1934-07-20 — Page 6

6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorland Capital

Imund and Fully Folding

Bassera Fonds:-

Staller...

£6,10,999

Bitter $18, PW,UN

$30,000,000

000000

Bassera latility of Proprietors$20,000,000

HEAD OFFICE: RONOKOSO.

BOARD OF DIRECTORS.

Hon. Mr. C. (1.-8. Machin

Chairman,

A. B. Daiwell Eng Dapaty Chalem 72.

13. Bilskin. Ewa.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Rayal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Liability of Fro-

→

.£3,000,000 .£3,000,000

THE CHINA MAIL, FRIDAY, JULY 20, 1934

Commerce and Finance.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

BANK CLEARING

PRINCIPLE.

3,000,000 The following is the list of local Weekly Increase Shown.

share quotations issued to-day:

Agencies and Branches:

Нарант

Reserve Fund

prietors

Alor Br

Ampl

Hollo Ipot

Наем

Haughol

Karachi

Beranang

listavia

Klang

Hattier

Hon. Mr. W. 11. Hall.

4. B. Comptas, Fug, -

B. b. Morris, Eng.

Bambay

Holm

Shanghai

Calcutta

Honta

Kingsport

.. Korwich, E.

Cautor

Lampe

[F

0.0. Knight, Paq,

Compare

Kuching

Frausys

Cebu

Medras

Taiping

Color be

Manda

Tintin

T-MI

Madan

Tongkub

Haiphong

New York

(Binder)

Pelping

***ligter)

Yokohama

Jeneng

-2b24

AWOY

BANGKOK

BATAVIA

BUHAY

CALCUTTA

CANTOS

OHERM

COLOSIBO

DATHEN

FOOCHOW HAIPHONG

BANKOW HAMIN

BONGKEW

110110

iPoll

JOHONE

KOBE

KOWLOON

T. F. Pearce, Faq

V. M. Oraykute, Eng.

Chief Mənager.

BRANCHES

LONDON

LYONS

MALACCA

MANILA,

226AM (Jubare)

MIEDEN

-SEW YORK

PEITISA

PENASA

BANGIN

SARION

SAN FRANCISCO

KUALA LUMPUR

SANGHAL

SINGAPORE

YOURMIAYA

SUNGE PATANI

THENESIN

TOKYO

TSINGTAO

YOKOHAMA

Curreal Arpened in Lora! Currey

Tenberg

Haulow

Harbi

Ilang Kont

Försign Exelanga and Oederal Teaking business transacted.

Gaunt, Accounts agrard, sud Poxed Depnelte troelsel far, ona gent de shorter periods at rals which will be qualed na applicatima.

W. H. R. THOMAS,"

Acting Manager. Hong Kong, 20th February, 1934.

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong.

Authorised Capital Paid-up Capital

But Fized Deweils received ca r Total Resources. short perila in Seal Company and anterns which will be puned an application,

Hong Kong, 15 April, 1924.

$11,000,000 8,656,000 32,170,492 Branches: Canton. Toishan, Shanghai, Hankow, Bangkok & San Francisco, London Bankers; Lloyds Bank, Ltd.,

Foreign Exchange and business of every discription trans-]

HONG KONG SAVINGS BANK. jacted.

The Business of the elora Bank is conduct.

ed by the HONG KONG AND SUANGHAI BANKING CORPORATION.

oblin 9 appltrali

Hay be

POR THE JONG KONG AND SHANORAL DASHING CORPORATION

V. M. GRAYBURN,

hief Manager,

Hong Kong. Yah Fehrany, 1934,

THE BANK OF EAST ASIA, LTD.

Authorleef. Copiltal

Paid-up Capi

Rol Unded

$10,000,pon.ne .. 15,308,600.

$2,474,000.0

READ OFFICE HONG RONO

14. Das flood fentral,

BOARD OF DIRECTORA : —

Sur Stay Chow, Chairmat

Lion Chan, E, F. R. Krok, Fag.. W500K

Banking

Current Accounts opened and Fixed] Deposita received for one

year or shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOR PORNO SHAN,

Chiat Mangas.

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

OUR

Deposit them in a Vault

that is really: FIREPROOF BURGLAR-PROOF

DAMP PROOF!

SAFE DEPOSIT VAULT located on the Mezzanine Floor of

Yon Tang. Reg. Chen Chang Khek, Fan, là Lan Our Now building is Specially Con-) Bang, Fat Weg Chu San Tan and Ban Ting structed to provide all of these Im- Pa, P.

Kan Tong Pa Exc. Clief Mounger,

Fak. Egy. Manger.

BRANCHES AND ACRNCIES-

Acnoy

Manita

Brottle

Batris

31-

Bering

Nagaank

Semarang Khanghai

Catcntia

New York

Canton

Own

Ep

Surko

Taskow

Dating

Fanol!

PAPASIN

Kobr

Rangnesi

Kowlo

Saigon

Txurdon

San Franglare

Bingapore болтава у Swalow bydney Taikoko - Tertain

Thira

ANZUEST

Yokohama

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- tal,

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

THE

Panty description of Banking and Exchange AMERICAN EXPRESS COMPANY, business incearted. Tram grated on approved

rikten.

Cermal Arrunta operied in Ermal Currenes and Pited Brpie cited for ou

תי!

alior part in found and Foreign Cherenrin Entrem which will be quoted on applivation.

Pale Pipot Texas To Lett.

INC.

Head Office:-65, Broadway,

New York

Chiat Maosges,

Flang Keng et March, 10A,

Capital Surplus

$6,000,000.00

Reserves..

2,087,112.69 1.995,528.31

KAN TONG PA,

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Taipeh, Formosa Incorporated by Special Imperial

Charter, 1899.

Central Bank in Formosa Bank Note inaed Average amount... Yes. 45,000,000 On and after August 15th, 1933, the Current rate of Interest on Special Deposit will be at 25% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application.

Maximum rate-1%).

LONDON HANKEI

Barclays Bank, f.td., Lloyd. Dank, Lid Brilland Bank, Ltd., Wretininster Bank, Lid.

The Bank has Correspondents in all the principal Commercial Cesires throughout the warld..

HONG KONG BRANCH:

Y. OHNO,

Manager.

Dr V Road Centesi. Hong Kong, December 24, 1932.

Amaterdor Antmer?

Athos AMULD

Flania Berlin Boroka

Armes Прок

Caira

Calcutta MELTON

BRANCHES:-

Gende illasson Bedon Hauburg

fleidelberg Enter: ken Jetup: Londra

Liverpool-

Видаля tzor

Mexico City Nice "Naples

Гільена Pari

Peiplog Palermo Rotherdars Ilum Shanghet Southampton Singapore

Tientsin Tancusi

fiviera

Colomba Copenhagen Boblin

Monte Carl Edinburgh Stanila Flotenes Hunter

Hontrrus $12

Barsellion

Vienne

Vanice Yokohama Zurich

Branches of American Express Com-

of in Principal cities United pany States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Persona 1 investment accounts handfed,

The Company offers to intending

THE YOKOHAMA SPECIE BANK Travelers the use of its "Travelers

LIMITED.

Established 1880

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

Yen.122,750,000 |

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Fengtlen (Mukden) Rio Je Jeneira

Cheques" and Letters of Credit and. in addition, the world-wide services of Its thoroughly equipped Travel De- partment.

G. H. BENSON,

General Manager.

Banks.

H.K. Bank $1790 b.

H.K. Bank (London) $137 n.

n.

Chartered Bank £16 n. Mercantile Bank, A. & B £30 Mercantile Bank C, 13% n. Bank of East Asia $84 n. Am: O. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. 85 n.

Insurances.

Canton Ins., $290 n. Union Ins., $535 b.

China Underwriters, $1.20 b. China Fire Ins.. $510 n. H.K. Fire Ins., $230 b. international Assce. $—

Shipping.

Douglas, $41.15 m. H.K. Steamboats, `$7 n. Indo-Chinas (Pref.), $30 ¤. Indo-Chinas (Def.), $33 m. Shell (Bearer), $40/10% n. Union Waterboats, $12% n.

Mining.

SPECIAL TO CHINA MAIL..

NEW YORK STOCK EXCHANGE

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

New York, Yesterday. The following quotations from Now York have been received by Mezars. S. E. Lovy and the American Oriental Finance Corporation,

SITUATION

“UNCHANGED ON

WALL STREET

BONDS REGISTER NEW ADVANCE,

́SILVER MARKET STEADY

New York, To-day.

NEW ADVERTISEMENTS PUBLIC AUCTION.

?THE Undersigned · have received instructions to sell by Publiq

Auction

.ON

FRIDAY, 27th July, 1934, commencing at 5.15 p.m.

at their Sales Room,

4, Duddall Streat.

POSTAGE STAMPS

Lant Close Opening Noon There was very little change ou A VALUABLE COLLECTION OF N.Y./London 5.03% 5.04% 6.04% the New York stock market yes Cotton Oct.. 13.26 13,25 13.16

Dec.

13.37 *** 13.39

terday, while the conditions 15.31 Silver Sept., 47.00.

the silver market were also v Dec.

.47.30

changed. Re-Silk Dec. 11.07

(By Telegraph. Copyright, Telegra- ikio Messages Ordinance, 1894, ceived July 20, 920 m.)

New York, To-day. Mesara. Dun and Bradstreet staté that the bank clearing principle in United States cities for the week ended, July 18, was U.S.$5,163,287,-) 000, as compared with U.S.$5,584, Wheat 276,000 for the corresponding week

Oct......

of last year, but was U.S.$414,- STOCKS: 644,000 above the preceding week. Amer Smelt Anac Copper United Press, per S. E. Levy and Anburn .... Company

EXCHANGES.

TO-DAY'S QUOTATIONE.

On London-

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

sight

N.Y. Central

on comprising:

Fine British Colonies, Old Europe, Central and South America, etc., etc. etc.

Industrials. rails and utilities were down 1.02, 46 and 25 to 97.24, 42.11 and 22.51, respective-July, 1934. 1.01% ly, while bonds advanced 14 to 1.02% 35.37. The commodity index was

י.

On View from Thursday the 26th

Terms: Cash on Delivory.

LAMMERT BROS, + Auctioneers.

up .23 to 59.74. 5. E. Levy And Company's Report

Hong Kong, 20th July, 1934, In their market report, blessrs. 86% S. E. Levy and Company, corres-crop was also a factor. Profit-tak-

pondents "for Messrs. White. Welding caused a reaction, Commission. and Company, New York, atate:

The houses bought on setbacks. "Stocks: There has been very Kansas City market is hesitating. little change and the market "Cotton: Prices broke sharply seems to be waiting more clarif-under heavy long selling, catching cation of the general business si stoploss orders, which were due to While there has been rumours of unfavourable political tuation. some relief owing to the lifting of development in Germany which were 31 the General Strike on the Pacific later denied. The decline was also Coast, a general feeling of uncer-aided by private reports of possible tainty is still apparent.

showers in some sections of Texas.

324

40.75 47.05

1.16 b

Rubber Sept. 14.94

Dec.

15,08

15.34

15.40

C. Wheat

Sept.

1.00%

Deci

C. Corn

Sept.

1.01%%%

63%

Dec.

65%----

804

69% 86%

424

41%

144

13

23

Balt & Ohio

3.. Г. Све ..

21% 57

21% 52

Con Gas

N..Y.....

3215

Du Pont ...

924

92

El Bo & Sh

14

144

Gen Motors

32

In Tel &

Tel McIntyre

12%

1214

49

49

JM. Ward.. Net Distill.

2874

28%

2014 2

2014

27%

Soc-Veruum

15%

15%, 44%

1/634

Stan Oil N.

On New York-- On demand

J.

444

44%

445%

37

1th Aircraft

17 17

Credits 60 days'

Bight

U.S. Steel

39%

16% 392

West E & M. 362 36%

383%

36%

London Quotations

Bengutt Exploration 18 cts: b, 21 On Paris

On demand

560-

Credits 4 mouths'

sight

6921⁄2

On India-

don were received last night between the hours of 5.30 p.m. and 10.30 p.m.

Last Clone London Silver Spot 20-9/16 and For- ward 20-11/16.

On T.T. and demand 97%

India bought.

China sold.

Du Shanghat--

ness small.

On demand ....... 110

London Gold 138/-.

(Continued on Page 7)

123%

On demand

79%

LOCAL DOLLAR STEADY.

On Singapore-

On demand....... 82

On Batavia-

On demand

544

On Saigon-

56

1264

:

1/64 20 7/16

Antamoks. $63 b. Balatocs. $321⁄2 b. Baguio Gold, 42 cts .

Benguet Consolidated $32 n.

cts. 8.

Benguet Goldfield, 20 ets, m Big Wedge, 12 cts. n.

Gold Creek, $2 n.

Ipo Mining $2% b.

Itogone $5 n.

Kailan, $18/9 n.

Langkats (Single) Sh. $21 n.

S'hai Exploration, Sh. $5 m. S'hal Loans. $6 n. Ranks, $13 n.

Venx: Goldfleld, $7 n.

Docks, etc.

H.K. Wharves $108 b. H.K. Docks, $12 n. Providents (old) $1.60 b. Providents (new), $60 cta, n. Hongkewa, (old) Sh. $3221⁄2 n. Hongkers, (new) Sh, $320 n. New Engineerings, Sh. $5 n. Shanghai Docke, Sh. $131 n.

Cotton Mills.

Ewo Cottons, Sh. $11.35 b. S'hai Cottong (old), Sh. $73%1⁄2 n. S'hai Cottons (new), Sh. $421⁄2 n. Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $63 s.

Lands, Hotels, etc.

H. and S. Hotels $5.65 n. H.K. Lands, $58 b.

S'hai Lands, Sh. $251⁄2 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10% n.

H.K. Realties, $51⁄2 n. Asia Realtics "A": Sh. $140 n. Asia Realties "B" Sh.$20 m. Chinese Estates, $86% b. China Realties, Sh. $15. China Debentures, Sh. $137 n.

Public Utilities,

H.K. Tramways $21 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $102% n. Yaumati Ferries, $214 b. C. Light (old) $8.65 b. C. Light (new) $8.35 sa. H.K. Electrics $71% 88. Macao Electrics, $25 D. Sandakan Lights, $8 n.

Telephone (old)' $24% b., $25 ea. Telephone (new), $12 n.. S'pore Tractions, 5/- n. China Buses Sh. $13.20 n.

Singapore Pref., $17/- b.

Industriale.

Malabon Sugara, $12 n. Cald: Macg. (ord), Sh. $81 p. Cald: Macg. (Pre£), Sh.8191⁄4n.' Canton Ices, $2.70 m. Cements $2.60 b..

H.K. Hopes, $41⁄2 n.

.

Stores, etc.

Is It Insured? ? Dairy Farms $25.85 b., $26.15 8.

Insurance All Classes LOWEST RATES

American Asiatic Underwriters

Fed. Ino, U.S.A‚· General Agents

Nagusak

Nagoya

New York

Bombay

Oszka

Calcutta

Paris

Canton

Peiping

Dairen (Delay)

Rangoon

Hamburg

Sun

Sun Francisco

Hankow

Seattle

Harbin

Hong Kong

Semarang

Shanghal

Soczabaya

Singapore

Sydney

Head Office 17, The Bund,

Shanghai.

Tientsin

Tokyo

Tsingtau

Yingkow

Honolulu

Hainking Karsch?

Los Angeles

Kobe London

Mantia

Moji

Interast allowed on rent Ac-

Deposits received for fixed perioda at rates to be obtained on application

O KISHINAMI;s

Manager.

II.K. Office Asla 'Life Büllding

Tel. 30234

Bring Your PRINTING Problems to Us

THE NEWSPAPER ENTERPRISE LTD.

Watsons $5.40 n..

Der. A. Wings, $1 n. Lane, Crawfords, $4.30 n. Mackintosha, $21 n Sinceres $10.60 n. Wm: Fowells: 70 eta, n. Wing On (H.K.) $108

Miscellaneous.

n.

H.K. Amusements, $4 n. Entertainments, $71⁄2 n. S.C. Enterprises, 85 h., cts. n. United Theatres, Sh. 32 n. Macao "Greyhounds," $2 n. Construction (old) $1.60 5., Constructions (new) 75 cta; b. H.K. Govt. Loans, $8%% prem. Wallace Harpers $749. Ch. Govt. 6% 1925 G$Bds

$874%. n. Gold River 24 cts. b.

Govt. Loan 1%

On Japan:-

On demand

On Manila-

On demand

On Bangkok...

On demand Sovereigns bank buy-

ing rate

ROM.

nom.

Bur Silver per oz. Bar Silver in Hong

Kong Copper Cash Copper Cents Rate of Native Interest 8% p.a. Chinese Sub. Cain ... 29% dis. Hong Kong Sub. Cun per.

1% prem.

"Bonds -High-grade issues are Later, the market recovered about unchanged, but the trend is behalf of its losses on a broader Trado ginning to take an upward turn-demand and on speculative pur The market for second-grades is chases, easier.

"Silver: Scattered liquidation of "Cotton:-There have been some July option was absorbed by bank- technical reactions and the mar-ing interests at prices in line with ket is likely to show further irre- lower cables from abroad. There

The following quotations from Lon-gularity and temporary easiness. seems to be no desire on the part We believe that purchases are ad-of speculators to liquidate or to as- visable on any further sharp de-sume new positions. cline.

"Brokers' loans have decreased by "Silver:-Conditions on the sil-$28,000,000.!

Busiver market are unchanged.

Silver Prices Decline.

Night Telegrams "Rubber-Prices are arm. Con- The following telegram was re- siderable buying by the Trade ceived from New York during the combined with local speculative night. buying kept the market steady.

"The rally yesterday was fairly We would recommend buying on broad, but not wholly conclusive. jany dips.

Labour's co-operation is needed for "Wheat:-While offeringan-a recovery in the heavy industries. crease on bulges, statistics and "There were no sales in the silver weather conditions remain bullish market. There was a small amount and purchases are recommended of bank bidding.

The local dollar remains steady, on any easy spots. December "The "cotton market is meeting {opening on demand this morning at prices, for old crep wheat, are with more cotton, at around these 11/5%.

from 102-7/8 to 102-3/4"

levels, but the tone is steady."- Spot and forward silver have deiļ Night Telegrams Router clined, closing prices yesterday! The following telegrams were 194 Latest Quotations being 20 7/16 and 20 9/16, respec- received in the nights.

The following quotations have tively.

"Cotton: In the Eastern sec been received through Messrs. S. E. The London on New York cross-tion of the belt there was local Levy and Company and the Ameri rate, which closed on Wednesday at heavy rain, which was not requir can Oriental Finance Corpora

U.S.$5.03% closing yesterday at ed. In the Western and Central Hon: £-U.S.$5.04%, while the London on sections the drought was most

New York, Yesterday. New York rate closed at £-U.S.$5,-Intense and wide-spread and there 04%, as compared with £-U.S.$5.04% are no signs of relief. Iyesterday.

LATEST QUOTATIONS

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

IN.Y./London

"Grain:-Torridity is spreading| Cross-Rate

Last To-day's

close closa

5.03% 5.04%

13.30 13.26

Ja the grain belts and drought N.Y. Cotton-Dec. conditions are intensifying. There N.Y. Silver-Sent. .. 47.00 48.70 47.30 47.20 N.Y. Rubber-Dec. 15.34 15.42 Chic Wheat--Dec

..101% 1024

-Reuter.

recommends a very early switch." 30 Industrials 98.26 97.24 1.02 off 20 Rails ... 42.57 42.11 0.46 off (20 Utilities. 22.76 22.51 0.25 of 140 Bonds...

95.23 85.37 0.14 up

- E. A. Pierce Co.'s Report.

In their market, report. the 11 Commodity American Oriental Finance. -Cor-] Index paration, correspondents for Messrs.

18 LEADING STOCKE Amer. Can

E. A. Pierce and Company, New Amer. Smelting York, state:

is not the slightest sign of gen Dec. eral relief.

"1.48

p.m. from New Cotton looks lower.

York-Chic Corn-Dec. 65%

80%

July 18. Closing

July 18,

Opening

Closing

New York Cotton: July

13.12

October

13.26

December

13.39

13.37 13.39

13.13 13.13 13.00 13.00 18.25 13.26

18.14 13.15 13.24 13.28

Change

0.12 of 0.11

1

switched to new

crop without} commission' or tax. Mr. Bennet

N.Y. Silver (business "1.16 a.m. from New York done price) ***** 48% The Board of Trade rules that San Fran. Silver (busi

ness done price) 46% December old crop wheat can be

(Dow Jones Avg.)

Last To-day's Aves. Aver. Change

465%

463

0.13

January

13.41

13.41 19.42 13.27 19.27

0.14

W

March

13.49

13.52 13.52

13.36 18.37

0.12

St

May (1935)

13.58

13.60 13.61

13.45 18.45

0.13

Spot

13.35

13.25

0.10

T

New York Silver:

September

47.00

46.60.46.85

46.70 46.70

0.80

門

October

47.03

46.90 47.15

December

47.30

47.05 47.40

46.90 46.90 0.13 47.20 47.20 0.10

January

47.52

...unquoted

47.40 47.40

0.12

March May

48.20

47.89 .47.89 48.50 48.49 48.49* Total sales:-10 lota

47.80 47.80 48.35 48.35 10 lots

0.40 0.15

2

New York Rubber:

July September October

14.70

14.94

15.07

14.76 14:75 15,08 15.06 unquoted

December

January March

15.34 15.48 15:50. 15.45 15.57 15.57 15.69 16.85 16.86

Total sales:-449 lots. Chicago Wheat:

July

14.76 14.76

0.06 up 15.00 - 15.02 0.08 15.13 15.18 0:06 15.37 15.42

0.08 ". 16.55 15.55 0.10 15.73 15.76 0.07 599 lots.

H

984

991 994

0% up

September

100%

December

101 101 102 1022

101 10

Total sales--57,059,000 bushels

Chicago Corn:

July

61% unquoted 63% 68% 63% 65% 66 66% Total sales-29,725,000 bashels

September

*December

Winnipeg Wheat:

July

October December

99% 99%- 101 101% 1 1027% 1024 0% 38,718,000 bushels

61% 62% 0% op 63% 68% 014 66% 66% 19,080,000 bushels

86% 86% 1% up 87% 87% 1% 83% 89 12

85% 86% 86% 8614 87% 87 8714

-88 89

New York Bugar:

July

September

.-1.66 1.71

1.66 1.66 1.70 1.70

December

1.79

1.78 1.78

1.6G 1.68 0.02 up 1.72 1.72 0.01 1.79 1.79 unchanged

14,000 tons.

New York Silk:

n.

Total sales:11,000 tons.

*July

1:15. 1.12 1.12 September,.. 1:16 115 116 December 1.17 1.16 1.18

Total sales:48 lots.

Metals:

Copper, Oct. Tio, Oct.

6.76 61.60

1.10% 1.10% 1.141.15 1.18 1.17 91 lota, u

6.75 51.55

0.04% off

0.01 0.00% up

Amer, Tel Tel

59:51 59.47 0.23 up

100%

40%

113%

225

50%

91

18%

31%

12*

48

28

24%

15%

117%

15%

39

35%

"Stocks: Rumours were afloat to-Auburn day that during the next few months J. I. Case

Du Pont the Administration will lean to-

Elec Bond & Share wards a conservative monetary pro- General Motors gramme. We think this caused the Int Tel & Tel weakness of metal shares. Other Molntyre Porcupine wise, the market seemed fundamen. Montgomery Ward

Nat Distillers tally unchanged.

N.Y. Central "Wheat: The market is firm.Socony Vacuum Cables from abroad continue, strong. Union Pacific The Winnipeg market is gaining US Steel

United Aircraft strength due to crop exports. The Westinghouse E. & M.

low estimate of the Saskatchewan Business done: 610,000 shares.

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: 30101 and. 80108

Tel Address: Selco!