1934-09-18 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorial. Umpilat

Lened and Pilly Paid-up

Borve Funds-

Bears

Reserve Llability of Proprietors -§20,000.000

HEAD OFFICE. HONGKONG,

BOARD OF DIRECTORS.

Hon. Mr. C. 6. 6. Mack!

Chairs.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.;

HEAD OFFICE: LONDON

£3,000,000! ..23,000,000 |

Reserve Liability of Pro-

THE CHINA MAIL, TUESDAY, SEPTEMBER 18, 1934.

Commerce and Finance

NEW YORK STOCK EXCHANGE

£3,000,000 $. E. Levy And Co. And

A.O.F.C. Quotations

Agencies and Branchen:

* $30.000.000

00,000

£ 1,500,000. 1,000

Paid-up Capital

Reserve Fund

prietors

Aloe Bar

Iloilo

Rangoon

Amritvar

[ph

Kalyon

Bangkok

Karthi

Semarang

F. Slankam, Eng.

Barstia

Klon

Sebas

K.. Morelo Logi

flanbay

Боле

Shonghat

1 E. Parce, Eng.

Calcutio

Ensin

&igjine

Canton

Lumpur

X

Cawnpora

Kurbing

Rotenays

Cehu

St

Taiping

1 Colombe

Monit

Tientsin

Dobl

Mekan

Tongtab

Haiphong

New York

(buker)

Hamburg

Peiping

Tingt

Unkow

Marin

Тарана

1'khams beng

LYONS

8. Dwell. Est --- ..

Deputy Chairmas.

Ron. Mr. W, EN, 1944. A. B. Corepina, Ev Wed. Arawick, Faq.

0.0. Knight, Mag.

AMOY HANGKOR BATAVIA HUSIBAY CALCUTTA CANTOS

• ONEFOO

COLUMBU DAIRES POOCHOW

EDNOKEW

HOBA

V. M. Greyburn, Esq.

Chial Manager.

BRANCHES

LONDON

MALACCA

SANELA

State globe)

MADEN

NEW YORK

PLIPINO

PENANG RANGOUS

SAIGOS

MAN FRANCISCO

Foreign Exchange and Conest Ranking business transected

Current Accouate open and Fixed Deposite reentred for ona yaar or abortar periods at tates which will be quoted en application.

W. II. E. THOMAS,

HAIPHUNO

LAMOURER

BANEOW. HARDIS

IPOB

JOIONS

KODE

KOWLOON -

KUALA LUMPUR

SHANGHAI

SINGAPULE

YOURABAYA

SUNGEL PATANI

BEST IN

TOKYO

TINUTAO

YOKOHAMA

Current Aeroculs opened to tocat Currents

and Fixed Deposit received the aus

Akortar parlode to Loral Campeny sud Beding terme which will be quased on application, Bong Kong 18th April, 19.

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

Last

LOCAL DOLLAR STEADY

Spot Silver Declines

The local dallar remains steady, opening on demand this morning at 1/6%..

:

Spot silver has declined 1/16, while forward silver remains un- altered, closing prices yesterday be- Close Opening Noon ng 21 and 21 13/16, respectively. The London on New York cross. 5.00% 500% 500% 1282 1282 1280

rate, which closed at £-U.S.$5.00% 1201

1293 1293

Jon Saturday, closed yesterday at 111

110/

[X-U.S.$5.00%, while the New York 1545 1585 Jon London rate closed unchanged 1043 at £-U.S.85.01.

THE BANK OF CANTON, LTD. w. Wheat May. 87%

SHANGHAI RUBBER

SHARES

Latest Quotations

LOCAL SHARES.

TO-DAY'S QUOTATIONS,

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

Banks.

DEEP GLOOM

PREVAILS ON

WALL STREET

H.K. Bank 1725 n. H.K. Bank (London), 2135 n. Chartered Bank 915% n. Mercantile Bank, A. & B. £30% n.. Mercantile Bank C. £13. Bank of East Asia, $89 b. Am: O. Finance Corp., Sh. $20 n. China O. Fin. Ord., Sh. $4 n. China 0. Fin. Pref. Sh. $5 n.

Insurances.

Canton Ins., $290 n. Union Ins., $535 b., 3537% 88. China Underwriter, $1.15 sa. China Fire Ins., $510 n. H.K. Fire Ina., $247 b., $249 sa International Asɛce. Sh. $6 n.

Shipping,

Douglases, $401 b. H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $30 h. Indo-Chinas (Def.), 888 .. Shell (Bearer), 47/6 n. Union Waterboats, $13% .

Mining.

Further Weakness

In Bonds

BUSINESS NEWS BRIGHTER

New York, To-day. The stock market is very gloomy, despite the improvement In business news. Favourable fac- tors yesterday were the rise in steel operations, and the buying orders under the market.

NEW ADVERTISEMENTS

PUBLIC AUCTION. {

RE Undersigned have received

Auction

Tinstructions to sell by Publi

1

ON FRIDAY, the 21st September, 1934, commencing at 2.80 p.m.

at their Sales Room, No. 35, Hankow Road, Kowloon

A Quantity of VALUABLE HOUSEHOLD

FURNITURE

comprising:-

Unfavourable factors were the Chesterfield couch and armchairs, further weakness in bonds and Teak bedstead, Wardrobes, Chest of the unloading of Steel Corporation drawers, Teak dressing tables, preferred shares.-United Press, wash stand, Cabinet, Teak Ice cheat, per S. E. Levy and Company. Teak desk, Teak bookcase, Tea-poys, 8. E. Levy And Company's Report Teak dining table, chairs, Linen In their market report. Messrs Carpet, Rug, Glass ware, Porcelala Is. E. Levy, and Company. corres ware, Cutlery, Pictures, Gramas pondents for Messrs. White. Weld phone and records, etc., etc.

and Company, New York state:

"Stocks:-We believe there is still time for moderate purchases to be made in the general

area before a trading rally occurs. Business done:-650,000 shares.

"Bonds: Government bonds were slightly off. High-grade is- sues were lower. There small volume of business, with a; few bids coming below the mar ket prices. Second-grade 'issues ruled easier.

NY/Lontlon Cutton Dec.....

Mar.

Silk Dec.

Rubber Dec.

1565

Mar.

1596

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

[C. Whent Dec.

100%

May

101%

104%

C. Corn Dec. .. 75%

May ..

77%

77%

78TL

87%

✓

STOCKS:-

Established 1912.

Amer Smelt

31%

31%

Head Offices-Hong Kong.

Auburn

21

21

Authorised Capital

$11,000,000

Paid-up Capital

8 €65,000 32,170,492

Con Gas NY Da Pent El Bo and Sh

25

25

251⁄4

819%

8***

854

04

0%%

27

201

AN

8

2514

22/

Sh$11.75

18%

Anglo Dutch

3.50

Ipo Mining $21⁄2 n.

Chemor

.93

Itogons $5 n.

Consolidated

3,80

Kailan 26/6 n.

Java Consolidated

2.25

Kroewoeks

.85

S'hal Exploration, Sh. $6 n.

Tanah Merah

2.02/2

S'hai Loans, 18% n.

.88 10.75

Rauba $13 cum div. $13/30 88.

can

Venz; Goldfield, 5 n.

Total Resources

HONG KONG SAVINGS BANK. cted.

The Huninens of the bars fish in conduet

by iba HONG KONG AND BHANGHAI BANKING CORPORATION.

obtained on Appletion.

Rules may

be

FOR THE HONG KONG AND WHANGHAI BANKING CORPORATION

V. M. GRAYBURN,

-Chief Msangat.

Hong Kong, 30th February, 1988.

THE BANK OF EAST ASIA, LTD.

Authorland Capital

Pd-up Capital

Bourse ALE Undivided Profisa

$10,000.00),

$2,484,9000)

READ OFFICE:-HUNO RONG

12. Das Voeux Road Cateral

BOARD OF DIRECTORS:-

Sir Shopsan Choy, Chamkia

14 Koon Chia, Pa., P. K. Kuan Eng Woor

You Tong.

79. 4.

... 22

Branches: Canton, Tolshan, Shanghat, Gen. Motors. 27; Hankow, Bangkok & San Francisco. Int Tel and Tel 85%

264 Loew's Inc. London Bankers: Lloyds Bank, Ltd. MeIntyre 44%

Foreign Exchange and Banking

22 Mont Ward business of every discription trans- Nat Distill....

184 10 NY Central 19

191 Current Accounts opened and Fixed

41%% Stun Oil NJ 414

4112 Deposits received for one year OT

123% Un Airerafi

12% 124 shorter periods at rates which will be US. Steel..... 30%

20% 30% quoted on application.

Safe Deposit Boxes (various sizes)

London Prices.

for hire.

LOUA POOSO SUAR.

"Chief Manager.

SAFETY FIRST! To Safeguard Your Valuables and Jewelleries,

Deposit them in a Vault that_is_really: FIRE-PROOF BURGLAR - PROOF DAMP PROOF! OUR SAFE DEPOSIT VAULT

q., Clan Culog Fuck, Yeqin Li Sanlocated

on the Mezzanine Floor of}

The following quotations' from Lon. don were received last night between 5.30 p.m. and 10.30 p.m.

Silver: Spot 21 13/16 last close), 21% (last recd.), 1/16 down (change). Silver: Forward 21 13/16 (last close). 21 13/16 (last recd.) unchanged.

Silver Report: America, India and speculators bought. Chins sold. Mar- ket steady.

75.00

Messrs. Carroll Bros. have just received the following cabled quo-; Itations of Shanghai Rubber Shares.

(Prices in Shanghai dollars):--

Anglo Javhs

Tebong Ziangbe

STEEL PROSPECTS

IMPROVE

Common Stock Holders

Approach Record

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1804, Bar crived September 18, 8.30 am)

Cleveland. To-day

Gold: 140/5 (last close). 140/5 (last recd.), 1/2d. up (change).

London/N.Y. Selling Rate: 5.01 (lant close), 5.00 13/16 (last red.), 3/18 down (change). Bang, Ky., Wang Chu ham, Eaq. and Kan Ying Our New building is Specially Con- (last close), 75.03 (as reed.), .06

London/Paris Selling Rate: structed to provide all of these Im-down (change). portant Qualities.

Liverpool Cotton-Oet: 6.80 You may obtain a Safe Deposit close), 6.74 (last recd.), Box in this most up-to-date Vault for (change). your own use at a very moderate Ron- Liverpool Wheat-Oct: 5/74 (last The magazine. "Steel" reports tal.

close), 5/0 (last red.), 1d down the industry at 20 per cent, of (change).

London Rubber-Oct.-Dec. (buyers) 71% (last close 7 9/16 (last recd.), 1/16 {up (change).

Kan Toug Po, Esq.. Cinal Manager. LI The Fong, Eng., Muzugar.

BRANCHES AND AGENCIES:-

Parla

Joy

Arable

Batavia

Melbourne

bambreng

Bandey

Bag

bhaoghai

Calqutla

New York

Kingspor

Cestop

(+aka

bourabaya

Lisiphong

Kimasom

Sydney

Talboku

Fataln

Toky

Has Fratrico

Yaacouver

Yatabas

Linking and

Haukow Bonaiulu Kabi

Kowloon

Landaa

Prizing Pang

Tiangono

baguti

Every ription of

bulness transacånd.

securitas.

Exchange Loan gated on approved

ia

Ситтель Алконива време dad Deposita prenized. for

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

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

THE

C AMERICAN EXPRESS COMPANY,

2 your borene susters in Loral sud Foreign Cuterach; farme with will be quated on application.

Bal Depo Dosen to Let.

HAN TONG IN,

Chiat Slmonger.

Hong Kong at March, 1981.

INC.

Head Ofce:-65, Broadway, New York

Capital

Reserves

THE BANK OF TAIWAN, LTD. Surplus

Head Office:-Taihoku, Formoss, Incorporated in Japan by Special Imperial Charter, 1899.

flant

06

down

London Rubber-Oct-Dec. (sellers)

capacity, which shows a rise of

24 per cent. sentiment is bright-

er than for some time.

The New York Steel Institute

7 9/16 (last close), 7 11/16 (last recd.), reports production at 22.3 per

up (change).

London Rubber-Oct-Dec.: at noon (buyers) 7% (last recd.)

London's Forecast

cent. of capacity, which is up 1.4 per cent.

The United States Steel Cor- A forecast from London on the pro-poration's common stock holders bable trend of the New York market, this month total 191.773 which

is 1.414 above Jane. It is the se-i In wheat, although sentiment is cond highest record (which is mostly bullish on account of the threa-192,384 in March. 1939). Unit- thened importation, little change is ex-

states:

.U.S.$6,000,000.00 pected owing to the attractiveness of ed Press. per S. E. Levy and Co.

Taidelberg Interlaken

2,087,112,80 1,295,528.81.

Parle Popu Palermo

Antlerdam.

BRANCHFS:--

Amsterdam

Geno

Central Bank of Formosa, Notes

Astwar?

Albenza

largon The linge

Issued Average amount Y.45,000,000

Branches and Agencies.

ABUAN

Bratur

Havana Hamburg

Mis

Naples Pin

Bertia

Havra

Brea

Bombay

res

Culro Calcutta Cano Colombo

London Liverpral

Lucerne

Logano

Shanghi Southampton Sippor Thent

Copeabigen 1120

Taormina

Moure Carlo

Marita

Spazarch

Viran Vento Yokoham Zurirb

stran

Japan:-Kobe, Osaka, Tokyo, Yoko

hama, Keelung, Makong, Nante, Shoka, Sinchiku, Talchu, Tainan, Taito, Takao, Tamsui, Toen. China:Amoy, Canton, Foochow, Han.

kow, Shanghai, Swatow. Others: Bonibay, Hong Kong, London, New York, Singapore, Batavia, Samarang, Soerabaya, Dairen.

jibin Blaborgh Finnega

Genera

prices.

A lower Rubber market is expected. Cotton prices are expected to open slightly lower on weaker Liverpool

cables and a continuance of hedge selling, but weather conditions are bul- lish, while General Johnnon's speech

•

DODGE CONSTRUCTION AWARDS TRIPLED

denouncing the strike is considered to Dodge Corporation be helpful towards a settlement.

New York. To-day. The F. W. construction statisticians reported a marked rise in construction awards in August due to the Public Works Adminis- They state that the public works awards for the eight months of this The following quotations have year are triple those of the corres- been received by Messrs. S. E., Levy ponding period of last year. and Co., and the A.O.F.C.

United Press. per S. E. Levy and Sept. 15 Sept. 17 Company.

LATEST QUOTATIONS ration.

New York, Yesterday.

Bronches of American Express Com-

in Principal cities of United New York Cotton: States of America and Canada.

On and after April 20th, 1934, the rate of Interest on Special Current Deposit will be at 1% p.a. on daily balance and the rate for balance over any $10,000 will be quoted on application (Maximum rate-1%).

Y. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central

Closing Closing CHICAGO BUSINESS IMPROVES

All classes of Commercial Banking Transactions undertaken.

October December January Personal investment accounts] March handled.

12.72

12.84

12.82

12.91

12.84

12.93

12.91 13.02

May

12.95 13.04

July

THE YOKOHAMA SPECIE BANK LIMITED.

The

Company offers to intending Travellers the use of its "Travelers New York Rubber; Cheques" and Letters of Credit and in addition, the world-wide cervices|

Spot

13.00 12.95

13.07 13.05

October

15:29 15.30

December

15.65 15.56

January March

15.66 15.60

15.96 15.93

Established 1890

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

Yen.124,250,000

Head Office:-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

(Daing

Harbin

Hong

Kour

Honolulu

Hainkicg Karachi Kobe

London

Negasek! Nagoya New York

Paris

Osaka

Peiping

Rangoon

(Mukden) Rio de Janeiro

Los Angeles

Manila

Mojit

San Francisco

Seattle

Semarang

Shanghai

Soersbaya Sydney Tientsin Tokyo Taingtau Yingkow

Interest allowed on Corrent Ap Deposits received for fixed perlada

1 rates to be obtained 'on application.

-C-KISHINAMI-

Manager. Hong Kong, 11th September, 1934.

of its thoroughly equipped Traval De- [partment,

C. H. BENSON,

General Manager.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED. (Incorporated in China)

Capital paid up......$5,000,000.. Reserves

..$7,000,000. Capital Savings Dept." $500,000, Resorve Savings Dept. $600,000. Head Office-Shanghai

A Bank having, ar 10u mission tha industrial development of China and the fostering of her commer- cial relations abroad. Flong Kong office 7 Ice House St.

•Phone 81481-2-87)

Job Printing

PEASONABLE

PRICES

May July Chicago. Wheat:

16.22 16.19 16.48 16.45

Chicago, To-day. Business ac- ivity in

is Chicago

10 per cent, above that of last year.--- United Press, per S. E. Levy and Company.

H.K. SHAREBROKERS'

· ASSOCIATION

Stock Report

The following report was issued | by the Hong Kong Shatebrokers' Association yesterday afternoon: Bank of East Asia $89` b.. Canton Tasce $285 b. Underwriters $1.1588. H. K. Fires $245 b. Unions $532 b.

September December May Chicago Corn:

103% 104% 103% 104%%% 104 105%.

September

December

May Winnipeg Wheat:

76 75% 77%

777A

793%

October December May

82% 89% 83142 884 87% 38-

Antamoka 62 cts. b. United Paracales 24 cts. b. Gold Rivers 23 cts,” b. Raubs $12.80 bit

Vens Golafields 4432 b. Lands 150 b.

1.99

1.92

1.95 1.98

May...

1.98

1.97

New York SUK:

December

111

1.12

February April

$1.12

1.13

1.18

New York Metals:

Copper October

Tin, "October

New York Sugar:

October March

Wharves 3108 6.

Providents Old $1.40 b. Trams $20 b.

Lights Old 88.60 b. Lights New $8.30 b. Electrics $7135 b Constructions New 75 cca. b. Constructions Old 31.55 b.

- Nanyangs" $4.70 D.:

Gold Bonds 854% b.: Vibro Piling 36 b. 36,10:38.

Antamoks, 62 eta. b. Balatoes, $97 b. Baguio Gold, 47 b. Benguet Consolidated 42 cta. b. Benguet Exploration 18 ets. b. Benguet Goldfield, 20 cts. m. Big Wedge, 12 cts. n. Gold Creek, $2 B.

Gold Rivers, 23 cts, sa.

Langkats (Single) Sh. $17 n.

Docks, etc. H.K. Wharves, 111 n. H.K. Doeke, $14% n. Providents (old), $11 n. Providents (new), $50 cts. n. Hangkewa, (old) Sh. $309 n. Hongkews, (new) Sh. $308 n. New Engineerings, Sh. $4% ¤. S'hai Docks, Sh. $118 n.

Cotton Mills

Ewo Cottons, Sh. $10.85 b. S'hal Cottons (old), Sh. $75. S'hai Cottons (new), Sh. $44 n. Zoong Sings, Sh. $11% . Wing On Textiles, Sh. $55 n,

Lands, Hotels, etc.

H. and S. Hotels, $5.40 . H.K. Lande, 850 b.

S'ha! Lands, Sh. $27 n. Metropolitan Landa, Sh.”$14 n. Humphreys, $10 n.

1 4

H.K, Realties, $4.70 b. Asia Realties "A", Sh. $140 n. Asia Realties "B" Sh.$20 n. Chinese Estates, $99 6. China Realtles. Sh. $15% n. China Debenture. Sh. $137 n.

Public Utilities,

H.K. Tramways, $20 b. and Peak Trams (old), $15 n. Peak Trams (new), $7 n. Star Ferries, $98 n.. Yaumati Ferries, $21. C. Lighs (old), $8.60 b. and sa, C. Lights (new), $8.20 b. H.K. Electrics, $714 n. Macao Electrics, $25 n. Sandakan 'Lights, $8 s. Telephone (old), $29.90 b. Telephone (new), $11.10 b. China Buses Sh. 13.20 n. S'pore Tractions, 57- b. Singapore Pref., 17/6 b.

Industrials.

Malabon Sugars, 39 s. Cold: Macg: (ord.), Sh. $20 n. Cald: Macg. (Pref.), Sh. $21 n. Canton Ices, $2:70 n. Cements, $2,60.. H.K. Ropes, $9.65 8.

Stores, etc. Dairy Farms, $241⁄2 n. Watsons, 85.60 n. Der. A. Wings, $1 n.

Lane, Crawfords. $4.15 n. Mackintoshs, $21 n. Sinceres, $10 m. Wm. Fowells, 70, cts. n. Wing On (H.K.) $110 ǹ.

Miscellaneous.

WAS а

(Continud on Page 10.) Latest Quotations

The following quotations have been received through Messrs. S. E. Levy and Company and the Ameri-

Oriental Finance Corpora

flon:

New York, Yesterday.

Laat To-day's close close

N.Y,/London Cross-Rate 5.00% 5.00%

N.Y. Cotton-Dec.

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

12.82 12.91

15.55 15.56

103% 104%

774

75%

49% 49%

(Dow Jones Avg

Sept. 15. Close Change

30 Industrials .. 87.34 86.09 .65 off

20 Kalis

33.42 33.19 23 off

aleo

A Few Pieces of Blackwood Furniture

On View from Thursday, the 20th September, 1934,

Terms: Cash on Delivery.

LAMMERT BROS.,

Auctioneers.

Hong Kong, 18th Sept, 1934.

XXXX

Everything

gone

BUT YOUR

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

20 Utilities

18.75 18.78 .02 off

.

40 Bonds

90.55 90.27 28 aff

11 Commodity

Index 61.17 61.69 .62 up

18 Leading Stocks.

Close

Amer Can

94%

CHITS

Amer Smelt and Ref.

821

Amer Tel and Tel

100%

Auburn

21%

J.I. Case

37

Du, Pont

84/4

SAVINGS

Elec Bond and Share

914

General Motors

271%

Int Tel and Tel

8%

SAVE SOMETHING

McIntyre

46-

22

18%

19

1814

94

1214

2974

29%

Montgomery Ward- Nat Distillers N.Y. Central Socony-Vacuum Union Pacific United Aircraft

sa. U.S. Steel

H.K. Amusements, 34 n. Entertainments, 37% ́n. S.C. Enterprises, $1.50 n. United Theatres, 8h. $1 Macao "Greyhounds," $2 n. Constructions (old), 81.80 m. Constructions (new), 78 ets. b. Ch Govt. 5% 1925 GBds

87% n

H.K. Govt. 4% Loan 6% prém b H.K. Govt. 84% Loan 8%%

prem, b.

Wallace Harpers, $7% a.

CANADIAN MINERAL PRODUCTION UP

New York, To-day-Mineral pro- duction in Canada during the first six months of this year totalled U.S.$181,942,120, as against US $99,647,191 during the corres- panding period of last year.— United Press, per . Es Levy, and Company

West E and M

Business done:-650,000 shares.

PLYMOUTH COUNCIL

RE-FINANCING

London, To-day.

START NOW

UNDERWRITERS SAVINGS BANK

FOR THE FAR EAST,

INC.

Aaia Life Building. Hong Kong.

Tel. 80234.

The Plymouth City Council has approved the creation of £1,000,000 X=>=>=> worth of Corporation redemption stock, 1954, for the purpose of re- paying the short term mortgage. The issue will be offered on Thurs- day-British Wireless Service.

U. S. TREASURY EXCHANGE OFFERS TOTAL $530,000,000

Is It Insured? ?

fasurance — All Classes LOWEST RATES: American Asiatic Underwriters. Fed. Ino, U.S.A, Generál Agents

Head Office

New York, To-day-The United States Treasury has received ex- change offers totalling U.S.8690,- 000,000 from a total of U.S.$1,250, 000,000 in the Fourth Liberty 17. The Band, Bends re-financing offer, Wall

Shanghai, Street considers this to be dla- appointing. United Press, per

5. E. Levy and Company.

S. E. Levy & Co.

ין

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, INIC. CHICAGO BOARD OF TRADE ·

...

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

ROMANIA 7.ICE HOUSE STREET, HONG KONG

Tel. 30101 and 80103

HK. Once Asia Life Ballding Tol. 30224

Tel Addres: Selco