1934-10-18 — Page 8

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Ápabortsoć · Capital ........

$50,000,000

ed and Fully Paidep vermy. 20,000,000

Beserve Funda-

Brig£8,200,000 Båtar mondan mo $10,000,000 Burrs Lishity of Propriaines

HEAD OFFICE, HONORONO,

BOARD OF DIRECTORS.

Hon. Mr. 0, 0, B.- Maskia

Chairman

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1858.

HEAD OFFICE: LONDON

$90,000,000

Paid-up Capital Reserve Fund

.23,000,000 £3,000,000

Reserve Liability of Pro-

prietors

£3,000,000?

"Ageucles and, Branches:

Aloe Mac

Ilala

Bangoon

B. H. Dowall, eg,

Amri

Ipok

Kalpan

Deputy Chairman.

Bangkok

Kanch

Sinarang

Hr. W, il. Bell

3. Miskin, Eng.

Balatis

-Beramba

. Dompine, Eng.

K. H. Morrison, Kág ·

Bocay

Kobe

Mangbai

Keswich, Eng

1. E. Paros, Esq.

Cakulia,

Canton

Luaspur

Knight, Eng.

Capore

Kurblag

Bourabaya

“V, M. Graybean, “Esq.,

1Cebu

Studie

Talplug

Colotube.

Manila..

Tiantain

Dal

Jedan

Tongkak

Helpbang

New York

(Bhaker)

Flambira

Paling

Tetaphors

Haakon

(Poxing)

Barbie

nank

Yokohama Zambomma

1long Koop

AMOY

BANGKOK BATAVIA BOMBAY DALOUTTA CANTON CHEFOO

COLOMIO DAIREN

JOOCHOW HAIPHONG

· MAMBUNG

MANKOW

HARDIN HONGERW ILOILO

JOHOZE

KOBE S

KOWLOON

Chlef Manager.

BRANCHES

LONDON

LYONS

MALACCA

MANILA

MUAB (Johor)

MURDEN

NEW YOUR

„PRIPONG PENANG PRANOOCH

SAIGON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE

SOURABAYA

SUNGEI PATANI

TIENTSIN

TOKYO

THINGTAD

-VOKOHAMA

Current Account opened in Local Currapey

and Flead Deposita teruived for one yes or whorlar perioda to Local Company and Berling

a terma which will be quoted on application. Jang Loom Uth April, 1084.

Alugapor

Forsien "Exchange and General Banking business transated.

Curmak Accouznia opened and Fland Depot recaly for ous year or shorta, periods as rater which will be quoted un application.

W. II. E. THOMAS,

THE CHINA. MAIL, THURSDAY, OCTOBER 18, 1934

Commerce

Finance...

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 Messrs. S.. E. Lery and the American Oriental Finance Corporation,

THE BANK OF CANTON, LTD. Amer Stackt

Last

Close Opening 11 am..

1.04%

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

The following is the list of Jonal share quotations Issued-to-day:

Banka.

H.K. Bank $1565 b. H.K. Bank (London), 136 Chartered Bank £15% n. Mercantile Bank, A. & B. £80%

Mercantile Bank C. £18. Bank of East Asia. $93 n.. Am: 0. Finance Corp., 8h. #20 China 0. Fin. Ord., Sh. 34 n. China O. Fin. Pref. Sh. $5 n.

Insurances.

Canton Ino.. $285 n.

+

Ching Underwriter, $1.10 b. China Fire Ins., 3510 m. HK. Fire Ins., $237 n. International Assce. Sh. $6 a.

NY/London

4.03% 4.95

Cotton Dec.

1238

12.41

12.43

|

Mar.

1251

12.32

12.53

Silk Dec.

115

116

Rubber Dec.

1420

14.35

Mar.

1465

14.70

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

C. Wheat Die..

101%

100型

May

101%

100%

Union Ins., 495 b.

C. Corn Deo.

.78

774

May

8916

801/

W. Wheat May. 84% STOCKS:

8415

38

37

Auburn

Con. Gas NY

Du Pont...

284 29 28 1954 93. 9342 93%

2814

El Bo and Sh

10

10% 80%

10%

30%

10% 10%

31 40% 20

3141

31%

221 22 224 41

21

224% 41%

34

*33%

Established 1912.

Head Office:-Hong Kong Authorised Capital Paid-up Capital

$11,000,000 Gen. Mutors .. 30% 8,558,000 at Tel and Tel 10 Total Resources 1232,170,4924 Loews Inc. Branches: Canton, Toishan, Shangha Mcintyre Hankow, Bangkok & San Francisco. Mant Ward London Bankers: Lloyds Bank, Ltd., Nat Distill

HONG KONG SAVINGS BANK. Foreign Exchange and Banking NY Central

The Business of the above Bank is conduel ad by the SONG ENG AND BUANGHAI BANKING CORPORATION. Kulon may be skalned on application.

19 THE HONG KONG AND SHANGHAI BANKING CORPORATIUN.

T. M. GRAYBURN, Mong Houg, 2012 Fabriney, 1014."

Chial Manager..

THE BANK OF EAST ASIA, LTD.

Authorised Capital

$10,000,000.00

d-up Capital, Maneres and Undivided Prodie,434,000,00

HEAD OFFICE

13, De Van Rod Catal

BOARD OF DIRECTORA --

51 Hboyo Chow, Chalen.

Kann Chan, Eag, 1. K. Krok, Esq., Wong

I TOPE. Esq., Chan Chles Shek. Paq., L. Lun Ban Eng. Wong Chu Sos, Esq. sad Kan Ting

Bombay

Cousin

Is Toug Po, Esq., Calal Manager, Li Tre Fong, E14, Hansper,

BRANCHES AND AGENCIZA:-

BestLis Bemarang

Kalia Helbourne

Nagasaki

New York Diska

Paria

hiping

- Eingspres

Manalotu

„Penang-

Rangodu

Bourabays

hyduty #Tabaku

You al

Kowloom

Salo

Tokyo

Landan

San Francisco

Vascurar Yoinkame

Pra description of Banking and Exchange Balm transected. Losos granted an approved

Durreal Ascociate opred in

Local Curren

and Flasd Impolla esired for por OF arter parlode in Lousand Feral Currencie

which will be quoted on application. Hale Depoel Jores To Let

BAR TONU Po,

Chief, Manager.

Hour Kong to Murak, 1051,

THE BANK OF TAIWAN, LTD.

Head OfeeTalkoku, Formosa, Incorporated in Japan by Special Imperial Charter, 1899.

Central Bank of Formosa, Noto

isined Average amount Y.45,000,000₫ Branches and Agencies. ---

Japan:-Kobe, Osaka, Tokyo, Yeko- hama, Koolung, Makong, Nanto, Shoká, Shinchiku, Taichu, Tainan, Talto, Takno, Temaul, Toen, Karenko. Kagi, Helto, Giran.

China: Amoy, Canten, Foochow, Han

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

On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1% p., on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum rate—1%).

Y. OHNO,

Hong Kong Branch

Manager.

3. Des Voeux Road, Central.

THE YOKOHAMA. SPECIE BANK LIMITED.

Established 1880

business of every discription trans-Stan O NJ acted.

U.S. Steel....

Carrent Accounts opened and Fixed Deposita recoved for

one year OF shorter periods at rates which will, be quoted on application,

Safe Deposit Boxes (various sizes) for-hire.

LOOK POONG SHAN,"

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 located on the Mezzanine Floor of Our New building is Specially Con- structed to provide all of these Im portant Qualities,

London Prices The following quotations from Lori- don' were received last night between 5.30 p.m. and 10:30 p.m.

Silver: Spot 24% (Just close), 23% last reed), 1d. down (change).

Silver: Forward 25 (last close). 24| (last recd.), Id. down (change)."

Silver Report:-Prices declined on henvy speculative profit-taking but the market closed firm.

Gold: 142/9% (last close), 142/1 (last recd.), 214d. down (change).

London/N.Y. Selling Rate: 4.93% {(last close), 4.94% (lant reed.), 11⁄2l up (change).

London/Paris Selling Rate: 74.15 (last close), 74.21 (last" red.),00 .úp

change).

Liverpool Cotton-Mar 6.64 (last close), 6.66 (last red.), 01 up (change)

Liverpool Whent-Dec.: 573% (last clone). 5/3% -(last red.). % down (change).

London Rubber-Jan. Mar (buyers). 7% (last close), 7% (last recd.), un-

You may obtain a Safe Deposit Box in this most up-to-date Vault for changed. your own use at a very moderate Ran Ital

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

Corner of Ice House Street and Des Voeux Road, Central

THE

London Rubber-Jan.-Max.: (sellers) 7-3/16 (last, close), 7lant reed.) 1/16. up`(change),

London Rubber-Jan.-Mar. at noon (buyers)-734" (last recd.)

London's Forecast ~"

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

Owing to better sentiment now upparent," yesterday's improvement on Wall Street is expected to be maintain-.

AMERICAN EXPRESS · COMPANY, ed, although the volume of businesa Is

INC.

Head Office:-65, Broadway, New York

Capital

Surplus

Reserves

་

BRANCHES:-

not great.

In Wheat, the doniestic situation is Aronger.

Rubber prices may

open slightly higher..

The Cotton market is expected to open steady, The "Spot" busis

is

3,112,69 || hight, while sentiment is better, owing

to a slight revival in inflation talk.

Amiloriam Antworp Ashan

Genos Glasgen

Milsa

Anza

KATAN

Napis Biratn

Besle

Hamburg

Faria

Berla

Havro

Palpia

Bombay

Holds beeg

galersh

Breat Brusla Cafra Calcutta

Talerako

Rotterdam

Jerusalem

London

Colombo

Copenhage Dublia Elsburgh

Genes

Lirapol

- Lube

Shangha Southampton Alagapor Tantalia- Termine

Latest Quotations

The following quotations have been received through Mesars, S. E Levy and Company and the Ameri Oriental Finance Corpora ¡Can

tion:

New York, Yesterday.

Last Today's N.Y./London Cross-Rate 4.93 4.93% N.Y. Cotton-Dec. 142,88 12.37

Lugano

Lauret

Monte Carlo

Munich

Flean Vani -5okokaam

Zurta

| N.Y, Rubber-Deci

14.20 14.16.

Chic Wheat-Doc.

101 100

Chic, Corn-Der.

78

Montreux

| Silver-Official

$50%

7750 54

(Dow Jones ATK-J

Branches of American Express Com pany in Principal cities of United 80 Industriala States of America and Canada. 20 Rails

20 Utilities

All classes of Commercial Banking 10 Bonds.... Transactions undertaken.

11 Commodity

Oct 18. Close Change. 95.25 95.29 .04 up 85.08 88,57,59. up 20.12 20.00 12 off 98.42 98.43 101 up

Index 69.57 50.27 30 off 17 Leading 'Stocks ?..

Close 10% +37

Personal investment accounts Bandled.

Amer Can.. Amor Smelt and Ref.

The Company offers to intending Amer Tel and Tel Travellers the use of its "Travelers Auburn ... Chequee" and Letters of Credit and, J. 1. Case to addition, the world-wide ervices Du Pont Yen.124,250.000 its thoroughly equipped Travel De Elec Bond and Share

partment.

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

Head Office:-YOKOĦAMA

Branches and Agencies at: Alexandria

Nagasak!

*Batavia

Nagoya

Berlin

New York

Bombay

Osaka

Calcutta

Parie

Canton

Dairen (Dainy)

Hamburg Hankow

Farbla Rong Kong Honolulu Hoinking Karach!

Peiping Rangoon Fongtien (Maiden) Elo de Ieneiro

San Francisco

Semarang Shanghai Singapore Soerabaya Sydney Tientsin Tokyo Tsingtau Yingkow

Internst allowed on Oærent. A

Deposits received for fre

Kobe

London

Los Angeles Manila

Moff

at rates to be obtained un application.

C-KISHINAME ORARI

Hong Kong, 11th September, 1984.

C. H. BENSON,

Shipping.

Doublases, $41n,

H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 m. Indo-Chinas (Def.), $35 ̧n. Shell (Bearer), 46/10 Union Waterboats, $134 n.

Mining.

Atamoks, 60 cts. n.

n.

US. INFLATION

FEARS FADE ON

WALL STREET

STEEL PRICE STABILITY

SPECIAL TO CHINA MAIL.

-New York, To-day.

The sustained advance in United

States Government bonds reflects} Wall Street's belief that inflation is n.unlikely before 1985,

said that consumers of steel have

RAW RUBBER PRICES LATEST QUOTATIONS

The following quotations have been received by Messrs. S. E. Levy and Co, and the A.0.F.C.

Oct. 16 Oct. 17

Tin And Rubber Shares October

December January

March

The following quotations from Singapore, dated October 8, on Tiri,)

May and Industrial shares.

July

gained confidence, due to price sta-been received; m.bility..

Unfavourable factors were that

Latest Quotations From

Singapore

Sustained Advance In Bonds

Messrs. H. R. Joseph & Co, have New York Cotton: Closing Cloning received the following Straits Cur-October rency quotations. (Buyers) from December Singapore for Raw Rubbers;

.12.31

12.29

.12.98

12.37

January

; 12.42

12.40

Jan-Mar-26 1⁄2 down.

March

12.51

12.48

April-June 26% down 4. Market: Steady.

May

.12.56 12.34

July

....12.57 . 12.58

New York Rubber:

.14.05

13.58

.14.29. 14.16

.-14.40

14.26

.14.65

14.58

A favourable market factor yes Rubber nterday was that the "Iron Age prices fi Straits Currency have just Chicago Wheat:

.14.90

14.74

14.90

14.95

December-

1.01%

1.004

May

1.01%

1.00

July

90%

9514

8. Chicago Corn:"

December

78

77%

May

80%

HO

July

81

80%

Winnipeg Wheat: October

79%

78%

.80%

79%

May..

84%

88%.

New York Sugar':

October

1.84

1.85

March

1,82

1.98

May

1.85

1.8G

Ju

1.89

1.91

Ayer Panas, $1.82% Cum · Div. New York Silk:

$1.87% Cum Div.

December

1.15%

1.15

Ayer Moleks, $1.20 b.

March

1.17

Bassetts, 70 cl. b., 75 ́cts, a.

Muy

1.17%

Brogas, 85 cts. b., $1.00 5. Brunei United, $5.00 b. dul-Changkat Serdang, "36.25 b., $5.50

Everything

gone

. BUT YOUR

structural steel ordera during Sep- tomber were 40 per cent below those of last year, and the decreased electricity production, United Press, per S. E. Lovy and Company. 8. E. Levy And Company's Report In their market report. Messrs. S. E. Levy and Company, corrba-| pondents for Messrs. White, Weld and Company, New York state:

"Stocks: We still think thatj the narrow trading, does not 'alter] the longer outlook for gradual improvement in prices. We favour scale purchases. Busi-| neas done: 660,000 shares.

Bome

"Bond: United States Govern- ment issues and high-grades were Balatocs, Ex. Div. $87 n.-

& shade. easier. Second-grade Bagulo Gold, Ex 'Div. 46 cta. n. bonds were slightly better. Benguet Consolidated 41%

Wheat: While utimately lish, we would avoid bulge buying. Considering the supply positions, we think purchase of May corn in Chicago against anles of May wheat in Winnipeg will be a pro- mising straddle. Total sales. Wheat: 23,508,000 bushels corn: 13,470,000 bushels,

cts. D. Benguet Exploration 22.ets, n. Benguet Goldfield, 20 cts, n. Big Wedge,,10 cts, n. Gold Creek, #2 m. Gold Rivers, 21 cts. n. Ipo Mining $21⁄2 n. Itogans $0.30 n. Salácots 16 cts. n. Kaflan, 25/- n.

Langkats (Single) Sh. $171⁄2 n. S'hai Exploration, Sh. $5 n. S'hai Loans, $611⁄2 n. Raubs $12.90 n. Venz; Goldfleld, 35 v.

Docks, etc.

H.K. Wharves, 107. b. H. K. Docks, 1234 sa. Providents (old), $1%.n. - Providents (new), $50 cts, ̈n, Hongkewe, (old) Sh. $810 n. New Engineerings, Sh. $4% n. S'hai Docks, Sh. $118% D.

Cotton Mills,

Ewo Cottons, Sh. $10% b. S'hai Cottong (old), Sh. $75 n. S'hai Cottons (new), Sh. $45 n. Zoong Sings, Sh. $9,40 n. Wing On Textiles, Sh. #55 .

Lands, Hotels, etc.

H. K. and S. Hotels, $5.20

54 8a.

"Cotton: Retail sales in the cotton-goods markets are showing an improvement. We think that purchasea on setbacks for moderate profits are advisable,.

"Rubber-Tho market was quiet. A cautious buying attitude is preferable. Total sales: 247 [lots."-Reuter."

Market Factors

The following telegrams were re- ceived by Messrs. S. E. Levy & Co. from Reuter-

Favourable factors prior to the opening of the markets were: (1) The opinion is held that the market is in a good position to respond to any constructive news. (2) A feel- ing of optimism prevails, based on the belief, that the Administration will stress on business recovery rather than social reform for the b, next several months. (3), Third- quarter reports of earnings are bol- stering sentiment.

H.K. Lands, $50% b 51.3. H.K. Lands 4% Debentures 31%%%

prem, n,

Shanghai Lands, Sh. $27% n.. Metropolitan Lands, Sh. $14 n. Humphreys: 810 n.

H.K, Realties, $4% n. Asia Realties "A", Sh. $140.n. Asia Realties "B" Sh.$20 . Chinese Estates, $90 n. China Realties: Sh. $15% Debentures 8137 n.

Public Utilities, H.K. Tramways, $19 b. Peak Trams (old), $14 n.. Peak Trams (new); $7 n. Star Ferries, $98 m. Yaumati Ferries $211⁄4 n.. C. Lights (old), 84 b. C. Lights (new), $81⁄2 b. H.K. Electrics, $70 n.. Macao Electrics, $25 n. Sandakan Light, $8 n. Telephone (old), $22.40 b. Telephone (new), $10.90 m. China Buses Sh, 13.20 n. Singapore Tractions 4/6 b. Singapore Pref. $18 n.

Industrials.

Malabon Sugars, $8.70 n.

Unfavourable factors were: (1)

A

Mining Kintas, $2.50 Ex. b., $2, 55 Ex. Kuchala, $1.03 b. $1.68 s. Kampongs, 5/9 b: Linguis, $1.22% b. Lukuta, $1.02% b., 81,06 s. Rahmana, $1.16 b., $1.20. Sungei Luas, $1.27% b., $1.322 December

T. Harbours, 35.85 b., $6.05. Táknapas, 22/6 b.

Rubber

Alor Gajah, $1.50 b.

Bukit Katils, 72 cts. b., 75 .cts. .XXX@×2×2×ESX

A.

Glenenlys, $2.20 b, $2:30 á. Indragiris, $1.20 b., $1.25 s Kempas, $2.75 b. Kuala Sidims, $2.40 L., $2.55 8. Kluangs, $5.50 b., $6.25 a. Mentakabs, 401⁄2 cta. b.; 42 eta, 8. Malaka Pindas, $1.60 b., $1.65. 8. Mandai Tekongs, 28 cts. b., 31%

cts. a.

New Scudais, $1.80 b., $1.87% 8. Nyalus, $1:26 b., $1,30 s. Pajams, $2.20 b., $2.30 8. Punggors, 40 cts. b., 45 cls. . Sunge! Tukangs, $1.12% b., $1.20

8..

Telok Ansons, $1.30 Tapahs, $2.20 b., $2.30 s. Tambalaks, 77% cta. b., 82% cta.

5.

United Malaccas, $1.80% b., $1.-

8 A,

Ulu Pandan, $1.35 b.

Ulu Benuts; 54 eta. b., 56 cta. s. Raubs Gold, $3.80 Ex. b., $8.50

Ex. 5.

Oversea Banking, $29.75 s. Steamships, $18.40 h., $18.30 s.

RUBBER SHARES

Industrial news does not provide Latest Quotations From Jany incentive. (2) Traders follow tup advances very cautiously.

Steel 'activity in the Chicago dia-

Singapore

Messrs. Carroll Bros have just! trict has declined by 2 points to received the following quotations of 24 per cent of capacity.

Singapore Rubber Shares dated Oc-1 Carloadinge estimates indicate taber 9. (Prices in Straits Curren-

fan increase of around 14,000 ears

from the previous week,

Retaliatory action in gasoline price-wars in New Jersey and also

in other areas has caused further

cy):-

Allenbys; $1.85 b., $1.95 .

Ayer Panas, $1.80 b., $1.90 s. Bassots, 72% cts. b., 77% cts, s

SAVINGS

RENT

FOOD

CLOTHING

HEAT

TAXES

WATER

CHITS

SAVINGS

SAVE SOMETHING

START NOW UNDERWRITERS

SAVINGS BANK

FOR THE FAR EAST;

INC.

Asia Life Building Hony Roar

Tel. 80234

MXBXEX=X=

price cuts. This has brought ap-Changkat Serdang, $5.25 b, $5.50 Is It Insured?

peals to the oll Administrator, Mr. Harold Ickes (Secretary of the In- terior) to restore order in the chao tie markets.

Domestic copper purchasing was more active and sales during the past 2 days are estimated at around 4,000,000 lbs. World stocks of res fined copper In September, however, have Incrased by 13,500,000 Iba, to 1994,000,0001 bs.

A seat on the Stock Exchange Bold. for $90,000, an Increase of $5,000 from the previous price.

The General Foods have declared

the regular quarterly dividend of 45 cents per share

Hot-rolled strip iron prices in Pittsburgh have been reduced

by

$2 per ton, effective from October

110%

281

48

Cold: Macg. (ord.), Sh. $21 n.

D3

-Cold: Macg. (Pref.), Sh. $20

.

10%

Canton Ices. $2.20 b.

General Motors

Int Tel and Tel

10

Gements, $2.35 n.

Melotyre...

40%

H.K. Ropes, $34 n.

Montgomery Ward

2874

Stores, etc.

26.

21%

Dairy Farms, $29.70 -

N.Y. Centrul

22%

Watsons, $5.60 1.

134

102

'Dér. A. Wings, $1 n.

33%

Lane, Crawfords, $4 n.

82%

Mackintoshs, $21, n.

General Manager. Nat., Distillers

THE WING ON BANK, LTD. HONG LONG

Authorised Capital: $10,000,000 Foreign Exchange and Banking Businese of every description fransact ed.

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

Safe Deposit Poros (various sizes)' for hire.

PHILIP COCKCHIN

ELOSHIL FONGE “Kasistants Manager.

Socony-Vacuum

Union, Pacific

U.S. Steel

West E and M

Business done;-860,000 shares.

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED

(Incorporated in China) |

Capital paid up ......$5,000,000. Reserves... $7,030,000. Capital Savings Dept: $500,000, Rosarve" Savings Dept. $600,000,

Head Onco-Shanghaf

A Bank having as its mission the Industrial development of China 75 and the fostering of her commeria: cial relations, Ebrosdagi tegh b

· Hong Kong oudes-7 Ita Honey St, FREE Phone 31681-2-3-2

Sinceres, $10 n.

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

Miscellaneous.

H.K. Amusements, $4 n; Entertainments, $71⁄2 not S.C. Enterprises, $1.80 United Theatres, Sh. $1 n. Macao "Greyhounds,” 32′′n. Constructions (old), $1.80 n.

(Continued on Page 5) LOČAL DOLLAR NOMINAL

Silver Prices Slump

The local dollar opened on de mend this morning at.

is a nominal rate.

which

Spot and forward silver slumped 1d. yesterday, closing prices being 23% and 24, respectively.

The London on New York cross-

Constructions (new), 78 cte birate, which closed on Wednesday at Ch. Govt. 5% 1925 GBd87%n. US$4.984, yesterday closed at RK Govt: 6%-Lean 8% prem n. 5. US$4.987%, while the Ne

H.K. Govt 8%%% Loan 8%

Wallace Harpers, $7% n Vibor Piling $6.00 b.

on London rate closed $4.984 as compared |$4.943%.

5.

'

Insurance All Classé LOWEST RATES American Asiatic Underwriters Fed Inc U.S.A., General Agenta

Glenealy, $2.10 b., $2.25 8. Jimah, $1.75 b., $95 a Kedah, $8.05 b., $3.15 s. Lunas, $2.10 b., $2.25 8. Malaka Pindas, $1,65 b., $1.75 8. Pajams, $2.10 b., $2.25 8. Sandycroft, $1.35 b., $1.50 s. Tapah, $2.15 b, $2.30 s...

17, The Band, T. Anaon, $1.50 b, $1.70 8. United Malacca, $1.80 b., $1.87% Bhanghai

Utan Simpan, $1.80 b., $1.87%

0mco

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