1934-09-07 — Page 6

BANKS

HONG KONG AND SHANGHẠI

BANKING CORPORATION.

Authorland Capital

loved and Fully Puld-up

Baserra Funda jami

..... $50,000,000 20,000,000

Herlag. ₫ 6,500,00

Oliver......$10,000,000

Beserve Tilabillig of Prapristors. 20,000,000

HEAD OFFICE: HUNDKONO.

BOARD OF DIRECTORA,

lou. Mr. D. 1. 8. Mi

Chairman,

9. L. Dowell, Esq.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

.£3,000,000 ...£3,000,000

THE CHINA MAIL, FRIDAY, SEPTEMBER 7, 1934.

Commerce and Finance..

NEW YORK STOCK EXCHANGE

£3,000,000 S. E. Levy And Co. And

A.O.F.C. Quotations

Agencies and Branches:

Bangoon

Stulgin

Remarang

Retemben

Paid-up Capital

Reserve Fund

Reserve Liability of Pro.

prietors

| Alor Star

Ampitur

મહ 1pok

Deputy Chairman.

Bengkok

Kanchi

13. Mil. F4.

Belavie

·E. H. Moritosa, Beq

Bouber

Keb

7. E, Penica, Eng.

Calouste

Qual

Singapor

Cantoo

Lumpur

Cawnpore

Kuching

Hourso

Cabo

Madras

Talping

Colombe

Manila

The tuie

Delhi

Sedan

Toogkah

Halphony

New York

(Phuket)

Hambur

Printe

Taingiso

Hanko

(Pekin)

j'okohama

Harbin

Zarning

Tour Kont

Han, Mr. W, H. Bell. A. EL. Compton, Eng WJ, Kaswick, Yaq £0. Kaight, Eng.

ANOT

BANGKOK BATAVIA BOMBAY CALCUTTA

CANTOS

CHEFOO COLOMBO DAIREN

TOUCHOW

HAIPHONO

ELAMBUNG

LANKOW

KARBIN

HONUKEW

TAILO

ΠΡΟΣ

JOHORS

ZOBR

HOWLOON

V. M. Gjaşbura, Eng.

Chlaf Kaneger,

DRANCIES:--

LONDON

LYONN

MALACCA

MANILA

MEAB (Jebana)

MUKDEN

NEW YORK

PEPINO

PENANO HANGGON

SATOON

HAN PRANGIRCO

KUALA LUMrun

SHANGHAI

NISOAPORE

HOURABAYA

GCSUE PATANI

TIRKISIN.

TOKYO

TSINGTAO YORUNANA

Current Acrovals opened in Local Currency) and Ptand Deposit received for a year of whorlar perioda a Local Conging and Boring no term which will be quoted on application. Rong Kong, 18 Aprit. 1984,

HONG KONG SAVINGS BANK.

The Bude of the above Bank la conduct ad by the IONO KONG AND SHANGHAL BANKING CORPORATION.

strained on application.

Balas may

be

FOR THE BONG KURO AND SHANGUAL DANKING CORPORATION

V. M. ORANDURN,

Chat Manager.

Hong Kong, th February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorland. Capital Paid-up Capital

erts and Undivided Profile

~10,000,000,00

READ OPPICE-HONG KONG

12 De Vrat Rod Canital.

HOARD OF DIRECTORS:-

Air Hhausen Chow, Choleman,

2434,900.00

14 Koon Chen, Esq. P. K. Kos. Eng., Wang Tue Tong. Pag., Chan Ching Sunk, Zag.. Eả Lan Wang, Exy., Wong Chu Ken, Esq. and Kan Ting J. Eug

Han Tong Po. Eaq.. Chist Maung

LI Tre Four. Esq., Manager.

BRANCHES AND AGENCIES 1-

Manila Hell

Карксакі

سghoogle

Blugspore

Amaj

Betr

Bombay

Calcula Isaias Haiphon Backer

New York

ikke

bourabays

Farla

Awatow

Piping

nyduey

-tang

Tuboku

Lobe

Hangin

Taptain

Lowloon

Bulgon

Toivo

Losing

Han Francisco

VADKOOPS! Yokoham

Fonolulu

Every description of Banking and Exchange

budne transmoed,

www.zice.

Loans grauled on spproved Ancouple oped in Local Curacy: Cursed Deposits received

for ohe JUST OF where perlade in Locs! and Foreign Currencies wo terms which will be quoted on application.

and

Nafe Deposit Joes To let.

KAN TOKO PM),

Dog Bang. ist Starch, 1954.

Chief Meonger.

THE BANK OF TAIWAN, LTD.

Head Office-Talhoku, Formos, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notes

Issued Average amount Y.45,000,000

Branches and Agenciés.

Japan:-Kobe, Ozaka, Tokyo, Yoko hama, Keelung, Makong, Nanto, Shoka, Sinchiku, Taichu, Taloan, Taito, Takao, Tamsul, Toen. China-Amby, Canton, Focchow, Han-

kow, Shanghai, Swatow.

Others: Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soorabaya, Dairen.

On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1% p.a. on dafly balance and the rate for balance over $10,000 will be quoted on application [Maximum rate.1%).

Y. OHNO,

Manager.

Hong Kong Branch

3. Des Voeux Road, Central.

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880 Capital (fully paid-up) Yen.100,000,000 Reserve Fund

Yen.122,750,000

Head Ofce: YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Nagasaki Nagoya

Berlin

Bombay

Calcutta

Canton

Dairen (Dalny)

New York

Osaka

Parta

Pelping

Fengtien (Mukden) Rio de Jenetre

Hamburg

Hankow

Harbin

Hong Kong

Honolulu Brinking Karachi

Jobe

Londen

Los Angeles

Manila

Mojt

Rangoon

San Francisco

Seattle

Semarang

Shanghal

Singapore Sobrabaya

Sydney Tientaln Tokyo Tsingtas

Yingkow Inparant allowed on Carent A

Deposita recebred for fixed periods

zi zates to be obtained ca application.

ZKISHA

Hong Kong 11th Apell, 1984:

Shanghal

8113

Foreign Exchange and Doners! Banking buria

teazancled.

Current Account opened and Fixed Depot rachired for one year of shorter periods at rim which will be quoted on application.

W. H. E. THOMAS,

SAFETY FIRST!

New York, Yesterday.

The following quotations from New York have been received by Mesars. 15. E. Levy and the American Oriental

Finance Corporation.

Last

Close Opening Noon NY/London ..5.00-1/16 500% 49914 Cotton Dec. ... 1330

Mar.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks.

H.K. Bank $1735 sa. H.K. Bank (London), £136 n. Chartered Bank £15. Mercantile Bank, A. & B $81 m. Mercantile Bank C, £18% n. Bank of East Asia, $86 b. Am: O. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 n.

Insurances.

International Assce. Sh. ‡6 n.

Shipping.

1339

1330

1339

1346

1340

Silk Dec.

113

112

Rubber Dec,

1617

1624-

Mar.

1657

1665

C. Whent Dec.. 100%

307

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

May

107%

108%

Canton Ins.. $290 n

C. Corn Dec.

80%

B0%

Union Ins. $535 sa.

May...

83%

83

China Underwriter, $1.15 b.

W. Wheat May 88%

88%

STOCKS:

China Fire Ins., $510 n.

Amer Smelt

38

38

H.K. Fire Ins., $245 n.

Auburn

23%

24

Con Gas NY

27%

473%

27

Du Pont

90%

91%

El Ba and Sh.

11

114

114

Gen. Motors... 30.

30

Int Tel and Tel 10%

10

Loews' Inc. ........

28

McIntyre

4814

Mont Ward

25

24%

25

Nat Distill

21

21

21

20

22

0974

44%

44%

15%

11%

31

341⁄2

London Prices,

To Safeguard Your Valuables and Jewelleries.

Deposit them in a Vault

that is really: FIRE - PROOF BURGLAR - PROOF

DAMP PROOF |

OUR SAFE DEPOSIT VAULT

located on the Mezzanine Floor of NY Central 22 Our New building in Specially Con- Stan O NJ .. 44% Im- Un Atreraft ... 15% structed to provide all of these

U.S. Steel ..... 341⁄4 portant Qualities.

You may obtain a Safe Deposit: Box in this most up-to-date Vault for your own use at a very moderate Rea tal

Inspection Cordially Invited. THE NATIONAL COMMERCIAL & SAVINGS BANK, LTD.

Corner of Ice House Street and Des Voeux Road, Central,

Silver:

Spot 21% (last

close),

21 18/16 (last reed.), 3/16 up (change).

Silver Forward 21 11/16 (last close),) 21% (last recd.), 3/10 up (change).

Silver Report:-India and American) speculators bought. China sold. Mar-) ket steady.

Gold: 140/6% (last clone), 140/8| (lant reed.), 1d, up (change).

London/New York Rate: 5.01% (last clone), 5.00% (last recd.), down (change).

London/Paris Rate: 74.84 (last clone),

THE BANK OF CANTON, LTD, 74.90 (last reed.), .06 up (change).

Established 1912.

Head Ofce:-Hong Kong.

Authorized Capital

Paid-up Capital

Total Resources

Liverpool Cotton-Oct.: 8.00 (lost clone), 6.95 (last recd.), .05 up (change).

Liverpool Wheat-Dec.: 6/11 (last) $11,000,000 close), Mutilated (last recd.)

8,655,000

London Rubber-Oct-Dec: 7 11/18 32,170,492 (lost close), 7 11/16 (last recd.), un-

Branches: Canton, Toishan, Shanghai, changed.

| Hankow, Bangkok & San Francisco, London Rubber-Oct.-Dec.: 7% (last London Bankers: Lloyds Bank, Ltd., close), 7 13/18 (last recd.), 1/16 ap

Foreign Exchange and Banking (change). business of every discription trans- Jacted.

London Forecast

A forecast from London on the pro-

on

Another quiet session is likely Wall Street and sentiment will be pro-

Current Accounts opened and Fixed bable trend of the New York market, Deposits received for one year or states:- shorter periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes)| hably be governed by whichever way for hire.

President Roosevelt's Intervention In the textile strike is interpreted.

The wheat market is expected to open quiet.

LOOK POONG SHAN,

THE

Chief Hanigar.

Rubber prices are anticipated to open better,

In cotton, bigher prices are expected.

AMERICAN EXPRESS COMPANY, The strike has been discounted.

INC.

Latest Quotations

•

Head Office:-65, Broadway, New York

Capital Surplus Reserves

.U.S.$3,000,000.00 2,087,112.89 1,995,528.31

Piros:

The following quotations have been received through Messrs. S. E. Jean Oriental Finance Corpora

Lavy and Company and the Ameri- tion:

New York. Yesterday.

Last To-day's class closa

Douglases, $40 b. H.K. Steamboats, $7 m Indo-Chinas (Pref.), $50 n. Indo-Chinas (Def.), $88 m. Shell (Bearer), 49/41⁄2 n. Union Waterbeats, $13% n.

Mining.

Antamoks, 61 ́ets, b. Balatoes, $361⁄2 n. Baguio Gold, 3441⁄2 cts. n. Benguet Consulidated $41% D. Benguet Exploration $17 cts. Benguet Goldfield. 20 cta. n. Big Wedge, 12 ets. n. Gold Creek, $2 n.

Gold River 22 cts b. 24 cts, 'sa. Ipo Mining $21⁄2 s, and sa Itogons $5 n.

Kailan 25/- n.

Langkats (Single) Sh. $171⁄2 n.

S'hal Exploration, Sh. 35 n

S'hal Loans, $81⁄2 m. Rauba, $13 s.

Venz; Goldfield, 5 n.

Docks, etc.

H.K. Wharves, $111 s. H.K. Docks, $141⁄2 n. Providenta (old). $11⁄2 80. Providents (new), 350 cts. u. Hongkews, (old) Sh. $31234 m. Hongkews, (new) Sh. 310 n. New Engineerings, Sh. 84% n. S'hai Docks, Sh$118

Cotton Mills. Ewos Cottons, Sh. $10.80 b. S'hai Cottons (old), Sh. $75. n. S'hal Cotton (new), Sh. $44 Zoong Sings, Sh. $111⁄21⁄21⁄2 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H. and S. Hotels, $5.55 8.. H.K. Lands, $50 sa S'hai Lands. Sh. 327 n. Metropolitan Lands, Sh. $14 n.o Humphreys, $10 sa. H.K. Realties. $1.70 s. Asio Realties "A", Sh. $140 n. Asia Realtles "B" Sh$20 n. Chinese Estates, 886 b. China Realtles, Sh. $151⁄2 n. China Debenture, Sh. $197 n.

Public Utilities.

N.Y./London Cross

Parlu Pepin, Palermo

Rate 5.00-1/1G 5.00%

N.Y. Cotton-Dec.

13.30

13.33

Retarda

16.17

16.20

106

106

80%

804

H.K. Tramways, $20.10 80. Peak Trams (old), $15 m. Peak Trams (new), $7 n. Star Ferries, $100 s

BRANCHES:-

Analardam

OPIOS

Actres Athena

Glo

Milan Nice

The Hax ue

Nupla

AWAR

Havane

Berise

Flambute

Balis

Harre

Behar

Haldelberg

Anmen

Interlakes

Fratele

Jerusalem

Celto

Londaa

Calcutta

Liverpral

Cousi

Lates

Logite

F

Copenhages Deblis Edinburgh

Geneva

Luxor Marvello

Sfonte Carin

Stanlia

Hunish

Celomba

Montreux

Reade Shinght. Southampton 81ape. Tintils Taormina Vienna Verde Yokohama Zurich

N.Y. Rubber-Dec. Chle. Wheat-Dec. Chic. Corn-Dec. Silver-Official

49% 404

(Dow Jones Avg.)

To-day'a 93.83 91.82 1.81 off 38.53 35.72 81 of

·20.53 20.33 .20 of 92.55 9240 .09 off

30 Industrials ... 20 Rails 20 Utilities 40 Bonds

Branches of American Express Com-11 Commodity

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

All classes of Commercial Banking Amer Can...... Transactions undertaken.

Personal investment accounts. I. Case

handled.

Du Pont

.25 up

Yaumati Ferries, $21 b.

C. Lights (old), $8.55 n.

C. Lights (new), $8.10 n. H.K. Electrics, $78 & Macao Electrics, $25.n. Sandakan Lights, $8 5. Telephone (old), $24 n. Telephone (new), $11%1⁄2 5.- China Buses Sh. 13.20 n

Malabon Sugars, $10 a.

Cald: Macg. (ord), Sh. $21 n. Cald: Macg. (Pref.), Sh. $20 a. Canton Ices, $2.70 n.

Index 63.04 63.29 18 Leading Stocks.

Close.

98

S'pore Tractione, 5/- b.

Amier Smelting, and Ref

38

Amer Tel and Tel Auburn

118

*K

Singapore. Prof., 17/3 b.

Industrials.

40

89

10%

28%

0%

40

237%

H.K. Ropes, $5% n

20

21%

14%

Dairy Farms, $251⁄2 8.

96%

Watsons, $5.60...

1554

38

33

Elec. Bond and. Share The Company offers to intending General Motors Travellers the use of its "Travelers Int. Tel and Tel Cheques" and Letters of Credit and, McIntyre Porcupine In addition, the world-wide services Montgomery Ward of its thoroughly equipped Travel De Nat Distillers partment

N.Y. Central · Socony-Vacuum Union Pacific United Aircraft

Westinghouse E and M

Business done-600,000 shares.

C. H. BENSON, ..

General Manager U.S. Steel

THE SHANGHAI COMMERCIAL &SAVINGS BANK LIMITED: (Incorporated in China) Capital paid up .....$5,000,000. Reserves.... $7,000,000. Capital Savings Dept. $500,000, Eeserve Savings Dept. $600,000.

Head Office Shangbai

Is It Insured? ?

Insurance - All ¦ Classes LOWEST BATES American Asiatic Underwriters Fed Inc U.S.A. General Agents

"A✅Bank having as its mission' the" | ƒ Head Office

industrial development. of China

and the fostering of her commer« cial relations ghroad

Hong Kong office7 Iés House Bt.

Phone 8IRIS

C

|17; The Bund

Shanghel.

IK. Oce „Asli Life Building /Tel. 3923%.

Cements; $2.60 s.

Stores, etc.

Der. A. Wings, 31 n. Lane, Crawfords, $4.16.n. Mackintoshs, $21 n.

Sinceres, $10 n.

Wm. Powells, 70 eta, n. Wing On (H.K.) $110 m.

Miscellaneous.

INDECISIVE

WALL STREET

LOCAL DOLLAR STEADY

MOVEMENTS Silver Prices Advance

The local dollar remains steady, opening on demand this morning at 1/62.

The London on New York cross-

U.S. ELECTRICITY ·

PRODUCTION

SLIGHT DROP REPORTED

Advance Attracts Profit-Taking

SPECIAL TO CHINA MAIL.. (By Telegraph, Copyright, Telegra» Spot and forward silver have, ad- ́TRADERS STILL CAUTIOUS

vanced 3/16, closing prices yester-phic Messages Ordinance, 1824, Re- New York. To-day. day being 21 18/16 and 21%, Jerived September 7, 9.45 a.m.)

New York. To-day. [respectively. The. New York market was nar-

The Edison Electric Institute Wed- rowly irregular yesterday.

tate, which closed at £U.S.85.01% reports electricity production in attracted some nesday's advad ce

on Wednesday; closed yesterday at the United States, last week, at profit-taking moreover, with trad-

LU.S.$4.99, while the New York 1,627,000,000 kilowatt houra kilowatt at against 1,648,000,000 era seemingly not disposed to London

on

rate closed follow up advances vigorously-U.S.$5.004. na compared with hours the previous week and pending clarification of some the prevailing uncertainties, nar- and indecisive movements row seem to be indicated for the pre- sent.

of

£U.3.$5.00 on Wednesday,:

UNCERTAIN STEEL IMPROVEMENT

New York, To-day. The Amer- lean journal, Iron Age, has report-

Prospects of an improvement

1,588,000,000 kilowatt hours dur- ing the corresponding period of last year.- United Press, per S. E. Levy and Company,

DULLNESS RULES ON WALL STREET

Stock Exchange Seat Price Decreases

S. E. Levy And Company's Report In their market report. Messrs. IS. E. Levy and Company, corres

pondents for Messrs. White. Weld and Company, New York atate:

"Stocks:-The market has been ed that steel production is at 10 considerably unsettled owing to per cent. of capacity, which is the the wide break in U. S. Smelting same as last week.

SPECIAL TO CHINA MAIL- (By Telegraph, Copyright, Telegra. and also to feare in speculative quarters that some move may be during September is uncertain, the phic Messages Ordinance, 1894. Re- made by the Treasury to dampen journal adds.---United Press, perceived September 7, 9.45 t.m.) inflationary expectations as the S. E. Levy and Company. Snancing date approaches. ing stocks may possibly be fur- thers affected in the next day or two, but we would maintain any

New York. To-day. - Dailymore hopeful outlook or rails and holdings as we continue to anti- cipate eventual higher levels for crude oil production in the Unit-the bullish forecasts of last Satur- both gold and silver shares. ed States, last week, was 2,442, day's cotton report.

Business done:--600,000 shares. 150 barrels, against 2.464,700

"Bonds:-Government

were

Min-

U.S. CRUDE OIL OUTPUT

New York, To-day.

The dullness on the New York: stock market continued to check- mate any definite trend yesterday. Favourable market factors were the

Unfavourable factors were

the

issues barrels for the previous week. reduction in the price of the Stock 1 point. United Press, per S. E. Levy and Exchange seat, and the discourag- up from 1/2 to

ing outlook of the steel industry.— High-grades were off fractionally Company.

United Press, per S. E. Levy and Company, on large offerings. Second-grades were also lower.

corg

over the previous LATEST QUOTATIONS

25

"Wheat:-There was some buy-the past week indicates a gain of ing of wheat, against sales of 130,000 corn in order to close spreads. week. The shortage of visible supplies Bank Clearings for the week

New York, Yesterday. and the strength of the cash mar-amounted to $3,515,000,000,

The following quotations have compared with $8,677,000,000 for been received by Messrs. S. E. Levy ket further advanced prices,

Wednesday's

and Co., and the A.O.F.C.

New York Cotton:

bushels.

sales:-32.902,000 the same period of last year,

Brokers' Loans

futures market.

"Catton:-The was speculative buying,

vate crop estimates were

week for the Rubber:-The tightness of amounted to $824,000,000.

Montgomery Ward show a net available stocks of actual rubber: and of near-by shipments la profit amounting to $1,898,000 for the the quarter ended July 31st. This strengthening the postion of

is equal to 35 Cents per common compares favourable some fresh share and as most pri- with the net loss registered for the same period of last year which conel- derably below the figures of the amounted to $1,283,000.

Two seats Inst

on the New York Government report. The weakness of the securities market Stock Exchange have been sold each, 58 compared checked the advance in the late for $90,000 session. The Chicago cotton mar with the cast of last seat Hold ket, which will be open on Satur. which fetched $95,000. day until 1.00 p.m., will probably reflect the Government crop port which is to be issued Saturday at Noon"-Reuter.

Market Factors

October December

Sept. 5 Sept. 6

Closing Closing

13.16' 13.21

13:30 13.33

13.94 18.37

13.89 13.44

13.45:

13.53*

18.51 13.58

16.29

16.31 16.57 16.59 16.84 16.86

104% 105%

January

March

May

July

Spot

19.85

13.35

New York Rubber:

October

15,91 15.93:

December.

16.17 16.20

January

March

Industrial Rayon has declared

May

re-

on

Its regular quarterly dividend 42 Cents per share.

of

July

17.11

17.13:

Chicago Wheat:

E. A. Pierce Co.'s Report In their market report, American Oriental Finance Cor-

September

the

December

108% 108

May

-107% 107%

for Chicago Corn:

79% - 7874

December May Winnipeg Wheat:

8034 80%

834 *821

82%

83%

85%

844-

88

89%-

1.91

1.92

1.92

1.90

1.95

1.94

113. 1:12

-1.14

1:13

1.14 1.185

The following telegram was re-poration, correspondent ceived

by Messrs. S. E. Lovy Messra. E. (A. Pierce and Com- September through Reuter:-

pany, New York state: "Favourable conditions before "Stocks:-We think a test of the the opening of the market were:-markets" position will be seen to

(1) The market displays

& morrow.

October December "Wheat:-The strength of the strong technical position. (2) Roosevelt's intervention to market mostly came from the May

speed the settlement of the strong Cash situation. Liberal New York Sugar: textile strike is bolstering shipments of red wheat are expect=| September

ed from Chicago shortly. The March sentiment-

May

(9) The strength of leading strength of outside markets was

commodity prices.

the principal Influence. The report New York Sük: on the next visible supply will-pro-

Unfavourable factors were:-

. December February

April

(1) Steel operations in Chicago bably show a decrease. There was

dropped by 5 point to 28 per some profit-taking on bulges, cent. of capidity. Electricity production for the week row. There was some small hedg

Continental, Domestic and showed a decrease of 6 per ing, cent compared with the Trade buying and also some cover- figures for the same woek ing. It is expected that the next Government Report will show the last year.

"Rubber: The market opened

"Cotton: The market was nar-New York Metals!'

The following telegrams through crop at about 9,000,000. bales.

Reuter were received by Messrs.

Sept. 4 Sept. 6°

**6:29 Copper, October 8.23 Tin. October... 51.65 $1.25

.

-U.S. EMPLOYMENT INDEX

Detroit, To-day. The United

S: E. Levy & Co. in their offices steady on Commission House buy-States employment index, figure on ing but, later, Houses sold off with September 1, was 70.2, as against last night-

the decline in the Stocks Market, 796 In the middle of August, "and Dally average petroleum pro duction for the past week was 2-Closed steady.

64.7 at the same time last year. 442,000 barrels, against 2,465,000 "Brokers loans have increased by United Press, per 'SE. Levy and barrels the previous week. The $31,000,000."—Reuter.

"Iron Age" reports steel produc- tion at 10 per cent, unchanged from the previous week. Consum: ere are protected against higher prices by Code provisions until the end of the year. They are) playing a waiting game: on expec- tation that present prices will prevail. In the absence of any fmpressive seasonal apturn in business, prices will eventually yield to the law of supply and demand. The weakness of heavy melting scrap in Pittsburgh_and] |In Chicago, together with the gen

eral spirit of business unsettle- ment is not encouraging.

H.K. Amusements, $4 n. Entertainments, $7% n. S.C. Enterprises, $1.30 0. United Theatres, Sh. $14 në:

The market is narrowly irregu:: Macao: "Greyhounds," $2 n.

lar. Yesterday's advance has at Constructions (old), $1.80.

tracted some profit-taking; more Constructions (new), 78 cts. b. lover," with Traders seeming- Ch. Govt. 5% 1925 G$Bdsly not disposed to, follow-up ad,

-83% 1.

vances vigorously pending, clari

HK. Govt. 4% Loan 7% prem. fication of some of the prevailing uncertainties, harrow, and Indeci-

H.K. Govt.8% Loan 22% sive movements seem to be indi-

prem b

Wallace Harpers, $74.

cated for the present

The estimate of car-loadings for

Company,

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 TRADH

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

7.ICE HOUSE STREET, HONG KONG

Tal Address: Belčo

Tel 80101 and 30108: