1930-12-30 — Page 2

China Mail 德臣西報 中國郵報 All

Page

T

HONG KONG AND SHANGHAI BANKING CORPORATION.

Luthorized Capital

Iemed and Fully Paikup

Reserve Funds-

Eberling

Kilme

£8,500,000

$33.603

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853, HEAD OFFICE: LONDON. Paid-up Capital

Agencies and Branches:

ALOH STAK

.£3.000,000

Reserve Fund

.£4,000,000

Reserve Liability of Pro-

prietors

£3,000,000

KUALA LUMPTE

KUCHINO

MADRAS

MANILA

MEDAN

NEW YORK

PEKING

(lay Bl)

AMUITBAB

BANGKOK

CALCUTTA

Baita Liability of Proprietors $20,900,000

DEAD OFFICE: HONG KONG.

BOARD OF DIRECTORS-

J. A. Nummer. Exq. Chairman.

Tea. Mr. 0. 0. H. Mackis. Deputy Chairman.

. II. Bell, Esq.

flon. Hr. . . Fulemon.

4. L. Compton, Eaj. T. P. Pearce, Esq.

1. Larder Lawin, Eng. T. 11. B. Shaw, Esq.

4. Yukio. Eng.

AMOY

BANGBOR

ZA PAVIA

BOMBAY

CALCETTA

Culet Manager-

V. M. Grytury Esq.

BRANCHLES:-

LONDON

LYONS

BATAVIA BOMBAY

CANTON

OZBU

DAIREN (Dator

Bouth Manchuria)

DELHI

PENANO

PESHAWAR

J. P. Warren, Esq.

MALACCA

MANILA

MUAR (Jahre)

CANYON

MURDE

EPUO

·

NADASAKI

COLOMBA

NEW YORK

DAIMEN

PEIFING

BOUCHOW

HAIPHONG

G

BANKOW

HABHIN MON REW

[POй

JONGRE

KOBE

KOWLOON

KUALA LUMPUR

PENANG

BANGOON

SARON

SAN FRANCISCU

SUANGHAL

SINGAPODE

HOURABAYA

SUNGHI PATANI

PIESTRIN

TOKYO

TINATAO

YOKOHAMA

Carrot Accounts opened in oral Curs Fited Deposite series for don just DI amour puriada in Local Currency and Sterling va tarina which will be quoted to appealing Hong Kong, let April, 1929.

HONG KONG SAVINGS BANK.

CAWKPORE

COLOMBO

НАМИСНО

LEATPHONG

HANKOW

HARDIN

(N. Manchuria)

10.01L0

HONG HONO

KARACHI

KOBE

KUALA KANGSAR

(Purak P.M.B.)

SALOON

BENAGANO

SEREMBAN

NILANUHAL

SINGAPORE

BOURADAYA

TAIPING (P.M.A.) TAVOY

TIENTSIN TOKYO

TOSORAI (Dhuket) TNINOTAO

YOKOHAMA ZAMBOANGA

(Philippine Islanda)

and General

Foreign Exchange

Hanking business transacted..

THE HO HONG BANK, LTD.

(Established 1917.)

THE CHINA MAIL.

and

STATISTICS IN

Commerce BUSINESS.

Finance

GOLD SHORTAGE FEAR.

U.S. and the Silver Value.

While fears of a shortage of gold

arise next ten years within the from statisties compiled under the authority of the League of Nations, American experts are urging that the catastrophic low value and purchasing power of silver ought to be raised, says the Daily Mail luring mail week.

million ounces a year, about half what it is at present.

A New Retail Trade Index.

At the Northern Council Confer-i Notes for Gold,

ence of the Incorporated Association Among the remedies suggested of Retail Distributors, which was for the situation is the replacement | held at Scarborough during October, of gold by notes for domestic use. Professor Henry Clay, economic ad- extension in the use of cheques, viser to the Securities Management which should be free of stump duty, Trust, delivered an address on "The post office banking facilities, and Significance and Value of Index improvement in the mechanism of Figures, with special reference to clearings.

that in course of preparation for re- The report also says that inter- tail trade." tational

ол agreement

,the Pointing out the directions in minimum of gold cover for notes which economic statistics might be would liberate a large amount of of service to the business man,

World Professor Clay said that gold for banking purposes. agreement on this, delicate point, it there was any business competition, is thought, "might be reached if the it was necessary to form some sort twelve or so countries holding the of estimate of how one man's per

sct the exformance compared with that of his ample,

competitors. Since they would not Finally, the report expresses the usually publish figures of turnovers, hope that restriction of the con-etc., the only chance of gotting & contration of monetary gold in the reliable standard by which to men- reserves of central banks and its zure a concern's progress is by com- limitation as a means of payment bining with competitors to compile for International transactions may and circulate figures for the indus- become generally realised, and astry as a whole.

where

This, they argue, would reault in Current Accounts opened and Fix an enormous gain to British trade larges: gold reserves ed Deposits received for 1 year or and combat the world-wide econo- which will mic depression, The restoration shorter periods at rates

of the faith of the Oriental world be quoted on application.

A. H. FERGUSON, in the purchasing power of silver Manager. would check the demoralisation Hong Kong, 8th January, 1929.

which the forces. of disorder are exploiting throughout the East.

The disquieting possibility of the world's supply of new gold coming serts that appreciable economy "Since trade is always either on to an end in the not very remote might be effected if all the gold the up grade or the down grade," HEAD OFFICE:-SINGAPORE.

tuture emerges from statistics concoin and gold immobilised in com-said Professor Clay, "you cannot Hong Kong Branch: 13, Queen's Rd. C.

tained in the interim report of the mercial banka were made available know, unless you have precise and about the Authorised Capital Straits $20,000,000 League of Nations Gold Delegation. to perform its proper function in reliable information

League and Remedies

course of your trade as a whole, The annual world output of gold

whether an improvement in your to-day is approximately £83,000,-

The American Government is own turnover is due to your own It is estimtaed that a slight fully alive to the possibilities of superior efficiency or to an upward increase in the next three improving world trade conditions movement of trade in general, or will be followed by through measures restoring Orion-whether a falling off in your own years gradual decline until 1940, fall-tal purchasing power by raising the trade is due to circumstances pecu- ing to £55,000,000 in 1959, silver value from the present catas liar to your own business, which after which the decrease will be trophic low rate (approximately 18. you should be able to remedy, or to more rapid as existing mines are4d. per standard ounce,) says the circumstances depressing your com-

New York correspondent of the petitors, as well as yourself. Daily Mail.

"Of course, you may make a

Issued Capital" Paid-up Capital

Reserve Liabilities

of Shareholders

Bulee may be

Surplus

The Bions of the abur Denk in souduct-

ad by the ONO KOND AND BHANGHAI BANKINO COMPORATION.

btained an application.

FOR THE HONGKONG AND RETANGIAL BANKINO CORPORATION.

4. M. HAYNURN,

Hong Kong, 10th July, 1950.

Chial Manager.

NEDERLANDSCHE HANDEL- MAATSCHAPPIJN.V.

(NETHERLANDS TRADING SOCIET

·

BANKERS.

Establimbed 192.

---

Hong Kong Don:—ile Quest's Blood Ontial. Authored Capital

Quildare 180,000,000.

Pald-Up Capizalders 80,050,000

ין

8,000,000 4,000,000 4,000,000 2,520,000 Branches, Agencies and Correspon- dents in the principal cities of the world.

Every description of Banking and Exchange business transacted.

TAN ENG HOOI,

THE

INC.

Manager.

Hend Omee: 85, Broadway, New York.

000.

worked out.

the financial mechanism of to-day.

The Silver Slump.

South Africa accounts for more than 50 per cent. of the world's gold

It is realised, however, that such guess; and the difference between production, but the difficulties and

measures, to bo effective, must the successful and the unsuccessful AMERICAN EXPRESS COMPANY, prohibitive cost of working at deep necessarily be taken under British business man often lies in the levels, as the upper veirs become leadership, because British inter greater accuracy of the former's exhausted, point to a rapid declinests are most vitally affected. Any guesses. But the quality of your in output after 1940.

initiative from the American side, guesses will be improved, If they That there is any likelihood of it is pointed out, might be open to are constantly directed by some ex- discovering fresh sources of any the suspicion that it is inspired by¦ternal objective record. Statistics importance is not believed by many

a desire to get a better price for are no substitute for judgment; leading geologists, who say that the silver, which happens to be the in-their use is to check and discipline earth has now been fully prospectevitable by-product' of American and refine the judgment on which ed. On the other hand, it is stated copper, lead, and tin mining. in the last resort business decisions that Canadian resources have not While a better price for allver | depend."

112,500,000.)

{25,049,1707

40,011,000 (£3,834,08F)

Capital Surplus Reserves

Mer Fund Guildsen

Ilend Deco:-ASSTERDAM* Eastern load Us:-BATAVIA,

CHANCHES-Bandjarmasin, Bandoang. Bombay,

Calculin, Cariboo, Diabet, Dick- jakarta, The Hagun", Jed:Jab, Kobe, Kolk-lindje. Mahaser, Medan, Padang Petaraban Fekalongan,

Pontianak, Bangoon,

Bemerneg

(Sumatre),

FRAME:

Botterdam

Bibolga Bhangbai,

Bourbain Bingspor Hoerakarta (Bole), Tapul, Tillajap and Wallavraden

There office bavo asín deposit boxme to lak London Flankers:-National Provincial Bank Ltd.

Caronpondents all over the world

Banking Vensus of stery description tracted

1. STOKKINE,

Acting Hangat.

Hong Kong. 1815 Auguel, 1930.

BANQUE DE L'INDO-CHINE.

HEAD OFFICE:

96, Boulevard Haussmaan, Paris.

Subscribed Capital Frs. 72,000,000.00 Paid Up Capital ...

..Fra. 68,400,000.00 Reservo Funda .Frz.102,000,000,00 ...... BRANCHES: Bangkok Hong Kong Quinhon Battambang Huo

Saigon Mengtzo Shangbai Nam Dinh Singapore Djibouti Neumea Thunhoe

Tientsin Fort-Bayard Papeete Peking *Haiphong

ToGrade --Harkow Pnom-Panh Vinh

Pondicherry Yunnanfa BANKERS:

Cantho Canton

Hano!

IN FRANCE: Comptoir National d'Escompte de Paris; Credit Lyonnais: Banque de Paris et des Pays-Bas; Credit Industriel et Commercial; So ciete Generale.

IN LONDON: The National Pro- vincial & Union Bank of England, Lid.; Comptoir National d'Escompte de Paris; Credit Lyonnais.

IN NEW YORK; J. P. Morgan & Co.; French American Banking Cor- poration; Guaranty Trust Co. of New York.

Amsterdam Ahiwar

,U.S.$6,000,000 .U.S.$1,572,454 .U.S.$1,008,209

BRANCHES---

Село

Alban

Bugla

Berlin

Mail

2 lingow Havana Hamburg Flatro Interlaken

Eleven bey

Brus Buenos Aires Caira Calcutta

Sortedles Lido Loodan Liverpool Lucerne

Nic Naples 14 Parta feaang Ieking Palermo Fotfandato Home

Stamboul

1-то

Садр

Luxor

Hartellas

Calamba Constantinople

Copenhagen Edinburgh Florsto Disers

Branches

Monte Carlo

Manita

Munich Montreux Mitan

of

Sbaughal Scutbampton Singapore St. Morits Tienista

Venice Yokohama Zuzkch

yet been properly touched, and the estimate for 1940 is £2,250,000.

TUESDAY, DECEMBER 30, 1930,

LET YOUR NEXT

HAT

BE A "GLYN.”

Sole Agents,

WM. POWELL, LTD.

10, Ice House St.

PHOTOGRAPHS

taken at the

HONG KONG VOLUNTEER CAMP

at FANLING

are on view

at the

VOLUNTEER HEADQUARTERS

Garden Road.

K. FUJIYAMA

PHOTOGRAPHER.

TEMPORARY OFFICE:

214, Johnston Road, Hong Kong.

SOFT DRINKS SHARES.

An Anti-Prohibition Drive.

DEPRESSION CAUSES

WRONG OUTLOOK ON INDUSTRY.

Mr. Archibald Crawford, KC., director of the Economic League, speaking at a meeting of the In-

on "The Fundamental Causes of corporated Secretaries Association

said

од 巍

aro

my

would be of undoubted benefit to The other practical perpose that

Shareholders in Coca-Cola and silver producers in North and statistics served related to trade Of the £772,000,000 worth of gold South America, tiris result is con- fuctuations. Anything that would Canada Dry Ginger Ale are doubt. produced during the last

our Industrial Depression," years, sidered trifling compared with the enable the business man to judge' less rather surprised to find their jewellers and the like required

that these causes rested enormous gain to British trade and the changing economic situation shares slumping suddenly, on re the increase in anti £162,000,000, while India absorbed British interests generally. This better, by improving the accuracy pets that

wrong industrial outlook, Instead £125,000,000, leaving £415,000,000 would accrue from the restoration of his forecast, would make his, rohibition sentiment in the United only to be added to the stocks of of the silver value to a rate which errors less, and so

lessen trade States threatens eventually their of asking "What can I produce, and become the staple and how it has earnings 18 manufacturers Should fashions in gold money.

would restore and stimulate the fluctuations. To contribute to this

This de- question to ask "What jewellery and ornaments change. Orientul purchasing power, and end was

the chief object of the vendors of "soft drinks.”

rights?" the demand from India in thereby American Express and

check the demoralisation' mass of statistics of prices, produc- serves a world of explanation, says

Fundamentally, no person who in the Daily "London Financier" Company in Principal cities of Unit crease, the shortage in gold would which the forces of disorder are ex-tions, and stocks which the Govern-

did not contribute directly or in- become even more acute.

ploiting throughout the East.

ments and trade associations of all Mail on November 4. the demand

In the days before the passage of directly to production for sale, had Bankers Warned.

countries had built up. But in this As no reduction in for gold for industrial purposes is

Mr. Benjamin Strong. the country until recently they had been the Prohibition Amendment to the any rights in the proceeds of in-

Federal Constitution, the "wets" industry and likely, only about one half of the

governor, of the Federal Reserve without any information of an total production will continue to be Bank, warued British banking lead exact quantitative character of the the United States were hopelessly living in an age of gradual pauperi- available for currency and bankingers five years ago that the British, movement of goods and stocks at divided. To begin with the "trado"sation of the people, and the sooner,

Reduction In world out-silver polley would have the catas-the very point at which they pass itself was divided. Some ancient the process was reversed the bet

ed States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment

handled.

accounta

The Company offers to intending Travellers the use of its "Travelers Chequee" and Letters of Credit and, in addition, the world-wide services af its thoroughly equipped, Travel De partment.

Afiliated with

"

THE CHASE NATIONAL BANK Resources ..Over $2,500,000,000

E. W. DUGGAN,

Manager.

THE BANK OF CHINA. 行跟國中

Reorganised October 20, 1928, under

special charter of The National Gov-

'Interest allowed on Current Ac-ernment as an counts and Fixed Deposits according to arrangements.

Every description of Banking and Exchange Business transacted Exfo Deposit Boxes to let.

A. LECOT,

Manager

Hong Kong, 1st May, 1929.

THE YOKOHAMA SPECIE BANK, LIMITED.

Established 1880. Capital (fully paid-up) Yon 100,000,000 Reserve Fund....Yen 118,500,000

Head Office-YOKOHAMA: ¡ Branches and Agenclen st:

Nagoya Newchwang -New York

Oinka

Alexandria

Batavia Bombay Buenos Aires

(Temporarily .elceedx; Calcutta Canton

Changchun

Dairen (Daloy)

Peking Rangoon

Rio de Janeiro Saigon

San Francisco

Fongtion (Maiden) Seattle

Hamburg,

Hankow

Harbin

Hong Kong

Karachi

Kobe

London

Semarang

Shanghol

Shimonosol

Blagopore Boerabaya- Bydney Tientsin

Honolula

Kai Yuen

Tokyo

Los Angeles

Lyon

Marila

Normenk!

Tsingtan Vladivostock

(Temporarily closed)

Interent allowed or Current counte

Deposits resived fós lized wt rates to be obtained on

Hong Kong. 10th Sept

- INTERNATIONAL EXCHANGE

BANK

Subscribed Capital....$25,000,000.00 Pald-Up Capital.....$24,710,200,00 Reserve Funds ........$ 8,320,603.82

HEAD OFFICE: SHANGHAL

+

HONG KONG BRANCH:

Queen's Road Central

Owing to our numerous branches in China and large connections in the important commercial centres of the world, we are able to extend to our clients special facilities for domestic and foreign banking and exchanges.

We sing handle the issue of Bonds and ether Puhlla Funds of the Chin ese Government both at home and abroad.

purposes.

Established 1912,

Head Ofre:-Hong Kong.

Avikorised Capital (TIX. Carney $11,600.00 8,000,000 Pald-Up Capital Reserva Fand samozastopamassasiyete 1,000,000 BRANCHES-

2 matter of character..

commerce.

We

aro

Since 1900 over one hundred byt, therefore, will mean that by trophic effect it has had since.

into consumption in the most im-quarrel kept the distillers and the ter..

combat the Acts of Paliarment had been passed 1940.the supply for the latter pur-i

France to a lesser degree is in-portant market-l.e., in retail trade brewers apart. To

spread of prohibition in the various annually purporting to put com. poses

will not exceed five or six terested, because of Indo-China and in the home market. '.

States, the distillers maintained a morce and industry right in one As a con- direction or another. other Far East possessions. French

amall organisation in Cincinnati, na Price Index Desirable. here have un- representatives

red tape that they had difficulty in "The retail trade index that Mr.I recall it, which sent out Press sequence, these were so swathed in THE BANK OF CANTON, LTD.doubtedly brought to the attention

not-too-convincing

functioning efficiently. of their Government the views ex-Lloyds' enterprise has created," the pressed by American experts con-speaker said, "goes far to fill this

Take again the mental attitude The brewers had a similar organ-within the partnership of industry. corning the silver situation.

gap.. With time its utility will be

isation. But active legislative work Persons well informed express to enormously increased in two ways; was left largely to associations of me the conviction that the time is it will reveal and measure

in the various ripe for British initiative, for con-torm trends of fashion and habit anloon-keepers Bangkok- New York and Ban Franciere certed measures to be adopted in in consumption and it will provide States, and as it was precisely the American unpopularity of "the

sentiment, of prohibition of silver value, however, depends on Its re-strategy could scarcely have been These measurce, of a purely econo-presentative character, and this in The sole disinterested "wet" of- mic character, would have a pro turn depends on the support which Chief Manager. found repercussion, they argue, you members of the retail dis-ganisation was run by a little man

Capron, Shanghas. Hankow, Bwatow,

CORRESPONDENTS

LONDON BAKKEB3 ¡—.

The Lloyd's Bank, Limited,

fa al principal elties of the World.

Foreign exchangs and banking blows of stary description rated.

Bala Deposit Bodas (various sizes) as a yearly

of rom $5 to $40.

rest

LOOK POONG SHAN,

Hong Kong, 14th May, 1830.

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO.)

long-

The partners of industry were in- vention, capital, management, How could labour and selling. that partnership produce the goods

the British Empire, the United, a basis for an exact calculation 1 saloon which had caused the growth at a low enough cost to recover our

different -Its

States, France and French posses-seasonal fluctuation in sions, towards increasing materially departments of retail trade. the purchasing power

increase

worse.

the markets when there was an

age-

between the partners?

long and fundamental difference

Production Council.

The politicians would not leave in giving, constructive elements, tributing trade give it by supplying in New York City. He had a tiny labour alone, and bad converted it cffice equipped with a type-writer to an anti-private enterprise stand- This expressed itself In throughout the world an oppor- the returns on which it is based.

and a mimeograph machine, and he point. |tunity to assert themselves in over- "One Important addition that)

It sent out a brave trickle of newa local and national socialism-in coming the present world-wide would enormously

value, and at the same time supply Items and essays to the Preas. Ho high taxation and rates, in out-of- HEAD OFFICE:-Talpeh, Formasa,economie depression.

The question asked here is whe- the most serious defect in our price was a flaming soul, an impassioned date trades union restrictions, in a Incorporated by Special Imperial

retail price libertarian, but compared with the failure to work at full capacity. ther British leadership will prove statistics, would be a Charter, 1899.

itself worthy of the opportunity, by, index. Such an index would be humming "dry" headquarters in How could we compete with for- Central Bank la Formoes, Baak-Notes ned Average amouala. 15,000,000 timely, effective action, ending the difficult to construct, but not im- Washington and Chicago, his ma-eign nations under these condi

BRANCHES AND AGENCIES.

What would be needed chinery was hopelessly Inadequate. policy of wait and see, which has possible.

The New Organisers. JAPAN 1---Tokyo, Tokohama, Sobe, Osaka.

Keg Lanto Relung, had such appalling effects upon would be an agreed selection of

All that has now changed. There POROUS,

Makous, Nanto, Bhimahi, Taich, Taizer, world trade." It Is pointed out that standard commodities, the charac Tino, Tamas, Then, Halla Tallo.

Bwalow OTHERS Hong Kong, Bingapore Boersbags,

Bassarang. Batarla, Bombay, Loudon, New York, Dairen

OLINA

Bankow.

tlona: how could we reduce our costs T

There was only one cure for un-

Amor Posher, just as in the past Mr. Montagu ter and quality of which do not are now two big "wat organisa-employment, and that was for the Norman, Governor of the Bank of vary materially; monthly average tions, supported by popular sub-partners of industry to combine Mr. Crawford proposed England, has discussed the gold retail prices of these could then be scriptions and apparently compar- and drive the political element out situation with the heads of the collected, and worked up into an in-ng favourably with the "drys" in of it. New York Federal Reserve Bank dex number.".

LONDON BANKERS

To Lodne Domky net and Para Bank

The Bank has Correspondente in all the princiy

Commercial Centre, throughout the world; ·

K NAGURA-

Wanager.

SHOU J. CHEN, DE

Manager.HONG KONG BRANCH

4, Das Varus Hand Central..

Hong Kong, 5th March, 1990 Tong Kong 19th January, 1979.

THE BANK OF EAST ASIA, LTD.

Established 1918.

HEAD OFFICE:

10, Des Voeux Road, Central. ··

HONG KONG

Capital and Surplus Total Resources"

over H. 8,000,000.00 over $30,000,000.00

Evory description of Banking and Exchange business. transacted.

Current and Fixed Deposit Accounts in local and for eign currencies perfed for clients

Savinge Account, and Safe Deposit Boxes. Branches and Agencies all over the world,

KANTONG PO,

(Chief Mans rOTI

and the Bank of France, it is now Imperative that such discussion should take place for the protection of the gold standard. Imnilnent danger to this is lurking in further Impairment at the faith of the Oriental world in the purchasing Fower of silver

LAND SALES.

This

between

the drive of their propaganda work that a Council of Production should The latest one, called the "Twentieth be set up upon the basis of a five Century Crusaders," is ran chiefly years political truco by the sons of American million capital and labour,

Council of Production aires.

The "Commander i Charles H. should be composed of representa- Sabin Jun., son of the president of tives of capital and labour, with a the Guaranty Trust Company, and view to stimulating production and Yesterday at the P.W.D., Now his board includes such names as abolishing all interferences with Kowloon Inland Lot No. 1435 at Du Font, Whitney, Armour, Industry and commerce which in Shumshulpo, consisting of 18,895 Cudahy, Cassatt, and Mather all any way impeded high and cheap B. H. Thomson of Moose Jaw, a square feet, with an annual rental of them representing the second or production. This would involve a Jonding breeder of Holstein cattle of $182, was sold to Messrs. Der third generation of famous familles. definite cut in Government and in Western Canada, and a director Sing-chi end Ll Wanyu for 862,100, They have carolled 70,000 names municipal expenditure, a truco to of the Holstein-Friesian Assocla- the upset price was $89,790.

Christmas.

tion, has just finished making a Kowloon Inland Lot No. 2424 in and are "out" for 1,000,000 before number of recorda with a group of Tung Chol Street, Mong Kok Tsui,

Last week, to attract publicat ive cows and heifers, members of consisting of about 2,170 square

great crusade among employers and many of the trades union ruler, a

workers for greater efficiency. Then, and by no other means, his best herd, which make an ex feet, was sold to Mr. Lok Wing on tention to their movement, these would unemployment be reduced cellent showing. These five In- behalf of Tanng Hing at $7,000, youngsters--who know their way to normal proportions. dividuals, qualifying in the B.O.P., while New Kowloon Inland Lot. No, around Wall Street organised a

Fll but one in the 865-day division, 1484, consisting of 4,307 square big and successful bear drive

gave a total production amounting feet, was sold to Mr. Chan Chung against Coca-Cola, driving the shares have recovered to 161. They to 78,082 pounds of milky contain: ping at $13,000. At the camo sale shares down from 173 to 155; have long purses, these youths, but Ing 8,250 pounds of butter, any Garden Lot No. 77 in Stubbs Road, Canada Dry Ginger Ale they drove the overthrows of prohibition seems

per animal of 14606 consisting of about 9,400 square down from 63 to 44.

containing 851fect, was old to Mr. Cheung Po They had good deal of trouble for the upset price of $470, borrowing Coca-Cola stock and the

to me a long way off, and if their

stock market position is untenable they will have to yield gracefully,

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