1934-09-08 — Page 14

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MARINES IN ACTION THEY MEET ALL COMERS

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RICHARD ARLEN IDA LUPINO ROSCOE KARNS GRACEBRADLEY MONTE BLUE and TOBY WING]

A Paramount Pictu

AT

THE

MAJESTIC

A

The

China Mail.

NINETIETH, YEAR OF PUBLICATION.

HONG KONG, SATURDAY, SEPTEMBER 8, 1934.

STEEL PRODUCTION THE WALL STREET LOCAL BANKNOTE

AT LOW MARK ́

August Figures Down

To March 1933

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra-l phic Messager Ordinance, 1894, Ra-f ceived September 8, 8.37 a.m.)

New York, To-day.

SITUATION

i

Technical Position Weakened

SPECIAL TO CHINA MAIL

CIRCULATION

$165,682,600 During

August

The average amount of bank-

(By Telegraph, Copyright, Telegra notes in circulation in the Colony phic Massages Ordinance, 1894, Re-during August was $165,682,600, ceived September 8, 9.24 a.m.) comprised of $17,124,813 Charter:

New York, To-day,

and ed Bank of India, Australia Chartists consider that the tech- China: $146,345,789 Hong Kong nical position of the market has and Shanghai Banking Corpora-

weakened.

tion,

The Steel Institute reports that steel production in the United States in August was 22.93 per cent. of capacity, the

and $2,211,998 Mercantile lowest since March, 1933.

A favourable factor 'yesterday Bank of India, Ltd.

The average amount of specie Dow Jones predicts that the was that department store sales United States Steel Corporation's during September are above those in reserve during August August shipments, to be an-of last year.

$142.400,000, comprising $8,000,- nounced

Unfavourable factor were tha 000 Chartered Bank of India, Aus-

Picture.

well..

Wid

on Monday, will prob ably be only p5,000 tons below two seats on the Stock Exchange tralla and China, $132,750,000 July shipments of 369.938 tons, were sold for $90,000 each, against Hong Kong and Shanghai Bank- Paramount thereby holding up remarkably 895,000 which was the previous ing Corporation, and

$1,350,000 price paid for a seat, that the Nash Mercantile Bank of India Limited. August pig iron production Motor Co. has reduced prices as was 1.052,382 tons, against 1,224,-much as $150 per unit and that during the corresponding period of 826 in July, and 1,833,394 tons in bank clearings totalled U.S.$3,515, last year. United Press, per S. E. August last year.

'269,000, against U.S.$3,677,222,000 Levy and Company:

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What Happens to America's'

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Written From Padlocked Files !

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by: DAVID': ČIMBISTIAN,