1934-11-10 — Page 6

BANKS

HONG KONG AND SHANGHAI BANKING CORPORATION.

Med and Pulty Pallop mo

orland Capice:

Barre Fundi:-

Barling mereka yagona s

£650.000

$50,000,000 20,000,000

Besarta Tabihy of Proprietor $20,000,000

HEAD OFFICE: KUNARONO.

BOARD OF DIRECTORS.

lor. C. 1. 8. He

Chairinao,

Hot Mr. N. R. 1.

W, 1. Hoil. Exp.

Deputy China.

El. Campiau, Euq.

W. I. Kenwich, C

#0. Rõigh), E.

AMOY MANUKUE BATAVIA. BOMBAY QALCUTTA JANTUN DIEFOO 12 LOMBO DAINER 7000HOW HAIPHONG ALBUMI HANKOW

ПАКИН HONGREW

ELITA

10

HOME

KOBE

KOWLOON

U. Maskin, Eng.

THE CHARTERED BANK OF INDIA, AUSTRALIA & CHINA. Incorporated by Royal Charter, 1853. HEAD OFFICE: LONDON

THE CHINA MAIL, SATURDAY, NOVEMBER 10, 1934

Commerce and Finance

SHARE MARKET.

Weekly Report.

Hong Kong, November 10. Mr G. A. Harriman's workly share repuri and market review issued at noon states:-

1

Paid-up Capital

Beserve Fund.....

£3,000,000 .£8,000,000/

Reserve Liability of Pro

prietors

-£8,000,000

Agencies and Branches:

Alor Star

ilable

Bungoon

Ameliar

pob

Balgon

Baghok

Karachi

RenardR

Rians

Ketebas

Kh. Mornish, Eng

Xobe

Phongha!

Kuala

Eingapore

r

1. E. Prates, Zaq.

Lumpur

Bitinwan

10 por

. Bucking

Bowlby

Madra

Talplag

Bolte

Maalia

Timbuln

Dat

Tangish

Haiphong

New York

(Bhukar)

Hanbur

Palping

Tsingtao

Hankow

Harbin

Ponen

(Poxing)

Yokobaina

Zamboange

Jong Koon

transacted.

V. M. Cragin, tag

Chiel Blaunger.

GRASON-

SOSDON

LYUNS 383LAUCA MANILA

MUAN Jubars)

NORDES

BLW K

PELVINA

PENANG

HANTON

HAMON

DAN FRANCISCO

HELA LUMPUR

BHANGULT

KENGA PULI

RHABAYA

MUNUEL PATANI

HEXISTR

TOKYO

THINGTAO

YOKOUANA

Cursul 400gzase apessed lu Local Cuinaty set and Deposita reeled for one year pr shorter peciosie Local Canyag and Berling

Star which will bo' quated anyplomu Wong Kong, 15th April. 1994;

HONG KONG SAVINGS BANK.

The shine of she sbors Baux is sondu

by the HONG KONG AND SHANOMAL BANKING CORPORATION. Hules may be

hiind ca application.

PUR THE LONG KONG AND BHANGHAI BANKING CORPORATION

V. M. GRAYBURN,

Chief Monger.

Long Bongth February, 1994.

THE BANK OF EAST ASIA, LTD.

Authorised Capa

Cam

$10,800,000,OU mgmt.com A, KAD

Koostra mul tikdinidad zemas k

HEAD OFFICE:-HONG KONG

14, De Vau Hond Coutral. HARD OF DIRECTVGA :--

Hit how-un t'hor, Chea.

La Koons Churs, y 1 B. Kwok, E., Wong Lu Talir. K. Chen Chby shek, Rog La Lan Mag Erg, Wou Obu Son, Exq. and Kan Ying Bong.

Ban Tong P3, B4, Chial Manager.

El The Frog, Lıq., Kanagar,

DRANCHES AND AGENCIES-

Am

Malbaie

Mogapore

watow

babareng

Bombay

Nogentl

bhangha

Calculis deaton Asiphong Hankow Цоковыя Labe

Now York

Oval

boundar

Pack

Palping

byday

Packag

Bangon

It

Kowloon Loudon

dai vo

Tokyo

de Franchio

Taiboku

FROCOTH

Yokohame

Balkyia

Bombay Caloutta Gotod

Obu

week

The market during the under review was very quiet con- sequently business on the whole was on a rather restricted scale with rates more or less unaltered. investment section Hong In the

Electrics receded further Cueras Acut opened and Flaed Depois with business reported at us low racared for one year or shorter parlada as zuine! which will be quoted an application.

W. H. E. THOMAB,

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

Formiga, Excisege and Unteral Banking business Kong

SAFETY FIRST!

To Safeguard Your Valuables and Jewellerlea. Deposit them fa a Vauli that is really: FIRE-PROOF BURGLAR-PROOF DAMP PROOF!

OUR SAFE DEPOSIT VAULT

as $67,

Wharves after having been done at $109, continued in demand

Telephones at $108%. and Dairies were neglected at quotations. Trams remained firm with sales reported at $19.35 and more shares could be placed at this rate. Among the minor is sues, Hotels and Lights were wanted at $4.60 and $8.80 respec- tively.

Cements were in favour again with buyers at $2.00 for near deliverles. In the sterling section Banks and Unions were located on the Mezzanine Floor of transacted at $1,645 and, 8520 res- Our New building is Specially Con-pectively, The tone of the mar- structed to provide all of these Im-ket at the close is quietly steady. portant Qualities,

Business during the week has been done at the following prices:}

Hong Kong Banks, $1,640. Wharves, $100.

You may obtain a Safe Depozit Box in this most up-to-date Vault for your own use at a very moderate Ren-) tal.

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

THE BANK OF CANTON, LTD.

Established 1912.

Bead Office: Hong Kong,

Water boats, $12.90/13. Hotels, $4.15/4.70. Humphreys, $9.15. Ewos, Sh.$9.90, Hong Kong Lands, $51. Hong Kong Trams, $19. Entertainments. $6.90. Gold Rivers, 22 çts,

Author Capital $1,000,000 H.K. SHAREBROKERS”

¡Paid-up Capital

Total Resources

8,855,000 82,170,492

Branches: Canton, Toirhan, Shanghai, Hankow, Bangkok & San Francisco. London Bankers: Lloyds Bank, Ltd.,

Banking Foreign Exchange and

businous of every discription tran

Beted.

-.

ASSOCIATION

Stock Report

The following report was issued

Current Accounts opened and by the Hong Kong Sharebrokers" Deposits received for one year or Association yesterday afternoon. shorter perlods at rates which will be quoted on application.

Safe Deposit Boxes (various sizon)

Every chempio of Backing and Erching for hire.

bu dosed. Loans grasindo approvedi

Gureens Acouple opered to Low Curre and Fixed Depot hired for 30s year of abrez perioda in Local and Foreign Currencias

terms which will be quoted an application. Date Depil Cures To Let

KAY TONG 14,

Chief Madager.

Hong Kaby, Avi Marola, 1961.

THE BANK OF TAIWAN, LTD.

Head Office: Taihokn, 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-

LOOK POONG SHAN,

THE-

Chiat Manage

Underwriters $1.10 b. Douglases $40% b.

Gold Rivers 211⁄2 cts., b. Salacots 16 ets., B. Tinited Paracles 34 cts., b. Rambs $11.10 b.

Hotels $4.60 b., $4.70 a..

AMERICAN EXPRESS COMPANY, Lands $51, b.

INC.

Hend Office:-65, Broadway, New York

Capital Surplus Reserver

.U.S.$8,000,000,00 2,057,112.69 .... 2,995,528.81

bama, Keelung, Makong, Nanto, Shoka, Shinchiku, Talchu, Tainan, Taito, Takno, Temsui; Toen, Karenko Atham Kagi, Heito, Giran.

Amsterdam

Antwerp

ÁM 250

Beatre

Berlia

Bocobar

Brenton

BRANCHES:

GADOR Glasgow Havana Hamburg

Iloldalberg Interlaken

Hilan Kics Haplou

Brussels

Calro

Jerusalam London

China:-Amoy, Canton, Foochow, HAD-

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

On and after April 20th, 1934, tha rate of Interest on Special Current Depoalt will be at 1% p.a. on dally. balance and the rate for balance over $10,000 will be quoted on application (Maximum rate-136),

Y. OBNO,

Manager.

Hong Kong Branch

"

8, Des Voeux Road, Central,

THE YOKOHAMA SPECIE BANK LIMITED.

Established 1888

Calcutta Cannes

Bolomba

Copenhagen

allo Edinburgh Flacon Geneva

Liverpool

Lamine

Ingent LAKOP

Monte Carlo Manila

Yunich

Noctrous

PITROUS Paris

Paipta, Partic Rotterdam Boma Shingles. Spethampton Slugspor Mantala Taormina

Vieque Venlos Fakobama

Farich

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

-All classes of Commercial Banking Transactions undertaken.

Humphreys $b. Wharves $108 b. Providents Old $1% b. Docks $12.60 b. Trams $19.40 b. Yaumati Ferries $22. Lights Old $8.75 b., $8.90 a Lights New $8.55 b. Canton Ices $3 b.

Cements 32 b. Ropes $2.80 b. Constructions Old $1.65 b Cstruction New 75 cts., b. Nanyangs $4.60 b.. Gold $ Bonds 85%% b.* S. C. Enterprise $1.20 b.

THE MERCANTILE BANK OF INDIA, LTD.

-HEAD - OFFICE:

1E, Gracehurch Street, London, E.0.8 Authorized Capital £3,000,000 Subscribed Capital.... 1,800,000 Reserve Fand & Rest Paid-up Capital 1,050,000 1,247,432

BANKERS:

The Bank of England & Midland Dank, Ltd. BRANCHES:

Personal Investment accounts Bangko

handled.

The Company offers to intending Travellers the use of Its Travelers

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

Yen.124,250,000 In addition, the world-wide services

Head Office:-YOKOHAMA

Branches pad: Agencies at:

Alexandria

Batavia

Berlin

Nagaiak! Nagoya New York

Osaka

Bombay

Calcutta

Ganton

Parli Pelping Dairen (Dalny)

Rangoon Fengtion (Mukden) Rio de Janeiro Hamburg

San Francisco Scattle

Hankow: Harbin

Hong Kong,

Honolulu

Hainking

Karachi

Kobe

London

Los Angeles

Semarang

Shangha

Singapore Soerabara Sydney Tientsin

Tokyo

Tsingtao

Yingkow

Interser ~ allowed on Uzrent Ao

Deposits received for fixed

rates to be obtained on application.

#KISHIN

ong Kong, 11th September, 1984

f its thoroughly equipped Travel De: [partment.

C. H. BENSON,

General Manager.

THE WING ON BANK LTD. HONG KONG.

Authorised Capital $10,000,000

Foreign Exchange and Banking Business of every description transact Fed.

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

for hire.

Safe: Deposit Boxes (various sizes)

PHILIP GOCKOHIN

GOCKCHINE Assistant:Manager to

ALI SHU FONGE

Ipob

Kindy

(Madun)

Bow York

Bombay

Oile

Calculs

Delhi

Karachi

Poet Loole

Colombo

Kala Bhara

Kush Lipis

Kuala Lumpur

Hong Hong Howrah

Rangoon

Shanghai

Kuantan (Falone) Bila.

Elagspore

HONG KONG BRANCH sesa transealed.

Every description of Banking and Exchange bual- Travellers Cheques tempada

Trustee and Executorships under- taken.

INTEREST Alowed an Ourmit Accouple and Pised Depodia at, Bates that may: bez mesclalond on application.

J. B. BOSS.

Queen's Blood Central. Hong Kong, 12th Jane, 1984..

THE SHANGHAI COMMERCIAL & SAVINGS BANK LIMITED (Incorporated In China)

Capital paid up

$7,000, Reserves Capital Savings Dent, $500,000, Reparto Savings Dept. 3800,000 Head Offen-Shanghai

A Bank having as its mission the industrial development of China And the fostering of her commer cial relations abroad.

Hong Kong offcam), Ice House Bt.

LOCAL SHARES.

TO-DAY'S QUOTATIONS.

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

Banks,

H.K. Bank $1655 8. H.K. Bank (London), £134 n. Chartered Bank £16, n.

Mercantile Bank, A. & B, £32 Mercantile Bank C. £18% n. Bank of East Asia, 893. n. Am: 0. Finance Corp., Sh. $20. China O. Fin. Ord., Sb. 14 n. China 0, Fin. Pref. Sh. 5 .

Insurances.

Canton Ins, $285 9. Union Ins., $517% b

China Underwriter, $1.15 b. China Fire Ins, $510 n. H.K. Fire Ins., $2371⁄2 n. International Assce. Sh. $6 D. Shipping.

Douglases, $41 n. *~*~*; H.K. Steamboats, $7 n. Indo-Chinas (Pref.), $80 n. Indo-Chinas (Def.), $88 n. Shell (Bearer) $44/41⁄2 n. Union Waterboats. $18 m.

Mining.

Antamoks, 60 cts. n. Balatoes, $57 n. Baguio Gold, 46 eta, a. Benguet Consolidated $13.75 n. Benguet Exploration 18 cts, n. Benguet Goldfield, 20.cts. n. Big Wedge, 10 cts. . Gold Creek, $2 n.

Gold Rivers, 22 cts. n. Ipo Mining $21⁄2 ¤.

Itogans $6.30 Salacota 16 cts, ♫

Kallan, 20/7% 0.

·

Langkats (Single) Sh. $172 n.

S'hal Exploration, Sh. 364 n. S'hai Loans, Sh.$61⁄2 n. Raubs, $11. Venz; Goldfeld, $5 n.

Docks, etc.

H.K. Wharves, $109 n. H.K, Docks, $12 b. Providents (old) $1,55 b. Providents (new), $50 cts. a. Hongkews, (old), Sh. $315 m. New Engineerings, Bh. $52 n. S'bai Docks, Sh. $128 n.

Cotton Mills. Ewo Cottons Sh. $10.10 n. S'hai Cottons (old), Sh. $77% S'hai Cottons (new), Sh. $461⁄2 Zoong Sings, Sh. 39.40 n. Wing On Textiles, Sh: $55 n.

Lands, Hotels, etc.

H.K. and S. Hotels, 84.60 b. H.K. Land, $501⁄2 b.

H.K. Lands 4% Debentures

prem sa..

MORE ACTIVE

MARKETS SEEN

IN NEW YORK

Traders Reassured By Elections

BROKERS OPTIMISTIC

NEW YORK STOCK

EXCHANGE

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

LATEST QUOTATIONS“

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

Nov. 8. Nov. 9,

New York Cotton: Closing Closing: December

12.17 12.27 12.22 12.82

The following quotations from New January York have been received by Messrs. March {S. E. Levy and the American Oriental | May

Finance Corporation.

Last

Close 10.10 11.00

May

08% an increase of 47.8 per cent, as C. Whent Dec. 99

with September und compared

|C. Corn May 801⁄4 122.3 pur cent. above the total w. Wheat May 83% for October last yerr, marking STOCKS the first gain. over 1983 since Amer Smelting 30%

Auburn that President Roose-Con Gas NY. April, and velt's advisors indicate that the Du Pont Chief Executive plans to modify Elec Bond & the Administration's programme Share

General Motora on more conservative lines, oppos Int Tel & Tel ing infintion and seeking stabili-Loew's Inc zation at an early date.

12.28

12.89

1,2.20 12.37

July

12.28

12.35

New York, To-day. Brokers predict more active markets, due to participation by NY./London normally large traders since the election.

October (1935). ·

11.99

12.06

Spot",

12.40

12.50

6.00% 4.00 4.99

New York Rubber; ›

N.Y. Cotton

Dec. Mar,

12.17

12.14

12.19

December

38.28

13.81

12.28

12.20

12.31

January

13.40

13 41

Corporation, showing

Favourable factors yesterday M. Silver Dec. 52.65 were that residential construc

N.Y. SIK tions during October totalled US NY. Rubber 326,300,000, according to the F. W. Dodge

52.85 52.806 March

13.62

13.03

Mar.

53.63 1.10

53.06h 53.05b

May

19.83

13,81

1.10b

July.

14.03

14.01

Dec.

13.28

13.19

19.26

September

14.25

14.22

Mor.

13,62

13.55

13.60

Chicago Wheat:

100

December

991⁄41⁄4

99%

90%

80%

May

98

994

+

834

July

92%

95%.

Chicago Corn: ̧.

86%

December

78%

79%

-25%-

25%

25

1

20 20% 26

May

80

81%.

95

064

July

80%

81

Winnipeg Wheat:

07

95%

9%

December

7834

783%

80%

30%

30%

May

83

832

9%

ถน

0%

30%

304

31%

July

84

84%

'An unfavourable factor that gasoline price-cutting has N.Y. Control been resumed in the northern U.S. Steel 34 33% area of New York.

Montgomery W. 28% 22% Was Nat Distillers

28%

29

New York Sugar:

22%

October

1.81 -

1.80

21% 21% 21%

March

1.71

1.69

Stan Oil N.J,

42% 42% 42%

34.

London Prices

May July.

1.75

1.72

1.80

1.76

1.19

1.22

1.20

1.23%

1.21% 1.25

52.65 52.00

53.63 53.85

54.15 64,37 54.75 54.90b.

b-bid.

S. E. Lovy And Company's Report The following quotations from Lon- New York Silk:

In their market report, Messrs.don were received last night between December

May

May

Governor Attends "The House Of Rothschild"

S. E. Levy and Company, correa 5.30 p.m. and 10.30 p.m.

Silver Spot 23-9/16 (last close); March pondents for Meagrs. White. Weld 23-5/4 (last recd), 3/18 up (change). and Company, New York state: Silver Forward 23-11/16 (last close), Montreal Silver:

of the 23-7/8 (last recd), 3/16 up (change). December "Stocks: The action

Silver Report: India and China March market is encouraging. With the bought. China sold at rise. Market Elections past, the Government steady.

Gold 139/2 (last.close), 139/7-1/2 July can now concentrate on its pro- gramme of business atimulation. (last reed), 5-1/2d up (change).

London/N.Y. Selling Rate 6.00-1/2) Inflation sentiment also Wag

(last close), 14.98-0/16 (last recd), doubtless a factor. We believe1-15/10 down (change).

London/Paris Selling Rate 76.03 GALA PERFORMANCE that a more confident buying atti- itude cau be adopted. Business (last close), 75.71 (last read), 32 down

(change).

AT KING'S THEATRE done:-1,230,000 shares.

Liverpool Cotton-Mar. 6.49 (last "Bonds:-United States Govern-close), 0.85 (last rocd), 06. up ment bonds were easier. The un- (change) dertone of high-grad continues to Liverpool Wheat-Dec. 5/1-3/8 (last) Improve and prices were up frac- close), 5/1-3/8 (last record), iz

changed (change). tionally. Second-grades closed

London Rubber-Jan.-Mar. (buyers) 0-0/18 (last close) 6-1/2 (inst rec), In the presence of His Excellency the Governor and Lady Peel, the "Grains: Corn husking re- 1/16 down (change)

London Rubber-Jahar (sellers) 20th Century, production turns are discouraging. The crop 8.6/8 (last close), 6-5/8 (used), House of Bothschild" was presented estimate confirms bullish expecta- unchanged (change).

London Rubber at noont (buyers) to the Hong Kong public last night. tions. Total sales: Wheat: 28,-

1at the King's Theatre... 712,000 bushels; Corn: 10,136,000 6-1/2 (last reed).

Such historical drama, superbly," London's ForecABİ busbels.

A forecast from London on the prob "Cotton: Sales of cotton-goods, able trend of the New York; market, acted by an excellent cast has never

before been screened were better.Trade and speculas states:

Wall Street is expected to open In addition to His Excellency the tive buying was more active."-

"Rubber:-Outside interests are steady, but not much movement is Governor and Lady Peel, who wera

anticipated The market is awaiting jatill hesitating, but factories were the first Presidential announcement accompanied by Capt. R. F. Walter, of-after the great Election victory, A.D.C., and Mr. J. G. Pilcher, many n. good buyers. Producers are

Cotton prices may open higher, but prominent residents were the gueste n.fering sparingly and the situation

is gradually clearing, Total sales: the market is subject to future roof the Hon. Mr. S. W. Teo, Director gulations regarding next year's acre-of China Entertainments Ltd., at 147 lots."Reuter.

strong.

Market Factors

The following telegram was 14ceived by Meagra. S. E. Levy

Shanghai Landa, Sh. $29 n. Metropolitan Lands, Sh. $14 n. Humphreys, $94.

H.K. Realties, 84% n.

Asia Realties "A", Sh. $140 n. Asia Realties "B" Sh. 20 ni Chinese Estates, $99 n.. China Realtles. Sh. $15% 0. China Debentures Sh. $137 n.

.

Public Utilities.

H.K. Tramwaya, $19.35 b. Peak Trame (old), $14 n. Peak Trama (new), $7 n. Star Ferries, 897.3. Yaumati Ferries $22 n. C. Light (old), $8,80 b.. C., Light (new), $8.55 b. H.K. Electrics $671⁄2 .. Macao Electrica, $25 1. Sandakan Light, $8 s. Telephone (old), $29 Telephone (new), $9.70/85 88. China Buses, Sh. $18.20 n. Singapore Tractions 4/8 b. Singapore Pret., $17/9

Industrials.

B.

Malabor Sugars, $8.70 n. Cald: Macg. (Ord.), 8h. $21 n. Cald: Macg. (Pref.), Sh. $20 n. Canton Ices, $8 b Cements, $2.10 8. H.K. Ropes, #34 n.

Stores, etc. Dairy Farms, $28 n. Watsons, $5% n Der. A. Wings, ŝi n. Lane, Crawfords, $4 ¤. Mackintoshs, $21 n. Sinceres, $10 a 12 Wm. Powells, 70 cts. n. Wing On (HK) $110 m.

Miscellaneous. H.K. Amusements;. 84. n. Entertainments, $77%⠀n." 3.C. Enterprises, 81 n Macao "Greyhounds, 32 n. Constructions, (old), $1380 m2: Constructions (new), 75 cts. b. Vibro Piling, 8:60 m

Co. from Reuter:

age.

The Wheat market may open

last night's Premiere.

The

steady. The weather in the corn belt Prominent among those present reis cooler. The South-west is not re-were: The Chief Justice, Mr. A. D. celving the badly needed rains. The A. MacGregor and Mrs. MacGregor, weather in the Argentine is unfavour Mr. Justice A. G. Mossop, of H.B.M.. able, but the Buenos-Aires market is not responsive.

&

Supreme Court, Shanghai, and Mrs. Rubber prices may open a little Mossop, Hon. Mr. and Mrs? D. W.

Favourable factors prior to the jopening of the markets were: (1)

Trade news continues to be mo-lower. dérately encouraging (2) Infla- tion possibilities are still taining influence. (3) The volume

# BUS-

Tratman, Hon. Mr. and Mrs. R. E. Lindsell, Hon. Mr. and Mrs. E. Tay- lor, Hon. Mr. and Mrs. C. G. Mac ·

"Cotton: The market was quiet, kie, Mr. Justice and Mrs. P. Jacka, - of trading dwindles on reactions, with demand for December against and Hon. T. N. Chau.-N.8. which is attributed to Impatient sales of actual cotton the feature realizing.

The Trade is awaiting definite nowa Unfavourable facter "was: The regarding the acreage of the next lack of follow through on rallies

crop.

is causing disappointment on "Rubber: The market was qulet Wall Street.

Jand nervous, but was steadied by Wall Street is steady, but move-the strength of the other markets. very narrow, with Commission Houses bought, while minor fractional losses predomin-dealers sold. ating.

ments

are

:

"Flashes Analyst Index of Busi- car-ness Activity: 75.2, against 74.9 last With interest, at present tred upon the European situation, week.

Is It Insured? ?

Insurance All "Clamson LOWEST RATES. American Asiatic Underwriters

Fed. In USA. General Agents

Automobile output in the Head Office

traders are expected to continue United States during the week

very cautious and narrow and in-amor

amounted 17,116 units, compared, The Hund decisive movements are expected, with 23,626 units the previous week. Shanghai

The American Railway Associa-Money in circulation increased by

tion reports carloadings for the $49,000,000."Reuter,

week ending November 3rd at]

612,000 cars, a decline of 2,000 cars from the corresponding per- iod of last year.

The Studebaker Motor Com pany's third-quarter report shows a net loss of $369,000, compared with a loss of $274,000 during the corresponding quarter of last

year.

E. A. Pierce Co.'s Report In their market report, the American Oriental Finance Cor poration, correspondent for Messrs. EA. Pierce and Company New York state:

Stocks: The action of the market speaks for itself and we think that the longside is still logical.

"Wheat: Prices held firm during most of the session. Trading was moderate with support forthcoming! on setbacks.Mills were reported as moderate buyers of December

N options. Reports from Australia

Ch. Govt. 5% 1925 G&Bds, -87%, are. unfavourable while forecasts HK Govt. 4% Loan 8% prem, indi rain in the Argentine. Export demand for Manitoba wheat itions Dry weather are reported from the South-West. (Continued on next Column)

H.K Govt 8% Loan 8% prem in slow,

b., 4% prem. 8. Wallace Harpers, $73⁄41⁄2 m

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

7ICE HOUSE STREET, HONG KONG

Tel: 80101 and 80109

EA.Unico Asia, Life'

Tel

-Selco