NEW YORK STOCK BRITISH
MARKET
SHIPBUILDING Levand СТРАНЕ BOOM
With regard to railroad ocks, there are indications of bet- prospects for a settlement of
wage dispute. Industrial is- sues continue to be in strong de- mand Steel and metal shares
HIGHEST OUTPUT FOR SEVEN YEARS
MORE THAN TOTAL OF FOUR COUNTRIES
should find market reflection as Lloyd's Register of Shipping soon as the pending uncertainties returns for the quarter ended surrounding the Wage Bill and the June 30, show another substan- railroad wage dispute are clarified. tial increase in the mercantile Anaconda Copper Corporation had tonnage under construction in a good year and these issues are United Kingdom shipyards. showing a tendency to resist inter- The present total of 1,199,973 mittent market irregularities. Bar-tons is an increase of 185,519 on ring unforeseeable foreign develop-that of the preceding quarter. It ments, severe setbacks are not an exceeds by over 40 per cent. the ticipated and the market appears figure recorded 12 months ago. to be consolidating the recent rise It is the highest quarterly total by irregular group movements. We returned since June, 1930. continue to favour leading steel, Britain is building more ton- metal, farming and merchandising nage than the aggregate now. issnes. Business done: 900,000 under construction in Germany, and Japan, the United States
the four leading coun- Cotton: The "Journal of Com-Holland- merce" estimates the cotton crop/tries abroad.
shares.
BANKS
ANK OF AT CHINA
$800,000) 300,000₫
30.000
RIS
Manager
*1005
at 15,721,000 bales and condition at During the last three months Hong 810 per cent of normal. This is the British yards began work on highest estimate so far, with the 367,698 tons of new merchant lowest by the "Cotton Digest" which vessels, an increase of 114,205 expects a yield of 14,634,000 bales. tons as compared with the pre-THE BANK OF EAST ASIA, LTD. "The average estimate of members vious
Theater.
total tonnage
Authorised – Capital now under Paid-up Capital
Prouts
of the Cotton Exchange places the crop at 15,082,000 bales. The press construction abroad, 1,682,887 Reserve and Undivide quotes President Roosevelt as op tons, is about 245,000 tons more posed to any crop loans without than the March figure. The lead- production control. The Washing ing countries are:
ton News Service sees no chance of crop control legislation during this
session of Congress, but says that
a loan is probable, not exceeding 8 cents.
Germany, 416,881 tons; Japan, 318,277 tons; US., 198,654 tons; Holland, 188,464 tons; Sweden, 138,720 tons.
Grains:-A Chicago trade paper: states that much light weight wheat
Of the world's total of 2,882,- this year necessitates materially -above normal quantities per barrel 860 tons now in hand, British of flour, which means that the yards are building 416 per cent
About 100,000 tons weight of the crop is smaller than
$10,000,000.00 5,598,600.00
776,726.76
HEAD OFFICES HONG KONG. 10. Das Voux Boad, Central.
BOARD OF DIRECTORS -- Hon. Sir Shou-son Chow, Chairman: Li Koon Chira, Esq., P. KEL
Wong Int
Sang. Esq. Wong Chu Son, Eag, and Kan Ying Fo, Bag Fung King Wah, Esq.
Kan Tung Po Li: The Fou
BRANCHES
S
$20,000,00€
HEAD OFFICE: HONG KONG.
BOARD OF DIRECTORS
COLOMBO
FOOCHOW HAIPHONG HAMBURG HANKOW
HARELY
HONGKSW ILOILO
IPOH JOHOEK
KORF
obryson,
yburn,
BRENCHES
LONDONE IZONS
MANILA
DOWLOOK
KADAUMPER-
NEW YORK ESTPING
PENING BANGOON
SAIGON
YOKOHAMA
Current Accounts capened in focal Career Froed Depositaterassi sad for onsig periods in Local Cursary, and Sterli.. "which" wide be quoted on "applica
Hong Kong, lat March, 12987.
BOXES &
HONG KONG SAVINGS BANK
The Business of tha thờng. Bas
by the HONG KONG AND SHIN ING CORPORATION:
on application.
FORETHES HONG KO
BANKING CORPORA
THE YOKOHAMA SPECIE BANK IRITED
Bombay
Batéria:
C
Calcurta
耳物
Lunkow
Kobe Kowlook Londa
Bangoon
Capital (fully Beserve Fund
Head
8.3 per Haiphong bushels indicate. The com market cent. — of the tonnage now build-Boodlan acts as if it is oversold and olding in British yards is intended -crop positions are again tighten-for registration abroad or for Ling. Messrs. J. E. Bennett and sale.
Company thinks that declines in grain prices are at present · suf- ficient and that purchases are war- Franted at the current levels. -sales-42,679,000 bushels.
Totall
Rubber Cables from Singapore indiente a good inquiry on account of drought over a large part of the Peninsula. This may affect July rabber production.
LOCAL DOLLAR
London Silver Prices
Hong
wes
The demand, rate of the Kong dollar this morning 1/2-13/16.
"Spot" silver was quoted at 20 and “forward," at 20.
The London on New York cross- rate was quoted at £ US$4.9810 and the New York on London cross-rate at £ US$498
SUICIDE SEEN IN
· CAR MIRROR Woman's Death Leap
A clergyman who through the driving-mirror of his car saw a young woman's preparations for sui- cide told a remarkable story at an inquest at Bristol on Mrs. Millicent Fread Hill, 26; of College-road, Clifton
Ag he wa
starter periods in
be-quoted on
Safe Deposit Bams To
KAN TUNG 20,
THE WING ON BANK LTD.
Head Office Hong Kong, 26, Des Voeux Road, Central. Authorised Capital $10,000,000
LONDON BANKERS Westminster Bank, Ltd. Foreign Exchange and every des cription of banking business transact- ed
Mrs. Hill died from head injuries after jumping into the Avon Gorge
Current Accounts and Savings Ad The Rev. H. G. England, of West- counts opened Mixed Deposits bury-road, Bristol, said that at 1140 ceived at rates which will be quoted on Tuesday
sitting on application.
ecutorship under- in his
the Sea Walls and trusteeship &
taken. Safe Deport Bazes for saw, in his driving mirror, a wom
PHILIP COCKCHI on the footpath near the railings
Chief: "She took off her hat and coat and put her handbag and Iseat," declar
IMPROVEMENT IN then climbed through the railings.
NZ FINANCES
Wellington, To-day
I saw so
went to the
ono bushes and
tion
could not. see the finances for the Col Percy
current fiscal year began well in College-read, Clifton, said
New Zealand's
quarter, which revenue of
increased
kland
-an Hill, his daughter, returned nths ago. 1,200,000, Kenya about six expendita she developed ment
tors
me the budget for suffering
be balanced, $50,000-Rea-
EMPO
Brine Your
ombay Calcutta
Canton
Darrés (Dažy)
Fengtiem (36.
Hamburs
Harbin Hong Honolulu
Fondor
rest: allowed for