1934-10-26 — Page 6

-

BANKS

HONG KONG AND SHANGHAI

BANKING CORPORATION.

Authorfand Capital

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA.

and and Fally Pad 32000. Incorporated by Royal Charter, 1983.

Motorra Funda;-

Herre Liability of. Tropriators

READ OFFICE; HONGKONG,

wwwwwww

Chalzinan,

B. I. Dodwal, May. Deputy ChainaA.

Bowling ravinnsl Bran

# $1,500,000 $10,000,000

HEAD OFFICE: LONDON

21,006,000

Paid-up Capital

Reserve Fund

.£3,000,000 £3,000,000

BOARD OF DIECIOMT. Hos. Mr. C. 0.8. Moki

Reserve Liability of Pro-

prietors

£3,000,000

Agencies and Branches:

Alor Bi

Aurii

-Fpr

Парколо Kalyon

Bangkok

Kazach

Folayla

Alany

Boutbar

Koh

Cakratie

Kokia

Secainban Rangkai Singapore

Lixapar

Sitiawan

Campore

Kachtr

||Cabu,

Madak

Colombe

Manita

Talping Tlentin

Dalbi

Modag

New York

Hamburg

Pol

T-ingtao

Unkow

Yokohama

Lette

Teanna

Zamboang

Đhơn, Mr. W. If. Bali.

A. 11. Compton, Eng W.d. Roswick, Esq.

B. V. Knight, Eay.

AMOY MANGRUR

BATAVIA

BOMBAY DALCUTTA

CANTON

OLEFOO COLOM

DAIBEN FOODHOW

ITA PITONG

FLAMBURI HANHOW

HARBIN

HONGLEW

JOILU

1708

JOHORD

KOBE

KOWLOON

0. Miskin, Faq.

K. S. Martino, Eng.

1. E. Pearce, Eaq,

▼. M. Graybarna, Esq. Chief Euanger.

BRANCHVA

LINDUN LYONI

MALACCA MANILA

STVAR AJnbore]

31URDEN

NEW YORK

PEIPINO PENANG RAKOOON

BAIGON

SAN FRANCISCO

KUALA LUMPUR

SHANGHAI

SINGAPORE

EOGRADATA

BUBOBI FATANI

ΤΙΕΝ ΤΗΝ

TUXTO

THENOTAO

YOKOHAMA

Curreal accoste-opened in Lovel Currane

nad Fired Dupontis reculved loe vas your ar

Marler periods is Local Company and Bello sarms, which wilt be quoted on suplication Hong Kong, Watch April, 1934,

Halabong

Bourabaya

THE CHINA MAIL, FRIDAY, OCTOBER 26, 1934

Commerce and

Finance

LOCAL DOLLAR STEADY

Silver Prices Advance

The local dollar remains steady, opening on demand this morning at 11/700

Both spot and forward silver ad- vanced 1/16, closing prices yester- day being 23-13/16 and 23-15/16, respectively.

The London on New York cross- rate, which closed on Wednesday at Porsign Exchange and General Booking busin—U.S.$4.98%, closed yesterday at

Hoog Koor

Transacted.

Current Accounts opened sad "Flxed Deposita] £—U.S.$4.97%, while the received for one yene or shorter, perioda at "entos: which will be quõlad on application.

W. H. É, THOMAS,

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

New York on London rate closed at U.S.$4.97, as compared with | £-U.S.$4.9814.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

STRONG UPTURN

EXPECTED

Wall Street Broker's Prediction

"AMERICA CAN NOW

RELAX"

Journal's Comment On Roosevelt's Speech

|MANY CONSTRUCTIVE FACTORS SPECIAL: TO CHINA MAILED

(By Telegraph, Copyright, Telegra Jokio Messages Ordinance," 1896; Re New York To-day. ceived October 26, 11.03 b.m.) An overwhelming dominance' of)

New York, To-day, The following is the list of local constructive factors led brokers to

The "Wall Street Journal," in an predlet a strong and sustained editorial on President Rocaevelt's share quotations issued to-day:

market up

address to bankers, said: "The ten-

Banks.,

H.K. Bank $1585 b. H.K. Bank (London), $1331⁄2 n Chartered Bank £15% n. Mercantile Bank, A&B. £30 Mercantile Bank C. $19.- Bank of East Asia, $99

yesterday."

S. E. Levy And Company's Reportsion has broken and the country In their market report, Mesare. Can now relax. We can devata a

NEW ADVERTISEMENTS

THE MACAO JOCKEY CLUB MACAO RACES SUNDAY, 28th October, 1934.

Special sallings see Steamboat Co. Notice.

NEW YORK STOCK EXCHANGE

A.O.F.C. Quotations

S. E. Levy and Company, corres larger share of our time to the bust-S. E. Levy And Co. And -pondents for Messrs. White, Weld less of recovery of which the Pres sident spoke and to making profita and Company, New York state:

"Stocks: The inability of the which the President have endorsed.” Am: 0. Finance Corp. Sh. $20 market to respond, more readily to United Fresy, per S. E. Levy and China 0. Fin. Ord., Sh. $4 n.

Company. Chine O. Fin. Pref. Sh.. $5 n..

..

Insurances. Canton Ins., $285 8. Union Ins., $50214 b........... China Underwriter, $1.15 b. China Fire Ins., 510 m.

THE BANK OF CANTON, LTD. THE ANGLO-GERMAN HK. Fire Ins., $2371⁄2 n.

EXCHANGE

· · Established 1912.

Head Office:-Hong Kong.

Anthorised Capital

Total Resources

$11,000,000 8,055,000 32,170,4921

Board Of Trade Figures

Paid-up Capital:..

London, To-day.

Branches: Canton, Toishan, Shanghai, In regard to the Anglo-German Hankow, Bangkok & San Francisco, exchange agreement, the Board of

Foreign Exchange and Banking

HONG KONG SAVINGS BANK London Bankers: Lloyds Bank, Ltd Trade has announced that the un-

The Business of the above Bank Leduc

by thONG KONG AND RHANQUAT

BANKING CORPORATION. Hules may shalsed on application,

business of every discription trans-sold balance in the special accounti acted.

of the Bank of England at the Reichsbank amounted on the even-

Current Accounts opened and Fixed; Deposits received for one. year or

¿quoted on application.

FOR THE HONG KONG AND SHANGHAI shorter periods at rates which will being of October 24 to 5,450,000

BANKING CORPORATION

V. H. UMAYRUAN.

Chief Manaque.

Hong Kong 24h February, 1834.

THE BANK OF EAST ASIA, LTD,

Authorised Capital

...@40,000,000,00

....$ 5,500,000,A0 Bild-up Capital ummmmmmmmt a Boner and Undivided Proßte (24B4,000,00

HEAD OFFICE:-LONG. HONG 11, D You Bond Central,

HOARD OF DIRECTORS :-

Sir thou-son Chow, Chairman,

It Loon Chun. Esq. F. X. Swak, Eng Wood

Twa Toor. Ey.. Chin Ching Bhek. Eng

Sang, Erg, Wong Chu 800, Esq. and Kar Fing 1. Ki

Bombay

هاان والسنة

Ban Long Po. Eng.. Chust Manager.

L T Pong, Eng., Kuongar.. |

BRANCHES AND AGENCIES 20

والأعمال

Bestils

31

Barang

Slagmanki

Shanghai

New York

VARKS

Kingapore bourabaya

Heights Hasion

Paris

POLLIR

-bydney

Penang

Eske Kowloon Loadou

Has good Baigo

Tethoing Telan

Ben Frauciso

Tokra VAJOUTE Yokoha

Honolulu

fars, desorption of Beaking and Pschange Busias trauected. Losos grested on approved

carlos,

Current docounte opened in Local Curr

and Fixed Depoults toseirad for you

borlar paried in Escal and Foreign Currencies

es arms which will be quoted on application

Hata Depout Borsa To

KAN TUNG PO

Flong Rong, 1st March, 1984

Chiat Manager.

THE BANK OF TAIWAN,” LTD.

Head Office: Talhoka, Formosa," Incorporated in Japan by Special Imperial Charter, 1899,

Safe Deposit Boxes (various sizes) for hire.

LOOR POONG EBAN,

Cala? 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 thean Im- ¡portant Qualities.

You may

reichsmarks approximately.

The amount notified to the Relchsbank and awaiting transfer to the special account at midday on October 24 amounted to 13,750,000 reichsmarks approximately.

The sales of sondermarka be tween Gctober 22 and 24, inclusive. amounted to 1,201,000 reichsmarka.

--British Wireless Service.

U.S. RAILWAY ROLLING STOCK SUGGESTED

New York, To-day. Mr. Joseph B. Eastman, the Federal Co-ordinator of Trans- obtain Safe Deposit Box in this most up-to-date Vault for port, has recommended that the your own use at a vary moderate Rea-railroad companies pool their freight car equipment in the in- Iterest of economy.. United

Press, per S. E. Levy and Co.

ital.

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

THR

VAST INCREASE IN U.S. CAR SALES PREDICTED

wwwwwww

Automobile

New York, To-day.

manufacturers pre-

AMERICAN EXPRESS COMPANY, diet that 1934 sales will total 2,-

INC.

Head Office: 65, Broadway," New York

Capital

Surplus

Reserven

laaned Average amount "Y,45,000,000

Branches and Agencies,

Central Bank of Formosa, Notes

Japan:-Kobs, Osaka, Tokyo, Yoko-

hama, Keelung, Makong, Nanto, Amarde "Shoka, Shinchiku, Taichu, Tainan, Taito, Takao, Tamaul, Toen, Karenko. Kagi, Heito, Giran.

China:-Amoy, Canton, Foochow, Han-

kow, Shanghai, Swatow. Others: Bombay, Hong Kong, London, New York, Singapore, Batavis, Sumarang, Soerabaya, Dairen. On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 1%.p.a. on daily balance and the rate for balance over $10,000 will be quoted on application (Maximum ráte➡134), 1.

Y. OHNO,

Manager.

Hong Kong Branch"

8, Des Voeux Road, Central,

.U.S.$8,000,000.00 2,097,112.69 1,995,528.31

موازل

Nio Naples Piraeus Paris Palpis: Pafirma Rolberdan

Shangha Sonthampton Shigug *Mendilu Termina Vienna

BRANCHES:-

Antworp

Atbana

Asrosa

Hentre

Berlia

Gevon Blagan

BAT Kambing HATTO

Bomber

Breman

Hildalborg Interlaken

Вешкови

Jorstelens

Cairo

Fondon

Colectie Cauties Colomie Copenhage

Liverpest

Luceras

Lugano

Luior

Dublin Edinburgh Plocence

Marvellou

Moule Carle

Manila

Musleh

Vanica Tokohama Zurloa

Moatrous

Branches of American Express Com- pany in Principal cities of United Btates of America' and Canada.

All classes of Commercial › Banking Fransactions undertaken.

THE YOKOHAMA SPECIE BANK Personal investment accounts

LIMITED.

Established 1880

Landled.

800,000 cars, over 40 per cent above the sales of last year. An estim- ate indicates that the normal an- nual output is above 3,750,000 cars. -United Press, per S. E. Levy and Company.

International Assce. Sh. $8 n.

Shipping.

Doublases, $41'ń. H.K. Steamboats, $74. Indo-Chinas (Pref.), $30 n. Indo-Chinas (Def.), $38 n. Shell (Benrer), 45/71⁄2 n. Union Waterboats, #18% n.

Mining.

Antamoks, 60 cts, n.

Balatoes, Ex. Div. $37. a. Baguio Gold, Ex Div. 46 cts. n. Bengust Consolidated 41%

cta. n.

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

the stimulus provided by the Presi dential speech," : indications" of the Jelection in California and the Pen-

The following quotations from New York have been received by Messrs. 5. E. Levy and the American Oriental Finance Corporation.

Last

sions Bill ruling must be construed LATEST QUOTATIONS NY/London. 4.98% 4.38 4.95

unfavourably for the present. We would protect holdings accordingly.]

Mar... The following quotations have Business done:-1,030,000 shares. been received by Messrs. S. E. Lovy "Bonds-United States Goyern- and Co. and the A.O.F.C. ment issues were down. High-grades!

Oct: 25 Oct. 26 Rubber Dec. were easier at the close, but there New York Cotton: Closing Closing c. Wheat Dre. [was still a good demand. Second-October

grades were off.

December

"Grains: The market. Ignored January bullish Argentine news. Liquidation March

of December contracts was an in-May- fluence. Total sales:

Wheat:-July

October

"Cotton:Spot"

cotton firms December

17,483,000 bushels: Corn:--8,785,- New York Rubber: 000 bushels,

sold with freedom. Cotton for Oc-January tober, 1935 is expected to open at a March discount.

(Continued on Page 13) Latest Quotations

NY Central 23% 23

964 Stan Oil NJ, 414

961 U.S. Steel 34% 344

London Prices

The following quotations from Lon- don were received last night between 74% 5.30 p.m. and 10,30 p.m.

Close Opening 11 am.

Cotton Dec, .... 1239 12.88 · 12.88

Silver Dec.

1246

12.48 12.40

5300

59.04

Mar. Silk Dec.

Mar......

5380

64.00

117

116b

1414

1452

14.18 14.57

.98

-98

12.35

May

98%%

:98%

..12.39 12.29

C. Corn Dec...

76

75%

1.12.42

12.92 May

77% /

776

12.46

12.35

W. Wheat May.

81%

82-

STOCKS:-

.12.51

12.40.

Amer Smelt

36%

36%

12.53

12.45

Auburn

20 27% 26%

Con Gas NY

27%

28%

..18.97

13.91

Du Pont

94

93%

El Ba and Sh... 10%

10

.14.14

14.07

Gon Motors... 30%

30%

30%

.14.25

14.16

Int Tel and Tel 10

10

10%

14.52

14.46

Loew's Ind.

**** 3034

.30%

May

..14.72

14.64

MeIntyre

44%

Mont Ward

2876 29

July

.14.93

14.87

Nat Distill

22

Chicago Wheat; December

98

The following quotations. have May been received through Messrs. S. E July

98%

.93%

91%

Gold Rivers, 21 ets. ..

CAT tion:

Levy and Company and the Ameri- Chicago Corn: Oriental Finance Corpara December

75%

May

77

7636

Salacots 16 cta, n.

New York, Yesterday. July

773%

76%

Kallan, 23 n

Last To-day's Winnipeg Wheat:

Langkats (Single) Sh. $17

n.

N. Y./London--

October

7830

76%

Cross-Rate

4.985%

N. Y. Cotton-

4.07 December

774

Dec.

.12.30

12:20-May

8134

81

N. Y.. Rubber-

New York Sugar:

Dec

.14.14

14.07 October

1.70

1:80

Chic Wheat

March

.1.70

1.74

Dec

98

9814

¡Chic Corn-

May

1.74.

1.78

Dec.

·76

74% July

1.79

1.88

Montreal Silver-

Dec. Silver...

··Offfelal

New York Silk:

53.00

53.20 December

1.17

1.18

63

58,16

March

1.18

1.17

(Dow Jones ATK) ·

May

1.19

1.17

To-dayis

New York Metals:

Oct. 24 Close, Change

90 Industrials

5.99

: 6,06

58.00 A

.58.80

.54,50

NOMINAL.

Ipo Mining $21⁄2 n.

Itogans $6.30 n.

'S'hai Exploration,. Sh. $51⁄4 a.

S'hai Loans, $6% 0. Raubs $11.60, n. Venz; Goldfold, $5 n.

Docks, etc.

H.K. Wharves, 107 b. H.K. Dock $12,00 ni Providents (old), 11⁄2 b. Providents (new), $50 cts. n. Hongkews, (old). Sh. $310 n.. New Engineerings, Sh. $51⁄2 ¤. S'hai Docks Sh. $124 n.

Cotton Mills.

Ewo Cottona, Sh. $104 5. S'hal Cottons (old), Sh. $75 n. S'hal Cottons (new), Sh. $46 n. Zoong Sings, Sh. $9.40 a. Wing On Textiles, Sh. $55 a.

Landa, Hotels, etċ. · H.K. and S.Hotels, $5 s. H.K. Lands, $51 b.

20 Rails

20 Utilities 40 Bonds

....95.60 94.19 1.41 off Copper March

11 Commodity In-

dex

.87.69 35.79 1.90 of Tin March .......50.55.- .19.90 19.4440 off Montreal Silver:",

93.88 93.93 07 up December

.102 A. ASKED.

.58.07 57.71,30 off)

¡March.

17 Leading Stocks

May

Close Jely

Amer Cen Amer Smelt & Ref

36 N.

.110%

Auburn

234

47

B2

H.K. Lands 4% Debentures 24 Amer Tel & Tel

prem. s, Shanghai Lands, Sk. $27% ¤.. Metropolitan Lands, 3h. $14 'n. Humphreys, $10 m. (*) H.K. Realties, $41⁄2 n.

· Agia Realties "A", Sh. $140 n.

RAW RUBBER PRICES Asia Realties "B" Sh.$20. m

Latest Quotations From Singapore

Messrs. H. B. Joseph & Co have just received the following Straite Currency quotations (Buyers) from Singapore for Raw Rubber.

Jan.-Mar-24% down. April-June-26.down%:

Market:-Dull.

SHANGHAI RUBBER SHARES

Latest Quotations

Messrs Carroll Bros. have receiv The Company offers to intending ed the following cabled quotations Travellers the use of its Travelers of Shanghal Rubber Shares. (Prices Capital (fully paid-up) Yen. 100,000,000 Cheque Letters of Credit ad in Shanghai Dollars

In addition, the world-wide services

Beserve Fund"......

Yon.124,250,000

Head Offres-YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

Nagasaki Nagoya New York Osaka Paris Palping Dairen · (Dalny).. Rangoon Fengtien (Mukden) Rio de Janeiro Hamburg

San Francisco

· Hankow.

Harbin

Hong Kon Hopolula

Usinking Karachi

Los Angeles.

Moj

Kobe London

Manila AIyterint; allowed

Deposita received

3 rates to be obtai

Seattle Semarang Shanghai Singapore

Soer baya

f its thoroughly equipped, Travel De partment.

4. E: BENSON,

General Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact- ted.

Current Accounts opened and Fixed Deposits received for one year or shor- ter period at rates which will be quət-1 ed on application.

Safe Deposit Boxes (various sizes)

for hire

PHILIP GOCKCHIN

GOCKCHIN

Assistant) Mannger.

LI SHU FONG “Assistant: Harií

Anglo Javas $11.75 Anglo Dutch $8.00 Chemora 90

Consolidateds $3.60 Java Consolidateds: $2.00 Kroewoeks 82. Tanah Merah $1.88 Tebongs 67 Zlangbe $10,60

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED; (Incorporated in China) Capital vaid unt Reserve

$5,000,000 7,000,000,

Emers

$500,000 $600,000.

A Bank

mission the development+767) China

Chinese Estates, $90 m. China Realties. Sh. $154 a. Debentures $137 n.

Public Utilities. H.K. Tramways," $20 n. Peak Trams (old), 814 n. Peak Trama (new), $7 n. Star Ferries, $97% n Yaumati Ferries $211⁄4 b. C. Lights (old), $8.95 m. C. Lights (new), $7.70 n. H.K. Elecrtics $69% n. Macao Electrics, $25 n. Sandakan Light, 18 n. Telephone (old), $23 b,~ Telephone (new), 310 n. China Buses" Sh. 18.20 n Singapore Tractions: 4/6-b Singapore Pref., $17/9 b.

Industrials.

Malabon Sugars, $8.70 n. Cold: Macg. (ord.), Sh. $21, n. Cold: Macg(Pref.), Sh. 320 në Canton Ices, $2.65b. Cements, $2.35 m. H.K. Ropes, $84 n.

Stores, etc.

Dairy Farms, $2371⁄2 11. Watsons, $5% n Der, A. Wings, $1ŷn. Lane, Crawfords, 24 n. Mackintoshe, 821 neig Sinceres, $10. n. Wm. Powells, 70 eta, n.. Wing On (H.K.), 110. n.

Miscellaneous.. H.K. Amusements, $4 n.. Entertainments, $735_n. 9.0. Enterprises, $1 n.. United Theatres, 895 $1% Macao "Greyhounds,, **** Constructions(old), $1.80 n. Constructions (new), 78, Ch. Govt 6% 1925 GBds HK Govt 4% Loan Bre prom H.K Govt.3% Loan 1%

4% prem

Wallace Harpers, 17 Vibor Piling $6.60 b.

J. E Case Du Pont

Elec Bond & Share General Motors

|Int Tel & Tel :

McIntyre Montgomery Ward Mat. Distillers IN, Y. Central

Secony-Vacuum Union Pacifle

U. S. Steel. West E&M.

Silver: Spot 23% (last close), 23-13/10 (lakt reed.), 1/16 up (change), Silver: Forward 28% (last clone), 28-15/16. (last recd.), 1/16 up (change).

Silver Report: India bought. Spect 78% latore bought and sold. China "sold.

Market quiet..."

50.85

Gold: 139/10 (last close), 189/8 (last reed.), dd, down (change)

London/N,Y. Selling Rate: 4.98% (last close), 4.98% (lant reed.), un-- changed...

Londort Paris

Selling Rate:4-75,401

{(last close); 75.40 (last recd) 06 down

(change).

Liverpool Cotton-Mar. 6.62 (last close), 6.69 (last red.), .07 up (changed)..

Liverpool Wheat Dec.: 5/1 Clasb close), 5/1 (last recd.) unchanged.

London Rubber Jan-Mar.: (buyers)

17 (last close), 8-15/16 (last rood.), 1/18 down (changed).

London Rubber-Jan.-Mar.: (sellers) 58.20 47-1/16 last close), 7-1/18 (last recd.), 54.20 uncated. supuso S

London Rubber-Jan-Mar. (buyers) (last red.) 55.06 NLondon's Forecast

54.70

29 RUBBER SHARES

20%

9%

27% 2144

21%

131

.100%

P

Latest Quotations From Singapore

33 Alor Gajah

MAJOR ADVANCE ON WALL

STREET PREDICTED

A New York, To-day.

Buyers Sellers $1.50 $1.60 8.30 3.50

1.90 C.

at noon

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

..

Wall Street is expected to r

to record an improvement, owing to the continued strength of railroad issues and also on

President Roosevelt's promise to curtail public expenditure as business picks up and the affirmation of profit motive are

Constructive points:

The Cotton markat is expected to open steady, with further Hightening of "Spot". Agriculturists are urging the Reconstruction, Finance Corporation, for more liberal credit abroad, enabling foreigners to purchase cotton, Other- wiser Senate Investigation is threathan ed. Secretary. Wallace la against D. lowering catton prices and favours an increase in American, Importa, enabling" |foreign traders to obtain Dollars with

which to buy cotton.EMMA

Wheat prices will probably reflect the lesa bearish Argentine advices.

Rubber prices may open unchanged.

31

Amal Malays ¡Ayer Panas

Bassetts

1.80

75 80

C. Serdange

5.25

5.50

Glenealys Indragiri

2.20

1.25

2.30 4.1.30

The Dow Jones industrial aver- Jimah age is 95.60, as against 95.71, the Kedah high level reached on August 25. Kempas [Railroad average ls 87.69, às against Lünas

1.75 1.95

3.00

8.15

2.90

3.00 C. D.

2.16

2.25

a high record of 38.42. Chart com-Halaka Pindas

1:65

1.70

plore say that a major advance New Scudai should be seen if the August levels Pajama are pierced-United Press, per ST. Anson E. Levy and Companý. „

¡U'td Malacca

1.85

1.90

2.12 2.17

1.45 1.60

SEA FISHING INDUSTRY REORGANISATION

London, To-day-The views of representatives were invited upon the report of the sea fishing com mission and general unamimity was expressed as to the need for drastic réorganisation of the indus- try on the lines recommended by the commission and already publish- ed-British Wireless Service. The

Is It Insured? ?

Lasurance →→ All Claisen LOWEST BATES American Asi

BeFed. Inci USAZ

General Agent

A

1.82 1.87

· ·EXTRA DIVIDEND DECLRED E

New York, To-day-The Colgate Pamolive Peet Company has als nounced an extra dividend of th Cents per share. United per S. E. Levy and Company

S. E. Levu & Co.

UNDERWRITERS AND DISTRIBUTORS

SECURITIES AND COMMODITIES BOUGHT AND SOLD ON COMMISSION

DAILY NEW YORK STOCK AND COMMODITY SERVICE

Members:

NEWYORK.COTTON EXCHANGE COMM DITY EXCHANGE, INC. CHICAGO BOARD OF TRADE

CORRESPONDENTS FOR

WHITE WELD & CO., NEW YORK:

ICE HOUSE

and 80108

TONG KONG