1934-07-31 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authori-vă Pepetal Isued vid Fully Paid-up Bawarra Fundez-

350,500,000

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

.........10,000,000Incorporated by Royal Charter, 1858.

HEAD OFFICE: HONOSONG.

BOARD OF DIRECTORS,

Hon. Ma, 0. a. Mackle

A. . Dodwell, Esq.

Deputy Chairman.

Ci. Mulin, Esq.

HEAD OFFICE: LONDON.

Alozi

*£5,500,000

Biler

$1,990.003

Beverse

ability of Imprietare $20,000,000

Paid-up Capital

.£3,000,000

Reserve Fund

Reserve Llability of Pro-

prietors

・・・ £3,000,000

.£3,000,000

Agencies and Branches:

Alor Star

Ilolla

Hangon

Amritsar

Ipph

Belgi

Hangink

Kenchl

Narang

Hum Me, Y. 1, Bell

Batala

Seremban

4. 13. Compton, Engi

6. . Sturri, Esq.

Bomber

Ков

Shanghai

, J. Kone. Baj

T. F. Ponce, Bay.

Calcula

Hul

Blugare

0,0 Baght, Bay.

Canico

Twapur

Bitdawan

Cawnpore Cebu

Fucking

Pourabaya

Hadres

Taiping

Colombo

Thenizl

Del61

dan

Toaghah

New York

fisker!

Peipi

2 ingin

Ping

Yokohama

血

Zamboanga

BANGHOR

AMIY

DATAVEN

BOMBAY

CANTON OBERO ВЕЛИКУ

DAINES

CALGUITA

YOOCHOW HAIPHONG

HAHBURG

HASEOW

BARISIN

HONGKEW

DAILO

[Poll JOUOH

KOWLOON

V. M. Grayltura, Esq.

Culat Man.

BRANCHES 2—

LONDON

LEAS MALACCA MANILA

31A (Fokore)

FIDEN

NEW YORK

PEPINO

PANASO

RANDOON

SAIGON

SAN PRANCISCO

KUALA LUMPUR

SHANURAT

KISHAPONE

RAIFA YA

KUNDEI PATANI TIENTSIN

TOKYO TRINGTAO YOROTEASA

Cutest Apronnie opened in local Currency And Film Deposita feraired for and fake OF Whester periods in Local Company and Starling un jar which will be quoted on appleston. Hong Kong 13 Apr, 19

Haishant

Flambor (Tankow

Harbin

Bors Cont

Exchange and General Banking bunĺtemas.

Kragandlad.

Curreal Accounts speurd anal Phund Depoełła, recaled for one year or wharter prints at sales which wiit de quinted ■patication.

W. H. E. THOMAS,

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

THE BANK OF CANTON, LTD.

Established 1912.

Head Office: Hong Kong. Authorised Capital $11,000,000)

8,655,000 Paid-up Capital

92,170,492 Total Resources Branches: Canton, Toishan, Shanghal,, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Banking Foreign Exchange and

HONG KONG SAVINGS BANK. business of every discription trans-

-The-Divers of jhe ebote Bank

acted.

Current Accounts opened and Fixed

od by the HONG KONG ANTI ETANGHALposits received for one year or

BANKING CORPORATION,

obtained appllention.

tules may be

FOR THE TONG KONG AND SHANQUAL RASKING CORPORATION

V. M. GRAYBURN,

Chin Maungat,

Blog Kang 26th February, 1994.

THE BANK OF EAST ASIA, LTD.

Authamim] Capital ap Paid-up Capital

$10,000,000.58

Brand Undivided Prodia. 2,484,000.00

HEAD OFFICE:-HOKO KONO

12. Den Vaux Hood Centrel.

BOARD OF DIRECTORS;-

Sir Sitou-on the, Chairs

Koon P. K. Kwok,

Ian Tour, Pag. Chan Ching

Wonk

ahorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK TOONG SHAN,

Chist Manager.

SAFETY FIRST! To Safeguard Your Valuable

and Jewelleries. Deposit them in a Vauit that is really: FIRE PROOF BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor of Our New building is Specially Con

Hang, Fal Wing Chu Hon, Eng. and Kan Ying structed to provide all of these Im-

Вну

Balavix

Bondy

Cali

Tag Ps. Eng.. Chlet Hansgr

Tom Fong. Eng. Manager.

www.c

BRANCHES AND ADENCIES

Manita

116! Burim

Sara-akt New York

Daska

Parla

Priping

Seattle

Semarang Shanghai Blogipan hourabaya Slow

Thoku

Canon Taiphon Haokow

bydney

El

EX

Kobe

Rangoo

Tisslein

Kaminon

Balgon

Tokyo

Land

San Francisco

Vancouver

Votokame

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

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

THE

Kracy dearription of leaking and Exchange AMERICAN EXPRESS COMPANY,

Lowns muited on approved?

bene transarted.

||

Correal Accounts opened v

Currency

wid Fixed Deposit reived for one your or shorter priol in Loral and Foreign Currencies. en farm which will be quoted on application.

Hafe Depot Jotes To It.

XAN TOM PO.

INC.

Head Office:65, Broadway,

Chlef Manager,

Ton Eng. March, 1954,

Capital Surplus Reserves

New York

$8,000,000,00

2,087,112,69

1,995,528.31

Logano

THE CHINA MAIL, TUESDAY, JULY 31, 1934.

and

Commerce

Finance

LOCAL SHARES.

TO-DAY'S QUOTATIONS, The following is the list of local share quotations issued to-day:

Hanks.

H.K. Bank, $1815 n.

H.K. Bank (London), $134 n. Chartered Bank £16 n. Mercantile Bank, A. & B £31 n. Mercantile Bank C, £13% n. Bank of East Asia, $84 b. Am: 0. Finance Corp., Sh. $20 n. China O. Fin. Ord. Sh. $4 n. China O. Fin. Pref. Sh. $5 n.

Insurances.

Canton Ins $288 b. Union Ins., $640 b.

China Underwriters, $.20 b. China Fire Ins., $510 n. H.K. Fire Ins.. $250 n. International Assce. $6 n.

Shipping.

Douglases, $41.15 . H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $38.a. Shell (Beurer), $45/71⁄21⁄2-n. Union Waterboats, $13.10 .

Mining.

Antamoka, 03 cts. n. Balatoes. $322.b. Baguin Gold 44 cts. b. Benguet Consolidated $35% b. Benguet Exploration 19 cts. b. Benguet Goldfield, 20 cta. a. Big Wedge, 12 cts. n.. Gold Creek, $2 n.

Ipo Mining 52% n.

Itogons $5 n.

Kailan, $18/9 n.

Langkats (Single) Sh. $21 :

S'hal Exploration, Sh. $5 h.

S'hal Loans, $61⁄2 n.

Kaubs, $13 b.

Venx: Goldfield, $7 a.

Docks, etc.

*

NEW YORK STOCK EXCHANGE

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

New York, Yesterday.

LOCAL DOLLAR: STEADY.

Silver Prices Advance.

The local dollar remains steady, opening on demand this morning at 1/5%.

Spot and forward silver prices have advanced 1/16, closing prices yesterday being 20 3/16 and “20′ 5/16, respectively.

WALL STREET

NOW WATCHING

WASHINGTON

UTILITIES & BONDS RALLY.

C

SILVER RULES QUIET

New York, To-day.

NEW ADVERTISEMENTS

NOTICE.

LLOYD TRIESTINO TRANSFER OF AGENCIES

W

IXTE HEREBY GIVE NOTICE that the Agencies of the "Lloyd Triestino", "Cosulich" and' Market interest now. centres on "Italia" Lines previously held hy The London on New York crossj rate, which closed on Saturday at the moves likely to be made at us in Hong Kong will be handed sustain business, over on 1st August to Mr. E. F. £-U.S.$5.08%; closed yesterday at Washington to

the New The silver market remains quiet. SOPRANI, the Agent appointed by -U.S.$6.08%. while

Industrials and rails yesterday

DODWELL & CO., LTD.

The following quotations from New York on London rate closed at York have been received by Messrs. £ US$5.03%, as compared with declined 55 and 31 to 88.17 and 85.16, respectively, while utilities S. E. Levy and the American "Orienta)|£—U.S.$6,03% on Saturday. : Finance Corporation.

•

N.Y./London Cotton Oct. Dec... Silver Sept

Dec.

Last

Cload Opening Noon 6.04 6.03% 6.03. 12.94. 12.98 13.02. 13.05 13.13 · 13.16 .. 46.03

EXCHANGES.

TO-DAY'S QUOTATIONS.

On T.T. and demand 1/5%

"Ois London-

46.10

40.20

46.25

..Silk Dec.

1.12

1.11b

4 months* sight 1/5%

Rubber Sept.

14.43

14.69

Credits 4 months'

Det.

14.81

15,06

sight

1/64

C. Wheat Sept. 101%

10134

On New York---

Dec.

103

103%

C. Corn Sept: 68%

70%

On demand

36

Dec.

71%

73%

Credits 60 days'

Wheat Oct. B74

88%

sight

38%

STOCKS:-

On Paris-

Amer Smelt

32%

3132

On demand

557%

Anac Capper,1%

10%

Auburn

17,

17

Credits 4 months'

Balt & Ohio

15%

14%

sight

590

J.I. Case...

37

87

On India-

Con Gus N.Y.. 27%

27

Du Pont

... 864/ El Bo & Sh.. 1144 Gen Motors ... 26% Int Tel & Tel. 9 McIntyre .... 4514 Mont-Ward- 23- Kat Distill

... 18 N.Y. Central 20% 20% Soe-Vacuum 13%

86%

84%

On TT. and demand 96% On Shanghai-

(1/4

11

On demand

110

26

0%

84

On Japan:-

43%

On demand

122

-22-

On Manila-

18

17%

On demand

734

20

14

13%

On Singapore-

Stan Oll N.J. . 41%%% Un Aircraft 15

41

404

On demand ..............

62%

15

14

On Batavia-

34%

344

On demand..... 54

20

On Saigon-

On demand

554

On Bangkok-

On demand [Sovereigna bank buy-

127%

U.S: Steel .. 35 West E & M . 294

London PriceN,

The following quotations from Lon- don were received last night between 15.30 p.m. and 10.30 p.m.

London Silver:—

Last Close. London Silver Spot 20-1/8 and For ward 20-1/4.

China Bold. Business small.

London Gold 138/02. London/New York Rate 6.03-3/4 p.m. rate),

Speculators bought.

ing rate

1/6% Bar Silver per oz. ... 20 3/16 Bar Silver in Hong

Kong. Copper Cash

(2 Copper Cents

Liverpool Cotton-Ock 6.78 (1 p. Liverpool Wheat Oct. 5/7-1/8 (1 p.m. price).

H.K. Wharres, $112 b.. $111/12 n. price). H.K. Docks, $12 b.

Providents (old) $1.60 b. Providenta (new), 350 cts. n. Hongkews, (eld) Sh. $3121⁄2 n. Hongkowa, (new) Sh. $910 n. New Engineeringe, Sh. $5 n. S'hai Docks, Sh. $1251⁄2 n.

Cotton Mills.

Ewes Cottons, Sh. $11.30 a. S'hal Cottons (old), Sh. $781⁄2 1. S'hai Cottons (new), Sh. $43 n. Zoong Sings, Sh. $11

n.

Wing On Textiles, Sh.$83 a.

Lands, Hotels, etc.

H. and S. Hotels, $5.65 b.

(H.K. Lands, $573⁄41⁄4 sa.

S'hai Lands, Sh. $25% ¤.

London Rubber-Oct-Dee, 7-3/16 buyers, 7-1/4 sellers-Opening.

Lack Record. London Silver Spot 20-3/16 and Fer- ward 20-5/16.

China sold. Speculators bought, Business small.

London Gold 138/0.

London/New York Rate 5.03-13/16 p.m. rate).

(2)

nom.

tom.

1% prem.

Rate of Native Interest 3% p.a. Chinese, Sub. Coin. 29%% dis. Hong Kong Sub. Coln par.

London Rubber-Oct-Dec. buyers-Noon Market steady.

American Markets London Forecast 'Or

7-3/4

In the absence of any unfavourable developments, Wall Street is expected

Trieste.

and bonds improved..02 and 18 HEREBY GIVE NOTICE that I to 19.88 and 93.76, respectively.1 am opening on the 1st August The commodity index closed at a Branch Office of the Lloyd Tries. 59.99.

tino, and taking over the Agencies

S. E. Levy And Company's Report of the "Italia" and

"Cosulich"

In their market report. Messrs. Lines, previously held by Messrs. S. & Levy and Company, corres-Dodwell & Co., Ltd. in Hong Kong. Dondents for Mesars. White. Weld The new offices will be situated at the ground floor of Queen's Build- and Company, New York, state:

Jing, corner of Connaught Road and "Stocka:-With the market gra- Ice House Street.

now

dually gaining equilibrium afterl last week's shocks, interest centres in the possible steps the Administration may take to sus- tain business and counteract the current downward trend. Clarifica- tion along these lines is likely to await the return of the President from holiday. Today's market ahowed that there had been good support of leading stocks, notably telephone issues, during the re- cent period of weakness.

issues

Telegraphic 'DIANO"

Address "LLOY

P. O. Box 143 Telephone 28024

+

LLOYD TRIESTING

*E. F. SOPRANI,'

Agent..

HONG KONG TRAMWAYS,

LIMITED.

NOTICE IS HEREBY GIVEN

that an INTERIM DIVIDEND

"Bonde: High-grade were stagnant and a shade easier. of 50 (fifty) cents per Share has Second-grades were slightly bet-been declared payable on THURS- DAY, 23rd August next, on and iter.

after which date Dividend Warrants "Cotton:-The market is strong may be obtained upon application at and local sentiment is hullish on the Registered Office of the Com- expectation of a bullish

pany, Canal Road East, Bowrington, report and in the absence of any

Hong Kong. effect of the relief in the drought

NOTICE IS HEREBY ALSO situation in the South-West. We

GIVEN that the REGISTER of belleve that cotton can be bought MEMBERS of the Company will be as a trading turn for the next closed from THURSDAY, 9th, to few days.

Bureau

WEDNESDAY, 22nd August, 1934. "Silver: The market is quiet, both days inclusive.

with no special feature {dence.

in evi.

By Order of the Board, W. F. SIMMONS,

Secretary.

Hong Kong, 31st July, 1934,

A. Pierce and Company, New

"Rubber-Prices are Arm. Re newed speculative and local buy- ing held the market well. In view of the continued heavy accumula. tion in London, we feel that this markat is due for a move higher and purchases are recommended on minor recessions.

"Wheat:--The market is strong, of prices..

York, state:

"Stocks: The disposition of the market is to expect a narrow range.

There is a generally

to open firm, prices being stimulated but we would be inclined to take somewhat more friendly feeling in by short covering.

profits on further bulges, believing metals and a decent rally in raila The wheat market is expected to that bullish corn reports and poor would help sentiment. open firm and rather higher on ex-weather conditions have already pected smaller estimates of the crop. been considerably discounted.

Higher cotton prices are anticipat-

Liverpool Cotton-Oct. 6.83 (1 p.m. price).

Liverpool Wheat Oct. 5/8 (1 p.m.ed on continued unfavourable weather price),

Rubber Oct.-Dec. London |buyers, 7-1/4 sellers--Opening.

news.

7-1/8

Other markets are anticipated to Lopen steady.

LATEST QUOTATIONS

New York, Yesterday.

"Wheat:. The market is strong on.

a bullish estimate by a local expert,. strong cables from abroad and un- Night Telegram

favourable reports from the grain. were belt. The following telegrama

Prices and general support. received in the night:

on get-backs. "Our Washington Correspon- "Corn: Prices have reached a new dent reports: "War is not imm-high level on the continuation of the nent, but has merely been post drought. poned. The Nazi Party is renew-

“Silver: «Business was practically

The following quotations have been received by Messrs. S. Eing propoganda voluntarily to in confined to last-day trading for July Levy and Co,. & the A.O.F.C.

Change

0.20 up 0.22 0.23

BRANCHES:-

Amsterdam

Ganda

Antwerp Kikana

Glogow

Amusa

Benlac

Be:lla

Lorabay

Dresses

Brussela

Cairo

Tho is gun Karvin Hamborg Havre Heidelberg Interlaken Jamal London

Milan Nice Kaples

Metropolitan Lands, Sh. $14.40 b. Humphreys, $10.40 b.

Piraeus

Paris

Teiping

Paforme

Rotterdam Rome

H.K. Realties, $51⁄2 n. Asia Realtien "A". Sh. $140 n. Asia Healties "B" Sh.$20 n.

July 29. Closing

July 30.

Opening

Khanghal

Chinese Estates, $85 b.

New York Cotton:

October

12.94

12.98 13.02

pol

Lucenio

Southampton Ringspora

Tionlain

Etor

Tornin

Marcille

Vienna

China Realties. Sh, $15 China Debentures, 8h. $137 n.

Public Utilities.

m.

December

13.06

13.13.13.14

Closing

19:13 13.14 13.26 13.27

January

13.08

13.18 13.18

13.31 13:31

March

13.23

Monte Cario

Manila

Vanlee Yokohama Zurich

May

13.30

July

13.36

Spot .......**

13:00

18.29 13.30. 18.43 13.45 13.86 13.34 13.31 13.51 13.38 13.38 13.57 13:57

13.22* * Possible mutilation

0.22

0.21 0.22

J

*

-0.22

New York Silver:

+

September

46.03

46.00 46.45

October

'46.10

unquated

December

46:20

46.25 46.26

January

40.43

Märch

46:90.

unquoted '46:80 47.30

46.16 45.15 46.23 46.28 46.40 46.40 46.60.46.60

0.12 up

0.13 0.20

"J

0.17

"

47.00 47.00

17

0.10

May

47.40

47.00 47.80

Total 'akles:

47.50, 47:50 13 lots

.0.10

#+

New York Rubber:

September

14.48

14.61 14.61

October

December

January March

May

14.57 14:84 14.93 15:18 15.42

14.75 14.75

16.03 15:05.

0.22 14.79.-14.79 .0.22 15.03 15.03 0.19 15.16 15.16 15.15 15.16 0,22 15.39 15:40

14.65 14.65

15,38 15:38

0.20

15.63 15:03

15.65 15.65

0.29

#

Cements, $2.80 b. $2.70 8.

Total salek: Chicago Wheat:

July September December

291 lots

1999%

*101%

103

099% 99%

100% 100%

-1%

101% 101%

*102% 102%

0%

1

Total sales: Chicago Corn:

July

30,269,000 bushels

"

September

661⁄2 *68%

*674 674

68

68 68

69

70 697%

*December

727% 72%

December

March

5)

86

-864-86% 88883% 8734 884 8934 894

174 1.80 1.83

1.73 -1.74

1.74

1.74

873% 873% 11⁄2 up 88% 89 -12 '90% 90% 1%

unchanged

1.81 1.81

1:80 - 180

1.84 185

New Yo

Total sales; Suk:

Sepb

Febru

1.08 1.08 1.08 1121101⁄2 1.12 1.12% 112 112

sales:

THE BANK OF TAIWAN, LTD. (TAIWAN GINKO)

HEAD OFFICE:- Talpeh, Formoss Incorporated by Special Imperial

Charter, 1899,

Charrei Dank la Forss Back-Notes nesand Avaraga amount...Yes. 45,000,00

On and after August 15th, 1993, 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 an application,

Maximum rate-11%).

LONDON LINKERS:

Bardays Hisk, Ld., Loyds Bank, Ľad, Mand Bank, Ltd., Welziale Bank, Ltd. The Bank has Carrespondents in all the principal Commercial Centres throughout the world,

KONG HONG BRANCH:

Y. OHNO,

D, Des Your Bud Central,

Hong Kong, December 3, 1931.

Msongor.

Calcutta Canter Colombo Copenhagen Dublin Edinburgh Porce DEDATA

Munich

Slantreux

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

All classes of Commercial Banking Transactions undertaken.

Persona 1 Investiment accounts: handled.

THE YOKOHAMA SPECIE BANK Travellers the use of its "Travelers

LIMITED.

Established 1880

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

Yen.122,750,000|

Head Ofire:-YOKOHAMA

Branchen and Agencles at: Alexandria

Batavia

Bombay

Canton

Calcutta Dairen (Dalpy)

Fengtien (Mukden) Hamburg

Hankow

Harbin

Hong Hone

Honolulu Hainking Karachi

Nagasaki

New York Osaka Parts :: Pelping Rangoon

de Janeiro San Francisco Beattle

Semarang

Shangha!

Singapore Sperabays

Sydney

Tientsin

Τοκτο

Intersan" "illowed ́on täitrons

geurta. Bar

Deposits received for fasd areriods

at aster to be obtained on application.

C. KISHINAMI

Hong Kong 11th ANI, 1981,

The Company offers to Intanilag

Cheques" and Letters of Credit; mad, in addition, the world-wide services of its thoroughly equipped Travel De- partinent,

Is It

C. H. BENSON,

General Manager.

Insured?. ?

Tásurance AllTM Clauses VANHOU LOWEST BATES American-Asiatic Underwriters Fed. Inc., USA, General Agents

QUICK

PRINTING

SERVICE

H.K. Office MARIA Life Building Tel (80394.

lodern

Plant

H.K. Tramways, $21:30 b Peak Trama (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $1021⁄2 n. Yaumati Ferrieṇ, $213⁄41⁄4 b. C. Light (old) $8.80 b. C. Light (new) $8.45 b. H.K. Electrics, $713⁄41⁄4 b. Macao Electrics, $25 n. Sandakan Lights, $8 n. Telephone (old) $25 s., $241⁄4 na. Telephone (new) ($11:90 n. Chlia: Buses Sh. $18.20 . S'pore Tractions, $5/- n. Singapore "Pref., $17/6 b.

Industrials.

Malabon Sugars, $12 m. Cald: Macg. (ord), Sh. $21 n. Cald: Maog. (Prof.), Sh.8191⁄4n. Canton Ices, $2,70 n.

: H.K. Ropes, $4.60-6.

Stores, etc.

Dáíry Farms, $25.90 b., $28.20 5.

20.20 sa

Watsons, 35% b

Der. A. Wings, $1 n. Lane, Crawfords, $4:30 n. Mackintoshs, $21 x. Sinceres,: $108. - Wm. Powells, 70 éts,*n. Wing On: (HX.) 8108 a.

Miscellaneous.

H.K. Amusements, $4 m. Entertainments. 3715 b. S.C. Enterprises, $1 b.. United Theatres, Sh. 82,n. Macao "Greyhounds," $2 n.. Constructions (old) $1.65 5. Constructions (new), 78 ets. b. H.K. Govt, Loans, 38% % prem. b. Wallace Harpers, $74 n. Ch. Govt. -5% 1925 G$BdAnn

Gold River 24 cha. b.

Govt: Loan 2% prom.

Total sales: Winnipeg Wheat:.

July October December

New York Sugar:

September

New York Metals:

Copper, Oct.

Tin, Oct.

Berlin-

Kobe

London

Los Angeles

Manila

Moji

Nagoy

Tsingtau

Yingkow

کا گردو

Head Office:

17, The Bund, Shanghal.

AJ

51.20

103 1031⁄2-1037% 104

19,578,000 bushels

1.88 189

19% 15,000 tons

1108 1:08. ·0,000£-||

↑ 10121⁄21⁄2 112% 20.00%1⁄2upƒ} #112

-0.00% 617

81 lots

6.83

51.70

corporate Austria with Germany and offerings were absorbed by the which will cause a crisis in a few Control account. Imonths or possibly in a year." .. "The following dividends per "Exchange restrictions are imehare were announced for the second pending in an attempt to stop the quarter:-American Rolling Mills 84 flight of European capital to cents, Westinghouse 65 cents, Con- America and we look for a break tinental Oil 25 cents, National Steel in the Gold Block. It has become $1.20."

increasingly difficult to hold Ster (Continued at Foot of Next Col.) ling at above Five Dollars. The

Night Telegram

*were re The following telegrams

Government will not hesitate to

depreciate the Dollar further or

to print one billion dollars worth ceived in the night:

"Stocks: The market is affected of currency if Sterling should by certain business uncertainties

break badly!""

"It is broadly hinted that Pre and European war rumours. Busi sident Roosevelt la, disgusted withness was light in volume, with

prices moderately strong.* Washington Bureaucracy and the oppression af business and that he may attempt some discipline in the Autumn Reuter

"Cotton: The market is meeting- ||with offerings of cóftón on every ad- vance, but supplies were quite well absorbed and the tone is steady,

"The Bennet Cotton Report states ís In their market report, the that the condition of the crop American Oriental Financa Cor. 58.4 per cent. of normal, with an poration, correspondents for Menara

ELA.Pierce Co.'s Report

(Continued on Page 7)..

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

TICE HOUSE STREET, HONG KONG

Tel. Address: Balcó

Tel. 30101 and: 30108 77994