1934-06-19 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Antboriund Capital ... $80,000,000 Inred and Fully Tald-up 20,000,000 Beserve Fundo pin

Berling

£4,000,000

Silv$10,000,000

Boners Liability of Proprietors $20,000,000 HEAD OFFICE, BOKGEOKO.

BOARD OF DIRECTORS.

THE CHARTERED BANK OF

INDIA, AUSTRALIA & CHINA.

t

Incorporated by Royal Charter, 1853

HEAD OFFICE: LONDON

Chalimas,

8. H. Dowel, Esq.

Deputy Chairman

Paid-up Capital

Reserve Fund

.£3,000,000 .£3,000,000

Reserve Liability of Pro-

* pristore

£3,000,000

Hon. Mr. G. 1. Muckiu

Agencies and Branches:

Alor Blar Arti

Melic

Ipob

Rangoon Faigoo

Bangkok

Karachi

Remarang

Batavia

Kap

Бегембек

Bombay

Robe

Shanghal

Calcutte

Xnala

Kingapore

Lumpur

Sitiawan

Cawnpore

Kucking

Surabaya

Ceba

Madre

Taling

Catom be

Manila

Tientsin

D-iki

Meden

Tongkab

New Yock

(lucker)

Prining

Trinczas

(Peking)

Yokolum.

Zamboang

Hou. Mr. W. H. KE,

A. II. Compton, Pag-

W. 2. Kerwick, E.

C. C. Knight, Eaq:

AMOT

BANGKOK

BATAVIA BOMBAY CALCUTTA CANTON

COLON NO

DAIREN

POOCHOW HAIPHONG HANBURG HANKOW HARMIN

TIONSKEW

TICIA

PON

JOHOND

FORE

KOWLOON

1. Miskin, Esq.

K. 6. Morrison, Esq.

T. E. PONT, Eag.

V. H. Gmƒbum, Eag,

Chief Manager.

BRANCHES-

LONDON LYOXS

MATIANCA

MANILA

CAR (ohor)

MUKDEN

NEW YORK

TEIPINO

TENANO

RANGOON

SAIGON

SAN FRANCISCO

REALA LUMPUR

SHANGHAL

FINGAPORE

SOCRABAYA

SUNGE PATANI

TIENTSIN

TOKYO

791 OTA0

VOKOHANA

Current Aermunta apesed in Local Comune and Fixed Deportie verden for one year shorter periods in Loral Company and Kierlag be term which will be quoted on application.

Hong Kaur. 16th April, 1984.

HONG KONG SAVINGS BANK.

The Busines of the store flank te renduet.

Canto

Ralphrong Hamburg Hanbow

Harbin

Tong Kon

Penang

Poreign Exchange and General Banking boelsere transacird.

Current Accounts opened and Fixed Deposita, repaired for one year or shorter periode at talen which will be quoted an application.

W. II. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1984.

THE BANK OF CANTON, LTD.

J

Established 1912.

Head Office:-Hong Kong.

..... $11,000,000 8,655,000 $2,170,402

Authorised Capital Paid-up Capital Total Resources Branches: Canton, Tolshan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking business of every discription trans- acted.

Current Accounts opened and Fixed) Deposits received for one

year or

pà be the HONG KONG AND SHANGHAI shorter periods at rates which will bej BANKING CORPORATION. Kula may k obtained on applicatior.

FOR THE BONA FONO AND SHANGHAI DANKING CORPORATION

V. N. GRAYBURN,

Chief Manager.

Bor Bore. 2th Feltuary, 1934,

THE BANK OF EAST ASIA, LTD.

Authorbed Carlisl

Palion Capital

$1.00.00.00

...$2,684,000,00

Reserve and Undelded Pete

READ OFFICE ---NONO KONG

12. Da Veut Road Cenital.

BOARD OF DIRECTORS—

Sir Shoeson Chow, Chairman,

Lf Ken Chan, F. &

Fun Trap, Tag. Chen Ching Shrk, Etc.. Li Tan Sank Fan Wang Phi Son. Eng. and Fan Time To, Eig

Tan Tan P, Pa., Chief Manager.

The F. g. Manneer.

BRANCHES AND AGENCIES · —

Mana

Rexistr

Amor

- Batavie

Sh

Tomlins

Calescita

New York

Canten

Hainboor

Tarta

Semant Stonstal Ringapore Surabaya Sinalow

Tankas

Teine

Honolulu

Triboku

Robe

Tiangon

Fientein

Kowloon

Sipon

Tabo

London

Fan Fearriare

VAMUS

For decription

bundne

transend.

Yalobers

of Banking and Exchang LATES granted on appeorad

Local Cumeneg speed

For an yeur shorter periods in Laval and Tesign Currencies

vourition. Curre

and Fixed Deguite melted

on fem which will be «unted on agpiration.

Sals Brit Bars To Tel.

EAN TONO 20,

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Taipeh, Formos Incorporated by Special Imperial

Charter, 1800.

quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POONG GUAN,

Oblef Manager.

SAFETY FIRST !

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE - PROOF BURGLAR-PROOF DAMP - PROOF 1 OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualilien.

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own are at a very moderate Rez- tal.

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

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York

$6,000,000.00 2,087,112.00 1,996,628.31

Torin

Chind Manager.

Hong Kong. lol March, 1934.

Capital Surplus Reserves

BRANCHES:-

Aontendwie Antwerp Altipie Дненая Brale Berlin Bombay

Bremen

Grum Kilarem Havana Stormbar Hanse Heidelberg Ester Jeranglesat

Mexlm City Mer Kapira I'inue

Brunzele

Calrutia Criders

Lukorga

Lucerno Ingest Taor Muutam Nehir Carlo Vanila M Mostreux

lian

Virona

Central Bank in Formos

Bank Notes issued Average amount...Ten. $5,000,000 On and after August 18th, 1933, the Current

rate of Interest on Special Deposit will be at 2% pa. on daily balance and the rate for balance over! $10,000 will be quoted on application. (Maximum rate-14%).

LONDON BANKERS.

Barclays Back, Ltd., Iluyó Bank, 138. Midland Bank, Ltd., Westrine B, 24,

The Hank ba Correspondanta in all the pelusion Comperial Centres thiraghbor the mould

6. XAQIDA.

HONG KONG BRANCH:

De Vu Road Central, Hong Kong December 24, 150)..

Maunger,

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Capital (folly paid-up) Yen.100,000,000

Yen.122,750,000 || Reserve Fund

Head Office:-YOKOHAMA

Branches and Agencles ats

Alexandria

Batavia

Berlin Bombay Calcutta

Canton

Dairen

Nagasak

Nagoya

New York Osaka

Paris

Peiping

Rangoon

(Dalny) Fengtien (Makdaa) Rio de Janeiro

Hamburge

Kankow

Houg

Kobe

Londen

Kong

Los Angeles

Manlia

Mar

San Francisco

Scaltie

Soembaya Bydney Tientaln Tokyo Yingow

Ac

intarset allowed Deposits received for fixed perioda, raten to be obtained on application.]

C. KISHINAMY,

Hong Kong, 11th April, 1934, DES

Manags:

ai『:;

Cuperkingen Buildin

J'weste Carria

Lavers)

1'iping

T'alcemo Kusterda Rome Manghal Southampton Singap Tientaln T'aurinina

Vegire Yokoha Zurich

Branches of American Express Com- (pany in Principal cities of United

States of America and Canada.

All classes of Commercial Banking | Transactions undertaken.

Persona investment accounts handled.

The Company offers to intending Travelers the use of its "Travelers Cheques" and Letters of Credit and, In addition; tha world-wide services of its thoroughly equipped. Travel De- partment.

C. R. BENSON,

General Manager:

YOU

ARE INVITED TO INSPECT OUR STOCK OF

ASIATIC, FOREIGN, AND COLONIAL

POSTAGE STAMPS IN SETS, SINGLE, PACKETS, BAGS AND IN APPROVAL

SHEETSREPEA

GRACA & CO, Dealers in Postage Stamps, Philatelic Goods, Pleturs Postcards, Religious "Goodi,

› Garda Bonia, de stain

· NO. 10, WINDHAN. STREET,

P. O. Bot. No. 626". HONG KONG.

THE CHINA MAIL TUESDAY, JUNE 19, 1934..

Commerce and Finance..

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

LOCAL DOLLAR

STEADY.

The following is the list of local Silver Prices Unaltered.

share quotations issued to-day:

Banks.

H.K. Bank, $1845 b.

H.K. Bank (London), £130%1⁄2 n. Chartered Bank $16 n. Mercantile Bank, A. & B. 428 n. Mercantile Bank C, $15 n. Bank of East Asia, $91 n. Am: 0. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 a

Insurances.

Canton Ins., $300 n. Union Ins., 576 n. China Underwriters, $14 n. China Fire Ins., $510 n. H.K. Fire Ins., $250 n. International Aasco. $6 n.

Shipping.

Douglas, $40 n.

H.K. Steamboats, $9 m Indo-Chinas (Pref.), 180 n. Indo-Chinas (Def.), $83 n. Shell (Bearer), $51/36. Union Waterboats, $112 n.

Mining.

Antamoks, 69 cts. 8n.

Balators, $3314 b.

Baguio Gold, 96 cts. n. Benguets, 32

n.

Benguet Exploration, 20 ete. n.

Benguet Goldfeld, 20 eta,

Big Wedge, 12 cts. n.

Gold Creek, $311⁄2 n.

Ipo Mining. $4 n.

Itogons, 7 n.

Kailan, 20/-1.

Langkats (Single) Sh. $181⁄2 1.

S'hai Exploration, Sh. $4.80

Shai Loans, £53⁄41⁄2 n.

Raube, $14.10 b.

་

Venx: Goldfield, $7 n.

Docks, etc.

HK Wharves, $107 b. H.K. Docka, 815 n.

S. China Motors A, $2 n. S. China Motors B., 88 n. Providents (old), $1.85 n. Providenta (new), 75 cts. n. Hongkews, (old) Sh. $305 n. Hangkewa, (new) Sh. $800 n. New Engineerings, Sh. $5 n. Shanghai Docks, Sh. $131 n.

Cotton Milla

Ewo Cottons, Sh. $11.35 b., $11.40

NB.

S'hal Cottons (old), Sh. $72 D. S'hai Coltons (new), Sh. $42 n. Zoong Sings, Sh. $13 n. Wing On Textiles, Sh. $54 n.

Lands, Hotels, etc.

II. and S. Hotels, $5.95.a., $5.86/95

Ba.

H.K. Lands, $59 b., $591⁄2 so. S'hai Landa, Sh, $25 n, Metropolitan Lands, Sh. $14 a. Humphreys, $11.10 n. H.K. Realties, $5.30 b. Asia Realties “A”, Sh. $140 n. Asia Resitles "B". Sh. $20 n. Chinese Estates, $80 b.

China Realties, Sh. $151⁄2 n. China Debenture, Sh. $137 n.

Public Utilities,

H.K. Tramways, $21.15 b. Peak Trama (old), $15 n. Peak Trams (new), $7 n. Star Forries, $101 n. Yaumati Ferries, $22 n. C. Lights (old) $8 n. C. Lights (new), $8.25 b. H.K. Electrics, $72 b. Macao Electrics, $25 n. Sandakan Lights, $3 n. Telephone (old) $24.70 m. Telephone (new); $123⁄41⁄21⁄2 n. China Buses Sh. $13.20 n. S'pore Tractions, 5/- n. Singapore Pref... 16/101⁄2 n.

Industrials. Malabon Sugars, $12 ¤, Cald: Macg; (ord), ßh. $21 n. Cald: Macg. (Pref.), Sh.#191⁄4n. Canton Ices, $2.70 n. Cements, $234 6. H.K. Ropes, $41⁄2 8.

Stores, etc. Dairy Farms, 281⁄2 n. Watsons, $8. Der. A. Winge, $1 n. Lane, Crawforda, $4.40 B. Mackintoshs, $21 n. Sinceres, $8.60 b.. Wm. Powells, "70 eta, n. -Wing On:'(H.K.)` $100.E...

Miscellaneous,

H.K. Amusementa, $4 n. Entertainments, $7 n. 8.0. Enterprises, 31% n. United Theatres, Sh. $2 m Macao "Greyhounds,” 12 n. Constructions (old) $1.75 b. Constructions (new) 70 cts, bi ChứGovt: 5%. 1925' `G.# Bonds |

874% m

HK... Govt. Loans,

prem. b.

Wallace Karpers; 38 n.. Gold River! 28 n.

1

NEW YORK STOCK WALL STREET

Į

EXCHANGE.

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

June 17..

The following quotations from New Fork have been received by Messrs.

[S. E. Levy and the American Orientali

Finance Corporation.

N.Y./London, COTTON :----

The local dollar remains steady. Oct. opening on demand this morning at Dec

SILVER:--- 1/5

Sept. Spot and forward silver prices Dec. closed yesterday without change, RUBBER:—— being quoted at 19 11/16 and 19%, Sept.

Dec [respectively.

WHEAT: The London on New York cross- Sept. rate, which closed on Saturday at Dec. £-U.S.$5.04%, closed yesterday at CORN: £-U.S.$5.044%, while the New York Sept. on London rate still remains unal-TOCKS tered at -U.S.$5.05.

་

EXCHANGES.

TO-DAY'S QUOTATIONE.

On London-

On T.T. and demand 1/5 Four months' sight 1/5% Credits 4 months'

aight

Dec.

Montgomery W.

だ

Close Opening Noon 505% 504% 504%

||

TRADERS STILL

HESITANT

Awaiting Adjournment Of Congress.

'SILVER MARKET DULL

New York, To-day. The delay in the adjournment of Congress continues to have an unsettling effect on the New York stock market. Business continues dull, only 610,000

shares being traded yesterday.

NEW ADVERTISEMENTS

PUBLIC AUCTION.

THE Undersigned have received Instructions to sell by Publi Aucnon

ON FRIDAY, the 22nd June, 1934, commencing at 230 p.m.

at their Kowloon Sales Room, No. 35 Hankow Road, Kowloon. A Quantity of YALUABLE HOUSEHOLD

FURNITURE

comprising:-te,

Industrials, utilities and bonds

Chesterfield couch and Bedsteada,

to chairs,

arm-

Wardrobe.

improved 1.57, 04 and .08 100.42 25.12 and 95.12, while the Dressing table, Cheat of drawers, to Hatstand, Sideboard, Dining table,

.23

943 commodity inder was up 95% 157.60. Rails declined 10 to 46.15. Chairs, Cabinet, Bookcase, Wash-

The silver market ruled dull.

stand, Flower stand, Tables, Tea- In their market report, Messrs.

poys, Ice chest, Folding screen, White, Weld and Company, through Mosquito net, Linen, Carpet, Rug, 4344 their local correspondents, Mesars Mirror, Ornaments, Silver ware, 23% S. E. Levy and Company, 'state:

Brass ware, Porcelain ware, etc.. Jetc.

"Stocks: The market continues to]; hesitate as Congressional adjourn-!

17

¡ment is delayed, but the firm tono 33% of stocks suggests further strength. 14 unless the legislitative tangle shouldi

49%

26%

23% upeet current cakulations,

"Bonds: High-grade bonds remar 81%% firm, Second-grades are easier in 16% sympathy with stocks.

The following quotations from Lon- "Rubber: Steady. The market is don were received in our offices last mostly a local affair. night between the hours of 9 p.m. and '."Whest: The market is firm on 11 p.m.

London Silver-Spot (8-11/16 Quiet- unfavourable` advices of the Euro- By steady. Small business.

pein crop and on the strength of Forward 19-3/4.

the corn market, which is firm on renewed chinch bug reports and on 'bullish coru statistics.”—Reuter.

E. A. Pierce Co. Report: Commenting

rate

aleo

A Quantity of Black Wood Furniture

and

Gramaphone Electric Table fans

On View from Thursday, the

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, 19th June, 1934.

Is It Insured?

1220 1225

1218

1231

1235

1290

4538

4815b

54156

4875

4564

4564

1401

1398B

1897

1440

1433

94%

95%

50%

89%

mut. rott.

Amer. Smelting

43

Auburn

27

13. I. Casc

54%

43 27% 58

Du Pont

8234

55 92

El. Bond &

Share

174

1740

General Motors

3314

33

In. Tel

& Tel.

14%

14%

Meintyre

49

29

29%

Nat Distiller

26%

N.Y. Central

32% 3234

Socony Vac.

16

Un. Aircraft

21

U.S. Steel

43

167% 214 43

21%

4214

1/5%

Westinghouse. 30 89% 38% London Prices.

"Cotton: The market is quiet and 21st June, 1934. our opinion of this commodity is unchanged.

On New York-

On demand

35%

Credits 60 days'

eight

373%

On Paris-

On demand....... 540 Credits 4 months'

sight

580

Last Price London Gold-187/9. London/New York-2 p.m.

|5.05.

Liverpool 4/8-518.

On T.T. and demand 94%

Liverpool Cotton-July-1 6.44.

||On Shanghai—

On demand

10912

On Japan:-

On demand

119

On Manlis--

On demand

714

Liverpool Wheat-July-I 4/R-7/8.

On Singapore—

Liverpool Colton-Jaly-1

On demand

60%

6.39.

On Batavia-

On demand

623%

On Saigon

On demand

54

On Bangkok-

On demand.. Bovereigns bank buy-

ing rate

120%

1/554

Anglo Javas

$8.75

19 11/16

Anglo Dutch

6.00

Chemors

.54

nom.

дом

Consolidateds

3.40

Java Consolidateda

1.55

1% prem.

Krocwoeks

55

Tenah Merahs

Tebongo

Ziangbes

LATEST QUOTATIONS

On India...

Bar Silver per oz.

Bar Silver in Hong

Kong Copper Cash

Copper Cents

|Rate of Native Interest 8% pa.

Chinese Sub, Coin... 31% dis Hong Kong Sửa. Call Dat.

Wheat July-1pm-

On the market, Messrs, E. A. Pierce and Company, through their local correspondents. 'Open-(the American Oriental Finance Cor

poration, state:

London Rubber July/Sept. ling 6-11/10 buyers. 8-39/16 sellers.

Last Record.

London Silver-Spot 19-11/16 ly steady. Small business.

Forward 19-3/4.

London Gold-137/9.

London/New York-2 p.m. 5,04-11/16.

Stocks: The undertone of the Quiet-market encourages a belief in some

Insurance-AllTM Classes LOWEST RATES American Asiatic Underwriters Fed. Inc., USA, General Agents

Head Onee

(what higher prices. Sugar, Metals, 17, The Band,

Oils, Tobaccos and some public utili Shanghai. rate, tics appear to be in good positions. "Wheat: Prices Improved on p.m-North American weather and crop|

newal This, however, was off-set by less favourable European crop

p.m.-

London Rubber July/Sept. Open-advices and the strength of the Corn ing 6-11 16 buvers, 6-13/16 sellers.

SHANGHAI RUBBER

QUOTATIONS.

market, which caused Improvements. "Cotton: In spite of considerable

Belling early in the day, the market

beld steady.

The bulk of selling was long liquidation, including There was 2

Messrs. Carroll Bros., received some from abroad. to-day the following cabled quota-good demand on set-backs from the tions of Shanghai rubber shares.

Trade.

"Silver: The market was quiet, with scattered July liquidation be-Į Ing. absorbed by the same source. It is expected that President Roose- velt will sign the Silver BI to-night| and, further, that the regulations | 1.72 regarding the tax will be available

shortly after.”—Beuter.

,54

8.25

New York, June 19.

Latest Quotations

The following quotations have| (been received through Mesars, S. E. {Levy and Company and the Ameri- Oriental Finance Corpora- CER

The following quotations have been received by Messrs. 8. Etion: Levy and Co., & the A.O.F.C.

New York Cotton:

July

October

December

January

March

May (1935) Spot

New York Silver:

July September

11.95/95

Last To-day's Close Close

N.Y/L/don Cross-rate 505 505 N.Y. Cotton-Oct.

Chicago Wheat-Sept. 94% 95-1/4

(Dow Jones Avg.)

June 16 June 18 Change 30 Industrials 99.85.100.42 1.57 up 120 Rails

48.25 46.15 .10 down 20 Utilities. 25.08 25.12 ** .04 up | 40 Bonds 95.04 35.12 .08 up

11 Commodity

Index 57.37 57.80 .23 up Business done:-610,000 shares. 2. (Continued on Page 7.)

June 16. Closing

October

December

January

March

12.15.

45,05/05 45.02/02 45.07/07 0.02 up 45.36/36 45.15/39 45.30/82 0.04 down 45.45/45 unquoted 45.40/40 0.05 down 45.65/75 45.64/64 45.62/62 0.18 down 45.75/75 45.75/80 45.99/99 Total sales:-38 contracts New York Rubber:

July

June 18. Opening Closing Changes 11.99/00 11.93/93 .02 down 12.18/20 12.24/25 12.19/19 .01 12:30/31 12.34/35. 12.30/30 .01 12.86/36 12.39/40 12.86/88 unchanged 12.47/47 12.51/51 12.46/46 .01 down 12.58/58 12.60/60 12.58/58 unchanged 12.15

12.20 12.19

N.Y. Silver-Sept..

19

N.Y. Rubber Sept...

45.30* 45:32 14.01 18.96

Chicago Com-Sept.

53%

60%

New York Silver (Busi

ness done)

454

San Francisco Silver

(Business price)

45-1/8

45 45

46.00/00

46.75/75 45.99/99

unchanged

unchanged

September

October

December

January March

13.77/77B 13.73/78B 13.67/6713

13.96/96 14.01/01 13.95/98 14.19/13 unquoted 14.09/09-- .04 14.40/40 14.37/37 14.32/32 08 14.57/57 unquoted 14.45/45 .12 14.74/74 14.72/73 14.65/65 .09

.10 down .05

FP

+

#t

1.19 1.2001 up 1.20% 1.22 - unchanged 1.2014 1.22 1.211.22

78 80% 81%

1

up up.

1% up

New York Bilk:

July September October December...

Winnipeg Wheat:

July

October

December

Chicago Wheat:

**July

September

December

New York Sugar: 20 The July 27

September December

The Pirage Ciricago Cerat $835%** Beptember

P December 15

Metalsr1 buah

NY. Copper, Oct.

Tin

1.19 1.19

1.20 1.22

1.21 1.22 1.211.22.

77

79%

80

1.

#

04/94 084/99% 94%/94% 0% up 94%/9374-04 /98% 95/951⁄4 ̄0% up 95/95% 95/954 967/96.0% up

1.63

1.711

1.79

1.84

2.71 1.81

.01 up unchanged 02 up

58%/5858/68% - 60%/60% 1% up

59%/69%

58%/58%

B010

II.K. Ofice

Asia Life Building

Tel. 30234

LONDON EXCHANGES.

London, Yesterday.

Рагів

76 13/32

New York

5.04%

Montreal

4.98%

Brussels Geneva

21.55

15.51

Amsterdam

7,43%

Berlin Stockholm

19.23

19.40

Copenhagen

22.39

Oslo Vienna

19.90%

Prague Milan

121%

784

Bucharest

505

Helsingfors

222%

Madrid

36 27/32

.Lisbon

110

Athens

827 Sellers

Belgrade

222

•Rio

41⁄4*

26*

1/3%

Buenos Aires Shanghai Montevideo

Bombay Yokohama

Hong Kong Silver Spot

Forward

38%

1/6 3/64

1/2 9/32 1/5/

19 11/16

1934

Warioan 3% .... 102%

Sellers Official

British Wireless Service.

RELIABLE PRINTING

no orde^T* Loo small

THE NEWSPAPER ́ÉNTEEMOPIKLIUM ·

MERA MAN OLDS,

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEW YORK COTTON EXCHANGE. COMMODITY EXCHANGE, 'INC, CHICAGO BOARD' OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO., NEW YORK

· 7 ICE HOUSE STREET, HONG KONG Tel. 50101 and 80103

Tel.

·Belco