1934-07-18 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorised. Capitek maar

$50,000,000.

THE CHARTERED BANK OF

· INDIA, -AUSTRALIA & CHINA.

Esened and Fully Pald- 20,000,000 Incorporated by Royal Charter, 1858

Reserve Fund:

£6,500,000 :

Berling SAD-01 US B... $10,000,000

Emere Liability at Prapriatom $20,000,000

HEAD OFFICE: BONDSONU.

BOARD OF DIRECTORS.

Hoc. Str. C. . 8. Mackie

-Chairman,

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fund

.£8,000,000 £3,000,000

Reserve Liability of Pro-

prietora

£3,000,000

Agencies and Branches:

.H, Dodwell, Esq.

Alor Rier

Follo

Amritsar

Ipoh

Halgon

Deputy ChairmaLE.

Bangkok

Ramach

Samareng

6. Mislin, Esq.

Katavis

Klang

Barbad

R. H. Morrison, E14.

Bombay

Feb

Chenabal

T. E. Fouro, Zaq.

Caloutta

Eingapore

Casion

Старит

Sitiawan

Cawnporn Cebu

Kueblox

SouzaDays

Hadres

Taiping

Colombe

Healt

Tiantain

Thuthi

Meday

Tongkah

Пalphang

New York

(Ebuber)

Hammars

Paiping

Tsingtao

Flankow

Harbin

(Pring). Fanag

Yokohama

Zamboanga

Hou. Kr. W. 11. Ball.

A. H. Compton, Eng.

W. Keswich, Faq 6, 0. Kalghi, Eng."

V. M. Grayburs. Eng.

Chief Manager.

BRANCHES

AMOY

BANORGE

BATAVIA BOMBAY CALCUTTA CANTON CHEFOO COLOMBO

DAIREN

PODCIIOW

HAIPITONG

HAXHORO HANKOW

MARBIN

DONORES

ILO310

IPON

JOHORE

КОПЕ

HOWLOON

་

LONDON

LYONH

MALACCA

MAHILA

MDAR (Jobore)

MUNDEN

NEW YORK

VEITING

PENANG

MANGOON

BATOON

BAN PRANCISCO

KUALA LUMPUR

SHANOBAL

SINGAPORE

EQURABAYA

RUNGEI PATANI

TIENTRIN

TOKTO

TEINOTAO

YOKOHAMA

Current Account opened in Local Current and Plaed Deposita recalved for ace of ahoriar periods in Local Company and Bras shorter such wits be quoted an application. Hong Kong, 18th April, 1954,

Bong Kong

Foreign Exchange and General Banking busines franmelad.

Current Accounts opened and Fixed Deposite received for DDD at or shorter periòde at 'rator. which will be quoted an application.

W. H. E. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1912.

Head Office-Hong Kong.

Authorized Capital Paid-up Capital

$11,000,000 8,855,000 82,170,492 Total Resources ....... Branches: Catton, Toishan, Shanghat, Hankow. Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Foreign Exchange and Banking HONG KONG SAVINGS BANK. business of every discription trans-

The Business of the above Bank is conduct ed by the HONG KONG AND SHANGHAI lular cay be DANKING CORPORATION. obirined an appilention.

FOR THE HONG KONG AND SHANGHAI- BASKING CORPORATION

V. M. GRAYDUAK,

Chist Mazagat.

Bong Korth February, 1934.

THE BANK OF EAST ASIA, LTD.

Autherlord Capital

Paldan Capla

Berre sud Undivided Profi

BID.800.000.DO

---------- $2,454,000,00

BEAD OFFICE:RONG KONG

12, Des Vaur Road Central.

BOARD OF DIRECTORS:-

Bir Rbou-o Chew, Chairman,

Li Xeer Chun, Fac. P. E. Rack, Eng. We Tun Toor. Eng.. Chan China Rhek, Esq. El Jan Beng Eag Wong Chu Fon, Erg. and Kan flag Fo, Pag

Kan Tony Po. Ean.. def blounger,

Li Tea Fong. Eng., Manager,

BRANCH AND AGENCIFA |--

Manila

Melisszeria

Blogapors tourshaym Swałow

Baalila

Amoy

Entavio

Bombay

Nagmuaki

Semarshy Nhanghai

Calcutta

New York

Canton

Haiphong

Onaka Toric

Dankow

Honolulu

Tenang

Iub

Bagoon

KOTVOR Landen

Raigo

San Francisco

l'eiping

+

Mythry

Talbotu

Tientada

Tokyo

Vancouver

Yakobsma

Every Ameripilets of Banking and Exchang

acted.

Current Accounts opened and Fixed Deposits received for one year or shorter periods at rates which will ba quoted on application.

Safe Deposit Boxes (various... Mizes) for hire.

LOOK POOND SILAN,

Chief Manager.

SAFETY FIRST!

To Safeguard Your Valuables and Jewellerfes.

Deposit, them in a Vault that la really: FIRE-PROOF BURGLAR-PROOF DAMP-PROOF!

OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im- portant Qualities.

You may obtain a Safe Deposit Box in this most up-to-date Vault for your own use at a very moderate Ren- Ital.

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

THE

tutors (ranke÷ted. Loans meated on approved AMERICAN EXPRESS COMPANY,

Securifier Current

Currency and Fixed Deposits trooived for one year or shorter plode in Local and Foreign Currencies

termin which will be quoted on application. Safe Deposit Joxer To te

KAR TONG PO.

Acments opened In Loed

INC.

Head Office: 65, Broadway, New York

Chief Manager,

Hong Kong. March, 1994..

Capital Surplus Reserves

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE: Taipeh, Formosa Incorporated by Special Imperia)

Charter, 1899.

Central Bank in Formos Bach-Nater Ted Average amount...Yan, thai.coM On and after August 15th, 1938, the rato of Interest on Special Current 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-13%).

LONDON BANKERS:

Barclays Bank, Lid.. Lloyds Bank, itd. Midland Bank, Ltd, Westmates Bank, Ltd. The Bank has Correspondenta in ail the principal Commerola Centres throughout the world.

HONG KONG BRANCH:

Y. OHNO,

"

9. Des Verar Road Cantre Hong Kong, December 24, 1931.

Naoks.

$8,000,000.00 2,087,112,69 1,905,598.81

BRANCHES:-- -

Amatorda

Antworp

Athena

Anten

Evalu

Berlin

Bombay

Braman

Brussels

Blankow Estaro Hamburg Hares Heidelberg Interlaken Jerventom Loudon

Mexico City Nice

Naples Piraeus Paria

Chizo

Liverpool

Calcutta

LATEST

Carnes

p

Colombo Sublin Edinburg

Jazor

Monte Carlo Mandla

Floed Leceta

Munich

Vortreex Milsu

Priping Palermo Rotterdam Home Shanghai Soesthampton Blogspor Plentoin Тортия Vienna Venice. Yokohama . Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal investment accounta handled.

THE YOKOHAMA SPECIE BANK The Company offers to intending

LIMITED.

Established 1860

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

Head Office:-YOKOHAMA

Branches, and - Agencies, at: Alexandria

Nagasaki Nagoya Batavia

New York Osaka

Berlin Bombay

Calcutta

Paris

Canton

Peiping Dairen (Dalnyy. Rangoon Fengtien (Mukden) Rio de Janeiro

San Francisco Seattle

Hamburg Hankow

Hapelula Hainking Karachi

London

Travelers the use of its "Travelers Cheques" and Letters of Credit and, in addition, the world-wide zervices of its thoroughly equipped Travel De- partment.

C. H. BENSON,

General Manager.

THE MERCANTILE BANK OF INDIA, LTD.

- HEAD - OFFICS: TE, "Chaoschurch Steant, London, EOS. Authorised Capital

****£3,000,000 Subscribed Capital.... 1,800,000 Paid-up Capital ....... 1,050,000 Reserve Fund & Best.. 1,247,438 BAKIXB6:

The Bank of Harland & Midland Bank, Ltd.

--BRANCHES ;—————

Bangkok

Harbin

Hong Kon

Bingapore

Bombay Galoulie

Colorabe

G

Los Angeles

Tentain Tokyo *** Tsingtau Yingkow

Bon Bon Howrah

Mat

Internet allowed on tsrrent A-

Ipob

Kandy

Kerenal

Kota Bhar

Kuala Lápla

Kuala Lumpur

Kuantan (Falang) Bimle Madres

HONG KONG BRANOH Every description of Banking and Kenčangu bosi. Des' transacted.

• Pravdlers, Chaçom - Innseda!

Trastes and Executorships unders takenaar

"INTEREST stored an Ourmak Accounts and

Deposita' received for sized periods Pized Depoule si Rate, that, may be stowinland as rates to be obtained on application." | otto appllnaden, mot

"C:/KISHINAMI,

1: Quiste: Hood Central,

#Hong Kongt/12th June, 1986,

THE CHINA MAIL, WEDNESDAY, JULY 18, 1934.

NEW YORK STOCK Dull State Continues

EXCHANGE

Commerce and

Finance.A.0.F.C. Quotations.

́LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of local share quotations issued to-day:

**** Banks.

H.K. Bank. $1785 b.

LOCAL DOLLAR STEADY.

Silver Prices Decline.

S. E. Levy And Co, And

New York, Yesterday,

The following quotations from New York have been received by Mesure. B. E. Lavy and the American Oriental Finance Corporation.

Last Close Opening Noon N.Y./London 5.04% 6.04 6.0474

13.15 The local dollar remains steady, Cotton Oct. 13.10 13.03

13.29 Dec. 13.31 opening on demand this morning Silver Sept., 46.79

46.70 at 1/6%

Dec. 47.30 Spot silver has declined 8/16 Silk Dec, ... 1.17%

Dec. .... 16.18 n. and forward silver e, closing Rubber Sept. 14.82

prices yesterday being 20-7/16 and C. Wheat |80 9/16 respectively,

H.K. Bank (London) $187 n. Chartered Bank £16 n. Mercantile Bank, A. & B £90% Mercantile Bank C, #18% n. Bank of East Asia $84 n. Am: 0. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. 15 1.

Insurances.

Canton Ins., $290 n. Union Ins., $580 b.

China Underwriters, $1.20 b.. China Fire Ins., $510 n. H.K-Fire Ins., $230 b. International Assce. $6 n.

Shipplug.

Douglas, $41.16 n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $38 n. Shell (Bearer), $47/6 n. Union Waterboats, $12% n.

Mining.

Antamoks, 60 cts, 80, Balatoes, $321⁄2 b. -Baguio Gold,-12-ets-n.

Benguet Consolidated $92 n. Benguet Exploration 18 cts. b. Benguet Goldfield, 20 cts. n. Big Wedge, 12 cta, n. Gold Creek, $2 n. Ipo Mining $2% b. Itogons, $5 8.

Kailan, $18/-... Langkats (Single) Sh. $21 n.

S'haf Exploration, Sh. 86 . S'hal Loans, $81⁄2 m. Rauba, 313 sa.

Venx: Goldfield, $7 n.

Docks, etc. H.K. Wharves $108 b., $109-88. H.K. Docks, $12 n. Providenta (old) $1.60 b. Providents (new), $50 eta n. Hongkews, (old) Sh. $9221⁄2 n. Hongkéwé (new) Sh. $820 n. New Engineerings, Sh. $5 n. Shanghai Docks, Sh. #131 n.

Cotton Mills.

Ewo Cottons, Sh. $114 b. S'hal Cottons (old), Sh. $73 n. S'hai Cottons (new), Sh. $42% n. Zoong Sings, Sh. $11. Wing On Textiles, Sh. 368 n.

Lands, Hotels, etc.

H. and S. Hotels $5.65 n.. H.K. Lands $574 b., 358 sa, S'hai Lands, Sh. $26 n. Metropolitan Lande, Sh. $14 n. Humphreys, $10% n. H.K. Realtics, $5% n. Asia Realtles "A", Sh. $140 n. Asia Realties "B" Sh.820 n. Chinese Estates, 888 b. China Realtles, Sb. $154 n. China Debentures, Sh. $187 n. Public Utilities.

H.K. Tramways $21 b. Peak Trams (old), $18 a. Peak Trams (new), $7 n. Star Ferries, $1021⁄2 n. Yaumati Ferries, $214 b. C. Light (old) $8.65 b. C. Light (new) $8% n. H.K. Electrics #71% b. Macao Electrics, $25 n. Sandakan Lights, $8 a. Telephone (old) $24 h. Telephone (new), $12 п. China Butes Sh. $18.20 m. S'pore Tractionë, 5/- 0.. Singapore Pref., 18/10 n.

Industrials.

Malabon Sugars, $12 n. Cald: Macg. (ord), Sh. $21 x. Cald: Macg. (Pref.), Sh.$19. Centon Ices, 82.70 11. Cements $2.60 b. and na. H.K. Hopes, 541⁄2· n.

Stores, etc.

Dairy Farms $25.80 b., $26.15 s. Watsons $5.40 m.. Der. A. Wings, $1 n. Lane, Crawfords, $4.30 n. Mackintoshs, 321 n. Sinceres $10.60 'n.⠀ Wm. Powells, 70 'cts. n. Wing On (HK) 8108 n.

Miscellaneous,

H.K. Amustamente, $4 n. Entertainments, $731⁄2 'n. 8. C. Enterprises, 80 cts, United Theatres, Sh. 82, n. Macão "Greyhounds,”" $2 m. Construction (old) 81.60 b. Constructions (new) 15 cta. b H.K Govt. Loans, $84% prem), n. Wallace Harpers 38 0. Ch. Gort. 5% 1925 G8Bda

$874% n

Gold River 264 ots. n. "Govt: Loan 1% prem

The London on New York cross- rate, which closed on Monday at C. Corn Sept 61%

—U.S.85.04%, closed yesterday at Wheat Oct.

Dec.

U.S.$5.04, while the New York STOCKS: on London rate, closed at U.S.$6.04%, as compared with U.S.$6.04% on Monday.

EXCHANGES.

Wall Street

BOND PRICES RULE EASIER.

SILVER MARKET QUIET

On

"Stocks: Better resistance to the market was shown but any impres sive change for the better seems to cull for some clearing up of the San Francisco strike, situation.

"Wheat: The strength of Corn and also the strength of the Winni- pog market encouraged buyers but New York, To-day.

offerings were still confined to pro- Prices continued the downward fit-taking and hedging operations. trend on the New York market The latter deals were lighter owing yesterday. 'Industrials and rails] to small receipts. The weather is 47.00 were down,25 and .28 to 96.79 and hot and dry. There are somid sen- 1.10b 41.95, respectively, while utilities sational private reports in the and bonds weakened .06 and 1.17 to South West which have been ad- The comvanced on the condition of the Corn 94.26, respectively. modity index advanced .32 to 39.18. country. Heavy selling and profit-

The silver market ruled quiet. taking caused a late reaction.

(Continued on Page 7).

Latest Quotations

S. E. Levy and Company, corres- The following quotations havO

pondents for Messrs. White, Weld been received through Messrs. 8. E.

Levy and Company and the Ameri- :

"Stocks-Despite the dull statescan Oriental Finânce, Corpora

Last To-day's clare close

.18.20

46.956

14.06

14.50

16.00

Sept.

98%

100%

Dec. .....

99%

1023

634

€34

€5%

15. E. Levy And Company's Report

89%

85%

In their market report, Messrs.

Amer. Smelt, 41%

42

Anae Copper 18%

14

14.

Auburn ... 24

-land Company, New York, state:

Balt & Ohio. 21% 3. I. Case. 51% Con Gas N.Y. 32

21%

61

of business and the labour dis-tion:

Du Pont... 905 El Bo & Sh 10% Gen Motora 80% Int Tel & Tel 12 McIntyre... 49. M. Ward

324

90 13%

92%

turbances, there are no signs of

New York, Yesterday.

91%

any volume of liquidation, though

18%

30%

81

12

124

ket is increasingly discouraging Cross-Rate

the dragging tendency of the mar-N. Y./London-

5.04% 5.04%

48%

to security-holders.

28

27

28%

jat

Nat. Distil 20% 20% N.Y. Central 26% -28%

20%

believe that gradual por- chases should be made during!

While we N. Y. Cotton-

Oct..

18.18 13.21

|N. Y. Silver-

27

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

aight

Soc-Vacuum. 15%

15%

164

St. Oil NJ.. 44%%%

44%

443%

Un. Aircraft 17%

17%

17

1/6%

U.S.' Steel.. 38% West E. & M. 35

884 39%

On New York

35 *36% London Quotations

Sept. this period, we foresee little pro N. Y. Rubber pect of any change until business, Sept. the strike situation and the in-Chie Wheat-

Sept, tentions of the Administration are Imore clarified.

40.79 48.90

14.82 14.70

084

904

Chic Corn-

Sept.

6144 024

On demand

87

Credits 60 days'

+

sight

38%

Do Paris-

On demand

560

Credits 4 months'

aight

5922

On India...

London/New York Rate 5,04-1/4 (2 p.m. rate).

Liverpool Cotton-Oct. 6.88 (1 p.m. price).

TO-DAY'S QUOTATIONS

On London...

On T.T. and demand 97%

Da Shanghai-

On demand

On Japan:-

Last Close

London Silver Spot 20-5/8 and For-weather-still dominates the mar ket, but we would continue to ward 20-11/16.

40% 464

40%

The following quotations from Lon- "Cotton: The forecast of unfa-N. Y. Silver don were received last night between vourable weather brought coral- (business done price) the hours of 5 p.m. and 10.80 p.m.

The San Fran. Silver Įderable speculative buying.

(business done price)· 40% (Dow Jones Avg.) **** Last To-day's Aves. Aves. Change

97.04 98.79 0.25 off 42.23 41.95 0.28 off 22.59 22.53 0.00 off

Chinn sold. Indla small buyers at adopt a cautious trading policy. the fall. Quietly steady.

London Gold 137/.

Purchases are recommended only 30 Industrials on sharp setbacks.

"Silver: The market is quiet. "Rubber:-The market presents

120 Rails

20 Utilities

20 Bande

11 Commodity

a tired appearance. Some trade Index Liverpool Wheat-Oet, -5/2-7/8 (1 and commission-house buying p.m. price).

06.43 94.28 1.17 of

....... 58.86 59.18 0.32 up 18 LRADING STOCKS

Amer Smelting London Rubber-Oct./Dec. 7-3/10 tended to off-set profit-taking. Amer Can

Unless renewed speculative buy:Amer Tel & Te buyere, 7-5/16 sellers (Opening).

ing enters, we believe that prices Auburn

J. 1. Case London Silver Spot 20-7/36 and For-[might sag somewhat lower. ward 20-9/15.

Last-Record

China Bold, India small-buyers at the fall Quietly steady.

"Wheat: Heavy speculative Du Pont

Elec Bond & Share local buying, with continued hot General Motors weather, caused an up-swing in Int Tel & Tel

London/New York Rate 5.04-1/8 (2 prices. We still recommend pur-McIntyre Porcupine

110

On demand

128%

On Manila-

On demand-

-78%

On Singapore

On demand

62%

London Gold 137/11.

On Batavia-

p.m. rate).

On demand

54%

On Saigon

On demand

56

On Bangkok

On demand

1264

ing rate

1/64

Boveraigns bank: buy-

Bar Silver per oz. ... 20 7/16' Bar Silver in Hong

Kong Copper Cash Copper Cents

nom. 201 ... 1% prem. Rate of Native Interest 8% pa. Chinese Sub. Coln... 30% dia. Hong Kong Eub. Cols par.

Liverpool Cotton-Oct. 6.87 (1 p.m. price),

Livernool Wheat-Oct 8/8-1/4 p.m. price)...

London Rubber-Oct./Dec. buyers, 7-5/16 sellers (Opening).

London Rubber Oct./Dec. buyers-Noan Market steady...

chases on recessions.

+

Montgomery Ward Nat Distillers "Corn-Private estimates are

IN. Y. Central (1 bullish and we believe in the pur Socony-Vacuum

chase of corn here.

Union Pacific 7-1/4)

"Bonds: The edge is off high- United Aircraft -1/4 grades for the present and prices U., Steel

Westinghouse are easier. The market for se- cond-grades is also lower."

sre

London Forecast. Of American Markets Although the patiook he still very uncertain, prices in Wall Street not expected to recede much further, yesterday's buying late in the Session being construed favourably.

1 Night Telegrams The following telegrams were received in the night services

08

41%

.119%

22%

50%

90.

18%

30%

12

4814

28

20

2044

15%

116

173

88

E & M

SHANGHAI RUBBER

SHARES.

"Cotton:-The weather in the Messrs. Carroll Bros. have just West is clear, with the tempere received the following cabled quo- Not much change is expected in the tures in the 100's, resulting in tations

of Shanghai Rubber

cotton and wheat markets.

Other commodity markets are pected to open a little easier.

LATEST QUOTATIONS

ex-damage to the crops, while the Shares:-

forecast is the same elsewhere. Conditions locally are hot and un- settled. Grains: The weather in the South 18.mostly torrid and there has been little relief. The

New York, Yesterday. The following quotations have been received by Messrs. 8. E. Levy and Co., & the A.O.F.C..

January

December

December January March

Change

0.05

0.11 up 0.05 off

0.15 up 0.05

"

July 16. Closing

July 17,

Opening

New York Cotton:

July

12.98

October

13:16

12.88 12.88 13.09 13.05

December

13.31

18.20 13.19

Closing

12.05 18.05 13.21 18.21 13.34. 18.86

0.07 up

0.05

**

0.05

"

13.33

13.22 13.29

13.37. 18.37

0,04

H

March

13.41

18.32 18.31

13.44 18.44

0.03.

May (1936)

13.49

18.89 18.39

13.52 13.62

0.03

.. Spot

13.25

18.30

New York Silver:

September

46.79

46.50·46.70

October

46.90

47.30

46.95 48.95 46.95 47.25

*. January March May

47.42

47:85

unquoted unquoted

49.61

48.90 48.99.

Total sales:-12 löts. New York Rubber:

July

46.70 46.90 46.85 46.85 47.16 47.16 47.35 47.35 47.88 48.00 48.45 48.56 30 lots.

0.14 0.07

14.55

September October

14.30 14.80 14.82 14.66 14.67 14.94 uinquoted 16.18.

15.04 15.06 15.81 15.11 15.11 15.55 ⚫ 15.84 15.36 Total sales:-808 lots,

14.41 14.41. 14.69 14.70 0.12

0.15 " 14.79 14.79

0.14 o

動

15.05. 15.00

0.12

0.17 0.16

片

Chicago Wheat:

July....

-96%

September December

981⁄4 99%

96% 96% 98 97 4

9934 100

Total sales-41,758,000 bushela

Chicago Corn:

July... September to December

60 61

61 62 684 634 634

61- 61%%%

December

82. 834 83 833%-

B42 85% 85% BL

98% 98% 99%99% 101 101%1% 41,887,000 bushele

·1% up 613% 81% 62% 621N 66 **64% 1% 13,181,000 bushels

8359 88-4 84% 85 86% 66

#

1%

1%

New York Sugar:

July

1.70

September

174

1.69 1.70 1.74 1.74

December

1.81.

1.81 1.81

New York Silk: A

1:15

1.11 1.15 $1.141.16 1.172 1.16 1.17 Total anies48 lots.

Total sales-18,152,000 bushels Winnipeg Wheat:

July October

Total sales:2,000 tons.

July

September

P

Northern corn-belt is cooler and

there have been some showers. The Spring belt is heating up. --

"A continued good demand from the mills for cash wheat explains the spread in prices.

"The prevailing weather and the forecast in the principal cot-

Anglo Javas Sh. $9.50. Anglo Dutch $7.05. Chemors 76 ctx. " Consolidateds $3.90. Java Consolidateda $1.78. Kroewocks 70 eta.. Tanah Merahs $2.00. Tebenge 68 cta. Ziangber 89.15.

ton-areas is bullish, but increas Is It Insured? ?

ing profit-taking is to be expected

on all advances.

"Brokers' Loans for the week

amounted to $17,751,000,000,

"The distant outlook is bullish and we recommend buying on set- backs."-Reuter.

E. A. Pierce Co.'s Report

Insurance All Cinzien

LOWEST RATES..............

American Asiatic Underwriters

Fed. Ino, U.S.A

Head Office

In their market report. the 17, The Band,

off American Oriental Finance Co Shanghai

pdration, correspondents for Meżuru.

E. A. Pierce and Company, New

York, state:

General Agents

H.K. Ofico. Asia Life Building

Tel. 80294.

15.14 15.14 15.37. 15.89 410 Jota,

11⁄2 up 1%

1.68 1.68 0.02 off 1.731.78

0.01 0.01. " 1.80 180 10,000 tons.

114134 1.16 1.16% 117 118 82 lata.

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 RICHANGE, INC. CHICAGO: BOARD OF TRADE

CORRESPONDENTS. FOR WHITE, WELD & CO., NEW YORK

7-ICE HOUSE STREET, HONG KONG

Tel. 80101 and 30108

Tel Address: Balco

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