NEW STOCK
WORK ON | RULLER MARKET A BANS
Messze S E. Levy and Go
this morning received the
New York markets. *
Stocks Our opinion
17
International Committee
Figures
sterdam, To-day. with regard to utility, rail
Offer ex
demand on - the dustrial issues remain unchanged.rabber market for the first time While the injection of the Asiatic since July, 1935, according to the situation has somewhat dampened latest figures concerning consump bullish ardour and is likely to con-tion and exportation published by tinue to influence the nearby trend, the International Rubber Restric the long-term view remains un-tion Committee. changed. Over the near-term, we
The net world export of rubber believe that a trading attitude is in June, 1987, amounted to 108,167 warranted and we would increase tons, thus exceeding world holdings of selected stocks on soft consumption during the spots. Business done: 900,000 month by about 12,600 tons.
The total world supply of rubber in June 1937 amounted, according to the Committee's report to 334, 000 tons in round figures.-Trans Ocean.
shares.
There is much low-grade wheat in "the new crop and this is hastening hedge selling temporarily, with good grades holding good premiums. We think that the supply outlook makes purchases on easiness advisable. Private estimates issued to-day in- dicate a Winter wheat yield of 648,- 000,000 bushels; Spring crop at 193,- 000,000 bushels. The corn crop is estimated to yield 2,771,000,000 bushels, Oats 1,149,000,000 bushels All these private estimates were as had been expected.
Total sales of wheat 34.634,000 bushels.
Cotton: The recent declines are stimulating proposals for cotton loans, which, it is thought, Congress is not likely to grant unless prices fall considerably below those ruling at present. To-day's recovery was not impressive.
same
THE MERCANTILE BANK OF INDIA, LTD.
OFFICES S
15. Gracechurch, Shrank, Lan, ELI -Authorised Capit
Subscribed"
Paid-up Reserve
BANKERS.
£3,000,000.
1,247,830
The Bank of England & Midland Bank, Ltd.
Bangkok
New York
Calcutta
Calamba Delhi
Kota:
Galle
ong cog
Kasia
„Krale
Howrah
Every business tra
Trast INTERES
application. Fized Deposite st
Rubber: Continued publicity given to the heavy July primary shipments is keeping speculators on side-lines. The Trade is thought to be accumulating on the scale 7, Queen's Boad. down, which we think is warranted.
Singapore Raw Rubber
Co,
ed.
that may D. BENSON,
THE WING ON BANK LTD.
Head Offres Her 26, Der YocE="
Authorised Capital
LONDON BANKI Westministe
Foreign Exchan
quota-cription of banking business-
Messrs H. B. Joseph and have received the following tions from Singapore in Straits
Currency for Kaw Rabber: Spot 29-14 b: down 4. Jan/March 29-7% b. down 1⁄2. Aug/Sept.
Oct/Dec. 29-34 b. down 1/2. Market: Quietly steady.
00,000
des-
avings Ae-
Current Accotints and counts “opened. “Mixed cerved at rates which? be quoted on-application."
Trusteeship & Executorship und taken. Safe Deposit Boxes for hi
PHILIP GOCK CHIN,
Chief Manager
HRA OFFICE
38,
DUN
000,000, 000,000
,000,000
Reserve Fund Reserve Liability
prietors
Manchester Bra 71, Mosley Street
Agencies and
Calentta
R W. RO
Hon
THE BANK OF EAST ASIA, LTD.
Authorised Capital Paid-up Capital ... Reserve and Undivided
Profits
$10,000,000.00 5,598 100
2,776,726.76
HEAD OFFICE: HONG KONG.
-19, Des Your Boad: Centrali
BOARD OF DIRECTORS:
Wong Yu
Li Lam
Hon. Sir Shou-son Chow, Chairman, Li Koon Chen, Esq., P. K. Kokk, “ Eas Tong, Esq., Chan Ching Sbež, Sang, Bag.. Wong Chu Son, Esq. and Kan-Ying Fo, Esq., Fung Ring Wah, Eag...
Amay
Kan Tung Po Esq., Chiaf M, Li Tas Fong, Esq., Hanagez.
"BRANCHES AND AGES
Current Accor and Fixad shorter, periods
Safe Depozik
and Exchange
"Loans "granted, an
HONG
BAN
Sir Vandeleur M.
BRANCHES
©LONDONED
LYONS
HANKOW HARHIN HONGKET
·HLOILO IPOH JOHORE KOBE KOWLOON
KUALA LUMPUR
BANGOON SAIGOR SAN FRANC SHANGHAI SINGAPORE SOURARTY SUNFET
YOKOHAMA..
Current Feroozle opened in Loc Fixed Deposita' received "be ons perioda in Local Gazzaney, and St which will be quoted on ma
ALSO, up to date EXPE" DEPOS
Hong Kong, In
1000.001
HONG KONG SAVINGS BANK
The Business of the shore Bank ris, condcicbať by the HONG KONG AND SHANGHAI BANK ING CORFORATION. Hali
may on application.
FOR THE HONG KONG BANKING CORPORATION:
obtainal
AND SHANGHA
V. L. GEITBURK,
Chist
Hong Kong, Jat March,
THE TAIKOO DOCKYARD & ENGINEERING COMPANY
OF HONG KONG, LIMITED
BUILDERS OF ALL CLASSES OF SHIPS.
BUILDERS OF RECIPROCATING STEAM ENGINE
BUILDERS OF MARINE AND LAND BOILERS
BUILDERS OF TURBINE MACHINI
Under License From Messrs."
BUILDERS OF DIESEL ENGES
Under Special License From Messrs. Sulzer
Licensed To Manufacture Lauz Perm 1
For Internal Combustion Engine Working
DOCK & SHIPWAYS
FOR DOCKING VERY LARGE, AS WELL AS SMALLER VESSELS, ON ANY TIDE"
ALL CLASSES OF SHIP ENGINE AND BOILER REPAIRS AND EXTENSIVE WELDING, BOTH ELECTRICAL AND UKFACETYLENE – SKILFULLY
PROMPTLY CARRIED OUT:
THE YOKOHAMA SPECIE BANT LILATED
Established 1889
Capital (fully paid-up)
Reserve Fund
-Head Office: YO
Branches zu
Bangkok
Batavia
Berlin Bombay
· Calentta
Canton
Dairen (Daily) Fengtien (Maiden) Hamburg
Bankow
Hanbury
Hong Kong
Honolulu Hsinking Karachi
Kobe
London
*Mamla
Los Angeles
Interest "ałowe
Deposits crece
at rates to be obta tions.
Taikoodock,” Hong Kong.
BUTTERFIELD & SWIRE, Agents