1934-10-17 — Page 6

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Aborted, Capo

Massive Funde, ~-

uanged mart Pully. Pankaj

>

$3,

A

PAL,SOROR

Rare Listing of Propermione ......191,000,000 BEAD OFFICE. DONGRONI

WATUD OF HERECTORS

× Man. Me. “G, ti, d, Backre

M. 10, lány

---Papang Communau

, Mr. W. I D

A, El. Complung da

*, J. Kuanov,EST 300 Keigh, BT,

AKUY MANASOE

HATAVIA KOMBAI RAIGHT. A

CASION GREPU

COLUMBO PAIDEN

HAIPHONG HAMMO JANKOW LAMBIN

IONUKIW LAN

..Jun

JOHORE

QUE

CAWLOON

V.

And Maám, Pag.

K. Marrimati, Eng

kr. Puuri, Day,

firepburn, Eng karni ilmungur.

Bisa Mtik z ma

1

L

THE CHARTERED BANK OF INDIA, AUSTRÀLIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON Paid-up Capital

Reserve Fund

THE CHINA MAIL, WEDNESDAY, OCTOBER 17, 1934

Commerce and Finance

CHINA MAY OPERATE 43,000,000 THROUGH LONDON

.£3,000,000

Reserve Liability af Pras....

pricters

.£3,000,000

Alar Hat

Anrilear magkak Hatula

Caletille Centen

Horto

Agencies and Branches:

Hand

Kara hi

--

[

glen Nugaj STREAM Fiya

Tipk Tiitel Tongkat

Lumpur

Campore

Buchte

Calu

Colenbe

M+glia

Medur

Hixiphons

New York

B

Hamborg

Pelita

Hom

Tin Yakshan

Filin

Parsh

A

14horel

HISTOR

כי

LAGACCA

ALAPEN

PESPESA

PENANGA

AN

AS FRAS Int

AALA LUARYJNA

SANGRIAL

SINGAPORS

SURABAYA

SOEL PALANI IFANISIN,

USINGTAO

Yokola

Currant Accounts apenas 10 Local endrin

Find Urjemity emmired for one you ar tarih will be qurated on appleton.

Fürsign" "Exglanes and idaners), timöking misingis Transd

Curt Artifa Yucand aud Band Depomla Pied for one your orderler perioda at rates which will be quoted application.

W. II. E. THOMAS,

Acting Manager. Hong Kong, 20th February, 1884.

THE BANK OF CANTON, LTD.

Established 1912.

Fend Office:--Hong Kong..

--མ

churter periods in Local Comps and SeAuthorised Capital Hong Kong Agıra, 1234,

HONG KONG SAVINGS BANK.

The Thunk of the slure Bank is, ronduct

by B 18UNG KONG AND BANQUAR BANKING COGODATION. tule y

med, ppliestram

FOR THE HONG RUNO AND SHANUȚIA

HARRING CORPORATION

V. M. GRAYBUJR.'

Chief Maungar.

Hong Kong February, 193–

THE BANK OF EAST ASIA, LTD.

shened uputat

Fup Capital

$-6,850,000.0

Mums and Dadivuled Prof $2,90,00%) DE

HEAD OFFICE.-HONG -RONG

11, Dee Vous Bond Cantial

BOARD OF DIRECTORS ---

bir honda Cliom, ChatremY....

14 Hoon Chun. Lag. 1. K. Kwok, Eng., Wood Fun Tong, E. Chan Chang hak, Kig, là Lan Shang Pay Wong Chu bou, Pay, and Kan Ting De, "Eag

K.

Materia

Mombay

Hek Tong Po. Esq., Clint Mansger.

J. Fr Fung. Bag, Haongar.

BRANCHES AND AGENCIES)-

Mate

54.

Naginaki

New York

Son

Pari

Esculla

Malpkong Hrotov நியோம் Slabe

Kawiora

Low Br

Triping

Penau

{logrou

Tim gun

* Fruk

Salle

hemarang

Nangka

Blogsp

fourabaya

BwBlow

wydney

Taiboku

Tional Talys Younouvar Tokobama

Brary deschprion of Bauling and Exchange Loans peuted on approved in track.

AMLAUN

1) Nurmend Burrent Accounts opend in

Find Deposits recated for ope Jer, of Currencies shorter periods isual and Yorge Dorm which will be quoted on "applicmikom.

Hala Depouts to

KAN TONG 'PO,

Cloud Manager.

Hong Kong, la March, 1954.

THE BANK OF TAIWAN, LTD.

Head Ofice: Talhoku, FormNOSA, Incorporated in Japan by Spacial Imperial Charter, 1800. Central Bank of Formosa, Notas

issyed Average amount Y,65,000,000

Branches and Agencies. Japan:-Kobe, Osaka, Tokyo, Yoko hama, Keclung, Makong, Nanto, fihoko, Shinchiku, Taichu, Tainan, Taito, Takao, Tammui. Toen, Karenko Kagi, Helte, Giran.

$11,000,000 8,055,000 $2,170,492

Paid-up. Capital Total Resources Brunches: Canton, Toishan, Shanghai, Bankow, Bangkok & San Francisco. London Bankern: Lloyds Bank. Ltd.,

Foreign Exchange and Banking business of every discription trana: ¡acted.

Current Accounts opened and Fixed Deposits received for one year or

horter periods at rates which will be (quoted on application.

Safe Deposit Boxes (various sizea); for hire

GOOK PANNO SEAN.

Chief Monster.

SAFETY FIRST:

To Safeguard Your Valuables and Jewelleries, Deposit them in a Vault that is really: FIREPROOF · BURGLAR-PROOF DAMP PROOF! OUR SAFE DEPOSIT VAULT located on the Mezzanine Floor of Our New building in Specially Con-. structed to provide all of these Im- portant. Qualities.

You may

obtain a Sate Depoalt (Box in this most up-to-date Vault for your own' use at a very moderate Rec- tal.

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

THE

Desire To Secure Gold For Silver

+

SPECIAL TO CHINA MAIL." (By Telegraph, Copyright, Telepra phic daredges Ordinance, 1891, [erived October 17, 2.49 cm)

Washington. To-day. Observers here suggest that China's desire to get gold for silver can be açeom-

by plished

operations through London, since the United States does not ban gold shipments to, gold stan- dard countries.

They point out. however, # possible complication due to the fact that most of the Chinese silver is held in pri- vate rather than in Govern mental. hands. United Press. per S. E. Levy and Company.

SILVER FUTURES

TRADING

Starts At Montreal On Monday

SPECIAL TO CHINA MAIL.

NEW YORK STOCK

EXCHANGE

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

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

Last

Mar.

STOCKS: Amer Smelt Auburn

Close Opening 11 a.m. 1914 4.02 4.925

LOCAL SHARES,

TO-DAY'S QUOTATIONS.

EMPLOYMENT IN LATEST QUOTATIONS

AMERICA

The following is the list of local No Big Increase Before share quotations issued to-day:

Banks.

H.K. Bank $1365 b., $1580 98... H.K. Bank (London), £137, n.' Chartered Bank £1534 n. Mercantile Bank, A. & B. £303⁄4 Mercantile Bank C. £13. Bank of East Asia, $93 n. Am: 0. Finance Corp., Sh. $20 China O. Pin. Ord., Sh.,$4 m. China 9. Fia, Prof. Sh, 35-¤.

Insuranc

Canton Ins., $295 n. Union Ins., $500 B. Ching Underwriter, $1.10_b. China Fire Ins., $510 n. H.K. Fire Ins., $23712 n. International Assce. Sh. 35 a.

Shipping.

Douglases, $41 b.

H.K. Steamboats, $7′ n. Indo-Chinos (Pref.), $80 n.. Indo-Chinas (Def.), $38 m., Shell (Bearer). 46/10% 11. Union Waterboats, $13% n.

Mining.

The Spring

The following quotations have (been received by Messrs. S. E. Lovy

and Co., and the A.0.F.C.

SPECIAL TO CHINA MAIL, (By_Telegraph, Copyright, Telegra- January phie Messages Ordinance, 1894, Re-March n.jerived October 17, 200 mm)

1

NY London [Cotion Bee,

122

12.37

12.99

1229

12.47

12.61

Silk Dee,

113

Rubber Deel

140/1

14.27

Mar

1446

14.61

C. Wheat Dec,

May

100

100%

100

100%

[C] Corn Bee.

781

70%

May.

78

70%

W.. Wheat

84%%

84%

224

Con Gus, NY Du Pont....

24/

IH 4

285;

Balators, Ex, Div. $37 n.

924

93%

EB & Sh

10%

105

10%

Gen Moto

2014

1200

304%

Renguet

Bagulo Gold, Ex Div. 46 cta, n.

Consolidated

: 41%

Int. Tel & Tel

10%

7

Loews Inc.

294

314

Mellyre

40

3lout Ward

Nat Distill

21%

22

NY Central

09

214

cts. n. Benguet Exploration 22 cts. n. Benguet Goldfield, 20 cts. n. Big Wedge, 10 gts. n. Gold Creck. #2 n.

Stan Oll NJ U.S. Steel

41

41

83%

(By Telegraph, Copyright, Telegra phie Mcanager Ordinance, 1891, Re Cerized fetaler, 17, 2.00 mana)

Montreal. To-day.

trading starts Silver futures there on Monday, December is, the

first delivery month. change plans later to add other metal and newsprint futures. United-Press, per S. E. Levy and Company.

**

B3% 83%

London Prices

The following quotations from ́Lon- Eston were received last night between; 15.30 p.m. and 10.30 p.m.

Silver: Spot 247) (nst-plase) 211.) Cast reed.), unchanged,

Silver. Forward 25.(last close), 251 (last red.) unchanged.

Silver Report:Speculators bought and sold. China Sold. Market closed) full.

Gold: 143-1 (last close), 142/442] The ex-Cast red.), 3d, down (change).

LOCAL DOLLAR STEADY

Silver Prices Firm

The local dollar ́remains steady, opening on demand to-day at 1/8

London/N.Y. Selling Rate: 4015, (kant close), 4.02-1/16 (last verd.), 15/18) up (change).

London/Paris Selling Rate: - 7498 (Inst close), 740 (last rved), „07 up: (change).

Liverpool Callon-Jan.: 4,41 Cast (elost), 6,66 (lust reed.), „05 up (change); Liverpool. Whent-Doc.: 5/4 (last) (close), 5/27% (last recd), 1% down;

(eliange),

London Rubber-Jan-Mar.: (buyers) | 17«1/16 (last close); 7 (lust rec), 1/18) †down (change).

London Rubber-Jan-Mari: (sellers) 74 (last closo), 7% (last recd.), un-

changed.

London Rubber-Jan-Mar; at noon- (buyers), 7-1/16 (lust rred.) London's Forecast

A forecast from Yamion on the proe

Both spat

aud forward, silver maintailed their prices, closing yesterday at 24 and 25; respechable trend of the New, York maritet, tively.

atates:-

The London on New York.cross- Prices on Wall Street are expectef rate, which closed on Monday at to continue to fluctuate within narrow

limita until the existing uncertainties: U.S.$4.91, closed AMERICAN EXPRESS COMPANY, 2-U.S.$4.93%, while

yesterday at

regarding the Dollar and off situation the New

are cleared up, York on Londom rate cloned at -U.S. $4.94%, as compared with -U.S.$4.91%.

INC:

Head Office: 65, Broadway, New York

Capital Surplus

Remrves

Atalardan Antwor Athose

.U.S.$4,000,000.00 2,087,112.09 1,093,528.31

BRANCHES:

Au

Bestelm

Barila

(llag Cavale Hamburg Haire

"

Ma Ning Napl

Maria

China:-Amoy, Canton, Foochow, Hani

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

Bombay

Heidelberg

Bears

(steriak

Brussia

faire

Jaromali Locdon

On and after April 30th, 1934, the rate of Interest on Special Currant Deposit will be at 14% pin, on daily balance and the rate for balance over #10,000 will be quoted on appilcation, (Maximum rate-14)..

Y. OHINO,

Manager.

Hong Kong Branch

8, Des Voeux Road, Central:

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880

Calcutte CAULA Colorbo Сералкария Di Ellsburgh Florince Geneva

Lal

3 Bugabo

Namellias

Hoole Osra

Musila

Munstels

Notes

Palpin Paired

Stud skinghe жеттер.

dogrupe Slantak Tatamine Viruma

Inkoka

Branches of American Express Com- pany in Principal eltier of United Blaten of America and Canada.

SANTA FE RAILROAD EARNINGS UP

New York, To-day. — The Atchi- son Topeka and Santa Fé Railroad [Company's net income during Au- {gust totalled U.S.$1,065,922, against US.$719,025 in August last year. -United Press, per S. E, Levy and Company.

All classes of Commercial Banking, Transactions undertaken.

4

Persona 1 investment accounts handled.

1

The Company offers to intending. Travellers the use of ita "Travelers Cheques" and Letters of Credit and Capital (fully paid-up) Yen.100,000,000 in addition, the world-wide services Reserve Fand `..... Yen.124,250,000 bf its thoroughly equipped Travel. De-

Head Office:-YOKOHAMA

Branches and Agencies at:

Nagasak! Nagoya New York

Alexandria Batavia

Berlin

Bombay

alcuits

Parl Beiping

Rangoon

Dairen. (Dainy) Fengtien (Mukden) Rio de Janeiro

Hamburg

Hankow

Harbin

Honolulu

Hainking

Londen

Karachi

Kobe

Los Angeles

Kunile

Moji

dan Francisco Seattle

Comarang

Shanghal

Singapore Sourabaya Sydney, Trentain

Tokyo

T-ingtap

Yingkow

Cursurset allowa 1.Crm Ao

Deposite received for Azad. reriods

partment.

C. II. BENSON,

General Manager,

--

THE WING ON BANK, LID,

NHONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of very description transact

led.

F

Current Accounts opened, and Fixed Deposite received for one year or shor- ter period at rates which will be quot; ed on application,

Safe Deposit Boxes (various sizes). for hire.

PHILIP GOCKCHIN -Chief Manager

rates to be obtained as application, L. GOOKCHIN

G. KIBHINAMI,

11229k, Sealember, 1984.

Assistant Manager

“LI KHU FONO- Assistant Hunger,

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFPION:

£8,000,000 1,800,000 1,050,000 1,247,482

18, Orsonarol Sines, Lodes, 7.0,4. Authorised' Capital Subscribed Capital Paid-up Capital ... Reserve Fund & Rest

BANKERS 19a Bark of“Enrland & Kidland Bask, d. *RATCHER:

Fabrkpl

Isek

Boatsy

Daloulle

whl

Colombo

Kala Bhara

Dalk

Kreslá Tápla

Dulle

Kuali Yumpur

Roni Roas

Howrah

New York Penang

Port Louie

Marius

Klanten (Pahang) la

singapore

KOKO ZONO BRANON Brocy danceiption of Banking and Erobango Voel nosa transsclad,

Fratellam Cheques Issued.

Trustes and Executorships under- laksh.

INTEREST lowed on Current Accounia and Fixed Deposits at Habes that may be scontained |on application.

3. В: ложь,

[7, Queen's _Boxă Center).

Mosage.

Hong Kong, 12th June, 1984.

The Wheat market is dominated by Buenos Aires, where good weather is At present causing weakness.

Rubber prices may open a lie bet-

เ

The Cotton market is expreted to, Lopen stendier, fubject to Wheat, Silveri

and the Dollar exchange,

GENERAL ECONOMIC|

IMPROVEMENT

Hesitancy To Employ Credit

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1804, Re- ¡ceived October 17,'8.04 am.)

Washington, To-day.

Mr. Eugene Black, Governor of the Atlanta Federal reserve Bank, who is still liason officer between the Administration and the bank-

ora.

has reported to President Roosevelt that a general improve- ment is occurring in the national economic outlook, but that there is still hesitancy on the part of capl- tal and industry to employ credit. -United Press, per S. E, Lévy and Company.

|WHEAT PRICES WILL

CONTINUE UPWARD

Last Month's 'Decline Due To Speculation

SPECIAL TO CHINA, MAIL (By Telegraph, Copyright, Telepra- phie Messages Ordinance, 1894. Re- ceived October 17, 906 am) ·

Washington, Today,

The Department of Agriculture THE SHANGHAI COMMERCIAL ||| monthly prica survey expects whent

SAVINGS BANK LIMITED.

(Ipcorporated In-China). Capital paid up

‚ $5,000,000," ReserveE -

$7,000,000, Capital Bavings. Dept. $500,000, Reserve Savings Dept. $500,000. Head Off-Shanghai

́A Bank having as its mission the Industrial development of China and the fostering of her pommer. cial relations sbrand. -

Hong Koný pllion-7, Iss Hoses Bt.

pricos to continue upward for soms, time, due to the possibility of damage to the Argentine crop, and the possibility of heavy feeding of wheat in

and the. United States

Europe.

"

It said that last month's -decling} waş duefto speculation rather than

Antamoks, G0 cts, ni

Gold Rivers, 21-ets. n.

Ipo Mhing $21⁄21⁄2 n. Hogans $6.30 n. Salneots 16 cts. Kailan, 25/6 n.

Langkats (Single) Sh. $171⁄2 n. S'hai Exploration, Sh. $5 a. S'hal Loans, $0% n. Raubs $12.90 n. Venz; Goldfield, $5 n.

Docks, etc.

H.K. Wharves, 107 .b. H.K. Docks, $14 n. Providents (old), $11⁄2 n. Providents (new), $50 cts. n. Hongkews, told) Sh. $310 n. New Engineerings, Sh. $4 n. S'hai Docks, Sh. $118 n.

Cotton Mills, Ewa Cuttons, Sh. $10 b. S'hai Cottons (old), Sh. $752 n. S'hal Cottons (new), Sh. $44 n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh..$55 m..

Lands, Hotela, etc.

H.K. and S. Hotels, $5.20 b., and

BIL,

HK. Lands, $50% b.

Washington, To-day.

May

July

Oct. 15 · Oct. 16

The American Federation of New York Rubber: Labour monthly estimate shows October 10,834.000 unemployed in the December United States at the end of Au-January gust, of which 5,658,000 depen March Ident on relatives and private May Jcharity, and 3,167,000 on direct July

relief.

........12.17

New York Cotton: Closing Closing October

12.31

December

12.20

12.38

.12.31

12.42

.12.39

12.01

.12.44

12.56

.12.50

12.67

.13.80

14.05

.14.00

14.29

.14.JD

14.40

.14,45

14.65

.14.68

14.00

.14.89

15.10

Chicago Wheat: It warned that important December gains in employment are unlikely May before the Spring, and therefore, July

1.00

1.013%

1.00

1.01%

954

96%

a practical, workable plan of put- Chicago Corn: ting men to work in industry is December imperative in view of the rising May Government, debt.-United Press, July per S. E. Levy and Company.

70

78

784%

802

79.

81

| Winnipeg Wheat:

October

78%

793%.

December

7346

803%

May

84%

843%

New York Sugar:

¡October

1.80

1.84

March

1.82

1.82

May

1.86

1.85

July

1.89

1.88

New York Silk:

December

1.13%

1.154

February April

1.15%

1.16%

1.10% 1.17

EXPENDITURE INCREASE

British Exchequer Returns

London. To iny. Exchequer returns for the past week show that during the cur- rent financial year the total for ordinary revenue, exclusive self-balancing revenue,

of

amount-

Latest Quotations

wwwwww..com

The following quotations have been received through Mansra. S. E

can

ed, ut October 13. to £295.448.800,evy and Company and the Ameri which is £307.474 less than the amount collected at the corres- tion:

ponding date last year.

Was

the same

Oriental Finance Corpora

New York, Yesterday.

Last To-day's Close

12.29 12.38

14.00 14.29

The expenditure of period, exclusive of self-balanc-NY/London Cross-Rate 4.91 4934 Ling items,

£362,822.413, NY. Cotton-Dec, which exceeds the amounted ex-Chic Wheat-Dec.

N.Y, Rubber-Dee. pended at the corresponding date,chie Corn-Dee. last year by £8,005,376. British Silver-Ometal Wireless Service.

SHANGHAI RUBBER

SHARES

Latest Quotations.

H.K. Lands 4% Debentures 3 Prices in Shanghai Dollars);-

pren. n.

100 101%

70% 78

..... 50% 55%

(Dow Jones AVKJ

30 Industriabi 20 Railk

20 Utilities 140 Bonds

Oct. 15 Close Change 94.16 95.25 1.09 up '85.08 30.30 38 up

..... 20.05 20.12 07 up 03.17 $3.42 25 up

11 Commodity

Index 58.86 69.67

17 Lending Blocks

Amer Can

71 up

Clone

103%

Amer Smelt and Ref.

16

Messrst Carroll Bros. havi ceived the following cabled quota-i tions of Shanghai Rubber Shares.

Amer Tel and Tel

11014

re-

Auburn

28

J. I. Cate

484

Du Pont

03

Elec Bond and Share

10

Anglo Javas

General Motors

$11.50

30%

Int Tel and Tel

10

n.

Anglo Dutch

7.75

McIntyre

40%

Citemors...

87

Montgomery Ward

20

Consolidateda

8.60

Not. Distillers

22

N.Y. Central

2244

Java Consolidateds

2.00

Sneony-Vacuum

13%

Kroewooks

80

Union Pacific

103

Tanah Morah

1.86

U.S. Steel

38%

Ziongbo

30.50

West E and M

8244

*Business done:-680,000 shares.

60

Shanghai Lands, Sh. $27 Metropoliten Lands, Sh. $14 D. Humphreys, $10 n. H.K. Realties, $4% n. Asia Realties "A", Sh, $140 ₪. Asia Realties "B" Sh.$20 a. Chinese Estatsa, $20 g. China Realties, Sh. 13% n. Debentures $137 n.

4

Public Utilities. H.K. Tramways, $19 b. Peak Trams (old), $14 n. Peak Trams (new), $7 n. Star Ferries, $98% n. Yaumati Ferries $21 n. C Lights (old), $8,70. b, C. Lights (new), $8.00 b. H.K. Electrics, $70 n. Macao Electrics, $25 a. Sandakan, Light, $8 n. Telephone (old), $224 n. Telephone (new), $10.90 n. China Buses Sh 18.20 n. Singapore Tractions 4/6 b. Singapore Prat., $18 n.

Industrials. Malabon Sugars, $8.70 n. Cold: Macg. (ord.), Sh. $21 n. Cold: Maeg. (Pref.), Sh. $20 n. Canton Ices: $2.60 n. Cements, $235 n.. H.K. Bopes, $03⁄4 n......4,

Stores, etc. Dairy Farms, $23.70 n.° Watsona, $5.60 p.. Der. A. Wings, $1 n. Lane, Crawforda, $4 n. Mackintoshs, 821 n. Sinceres, $10 n.

Wm. Powells, 70 cts. n. Wing On (II.K.), 110 ¤.

Miscellaneous,

H.K. Amusements. $4 n. Entertalamenta, $7 n.

S.C; Enterprises, $1.80 n, United Theatres, 8h. $1% 1. Macao "Greyhounds,” $2 m. Constructions (old), $1.80 2. Constructions - (nów), 78 cta. b Ch. 'Govt, 5% 1925 G$Bde-87%n. H.K. Govt. 4% Loan 8% prem, n H.K. Govt. 8% Loan 8% n. Wallace Harpers, $7 D.

SLUMP IN U.S. RUBBER CONSUMPTION

النبه

New York, To-day--September

to weakness of the domestic, cash rubber consumption in America to- market. There is no prospect of talled. 89,352 tone, 8.6 per cent-be-1 large

Importations of foreign low the consumption during Sep- wheat---United-Preuss -8-Ellember of last your gallaited-Prana,|- Levy and Commaný,“

per B.. E. Levy and Company.

Tobongs

RAW RUBBER PRICES

Latest Quotations From Singapore

Mekara. H. B. Joseph & Co- have received the following Straits Currency quotations . (Buyers) from Singapore for Raw Rubber:

Jan.-Mar-25%. Up 4. April-June-26 % Up Market:-Dull.

MONTGOMERY, WARD SALES

BOOM IN SEPTEMBER

LESS LIFE INSURANCE

IN AMERICA

New York, To-day.-Life insur- ance sales in the United States dur- ing September were 4.6 per cent be- low that of last year.-United Press, per S. E.. Levy and Company.

Is It Insured??!

Insurance — All- Classen. LOWEST RATES American Asiatic Underwriters Fed. Ina, U.S.A. General Agents

New York, To-day-Montgomery, Head Offen Ward's September net income 17, The Bund, amounted to $932,266, as compared with $5,817,899 for the first eight Shanghai mpullis of the year-United Press, per S. E. Levy, and Company,

S. E. Levy & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD"ON COMMISSION- DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

I.K. Ofice Asia Life Building Tel. 30224.

NEW YORK COTTON EXCHANGE. COMMODITY EXCHANGE, INC.. CHICAGO. BOAED:OF TRÅDE

CORRESPONDENTS FOR WHITE, WELD & CO. NEW YORK

7 ICE HOUSE STREET, HONG KONG

Tal Address: Balco

Tel. 80101 and 30108