DAINER 7000HOW HAIPHONG ALBUMI HANKOW
ПАКИН HONGREW
ELITA
10
HOME
KOBE
KOWLOON
U. Maskin, Eng.
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON
THE CHINA MAIL, SATURDAY, NOVEMBER 10, 1934
Commerce and Finance
SHARE MARKET.
Weekly Report.
Hong Kong, November 10. Mr G. A. Harriman's workly share repuri and market review issued at noon states:-
1
Paid-up Capital
Beserve Fund.....
£3,000,000 .£8,000,000/
Reserve Liability of Pro
prietors
-£8,000,000
Agencies and Branches:
Alor Star
ilable
Bungoon
Ameliar
pob
Balgon
Baghok
Karachi
RenardR
Rians
Ketebas
Kh. Mornish, Eng
Xobe
Phongha!
Kuala
Eingapore
r
1. E. Prates, Zaq.
Lumpur
Bitinwan
10 por
. Bucking
Bowlby
Madra
Talplag
Bolte
Maalia
Timbuln
Dat
Tangish
Haiphong
New York
(Bhukar)
Hanbur
Palping
Tsingtao
Hankow
Harbin
Ponen
(Poxing)
Yokobaina
Zamboange
Jong Koon
transacted.
V. M. Cragin, tag
Chiel Blaunger.
GRASON-
SOSDON
LYUNS 383LAUCA MANILA
MUAN Jubars)
NORDES
BLW K
PELVINA
PENANG
HANTON
HAMON
DAN FRANCISCO
HELA LUMPUR
BHANGULT
KENGA PULI
RHABAYA
MUNUEL PATANI
HEXISTR
TOKYO
THINGTAO
YOKOUANA
Cursul 400gzase apessed lu Local Cuinaty set and Deposita reeled for one year pr shorter peciosie Local Canyag and Berling
Star which will bo' quated anyplomu Wong Kong, 15th April. 1994;
HONG KONG SAVINGS BANK.
The shine of she sbors Baux is sondu
by the HONG KONG AND SHANOMAL BANKING CORPORATION. Hules may be
hiind ca application.
PUR THE LONG KONG AND BHANGHAI BANKING CORPORATION
V. M. GRAYBURN,
Chief Monger.
Long Bongth February, 1994.
THE BANK OF EAST ASIA, LTD.
Authorised Capa
Cam
$10,800,000,OU mgmt.com A, KAD
Koostra mul tikdinidad zemas k
HEAD OFFICE:-HONG KONG
14, De Vau Hond Coutral. HARD OF DIRECTVGA :--
Hit how-un t'hor, Chea.
La Koons Churs, y 1 B. Kwok, E., Wong Lu Talir. K. Chen Chby shek, Rog La Lan Mag Erg, Wou Obu Son, Exq. and Kan Ying Bong.
Ban Tong P3, B4, Chial Manager.
El The Frog, Lıq., Kanagar,
DRANCHES AND AGENCIES-
Am
Malbaie
Mogapore
watow
babareng
Bombay
Nogentl
bhangha
Calculis deaton Asiphong Hankow Цоковыя Labe
Now York
Oval
boundar
Pack
Palping
byday
Packag
Bangon
It
Kowloon Loudon
dai vo
Tokyo
de Franchio
Taiboku
FROCOTH
Yokohame
Balkyia
Bombay Caloutta Gotod
Obu
week
The market during the under review was very quiet con- sequently business on the whole was on a rather restricted scale with rates more or less unaltered. investment section Hong In the
Electrics receded further Cueras Acut opened and Flaed Depois with business reported at us low racared for one year or shorter parlada as zuine! which will be quoted an application.
W. H. E. THOMAB,
Acting Manager. .Hong Kong, 20th February, 1984.
Formiga, Excisege and Unteral Banking business Kong
SAFETY FIRST!
To Safeguard Your Valuables and Jewellerlea. Deposit them fa a Vauli that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSIT VAULT
as $67,
Wharves after having been done at $109, continued in demand
Telephones at $108%. and Dairies were neglected at quotations. Trams remained firm with sales reported at $19.35 and more shares could be placed at this rate. Among the minor is sues, Hotels and Lights were wanted at $4.60 and $8.80 respec- tively.
Cements were in favour again with buyers at $2.00 for near deliverles. In the sterling section Banks and Unions were located on the Mezzanine Floor of transacted at $1,645 and, 8520 res- Our New building is Specially Con-pectively, The tone of the mar- structed to provide all of these Im-ket at the close is quietly steady. portant Qualities,
Business during the week has been done at the following prices:}
Hong Kong Banks, $1,640. Wharves, $100.
You may obtain a Safe Depozit Box in this most up-to-date Vault for your own use at a very moderate Ren-) tal.
Inspection Cordially invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THE BANK OF CANTON, LTD.
Established 1912.
Bead Office: Hong Kong,
Water boats, $12.90/13. Hotels, $4.15/4.70. Humphreys, $9.15. Ewos, Sh.$9.90, Hong Kong Lands, $51. Hong Kong Trams, $19. Entertainments. $6.90. Gold Rivers, 22 çts,
Author Capital $1,000,000 H.K. SHAREBROKERS”
¡Paid-up Capital
Total Resources
8,855,000 82,170,492
Branches: Canton, Toirhan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Banking Foreign Exchange and
businous of every discription tran
Beted.
-.
ASSOCIATION
Stock Report
The following report was issued
Current Accounts opened and by the Hong Kong Sharebrokers" Deposits received for one year or Association yesterday afternoon. shorter perlods at rates which will be quoted on application.
Safe Deposit Boxes (various sizon)
Every chempio of Backing and Erching for hire.
bu dosed. Loans grasindo approvedi
Gureens Acouple opered to Low Curre and Fixed Depot hired for 30s year of abrez perioda in Local and Foreign Currencias
terms which will be quoted an application. Date Depil Cures To Let
KAY TONG 14,
Chief Madager.
Hong Kaby, Avi Marola, 1961.
THE BANK OF TAIWAN, LTD.
Head Office: Taihokn, 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-
LOOK POONG SHAN,
THE-
Chiat Manage
Underwriters $1.10 b. Douglases $40% b.
Gold Rivers 211⁄2 cts., b. Salacots 16 ets., B. Tinited Paracles 34 cts., b. Rambs $11.10 b.
Hotels $4.60 b., $4.70 a..
AMERICAN EXPRESS COMPANY, Lands $51, b.
INC.
Hend Office:-65, Broadway, New York
Capital Surplus Reserver
.U.S.$8,000,000,00 2,057,112.69 .... 2,995,528.81
bama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Taito, Takno, Temsui; Toen, Karenko Atham Kagi, Heito, Giran.
Amsterdam
Antwerp
ÁM 250
Beatre
Berlia
Bocobar
Brenton
BRANCHES:
GADOR Glasgow Havana Hamburg
Iloldalberg Interlaken
Hilan Kics Haplou
Brussels
Calro
Jerusalam London
China:-Amoy, Canton, Foochow, HAD-
kow, Shanghai, Swatow. Others:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Boerabaya, Dairen.
On and after April 20th, 1934, tha rate of Interest on Special Current Depoalt will be at 1% p.a. on dally. balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-136),
Y. OBNO,
Manager.
Hong Kong Branch
"
8, Des Voeux Road, Central,
THE YOKOHAMA SPECIE BANK LIMITED.
Established 1888
Calcutta Cannes
Bolomba
Copenhagen
allo Edinburgh Flacon Geneva
Liverpool
Lamine
Ingent LAKOP
Monte Carlo Manila
Yunich
Noctrous
PITROUS Paris
Paipta, Partic Rotterdam Boma Shingles. Spethampton Slugspor Mantala Taormina
Vieque Venlos Fakobama
Farich
Branches of American Express Com- pany in Principal cities of United Btates of America and Canada.
-All classes of Commercial Banking Transactions undertaken.
Humphreys $b. Wharves $108 b. Providents Old $1% b. Docks $12.60 b. Trams $19.40 b. Yaumati Ferries $22. Lights Old $8.75 b., $8.90 a Lights New $8.55 b. Canton Ices $3 b.
Cements 32 b. Ropes $2.80 b. Constructions Old $1.65 b Cstruction New 75 cts., b. Nanyangs $4.60 b.. Gold $ Bonds 85%% b.* S. C. Enterprise $1.20 b.
THE MERCANTILE BANK OF INDIA, LTD.
-HEAD - OFFICE:
1E, Gracehurch Street, London, E.0.8 Authorized Capital £3,000,000 Subscribed Capital.... 1,800,000 Reserve Fand & Rest Paid-up Capital 1,050,000 1,247,432
BANKERS:
The Bank of England & Midland Dank, Ltd. BRANCHES:
Personal Investment accounts Bangko
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
Yen.124,250,000 In addition, the world-wide services
Head Office:-YOKOHAMA
Branches pad: Agencies at:
Alexandria
Batavia
Berlin
Nagaiak! Nagoya New York
Osaka
Bombay
Calcutta
Ganton
Parli Pelping Dairen (Dalny)
Rangoon Fengtion (Mukden) Rio de Janeiro Hamburg
San Francisco Scattle
Hankow: Harbin
Hong Kong,
Honolulu
Hainking
Karachi
Kobe
London
Los Angeles
Semarang
Shangha
Singapore Soerabara Sydney Tientsin
Tokyo
Tsingtao
Yingkow
Interser ~ allowed on Uzrent Ao
Deposits received for fixed
rates to be obtained on application.
#KISHIN
ong Kong, 11th September, 1984
f its thoroughly equipped Travel De: [partment.
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 transact Fed.
Current Accounts. opened, and Fixed Deposita received for one year or shor- ter period at rates which will be quot ed on application,
for hire.
Safe: Deposit Boxes (various sizes)
PHILIP GOCKOHIN
GOCKCHINE Assistant:Manager to
ALI SHU FONGE
Ipob
Kindy
(Madun)
Bow York
Bombay
Oile
Calculs
Delhi
Karachi
Poet Loole
Colombo
Kala Bhara
Kush Lipis
Kuala Lumpur
Hong Hong Howrah
Rangoon
Shanghai
Kuantan (Falone) Bila.
Elagspore
HONG KONG BRANCH sesa transealed.
Every description of Banking and Exchange bual- Travellers Cheques tempada
Trustee and Executorships under- taken.
INTEREST Alowed an Ourmit Accouple and Pised Depodia at, Bates that may: bez mesclalond on application.
J. B. BOSS.
Queen's Blood Central. Hong Kong, 12th Jane, 1984..
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated In China)
Capital paid up
$7,000, Reserves Capital Savings Dent, $500,000, Reparto Savings Dept. 3800,000 Head Offen-Shanghai
A Bank having as its mission the industrial development of China And the fostering of her commer cial relations abroad.
Hong Kong offcam), Ice House Bt.
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
The following is the list of local share quotations issued to-day:
Banks,
H.K. Bank $1655 8. H.K. Bank (London), £134 n. Chartered Bank £16, n.
Mercantile Bank, A. & B, £32 Mercantile Bank C. £18% n. Bank of East Asia, 893. n. Am: 0. Finance Corp., Sh. $20. China O. Fin. Ord., Sb. 14 n. China 0, Fin. Pref. Sh. 5 .
Insurances.
Canton Ins, $285 9. Union Ins., $517% b
China Underwriter, $1.15 b. China Fire Ins, $510 n. H.K. Fire Ins., $2371⁄2 n. International Assce. Sh. $6 D. Shipping.
Douglases, $41 n. *~*~*; H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $88 n. Shell (Bearer) $44/41⁄2 n. Union Waterboats. $18 m.
Mining.
Antamoks, 60 cts. n. Balatoes, $57 n. Baguio Gold, 46 eta, a. Benguet Consolidated $13.75 n. Benguet Exploration 18 cts, n. Benguet Goldfield, 20.cts. n. Big Wedge, 10 cts. . Gold Creek, $2 n.
Gold Rivers, 22 cts. n. Ipo Mining $21⁄2 ¤.
Itogans $6.30 Salacota 16 cts, ♫
Kallan, 20/7% 0.
·
Langkats (Single) Sh. $172 n.
S'hal Exploration, Sh. 364 n. S'hai Loans, Sh.$61⁄2 n. Raubs, $11. Venz; Goldfeld, $5 n.
Docks, etc.
H.K. Wharves, $109 n. H.K, Docks, $12 b. Providents (old) $1,55 b. Providents (new), $50 cts. a. Hongkews, (old), Sh. $315 m. New Engineerings, Bh. $52 n. S'bai Docks, Sh. $128 n.
Cotton Mills. Ewo Cottons Sh. $10.10 n. S'hai Cottons (old), Sh. $77% S'hai Cottons (new), Sh. $461⁄2 Zoong Sings, Sh. 39.40 n. Wing On Textiles, Sh: $55 n.
Lands, Hotels, etc.
H.K. and S. Hotels, 84.60 b. H.K. Land, $501⁄2 b.
H.K. Lands 4% Debentures
prem sa..
MORE ACTIVE
MARKETS SEEN
IN NEW YORK
Traders Reassured By Elections
BROKERS OPTIMISTIC
NEW YORK STOCK
EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
LATEST QUOTATIONS“
The following quotations have been received by Messrs. S. E. Levy, and Co. and the A.0.F.C.
Nov. 8. Nov. 9,
New York Cotton: Closing Closing: December
12.17 12.27 12.22 12.82
The following quotations from New January York have been received by Messrs. March {S. E. Levy and the American Oriental | May
Finance Corporation.
Last
Close 10.10 11.00
May
08% an increase of 47.8 per cent, as C. Whent Dec. 99
with September und compared
|C. Corn May 801⁄4 122.3 pur cent. above the total w. Wheat May 83% for October last yerr, marking STOCKS the first gain. over 1983 since Amer Smelting 30%
Auburn that President Roose-Con Gas NY. April, and velt's advisors indicate that the Du Pont Chief Executive plans to modify Elec Bond & the Administration's programme Share
General Motora on more conservative lines, oppos Int Tel & Tel ing infintion and seeking stabili-Loew's Inc zation at an early date.
12.28
12.89
1,2.20 12.37
July
12.28
12.35
New York, To-day. Brokers predict more active markets, due to participation by NY./London normally large traders since the election.
October (1935). ·
11.99
12.06
Spot",
12.40
12.50
6.00% 4.00 4.99
New York Rubber; ›
N.Y. Cotton
Dec. Mar,
12.17
12.14
12.19
December
38.28
13.81
12.28
12.20
12.31
January
13.40
13 41
Corporation, showing
Favourable factors yesterday M. Silver Dec. 52.65 were that residential construc
N.Y. SIK tions during October totalled US NY. Rubber 326,300,000, according to the F. W. Dodge
52.85 52.806 March
13.62
13.03
Mar.
53.63 1.10
53.06h 53.05b
May
19.83
13,81
1.10b
July.
14.03
14.01
Dec.
13.28
13.19
19.26
September
14.25
14.22
Mor.
13,62
13.55
13.60
Chicago Wheat:
100
December
991⁄41⁄4
99%
90%
80%
May
98
994
+
834
July
92%
95%.
Chicago Corn: ̧.
86%
December
78%
79%
-25%-
25%
25
1
20 20% 26
May
80
81%.
95
064
July
80%
81
Winnipeg Wheat:
07
95%
9%
December
7834
783%
80%
30%
30%
May
83
832
9%
ถน
0%
30%
304
31%
July
84
84%
'An unfavourable factor that gasoline price-cutting has N.Y. Control been resumed in the northern U.S. Steel 34 33% area of New York.
Montgomery W. 28% 22% Was Nat Distillers
28%
29
New York Sugar:
22%
October
1.81 -
1.80
21% 21% 21%
March
1.71
1.69
Stan Oil N.J,
42% 42% 42%
34.
London Prices
May July.
1.75
1.72
1.80
1.76
1.19
1.22
1.20
1.23%
1.21% 1.25
52.65 52.00
53.63 53.85
54.15 64,37 54.75 54.90b.
b-bid.
S. E. Lovy And Company's Report The following quotations from Lon- New York Silk:
In their market report, Messrs.don were received last night between December
May
May
Governor Attends "The House Of Rothschild"
S. E. Levy and Company, correa 5.30 p.m. and 10.30 p.m.
Silver Spot 23-9/16 (last close); March pondents for Meagrs. White. Weld 23-5/4 (last recd), 3/18 up (change). and Company, New York state: Silver Forward 23-11/16 (last close), Montreal Silver:
of the 23-7/8 (last recd), 3/16 up (change). December "Stocks: The action
Silver Report: India and China March market is encouraging. With the bought. China sold at rise. Market Elections past, the Government steady.
Gold 139/2 (last.close), 139/7-1/2 July can now concentrate on its pro- gramme of business atimulation. (last reed), 5-1/2d up (change).
London/N.Y. Selling Rate 6.00-1/2) Inflation sentiment also Wag
(last close), 14.98-0/16 (last recd), doubtless a factor. We believe1-15/10 down (change).
London/Paris Selling Rate 76.03 GALA PERFORMANCE that a more confident buying atti- itude cau be adopted. Business (last close), 75.71 (last read), 32 down
(change).
AT KING'S THEATRE done:-1,230,000 shares.
Liverpool Cotton-Mar. 6.49 (last "Bonds:-United States Govern-close), 0.85 (last rocd), 06. up ment bonds were easier. The un- (change) dertone of high-grad continues to Liverpool Wheat-Dec. 5/1-3/8 (last) Improve and prices were up frac- close), 5/1-3/8 (last record), iz
changed (change). tionally. Second-grades closed
London Rubber-Jan.-Mar. (buyers) 0-0/18 (last close) 6-1/2 (inst rec), In the presence of His Excellency the Governor and Lady Peel, the "Grains: Corn husking re- 1/16 down (change)
London Rubber-Jahar (sellers) 20th Century, production turns are discouraging. The crop 8.6/8 (last close), 6-5/8 (used), House of Bothschild" was presented estimate confirms bullish expecta- unchanged (change).
London Rubber at noont (buyers) to the Hong Kong public last night. tions. Total sales: Wheat: 28,-
1at the King's Theatre... 712,000 bushels; Corn: 10,136,000 6-1/2 (last reed).
Such historical drama, superbly," London's ForecABİ busbels.
A forecast from London on the prob "Cotton: Sales of cotton-goods, able trend of the New York; market, acted by an excellent cast has never
before been screened were better.Trade and speculas states:
Wall Street is expected to open In addition to His Excellency the tive buying was more active."-
"Rubber:-Outside interests are steady, but not much movement is Governor and Lady Peel, who wera
anticipated The market is awaiting jatill hesitating, but factories were the first Presidential announcement accompanied by Capt. R. F. Walter, of-after the great Election victory, A.D.C., and Mr. J. G. Pilcher, many n. good buyers. Producers are
Cotton prices may open higher, but prominent residents were the gueste n.fering sparingly and the situation
is gradually clearing, Total sales: the market is subject to future roof the Hon. Mr. S. W. Teo, Director gulations regarding next year's acre-of China Entertainments Ltd., at 147 lots."Reuter.
strong.
Market Factors
The following telegram was 14ceived by Meagra. S. E. Levy
Shanghai Landa, Sh. $29 n. Metropolitan Lands, Sh. $14 n. Humphreys, $94.
H.K. Realties, 84% n.
Asia Realties "A", Sh. $140 n. Asia Realties "B" Sh. 20 ni Chinese Estates, $99 n.. China Realtles. Sh. $15% 0. China Debentures Sh. $137 n.
.
Public Utilities.
H.K. Tramwaya, $19.35 b. Peak Trame (old), $14 n. Peak Trama (new), $7 n. Star Ferries, 897.3. Yaumati Ferries $22 n. C. Light (old), $8,80 b.. C., Light (new), $8.55 b. H.K. Electrics $671⁄2 .. Macao Electrica, $25 1. Sandakan Light, $8 s. Telephone (old), $29 Telephone (new), $9.70/85 88. China Buses, Sh. $18.20 n. Singapore Tractions 4/8 b. Singapore Pret., $17/9
Industrials.
B.
Malabor Sugars, $8.70 n. Cald: Macg. (Ord.), 8h. $21 n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $8 b Cements, $2.10 8. H.K. Ropes, #34 n.
Stores, etc. Dairy Farms, $28 n. Watsons, $5% n Der. A. Wings, ŝi n. Lane, Crawfords, $4 ¤. Mackintoshs, $21 n. Sinceres, $10 a 12 Wm. Powells, 70 cts. n. Wing On (HK) $110 m.
Miscellaneous. H.K. Amusements;. 84. n. Entertainments, $77%⠀n." 3.C. Enterprises, 81 n Macao "Greyhounds, 32 n. Constructions, (old), $1380 m2: Constructions (new), 75 cts. b. Vibro Piling, 8:60 m
Co. from Reuter:
age.
The Wheat market may open
last night's Premiere.
The
steady. The weather in the corn belt Prominent among those present reis cooler. The South-west is not re-were: The Chief Justice, Mr. A. D. celving the badly needed rains. The A. MacGregor and Mrs. MacGregor, weather in the Argentine is unfavour Mr. Justice A. G. Mossop, of H.B.M.. able, but the Buenos-Aires market is not responsive.
&
Supreme Court, Shanghai, and Mrs. Rubber prices may open a little Mossop, Hon. Mr. and Mrs? D. W.
Favourable factors prior to the jopening of the markets were: (1)
Trade news continues to be mo-lower. dérately encouraging (2) Infla- tion possibilities are still taining influence. (3) The volume
# BUS-
Tratman, Hon. Mr. and Mrs. R. E. Lindsell, Hon. Mr. and Mrs. E. Tay- lor, Hon. Mr. and Mrs. C. G. Mac ·
"Cotton: The market was quiet, kie, Mr. Justice and Mrs. P. Jacka, - of trading dwindles on reactions, with demand for December against and Hon. T. N. Chau.-N.8. which is attributed to Impatient sales of actual cotton the feature realizing.
The Trade is awaiting definite nowa Unfavourable facter "was: The regarding the acreage of the next lack of follow through on rallies
crop.
is causing disappointment on "Rubber: The market was qulet Wall Street.
Jand nervous, but was steadied by Wall Street is steady, but move-the strength of the other markets. very narrow, with Commission Houses bought, while minor fractional losses predomin-dealers sold. ating.
ments
are
:
"Flashes Analyst Index of Busi- car-ness Activity: 75.2, against 74.9 last With interest, at present tred upon the European situation, week.
Is It Insured? ?
Insurance All "Clamson LOWEST RATES. American Asiatic Underwriters
Fed. In USA. General Agents
Automobile output in the Head Office
traders are expected to continue United States during the week
very cautious and narrow and in-amor
amounted 17,116 units, compared, The Hund decisive movements are expected, with 23,626 units the previous week. Shanghai
The American Railway Associa-Money in circulation increased by
tion reports carloadings for the $49,000,000."Reuter,
week ending November 3rd at]
612,000 cars, a decline of 2,000 cars from the corresponding per- iod of last year.
The Studebaker Motor Com pany's third-quarter report shows a net loss of $369,000, compared with a loss of $274,000 during the corresponding quarter of last
year.
E. A. Pierce Co.'s Report In their market report, the American Oriental Finance Cor poration, correspondent for Messrs. EA. Pierce and Company New York state:
Stocks: The action of the market speaks for itself and we think that the longside is still logical.
"Wheat: Prices held firm during most of the session. Trading was moderate with support forthcoming! on setbacks.Mills were reported as moderate buyers of December
N options. Reports from Australia
Ch. Govt. 5% 1925 G&Bds, -87%, are. unfavourable while forecasts HK Govt. 4% Loan 8% prem, indi rain in the Argentine. Export demand for Manitoba wheat itions Dry weather are reported from the South-West. (Continued on next Column)
H.K Govt 8% Loan 8% prem in slow,
b., 4% prem. 8. Wallace Harpers, $73⁄41⁄2 m
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
7ICE HOUSE STREET, HONG KONG
Tel: 80101 and 80109
EA.Unico Asia, Life'
Tel
-Selco