1934-10-31 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING - CORPORATION.

Authorised Captu

Arve Funda-

Starting

E 5.500.000

$50,000,000 20,000,000

Banerys Blability of Proprietor #20,000,000

HEAD OFFICE: HONGKONG.

BOARD OF DIRECTORS,

Hoo. Mr. C, 0, 8. Mackie

Chairman

B. II. Dodwell, Jay. Deputy Chairman,

Mon. Mr. W, E, Ball.

A. th. Complot Kog.

M.J. Korwink, Esq.

2. D. Knight, Lay.

AMOY

MANGKOK BATAVIA BHIMBAY VALOUTTA

אטירא נט

CHEFOO

GOLUN BO

DARKN PUCHOW HAIPUGNO HAMBURG

HANKOW

HARBIN

HONGLEW

ILOILO

UDEL

TOKOBE

KOBE

IDWLQUR

ti. Miskin, Esq.

K. B. Morriman, Esq.

T, K. Parca, Esq.

V. M. Grybam, Kaj. Clasof Mounger.

BRANCHES

LONDON LYOKS MALACCA

MANILA

MULI (Jabora)

NURDES

SEW YORK

PEIPING

PENANG

BANGOON

*BAIGON

BAN FRANCISCO

KUALA LUMPUR

SHANGWAL

SINGAPORE MANUKALAYA

BUSOEL PATAN

TIENININ

TOKYO

THINUTAD

YOKOHAMA

Gurses Accouste opened in Local Casey

and Fixed Deposits received fur one year o shorter periods in Local Company and Bierling terms which will be quoted on sppitation. tinng Kong. Wah April, 1984.

HONG KONG SAVINGS BANK,

The Buelna of the abors Benkendues- by Sha HONG KONG AND SHANGHAI BANKING CORPORATION, Kules may be abiniued un application.

FOR THE HONG KUNG AND BEANGRAI BANKING CORPORATION.

V. M. GRAYBURN,

Chief Manige.

Hong Kong, ik February, 1984.

THE BANK OF EAST ASIA, LTD.

Alkorland Capital

Bear And Undivided Pro

-$10,000,000,00 ...590.000. ....$2.194,000.00

Paid-up Capital spaces

HEAD OFFICE: HONG KONG

11. Die Vaur Road Centrai,

BOARD OF DIRECTOKE:-

Bir Bhou-sen Chow, Charmiks.

LA Koos Chun, Esq., P. K. Kwok, E, WOO* Tuu Tong, L., Chan Ching Shak, Esq., Li Lan Woop Keq.. Wong Chu Son, Eay, and so Ying

Xun Tong To, Esq., Chief Maungar, ̧ | Li T Fong, Zijā Manager,

BRASCHUES AND AGENCIES-

Manila

Melbourne

Honolulu

Priping

THE CHARTERED BANK OF -INDIA, AUSTRALIA & CHINA.

Incorporated by Royal Charter, 1853.

HEAD OFFICE: LONDON

Paid-up Capital

.£3,000,000

Reserve Fund

,28,000,000

Reserve Liability of Pro-

prietorn

£3,000,000

Ageneles and Branches:

Aloe Biar

Hollo

Пастосо

Amtiluar

Ipoh

Saigon

Bangkok

Karachi

Barang

Balavin

Klang

Beremban

Noen bay

Kobe

Calcutta

-Kun'a

Caulon Caupporn

Lumper

Auching

Shangbr Hagepor Hitlawan Bourabaya

Talploe

Colomi

Stanija

Thakin

Dalai

Medan

Tongkah

Haiphong

→ Now Tork

llambura

Priping

(Bhukest. Taligtas

Henlow

(Pennig)

Vakchams

lfarbig

Топла

Zamboanga

Long Hoog

imacled..

THE CHINA MAIL, WEDNESDAY, OCTOBER 31, 1934

Commerce and

Finance.

LOCAL DOLLAR DECLINES

Silver Prices Lower

The local dollar has declined a opening on demand this morning at 1/7/A

Spot and forward silver prices declined 1, closing prices yesterday being 23-9/16 and 23-11/16, respec- tively.

The London on New York cross-

Vorel Exhkege and Camural Banking bailarate, which closed on Monday at Current Accounts opened Bud Pland Deposits.S.$961%, closed at £-U.S.84.- recuired for me your or shortan perinde am 984 yesterday, while the New which will be quoted on application,

W. H. E. THOMAS, York on London rate closed at Acting Manager.-U.S.$1.9%. as compared with Hong Kong, 20th February, 1984. | £—U.S.$1.96%.

THE BANK OF CANTON, LTD. LATEST

Established 1912,

Total Resources

QUOTATIONS

The following quotations have Bead Office:-Hong Kong.

[been received by Messrs. S. E. Levy Authorised Capital $11,000,000 and Co., and the A.0.F.C. Paid-up Capital

8,685,000

Oct. 29 Oct. 30. 82,170,492 Branches: Canton, Toishan, Shanghai,

New York Cotton; Closing Closing

12.21 12.22 Hankow, Bangkok & San Francisco, Secember London Bankers: Lloyds Bank, Ltd., January

12.23 12.26 Foreign Exchange and Banking March

12.26 12.27 bustness of every discription trans-

May

12.32 12.83 acted.

July

year

Current Accounts opened and Fixed Deposits received for one aborter, periods at rates which will be quoted on application.

Safe Deposit Boxes (various sizes) for hire.

LOOK POOND LITAN,

SAFETY FIRST!

To Safeguard Your Valuables and Jewelleries.

that is really:

FIRE-PROOF

BURGLAR-PROOF

DAMP-PROOF !

LOCAL SHARES.

*

TO-DAY'S QUOTATIONS.

WALL STREET

ANTICIPATES

ཚ་ག་ཇ་

NARROW MARKET

Traders Awaiting Elections

FRACTIONAL MOVEMENTS

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

Banks.

H.K. Bank $1635 b.

New York, To-day.'

steady movements,

mostly minor fractions either way, continued on Wall Street yester-

RAW RUBBER PRICES AMERICA BUYING

Latest Quotations From

Singapore

Messrs. H. B. Joseph & Co. have received the following Straits Currency quotations (Buyers) from Singapore for Raw Rubber. Jañ/Mar. 24% up .. April/June 26% up 14. Market:-Du

Tin And Rubber

The following quotations from day. A narrow market is anti-Singapore dated October 23 on Tin,

SILVER SUPPLIESTM

FROM MEXICANS

Switch From Orient And Europe

CHINA PURCHASES MAY STOP

SPECIAL TO CHINA MAIL. (By Telegraph, Copyright, Telogra phis Messages Ordinance, 1821, Res ceived October 21, 5.35 a.m.)

New York, To-day. The United States Treasury

H.K. Bank (London), $1331⁄4n.. [cipated, as traders await the Steel Rubber and Industrial shares; prices Secretary, Mr. Henry Morgenthau,

Chartered Bunk £16 .

Mercantile Bank, A. & B. £30% Marcantile Bank C. £13 n,

Corporation report and the outcome in Straits Currency,

n.

of the elections next week.

Bank of East Asia, $93 m, Am: 0. Finance Corp., Sh. $20 m. China O. Fin. Ord., Sh. $4 n. China O. Fin. Pref. Sh. $5 m.

Insurances.

Canton Ins., $285 a. Union Ins., $520 b.

China Underwriter, $1.10 b. China Fire Ins., $510 n. H.K. Fire Ins., $2371⁄2 n. International Assce. Sh. $8 n. Shipping.

Douglases, 341 n. HK. Steamboats, $74 n. Indo-Chinas (Pref.), $80 a. Indo-Chinas (Def.), $53 m. Shell (Bearer), 45/71⁄2 n. Union Waterboats. $13% n

Mining. Antampks, 60 cts. n. Balatoes, $37 n. Baguio Gold, 46 cta. n. Benguet Consolidated

•

41%

cts. n. Benguet Exploration 17 ets. b. Benguet Goldfield, 20 ets. n. Big Wedge, 10 cts. n.

Gold Creek, $2 n.

Gold Rivers, 21 cta, n. Ipo Mining $21⁄2 n.

Itogans $6.30 n.

Salacots 16 cta, n.

Kailan, 22/6 n.

12.33 12.32

or

October (1985) Spot' ... New York Rubber: December

12.21 12.10 12.45 12,45

13.99 13.82

Objet Manager.

January March May

14.12 13.92

11.37 14.16

14.57 14.85

July

14.76 14.55

September

14.97

14.76

Chicago Wheat;

Deposit them in a Vault

December

.94%

96

May

94% 951

July

88%

893%

Chicago' Corn: December

737%

75%

Langkats (Single) Sh: $17% u. S'hal Exploration, Sh. $54 n. S'hai Loans, Sh.86% n. Raubs. $10% n.

OUR SAFE DEPOSIT VAULT May

76

76%%

Venz; Goldfield, $5 n.

located on the Mezzanine Floor of July

704

77

Docks, etc.

Our

Smile

New building is. Specially Con-Winnipeg Wheat: structed to provide all of these Im-October

74%

74%

Balavis

Sanjarab

portant Qualities.

December

75%

75%

Bombay

Nagasaki

hangha

Calcutta

New York

Bingapore

You may obtain a Safe Deposit May

80%

80%

(403

Osaka

Gourabaya

tphone

Paria

Brator

Hakow

nydney

Box. In this most up-to-date Vault for New York Sugar: your own use at a very moderate Ren- |

Penso

Taikoku

tal.

October

1.78

1.77

Jobe

Hangoon

Tlantcla

1,67

1.60

Kowloon London

Быров

San Francis

Tokyo Vandoutor Yokoha

1.70

1.70

H.K. Wharves, $107 b. H.K. Docks, $12.65 b. Providents (old), $1% b. Providents (new), $50 cts. n. Hongkows, (old) Sh. $316 n. New Engineerings, Sh. $5% n. S'hai Docks, Sh. $1271⁄2 n.

Cotton Mills.

1.74

.1.74

Corner of Ice House Street and Des Voeux Road, Central

New York Silk:

December,

1.16

March

May

-1.17%

1.18

1.15 1.16% 1.18

Montreal Silver:

INC.

December March May July

Head Office: 65, Broadway, New York

52.20 62.40 53.15 53.85 53.70 63.86b 54.100 54.45n

n--nominal,

Capital **Sürplus

Reserves

....U.S.$6,000,000.00 2,087,112.69 1,995,328.81

BRANCHES:-

Amsterdam Antwerp

Atheas

Ámu43

Harl

China-Amoy, Canton, Foschow, Han-

kow, Shanghai, Swatow.

Berlin Bombay

Bram:

Havana Hamburg

Heidelberg Interlaken Jerusalem

Silau Nice Naples

Paris Paipi Palerund Roterdam Reut

London Liverpest Lucer Lugano

Stingad

Southam

Singaper

Tatilu

Taormina

THE

Svery dosenption of Banking and Exchange Basic Laced. Lograted on approved | securi

P

Current Assouble apred in Local Currino and Plant Depola received for year aberler periods in Local and Foreign Currencies aleem which will be quoted an application.

Bal Deposit Do To Le

KAN YONG PD.

Chist Mangst.

Hung Rong, let March, 1984,

THE BANK OF TAIWAN, LTD.

Head Ofee:-Talboku, FormOSA, Incorporated in Japan by Special Imperial Charter, 1899. Central Bank of Formosa, Notes

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, Tamsui, Toen, Karenko. Kagi, Helto, Giran.

March Inspection Cordially Invited. THE NATIONAL COMMERCIAL May July A SAVINGS BANK, LTD.

AMERICAN EXPRESS COMPANY,

Batavia,

Cairo Cricutta Сват Colombo/ Copenhagen Lublin Edinburge Florence Отлета

Others:-Bombay, Hong Kong, London, Brus

New York, Singapore, Semarang, Soerabaya. Dairen. On and after April 20th, 1984, the rate of Interest on Special Current Deposit will be at 14% p.a. on daily balance and the rate for balance over $10,000 will be quoted on application| (Maximum rate-1%).

Y.. OHNO,

Manager.

Hong Kong Branch

3, Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1980

Luxor

Marillas

Monte Carlo

Manila

Wenzh

Koutroux

Ylan Valo Tokohama Zurich

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

All classes of Commercial Banking Transactions undertaken.

Personal investiment accounts

handled,

bbid

182-DAY TREASURY BILL ISSUE OVER-SUBSCRIBED

Washington, To-day. Uncon- firmable reports here state that the Treasury's reported offering of U.S.$75,000,000 worth of 182- day Treasury bills, dated October 81, has been over-subscribed two and a half times. Interest on the jaccepted bids ranged from 17 to 20 per cent.-United Press, per S. E. Levy and Company.

THE MERCANTILE BANK OF INDIA, LTD.

HEAD OFFICE:

15, Oreshurah Brest, London, E.C.3.

Authorised Capital ....£3,000.000 Subscribed Capital .... 1,800,000 Paid-up Capital .... 1,050,000 Reserve Fund & Rest.. 1,247,432 The Bank of England & Midland Bank, Lid. BRANCHES.

Bangkok Bombay Calcults Colamba

The Company offers to intending Travellers the use of its "Travelers] "

Clalla Capital (fully paid-up) Yen.100,000,000 Cheques" and Letters of Credit and Hong Kong Reserve Fund

Yen.124,250,000 fa: addition, the world-wide cervices} Howick

at its thoroughly equipped Travel-De- partment.

Bead Office: YOKOHAMA

Branches and Agencies at:

Alexandria

Batavia

Berlin

Bombay

Calcutta

Canton

*Nagasaki Nagoya New York Ogak

Paris Peiping

Dairen (Dalny) Rangoon

Fengtien (Mukden)

Hamburg

Hankow

Harbin

Hong Kong Honolulu

Hsinking

Karachi

Kabe

Londab

Los Angalia

Manila

Mojt

Rio de Janeiro San Francisco Seattle

C. H. BENSON,

General Manager.

THE WING ON BANK, LTD. HONG KONG

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of overy description transact-

Ipoh

BANKERS:

Bandy

Karacs!

Kuala Zapis

Kota Bharu

New York Penang

Port Doule

(Kerfius) Bazoo Kuala Lumpur Bhanghel Kuantan (Pabang). Simla Mudras

*Bingapore

RCNG KONG BRANCH Every description ad Banting and Ezchange box). ross transacted.

Travallers Cheques lemmid.

Trustee and Executorships under taken.

INTEREST allowed on Current Account and Fixed Depolta at Hates that may be ascertained on application..

1. D. BOSS,

· Manager, |[7. Quoan's Road Central.

Hong Kong, 12th June, 1984.

THE SHANGHAI COMMERCIAL

& SAVINGS BANK LIMITED,

(Incorporated in China) *

$5,000,000.

Current Accounts opened and Fixed Capital paid up Deposits received for one year or shor

Semerang Shanghai Singapore Soerabaya

led

Sydney

Tientsin Tokyo Tringtau

fed on application.

Yingkow

for hire.

Interact allowed on Unrent Ac

Deposita roestved for fixed periods

Reserves 4.0 20.00 $7,000,000,"

ter period at rates which will be quot-Capital Savings Dept. $500,000. Reserve Savings Dept. $600,000, Head Office-Shanghai

Safe Deposit Boxes (various zizes)'

PHILIP GOCKCHIN Chief Manager

at races to be obtained on application L GOCKOHIN

O KISHINAMI,

Hong Kong, 11th September, 1984.

Assistant Manager ¦

LI SHU FONG Assistant Manager,

A Bank having as its mission the Industrial development of China and the fostering of her commer. ciál relations abroad, mattress

· Hong Kong olice:7 Ies House BL:

S. E. Levy And Company's Report In their market report, Messrs. S. E. Levy and Company, corres- pondents for Messrs. White. Weld and Company, New York state:

"Stocks-Trading was extreme- ly dull, but the market was a little, firmer. We anticipate little change for the present. Business (done: 430,000 shares.

"Bonds-United States Govern- ment issues, were eagler. High- grados were easier, but buyers are not stepping up. Second-grades were off.

De-

"Wheat: There was some bet ter local and speculative support on the decline. Cash sales of corn have improved and premiums are advancing. Total sales: Wheat: 25,177,000 bushels; Corn. 7,936,- 000 bushels.

'Cotton-Liquidation of sember contract is increasing and pressure is being concentrated on October cotton, in anticipation of increased acreage during 1935.

"Rubber: There was scattered small liquidation on dis- appointment. regarding the delay of the

quota announcement. Total sales: 275 lots."-Reuter,

Market Factors The following telegram was re- ceived by Messrs. S. E. Levy from Reuter:

(Continued on Page 7) Latest Quotations

some

The following quotations have been received through Mosara. 8. E Levy and Company and the Ameri- can Oriental Finance Corpora- tion:

Ampat 4/71⁄2 b., 55, 11⁄2d. 8. Kampong 5/9 b.

Kuchala 972 b., 1.021⁄2.. Lakuts $1.00 b., 1.04 s. Linguis $1.20 b. Rahmans $1.16 b.. $1.20 a. Sungei Luas $1.20 b., $1.32% 4. T. Harbours $6.55 b.. 6.75 s. Alor Gajah $1.50 b.

Ayer Panas $1.80 ex div. b., $1.85

ex div, 8.

Ayer Moleks $1.15 b.

Bukit Katils 75 cta h., 80 cts, s. Bassotts 75 cts. b.; 80 cts. 5, Brogas 97% cts. b., 1.02 Brunel United $5.00 b. Changkat Serdang $5.35 b. Glenealys $2.12 b. $2.22% s. Indragiris $1.222 b., $1.30.8. Kempas $2.75 cum, div. b. Kuala Sidima $2.40 b., $2.55 a. Kluangs $5.50 b., $6.00 s Mentakaba 41 ets. b., 43 cts. Malaka Pindas $1.62 b., $1.70 s. New Seudals $1.82

.

9.

!

yesterday said that the Treasury was buying newly-mined silver direct from the Mexican Govern- iment.

Due to Mr. Morgenthau's state- ment, observers are speculating on whether the United States has de- finitely switched its allver pur chasing to Mexico, abandoning the Orient and Europe."

They believe that buying from China may end due to the tax. They draw attention to the fact that the recent stability of Euro- pean exchanges indicates no buy ing of silver there.

Attention is also called to tho fact that last month the New York Federal Reserve Bank received: 3,700,000 ounces of silver from Vera Cruz and Tampico..

They point out that the Mexican supply, however, is not the largest. China and India rank first despite b.. $1.87% Mexico being the world's largest producer-United Press per S. E.

Mandai Tekongs 27 cts. b., 30 cts. Levy and Company.

Nyalás $1.27% b., 1.321⁄2 a. Pajams $2.15 b., $2.20 8. Punggors 40 cts. b., 45 cts, s. Sungel Tukungs $1.20 b., $1.25 Telok Aneons $1.32% b. Tapahs $2.121⁄2 b., $2.20 . Tambalaks 85 cts.b., 90 s. Ulu. Pandan $1.35 b.

NEW FORD PLANT AT ST. LOUIS

Detroit, To-day-A spokesman of 8.1 the Ford Motor Company states that the Ford plant at St. Louis will be opened within a month to parti-. cipate in the 1935 production.- United Press, per S. E. Levy and

United Malaccas $1.82% ., $1.90 Company.

a.

Ulu Benuts 54% ets b., 56 cts. 8. COMPANY MEETINGS- Raubs Gold $7.25 b.

Oversea Banking $29.00 b., $29.50 |

9.

Malayan Brewiries $2.35 b., $2.40

B.

NO AGREEMENT ON RUBBER QUOTAS International Meeting

Adjourned

London, To-day.

THE HONGKONG & CANTON ICE MANUFACTURING COMPANY, LIMITED.

NOTICE TO SHAREHOLDERS.

NOTICE IS HEREBY GIVEN ORDINARY YEARLY MEETING

that the THIRTEENTH

New York, Yesterday.

Last To-day's! Close Close NY/London Cross-Rate. 4.96% 4.98% N.Y. Cotton-Dec...... 12.21 12.22 N.Y. Rubber-Dec. 13.99 13.82 Chic. Wheat--Dec. .... 94% 98 Chie Corn-Dee... 73% 75%

of the Shareholders in the Company Montreal Silver-Doc. 52.20 52.40

will be held at the Offices of the Silver-Official

52% 53.00 (Dow Jones ATKJ

General Managers, 2, Lower Albert "The International Rubber Re- Road; on WEDNESDAY, the 14th. To-day's Oct. 29 Close Change gulation Committee met for its November, 1934, at 11 am. for the 32.53 93.05 52 up monthly meeting to-day." states purpose of receiving the Report of 34.69 34.9 10 upla communique issued after the the Directors together with State- 13.43 49.47 meeting of the Committee yes-ment of Accounts and re-electing

terday," and the advisory panel Directors and Auditors. Index 56.06 57.17 17 Leading Stocks

Amer Can Amer Smelt and Ref Amer Tel and Tel

30 Industrials 20 Ralli

1% 20 Utilities

40 Bonds 11 Commodity

Ewo Cottons, Sh,$10% n. S'hai Cottons (old), 8h..$76 n. S'hai Cottons (new), Sh. $48 n. Zoong Sings, Sh. $9.40 n. Wing On Textiles, Sh. 855 m.

Lands, Hotels, etc. H.K, and S. Hotels, $4.90 n. H.K. Lands, $51 b. H.K. Lands 4% Debentures prem. b., 2% prem..sa. Shanghai Lands, Sh. $29 n. Metropolitan Lands, Sh. $14. Humphreys. $10 n. H.K. Realties, $41⁄2 n. Asta Realties "A", Sh. $140 a. Asin Realties "8" Sh.$20 n. Chinese Estates, $90 n. China Realties. Sh. 315 n. China Debentures $187 n.

Public Utilities.

H.K. Tramsays, $19.70 b. Peak Trame (old), $14 n. Peak Trams (new), $7 n. Yaumat! Ferries $213⁄4 n. Star Ferries, 897% n.

C. Lights (old), $9 sa. C. Lights (new), $8.70 b. H.K. Electrics $68 n. Macao Electrics, $26 n. Sandakan Light, $8.n. Telephone (old), $23.15 b. Telephone (new), $10 n. China Buses, Sh. $13.20 n. Singapore Tractions-4/3 b, Singapore Preft, $17/9 b.

Industrials.

Malabon Sugars, $8.70 n. Cald: Macg. (ord.), Sh. $21 n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $3 h. ́ ̈` Cements, $2.15 B H.K. Ropes, $31⁄4 D.

Stores, etc.

Dairy Farms, $23 n. Watsons, 351⁄2 Der. A. Wings, $1. n. Lane, Crawfords, 34 a. Mackintoshs, $21 p. Sinceres, $10 n Wm. Powells, 70 ets: n. Wing On (H.K:).$110 n.

Miscellaneous.

H.K. Amusements, $4 n. Entertainments, 87% n. 8.C. Enterprises, 81 n. United Theatres, 8h. $14. Macao "Greyhounds,” $2;n. Constructions' (old), $1.80 n. and

.8a.

Constractions (new), 78 cts. b. Vibro, Piling $6.60.n.

| Auburn

J. L Case

Du Pont

Elec Bond and Share

General Motors

Int Tel and Tel McIntyre

Montgomery Ward Nat Distillers N.Y. Central Socony-Vacuum Union Pacific U.S. Steel.... West E and M

Business done:--430,000 shares.

STEEL CODE WILL BE

INTACT UNTIL 1935

.02 off

21

100%

was completed by the appoint- The TRANSFER BOOKS of the ment, as representing the rubber Company will be CLOSED from 1st Close manufacturers of the United November, 1934 to 14th November, 33 States, of Colonel A. F. Town 1934 both days inclusive. 100% send, who was present at the By Order of the Board of Directors, 23% meeting.,

G. MILNE,

Acting' Secretary,

"The Committee discussed the question of percentage of basic Hong Kong, 29th October, 1934.

45

01%

日

23% quotas which will be fixed with

91%

effect from January 1, 1935, to

44

regulate permissible exports dur

25% ing the initial part of the years It Insured?

21%

20%

"The agreement' on this point

13% was not reached and the meeting 100% adjourned."-Router.

Insurance All Classes

LOWEST RATES

Fed. Inc., USA. General Agents

31%

304

UNITED STATES GASOLINE

American Asiatic Underwriters

PRICE WAR ENDS

-Gasoline Head Ofice

New York, To-day.

prices in Massachusetts have ad-

vanced 8.5 centa, possibly mark-17. The Band, ing the termination of the price Shanghal

Pittsburg, To-day-The magn-war-United Press. per 8. E. zine, "American Metal Market." Levy and. Company. has noted an improvement among steel buyers.

This attributed to Bome assurances that the Steel Code will be intact until next year.) United Press, per S. E. Levy and Company.

AMERICAN STEEL INDUSTRY LODGES PROTEST

•

The

New York, To-day. American Iron and Steel Insti- tute has protested to the Tariff Commission against the proposals for lower duties on steel from Belgium United Press, per S. E. Levy and Company.

PENDING CHANGE IN US. TREASURY DEPARTMENT

Washington, To-day-Rumours persist that Mr. Leon Crowley will become United States Comptroller

Ch. Govt. 5% 1925 G$Bda-87%n. of Currency in the event of Mr. H.K Govt. 4% Loan 8% prem. n.J. F. T. O'Connor accepting the HLK. Govt, 3% Loan 2% pram. Federal Reserve agentship at San

b.

Francisco United Press, per 8.

Wallace Harpers, $7% n

E. Levy, and Company,

A

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 & CO., NEW YORK

7. ICE HOUSE STREET, HONG KONG

Tel. 30101 and 80108.

Tel: Address:

?

HI. Once

Asia Life

Building

Tel. 30294.