BANKS
HONG KONG AND SHANGHAI BANKING CORPORATION.
berland, Capital Logo
hand sod Fully Paid-up skoonmayma Moore Funds tou
Bear $10,000,000
BOARD OF DIRECTORS, Hou. Mr. . . B. Maskie Chakras,
20,005,950
THE CHARTERED BANK OF ́INDIA, AUSTRALIA & CHINA.
Incorporated by Royal Charter, 1853.
HEAD OFFICE: LONDON
Paid-up Capital
£6,500,000
Bassero Láskůlty of Proprietors
$30,000,000
HEAD OFFICE, HONGKONG.
Reserve Fund
$8,000,000 ..23,000,000
Reserve Liability of Pro-
prietors
.48,000,000
Agencies and Branches:
Afor Bia
Talla
Bangoon
Jpok
Bairon
Karnold
Kiang
5. Morrison, Zag
Caleuša
Kusin
Canton
Lamper
Cawnpore
Kuching
Kadras
Mapila
Kadan
New York Paiping
Hoy Mr. 8. H. Badwelt. Deputy Chairman,
W. 11. Ball. Kig,
B. Compton, Eng.
T.Kwick, E.
* 4. Knight, Esq.
ANOT BANGZOX
TAVIA
SOMBAY JALOUTIA CANTON CAL FOO COLOMBO DATREN
O, Miskin, Esq.
T. E. Fource, Kog.
V. M. Graybarn, Loc.
Chiat Manager.
BRAKOLLEG|—
LONDON
LIUKH
MALACOA
MANILA
MURDER
MUAB (Johore)
NEW YORK
PEININO
PENANG
BANGDON
MATTHONG
BALCON
NAMBUBO
NAN FRANCIBOO
MANKOW
KUALA LUMPUR
BILANGHA
ТОЛОККИ
SINGAPORE
FLAILLO
MOURABAYA
IPELEK
SUNGEI PATANI
TIENTHIN
TOKYO
TALKOTAO
JOHOR
108
KOWLOON
YOKOHAMA
Current Aucune opened iz kool Oraney and Fixed Deposits Faceland for one charter periode la Local Company and Sterling tems which will be quoted en application, Hoy Kong, th April, 1991.
HONG KONG SAVINGS BANK.
The Harlson of the abara Bank in coluat- by the HONG KONG AND SHANGHAI BANKING CORPORATION. Hay be shaned on application.
FOR THE HONG KONG AND BHANGHAI
BANKING CORPORATION
7. K. GRAYBURN,
Chiat Manager.
Hong Kong, 25th February, 1904.
THE BANK OF EAST ASIA, LTD.
fatherland Capital, somma
Jung Capita
wars and Undivided Prodia
.16,600,000,00
-$1,414,000.00
HEAD OFFICE-HONG KONG
1, De Vorur Boad Central;
BOARD OF DIRECTORS:-
Big Skou-son Chow Chairs
Loon. Chen, Eng.. P, K. Kwak,
Woo in
Tons, Eag, Chas Ching Bhek, Kaq Lá Les
Haulerw Komplain Taka
Wong Oks Bob, E4g, and kna
Ke Tong Fo, Zaq.. Chief Minigu,
23 The Fong. Eng., Manager,
i
Manila
Bakit
BRANCHES AND AGENCIES~~
Melbourne
Nagasaki
New York
عالم
Paris
Peiping
Feuding
Fangton
Balgon
540 Francisco
Benaras
Gourabaya
bras
A:
Sy description of Banking and Erohanga | Loans gated on approval imglosen kissausted.
106.
Optrest Armunta opened to Leal Curren
led Daposita, received for pos your or
(Amritaar Bangkok Belavia Bomba
Cabra
Dəh Haiphong Homsbury
Hankow
Harbin
Khoa Lo
Semarang
Beremban
Sbaoghal Singapore
На
Bourabaya Telping
Tual Tongkak. *(Bhukar) 1slaglag Yokohama Zamboang
Foreign Exchange and General Banking bosinase Current Accouste opened and Fized Daporla mosivad for one your or sharing perioda si `roles which will be quoted on application.
W. HE THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
THE CHINA MAIL, FRIDAY, DECEMBER 14, 1934
and
Commerce
Finance..
TIN AND RUBBER LOCAL SHARES.
SHARES
Latest Quotations From Singapore
Mesars. H. B. Joseph & Co. Com- pany have received the following quotations from Singapore dated December 7 on Tin & Rubber shares (Prices in Straits currency: Mining
Hitams 38 cts., b. Johans .28% cts., b., 30 cts. B. Kuchais 97 cts., b.; 1.00 s. Mambaus, 64 ets., b. Nawng Pets .90 cts.. b., .94 cts., 8. Sungei Luas 1,20 b., 1.2614 B. Southa .40
cum. b 41% cts. cum. B...
THE BANK OF CANTON, LTD. Southern Kintas 4.50 b.
Established 1912.
Head Offees-Hong Kong.
Authorised Capital Faid-up Capital Total Resources
$11,000,000 8,655,000 82,170,492 Branches: Canton, Toleban, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
Foreign Exchange and Banking business of every discription trans- acted.
Current Accounts opened and Fixed one year ar Deposits recetred for shorter periods at rates which will be! quoted on application.
Safe Deposit Boxes (various sizes) fer hire.
LOOK POONG SHAN,.
Chief Manngur.
SAFETY FIRST! To Safeguard Your Valuables and 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 Epecially Con- structed to provide all of thess 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 Ran tal.
Inspection Cordially Invited. THE NATIONAL COMMERCIAL
& SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
THR
wwwser periods is Local and Foreign Currence AMERICAN EXPRESS COMPANY.
eems which will be quoted on application.
Bats Deposit Boxse To Le
KAN TONG PO,
Hong Kong, March, 1904,
Chial Manager.
INC.
Head Office:-65, Broadway, New York
THE BANK OF TAIWAN, LTD. Capital
Head Office-Talbot, Formona, Incorporated in Japan by Special Imperial, Charter, 1899.
Central Bank of Formosa, Notas
.U.8.$8,000,000.00 2,087,112.69 1,995,528.31
Surplus Rasarves
BRANCHES:-
Ámutarcan
ADAWAT
Albans
AGUER
Bombay
Braman Bruereis
Cairo
Calcutta CLASOR
Ina Colombo
Lugane Copenhagen Lazar
Hamilies Publia
•Monte Carle
Musi
Singer
Haverk Hamburg
Huidalbarg Interlaken Jerusalem London Lavapoo
Milpa Nice Naples Piraeus Farla Palpin
Palermo
Rotterdam
laaned Average amount Y.45,000,000
Branches and Agencies, Japan-Kobe, Osaka, Tokyo, Yoke-
hama, Keelung, Makong, Nanto, Berba Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Toen, Karenko. Kagi, Heito, Giran.
.Florenc Usneyr
Ebanghe Bowthampton Blagapor Tiental Taemina Vienna Vandor Yokohama Zurich
China-Amor, Canton, Foochow, Han-
kow, Shanghai, Swatow. Others--Bombay, Hong Kong, London,
Edinburgh Singapore, Batavia, New York, Samarang, Seerabaya, Dalres. On and after April 20th, 1984, the rate of Interest on Special Current] Deposit will be at 1%% p.a. on daily balance and the rate for balance over Branches of American Expenas-Com- $10,000 will be quoted on application pany in Principal cities of United
Btates of America and Canada. (Maximum rata—1%).
Y. OHNO,
Manager.
8. Des Voeux, Road, Central.
Hong Kong. Branch
THE YOKOHAMA SPECIE BANK
LIMITED.
Frtabifaked' 1880
· Montrea
T. Harbours 7.00 cum. b, 7.20
cum. 8.
Ulu Klangs $1.10 5.
Rubbers
·
Alor Gajah 1.60 cum. b. Ayer Panas 1.80 b., 1.85 s. Ayer Moleka $1.05 b. Bassetts .75 ets., b., :78 cts., a. Ayer Muleks 1:06 b.
Kukit Katils .74 cts, b., 77 cts.,
1.
Brogas .92 cta. b.05 cts, s. C. Serdanga $1.10 b.
Glenealys $2.971 b,, 2.15 s. New Scudais 1.821⁄2 b., 1.87% 8. Malaka Pindas 1.55 b., 1.60 8. Indragris $1.22% bi, 1.25 s Nyalaa 1.20 b., 1.30 s. Pajams 2.12
cum., s.
cum. b., 2.20
Punggors 35 ots., b., 40 cts, 8. S. Tukangs 1.16 b., 1.21 3. Telok Ansons 1.45 b. Tapahs 2.10 b., 2.171⁄2 a. Tambataks .81 cts., b., .85 cts., s. U. Pandan 1.45 b.
Un Malaccas 1.77% b., 1.85 8.
Ulu Benuts .53 ets. b. .5411⁄2 cts. s.
MARKET SPURT NOT EXPECTED
A
Business On Upturn And Steady
WALL STREET FACTORS
NEW YORK STOCK EXCHANGE
S. E. Levy And Co. And
A.O.F.C.
• Quotations
NEW ADVERTISEMENTS
SANDAKAN LIGHT & POWER CO. (1922), LTD.
NOTICE
ICE. IS HEREBY GIVEN The following quotations from New that the TWELFTH ORDINA York have been received by Mesira ARY YEARLY MEETING of Share
S. E. Levy and the American Oriental holders will be held at the Head Finance Corporation. *.
Office of the Company,: National Bank Building, Hong Kong, on 4.94% Monday, the 31st day of December,
TO-DAY'S QUOTATIONS.
New York, To-day. Wall Street does not expect a sharp market advance before Pre- The following is the list of local sident Roosevelt's forthcoming na-NY Cotton share quotations issued to-day:
tion wide broadcast, Banks, H.K. Bank $1820 b. $1615/1620
Lant NY/London 4.94 4.94
Mar. *July
12.59 12.57
12.54 · 12,57
12.52
12.53
84.
H.K. Bunk (London) £188 n/ Chartered Bank £16 n. Mercantile Bank, A. & B. $32 n. Mercantile Bank C. 5181⁄2 n. Bank of East Asia. $95 ¤. Am: O Finance Corp., Sh. $20 s. China O. Fin. Ord., 8h. $4 n. China O. Fin. Pref. Bb. $5 n.
Insurances.
Canton Ina.. $270 n. Union Ins. $512% sa.. China Underwriters $1.10 b. China Fire Ina., $510 n. H.K. Fire Ins., $2971⁄2 ¤.* International Assce, Sh. $5.60 n.
Shipping.
Douglases, $41 a. H.K. Steamboats, $7% n. Indo-Chinas (Prof.); $80 p. Indo-Chinas (Def.), $38_n. Shells (Bearer) 45/3 . Union Waterboats, $13%
Mining.
Antamoks 72 cts. b. Balatoca, $37 n. Baguio Gold 40 cts. n. Benguet Consolidated $13% n. Benguet Exploration 221⁄2 cts. n. Benguet Goldfield, 20.cts. n. Big Wedge, 10 cts. . Gold Creek 20 cts. b. Gold Rivers 20% cts. n. Ipo Mining $1 n. Itogans $6.30 1. Salacots 16 cts. n. Kailan 19/9 n.
May
Favourable factora:- (1) Mr. Daniel Roper, Secretary of M. Sliver Mar. 55.10b 65.20 55.20b
55.75b Commerce, said that business NY SUK May 1:80, —— was on the upturn and ateady, NY Rubber but warned against a too rapid Mar. rise.
Unfavourable factors:-
(1) The American Federation
Labour is drafting legislation W. Wheat May 84% to compel the adoption of a STOCKS thirty-hour week.
55.70b
1.1
Juy
18.19 10.57 13.45
13.00
C. Wheat May 100%
July
13.07 18, 18 101%
94%
95
of C. Corn May 88
88
R32
Amer Smelting. 35%
36%
(2) The continued munitions In-Auburn
quiry as well as President Con Gas NY
Du Pont Roosevelt's declaration against Elec Bond & Sh 7% war profits is depressing chemi-General Motors 31 cal shares.
24%
24%
22%
28
196
95%
1%
31%
312
Int Tel & Tel 8/ Loew's Ind
8%
8
34%
34%
85%
28/
294
21 21
37 9714
274 21% 41% 37%
London Prices
1934, at 2.30 p.m.
SHEWAN, TOMES & CO.,
General Managers."
Hong Kong, 13th December, 1934,
PUBLIC AUCTION
| |THE~ Undersigned have received
TH
Instructions to sell by Publ
Auction
ON
Tuesday the 18th. December, 1934.
commencing at 11 a.m
at their Sales Room,
Duddell Street
A Quantity of Cut Glass Ware, Electric Heaters, Tapestry Hang- ings, Table Cloth, Cushion Covers, Bed Spreads, Pictures and Fancy Goods.
Terms: Cash on Delivery,
`LAMMERT BROS.,
Auctionsers Hong Kong, 14th December, 1934,
S. E. Levy And Company's Report Montgomery W. 28%
In their market report, Messrs. Nat Distillers 20% 27.. S. E. Levy and Company, corres-NY Central pondents for Mesars. White. Weld Standard Oil NJ 41%
US Steel and Company, New York state:
"Stocks: When their buying efforts failed to produce results, traders turned into hasty sellers.)
largely 24-7/16 (last recd), 1/8 down (change). The recent decline Was technical. Important groups are 24-9/16 (last reed), 1/8 down (change);
Silver Report: China seld. Specu- SINGAPORE RUBBER
to-mor
Silver
Spot 24-9/16 (last closo),
Silver Forward 24-11/16 (last close),
still meeting with considerable re- 1sistance. Strictly trading pur-lators bought at fall of prices. Market
closed steady. chases might be risked on row's possible weakness, but 30 many uncertainities surround the longer standpoint that a cautious view seems wise. Business done:- 1,000,000 sharch.
Gold 140/5 (last close), 140/8-1/2. (last recd), 3-1/2d ap (change)."
London/N.Y. Selling Rate 4,94-976 (last close), 4.94-3/16 (last read), 8/18 down (change).
SHARES
Latest Quotations
London/Paris Selling Rate 15.08 Messrs. Carroll Bros. have re- (last close); 74.03 ((last recd), 10 ceived the following quotations of "Bonds: U.S. Government Bonds down (change). were slightly easier. High grade Liverpool Cotton-May 6.72 (last Singapore Rubber Shares dated
December 1. (last recd), 01 down
(Prices in Straits issues were better, but second grade close), 6.71
(change).
Currency) - Liverpool Wheat-May 5/3-1/4 (inst) Allenbys $1.90 h, 31.96 s. issues were lower.
"Grains: For a small trading close), 5/3-3/8 (last reed), 1/8 up Alor Gajah $180 $1.65 C.D. 3.
Ayer Panes $1.75 b., $1.85 s. affair, an accumulation on set-backs (change).
London Rubber-Apr-June (buyers) Brogas 94 cts. b., $1.00 s. is preferable. Wheat: Total sales:-1/2 (last close), 8-1/2 (last recd), -14,682,000 bushels, Corn: Total unchanged (change),
London Rubber-Apr-June (sellors) sales:-12,086,000 bushels.
"Cotton: Mr. Henry Wallace, 6-5/8 (last close), 6-5/8 (last reed),
unchanged: (change)........
(buyers) London Rubber at noon H.K. Wharves $1071⁄2 b., $109 s. Secretary of Agriculture, has con-
tradicted Senator Bankhead's fore- 6-7/16 (lust read).
Langkats (Single) Sh. $15 . S'hai Exploration Sh. $5 n. S'hai Loans, Sh. $6 n. Raube, $11 n.
Venz; 'Goldfield $5 n. Docks, etc.
RAW RUBBER PRICES H.K. Docks, $12% n.
Latest Quotations From
Singapore
Messrs. H. B. Joseph & Co, have received the following Straits Cur- rency quotations (Buyers) from Singapore for Raw Rubber:
Jan-March-21 1⁄4 down %. April-June-22 34 down 1⁄2.. Market:-East on reduction : of l dutch export tax.
· VARIETY STORE SALES UP IN US
New York, to-day-The Federal Reserve Board has reported that variety store sales for November were 2.5 per cent. above the sales |for October.-United Press, per S.
E. Levy and Company.
UTILITY CONCERNS ORDERED TO REDUCE RATES
New York, to-day-The Pennsyl- Commission vania Public Service has ordered: 14 utility companies to reduce their rates.-United Press, per.S. E. Levy and Company
THE CHINA & SOUTH SEA BANK,
LIMITED
All classes of Commercial Bankdig- Transactions undertaken.
Personal handled.
investment accounts
The Company offers to intending Travellers. the use of its "Teuvalors Cheques" and Letters, of Credit and, In addition, the world-wide services Capital (fully paid-up) Yen:100,000,000 its thoroughly equipped Travel De- Kederva Fund
Yan.124,250,000 partment.
Head Office:-YOKOHAMA!
Branches and Agencion att
Alexandria
Ustavis
Bombay.
Nagasak! Nagoya New York Osaks Parla
Barln
Calcutta Banton
Pelping Dairen (Dalny)
Rangoon Tengtien (Makden) Rio de Janeiro Hamburg
San, Francisco Fukow
Seattle Bemarang Shanghai
wa-bla
Hong Kong Honolulu Hsinking Karach
Kobe
London Los Angeles Moll
Singapore Boerabaya Sydney... Tientsin
Tokyo
Tringtan Yingkow
Lataract allowed on Depoalts-received for
ki zuten to be obtained
Hong Kong: 11th Bey
OZITENT
E. W. DUGGAN,
Manager,
THE WING ON BANK, LTD. ĐÔNG TONG
"Authorised Capital $10,000,000
Foreign Exchange and Banking Business of every description. transact- jed. N
Current Accounts opened; Special Deposits received at special rates, and Fixed Deposits received for one, year for shorter period at rates which will
be quoted on application.
Bafe Deposit Boxes (various sizes) for hire.
PHILIP GOCKCHIN SAMA Chief Manager
LA COCKCHNGERS- Assistant Manager?
LI SHU TONGE -Assiabant, Manager:
(Incorporated in China) Head Office...Shanghai. Capital
Reserve
Branches
..$7,500,000.00.
$1,500,000,00 All Important Oltles
In China Foreign Exchange: and General Banking Business transacted.
Current and Saving Accounts opened and: Fixed Deposits received for one year or shorter periods at rates which will be quoted on application,
SOU Z. CHANG,
Manager. HONG KONG. BRANCH! 24, Des Voeux Road, Central. Manager's OfficeTel 33565 93666 Foreign Exchange Dept. General Office Cashier's Office
#
T
23567.
88569
THE SHANGHAI COMMERCIAL &SAVINGS BANK LIMITED,
(Incorporated-in China)
·Capital paid up......$5,000,000.. Reserves....... $7,000,000 Capital Savings Dept. $500,000. Beserve Savings Dept. $800,000
Head Office-Shanghál
A Bank having, as its mission the industrial, development of China and the fostering of her comme == cial relations abroad.). Hong Kong olice?: Lou Auto Phone 21431-2-3
Providents (old) $1.40 n. Providents. (new), 50 cts. n. Hongkewa, Sh. $310 x. New Engineerings, Sh, 35% n. S'hai Docks, Sh. $120 n.
Catton Mills. Ewo Cottone Sh. $9.20 n. S'hai Cotton (old) $74 n. S'hai Cottons (new) $44% n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. $55 n.
Lands, Hotels, etc. H.K. and S. Hotels $5 sa. H.K. Landa $54/551⁄2 8. H.K. Lands $1011⁄4 n Shanghai Landa Sh. $25 n.. Metropolitan Lands, Sh. $18 n. Humphreys $9% b. H.K. Realties $44. n. Asia Realtles "A", Sh. $100 n. Ania Realties "B" Sh.320 n. Chinese Estates $88. n. Ex. div. China Realtles, Sh. $124 n. China Debentures Sh. $187 n.
Public Utilities
H.K. Tramways $19.90 b., $20.10
纽,
Peuk Trams (old), $12.6. .. Peak Trama (new), $7 n. Star Ferries 398 b.
Yaumati Ferries 8224 bi
C. Light (old) $10 bi; 310.15/10.30
B+
C. Light (new): $9.80 b. H.K. Electrics $72 b. Macao Electrica; $26 n. Sandakan Lights 88 s. Telephone,
(old)
$24% b
$24/24 32 Telephone (new)" $10:40 bo' China Buses,, 9h $18.20 Singapore Tractions 4/3 b. Singapore Pref. $17/9 n.
Industrials Malabon Sugary, $8:76-D.: Cald: Macg. (Ord.), Sh. 321 n. Cald: Macg: (Prefi) $20: n. Cantor Ices $2,85. b. Cements $2.87 67 H.K. Ropes $4.30 n.
Stores etc. Dairy Farms-$24 n. Watsons: 85 ngazi. Lane, Crawfords. $3.75 | Mackintoshs, $21. Sinceres 89% n
Wm. Powells, 70 cts. n. Wing On (H.K.) $105 m.
Miscellaneous.
II.K. Amusements, 82 n. Entertainments, 171⁄2‚¤«.. S.C. Enterprises, $1 n. Macao "Greyhounds," $2 n. Constructions (öld) $2: n. Constructions (new) 78 cts, band
Vibro Piling #6,60 m.
London's Forecast,
cast of the likeliness of a discon- tinuance of the loan plan next year. Opinion remains unchanged.
A forecast from London on the pro- "Rubber: The decrease of Dutch table trend of the New York market,
a small states: export duty has caused speculative liquidation. The Trade Total sales:-129 was a buyer. lots.
G. Serangs ($1) $1.15 b., $1.20 3. Connemara $1.57% b., $1.67% 8. Glenealy $2.10 b., $2.50 a. Indragiri $1.20 b., $1.25 8. Jimah $1.90 b., $1.85 s... Kedah $2.95 b., $3.00 s Lunas $210, $2.20 s. Malaka Pindas $1.55 b., $1.60 a. New, Scudal $1.85 5., $1.90′ s.. Pajams $2.10 b., $2.20 G.D. a. The following dividends on Rubber and Tin shares have been declared:--
Pajama 7 per cent. Final,
Ar Gajah 8 per cent
seasionem Kumbang 60 and 176 Bonus.
Klang River 9 per cent Int. South Taiping 2 per cent. Int. Kundong Rubber 14 per cent Final..
A moderately successful both in volume and trend values fia anticipated on Wall Street, chiefly "Silk: The advance in viscose good trade news.
Rubber is expected to be easier. and acetate yarns stimulated short-
Wheat will.. probably open higher. covering in silk. The increase of world demand for linseed off is stimu: speculative purchases is needed to lated by the increase in building
Total activity. carry the advance further. sales:-169 lata."-Reuter.
Market Factors
3.
GASOLINE PRICE REDUCTION
IN NEW YORK
Cotton is expected to open unchang-
New York, to-day-Socony- ed. The prospective increase in the United States automobile output will Vacuum has reduced the price of The following telegrams were re-stimulate demand in cotton and rubber, gasoline in New York by half a cent, ceived by Messrs. S. E. Levy and France is proposing to barter Wheat United Press, per S. E. Levy and against Cotton, which is conceivably
Company. Co. from Reuter:-
acceptable.
The Wall Street Journal reports that the German cotton barter deal, involving 500,000 or possibly 800,000 bales, as reported by us on Decem- ber 6; is now approved by the State Department and the Treasury De- partment and preliminary sales. terms. have been agreed upon, sub- ject to the approval of the Reichs-
(By Telegraph, Copyright, TelegraÏy. bank. Although the terms are closely guarded; it is understood phlo- Messages Ordinance, 1891, Bo- that the transaction involves an ceived December 11, 10,36 am.).
forward [allotment of American
(Continued on Page 10)
Business Assumes Concrete
Form According To U.S. Report
LOCAL DOLLAR ADVANCES
Silver Prices Decline
The local dollár has advanced opening, on deiband this morning at 1/8
Spot and forward silver prices have declined closing yesterday at 24-7/16 and 24-9/16, respectively:
The London on New York cross-ļ rate was quoted at £--US$4:94,| as compared with £0.8.$4.94%
The New York on London rate was quoted at U.S.$4.944, 88 compared with £—U.S.84.94%.
Is It Insured? ?
Insurance All Citases
LOWEST RATES A American Asiatic Underwriters:
Fed. Inc., U.SĄNA General. Agents a
SVTH: K. Office
Head Office
Ch. Govt 5% 1925 G$Rda.—92% 17, The Bund
Shanghai
HK Govt. 4% Loan, 8% prem, n. HK. Goy 85%) Loan" "81⁄44%
SABIn Life
Baik
SPECIAL TO CHINA MAIL..
politic-l situation less pessimistical
The noted economist, Mr. Roger Ward Babson, has indicated that the New York, to-day."
present upward trend will' continue The Moody market service states until it passes the normal level, that the immediate market prospects about 1986.
are less certain. Some irregularity "Standard Statistics" states that before the year-end would be sur hear term strength is likely to be prising, but this should not, how highly selective, influenced primarily ever, disconcert investors as long as by individual issues and dividend the early 1935 outlook remains as prospects.
Speculative issues are likely to hopeful as is now indicated:
The "Annalist" states that con-lag at least until the expected tinued moderate business improve Spring rise
meat appears to be an Impo, ant Generally, business assumes, a con-- market factor. Additionally, busi-crete form-United Fress, per S. E.. Hessmen are inclined to regard the Levy and Company:
S. E. Levy & Co.
UNDERWRITERS AND DIS?RIBUTORS
SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION
DAILY NEW YORK STOCK AND
COMMODITY SERVICE.
Mensberat
NEW YORK; COTTON EXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE CANADIAN COMMODITY RYCHANGE,
CORRESPONDENTS FOR! WHITE-WELD & COL NEW TOER
7 ICE HOUSE STREET, HONG HONG
Tel.: 80101 and 88108.