1934-09-28 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Authorised Capital

$50,000,000

Lassed and Fully Paid-up 30,000,000

Honors Funde 1 ---

Berling immun € 6,300,000 Birat sramnomaran $19,000,000.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

Raserve Liability of Proprietor

20,000,000

HEAD OFFICE: LONDON

Paid-up Capital

HEAD OFFICE: HOHOXONG,

Reserve Fund

£3,000,000 £3,000,000

£3,000,000

臨時

Salper

BOARD OF DIRECTORS,

Hou, Mr. 0.0. B. Wadkis

Chairman

> Dodwell, Beg.

نامج

f. J. Komick, P.

Reserve Liability -of-Pro-

prietors

Agencles and Branches?

Bemerang Beha

Slanghet Napipore Busan

THE CHINA MAIL FRIDAY, SEPTEMBER 28, 1934.

and

Commerce

Finance

NEW YORK STOCK EXCHANGE

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

Afor Ba

Follo

Aurilor.

Deputy Chairman,"

Spod

Bangkok

Karch

Man, Av.-Y. IT.

G. Hiskia, Esq.

Bateria

Blank

1. Compton, EM,

A. B. Morrisou, Esq.

Barabay

Koba

TE. Pearse, Leq.

Caleatte

Kuela

. O, Knight, Maq.

Canlan

Lemper

Y. M. Gnybum, Eag

Cawnpore Cebu

Buching

*Bourdonys

Mladeno

Talplog

Colombe

Stanl

Tintain

Medan

Tengkal

New York

huker)

Insta

Yokubans

Resang

Burabongs

{NY/London..... 4,967 Cotton- Dec. 1253

Mar.

127.1

AMOY

LANGHOS

BATAVIA

BUNDAY

MURDER

PEPING

BAN PRANCIBCO

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

Last

Close Opening Noon

498 1257, 1257 1271 1271

114 1515

CALOUTTA

CANTUN

CHEFOO COLOMBO DAIBEN

POOCHOW HAIPHONG

HAMBURG BANKOY KARUIN HONGKRW

ILOILO

ТОНОВЕ

KOSE..

KOWLOON

Chist Manager.

БВАКОПИЕ

LONDON LYONE

MALACCA

MANILA MUA

(Job)

*NEW YORK-

PENANG

RANGOON

BAIOON

KUALA LUMPUR ·

BHANDBAL

BINGAPORE

ТОСПАВАХА

HENGEL PATANI

TONIO

TRINUTAO

YOKOHAMA

Our Accounla opened in Inet Currency

sal Fixed Depolis received for one fear of shorter perioda in Local Company and Burling

a sorme which will be quoted on application. Hong Kong, 18th April, 1934.

Italphong iJamburg

Hankow

Hoas Koat,

P

Foralgo "Enchange and Diners). Denklag kunnası | Silk Dec. y............. 114 iranesclad.

Current Accounts speed and Pled Depolis Rubber Dec. zired for one year or shorter periode at rates which will be quesed on appliestion.

W. H. E. THOMAS, -

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

THE BANK OF CANTON, LTD. Amer Smelt

Established (912.

Auburn

IPOH

TENISIN

HONG KONG SAVINGS BANK.

The Burizer of the above, Dank is conduct. by the HONG KONG AND SHANGHAI BANKING CORPORATION. Ilutes may susalued on application.

FOR THE HONG KONG AND SHANGHAI BANKING CORPORATION.

V. M. ORATHURN,

Chief Maunger.

Hong Kong, is Februnty, 1984.

THE BANK OF EAST ASIA, LTD.

$10,000,000,00 $4,598.800.

2,484,000.00

Authorized Capital anomenat

P-up Capital Adoption

Bosorii auf Undivided froße

HEAD OFFICE: HONG KONG

1, De Vor fload Casiral.

BOARD OF DIRECTORS:-

He Shou-sce Chow, Chairman,

1. Chan Ching Bbol, Esq. Li Lan

Esq. . . Kwok, Euq., Wang

Tua Tong.

Bang, Kag., Wong Chu Son, Esq. und "Kan Ting

, q

ASDDY

Batavia

Boubay

Ostunita

Colon

Halpbabi

Kan Tong Po, Esq. Clási Manager.

Li The Poug. Esq., Manager.

DRANCHES AND AGENCIES,

Manila Melbourne

New York

Sretr

Бево

Shanghai

Alagapore Sourabaya Exslow

Ragnall

Osaka

5.

Paria

HeaLow Honolulu

Peipfor

nes

Pensaz

Raco

Taiboku Zanteln

Selgor

Toky

San Fra

Kowloom London

VAMODULYE Makohase

Every deptloaf Danking and Exchangy Bulas transit. Lonon granted on approved

Curresi Acounts opened in Local Bus Fixed Deposits, roonivad for ope you shorter periods In Local and Foreign Currencias

arm which will be quoted on "application. Safe Deposit Boxes To Let

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

:...

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

Books,

H.K. Bank $1726 n..

WALL STREET

RULES QUIET

AND IRREGULAR

Interest Focussed On Washington

INDECISION INDICATED:

New York, To-day.

ROOSEVELT'S TALK TIN AND RUBBER

AWAITED

Influence On Market Anticipated

EXPORT BOOM CHEERING

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Messages Ordinance, "1896. Be celved September 28, 8.44. a.m.)

New York, To-day. The market is quiet and irre-

President Roosevelt's nation-wide gular, with movements in most broadcast on Sunday night will cases confined to minor fractions, probably be of the greatest import- Interest, at present, is focussed ance to the market:

en Washington and narrow and Favourable factors governing yes- Indecisive movements seem to be terday's markets were: 15 August n. indicated for the time being.

exports were the highest since 1980, 8. E. Lovy And Company's Report showing an out of season rise.

H.K. Bank (London), $1861⁄2 n. Chartered Bank £15 p. Mercantile Bank, A. & B. £30, Mercantile Bank C. $18, Bank of East Asia, $93 n. Am: 0. Finance Corp., Bh. #20 m. China O Fin. Ord., Sh. $4 x. China O. Fin. Pref. 8h. 85 m.

Insurances.

International Assca. Sh. 16 n.

Shipping.

Mar

1525 1505

1558

C. Wheat Dec.. 103

103%

May....

103%

103%

Canton Ins., $285 n..

C. Corn Dec... 78.

78%

Union Ins., $535 n.

May ..... 79%

80

China Underwriter, $1.15 n

W. Wheat May 874 STOCKS:

87%

China Fire Ins., $510 n.

84% 25

34%

34

H.K. Fire Ins; $249 n.

26

Con Gas NY 20%

2015

80%

Du Pont ..... 00%

DO

91.

Head Office-Hong Kong.

E Bo and Sh... 11.

114

11%

Authorised Capital

Gen Motors ... 294 $11,000,000 Int Tel and Tel 101%

29%

10%

10%

Paid-up Capital

28%

29%

Total Resources ......

47%

45%

20

2014

274

2011

20%

20

22% 23

43%

43% 33% 844

Nat Distill

8,855,000 Loew's Inc. ... 282 82,170,492 McIntyre... Branches: Canton, Toishan, Shanghal, Mont Ward Hankow, Bangkok & San Francisco, London Bankers: Lloyds Bank, Ltd., NY Central...

Foreign Exchange and Banking Stan Oil NJ... 43% business of every discription trans-U.S. Steel... 334 incted.

London Prices. Current Accounts opened and Fixed

The following quotations from Lon- Deposits. received for

one year or den were received last night between shorter periods at rates which will be 6.30 p.m. and 10.30 p.. quoted on application.

Safe Deposit Boxes (various sizes)

for hire.

LOOK POONO SBAX,

Chat Masager.

SAFETY FIRST ! To Safeguard Your Valuables and Jewelleries. Deposit them in a Vault that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF!

Sver: Spot 22-5/16 (last close), 22 (last recd.), 1/16 up (change).

Silver: Forward 22% (last close), 22-7/10 (last recd.), 1/16 up (change). Silver Report:--Speculators bought and sold. Market steady.

Gold: 141/3 (last close), 141/4% (lant close), 1. up (change),

London/N.Y. Selling Rate: 4.07% (last close), 4.90-1/16 (last recd.), 1-3/16 down (change).

London/Paria Selling Rate: 74.59 (last elose), 74.53 (Inst recd.), .08 down (change),

Liverpool Cotton-Ost: -6.77 (last OUR SAFE DEPOSIT VAULT (close); Jan: G.72 (last close), 6.68 (last located on the Bezzanine Floor of red.) 04 down (change).

Liverpool Wheat-Oct.: 5/15 (last] Our New building is Specially Con- structed to provide all of these Im-close); Dec.: 5/5 (last close), 6/5%%

(last recd.), unchanged. portant Qualities.

London Rubber-Oct.-Dec.: (buyers)

You may obtain a Safe Deposit (last close) 7-3/16 (last recd), 1/16 Box in this most up-to-date Vault for your own use at a very moderate Ren-down (change). tal

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

THE

London Rubber-Oct.-Dec. (sellers) 7-7/16 (last close), 7% (last red.), 1/16 down (change).

London Rubber-Oct.-Dec.: |(buyers) 7-5/16 (last recd.)

London's Forecast

at noon

A forecast from London on the pro- bable trend of the New York market, states!

With little change in the internal situation, it is not expected that Wall Street will show any material altera.

| AMERICAN EXPRESS COMPANY, tion HAN TONG PO,

Bong Kong, at March, 1984.

Chief nge.

THE BANK OF TAIWAN, LTD.

Head Office:-Talkoku, FormosR, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Notém

issued Average, amount Y45,000,000 |

Branches and Agencies,

INC.

Head Office: 65, Broadway, Now York

Capital

Surplus

Reserves

.U.S.$6,000,000.00 2,087,112.69 1,995,628.81

Hi Noo Naples

.Paris Poip; Prito Reiserdaru Bun Sheph Southampto Elegant Hentilu Taormina

BRANCHES:-

Japan:-Kobo Osaka, Tokyo, Yoko-

kow, Shanghai, Swatow.

China:-Amoy, Canton, Forchow, Hans

hama, Keelung, Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsui, Teen, Karenko, b Kagi, Heito, Giran

Amsterdam? Antwerp Athan Амика Beatse

Gonon Glasgow

The Hague

Havana Hamburg

Berlia

Havre

Heidelberg

Bestan

Calro

berlakon Jerusalem Lpadaa

Calectis

Colombo Copenhagen Dublin Edinburgh Florence

Interprst Libertie Lugana

Mur

Vienna

Monte Carlo

Venice

Stenlia

Stenich

Others: Bombay, Hong Kong, London, Canne

New York, Singapore, Batavia, Samarang, Soerabaya, Dairen. On and after April 20th, 1934, the]

on Special Current Geners rate of Interest Deposit will be at 14% p.a, on daily, balance and the rate for balance over $10,000 will be quoted on application (Maximum rats—1%),

Hong Kong Branch

Y. OHNO,

Manager.

8, Des Voeux Road, Central -

THE YOKOHAMA SPECIE BANK

LIMITED.

Established 1980

Montreux

l'chcha

Zurfcb

The Wheat market is expected to open steady,

Rubber may open easter.

The Cotton market is expected to rule dull and about unchanged. The technical position has improved by the completion of October liquidation.

LOCAL DOLLAR ADVANCES

Silver Prices Improve

The local dollar has advanced.%. jopening on demand at 17%, this

morning.

Spot and forward silver have ad- vanced 1/16, closing prices yestar- day being 22% and 22-7/18, respec- tively.

The London on New York cross- rate,' which closed at £-U.S.$4.96% Branches of American Express Comon Wednesday, closed at U.8.84.- pany, in Principal elties of United 90% yesterday, while the London States of America and Canada.

Jon New York rate closed unchanged All classes of Commercial Banking at U.S.$4.95%. Transactions undertaken.

Personal investment accounts TRADE TALKS ARE

handled.

SUSPENDED

Company offers to intending Anglo-German Deadlock

The Travellers the use of its "Travelers Cheques" and Letters of Credit and, Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Reserve Fund

Yen 124,250,000 of its thoroughly equipped Travel De

ipartment.

Head Ofea-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcatta

Ganton

(Dalny)

Hamburg

Hankow Harbin

Hong

Kong Honolulu

Beinking

Los Angeles Manila Most

Nagarak)

Nagoya

New York

Osaka

Paris

Peiping Rangaon kden) Ria. Je Ieneiro

San Francisco Seattle

Semarang Shanghal Singapore

Soerabaya'

Sydney Tientsin Tokyo

Tsingtan Yingkow

Interest allowed on Urent Ad

Deposits received for fad Yarlo

'Et rates to be obtained on application:

G. KISHINAMIK

Mapager Hong-Kong, 11th September 1984

C. H. BENSON,

General Manager.

London, To-day.

The Board of Trade announce that discussions between the United Kingdom delegation and the repre sentative of the German Govern- ment have been temporarily Bus- pended in order that the United Kingdom delegation may report to THE WING ON BANK, LTD. His Majesty's Government and take further instructions.-British Wire- HONG KONG

less Service. Authorised Capital $10,000,000 Foreign Exchange and Banking Business of every description transacti ed,

Current Accounts opened and Fixed Deposits received for one year or shor ter period at rates which will be quot ed on application.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED.

(Incorporated in China);;),(4

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

$7,000,000: Capital: Savings Dept $500,000. Beserve Savings Dept. 1500,000

Safe Deposit Boxes (various size) Head Once for hire

PHILIP GOOKCHIN

"GOCKCHIN. Assistant Man

Manager

LI SHU FONO

“Assistant, Manager.

industrial development of

A Bark having as ita miazion, the

and the fostering of

gelal relations abroa

#lion* Kong ofice

Phone

Douglanes, $401⁄2 n. H.K. Steamboats, $7 n. Indo-Chinas (Prof.), $30 m. Indo-Chinas (Dèf.); $88 n. Shell (Bearer), 49/4%. n. Union Waterboats, $18.

Mining.

Antamoks, 60 cts. n. Balatocs, $37 n. Baguio Gold, 47 n.

Benguet Consolidated 424 cts.

...

Benguet Exploration 18 cts. Benguet Goldfield, 20 ct#. x. Big Wedge, 101⁄2 eta, b. Gold Creek, $2 n.

Gold Rivers, 22 cts. b. Ipo Mining $23⁄41⁄2 n. Itogana $8:30 n. Kallan 26/~- 11.

Langkats (Single) Sh. $17% m. S'hal Exploration, Sh. #5 n. B'hai Loans, $61⁄2 IL Raubs $12.90 n. Venz; Goldfield, $5 n.

Docks, etc.

H.K. Wharves, $107 b. H.K. Docks, $14% n. Providenta (old), $15.b. Providents (new), $50 cta, n. Hongkews, (old) Sh. 1809 New Engineerings, Sh. $4% n. S'hai Docks, Sh: #118 m. --

Cotton Mills.

2.

In their market report. Messrs. The Federal Reserve Board has S. E. Levy and Company, corres-postponed the effectiveness of the pondents for Messrs. White. Weld margin requirements until October and Company, New York state: 15. 9. The Federal Reserve Banki "Stocks: We believe that prices of New York reports that the will be higher between now and the wholesale August sales for the Elections in November, but we Metropolitan area was G.5 per cent. would not buy too heavily. Busi-above those of the previous year. ness done: 800,000 shares.

An unfavourable factor was that

SHARES

Latest Quotations From Singapore

The following quotations fran Singapore dated September 21 on Tin and Rubber shares (prices in Straits Currency) have been rem ceived by Messrs. H. B. Joseph ind Co., local stock and share brokers: Mining

Kintas $2.50 b., 82.55. s. Kuchais $1.02 b., $1.05 s. Kampong $5/9-b. Linguis $1.20 b.

Lukuts $971⁄2 b. $1.02% 8. Sungel Luas $1.30 b., $1.35 T. Harbours $6.76 b.. $6.00 3. Takuapas $22/—

Rubbers

Alor Gajah $1.55 b.

Ayer Panas $1.95 b., $2.00 8. Ayer, Moleks $1.30 b.

Bukit Katils 80 cts. b., 8-cts. H. Bassetts 77 cts. b., 82% ctes,

Brogas. $1.02 b., $1.07% ¤, Brunei United 35.25 b.

Bonds-United States Govern-Federation of Labour reports, Bukit K. B. 40 cts. b.

ment

fasues were

easier. High-

grades remained unchanged, but that there is a lessening of the sen- are developing strength. Second-sonal decrease in unemployment.- grade issues made a slight gain. United Press, per 3. E. Levy and

"Wheat:

There are prospects that the next Corn crop estimate will be lower, which is a sustaining factor. Wednesday's sales: 17,035,- 1000 bushels. Corn salés: 7,541,000

bushels

:

(Continued on Page 13.)

Latest Quotations

The following quotations have! been received through Mesars. S. E. b. Levy and Company and the Ameri Oriental Finance Corpora

can tion:

Naw York, Yesterday,

Last To-day's close close N.Y/London Cross-Rate: 4.96% 4.98% N.Y. Cotton-Dec...... 12.58 12.50 N.Y. Rubber-Dec. 15.25 15.07 Chic Wheat-Dec. 103% 103% Chie Corn---Dec. 78% 78

Silver-Official ....

(Dow Jones AvgJ

30 Industrials 120 Rails

20 Utilities

Auburn

Company.

PRIVATE CREDIT DRAINED

U.S. Govt. Alleged Financing Itself

SPECIAL TO CHINA MAT

Washington, To-day.

Mr. Henry Fletcher, the New York financial expert, has charged the United States Government with draining private credit to finance It- self.

The way the Government fin ances are conducted, with double Bookkeeping, shifting money poll 49% 49%*cies, pegging the market for

Government bonds, official specu : To-day's Sept. 20 Close Change|lation and foreign exchange, 92.44 93.40 .96 up makes one think that the money 30.01 36.62 61 up exchangere will be driven out of 20.05 20.80 15 UP Wall Street into the Treasury,” 92.00 02.26 26 up

.

Index 69.85 90.86 01 up .17 Leading Stocks

he declared..

08% SHANGHAI RUBBER

SHARES

40 Bonds

11 Commodity

n.

Amer Can

Amer Smelt and Ref.

34

Amer Tel and Tel

112%

20.

Case

4-47%

Du Pont

91

Elec Bond and Share

11%

a. General Motors

20%

n.

Ini Tel and Tel McIntyre

44

Montgomery Ward Nat Distillers

271%

Ewo Cottons, St. 810.30 n. S'hai Cottons (old), Sh: $75 S'hai Cottons (new), Sh. $44 Zoong Sings, Sh. $11. n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc, HK. and S. Hotels, $5.40 b. H.K. Lands, $50 b.

H.K. Lands 4% Debentures

prem. buy.

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

H.K. Realties, 84% b. Asia Healties “A”, Sh. $140 n. Asia Realtles "B" Sh.$20 n. Chinese Estates, $99 n. Chinn Realties, Sh. $15. China Debentures, Sh.--

Public Utilities, H.K. Tramways, $20 b. Peak Trams (old), $15 n. Peak Trams (new), 7 n. Star Ferries, $98 n.. Yaumati Ferries $21. C. Lights (old), $81⁄2 n. C. Lights (new), $8.30 b. H.K. Electrics, $71 b.. Macao Electrica, $25, n. Sandakan Light, $8 s. Telephone (old), $28.80 n. Telephone (new), #11 b.... China Buses Sh. 18.20 n. Bingapore Tractions, 5/- b. Singapore Pref, 17/9 b

Industrials.

N.Y. Central

Socony-Vacuum Union Pacific

% West E and M

U.S. Steel

Malabon Sugars, 38.70 n. Cold: Maeg. (ord.), Sh. $21 m. Cold: Macg. (Prof.), Sh. $20 ̊ n. Canton Ices, $2 b.. Cements, $2.40. H.K. Ropes, $3

Stores, etc.. Dairy Farms, $24. n. Watsons, $5.60 n. Der. A Wings, 81 n. Lane, Crawfords, $4.15 m. Mackintoshs, $21 n... Sinceres, $10 n. Wm. Fowells, 70. cts. n. Wing On (HK), 110

Miscellaneous,

H.K. Amusements, 24 n. Entertainments, $7% n. 3 8.C Enterprises, $1.80 n. United Theatre, Bh.14 Macao Greyhounds," 42 n Constructions(old), $1,80 m.

Constr Ch. Go

prem

Business done:-800,000 shares,

Latest Quotations

Messrs. Carroll Bros. have re- 10% ceived the following cabled quo- tatlong of Shanghai Rubber 2014 Share... (Prices in Shanghai Dol 22% lara)

Anglo Javas $12.00.

14%

102

34%

Anglo Dutch $8.30.

325%

Chemors 94 cts.

NEW YORK STOCK EXCHANGE COMMITTEE FORMED.

Consolidateds $3.70,

A

Java Consolidateds $2.20. Kroeweeks 85 cts. Tanah Morah $1.99. Tobongs 66 cts. Ziangbo $11.25,

Changkat Serdang $5.75 b. Glenealys $2.27 b. $2.321⁄2 a.. Indragiris $1.271⁄2 b... $1:35.6. Kempas $3.20 b,

Kuala Sidims $2.45 b., $2.65 8. Kluangs $6.00 b., $6.25 9. Mentakabs 42 cts. Ex R..

cts. Ex. R. Bi Mandal Tekong, 29 cts. b., 32

cts, .5. Malake

Pindaa $1.67 $1.72% 8.

Du

New Sendais $1.87 b., $1.92%

Nyalas $1.30 b., $1.35 .. Pajams $2.27%1⁄2.b., 32.371⁄2 Punggore 42 cts. b. 45 cta, s... Sungel Tukangs $1.15 b., 1.208. Telok Ansons $1:40 6. Tapahs $2.27 b. $2.376 . Tambalake $1.02% Cum.

$1.07 Cam...

United Malaccas $1.80, Ex. Dly....

6., $1,85 Ex Div. 4. Ulu Fanden $1.35 b.

Ulu Benuts 53 cts. b., 59 cts.

器。

Raub Australian Gold Mining Co.

Ltd.

Buyers Str. $8.50 Ex Div.

Sellers Str. $8.75 Ex Div.

COTTON, REDUCTION

CRITICISED

Farmers Policy To Be Decided Early

SPECIAL TO CHINA MAIL, (By Felegraph, Copyright, Clepra phie Messages Ordinance, 1895, Re ceived September 28, 8.44 m.)-

Washington, To-day.

The United States Secretary of Agriculture Mr. Henry C Wallace. holda the opinion that the reduction of United States. cotton is insufficient to build up foreign competition to a great extent.

He said that Southern farm- ers were confronted with a ques tion of policy which must be de- cided before next Spring.-

ed Press per S. E. Levy and

New York, To-day-The New York Stock Exchange has appoint- ed a non-member on the Advisory RETURN TO GOLD STANDARD Committee. Ten persons, including MUST PRECEDE RECOVERY bankers, Industrialists, -a rafiroad} » president, and partners of five Ex-

Chicago, To-day The Federal Company: change member firms comprise the Advisors Council, composed of one committee who will attend a meet-representative of each Federal ing of the Board of Governors.- Reserve district have forwarded a Company.

letter to the Reserve Board stat Is It Insured? ing that a return to the gold stan- RAILWAY INCOMES DECREASE dard must precede any permanent recovery. United Press," per "S. E. Levy and Company.

1.

New York, To-day. The New York Central Railway showed a net operating Income. during August of $2,524,476, as against $4,450,661 Last year

U.S. RAILWAY PENSIONS.

Insurance AHZCIARDOM

LOWEST RATES TOAS American Amatic Underwriters Fed. Inci USA General Agents

New York, To-day. Beginning Head Oles The Pensylvania Railway showed on October 4, the Supreme Court is anet operating income during likely to hear arguments regarding August of $3,703,096, as against the constitution of the Railway 87,623,980 United Presa, per S. Epension question. United Press, Levy and Company,

per S. E. Levy and Company, fo

AGRICULTURAL MARKET VALUES RISE

New York, To-day-The Agricul- tural Adjustment Administration has anounced that the merket value of wheat, corn, hogs and cotton is 101 per cent above 1982 and 25 per cent. above last year.

The A-AA is planning to ques tion farmers regarding the desir- ability of the continuation of the Bankhead Act United Press, per S. E. Levy and Company,

WORLD SILVER PRODUCTION ON INCREASE

New York, To-day Acording to the Bureau of Metal Statistics the

anghal

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

COMMODIT

CHICAGO BOARD OF TRADE

CORI

ITE WELD

"ICK HOUSE STE

20101 and 80103

NEW TOLK

KHÔNG TÔNG

HE O

Aula Lite

Buildig

·Tel.:80234)