1934-06-29 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised Oupital

Loved and Fully Paid-up'en fouten in Home Funds -

Bieling that 2 $,000,000

$10,000,000

10,000,000

Romers Liability of Propriaton .....$30,800,00 HEAD OFFICE: HONGKONO.

BOARD OF DIRECTORS,

Hon Mr. G. 8. Mackle

Chairman.

. H. Dodwell, Esq.

Deputy Chairm

Hou. Mr. W. H. Ball.

Compton. E

4. Lovic, Ent.

G. C. Knight, Eng.

AMOT BANGIOX BATAVIA BOMBAT CALCUTTA

CANTON CREFOO

DAIREN

COLOMBO

HAIPHONG

RAMBUNG

DANXOW TARBIN NONGLEW

IPOR

JONORA

MONE

NOWLOON

G. Mirkin, Eat-

E. B. Horriso, Esq.

T. E. Pearce, Esq.

V. M. Gmyburn, Esq.

Chief Manager.

BRANCHES-

LONDON

LYONA NALACCA MANILA

MUAR Jobors)

NUXDEN

NEW YORK

TEIPING PENANG RANGOON

SAIGON

BAN FRANCIRCO

KUALA LUMPUR

SHANGBAI

КІНПАРОВЕ

SOURABAYA

RUNGEI PATANI

TIENTSIN

TOKYO

TSINGTAO

TOKOBANA

Current Accounts opened in Local Currency

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA..

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Reserve Liability of Pro-

ما المال

Paid-up Capital

..£5,000,000

Reserve Fund

£8,000,000

prietors

.£3,000,000

Agencies and Branches:

Alor G

Ranguan

Am:lear

Ipol

Balgon

Taurink

Karachi

Sear

Balivie

KAR

Beremb

Monbur

Robe

Calcutt

Kingapore

Outon

Limpor

Bitwa

Carapers

Xucking

Flourabaya

L

Madras

Taiping

Colorabe

Wanita

Dend

Medan

Tongkak

Haiphong

New York

Bunberg

Pairing

Telgte

Haskow

Yorshame

Ilubin

Pinang

Zambolags

Hang Loos

Banking businese

Ceda

Foreign Exchsage and General

treacled.

Current Accounla opazed and a Depola revived for one year or shorter perioda do wice will be noted on soplications.

W. H. E. THOMAB,'

Acting Manager. Hong Kong, 20th February, 1984

THE BANK OF CANTON, LTD,

Established 1912.

Head Ofce:-Hong Kong.

Authorised Capital

Paid-up Capital

Total Resources

$11,000,000 8,655,000 32,170,492

and Fixed Deposits ricompany and Starling Branches: Canton, Toishan, Shanghai,

sheter perfods in Local

en term which will be quoted on appllection. Hoes Lout. 1912 Apr), 1084.

Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltda,

Foreign Exchange and Banking business of every discription, trans- Current Accounts opened and Fixed year от Deposits received for one shorter periods at rates which will be quoted on application.

HONG KONG SAVINGS BANK.cted.

The Business of the shots Bant is condus

ba RONG KONG AND SHANGHAI BANKING CORPORATION.

oblained on application.

Rule may be

FOR THE HONG KONG AND SHANGHAI BANKING COMPORATION

V. M. GRAYBURN,

Chief Managw,

Boog Korg, 2 February, 1004.

THE BANK OF EAST ASIA, LTD.

Authorised Ca

Pald-up Capital

Reserve and Codivided Profite

$10,000,000 O „$15,500,000 ne $2,484,000,00

HEAD OFFICE:-WONG JONG

12. Dre Trax Road Central.

BOARD OF DIRECTORR:-

Sir Shonzon Chow, Chairma

Safe Deposit Boxes (various eizer) for hire.

LOOK POONS GUAN,

Calal Kanker.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

Looo Chun, Fr. K. Keck, Dag., Wenlocated

Tun Tong, Fog Chan Ching Shak, Yoq.. Is Tan OUT

on the Mezzanine Floor of New building is Specially Con- Im-

Bate Deposit

Fang, Leg.. Wong Chu Son, Erg, and a Tinstructed to provide all of these 15. "Ex

Ken Tone Po. Taq.. Chief Manager.

J The Frus. Eng., Mangrt.

BRANCHTA AND AGENCIES:-

Acania

Mellemspr

Resille

Amay

Bomkeung

Bateria

Body

Kazanak!

Shanghai

Calita

New York

Fingapore

Sorbay

Cappon

Runtow

Haiphong

Puri

Hacker

Pelping

Sydney

Hornulu

Penang

Taikoku

Tangoon

Tientsin

Malon

Fan Francisco

Vancouver

Kobe

Kowloon

Loudon

Yokohama

portant Qualities.

You may obiain a Box in this most up-to-date Vault for your own use at a very moderate Ben. fial

Insnetion Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD. Corner of Ice House Bireet and

Des Voeux Road, Central. ·

THE

Pipiton of Banking and Exchangy trupin tratousled, versities. Curmat

Loons stated on sp AMERICAN EXPRESS COMPANY,

Arcanis apeard in Toval Cumenty and Fixed Depalle Termiced for one year shortes perinta in Gors and Toreign Currencler on terme lab will aunted on application.

Bala Deposit Boxes To Lel

KAN TONO TO.

INC.

Head Omee: ~65, Broadway, New York

Chief Nanager.

Hong Kong, Eat March, 1974.

Capital Surplus Reserves

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Taipeh, Formos Incorporated by Special Imperial Teas

Charter, 1890.

Central Bank in Formos Bank-Notes jutteð áverage amount...Yen. €3,000,000) On and after August 15th, 1933, the Current rate of Interest on Special Deposit will be at 2% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application." (Maximum rate-1%).

LONDON BENKELS:

Barclays Bank Ltd Isleyde Barik. Ind. Midland Back, Ltd Westminster lasik, Lad. The Hank has Correspondente lo all the princip Comossola Cantren throughout the world,

E. NAGURA.

HONG HONG BRANCH

9. De Fris Road Central. Hoog Long. December 24, 1981.

Hanager.

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1880

Capital (fully paid-up) Yen.100,000,000 .Ten.122,750,000 Reserve Fund

Head Office:YOKOHAMA

Branches and Agencles at:

Alexandria

Batavia

Berlin

Bombay

Cafentia

Canton

Dairen. (Dalny)

Nagasaki Nagoya

Oaks

New York

Paris

Felping Bangoon Fergtion (Mukden) Rio de Jenelio

Hamburg

Hankow

Harbis

Hong Kong Hrinking

Honolulu

Karachi

Kobs

Londen

Los Angeles,

Manila

Francisco

San Beattis Semarang Shanghal Hingapors

Sourabaya Sydnwy

Tentxin

Tringtau Yingkow

interest. allowed on. ChaTRET

Mof!

Deposits received for fixed reriode

a rupes to be obtained on application,

C. KISHINA

Manarit,

Hong Kong 11th April, 1934

$6,000,000.00 2,087,112.69 1,095,528.11

BRANCHES:-

Genç Glasgow

LATADO Baming

Palismo

Wetterdam

Rome

Amaiendam Antwerp Athens

Метью Сну Naples

AMSUN

13

Timous Pari

Jerlin

Hobey

Bremen

Nukelberg Interlaken Jersstem

Priping

Resal

Cairo

Calrutis

London Liverpool Terr

Tauratio Lutor Mereridian Monte Carle Menika

*

31

Monteur

Calnéo Copenhagna

Fabr $54iturgh Pre Orga

Skopbal Siquitaniptea Кирост Tirn Formina

Verlos Vakolama Zarichi

Branches of American Express Com- pany in Principal cities of United States of America and Canada.

All classes of Commercial Bankdar Transactions undertaken.

Personal Investment accounts

handled

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

C. EL BENSON,

General Manager,

Is It Insured?

Insurance All Classen LOWEST RATES American Asiatic Underwriters Fed. Ino, USA. General Agenta.

Head Office 17, The Band, Shanghal

PLANO

Asia Life

.. - Buliding “

Tel: 80114

PRICES

THE CHINA MAIL, FRIDAY, --JUNE

Commerce and

Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

NEW YORK STOCK, EXCHANGE.

The following is the list of local S. E. Levy And Co. And

A.O.F.C. Quotations. share' quotations issued to-day:.

Banks,

H.K. Bank, $1828 s. and sa.

H.K. Bank (London), $181.

Chartered Bank £161⁄4 n.

New York, Yesterday, The following quotations from New York have been received by Meas S. E. Lery and the American Oriental

Mercantile Bank, A. &›B. 223 n. Finance Corporation.

Mercantile Bank C, 15 n.

Bank of East Asia, $91 n. Am: O. Finance Corp, Sh. $20 China O. Fin. Ord., Sh. $4 m. China O. Fiz. Pref. Sh. $5 n.

Insurances.

Canton Ins., $300 n. Union Ins., 565 s.'

Amer.

Auburn

Close, Opening Noon 'Smelt, 499

(24%)

J. I. Case Du Pont EL Bond 4

Share.. General Mo.

CHEERFUL

WALL STREET

SENTIMENT

More Confidence In Stock Market.

SILVER PRICES STRONG

· EXCHANGES.

-TO-DAY'S QUOTATIONE

On Lendanam S

On T.T. and demand 1/54% 4 months' sight... 1/5 Credits 4 months'

sight

On New York....

On demand

New York, To-day. Prices were firmer on Wall Street, but business remained On Paris- dull, only 640,000 shares being rails

On India--

and traded. Industriale were up 20 and 12 to 97.14 and 44.59, respectively, while utili ties and bonds-improved 10 and .14 to 24:21 and 94.85 respective-

The commodity index jumped on Japan

1.04 to 57.61..

Silver prices rule strong.

5. E LEVY AND COMPANY

In their market report, Messrs.

On Balgon-

NEW ADVERTISEMENTS

NOTICE.

WNERS. "of motor

vehicles

(except Public Motor Vehi cles), and all drivers are hereby notified that licences are due for renewal on the 1st July, 1934.

Owners must furnish certified proof of weight of vehicle. on re Licensing.

E. D. C. WOLFE, Inspector General of Police. Hong Kong 29th. June, 1934.

`N MONDAY, the 2nd July. All

1/6%

Credits 60 days!

sight

87

383%

On demand

Credits 4 months'

sight...

662

595.

On T.T. and demand 97%. On Shanghai-

On demand

1094

42%

49% 25

On demand

123

On Manila-

50% 5.00% 81%

52

On demand

73

91.

18% 15%

16

5. E. Levy and Company, corres-On Singapore pondents for: Mesirs White, Weld

On demande ................. 62

A. 8. WATSON & CO., LIMITED. -

NOTICE.

On Batavia-

tore

81%

31%

On demand

54%

Int. Tel & Tel

∙184

McIntyre

49%%%

194 49%

On demand

·561⁄4

Montgomery

28 284

On Bangkok---

24%

304

On demand .. [Bovereigns bank buy-.

1264

16441

164

1/64

Un. Aircraft

18% 18%

U. S. Steel

40

40%

40%

20%

Westing

house

307

.87%

Kong

пот

N.Y./London.

503%

804

Business done: 640,000 shares.

Copper Cash

COTTON:

Oct.

1245

1240 1242

"Bonds: High-grades steady, while second-grades

are

Copper Cente

1% prem

Dec.

1258

1254 1285

SILVER:--

alightly easier.

Sept.

4600

4630

Dee.

4675

4091

RUBBER

Idemand from speculators and an

quiet, but prices are firm on aume

Bagulo Gold, 36 cta. n. Benguets, 32

Sept.

1404

1408

n.

Dec.

1444

1442.

Ibuying by local interests.

We

Benguet Exploration, 20 cts, a.

WHEAT:-

Sept.

90%

Benguet Goldfield, 20 cts, a. Big Wedge, 12 cts. n.

Dec.

91%

92%

CORN-

Sept.

687

40

Dec.

69%

SILK

Dec.

117

London Prices,

China Underwriters, $14 b. Chins Fire Ins., $510 n. H.K. Fire Ins., $250 n. International Assce. $6 n.

Shipping.

Douglas, $40 n.

Indo-Chinas (Pref.), $30 %. H.K. Steamboats, $7 n.”

Indo-Chinas (Def.), 858 n. Shell (Bearer), $50/- n. Union Waterboats, $11.80 b.

Mining,

Antamoks, 89 cts. n. Balatoce, $32 n.

Gold Creek, 234 n.

Ipo Mining, $4 n.

Itogons, $7 n..

Kailan,,20/-].

Langkats (Single) Sh. $211⁄2 n. S'hai Exploration, Sh. $5 n. S'hai Loans, $6.95 m. Raubs, $13.20 s. Venx: Goldfield, $7 n. Docks, etc.

H.K. Wharves $108 b. H.K. Docks, $15 n.

S. China Motors B., $2 n. S. China Motors B., $8 n. Providents (old), $1% n. Providents (new), $50 cta. n. Hongkewe, (old) Sh. $3221⁄2 n. Hongkews, (new) Sh. $320 n. New Engineeringe, Sh. $5 n. Shanghai Docks, Sh. $131 n.

Cotton Mills.

Ewa Cottons, Sh. $11.30 n, S'hai Cottons (old), Sh. $72 n. S'hal Coltons (new), Sh. $42 m. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $57 n.

Lands, Hotels, etc.

H. and S. Hotels, $5.80 b. S'hai Lands. Sh. $20 n. S'hai Lands, Sh. $20 p. Metropolitan Lands, Sh. $14 n. Humphreys, $10.60 n. HI.K. Realtics, $5.35 b. Asia Realties "A", Sh. $140 p. Asia Realties "B" Sh.$20 n. Chinese Estates, $82 b.

China Realties, Sh. $15% D. China Debenture, Sh. $187 n.

Public Utilities,

b,

H.K. Tramways, $21 Peak Trama (old), $15 n Peak Trams (new), $7 n. Star Ferries, $100% n. Yaumati Ferries, $20.65 n. C. Light (old) $8.80 b. C: Light (new) $8.80 b. H.K. Electrics, $72% n. Macao Electrica, $25 n. Sandakan Lights, 48 n. Telephone (old) $24 D. Telephone (new); $12 b. China Buses. Sh. $18.20 D. S'pore Tractione, 5/- 1. Singapore Pref.: 10/101⁄2 n.

Industrials. Malabon Sugars, $12 n. Cald: Macg, (ord), Sh. $21 n. Cald: Macg. (Pref.). Sh$19. Canton Ices, $2.70 n. Cements, $2 b. 12.821⁄2 sa. H.K. Hopes, $41⁄21⁄2 0.

Stores, etc. Dairy Farms $26 b. - Watsons, $5.70. n. # Der. A. Winga, $1 n. Lane, Crawfords, $4,40 Mackintoshs, $21 a. Sinceres (49- n, . Wm. Powells, 70 cta, n. Wing On (H.K.) $100 m.

*Miscellaneous,

H.K. Amusements, $4 n. Entertainmenta, 37% 'n. 8.C, Enterprises,' $1 2.. United, Theatres, Sh. $2 ni Macao "Greyhounds,” 32 m. Constractions (old) $1,65 bi Constructions (new) 70 cta, b Ch. Govt. 5% 1925 $ Bonda

ILE, Govt. Loans, $81; prem, b Wallace Harpers 18/a:

Gold River, 8261⁄2 x

Govt Loans Prem

Ward ** Nat. Diskillers N.Y. Central Socony Vac.

31% and Company, New York, state: 134 "Stocks:-The market will take 30 its cue to-morrow from the char of the President's speech 281acter 24 to-night and the action he may 30 take on controversial bills such 18

ing rate as the Farm Mortgage Moratoriam 18% and Railway Fersions. Meanwhile, Bar Silver per oz

to-day's market showed a general-Bar Silver in Hong

confident tone.

are Rate of Native Interest 3% pa

Chinese Sub, Coin 81% dia.

"Cotton: Conditions are fairly Hong Kong Sub. Coln par.

continue to recommend purchases COLONY'S FINANCES

91% on minor recessions,

"Silver:-Prices are strong and are working into new high levels Ob 60% for the current movement.

servers expect further strength in 118b view of the Government Silver Purchase Plan. Sales 234 con-

The following quotations from Lon- don were received last night between tracts. the hours of 9 p.m. and 11 p.m.

Last Price

SOUND.

Optimistic Forecast For

Current Year.

The Hongkong Dispensary, Dia- pensing Department, will be opened for dispensing prescriptions from 10 am to 1 p.m. and from 6 p.m. to 7.30 p.m.

A. S. WATSON & CO., LTD. Hong Kong, 29th June, 1934,

PUBLIC AUCTION.

Tinstructions to sell by Publie

Auction

Undersigned, have received

ON...

Thursday, the 5th July, 1934,

commencing at 2.30 p.m. -

at their Sales Room,

4 Duddell Street.

A Quantity of

VALUABLE HOUSEHOLD,

FURNITURE

SMALL SUPPLEMENTARY VOTE Comprising:

Teak

hatstand,

Chesterfeld

"Rubber-Prices are strong on

"The Colony's finances are in a couches and armchairs, Teak cabf- heavy speculative buying, which London Silver Spot 20-7/16 India entered the market late this after-sound and very liquid condition, nets and bookcases, Teak extension and speculators bought. America sold, Market steady.

Forward 20-3/8 India and specule- tore bought. Market steady,

London Gold—138/2%.

Last Record.

noon.

Sales 489 contracts. and there is every hope that, during dining tables and chairs, Teak side revenue will boards, Teak bedsteads, Teak ward- "Wheat: Strong. Weather the year recurrent

ex-robes, Teak dressing tables, Teak conditions are at present unfav-more than balance recurrent

"of chests of drawers, Ornaments, Braza ourable towards the growing crop, penditure," was the statement

begin the Hon. Mr. Edwin Taylor. Colonial]ware, Silver ware, Glass ware, Por- as high temperatures are London Silver Spot 20-5/16 India aing to absorb the recent mois-Treasurer, at the Legislative Coun-celain ware, Cutlery, Carpets, Rugs, Ice chests, Enamelled bath, Wash and speculators bought. America sold. ture. Purchases are recommend-cil meeting yesterday, · · Market ready,

The Colonial Treasurer intro basin, Brass bed. Typewriters, Por table gramaphone, Table fans, Mar- 29,489,000 duced a Bill to make provision for ble clock, Picture, Oil paintings,

Forward 20-5/8 Indle and specole-ed on recessions,

Wednesday's busheis."-Beuter.

Liverpool

tors bought America wold. Market steady,

London/New

rate York-2 pm. 5,09.

Whest July 4/8.

London Rubber-July/Sept.

1

p.75.

Bales

also

A Quantity of Fine Carved Black wood ware.

and

a supplementary sum of $27,248.65 Linen, etc., etc. E. A. Pierce Co.'s Comment

which, he said, was the amallest In their market report, the Ame-asked for this century.

A Bill to amend the Summary rican Oriental Finance Corporation, Open-correspondents for Messrs. E. A Offences Ordinance of 1982 was ing 6-3/4 buyers, 6-13/16 sellers. Pierce and Company, New York, read a first time and formal busi-

Liverpool Cotton-July-1 p.m. 6,55,

Last Record. London Silver--Spot 20-7/16 India and speculators bought. sold. Market steady..

Forward-20-1/2.

London Gold-338//215.

state:

"Stocks: Sentiment is more cheer-ness, was followed by a meeting of

the Finance Committee. Aemrica ful and evidently Wall Street eK.

Members Present His Excellency, the Governor, Bir

London/New York-2. p.m. 804-174.

Liverpool Wheat-July-1

4/7-5/8.

poets the President's radio address to be encouraging. A little more rate confidence has been manifested in Willant Peel, K.C.M.G., K.B.E., pre-

mining, sided and others present were: the stock market,

His Excellency, G.O.C., Major p.m. metals, sugara and packing issues

Gold

C.B.E., D.S.O..

Liverpool Cotton-July-1 p.m. 6.51. continue to be in favour. Business General O. C. Borrett, C.B., C.M.G., London Rubber-July/Sept. Open done: 640,000 shares. ing 6-18/16 buyers, 6-15/16 sellers.

(Continued on·Page 7)

LATEST QUOTATIONS

New York, Yesterday.

The following quotations have been received by Messrs. 5. E. Levy and Co., & the A.O.F.C.

New York Collon:

July October

December

January

March

May (1935)

Spot

New York Silver:

July September October

October

December

January

March:

:19

June 27. Closing

June 28,

Opening

12.12/12

12.12/13

Closing 12.22/24

Changes

.12 up

12.35735

12.89/40 12.47/48

.13

12.48/48

12.52/53

12.81 61

13

12.53/58

12.58/68.

12.65/65

.12

It

12.64/64 12.67/68

12.76/76

.12

12.74/74 * 12.77/77 12.35

12.87 B7

18

12.45)

.10

December

Januray

March

45.86/89 46.10/29

46.70/72 46.26/37 46.56/60

46,96/96 46.50/50 unquoted 46.96/90 47.80/30 47.45/45 47.15/15 47.85/85

36 up .46 43

May

New York Rubber:

July September

18.74/74

14.00/00

14.14/14

47.82/34 47.65/65 48.56/64 48.16/16 48.61/65

13.71/71 18.9 asked 21 up

14.2/20 13.99/98 unreceived: 14.8/58

50

.30

20

"

14.89/39

14.40/41 14.54/55

10".

14.51/81

14.84/54 14.78/76 unreceived 14.92/95

14.6/69

.18

.19

1.12. 1.14

1.16 1.17

1.15 116 1.18 L18,01%

.02

up

1.17 1.17% 1.17 1.17%

1.19 1.20 024

76

783%

79%

78 -784 794 79704% 801

00 90

005% 90% 91 92

924 92% 1% 987-981

1.65

1.67.

02 up

1.71 1.81

1.73

1.81

01 up inch

September December

60-81%

3up

BL-611⁄4

N.Y. Copper, Oct. N.Y. THE

50.715

New York BIK:

July September

October

December Winnipeg Wheat:

July

October December Chicago Wheat

July

September

2 December New York Sagart

M July

Beptember December

Chicago Cozar

1.20 1.20 08,

77 75%-76

·00% 00% 92-92 917-914

924-924

The Colonial Secretary (Hon. Sir Thomas Southorn, K.B.E., C.M.G.) The Attorney General (Hon. Mr. R. E. Lindsell).

The Secretary for Chinese Affairs (Hon. Mr. N. L. Smith)..

The Colonial Treasurer (Hon. Mr. |E. Taylor).

Ono Kelvinator

One Nine Tubes Radio Set One Electric Gramaphone

One Sporting Gun

One Electric Reducer

Two Cottage Planos. .

On View from Wednesday, the 4th July, 1934. (..

Terms: Cash on Delivery,

LAMMERT BROS.

Auctioneers.

Hong Kong, 29th June, 1984.

LOCAL DOLLAR

·ADVANCES.

The Inspector General of Police Silver Prices Improve,

(Hon. Mr. E. D. C. Wolfe).

The Harbour Master (Hon. Com-] mander G. F. Hole, R.N., retired).

The Director of Medical and Sani- tary Services (Hon. Dr. A. R. Wel- lington, C.M.G.).

The Director of Public Works (Hon. Mr. E, M. Henderson).

Hon. Sir Willlim Shenton, Kt. Hon. Mr. R. H. Kotewell, C.M.G., LL.D.

Hon. Mr. S. W. Ts'o, O.B.E, LL.D. Hon. Mr. T. N. Chau.

Hon. Mr. J. Owen Hugher.

· Mr. R."A. C. North (Clerk Councils).

The local dollar. has adman)- cod 14, opening, on demand morning at 1/5

Spot and forward, silver prices have advanced 6/16, closing prices yesterday being 20% and 20 18/« · 16, respectively,

The Londok on New York 'cross- rate, which closed at US$5.- 04% on Wednesday, closed at fi U.S.36.05% yesterday, while the New York on London" rate, closed yesterday at £ US$5.06% Na of compared with US$5.05 on

Wednesday.

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COM

COMMODITIES

BOUGHT AND BOLD ON COMMISSION DAILY NEW YORK STOCK AND COMMODITY, SERVICE

Members;

NEW YORK COTIÓN ÉXCHANGE COMMODITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR

WHITE, WELD & CO, NEW YORK

*

7ICE HOUSE STREET, HONG KONG

Tel. 80101 and 80105

tu

1