THE CHINA MAIL, OC
1937.
WALL STREET REGAINS POISE
New York To-day.
Wall Street yesterday touched the other ex- treme after Tuesday's slump, and closed with very strong tone prevailing in the market.
Gains in securities ranged from anything up to $10, all groups participating in the advance Con- census of opinion is that the market has now re- gained its poise.
Brokers and other investment sources were flooded with inquiries regarding possible purchases, and it is apparent that even the man in the street realised that some of the knock-down, prices prevailing have more than discounted the very pessimistic opinions regarding the general business outlook.
*HANDS OFF"
preventing reaction
stock and bond markets spread- ing into the field of general business, where there is some unsettlement, though no actual crisis prevails.
MARGINS
The more conservative elements in Wall Street feel that any de sirable action in regard to margins Prices yesterday rose from one can well await quieter trading to four or more points, some pro-days, and agree that the Adminis- minent issues rising as much as tration's intention is to do nothing five to eight points.
at the moment Renter
Trading, while not so heavy as on Tuesday, totalled 4,340,000 shares.
LOCAL DOLLAR In spite of President Roosevelt's "hands off”” policy in refusing to The demand rate of the Hong comment on the break in Wall Kong dollar this morning was Street, it is indicated that the 1/2% President is seriously considering "Spot silver was quoted at 20 the
matter.
BANKS
BOBERTS
Manager.
Hong Kong 1st January, 1935.6
THE BANK OF FAST ASIA, LTD.
Authorised Capital Paid-up Capital
beserve and «Undivided
9,000,00 3,600,00
1776,726.
but
and "forward" at 19-15/16. Gov- The London on New York cross- ernment circles is not the rate was quoted at US $4.9550 problem
direct inter-and the New York on London rate vention
somehow at US$4.95-9/16.
-HEAD OFFICE, HONG KONG. 10. Das Tan Boad, Centzzi.
BOARD OF DIRECTORS:
Son
Greatest concern
6.000.
2000,000
NET FORK PETRING
RANGOON. SAIGON SAN FRANCISCO-
USINGAPORES
SING
PATAN
"Currency and
or shorter
BOXES în
HONG KONG SAVINGS BANK
The Business of the above Bank_is_conducted
by the HONG KONG AND SHAZ ÉPILAF BANK ING CORFORATION, Bulas may be obtaineć
uz applies!
AFOR, THE
BANKING CORPOR
Hong
GRAYBURN
THE YOKOHAMA SPECIE BANK
TRAVEL JAPAN
IN
COLOURFUL AUTUMN
To visit her
Everchanging Beauties
and Attractions
WEATHER
Invigorating, Bright & Dry
HOTLE
Accommodations Ariple Charge Extraordinarily Cheap
JAPAN HOTEL ASSOCIATION
FOR PARTICULARS PLEASE APPLY TO
JAPAN TOURIST BUREAU
c/o NYK FINE, 8' Connaught Road Central, Tel. No. 30291
olding and Exchange Reserve Fund -granted: on-approved
Capital (fully paid-up) Lea100,600,000 Ted 14 100,000
Head Office YOKOHAMA
Alexandina
Moji
IN THI Đ
Bangkok
Batavie
Chief Manager.
THE WING ON BANK LTD.
Head Office: Hong Kong. 26, Des Voeur Road, Central. Authorised Capital $10,000,000-
LONDON BANKERS:
Westminster Bank, Ltd.
Berlin
Bombay
Calcutta
Canton
Dairen (Damy)
Fengthen (Makder Hamburg
Hankow
Harbin
Foreign Exchange and every des- Hong Kong cription of banking buspress transacted. Honolulu Current Accounts and Savings. Ac- Hänking. counts opened Fred Deposits re- Kazachi Ceryed at
which will be quoted on Kobe
London
taken.
Los Angeles
& Executors! under Manila
Bares for hire. GOCKCHIN,
Chief Manager
FOR SALE
Interest allowe
counts.
fosits receive at rates to be obtai
Hong
-SHAN
GIBBONS STAMP
CATALOGUE
GRACA & CO.
$125
Stauny Dealers Wyndham, Street
398. Hong Kong