1934-09-12 — Page 6

BANKS

HONG KONG AND SHANGHAI -BANKING CORPORATION.

Amikoriand Caplen) - $50,000,000

Basara Fun 1 --

Sterling

Larood and Folly Paid-up 2,000,000

£6,500,000 aue:མཐ*h:-ph-Fཐཱ

$242),(100)

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA,

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

Reserve liability of Propristers 20,000,000 Paid-up Capital

HEAD OFFICE, IRONOLONO.

IKARD OF DIRECTORS,

Bo Me. G. 17, Mwakie

Chairme

15. I._Dodwell, Eng. Deputy Chairman.

Reserve Fund

.£3,000,000 .£8,000,000

Reserve Liability of Pro

prietors

£3,000,000

Akeneles and Branches:

Aloe Bar

Haile

Harg

Amriter

Ipoh

Saigo

Bangkok

Karachi:

Hera rang

D. Minu, Esq.

Balaria

KILDE

Baren bati

1. Coplon, kay.

4. 5. Hormann, Eng.

Boinbar

Kube

HEL

T. K. l'arca, Sago

Calcutta

Rusis

fingapore

Canton

Lumpur

Kiti

Campore

Kurt

Боцтовув

Gabu

Martins

Triplug

Colombe

Manila

Thuthin

Bathi

Medan

Tungkal

Haiphong

Kew York

(Bhukar)

Usburg

Priplig

Logi

Pekings Tanang

Yokohama

M. Afr. W, 21, Hall,

MJ, Baden, Esq.

5. C. Kraghi, Eng.

AMOY

BANOZOR

BATAVIA

BUBBAY

CALCUTTA CANTUN CHEFOO

COLON BU

DAIBEN

YOOCHOW BAIPHONG

HAMBURO

HANKOW

LANSIN

HONOKEW

ILOILO

EPOR

JOHURE

ROBE

KOWLOON

Y. M. Draghum, Esq.

Chial Manager,

BRANCHES

LONDON

MALAKCI

HANILA

HGAR Jobora}

MUKDES

NEW YORK

CITING

PENANG

RAXUDON

BARUN

SAN FRANCISCO-

KUALA LUMPUR

SHANGHAI

HINGAPURE

SOURABAYA

SANIEL PATANI

TAKAISIN

TOKYB

TRINITAD

YOKOHAMA

Current Accousta opened to anal

and Pined Deponite fornited for ce your or shorter periode to Lock Company and Bierling

a terme which will be grated on application.

Hong Koh April, 1939,

HONG KONG SAVINGS BANK.

The Bule of the above flant is condues ed by the HONO KONG AND SHANGHAI BANKING CORPORATIOS. Kalas tany ե ablaḥzed en sppliextjon.

FOR THE HONG KONG AND SHANGHAI BANKIMA CORPORATION

.. ORAVNUKY,

Chief Manager.

Houg Reng, M16 February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Paid-up Capital

20,000,000.00

merre and Undivided Prof2,194,100,00

wwwwwww.and

HEAD OFFICE:-HONG KONG

12, De Virut Road Central

WARD OF DIRECTORS :-

Sir bhau son-Chow, Chatra

.

La Boca Chus. Eng., P. K. Kwok, Ext. Weng

Buakaw Herbin Hoog Kont

| fyndiselad.

Zambonga

THE CHINA MAIL, WEDNESDAY, SEPTEMBER 12, 1934.

Commerce and

Finance.

BELFAST LINEN MARKET

'Irish Flax Crop Reported

Good

Porals Exchange and Central Banking budine. Cuteral Accounts opened and Fiend Depois received for one par de shorter periodo al retor which will be quoted on oppiiration,

W. H. E. THOMAS,

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

MODERATE SIZED ORDERS

Belfast, Aug. 1.

Irish. The reports on the new crop are good generally, although in some digtriets the Hax is short. Farmers are having difficulty in some cases in obtaining water for retting the straw owing to the dry weather.

Courtrai.-There is nothing of

THE BANK OF CANTON, LTD. interest to report as market condi

Established 1912.

Head Office-Hong Kong.

tious remain unchanged.

Latvian.-Fair sales to Germany No reported. at high rates are ... $11,000,000 other market could face present 8,655,000 prices. The Government stocks are 32,170,492 small. New crop in full flower and Branches: Carton, Tolshan, Shanghal,ooking well. Yield should be Hankow, Bangkok & San Francisco.

Authorised Capital ... Paid-up Capital

Total Resources

London Bankers: Lloyds Bank, Ltd., xreater than last year.

Foreign Exchange #nd Banking business of every discription trans-

acted.

are Esthonian-Old flax stocks almost

The exhausted.

recent Current Accounts opened and Fixed weather has been favourable for Daposits received for one year or shorter periods at rates which will be the growing crop, and growers are quoted on application.

Ionking forward to good yields. It Safe Deposit Boxes (various sizes) certainly looks well in the fields. for hire.

LOOK POUND STAR,

Chiat Mausger

SAFETY FIRST! To Safeguard Your Valuables and Jewellerice. Deposit them in a Vault

that is really: FIRE-PROOF BURGLAR - PROOF DAMP-PROOF!

Lithuanian.-Small sales are re- ported, but supplies have almost dried up. Quality has fallen away, but that is usual in the summer is enjoying time. The new crop warm rain.

Soviet Some bulk sales to Ger- many are reported, including 2,000 for December tons of new crop

Prices are very strong, shipment.

OUR SAFE DEPOSIT VAULT both for flax and tow.

Zus Took. En Chan Shing Shot, E. La located on the Mezzanine Floor of

Bacz. Eng. Wang Cha Son, Evg, and Hasing

Aka Tang P. Eay.. Cistof Manager. Lt Tee Four Reg. Manger

BRANCHES AND AGENCIES:-

Amay

Balerin

Methowrun

Bombay

Nugushl

Calcutta

New York

k

Седос Huishook

Parla

Seattle Samarang

bing Bingapore bourboys Bwelow

rides

Hankow

Peiplug

Honolulu

Perang

Taikoku

Lobe

Haroon

Tientsin

Kowloon

Kaigan

-Toky

London

Ben Frondaco

Vascours! Yokohame

buat

description of Banking and Exobange Basin Ranč sed. lans glasted on approvad

securitisa.

Current Accounts opcend in

your

Our New bullding in Specially Con- structed to provide all of these Im- portant Qualities.

Yarris

The wide difference between ruwi

current

You may obtain a Safe Deposit material quotations and Box in this most up-to-date Vault for: your own use at a very mederate Rea-yarn values preclude Spinners from ital,

accepting orders in bulk, even when purchasers are prepared to concede advanced prices to cover actual and

requirements. potential majority of local mills and chant houses have met buyers as far as possible, a substantial volume of new business being fixed including Cambric yarna.

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

THE

Local Care AMERICAN EXPRESS COMPANY, sas Pired Depodia recetend for one shorter periods In Iscal and Foreign Currencies

term which will be quoted so application. Bale Deposit o To Let

HAN TONG FO

Hong Kong, let March, 1054.

Chiel Manager.

THE BANK OF TAIWAN, LTD.

Head Office-Taihoka, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notes

issued Average amount Y.45,000,000

Branches and Agencies, Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung, Makong, Nante, Shoka, Sinchiku, Taichu, Tainan, Talto, Takao, Tamsui, Toen. China:Amoy, Canton, Foochow, Ban-

kow, Shanghai, Swatow. Other:-Bombay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 14% p.a. on dally

INC.

Head Office:-65, Broadway, New York

.U.S.$8,000,000,00 2,087,112.69 1,995,628.31

BRANCHES:-

Capital ... Surplus Reserves

Aminardas

Beton'

Antwerp

Olugow

Athaba

The tag ve

Ástun

Harana

Beale

Hamburg

Sten Haplos Piraeus Paris

Berlio

HAYTO

Porcia

Buidelberg

Pat

Interikan

Butterdam

Jarustem

London

Liverposi

Luserna

buzar.

Murales

Fintenon

Edinburgh Ger

Honte Carlo

Stanile

Munich

Shinga. Biharton Bing Tiezitatu Taormine Vienas Vi Tokoham Zurich

Epitreus

Bombay

Brit Brussels

Cairo

Calculte Conta Colomba Copenhagen Dublia

Logaas

THE

Branches of American Express Com- balance and the rate for balance over any in Principal cities of United $10,000 will be quoted on applicationStates of America and Canada. (Maximum rate-1%).

Y. OHNO,

Manager.

Hong Kong Branch

་

Weavers

The

mer-

Manufacturers are booking moderate sized orders, but are in- formed by buyers that these are put down, in many instances, as an insurance against the sharp rise in raw material, and not against new business booked by Merchants, Manufacturers find it difficult to obtain prices equalling the enhanced cost of yarn, and the restoration of the ten per cent. cut in wages which came into operation after the July holidays. The whole market is very firm, and this disposes. of hesitancy on the part of buyers that prices can be adjusted, and this strength is more opportune on the eve of the autumn buying.

Merchants

any

and

As July is becoming more more the holiday month, there is naturally a slacking off ia the All classes of Commercial Baakler amount of business done and, orders, Franenctions undertaken.

received. Apart from the usual day; Personal investment accounts to day filling-in orders, there has handled,

been nothing startling during 'the month. Advanced coats and general The Company offers to intending world conditions are adding to the THE YOKOHAMA SPECIE BANK Travellers the use of its "Travalars Merchants' difficulties.

J, Des Voeux Road, Central.

LIMITED.

Established 1880

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

Yen.124,250,000

Head Ofte:-YOKOHAMA

Branches and Agencies at: Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton.

Nagasak! Nagoya

New York Osaka Paris Peiping.....

Dairen (Dajny).... Rangoon Fengtien (Mukden) Rio de Janeiro Hamburg

San Francisco Hankow

Harbia

Hong Kong

Honolula Hainklog Karachi Robe

Landon

Los Angeles"

Moj

Manila, Ph

Insariat Allowed

Seattle Semarang

Shanghal Singapore Socrabaya Sydney Tientein Tokyo

Tsingtan Yingkow

For some

Cheques" and Letters of Credit and, time manufacturing costs have In addition, the world-wide services been going up, but so far this does' sf its thoroughly equipped Travel De-not seem to be fully realized by partment.

C. H. BENSON,

General Manager.

THE MERCANTILE BANK OF INDIA LTD.

HIBAD OFF:02:

• 15, Gmosokareli Blessi, London, - ECA|| Authorised Capital

..£8,000,000 1,800,000

Subscribed. Capital: Paid-up Capitaleike. -1,050,000- Reserve Fund & Rest .. 1247,482

BANKENGY

The Bank of England ähkidaşi. Bank, KAR.

Bangkok Bombay..

Calcutte

Colocabo Delhi Gui

Kandy

Kota Bhar

Kunja Lipia

· Kanta Laspreet

(Mor)

Shanghai Kasotan (Paháng)" „Birsin Howrskiver Endini analoghporn:

RSG KONG BRANCH

Brary Bescription of Bapking and Exchange busi ...Travellerų - Căsques Invesă. CADEA

Ao on LaTent

Trustee and Execnfcrships -- under- 3M taken:

ENTENLÉT Államok – on Carrier Deposits received for fixed periods Fired Deposits at Naise: ihat, my

is raven to be obtained on-application appli

Q. KISHINALIZ Hong Kong, 11th September,

Tegels Manager. 1, Queen's Rent Comment

1084 Hong Kong, 12th June, 1984.

customers.

Dress Linens

There is nothing new to repurt as regards white and coloured dress linens, but a moderate amount of stock business is being arranged for various markets. Bulk buying for next season is being held up account of the advanced prices quoted,

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.

(Incorporated in China) *- Gapital paid up

*$5,000,000. Reserves.

..$7,000,000. Capital Savings Dept. $500,000 Reserve Savings, Dept. $300,000.

Head Office-changkat u

A Bark having as its mission the

·Industrial, development of China and the fostering of her commer- cini, relations Ebrond.

Hong Kong offös-7 Ica House" Bez kombile Phone* 1481-248#.

on

LOCAL SHARES.

A

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

Banks.

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 Messrs. S. E. Levy and the American Oriental Finance Corporation."

Lart

MODERATE ACTION FINANCE COMMITTEE

ON WALL STREET

Reactionary Tendency Indicated

SENTIMENT UNSETTLED

New York, To-day. The New York market was mo-

MEETING

Supplementary Expense Of $149.351

$100,000 FOR DUMPING GROUND

A vote for $100,000 for the for- Close Opening Noun derately active and somewhat Ir:[mation of a dumping ground at Kun NY/London ... 5.00% 500% 300% Cotton Dec... 1307 1812 1816

Mar.

1316 1323 1325 H.K. Bank 1715 b. 1735 8, 1725 Silk Dec.

111%

1094 Rubber Des; ·.. 1603

1601 Mar.

1641 C. Wheat Dec. 100%

May

30,

H.K. Bank (London), $136 n. Chartered Bank £15% n. Mercantile Bank, A. & B. £20 Mercantile Bank C. £13. Bank of East Asia, $88 n. Am: O. Finance Corp., Sh. $20 China O. Fin. Ord., Sh. #4 n. China O. Fin. Pref. Sh. 85 m.

Insurances,

Canton Ins.. $200 n. Unido Ins., $540 m. China Underwriter, $1.15 n. China Fire Ins.. $510 n. H.K. Fire Ins., $246 . International Assce. Sh. $8 n. Shipping.

Douglases, $40% n. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), 830 n. Indo Chinas (Def.), 893 m. Shell (Bearer), 48/1% n. Union Waterboats, $13% n.

Mining. Antunoks, 64 cts. b. Balatoes, $36% b. Baguio Gold, $44 cta. n. Benguet Consolidated $41 b. Benguet Exploration 17% cta n.

Benguet Goldfield. 20 ets. . Big, Wedge, 12 cts. n. Gold Creek, $2 a. Gold River 21 cts. 8. Ipo Mining $24 n.

Itogons $5 n

Kailan 23/6 n.

Langkats (Single) Sh. $17 n. S'hai Exploration. Sh. $5 a. S'hai Loans, $6%1⁄2 1/ Raubs $13 n.

Venz; Goldfield, 5 n.

:

Docks. etc.

. Amer Smelt... 33% Auburn, 22 Con Gas NY :. 25% Du Pont

regular yesterday, but the trend Tong, for the spoil from the dredger now operating of the west side of was chiefly lower. The penetra

the Kowloon Peninsula, appears in tion of the recent resistance the list of votes for supplementary 2642 levels has

unsettled sentiment expenditure, amounting to $149,-

and, with mining issues again 351.00, to be placed before the Finance Committee at the meeting under pressure,--Únited States following the Legislative Counsil

Smelting shares falling three Meeting to-morrow afternoon.

Two votes of $10,000 each. for the

tionary tendency seems to be in-purchase of a Morris Six-cylinder Chassis Fire Engine and Locomo- tive repairs and renewals for the Kowloon Canton Railway, respec-

S.E. Levy & Company's Report.

1074

107%

108

n. C. Corn Der... 70%

May

79%%

81

82

W. Wheat May. 89% STOCKS:

80%

334

points a further moderate reac-

2214

25%

dicated.

85%

A54

854

El Bo and Sh... 10

10%

10

Gen Motors... 274 Int Tel and Tax

27%

27%

A

Loew's Inc.

26K

25% 25%

McIntyre

44%

៥៩៤

2276 22%

23%

and Company, New York state!

Nat Distill

18

18%

NY Central

20%

20%

Stan Oll NJ

43%

43%

43

Un Aircraft

14

U.S. Steel..... 32%

1374 32

14

London Prices.

Mont Ward

In their market report, Messrs.tively, will also be considered.

S. E. Levy and Company, corres-

pondents for Messrs. White, Weld

"Stacka:-There was some fur- LATEST QUOTATIONS:

ther liquidation on lack of any

apparent improvement

strike situation 3244

in the

or in general business conditions. We continue

New York, Yesterday. The following quotations have

The following quotations from Lon- to expect but little support until been received by Messrs. S. E. Levy don were received last night between the market approaches much low

5.30 p.m. and 10.30 p.m.

Silver: Spot 21 13/16 (last close), er levels. 21% (last reed.), 1/16 down (change), 000 shares.

Silver: Forward 21% (last close), -21 13/10 (last recd.), 1/10 down.

Business done :-630-

Bonda: Government issues were off by 1/2 point. High- Silver Report: India and speculatora grades were sloppy; blocks are bought. China sold. Business small.

Gold: 10/11% (last close), 140/3 coming in for sale with bids scares (last recd), Ed. down (change), and are about 1/2 point down.} London/New York Rate: 5.00% (last Second-grades improved towards close), 5.00 3/10 (last recd.), 1/10 up the close, but were off fractionally {(change),

London/Paris Rate: 75.08 (last on the day.

{close), 75.03 (last recd.), unchanged. "Grains: The wheat market is Liverpool Cotton-Oct.: 6.30 (last acting well on any broadening of close), 484 (last recd), 06 down interest. Speculative buying un- (change).

Liverpool Wheat-Oct.: 5/8 (last doubtedly caused good up-turns. close), 5/87% (fast recd.), up The Canadian crop estimate of (change).

265,000,000 bushels was about as expected. Monday's sales:-20,- 783,000 bushels.

January

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

Sept. 10 Sept. 11.

New York Cotton;

October

Closing Closing:

12.94 13.05

December

13.07 13.18

January

13.10 43.22

March

13.16

13.30

May

13.23

13.36

July

13.28

13.42

Spot

13.20 13.30

New York Rubber:

1

October December

15.77

15.82

16.03 16.08

16.15

16.19

March

16.41

16.46

May

16.66

16.73

July

16.95

16.09

Chicago Wheat:

September

106% 106%

December

100% 107%

May

107 108%

Chicago Corn:

September December

784 79%

7834

- 79%

May

814

82

Winnipeg Wheat:

October

892 84%

May

December

8434 852

895%

892

New York Sugar:

Octotier

1.91

1.92

March

1.90

1.93

May

1.95

1.97

New York Suk:

December

1.11 1.11

SPECIAL TO CHINA MAIL.

(Ry Telegraph, Copyright, 'Telegra Iphic Messages Ordinance, 1894, Be-

February

1.12

1.01%

April

1.12

1.111⁄2

London Rubber-Oct-Dec. 7 11/16 (last close), 7% (last recd.), 1/18) down (change).

London Rubber-Oct.-Dec.; 7 13/16 "Cotton-Light trade buying is (last close), 7% (last recd.), 1/16 absorbing moderate and spasmo- down (change).

die hedges.. There is increasing

London Forecast

A forecast from London on the pro-hope of an early settlement of the bable trend of the New York Market, textile strike.

Continued on Page 11). states:-

With little. alteration in the domes

tic outlook, no change is expected in

conditions on Wall Street and the ten-}

¤.

doncy is likely to remain dull,

H.K. Wharves, $111 m. H.K. Docks, $1414 n. Providents (old), $11⁄2 n. Providents (new), 350 cta. D. Hongkewa, (old) Sh. $812 Hongkews, (new) Sh. $310 n. New Engineerings, Sh. 4 n. S'hai Docks, Sh. $118 m.

Cotton Mills.

Ewos Cottons, Sh. $10.70 b.

The Wheat market is expected to FRESH SUPPORT FOR

open very dull, the Bureau Report having no effect.

The Rubber market is anticipated to open a little down.

A lower Cotton market is expected

owing to unfavourable Liverpool cables

S'hai Cottons (old), Sh. $75.

.

n.

and a continuation of unfavourable strike news, though some mills are TE- opening.

S'hai Cotton (new), Sh. $44 Zoong Sings, Sh. $111⁄2 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc.

H. and S. Hotels, $5.55 8. H.K. Lands, $50, n.

S'hai Lands, Sh. $27 n. Metropolitan Lands, Sh. $14 n. Humphreys, $10 m.

H.K. Realties, $4.60 n. Asia Realies "A", Sh. $140 n. Asia Realties "B" Sh.$20 n. Chinese Estates, 888 6. China Realties, Sh. $16% n. China Debenture, Sh. $187 n.

Public Utitles.

H.K. Tramways, $20 b. Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $981⁄2 1. Yaumati Ferries, $21 m. C. Lights (old), $8.45 b. C.'Lights (now), $8.10 n. H.K. Electrics, $72 b. Macao Electrics; $25 n. Sandakan Lights, $8 :s." Telephone (old); $23.90 b. Telephone (new), $11 b. China Buses Sh. 13.20 n. S'pore Tractions, 4/9 b. Singapore Pref., 17/8 b.

Industrials.

Malabon Sugars, 810 n. Cald: Macg. (ord), Sh. $21 ̈n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $2.70 n. Cements, $2.60-8:

H.K. Ropes, $81⁄4''n.

Stores, etc. Dairy Farms, $244 b. Watsons, $5.60 [n. (3) Der. A. Wings, $1 n. Lane, Crawfords, 34.16_n. Mackintoshs, $21 n......... Sinceres; $10 n.

Wm. Powells, 70 eta, ni Wing On (H.K.) #110 n.

Miscellaneous

H.K. Amusements, 34 m. Entertainments, $7% n. S.G.; Enterprises, $1.30 nm United Theatres, Sh. #11⁄2 n. Macao "Greyhounds,” #2 n. Constructions (old), $1.80 n. Constructions (new), 78 cta. b. Ch Govt. 5% 1925 GEBda

88%

H.E. Govt, 4% Loan 7% prem.

Govt 34% Aeprem b." "Wallace Harpers, 87% 1.

There are. strong rumours of the removal of the Process Tax..

BANK FAILURES LAST YEAR

Smallest In American History

“NEW DEAL”

Unfavourable Market Factor On Wall St.

Ferived September 12, 9.27 a.m.)

New York, To-day.

Business indexes, apparently, are GENERAL NOTICES. showing the current upward re- bound.

Favourable market factors yester- day were that automobile produc-:

NOTICE.

tion totalled 38,106 units last week THEREBY beg to notify the

public that I am

not res--

ac

against 32,586 units for the pre- vious week and 40,367 unita during ponsible for any debts or the corresponding period of last counts signed by any person on CREDIT SURVEY IN CHICAGO year, and the revival in the steel my behalf.

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra- phie Messages Ordinance, 1894, Re |ceived September 18, 9.27 a.m.)

output and consumption.

An unfavourable factor was that of the Democratic the success Party at Monday's election in

W. EGGE.

Washington. To-day, Maine is interpreted as support for Is It Insured? ?

Mr. Crowley, of the Federal the "New Deal" ---- United Press, Deposit Insurance Corporation, pet. 9. E. Levy and Company.

in a letter to President Roosevelt, nt Hyde, Park, states that bank failures in the past year were the smallest in United States history. Only five small insured bank closed.:

NEW LOANS ON CORN

Insurance - All Classon LOWEST RATES

American Asiatic” Underwriters

Fed. Inc., USA. General Agents

Washington, To-day. The Re- construction, Finance Corporation Head Office He said that 50,000,000 ac- has granted the Commodity Credit | counts were insured.

Corporation U.S.$100,000,000 to re 17, The Bund. In connection with the plea fund and make new loans on corn| Bhanghui. for more liberal bank examina at 65 cents a bushel-United Press, tions, the United States Treasury per S. E. Levy and Company. Secretary, Mr. Henry Morgen- thau, has reserved judgment pending the completion of the credit survey in the Chicago area. United Press, per S. E Levy and Company.

LOCAL DOLLAR STEADY

Silver Prices Decline

The local dollar remains ateady, opening on demand this morning at 11/02.

0

Spot and forward silver have de forward silver clined 1/16, closing prices yester day being 21 and 21 13/18, res- pectively affect

t

The London on: New York cross- Irate, which closed at £-U.S.44.88%

90 Monday, closed at U.S.$3.00 esterday, while the New York London rate closed at 2-U.S.15.01% compared with £-U.S.35.007/0 Monday.

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, ING. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

Vol. 80101 and 30108

ايه

H.E. Offer Asia Life Building

Tel. 30234.

Address: Belco