BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Amborland Capital

1

............... $50,000

Imned and Pully Paid-op.

Basurto Punde:---

£6,800,000

Biter EMONT **** $30,000 BUG

20,000,000

Beverte Liability of Propriators$20,000,000

BEAD OFFICE: HONGKONG,

BOARD OF DIRECTONS, Hou. Mr. 00. U. kinokia

Chairman,

8, 11. Donell. Simp Deputy ChairreAD:

Hon Mr.), l. 15011.

. Compton, Eng.

W. J. Haswick, Faz

4. Knight, Esq.

ΑΚΟΥ

KAZOKUR

DATAVIA

BOMBAY

CALCUTTA CANTON OFEPOU COLOMBO DAIREN

LOCHOW

HAIPHONG

RAMBUNG WANKOW HARBIN

BONGKEW

ILOILO

хон

JUHURE

LOBE

KOWLOON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1859. HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fond

£3,000,000 ..£3,000,000

Reserve Liability of Pro-

prietors

.£9,000,000

Agencies and Branches:

Afor Bier

Ballo

herritar Bangkok

Ipok

Rangoon Belco

Karnchl

Semarang

3. Makin, Esq.

Klan

Beremban

.. Morrison, Z.

ember

Kobe

Shanghal

Calmutte

Kuda

Singapore

T. Es Pearce, Beg,

Chaka

Lumpur

Billawan

Cawnpore

bu plomate D+16

Kuching

Rourabaya

Madras

Talping

Swi

Theatsin

Madan

Tongkan

iladphot

New York

[Eukar}

Hesburg Ilapko

Palplug

ki

Ting140

Vakehaou

Tanang

Zamboanga

V. M. Grayburn, kaq.

Chlef Manager.

LUANCHES:-

LONDON LYONE MALACCA MANIDA

MUAR (Johor)

MURDEN

NEW YORK

PRIPING

FENAKG

BAN VRANCISCO

KANUULN

HAIGUN

KUALA LUMPUR

SHANOHAL

GUNURI PATANI

BINGAPDHE

DOURADAYA

TIENTHIN

TOKYO

TRINGTAO

YOKOHAMA

www.c

Current Accounts speard in Loei Catranoy and Fixed Deposite received for one year or shorter periods in Load Company and Berling serine which will be quoted on appliation.

• Hot Koop. 18th April, 1934.

HONG KONG SAVINGS BANK.

Harbin

1100g Spor

iranje.

Hong Kong, 1st January, 1935.

THE CHINA MAIL, SATURDAY, JANUARY 12, 1935

and

Commerce

Finance

SHARE MARKET Weekly Report

Hong Kong, Jan. B. Mr. G. A. Harriman's weekly share report and market review is- sued at noon states:~~

During the week under review, rate in most sections showed a much easier tendency with trading Investment a limited scale. counters eased off somewhat with Hong Kong Lands changing hands

on

Foreign Exchange and General Banking buhat the reduced rate of $52. Tele Current Accounts opened and Fized Dophones (old) declined from $25.80 Wharves were recelrad for one year or shorter periodis asents to $25.25 sellers. which will be quoted on application.

A. BREARLEY,

enquired for at $111. Star Ferries Manager. could be obtained at $99. Hong little Kong Electrica showed very

done at business change with $72.75/73.00. Dairy Farms came; to business at $244. Minor issues Hotels experienced a decline with marked down to $5.10. Realties to $5.15, and Cements to $1.80. China Lights changed hands at $10.30/45 |

Providents (old) (ex-dividend).

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

remained in demand at 21.40. Sterling counters were somewhat] neglected with Hong Kong Banks on located on the Mezzanine Floor of offer at $1620. Philippine mining. Our New building is Specially Con-stocks were an active market, Anta- by the BUNG KONG AND SHANGHA structed to provide all of these Im-moks having been done in quantity

portant Qualities.

FOR THE HONG KONG AND SHANGHAI

The Bucs of the aboru Duck la conduct

BANKING CORPORATION,

Be

Kilined or application.

JANKING COKPORATION

Hong Kong, 28th February, 1914.

V. 3. UKAYBURN,

Chisi Menoget.

THE BANK OF EAST ASIA, LTD.

Authorised Capital o Тамир Серти

-$19,000.660.0

meto and Uzdivided Pro3,184 200.00

+

HEAD OFFICE:-HUNG KONG

1, De Vous load Central.

BOARD OF

DIRECTORA

His Stou-son Chow, Chairmas.

u Loan Chu, fing., 1. K. Kwok, Eng Wei Yen long, E., Cha Ching hak, Esy.. LI Lau Bang Lay. Wong Chu Sou, Kay, and Bao Yog

Jenkār Batavia

راسم

Kas Toby Fr. Kay. Clited lannger.

Haupung

Bankow Huol

The Foug. Fay, Mangur.

BRANCHES AND AGENCIES

Jamil

3-thuaras

Srimant Shanghai

Now Lock

kagaki

علان

bourabaya Batow

Paris

Peiping

yoy

Penang

Talbaku

Haugoau

Pantal

Kowlood

Baigon

Tokyo

Lon

bau traucou

VRENALTIE

Iskukse

Every deserption at Banking and

be transacted.

secuties,

Los grau'ed as

Carreal Aerbutita spoved in

You may obtain a Safe Deposit at $65/91 cents, Baguio Gold at Rivers at Box in this most up-to-date Vault for 35/36 cents and Gold your own use at a very moderate Rea-21/23 cents. Benguet Explorations Ital.

[were transacted in small scrips at 18/20.cents. The tone of the mar

et at the close is again on the quite laide,

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. Head Office-Hong Kong,

$11,000,000 8,856,000 32,170,492

Authorised Capital

Paid-up Capital Total Resources Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discriptión trans- acted.

Current Accounts opened and Fixed |Deposits received for DAD Уем OF phorter periods at rates which will be quoted on application. Exchange wonder hire.

Laval Curr

and Fixed Baguette ved fore

your of

sort periods in Lovel and Foreigth, Correzdar

BO SCADA which will be quoted ou "application.

Dale Heppail SURE TO JAL.

XAN TONG PO,

Bong Kong, lat March, 1954.

Chial Manager,

THE BANK OF TAIWAN, LTD. Head Office:Taihoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Nutes

issued Average amount Y.45,000,000)

Branches and Agencies.

Japan-Kobe, Osaka, Tokyo, Yeko-

Safe Deposit Boxes (various sixes)

LOOK POONG SHIAN,

THE

Chint Manager,

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York

Capital Surplus

Reserves

.U.S.$6,000,000.00 2,087,112.59 1,995,528.81'

Preda

BRANCHES:

hama, Keelung, Makong.

Nanto,

Ami Antwerp Athens

Падов

1

Dlangaw

No Naples

Shoka, Shinchiku, Tuicho, Tainan, Talto, Takao, Tamsui, Toen, Karenko Kagi, Heito, Giran.

ANG

Вельке

Tertia

Homber Bretar Il-mani

Cairo

China-Amey, Canton, Facchow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, Lendon. New York, Singapore, Batavia, i Samarong, Seerabaya, Dairen.

On and after April 20th, 1934, tha rate of Interest on Special Current) Depósit will be at 1%% p.a. on daily balance and the rate for balance over 10,000 will be quoted on application (Maximum rate-13%).

Y. OHNO,

Manager.

Hong Kong Branch

3. Des Voeux Raud, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

ها انشا

Cannan Colombe

Nav Hamburg Bayte Taidelberg Interlaken Terusniem London

Liverpool

Lunerile

Logano

Copenhagen Luxor

http Febr Plarence

Parli Telmin. Takimo

- Priordat

The... Shangh Routhampton

Ringmper Tientelu Tormiss

Maranile Monie Carin Monila Munich Kontenus

VIDE Venic Yokohama Zurich

-

Branches of American Express Comi-)

Business during the week has been done at the following prices:

Wharves $110.-/111----- Hotels $54.

Hong Kong Lands $52.-/53.- Hong Kong Trams $20.50/20.70, "Lights (ex div.) $10,35/10.45.

Hong Kong Electrics $724/73,-- Telephones (old) $25.75. Telephones (new) $11. Dairy Farms $24-7241⁄44. Lane, Crawfords $34. Cements $1.80/1.00. Realtys $5.15.

Providenta (old) $1.40/1.45. Ewoa 3$8.

Antamoks 85/51 cts. Beguio Gold 35/36 cts.. Gold Rivers 21/23 èta. Itogons 42 cts.

United Paracales 36 cts. Benguet Explorations 18/20 cts.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15. Oreo church Sirost, London, 1.0.3.

Authorised Capital ....£3,000,000 Subscribed Capital 1,800,000 Paid-up Capital .... 1,050,000 Reserve Fund & Rest.. 1,247,482 BANERBS: The Bank of England Midland Bank, Lid. DRANCIES: Bangkok

New York

(mentius) Ванясов

flombay

Ipot Kandy..

CODEDE Delhi

ADIA DORTS

Kuala Lipi

Kuala Lipor

Bhanghal

Tour Bons

Kamptan (Falang) Bla Hadras?

Singapore

Gulla

Ноята

HCSO KONG BRANCH Every description of Banking and Eanbangs busi nosu itamuscled.

Travellers Chaque .net.

Trustee and Executorships under Laken.

INTEREST allowed an Cormat Accounts an₫ Fixed Deposite as Hason that may be sourialped

application.

J. B. ROES,

Manage. 7, Queen's Food Central.

Hong Kong, 12th June, 1984.

pany in Principal cities of United THE CHINA & SOUTH SEA BANK,

tates of America and Canada.

All, cinases of Commercial Banking Transactions undertaken.

LIMITED

(Incorporated. In China)

Personal Investment accounts Head Office...Shanghai handled.

Capital Reserve- Branches

..

.$7,500,000,00 .$1,500,000.00

All Important Cities in China

The Company offers to. intending Travellers the use of its "Travelers Foreign Exchange and General Cheques" and Leiters of Creilt ard. Banking Business transacted. Capital (fully paid-up) Yen.100,000,000 f addition, the world-wide services Current and Saving Accounts opened Heserve Fund

Yen.124,250,000 f its thoroughly equipped Travel De and Fixed Deposits received for one

partment.

year or shorter periods at rates which will be quoted on application.

SOU Z CHANG,

+ Manager, HONG KONG BRANCE; 24, Des Voeux Road, Central Manager's Office Tel:83565 Foreign Exchange Dept.,; 83566- General Office 2

88567 Cashier's Office,

83550

Head Office:-YOKOHAMA

Branches and Agencies at:

Nagasaki Nagoya New York Osaka

Alexandria

Berlin

Batarin

Bombay.

Calcutta

Paris Peiping Canton Dairen (Dalny)'. Rangoon Fengtlen (Mukden) Rio de Jenaire

San Francisco Hamburg Hankow Harbin

Hong Kons Honolulu Heinking Karachi

Lobe

London

Seattle

Semarang

Shanghai Singapore Soerabaya Sydney Tientsin

E. W. DUGGAN, A

Manager,

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,500°

Foreign Exchange and Banking Business of every description transact- ed.

Current Accounts opened, Special: Deposita received at special rates, and Fixed Deposits: received for one year or shorter period at rate which will be quoted on'application

Safe Deposit Boxes (various sizes) for hire,

PHILIP GOCKCHIN 70) Chief Manager.

LAGOCKUHIN

Assistant Manager-

LI SHU FONG

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITEDÐ (Incorporated in China) Capital paid up 3,000,000. Reserves

10,000. Capital Savings Dept.: $500,000"; Reserve Savings Dept.: $500,000 My Head Offes – Skanskal

"A Bank having sa ita mission the industrial development of Chilen' and the fostering of her comT cial relations abroad Kong Kong allen,

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

The following is the list of local share quotations issued to-day:

Banks.

H.K. Bank $1615 & H.K. Bank (London) £188 n. Chartered Bank £15% n.

Mercantile Bank, A. & B. 282 n. Mercantile Bank C, £13. Bank of East Asia $90 n. Am: 0. Finance Corp., 8h. 420 n. China 0: Fin. Ord., Sh. $1.80 n. China O. Fin, Pref Sh. $44.

· Insurances. Canton Ins. $275 n.' Union Ins. $495 b. China Underwriters $14 b. China Fire Ins. $520 n. H.K. Fire Ins. $235 8. International Assce. Sh. $5 n. Shipping.

Douglases, $40 n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $50 n. Indo-Chinas (Def.), 888 n. Shells (Bearer) 49/41⁄2 n. Union Waterboats 13 n.

Mining.

Antamoks 86 cts. b., 89 cts. 90. Balatocs $38 b.

Baguio Gold 36 ets, b. Benguet Consolidated $14% n. Benguet Exploration 18 eta. sh. Benguet Goldfield, 10 cts. n. Big Wedge, 10 cta, n. Gold Croek 38 cts, m. Gold Rivers 221⁄2 b. Ipo Mining $1 n. Itogans 42 ets. n. Salacots 16 cts, D. Kailan 19/- 0.

Langkats (Single) Sh. $15 n. S'hai Exploration Sh. $5 n. S'ai Loans, Sh. $6 n. Raubs $10% n. Venz: Goldfield $5 n.

.. Docks. etc.

H.K. Wharves 3111 b, and sa, H.K. Docks, $12% n... Providents (old): $1.40 n. Providents (new), 50 cts. D. Hoogkewa, Sh. $309 m. New Engineerings, Sh. $5% B. Shai Docks, Sh $120 n.

Cotton Mills. Ewo Coltons Sh. $8.90 b. S'hai Cotton (old) $74 n. S'hal Cottons (new) $44%.n. Zoong Sings, Sh. $9.40 n. Wing On. Textiles, Sh: $55 m.

Lands, Hotels, etc. H.K. and S. Hotels $5.20 s.. H.K. Lands $52 8.

H.K. Land 4% Debentures 100%.

b., 100%/101 sa.

WALL. STREET EYES COMMODITY PRICES

ON EUROPE

The following quotations have

and Co, and the A.0.F.C.

Jan. 10 Jan. 11.

Not Many Changes Are en received by Mears. S. E. Lavy

Expected

RUBBER SHOULD BE LOWER

bullish, particularly in Corn January Cotton is expected to be steady March with the trade awaiting Washing-May ton Credit Regulations. vealed that desirable qualities of outside growths scarce.

are

It is reJuly

NEW ADVERTISEMENTS

Closing Closing TWENTY

12.54 12.42 12.63 12.51 -12.69 12.67

Not much change is expected on

May Wall Street. Increasing interest

July is being shown in European af- fairs.

New York Cotton:— ¡January March

12.71 12.67

Rubber should be lower.

12.59 October (1935). December

12.58

12.65

12.52

Wheat will probably be steady. Spot with the Farm Reserves, Report New York Rubber:-

12.80

12.70

13.63

18.39

13.84

13.60

growing

¡September

Chicago Wheat:-

14.02 13.80 14.22 14.00 14.43 14.23

14.53 14.91 .101% 99%

S. E. Levy and Company, corres-July pondents for Mesars, White. Weld September

93. 91%

*91

..90%

and Company, New York state:

Messrs. White, Weld and Co., Chicago Corn:~~~

May New York Correspondents for Messrs. S. E. Levy and Co, Re-July port:-

91%

98%

86%

833%

September

83

.81%

"Stocks:-It is our feeling that] speculative circles exaggerate the

May possibilities of a decision adverse

July to the Government in the gold clause

Winnipeg Wheat:-

84%

83%2

83%

83%

Old New

S. E. Levy And Company's Report October ...

In their market report, Messra. May

NOTICE.

PHILIPPINE IS-

LANDS GOVERNMENT $1,000 bonds numbered 829 to 888, 3130, 3181, 3322 to 3324 and 14296 to 14300 are reported-missing.

Before negotiating please com- municate with Post Office Box No. 456, Hong Kong G.PO.

CHURCHES

FIRST CHURCH OF CHRIST,

SCIENTIST,

[Branch of The Mother Church, The First Church of Christ, Scien- tist, in Boston, Mass., U.S.A.]

Macdonnell Road, Below Bowen Road Tram Station

Sunday Service 11.15 am. Subject: SACRAMENT,

The Sunday school is held Sunday Morning at 10

100

o'clock

Wednesday Evening Meeting at 6 [p.m. Reading Room at, above ad- dress open Tuesday and Friday, 10 am. to 12 noon, Monday and Thursday, 5.30 to 7 pm. The New Publle is cordially invited to attend 1.89 1.83 1.81/82 the service and visit the Reading 1.921.87 1.86/87 Room.

case, though uncertainty New York Sugar:~ will damage the market. Inter-

ests at present are inclined to buy March on the further weakness of gold May inventory stocks and industrial July İleaders. Business done:-1,380,- September

New York Silk:-

1000 shares.

"Bonds: U. S. Government March bonds were strong. High grade May issues, with the gold clause, were July

1.96 1.91 1.90/91.

2.00 1.95 1.96/95)

LONDON EXCHANGES

1.40 1.40

1.41

1.41

London, Yesterday.

1.41

1.41

Paris

in good demand. Juniors and se-Montreal Silver:- cond grade issues, without the March clause, were weak.

New York

74 5/16 4.91. 9/16

65.20

54.80

Montreal

4.89

"Commodities-There was

May ape-July

.55.60 56.40.

Brussels

20.04

56.25

65.80

Geneva

16.14

clause decision by the Supreme Court. Domestic

culative liquidation of commodi- September ties on the uncertainty of the gold

56.80 56.40

Milon

57 5/16

Prague

1174

Madrid

35%

Bucharest

485

Belgrade

216

Shanghai

1/4 15/16

Hong Kong

1/9

24 7/16

-24 9/16 109 9/16

and foreign there was scattered 'liquidation of

4

trade were the principal buyers. stored Cuban and Phillipine sugar. The following telegrams were Options were offered at 2.80, cts. received by Messrs. S. E. Levy with buyers at 2.78 cts. per lb." and Co. from Reuter:--

"Flash: National Steel has de- Favourable factors ruling prior clared an extra dividend of 121⁄2 cts. to the opening of the N. Y. mar-Annalist Index of Business Activity kets included:-

was 84,6 as against 84.5 last week. (1) Despite continued resistance They automobile output was 42,003 to the advance there are no units. Money in circulation de- signs of an increasing disposicreased by $114,000,000.”—Reuter. tion to liquidate long posi- tions.

Latest Quotations

(2) The improvement in utilities: seems to indicate that liquida-

The following quotations have tion in that group has ended. been received through Messrs. S. F Unfavourable factors included: Levy and Company and

(1) The current Supreme Court American Oriental Finance

the constitu poration:

deliberation on

tionality of legislation for the abrogation of the gold clause

cross-ratè

the Cor-

New York, Yesterday."

Prev. To-day's close

4.91% 4.50%

in loan contracts is likely to further restriction in the trad- N.Y./Londen ing volume until the decision

N.Y. Cotton-May... 12.69 12.57 és announced.

N.Y. Rubber-May... 14.02 13.80 Wall Street was moderately ac-Chicago Wheat-May 101% 90 Metropolitan Lands Sh. $12.20 n. tive in a narrow range with min-Chicago Coen-May 914 Humphreys $9% 8.

Shanghai Lands Sh. $24% a.

H.K. Realties $6.10 b., and sa. Asia Realties "A", Sh. $100 .. Asia Realties "B" 8h.320 n. Chinese Estates $88 n. China Realties, Sh. $124 n. China Debentures Sh.$123 n.

Public Utilities

H.M. Tramways $20.50 sa. Peak Trams (old) $12 n. Peak Trams (new), 87 n. Star Ferries $100 n.

Yaumati Ferries $22 p.

C. Light $10.30 b.

H.K. Electrics $72 b., $73 s, Macao Electrice, $25 n Sandakan Lights $8 n. Telephone (old) $2ã1⁄4 s. Telephone (new) $11% q. China Buses Sh, $14.20 n. Singapore Tractions 67- n. Singapore Pref. $17/9 n.

Industrials

Malabon Sugars, 38.70 n. Cald: Macg. (Ord.), Sh. $20 n. Cald: Macg. (Pref.) Sh$194 n. Canton Ices $2.85 n. Cements $1.90 n.' H.K. Ropes $3.90.8.

Stores, etc. Dairy Farms $241⁄4 ̄n. Watsons $5 ANN Lane, Crawfords $3.75 - Mackintoshs, $21 D. Sinceres $8 n.YATA Wm. Powells, 70 cta, n. Wing On (H.K.) $105 u.

Miscellaneons.

H.K. Amusements $1.85 n. Entertainments, 87% S.C. Enterprises $1.35 . Macao Greyhounds,” $2 m. Constructions (old) $2-3. --- Constructions (new) 70 cts. s. Vibro Piling: 36.80 Oh. Govt. 5% 1925 GS3ds-92%

IK Govt 1 Loan 84 prem.

H.K. Govt 84% Loan

88%

54.80

54%

er fractional gains in prices pre-Montreal Silver-Mar. 55.20 54% Silver Offeiul with domnating. Meanwhile,

Dow Jones Averages traders cautious and awaiting

To-day's clarification of some of the pre-

Jan. 10 close Change vailing uncertainties, a continued 30 Industrials 104.87 103.35 1.52 of 20. Ralle .... 37.01 36.86 1.15 bf narrow market is expected.

20 Utilities. 18.03 17.66 37 T The American Rly. Asson re 40 Bands .... 96.77, 90,62 15 off ports carloadings at 498,000, a de-11 Commodity 61.70 6084 1.00 off cline of 3,000 from the correspòn-:

17 Leading Stocks

ding period of last year.

Amer Can

A message from Washington Amer Smelting

Amer. T & T states that, according to the Fe- Anburn deral Reserve, Board, Department Case Store sales for December were 11 Da Pont

per cent. above those for Decem- Elec Bond & Share ber last year.

E: A. Pierce Co.'s Report

General Motors

Int T & T McIntyre

In their market report, the Montgomery Ward American Oriental Finance Cor-Nat Distillers poration, correspondent for Messrs. NY. Central

Socony-Vacuum E. A. Pierce and Company New Union Pacific York atate:

¡U.S. Steel

-"Stocks: There was heavy trading | West E & M jon the uncertainty caused by the possible outcome of the gold clause cases now before the United States Supreme Court.

"Grains: Uneasiness over the gold clause and disappointment at the crop figures yesterday were respon- sible for considerable liquidation. The East were persistent sellers, while mills were credited with buy- ing The large Argentine ship- ments and the tendency to raise the {Australian out-turn are having un-

favourable effect in Liverpool F

"Cotton: Selling appeared largely on liquidation.Professionals expect the markets to continue to be ner vous, pending the outcome of the gold clause case. Mr. Price be- lieves that there is a strong possi- bility of further selling and little Incentive to buying during the gold clause discussion

Rubber Trading was quiet but soft. Salling was mostly by com sion houses, while there was con sidarable dealer: some commis stony house buying.

Sugar The market was dull

Bessier Manda

Sutures we

Silver Spot

Silver Forward Warioan 8%%

British Official Wireless Service

LONDON SILVER

London, To-day. London Silver Spot: 24.7/16 down 1/8.

London Silver Forward:-24.9/18 down 1/8:

London Silver. Comment:-The fall of prices is chiefly, due to Indian and speculators resales. America and China bought at fall of prices. Market closed steady.

Is It Insured?

Insntence

All Classes LOWEST RATES

American Asiatic Underwriters Fed. Ins., U.S.A.' General Agents

Shanghai

Head Office

17, The Bund

11244

36

103%

20

50%

94%

8%%

817%

A

40%

-27

:274

19

13%

1084

874 38%

H. K. Ofice Asia Life

Building..

Tel. 30234

PEASONABLE

PRICES

Job Printing

THE NEWSPAPER ENTERPRISE · LTD, QUINA RASK KLİNİ.

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES 'BOUGHT AND BOLD ON COMMISSION

DAILY NEW YORK STOCK AND “COMMODITY SERVICE

Menibers:

NEW YORE COTTON EXCHANGE COMMODITY EXCHANGE INC. CHICAGO BOARD OF TRADE CANADIAN COMMODITY EXCHANGE, INC.

CORRESPONDENTS FOR WHITE WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

80101 and 80108

Tel." Address: Belco,

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