BANKS
WONG KONG AND SHANGHAI BANKING CORPORATION.
Bushorised Capliat
ed and Fully Paid-up 20,000,000
Marra Funde-
Sing
£ €5,300 $10,000,000
Hoverra Liability of Emprato
READ OFFICE! HONGKONG.
BOARD OF DIRECTONS. How, Mr. G. 0. 8. Wecide Chairman,
THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA, Incorporated by Royal Charter, 1853.
THE CHINA MAIL, SATURDAY, DECEMBER 22, 1934
Weekly Report
and
Commerce
Finance
LOCAL SHARES.
TO-DAY'S QUOTATIONS.
NEW YORK STOCK EXCHANGE
S. E. Levy And Co. And A.O.F.C. Quotations
The following quotations from New York bave been received by Mesara! S. E. Levy and the American Oriental Finance Corporation. · ·
Last
10.10. 11.00 close 14.93% 4.93% 4.98%
The following in the list of local NY/London Hong Kong, Dec. 22, 1934. Mr. G. Harriman's weekly share quotations issued to-day: share report and market review is- sued at noon states:-
HEAD OFFICE: LONDON
SHARE MARKET
20,000,000
Paid-up Capital
.£3,000,000
Reserve Fund
.£3,000,000
Reserve Liability of Pro-
prietors
.23,000,000
Agencies and Branchen:
Alor Blar
Hollo
Razgoos
Amritsar
Epok
Baigun
Bagol
Karned
Remarang
U, Kinzin, Baq.
Batavia
Kindg
Berenbesi
Campion, kaq..
K. S. Horrison, Faq.
Bombay
Kobe
Changkal
TE. Penton, Eaq,
Celestia
Kuala
Singapore
Owloa
Laspur
Lawnpore
Kuching
Cebu
Mudran
Chint Manager.
Colora
Maalta
Dahi
MMA
Toogia
Haiphong
New York
Hamborg
Priplog
Bankow
(Peking)
Harbla
Pisang
Hon Mr. H. it, Dulwell. Deputy Chair D.
W. Bell, K-q-
J. Kantck, Eoj.
Kaight, Lag...
ANDY
MANGKOK
BATAVIA
BOMBAY
DALOUTTA
CANTON CHEFOO COLORLO
Y. M. Graybarn, .
BRANCHES :-
LUNDUN
LYONE
MALACCA
MANILA
MUAR Joborsj
JUKDEN
PEIPING
PENANU
RANGON
SALOON
SAN FRANCISCO
KUALA LUMFUB
NEW YORK
DLIBEN
TOOCHOW HAIPHONG FAMBURK SANKOW KARBIN
ILOILO
*IGE
JOLICAB
TOBE
KONOKEW
KOWLOON
HELANQUAL
KINGAPORE
GOURABAYA
SUNOLI PATAHI
TIENTSTN
TOKYO
TRINGTAO YOKOHAMA
Currets opened in Local Curranny tad Blad Deponite received for one que or aberler periods in Lone! Company and Sterling
arm which will be quoted on application, Hong Zoog, lub apel), 1985.
HONG KONG SAVINGS BANK.
The Buainen of the above Bank le souduct: ANKING CORPORATION.
by the HONG KONG AND SHANGHAI
Bules may be
Hong Koog tracosoted,
biliawan Bourabaya
Talping Tientalo
(buker) Tsingta
Yakobse Zamboang
Poesig Kuchangs and Growral Sasking beat Curreal Ascounte opazed sod Fixed Depol Postved for cos your or shorter periods at which will be quoted on application.
W. H. THOMAS,
Acting Manager. Hong Kong, 20th February, 1984.
The market during the week under review was rather quiet with business done mainly in adjust- ment of Settlement accounts with or less un- prices remained more changed. Investment counters were Very quiet with Hong Kong Trams done at $20.15/20, Hong Kong Lands and Telophones (old) were shares considerably easier with offering at $55 and $24.75 at the shares were close, although new wanted at $11.60. Wharves ruled firmer with buying rate of $110 after sales at $109. Star Ferries]
598. in demand at continued Among the minor issues, Chine Lights (old) still attracted attent- tion, business having been done at Cements were $10.20 to $10.45. jeasier at around $2.
changed hands at $5.05. Realties
Our New building is Specially Con-$5.10. located on the Mexzanine Floor of improved slightly with enquiries at
SAFETY FIRST!
To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF!
OUR SAFE DEPOSÏT VAULT
Hotels
Providents (old) were still structed to provide all of these Im wanted at $1.40. Sterling issues portant qualities.
You may obtain a Safe Deposit remained very steady with Hang FOR THE HONG KONG AND SHANGHAI Box in this most up-to-date Vault for Kong Banks in demand at $1,620
your own use at a very moderate Ber- and Unions around $500.
market closes on the quiet side due to the approach of the Christmas [Holidays.
Mained on application.
BANKING CORPORATION.
V. M. GRAYBURN,
tal
Chiat Menge.
Hong Kong, th February, 1984,
THE BANK OF EAST ASIA, LTD.
blood Capital
Pup Capital
.'
cr and Undivided Prodie
-$10,000,000,00 $6,808,500.00 #2,144,000.00
HEAD OFFICE:-HONG KONG
1. De Vout Boad Central.
BOARD OF DIRECTORE:--
Air Showson Chow, Chadraw
tà Loon Chan, Keq., P. K. Kwak, Eng., Wong Kes Tong, Esq., Chan Ching Bhat, Esq., Li L
Leq., Woog Cho Sea, Eng, and Kan Ting
Isa Tony Po. Eaq. Oldal Manager,
Li To Fong, Esq., Manager.
BRANCHES AND AGENCIES:-.
Manila
Bantla
Melbourna
Nowok
Shanbal
Now Zarke
Oraka
bourbaga
Maphocy Hankow
Faria
Swalew
Polplay
bydney
Talboku
Heiniu
Pasang
Bangoon
Tiesiain
Sargod
Tokr
toolse
Jan Fredens
Vandet
Yokohama
Brydescription of Backing and Zrobarga Lost grated on approved
imise tracted. biles, Durat
Account opened In Love Burras Fiend Deposits received for que your jer perioda la Local and Foreign Currencia e whares which will be quoted on application.
Bale Depealt Dozen To Lat.
**--
Inspection Cordially Invited, THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central
The
Business during the week has been done at the following prices:)
Antamoks 722/78.cts. -Gold Rivers 22711 cts.
Wharves $109.--.
THE BANK OF CANTON, LTD. Hotela $5.06.
Established 1912.
Head Office:-Hong. Kosk,
Authorised Capital ...
Paid-up Capital
$11,000,000
6,655,000 32,170,492
Total Resources........ Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,
and Banking Foreign Exchange business of every discription trans- acted.
J KAN TONO PO,
Chiel Mansyur.
Hang Long, 1st March 1958.
THE BANK OF TAIWAN, LTD.
Head Office: Taihoko, Formen, Incorporated in Japan by Special Imperial Charter, 1899.
Central Bank of Formoss, Notas
issued Average amount Y45,000,000
Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko- hamn, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Baito, Takao, Temaui, Toen, Karenko, Kagi, Heito, Giran.
China: Amoy, Canton, Foochow, Han-
kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, Singapore, Batavia, New York, Samarang, Soerabaya, Dairen. 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 $10,000 will be quoted on application
Maximum rate-14).
Y. ORNO,
Manager.
Hong Kong Branch
3. Des Voeux Road, Central
THE YOKOHAMA SPECIE BANK
LIMITED.
Extablished 1880 -
one year or
Current Accounts opened and Fixed Deposita recetred for shorter periods at rates, which will be] · quoted on application.
Safe Deposit Boxes (various sizes) fer bire.
LOOK POONG KHAN,
Chiat Manager.
THR AMERICAN EXPRESS COMPANY, INC.
Head Office:-65, Broadway, New York
Capital Surplus
Reserves
J.
.U.S.$8,000,000.00 2,087,112.69 1,995,523.31
יf
Lights (old) $10.20/10.50. Telephones (old) $25.-/25. Constructions (new) 78 cts. Cements $2.30.
Trams $20.15/20.20. Lands $552.
Canton Ices $2.85.
Realtys $5.- Sinceres $8.40. Ewos:$$8.90.
PRIVATE CONSTRUCTION AWARDS AT HIGHEST
York, to-day. Private New constraction awards were the highest for any week since Murch this year. -United Press, per S. E. Levy and Company
THE MERCANTILE BANK OF. INDIA, LTD.
HEAD OFFICE:
15, Greenburch Street, Louden. E.C.9.
$8,000.000 Authorised Capital. Subscribed Capital... 1,800,000 1,050,000 Pald-up Capital .... Reserve Fund & Rest.. 1,247,483
BANKERST
1be Beak of England à Midland Banh, Ltd. BRANCHES:
Galle
New York
FARIDE..
เหอ เ ย
BRANCHES
Amesangan
Aniwory
Chenon Gingow
Milan Nin
Bangkok Bombay
Ipoh Kandy
Kapla
Albana
LAPCER Beaire
Berlin
Bombay
Braces
Havan Hamburg Home Heidelberg Kolarikan
Pirena
C
Lova plata
Faria
Delki
Kuala Liple
flangcon
Felpin Palet mo
Kuala Lumpur
Shangbai
Busstes (Fabang) Bimle
Brussels
Cairo
Calcutta
Jerusalem. Loadoa Liverpool
Botterdams
Shangh Banthapi
BLOW
Madiwa
Charles
Lucera
Biugapo
Colombe
Tentsin
pag
-Dublin
Edeburg's Flaw
Еления Tusoe
Marmos
Hose Carin
بالسلا
Hersich
Montreux
Termins
Venloa
Tokohama Zurloh
Branches of American Express Com- pany in Principal cities of United States of America and Canada.
All classes of Commercial Banking Aransactions undertaken.
Personal investament thandied.
accounts
The Company offers to intending Travellers the use of its "Travelers Cheques" and Letters of Credit and, Capital (fully paid-up) Ten.100,000,000 in addition, the world-wide services Yen.124,259,000 af its thoroughly equipped Travel Do- Berve Fund...............
partiment.
Alexandria
Batavia
Berlin
Bombay
Calcutta
Banton
Head Office:-YOKOHAMA Branches and Agencies at:
Nagasaki Nagoya New York Osaka... Paris Pelplag. Dairen (Dalny) ** Rangoon Fenstien (Mukden) Rio de Janeiro
San Francisco Seattle Semarang Shanghai Singapore Soerabaya Sydney Tientsin Tokyo
Yingkow
Hamburg Hankow Harbin
Hong Konr
Honolala Hainking
Karachi
Robe
London
Los Angeles
Manila
Мол
Tsing
at allowed on Carent eceived for us
Mi mies to be obtained on
O KISHIN
Hong Kong 11th Septembe
E. W. DUGGAN,
Manager.
THE WING ON BANK, LTD.
•HONG KONG
Authorised Capital $10,000,000 Foreign Exchange and Banking Business of every description transact- ed. Som
Current Accounts opened, Special Deposits, received at special rates, and Fixed Deposita, received for one year or shorter period at rates' which will be quoted on application":
Safe Deposit Boxes (various aison)
Hor. atre. SAMKWAS
HA PHILIP GOOKCHIN WORK Chief Manage
LEGOCKCHIN:
Assistant Manager.
NIKOLI BHU FONG
Asriatant Manage
Дора Врод
HOSO SONG FRANCE
Every description of Banking and Elobangs bunt « Instructo4.
Travellers Chaque imved.
Trustee and Executorships under Itaken.
INTEREST allowed sa Garrect Accounts and Pized Depoelte et Bales that may be sortaised jou application
J. B. BOSS,
Мас
7, Quenc's Brad Castral,
Hong Kong, 12th June, 1934,
THE CHINA & SOUTH SEA BANK. LIMITED
(Incorporated in China) Head Office..Shanghai 'Capital
.$7,500,000.00 Reserve
$1,500,000.00 Branches All Important Cities
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.: 88885 Foreign Exchange Dept.
General Office
Cashier's Office
88508
88867 88589
THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.
(Incorporated in China) *
$5,000,000, Capital paid up
$7,000,000.
Reserves
Capital Bavings Dept. $500,000, Reserve Savings Dept. $500,000. Head Office Shanghal
A Bank having as its mission the Industrial development of: Chine and the fostering of her von cial relations abroad, fed Hong Kong offles1 Ice H
Phone 31481-1
Banks..
H.K. Bank $1620 b
H.K. Bank (London) $1371⁄2 n. Chartered Bank £16 n. Mercantile Bank A. & B. 432 n. Mercantile Bank C, £13 n... Bank of East Asia, $98 n. Am: 0:Finance Corp., Sh. #20 n. China O. Fin. Ord., Sh. $1.80 n. China O. Fla. Pref Sh. $4% n.
Insurances.
Canton Ins., $270 ̈TMn. Union Ins. $500 b.
China Underwriters $1.15 b China Fire Ins., $510 b. H.K. Fire Ins., $2371⁄2 n. International Assce, Sh. $5.
Shipping.
Douglases, $40 8.
H.K. Steamboats, $7 n. Indo-Chinas (Prof.), $80 n. Indo-Chinas (Daf.), $85 m. 'Shells (Bearer) 44/4% n. Union Waterboats, $184.
Mining.
Antameks 76 eta: n. Balatocs, $37 n.
Baguio Gold 40 eta. n. Benguet Consolidated $18% n. Benguet Exploration 21 cts. Benguet Goldfield, 20 cts: n. Big Wedge, 10. cts. n.
Gold Creek 23 ets. n.
Gold. Rivera 24 cts. n.
Ipo 'Mining $1 n.
Itogans 40 cta. n. Salacota 16 cta.n.
Kalian $20 n...
Langkate (Single) Sh. $15 n.
S'hai Exploration Sh. $5 n.
S'hai Loans, Sh. $6 n.
Raubs $10.70 n.
Venz; Goldfield $5 n.
Docks, etc.
H.K. Wharves $110 b.. $112% H.K. Docks, $12% ̧n. Providents (old) $1.40 n Providents (new), 50 cts. n.. Hongkews, Sh. #309 n.
New Engineerings, Sh. $5% S'hai Docks, Sh. $120 n.
Cotton Mills. Ewo Cottons Sh. $9 n. S'hai Cotton (old), $74 n. S'hai Cottons. (new) 844 n.. Zoong Sings, Sh.. $9.40 n. Wing On Textiles, Sh. $55 n.
Landa, Hotels, etc.
H.K. and S. Hotels $5.10 n. H.K. Landa $54, n.
.
C. Wheat May 98% 92% July
C. Corn May 80% W, Wheat May 82% STOCKS:-
BETTER OUTLOOK ON WALL STREET
Securities' Exchange Commission Rules Favourable
·HIGHER BANK CLEARINGS
New York, To-day.
Wall Stret were Traders
the impressed by favourably Securities' Exchange Commission's | permanent registration rules about which the Stock Exchange has made the statement that they are easy to comply with.
Favourable factors were:
688,000, against $4,650,696,000
NEW ADVERTISEMENTS
BANK HOLIDAYS.
Accordance with Government. Orduance, the Exchange Banks will be CLOSED for the transaction of public bushess on TUESDAY and and 26th WEDNESDAY, 25th December, 1934. (Christmas Holi days),
Hong Kong 21st Decemb
•
1934.
PUBLIC AUCTION
TH
HE undersigned have received: instructions to sell by Publis
ON
for the coresponding period of Thursday the 27th., December 1934
commencing at 11 am.
At Godown No. 18, The Hong:
NY Cotton
Mar.
12.58 12.58
12.53 * 12.62 July
12.61 12.61 M.. Silver Mar 54.25m 68.50b 63.00
54.40
54.450 54.90 May
NY Silk May 1.34 NY Rubber
1.39
Mar
July
13.20 13.56b
13.12b 19.15
18.58
13.53
97%
(1) Bank clearings totalled $8,160,-
Auction
914
85%
8234
Amer Smelting 36
30
last year, the highest week] since 1931.
Auburn
24%
24/4
2444
Con Gas NY
*. 20
2012
20
Du Pont
9314
03%
0814
Elec Bond & Sh 64
63
83
General Motors 31
30%
30%
Int Tel & Tel 8%
.8%
8%
Loew's 'Inc.
344xd
33%
Montgomery W. 88
27
27%
Nat Distillers
25%
26%
20%
NY Central 20%
20%
20%
Standard Oil NJ 41% 41%
41%
US Steel
30% 30% 36%
London Prices
(2) Mr. Harold Ickes, Secretary of Kong & Kowloon Wharf & Godown.
Interior, has said that the Co., Ltd., Kowloon.
Public Works Administration A Quantity of Miscellaneous Gooda plane to make Federal loans!
comprising:
Iron, Pipe, Pipes, Wine, Teak
Planks, Sandalwood, Wire, Unbrel-
only to cities where power rates are "unreasonable." An unfavourable factor was the las, Glass, Colour Earth, Samples Dept. of Agriculture has estimated of Tobacco, Marble Chips, Sulphur winter wheat sowings at 44,306,000 Sweepings, Flat Bars, Corr, Sq. acres and rye at 5,697,000 acres, Iron, Copper Tube, Rd. Bars, Beer, The following quotations from Lon-which traders have interpreted Books and Fancy goods, Ironware, Shorts, Flat Bars, M. S. Bars, don were received last night between bearishly-United Press per S. E. Galv. Pipe, Sodium Sulphide, Wire 5.30 p.m. and 10.30 p.m.
SILVER:
Silver Spot 24-3/16 (last
23:13/16 (last red), 3/8 (change).
Silver Forward 24-5/16 (last 24-15/16 (last recd), 3/8" (change).
Levy and Company,
close), S. E. Levy And Company's Report Paint, Bar Ends, Corr. Sq. Bars, down In their market report, Messrs. Dog Spikes, Cable Wire,
down
Zinc
Flour,
S. E. Levy and Company, corres- Sheets, Wire Rods, Corn close), pondents for Messrs. White. Weld Flour, Nails, Milk, Car Park, etc.,
jand Company, New York state:
"Stocks: We anticipate littler Speculators bought at fall of change in the market over the holi-
Silver Report:-India and China
nold. prices.
Market closed steady.
day.
etc.
Terms: Cash on Delivery,
The steady tone in stocks ia
LAMMERT BROS,.
Auctioneers.
(last shocks to business confidence latter-
Gold 140/8-1/2 (last elose), 140/11 encouraging in view of the numerous Hong Kong, 22nd December, 1934, (last recd), 2-1/2 up (change).
London/N.Y. Selling Rate 4.04 close), 4.93-11/10 (last recd), down (change).
6/18jly. Business done:-920,000 shares.
"Bonda: U.S. Government Bonde:
London/Paris Selling Rate 74.84 were irregular, while high grade COMMODITY PRICES
(last close), 74.78 (last reed), 66:
and second grade issues
were a
The following quotations have- down (change).
Liverpool Cotton-May 6.78 (laat shade lower. close), 6.79 (last read), 03 up (change) "Grains: Pressure is subsiding been received by Messrs. S. E. Lew
Liverpool Wheat-May 5/1-7/8 (1st and the slightest, bearishness, due to and Co., and the AO.F.C. close), 5/1 (last red), 7/8 down the winter wheat, report, has mostly (change).
Wheat: Totall
London Rubber Apr.-June (sellers) Total sales:-7,318,000 bushels (6-5/8 (last close), 6-5/8 (last, reed),
London Rubber at 8. unchanged (change). 6-1/2 (last read),
noon
London Rubber-Apr-June (buyerá) been discounted. 6-1/2 (last close), 6-1/2 (last recd); sales:-13,088,000 bushels, Corn: New York Cotton:-
December uncharged (change).
"Cotton: Government sales were January
The continuance March jeasily absorbed. (buyers) of large sales of cotton goods ap May..
pear to be assured. Retail salea July were 20 per cent. ever last year.
"Rubber: Options were unchanged. Spot Total sales-140 lots.
"Flash: According to, the Dept. of Another quiet session is expected on Wall Street but, apart from Utilities. Labour, factory employmentIn by 86,000 declined some light Improvement is expected,
November on pre-holiday covered.
The workers, the weekly payrolls being Whest may probably be easy.
However, there was a United States and Argentine Bureau $3,915,000. Reports are bearish, Australian crop gratifying increase in non-manufac conditions are better.
London's Forecast A forecast from London on the pro bable trend of the New York market; Intated:
-
Rubber may open a little lower. Cotton is expected to be higher and cent. increase in employment by Chicago Wheat:- fortnight's ginnings was a record, manufacturers of agricultural im December
Bankhead quotas. The last of the featureless, pending the promulgation
H.K. Lands 4% Debentures 100% Low trade requirements have not been
D..
Shanghai Lands Sh. $244 n..
Metropolitan Lands Sh. $12.20 n. Humphreya $9% n.
H.K. Realties $5.20 .
Asia Realties "A", Sh. $100 n. Aals Realties "B" Sh.$20 n. Chinese Estates $88 n.
China, Realties, Sh. $124 n. China Debentures Sh. $123 n.. Public Utilities
H.K. Tramways $20. b. Peak Trams (old) $12 n. Pesk. Trama (new), $7 n. Star Ferries $98 b.
Yaumati Ferries $22
n.
C. Light (old) $10. 40 n.
C. Light (new) $10.15 n.
H.K. Electrics $71% b. & sa, Macao Electrics, $25 n. Sandakan Lights $9 n. Telephone (old) $25 sa. Telephone (new), $10.60 b. China Busas, Sh. $12.40 n. Singapore Tractions 4/8 b. Singapore Pref. $17/9 n.
Industrials Malabon Sugars, $8.70 n. Cald: Macg. (Ord.), Sh. $20 n. Cald: Macg (Pref.), 329 Canton Ices $2.85 bi Cementa $2.30 n. H.K. Ropes $4.10 n.
Stores, etc. Dairy Farms $24 n. Watsons $5
n.
Lane, Crawfords $3.75 n. Mackintcahs, $21 n Sinceres $8 n. Win. Powells, 70 cts. n. Wing On (H.K.) $105 n.
Miscellaneous. H.K. Amusements, $24 Entertainments,: 8735. n. 8.0 Enterprises, §1 n. Macao Greyhounds." $2 n. Constructions (old) $2 m.), Constructions (new) 75 cta. b. Vibro Piling $8,60 m
covered beyond the end of January.
LONDON FORECAST
Dec. 20. Dec. 21..
Closing Closing
12:47 12.51
12.48
12.51
12.58"
12.59
12.60 12.66:
12.62 12.66:
|October (1985)
12.44
12.59
12.75
12.77.
New York Rubber:- December
12.92
12.80
turing employment as well as a 9 per
January March May ... July.. September
12.9Gb
12.87
* 18.20
13.09
18.366 13.29
13.56b
13.47*
13.76b 13.88:
97%
97%
plements."-Reuter..
May
98% 98%
Market Factors
July
*92*
92%
The following telegrams were re-Chicago Corn: ceived by Messrs. S. E. Levy and Co. December
88% 88%
from Reuter:
May!
861⁄4
862.
Favourable factor:-
July
834
83%
(1) Business news continues to Winnipeg Wheat:-
77%
77%
82%
824
83
83
2.00
unquoted
1.77
:1.76
1.82
1.81
July
1,85 1.85
September
1.88
WHOLESALE PRICE INDEX
·AT.
New York Silk:- December March
1.82
May
resulting in a good though selective May
Another quiet session is expected provide a favourable background, December on Wall Street but, apart from demand in industrials and a Utilities, some slight improvement tained demand for high grade bonds. New York Sugar:
Unfavourable factor:-...
sus-July
December,
is expected on pre-holiday covering,
(1) The continuation of pres- March Wheat may probably be easy. The United States and Argentine Bureau aure against atifitles is likely to re- May
Australian
walt in further unsettlement.
(Continued on Page 7)
Reports are bearish, crop conditions are better. Rubber may open a little lower. Cotton is expected to be higher and feature- less pending the promulgation of the Bankhead quotas, the last fort- night's ginnings was a record. Low trads requirements have not been New York, to-day-The La Montreal Silver: covered beyond the end of January. [bour Department wholesale price in-December
London Silver:
23 18/16 down 3/8 Spot
ARME LEVEL
dex was 76.7, the same as last week, March
against 70.8 for the corresponding May
28 15/16 down 3/8 Forward. period of last year. United Press, July London Silver Comment:-India per 8. E. Levy and Company.
and China sold. Speculators bought
at fall of prices. Market closed steady.
RETAIL AUTOMOBILE - FINANCING DOWN
New York, to-day. Retail au- tomobile financing for November was 15 per cent. below October and 28 per cent. above last year. United Presa, per 3. E. Levy and Company.
ts. It Insured? ?
Insurance All Clames LOWEST RATES American Asiatic: Underwriters
Fed, Inc USA.
Ch. Govt 5% 1928 GBds 92% Head Office
HK Govt. 4% Loan, 8% prem h
HK Govt 84%
prem
Loan 2%
allace Harpers $ the
General Agents
IK
1.81% 1.81 1.82%
1.94
1.83
53.40b 63.45b
54.250 53.75
54.90 54.60. 55.45n 55.10
-nominal.
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 CANADIAN COMMODITY EXCHANGE, INC.
CORRESPONDENTS FOR
WRITE. WELD & CO. NEW YORK TICE HOUSE STREET HONG KONG
30101 and 80108
Tel Address: Selca