BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Enkorfred, Cap

$50,000,000 Lorsed and Fally` Paid-up- «umentamer 30,000,000 More Fundu 3-000

Wing

6.800.000 $10,000,000

Bierre-Liability of Proprietors

Hon2Mr.

HEAD OFFICE: BONGKONG.

BOARD OF DIRECIONA, Hon. Mr. . . 8. Mackie Chairman,

$, Hi Dadwall.' B«4

1. fall.

, J. Kmwick, Rag.

J. G. Knight, Esq.

ΑΝΟΣ

JANUKUK

ATAVIA

BOMBAY

3. M. Grabuan, Ang.

chial Manag

BRANDILES —

LONDON LTUNG

HALACOA

MANILA

HUAR (Johorn)

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858. HEAD OFFICE: LONDON.

[Sulphony

Hamburg

Flashow

Starble

Dear Kong

£8,000,000 £8,000,000

.£3,000,000

Ford Exchange sot General Banking bod Transected.

THE CHINA MAIL WEDNESDAY, FEBRUARY 6 1935

ommerce and Finance..

NEW YORK STOCK EXCHANGE

S. E. Levy And Co. And A.O.F.C. Quotations

The following quotations from New York have been received by Mesura. R. E. Levy and the Amarican Oriental Finance Corporation.

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

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

Banks,

H.K. Bank $1580 b., $1530 sa. HK. Bank (London) $138% ex.

div. n

Chartered Bank £15 n. 22 Mercantile Bank A, & B. #811⁄4 n. Mercantile Bank C, $181⁄2 n...... Bank of East. Asia 390, n. ⠀ Am: 0. Finance Corp. Sh.$20 n. China, O. Fin. Ord., Sh. $1.80 m China O. Fin. Pref Sh. 141⁄21⁄2 ¤,

$10,000,000

Paid-up Capital

Reserve Fond.

Reserve Liability of - Pro-

Dilators

Agencies' and Branches:

Aloe dla

follo

Amrhez

Ipak

Bairoa

Deputy Chairman.

Rapgick

Kamell

Femarang

ta Miskin, Brg,

Klau

Bernban

4. Coopion, Fag.

K. B. Morrisos, Key

Bombay

Lobe

Abangbal

T. E. Pearse, 245.

Stogapore

Canton

Lumpur

SiLawan

Cawnpors

Krching

Sourabaya

Deba

Kadra

Taiping

Last

Colombe

Manila

Tipula

De

25adan

Tongkab

New York

(Bhukar)

N.Y./London

Pelping

1slugto

Poking)

Takahara

NY Cotton-Mar 12.25

FAKE

Zamboanga

July

12.31

NY Rubber Mat

July C. Wheat May.. 94%

July

12.27 12.38 12.55 12.70

12.81b 12.83 13.02b 13.10 18.12

10.18 11.00 4.87 4884, 1.3844

12.30

87

82%

87 81%2

814

Amer Smelting 344

344

34%

Con Gas N.Y... 19%

194

·19.

Canton Ins. $275 n. Union Ins. $485. n

93%

China Underwriters $1.30 b

G

30%

8%

Loew's

Nat Distillers..

..2012

·324 3254 Inc. Mont. Ward 25%

25%

32%

-25%

2014

NY Central 16 16

16%

30/

34

35*2

35%

CALCUTTA CANTON DIEPOU COLOMBO

DAIREN

POOCHOW

RAIPHONG

HAMBUNG

MAXKOW

HARDIN

RONOLLW

110110

JORDRE

1082

KOWLOON

MUNDEN

NEW YORK

PEIPINO

PENANG

- DA NODON

SAIDON

BAN FRANCI800

KUALA LUMPUR

SHANGHA

BINGAPORE

FOURABAYA ** HUNDEI PATANI.

TIENTHIN.

TOKYO

THINGTAO YOKOHAMA

Darri decouse opened la, Local Currices" and Fixed Deponita received for one you or shortar periods in Local Company and loving Sarms which will be quoted on appliosting. Haf Kong, 10th April, 2004,

HONG KONG SAVINGS BANK.

The Burless of the sbore Bank is condust

By the GNU BONO AND BHANGHAI BANKING CORPORATION.

abtelaed on application.

Hulse may be

FOR THE LONG KONG AND SHANGHAI SANKING CORPORATION

V. M. GRAYBURN,

Chat Kangar.

Hong Kong, February, 1984,

THE BANK OF EAST ASIA, LTD.

Kaláceland · Capital, mandante Paid-up Capital ..................

Lure and Undivided Profile

$10,000,000.

$1,494,500,00

BEAD OFFICE-HONG KONG

IS, De Veniz Road Osatmal

BOARD OF DIRECTONS —

Bir Whosoe Chow, Chsirmat.

Koon Chuu. Eng., PR. Kwok, Eng., Woox Kun Tour, Eng., Chan Ching Hhak, .. L

Zag. Fong Chu Hon, Eng, and Xạn Ying

Kes Tong Po, Hag.. Cliiaf Mansjo).

The Yong. Eng., Manager.

་ ་

→BRANCHES AND AGENCIES £==

Manila

Kilbourne.

Ovaka

Ballis

Roaring

· Bhanghai Bingapore fourabaya

Bateria

Bombay

Nagkaki

New York

Sanlow

Paria

Histow

Priplog

byduny

Honolul Kahe

Pabso

Talbeins

Tionala

Banyo

Kewloos

Saigo

Tokyo

Han Francis

Yakokume

Currsal Accounts opened and Fixed Deposits received for one year or aborter periods, a rates which will be quoted on application.

C. Corn May A. BREARLEY.

Manager. W. Wheat May 82

STOCKS- anuary, 1935.

Hong Kong, 1st. Januar

SAFETY FIRST I

To Exfeguard Your Valuables and Jowelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR PROOF. DAMP PROOF |

OUR SAFE DEPOSIT VAULT

Du Pont ... 93.

El. Bond & Sh, 148 Gen. Motors 31 307% Int Tel and Tel 9

Stan. Ol NJ 440 .40 US Steel

The following quotations from Lon- received in our office Inst don were Located on the Mezzanine Floor of night between 5.30 p.m. and 10.30 p.m. Our New building is Specially Con- Silver: Spot 247/16 (last close); structed to provide all of these im- 24-7/18 (last recd.), unchanged.

24-9/18 (lart close), Silver: Forward portant Qualities.

recd.), unchanged. Deponit 24-9/16 (last

You may obtain a Safe Box in this, most up-to-date Vault for Silver Report:-India hought, Buel- your own use at a very moderato Ben-ness very little. Market steady. Ital.

Inspection Cordially Invited.

THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Street and Des Voeux Road, Central

THE BANK OF CANTON,

Establimbed 1912.

Hand Oce-Hong Kong.

Authorised Capital

Paid-up Capital'

Total Resources ̧ ・ ・ ・

Gold: 142/1. (last close), 142/146 (last' recd.), 1/2d.. up (change). |

London/N.Y. Selling Rate: 4.8750 (last close), 4.8886 (last reed.), .0056 up (change).

un-

London/Paris Selling Rate: 74.28 (last close), 74.28. (last recd.), changed.

Liverpool Cotton-May: 6.72 (last LTD. close), 74.28 (Inst recd.), 02

(change),

קט

Liverpool Wheat-May: 5/9% (last close), 3/114 (last recd.), down (change).

London Rubber-July-Sept: (buyers) $11,000,000

6% (last close), 6% (nat reed.), % up 8,655,000 82,170,103 (change),

London Rubber-July-Sept(seller's) Branches: Canton, Tolahan, Shanghai, 8% (last close), G (last recd.) up |Hankow, "Bangkok & San Francisco.

(change). London Bankers: Lloyds Bark, Ltd.,

Foreign Exchange, and. Banking [business of "every discription, trans- incted.

đ

Current Accounts openéd and Fixed Deposits received for one ? year shorter periode at rates which will be quoted on, application.

Every 'senliso of Banking and Exchange), baluess traurooted. Loen granted ser approved for hire.

securities. –

Local Correo Current Accunse opped, la

Jor sized Deposite reodred is one sharter periods in Local and Forsign Currai

terms which will be quoted on application. Bafe Deposit Doces Tees,

KAN TONG PO,

Hong Kong. Let Marek, 1004,

Chiel Manager.

THE BANK OF TAIWAN, LTD. Head Office:-Talhoku, Formosa, Incorporated in Japan by Specia Imperial Charter, 1899,

Central Bank of Formosa, Notes

issued Average amount Y.45,000,000.

Branches and Agencies.

Japan:-Kobe, Osaka, Tokyo, Yoko-

hams, Keelung, Makong, Nanto, Shoka, Shinchiks, Talchu, Tainan, Taito, Takao, Tamsui, Toen, Karenko

Kagi, Helto,

Giran.

China: Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow, Others: Bombay, Hong Kong, London. New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

On and after April 20th, 1984, the rate of Interest on Special Carrent Deposit will be at 14% pa, on daily. balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-14). -

Y. OHNO,

Manager.

Hong Kong Branch

8. Des Voeux Road, Central

THE YOKOHAMA SPECIE. BANK

LIMITED.

Established 1880

Safe Deposit Boxes (various sissa)

LOOK POONG 'BEAN;

Chief Maragw.

THE

| AMERICAN EXPRESS COMPANY,

INC..

Head Office:--65, Broadway, New York

Capital Surplus Reserves

.17.9.$4,000,000.00 2,087,112,89 1,098,528.31

BRANCHES:---

pagow The lingue

Astalardan Aniwarg Athena

Chinos

ÁRUKO

Beale

Berlin

Flow bay

Bramen Trawle Caire

Hamburg Havre Moldalborg *Inlariahon

Jernalensi London

Luverne Logano Copenhagen Lion Tablin Edinburgh Florinse Обрать

Calcotia. 1varpook

Carter Bolonobc

Pires

Palpind Paleo. Rotterda Rame

Shoshal Northantom

Bingepor Terkada Taormina

Marseilles

Monte Carlo

Kanick Mont

Vienne

Tokohama Zurich

خلاد

Branches of American Express Com- pany in Principal cities of United States of Ameries and Canada.

All classes of Commercial Banking Transactions undertaken,

Personal Investment accounta handled.

The Company offers to intending Travellers the use of its "Travel Cheques" and Letters of Credit and, Capital (fully paid-up) Yen,100,000,000 addition, the world-wide services Meserve Fund

Yon.126,260,000 f its thoroughly equipped Travel De-

[partment,

Bead Office:-YOKOHAMA

Branches and Agencies at: Alexandria “2

Nagauki Nagoya New York Osaka. Paris

Berlin

Bombay

Calcutta

Canton

Peiping

Rangoon

Dairan (Dairy) Tengtien (Mukden) Rio de Janeiro

Henkow Harbin

Bong Kong

·Honolulu

Heinking

Barackl

Kobe

London

Los Angeles

Manila

San Francisco Seattle

Tokyo

Tenta

Taingiau Yingko

alwel on Ozrent

E. W. DUGGAN,

Manager,

THE WING ON BANE, LTD. BONG KONG

1:

Authorised Capital $10,000,000

Foreign Exchange

and Banking Business of avery, description transact-

Current Accounts opened,Special Deposits received at special rates, and Fixed Deposila received for one year or shorter period at rates which wil|

be quoted on plication..

#Safe Deposit

An- for hire., Kal

PHILIP GOCKCHIN

LA GOCKCHINA SAGEN JATKA

London Rubber-July-Sept. at noon (buyers).6-5/16 (last,reed),

M

LONDON SILVER

Spot 24-7/16 Unchanged. Forward 24-9/16. Unchanged. ' Silver Comment: India bought, business

Market very small. Steady,

THE MERCANTILE BANK OF INDIA, LTD.

· HEAD OFFICE?

15, Gracechurch Street, London, E.6.1, Authorised Capital

.£8,000,000

Subscribed Capital... 1,800,000 Paid-up Capital..... 1,050,000 Reserve Fund & Rest..

1,247,482 BANKERS

The Bank of England à Midland Bank, Lid..

Bangkok

Bombay

BRANCHES

Thob

New York MALE

wwe zara

Kuala Lipi

Kunia Immpor

Hoat Los

Howrah

FADE000 Shanghai Easton (FAhang) Simla Madras

Slagspar

Voitimbu Daibl

Outl

BOSO XOXO BRANCH

Every description of Banking and Exchange bowl- 1994 tracted.

Enviar Cheques Incved.

Trustee and Executorships under- taken.

"INTEREST 'allowed" on Current Assousie and Fixed Deposila at Hates that may be sacurisinad co application.

1. B. 086

Manugue.

7, Queen's Road Central.

Hong Keng. 12th June, 1984.

THE CHINA & SOUTH SEA, BANE, LIMITED

(Incorporated in China) Head Onice..,Shanghal Capital $7,500,000,00 Reserva

$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.

800 2. CHANG,

Manager. HONG KONG BRANCH: 24, Des Voeux Road, Central. · Manager's Office Tel. 33565. Foreign Exchangs Dept, "83660· General OfficeMa Cashier's OzcS

28567

THE SHANGHAI COMMERCIAN & SAVINGS BANK LIMITED,

Uncorporated in China);

Capital paid up.

Capf

A: Bani

Industri

"and the

*Asslutaris- Manager Men

LI SHU YONG

Assistant Manager.

Insurances..

China Fire Ins. $490 n... H.K. Fire îns, $2271⁄2 b. International Assce. Sb. $5 m. Shipping-

Douglases, $40 .n. (j) H.K. Steamboats, $7 n. Indo-Chinas (Prof.), $80 ni Indo-Chinar (Def.), $85.n. Shella (Bearer), 58/11⁄2 n.. Union Waterboats 18. n.

**Mining. Antamoka 85 cts. b., 79 cta. 88. Balatocs $41 n.⠀⠀ Baguio Gold 37. cts. b. Benguet Consolidated $14% m, Benguet Exploration 18 cts. `n. Benguet Goldfield 10.cts. n. Big Wedge, 10 cts. n. Gold Creek 381⁄2 cts. n. Gold Rivera 221⁄2 cts. n. Ipo Mining $1 n.

Itogana 42 cts. n: Salacota 16 cts. n. Kailan 19/8 n..

Langkats (Single) Sh. $15 n. S'hai Exploration Sh.. $5 n. B'hai Loans, Sh. $6 n. Raubs $8.50 m.

| Venz; Goldfield $5′ n.

Docks, etc. H.K. Wharves $111.b. H.K. Docks $11%, n Providents-(old); $1.20 b. Providents. (new) 80 cts. n. Hongkews, Sh. $309 m. New Engineerings Sh. $5.80 m. S'hai Docks, Sh. $120 n.

Cotton Milla. Ewo Cottons Sh. $8.90 n. S'hai Cotton (old) $74 n. S'hai Cottons (new) $45% n. Zoong Sings 'Sh. $9.80 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H.K. and S. Hotels $5.90 n.. H.K. Lands $50 b.

H.K. Land 4% Debentures 101%

bi

Shanghai Lands Sh. $22 n. Metropolitan, Lands Sh. $12.20' n. Humphreys $10 m. H.K., Realties $5.10 p.

Asia Realties "A", Sh, $100, n. Asia Realties “B” Sh.117 n...... Chinese Estates $88 n. China: Realties, Sh. 114 n. China Debentures Sh.$128 n..

Publie Utilities

H.K. Tramways. $201⁄4 b.

Peak Trams (old) $81⁄2 B. Poak, Trams (new), $5 8. Star Ferries $99 b, Yaumati Ferries $22 n.

C. Light $10.20. sa., $10.20 b. HLK., Electrics

Macao Electrics $70% b. Sandakan Lights,$8 n Telephone (old) $251⁄2 b; Telephone (new) $10% n. China Buses Sh. $12.40_n. Singapore Traction 7/8. n. Singapore Pref, 18 n.

2. Industrinis Malabon Sugar $811⁄2 n.. Cald: Mack (Ord.), 8h. $21 'n. Cald: Macg. (Pref.) Sh$19 Canton Ices $23⁄4% b. Cements $2 b H.K. Ropes $8.80 n.

Stores, etc.

Dairy Farms: $24% 8. Vibro Piling-$54 n. Lane, Crawfords $8.75 n. Mackintoshs, $21 b. Sinceres $8 m

Wm/ Powells, 70 ets. n. Wing. On (HK). $105 n. Miscellaneous, -

H.K. Amusements: 81-86 n." Entertainments, #71⁄2 m) 8.C. Enterprises $1.35 n. Macao Greyhounda,” #2: n. Constructions (old) $1.85 z Construction (new) 61 cts. n Vibro Piling $5 MBONGCAG Ch. Govt. 5% 1925, G. Bda-69%

DULL TREND ON

WALL STREET

Lack Of Interest Shown

DRY WEATHER STILL HOLDS BACK WHEAT

SILVER EXPORT OF

CHINA IN 1934

Customs Figures Show Record Excess

$260,000,000 DIFFERENCE

NEW ADVERTISEMENTS

THE INSTITUTION OF ENGINEERS AND SHIP- BUILDERS OF HONG KONG

NEXTRAORDINARY GEN-

A ERAL MEETING will be

Bhanghai, Jan. 30.

held in the Premises of the In New York, To-day.

An excess of $259,941,414 ocstitution on the 15th February Wall Street is expected to lopen eurred in the export of silver from 1986, at 5.45 p.m., for the purpose dull owing to a lack of intercat,China during the past year, ac-of considering a proposition" as set With regard to Wheat It la, re-cording to the statistics made forth in the notice issued to Mem ported that dry weather is still be- public by the Shanghai Customs bere, dated 15th. January 1985. ing experienced in the South West to-day. The statistics show that

E. A. Pierce Co.'s Report a total of $267,355,423 was ox- In their market report, the ported, while the import amounted American Oriental Finance Cor-to only $7,414,009, poration, correspondents for The following table shows the Messra. E. A. Pierce and Company figures of imports and exports of of New York state:—

the white metal during the past

Imports Exporta $96,588,889 $57,645,774

A $80,194,677 || $94,288,936

"Stocks: Liquidation of rail is-three years: aues gave the market a heavy under-Year tone. The selling appeared to be 1932 based on the growing belief that the 1933- problems confronting the railway 1934 companies are not so susceptible to an early solution.

By Order. J. P. A. DAVIS. Hon. Secretary. Hong Kong, 6th January, 1935.

COMMODITY PRICES

The following quotations have $ 7,414,009 $267,355,429 been received by Messrs. §. E, Levy

and Cu, and the A.0.F.C. --Chekiai Agency.

"Grains: The wheat and Corn SHANGHAI STOCK

markets were enay early on in the session. There was a demand on dips", but the rally appeared late. The weakness in Liverpool was

discouraging factor, while Winni

MARKET

General Trading Dull For Last Week

February Closing Closing

New York Cotton:- March

May Jüly

October

peg ruled firm on a bettor milling demand. The Gold Clause Issue is proving to be a dominating factor.

"Cotton: Steady conditions pre- vailed on the cotton market. There was small scattered 'selling, which were easily absorbed by trade price-Shanghai Stock Market last Tues-September fixing, some of which were replacing day. The rubber share market October

Better business was done in the July

were done at 13.00.

12.25 12.34 12.31.

12.39

12.81 12.38

recent sales.

was steady and in the general sec- December ·.. "Rubber: Prices ruled steady.on Shanghal Vacuum Cleaning. Chicago Wheat:- There was good March buying by after a very long period of idle May dealers Liquidation of March con-ness.

and July tracts and switching to distant Shanghai Waterworks 6 per September options constituted the bulk of the cent. Preferred came to business Chicago Corn:- trading to-day. The outside marat 16. City Loan 1932 improved May kate were steady but quiet.' to 96 and for the 1984 issue 93.50 July

"Sugar: The markets were strong was bid but no business was re- September on a 2.85 basis."--Reuter.

corded. The debenture Mesara. E. A. Pierce and Co.'s was firm.

market Winnipeg Whest:-

May report on the opening of the mar Rates were unchanged on Wed-July kets:-

nesday and business for Thursday New York Sugar!-- At the opening of Wall Street was of a negligible quantity. Trad March to-day, trading was very light and ing was very dull on the next day May trendless..

with only 150 Trams "B" placed July

12.22 12.28

December

12.29. 12.36

January (1986),

12.80

12.87.

Spot

12.50

12.55

A.O.F.C. COMMENT

New York Rubber:-

March

12.76

12.78

Shanghai, Jan. 30.

May

12.89b

12.95

18.02b 13:07

13.21

18.25

18.30

13.31

13.48

13.49

944

9444

87% 88

86%

87

82

82/4

7844

78

75%

75%

*82

$24

81%

81$4

1.88.

1.80/90

1.92

1.95/95

1.97

1.99/99

2.03.

2.08/04

2.08

2.10/10

1.85

1.39

1.35

1.83

... 1.35

1.334

Montreal Silver: March

*

68.92b

54.25

54.01

64.50

54.40 64.80

55.00! 56.40

On the cotton market at the open-at 35,50, three Hong Kong and September ing, there were small scattered sales Shanghai Bank shares at H. KDecember which were absorbed by the trade $1,570, and in addition a few issues New York Silk:- price-fixing. Southern Interests are of Chinese Engineering and Min-March not selling and prices would improve ing, Caldbeck MacGregor and May... with any demand!!!

Shanghai Telephone changed July hands.

י.

Latest Quotations

Limited Business ›

The following quotations have With the approaching January May, been received through Messrs. S. F. settlement and the China New Year July Levy and Company and the holidays, business on the local ex-September American Oriental Finance Cor-change poration:

wea of a very limited character. The prices in the.gen- Prev. To-days eral market were unchanged and élose close the only business recorded was 10 N.Y./London cross-rate 4.87% 4.884 Telephone shares at 70 and 40, NY. Cotton-May 12.81 12.80 Shanghai Power 6 per cent. Pre- N.Y. Rubber May Chicage Corn-May

94%ferred at 140 for cash. The rub Montreal Silver-March 63.92b 54.25 no transaction of interest was re- Chicago Wheat-May

82%ber section was very quiet and Sliver Oficial

12.99b 12.96

34 824

Dow Jones Aromath

78%

London, Yesterday. 74-18/32(?)

4.88 5/16

4.88%

LONDON EXCHANGES

Paris

New York

Montreal

gistered in the debenture market. Outstanding items in the final

Brussela

Geneva Amsterdam

Milan Berlin

30 Industrials..101.56 100.74 .82 off half-session of Saturday were 20 Rails

33.13 82.47 .66 off Ewos placed at 9.10, Shanghai 20. Utilition 17.05 16.85 .20 off Lands at 22.50 and Union In

40 Bands ... 94.87 96.09 29 off

10 Leading Stocks

Amer Smelting

Auburn

Case

El Bo & Share

11 Commodity 57.49 57.70 21 upsurance at H.K. $485. Apart from 34 few deals recorded Monday was devoid of noteworthy trading. Bakerite "B" was done at 14/50; Shanghai Power-6 per cent. Pre- ferred at 188.50 and 185, Shabg-| hai Telephone 6 per cent, debenture at 99, Shanghai Power: 51⁄2 per cent. debentures at 92 and 1,500 Evos at 9.10 for cash,

General Motors

89%4 23'4 58%

8

30%

Int. Tel. and Tel

8%%

Montgomery Ward

25

Nat Distillers

N.Y. Central

104 3536

Business Done: 560,000 shares.

U.S. Steel

LOCAL DOLLAR STEADY

Silver Prices Advance

The local dollar remains steady, opening on demand yesterday morning at 1/9.

Spot and forward silver prices however, advanced being quot- 1ed at 24-7/16" and 24-9/16, respec-

tively,

The London on New York cross- rate was quoted at £-U.S.$4.88 as compared with £ US$4.873%.

The New York on London 'rate was quoted at, £—U.S.$4.881⁄4%)=86 compared with £1.8.$4.87.

Is It Insured? ?

Insurance -- All Classes

LOWEST RATES ! American Asiatic Underwriters Fed, Inc., USA General Agent

HK Govt.14% Loan, 67% prem. Head Offen

HK Govt. 3% % Liomm

Wallace Harpern. $736

HK Once 'Asini Hife”

Building

» Occasional Rises'

Stockholm

Prague

Shanghai Holiday Hong Kong

21.00(7)

15.15

7,25

57%

12.22

19.40 117%

Other rates unchanged Silver Spot.................... 24 7/10 Warloan 8% % ******* 108% Silver Forward ... 24 9/16/ British Official Wireless Service

RAILWAY COMPANY'S BONUS

TO EMPLOYEES

Mixed results were obtained during the week ended January 26, Despite the war care in the North, the market only suffered Net profit earned by the from short periods of weakness. Shanghai-Nanking and Shanghai- This fact was explained by the Hangchow Railways for the year ing, which held the hands of the The railway employees will re- approaching and of January trad 1934 amounted to $8,020,000. bears and also forced shortcovers, ceive one month's extra pay in so that occasional rises were noted. appreciation of their services.

S. E. Levy & Co.

7 ICE HOUSE STREET

INYESTMENT BANKERS & BROKERA

NEW YORK COTTON EXCHANGE

COMMODITY EXCHANGE, INC. 'N.Y.

CHICAGO, BOARD OF TRADE, CANADIAN COMMODITY EXCHANGE,

ATSPONDENTS-FOR:

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