1934-10-19 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Athland Capnas pinnabarnya. $50,000,000 2000ed and Fully Pull-up man. Your Puma vào

20,000,000

£300,000. $10,000,000

Esserre Liability, of Proprions0.000,900

HEAD OFFICE: HONGKONG,

• BOARD OF DIRECTORS,"

Bloo, Mr. 0. 03. 8. Mankis

Chaizizisa,

9. Li, Dodwell, Maj. Deputy ChairD.

Shan, hie. W. 18. Phi

· A. 11. Chaplon, Eng

W. J. Kaswick, Emy.

2. D. Ralphs, Bay

ANDY

MANGKUK BATAVIA BOMBAY

CALCUTTA

7. M. Breybara, Yaqi

Cal Manager,

LANCHES-

LUNDON

LYONK

STALACOA

MANILA

MUKDEN

.PELFINO PENANG

BAROON

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

T

Incorporated by Royal Charter, 1953.

HEAD OFFICE: LONDON

Paid-up Capital

Reserve Fand

Reserve Liability of Pro-

prietors

.£3,000,000 .£3,000,000

THE CHINA MAIL, FRIDAY, OCTOBER 19, 1934

Commerce and

Finance

NEW YORK STOCK EXCHANGE

£3,000,000 S. E. Levy And Co. And

A.O.F.C. Quotations.

Agencies and Branchen:

Susan

Salgin

Marmarang

sanghal

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

Last

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Backg.

H.K. Bank $1610b. H.K. Bank (London), 136 n. Chartered Bank £153⁄4 n. Mercantile Bank, A. & B. 250% Mercantile Bank C. £18. Bank of East Asia, $93 n." Am: 0. Finance Corp., 8h, $20 a. China O.Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sb. §5 m.

Insurancés.

· ROOSEVELT MAY LATES

SWING RIGHT Bolstering Effect On Market

QUOTATIONS FRACTIONAL

The following quotations have been received by Messrs. 9E-Levy and Co., and the A.0.F.C.

Oct, 17 New York Cotton: Closing Closing

October

SPECIAL TO CHINA MAIL. By Telegraph, Copyright, Telegra- December

{phto Aferrager Ordinance, 1894, Re- January

March

New York, To-day, May

:

Ocf. 1B)

14.59:

.12.29 12.23

2.12.37

12.32

.12.40

12.35

ceived October 19, 8.15 am.)

12,48,

12.45

.12.54

12.48

Conservative New York newe-July.

.12.58

12.52

"Aloe Bar"..

27

Amritsar

Ipoke..

Bangko

Karachi

U, Miskin, B.q.

Bajeria

Jang

8. Morrison, Kag.

Itosabay

Kabe

2.2. Ponroe, Vag.

Calcutta

Kunla

Kingspor

papers unanimously streak the be-New York Rubber:: lief that President Roosevelt will October... swing to the Right, which is December bolstering the market in spite of January the lack of encouraging business March stalisties..

13.98

14.04

14.16

14.20

:14:26

*14.32

.14.53

May

14.74

14.79

Cantos

Lumpur

Cawnpoes

Kurbing.

...... Hoursbere

n.

Caba

Madras

Talking

Colombe

Mouile

Deth

Modan

150gh

Haiphoon

New York

(althori

Hamburg

Piping

Tangina.

N. Y./Lon-

Bankow

Yukoname

don

Harbin

Tasang

Zaubermaga

Hung Koor,

Cotton-

Foreign Exchange and Jeneral Banking business

Dec.

SUAL (Jokorej

transected.

BANTON

ONKYOU DOLOMBO BAIBER

NEW YORK

TOUCHOW

HAIPHONG

SALOON

HAMBUM

SAN FRANCISCO' **

Curreal Arnis spend and Fire Deposita received for ans you or shortée periode as rates Silk- which will be queles on application,

1. Dec. W. H. E. THOMAS, r

Acting Manager. Hong Kong, 20th February, 1034.

Mur.

Close Opening 11 a.m

4.04 4.93% 4.94

.12.37

12.32 12.32 .12.48 12.44 12.43

A favourable market factor yea- Chicago Wheat: terday was that Labour relations

December May Are improving as reflected by the

of strike July conspicuous absence' threats.

July

14.95

15,00

1.00%

1.004

-9514

Chicago Corn:

:

1.15.

*1.16

Canton Ins., $285 n.

Rubber- Dec.

..14.16

14.13

Union Ins., $500 sa.

Unfavourable factors were that December gasoline prices in the Chicago die-July trict have been reduced by half a July

77%

80

80%

HANKOW

KUALA LUMPa -

Mar.

.14.53

14.52

China Underwriter, $1.15 b.

TARBEN

SHANGHAL

C. Wheat-

China Fire Ins., $510 m.

HONGEEW

SINGAPORE

SOURABAYA

Dec.

1.004

99%

H.K. Fire Ins., $237

n.

POL

SUNUKI PATANI

JOHORE

HIENTHIN

THE BANK OF CANTON, LTD. c. Corn

May:

$.00%

99%%

International Assce. Sh. $6 n.

cent per gallon, gasoline prices in Winnipeg Wheat: New Jersey are the lowest.aluce October 1932--United Press per S. E. Lovy | December · and Company.

78%

78

79%

May

83%

New York Sugar:

KORE

TOKYO

Dec.

-775%

78%

October

1.86

1.31

Established 1912.

May

80

79%%

March

1.83

1.80

Head Office:Hong Kong,

W. Wheat

May

8374

83

H.K. Steamboats,” 37- n.

May

1.86

1.84

Authorised Gapital.

$11,000,000 | STOČKS:—

Indo-Chinas (Pref.), $50 n

July

1.91

1.88

|Paid-up Capital

8,655,000 Amer Smelt

07

38

30%

New York Silk:

Total Resources

29

2814

December

..1.15

.1.16

2814

23

28

93

93

Union Waterboats, $134 n.

March

1:17

10% 10%

10

May

1.17%

1.17 1.18

30% 304

30

10

10

B1% 31

30%

4614

45%%

25TA

28

28%

Antamoka, 60 cts. n. Balatocs, Ex. Div. $37 n. Baguio Gold, Ex Div. 46 cts. n.

414 Benguet 'Consolidated

New York Silvér; Copper March Tin March

5.68 .60.35

6.00

• 50.70

214

214

20%

cts. ..

2014 22%

221%

41

41% 404 33% 33% ឥទ Lendon Prices

KOWLOON

TSINGTAO

YOHUILAMA

Bussens Accuate opened in Lacal Curiaury and Fixed Deposits received for one year or *horter perioda la Local Compuy and Sterling which will be quased on application.

Hong Kong. 13th April, 1994.

HONG KONG SAVINGS BANK.

The Buzle of the above Back conduri

d by the HONG KONG AND BHANUBAY MANKING CORPORATION.

okiained on application.

Huda may

YOR THE TONU KONU AND SHANOLA

BANKING CORPORATION

V.. ORATOURN,

Chist Manager,

Bung Hong, 5th February, 1984.

THE BANK OF EAST ASIA, LTD.

Authorised Capital

Pald-up Capital

$10,000,000.00

Beserta and Undivided · Frodie$14,000.00

HEAD OFFICE-HONG KONG

13. Des aus Road Vesiral,

BOARD OF DIRECTOES

Bl Shou-son Chow, Chafram

14 Koon Chun, Eng., P. K. Kwok, Eng., Woog Vua Taus, Ery, theo Chher Shor; Lại Là Liên

Bang, Ying Wong Chu Son Beg, and Kan Ying:

Fig.

Kao Tong Fo, Esq., Chief Manager. Ji

il T Foug, Esq. Manager,

BRANCHES AND 10ENCIPA

Havila

Belavia

/Mauris

Semarang

Herbar

Nagak!

Veloutra Canton Wong Hsahow

Near Pork

Vaaka

Singapors hourshaya

Facia

Batom

Lingotuis

Pronag

Kobs

Vinio

Tuboku Tivatal Tokyo

Find Frauefac

Kawlod

Landon

Peiping

Kangou

Vancouver Yakobarat My decaption of Banking and Exchange! Low piled on approved bovinost izahuaćled.

Free Assunte opered in Local Dungar

...

32,170,492 Auburn ... Branches: Canton, Tolshsa, Shanghal, Con Gas N, Y, Hankow, Bangkok & San Francisco. Du Pont London Bankers: Lloyds Bank, Ltd. El Bo & Sh and Banking Gen Motors. Foreign Exchange business of every discription trant Tel & Tel acted.

Loew's Inc Current Accounts opened and Fixed McIntyre Deposits received for one year of Mont Ward shorter periods at rates which will be Nat Distill quoted on application.

N. Y. Central.

"

Safe Deposit Boxes (various sizes) Stan Dil N. J. for hire.

U. S. Steer.

LOUE POONG SHAY,

Chit Managar.

SAFETY FIRST!

To Safeguard Your Valuables and Jowelleries.

Deposit them in a Vault that is really: FIRE-PROOF BURGLAR - PROOF. DAMP-PROOF!

OUR SAFE DEPOSIT VAULT

The following quotations, from Lon- don were received last night between 6.30 p.m. and 10.30 pm.

Silver: Spot 23% (last close), 23% last recd.), down (change).

Silver: Forward 24 (last close), 23% (last recd), down (change).

Silver Report: Speculators, cluding China, bought and gold: India and America bought. Market closed steady, with further buyers.

in.

London/NY. Selling Rate: 4.93%

Gold: 142/7 (last close), 142/1 (last reed.), Gd, down (change)."

un

Is-

(change).

located on the Mezzanine Floor of

Our New building is Specially Con-hat close), 4.94 (last' reed),

structed td provide all of these... portant Qualities.

London/Paris Selling Rate: 74.15 (last close), 74.40 (last recd.), .25 up) You may obtain a Safe Deposit (change). Box in' this most up-to-date Vault for your own uas at a very moderate Red-clone), 8.61 (last recd.). .02 up (change) Ital.

De Fized Deporte reped for 3 or shorter periods in Lacal and Foreign Curesacion o Corine which will be quoted on application.

Hale Depot So To L

XAN TONG PO.

Chief Manger,

Hong Kong, Lot Narb, 1934.

THE BANK OF TAIWAN, LTD. Head Office:Taihokn, Formosa, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Forinoza, Notas

Issued Average amount Y.45,000,000!

Branches and Agencies.

Japan:-Kobe, Osaka, Tokyo, Yoko- hama, Keelung. Makong, Nanto, Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamsul, Toon, Karenks. Kagi, Heito, Giran. China:Amoy, Canton, Foochow, Han-

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

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

Y. OHNO,

Manager.

Hong Kong Branch

9, Des Voeux Road, Contra),

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1880'

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

THE

AMERICAN EXPRESS COMPANY,

INC.

Head Office: 65, Broadway, New York

Capital

Surplus

Reserver

U.S.$6,000,000.00

2,087,112.09 1995,528.81

Milan Nic Naples Pirmus Faris E'alpin Palerm Forsenda The Shangh Houthampton Hingepee Dista Toormias

BRANCHES:-

Amatarán Antwerp

Олон

Austan

Glasgow Hlaversa

Sonia

Berila

Han bay

Bratis

Brskala

Bamburg KATE Haldriborg Kherlaken Jerusalem London

Liverpoot Lucer Lugano

Luxor Maralle

Vienne

Kools Carle

m

Manila

Calm Calcutta Canas Colombo Copenhagen Deblin

Eduburb

Florence Borers

Munich

Moto

Enzokame Zudch

Branches of American Express Com-* pany in Principal cities of United States of America and Canada.

All classes of Commercial Banking Transactions undertaken.

Personal investment accounta

handled.

The Company offers to intending Travellers the use of its Travelers Chequee" and Letters of Credit, and. in addition, the world-wide services Yen 124,260,090 bf its thoroughly equipped Travel De

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

Head Office:-YOKOHAMA

Branches and Agencies at: Alexandria ! Nagasaki

Batavia

Berlin

Bombay

Calcutta

Canton

Nagoya *New York Osaka Parts Peiping Dairen (Dalny) Rangaon Fengtien (Mukdan) Rio de Janeiro Hamburg

Hankow

Harbin

Hong Kong Honolulu

Hsinking Karachi

Kabe

London Los Angeles Manila

Hoji

San Francisco Sonttia Semarang.

Shanghai Singapore

Soerabaya Sydney Tientsin Tokyo

Tsingtan

Yingkow

Intersat allowed on

rent Deposits received for fixed reriods

partment

C. H. BENSON.

General Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $19,000,000

Foreign Exchange and Banking Business of every description transect.

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

led.

Safe Deposit Boxes (various sizes) for hire.

PHILIP GOCKCHIN

Chief Manager -

at rates to be obtained on application. L GOCKCHIN

C. KISHINAMI

& Manager Hong Kong, 11th September, 1984.

Assistant Manager

FALI SHU FONG Assistant ManK)

Liverpool Cotton-Mur.: 6.62 (last

Liverpool Wheat-Dec. 5/21 (last) close), 5/14 (last recd.), 1% down (change).

London Rubber-Jan-Mar.: (buyers) | |7-1/16 (last recd.), unchanged.

London Rubber-Jan.-Mar.: (sellers). 7% (last close), 7-3/16 (last red.), 1/16 un tchange).

London Rubber-Jan.-Mar. at noon; (biyera) 7-1/10 (last red.)

LOCAL DOLLAR DECLINES

Silver Prices Falter

The local dollar declined, open- ing on demand this morning at 1/74, which is a nominal rate.

Both spot and forward silver de- clined, closing yesterday at 234 and 23%, respectively.

The London on New York cross- rate, which closed on Thursday at U.S.$4.93%, yesterday closed at £-U.S.$4.94%, while the New York on London rate closed at 2-US. $4.94%, as compared with -U.S. $4.9336

RELIEF. SPENDING

SOARS

Emergency Expenditures Published

SPECIAL TO CHINA MAILA (By Telegraph, Copyright, Telegra phie Messages Ordinance, 1891. Re (ceived October 10, 3,15 am.)-

Washington, To-day:

The United States Treasury has reported that "New Deal" emergency expenditures since July 1 amounted to U.S.$1,018,443,339 of which half went for emergency rellef as com pared with U.6.$386,379,985 in the corresponding period of last year.

Total expenditures, including or dinary Government, expenses, fotall- ed U.S.$1,828,896,679, as compared with U.S.$1,128,421,169. -- United Press, per S. E. Levy and Company.

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

Capital paid up.....15,000,000. Reservos

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

C

A Bank having as its mission the Industrial development at Chinx and the fostering of her, commer« cial relations abroad. Hong, Hong offce Ice House St. Phone 31481-2-3-

Shipping.

Doublases, $41 n.

Indo-Chinas (Def.), #95 n.

Shell (Bearer), 46/3 n.

Mining

Benguet Exploration 22 cts. n, Benguet Goldfield, 20 ets. 1. Big Wedge, 10 cts. n. Gold Creek, $2 m.

Gold Rivers, 21 cts, a.r Ipo Mining $21⁄2 n.

Itogans $6.30 n.

Salacots 16 ctx. n. Kailan) 25/- fi.

Langkats (Single) Sh: $171⁄2 n. S'hai Exploration, Sh, $5 n. S'hal Loans, 61⁄2 n. Raubs $12.90 m.-

Venz; Goldfield, $5 n.

Docks, etc.

H.K. Wharves, 107 b. H.K. Docka, 12 n. Providents (old); $11⁄2 n.. Providents (new), $50 cts. n. Hongkews, (old) Sh. #910 n. New Engineerings, Sh. $5% S'hai Docks, Sh. $121 m.

Colton Mills. Ewo Cottons, Sh. $11.90 sai S'hai Cottons (old), Sh. $76 n. S'hai Cuttons (new), Sh. $45 n. Zoong Sings, Sh. 39.40 n. Wing On Textiles, Sh. $55 n.

Lands, Hotels, etc. H.K. and S. Hotels, $54 b. and sa, H.K. Lands, 852 b...

H.K. Lands 4% Debentures 31%

prem, n.

Shanghai Lands, Št. $27% .n. Metropolitan Lande, Sh. $14 n. Humphreys, $10 n.

H.K. Realties, $4% n. Asin Realties "A", Sh. $140 n. Asia Realties "B" Sh.420 m. Chinese Estates, $90 n. China Realties. Sh, $15. Debentures $137 n.

Public Utilities. H.K. Tramways, $20 b. Peak Trams (old), $14 n. Peak Trams (new), $7 x. Star Ferries, $981⁄4 n.

Yaumati Ferries $21% b.

ROOSEVELT'S TALK AWAITED

- Monetary Indications

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telegra phic Messages Ordinance, 1894, Re |ceived October 19, 8.14 aan.)

New York, To-day. Wall Street, is awaiting Pre- sident Roosevelt's address before the American Bankers' Association next Wednesday, and many au- thorities are predicting that it might indicate the future mone- tary policies of the Roosevelt Ad- ministration.-United Press per S. E. Levy and Company.

SHANGHAI STOCK MARKET

Rubber Firmer Early This Week

A.O.F. COMMENT

Shanghai, October 11. The heavy decline last Tuesday

in the raw rubber markets in New York and Singapore was reflected in the Local Rubber Share Market.

MOVEMENTS ON

WALL STREET

DRIFTING MARKET INDICATED

STEEL SHARES HEAVY

New York, To-day. Wall Street was 'narrowly irre gular yesterday. Movements were mostly_of_minor fractiorum. Steel Corporation shares were in- clined to be heavy, Recessions. falled to bring out any important liquidation and the underlying sentiment la cheerful. A con 99% tinued quiet and drifting market. 1.00% seems to be indicated. ·

94% S. E. Levy And Company's Report In their market report. Megara." 77% S. E. Levy and Company, corres», 81% Dondents for Messrs. White, Weld 81 and Company, New York state:**

"Stock: The market was inde

and

lack cisive.

immediately 7894 ing

further incentive for 83% rise, with investors and Traders awaiting the various Presidential addresses for the coming week, particularly that before the Ameri can Bankers' Association, for fur ther confirmation of a Government policy for the encouragement of business.. Meanwhile, we believe that purchases can be made dur ing the period of irregularity and we would include railroad issues among our purchases. We believe there is a strong possibility that the Lower Court, which is now hearing the-Pension Bill, will de- clare it as unconstitutional. Busi ness done: 660,000 shares.

►

WORLD RESERVE OF COPPER

Britain And U.S. Hold 83 Per Cent.

ÉPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Talegro phic Messages Ordinance, 189. Re- |ceived-October 19, 8.14 am)

New York, To-day.

(Continued on Page 10.)

Latest Quotations

The following quotations have been received through Moasre. S. E Levy and Company and the Ameri can Oriental Finance Corpora-

New York, Yesterday.

Last To-day'a

The "Engineering and Mining tion: Journal" estimates world reserves of

copper ore at 104,830,200 tons, N.Y./London Cross-Rate 4.99% 4.94 which is sufficient for 65 years, as N.Y. Cotton-Dec. jcompared with 88,542,000 tons early N.Y. Rubber-Dec. Chle Wheat-Dec;" lin 1933.

Chic Corn-Dec. Silver Official

The United States and Great Bri- tain own 88 per cent. of the reserves -United Press, per S. E. Levy and Company.

RAW RUBBER PRICES

Latest Quotations From,

Singapore

(Dow

30 Industrials 20 Rails 20 Utilities 40 Bords 11 Commodity

12.87 12.32

14.16 14.20

100% 99%

77% 77%

-54% 53%

Jones AVR.)

To-day's

Oct. 17 Close Change 95.29 93,84 .05 up

. 30.57 86.28 29 of

20.00 19.88 12 off

10 93.4393.35.68 of

Index 59.27 59.14 13-off

17 Leading Stocks*

Amer: Can Amen Smelt and Ref.

Buyers reduced their rates, but Messrs. H. B. Joseph & Co have Amer Tel and Tel sellers were not inclined to follow, received the following Straits Cur-Auburn which position resulted in very few rency, quotations (Buyers) from J. 1. Case..... shares changing hands. There was a little more activity in the General Market, led by International As surance shares.

Singapore for Raw Rubber.

Jan-Mar-25 % Unchanged. April-June-26 % Unchanged. Market:-Dull,

PUBLIC AUCTIONS.

Although on the next day the London raw rubber market closed unchanged, after a decline of three sixteenths, and the New York Mar ket closed 29 points up, there was little response in the local market. Buyers were not prepared to ad- Auction

vance their rates and sellers were

equally reticent about lowering theirs. The only transactions of interest in the general market were 500 Shanghai Lands done at 27.76 caeh, and 50 Shanghai Cotton

C. Lights (old), 89 b., 8.90/9 ja. (New) at 44.50 for the same settle-

C. Lights (new); 8.75 b.

Telephone

FL.K. Electrics; $70 n. Macao Electrics, $25 TMn. Sandakan Light, $8 0.

(old), 23 22.60/23% an. Telephone (new), $10.90 m China Buses: Sh; 18.20 n. Singapore, Tractions 4/5 b. Singapore Pref., $18.

Industrials.

Malabon Sugars, $8.70 n. Cold: Macg (ord.), Sh. $21 n. Cold: Macg. (Pref.), Sh. $20 Canton Ices; 2.65 b. Cements, $2.35 n H.K. Ropes, $34 n.

Stores, etc.

Dairy Farms, $23.70- Watsons, 5%

b.

Der. A. Wings, $1 n. Lane, Crawfords, $4 n., Mackintosha, $21 m Sinceres, 810 n Win Powells, 70 cts: n. Wing On (HE), 110 n.

Miscellaneous... HK Amusements, $4. Entertainments, 67% 0. S.C. Enterprises, $1.30 n. United Theatres, 8h. 61% n. Macao "Greyhounds," $2 h. Constructions Cold), $1,80 'n Constrictions (new) 78 cts. Ch. Govt, 5% 1985.G$Bds-87%n HK Govt. 4% Loan 8% prem H.K. Govt 84% Loan 85% Wallace Harpera, 373⁄4 ni Vibor Piling $6.60 b.

ment.

The local rubber market was easy on Thursday, although the volume of business was larger)

THE Undersigned have received

Tinstructions to sell by Public

ON:

THURSDAY, the 25th Oct., 1834, commencing at 11 a.m.

at No. 49. Hankow Road,.

Banco Building, Kowloon

A Quantity of ・・ VALUABLE HOUSEHOLD

FURNITURE also

One Atwater Kent Radio

Gramaphone

Close

1032

37

110

28

-472

Du Pont VAN

94

Elec Bond and Share

10

General Motors Int Tel and Tel McIntyre

30

101

464

28

20%

21%

19

103

23

32

Montgomery Ward Nat, Distillera [NY. Central-

Socony-Vacuum Union Pacific U.S. Steel.. West E and M..

Business done:-660,000 shares.

Is It Insured? ?¶

Insurance All Clansen' LOWEST RATES |

American Asiatic Underwriters

Fed Inc USA

General Agents

On View 'from Wednesday, the Head Once

Terms: Cash on Delivery

than on Wednesday, many brokers preferred to wait and watch the |24th October, 1934. primary markets before entering into further commitments. A lit- tle more business was shown on the general market.

·

Friday And Saturday

on

The Shanghai rubber market opened caster on Friday, but receipt of the Singapore raw-rubber market opening, which was of a cent up; the market hardened, and closed at the best. The general. market showed little in the way of improvement, either in rates or the volume of business.-M. Be

Saturday's rubber market was easter following the further heavy declines in the primary markets. There was no pressure to self, but buyers were adopting a waiting at- titude. The general market was dull and uninteresting.

Better advices from the raw rub- bermarkets had a stimulating effect on the local market on Men- day, Rates generally showed a small advance with a little broader demand. The only Item of Interest in the general market was the steady demand for Shanghai Lands; 4,300 of these shares being done at

LAMMERT BROS,:

Auctioneers. Hong Kong, October 19, 1984.

17, The Band,

ShangHa!

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, INC." CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR -WHITE, WELD & COL NEW YORK

7 ICE HOUSE, STREET HONG KONG

80101 and 80108-

VAHA Offca.

Asia Life * Building Tel-30234

Tel Address: Selco